# EDGAR Filing Document

**Accession Number:** 0000809593
**File Stem:** 0001752724-23-073132
**Filing Date:** 2023-3
**Character Count:** 130164
**Document Hash:** 878bf3d6bc006f9d923479f5a85e2926
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-073132.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001752724-23-073132

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230330

**PERIOD START**: 20230131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN BEACON FUNDS
- **CENTRAL INDEX KEY:** 0000809593
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04984
- **FILM NUMBER:** 23777575

**BUSINESS ADDRESS:**
- **STREET 1:** 220 EAST LAS COLINAS BOULEVARD
- **STREET 2:** SUITE 1200
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75039
- **BUSINESS PHONE:** 8173916100

**MAIL ADDRESS:**
- **STREET 1:** 220 EAST LAS COLINAS BOULEVARD
- **STREET 2:** SUITE 1200
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75039

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN EAGLE FUNDS
- **DATE OF NAME CHANGE:** 19890813

## Series and Classes Contracts Data

### American Beacon NIS Core Plus Bond Fund (Series ID: S000069392)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000221415 | R6 Class     | NISRX           |
| C000221416 | Y Class      | NISYX           |
| C000221417 | A Class      | NISAX           |
| C000221418 | C Class      | NISCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AMERICAN BEACON FUNDS

- **b. Investment Company Act file number:** 811-04984

- **c. CIK number of Registrant:** 0000809593

- **d. LEI of Registrant:** 549300EXCES9V5RWB620

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

  - **Street Address 1:** 220 EAST LAS COLINAS BOULEVARD

  - **City:** IRVING

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 75039

  - **Telephone number:** 817-391-6100

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

- **a. Name of Series:** American Beacon NIS Core Plus Bond Fund

- **b. EDGAR series identifier (if any):** S000069392

- **c. LEI of Series:** 549300MEGDO7715JGW54

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

- **a. Date of fiscal year-end:** 2023-01-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $6571235.13

**Total Liabilities:** $101746.54

**Net Assets:** $6469488.59

**Cash Not Reported:** $105027.99

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -5.89000000 | **1-Year:** -154.51000000 | **5-Year:** -542.31000000 | **10-Year:** -663.60000000 | **30-Year:** -205.57000000

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

- **3-Month:** -3.98000000 | **1-Year:** -89.66000000 | **5-Year:** -170.79000000 | **10-Year:** -56.22000000 | **30-Year:** -30.89000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000221416 | 3.23%                | -0.06%               | 3.16%                |
| Class ID C000221418 | 3.15%                | -0.15%               | 3.08%                |
| Class ID C000221417 | 3.09%                | 0.04%                | 3.14%                |
| Class ID C000221415 | 3.24%                | -0.05%               | 3.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-34889.26               | $200549.92                                 |
| Month 2  | $-4677.39                | $-11059.11                                 |
| Month 3  | $-32859.56               | $205991.85                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CAPITAL ONE FINANCIAL CO                                    | Capital One Financial Corp.                                                           | CUSIP: 14040HCJ2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     10000 | PA      | $7924.18      | 0.12%             | 2032-11-02      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                              | Morgan Stanley                                                                        | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      5000 | PA      | $3866.76      | 0.06%             | 2036-09-16      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                  | Federal National Mortgage Association                                                 | CUSIP: 31418ECG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     28252 | PA      | $24579.26     | 0.38%             | 2042-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                                    | Western Midstream Operating LP                                                        | CUSIP: 958254AK0<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23562.50     | 0.36%             | 2028-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                       | Wells Fargo & Co.                                                                     | CUSIP: 949746RN3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24880.00     | 0.38%             | 2025-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT | Golden State Tobacco Securitization Corp.                                             | CUSIP: 38122NB68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $3953.91      | 0.06%             | 2042-06-01      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                      | Verizon Communications, Inc.                                                          | CUSIP: 92343VGJ7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8493.73      | 0.13%             | 2031-03-21      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| SAN JOSE CA FING AUTH LEASE REVENUE                         | San Jose Financing Authority                                                          | CUSIP: 798153NS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $19518.97     | 0.30%             | 2037-06-01      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc                                          | Ally Financial, Inc.                                                                  | CUSIP: 02005NBF6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24831.44     | 0.38%             | 2025-11-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pass-Through Certifica           | FRESB Mortgage Trust                                                                  | CUSIP: 30297PAF0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      9090 | PA      | $8978.62      | 0.14%             | 2038-07-25      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| VONTIER CORP                                                | Vontier Corp.                                                                         | CUSIP: 928881AD3<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8214.10      | 0.13%             | 2028-04-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                          | Energy Transfer LP                                                                    | CUSIP: 29278NAQ6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13717.08     | 0.21%             | 2030-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Boardwalk Pipelines LP                                      | Boardwalk Pipelines LP                                                                | CUSIP: 096630AE8<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15370.54     | 0.24%             | 2026-06-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEV FIN AUTH REVENUE                              | Kansas Development Finance Authority                                                  | CUSIP: 48542RSV7<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |     10000 | PA      | $7282.29      | 0.11%             | 2051-05-01      | Fixed         | 2.77%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                      | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC                  | CUSIP: 013092AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $24437.50     | 0.38%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                      | U.S. Treasury Bonds                                                                   | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    206000 | PA      | $149462.66    | 2.31%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                         | COMM Mortgage Trust                                                                   | CUSIP: 12593GAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25000 | PA      | $24307.11     | 0.38%             | 2050-07-10      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| OLD REPUBLIC INTL CORP                                      | Old Republic International Corp.                                                      | CUSIP: 680223AK0<br>LEI: 549300IV6O2YY2A1KH37 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9581.65      | 0.15%             | 2026-08-26      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                 | Oracle Corp.                                                                          | CUSIP: 68389XCA1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     15000 | PA      | $11599.20     | 0.18%             | 2051-03-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                      | CCO Holdings LLC/CCO Holdings Capital Corp.                                           | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     12000 | PA      | $11196.60     | 0.17%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                  | Federal National Mortgage Association                                                 | CUSIP: 3140X6M57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     31140 | PA      | $30729.40     | 0.47%             | 2043-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mid-State Trust                                             | Mid-State Trust XI                                                                    | CUSIP: 59549WAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     36328 | PA      | $35202.29     | 0.54%             | 2038-07-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                    | Charter Communications Operating LLC/Charter Communications Operating Capital         | CUSIP: 161175AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $10185.21     | 0.16%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                      | General Motors Financial Co., Inc.                                                    | CUSIP: 37045XDV5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9329.91      | 0.14%             | 2029-04-06      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                       | Toronto-Dominion Bank                                                                 | CUSIP: 89115A2M3<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $10189.49     | 0.16%             | 2028-01-10      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| SPIRIT AIR 2017-1 PTT AA                                    | Spirit Airlines Pass-Through Trust                                                    | CUSIP: 84858WAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15076 | PA      | $13293.78     | 0.21%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CNTY CA PENSN OBLG                                | County of Riverside                                                                   | CUSIP: 76913CBF5<br>LEI: 254900CB5HEOBAVTY629 | Long             | DBT              | MUN               | US        |     15000 | PA      | $14107.17     | 0.22%             | 2038-02-15      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING                                     | DCP Midstream Operating LP                                                            | CUSIP: 23311VAH0<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24888.50     | 0.38%             | 2029-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                          | Chase Mortgage Finance Corp.                                                          | CUSIP: 16164AAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     33083 | PA      | $29026.77     | 0.45%             | 2045-12-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 17-2 AA PTT                                    | American Airlines Pass-Through Trust                                                  | CUSIP: 02376AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11347 | PA      | $10036.10     | 0.16%             | 2029-10-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                                    | TerraForm Power Operating LLC                                                         | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28164.30     | 0.44%             | 2028-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARCELORMITTAL SA                                            | ArcelorMittal SA                                                                      | CUSIP: 03938LBE3<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |     10000 | PA      | $10429.91     | 0.16%             | 2027-11-29      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                      | U.S. Treasury Bonds                                                                   | CUSIP: 912810TM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     23000 | PA      | $23675.63     | 0.37%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OREGON EDU DISTS FULL FAITH & CREDIT PENSN OBLIGS           | Oregon Education Districts                                                            | CUSIP: 68587FBL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $7820.67      | 0.12%             | 2040-06-30      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                            | Bank of Montreal                                                                      | CUSIP: 06368EDC3<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $8939.65      | 0.14%             | 2027-01-22      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                        | Bank of America Corp.                                                                 | CUSIP: 06051GHG7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9527.73      | 0.15%             | 2029-03-05      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                                       | American Homes 4 Rent LP                                                              | CUSIP: 02666TAC1<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |     10000 | PA      | $8139.89      | 0.13%             | 2031-07-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                               | Carnival Corp.                                                                        | CUSIP: 143658BG6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     15000 | PA      | $15688.65     | 0.24%             | 2026-02-01      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| United States Treasury                                      | U.S. Treasury Bonds                                                                   | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     67000 | PA      | $53759.65     | 0.83%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                    | JP Morgan Mortgage Trust                                                              | CUSIP: 46653TAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     36332 | PA      | $30291.47     | 0.47%             | 2051-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                         | New Residential Mortgage Loan Trust                                                   | CUSIP: 64829GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     37646 | PA      | $35135.00     | 0.54%             | 2035-11-26      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| FIRST HORIZON CORP                                          | First Horizon Corp.                                                                   | CUSIP: 320517AD7<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24417.38     | 0.38%             | 2025-05-26      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSIONST HIGHWAY FUND REVENUE        | Texas Transportation Commission State Highway Fund                                    | CUSIP: 88283LKV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9621.28      | 0.15%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                                    | Alexandria Real Estate Equities, Inc.                                                 | CUSIP: 015271AR0<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |      7000 | PA      | $6325.12      | 0.10%             | 2031-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| JOBSOHIO BEVERAGE SYS STWD LIQUOR PROFITS REVENUE           | JobsOhio Beverage System                                                              | CUSIP: 47770VBQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $8169.34      | 0.13%             | 2038-01-01      | Fixed         | 2.83%                 | No            |                  2 | On Loan: No      |
| Highwoods Realty LP                                         | Highwoods Realty LP                                                                   | CUSIP: 431282AP7<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              |  | US        |     14000 | PA      | $13175.44     | 0.20%             | 2027-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION                               | Texas Transportation Commission                                                       | CUSIP: 882830AP7<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |     10000 | PA      | $7786.93      | 0.12%             | 2042-04-01      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| Santander Retail Auto Lease Trust                           | Santander Retail Auto Lease Trust                                                     | CUSIP: 80286DAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     35000 | PA      | $32957.61     | 0.51%             | 2025-11-20      | Fixed         | 1.41%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                      | U.S. Treasury Notes                                                                   | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    128000 | PA      | $134280.00    | 2.08%             | 2032-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Bank                                                        | BANK                                                                                  | CUSIP: 06541QAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15000 | PA      | $14692.00     | 0.23%             | 2055-08-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                 | Federal Home Loan Mortgage Corp.                                                      | CUSIP: 3132D9KM5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     29367 | PA      | $27095.88     | 0.42%             | 2042-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                  | U.S. Bancorp                                                                          | CUSIP: 91159HJB7<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     10000 | PA      | $7970.48      | 0.12%             | 2036-11-03      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| AssuredPartners Inc                                         | AssuredPartners, Inc.                                                                 | CUSIP: 04624VAA7<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14809.80     | 0.23%             | 2025-08-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                      | U.S. Treasury Notes                                                                   | CUSIP: 91282CEY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     50000 | PA      | $48777.34     | 0.75%             | 2025-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                                    | Alexandria Real Estate Equities, Inc.                                                 | CUSIP: 015271AG4<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |     10000 | PA      | $9802.29      | 0.15%             | 2029-07-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                      | Velocity Commercial Capital Loan Trust                                                | CUSIP: 92259BAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20098 | PA      | $19337.91     | 0.30%             | 2048-10-26      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| MID-ATLANTIC INTERSTATE                                     | Mid-Atlantic Interstate Transmission LLC                                              | CUSIP: 59524QAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $24095.19     | 0.37%             | 2028-05-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                              | Lowe's Cos., Inc.                                                                     | CUSIP: 548661EL7<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10102.97     | 0.16%             | 2033-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT                                      | HAT Holdings I LLC/HAT Holdings II LLC                                                | CUSIP: 418751AE3<br>LEI: N/A                  | Long             | DBT              |  | US        |     30000 | PA      | $26625.00     | 0.41%             | 2026-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc                                                   | IQVIA, Inc.                                                                           | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14548.91     | 0.22%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Loc Govt Envrnmntl Fac & Cmnty Dev Auth           | Louisiana Local Government Environmental Facilities & Community Development Auth      | CUSIP: 54628CG30<br>LEI: 5493004WIZ1HV87IVF85 | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $25213.30     | 0.39%             | 2039-09-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| AMEREN CORP                                                 | Ameren Corp.                                                                          | CUSIP: 023608AL6<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4492.29      | 0.07%             | 2027-03-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                 | Federal Home Loan Mortgage Corp.                                                      | CUSIP: 31335BCW4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     55811 | PA      | $51886.77     | 0.80%             | 2047-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DC Office Trust                                             | DC Office Trust                                                                       | CUSIP: 23312BAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000 | PA      | $7306.05      | 0.11%             | 2045-09-15      | Variable      | 3.07%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.            | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates     | CUSIP: 3137H9C98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     15000 | PA      | $14569.87     | 0.23%             | 2032-09-25      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                  | Navient Private Education Refi Loan Trust                                             | CUSIP: 63940UAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5312 | PA      | $5116.30      | 0.08%             | 2059-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                      | U.S. Treasury Notes                                                                   | CUSIP: 91282CCR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     68000 | PA      | $59112.19     | 0.91%             | 2028-07-31      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                      | U.S. Treasury Notes                                                                   | CUSIP: 91282CBQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $90242.19     | 1.39%             | 2026-02-28      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                    | Government National Mortgage Association                                              | CUSIP: 36179R7J2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     37114 | PA      | $35580.97     | 0.55%             | 2046-04-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| REXFORD INDUSTRIAL REALT                                    | Rexford Industrial Realty LP                                                          | CUSIP: 76169XAA2<br>LEI: 549300028US163ELJN70 | Long             | DBT              |  | US        |     15000 | PA      | $12214.94     | 0.19%             | 2030-12-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| MASS INSTITUTE OF TECH                                      | Massachusetts Institute of Technology                                                 | CUSIP: 575718AB7<br>LEI: DLZO3A31IADZ27B62557 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9458.99      | 0.15%             | 2114-07-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                    | JP Morgan Mortgage Trust                                                              | CUSIP: 46654WAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     51088 | PA      | $42530.39     | 0.66%             | 2052-07-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Gray Television Inc                                         | Gray Television, Inc.                                                                 | CUSIP: 389284AA8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13645.95     | 0.21%             | 2027-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                            | LPL Holdings, Inc.                                                                    | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |     20000 | PA      | $17843.99     | 0.28%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC                 | BBCMS Mortgage Trust                                                                  | CUSIP: 05552YAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15000 | PA      | $14916.95     | 0.23%             | 2055-06-15      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| Mid-State Trust                                             | Mid-State Capital Corp. Trust                                                         | CUSIP: 595481AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     48322 | PA      | $48690.04     | 0.75%             | 2040-01-15      | Fixed         | 7.76%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                                   | College Ave Student Loans LLC                                                         | CUSIP: 19424KAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20654 | PA      | $20122.77     | 0.31%             | 2051-07-25      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                  | Federal National Mortgage Association                                                 | CUSIP: 31418ECZ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     28489 | PA      | $25582.13     | 0.40%             | 2042-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| TUCSON AZ COPS                                              | City of Tucson                                                                        | CUSIP: 898735UW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $11069.11     | 0.17%             | 2047-07-01      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                    | Benchmark Mortgage Trust                                                              | CUSIP: 08162WBE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     30000 | PA      | $23850.29     | 0.37%             | 2053-09-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                                                    | State of Texas                                                                        | CUSIP: 882722KF7<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |     10000 | PA      | $11228.74     | 0.17%             | 2039-04-01      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| UNIV OF NOTRE DAME                                          | University of Notre Dame du Lac                                                       | CUSIP: 914748AA6<br>LEI: XV74408A6JGDG5126L34 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8302.71      | 0.13%             | 2048-02-15      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                    | Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc.                                  | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $13400.44     | 0.21%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BAYLOR SCOTT & WHITE HOL                                    | Baylor Scott & White Holdings                                                         | CUSIP: 072863AH6<br>LEI: 549300JQDKSBWYRGGV95 | Long             | DBT              | CORP              | US        |      5000 | PA      | $3966.20      | 0.06%             | 2030-11-15      | Fixed         | 1.78%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                            | Bank of Montreal                                                                      | CUSIP: 06368LGV2<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $10182.31     | 0.16%             | 2028-02-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                              | Federal National Mortgage Association-Aces                                            | CUSIP: 3136B3XY1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24261 | PA      | $23705.51     | 0.37%             | 2028-09-25      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| RAYMOND JAMES FINANCIAL                                     | Raymond James Financial, Inc.                                                         | CUSIP: 754730AH2<br>LEI: RGUZHJ05YTITL6D76949 | Long             | DBT              | CORP              | US        |     10000 | PA      | $7858.07      | 0.12%             | 2051-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SUMTER LANDING FL CDD RECREATIONAL REVENUE                  | Sumter Landing Community Development District                                         | CUSIP: 86657MBK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $8821.32      | 0.14%             | 2047-10-01      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| HUB International Ltd                                       | HUB International Ltd.                                                                | CUSIP: 44332PAD3<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14850.45     | 0.23%             | 2026-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                                       | Continental Resources, Inc.                                                           | CUSIP: 212015AS0<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23721.52     | 0.37%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                           | State Street Corp.                                                                    | CUSIP: 857477BU6<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24494.77     | 0.38%             | 2033-05-13      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| EAGLE MATERIALS                                             | Eagle Materials, Inc.                                                                 | CUSIP: 26969PAB4<br>LEI: 529900KRXRGXL61SG039 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8150.02      | 0.13%             | 2031-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                                    | Targa Resources Partners LP/Targa Resources Partners Finance Corp.                    | CUSIP: 87612BBS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $18785.20     | 0.29%             | 2031-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                  | Intel Corp.                                                                           | CUSIP: 458140CA6<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4766.46      | 0.07%             | 2032-08-05      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                          | Ally Financial, Inc.                                                                  | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     15000 | PA      | $12337.50     | 0.19%             | 2026-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| OVINTIV EXPLORATION INC                                     | Ovintiv Exploration, Inc.                                                             | CUSIP: 651290AR9<br>LEI: T8W3X1PFLPW2YE0UIP44 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15078.74     | 0.23%             | 2026-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                                 | Southern Co.                                                                          | CUSIP: 842587DF1<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23783.25     | 0.37%             | 2051-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                          | Realty Income Corp.                                                                   | CUSIP: 756109BJ2<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |     15000 | PA      | $13257.12     | 0.20%             | 2028-06-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                  | Federal National Mortgage Association                                                 | CUSIP: 3140XHK97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27876 | PA      | $27508.46     | 0.43%             | 2046-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                    | Ford Motor Credit Co. LLC                                                             | CUSIP: 345397A45<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     14000 | PA      | $13185.20     | 0.20%             | 2027-01-09      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| GAINESVILLE FL SPL OBLG                                     | City of Gainesville                                                                   | CUSIP: 362835CG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $11615.09     | 0.18%             | 2040-10-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                         | CDW LLC/CDW Finance Corp.                                                             | CUSIP: 12513GBH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4390.10      | 0.07%             | 2028-12-01      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                         | Global Payments, Inc.                                                                 | CUSIP: 37940XAB8<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13291.50     | 0.21%             | 2029-08-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                  | Federal National Mortgage Association                                                 | CUSIP: 3140X6LH2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     33683 | PA      | $29953.38     | 0.46%             | 2046-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                                    | Burford Capital Global Finance LLC                                                    | CUSIP: 12116LAC3<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8996.81      | 0.14%             | 2030-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                                       | Continental Resources, Inc.                                                           | CUSIP: 212015AN1<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14697.44     | 0.23%             | 2024-06-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                      | U.S. Treasury Bonds                                                                   | CUSIP: 912810TK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      8000 | PA      | $7533.75      | 0.12%             | 2042-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| JOHNS HOPKINS HEALTH SYS                                    | Johns Hopkins Health System Corp.                                                     | CUSIP: 478111AC1<br>LEI: 549300D81FCFUS7TQR04 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4302.39      | 0.07%             | 2046-05-15      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                         | New Residential Mortgage Loan Trust                                                   | CUSIP: 64828FAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     76698 | PA      | $74170.33     | 1.15%             | 2048-01-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                      | BP Capital Markets America, Inc.                                                      | CUSIP: 10373QBK5<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4843.85      | 0.07%             | 2027-04-06      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                              | Carvana Auto Receivables Trust                                                        | CUSIP: 14687GAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15000 | PA      | $13653.79     | 0.21%             | 2028-06-12      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| MILEAGE PLUS HLDINGS LLC                                    | Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd.              | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     18000 | PA      | $18185.58     | 0.28%             | 2027-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Truist Bank                                                 | Truist Bank                                                                           | CUSIP: 07330MAC1<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18850.26     | 0.29%             | 2029-09-17      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT | Golden State Tobacco Securitization Corp.                                             | CUSIP: 38122NB50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $8446.05      | 0.13%             | 2034-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| CAL Funding IV Ltd                                          | CAL Funding IV Ltd.                                                                   | CUSIP: 12807CAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | BM        |     12025 | PA      | $10722.51     | 0.17%             | 2045-09-25      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| ISTAR INC                                                   | iStar, Inc.                                                                           | CUSIP: 45031UCG4<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | DBT              |  | US        |     30000 | PA      | $29775.00     | 0.46%             | 2025-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO INC                                         | Sirius XM Radio, Inc.                                                                 | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13351.50     | 0.21%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION                               | Texas Transportation Commission                                                       | CUSIP: 882830BH4<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |     10000 | PA      | $7273.11      | 0.11%             | 2044-10-01      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH WTR POLL CONTROL REVENUE               | Ohio Water Development Authority Water Pollution Control Loan Fund                    | CUSIP: 67766WQG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35795.87     | 0.55%             | 2034-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY INDIANA LLC                                     | Duke Energy Indiana LLC                                                               | CUSIP: 26443TAC0<br>LEI: 6URPHM2EAWGJ2C6ISB97 | Long             | DBT              | CORP              | US        |     15000 | PA      | $10112.86     | 0.16%             | 2050-04-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                      | U.S. Treasury Notes                                                                   | CUSIP: 91282CGC9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      9000 | PA      | $9087.19      | 0.14%             | 2027-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                      | U.S. Treasury Notes                                                                   | CUSIP: 91282CCW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    330000 | PA      | $296484.38    | 4.58%             | 2026-08-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                    | Charter Communications Operating LLC/Charter Communications Operating Capital         | CUSIP: 161175BZ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $3500.16      | 0.05%             | 2041-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Asset Backed Securities Trust                  | Bear Stearns Asset-Backed Securities Trust                                            | CUSIP: 07384YNA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     51592 | PA      | $50079.29     | 0.77%             | 2033-10-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| MARSHFIELD CLINIC HEALTH                                    | Marshfield Clinic Health System, Inc.                                                 | CUSIP: 57284PAA9<br>LEI: 2549003O8PPHLLPAKT93 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4269.09      | 0.07%             | 2030-02-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Credit-Based Asset Servicing and Securitization             | Salomon Mortgage Loan Trust                                                           | CUSIP: 12489WDZ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     29484 | PA      | $30072.78     | 0.46%             | 2033-11-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                        | Bank of America Corp.                                                                 | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18672.88     | 0.29%             | 2028-12-20      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| PALM SPRINGS CA FING AUTH LEASE REVENUE                     | Palm Springs Financing Authority                                                      | CUSIP: 69666JJF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $12283.87     | 0.19%             | 2034-11-01      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                          | Chase Mortgage Finance Corp.                                                          | CUSIP: 16164AAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16278 | PA      | $14409.88     | 0.22%             | 2045-12-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REVENUE                          | New York State Urban Development Corp.                                                | CUSIP: 6500358W1<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |     10000 | PA      | $9558.30      | 0.15%             | 2033-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| AON CORP/AON GLOBAL HOLD                                    | Aon Corp./Aon Global Holdings PLC                                                     | CUSIP: 03740LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $8161.84      | 0.13%             | 2031-08-23      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| ADVENTHEALTH OBL GRP                                        | AdventHealth Obligated Group                                                          | CUSIP: 00778XAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $6815.39      | 0.11%             | 2051-11-15      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| Greenpoint Mortgage Pass-Through Certificates               | Greenpoint Mortgage Pass-Through Certificates                                         | CUSIP: 395387AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     27775 | PA      | $26143.41     | 0.40%             | 2033-10-25      | Variable      | 3.76%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                               | State of California                                                                   | CUSIP: 13063A7D0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $12742.91     | 0.20%             | 2039-10-01      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| UNIV OF NOTRE DAME                                          | University of Notre Dame du Lac                                                       | CUSIP: 914744AD9<br>LEI: XV74408A6JGDG5126L34 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4245.54      | 0.07%             | 2045-02-15      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                      | Extra Space Storage LP                                                                | CUSIP: 30225VAG2<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |      5000 | PA      | $3949.80      | 0.06%             | 2032-03-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                  | Federal National Mortgage Association                                                 | CUSIP: 3138XBXW9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14253 | PA      | $14031.88     | 0.22%             | 2043-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITIZENS BANK NA/RI                                         | Citizens Bank NA                                                                      | CUSIP: 75524KPG3<br>LEI: DRMSV1Q0EKMEXLAU1P80 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9914.78      | 0.15%             | 2028-08-09      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Brean Asset Backed Securities Trust                         | Brean Asset-Backed Securities Trust                                                   | CUSIP: 10638MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     43113 | PA      | $38008.13     | 0.59%             | 2061-10-25      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING                                     | DCP Midstream Operating LP                                                            | CUSIP: 23311VAJ6<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19283.41     | 0.30%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                         | JPMorgan Chase & Co.                                                                  | CUSIP: 46647PBX3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     15000 | PA      | $12023.86     | 0.19%             | 2032-02-04      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Bank                                                        | Bank                                                                                  | CUSIP: 06541XAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     44420 | PA      | $42727.29     | 0.66%             | 2060-09-15      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                        | Royal Bank of Canada                                                                  | CUSIP: 78016FZX5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $10119.95     | 0.16%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CIGNA CORP                                                  | Cigna Corp.                                                                           | CUSIP: 125523CQ1<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |     10000 | PA      | $7562.12      | 0.12%             | 2051-03-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| FINANCE OF AMERICA STRUCTUR                                 | Finance of America Structured Securities Trust                                        | CUSIP: 31739LAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     59270 | PA      | $61228.38     | 0.95%             | 2069-09-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                   | Boeing Co.                                                                            | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13838.29     | 0.21%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                  | Federal National Mortgage Association                                                 | CUSIP: 3140J72S3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24587 | PA      | $22836.33     | 0.35%             | 2048-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| US AIRWAYS 2012-1A PTT                                      | U.S. Airways Pass-Through Trust                                                       | CUSIP: 90345WAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15837 | PA      | $15406.47     | 0.24%             | 2024-10-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                         | COMM Mortgage Trust                                                                   | CUSIP: 12655TBM0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20000 | PA      | $17762.06     | 0.27%             | 2057-08-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| US AIRWAYS 2012-2A PTT                                      | U.S. Airways Pass-Through Trust                                                       | CUSIP: 90345WAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6440 | PA      | $5955.27      | 0.09%             | 2025-06-03      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ESSEX PORTFOLIO LP                                          | Essex Portfolio LP                                                                    | CUSIP: 29717PAZ0<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              |  | US        |     15000 | PA      | $12342.18     | 0.19%             | 2031-06-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                  | Federal National Mortgage Association                                                 | CUSIP: 3140J5MF3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20188 | PA      | $18485.19     | 0.29%             | 2037-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE        | New York State Dormitory Authority                                                    | CUSIP: 649902T37<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5384.17      | 0.08%             | 2040-03-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE OKLAHOMA                                     | Public Service Co. of Oklahoma                                                        | CUSIP: 744533BQ2<br>LEI: F3TJNSIZRGXRH8GEIK79 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15491.34     | 0.24%             | 2033-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Conseco Financial Corp                                      | Conseco Finance Corp.                                                                 | CUSIP: 393505N99<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1967 | PA      | $1964.78      | 0.03%             | 2030-09-01      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE            | Massachusetts School Building Authority                                               | CUSIP: 576000XQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $8463.73      | 0.13%             | 2040-10-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.            | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates     | CUSIP: 3137FUZH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     52795 | PA      | $43006.45     | 0.66%             | 2035-01-25      | Fixed         | 1.24%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                            | Altice France SA                                                                      | CUSIP: 02156LAE1<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |     30000 | PA      | $23512.80     | 0.36%             | 2029-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                  | Federal National Mortgage Association                                                 | CUSIP: 3140XJXT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     49698 | PA      | $46047.03     | 0.71%             | 2048-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RADIAN GROUP INC                                            | Radian Group, Inc.                                                                    | CUSIP: 750236AW1<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9512.20      | 0.15%             | 2027-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                           | Sierra Timeshare Receivables Funding LLC                                              | CUSIP: 82652QAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7299 | PA      | $6741.57      | 0.10%             | 2037-11-20      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                                 | City of New York                                                                      | CUSIP: 64966HTX8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10983.92     | 0.17%             | 2036-12-01      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| CENTRL PUGET SOUND WA REGL TRANSIT AUTH SALES & USE TAX     | Central Puget Sound Regional Transit Authority                                        | CUSIP: 15504RET2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5502.24      | 0.09%             | 2039-11-01      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| SPIRIT LOYALTY KY LTD/IP                                    | Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd.                                      | CUSIP: 84859BAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     10000 | PA      | $10224.80     | 0.16%             | 2025-09-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Prime Mortgage Trust                                        | Prime Mortgage Trust                                                                  | CUSIP: 74160MDK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     29829 | PA      | $28882.56     | 0.45%             | 2034-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                                  | PacifiCorp                                                                            | CUSIP: 695114CZ9<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5292.54      | 0.08%             | 2053-12-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                           | Eversource Energy                                                                     | CUSIP: 30040WAR9<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9995.67      | 0.15%             | 2027-07-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                         | New Residential Mortgage Loan Trust                                                   | CUSIP: 64829KBV1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     46795 | PA      | $44239.05     | 0.68%             | 2057-03-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CEDARS-SINAI HEALTH SYS                                     | Cedars-Sinai Health System                                                            | CUSIP: 15073LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $8341.41      | 0.13%             | 2031-08-15      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                  | JPMBB Commercial Mortgage Securities Trust                                            | CUSIP: 46644UBB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     30070 | PA      | $29364.21     | 0.45%             | 2048-07-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| Residential Funding Mtg Sec I                               | Residential Funding Mtg Sec I Trust                                                   | CUSIP: 76111XRB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13754 | PA      | $12552.37     | 0.19%             | 2034-12-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Conseco Financial Corp                                      | Conseco Finance Corp.                                                                 | CUSIP: 393505SK9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     41458 | PA      | $41425.53     | 0.64%             | 2028-03-15      | Variable      | 7.22%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                               | Citigroup, Inc.                                                                       | CUSIP: 172967ML2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     20000 | PA      | $17176.64     | 0.27%             | 2031-01-29      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| Citicorp Residential Mortgage Securities, Inc.              | Citicorp Residential Mortgage Trust                                                   | CUSIP: 173109AE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     16720 | PA      | $16398.43     | 0.25%             | 2037-03-25      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                         | New Residential Mortgage Loan Trust                                                   | CUSIP: 64829DAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     26224 | PA      | $25048.07     | 0.39%             | 2054-11-25      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES                                       | TransCanada PipeLines Ltd.                                                            | CUSIP: 89352HBC2<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $8295.55      | 0.13%             | 2031-10-12      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                    | Charter Communications Operating LLC/Charter Communications Operating Capital         | CUSIP: 161175BK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $14244.18     | 0.22%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.            | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates     | CUSIP: 3137FQJY0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     13371 | PA      | $11973.53     | 0.19%             | 2034-07-25      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                | Centene Corp.                                                                         | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13186.80     | 0.20%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                | Navient Corp.                                                                         | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13688.74     | 0.21%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 21-1B PTT                                      | American Airlines Pass-Through Trust                                                  | CUSIP: 02376LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     14325 | PA      | $12046.99     | 0.19%             | 2030-07-11      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                         | COMM Mortgage Trust                                                                   | CUSIP: 12591KAG0<br>LEI: 549300MGZ5FI5VFL1177 | Long             | ABS-MBS          | CORP              | US        |     10000 | PA      | $9200.22      | 0.14%             | 2046-10-10      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                      | BP Capital Markets America, Inc.                                                      | CUSIP: 10373QBP4<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |     10000 | PA      | $7115.36      | 0.11%             | 2051-06-04      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                                            | Commonwealth of Massachusetts                                                         | CUSIP: 57582RG34<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |      5000 | PA      | $3809.28      | 0.06%             | 2041-07-01      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES INC                                    | Agilent Technologies, Inc.                                                            | CUSIP: 00846UAN1<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8369.55      | 0.13%             | 2031-03-12      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Rocket Mortgage LLC                                         | Rocket Mortgage LLC                                                                   | CUSIP: 74840LAB8<br>LEI: 549300FGXN1K3HLB1R50 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13687.50     | 0.21%             | 2028-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                      | Velocity Commercial Capital Loan Trust                                                | CUSIP: 92257CAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25743 | PA      | $21066.30     | 0.33%             | 2049-03-25      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                    | Benchmark Mortgage Trust                                                              | CUSIP: 08163LAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000 | PA      | $8204.88      | 0.13%             | 2053-12-17      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                     | Goldman Sachs Group, Inc.                                                             | CUSIP: 38141GXR0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     10000 | PA      | $7984.05      | 0.12%             | 2032-01-27      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| BROADCOM CRP / CAYMN FI                                     | Broadcom Corp./Broadcom Cayman Finance Ltd.                                           | CUSIP: 11134LAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     15000 | PA      | $14432.12     | 0.22%             | 2027-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                      | U.S. Treasury Notes                                                                   | CUSIP: 91282CFB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     10000 | PA      | $9610.55      | 0.15%             | 2027-07-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                              | Federal National Mortgage Association-Aces                                            | CUSIP: 3136B35Z9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10000 | PA      | $9630.22      | 0.15%             | 2031-02-25      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                         | Exeter Automobile Receivables Trust                                                   | CUSIP: 30165JAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $23064.59     | 0.36%             | 2028-01-17      | Fixed         | 1.96%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                      | Santander Drive Auto Receivables Trust                                                | CUSIP: 802918AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15000 | PA      | $14879.85     | 0.23%             | 2026-11-16      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                      | U.S. Treasury Notes                                                                   | CUSIP: 91282CDB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     50000 | PA      | $46951.17     | 0.73%             | 2024-10-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                               | State of California                                                                   | CUSIP: 13063BFR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $19873.09     | 0.31%             | 2040-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA                                    | SeaWorld Parks & Entertainment, Inc.                                                  | CUSIP: 81282UAC6<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30785.24     | 0.48%             | 2025-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                                 | City of New York                                                                      | CUSIP: 64966JAR7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5715.95      | 0.09%             | 2037-12-01      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING AUTH REVENUE                   | California Health Facilities Financing Authority                                      | CUSIP: 13032UD88<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |     10000 | PA      | $9574.68      | 0.15%             | 2037-06-01      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                 | Federal Home Loan Mortgage Corp.                                                      | CUSIP: 3132DN3X9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     29274 | PA      | $27033.13     | 0.42%             | 2049-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                  | Navient Private Education Refi Loan Trust                                             | CUSIP: 63941CAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     12952 | PA      | $12798.48     | 0.20%             | 2059-12-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc                                           | Newell Brands, Inc.                                                                   | CUSIP: 651229AY2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     15000 | PA      | $12467.85     | 0.19%             | 2046-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| QORVO INC                                                   | Qorvo, Inc.                                                                           | CUSIP: 74736KAH4<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13537.50     | 0.21%             | 2029-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                                      | VICI Properties LP/VICI Note Co., Inc.                                                | CUSIP: 92564RAJ4<br>LEI: N/A                  | Long             | DBT              |  | US        |     25000 | PA      | $24868.75     | 0.38%             | 2027-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                      | U.S. Treasury Bonds                                                                   | CUSIP: 912810TD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    265000 | PA      | $197487.11    | 3.05%             | 2052-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                      | U.S. Treasury Bonds                                                                   | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     81000 | PA      | $69255.00     | 1.07%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| MED Trust                                                   | Med Trust                                                                             | CUSIP: 58403YAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14956 | PA      | $14543.81     | 0.22%             | 2038-11-15      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                      | U.S. Treasury Bonds                                                                   | CUSIP: 912810TJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     71000 | PA      | $62335.78     | 0.96%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST SPL OBLG REVENUE                           | Commonwealth of Massachusetts                                                         | CUSIP: 576004HG3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |      5000 | PA      | $4940.54      | 0.08%             | 2031-07-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| ServiceMaster Brands                                        | ServiceMaster Funding LLC                                                             | CUSIP: 81761TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     24500 | PA      | $20503.24     | 0.32%             | 2051-01-30      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                                         | PFS Financing Corp.                                                                   | CUSIP: 69335PEF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20000 | PA      | $19006.03     | 0.29%             | 2027-02-15      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                                    | American Airlines, Inc./AAdvantage Loyalty IP Ltd.                                    | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     25000 | PA      | $24499.90     | 0.38%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK                                    | Huntington National Bank                                                              | CUSIP: 44644MAJ0<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10384.30     | 0.16%             | 2030-01-10      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                      | U.S. Treasury Bonds                                                                   | CUSIP: 912810TC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     60000 | PA      | $45400.78     | 0.70%             | 2041-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Trinity Health Corp                                         | Trinity Health Corp.                                                                  | CUSIP: 896516AA9<br>LEI: TWSRHFGEDJDX0GKMGJ67 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8987.00      | 0.14%             | 2045-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                      | U.S. Treasury Notes                                                                   | CUSIP: 91282CEE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    224000 | PA      | $208530.00    | 3.22%             | 2029-03-31      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                    | BX Trust                                                                              | CUSIP: 05608UAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20000 | PA      | $19993.73     | 0.31%             | 2039-10-15      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                           | Lithia Motors, Inc.                                                                   | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |     25000 | PA      | $21242.00     | 0.33%             | 2029-06-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMERICO LIFE INC                                            | Americo Life, Inc.                                                                    | CUSIP: 03060NAD2<br>LEI: 549300B5C1FRFHBYW144 | Long             | DBT              | CORP              | US        |     10000 | PA      | $7868.99      | 0.12%             | 2031-04-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                      | CHL Mortgage Pass-Through Trust                                                       | CUSIP: 12669FRW5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     19383 | PA      | $18291.67     | 0.28%             | 2034-05-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                                 | City of New York                                                                      | CUSIP: 64966H4K3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16107.86     | 0.25%             | 2037-10-01      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| SPIRIT LOYALTY KY LTD/IP                                    | Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd.                                      | CUSIP: 84859BAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     30000 | PA      | $30525.00     | 0.47%             | 2025-09-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                              | Morgan Stanley                                                                        | CUSIP: 61747YEC5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8910.63      | 0.14%             | 2027-07-20      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                         | Fifth Third Bancorp                                                                   | CUSIP: 316773DG2<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24651.27     | 0.38%             | 2030-07-28      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| ALABAMA FEDERAL AID HIGHWAY FIN AUTH SPL OBLIG REVENUE      | Alabama Federal Aid Highway Finance Authority                                         | CUSIP: 010268CX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $20123.08     | 0.31%             | 2037-09-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                  | Federal National Mortgage Association                                                 | CUSIP: 3140XGKR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     44261 | PA      | $41051.19     | 0.63%             | 2048-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH                                    | Oklahoma Development Finance Authority                                                | CUSIP: 6789084F8<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |     10000 | PA      | $9862.13      | 0.15%             | 2033-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                      | Bank of New York Mellon Corp.                                                         | CUSIP: 06406RBH9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9650.27      | 0.15%             | 2033-06-13      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                | Barclays PLC                                                                          | CUSIP: 06738ECD5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |      5000 | PA      | $5414.36      | 0.08%             | 2028-11-02      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Mid-State Trust                                             | Mid-State Capital Corp. Trust                                                         | CUSIP: 59548PAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     42486 | PA      | $41705.25     | 0.64%             | 2040-10-15      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH     | Louisiana Local Government Environmental Facilities & Community Development Authority | CUSIP: 54627RAM2<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |     15000 | PA      | $14581.90     | 0.23%             | 2033-02-01      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                                        | Freeport-McMoRan, Inc.                                                                | CUSIP: 35671DCE3<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23708.75     | 0.37%             | 2028-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                            | SMB Private Education Loan Trust                                                      | CUSIP: 78449XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     11991 | PA      | $10809.07     | 0.17%             | 2053-07-15      | Fixed         | 1.29%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                                    | Delta Air Lines, Inc./SkyMiles IP Ltd.                                                | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     10000 | PA      | $9728.86      | 0.15%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                  | Federal National Mortgage Association                                                 | CUSIP: 31417Y3A3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20988 | PA      | $21328.38     | 0.33%             | 2031-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST WTR RESOURCES AUTH                         | Massachusetts Water Resources Authority                                               | CUSIP: 576051ZT6<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |      5000 | PA      | $4029.36      | 0.06%             | 2041-08-01      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                  | U.S. Bancorp                                                                          | CUSIP: 91159HJJ0<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10709.96     | 0.17%             | 2033-10-21      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| ISTAR INC                                                   | iStar, Inc.                                                                           | CUSIP: 45031UCJ8<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | DBT              |  | US        |     63000 | PA      | $63472.50     | 0.98%             | 2026-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                      | Santander Drive Auto Receivables Trust                                                | CUSIP: 80285VAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20000 | PA      | $18574.22     | 0.29%             | 2027-10-15      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                      | U.S. Treasury Bonds                                                                   | CUSIP: 912810SP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     83000 | PA      | $49874.57     | 0.77%             | 2050-08-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE              | New York City Transitional Finance Authority Future Tax Secured Revenue               | CUSIP: 64971M4P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15938.04     | 0.25%             | 2037-08-01      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                                    | Healthcare Realty Holdings LP                                                         | CUSIP: 42225UAK0<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              |  | US        |     25000 | PA      | $22549.94     | 0.35%             | 2028-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                    | Capital One Financial Corp.                                                           | CUSIP: 14040HCF0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     25000 | PA      | $21710.37     | 0.34%             | 2026-09-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA VLY CA TRANSPRTN AUTH SALES TAX REVENUE         | Santa Clara Valley Transportation Authority                                           | CUSIP: 80168NEP0<br>LEI: 549300R6Q7T4MD3V9H68 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15815.67     | 0.24%             | 2032-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ COPS                                               | City of Tempe                                                                         | CUSIP: 87971LAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $7728.66      | 0.12%             | 2036-07-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF ADMIN FIN CORP REVENUE                    | State Board of Administration Finance Corp.                                           | CUSIP: 341271AF1<br>LEI: 549300S34SOJ0RULXM35 | Long             | DBT              | MUN               | US        |     15000 | PA      | $12580.83     | 0.19%             | 2030-07-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                      | U.S. Treasury Notes                                                                   | CUSIP: 91282CEP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    217000 | PA      | $206082.19    | 3.19%             | 2032-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Bank                                                        | Bank                                                                                  | CUSIP: 06540YAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25000 | PA      | $20520.42     | 0.32%             | 2063-03-15      | Fixed         | 1.84%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                  | Navient Private Education Refi Loan Trust                                             | CUSIP: 63942GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15603 | PA      | $13322.35     | 0.21%             | 2070-02-18      | Fixed         | 1.11%                 | No            |                  2 | On Loan: No      |
| PARSLEY ENERGY LLC/FINAN                                    | Parsley Energy LLC/Parsley Finance Corp.                                              | CUSIP: 701885AJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $13909.01     | 0.21%             | 2028-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC                                        | Howmet Aerospace, Inc.                                                                | CUSIP: 022249AU0<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26231.13     | 0.41%             | 2028-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pass-Through Certifica           | FRESB Mortgage Trust                                                                  | CUSIP: 30308AAH6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     11866 | PA      | $11133.97     | 0.17%             | 2027-11-25      | Variable      | 3.16%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust                                    | Octane Receivables Trust                                                              | CUSIP: 67578AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     18110 | PA      | $17263.02     | 0.27%             | 2028-09-20      | Fixed         | 1.21%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate Mortgage Trust                 | Bear Stearns ARM Trust                                                                | CUSIP: 07384M6H0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11595 | PA      | $10879.82     | 0.17%             | 2035-02-25      | Variable      | 3.72%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                  | Federal National Mortgage Association                                                 | CUSIP: 31418CEF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     30103 | PA      | $27961.07     | 0.43%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                                    | Healthcare Realty Holdings LP                                                         | CUSIP: 42225UAG9<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              |  | US        |     10000 | PA      | $8696.29      | 0.13%             | 2030-02-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                            | Bank of Montreal                                                                      | CUSIP: 06368BGS1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $9139.36      | 0.14%             | 2032-12-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                  | Navient Private Education Loan Trust                                                  | CUSIP: 63939NAB9<br>LEI: 549300JSCKIU587G1R13 | Long             | ABS-O            | CORP              | US        |     26276 | PA      | $25512.02     | 0.39%             | 2045-12-15      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                      | Verizon Communications, Inc.                                                          | CUSIP: 92343VGB4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     15000 | PA      | $11554.91     | 0.18%             | 2051-03-22      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                      | Santander Holdings USA, Inc.                                                          | CUSIP: 80282KAP1<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9711.92      | 0.15%             | 2027-07-13      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| FINANCE AMER STRUCTURED SECS                                | Finance of America Structured Securities Trust                                        | CUSIP: 31740CAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     34997 | PA      | $34784.18     | 0.54%             | 2050-03-25      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| DALLAS TX WTRWKS & SWR SYS REVENUE                          | City of Dallas Waterworks & Sewer System Revenue                                      | CUSIP: 23542JRC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $11601.15     | 0.18%             | 2040-10-01      | Fixed         | 2.77%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-1 AA PTT                                    | American Airlines Pass-Through Trust                                                  | CUSIP: 02376UAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20719 | PA      | $18735.92     | 0.29%             | 2028-01-15      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY INC                                         | Cheniere Energy, Inc.                                                                 | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14289.75     | 0.22%             | 2028-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                      | U.S. Treasury Notes                                                                   | CUSIP: 912828Z78<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    226000 | PA      | $207249.06    | 3.20%             | 2027-01-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                            | SMB Private Education Loan Trust                                                      | CUSIP: 83189DAB6<br>LEI: 549300NWENTZ8X7JUC78 | Long             | ABS-O            | CORP              | US        |     12846 | PA      | $12284.00     | 0.19%             | 2035-10-15      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| TEACHERS INSUR & ANNUITY                                    | Teachers Insurance & Annuity Association of America                                   | CUSIP: 878091BG1<br>LEI: O06XD7BJ4EPXNABVFN69 | Long             | DBT              | CORP              | US        |     10000 | PA      | $7488.09      | 0.12%             | 2050-05-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| KEY BANK NA                                                 | KeyBank NA                                                                            | CUSIP: 49327M3H5<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9989.86      | 0.15%             | 2033-01-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                                    | Vantage Data Centers LLC                                                              | CUSIP: 92212KAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     14488 | PA      | $13876.59     | 0.21%             | 2044-07-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA SWR REVENUE                                    | County of King Sewer Revenue                                                          | CUSIP: 495290EE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $6992.03      | 0.11%             | 2047-07-01      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| DALLAS TX AREA RAPID TRANSIT SALES TAX REVENUE              | Dallas Area Rapid Transit                                                             | CUSIP: 235241WM4<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |     15000 | PA      | $10964.69     | 0.17%             | 2048-12-01      | Fixed         | 2.61%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                         | JPMorgan Chase & Co.                                                                  | CUSIP: 46647PBT2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8943.95      | 0.14%             | 2026-11-19      | Fixed         | 1.04%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                 | Indianapolis Local Public Improvement Bond Bank                                       | CUSIP: 45528S5R3<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26174.58     | 0.40%             | 2030-01-15      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                              | Federal National Mortgage Association-Aces                                            | CUSIP: 3136BGFQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10000 | PA      | $8167.72      | 0.13%             | 2031-07-25      | Variable      | 1.71%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                                             | CLI Funding VIII LLC                                                                  | CUSIP: 12565KAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9115 | PA      | $8044.97      | 0.12%             | 2047-01-18      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| GSAMP Trust                                                 | GSAMP Trust                                                                           | CUSIP: 36228FYS9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     49523 | PA      | $46899.05     | 0.72%             | 2033-07-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                     | Goldman Sachs Group, Inc.                                                             | CUSIP: 38141GZK3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9145.66      | 0.14%             | 2028-02-24      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                     | MPLX LP                                                                               | CUSIP: 55336VBN9<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4851.32      | 0.07%             | 2027-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DUKE UNIVERSITY                                             | Duke University                                                                       | CUSIP: 26442TAG2<br>LEI: FY5ICUIRRDCHN4HHL592 | Long             | DBT              | CORP              | US        |     10000 | PA      | $6801.54      | 0.11%             | 2050-10-01      | Fixed         | 2.76%                 | No            |                  2 | On Loan: No      |
| Mid-State Trust                                             | Mid-State Capital Corp. Trust                                                         | CUSIP: 59548PAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     19761 | PA      | $20237.17     | 0.31%             | 2040-10-15      | Fixed         | 8.31%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                    | Benchmark Mortgage Trust                                                              | CUSIP: 08163LAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000 | PA      | $7964.69      | 0.12%             | 2053-12-17      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                                           | Expedia Group, Inc.                                                                   | CUSIP: 30212PBK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $29485.86     | 0.46%             | 2027-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                              | Hyundai Auto Receivables Trust                                                        | CUSIP: 44935FAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15000 | PA      | $13609.62     | 0.21%             | 2028-06-15      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST SPL OBLG REVENUE                           | Commonwealth of Massachusetts                                                         | CUSIP: 576004HE8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     15000 | PA      | $14496.02     | 0.22%             | 2029-07-15      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-15

**Name of Applicant:** AMERICAN BEACON FUNDS

**Signature:** Sonia Bates

**Name of Signer:** Sonia Bates

**Title:** Treasurer