# EDGAR Filing Document

**Accession Number:** 0000886244
**File Stem:** 0001752724-23-025222
**Filing Date:** 2023-2
**Character Count:** 133324
**Document Hash:** 943b9a09a8308983bb9b1e956937d3e5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-025222.hdr.sgml**: 20230215

**ACCESSION NUMBER**: 0001752724-23-025222

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230215

**DATE AS OF CHANGE**: 20230215

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UBS FUNDS
- **CENTRAL INDEX KEY:** 0000886244
- **IRS NUMBER:** 367056204
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06637
- **FILM NUMBER:** 23633904

**BUSINESS ADDRESS:**
- **STREET 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) INC
- **STREET 2:** ONE NORTH WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-525-7100

**MAIL ADDRESS:**
- **STREET 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) INC
- **STREET 2:** ONE NORTH WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BRINSON FUNDS INC
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### UBS GLOBAL ALLOCATION FUND (Series ID: S000002979)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000008182 | CLASS A      | BNGLX           |
| C000008185 | CLASS P      | BPGLX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** UBS FUNDS

- **b. Investment Company Act file number:** 811-06637

- **c. CIK number of Registrant:** 0000886244

- **d. LEI of Registrant:** 549300N85N4CCOEZQJ49

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

  - **Street Address 1:** ONE NORTH WACKER DR.

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-525-7100

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

- **a. Name of Series:** UBS GLOBAL ALLOCATION FUND

- **b. EDGAR series identifier (if any):** S000002979

- **c. LEI of Series:** 549300BJHWLZT9BPJI53

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

- **a. Date of fiscal year-end:** 2023-06-30

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $187913537.56

**Total Liabilities:** $11714944.59

**Net Assets:** $176198592.97

**Cash Not Reported:** $5181723.57

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -51.06000000 | **1-Year:** -397.53000000 | **5-Year:** -4492.09000000 | **10-Year:** -17288.23000000 | **30-Year:** -5900.31000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000008182 | 3.34%                | 4.30%                | -2.35%               |
| Class ID C000008185 | 3.33%                | 4.36%                | -2.37%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-990155.38              | $5895972.02                                |
| Month 2  | $-420345.58              | $10849481.69                               |
| Month 3  | $1067508.32              | $-6061913.09                               |

**Designated Index Information**

- **Index Name:** 60% MSCI AC WORLD (FX) 40% CITI WGBI (FXHedged)

- **Index Identifier:** 60% MSCI AC WORLD (FX) 40% CITI WGBI (FXHedged)

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Honeywell International Inc                      | Honeywell International, Inc.                                               | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      1830 | NS      | $392169.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank PLC                                | Purchased HKD / Sold USD                                                    | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | HK        |         1 | NC      | $2491.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                                    | CUSIP: 36179WTZ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    572332 | PA      | $510490.98    | 0.29%             | 2051-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                     | Drive Auto Receivables Trust                                                | CUSIP: 26208NAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    254152 | PA      | $253531.36    | 0.14%             | 2026-06-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                       | GLS Auto Receivables Trust                                                  | CUSIP: 36255XAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     38158 | PA      | $38147.16     | 0.02%             | 2024-07-15      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                         | Angel Oak Mortgage Trust                                                    | CUSIP: 034651AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     39288 | PA      | $36546.85     | 0.02%             | 2053-04-25      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold CNY                                                    | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $1898.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQT Corp                                         | EQT Corp.                                                                   | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      3695 | NS      | $125001.85    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association, TBA                               | CUSIP: 21H032613<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    450000 | PA      | $412659.45    | 0.23%             | 2053-01-23      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                         | Purchased JPY / Sold USD                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | JP        |         1 | NC      | $35822.27     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Residential Mortgage Loan Trust                  | Residential Mortgage Loan Trust                                             | CUSIP: 76123MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     43319 | PA      | $42496.42     | 0.02%             | 2060-05-25      | Variable      | 1.65%                 | No            |                  2 | On Loan: No      |
| Albemarle Corp                                   | Albemarle Corp.                                                             | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |       562 | NS      | $121875.32    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                         | CUSIP: 912810RY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    168000 | PA      | $131072.81    | 0.07%             | 2047-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc                                   | Salesforce, Inc.                                                            | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      2789 | NS      | $369793.51    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPAN (20 YEAR ISSUE)                            | Japan Government Twenty Year Bonds                                          | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  83550000 | PA      | $597913.44    | 0.34%             | 2036-03-20      | Fixed         | 0.40%                 | No            |                  2 | On Loan: No      |
| ITOCHU Corp                                      | ITOCHU Corp.                                                                | CUSIP: 000000000<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |     25200 | NS      | $790593.25    | 0.45%             |  |  |  | No            |                  2 | On Loan: —       |
| ASX Clear (Futures)                              | Future                                                                      | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DIR              |  | AU        |        35 | NC      | $-154218.55   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Exeter Automobile Receivables Trust              | Exeter Automobile Receivables Trust                                         | CUSIP: 30167FAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    525000 | PA      | $524934.74    | 0.30%             | 2025-01-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Federal National Mortgage Association                                       | CUSIP: 31418D4X7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    715956 | PA      | $583815.55    | 0.33%             | 2051-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                         | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    370000 | PA      | $336931.25    | 0.19%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                         | Angel Oak Mortgage Trust                                                    | CUSIP: 03465CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     70296 | PA      | $57389.42     | 0.03%             | 2066-01-25      | Variable      | 0.91%                 | No            |                  2 | On Loan: No      |
| Chipotle Mexican Grill Inc                       | Chipotle Mexican Grill, Inc.                                                | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       267 | NS      | $370459.83    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange, Inc.                  | Swap                                                                        | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   7750000 | OU      | $63982.45     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Vertex Pharmaceuticals Inc                       | Vertex Pharmaceuticals, Inc.                                                | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      1929 | NS      | $557056.62    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                       | Mondelez International, Inc.                                                | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     12302 | NS      | $819928.30    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                               | Union Pacific Corp.                                                         | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      2232 | NS      | $462180.24    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                                  | McDonald's Corp.                                                            | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      1291 | NS      | $340217.23    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America N.A.                             | Purchased USD / Sold TWD                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $73265.37     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Federal Home Loan Mortgage Corp.                                            | CUSIP: 3132DMYS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    323019 | PA      | $249011.45    | 0.14%             | 2051-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Heineken Holding NV                              | Heineken Holding NV                                                         | CUSIP: 000000000<br>LEI: 724500M1WJLFM9TYBS04 | Long             | EC               | CORP              | NL        |      5597 | NS      | $432258.50    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                           | UnitedHealth Group, Inc.                                                    | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      1471 | NS      | $779894.78    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc                               | United Rentals, Inc.                                                        | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      1090 | NS      | $387407.80    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank PLC                                    | Purchased CNY / Sold USD                                                    | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | CN        |         1 | NC      | $55956.63     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| British American Tobacco PLC                     | British American Tobacco PLC                                                | CUSIP: 000000000<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     20656 | NS      | $817113.28    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Global Advisors                     | State Street Institutional US Government Money Market Fund                  | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |  25221373 | NS      | $25221373.43  | 14.31%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Federal Home Loan Mortgage Corp.                                            | CUSIP: 3133B0SS3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    511961 | PA      | $417140.97    | 0.24%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                 | Wells Fargo & Co.                                                           | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     17782 | NS      | $734218.78    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe - Financial Products Division | Future                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | GB        |        47 | NC      | $8033.72      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Auto Owner Trust                              | DT Auto Owner Trust                                                         | CUSIP: 23343GAG7<br>LEI: 549300XVMF0FUK76JG97 | Long             | ABS-O            | CORP              | US        |    158690 | PA      | $158523.84    | 0.09%             | 2024-11-15      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | Future                                                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        21 | NC      | $-36124.41    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                               | NextEra Energy, Inc.                                                        | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9768 | NS      | $816604.80    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank PLC                                | Purchased USD / Sold PHP                                                    | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |         1 | NC      | $-212038.52   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GILT                              | U.K. Gilts                                                                  | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    145000 | PA      | $94801.03     | 0.05%             | 2051-07-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| BUNDESREPUB. DEUTSCHLAND                         | Bundesrepublik Deutschland Bundesanleihe                                    | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |    150000 | PA      | $160406.54    | 0.09%             | 2044-07-04      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                                    | CUSIP: 36179RVA4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     86050 | PA      | $77887.94     | 0.04%             | 2045-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                       | AbbVie, Inc.                                                                | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     13628 | NS      | $2202421.08   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| American Credit Acceptance Receivables Trust     | American Credit Acceptance Receivables Trust                                | CUSIP: 025297AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    237764 | PA      | $235936.85    | 0.13%             | 2026-06-15      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                         | CUSIP: 912828VB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    345000 | PA      | $341388.28    | 0.19%             | 2023-05-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased MXN / Sold USD                                                    | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | MX        |         1 | NC      | $16605.06     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BUONI POLIENNALI DEL TES                         | Italy Buoni Poliennali Del Tesoro                                           | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |    129000 | PA      | $128968.72    | 0.07%             | 2037-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAP SE                                           | SAP SE                                                                      | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      6443 | NS      | $665179.68    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                 | COLT Mortgage Loan Trust                                                    | CUSIP: 19688JAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11214 | PA      | $10966.06     | 0.01%             | 2065-03-25      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust            | Westlake Automobile Receivables Trust                                       | CUSIP: 96042QAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    216590 | PA      | $215464.12    | 0.12%             | 2025-11-17      | Fixed         | 0.78%                 | No            |                  2 | On Loan: No      |
| JAPAN GOVT CPI LINKED                            | Japan Government CPI Linked Bonds                                           | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  52187000 | PA      | $412954.89    | 0.23%             | 2031-03-10      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                          | Flagstar Mortgage Trust                                                     | CUSIP: 33849NAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     63383 | PA      | $59792.96     | 0.03%             | 2048-09-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust            | Wells Fargo Commercial Mortgage Trust                                       | CUSIP: 95001NBB3<br>LEI: 5493006021R83VCLAO08 | Long             | ABS-MBS          | CORP              | US        |    130000 | PA      | $119594.36    | 0.07%             | 2051-06-15      | Variable      | 4.41%                 | No            |                  2 | On Loan: No      |
| Expedia Group Inc                                | Expedia Group, Inc.                                                         | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2365 | NS      | $207174.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased CAD / Sold USD                                                    | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | CA        |         1 | NC      | $-9033.73     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                         | CUSIP: 912828YU8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    760000 | PA      | $693054.69    | 0.39%             | 2026-11-30      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc                                | EOG Resources, Inc.                                                         | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      1823 | NS      | $236114.96    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                                  | Sony Group Corp.                                                            | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |      9500 | NS      | $724104.96    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| NIKE Inc                                         | NIKE, Inc.                                                                  | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      3124 | NS      | $365539.24    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc                         | Agilent Technologies, Inc.                                                  | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |      1811 | NS      | $271016.15    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                       | Federal National Mortgage Association                                       | CUSIP: 3140XHZZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    502668 | PA      | $442908.47    | 0.25%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BONOS Y OBLIG DEL ESTADO                         | Spain Government Bonds                                                      | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |    325000 | PA      | $326451.77    | 0.19%             | 2027-04-30      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Shell PLC                                        | Shell PLC                                                                   | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     67456 | NS      | $1901639.76   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| FRANCE (GOVT OF)                                 | French Republic Government Bonds OAT                                        | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |    100000 | PA      | $67891.97     | 0.04%             | 2040-05-25      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Splunk Inc                                       | Splunk, Inc.                                                                | CUSIP: 848637104<br>LEI: 549300XGDSGBP6UEI867 | Long             | EC               | CORP              | US        |      5412 | NS      | $465919.08    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors                     | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857492706<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |   2173745 | NS      | $2173745.05   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Micron Technology Inc                            | Micron Technology, Inc.                                                     | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      7628 | NS      | $381247.44    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                         | CUSIP: 91282CCS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    200000 | PA      | $162171.88    | 0.09%             | 2031-08-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Williams Cos Inc/The                             | Williams Cos., Inc.                                                         | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     32290 | NS      | $1062341.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CPS Auto Trust                                   | CPS Auto Receivables Trust                                                  | CUSIP: 12656NAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    111039 | PA      | $109637.04    | 0.06%             | 2026-09-15      | Fixed         | 0.83%                 | No            |                  2 | On Loan: No      |
| HubSpot Inc                                      | HubSpot, Inc.                                                               | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      1164 | NS      | $336547.32    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| New Residential Mortgage Loan Trust              | New Residential Mortgage Loan Trust                                         | CUSIP: 64828EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     26777 | PA      | $24123.41     | 0.01%             | 2059-09-25      | Variable      | 2.49%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                           | Tesla Auto Lease Trust                                                      | CUSIP: 88161FAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    425000 | PA      | $402456.51    | 0.23%             | 2025-03-20      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                       | Samsung Electronics Co. Ltd.                                                | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |      9362 | NS      | $410928.54    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                          | Swap                                                                        | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              |  | US        |  10900000 | OU      | $82147.94     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SVB Financial Group                              | SVB Financial Group                                                         | CUSIP: 78486Q101<br>LEI: 549300D2KJ20JMXE7542 | Long             | EC               | CORP              | US        |      1614 | NS      | $371445.96    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                                     | Comcast Corp.                                                               | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     20999 | NS      | $734335.03    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                                    | CUSIP: 36179RQZ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     75346 | PA      | $68199.60     | 0.04%             | 2045-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HPEFS Equipment Trust                            | HPEFS Equipment Trust                                                       | CUSIP: 40438PAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    166240 | PA      | $165443.89    | 0.09%             | 2030-07-22      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AGCO Corp                                        | AGCO Corp.                                                                  | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      1369 | NS      | $189866.61    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                      | Future                                                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        20 | NC      | $67361.40     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Drive Auto Receivables Trust                     | Drive Auto Receivables Trust                                                | CUSIP: 26208RAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    259370 | PA      | $257426.93    | 0.15%             | 2026-08-17      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust                                                  | CUSIP: 92538DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     45070 | PA      | $40854.52     | 0.02%             | 2064-02-25      | Variable      | 0.92%                 | No            |                  2 | On Loan: No      |
| BELGIUM KINGDOM                                  | Kingdom of Belgium Government Bonds                                         | CUSIP: 000000000<br>LEI: 549300SZ25JZFHRHWD76 | Long             | DBT              | NUSS              | BE        |     83000 | PA      | $94204.27     | 0.05%             | 2045-06-22      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                    | Purchased USD / Sold CHF                                                    | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |         1 | NC      | $-3860.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Micro Devices Inc                       | Advanced Micro Devices, Inc.                                                | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      6282 | NS      | $406885.14    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Financial Issuance Trust                 | OneMain Financial Issuance Trust                                            | CUSIP: 682696AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $84673.28     | 0.05%             | 2035-09-14      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| PepsiCo Inc                                      | PepsiCo, Inc.                                                               | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      1992 | NS      | $359874.72    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Santander Drive Auto Receivables Trust           | Santander Drive Auto Receivables Trust                                      | CUSIP: 80286GAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    254706 | PA      | $253100.87    | 0.14%             | 2025-07-15      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Federal Home Loan Mortgage Corp.                                            | CUSIP: 3132DMVD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    222148 | PA      | $191705.59    | 0.11%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bank of America N.A.                             | Purchased NOK / Sold USD                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | NO        |         1 | NC      | $94425.59     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Centene Corp                                     | Centene Corp.                                                               | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |      2024 | NS      | $165988.24    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. International PLC           | Purchased CAD / Sold USD                                                    | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | CA        |         1 | NC      | $-26080.47    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Alphabet Inc                                     | Alphabet, Inc.                                                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     13353 | NS      | $1178135.19   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                     | Prologis, Inc.                                                              | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |      5400 | NS      | $608742.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal       | Future                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |        -2 | NC      | $11806.79     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnoPro Holdings Inc                           | TechnoPro Holdings, Inc.                                                    | CUSIP: 000000000<br>LEI: 3538001DJ8I5PJQNHU53 | Long             | EC               | CORP              | JP        |     19400 | NS      | $516491.21    | 0.29%             |  |  |  | No            |                  2 | On Loan: —       |
| Genmab A/S                                       | Genmab AS                                                                   | CUSIP: 000000000<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |      1676 | NS      | $708604.06    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Federal National Mortgage Association                                       | CUSIP: 3140XH5A1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    509992 | PA      | $435331.29    | 0.25%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| IRELAND GOVERNMENT BOND                          | Ireland Government Bonds                                                    | CUSIP: 000000000<br>LEI: 549300KXBEJAOJ9OVF93 | Long             | DBT              | NUSS              | IE        |     48000 | PA      | $41134.03     | 0.02%             | 2045-02-18      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | Future                                                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -85 | NC      | $99485.27     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Emerging Markets Equity Opportunity Fund     | UBS Emerging Markets Equity Opportunity Fund                                | CUSIP: 90267D746<br>LEI: 549300G1CKU0JOAO1N69 | Long             | EC               | RF                | US        |   2026485 | NS      | $14448835.33  | 8.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Telegraph & Telephone Corp                | Nippon Telegraph & Telephone Corp.                                          | CUSIP: 000000000<br>LEI: 353800VHQU5VIXVUA841 | Long             | EC               | CORP              | JP        |     35200 | NS      | $1003851.39   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Bonds                                       | CUSIP: 912810RL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     53146 | PA      | $42943.58     | 0.02%             | 2045-02-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                     | CSMC Trust                                                                  | CUSIP: 126401AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     85015 | PA      | $77073.72     | 0.04%             | 2065-05-25      | Variable      | 1.21%                 | No            |                  2 | On Loan: No      |
| Block Inc                                        | Block, Inc.                                                                 | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |      2809 | NS      | $176517.56    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                      | Federal Home Loan Mortgage Corp.                                            | CUSIP: 3133B24E6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    335558 | PA      | $273686.49    | 0.16%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BUONI POLIENNALI DEL TES                         | Italy Buoni Poliennali Del Tesoro                                           | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |    170000 | PA      | $135772.60    | 0.08%             | 2031-12-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| Akamai Technologies Inc                          | Akamai Technologies, Inc.                                                   | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |      6981 | NS      | $588498.30    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED KINGDOM GILT                              | U.K. Gilts                                                                  | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     90000 | PA      | $100173.53    | 0.06%             | 2045-01-22      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Energy Select Sector SPDR Fund                   | Energy Select Sector SPDR Fund                                              | CUSIP: 81369Y506<br>LEI: 54930064FLK0RD4TRU75 | Long             | EC               | RF                | US        |     32311 | NS      | $2826243.17   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                      | Future                                                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |       -75 | NC      | $396948.95    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings Inc                 | BJ's Wholesale Club Holdings, Inc.                                          | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      4574 | NS      | $302615.84    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| OCI NV                                           | OCI NV                                                                      | CUSIP: 000000000<br>LEI: 549300NCMRGIBJYUOE57 | Long             | EC               | CORP              | NL        |     13669 | NS      | $488700.32    | 0.28%             |  |  |  | No            |                  2 | On Loan: —       |
| Lowe's Cos Inc                                   | Lowe's Cos., Inc.                                                           | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      2187 | NS      | $435737.88    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased EUR / Sold USD                                                    | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |         1 | NC      | $24205.86     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Philips NV                           | Koninklijke Philips NV                                                      | CUSIP: 000000000<br>LEI: H1FJE8H61JGM1JSGM897 | Long             | EC               | CORP              | NL        |     30613 | NS      | $460640.20    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| BUONI POLIENNALI DEL TES                         | Italy Buoni Poliennali Del Tesoro                                           | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     60000 | PA      | $50951.25     | 0.03%             | 2032-03-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| NEW ZEALAND GVT ILB                              | New Zealand Government Bonds Inflation-Linked                               | CUSIP: 000000000<br>LEI: 549300237GPHG2AI7C34 | Long             | DBT              | NUSS              | NZ        |   3901651 | PA      | $3053122.33   | 1.73%             | 2025-09-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PRADA SpA                                        | PRADA SpA                                                                   | CUSIP: 000000000<br>LEI: 8156000FE0A2DC5B7852 | Long             | EC               | CORP              | IT        |    136400 | NS      | $765723.26    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corp                                   | Microsoft Corp.                                                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      8190 | NS      | $1964125.80   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                         | CUSIP: 912810RP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     47000 | PA      | $38661.17     | 0.02%             | 2045-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Dollar Tree Inc                                  | Dollar Tree, Inc.                                                           | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |      5029 | NS      | $711301.76    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc                               | IQVIA Holdings, Inc.                                                        | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |      2434 | NS      | $498702.26    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp                               | Regal Rexnord Corp.                                                         | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |      4969 | NS      | $596180.62    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                         | CUSIP: 912828WJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    321000 | PA      | $311570.63    | 0.18%             | 2024-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Wizz Air Holdings Plc                            | Wizz Air Holdings PLC                                                       | CUSIP: 000000000<br>LEI: 213800COXGZCORLJZA85 | Long             | EC               | CORP              | JE        |     15980 | NS      | $365394.63    | 0.21%             |  |  |  | No            |                  2 | On Loan: —       |
| United States Treasury                           | U.S. Treasury Notes                                                         | CUSIP: 91282CAE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1270000 | PA      | $999678.52    | 0.57%             | 2030-08-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC           | Purchased MYR / Sold USD                                                    | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | MY        |         1 | NC      | $10856.69     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                   | Enterprise Fleet Financing LLC                                              | CUSIP: 29373KAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     42189 | PA      | $41997.48     | 0.02%             | 2025-12-22      | Fixed         | 1.78%                 | No            |                  2 | On Loan: No      |
| Constellation Brands Inc                         | Constellation Brands, Inc.                                                  | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      1818 | NS      | $421321.50    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                      | NVIDIA Corp.                                                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      1614 | NS      | $235869.96    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GLS Auto Receivables Trust                       | GLS Auto Receivables Issuer Trust                                           | CUSIP: 36261AAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     35948 | PA      | $35893.90     | 0.02%             | 2025-04-15      | Fixed         | 0.82%                 | No            |                  2 | On Loan: No      |
| Bank of America N.A.                             | Purchased USD / Sold GBP                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-87740.75    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Osaka Exchange                                   | Future                                                                      | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               |  | JP        |        29 | NC      | $-130413.68   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc                | Take-Two Interactive Software, Inc.                                         | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      6489 | NS      | $675699.57    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank PLC                                | Purchased KRW / Sold USD                                                    | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | KR        |         1 | NC      | $9505.51      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust            | Westlake Automobile Receivables Trust                                       | CUSIP: 96042HAL4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    148908 | PA      | $147936.36    | 0.08%             | 2024-11-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                       | CUSIP: 01F032617<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1375000 | PA      | $1248157.63   | 0.71%             | 2053-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Ubisoft Entertainment SA                         | Ubisoft Entertainment SA                                                    | CUSIP: 000000000<br>LEI: 969500I7C8V1LBIMSM05 | Long             | EC               | CORP              | FR        |      6744 | NS      | $190523.46    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| CANADIAN GOVERNMENT                              | Canada Government Bonds                                                     | CUSIP: 135087J96<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |    120000 | PA      | $85010.34     | 0.05%             | 2024-09-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce               | Purchased SGD / Sold USD                                                    | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | SG        |         1 | NC      | $9957.17      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BONOS Y OBLIG DEL ESTADO                         | Spain Government Bonds                                                      | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     10000 | PA      | $9541.99      | 0.01%             | 2066-07-30      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                    | Purchased BRL / Sold USD                                                    | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | BR        |         1 | NC      | $20999.68     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust            | GM Financial Automobile Leasing Trust                                       | CUSIP: 36259PAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160702 | PA      | $160424.87    | 0.09%             | 2024-07-22      | Fixed         | 1.56%                 | No            |                  2 | On Loan: No      |
| AUSTRALIAN GOVERNMENT                            | Australia Government Bonds                                                  | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |    310000 | PA      | $204324.28    | 0.12%             | 2029-04-21      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc                                 | Crown Castle, Inc.                                                          | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |      1600 | NS      | $217024.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal       | Future                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |       178 | NC      | $-430122.41   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Ocado Group PLC                                  | Ocado Group PLC                                                             | CUSIP: 000000000<br>LEI: 213800LO8F61YB8MBC74 | Long             | EC               | CORP              | GB        |     22115 | NS      | $164160.01    | 0.09%             |  |  |  | No            |                  2 | On Loan: —       |
| Marsh & McLennan Cos Inc                         | Marsh & McLennan Cos., Inc.                                                 | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      3597 | NS      | $595231.56    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                      | Walmart, Inc.                                                               | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |       695 | NS      | $98544.05     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                                     | LivaNova PLC                                                                | CUSIP: 000000000<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | GB        |      8300 | NS      | $460982.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANCE (GOVT OF)                                 | French Republic Government Bonds OAT                                        | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     93000 | PA      | $98996.30     | 0.06%             | 2045-05-25      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust              | Citigroup Commercial Mortgage Trust                                         | CUSIP: 29429MAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    345000 | PA      | $334986.38    | 0.19%             | 2036-01-10      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Universal Display Corp                           | Universal Display Corp.                                                     | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       848 | NS      | $91617.92     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                                     | Fortinet, Inc.                                                              | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      5732 | NS      | $280237.48    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                                      | MongoDB, Inc.                                                               | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |       652 | NS      | $128339.68    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                                    | CUSIP: 36179WLP1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    804876 | PA      | $697278.04    | 0.40%             | 2051-08-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Airbnb Inc                                       | Airbnb, Inc.                                                                | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |       120 | NS      | $10260.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                 | Exxon Mobil Corp.                                                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      1289 | NS      | $142176.70    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Exchange Derivatives Clearing Limited  | Future                                                                      | CUSIP: 000000000<br>LEI: 549300ZLWT3FK3F0FW61 | N/A              | DIR              |  | SG        |       -26 | NC      | $52671.59     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BONOS Y OBLIG DEL ESTADO                         | Spain Government Bonds                                                      | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     44000 | PA      | $49349.36     | 0.03%             | 2037-01-31      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Keyence Corp                                     | Keyence Corp.                                                               | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |       800 | NS      | $310595.61    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Brunswick Corp/DE                                | Brunswick Corp.                                                             | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |      3902 | NS      | $281256.16    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                           | Marvell Technology, Inc.                                                    | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9566 | NS      | $354324.64    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Eventim AG & Co KGaA                         | CTS Eventim AG & Co. KGaA                                                   | CUSIP: 000000000<br>LEI: 529900FDHSN08UBJII80 | Long             | EC               | CORP              | DE        |      8870 | NS      | $563057.86    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Federal National Mortgage Association                                       | CUSIP: 3140QNQS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    528188 | PA      | $447253.02    | 0.25%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust                                                  | CUSIP: 92538EAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     60705 | PA      | $52316.57     | 0.03%             | 2064-04-25      | Variable      | 1.02%                 | No            |                  2 | On Loan: No      |
| London Stock Exchange Group PLC                  | London Stock Exchange Group PLC                                             | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |      8525 | NS      | $732478.19    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| TJX Cos Inc/The                                  | TJX Cos., Inc.                                                              | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      4766 | NS      | $379373.60    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Extended Stay America Trust                      | Extended Stay America Trust                                                 | CUSIP: 30227FAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    146429 | PA      | $140184.43    | 0.08%             | 2038-07-15      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| FINNISH GOVERNMENT                               | Finland Government Bonds                                                    | CUSIP: 000000000<br>LEI: 743700M6Y2OQRVSBRD14 | Long             | DBT              | NUSS              | FI        |     20000 | PA      | $15733.47     | 0.01%             | 2047-04-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                | Future                                                                      | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |       189 | NC      | $-305310.60   | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Angel Oak Mortgage Trust                         | Angel Oak Mortgage Trust                                                    | CUSIP: 03464LAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     33274 | PA      | $29698.88     | 0.02%             | 2065-06-25      | Variable      | 1.47%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                | Future                                                                      | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |      -130 | NC      | $211508.15    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                              | TransDigm Group, Inc.                                                       | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       780 | NS      | $491127.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                      | Netflix, Inc.                                                               | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      1651 | NS      | $486846.88    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America N.A.                             | Purchased USD / Sold CNY                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-106230.29   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| ORIX Corp                                        | ORIX Corp.                                                                  | CUSIP: 000000000<br>LEI: 35380016EMHNBOVYE123 | Long             | EC               | CORP              | JP        |     54800 | NS      | $877164.56    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased GBP / Sold USD                                                    | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | GB        |         1 | NC      | $7533.75      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                                     | Unilever PLC                                                                | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     14719 | NS      | $738551.34    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                 | COLT Funding LLC                                                            | CUSIP: 19688DAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     61580 | PA      | $52684.87     | 0.03%             | 2064-12-25      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| Mastercard Inc                                   | Mastercard, Inc.                                                            | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      2710 | NS      | $942348.30    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Pernod Ricard SA                                 | Pernod Ricard SA                                                            | CUSIP: 000000000<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |      2991 | NS      | $588396.80    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd                        | Shin-Etsu Chemical Co. Ltd.                                                 | CUSIP: 000000000<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |      4000 | NS      | $488448.66    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                    | Purchased NZD / Sold NOK                                                    | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | NZ        |         1 | NC      | $-5548.08     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust              | Exeter Automobile Receivables Trust                                         | CUSIP: 30166NAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    265078 | PA      | $262083.62    | 0.15%             | 2025-07-15      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                     | Broadcom, Inc.                                                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      1072 | NS      | $599387.36    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN GOVERNMENT                              | Canada Government Bonds                                                     | CUSIP: 135087H72<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |     50000 | PA      | $28053.18     | 0.02%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust                              | DT Auto Owner Trust                                                         | CUSIP: 23344GAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $92094.24     | 0.05%             | 2026-11-16      | Fixed         | 1.16%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                       | MFA Trust                                                                   | CUSIP: 55283FAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     33026 | PA      | $28494.28     | 0.02%             | 2065-04-25      | Variable      | 1.15%                 | No            |                  2 | On Loan: No      |
| Snap Inc                                         | Snap, Inc.                                                                  | CUSIP: 83304A106<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | EC               | CORP              | US        |     16451 | NS      | $147236.45    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                        | Tesla, Inc.                                                                 | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      2770 | NS      | $341208.60    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon Inc                                        | Alcon, Inc.                                                                 | CUSIP: 000000000<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |     11683 | NS      | $801675.23    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| IRISH TSY 1.5% 2050                              | Ireland Government Bonds                                                    | CUSIP: 000000000<br>LEI: 549300KXBEJAOJ9OVF93 | Long             | DBT              | NUSS              | IE        |    240000 | PA      | $177610.18    | 0.10%             | 2050-05-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Bank of America N.A.                             | Purchased BRL / Sold USD                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | BR        |         1 | NC      | $47329.11     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                       | Flagship Credit Auto Trust                                                  | CUSIP: 33844RAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     29517 | PA      | $29501.29     | 0.02%             | 2025-02-18      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                     | Drive Auto Receivables Trust                                                | CUSIP: 26208VAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     90654 | PA      | $90107.70     | 0.05%             | 2026-08-17      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust              | New Residential Mortgage Loan Trust                                         | CUSIP: 64831EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     65537 | PA      | $56654.31     | 0.03%             | 2058-10-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust                            | CCG Receivables Trust                                                       | CUSIP: 12510FAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    136031 | PA      | $135833.17    | 0.08%             | 2027-03-15      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                              | Abbott Laboratories                                                         | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      2371 | NS      | $260312.09    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PACE High Yield Investments                      | PACE High Yield Investments                                                 | CUSIP: 69375U600<br>LEI: 54930077W0HZFCY95U61 | Long             | EC               | RF                | US        |   2255749 | NS      | $18474584.97  | 10.49%            |  |  |  | No            |                  1 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                       | CUSIP: 01F022618<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1950000 | PA      | $1649317.80   | 0.94%             | 2053-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SLM Corp                                         | SLM Corp.                                                                   | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32657 | NS      | $542106.20    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                       | CUSIP: 01F030611<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1350000 | PA      | $1183742.10   | 0.67%             | 2053-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Federal National Mortgage Association                                       | CUSIP: 3140XCCM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    255712 | PA      | $217385.14    | 0.12%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust              | GS Mortgage-Backed Securities Trust                                         | CUSIP: 36259WAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     22737 | PA      | $19813.43     | 0.01%             | 2060-09-27      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| ServiceNow Inc                                   | ServiceNow, Inc.                                                            | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       919 | NS      | $356820.13    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                           | Future                                                                      | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |       130 | NC      | $-265122.00   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Exeter Automobile Receivables Trust              | Exeter Automobile Receivables Trust                                         | CUSIP: 30167YAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    123286 | PA      | $122746.10    | 0.07%             | 2025-05-15      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC           | Purchased USD / Sold NZD                                                    | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $-281463.01   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| BAWAG Group AG                                   | BAWAG Group AG                                                              | CUSIP: 000000000<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |     14726 | NS      | $784752.37    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC           | Purchased NZD / Sold USD                                                    | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | NZ        |         1 | NC      | $-28095.47    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity National Information Services Inc       | Fidelity National Information Services, Inc.                                | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |      3657 | NS      | $248127.45    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Group PLC                                | Ashtead Group PLC                                                           | CUSIP: 000000000<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |     13079 | NS      | $742949.32    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Dexcom Inc                                       | Dexcom, Inc.                                                                | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      1907 | NS      | $215948.68    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                                    | CUSIP: 36179W2V9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    241313 | PA      | $215088.31    | 0.12%             | 2052-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| APA Corp                                         | APA Corp.                                                                   | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     14593 | NS      | $681201.24    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                          | Charles Schwab Corp.                                                        | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |      4893 | NS      | $407391.18    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                         | CUSIP: 912828YB0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    196000 | PA      | $170083.59    | 0.10%             | 2029-08-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                     | Drive Auto Receivables Trust                                                | CUSIP: 26209WAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         0 | PA      | $0.01         | 0.00%             | 2025-08-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust           | Santander Drive Auto Receivables Trust                                      | CUSIP: 80285RAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    198963 | PA      | $198325.27    | 0.11%             | 2025-09-15      | Fixed         | 1.46%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                               | Meta Platforms, Inc.                                                        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1110 | NS      | $133577.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Dryden Senior Loan Fund                          | Dryden 60 CLO Ltd.                                                          | CUSIP: 26251NAB6<br>LEI: 549300KI3ILQQHC87U86 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $245965.75    | 0.14%             | 2031-07-15      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Lululemon Athletica Inc                          | Lululemon Athletica, Inc.                                                   | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |      1020 | NS      | $326787.60    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| American Credit Acceptance Receivables Trust     | American Credit Acceptance Receivables Trust                                | CUSIP: 02528CAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8778 | PA      | $8773.87      | 0.00%             | 2025-04-14      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                                    | CUSIP: 36179WVT2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    518066 | PA      | $433368.14    | 0.25%             | 2052-01-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                      | Oracle Corp.                                                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      7192 | NS      | $587874.08    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                               | Voya Financial, Inc.                                                        | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |      7797 | NS      | $479437.53    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPAN (40 YEAR ISSUE)                            | Japan Government Forty Year Bonds                                           | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  20000000 | PA      | $105754.34    | 0.06%             | 2059-03-20      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                    | Purchased USD / Sold CNY                                                    | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |         1 | NC      | $-86.53       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust                                                  | CUSIP: 92537KAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12301 | PA      | $11667.72     | 0.01%             | 2059-11-25      | Variable      | 2.64%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold CNY                                                    | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-4819.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Allstate Corp/The                                | Allstate Corp.                                                              | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      3451 | NS      | $467955.60    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexpol AB                                        | Hexpol AB                                                                   | CUSIP: 000000000<br>LEI: 549300MN30TBRLYN3465 | Long             | EC               | CORP              | SE        |     61295 | NS      | $654015.78    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                   | Enterprise Fleet Financing LLC                                              | CUSIP: 29374WAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     28970 | PA      | $28915.40     | 0.02%             | 2025-05-20      | Fixed         | 2.06%                 | No            |                  2 | On Loan: No      |
| SoftBank Group Corp                              | SoftBank Group Corp.                                                        | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | EC               | CORP              | JP        |     10200 | NS      | $431387.88    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GILT                              | U.K. Gilts                                                                  | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    170000 | PA      | $162771.31    | 0.09%             | 2032-01-31      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                    | Purchased USD / Sold IDR                                                    | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $-575.65      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                           | Future                                                                      | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |       -84 | NC      | $66956.40     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Imperial Bank of Commerce               | Purchased JPY / Sold USD                                                    | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | JP        |         1 | NC      | $40806.05     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                     | Drive Auto Receivables Trust                                                | CUSIP: 26208MAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     72024 | PA      | $71959.45     | 0.04%             | 2026-04-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                     | Ford Credit Auto Lease Trust                                                | CUSIP: 34531RAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     23903 | PA      | $23880.21     | 0.01%             | 2025-02-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Palo Alto Networks Inc                           | Palo Alto Networks, Inc.                                                    | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      1455 | NS      | $203030.70    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AIB Group PLC                                    | AIB Group PLC                                                               | CUSIP: 000000000<br>LEI: 635400AKJBGNS5WNQL34 | Long             | EC               | CORP              | IE        |    263358 | NS      | $1010874.65   | 0.57%             |  |  |  | No            |                  2 | On Loan: —       |
| Citibank N.A.                                    | Purchased BRL / Sold USD                                                    | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | BR        |         1 | NC      | $-23132.27    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust 2020-1     | Westlake Automobile Receivables Trust                                       | CUSIP: 96042KAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    136196 | PA      | $135744.27    | 0.08%             | 2025-04-15      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust                              | DT Auto Owner Trust                                                         | CUSIP: 23345EAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     60345 | PA      | $60169.26     | 0.03%             | 2025-03-17      | Fixed         | 0.41%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                         | CUSIP: 912810SQ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     70000 | PA      | $43471.09     | 0.02%             | 2040-08-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                         | CUSIP: 912810PW2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    110000 | PA      | $115169.14    | 0.07%             | 2038-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | Future                                                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -9 | NC      | $3854.05      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                         | CUSIP: 912810RQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    302000 | PA      | $225957.34    | 0.13%             | 2046-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust                                                  | CUSIP: 92538LAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     26989 | PA      | $24056.37     | 0.01%             | 2065-05-25      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| BONOS Y OBLIG DEL ESTADO                         | Spain Government Bonds                                                      | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |    165000 | PA      | $163659.01    | 0.09%             | 2027-10-31      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| Spirit AeroSystems Holdings Inc                  | Spirit AeroSystems Holdings, Inc.                                           | CUSIP: 848574109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8804 | NS      | $260598.40    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. International PLC           | Purchased JPY / Sold USD                                                    | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | JP        |         1 | NC      | $135654.40    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Federal Home Loan Mortgage Corp.                                            | CUSIP: 3132DWA52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    919515 | PA      | $752611.37    | 0.43%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Laboratory Corp of America Holdings              | Laboratory Corp. of America Holdings                                        | CUSIP: 50540R409<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | EC               | CORP              | US        |      3039 | NS      | $715623.72    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MFRA Trust                                       | MFA Trust                                                                   | CUSIP: 552757AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25816 | PA      | $23547.12     | 0.01%             | 2065-01-26      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce               | Purchased USD / Sold EUR                                                    | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | US        |         1 | NC      | $-136296.63   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Ingersoll Rand Inc                               | Ingersoll Rand, Inc.                                                        | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     17645 | NS      | $921951.25    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                       | CF Industries Holdings, Inc.                                                | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |      4192 | NS      | $357158.40    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| JTOWER Inc                                       | JTOWER, Inc.                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     10100 | NS      | $461884.17    | 0.26%             |  |  |  | No            |                  2 | On Loan: —       |
| Cie Generale des Etablissements Michelin SCA     | Cie Generale des Etablissements Michelin SCA                                | CUSIP: 000000000<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |     18443 | NS      | $513771.62    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                       | CUSIP: 01F020612<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1475000 | PA      | $1200296.00   | 0.68%             | 2053-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HealthEquity Inc                                 | HealthEquity, Inc.                                                          | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |      2476 | NS      | $152620.64    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Haleon PLC                                       | Haleon PLC                                                                  | CUSIP: 000000000<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |    250926 | NS      | $992817.74    | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Ameriprise Financial Inc                         | Ameriprise Financial, Inc.                                                  | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      2767 | NS      | $861560.79    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories Inc                         | Bio-Rad Laboratories, Inc.                                                  | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |      1525 | NS      | $641247.25    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Vista Point Securitization Trust                 | Vista Point Securitization Trust                                            | CUSIP: 92838TAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     28428 | PA      | $24807.10     | 0.01%             | 2065-04-25      | Variable      | 1.48%                 | No            |                  2 | On Loan: No      |
| Glencore PLC                                     | Glencore PLC                                                                | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |     91552 | NS      | $610527.67    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                | Future                                                                      | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |       112 | NC      | $-46212.30    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                             | Verisk Analytics, Inc.                                                      | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      1371 | NS      | $241871.82    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Knorr-Bremse AG                                  | Knorr-Bremse AG                                                             | CUSIP: 000000000<br>LEI: 5299001GRRO0Z25YZT52 | Long             | EC               | CORP              | DE        |      7901 | NS      | $429832.87    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                         | CUSIP: 912828P79<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    226000 | PA      | $224962.48    | 0.13%             | 2023-02-28      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                         | Angel Oak Mortgage Trust                                                    | CUSIP: 03465DAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     44013 | PA      | $36125.29     | 0.02%             | 2066-04-25      | Variable      | 0.98%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                        | Apple, Inc.                                                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     14646 | NS      | $1902954.78   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                                         | CUSIP: 912796S34<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   8070000 | PA      | $8054317.30   | 4.57%             | 2023-01-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                         | Purchased JPY / Sold USD                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | JP        |         1 | NC      | $81391.90     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BUONI POLIENNALI DEL TES                         | Italy Buoni Poliennali Del Tesoro                                           | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |    240000 | PA      | $240401.15    | 0.14%             | 2029-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                      | Purchased CNY / Sold USD                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | CN        |         1 | NC      | $20719.38     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Austria                              | Republic of Austria Government Bonds                                        | CUSIP: 000000000<br>LEI: 529900QWWUI4XRVR7I03 | Long             | DBT              | NUSS              | AT        |     55000 | PA      | $58494.39     | 0.03%             | 2044-06-20      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| DLL Securitization Trust                         | DLL LLC                                                                     | CUSIP: 23291RAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5554 | PA      | $5544.60      | 0.00%             | 2026-09-21      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC           | Purchased TWD / Sold USD                                                    | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | TW        |         1 | NC      | $-62173.08    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust    | JP Morgan Chase Commercial Mortgage Securities Trust                        | CUSIP: 46592FAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125000 | PA      | $87974.34     | 0.05%             | 2040-01-05      | Variable      | 2.08%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust              | Exeter Automobile Receivables Trust                                         | CUSIP: 30166RAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    125000 | PA      | $116861.53    | 0.07%             | 2026-11-16      | Fixed         | 1.08%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                         | CUSIP: 912810RB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    717000 | PA      | $585223.24    | 0.33%             | 2043-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC           | Purchased AUD / Sold GBP                                                    | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | AU        |         1 | NC      | $182712.57    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                      | Novartis AG                                                                 | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     11681 | NS      | $1057100.34   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust                                                  | CUSIP: 92538CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     34380 | PA      | $31189.64     | 0.02%             | 2065-05-25      | Variable      | 1.22%                 | No            |                  2 | On Loan: No      |
| AIA Group Ltd                                    | AIA Group Ltd.                                                              | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    106217 | NS      | $1172994.85   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Spectris PLC                                     | Spectris PLC                                                                | CUSIP: 000000000<br>LEI: 213800Z4CO2CZO3M3T10 | Long             | EC               | CORP              | GB        |     12835 | NS      | $464968.77    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Shoals Technologies Group Inc                    | Shoals Technologies Group, Inc.                                             | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10577 | NS      | $260934.59    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPAN (30 YEAR ISSUE)                            | Japan Government Thirty Year Bonds                                          | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  11100000 | PA      | $65778.75     | 0.04%             | 2046-06-20      | Fixed         | 0.30%                 | No            |                  2 | On Loan: No      |
| Canadian Pacific Railway Ltd                     | Canadian Pacific Railway Ltd.                                               | CUSIP: 13645T100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     12026 | NS      | $896620.90    | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Government National Mortgage Association         | Government National Mortgage Association                                    | CUSIP: 36179WBX5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    277154 | PA      | $232928.54    | 0.13%             | 2051-03-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Sands Corp                             | Las Vegas Sands Corp.                                                       | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     16297 | NS      | $783396.79    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BONOS Y OBLIG DEL ESTADO                         | Spain Government Bonds                                                      | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |    296000 | PA      | $323796.56    | 0.18%             | 2024-01-31      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| UBS All China Equity Fund                        | UBS All China Equity Fund                                                   | CUSIP: 90267D613<br>LEI: 549300RH0PRC18Y55I59 | Long             | EC               | RF                | US        |    453914 | NS      | $2392127.83   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco de Sabadell SA                             | Banco de Sabadell SA                                                        | CUSIP: 000000000<br>LEI: SI5RG2M0WQQLZCXKRM20 | Long             | EC               | CORP              | ES        |    783919 | NS      | $736854.68    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Aptiv PLC                                        | Aptiv PLC                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |      9606 | NS      | $894606.78    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper Cos Inc/The                               | Cooper Cos., Inc.                                                           | CUSIP: 216648402<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |      1068 | NS      | $353155.56    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Auto Owner Trust                              | DT Auto Owner Trust                                                         | CUSIP: 23343JAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2021 | PA      | $2018.99      | 0.00%             | 2025-07-15      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| ASX Clear (Futures)                              | Future                                                                      | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DE               |  | AU        |       -10 | NC      | $34960.18     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                                    | HDFC Bank Ltd.                                                              | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     12968 | NS      | $887140.88    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                   | Eli Lilly & Co.                                                             | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      2625 | NS      | $960330.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Ltd                                        | Bunge Ltd.                                                                  | CUSIP: 000000000<br>LEI: 5493007M0RIN8HY3MM77 | Long             | EC               | CORP              | BM        |      9672 | NS      | $964975.44    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                   | Amazon.com, Inc.                                                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     16558 | NS      | $1390872.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                         | Infineon Technologies AG                                                    | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     20377 | NS      | $619295.44    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                         | CUSIP: 91282CCB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    350000 | PA      | $294341.80    | 0.17%             | 2031-05-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold EUR                                                    | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-8119.47     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BONOS Y OBLIG DEL ESTADO                         | Spain Government Bonds                                                      | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     69000 | PA      | $87906.86     | 0.05%             | 2044-10-31      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                      | Future                                                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        49 | NC      | $-155205.05   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| BUONI POLIENNALI DEL TES                         | Italy Buoni Poliennali Del Tesoro                                           | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     75000 | PA      | $64334.71     | 0.04%             | 2046-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| VMware Inc                                       | VMware, Inc.                                                                | CUSIP: 928563402<br>LEI: 549300BUDHS3LRWBE814 | Long             | EC               | CORP              | US        |      4545 | NS      | $557944.20    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America N.A.                             | Purchased USD / Sold CNY                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-34234.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                    | Purchased SEK / Sold USD                                                    | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | SE        |         1 | NC      | $-5856.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                         | CUSIP: 912810QY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    321000 | PA      | $257301.56    | 0.15%             | 2042-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GILT                              | U.K. Gilts                                                                  | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     90000 | PA      | $105200.78    | 0.06%             | 2024-04-22      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust              | Exeter Automobile Receivables Trust                                         | CUSIP: 30166AAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         0 | PA      | $0.01         | 0.00%             | 2025-02-18      | Fixed         | 0.35%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                         | Purchased AUD / Sold USD                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | AU        |         1 | NC      | $13189.76     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                         | CUSIP: 912828Y61<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    459000 | PA      | $454015.54    | 0.26%             | 2023-07-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GILT                              | U.K. Gilts                                                                  | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    144000 | PA      | $156429.24    | 0.09%             | 2028-10-22      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                | Future                                                                      | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |       -23 | NC      | $196200.21    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GS Mortgage-Backed Securities Trust              | GS Mortgage-Backed Securities Corp. Trust                                   | CUSIP: 36262EAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     63060 | PA      | $51720.05     | 0.03%             | 2061-07-25      | Variable      | 1.02%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC           | Purchased PHP / Sold USD                                                    | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | PH        |         1 | NC      | $-6926.05     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FRANCE (GOVT OF)                                 | French Republic Government Bonds OAT                                        | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |    670000 | PA      | $553903.06    | 0.31%             | 2031-11-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                         | CUSIP: 912828T26<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    971000 | PA      | $947331.88    | 0.54%             | 2023-09-30      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-27

**Name of Applicant:** UBS FUNDS

**Signature:** Joanne Kilkeary

**Name of Signer:** Joanne Kilkeary

**Title:** Vice President and Treasurer