# EDGAR Filing Document

**Accession Number:** 0000720309
**File Stem:** 0000940400-26-007759
**Filing Date:** 2026-2
**Character Count:** 77784
**Document Hash:** c6d02b5aabb230a83b4f8c9cb8073d04
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-007759.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0000940400-26-007759

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMG FUNDS III
- **CENTRAL INDEX KEY:** 0000720309

**ORGANIZATION NAME:**
- **EIN:** 222528211
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03752
- **FILM NUMBER:** 26676488

**BUSINESS ADDRESS:**
- **STREET 1:** 680 WASHINGTON BOULEVARD, SUITE 500
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901
- **BUSINESS PHONE:** 2032993500

**MAIL ADDRESS:**
- **STREET 1:** 680 WASHINGTON BOULEVARD, SUITE 500
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANAGEMENT OF MANAGERS GROUP OF FUNDS
- **DATE OF NAME CHANGE:** 19910429

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANAGEMENT OF MANAGERS CAPITAL APPRECIATION FUND
- **DATE OF NAME CHANGE:** 19881214

## Series and Classes Contracts Data

### AMG GW&K ESG Bond Fund (Series ID: S000009868)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000027310 | Class N      | MGFIX           |
| C000125498 | Class I      | MGBIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AMG Funds III

- **b. Investment Company Act file number:** 811-03752

- **c. CIK number of Registrant:** 0000720309

- **d. LEI of Registrant:** 5493007NETBE5Y5V1962

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

  - **Street Address 1:** 680 Washington Blvd.

  - **City:** Stamford

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06901

  - **Telephone number:** 800-548-4539

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

- **a. Name of Series:** AMG GW&K ESG Bond Fund

- **b. EDGAR series identifier (if any):** S000009868

- **c. LEI of Series:** 549300GNM1WYO24HFQ54

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $343820295.92

**Total Liabilities:** $8814847.28

**Net Assets:** $335005448.64

**Cash Not Reported:** $6759.18

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 202.86155000 | **1-Year:** 7113.18137000 | **5-Year:** 80311.67052000 | **10-Year:** 45560.00515000 | **30-Year:** 3521.56440000

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

- **3-Month:** 24.64682000 | **1-Year:** 6186.09090000 | **5-Year:** 9934.04759000 | **10-Year:** 2757.38660000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000027310 | 0.52%                | 0.57%                | -0.20%               |
| Class ID C000125498 | 0.54%                | 0.63%                | -0.23%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-147504.63              | $807903.16                                 |
| Month 2  | $-703065.59              | $1532582.45                                |
| Month 3  | $-62713.20               | $-1834390.70                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GS Mortgage-Backed Securities       | GS Mortgage-Backed Securities Trust 2021-PJ8                                    | CUSIP: 36262WAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1769782 | PA      | $1482286.45   | 0.44%             | 2052-01-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| M/I HOMES INC                       | M/I Homes Inc                                                                   | CUSIP: 55305BAS0<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499219.70    | 0.15%             | 2028-02-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                         | Exelon Corp                                                                     | CUSIP: 30161NBQ3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   2315000 | PA      | $2408855.33   | 0.72%             | 2055-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES               | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150BD5<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    500000 | PA      | $522296.34    | 0.16%             | 2035-02-02      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                     | CVS Health Corp                                                                 | CUSIP: 126650DU1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2568000 | PA      | $2643963.73   | 0.79%             | 2033-02-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| CarMax Auto Owner Trust             | Carmax Auto Owner Trust 2025-1                                                  | CUSIP: 14319WAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    887654 | PA      | $889733.55    | 0.27%             | 2028-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                     | United States Treasury Note/Bond                                                | CUSIP: 912810TQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4324000 | PA      | $3889910.96   | 1.16%             | 2043-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| JACOBS ENGINEERING GROUP            | Jacobs Engineering Group Inc                                                    | CUSIP: 469814AA5<br>LEI: 549300CZ8QS1GE53O776 | Long             | DBT              | CORP              | US        |   3168000 | PA      | $3337068.18   | 1.00%             | 2033-03-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                    | Connecticut Avenue Securities Trust 2024-R06                                    | CUSIP: 20755RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    645664 | PA      | $646890.47    | 0.19%             | 2044-09-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust        | GS Mortgage Securities Trust 2020-GC47                                          | CUSIP: 36258RBA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $828059.67    | 0.25%             | 2053-05-12      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                         | Freddie Mac Pool                                                                | CUSIP: 3133L8C37<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4017178 | PA      | $3723568.49   | 1.11%             | 2036-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                 | Freddie Mac STACR REMIC Trust 2023-HQA3                                         | CUSIP: 35564K3F4<br>LEI: 529900ZTXRUUVE8G8W08 | Long             | ABS-MBS          | CORP              | US        |    834943 | PA      | $842507.36    | 0.25%             | 2043-11-25      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC             | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1795000 | PA      | $1866646.28   | 0.56%             | N/A             | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                         | Avient Corp                                                                     | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1618874.78   | 0.48%             | 2031-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| BROADCOM INC                        | Broadcom Inc                                                                    | CUSIP: 11135FCV1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1382924.47   | 0.41%             | 2041-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                 | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2008000 | PA      | $2045980.38   | 0.61%             | 2034-08-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC               | Bath & Body Works Inc                                                           | CUSIP: 501797AL8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    940000 | PA      | $950968.04    | 0.28%             | 2035-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| OWENS CORNING                       | Owens Corning                                                                   | CUSIP: 690742AB7<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $2041511.18   | 0.61%             | 2036-12-01      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC            | Elanco Animal Health Inc                                                        | CUSIP: 28414HAG8<br>LEI: 549300SHPNDCE059M934 | Long             | DBT              | CORP              | US        |    950000 | PA      | $992784.72    | 0.30%             | 2028-08-28      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI      | Dallas Fort Worth International Airport                                         | CUSIP: 23503CAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $862200.80    | 0.26%             | 2051-11-01      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                          | Fannie Mae Pool                                                                 | CUSIP: 3140X6GB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4474408 | PA      | $4378346.74   | 1.31%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                         | Freddie Mac Pool                                                                | CUSIP: 3132DWBK8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1956481 | PA      | $1746531.23   | 0.52%             | 2051-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                        | SK hynix Inc                                                                    | CUSIP: 78392BAC1<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |   2800000 | PA      | $2540027.56   | 0.76%             | 2031-01-19      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP              | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1705320.87   | 0.51%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| LAMAR MEDIA CORP                    | Lamar Media Corp                                                                | CUSIP: 513075BW0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1297743.33   | 0.39%             | 2029-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                    | Duke Energy Corp                                                                | CUSIP: 26441CCG8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   2290000 | PA      | $2403534.17   | 0.72%             | 2054-09-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: —       |
| HYATT HOTELS CORP                   | Hyatt Hotels Corp                                                               | CUSIP: 448579AV4<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   1975000 | PA      | $2069181.84   | 0.62%             | 2032-03-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                | Kraft Heinz Foods Co                                                            | CUSIP: 50077LAX4<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   2480000 | PA      | $2264912.43   | 0.68%             | 2039-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                           | Amgen Inc                                                                       | CUSIP: 031162DS6<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1385000 | PA      | $1392690.42   | 0.42%             | 2043-03-02      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                         | Freddie Mac Pool                                                                | CUSIP: 3132AC3B4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1281818 | PA      | $1274036.23   | 0.38%             | 2048-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                       | Carnival Corp                                                                   | CUSIP: 143658AH5<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    850000 | PA      | $883689.09    | 0.26%             | 2028-01-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                          | Fannie Mae Pool                                                                 | CUSIP: 3140XN5W0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4251243 | PA      | $4466830.29   | 1.33%             | 2054-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AGL CLO 1 Ltd.                      | AGL Core CLO 38 Ltd                                                             | CUSIP: 00852QAA9<br>LEI: 254900ZPMRHE5M6S8F18 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000436.20   | 0.30%             | 2038-01-22      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| AGL CLO 1 Ltd.                      | AGL CLO 39 Ltd                                                                  | CUSIP: 00121XAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1050000 | PA      | $1049435.52   | 0.31%             | 2038-04-20      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                          | Fannie Mae Pool                                                                 | CUSIP: 3140XAFJ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5650890 | PA      | $5428703.20   | 1.62%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| API GROUP DE INC                    | APi Group DE Inc                                                                | CUSIP: 001877AA7<br>LEI: 549300XP4G7B4QYA0G83 | Long             | DBT              | CORP              | US        |   1255000 | PA      | $1220190.07   | 0.36%             | 2029-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: —       |
| KB HOME                             | KB Home                                                                         | CUSIP: 48666KAY5<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |   1222000 | PA      | $1217130.94   | 0.36%             | 2029-11-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| SLM CORP                            | SLM Corp                                                                        | CUSIP: 78442PGF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1449081.20   | 0.43%             | 2030-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SONOCO PRODUCTS CO                  | Sonoco Products Co                                                              | CUSIP: 835495AP7<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |   1822000 | PA      | $1642827.07   | 0.49%             | 2032-02-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: —       |
| STARWOOD PROPERTY TRUST             | Starwood Property Trust Inc                                                     | CUSIP: 85571BAY1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1763971.93   | 0.53%             | 2027-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                        | Comcast Corp                                                                    | CUSIP: 20030NEC1<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    867000 | PA      | $870197.41    | 0.26%             | 2033-02-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: —       |
| FHLMC Multifamily Structured P      | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137H6LN3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1525000 | PA      | $1395333.22   | 0.42%             | 2032-01-25      | Variable      | 2.59%                 | No            |                  2 | On Loan: No      |
| FORD FOUNDATION/THE                 | Ford Foundation/The                                                             | CUSIP: 34531XAB0<br>LEI: 54930013YZ3DULPNNT44 | Long             | DBT              | CORP              | US        |   2690000 | PA      | $1600722.32   | 0.48%             | 2050-06-01      | Fixed         | 2.42%                 | No            |                  2 | On Loan: —       |
| Fannie Mae                          | Fannie Mae Pool                                                                 | CUSIP: 3140XKDC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4895392 | PA      | $5037618.42   | 1.50%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL              | Marriott International Inc/MD                                                   | CUSIP: 571903BU6<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   1360000 | PA      | $1392209.02   | 0.42%             | 2037-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                     | United States Treasury Note/Bond                                                | CUSIP: 912810RQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1796000 | PA      | $1250675.47   | 0.37%             | 2046-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER              | Goodyear Tire & Rubber Co/The                                                   | CUSIP: 382550BN0<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   1439000 | PA      | $1421810.47   | 0.42%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| COMMONSPIRIT HEALTH                 | CommonSpirit Health                                                             | CUSIP: 20268JAB9<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    600000 | PA      | $579820.93    | 0.17%             | 2029-10-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                          | Fannie Mae Pool                                                                 | CUSIP: 31418CXN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6195725 | PA      | $5986734.34   | 1.79%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                   | Magnetite XXXIV Ltd                                                             | CUSIP: 55952MAJ2<br>LEI: 5493007RY5PFZOE8RF76 | Long             | ABS-CBDO         | CORP              | KY        |    850000 | PA      | $849565.14    | 0.25%             | 2038-01-15      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust            | JP Morgan Mortgage Trust 2022-2                                                 | CUSIP: 46655DAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    728199 | PA      | $688121.27    | 0.21%             | 2052-08-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                     | United States Treasury Note/Bond                                                | CUSIP: 912810SY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15359000 | PA      | $11296664.45  | 3.37%             | 2041-05-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| OI EUROPEAN GROUP BV                | OI European Group BV                                                            | CUSIP: 67777LAD5<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |   1500000 | PA      | $1451426.10   | 0.43%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                          | Mattel Inc                                                                      | CUSIP: 577081BF8<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1047766.49   | 0.31%             | 2029-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TELEFLEX INC                        | Teleflex Inc                                                                    | CUSIP: 879369AG1<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | DBT              | CORP              | US        |   2045000 | PA      | $2013561.40   | 0.60%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AT&T INC                            | AT&T Inc                                                                        | CUSIP: 00206RBH4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1985000 | PA      | $1674625.62   | 0.50%             | 2042-12-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                         | MetLife Inc                                                                     | CUSIP: 59156RBT4<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    375000 | PA      | $382035.75    | 0.11%             | N/A             | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| GS Mortgage-Backed Securities       | GS Mortgage-Backed Securities Trust 2021-PJ9                                    | CUSIP: 36263CAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1406860 | PA      | $1263251.72   | 0.38%             | 2052-02-26      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                          | Mattel Inc                                                                      | CUSIP: 577081AU6<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |    911000 | PA      | $918408.55    | 0.27%             | 2040-10-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| MSCI INC                            | MSCI Inc                                                                        | CUSIP: 55354GAQ3<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |   2015000 | PA      | $1806945.97   | 0.54%             | 2033-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                          | Fannie Mae Pool                                                                 | CUSIP: 3140W06C4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3345147 | PA      | $3426079.42   | 1.02%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                   | Herc Holdings Inc                                                               | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2104856.88   | 0.63%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                       | State of California                                                             | CUSIP: 13063A5G5<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2463562.12   | 0.74%             | 2039-04-01      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust            | JP Morgan Mortgage Trust 2021-7                                                 | CUSIP: 46592NAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1577455 | PA      | $1483356.41   | 0.44%             | 2051-11-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                      | Morgan Stanley                                                                  | CUSIP: 6174468G7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1548000 | PA      | $1556576.11   | 0.46%             | 2030-01-23      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                    | MGM Resorts International                                                       | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1027670.15   | 0.31%             | 2029-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| VERSANT MEDIA GROUP INC             | Versant Media Group Inc                                                         | CUSIP: 925283AA1<br>LEI: 254900D2Q5F5F229PU30 | Long             | DBT              | CORP              | US        |   1675000 | PA      | $1728079.61   | 0.52%             | 2031-01-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust            | J.P. Morgan Mortgage Trust 2022-4                                               | CUSIP: 46655GAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    759511 | PA      | $662762.27    | 0.20%             | 2052-10-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                | Bank of America Corp                                                            | CUSIP: 06051GLU1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3050000 | PA      | $3254819.12   | 0.97%             | 2034-09-15      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC             | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GA53<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1837939.26   | 0.55%             | 2034-10-24      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                      | Microsoft Corp                                                                  | CUSIP: 594918CC6<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   2450000 | PA      | $1495845.42   | 0.45%             | 2050-06-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                          | Fannie Mae Pool                                                                 | CUSIP: 3140X8V79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2221009 | PA      | $2259320.50   | 0.67%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                          | Fannie Mae Pool                                                                 | CUSIP: 3140XFQ20<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1858246 | PA      | $1872595.96   | 0.56%             | 2048-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| METHANEX CORP                       | Methanex Corp                                                                   | CUSIP: 59151KAM0<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |   1205000 | PA      | $1211817.89   | 0.36%             | 2027-10-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY               | Wells Fargo & Co                                                                | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2025000 | PA      | $1890007.08   | 0.56%             | 2033-03-02      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| BALL CORP                           | Ball Corp                                                                       | CUSIP: 058498AW6<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1779867.32   | 0.53%             | 2030-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                   | Newell Brands Inc                                                               | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    850000 | PA      | $830077.37    | 0.25%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| AMERICAN HOMES 4 RENT               | American Homes 4 Rent LP                                                        | CUSIP: 02666TAH0<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |   1675000 | PA      | $1730330.76   | 0.52%             | 2034-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2024-1 AA PTT            | United Airlines 2024-1 Class AA Pass Through Trust                              | CUSIP: 90932WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1848974 | PA      | $1900847.84   | 0.57%             | 2037-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| DPL INC/OHIO                        | DPL LLC/Ohio                                                                    | CUSIP: 233293AQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $986117.00    | 0.29%             | 2029-04-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| MAGNA INTERNATIONAL INC             | Magna International Inc                                                         | CUSIP: 559222BD5<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | DBT              | CORP              | CA        |   1752000 | PA      | $1857368.40   | 0.55%             | 2035-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| BANK OF NY MELLON CORP              | Bank of New York Mellon Corp/The                                                | CUSIP: 064058AJ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   2585000 | PA      | $2577026.83   | 0.77%             | N/A             | Fixed         | 3.70%                 | No            |                  2 | On Loan: —       |
| HUNTINGTON BANCSHARES               | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150BB9<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1085891.15   | 0.32%             | 2028-08-04      | Fixed         | 4.44%                 | No            |                  2 | On Loan: —       |
| Fannie Mae - CAS                    | Connecticut Avenue Securities Trust 2024-R02                                    | CUSIP: 20754GAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    613947 | PA      | $613566.06    | 0.18%             | 2044-02-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| BNY MELLON, NATIONAL ASSOCIATION    | FICC                                                                            | CUSIP: 000000000<br>LEI: 4EP6JBYBTPTQ47LZOB67 | Long             | RA               | CORP              | US        |   1771000 | PA      | $1771000.00   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust       | Citigroup Mortgage Loan Trust 2022-J1                                           | CUSIP: 17330CAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    882167 | PA      | $822154.16    | 0.25%             | 2052-02-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| JOBSOHIO BEVERAGE SYS STWD LIQ      | JobsOhio Beverage System                                                        | CUSIP: 47770VCW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $54697.16     | 0.02%             | 2038-01-01      | Fixed         | 2.83%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS SECURITIES INC.     | NATWEST MARKETS SECURITIES INC                                                  | CUSIP: 000000000<br>LEI: ZE2ZWJ5BTIQJ8M0C6K34 | Long             | RA               | CORP              | US        |    513091 | PA      | $513091.00    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Elmwood CLO II Ltd.                 | Elmwood CLO II Ltd                                                              | CUSIP: 29001LAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1715000 | PA      | $1719647.99   | 0.51%             | 2037-10-20      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                | FREMF 2016-K53 Mortgage Trust                                                   | CUSIP: 30288LAN3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    126212 | PA      | $125831.53    | 0.04%             | 2049-03-25      | Variable      | 4.28%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd               | Palmer Square CLO 2021-1 Ltd                                                    | CUSIP: 69701WAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    551000 | PA      | $550706.37    | 0.16%             | 2038-04-20      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                          | Fannie Mae Pool                                                                 | CUSIP: 3140X6ST9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6788830 | PA      | $6473625.04   | 1.93%             | 2047-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                 | Travel + Leisure Co                                                             | CUSIP: 98310WAQ1<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    575000 | PA      | $560658.18    | 0.17%             | 2030-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                  | Ally Financial Inc                                                              | CUSIP: 02005NBW9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   2093000 | PA      | $2141526.18   | 0.64%             | 2031-01-17      | Fixed         | 5.54%                 | No            |                  2 | On Loan: —       |
| WALMART INC                         | Walmart Inc                                                                     | CUSIP: 931142EC3<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1543177.33   | 0.46%             | 2048-06-29      | Fixed         | 4.05%                 | No            |                  2 | On Loan: —       |
| BANK OF AMERICA CORP                | Bank of America Corp                                                            | CUSIP: 06051GHS1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2775000 | PA      | $2331225.69   | 0.70%             | 2050-03-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE / IRELAND DAC             | Aircastle Ltd / Aircastle Ireland DAC                                           | CUSIP: 00929JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2375000 | PA      | $2475474.64   | 0.74%             | 2031-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                         | Freddie Mac Pool                                                                | CUSIP: 3132AEAS5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2138188 | PA      | $2120154.73   | 0.63%             | 2048-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS              | Verizon Communications Inc                                                      | CUSIP: 92343VGW8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1560080.54   | 0.47%             | 2054-02-23      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| Palmer Square CLO Ltd               | Palmer Square CLO 2018-2 Ltd                                                    | CUSIP: 69688MAN5<br>LEI: 549300EYS8N79JYSXL17 | Long             | ABS-CBDO         | CORP              | KY        |    990000 | PA      | $992178.79    | 0.30%             | 2037-04-16      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP            | Citizens Financial Group Inc                                                    | CUSIP: 174610BH7<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   2465000 | PA      | $2584327.40   | 0.77%             | 2032-07-23      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                          | Fannie Mae Pool                                                                 | CUSIP: 3140XDEP7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2864762 | PA      | $2859492.11   | 0.85%             | 2049-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                       | Citigroup Inc                                                                   | CUSIP: 172967KM2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    825000 | PA      | $825782.51    | 0.25%             | N/A             | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO            | Capital One Financial Corp                                                      | CUSIP: 254709AT5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $2299041.63   | 0.69%             | 2034-11-02      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| KEYCORP                             | KeyCorp                                                                         | CUSIP: 49326EEG4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |   1095000 | PA      | $1095571.66   | 0.33%             | 2028-04-30      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                         | Freddie Mac REMICS                                                              | CUSIP: 3137H9RL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1573721 | PA      | $1596164.96   | 0.48%             | 2052-12-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2050000.94   | 0.61%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| M&T BANK CORPORATION                | M&T Bank Corp                                                                   | CUSIP: 55261FAS3<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   1837000 | PA      | $1992987.81   | 0.59%             | 2029-10-30      | Fixed         | 7.41%                 | No            |                  2 | On Loan: —       |
| COHERENT CORP                       | Coherent Corp                                                                   | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1993233.00   | 0.59%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITADEL SECURITIES LLC              | CITADEL SECURITIES LLC                                                          | CUSIP: 000000000<br>LEI: 12UUJYTN7D3SW8KCSG25 | Long             | RA               | CORP              | US        |   1425000 | PA      | $1425000.00   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                | Boston Properties LP                                                            | CUSIP: 10112RBE3<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |   2469000 | PA      | $2153883.78   | 0.64%             | 2032-04-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                | Las Vegas Sands Corp                                                            | CUSIP: 517834AL1<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1445137.14   | 0.43%             | 2034-08-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                 | Freddie Mac Stacr Remic Trust 2025-Dna3                                         | CUSIP: 35564UAQ0<br>LEI: 5299009HC4IGFM6RXF30 | Long             | ABS-MBS          | CORP              | US        |    767688 | PA      | $767893.16    | 0.23%             | 2045-09-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP             | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1372000 | PA      | $1662492.11   | 0.50%             | 2036-07-15      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP            | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1815000 | PA      | $1709853.42   | 0.51%             | 2033-04-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| MUELLER WATER PRODUCTS              | Mueller Water Products Inc                                                      | CUSIP: 624758AF5<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $1993525.78   | 0.60%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                 | Travel + Leisure Co                                                             | CUSIP: 98310WAN8<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    350000 | PA      | $355291.91    | 0.11%             | 2027-04-01      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                   | Magnetite XXXVI Ltd                                                             | CUSIP: 559922AL3<br>LEI: 549300M0875JBMUL0W79 | Long             | ABS-CBDO         | CORP              | KY        |    880000 | PA      | $881304.95    | 0.26%             | 2038-07-25      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                 | JPMorgan Chase & Co                                                             | CUSIP: 46647PCD6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2710000 | PA      | $2105002.04   | 0.63%             | 2042-04-22      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                     | United States Treasury Note/Bond                                                | CUSIP: 912810TN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6760000 | PA      | $5472959.41   | 1.63%             | 2053-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| DATA 2023-CNTR Mortgage Trust       | DATA 2023-CNTR Mortgage Trust                                                   | CUSIP: 238021AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1900000 | PA      | $1947015.88   | 0.58%             | 2043-08-12      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                | OneMain Finance Corp                                                            | CUSIP: 85172FAQ2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    950000 | PA      | $975474.25    | 0.29%             | 2028-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                    | Connecticut Avenue Securities Trust 2024-R01                                    | CUSIP: 20753UAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    848338 | PA      | $847277.15    | 0.25%             | 2044-01-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| TWILIO INC                          | Twilio Inc                                                                      | CUSIP: 90138FAD4<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |   2194000 | PA      | $2096856.70   | 0.63%             | 2031-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                 | Charles Schwab Corp/The                                                         | CUSIP: 808513CB9<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   1773000 | PA      | $1784428.76   | 0.53%             | N/A             | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC            | Celanese US Holdings LLC                                                        | CUSIP: 15089QAX2<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   2049000 | PA      | $2158983.41   | 0.64%             | 2030-11-15      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                 | Freddie Mac STACR REMIC Trust 2024-DNA1                                         | CUSIP: 35564NAX1<br>LEI: 529900N6M839KA246662 | Long             | ABS-MBS          | CORP              | US        |    995565 | PA      | $995873.47    | 0.30%             | 2044-02-25      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN            | Graphic Packaging International LLC                                             | CUSIP: 38869AAC1<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2487552.86   | 0.74%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CAMPBELLS COMPANY/THE               | Campbell's Company/The                                                          | CUSIP: 134429BP3<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |   2530000 | PA      | $2576858.91   | 0.77%             | 2034-03-21      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| STATE OF WISCONSIN INVESTMENT BOARD | STATE OF WISCONSIN INVESTMENT BOARD                                             | CUSIP: 000000000<br>LEI: VY0GIYI3352UC4XOP168 | Long             | RA               | CORP              | US        |   6600616 | PA      | $6600616.00   | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                          | Fannie Mae Pool                                                                 | CUSIP: 3140X6XD8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6524014 | PA      | $6431126.44   | 1.92%             | 2035-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities       | GS Mortgage-Backed Securities Corp Trust 2021-PJ4                               | CUSIP: 36264PAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2254143 | PA      | $2122473.15   | 0.63%             | 2051-09-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                 | Delta Air Lines Inc                                                             | CUSIP: 247361A32<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1798241.41   | 0.54%             | 2030-07-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PENSKE AUTOMOTIVE GROUP             | Penske Automotive Group Inc                                                     | CUSIP: 70959WAK9<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1453606.20   | 0.43%             | 2029-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| GS Mortgage-Backed Securities       | GS Mortgage-Backed Securities Trust 2022-PJ3                                    | CUSIP: 362924AL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    531104 | PA      | $505603.98    | 0.15%             | 2052-08-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                     | United States Treasury Note/Bond                                                | CUSIP: 912810SU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8097000 | PA      | $4524831.29   | 1.35%             | 2051-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| ADVOCATE HEALTH CORP                | Advocate Health & Hospitals Corp                                                | CUSIP: 007589AB0<br>LEI: 549300AEHU3PPOUCIL87 | Long             | DBT              | CORP              | US        |   1670000 | PA      | $1398089.40   | 0.42%             | 2048-08-15      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities       | GS Mortgage-Backed Securities Trust 2022-PJ3                                    | CUSIP: 362924AE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    767431 | PA      | $639426.13    | 0.19%             | 2052-08-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES             | Royal Caribbean Cruises Ltd                                                     | CUSIP: 78017TAB9<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1725000 | PA      | $1732223.87   | 0.52%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| DUKE ENERGY CORP                    | Duke Energy Corp                                                                | CUSIP: 26441CBL8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1595000 | PA      | $1452403.95   | 0.43%             | 2031-06-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                         | Freddie Mac REMICS                                                              | CUSIP: 3137FYX43<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3489622 | PA      | $3309462.50   | 0.99%             | 2041-03-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES               | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150AT1<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    975000 | PA      | $992181.45    | 0.30%             | N/A             | Fixed         | 5.62%                 | No            |                  2 | On Loan: —       |
| HCA INC                             | HCA Inc                                                                         | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1490570.19   | 0.44%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES             | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    875000 | PA      | $899015.48    | 0.27%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JOBSOHIO BEVERAGE SYS STWD LIQ      | JobsOhio Beverage System                                                        | CUSIP: 47770VCT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3635000 | PA      | $3057715.11   | 0.91%             | 2038-01-01      | Fixed         | 2.83%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP               | Truist Financial Corp                                                           | CUSIP: 89788MAP7<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   2213000 | PA      | $2354841.95   | 0.70%             | 2034-06-08      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                     | United States Treasury Note/Bond                                                | CUSIP: 912810SC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10968000 | PA      | $8330110.34   | 2.49%             | 2048-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FIN CO LLC               | Teva Pharmaceutical Finance Co LLC                                              | CUSIP: 88163VAD1<br>LEI: 5493006PITD7MU7WW480 | Long             | DBT              | CORP              | US        |   1985000 | PA      | $2084049.22   | 0.62%             | 2036-02-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                  | Regal Rexnord Corp                                                              | CUSIP: 758750AN3<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   1670000 | PA      | $1769970.06   | 0.53%             | 2030-02-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora      | Chase Home Lending Mortgage Trust Series 2024-1                                 | CUSIP: 16160DAK9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    688521 | PA      | $694710.19    | 0.21%             | 2055-01-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust            | JP Morgan Mortgage Trust 2021-1                                                 | CUSIP: 46592EAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    487926 | PA      | $390633.32    | 0.12%             | 2051-06-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| M/I HOMES INC                       | M/I Homes Inc                                                                   | CUSIP: 55305BAV3<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |    335000 | PA      | $322519.27    | 0.10%             | 2030-02-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| TWILIO INC                          | Twilio Inc                                                                      | CUSIP: 90138FAC6<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |    600000 | PA      | $579585.00    | 0.17%             | 2029-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II,      | Compass Datacenters Issuer II LLC                                               | CUSIP: 20469AAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3050000 | PA      | $3066918.96   | 0.92%             | 2049-02-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESOR            | Marriott Ownership Resorts Inc                                                  | CUSIP: 57164PAF3<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1576045.87   | 0.47%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| DOMINION ENERGY INC                 | Dominion Energy Inc                                                             | CUSIP: 25746UDU0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   2189000 | PA      | $2370141.94   | 0.71%             | 2054-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| MURPHY OIL USA INC                  | Murphy Oil USA Inc                                                              | CUSIP: 626738AE8<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1043785.68   | 0.31%             | 2029-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT INC                       | Open Text Holdings Inc                                                          | CUSIP: 683720AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1075299.01   | 0.32%             | 2030-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A      | California Health Facilities Financing Authority                                | CUSIP: 13032UD88<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   3395000 | PA      | $3243266.25   | 0.97%             | 2037-06-01      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY               | Wells Fargo & Co                                                                | CUSIP: 95002YAA1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1462000 | PA      | $1559380.90   | 0.47%             | N/A             | Fixed         | 7.62%                 | No            |                  2 | On Loan: —       |
| Voya CLO Ltd                        | Voya CLO 2021-2 Ltd                                                             | CUSIP: 92919AAN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1475000 | PA      | $1470603.62   | 0.44%             | 2038-04-20      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                      | AutoNation Inc                                                                  | CUSIP: 05329RAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1504009.38   | 0.45%             | 2032-03-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC                | Kyndryl Holdings Inc                                                            | CUSIP: 50155QAL4<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |   2375000 | PA      | $2167743.08   | 0.65%             | 2031-10-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| PULTEGROUP INC                      | PulteGroup Inc                                                                  | CUSIP: 745867AT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2050000 | PA      | $2203779.83   | 0.66%             | 2035-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LKQ CORP                            | LKQ Corp                                                                        | CUSIP: 501889AF6<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | DBT              | CORP              | US        |   1940000 | PA      | $2077517.97   | 0.62%             | 2033-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| CITIGROUP INC                       | Citigroup Inc                                                                   | CUSIP: 172967PE5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1278000 | PA      | $1340007.45   | 0.40%             | N/A             | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl      | Santander Drive Auto Receivables Trust 2022-7                                   | CUSIP: 80287FAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    251652 | PA      | $251895.07    | 0.08%             | 2028-01-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                          | Fannie Mae Pool                                                                 | CUSIP: 31418DET5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8209906 | PA      | $7673322.97   | 2.29%             | 2049-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BWX TECHNOLOGIES INC                | BWX Technologies Inc                                                            | CUSIP: 05605HAB6<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |   1210000 | PA      | $1191342.41   | 0.36%             | 2028-06-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| American Express Credit Accoun      | American Express Credit Account Master Trust Series 2025-5                      | CUSIP: 02582JKT6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    610000 | PA      | $623049.55    | 0.19%             | 2032-07-15      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                     | Yum! Brands Inc                                                                 | CUSIP: 988498AN1<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1049995.18   | 0.31%             | 2031-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                 | Ashtead Capital Inc                                                             | CUSIP: 04505AAA7<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2065087.94   | 0.62%             | 2032-08-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC               | Micron Technology Inc                                                           | CUSIP: 595112BZ5<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1489097.43   | 0.44%             | 2033-02-09      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES              | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BM6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2386000 | PA      | $2441178.47   | 0.73%             | 2034-01-24      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities       | GS Mortgage-Backed Securities Corp Trust 2021-PJ5                               | CUSIP: 36261HAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    776560 | PA      | $729483.23    | 0.22%             | 2051-10-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                     | United States Treasury Note/Bond                                                | CUSIP: 912810SN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5625000 | PA      | $2692529.33   | 0.80%             | 2050-05-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II             | GLP Capital LP / GLP Financing II Inc                                           | CUSIP: 361841AT6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1420367.70   | 0.42%             | 2034-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust        | Ford Credit Auto Owner Trust 2022-B                                             | CUSIP: 34534LAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    956562 | PA      | $956679.57    | 0.29%             | 2027-08-15      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-24

**Name of Applicant:** AMG Funds III

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer