# EDGAR Filing Document

**Accession Number:** 0000912763
**File Stem:** 0001193125-25-292348
**Filing Date:** 2025-11
**Character Count:** 189458
**Document Hash:** 885ae471e1f1b1142e6d0e7f5ef01289
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-292348.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001193125-25-292348

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Total Return Series, Inc.
- **CENTRAL INDEX KEY:** 0000912763

**ORGANIZATION NAME:**
- **EIN:** 256429335
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07115
- **FILM NUMBER:** 251509926

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 8003417400

**MAIL ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED TOTAL RETURN SERIES INC
- **DATE OF NAME CHANGE:** 19950407

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INSIGHT INSTITUTIONAL SERIES INC
- **DATE OF NAME CHANGE:** 19940118

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STRATEGIC INVESTMENT SERIES INC
- **DATE OF NAME CHANGE:** 19931019

## Series and Classes Contracts Data

### Federated Hermes Ultrashort Bond Fund (Series ID: S000010898)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000030205 | Class A Shares       | FULAX           |
| C000030206 | Institutional Shares | FULIX           |
| C000030207 | Service Shares       | FULBX           |
| C000212356 | Class R6 Shares      | FULLX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes Total Return Series, Inc.

- **b. Investment Company Act file number:** 811-07115

- **c. CIK number of Registrant:** 0000912763

- **d. LEI of Registrant:** 254900I1JON2W1ZB0K47

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

  - **Street Address 1:** Federated Hermes Funds

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Federated Hermes Ultrashort Bond Fund

- **b. EDGAR series identifier (if any):** S000010898

- **c. LEI of Series:** 4SLJRM7FK1CXGQHDBA02

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $3347311442.17

**Total Liabilities:** $96531675.66

**Net Assets:** $3250779766.51

**Delayed Delivery Securities:** $6347523.50

**Cash Not Reported:** $1023390.22

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -14354.651379000000 | **1-Year:** -148452.236091000000 | **5-Year:** -160070.955315000000 | **10-Year:** -8995.036372000000 | **30-Year:** -1209.392944000000

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

- **3-Month:** -183.774586000000 | **1-Year:** -9235.300429000000 | **5-Year:** -31191.501916000000 | **10-Year:** -775.945613000000 | **30-Year:** -30.042274000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000030205 | 0.29%                | 0.62%                | 0.50%                |
| Class ID C000030206 | 0.31%                | 0.74%                | 0.40%                |
| Class ID C000030207 | 0.41%                | 0.62%                | 0.50%                |
| Class ID C000212356 | 0.31%                | 0.74%                | 0.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $331.10                  | $-2304053.69                               |
| Month 2  | $15305.82                | $8692593.32                                |
| Month 3  | $-45025.76               | $1022892.16                                |

**Designated Index Information**

- **Index Name:** Bloomberg Barclays US Government/Credit Bond Index

- **Index Identifier:** LUGCTRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AERCAP IRELAND CAP/GLOBA                                                 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                     | CUSIP: 00774MBC8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   7000000 | PA      | $7254674.07   | 0.22%             | 2028-06-06      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                                       | Ally Bank Auto Credit-Linked Notes Series 2025-A                              | CUSIP: 02007G5G4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1394048 | PA      | $1398006.88   | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                      | American Express Co                                                           | CUSIP: 025816CL1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  21550000 | PA      | $21613076.42  | 0.66%             | 2026-11-04      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust                             | American Express Credit Account Master Trust                                  | CUSIP: 02582JKH2<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |   8000000 | PA      | $8169120.80   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                   | American Honda Finance Corp                                                   | CUSIP: 02665WFS5<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10002926.10  | 0.31%             | 2027-10-22      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receivables Trust                                 | AmeriCredit Automobile Receivables Trust 2023-2                               | CUSIP: 03065UAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18800000 | PA      | $19238703.64  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                                    | ARI Fleet Lease Trust 2024-B                                                  | CUSIP: 04033HAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4037995 | PA      | $4073103.21   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                                                  | Australia & New Zealand Banking Group Ltd                                     | CUSIP: 05252ADN8<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |  10000000 | PA      | $10141124.60  | 0.31%             | 2029-12-16      | Floating      | 5.05%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                                       | Bank of America NA                                                            | CUSIP: 06428CAB0<br>LEI: B4TYDEB6GKMZO031MB27 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5029010.50   | 0.15%             | 2026-08-18      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| BOF URSA FUNDING                                                         | BOF URSA FUNDING                                                              | CUSIP: 072926AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3650000 | PA      | $3708304.19   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                                                   | CNH Industrial Capital LLC                                                    | CUSIP: 12592BAV6<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9983394.00   | 0.31%             | 2030-10-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                          | CVS Health Corp                                                               | CUSIP: 126650DS6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   3340000 | PA      | $3345129.10   | 0.10%             | 2026-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | CarMax Auto Owner Trust 2024-4                                                | CUSIP: 14290DAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1784006.44   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | Carmax Auto Owner Trust 2025-3                                                | CUSIP: 14290FAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2630000 | PA      | $2651248.16   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                                       | Chase Home Lending Mortgage Trust 2023-1                                      | CUSIP: 16159PAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18140528 | PA      | $18376068.56  | 0.57%             | 2054-06-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                                | Chesapeake Funding II LLC                                                     | CUSIP: 165183CY8<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1752954.61   | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                                | Chesapeake Funding II LLC                                                     | CUSIP: 165183DC5<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $4571823.38   | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CITIBANK NA                                                              | Citibank NA                                                                   | CUSIP: 17325FBH0<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   7690000 | PA      | $7712867.37   | 0.24%             | 2026-08-06      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                         | Fannie Mae Connecticut Avenue Securities                                      | CUSIP: 20755CAB4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  11000000 | PA      | $11253710.60  | 0.35%             | 2043-10-25      | Floating      | 6.86%                 | Yes           |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                       | Credit Agricole SA                                                            | CUSIP: 22535WAQ0<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |  10000000 | PA      | $10047017.80  | 0.31%             | 2029-01-09      | Floating      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| Indymac Manufactured Housing Contract                                    | Indymac Manufactured Housing Contract Pass-Through Certificates Series 1997-1 | CUSIP: 22540ABC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1615 | PA      | $1620.41      | 0.00%             | 2028-02-25      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2023-3                                           | CUSIP: 24702EAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5558191.93   | 0.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2024-1                                           | CUSIP: 24702GAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1014949.85   | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2024-1                                           | CUSIP: 24702GAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2028722.30   | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ENBRIDGE INC                                                             | Enbridge Inc                                                                  | CUSIP: 29250NBW4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1555000 | PA      | $1582744.85   | 0.05%             | 2026-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Evergreen Credit Card Trust                                              | Evergreen Credit Card Trust                                                   | CUSIP: 30023JCY2<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | CA        |   3100000 | PA      | $3134258.72   | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 3136B5MD4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    978283 | PA      | $968655.23    | 0.03%             | 2049-07-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 3136BRJ40<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  25883112 | PA      | $25952680.23  | 0.80%             | 2054-05-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                         | Freddie Mac Multifamily Structured Pass Through Certificates                  | CUSIP: 3137F8MQ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11381681 | PA      | $11341914.25  | 0.35%             | 2030-12-25      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                         | Freddie Mac Multifamily Structured Pass Through Certificates                  | CUSIP: 3137F9CM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  18261501 | PA      | $18136511.68  | 0.56%             | 2030-12-25      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae Pool                                                               | CUSIP: 31385HJR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    155398 | PA      | $152808.88    | 0.00%             | 2034-07-01      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae Pool                                                               | CUSIP: 31385YCQ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     23510 | PA      | $23498.41     | 0.00%             | 2040-05-01      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae Pool                                                               | CUSIP: 31388XVV3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    163980 | PA      | $160578.40    | 0.00%             | 2033-08-01      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 31396PV99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1883586 | PA      | $1854265.47   | 0.06%             | 2037-03-25      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| First National Master Note Trust                                         | First National Master Note Trust                                              | CUSIP: 32113CCB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5300000 | PA      | $5415930.35   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                   | General Motors Financial Co Inc                                               | CUSIP: 37045XFH4<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   9985000 | PA      | $10109511.05  | 0.31%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association                                      | CUSIP: 38375B4Y5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    382097 | PA      | $382383.30    | 0.01%             | 2063-07-20      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| HPEFS Equipment Trust                                                    | HPEFS Equipment Trust 2024-1                                                  | CUSIP: 403963AF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7700000 | PA      | $7779710.79   | 0.24%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK                                                 | Huntington National Bank/The                                                  | CUSIP: 44644MAL5<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4991719.90   | 0.15%             | 2028-04-12      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                  | Hyundai Capital America                                                       | CUSIP: 44891ACS4<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6005549.52   | 0.18%             | 2025-11-03      | Floating      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                  | Hyundai Capital America                                                       | CUSIP: 44891AEC7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10057571.90  | 0.31%             | 2030-09-18      | Floating      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                           | Hyundai Auto Receivables Trust 2024-A                                         | CUSIP: 448973AG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $7159312.65   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                           | Hyundai Auto Receivables Trust 2025-C                                         | CUSIP: 44935JAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9000000 | PA      | $9000728.55   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Impac CMB Trust                                                          | Impac CMB Trust Series 2004-7                                                 | CUSIP: 45254NKG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     24157 | PA      | $23888.44     | 0.00%             | 2034-11-25      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                      | JPMorgan Chase & Co                                                           | CUSIP: 46647PET9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  19950000 | PA      | $19981162.30  | 0.61%             | 2029-01-24      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| JW Commercial Mortgage Trust 2024-MRCO                                   | JW Trust 2024-BERY                                                            | CUSIP: 46676AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7000000 | PA      | $7010928.40   | 0.22%             | 2039-11-15      | Floating      | 5.74%                 | Yes           |                  2 | On Loan: No      |
| MPLX LP                                                                  | MPLX LP                                                                       | CUSIP: 55336VCA6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   5970000 | PA      | $6008326.50   | 0.18%             | 2031-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Master Credit Card Trust                                                 | Master Credit Card Trust II                                                   | CUSIP: 576339EA9<br>LEI: 549300G7G68IV2D8IM76 | Long             | ABS-O            | CORP              | CA        |   2750000 | PA      | $2754247.93   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Federated Government Obligations Fund                                    | Federated Hermes Government Obligations Fund                                  | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        | 233224966 | NS      | $233224965.97 | 7.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Navient Student Loan Trust                                               | Navient Private Education Refi Loan Trust 2019-D                              | CUSIP: 63941CAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2975989 | PA      | $2973147.93   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                                    | ARI Fleet Lease Trust 2025-B                                                  | CUSIP: 00193GAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3670000 | PA      | $3710663.97   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                                    | ARI Fleet Lease Trust 2024-A                                                  | CUSIP: 00218KAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1310000 | PA      | $1330304.61   | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AIR LEASE CORP                                                           | Air Lease Corp                                                                | CUSIP: 00914AAV4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7109952.78   | 0.22%             | 2029-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                               | Navient Student Loan Trust                                                    | CUSIP: 63942TAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1529137 | PA      | $1544512.26   | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NextGear Floorplan Master Owner Trust                                    | NextGear Floorplan Master Owner Trust                                         | CUSIP: 65341KCG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11000000 | PA      | $11050098.95  | 0.34%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PFS Financing Corp.                                                      | PFS Financing Corp                                                            | CUSIP: 69335PFG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  21783000 | PA      | $21868502.63  | 0.67%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PNC BANK NA                                                              | PNC Bank NA                                                                   | CUSIP: 69353RFW3<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10003757.70  | 0.31%             | 2027-01-15      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                                   | Roper Technologies Inc                                                        | CUSIP: 776696AL0<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   2380000 | PA      | $2390684.25   | 0.07%             | 2030-09-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                     | Royal Bank of Canada                                                          | CUSIP: 78017DAB4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $10017669.60  | 0.31%             | 2029-01-24      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                                       | Ally Bank Auto Credit-Linked Notes Series 2024-B                              | CUSIP: 02007G4E0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2763950 | PA      | $2778737.67   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                                       | Ally Bank Auto Credit-Linked Notes Series 2025-A                              | CUSIP: 02007G5H2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3717463 | PA      | $3734960.53   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                   | Santander Drive Auto Receivables Trust 2024-1                                 | CUSIP: 80288AAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3600000 | PA      | $3658140.36   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                   | Santander Drive Auto Receivables Trust 2024-5                                 | CUSIP: 802920AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  19000000 | PA      | $19252935.60  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                                       | Ally Bank Auto Credit-Linked Notes Series 2024-A                              | CUSIP: 02007GZ63<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1624248 | PA      | $1644816.27   | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                                       | Ally Bank Auto Credit-Linked Notes Series 2024-A                              | CUSIP: 02007GZ71<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1082832 | PA      | $1099096.09   | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| STATE STREET CORP                                                        | State Street Corp                                                             | CUSIP: 857477CZ4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   2285000 | PA      | $2296955.37   | 0.07%             | 2028-04-24      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                    | Toronto-Dominion Bank/The                                                     | CUSIP: 89115A3D2<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $10060787.50  | 0.31%             | 2029-12-17      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                                              | ALLY AUTO RECEIVABLES TRUST 2023-A                                            | CUSIP: 02008NAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4055264.20   | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                      | American Express Co                                                           | CUSIP: 025816EE5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6086916.24   | 0.19%             | 2029-04-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                   | American Honda Finance Corp                                                   | CUSIP: 02665WGK1<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   9985000 | PA      | $10012265.64  | 0.31%             | 2028-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                                                    | Aon North America Inc                                                         | CUSIP: 03740MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4564418.36   | 0.14%             | 2027-03-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust                                                  | BMW Vehicle Lease Trust                                                       | CUSIP: 05613MAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5350934 | PA      | $5354698.15   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                     | Bank of America Corp                                                          | CUSIP: 06051GJV2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15056446.80  | 0.46%             | 2027-07-22      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Barclays Dryrock Issuance Trust                                          | Barclays Dryrock Issuance Trust                                               | CUSIP: 06742LBB8<br>LEI: 213800R4G3N2G68CHU37 | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $10003233.50  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayview Opportunity Master Fund VII                                      | Bayview Opportunity Master Fund VII 2024-CAR1 LLC                             | CUSIP: 07336QAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1390416 | PA      | $1396699.13   | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AIRCASTLE / IRELAND DAC                                                  | Aircastle Ltd / Aircastle Ireland DAC                                         | CUSIP: 00929JAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6200000 | PA      | $6249594.98   | 0.19%             | 2030-09-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| BHMS Mortgage Trust                                                      | BHMS Commercial Mortgage Trust 2025-ATLS                                      | CUSIP: 088928AC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17000000 | PA      | $17010625.00  | 0.52%             | 2042-08-15      | Floating      | 6.70%                 | Yes           |                  2 | On Loan: No      |
| BNP PARIBAS                                                              | BNP Paribas SA                                                                | CUSIP: 09659W3B8<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  10000000 | PA      | $10111163.30  | 0.31%             | 2029-05-09      | Floating      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                                              | Ally Auto Receivables Trust 2024-1                                            | CUSIP: 02008FAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3032023.95   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                                              | Ally Auto Receivables Trust 2024-1                                            | CUSIP: 02008FAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3537117.68   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                                   | Canadian Imperial Bank of Commerce                                            | CUSIP: 13607PVR2<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $10009504.20  | 0.31%             | 2028-01-13      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | Carmax Auto Owner Trust 2025-3                                                | CUSIP: 14290FAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3150000 | PA      | $3174967.53   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                 | Toyota Motor Credit Corp                                                      | CUSIP: 89236TNR2<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   8090000 | PA      | $8113493.52   | 0.25%             | 2028-09-05      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Trillium Credit Card Trust II                                            | Trillium Credit Card Trust II                                                 | CUSIP: 89621ABN8<br>LEI: 549300P7QN1SDIOQVL28 | Long             | ABS-O            | CORP              | CA        |   7174000 | PA      | $7177382.18   | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                      | American Tower Corp                                                           | CUSIP: 03027XCN8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |   4515000 | PA      | $4606109.00   | 0.14%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BOF URSA FUNDING                                                         | BOF URSA FUNDING                                                              | CUSIP: 072926AF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4650000 | PA      | $4758759.08   | 0.15%             |  |  |  | Yes           |                  2 | On Loan: No      |
| U.S. Bank National Association                                           | US Bank NA                                                                    | CUSIP: 90357PAV6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1682465 | PA      | $1699941.20   | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Waikiki Beach Hotel Trust                                                | WBHT Commercial Mortgage Trust 2025-WBM                                       | CUSIP: 92943QAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11900000 | PA      | $11900019.04  | 0.37%             | 2042-06-15      | Floating      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| CARDS II Trust                                                           | CARDS II Trust                                                                | CUSIP: 14161GCN8<br>LEI: 549300GWPYLNK6X47W76 | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5066999.75   | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | CarMax Auto Owner Trust 2024-1                                                | CUSIP: 14318WAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5068348.50   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayview Opportunity Master Fund VII                                      | Bayview Opportunity Master Fund VII 2024-CAR1 LLC                             | CUSIP: 07336QAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    347604 | PA      | $350042.41    | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Bayview Opportunity Master Fund VII                                      | Bayview Opportunity Master Fund VII 2024-CAR1 LLC                             | CUSIP: 07336QAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    695208 | PA      | $705824.62    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                       | Alternative Loan Trust 2005-51                                                | CUSIP: 12668ARF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     70270 | PA      | $53617.16     | 0.00%             | 2035-11-20      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| CARDS II Trust                                                           | CARDS II Trust                                                                | CUSIP: 14161GCK4<br>LEI: 549300GWPYLNK6X47W76 | Long             | ABS-O            | CORP              | CA        |   5000000 | PA      | $5035975.75   | 0.15%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | CarMax Auto Owner Trust 2024-1                                                | CUSIP: 14318WAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3554976.60   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | Carmax Auto Owner Trust 2025-1                                                | CUSIP: 14319WAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3550000 | PA      | $3619799.75   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| DLLST LLC                                                                | DLLST 2024-1 LLC                                                              | CUSIP: 23346HAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6338191 | PA      | $6362088.22   | 0.20%             |  |  |  | Yes           |                  2 | On Loan: No      |
| DLLAD LLC                                                                | Dllad 2024-1 LLC                                                              | CUSIP: 23346MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1315278 | PA      | $1322316.41   | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2023-3                                           | CUSIP: 24702EAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $10105712.00  | 0.31%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2024-1                                           | CUSIP: 24702GAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2032421.00   | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | CarMax Auto Owner Trust 2024-1                                                | CUSIP: 14318WAH0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3580714.20   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | Carmax Auto Owner Trust 2025-1                                                | CUSIP: 14319WAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3965000 | PA      | $4001443.31   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2023-1                                           | CUSIP: 24702HAL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3501051.40   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                           | Enterprise Fleet Financing 2022-3 LLC                                         | CUSIP: 29374FAB9<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |    316463 | PA      | $316489.91    | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                                | Chesapeake Funding II LLC                                                     | CUSIP: 165183CX0<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $751990.84    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CHI Commercial Mortgage Trust                                            | CHI Commercial Mortgage Trust 2025-SFT                                        | CUSIP: 16706GAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4200000 | PA      | $4312485.24   | 0.13%             | 2042-04-15      | Variable      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | Carmax Auto Owner Trust 2025-1                                                | CUSIP: 14319WAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3825000 | PA      | $3900978.08   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                                | Chesapeake Funding II LLC                                                     | CUSIP: 165183DB7<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3047335.20   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Evergreen Credit Card Trust                                              | Evergreen Credit Card Trust                                                   | CUSIP: 30023JCS5<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | CA        |   6400000 | PA      | $6430287.68   | 0.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 3136BVLD8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  17916061 | PA      | $17938323.56  | 0.55%             | 2055-04-25      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 3136BXKN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  30383917 | PA      | $29968301.66  | 0.92%             | 2050-01-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                         | Freddie Mac Multifamily Structured Pass Through Certificates                  | CUSIP: 3137F6JG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8807416 | PA      | $8798857.54   | 0.27%             | 2030-09-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 3137HDEX4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  16990901 | PA      | $17028780.51  | 0.52%             | 2054-06-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 31395ABZ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    501046 | PA      | $499871.60    | 0.02%             | 2034-06-15      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                            | Citigroup Inc                                                                 | CUSIP: 172967NH0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8086916.72   | 0.25%             | 2028-02-24      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Citibank Credit Card Issuance Trust                                      | Citibank Credit Card Issuance Trust                                           | CUSIP: 17305EGW9<br>LEI: R8AG6FXVDQAMDKCSJJ64 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3006252.60   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                                                 | Citizens Financial Group Inc                                                  | CUSIP: 174610BF1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   3770000 | PA      | $3930415.50   | 0.12%             | 2030-01-23      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| COMERICA INC                                                             | Comerica Inc                                                                  | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |   3675000 | PA      | $3825122.83   | 0.12%             | 2030-01-30      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                                                   | Commonwealth Bank of Australia                                                | CUSIP: 2027A0KZ1<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |   5000000 | PA      | $5034924.05   | 0.15%             | 2030-10-01      | Floating      | 4.96%                 | Yes           |                  2 | On Loan: No      |
| CONCENTRIX CORP                                                          | Concentrix Corp                                                               | CUSIP: 20602DAA9<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |  15340000 | PA      | $15571223.35  | 0.48%             | 2026-08-02      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 31396GE98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    333315 | PA      | $331682.42    | 0.01%             | 2035-12-15      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 31396Q6Q7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    149600 | PA      | $150463.98    | 0.00%             | 2037-04-25      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 31396RKK2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    378540 | PA      | $375819.49    | 0.01%             | 2036-05-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 31396RKP1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    145050 | PA      | $144303.55    | 0.00%             | 2036-05-15      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                                             | Drive Auto Receivables Trust                                                  | CUSIP: 262102AF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  17000000 | PA      | $17328076.20  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 3137FNQV5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3056355 | PA      | $3026506.84   | 0.09%             | 2049-09-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 31397B5Q0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    134224 | PA      | $132344.73    | 0.00%             | 2036-09-15      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 31397HG28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     39405 | PA      | $39069.42     | 0.00%             | 2036-07-15      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                         | Fannie Mae Connecticut Avenue Securities                                      | CUSIP: 207942AB9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  12000000 | PA      | $12462560.40  | 0.38%             | 2043-06-25      | Floating      | 7.46%                 | Yes           |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                                                 | Constellation Brands Inc                                                      | CUSIP: 21036PBS6<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |   1820000 | PA      | $1846609.51   | 0.06%             | 2030-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 31398EDL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     54494 | PA      | $54607.20     | 0.00%             | 2036-07-15      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/Ford Credit                                 | Ford Credit Auto Owner Trust 2023-REV2                                        | CUSIP: 34535CAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4166019.80   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                 | Ford Motor Credit Co LLC                                                      | CUSIP: 345397D26<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  18605000 | PA      | $18849918.64  | 0.58%             | 2026-06-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| General Motors                                                           | GMF Floorplan Owner Revolving Trust                                           | CUSIP: 361886DR2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  16700000 | PA      | $16714944.00  | 0.51%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust                       | GM Financial Consumer Automobile Receivables Trust 2023-3                     | CUSIP: 36267KAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $6111824.10   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                   | General Motors Financial Co Inc                                               | CUSIP: 37045XFD3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9966368.10   | 0.31%             | 2030-01-07      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                                   | Daimler Truck Finance North America LLC                                       | CUSIP: 233853BB5<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12512090.75  | 0.38%             | 2028-01-13      | Floating      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                                  | Dell International LLC / EMC Corp                                             | CUSIP: 24703DBR1<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   6350000 | PA      | $6336215.86   | 0.19%             | 2029-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                                        | GreatAmerica Leasing Receivables Funding LLC                                  | CUSIP: 39154GAL0<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |   8000000 | PA      | $8016794.80   | 0.25%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                                        | GreatAmerica Leasing Receivables                                              | CUSIP: 39154TCE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4067812.80   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                                         | Deutsche Bank AG/New York NY                                                  | CUSIP: 251526DC0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |  10000000 | PA      | $10009335.80  | 0.31%             | 2031-08-04      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                                             | Drive Auto Receivables Trust 2024-2                                           | CUSIP: 26207AAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15000000 | PA      | $15092619.00  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                                             | Drive Auto Receivables Trust 2024-1                                           | CUSIP: 26208WAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14500000 | PA      | $14683936.85  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                                     | Enel Finance International NV                                                 | CUSIP: 29278GBF4<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   7140000 | PA      | $7122627.59   | 0.22%             | 2028-09-30      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust                                 | Ford Credit Floorplan Master Owner Trust A                                    | CUSIP: 34528QHY3<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $10067199.50  | 0.31%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                             | Ford Credit Auto Owner Trust 2022-C                                           | CUSIP: 34535AAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2320000 | PA      | $2330915.25   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| GreenState Auto Receivables Trust                                        | GreenState Auto Receivables Trust 2024-1                                      | CUSIP: 39573AAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2030723.40   | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GreenState Auto Receivables Trust                                        | GreenState Auto Receivables Trust 2024-1                                      | CUSIP: 39573AAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1800000 | PA      | $1827298.44   | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HCA INC                                                                  | HCA Inc                                                                       | CUSIP: 404119CX5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   5385000 | PA      | $5423773.02   | 0.17%             | 2028-03-01      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                                             | Huntington Bank Auto Credit-Linked Notes Series 2025-1                        | CUSIP: 446438SX2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6466803 | PA      | $6512805.21   | 0.20%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                           | Enterprise Fleet Financing 2024-4 LLC                                         | CUSIP: 29374MAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5312591 | PA      | $5327972.11   | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                           | Enterprise Fleet Financing 2024-1 LLC                                         | CUSIP: 29375PAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10452755 | PA      | $10546113.39  | 0.32%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust                       | Gm Financial Consumer Automobile Receivables Trust 2025-3                     | CUSIP: 379957AG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2600000 | PA      | $2619889.22   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association                                      | CUSIP: 38375B3Y6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    187729 | PA      | $187902.30    | 0.01%             | 2063-07-20      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                           | Enterprise Fleet Financing 2024-2 LLC                                         | CUSIP: 29375RAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2596197 | PA      | $2609037.29   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Evergreen Credit Card Trust                                              | Evergreen Credit Card Trust                                                   | CUSIP: 30023JCX4<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | CA        |   4950000 | PA      | $5019513.59   | 0.15%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                                  | Hyundai Auto Lease Securitization Trust 2024-A                                | CUSIP: 448988AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12000000 | PA      | $12103652.40  | 0.37%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                           | Hyundai Auto Receivables Trust                                                | CUSIP: 44935XAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9500000 | PA      | $9678752.00   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac Pool                                                              | CUSIP: 3132DWK93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  23521625 | PA      | $23748620.77  | 0.73%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 3136AVR27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1366859 | PA      | $1339392.48   | 0.04%             | 2047-04-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                  | Hyundai Capital America                                                       | CUSIP: 44891ACM7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6096534.60   | 0.19%             | 2026-09-21      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                                  | Hyundai Auto Lease Securitization Trust 2025-A                                | CUSIP: 44935WAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4865000 | PA      | $4927967.70   | 0.15%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 3136B3QC7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  13849613 | PA      | $13627067.24  | 0.42%             | 2048-12-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 3136BAS96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5057431 | PA      | $4922860.08   | 0.15%             | 2050-07-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 3136BB3Z3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8685626 | PA      | $8200691.73   | 0.25%             | 2060-10-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 3136BVBV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  29801395 | PA      | $29683655.63  | 0.91%             | 2055-03-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 3137A9HR0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    967534 | PA      | $965109.18    | 0.03%             | 2041-04-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 3137B4CT1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    753404 | PA      | $743298.70    | 0.02%             | 2043-08-15      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| JW Commercial Mortgage Trust 2024-MRCO                                   | JW Commercial Mortgage Trust 2024-MRCO                                        | CUSIP: 46657XAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  22000000 | PA      | $22041247.80  | 0.68%             | 2039-06-15      | Floating      | 6.54%                 | Yes           |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                                               | LAD Auto Receivables Trust 2024-2                                             | CUSIP: 505920AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3579280.25   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 3137F24X1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1431179 | PA      | $1394505.92   | 0.04%             | 2047-07-15      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                         | Freddie Mac Multifamily Structured Pass Through Certificates                  | CUSIP: 3137F73C7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4954628 | PA      | $4949132.17   | 0.15%             | 2027-10-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                                  | Metropolitan Life Global Funding I                                            | CUSIP: 592179KM6<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   7690000 | PA      | $7733868.91   | 0.24%             | 2027-06-11      | Floating      | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Navient Student Loan Trust                                               | Navient Private Education Refi Loan Trust 2021-c                              | CUSIP: 63942JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  22053502 | PA      | $20229976.09  | 0.62%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NextGear Floorplan Master Owner Trust                                    | NextGear Floorplan Master Owner Trust                                         | CUSIP: 65341KBY1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12000000 | PA      | $12071815.80  | 0.37%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NextGear Floorplan Master Owner Trust                                    | NextGear Floorplan Master Owner Trust                                         | CUSIP: 65345GAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4750000 | PA      | $4761876.66   | 0.15%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 3137FU5D2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  26433595 | PA      | $25602961.38  | 0.79%             | 2050-07-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 3137FUQ98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11436863 | PA      | $11300717.24  | 0.35%             | 2050-07-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Chase Auto Credit Linked Notes                                           | Chase Auto Credit Linked Notes Series 2025-1                                  | CUSIP: 46591HCT5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2448509 | PA      | $2464146.06   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                                               | LAD Auto Receivables Trust 2025-2                                             | CUSIP: 505912AH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4900000 | PA      | $4936171.31   | 0.15%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Nissan Master Owner Trust Receivables                                    | Nissan Master Owner Trust Receivables                                         | CUSIP: 65479VAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  17000000 | PA      | $17014953.20  | 0.52%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Nissan Auto Lease Trust                                                  | Nissan Auto Lease Trust 2025-B                                                | CUSIP: 65481RAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $6039313.50   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                         | Freddie Mac Multifamily Structured Pass Through Certificates                  | CUSIP: 3137H2NK6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9083793 | PA      | $9048993.90   | 0.28%             | 2028-08-25      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 3137HC4T6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  31337042 | PA      | $31237359.27  | 0.96%             | 2054-04-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 3137HCY63<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12742570 | PA      | $12770380.28  | 0.39%             | 2054-06-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 3137HHAP6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  20206120 | PA      | $20176958.73  | 0.62%             | 2054-11-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                                                      | PFS Financing Corp                                                            | CUSIP: 69335PFM2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3017368.80   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                   | PNC Financial Services Group Inc/The                                          | CUSIP: 693475BT1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   3865000 | PA      | $3959980.48   | 0.12%             | 2027-10-20      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Porsche Innovative Lease Owner Trust                                     | Porsche Innovative Lease Owner Trust 2024-2                                   | CUSIP: 73328NAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3197885 | PA      | $3199565.39   | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust                                | SFS Auto Receivables Securitization Trust 2023-1                              | CUSIP: 78398AAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5621965.80   | 0.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae Pool                                                               | CUSIP: 31385HHZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10652 | PA      | $10533.41     | 0.00%             | 2030-04-01      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 31392F6K8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     45839 | PA      | $46140.36     | 0.00%             | 2032-12-18      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                | ONEOK Inc                                                                     | CUSIP: 682680BH5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   5895000 | PA      | $5971526.18   | 0.18%             | 2026-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Santander Consumer Auto Receivables Trust                                | Santander Consumer Auto Receivables Trust 2021-A                              | CUSIP: 80282YAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1745702.44   | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                   | Santander Drive Auto Receivables Trust 2024-4                                 | CUSIP: 802919AF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15000000 | PA      | $15300118.50  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                                                   | Tesla Auto Lease Trust 2024-A                                                 | CUSIP: 88166VAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6850000 | PA      | $6904533.54   | 0.21%             |  |  |  | Yes           |                  2 | On Loan: No      |
| FannieMae Whole Loan                                                     | Fannie Mae Trust 2006-W1                                                      | CUSIP: 31395B5N9<br>LEI: 5493001NEANKKEPIN618 | Long             | ABS-MBS          | USGSE             | US        |    256365 | PA      | $254068.68    | 0.01%             | 2046-02-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 31395NAY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    100608 | PA      | $100269.10    | 0.00%             | 2036-06-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 31396KM90<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    409528 | PA      | $405276.48    | 0.01%             | 2036-09-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 31396R3N5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     92296 | PA      | $91811.63     | 0.00%             | 2034-02-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                     | Verizon Master Trust                                                          | CUSIP: 92348KEJ8<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   5065000 | PA      | $5106227.07   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                 | Volkswagen Group of America Finance LLC                                       | CUSIP: 928668CW0<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   3265000 | PA      | $3276238.75   | 0.10%             | 2028-09-11      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                                              | SBNA Auto Receivables Trust 2024-A                                            | CUSIP: 78437PAH6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6500000 | PA      | $6839791.08   | 0.21%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                                              | SBNA Auto Receivables Trust 2025-SF1                                          | CUSIP: 78437XAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1175000 | PA      | $1185691.74   | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Certificates                                  | WaMu Mortgage Pass-Through Certificates Series 2006-AR17 Trust                | CUSIP: 92925DAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    152661 | PA      | $129753.34    | 0.00%             | 2046-12-25      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 31396TZ89<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     32799 | PA      | $32477.32     | 0.00%             | 2036-07-15      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 31396XB29<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    120272 | PA      | $119268.72    | 0.00%             | 2037-07-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Santander Consumer Auto Receivables Trust                                | Santander Consumer Auto Receivables Trust 2021-A                              | CUSIP: 80282YAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    602553 | PA      | $601111.71    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                   | Santander Drive Auto Receivables Trust 2022-6                                 | CUSIP: 802918AE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4253902 | PA      | $4264865.42   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| SEMPRA                                                                   | Sempra Energy                                                                 | CUSIP: 816851BQ1<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10090201.00  | 0.31%             | 2026-08-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                                                   | Tesla Auto Lease Trust 2024-B                                                 | CUSIP: 881934AG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12400000 | PA      | $12503308.74  | 0.38%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 31396XVJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    212792 | PA      | $210879.12    | 0.01%             | 2037-09-25      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 31397MGS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     58735 | PA      | $59324.47     | 0.00%             | 2037-06-25      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| TEXAS Commercial Mortgage Trust                                          | TEXAS Commercial Mortgage Trust 2025-TWR                                      | CUSIP: 88231WAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1394754.62   | 0.04%             | 2042-04-15      | Floating      | 6.29%                 | Yes           |                  3 | On Loan: No      |
| US BANK NA CINCINNATI                                                    | US Bank NA/Cincinnati OH                                                      | CUSIP: 90331HPS6<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8072028.96   | 0.25%             | 2028-05-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 31398EK29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    150636 | PA      | $151885.30    | 0.00%             | 2037-07-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 31398NWL4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3261347 | PA      | $3242660.56   | 0.10%             | 2040-10-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Federated Core Trust - Federated Bank Loan Core Fund                     | FEDERATED CORE TR FEDERATED BANK LOAN CORE FUND                               | CUSIP: 31409N804<br>LEI: 549300FJK5JF0KIC2N83 | Long             | EC               | RF                | US        |  12076608 | NS      | $103617298.85 | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae Pool                                                               | CUSIP: 3140A92G4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  18498385 | PA      | $18907759.90  | 0.58%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac Pool                                                              | CUSIP: 3142J6B28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  25000000 | PA      | $25219777.50  | 0.78%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| First National Master Note Trust                                         | First National Master Note Trust                                              | CUSIP: 32113CBV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5027502.00   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| First National Master Note Trust                                         | First National Master Note Trust                                              | CUSIP: 32113CBY5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8000000 | PA      | $8134716.80   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Trust                                          | Fontainebleau Miami Beach Mortgage Trust 2024-FBLU                            | CUSIP: 34461WAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1750000 | PA      | $1751092.35   | 0.05%             | 2039-12-15      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                                             | Ford Credit Auto Lease Trust 2025-A                                           | CUSIP: 345282AF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10250000 | PA      | $10356358.10  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust                                 | Ford Credit Floorplan Master Owner Trust A                                    | CUSIP: 34528QHZ0<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |  13000000 | PA      | $13134273.10  | 0.40%             |  |  |  | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                 | Ford Motor Credit Co LLC                                                      | CUSIP: 345397F99<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9989921.50   | 0.31%             | 2026-11-05      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| GECU Auto Receivables Trust                                              | GECU Auto Receivables Trust 2023-1                                            | CUSIP: 36169EAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $7068677.00   | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| General Motors                                                           | GMF Floorplan Owner Revolving Trust                                           | CUSIP: 361886DB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6750000 | PA      | $6774355.69   | 0.21%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust                       | GM Financial Consumer Automobile Receivables Trust 2023-3                     | CUSIP: 36267KAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3250000 | PA      | $3306480.45   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust                       | Gm Financial Consumer Automobile Receivables Trust 2025-3                     | CUSIP: 379957AF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1850000 | PA      | $1872359.56   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDEN CREDIT CARD TRUST                                                 | GOLDEN CREDIT CARD TRUST                                                      | CUSIP: 380881FD9<br>LEI: 549300BEDPMEONLTJX58 | Long             | ABS-O            | CORP              | US        |   4250000 | PA      | $4124930.15   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Golden Credit Card Trust                                                 | Golden Credit Card Trust                                                      | CUSIP: 380881FG2<br>LEI: 549300BEDPMEONLTJX58 | Long             | ABS-O            | CORP              | CA        |   4000000 | PA      | $3878393.00   | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                  | Goldman Sachs Group Inc/The                                                   | CUSIP: 38141GYR9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  12275000 | PA      | $12318008.90  | 0.38%             | 2027-10-21      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                  | Goldman Sachs Group Inc/The                                                   | CUSIP: 38141GZL1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   9375000 | PA      | $9442224.75   | 0.29%             | 2028-02-24      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association                                      | CUSIP: 38375BC42<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    664648 | PA      | $663455.64    | 0.02%             | 2062-11-20      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association                                      | CUSIP: 38384NPP4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  16960931 | PA      | $16974840.63  | 0.52%             | 2054-05-20      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                                        | GreatAmerica Leasing Receivables Funding LLC Series 2024-2                    | CUSIP: 39154GAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11760000 | PA      | $11968273.13  | 0.37%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                                        | GreatAmerica Leasing Receivables Funding LLC                                  | CUSIP: 39154GAM8<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3031117.35   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                                        | GreatAmerica Leasing Receivables                                              | CUSIP: 39154TCF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3064315.80   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GreenState Auto Receivables Trust                                        | GreenState Auto Receivables Trust 2024-1                                      | CUSIP: 39573AAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1600000 | PA      | $1625969.28   | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HCA INC                                                                  | HCA Inc                                                                       | CUSIP: 404119CP2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   4600000 | PA      | $4711881.25   | 0.14%             | 2028-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| HPEFS Equipment Trust                                                    | HPEFS Equipment Trust 2023-2                                                  | CUSIP: 44328UAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $7085615.60   | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Impac CMB Trust                                                          | Impac CMB Trust Series 2004-9                                                 | CUSIP: 45254NKY2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     65446 | PA      | $63956.68     | 0.00%             | 2035-01-25      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                 | JP Morgan Mortgage Trust 2021-1                                               | CUSIP: 46592EBC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10713456 | PA      | $10111268.34  | 0.31%             | 2051-06-25      | Floating      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| JW Commercial Mortgage Trust 2024-MRCO                                   | JW Trust 2024-BERY                                                            | CUSIP: 46676AAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2004376.40   | 0.06%             | 2039-11-15      | Floating      | 6.39%                 | Yes           |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                                     | Keurig Dr Pepper Inc                                                          | CUSIP: 49271VAS9<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   1272000 | PA      | $1274601.94   | 0.04%             | 2027-03-15      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                                               | LAD Auto Receivables Trust 2024-3                                             | CUSIP: 505709AG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2800000 | PA      | $2806806.24   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                                                  | Corebridge Global Funding                                                     | CUSIP: 00138CAX6<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5144227.85   | 0.16%             | 2029-01-12      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                                    | ARI Fleet Lease Trust 2024-A                                                  | CUSIP: 00218KAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3326208 | PA      | $3349201.31   | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                       | Ally Financial Inc                                                            | CUSIP: 02005NBZ2<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   4210000 | PA      | $4310331.54   | 0.13%             | 2029-05-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                                       | Ally Bank Auto Credit-Linked Notes Series 2024-B                              | CUSIP: 02007G4F7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3685267 | PA      | $3713983.86   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                                               | LAD Auto Receivables Trust 2024-2                                             | CUSIP: 505920AF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2300000 | PA      | $2364433.35   | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                     | M&T Bank Corp                                                                 | CUSIP: 55261FAU8<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   2665000 | PA      | $2698554.43   | 0.08%             | 2029-01-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: —       |
| Ally Bank Auto Credit-Linked Notes                                       | Ally Bank Auto Credit-Linked Notes Series 2024-A                              | CUSIP: 02007GZ55<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1082832 | PA      | $1102178.58   | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                                              | Ally Auto Receivables Trust 2023-1                                            | CUSIP: 02007WAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2552128.00   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| American Express Credit Account Master Trust                             | American Express Credit Account Master Trust Series 2025-5                    | CUSIP: 02582JKT6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3400000 | PA      | $3476618.83   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                   | American Honda Finance Corp                                                   | CUSIP: 02665WGD7<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   9685000 | PA      | $9766567.84   | 0.30%             | 2027-07-09      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                                    | ARI Fleet Lease Trust 2025-A                                                  | CUSIP: 04033CAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2400000 | PA      | $2416023.36   | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                                    | ARI Fleet Lease Trust 2025-A                                                  | CUSIP: 04033CAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2200000 | PA      | $2214861.44   | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC                                               | MMAF Equipment Finance LLC 2023-A                                             | CUSIP: 55317WAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    949610 | PA      | $951796.78    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                                                 | Marsh & McLennan Cos Inc                                                      | CUSIP: 571748BZ4<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |   2940000 | PA      | $2954410.65   | 0.09%             | 2027-11-08      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                     | Bank of America Corp                                                          | CUSIP: 06051GMN6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5006095.00   | 0.15%             | 2029-01-24      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                         | Bank of Montreal                                                              | CUSIP: 06368FAD1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $10021563.70  | 0.31%             | 2026-09-15      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW ZEALAND                                                      | Bank of New Zealand                                                           | CUSIP: 06407EAD7<br>LEI: N7LGVZM7X4UQ66T7LT74 | Long             | DBT              | CORP              | NZ        |  15000000 | PA      | $15039825.45  | 0.46%             | 2027-01-27      | Floating      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                                      | Bank of Nova Scotia/The                                                       | CUSIP: 0641598M1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  20000000 | PA      | $20048828.60  | 0.62%             | 2026-09-15      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| MASSMUTUAL GLOBAL FUNDIN                                                 | MassMutual Global Funding II                                                  | CUSIP: 57629TBS5<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10051581.50  | 0.31%             | 2027-04-09      | Floating      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| Master Credit Card Trust                                                 | Master Credit Card Trust II                                                   | CUSIP: 576339DG7<br>LEI: 549300G7G68IV2D8IM76 | Long             | ABS-O            | CORP              | CA        |   3625000 | PA      | $3625767.41   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Master Credit Card Trust                                                 | Master Credit Card Trust II                                                   | CUSIP: 576339DH5<br>LEI: 549300G7G68IV2D8IM76 | Long             | ABS-O            | CORP              | CA        |   2750000 | PA      | $2753428.29   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Master Credit Card Trust                                                 | Master Credit Card Trust II                                                   | CUSIP: 576339DR3<br>LEI: 549300G7G68IV2D8IM76 | Long             | ABS-O            | CORP              | CA        |   1650000 | PA      | $1706155.52   | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BAYER US FINANCE LLC                                                     | Bayer US Finance LLC                                                          | CUSIP: 07274EAH6<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |   3420000 | PA      | $3480298.57   | 0.11%             | 2026-11-21      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| BLACK HILLS CORP                                                         | Black Hills Corp                                                              | CUSIP: 092113AY5<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |   7450000 | PA      | $7454466.80   | 0.23%             | 2031-01-31      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                             | Broadcom Inc                                                                  | CUSIP: 11135FBZ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   9570000 | PA      | $9737121.87   | 0.30%             | 2027-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                                   | Canadian Imperial Bank of Commerce                                            | CUSIP: 13607QFC1<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   6250000 | PA      | $6260832.13   | 0.19%             | 2028-09-08      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | CarMax Auto Owner Trust 2024-2                                                | CUSIP: 14319EAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $7225295.00   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                                | Chesapeake Funding II LLC                                                     | CUSIP: 165183CW2<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1007388.05   | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                                                   | Morgan Stanley Bank NA                                                        | CUSIP: 61690U7Z7<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6032077.08   | 0.19%             | 2028-01-14      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                                                  | National Australia Bank Ltd                                                   | CUSIP: 632525CC3<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |   7000000 | PA      | $7080250.73   | 0.22%             | 2030-01-14      | Floating      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| NATIONAL FUEL GAS CO                                                     | National Fuel Gas Co                                                          | CUSIP: 636180BS9<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |   6130000 | PA      | $6196928.20   | 0.19%             | 2026-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                                      | NatWest Markets PLC                                                           | CUSIP: 63906YAE8<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   9000000 | PA      | $9024934.77   | 0.28%             | 2026-09-29      | Floating      | 4.91%                 | Yes           |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                                | Chesapeake Funding II LLC                                                     | CUSIP: 165183DF8<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   1800000 | PA      | $1833422.85   | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                                | Chesapeake Funding II LLC                                                     | CUSIP: 165183DG6<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3571380.05   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Navistar Financial Dealer Note Master Trust                              | Navistar Financial Dealer Note Master Owner Trust                             | CUSIP: 63938PBW8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $7053209.45   | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Navient Student Loan Trust                                               | Navient Private Education Refi Loan Trust 2021-A                              | CUSIP: 63942BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9367185 | PA      | $8607790.20   | 0.26%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CITIBANK NA                                                              | Citibank NA                                                                   | CUSIP: 17325FBM9<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5008300.00   | 0.15%             | 2027-11-19      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2023-3                                           | CUSIP: 24702EAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3546988.90   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Navient Student Loan Trust                                               | Navient Private Education Refi Loan Trust 2021-F                              | CUSIP: 63942GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  26773675 | PA      | $23947929.00  | 0.74%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                                | Nelnet Student Loan Trust 2021-D                                              | CUSIP: 64034YAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  22538273 | PA      | $22190475.19  | 0.68%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                   | NextEra Energy Capital Holdings Inc                                           | CUSIP: 65339KDH0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   7230000 | PA      | $7294033.58   | 0.22%             | 2028-02-04      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| NextGear Floorplan Master Owner Trust                                    | NextGear Floorplan Master Owner Trust                                         | CUSIP: 65341KCB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13000000 | PA      | $13071981.00  | 0.40%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                                  | Nissan Motor Acceptance Co LLC                                                | CUSIP: 65480CAJ4<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9982786.10   | 0.31%             | 2027-09-13      | Floating      | 6.23%                 | Yes           |                  2 | On Loan: No      |
| PFS Financing Corp.                                                      | PFS Financing Corp                                                            | CUSIP: 69335PFD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7600000 | PA      | $7616426.64   | 0.23%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CARDS II Trust                                                           | CARDS II Trust                                                                | CUSIP: 14161GCL2<br>LEI: 549300GWPYLNK6X47W76 | Long             | ABS-O            | CORP              | CA        |   5000000 | PA      | $5049486.00   | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CARDS II Trust                                                           | CARDS II Trust                                                                | CUSIP: 14161GCP3<br>LEI: 549300GWPYLNK6X47W76 | Long             | ABS-O            | CORP              | US        |   7392000 | PA      | $7460119.87   | 0.23%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                                | Chesapeake Funding II LLC                                                     | CUSIP: 165183DJ0<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   8362505 | PA      | $8365233.43   | 0.26%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2023-2                                           | CUSIP: 24703GAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2508062.13   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2025-1                                           | CUSIP: 24703UAL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1460000 | PA      | $1484290.31   | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PFS Financing Corp.                                                      | PFS Financing Corp                                                            | CUSIP: 69335PFH3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3509663.15   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PenFed Auto Receivables Owner Trust                                      | PenFed Auto Receivables Owner Trust 2022-A                                    | CUSIP: 706874AG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $800658.36    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Citizens Auto Receivables Trust                                          | Citizens Auto Receivables Trust 2024-2                                        | CUSIP: 17331XAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700669 | PA      | $700783.98    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO                                                 | Columbia Pipelines Holding Co LLC                                             | CUSIP: 19828AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2825000 | PA      | $2863626.76   | 0.09%             | 2026-08-15      | Fixed         | 6.06%                 | Yes           |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                                 | Penske Truck Leasing Co Lp / PTL Finance Corp                                 | CUSIP: 709599BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1985000 | PA      | $2009847.20   | 0.06%             | 2027-01-12      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                     | Royal Bank of Canada                                                          | CUSIP: 78016HZU7<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   4500000 | PA      | $4530157.70   | 0.14%             | 2027-01-19      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust                                | SFS Auto Receivables Securitization Trust 2024-2                              | CUSIP: 78397XAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5133122.75   | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust                                | SFS Auto Receivables Securitization Trust 2023-1                              | CUSIP: 78398AAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6950000 | PA      | $7119618.92   | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust                                | SFS Auto Receivables Securitization Trust 2024-1                              | CUSIP: 78435VAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4075427.00   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                                              | SBNA Auto Receivables Trust 2024-A                                            | CUSIP: 78437PAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4225000 | PA      | $4296302.58   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2025-1                                           | CUSIP: 24703UAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1730000 | PA      | $1754279.86   | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                                 | Electricite de France SA                                                      | CUSIP: 28504DAB9<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |   3385000 | PA      | $3502991.05   | 0.11%             | 2028-05-23      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                                              | SBNA Auto Receivables Trust 2025-SF1                                          | CUSIP: 78437XAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3059158 | PA      | $3063424.79   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                                         | SMB Private Education Loan Trust 2021-D                                       | CUSIP: 78449MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4918863 | PA      | $4855086.37   | 0.15%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NEW CENTURY                                                              | NEW CENTURY CLASS D 1999 1                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    109416 | PA      | $0.00         | 0.00%             | 2029-01-25      | Variable      | 8.75%                 | No            |                  3 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes                                  | Santander Bank Auto Credit-Linked Notes Series 2024-B                         | CUSIP: 80280BAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3850000 | PA      | $3876297.23   | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Countrywide Asset-Backed Certificates                                    | CWABS Inc Asset-Backed Certificates Trust 2004-4                              | CUSIP: 1266715J1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     28887 | PA      | $29135.02     | 0.00%             | 2034-08-25      | Floating      | 3.22%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                         | Freddie Mac Multifamily Structured Pass Through Certificates                  | CUSIP: 3137F84M2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12798490 | PA      | $12739696.53  | 0.39%             | 2030-11-25      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 31396R6R3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     80902 | PA      | $80427.59     | 0.00%             | 2035-08-15      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 31397JYE8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     28692 | PA      | $28428.17     | 0.00%             | 2037-07-15      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Chase Auto Credit Linked Notes                                           | Chase Auto Credit Linked Notes Series 2025-1                                  | CUSIP: 46591HCU2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1840950 | PA      | $1854159.44   | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Master Credit Card Trust                                                 | Master Credit Card Trust II                                                   | CUSIP: 576339DS1<br>LEI: 549300G7G68IV2D8IM76 | Long             | ABS-O            | CORP              | CA        |   5000000 | PA      | $5167825.00   | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST                                                | Nelnet Student Loan Trust 2021-C                                              | CUSIP: 64035GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3776287 | PA      | $3757889.19   | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PenFed Auto Receivables Owner Trust                                      | PenFed Auto Receivables Owner Trust 2025-A                                    | CUSIP: 706916AG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1230000 | PA      | $1227313.93   | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                   | Santander Drive Auto Receivables Trust 2024-2                                 | CUSIP: 80286YAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20000000 | PA      | $20782899.00  | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                   | Santander Drive Auto Receivables Trust 2025-2                                 | CUSIP: 80287NAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13500000 | PA      | $13753714.28  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| TEXAS Commercial Mortgage Trust                                          | TEXAS Commercial Mortgage Trust 2025-TWR                                      | CUSIP: 88231WAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9000000 | PA      | $8974666.80   | 0.28%             | 2042-04-15      | Floating      | 5.44%                 | Yes           |                  3 | On Loan: No      |
| Truist Bank Auto Credit-Linked Notes                                     | Truist Bank Auto Credit-Linked Notes Series 2025-1                            | CUSIP: 897926CC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5509282.90   | 0.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 3136B6BF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11067903 | PA      | $10917456.59  | 0.34%             | 2049-09-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 3136BWZL3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  30562622 | PA      | $30629058.77  | 0.94%             | 2055-08-25      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                                             | Drive Auto Receivables Trust 2025-2                                           | CUSIP: 262103AG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11500000 | PA      | $11570786.53  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                           | Enterprise Fleet Financing 2023-3 LLC                                         | CUSIP: 29374LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6390207 | PA      | $6488294.54   | 0.20%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Securitized Term Auto Receivables Trust                                  | Securitized Term Auto Receivables Trust                                       | CUSIP: 81378RAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |   2126290 | PA      | $2138815.20   | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Securitized Term Auto Receivables Trust                                  | Securitized Term Auto Receivables Trust                                       | CUSIP: 81378RAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |   2480672 | PA      | $2516212.82   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 3137BKUC2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14295712 | PA      | $14020239.14  | 0.43%             | 2045-07-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 3137F7JH9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6301570 | PA      | $6015085.16   | 0.19%             | 2050-12-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Securitized Term Auto Receivables Trust                                  | Securitized Term Auto Receivables Trust 2025-B                                | CUSIP: 81378WAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |   4079576 | PA      | $4103899.07   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                                   | Sequoia Mortgage Trust 2012-6                                                 | CUSIP: 81744NAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    368956 | PA      | $318733.50    | 0.01%             | 2042-12-25      | Variable      | 1.81%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                   | Standard Chartered PLC                                                        | CUSIP: 85325C2G6<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   6000000 | PA      | $6139840.74   | 0.19%             | 2031-05-13      | Floating      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| STELLANTIS FIN US INC                                                    | Stellantis Finance US Inc                                                     | CUSIP: 85855CAM2<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3040181.52   | 0.09%             | 2028-03-17      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                         | Freddie Mac Multifamily Structured Pass Through Certificates                  | CUSIP: 3137F84A8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11984051 | PA      | $11948285.56  | 0.37%             | 2030-11-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                         | Freddie Mac Multifamily Structured Pass Through Certificates                  | CUSIP: 3137FTZZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6182042 | PA      | $6188670.66   | 0.19%             | 2030-05-25      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac Pool                                                              | CUSIP: 3132DWLL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  21608924 | PA      | $21817461.43  | 0.67%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                         | Freddie Mac Multifamily Structured Pass Through Certificates                  | CUSIP: 3137F72K0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3381495 | PA      | $3372074.08   | 0.10%             | 2030-10-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Trillium Credit Card Trust II                                            | Trillium Credit Card Trust II                                                 | CUSIP: 89621ABP3<br>LEI: 549300P7QN1SDIOQVL28 | Long             | ABS-O            | CORP              | CA        |   3305000 | PA      | $3306375.05   | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Trillium Credit Card Trust II                                            | Trillium Credit Card Trust II                                                 | CUSIP: 89621ACA5<br>LEI: 549300P7QN1SDIOQVL28 | Long             | ABS-O            | CORP              | CA        |   3000000 | PA      | $3006258.75   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 31396QVX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8212 | PA      | $8193.94      | 0.00%             | 2039-08-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK NA                                                      | Fifth Third Bank NA                                                           | CUSIP: 31677QBV0<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |   8825000 | PA      | $8840483.90   | 0.27%             | 2028-01-28      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| HPEFS Equipment Trust                                                    | HPEFS Equipment Trust 2024-2                                                  | CUSIP: 40444MAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10500000 | PA      | $10751389.43  | 0.33%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Navient Student Loan Trust                                               | Navient Private Education Refi Loan Trust 2020-H                              | CUSIP: 63935BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3509197 | PA      | $3322100.78   | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                                  | Nissan Motor Acceptance Co LLC                                                | CUSIP: 65480CAE5<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7602768.68   | 0.23%             | 2026-09-15      | Fixed         | 6.95%                 | Yes           |                  2 | On Loan: No      |
| PenFed Auto Receivables Owner Trust                                      | PenFed Auto Receivables Owner Trust 2022-A                                    | CUSIP: 706874AF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1582000 | PA      | $1584657.44   | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 3137FMKA9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10045068 | PA      | $9927520.14   | 0.31%             | 2049-07-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 3137FPAS4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15074868 | PA      | $14837063.11  | 0.46%             | 2049-10-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes                                  | Santander Bank Auto Credit-Linked Notes Series 2024-B                         | CUSIP: 80280BAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5541374.03   | 0.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                                                   | Tesla Auto Lease Trust 2023-B                                                 | CUSIP: 88167QAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $10027053.50  | 0.31%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Trillium Credit Card Trust II                                            | Trillium Credit Card Trust II                                                 | CUSIP: 89621ACB3<br>LEI: 549300P7QN1SDIOQVL28 | Long             | ABS-O            | CORP              | CA        |   2500000 | PA      | $2502851.38   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| TRUIST BANK                                                              | Truist Bank                                                                   | CUSIP: 89788JAG4<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10007644.30  | 0.31%             | 2028-07-24      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 3137HDLC2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  24012713 | PA      | $23972433.92  | 0.74%             | 2054-07-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 3137HFHN8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  25491717 | PA      | $25505329.18  | 0.78%             | 2054-07-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 31395N3L9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    574350 | PA      | $569694.41    | 0.02%             | 2036-07-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 31396KYA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    116728 | PA      | $115789.42    | 0.00%             | 2036-08-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| VERISK ANALYTICS INC                                                     | Verisk Analytics Inc                                                          | CUSIP: 92345YAM8<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1354639.55   | 0.04%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                     | Verizon Master Trust                                                          | CUSIP: 92348KCP6<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   7250000 | PA      | $7349723.03   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                     | Verizon Master Trust                                                          | CUSIP: 92348KEB5<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   8400000 | PA      | $8490330.24   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                 | Volkswagen Group of America Finance LLC                                       | CUSIP: 928668CD2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10018653.70  | 0.31%             | 2026-03-20      | Floating      | 4.98%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 31397GZ94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    140652 | PA      | $139140.02    | 0.00%             | 2036-07-15      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 31397PHA1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    592466 | PA      | $589689.09    | 0.02%             | 2037-11-15      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                 | Volkswagen Group of America Finance LLC                                       | CUSIP: 928668CT7<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2008309.00   | 0.06%             | 2027-03-25      | Floating      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                                      | Wells Fargo Bank NA                                                           | CUSIP: 94988J6G7<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6049096.32   | 0.19%             | 2026-12-11      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                    | Wells Fargo & Co                                                              | CUSIP: 95000U3S0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  13045000 | PA      | $13074274.68  | 0.40%             | 2028-01-24      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Wheels Fleet Lease Funding LLC                                           | Wheels Fleet Lease Funding 1 LLC                                              | CUSIP: 96328GCM7<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3514282.28   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Wheels Fleet Lease Funding LLC                                           | Wheels Fleet Lease Funding 1 LLC                                              | CUSIP: 96328GCN5<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |   7500000 | PA      | $7531473.38   | 0.23%             |  |  |  | Yes           |                  2 | On Loan: No      |
| World OMNI Select Auto Trust                                             | World Omni Select Auto Trust 2021-A                                           | CUSIP: 98163HAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1151024 | PA      | $1149337.77   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Trust                                          | Fontainebleau Miami Beach Mortgage Trust 2024-FBLU                            | CUSIP: 34461WAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4875000 | PA      | $4879576.65   | 0.15%             | 2039-12-15      | Floating      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust                                 | Ford Credit Floorplan Master Owner Trust A                                    | CUSIP: 34528QHX5<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |  14000000 | PA      | $14060509.40  | 0.43%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                                                   | US 5YR NOTE (CBT) DEC25                                                       | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -760 | NC      | $-104790.38   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust                                 | Ford Credit Floorplan Master Owner Trust A                                    | CUSIP: 34528QJL9<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |  12000000 | PA      | $12018933.00  | 0.37%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                                             | Ford Credit Auto Lease Trust 2023-B                                           | CUSIP: 34529NAH3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $7060329.15   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| GECU Auto Receivables Trust                                              | GECU Auto Receivables Trust 2023-1                                            | CUSIP: 36169EAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2650000 | PA      | $2683864.62   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust                       | GM Financial Consumer Automobile Receivables Trust 2024-1                     | CUSIP: 36268GAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2294541.34   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust                                    | Gm Financial Automobile Leasing Trust 2025-2                                  | CUSIP: 362962AG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11000000 | PA      | $11136305.40  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                   | General Motors Financial Co Inc                                               | CUSIP: 37045XDQ6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10006283.40  | 0.31%             | 2027-02-26      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association                                      | CUSIP: 38384MPN1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  30842068 | PA      | $30811081.04  | 0.95%             | 2054-04-20      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association                                      | CUSIP: 38384QDV7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  31220562 | PA      | $31161084.15  | 0.96%             | 2054-07-20      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                                        | GreatAmerica Leasing Receivables                                              | CUSIP: 39154TCL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3700000 | PA      | $3778703.63   | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                                        | GreatAmerica Leasing Receivables                                              | CUSIP: 39154TCM8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1225000 | PA      | $1254023.01   | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HPEFS Equipment Trust                                                    | HPEFS Equipment Trust 2025-1                                                  | CUSIP: 40446EAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8500000 | PA      | $8589042.18   | 0.26%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                  | Hyundai Capital America                                                       | CUSIP: 44891ACT2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8088522.00   | 0.25%             | 2027-01-08      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                      | JPMorgan Chase & Co                                                           | CUSIP: 46647PCQ7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12550885.00  | 0.39%             | 2027-09-22      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                                               | LAD Auto Receivables Trust 2024-3                                             | CUSIP: 505709AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3200000 | PA      | $3204808.48   | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                                               | LAD Auto Receivables Trust 2024-2                                             | CUSIP: 505920AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1700000 | PA      | $1761237.15   | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Master Credit Card Trust                                                 | Master Credit Card Trust II                                                   | CUSIP: 576339EB7<br>LEI: 549300G7G68IV2D8IM76 | Long             | ABS-O            | CORP              | CA        |   3500000 | PA      | $3505336.80   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Mellon Residential Funding Corporation                                   | Mellon Residential Funding Corp Mor Pas Thr Cer Ser 01 Tbc1                   | CUSIP: 585525FC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     64734 | PA      | $62128.12     | 0.00%             | 2031-11-15      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                     | Mercedes-Benz Finance North America LLC                                       | CUSIP: 58769JAY3<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |  13795000 | PA      | $13844618.96  | 0.43%             | 2027-11-15      | Floating      | 5.10%                 | Yes           |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                                              | Ally Auto Receivables Trust 2023-1                                            | CUSIP: 02007WAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4075334.00   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                                                            | Citigroup Inc                                                                 | CUSIP: 172967MZ1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15022888.50  | 0.46%             | 2027-06-09      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2025-1                                           | CUSIP: 24703UAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1030000 | PA      | $1042149.83   | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                           | Enterprise Fleet Financing 2024-3 LLC                                         | CUSIP: 29375QAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5562427 | PA      | $5593519.41   | 0.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Evergreen Credit Card Trust                                              | Evergreen Credit Card Trust                                                   | CUSIP: 30023JCT3<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | CA        |   6000000 | PA      | $6039312.90   | 0.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MET TOWER GLOBAL FUNDING                                                 | Met Tower Global Funding                                                      | CUSIP: 58989V2G8<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6060223.62   | 0.19%             | 2027-01-16      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: —       |
| MET LIFE GLOB FUNDING I                                                  | Metropolitan Life Global Funding I                                            | CUSIP: 592179KS3<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   6855000 | PA      | $6874669.74   | 0.21%             | 2028-08-25      | Floating      | 4.93%                 | Yes           |                  2 | On Loan: —       |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 3137BRN76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    766916 | PA      | $757306.85    | 0.02%             | 2046-08-15      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                         | Freddie Mac Multifamily Structured Pass Through Certificates                  | CUSIP: 3137FX4E5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    495692 | PA      | $494812.26    | 0.02%             | 2030-08-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                             | CUSIP: 31396LM49<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    170066 | PA      | $167985.89    | 0.01%             | 2036-12-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                            | CUSIP: 31397PFG0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    478305 | PA      | $474140.84    | 0.01%             | 2037-11-15      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Mississippi Higher Education Assistance Corp.                            | Mississippi Higher Education Assistance Corp                                  | CUSIP: 60535YAA1<br>LEI: 549300HWPV47979HMV21 | Long             | ABS-O            | CORP              | US        |   1158615 | PA      | $1160545.60   | 0.04%             | 2035-10-25      | Floating      | 3.16%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                           | Morgan Stanley                                                                | CUSIP: 61747YFN0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20107500.00  | 0.62%             | 2028-04-13      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae Pool                                                               | CUSIP: 31402GMR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    193743 | PA      | $204132.52    | 0.01%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federated Core Trust III - Federated Project and Trade Finance Core Fund | FEDERATED CORE TR III FEDERATED PROJ+TRADE FIN CORE                           | CUSIP: 31415N103<br>LEI: 549300K79QCJYF3J1472 | Long             | EC               | RF                | US        |   7013294 | NS      | $62698847.24  | 1.93%             |  |  |  | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                        | NatWest Group PLC                                                             | CUSIP: 639057AU2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   5000000 | PA      | $5022648.95   | 0.15%             | 2029-05-23      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                               | Navient Private Education Refi Loan Trust 2020-G                              | CUSIP: 63941UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5019037 | PA      | $4689433.65   | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                  | Goldman Sachs Group Inc/The                                                   | CUSIP: 38141GXN9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10010848.90  | 0.31%             | 2026-12-09      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| ORL TRUST                                                                | ORL Trust 2024-GLKS                                                           | CUSIP: 67120DAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  23000000 | PA      | $23014342.80  | 0.71%             | 2039-12-15      | Floating      | 6.04%                 | Yes           |                  2 | On Loan: No      |
| Navient Student Loan Trust                                               | Navient Private Education Refi Loan Trust 2021-B                              | CUSIP: 63942LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  28269819 | PA      | $25994921.39  | 0.80%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PFS Financing Corp.                                                      | PFS Financing Corp                                                            | CUSIP: 69335PGB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4250000 | PA      | $4262096.35   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PenFed Auto Receivables Owner Trust                                      | PenFed Auto Receivables Owner Trust 2022-A                                    | CUSIP: 706874AE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1300000 | PA      | $1299817.87   | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PenFed Auto Receivables Owner Trust                                      | PenFed Auto Receivables Owner Trust 2025-A                                    | CUSIP: 706916AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1230000 | PA      | $1231904.29   | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ORACLE CORP                                                              | Oracle Corp                                                                   | CUSIP: 68389XCX1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15086505.45  | 0.46%             | 2028-08-03      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                                                      | PFS Financing Corp                                                            | CUSIP: 69335PFQ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5007079.00   | 0.15%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Stellantis Financial Underwritten Enhanced Lease Trust                   | Stellantis Financial Underwritten Enhanced Lease Trust 2025-A                 | CUSIP: 858928AG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7485000 | PA      | $7569644.87   | 0.23%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                                                   | Tesla Auto Lease Trust 2023-A                                                 | CUSIP: 88167PAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18500000 | PA      | $18538002.70  | 0.57%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PenFed Auto Receivables Owner Trust                                      | PenFed Auto Receivables Owner Trust 2025-A                                    | CUSIP: 706916AF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1050000 | PA      | $1052307.80   | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                                              | SBNA Auto Receivables Trust 2024-A                                            | CUSIP: 78437PAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $6188114.70   | 0.19%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                                              | SBNA Auto Receivables Trust 2025-SF1                                          | CUSIP: 78437XAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4525000 | PA      | $4563867.26   | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                                         | SMB Private Education Loan Trust 2021-E                                       | CUSIP: 78450MAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12542277 | PA      | $12389129.48  | 0.38%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                   | Santander Drive Auto Receivables Trust 2025-1                                 | CUSIP: 80288DAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20500000 | PA      | $20862002.33  | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                   | Santander Drive Auto Receivables Trust 2025-3                                 | CUSIP: 80288JAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  21700000 | PA      | $21915606.86  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Securitized Term Auto Receivables Trust                                  | Securitized Term Auto Receivables Trust                                       | CUSIP: 81378RAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |   2480672 | PA      | $2495308.44   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Securitized Term Auto Receivables Trust                                  | Securitized Term Auto Receivables Trust 2025-B                                | CUSIP: 81378WAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |   4079576 | PA      | $4104034.11   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                                                     | Targa Resources Corp                                                          | CUSIP: 87612GAP6<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |   4805000 | PA      | $4882889.63   | 0.15%             | 2030-09-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| TEXAS Commercial Mortgage Trust                                          | TEXAS Commercial Mortgage Trust 2025-TWR                                      | CUSIP: 88231WAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2600000 | PA      | $2587004.16   | 0.08%             | 2042-04-15      | Floating      | 5.74%                 | Yes           |                  3 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                 | Toyota Motor Credit Corp                                                      | CUSIP: 89236TML6<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7028636.44   | 0.22%             | 2026-08-07      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| TYSON FOODS INC                                                          | Tyson Foods Inc                                                               | CUSIP: 902494BL6<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |   6070000 | PA      | $6280707.79   | 0.19%             | 2029-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                     | Verizon Master Trust                                                          | CUSIP: 92348KDU4<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   2528000 | PA      | $2570338.69   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                     | Verizon Master Trust                                                          | CUSIP: 92348KER0<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   8000000 | PA      | $8022516.80   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                     | Verizon Master Trust                                                          | CUSIP: 92348VAC3<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   9000000 | PA      | $9073498.50   | 0.28%             |  |  |  | Yes           |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Certificates                                  | WaMu Mortgage Pass-Through Certificates Series 2006-AR1 Trust                 | CUSIP: 92925CCF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    158677 | PA      | $148868.82    | 0.00%             | 2046-01-25      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Certificates                                  | WaMu Mortgage Pass-Through Certificates Series 2006-AR15 Trust                | CUSIP: 93363QAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    271807 | PA      | $251386.50    | 0.01%             | 2046-11-25      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                                      | Wells Fargo Bank NA                                                           | CUSIP: 94988J6J1<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5005275.00   | 0.15%             | 2026-01-15      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** Federated Hermes Total Return Series, Inc.

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Total Return Series, Inc.

**Title:** Chief Compliance Officer