# EDGAR Filing Document

**Accession Number:** 0000357298
**File Stem:** 0001752724-23-068266
**Filing Date:** 2023-3
**Character Count:** 66165
**Document Hash:** 06ca6d43386146e6ce32c6c5be18f87a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-068266.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001752724-23-068266

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**PERIOD START**: 20230131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PERMANENT PORTFOLIO FAMILY OF FUNDS
- **CENTRAL INDEX KEY:** 0000357298
- **IRS NUMBER:** 942788165
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03379
- **FILM NUMBER:** 23766363

**BUSINESS ADDRESS:**
- **STREET 1:** 600 MONTGOMERY STREET
- **STREET 2:** SUITE 4100
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94111
- **BUSINESS PHONE:** 4153988000

**MAIL ADDRESS:**
- **STREET 1:** 600 MONTGOMERY STREET
- **STREET 2:** SUITE 4100
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PERMANENT PORTFOLIO FAMILY OF FUNDS INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PERMANENT PORTFOLIO FUND INC
- **DATE OF NAME CHANGE:** 19890330

## Series and Classes Contracts Data

### Permanent Portfolio (Series ID: S000006016)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000016538 | Class I      | PRPFX           |
| C000170323 | Class C      | PRPHX           |
| C000170324 | Class A      | PRPDX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PERMANENT PORTFOLIO FAMILY OF FUNDS

- **b. Investment Company Act file number:** 811-03379

- **c. CIK number of Registrant:** 0000357298

- **d. LEI of Registrant:** 5493002D7HL9TL3C1F60

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

  - **Street Address 1:** 600 MONTGOMERY STREET

  - **City:** SAN FRANCISCO

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94111

  - **Telephone number:** 415-398-8000

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

- **a. Name of Series:** Permanent Portfolio

- **b. EDGAR series identifier (if any):** S000006016

- **c. LEI of Series:** 5493002A59Q3VCT85K80

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2945067188.84

**Total Liabilities:** $2077400.95

**Net Assets:** $2942989787.89

**Cash Not Reported:** $15874025.94

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -3911.02000000 | **1-Year:** -76608.57000000 | **5-Year:** -67369.28000000 | **10-Year:** -2763.54000000 | **30-Year:** 0.00000000

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

- **3-Month:** -9.83000000 | **1-Year:** -856.32000000 | **5-Year:** -1505.48000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000016538 | 5.38%                | -1.00%               | 4.24%                |
| Class ID C000170323 | 5.29%                | -1.08%               | 4.15%                |
| Class ID C000170324 | 5.34%                | -1.02%               | 4.22%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-11648597.69            | $155579289.96                              |
| Month 2  | $6902586.23              | $-37271402.02                              |
| Month 3  | $-1220937.05             | $120072669.05                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMSOUTH BANCORP                 | AmSouth Bancorp                                | CUSIP: 032165AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7775332.50   | 0.26%             | 2025-11-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Albemarle Corp                  | Albemarle Corp                                 | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |     65000 | NS      | $18294250.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Portfolio LP              | Essex Portfolio LP                             | CUSIP: 29717PAE7<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              |  | US        |   4500000 | PA      | $4478451.75   | 0.15%             | 2023-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp             | Fifth Third Bancorp                            | CUSIP: 316773CX6<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9882250.00   | 0.34%             | 2024-01-25      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| GOLD/US GOLDEN EAGLES           | GOLD/US GOLDEN EAGLES                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |     55000 | NS      | $109224500.00 | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                     | Lennar Corp                                    | CUSIP: 526057CR3<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7585867.50   | 0.26%             | 2024-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CITADEL FINANCE LLC             | Citadel Finance LLC                            | CUSIP: 17287HAA8<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $6787751.25   | 0.23%             | 2026-03-09      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SWITZERLAND                     | Swiss Confederation Government Bond            | CUSIP: 000000000<br>LEI: 5067006OA1BJ88912Q83 | Long             | DBT              | NUSS              | CH        |  60000000 | PA      | $65659202.62  | 2.23%             | 2024-06-11      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| Rio Tinto PLC                   | Rio Tinto PLC                                  | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |    150000 | NS      | $11902500.00  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PERNOD RIC INTL FIN LLC         | Pernod Ricard International Finance LLC        | CUSIP: 71427QAA6<br>LEI: 5493009254WI1A8WXT48 | Long             | DBT              | CORP              | US        |  27500000 | PA      | $23367148.75  | 0.79%             | 2028-04-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Highwoods Properties Inc        | Highwoods Properties Inc                       | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               |  | US        |    150000 | NS      | $4555500.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Kemper Corp                     | Kemper Corp                                    | CUSIP: 488401AB6<br>LEI: 549300FNI1JKTRY2PV09 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9812775.00   | 0.33%             | 2025-02-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| RETAIL OPPORTUNITY IN           | Retail Opportunity Investments Partnership LP  | CUSIP: 76132FAA5<br>LEI: 549300KH0PNTJK9NTE57 | Long             | DBT              |  | US        |  10000000 | PA      | $10007245.00  | 0.34%             | 2023-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UDR Inc                         | UDR Inc                                        | CUSIP: 90265EAL4<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |  10000000 | PA      | $9391785.00   | 0.32%             | 2026-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY SOUTHERN            | Kansas City Southern/Old                       | CUSIP: 485170BD5<br>LEI: 5493008C12PZMWP3WY03 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $6712965.00   | 0.23%             | 2029-11-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS              | Advance Auto Parts Inc                         | CUSIP: 00751YAF3<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   5723000 | PA      | $4951988.86   | 0.17%             | 2027-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| RECKITT BENCKISER TSY           | Reckitt Benckiser Treasury Services PLC        | CUSIP: 75625QAD1<br>LEI: 213800LAXWIUOOBZ3908 | Long             | DBT              | CORP              | GB        |   7500000 | PA      | $7280726.25   | 0.25%             | 2024-06-26      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| D.R. HORTON INC                 | DR Horton Inc                                  | CUSIP: 23331ABM0<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12038387.50  | 0.41%             | 2024-10-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & CO                  | McCormick & Co Inc/MD                          | CUSIP: 579780AJ6<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1187996.40   | 0.04%             | 2023-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UDR Inc                         | UDR Inc                                        | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               |  | US        |    125000 | NS      | $5323750.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL REALTY INVS TRST        | Federal Realty Investment Trust                | CUSIP: 313747BB2<br>LEI: 549300LI6XZ51GOCJ427 | Long             | DBT              |  | US        |   4575000 | PA      | $4100268.26   | 0.14%             | 2026-02-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| HORACE MANN EDUCATORS CO        | Horace Mann Educators Corp                     | CUSIP: 440327AK0<br>LEI: 254900G5YAV3A2YK8T32 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4847005.00   | 0.16%             | 2025-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTN        | Piedmont Operating Partnership LP              | CUSIP: 720198AD2<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              |  | US        |   9500000 | PA      | $9391172.75   | 0.32%             | 2024-03-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ALCON FINANCE CORP              | Alcon Finance Corp                             | CUSIP: 01400EAA1<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $13944870.00  | 0.47%             | 2026-09-23      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Air Products and Chemicals Inc  | Air Products and Chemicals Inc                 | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |     70000 | NS      | $22435700.00  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG LONDON                   | UBS AG/London                                  | CUSIP: 902674YK0<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |  15000000 | PA      | $14067547.50  | 0.48%             | 2024-08-09      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| SWITZERLAND                     | Swiss Confederation Government Bond            | CUSIP: 000000000<br>LEI: 5067006OA1BJ88912Q83 | Long             | DBT              | NUSS              | CH        |  45000000 | PA      | $49384489.35  | 1.68%             | 2026-05-28      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| UMH Properties Inc              | UMH Properties Inc                             | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               |  | US        |    250000 | NS      | $4480000.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp           | Costco Wholesale Corp                          | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     60000 | NS      | $30668400.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc           | Uber Technologies Inc                          | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    250000 | NS      | $7732500.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| JEFFERIES FIN GROUP INC         | Jefferies Financial Group Inc                  | CUSIP: 527288BE3<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2006370.00   | 0.07%             | 2023-10-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC               | L3Harris Technologies Inc                      | CUSIP: 502431AJ8<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |  10700000 | PA      | $10656146.05  | 0.36%             | 2023-06-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Agilent Technologies Inc        | Agilent Technologies Inc                       | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     80000 | NS      | $12166400.00  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL        | Penske Truck Leasing Co Lp / PTL Finance Corp  | CUSIP: 709599BE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8075000 | PA      | $7886448.75   | 0.27%             | 2026-01-29      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| D.R. HORTON INC                 | DR Horton Inc                                  | CUSIP: 23331ABG3<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |   6207000 | PA      | $6206258.26   | 0.21%             | 2023-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CORPORATE OFFICE PROP LP        | Corporate Office Properties LP                 | CUSIP: 22003BAN6<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              |  | US        |  10000000 | PA      | $7862120.00   | 0.27%             | 2029-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd                     | Nutrien Ltd                                    | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |    125000 | NS      | $10348750.00  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp            | Regency Centers Corp                           | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               |  | US        |    125000 | NS      | $8328750.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                 | Xcel Energy Inc                                | CUSIP: 98389BAR1<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7250493.75   | 0.25%             | 2025-06-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| AFFILIATED MANAGERS GROU        | Affiliated Managers Group Inc                  | CUSIP: 008252AN8<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7252158.75   | 0.25%             | 2025-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| National Fuel Gas Co            | National Fuel Gas Co                           | CUSIP: 636180BM2<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7495635.00   | 0.25%             | 2025-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC         | Imperial Brands Finance PLC                    | CUSIP: 45262BAB9<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |  16500000 | PA      | $15418788.00  | 0.52%             | 2026-07-26      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOLD BULLION                    | GOLD BULLION                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    230239 | NS      | $444245716.36 | 15.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc              | Conagra Brands Inc                             | CUSIP: 205887CB6<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14896650.00  | 0.51%             | 2025-11-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Mercury General Corp            | Mercury General Corp                           | CUSIP: 589400AB6<br>LEI: 5493001Q9EXPCEL4W527 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7127377.50   | 0.24%             | 2027-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp                | BAT Capital Corp                               | CUSIP: 05526DAZ8<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |  40000000 | PA      | $38865500.00  | 1.32%             | 2024-08-15      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| BELL CANADA                     | Bell Telephone Co of Canada or Bell Canada/The | CUSIP: 0778FPAC3<br>LEI: 549300JYAVAQRV5MNZ86 | Long             | DBT              | CORP              | CA        |   3500000 | PA      | $3341229.50   | 0.11%             | 2024-03-17      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Centerspace                     | Centerspace                                    | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               |  | US        |    200000 | NS      | $13524000.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                      | Nucor Corp                                     | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |    135000 | NS      | $22817700.00  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury          | United States Treasury Note/Bond               | CUSIP: 912810EW4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $15879867.90  | 0.54%             | 2026-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JANUS HEND US HLDGS INC         | Janus Henderson US Holdings Inc                | CUSIP: 47102XAJ4<br>LEI: 8T2ZO87FU1KVPZIG9I59 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14874262.50  | 0.51%             | 2025-08-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Boston Properties Inc           | Boston Properties Inc                          | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               |  | US        |     60000 | NS      | $4472400.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                     | Phillips 66                                    | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     80000 | NS      | $8021600.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                    | Prologis Inc                                   | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |    150000 | NS      | $19392000.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                        | Visa Inc                                       | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     50000 | NS      | $11510500.00  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                     | Lennar Corp                                    | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |    125000 | NS      | $12800000.00  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                     | Trimble Inc                                    | CUSIP: 896239AB6<br>LEI: 549300E2MI7NSZFQWS19 | Long             | DBT              | CORP              | US        |  11500000 | PA      | $11417821.00  | 0.39%             | 2023-06-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC             | Kimco Realty OP LLC                            | CUSIP: 948741AK9<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |   7927000 | PA      | $7832304.06   | 0.27%             | 2024-01-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| FEDERAL REALTY INVS TRST        | Federal Realty Investment Trust                | CUSIP: 313747AU1<br>LEI: 549300LI6XZ51GOCJ427 | Long             | DBT              |  | US        |   4500000 | PA      | $4414293.00   | 0.15%             | 2024-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| State Street Corp               | State Street Corp                              | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     80000 | NS      | $7306400.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp            | Lockheed Martin Corp                           | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     75000 | NS      | $34744500.00  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System Inc                | Ryder System Inc                               | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |     75000 | NS      | $7080750.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SWITZERLAND                     | Swiss Confederation Government Bond            | CUSIP: 000000000<br>LEI: 5067006OA1BJ88912Q83 | Long             | DBT              | NUSS              | CH        |  35000000 | PA      | $38253222.28  | 1.30%             | 2023-02-11      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| EQUINIX INC                     | Equinix Inc                                    | CUSIP: 29444UBC9<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |   3500000 | PA      | $3362635.50   | 0.11%             | 2024-11-18      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp       | Occidental Petroleum Corp                      | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |    150000 | NS      | $9718500.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BRANDYWINE OPER PARTNERS        | Brandywine Operating Partnership LP            | CUSIP: 105340AN3<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |   7500000 | PA      | $7221757.50   | 0.25%             | 2024-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Federal Realty Investment Trust | Federal Realty Investment Trust                | CUSIP: 313745101<br>LEI: 549300LI6XZ51GOCJ427 | Long             | EC               |  | US        |    100000 | NS      | $11153000.00  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFILIATED MANAGERS GROU        | Affiliated Managers Group Inc                  | CUSIP: 008252AM0<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12359756.25  | 0.42%             | 2024-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTL HLDINGS NE        | Mondelez International Holdings Netherlands BV | CUSIP: 60920LAF1<br>LEI: 549300CW356R8I7N8D33 | Long             | DBT              | CORP              | NL        |  10870000 | PA      | $10431830.30  | 0.35%             | 2024-09-19      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| NVIDIA Corp                     | NVIDIA Corp                                    | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    155000 | NS      | $30282350.00  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                    | Chevron Corp                                   | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125000 | NS      | $21752500.00  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc             | Williams-Sonoma Inc                            | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |     60000 | NS      | $8096400.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| L3 TECHNOLOGIES INC             | L3 Technologies Inc                            | CUSIP: 502413BF3<br>LEI: 1Z5XNJ6GMBVHFWE2W878 | Long             | DBT              | CORP              | US        |   1786000 | PA      | $1778290.73   | 0.06%             | 2023-06-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| SBL HOLDINGS INC                | SBL Holdings Inc                               | CUSIP: 78432MAA3<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3187208.50   | 0.11%             | 2026-11-13      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| KeyCorp                         | KeyCorp                                        | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |    500000 | NS      | $9595000.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corp                      | Fluor Corp                                     | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |    175000 | NS      | $6431250.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SILVER BULLION                  | SILVER BULLION                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   6859755 | NS      | $162905469.41 | 5.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The              | Walt Disney Co/The                             | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     75000 | NS      | $8136750.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| RYDER SYSTEM INC                | Ryder System Inc                               | CUSIP: 78355HKN8<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7201230.00   | 0.24%             | 2024-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AutoNation Inc                  | AutoNation Inc                                 | CUSIP: 05329WAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14000000 | PA      | $13518603.00  | 0.46%             | 2024-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Black Hills Corp                | Black Hills Corp                               | CUSIP: 092113AH2<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3981344.00   | 0.14%             | 2023-11-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JM SMUCKER CO                   | J M Smucker Co/The                             | CUSIP: 832696AK4<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14552722.50  | 0.49%             | 2025-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| APOLLO MANAGEMENT HOLDIN        | Apollo Management Holdings LP                  | CUSIP: 03765HAA9<br>LEI: 5493006XQW0V5K38YM64 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14685795.00  | 0.50%             | 2024-05-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South32 Ltd                     | South32 Ltd                                    | CUSIP: 84473L105<br>LEI: 213800LAZNPXSBKVHR17 | Long             | EC               | CORP              | AU        |    500000 | NS      | $8005000.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                | Exxon Mobil Corp                               | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    125000 | NS      | $14501250.00  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Urstadt Biddle Properties Inc   | Urstadt Biddle Properties Inc                  | CUSIP: 917286106<br>LEI: 549300XXD0YL0AER3Z82 | Long             | EC               |  | US        |    200000 | NS      | $3350000.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc       | Palantir Technologies Inc                      | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |   1200000 | NS      | $9336000.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBEMARLE CORP                  | Albemarle Corp                                 | CUSIP: 012653AD3<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9967600.00   | 0.34%             | 2027-06-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| First Republic Bank/CA          | First Republic Bank/CA                         | CUSIP: 33616C100<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EC               | CORP              | US        |     95000 | NS      | $13383600.00  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp         | Texas Pacific Land Corp                        | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55000 | NS      | $109771750.00 | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORP            | Lockheed Martin Corp                           | CUSIP: 543859AK8<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3152827.50   | 0.11%             | 2024-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Urstadt Biddle Properties Inc   | Urstadt Biddle Properties Inc                  | CUSIP: 917286205<br>LEI: 549300XXD0YL0AER3Z82 | Long             | EC               |  | US        |    500000 | NS      | $9390000.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp               | Kimco Realty Corp                              | CUSIP: 49446R109<br>LEI: 549300EA7I6T15IBYS12 | Long             | EC               |  | US        |    250000 | NS      | $5615000.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin Inc         | Alexander & Baldwin Inc                        | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               |  | US        |    125000 | NS      | $2502500.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CONAGRA BRANDS INC              | Conagra Brands Inc                             | CUSIP: 205887AF9<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |   5640000 | PA      | $6012358.44   | 0.20%             | 2026-10-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTN        | Piedmont Operating Partnership LP              | CUSIP: 720198AC4<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              |  | US        |   4500000 | PA      | $4468864.50   | 0.15%             | 2023-06-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| PulteGroup Inc                  | PulteGroup Inc                                 | CUSIP: 745867AW1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7070420.00   | 0.24%             | 2026-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                    | Broadcom Inc                                   | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     45000 | NS      | $26325450.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                       | Amgen Inc                                      | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     75000 | NS      | $18930000.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp              | IPG Photonics Corp                             | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |     80000 | NS      | $8968000.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BRANDYWINE OPER PARTNERS        | Brandywine Operating Partnership LP            | CUSIP: 105340AQ6<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |   5000000 | PA      | $4306260.00   | 0.15%             | 2027-11-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Essex Property Trust Inc        | Essex Property Trust Inc                       | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               |  | US        |     60000 | NS      | $13564200.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                     | Cameco Corp                                    | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |    500000 | NS      | $14005000.00  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| HOLLYFRONTIER CORP              | HollyFrontier Corp                             | CUSIP: 436106AB4<br>LEI: 549300J3U2WK73C9ZK26 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4890985.00   | 0.17%             | 2023-10-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Intel Corp                      | Intel Corp                                     | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    250000 | NS      | $7065000.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PARKER-HANNIFIN CORP            | Parker-Hannifin Corp                           | CUSIP: 701094AM6<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4852780.00   | 0.16%             | 2024-06-14      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| ASSOC BANC-CORP                 | Associated Banc-Corp                           | CUSIP: 045487AB1<br>LEI: 549300N3CIN473IW5094 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7193400.00   | 0.24%             | 2025-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Highwoods Realty LP             | Highwoods Realty LP                            | CUSIP: 431282AQ5<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              |  | US        |   7500000 | PA      | $6838387.50   | 0.23%             | 2028-03-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Canadian Natural Resources Ltd  | Canadian Natural Resources Ltd                 | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    125000 | NS      | $7680000.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust            | Vornado Realty Trust                           | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               |  | US        |    100000 | NS      | $2439000.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Railway Ltd    | Canadian Pacific Railway Ltd                   | CUSIP: 13645T100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    200000 | NS      | $15780000.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard Group LLC                | Lazard Group LLC                               | CUSIP: 52107QAG0<br>LEI: FI94J2CJ1D7BIGVMS874 | Long             | DBT              | CORP              | US        |  17500000 | PA      | $17013806.25  | 0.58%             | 2025-02-13      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR        | Occidental Petroleum Corp                      | CUSIP: 674599DB8<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   3541000 | PA      | $3612220.13   | 0.12%             | 2024-07-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| United States Treasury          | United States Treasury Note/Bond               | CUSIP: 91282CDH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $18787782.20  | 0.64%             | 2024-11-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| FedEx Corp                      | FedEx Corp                                     | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     75000 | NS      | $14539500.00  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp                 | Murphy Oil Corp                                | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |    300000 | NS      | $13083000.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| TAKEDA PHARMACEUTICAL           | Takeda Pharmaceutical Co Ltd                   | CUSIP: 874060AT3<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |   2169000 | PA      | $2154913.43   | 0.07%             | 2023-11-26      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Parker-Hannifin Corp            | Parker-Hannifin Corp                           | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     80000 | NS      | $26080000.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc               | General Mills Inc                              | CUSIP: 370334BT0<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4933825.00   | 0.17%             | 2024-02-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Wynn Resorts Ltd                | Wynn Resorts Ltd                               | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Long             | EC               | CORP              | US        |     70000 | NS      | $7254800.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc            | Freeport-McMoRan Inc                           | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |   2000000 | NS      | $89240000.00  | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc       | AvalonBay Communities Inc                      | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               |  | US        |     60000 | NS      | $10646400.00  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Affirm Holdings Inc             | Affirm Holdings Inc                            | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    300000 | NS      | $4857000.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                         | Vale SA                                        | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    200000 | NS      | $3736000.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp       | Occidental Petroleum Corp                      | CUSIP: 674599162<br>LEI: IM7X0T3ECJW4C1T7ON55 | N/A              | DE               |  | US        |    100000 | NS      | $4292000.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp                | HF Sinclair Corp                               | CUSIP: 403949100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    250000 | NS      | $14225000.00  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp                        | APA Corp                                       | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |    150000 | NS      | $6649500.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The         | Charles Schwab Corp/The                        | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    170000 | NS      | $13161400.00  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc         | Illinois Tool Works Inc                        | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |     80000 | NS      | $18883200.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SVB Financial Group             | SVB Financial Group                            | CUSIP: 78486QAD3<br>LEI: 549300D2KJ20JMXE7542 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14575050.00  | 0.50%             | 2025-01-29      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SITE Centers Corp               | SITE Centers Corp                              | CUSIP: 23317HAD4<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | DBT              |  | US        |  12500000 | PA      | $11905631.25  | 0.40%             | 2025-02-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc              | Meta Platforms Inc                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    190000 | NS      | $28304300.00  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Outfront Media Inc              | Outfront Media Inc                             | CUSIP: 69007J106<br>LEI: 549300RZWDYU5722I639 | Long             | EC               |  | US        |    400000 | NS      | $7960000.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| COTERRA ENERGY INC              | Coterra Energy Inc                             | CUSIP: 127097AG8<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4313328.75   | 0.15%             | 2027-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| WRKCo Inc                       | WRKCo Inc                                      | CUSIP: 96145DAB1<br>LEI: 549300JEB576INN13W07 | Long             | DBT              | CORP              | US        |   7535000 | PA      | $7263811.58   | 0.25%             | 2024-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LXP INDUSTRIAL TRUST            | LXP Industrial Trust                           | CUSIP: 529043AD3<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              |  | US        |   4537000 | PA      | $4465660.21   | 0.15%             | 2024-06-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Autodesk Inc                    | Autodesk Inc                                   | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |     70000 | NS      | $15061200.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| EMD Finance LLC                 | EMD Finance LLC                                | CUSIP: 26867LAL4<br>LEI: 529900C8KS5G529A0B76 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6288119.50   | 0.21%             | 2025-03-19      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SUNTORY HOLDINGS LTD            | Suntory Holdings Ltd                           | CUSIP: 86803UAD3<br>LEI: 54930074QUY8RD0UZM08 | Long             | DBT              | CORP              | JP        |   1050000 | PA      | $993486.38    | 0.03%             | 2024-10-16      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Vulcan Materials Co             | Vulcan Materials Co                            | CUSIP: 929160AS8<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6476203.50   | 0.22%             | 2025-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corp               | Devon Energy Corp                              | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |    300000 | NS      | $18972000.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                     | Trimble Inc                                    | CUSIP: 896239AA8<br>LEI: 549300E2MI7NSZFQWS19 | Long             | DBT              | CORP              | US        |  31803000 | PA      | $31612022.99  | 1.07%             | 2024-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Simon Property Group Inc        | Simon Property Group Inc                       | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |    100000 | NS      | $12846000.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Yara International ASA          | Yara International ASA                         | CUSIP: 984851AD7<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | DBT              | CORP              | NO        |   5000000 | PA      | $4743750.00   | 0.16%             | 2026-06-06      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC             | Kimco Realty OP LLC                            | CUSIP: 948741AL7<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |   8725000 | PA      | $8388873.74   | 0.29%             | 2025-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO                | Georgia Power Co                               | CUSIP: 373334KM2<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |   4010000 | PA      | $3953643.46   | 0.13%             | 2023-07-30      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                  | Morgan Stanley                                 | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    170000 | NS      | $16546100.00  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennametal Inc                  | Kennametal Inc                                 | CUSIP: 489170AE0<br>LEI: 549300GZDSG25XUV0Y08 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9786165.00   | 0.33%             | 2028-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| RETAIL OPPORTUNITY IN           | Retail Opportunity Investments Partnership LP  | CUSIP: 76132FAB3<br>LEI: 549300KH0PNTJK9NTE57 | Long             | DBT              |  | US        |  15000000 | PA      | $14433382.50  | 0.49%             | 2024-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INTERPUBLIC GROUP COS           | Interpublic Group of Cos Inc/The               | CUSIP: 460690BL3<br>LEI: 5493008IUOJ5VWTRC333 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7403437.50   | 0.25%             | 2024-04-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp           | Northrop Grumman Corp                          | CUSIP: 666807BM3<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7264751.25   | 0.25%             | 2025-01-15      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| Twilio Inc                      | Twilio Inc                                     | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |    190000 | NS      | $11369600.00  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Cimarex Energy Co               | Cimarex Energy Co                              | CUSIP: 171798AD3<br>LEI: 11KYOFXPU1C4CQL1CL44 | Long             | DBT              | CORP              | US        |   5250000 | PA      | $4780140.75   | 0.16%             | 2027-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Ovintiv Inc                     | Ovintiv Inc                                    | CUSIP: 69047Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    150000 | NS      | $7384500.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                          | BP PLC                                         | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |    125000 | NS      | $4528750.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX INC                        | RELX Inc                                       | CUSIP: 758203AA1<br>LEI: 549300TEN8O7HZZY5K14 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5525704.25   | 0.19%             | 2023-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| PARSLEY ENERGY LLC/FINAN        | Parsley Energy LLC / Parsley Finance Corp      | CUSIP: 701885AJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4779000 | PA      | $4450415.08   | 0.15%             | 2028-02-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Digital Realty Trust Inc        | Digital Realty Trust Inc                       | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |     75000 | NS      | $8596500.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INCOME CORP              | Realty Income Corp                             | CUSIP: 756109BD5<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |   5000000 | PA      | $4980035.00   | 0.17%             | 2024-02-06      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Atara Biotherapeutics Inc       | Atara Biotherapeutics Inc                      | CUSIP: 046513107<br>LEI: 549300WBXUXZRE03MS38 | Long             | EC               | CORP              | US        |    500000 | NS      | $2535000.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Birchcliff Energy Ltd           | Birchcliff Energy Ltd                          | CUSIP: 090697103<br>LEI: 5493000BBN3EF2L0XW29 | Long             | EC               | CORP              | CA        |   1250000 | NS      | $8012500.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                 | Weyerhaeuser Co                                | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               |  | US        |    150000 | NS      | $5164500.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Personalis Inc                  | Personalis Inc                                 | CUSIP: 71535D106<br>LEI: 549300EZ2NYFK7H0US48 | Long             | EC               | CORP              | US        |    300000 | NS      | $705000.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC ENERGY GROUP INC            | WEC Energy Group Inc                           | CUSIP: 92939UAF3<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2852478.00   | 0.10%             | 2024-03-15      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| SWITZERLAND                     | Swiss Confederation Government Bond            | CUSIP: 000000000<br>LEI: 5067006OA1BJ88912Q83 | Long             | DBT              | NUSS              | CH        |  60000000 | PA      | $66206444.57  | 2.25%             | 2025-07-24      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| STEEL DYNAMICS INC              | Steel Dynamics Inc                             | CUSIP: 858119BL3<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7078125.00   | 0.24%             | 2025-06-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY FINANCE          | Alliant Energy Finance LLC                     | CUSIP: 01882YAA4<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |  12720000 | PA      | $12652800.24  | 0.43%             | 2023-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Lennar Corp                     | Lennar Corp                                    | CUSIP: 526057CD4<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4933022.50   | 0.17%             | 2027-11-29      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MOSAIC CO                       | Mosaic Co/The                                  | CUSIP: 61945CAC7<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19827270.00  | 0.67%             | 2023-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BHP Group Ltd                   | BHP Group Ltd                                  | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |    150000 | NS      | $10522500.00  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury          | United States Treasury Bill                    | CUSIP: 912796X53<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30000000 | PA      | $29496786.00  | 1.00%             | 2023-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FIRST HORIZON CORP              | First Horizon Corp                             | CUSIP: 320517AC9<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14934622.50  | 0.51%             | 2023-05-26      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| GOLD CANADIAN MAPLE LEAF        | GOLD CANADIAN MAPLE LEAF                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |     40000 | NS      | $78586000.00  | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV INC                      | Fiserv Inc                                     | CUSIP: 337738AS7<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4844725.00   | 0.16%             | 2024-07-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| MASS MUTUAL LIFE                | Massachusetts Mutual Life Insurance Co         | CUSIP: 575767AB4<br>LEI: R6ZXK5P01NP6HXSY1S07 | Long             | DBT              | CORP              | US        |   2163000 | PA      | $2185531.97   | 0.07%             | 2023-11-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips                  | ConocoPhillips                                 | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    125000 | NS      | $15233750.00  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-14

**Name of Applicant:** PERMANENT PORTFOLIO FAMILY OF FUNDS

**Signature:** Michael J Cuggino

**Name of Signer:** Michael J Cuggino

**Title:** President, Secretary and Trustee