# EDGAR Filing Document

**Accession Number:** 0000909994
**File Stem:** 0001752724-23-073270
**Filing Date:** 2023-3
**Character Count:** 82917
**Document Hash:** 614a901049be2887ada12b07b519a939
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-073270.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001752724-23-073270

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230330

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OLD WESTBURY FUNDS INC
- **CENTRAL INDEX KEY:** 0000909994
- **IRS NUMBER:** 232874698
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07912
- **FILM NUMBER:** 23778040

**BUSINESS ADDRESS:**
- **STREET 1:** 103 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 3027914394

**MAIL ADDRESS:**
- **STREET 1:** 103 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

## Series and Classes Contracts Data

### Old Westbury Fixed Income Fund (Series ID: S000001856)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000004833 | Old Westbury Fixed Income Fund | OWFIX           |

## Nport-Ex

# **OLD WESTBURY FUNDS, INC.**

**FIXED INCOME FUND**

**PORTFOLIO OF INVESTMENTS**

**January 31, 2023**
**(Unaudited)**

| Principal Amount | Value |
| --- | --- |
| OLD WESTBURY FUNDS, INC. MUNICIPAL BONDS - 0.7% California - 0.3% $4,500,000 University of California University & College Improvements Revenue Bonds, Series BG, 1.61%, 05/15/30 ... | $3,734,713 |

| Principal Amount | Value |
| --- | --- |
| Banks (continued) $3,000,000 Deutsche Bank AG, (SOFR RATE + 3.180%), 6.72%, 01/18/29(a) ... $3,151,903 4,570,000 HSBC Holdings Plc, (SOFR RATE + 1.285%), | $3,151,903 |

---

---

1

# **FIXED INCOME FUND**

# **PORTFOLIO OF INVESTMENTS - (Continued)**

**January 31, 2023**
**(Unaudited)**

| New Jersey - 0.1% | Principal | 2.21%, 08/17/29(a) | 3,868,651 |
| --- | --- | --- | --- |
| Amount | Amount | Amount | Value |
| 1,750,000 New Jersey Turnpike Authority |  | JPMorgan Chase & Co., |  |
| Consumer Discretionary |  | Diversified Financials (ROF/AT&T) 1.015% |  |
| $2,500,000 Brown University, Series A, |  | $5,105,000 Moody's Corp. 01/29(a) | 6,171,260 |
| 1,400,000 09/01/20 |  | 3,369,000 JPMorgan Chase & Co. | $4,934,908 |
| 6,000,000 Church & Dwight Co., Inc., |  | 3,500,000 Morgan Chase & Co. 01/30(a) |  |
| Pennsylvania - 0.3% |  | 4,000,000 07/23/29(a) | 3,244,448 |
| 5,000,000 Pennsylvania State University |  | 5,000,000 JPMorgan Chase & Co. | 3,486,686 |
| 2,650,000 DR Horton, Inc., |  |  |  |

2

FIXED INCOME FUND

PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023

(Unaudited)

| Principal | Outstanding Revenue Bonds, Series | 2,243,084 |
| --- | --- | --- |
| Amount | Equity, Inc. | Value |
| Industrials (continued) | 1.00% 02/01/25 | 4,714,566 |
| $2,000,000 | General Electric, Co., Inc. |  |
| Total Municipal Bonds | 63.00% 09/09/20 | $3,000,000 |
| (Cost $11,250,000) | Loans, Inc. Capital Corp. MTN. |  |
| 55,000,000 | 33.00% 09/09/25 | 4,000,000 |
| CORPORATE BONDS | 25.00% |  |
| 43,000,000 | McDonald's Corp. MTN. |  |

| Amount | Public Staging BNT |  |
| --- | --- | --- |
|  | (SOPR BNT + 2.080%), |  |
|  | 1.80% 05/01/28 | 1,904,170 |
|  | 1.91% 07/25/23(a) | 1,904,330 |
| Utilities (continued) | Missbishi UFJ Financial Group, Inc. | 46,666,643 |
| $5,000,000 | Xcel Energy, Inc. |  |
| Energy | 1.9% (1 yr. US Treasury Yield Curve |  |
| 6,235,000 | BP Capital Markets America, Inc. | $4,830,472 |
|  | 3.90% 09/21/28 | 83,069,285 |
| Total 6,235,000 | Change 05/01/27(a) | 4,419,579 |
|  |  | 365,582,911 |

3

# **FIXED INCOME FUND**

# **PORTFOLIO OF INVESTMENTS - (Continued)**

**January 31, 2023**
(Unaudited)

| Bank | 5.8% | 3.63% | 06/15/24 | 3,437,198 |
| --- | --- | --- | --- | --- |
|  |  | 3.22% | 07/01/27 | 4,081,027 |
|  |  | 3,000,000 | Base: 2019-17A, Inc. | Value |
|  |  | CAYMAN ISLANDS | Commonwealth, Yield, Curve | 4,844,010 |
|  |  | Collateralized Loan | Commonwealth, Yield, Curve | 4,885,570 |
|  |  | 3,535,000 | Southwest Airlines Co. | 19,402,605 |
|  |  | $1,750,000 | OCT 1, 2023, Ltr. Series 2019-17A, |  |
|  |  | Information Technology | Commonwealth, Ltr. Series 2019-17A, |  |
|  |  | 5,435,000 | Base: 2019-17A, | 3,556,896 |
|  |  | 5,470,000 | Bank | Commonwealth, Ltr. Series 2019-17A, |
|  |  |  |  | 3,916,280 |
|  |  |  |  | 5,458,542 |
|  |  |  |  | 1,699,188 |

| (Cost $382,885,148) | Michael Financial Group, Inc. | 5,696,915 |
| --- | --- | --- |
| Principal | Energy Transfer (USD + 1.000%), |  |
| ASSET-BACKED SECURITIES | 6,000,000 | Value |
| UNITED STATES (Continued) |  | 4,851,481 |
| CAYMAN ISLANDS | Commonwealth, Ltr. Series 2019-17A, |  |
| Other Asset-Backed Securities (Continued) |  |  |
| Collateralized Loan | Commonwealth, Ltr. Series 2019-17A, | 5,486,376 |
| 3,000,000 | Cashflow Auto Owner Trust, Series 2021-10A, | 2,580,130 |
| 3,500,000 | Merchandise, Gains, etc. |  |
| 2,555,000 | Morgantown, Gains, Gains, | 3,007,084 |
| 318,206 | Cashflow Auto Owner Trust, Series 2021-10A, |  |

4

FIXED INCOME FUND

PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023
(Unaudited)

| 4,000,000 | Bank of America Corp. GMTN. | 4,894,801 | Principal | 2,000,000 | 26,222,374 |
| --- | --- | --- | --- | --- | --- |
| 4,000,000 | Bank of America Corp. GMTN. | 4,894,801 | Health Care | 2,000,000 | 3,396,606 |
| 4,000,000 | Bank of America Corp. GMTN. | 4,894,801 | U.S. Treasury | 2,000,000 | 3,396,612 |
| UNITED STATES (Securities) (USD, +1.650%) | Other Asset-Backed (Securities) (USD, +1.650%) | 4,879,307 | $59,764,000 | 2,000,000 | 2,851,918 |
| $4,000,000 | Bank of America (Securities) (USD, +1.650%) | 4,879,307 | 5,000,000 | 2,000,000 | 4,973,603 |
| 5,000,000 | Bank of America (Securities) (USD, +1.650%) | 51,885,924 | 1,500,000 | 2,000,000 | 2,911,416 |
| Outsiders - Staples | Bank of America (Securities) (USD, +1.650%) | 4,870,673 | 5,000,000 | 2,000,000 | 21,766,134 |
| 4,500,000 | Bank of America (Securities) (USD, +1.650%) | 1,752,650 | 59,079,000 | 2,000,000 | 50,250,337 |
| 2,000,000 | Bank of America (Securities) (USD, +1.650%) | 4,347,235 | 9,395,000 | 2,000,000 | 18,505,611 |

---

---

5

# **FIXED INCOME FUND**

# **PORTFOLIO OF INVESTMENTS - (Continued)**

**January 31, 2023**
(Unaudited)

| 4,000,000 | Palmer Square Loan Purchases Ltd. | 4,455,869 | 22,000,000 | Credit: 1,000,000 | 21,500,000 |
| --- | --- | --- | --- | --- | --- |
| 4,000,000 | DuPont, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 2nd Floor, 2nd Floor, 2nd Floor, 2nd Floor, 2nd Floor, 2nd Floor, 2nd Floor, 2nd Floor, 2nd Floor, 2nd Floor, 2nd Floor, 2nd Floor, 2nd Floor, 2nd Floor, 2nd Floor, 2nd Floor, 2nd Floor, 2nd Floor, 2nd Floor, 2nd Floor, 3rd Floor, 3rd Floor, 3rd Floor, 3rd Floor, 3rd Floor, 3rd Floor, 3rd Floor, 3rd Floor, 3rd Floor, 3rd Floor, 3rd Floor, 3rd Floor, 3rd Floor, 3rd Floor, 3rd Floor, 3rd Floor, 3rd Floor, 3rd Floor, 3rd Floor, 3rd Floor, | 1,896,736 | Communication | 1,896,736 | 27,510,938 |
| 1,000,000 | Columbus, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, | 4,999,641 | 39,755,000 | 1,000,000 | 39,755,000 |
| 1,000,000 | Columbus, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, | 5,996,845 | 25,255,000 | 1,000,000 | 4,951,065 |
| 1,000,000 | Columbus, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, | 5,996,845 | 25,255,000 | 1,000,000 | 24,952,121 |
| 1,000,000 | Columbus, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, | 4,999,641 | 45,790,000 | 1,000,000 | 41,951,264 |
| 1,000,000 | Columbus, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st |  |  |  | 4,357,001 |
| 1,000,000 | Columbus, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st |  |  |  | 81,254,000 |
| 1,000,000 | Columbus, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st |  |  |  | 49,941,430 |
| 1,000,000 | Columbus, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st |  |  |  | 6,224,709 |
| 1,000,000 | Columbus, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st |  |  |  | 69,745,242 |
| 1,000,000 | Columbus, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st Floor, 1st |  |  |  | 3,039,432 |

6

OLD WESTBURY FUNDS, INC.

The following abbreviations are used in the report:

| USD | 2,853,000 | Credit Balance for GMTN | 3,853,071 |
| --- | --- | --- | --- |
|  | 2,000,000 | Registration Rate for Series 2020-B | 3,853,072 |
|  | 5,000,000 | After-tax Rate | 3,351,313 |
|  | 2,000,000 | Portfolio Diversification by Sector (Unaudited) | 22,960,866 |
| Telecommunication | 2,000,000 | Telecommunication by Sector (Unaudited) | 2,576,342 |
|  | 2,000,000 | Telecommunication by Sector (Unaudited) | Percentage |
| Sector | 2,000,000 | Telecommunication by Sector (Unaudited) | 7,937,539 |
|  | 2,000,000 | Telecommunication by Sector (Unaudited) | of Net Assets |
| Asset-Backed Securities | 2,000,000 | Asset-Backed Securities | 58,968,868 |
|  | 1.50% | Asset-Backed Securities | 4,829,813 |
| Uninsured Banks | 1.50% | Uninsured Banks | 1,941,521 |
| Main Office | 1,000,000 | Main Office | 0.7 |

| 3,748,000 | 2.83% | 07/16/20 | 3,071,066 |
| --- | --- | --- | --- |
| 3,748,000 | 2.83% | 07/16/20 | 3,071,066 |
| 52,458,000 | 2.38% | 07/16/20 | 48,878,908 |
| 2,000,000 | 2.38% | 07/16/20 | 2,729,896 |
| 36,000,000 | 2.38% | 07/16/20 | 29,662,089 |
| 6,000,000 | 2.38% | 07/16/20 | 6,000,000 |
| 6,000,000 | 2.38% | 07/16/20 | 6,000,000 |
| 3,430,000 | 2.38% | 07/16/20 | 6,000,000 |
| 10,431,000 | 2.38% | 07/16/20 | 10,608,653 |
| 1,000,000 | 2.38% | 07/16/20 | 20,000,000 |
| 30,999,000 | 2.38% | 07/16/20 | 20,000,000 |
| 159,700,000 | 2.38% | 07/16/20 | 136,700,000 |
| 15,000,000 | 2.38% | 07/16/20 | 16,789,000 |

| Non-Agency | Mortgage | 2,458 | 03/03/23 | 2,318,294 |
| --- | --- | --- | --- | --- |
|  | Tax | 2,450 | 03/03/23 | 1,637,042 |
| U.S. | Government | 1,000 | 03/03/23 | 63.9 |
|  | Government | 5,000,000 | 5/02/23 | 52,284,813 |
| Other |  | 2,000 | 03/20/28 | 2,308,042 |
|  |  | 5,000,000 | 5/02/23 | 4,392,238 |
|  | 5,000,000 | Diages | 5,000,000 | 5,000,000 |
|  | 5,000,000 | National | 5,000,000 | 5,000,000 |
| Total | Asset-Backed | 5,000,000 | 5/02/23 | 5,105,823 |
|  | Securities | 5,000,000 | 5/02/23 | 5,606,010 |
| (Cost) | 1,000,000 | 1,000,000 | 5/02/23 | 114,859,751 |
|  | Asset-Backed | 5,000,000 | 5/02/23 | 5,095,701 |
|  | Securities | 5,000,000 | 5/02/23 | 1,748,243 |
| Other | Asset-Backed | 5,000,000 | 5/02/23 |  |
|  | Asset-Backed | 5,000,000 | 5/02/23 |  |
| NON-AGENCY | MORTGAGE | 5,000,000 | 5/02/23 |  |
|  | Asset-Backed | 5,000,000 | 5/02/23 |  |

| 1,250,000 | Hyundai Auto Lease Securities | 800,239,794 |
| --- | --- | --- |
| 843,000 | Caterpillar Financial Services Corp. |  |
| Total U.S. Government | 1,000,000 | 3,413,228 |
| (Cost) | 1,000,000 | 1,241,677 |
|  | 1,595,409 | 905,224,507 |
|  | 1,404,000 | 851,307 |
| Shares | 1,000,000 |  |
|  | 1,000,000 |  |
| INVESTMENT | 1,000,000 | 1,392,995 |
|  | 1,000,000 | 1,371,336 |
|  | 1,000,000 |  |
|  | 1,000,000 |  |
|  | 1,000,000 |  |
|  | 1,000,000 |  |
|  | 1,000,000 |  |

| * | Represents less than 0.01% of net assets. |  |
| --- | --- | --- |
| SECURITIES | 1,000,000 | 4,144,191 |
| COLLATE FINANCIAL | 1,000,000 | 3,087,233 |
| 2,100,000 | BMW, 1,000,000 | 3,293,784 |
| 5,000,000 | Southwest, 1,000,000 | 4,000,000 |
| Total Non-Agency | 2,100,000 | 4,000,000 |

| Total Investment | 1,000,000 | 2,229,901 |
| --- | --- | --- |
| (Cost $15,729,064) | 1,000,000 | 4,892,399 |
| 1,500,000 | 1,000,000 | 15,729,064 |
| TOTAL INVESTMENTS | 1,000,000 | 4,917,246 |
| (Cost $1,477,090,328) | 1,000,000 | $1,411,896,308 |
| OTHER ASSETS | 1,000,000 | 1,453,949 |
| LIABILITIES | 1,000,000 | 1,894,108 |
|  | 1,000,000 | 5,146,165 |

| (Cost $512,465) | Trust, Series 2021-1, Class A3, 0.77%, 09/15/26 | 465,008 2,601,699 |
| --- | --- | --- |
| 1,500,000 | Carmax Auto Owner Trust, Series U.S. GOVERNMENT SECURITIES - 63.9% 2021-1, Class B, |  |
| 16,000,000 | 0.74%, 10/15/26 | 1,359,167 15,067,500 |
| 38,377,000 | 2.88%, 05/15/52 | 32,812,335 |
| 15,000,000 | 4.00%, 11/15/52 | 15,916,406 63,796,241 |

| NET ASSETS- 100.0% | Series 2018-B, Class A2FX, | $1,417,042,473 |
| --- | --- | --- |
|  | 3.34%, 08/25/47(b) | 695,097 |
| (a) | 651,422 | Soft Professional Loan Program Trust, Floating rate security. Rate shown is the rate in effect as of January 31, 2023. |
|  | 1.03%, 08/17/43(b) | 553,154 |
| (b) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The security may be resold in transactions exempt from registration normally to qualified institutional buyers. The security has been determined to be liquid in accordance with |  |

U.S. Treasury Inflation Indexed Bonds - 2.9%
42,067,082 0.63%, 01/15/24(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41,240,530

U.S. Treasury Notes - 56.5%
1,290,000 2.25%, 01/31/24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,258,657
23,369,000 2.38%, 08/15/24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,635,980
24,486,000 2.00%, 02/15/25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,435,780

procedures adopted by the Fund's Board of Directors.

(c) Inflation protected security.
(d) The rate shown represents the current yield as of January 31, 2023.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Old Westbury Funds Inc

- **b. Investment Company Act file number:** 811-07912

- **c. CIK number of Registrant:** 0000909994

- **d. LEI of Registrant:** 549300YMRMTWRGXX0W63

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

  - **Street Address 1:** 103 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-607-2200

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

- **a. Name of Series:** Old Westbury Fixed Income Fund

- **b. EDGAR series identifier (if any):** S000001856

- **c. LEI of Series:** 549300NXZRN7YUK97R44

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

- **a. Date of fiscal year-end:** 2023-10-31

- **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:** $1420446987.42

**Total Liabilities:** $794061.56

**Net Assets:** $1419652925.86

**Cash Not Reported:** $1708203.13

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 954.94848000 | **1-Year:** 37145.17504000 | **5-Year:** 120686.72166000 | **10-Year:** 32373.25517000 | **30-Year:** 0.00000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000004833 | 2.13%                | -0.01%               | 1.89%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6102529.25             | $33695167.00                               |
| Month 2  | $-9125392.69             | $5900514.71                                |
| Month 3  | $-6409034.92             | $30553984.59                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Palmer Square CLO Ltd                        | Palmer Square CLO 2022-1 Ltd                            | CUSIP: 69689QAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4347235.35   | 0.31%             | 2035-04-20      | Floating      | 6.44%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                              | United States Treasury Inflation Indexed Bonds          | CUSIP: 912828B25<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  42067082 | PA      | $41240529.86  | 2.90%             | 2024-01-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                             | Hewlett Packard Enterprise Co                           | CUSIP: 42824CAW9<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   4871000 | PA      | $4863424.08   | 0.34%             | 2025-10-15      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| KAISER FOUNDATION HOSPIT                     | Kaiser Foundation Hospitals                             | CUSIP: 48305QAC7<br>LEI: DW4Z57L3G4IRMHYZYK62 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4777996.70   | 0.34%             | 2027-05-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 912828X88<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26258000 | PA      | $24866120.93  | 1.75%             | 2027-05-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                | Citigroup Inc                                           | CUSIP: 172967LP4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   6295000 | PA      | $5952951.98   | 0.42%             | 2028-07-24      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                            | HSBC Holdings PLC                                       | CUSIP: 404280CV9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   4570000 | PA      | $3868650.92   | 0.27%             | 2029-08-17      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp                                    | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5470000 | PA      | $4894801.44   | 0.34%             | 2027-07-22      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                 | Comcast Corp                                            | CUSIP: 20030NCT6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   5720000 | PA      | $5659587.25   | 0.40%             | 2028-10-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                          | PFS Financing Corp                                      | CUSIP: 69335PDP7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4917246.50   | 0.35%             | 2025-06-15      | Fixed         | 1.27%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                     | Warnermedia Holdings Inc                                | CUSIP: 55903VAG8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5614550.22   | 0.40%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                      | John Deere Capital Corp                                 | CUSIP: 24422EWF2<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4878637.30   | 0.34%             | 2025-06-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                  | OCP Clo 2019-17 Ltd                                     | CUSIP: 67113LAQ9<br>LEI: 2549003HLFPQ7ATPYA23 | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1699188.05   | 0.12%             | 2032-07-20      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| AON CORP/AON GLOBAL HOLD                     | Aon Corp / Aon Global Holdings PLC                      | CUSIP: 03740LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2807280.12   | 0.20%             | 2027-05-28      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                             | Duke Energy Corp                                        | CUSIP: 26441CAS4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1690000 | PA      | $1578021.68   | 0.11%             | 2026-09-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                       | BP Capital Markets America Inc                          | CUSIP: 10373QAC4<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |   6235000 | PA      | $6106347.76   | 0.43%             | 2028-09-21      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| GEORGIA-PACIFIC LLC                          | Georgia-Pacific LLC                                     | CUSIP: 37331NAJ0<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4624138.70   | 0.33%             | 2025-09-30      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                          | Charles Schwab Corp/The                                 | CUSIP: 808513BY0<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   2490000 | PA      | $2313294.49   | 0.16%             | 2027-03-03      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                     | Caterpillar Financial Services Corp                     | CUSIP: 14913R2Y2<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    843000 | PA      | $851306.34    | 0.06%             | 2025-01-17      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Flatiron CLO Ltd                             | Flatiron CLO 19 Ltd                                     | CUSIP: 33883JAQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1931743.20   | 0.14%             | 2034-11-16      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 912828U24<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  27912000 | PA      | $26157687.26  | 1.84%             | 2026-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HPEFS Equipment Trust                        | HPEFS Equipment Trust 2021-2                            | CUSIP: 40441JAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $965428.70    | 0.07%             | 2028-09-20      | Fixed         | 0.61%                 | No            |                  2 | On Loan: No      |
| DIAGEO CAPITAL PLC                           | Diageo Capital PLC                                      | CUSIP: 25243YBF5<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |   5000000 | PA      | $5105822.95   | 0.36%             | 2025-10-24      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt               | Benefit Street Partners CLO XVIII Ltd                   | CUSIP: 08186PAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4396209.30   | 0.31%             | 2034-10-15      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                             | Deutsche Bank AG/New York NY                            | CUSIP: 251526CS6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   3000000 | PA      | $3151903.08   | 0.22%             | 2029-01-18      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC               | Enterprise Fleet Financing 2021-3 LLC                   | CUSIP: 29373MAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1307349 | PA      | $1252891.24   | 0.09%             | 2027-08-20      | Fixed         | 0.77%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                     | Thermo Fisher Scientific Inc                            | CUSIP: 883556CS9<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2407432.41   | 0.17%             | 2024-10-18      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 91282CDJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 150710000 | PA      | $126720028.92 | 8.93%             | 2031-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                       | Mizuho Financial Group Inc                              | CUSIP: 60687YAS8<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   5000000 | PA      | $4951481.40   | 0.35%             | 2024-09-11      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| VERISK ANALYTICS INC                         | Verisk Analytics Inc                                    | CUSIP: 92345YAD8<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |   4985000 | PA      | $4879566.85   | 0.34%             | 2025-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                              | McDonald's Corp                                         | CUSIP: 58013MFP4<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |   4206000 | PA      | $4061027.30   | 0.29%             | 2027-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                          | PFS Financing Corp                                      | CUSIP: 69335PDZ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1894108.00   | 0.13%             | 2026-04-15      | Fixed         | 0.71%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                       | General Motors Financial Co Inc                         | CUSIP: 37045XEB8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2994000 | PA      | $3073520.67   | 0.22%             | 2028-01-09      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 91282CCR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  69879000 | PA      | $60745596.68  | 4.28%             | 2028-07-31      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                     | Capital One Financial Corp                              | CUSIP: 14040HCK9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4829413.10   | 0.34%             | 2024-12-06      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                 | Stryker Corp                                            | CUSIP: 863667BA8<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4609905.80   | 0.32%             | 2025-06-15      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                       | Bank of New York Mellon Corp/The                        | CUSIP: 06406RBH9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   2695000 | PA      | $2600746.88   | 0.18%             | 2033-06-13      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| Synchrony Card Issuance Trust                | Synchrony Card Funding LLC                              | CUSIP: 87166PAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1800000 | PA      | $1752649.56   | 0.12%             | 2028-04-15      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 912828Z94<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30999000 | PA      | $27149553.79  | 1.91%             | 2030-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                               | Air Lease Corp                                          | CUSIP: 00914AAT9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5095345.10   | 0.36%             | 2027-12-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                           | Energy Transfer LP                                      | CUSIP: 29278NAF0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   5567000 | PA      | $5525647.32   | 0.39%             | 2028-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| D.R. HORTON INC                              | DR Horton Inc                                           | CUSIP: 23331ABP3<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |   2630000 | PA      | $2243084.39   | 0.16%             | 2027-10-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| NESTLE HOLDINGS INC                          | Nestle Holdings Inc                                     | CUSIP: 641062BB9<br>LEI: 549300EAEU8YV8MQXP30 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4487369.63   | 0.32%             | 2027-10-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                          | American Express Co                                     | CUSIP: 025816CY3<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4921022.20   | 0.35%             | 2025-08-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 912810TL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $15916406.25  | 1.12%             | 2052-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  38377000 | PA      | $32812335.00  | 2.31%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US                | Goldentree Loan Management US Clo 10 Ltd                | CUSIP: 38138TAE1<br>LEI: 5493007PBV0WMI12LF68 | Long             | ABS-CBDO         | CORP              | KY        |   5750000 | PA      | $5606010.23   | 0.39%             | 2034-07-20      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Gulf Stream Meridian 7 Ltd                   | Gulf Stream Meridian 7 Ltd                              | CUSIP: 40257DAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4892398.50   | 0.34%             | 2035-07-15      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| Verizon Owner Trust                          | Verizon Owner Trust 2020-B                              | CUSIP: 92290BAA9<br>LEI: 549300ESLK4DH2NBDS67 | Long             | ABS-O            | CORP              | US        |   2616274 | PA      | $2576342.29   | 0.18%             | 2025-02-20      | Fixed         | 0.47%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                       | Tesla Auto Lease Trust 2021-B                           | CUSIP: 88161KAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1896735.80   | 0.13%             | 2025-09-22      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                          | LCM XXIV Ltd                                            | CUSIP: 50188YAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1453949.10   | 0.10%             | 2030-03-20      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                  | Rad CLO 1 Ltd                                           | CUSIP: 48661AAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4874933.00   | 0.34%             | 2031-07-15      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES               | University of California                                | CUSIP: 91412HGG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $3734713.35   | 0.26%             | 2030-05-15      | Fixed         | 1.61%                 | No            |                  2 | On Loan: No      |
| MOODY'S CORPORATION                          | Moody's Corp                                            | CUSIP: 615369AZ8<br>LEI: 549300GCEDD8YCF5WU84 | Long             | DBT              | CORP              | US        |   5105000 | PA      | $4934907.88   | 0.35%             | 2032-08-08      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 912828K74<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  54639000 | PA      | $51975348.75  | 3.66%             | 2025-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 91282CGC9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  49056000 | PA      | $49531230.00  | 3.49%             | 2027-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Tr               | World Omni Auto Receivables Trust 2020-C                | CUSIP: 98163CAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2044737 | PA      | $1987646.77   | 0.14%             | 2025-11-17      | Fixed         | 0.48%                 | No            |                  2 | On Loan: No      |
| GENERAL DYNAMICS CORP                        | General Dynamics Corp                                   | CUSIP: 369550BM9<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |   4175000 | PA      | $4020056.73   | 0.28%             | 2030-04-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                                     | CUSIP: 46647PCJ3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   7136000 | PA      | $6171259.83   | 0.43%             | 2029-06-01      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                   | AbbVie Inc                                              | CUSIP: 00287YBZ1<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3851917.72   | 0.27%             | 2024-11-21      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 91282CFY2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $6096562.50   | 0.43%             | 2029-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                                     | CUSIP: 46647PAV8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3369000 | PA      | $3244447.70   | 0.23%             | 2029-07-23      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                        | Truist Financial Corp                                   | CUSIP: 89788MAL6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6025233.18   | 0.42%             | 2029-01-26      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| Federated Hermes Government Obligations Fund | Federated Hermes Government Obligations Fund            | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        |  14020861 | NS      | $14020861.00  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE RECOVERY FUNDING LLC                     | SCE Recovery Funding LLC                                | CUSIP: 78433LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3898464 | PA      | $3293784.31   | 0.23%             | 2031-11-15      | Fixed         | 0.86%                 | No            |                  2 | On Loan: No      |
| AIR PRODUCTS & CHEMICALS                     | Air Products and Chemicals Inc                          | CUSIP: 009158BB1<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | DBT              | CORP              | US        |   5200000 | PA      | $4819880.88   | 0.34%             | 2025-10-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat               | Hyundai Auto Lease Securitization Trust 2020-B          | CUSIP: 44891PAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1241576.75   | 0.09%             | 2024-10-15      | Fixed         | 0.81%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 912828J27<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  24486000 | PA      | $23435780.28  | 1.65%             | 2025-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                               | Public Storage                                          | CUSIP: 74460WAD9<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |   6070000 | PA      | $5339179.16   | 0.38%             | 2028-05-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 912828P46<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  59079000 | PA      | $55236557.37  | 3.89%             | 2026-02-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                     | National Rural Utilities Cooperative Finance Corp       | CUSIP: 63743HFF4<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5095761.25   | 0.36%             | 2025-10-30      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                               | Lowe's Cos Inc                                          | CUSIP: 548661DP9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4740201.95   | 0.33%             | 2027-05-03      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                          | CUSIP: 61772BAB9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2580129.45   | 0.18%             | 2027-05-04      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC                              | Xcel Energy Inc                                         | CUSIP: 98389BAR1<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4830471.80   | 0.34%             | 2025-06-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                               | Mastercard Inc                                          | CUSIP: 57636QAJ3<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1748243.14   | 0.12%             | 2028-02-26      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GSK CONSUMER HEALTHCARE                      | GSK Consumer Healthcare Capital US LLC                  | CUSIP: 36264FAK7<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4725324.80   | 0.33%             | 2027-03-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding               | Avis Budget Rental Car Funding AESOP LLC                | CUSIP: 05377RFV1<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3087232.80   | 0.22%             | 2027-04-20      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU               | New Jersey Turnpike Authority                           | CUSIP: 646140DR1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1534109.85   | 0.11%             | 2028-01-01      | Fixed         | 1.48%                 | No            |                  2 | On Loan: No      |
| EQUIFAX INC                                  | Equifax Inc                                             | CUSIP: 294429AQ8<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |   5465000 | PA      | $5238997.71   | 0.37%             | 2024-12-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                      | Carmax Auto Owner Trust 2022-4                          | CUSIP: 14318UAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5066604.50   | 0.36%             | 2027-08-16      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| NUCOR CORP                                   | Nucor Corp                                              | CUSIP: 670346AR6<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |   5250000 | PA      | $4932183.95   | 0.35%             | 2025-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                     | Toyota Motor Credit Corp                                | CUSIP: 89236TJT3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   4995000 | PA      | $4701992.40   | 0.33%             | 2025-01-13      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 912828Z78<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30000000 | PA      | $27510937.50  | 1.94%             | 2027-01-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Tax Exempt Pass Thro               | JP Morgan Tax-Emept Pass-Through Trust Series 2012-AMT1 | CUSIP: 46637QAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    505895 | PA      | $465008.10    | 0.03%             | 2038-01-27      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OMNICOM GROUP INC                            | Omnicom Group Inc                                       | CUSIP: 681919BB1<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | DBT              | CORP              | US        |   3176000 | PA      | $2729896.34   | 0.19%             | 2030-04-30      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                          | Sherwin-Williams Co/The                                 | CUSIP: 824348AR7<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   3996000 | PA      | $3863071.42   | 0.27%             | 2025-08-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust                      | BMW Vehicle Lease Trust 2021-1                          | CUSIP: 05591RAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2100000 | PA      | $2057634.81   | 0.14%             | 2024-07-25      | Fixed         | 0.37%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                      | CarMax Auto Owner Trust 2021-2                          | CUSIP: 14314QAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    318206 | PA      | $306911.77    | 0.02%             | 2026-02-17      | Fixed         | 0.52%                 | No            |                  2 | On Loan: No      |
| DUPONT DE NEMOURS INC                        | DuPont de Nemours Inc                                   | CUSIP: 26078JAC4<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |   4730000 | PA      | $4721590.96   | 0.33%             | 2025-11-15      | Fixed         | 4.49%                 | No            |                  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        |   1595409 | PA      | $1392094.59   | 0.10%             | 2069-07-15      | Fixed         | 0.94%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                               | Merck & Co Inc                                          | CUSIP: 58933YAZ8<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |   6320000 | PA      | $5224708.86   | 0.37%             | 2030-06-24      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| Aimco                                        | Aimco CLO 14 Ltd                                        | CUSIP: 00144GAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4907604.50   | 0.35%             | 2034-04-20      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Gulf Stream Meridian 1 Ltd.                  | Gulf Stream Meridian 3 Ltd                              | CUSIP: 402512AC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4700000 | PA      | $4611647.99   | 0.32%             | 2034-04-15      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| ANDREW W MELLON FOUNDATI                     | Andrew W Mellon Foundation/The                          | CUSIP: 03444RAB4<br>LEI: HVIJIPOQ5TXYVD3NET54 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4341506.85   | 0.31%             | 2027-08-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                      | Carmax Auto Owner Trust 2021-1                          | CUSIP: 14316NAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1359187.35   | 0.10%             | 2026-10-15      | Fixed         | 0.74%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                       | Mitsubishi UFJ Financial Group Inc                      | CUSIP: 606822BY9<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   5000000 | PA      | $4419578.70   | 0.31%             | 2027-07-20      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                          | CUSIP: 61747YEC5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2555000 | PA      | $2276666.02   | 0.16%             | 2027-07-20      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 912828V80<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1290000 | PA      | $1258657.02   | 0.09%             | 2024-01-31      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 912828D56<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23369000 | PA      | $22635980.14  | 1.59%             | 2024-08-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Flatiron CLO Ltd                             | Flatiron Clo 17 Ltd                                     | CUSIP: 33882GAG3<br>LEI: 549300ZUHE1G4KLVKW25 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1475501.40   | 0.10%             | 2030-05-15      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                             | CIFC Funding 2019-V Ltd                                 | CUSIP: 12554XAU6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4397503.95   | 0.31%             | 2035-01-15      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                              | Danske Bank A/S                                         | CUSIP: 23636ABA8<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   2000000 | PA      | $1841521.00   | 0.13%             | 2025-09-10      | Fixed         | 0.98%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 91282CEM9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30961000 | PA      | $29662089.45  | 2.09%             | 2029-04-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                      | CarMax Auto Owner Trust 2022-2                          | CUSIP: 14317HAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $978253.00    | 0.07%             | 2027-02-16      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr               | SOFI PROFESSIONAL LOAN PROGRAM 2021-A TRUST             | CUSIP: 83405YAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    651422 | PA      | $553154.31    | 0.04%             | 2043-08-17      | Fixed         | 1.03%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 912828ZN3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  35253000 | PA      | $30846375.00  | 2.17%             | 2027-04-30      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| CIGNA CORP                                   | Cigna Corp                                              | CUSIP: 125523CP3<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   3235000 | PA      | $2911416.70   | 0.21%             | 2026-03-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| HCA INC                                      | HCA Inc                                                 | CUSIP: 404119BN8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4987044.80   | 0.35%             | 2024-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COLORADO                      | Public Service Co of Colorado                           | CUSIP: 744448CT6<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4144190.95   | 0.29%             | 2031-01-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16000000 | PA      | $16785000.00  | 1.18%             | 2032-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                          | Charles Schwab Corp/The                                 | CUSIP: 808513BP9<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   2570000 | PA      | $2303641.70   | 0.16%             | 2028-03-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PAYPAL HOLDINGS INC                          | PayPal Holdings Inc                                     | CUSIP: 70450YAE3<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |   7545000 | PA      | $6775207.34   | 0.48%             | 2029-10-01      | Fixed         | 2.85%                 | No            |                  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        |   2545855 | PA      | $2229900.55   | 0.16%             | 2069-10-15      | Fixed         | 1.06%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                             | Bank of Montreal                                        | CUSIP: 06368FAG4<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   5020000 | PA      | $4870673.37   | 0.34%             | 2024-03-08      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner                | Toyota Auto Receivables 2020-C Owner Trust              | CUSIP: 89237VAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    814073 | PA      | $802047.23    | 0.06%             | 2024-10-15      | Fixed         | 0.44%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                                     | CUSIP: 46647PDH6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4964329.70   | 0.35%             | 2033-07-25      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 9128286B1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3249000 | PA      | $3071066.50   | 0.22%             | 2029-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Tr               | Credit Acceptance Auto Loan Trust 2021-2                | CUSIP: 22537CAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1931297.00   | 0.14%             | 2030-02-15      | Fixed         | 0.96%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 91282CFU0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  79735000 | PA      | $81254948.44  | 5.72%             | 2027-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BROWN UNIVERSITY                             | Brown University                                        | CUSIP: 11575TAB4<br>LEI: 9M13ULPHBPDR83N6CB89 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2101373.00   | 0.15%             | 2030-09-01      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 912810TK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16000000 | PA      | $15067500.00  | 1.06%             | 2042-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Regatta XXI Funding Ltd                      | Regatta XXI Funding Ltd                                 | CUSIP: 75889JAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2932539.30   | 0.21%             | 2034-10-20      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO GAS CAPITAL                      | Southern Co Gas Capital Corp                            | CUSIP: 8426EPAA6<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4913787.40   | 0.35%             | 2023-10-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Verizon Owner Trust                          | Verizon Owner Trust 2020-C                              | CUSIP: 92348CAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2399899.25   | 0.17%             | 2025-04-21      | Fixed         | 0.67%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 91282CEE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  52468000 | PA      | $48844428.75  | 3.44%             | 2029-03-31      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Octagon 55 Ltd                               | Octagon 55 Ltd                                          | CUSIP: 67577AAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4353730.65   | 0.31%             | 2034-07-20      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                 | AGL CLO 10 Ltd                                          | CUSIP: 00119YAC7<br>LEI: 549300AEMLN0HO8ST474 | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3395605.50   | 0.24%             | 2034-04-15      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC               | Enterprise Fleet Financing 2020-2 LLC                   | CUSIP: 29375MAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    902783 | PA      | $881933.82    | 0.06%             | 2026-07-20      | Fixed         | 0.61%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                     | Sabine Pass Liquefaction LLC                            | CUSIP: 785592AV8<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |   5370000 | PA      | $5486376.06   | 0.39%             | 2026-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                             | T-Mobile USA Inc                                        | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5603623.14   | 0.39%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MAGNA INTERNATIONAL INC                      | Magna International Inc                                 | CUSIP: 559222AQ7<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | DBT              | CORP              | CA        |   3500000 | PA      | $3437198.10   | 0.24%             | 2024-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                 | Broadcom Inc                                            | CUSIP: 11135FBB6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2866491.39   | 0.20%             | 2025-11-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE NEW YORK                       | Credit Suisse AG/New York NY                            | CUSIP: 22550L2H3<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |   3561000 | PA      | $3351312.51   | 0.24%             | 2025-02-21      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                               | Amazon.com Inc                                          | CUSIP: 023135CH7<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   9735000 | PA      | $9232311.47   | 0.65%             | 2032-04-13      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| TARGET CORP                                  | Target Corp                                             | CUSIP: 87612EBP0<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |   5135000 | PA      | $5158541.97   | 0.36%             | 2032-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LT               | Golub Capital Partners CLO 50B-R Ltd                    | CUSIP: 38178DAE7<br>LEI: 254900N3E7Y6I5DRGW52 | Long             | ABS-CBDO         | CORP              | JE        |   3500000 | PA      | $3413227.65   | 0.24%             | 2035-04-20      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 91282CGB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10431000 | PA      | $10608652.97  | 0.75%             | 2029-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CHURCH & DWIGHT CO INC                       | Church & Dwight Co Inc                                  | CUSIP: 17136MAC6<br>LEI: POOXSI30AWAQGYJZC921 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6434841.90   | 0.45%             | 2032-11-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY DOM HOLD                      | Morgan Stanley Domestic Holdings Inc                    | CUSIP: 269246BS2<br>LEI: 549300RJIC678ZPVWG08 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3486686.04   | 0.25%             | 2028-06-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                     | Discovery Communications LLC                            | CUSIP: 25470DAM1<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |   3093000 | PA      | $3039431.81   | 0.21%             | 2024-03-13      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST UNIV                         | Pennsylvania State University/The                       | CUSIP: 709235S48<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4714185.50   | 0.33%             | 2025-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                        | Athene Global Funding                                   | CUSIP: 04685A3D1<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4361322.95   | 0.31%             | 2026-10-02      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| Capital One Prime Auto Receiva               | Capital One Prime Auto Receivables Trust 2021-1         | CUSIP: 14044CAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2750000 | PA      | $2601698.55   | 0.18%             | 2026-09-15      | Fixed         | 0.77%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp                                    | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4012470.35   | 0.28%             | 2031-10-24      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| WASTE CONNECTIONS INC                        | Waste Connections Inc                                   | CUSIP: 94106BAF8<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $4844010.15   | 0.34%             | 2033-01-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                      | BPCE SA                                                 | CUSIP: 05578AAP3<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   5000000 | PA      | $4448810.85   | 0.31%             | 2026-01-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/F               | Ford Credit Auto Owner Trust 2020-REV2                  | CUSIP: 34532JAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $3631156.00   | 0.26%             | 2033-04-15      | Fixed         | 1.06%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                              | Chevron USA Inc                                         | CUSIP: 166756AE6<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |   6253000 | PA      | $5696914.96   | 0.40%             | 2025-08-12      | Fixed         | 0.69%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr               | Sofi Professional Loan Program 2018-B Trust             | CUSIP: 83404RAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    716564 | PA      | $695097.46    | 0.05%             | 2047-08-25      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST AIRLINES CO                        | Southwest Airlines Co                                   | CUSIP: 844741BJ6<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |   3535000 | PA      | $3556895.79   | 0.25%             | 2025-05-04      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                          | CNH Equipment Trust 2021-C                              | CUSIP: 12598LAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1350541.20   | 0.10%             | 2028-10-16      | Fixed         | 1.16%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                     | Caterpillar Financial Services Corp                     | CUSIP: 14913R2V8<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   1404000 | PA      | $1371396.30   | 0.10%             | 2025-05-13      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 91282CFB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  42746000 | PA      | $41081243.78  | 2.89%             | 2027-07-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ZOETIS INC                                   | Zoetis Inc                                              | CUSIP: 98978VAU7<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |   3430000 | PA      | $3503821.59   | 0.25%             | 2025-11-14      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 912828M56<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22783000 | PA      | $21769334.44  | 1.53%             | 2025-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                         | Verizon Master Trust                                    | CUSIP: 92348KBC6<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   2457000 | PA      | $2475542.73   | 0.17%             | 2027-11-22      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| VALERO ENERGY CORP                           | Valero Energy Corp                                      | CUSIP: 91913YBA7<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |   3555000 | PA      | $3407087.61   | 0.24%             | 2024-03-15      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                           | Banco Santander SA                                      | CUSIP: 05971KAK5<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   4000000 | PA      | $3916280.00   | 0.28%             | 2024-06-30      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 91282CBT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9395000 | PA      | $8535871.31   | 0.60%             | 2026-03-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                            | Eversource Energy                                       | CUSIP: 30040WAG3<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4949237.95   | 0.35%             | 2023-12-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| ROSS STORES INC                              | Ross Stores Inc                                         | CUSIP: 778296AF0<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $4885569.59   | 0.34%             | 2026-04-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd               | Palmer Square Loan Funding 2021-3 Ltd                   | CUSIP: 69702BAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3885910.40   | 0.27%             | 2029-07-20      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note/Bond                        | CUSIP: 91282CFP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4709000 | PA      | $4739902.81   | 0.33%             | 2025-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-29

**Name of Applicant:** Old Westbury Funds Inc

**Signature:** Matthew A. Rizzi

**Name of Signer:** Matthew A. Rizzi

**Title:** Vice President & Treasurer (Principal Financial Officer)