# EDGAR Filing Document

**Accession Number:** 0000789281
**File Stem:** 0000789281-26-000031
**Filing Date:** 2026-4
**Character Count:** 185400
**Document Hash:** f1e1bf06f9817cf8f88fc1569ccd950a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000789281-26-000031.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0000789281-26-000031

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260423

**DATE AS OF CHANGE**: 20260423

**PERIOD START**: 20261130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Income Securities Trust
- **CENTRAL INDEX KEY:** 0000789281

**ORGANIZATION NAME:**
- **EIN:** 251412886
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04577
- **FILM NUMBER:** 26886119

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED INCOME SECURITIES TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED FLOATING RATE TRUST
- **DATE OF NAME CHANGE:** 19920205

## Series and Classes Contracts Data

### Federated Hermes Capital Income Fund (Series ID: S000009073)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000024648 | Class A Shares       | CAPAX           |
| C000024650 | Class C Shares       | CAPCX           |
| C000024651 | Class F Shares       | CAPFX           |
| C000114947 | Institutional Shares | CAPSX           |
| C000130424 | Class R Shares       | CAPRX           |
| C000188217 | Class T Shares       |  |

## Nport-Ex

Federated Hermes Capital Income Fund

Portfolio of Investments

February 28, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
| **Shares,** <br>**Principal** <br>**Amount** <br>**or Contracts**<br>|  | **Value** |
|  | COMMON STOCKS—39.2% |  |
|  | **Communication Services—2.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18600 | Alphabet, Inc., Class A | &nbsp;&nbsp; $5798736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 183308 | AT&T, Inc. | &nbsp;&nbsp; 5134457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5564 | Meta Platforms, Inc. | &nbsp;&nbsp; 3606474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48023 | Verizon Communications, Inc. | &nbsp;&nbsp; 2407873 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 16947540 |
|  | **Consumer Discretionary—2.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13643<br><sup>1</sup> <br>| Amazon.com, Inc. | &nbsp;&nbsp; 2865030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440<br><sup>1</sup> <br>| AutoZone, Inc. | &nbsp;&nbsp; 1652455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54554 | Bath & Body Works, Inc. | &nbsp;&nbsp; 1241649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11502<br><sup>1</sup> <br>| HBX Group International PLC | &nbsp;&nbsp; 98377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2784 | Home Depot, Inc. | &nbsp;&nbsp; 1059925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7007<br><sup>1</sup> <br>| Lululemon Athletica, Inc. | &nbsp;&nbsp; 1297486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32561 | Nike, Inc., Class B | &nbsp;&nbsp; 2024643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 108516<br><sup>1</sup> <br>| PENN Entertaintment, Inc. | &nbsp;&nbsp; 1697190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2275<br><sup>1</sup> <br>| Ulta Beauty, Inc. | &nbsp;&nbsp; 1557897 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 13494652 |
|  | **Consumer Staples—2.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100 | Costco Wholesale Corp. | &nbsp;&nbsp; 1111869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 125647 | JBS NV-A | &nbsp;&nbsp; 2122178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14380 | Philip Morris International, Inc. | &nbsp;&nbsp; 2686616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18031 | Procter & Gamble Co. | &nbsp;&nbsp; 3014783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50863 | The Coca-Cola Co. | &nbsp;&nbsp; 4148386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34696 | WalMart, Inc. | &nbsp;&nbsp; 4439353 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 17523185 |
|  | **Energy—2.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21447 | Chevron Corp. | &nbsp;&nbsp; 4005442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21928 | ConocoPhillips | &nbsp;&nbsp; 2487951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33639 | Exxon Mobil Corp. | &nbsp;&nbsp; 5129947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000<br><sup>1</sup> <br>| Infinity Natural Resources, Inc. | &nbsp;&nbsp; 66400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5820 | Valero Energy Corp. | &nbsp;&nbsp; 1191005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18345 | Williams Cos., Inc. | &nbsp;&nbsp; 1370738 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 14251483 |
|  | **Financials—6.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9322 | American Express Co. | &nbsp;&nbsp; 2879566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9812 | Assurant, Inc. | &nbsp;&nbsp; 2252737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66595 | Bank of America Corp. | &nbsp;&nbsp; 3318429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2050 | BlackRock, Inc. | &nbsp;&nbsp; 2179621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8616 | Capital One Financial Co. | &nbsp;&nbsp; 1685634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24759 | Charles Schwab Corp. | &nbsp;&nbsp; 2357057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26066 | Citigroup, Inc. | &nbsp;&nbsp; 2872213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59282 | Citizens Financial Group, Inc. | &nbsp;&nbsp; 3568184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000<br><sup>1</sup> <br>| Ethos Technologies, Inc. | &nbsp;&nbsp; 370500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19533<br><sup>1</sup> <br>| Exzeo Group, Inc. | &nbsp;&nbsp; 327373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16676 | Intercontinental Exchange, Inc. | &nbsp;&nbsp; 2737032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22260 | JPMorgan Chase & Co. | &nbsp;&nbsp; 6684678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3343<br><sup>1</sup> <br>| Pics NV | &nbsp;&nbsp; 57098 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Financials—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8477 | Progressive Corp., OH | &nbsp;&nbsp; $1811196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3922 | S&P Global, Inc. | &nbsp;&nbsp; 1733053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19185 | UMB Financial Corp. | &nbsp;&nbsp; 2223158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11553 | Visa, Inc., Class A | &nbsp;&nbsp; 3698577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42000<br><sup>1</sup> <br>| Wealthfront Corp. | &nbsp;&nbsp; 348600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6368 | Willis Towers Watson PLC | &nbsp;&nbsp; 1943323 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 43048029 |
|  | **Health Care—4.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13497 | AbbVie, Inc. | &nbsp;&nbsp; 3132384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20340 | AstraZeneca PLC | &nbsp;&nbsp; 4283810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18283<br><sup>1</sup> <br>| Boston Scientific Corp. | &nbsp;&nbsp; 1405049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45962<br><sup>1</sup> <br>| Caris Life Sciences, Inc. | &nbsp;&nbsp; 925675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6327 | Danaher Corp. | &nbsp;&nbsp; 1332719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4065 | Eli Lilly & Co. | &nbsp;&nbsp; 4276339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8450 | Johnson & Johnson | &nbsp;&nbsp; 2099233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10000<br><sup>1</sup> <br>| Lumexa Imaging Holdings, Inc. | &nbsp;&nbsp; 141400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2764 | McKesson Corp. | &nbsp;&nbsp; 2729091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24682 | Medtronic PLC | &nbsp;&nbsp; 2410444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14349 | Merck & Co., Inc. | &nbsp;&nbsp; 1776693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88238 | Pfizer, Inc. | &nbsp;&nbsp; 2439781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4327 | Thermo Fisher Scientific, Inc. | &nbsp;&nbsp; 2254843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6176 | UnitedHealth Group, Inc. | &nbsp;&nbsp; 1811236 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 31018697 |
|  | **Industrials—5.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4300<br><sup>1</sup> <br>| CSG B.V. | &nbsp;&nbsp; 161724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2924 | Cummins, Inc. | &nbsp;&nbsp; 1707236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33315 | Delta Air Lines, Inc. | &nbsp;&nbsp; 2188795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9401 | Dover Corp. | &nbsp;&nbsp; 2119926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8919 | Eaton Corp. PLC | &nbsp;&nbsp; 3352830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3343<br><sup>1</sup> <br>| Forgent Power Solutions, Inc. | &nbsp;&nbsp; 114966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41137<br><sup>1</sup> <br>| Gates Industrial Corp. PLC | &nbsp;&nbsp; 1134147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6485 | GE Aerospace | &nbsp;&nbsp; 2219556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1275 | GE Vernova, Inc. | &nbsp;&nbsp; 1113840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4250<br><sup>1</sup> <br>| Generate Biomedicines, Inc. | &nbsp;&nbsp; 53763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12744 | Knight-Swift Transportation Holdings, Inc. | &nbsp;&nbsp; 801852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3426 | Northrop Grumman Corp. | &nbsp;&nbsp; 2481726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5471 | Parker-Hannifin Corp. | &nbsp;&nbsp; 5521224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14431 | RTX Corp. | &nbsp;&nbsp; 2924009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4620<br><sup>1</sup> <br>| Saia, Inc. | &nbsp;&nbsp; 1872902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7797<br><sup>1</sup> <br>| Siemens Energy AG | &nbsp;&nbsp; 1532523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14397 | Stanley Black & Decker, Inc. | &nbsp;&nbsp; 1245197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2218 | United Rentals North America, Inc. | &nbsp;&nbsp; 1863120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12147 | Waste Management, Inc. | &nbsp;&nbsp; 2925483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000<br><sup>1</sup> <br>| York Space Systems, Inc. | &nbsp;&nbsp; 128000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 35462819 |
|  | **Information Technology—8.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9883<br><sup>1</sup> <br>| Advanced Micro Devices, Inc. | &nbsp;&nbsp; 1978676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42524 | Apple, Inc. | &nbsp;&nbsp; 11233990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9921 | Applied Materials, Inc. | &nbsp;&nbsp; 3693588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18866<br><sup>1</sup> <br>| Arista Networks, Inc. | &nbsp;&nbsp; 2518611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25686 | Broadcom, Inc. | &nbsp;&nbsp; 8207961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6827 | IBM Corp. | &nbsp;&nbsp; 1639914 |

---

**2**

------

---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Information Technology—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7600<br><sup>1</sup> <br>| Innoscripta SE | &nbsp;&nbsp; $641035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 816 | KLA Corp. | &nbsp;&nbsp; 1244033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16822 | Marvell Technology, Inc. | &nbsp;&nbsp; 1374189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22425 | Microsoft Corp. | &nbsp;&nbsp; 8807195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5337 | Motorola Solutions, Inc. | &nbsp;&nbsp; 2573822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49020 | NVIDIA Corp. | &nbsp;&nbsp; 8685854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12761 | Salesforce, Inc. | &nbsp;&nbsp; 2485715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2826 | Seagate Technology Holdings PLC | &nbsp;&nbsp; 1152556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7783 | TD SYNNEX Corp. | &nbsp;&nbsp; 1220452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4500<br><sup>1</sup> <br>| Tekscend Photomask Corp. | &nbsp;&nbsp; 97215 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 57554806 |
|  | **Materials—1.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5024 | Agnico Eagle Mines Ltd. | &nbsp;&nbsp; 1261957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39413 | Freeport-McMoRan, Inc. | &nbsp;&nbsp; 2683237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7225 | Linde PLC | &nbsp;&nbsp; 3670878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12729 | LyondellBasell Industries N.V. | &nbsp;&nbsp; 732172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23803<br><sup>1</sup> <br>| MP Materials Corp. | &nbsp;&nbsp; 1401283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6314 | Vulcan Materials Co. | &nbsp;&nbsp; 1957340 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 11706867 |
|  | **Real Estate—1.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11322 | American Tower Corp. | &nbsp;&nbsp; 2172239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40329 | Brixmor Property Group, Inc. | &nbsp;&nbsp; 1220759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2596 | Equinix, Inc. | &nbsp;&nbsp; 2529179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44000 | NS Group, Inc. | &nbsp;&nbsp; 489979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13208 | ProLogis, Inc. | &nbsp;&nbsp; 1883065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135018 | RLJ Lodging Trust | &nbsp;&nbsp; 1082844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6387 | Simon Property Group, Inc. | &nbsp;&nbsp; 1301990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7318 | Sun Communities, Inc. | &nbsp;&nbsp; 998614 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 11678669 |
|  | **Utilities—1.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12113 | American Electric Power Co., Inc. | &nbsp;&nbsp; 1620962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137889 | CenterPoint Energy, Inc. | &nbsp;&nbsp; 5998172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65579 | PPL Corp. | &nbsp;&nbsp; 2556269 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 10175403 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL COMMON STOCKS <br>(IDENTIFIED COST $187,025,506)<br>| &nbsp;&nbsp; 262862150 |
|  | U.S. TREASURIES—8.6% |  |
|  | **U.S. Treasury Bond—2.8%** |  |
| $19100000 | United States Treasury Bond, 4.500%, 11/15/2054 | &nbsp;&nbsp; 18658903 |
|  | **U.S. Treasury Note—5.8%** |  |
| &nbsp;&nbsp; 19850000 | United States Treasury Note, 3.375%, 11/30/2027 | &nbsp;&nbsp; 19838040 |
| &nbsp;&nbsp; 3500000 | United States Treasury Note, 4.000%, 5/31/2030 | &nbsp;&nbsp; 3571358 |
| &nbsp;&nbsp; 15300000 | United States Treasury Note, 4.250%, 11/15/2034 | &nbsp;&nbsp; 15720334 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 39129732 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL U.S. TREASURIES <br>(IDENTIFIED COST $57,145,225)<br>| &nbsp;&nbsp;&nbsp; 57788635 |
|  | PREFERRED STOCKS—6.1% |  |
|  | **Communication Services—1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31094 | Google, Issued by JP Morgan Chase & Co., ELN, 2.000%, 5/26/26 | &nbsp;&nbsp; 9693244 |
|  | **Consumer Discretionary—1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33158 | Amazon, Issued by JP Morgan Chase & Co., ELN, 2.000%, 6/17/26 | &nbsp;&nbsp; 6992027 |

---

**3**

------

---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | PREFERRED STOCKS—continued |  |
|  | **Consumer Discretionary—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52000 | Whirlpool Corp., Conv. Pfd., 8.500% | &nbsp;&nbsp; $2592200 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9584227 |
|  | **Financials—0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45000 | Apollo Global Management, Inc., Conv. Pfd., 6.750% | &nbsp;&nbsp; 2522700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39097 | Ares Management Corp., Conv. Pfd., 6.750% | &nbsp;&nbsp; 1470047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31200 | KKR & Co., Inc., Conv. Pfd., Series D, 6.250% | &nbsp;&nbsp; 1238328 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5231075 |
|  | **Industrials—0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28000 | Boeing Co., Conv. Pfd., 6.000% | &nbsp;&nbsp; 2042040 |
|  | **Information Technology—0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65273 | Hewlett Packard Enterprise Co., Conv. Pfd., 7.625% | &nbsp;&nbsp; 3851107 |
|  | **Materials—0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37000 | Albemarle Corp., Conv. Pfd., 7.250% | &nbsp;&nbsp; 2629590 |
|  | **Utilities—1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79821 | NextEra Energy, Inc., 7.299% | &nbsp;&nbsp; 4501106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60000 | Southern Co., Conv. Pfd., 7.125% | &nbsp;&nbsp; 3198000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7699106 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; PREFERRED STOCKS <br>(IDENTIFIED COST $38,443,837)<br>| &nbsp;&nbsp;&nbsp; 40730389 |
|  | CORPORATE BONDS—2.0% |  |
|  | **Basic Industry - Metals & Mining—0.0%** |  |
| $75000 | Glencore Funding LLC, Sr. Unsecd. Note, 144A, 1.625%, 4/27/2026 | &nbsp;&nbsp; 74715 |
| &nbsp;&nbsp; 35000 | Glencore Funding LLC, Sr. Unsecd. Note, 144A, 3.375%, 9/23/2051 | &nbsp;&nbsp; 24100 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98815 |
|  | **Capital Goods - Aerospace & Defense—0.1%** |  |
| &nbsp;&nbsp; 50000 | Boeing Co., Sr. Unsecd. Note, 3.625%, 2/1/2031 | &nbsp;&nbsp; 48583 |
| &nbsp;&nbsp; 30000 | Boeing Co., Sr. Unsecd. Note, 3.950%, 8/1/2059 | &nbsp;&nbsp; 21528 |
| &nbsp;&nbsp; 30000 | Boeing Co., Sr. Unsecd. Note, 6.528%, 5/1/2034 | &nbsp;&nbsp; 33646 |
| &nbsp;&nbsp; 50000 | Boeing Co., Sr. Unsecd. Note, 6.858%, 5/1/2054 | &nbsp;&nbsp; 57379 |
| &nbsp;&nbsp; 125000 | L3Harris Technologies, Inc., Sr. Unsecd. Note, 5.400%, 7/31/2033 | &nbsp;&nbsp; 131733 |
| &nbsp;&nbsp; 50000 | Leidos, Inc., Sr. Unsecd. Note, Series WI, 4.375%, 5/15/2030 | &nbsp;&nbsp; 50194 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 343063 |
|  | **Capital Goods - Building Materials—0.0%** |  |
| &nbsp;&nbsp; 40000 | Allegion PLC, Sr. Unsecd. Note, 3.500%, 10/1/2029 | &nbsp;&nbsp; 39177 |
|  | **Capital Goods - Diversified Manufacturing—0.0%** |  |
| &nbsp;&nbsp; 15000 | Ingersoll-Rand, Inc., Sr. Unsecd. Note, 5.450%, 6/15/2034 | &nbsp;&nbsp; 15760 |
| &nbsp;&nbsp; 15000 | Ingersoll-Rand, Inc., Sr. Unsecd. Note, 5.700%, 6/15/2054 | &nbsp;&nbsp; 15265 |
| &nbsp;&nbsp; 25000 | Valmont Industries, Inc., Sr. Unsecd. Note, 5.000%, 10/1/2044 | &nbsp;&nbsp; 23226 |
| &nbsp;&nbsp; 90000 | Valmont Industries, Inc., Sr. Unsecd. Note, 5.250%, 10/1/2054 | &nbsp;&nbsp; 86711 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140962 |
|  | **Capital Goods - Environmental—0.0%** |  |
| &nbsp;&nbsp; 100000 | Republic Services, Inc., Sr. Unsecd. Note, 4.875%, 4/1/2029 | &nbsp;&nbsp; 102837 |
| &nbsp;&nbsp; 100000 | Waste Connections, Inc., Sr. Unsecd. Note, 2.600%, 2/1/2030 | &nbsp;&nbsp; 95323 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198160 |
|  | **Communications - Cable & Satellite—0.1%** |  |
| &nbsp;&nbsp; 70000 | Charter Communications Operating, LLC/Charter Communications Operating Capital Corp., Sec. Fac. Bond, <br> 6.550%, 6/1/2034<br>| &nbsp;&nbsp; 74477 |
| &nbsp;&nbsp; 45000 | Charter Communications Operating, LLC/Charter Communications Operating Capital Corp., Term Loan - 1st Lien, <br> 5.050%, 3/30/2029<br>| &nbsp;&nbsp; 45713 |
| &nbsp;&nbsp; 150000 | Comcast Corp., Sr. Unsecd. Note, 3.300%, 2/1/2027 | &nbsp;&nbsp; 149435 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269625 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Communications - Media & Entertainment—0.0%** |  |
| $35000 | AppLovin Corp., Sr. Unsecd. Note, 5.500%, 12/1/2034 | &nbsp;&nbsp; $35699 |
| &nbsp;&nbsp; 25000 | AppLovin Corp., Sr. Unsecd. Note, 5.950%, 12/1/2054 | &nbsp;&nbsp; 24042 |
| &nbsp;&nbsp; 100000 | Meta Platforms, Inc., Sr. Unsecd. Note, 4.875%, 11/15/2035 | &nbsp;&nbsp; 101033 |
| &nbsp;&nbsp; 50000 | Meta Platforms, Inc., Sr. Unsecd. Note, 5.625%, 11/15/2055 | &nbsp;&nbsp; 48980 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 209754 |
|  | **Communications - Telecom Wireless—0.1%** |  |
| &nbsp;&nbsp; 90000 | American Tower Corp., Sr. Unsecd. Note, 4.700%, 12/15/2032 | &nbsp;&nbsp; 91061 |
| &nbsp;&nbsp; 50000 | Crown Castle, Inc., Sr. Unsecd. Note, 5.200%, 2/15/2049 | &nbsp;&nbsp; 46108 |
| &nbsp;&nbsp; 200000 | Orange S.A., Sr. Unsecd. Note, 144A, 5.000%, 1/13/2036 | &nbsp;&nbsp; 200956 |
| &nbsp;&nbsp; 60000 | T-Mobile USA, Inc., Series WI, 2.700%, 3/15/2032 | &nbsp;&nbsp; 54681 |
| &nbsp;&nbsp; 95000 | T-Mobile USA, Inc., Sr. Unsecd. Note, 5.650%, 1/15/2053 | &nbsp;&nbsp; 93228 |
| &nbsp;&nbsp; 85000 | Vodafone Group PLC, Sr. Unsecd. Note, 5.625%, 2/10/2053 | &nbsp;&nbsp; 82725 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 568759 |
|  | **Communications - Telecom Wirelines—0.1%** |  |
| &nbsp;&nbsp; 190000 | AT&T, Inc., Sr. Unsecd. Note, Series WI, 5.300%, 8/15/2058 | &nbsp;&nbsp; 166165 |
| &nbsp;&nbsp; 125000 | Rogers Communications, Inc., Sr. Unsecd. Note, 4.500%, 3/15/2042 | &nbsp;&nbsp; 109339 |
| &nbsp;&nbsp; 60000 | Verizon Communications, Inc., Sr. Unsecd. Note, 3.550%, 3/22/2051 | &nbsp;&nbsp; 43512 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 319016 |
|  | **Consumer Cyclical - Automotive—0.1%** |  |
| &nbsp;&nbsp; 150000 | Daimler Trucks Financial NA, Sr. Unsecd. Note, 144A, 4.500%, 4/12/2031 | &nbsp;&nbsp; 150920 |
| &nbsp;&nbsp; 50000 | General Motors Co., Sr. Unsecd. Note, 5.200%, 4/1/2045 | &nbsp;&nbsp; 45559 |
| &nbsp;&nbsp; 100000 | General Motors Financial Co., Inc., Sr. Unsecd. Note, 5.450%, 7/15/2030 | &nbsp;&nbsp; 104537 |
| &nbsp;&nbsp; 100000 | Hyundai Capital America, Sr. Unsecd. Note, 144A, 5.400%, 6/23/2032 | &nbsp;&nbsp; 105030 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 406046 |
|  | **Consumer Cyclical - Leisure—0.0%** |  |
| &nbsp;&nbsp; 130000 | Royal Caribbean Cruises Ltd., Sr. Unsecd. Note, 5.250%, 2/27/2038 | &nbsp;&nbsp; 130260 |
|  | **Consumer Cyclical - Retailers—0.0%** |  |
| &nbsp;&nbsp; 125000 | AutoZone, Inc., Sr. Unsecd. Note, 5.400%, 7/15/2034 | &nbsp;&nbsp; 130657 |
| &nbsp;&nbsp; 85000 | Home Depot, Inc., Sr. Unsecd. Note, 2.950%, 6/15/2029 | &nbsp;&nbsp; 82898 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 213555 |
|  | **Consumer Cyclical - Services—0.0%** |  |
| &nbsp;&nbsp; 75000 | Uber Technologies, Inc., Sr. Unsecd. Note, 4.300%, 1/15/2030 | &nbsp;&nbsp; 75459 |
|  | **Consumer Non-Cyclical - Food/Beverage—0.1%** |  |
| &nbsp;&nbsp; 107000 | Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc., Sr. Unsecd. Note, 4.900%, 2/1/2046 | &nbsp;&nbsp; 100706 |
| &nbsp;&nbsp; 100000 | Bacardi-MartinI B.V., Sr. Unsecd. Note, 144A, 6.000%, 2/1/2035 | &nbsp;&nbsp; 104779 |
| &nbsp;&nbsp; 150000 | Coca-Cola Femsa S.A.B. de C.V., Sr. Unsecd. Note, 2.750%, 1/22/2030 | &nbsp;&nbsp; 143303 |
| &nbsp;&nbsp; 100000 | Kraft Heinz Foods Co., Sr. Unsecd. Note, 4.375%, 6/1/2046 | &nbsp;&nbsp; 82159 |
| &nbsp;&nbsp; 75000 | Mars, Inc., Sr. Unsecd. Note, 144A, 5.200%, 3/1/2035 | &nbsp;&nbsp; 77687 |
| &nbsp;&nbsp; 40000 | Mars, Inc., Sr. Unsecd. Note, 144A, 5.700%, 5/1/2055 | &nbsp;&nbsp; 40591 |
| &nbsp;&nbsp; 80000 | Smithfield Foods, Inc., Sr. Unsecd. Note, 144A, 3.000%, 10/15/2030 | &nbsp;&nbsp; 74656 |
| &nbsp;&nbsp; 85000 | The Campbell's Co., Sr. Unsecd. Note, 4.750%, 3/23/2035 | &nbsp;&nbsp; 82576 |
| &nbsp;&nbsp; 75000 | Tyson Foods, Inc., Sr. Unsecd. Note, 4.950%, 2/20/2036 | &nbsp;&nbsp; 75509 |
| &nbsp;&nbsp; 100000 | Tyson Foods, Inc., Sr. Unsecd. Note, 5.700%, 3/15/2034 | &nbsp;&nbsp; 106443 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 888409 |
|  | **Consumer Non-Cyclical - Health Care—0.0%** |  |
| &nbsp;&nbsp; 75000 | CVS Health Corp., Sr. Unsecd. Note, 5.250%, 2/21/2033 | &nbsp;&nbsp; 77924 |
| &nbsp;&nbsp; 90000 | CVS Health Corp., Sr. Unsecd. Note, 5.450%, 9/15/2035 | &nbsp;&nbsp; 93000 |
| &nbsp;&nbsp; 50000 | HCA, Inc., Sr. Unsecd. Note, 5.950%, 9/15/2054 | &nbsp;&nbsp; 49802 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220726 |
|  | **Consumer Non-Cyclical - Pharmaceuticals—0.1%** |  |
| &nbsp;&nbsp; 160000 | AbbVie, Inc., Sr. Unsecd. Note, 3.200%, 11/21/2029 | &nbsp;&nbsp; 156312 |
| &nbsp;&nbsp; 35000 | Amgen, Inc., Sr. Unsecd. Note, 5.250%, 3/2/2033 | &nbsp;&nbsp; 36658 |

---

**5**

------

---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Consumer Non-Cyclical - Pharmaceuticals—continued** |  |
| $190000 | Amgen, Inc., Sr. Unsecd. Note, 5.650%, 3/2/2053 | &nbsp;&nbsp; $189792 |
| &nbsp;&nbsp; 60000 | AstraZeneca PLC, Sr. Unsecd. Note, 1.375%, 8/6/2030 | &nbsp;&nbsp; 53854 |
| &nbsp;&nbsp; 175000 | Bristol-Myers Squibb Co., Sr. Unsecd. Note, Series WI, 4.350%, 11/15/2047 | &nbsp;&nbsp; 150003 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 586619 |
|  | **Consumer Non-Cyclical - Products—0.0%** |  |
| &nbsp;&nbsp; 65000 | Church & Dwight Co., Inc., Sr. Unsecd. Note, 2.300%, 12/15/2031 | &nbsp;&nbsp; 59105 |
|  | **Consumer Non-Cyclical - Tobacco—0.1%** |  |
| &nbsp;&nbsp; 105000 | Philip Morris International, Inc., Sr. Unsecd. Note, 5.750%, 11/17/2032 | &nbsp;&nbsp; 113285 |
| &nbsp;&nbsp; 145000 | Reynolds American, Inc., Sr. Unsecd. Note, 7.000%, 8/4/2041 | &nbsp;&nbsp; 162963 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 276248 |
|  | **Energy - Independent—0.0%** |  |
| &nbsp;&nbsp; 45000 | APA Corp., Sr. Unsecd. Note, 6.750%, 2/15/2055 | &nbsp;&nbsp; 46037 |
| &nbsp;&nbsp; 55000 | Ovintiv, Inc., Sr. Unsecd. Note, 7.100%, 7/15/2053 | &nbsp;&nbsp; 61421 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107458 |
|  | **Energy - Midstream—0.1%** |  |
| &nbsp;&nbsp; 30000 | Boardwalk Pipeline Partners LP, Sr. Unsecd. Note, 4.800%, 5/3/2029 | &nbsp;&nbsp; 30611 |
| &nbsp;&nbsp; 75000 | Enbridge, Inc., Sr. Unsecd. Note, 5.200%, 11/20/2035 | &nbsp;&nbsp; 76501 |
| &nbsp;&nbsp; 125000 | Enbridge, Inc., Sr. Unsecd. Note, 5.950%, 4/5/2054 | &nbsp;&nbsp; 128985 |
| &nbsp;&nbsp; 125000 | MPLX LP, Sr. Unsecd. Note, 4.950%, 3/14/2052 | &nbsp;&nbsp; 107482 |
| &nbsp;&nbsp; 30000 | Targa Resources, Inc., Sr. Unsecd. Note, 4.200%, 2/1/2033 | &nbsp;&nbsp; 29144 |
| &nbsp;&nbsp; 100000 | Targa Resources, Inc., Sr. Unsecd. Note, 5.400%, 7/30/2036 | &nbsp;&nbsp; 101886 |
| &nbsp;&nbsp; 125000 | Williams Cos., Inc., Sr. Unsecd. Note, 5.150%, 3/15/2034 | &nbsp;&nbsp; 128298 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 602907 |
|  | **Financial Institution - Banking—0.5%** |  |
| &nbsp;&nbsp; 170000 | Bank of America Corp., Sr. Unsecd. Note, 2.592%, 4/29/2031 | &nbsp;&nbsp; 159874 |
| &nbsp;&nbsp; 70000 | Bank of America Corp., Sr. Unsecd. Note, 5.468%, 1/23/2035 | &nbsp;&nbsp; 73383 |
| &nbsp;&nbsp; 100000 | Bank of America Corp., Sr. Unsecd. Note, 5.511%, 1/24/2036 | &nbsp;&nbsp; 104996 |
| &nbsp;&nbsp; 130000 | Bank of America Corp., Sr. Unsecd. Note, Series MTN, 2.884%, 10/22/2030 | &nbsp;&nbsp; 124758 |
| &nbsp;&nbsp; 150000 | Bank of New York Mellon Corp., Sr. Unsecd. Note, Series MTN, 3.992%, 6/13/2028 | &nbsp;&nbsp; 150327 |
| &nbsp;&nbsp; 150000 | Capital One Financial Co., Sr. Unsecd. Note, 5.399%, 1/30/2037 | &nbsp;&nbsp; 151419 |
| &nbsp;&nbsp; 60000 | Citigroup, Inc., Sr. Secd. Note, 4.503%, 9/11/2031 | &nbsp;&nbsp; 60470 |
| &nbsp;&nbsp; 95000 | Citigroup, Inc., Sr. Unsecd. Note, 3.200%, 10/21/2026 | &nbsp;&nbsp; 94622 |
| &nbsp;&nbsp; 125000 | Citigroup, Inc., Sub., 5.827%, 2/13/2035 | &nbsp;&nbsp; 130100 |
| &nbsp;&nbsp; 75000 | Citizens Financial Group, Inc., Sr. Unsecd. Note, 5.718%, 7/23/2032 | &nbsp;&nbsp; 79033 |
| &nbsp;&nbsp; 100000 | Fifth Third Bancorp, Sr. Unsecd. Note, 6.361%, 10/27/2028 | &nbsp;&nbsp; 103830 |
| &nbsp;&nbsp; 110000 | FNB Corp. (PA), 5.722%, 12/11/2030 | &nbsp;&nbsp; 113151 |
| &nbsp;&nbsp; 130000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 3.691%, 6/5/2028 | &nbsp;&nbsp; 129419 |
| &nbsp;&nbsp; 100000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 5.218%, 4/23/2031 | &nbsp;&nbsp; 103540 |
| &nbsp;&nbsp; 60000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 5.851%, 4/25/2035 | &nbsp;&nbsp; 63994 |
| &nbsp;&nbsp; 50000 | HSBC Holdings PLC, Sr. Unsecd. Note, 3.900%, 5/25/2026 | &nbsp;&nbsp; 49995 |
| &nbsp;&nbsp; 125000 | Huntington Bancshares, Inc., Sr. Unsecd. Note, 5.709%, 2/2/2035 | &nbsp;&nbsp; 131796 |
| &nbsp;&nbsp; 60000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 2.963%, 1/25/2033 | &nbsp;&nbsp; 55665 |
| &nbsp;&nbsp; 210000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 3.782%, 2/1/2028 | &nbsp;&nbsp; 209579 |
| &nbsp;&nbsp; 70000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 5.336%, 1/23/2035 | &nbsp;&nbsp; 72981 |
| &nbsp;&nbsp; 125000 | KeyCorp, Sr. Unsecd. Note, 6.401%, 3/6/2035 | &nbsp;&nbsp; 136365 |
| &nbsp;&nbsp; 75000 | M&T Bank Corp., Sr. Unsecd. Note, 5.179%, 7/8/2031 | &nbsp;&nbsp; 77472 |
| &nbsp;&nbsp; 65000 | M&T Bank Corp., Sr. Unsecd. Note, 7.413%, 10/30/2029 | &nbsp;&nbsp; 70516 |
| &nbsp;&nbsp; 40000 | Morgan Stanley, Sr. Unsecd. Note, 5.466%, 1/18/2035 | &nbsp;&nbsp; 41886 |
| &nbsp;&nbsp; 225000 | Morgan Stanley, Sr. Unsecd. Note, Series MTN, 6.250%, 8/9/2026 | &nbsp;&nbsp; 227270 |
| &nbsp;&nbsp; 100000 | Northern Trust Corp., Sub., 6.125%, 11/2/2032 | &nbsp;&nbsp; 109589 |
| &nbsp;&nbsp; 20000 | PNC Financial Services Group, Inc., 5.575%, 1/29/2036 | &nbsp;&nbsp; 21057 |
| &nbsp;&nbsp; 80000 | PNC Financial Services Group, Inc., Sr. Unsecd. Note, 5.676%, 1/22/2035 | &nbsp;&nbsp; 84935 |

---

**6**

------

---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Financial Institution - Banking—continued** |  |
| $65000 | Synovus Financial Corp., Sr. Unsecd. Note, 6.168%, 11/1/2030 | &nbsp;&nbsp; $68178 |
| &nbsp;&nbsp; 100000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 1.887%, 6/7/2029 | &nbsp;&nbsp; 95600 |
| &nbsp;&nbsp; 55000 | U.S. Bancorp, 5.100%, 7/23/2030 | &nbsp;&nbsp; 56928 |
| &nbsp;&nbsp; 200000 | Wells Fargo & Co., Sr. Unsecd. Note, 3.000%, 10/23/2026 | &nbsp;&nbsp; 198831 |
| &nbsp;&nbsp; 100000 | Wells Fargo & Co., Sr. Unsecd. Note, 5.605%, 4/23/2036 | &nbsp;&nbsp; 105211 |
| &nbsp;&nbsp; 60000 | Wells Fargo & Co., Sr. Unsecd. Note, Series MTN, 2.879%, 10/30/2030 | &nbsp;&nbsp; 57438 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3514208 |
|  | **Financial Institution - Broker/Asset Mgr/Exchange—0.0%** |  |
| &nbsp;&nbsp; 50000 | Jefferies Financial Group, Inc., Sr. Unsecd. Note, 2.750%, 10/15/2032 | &nbsp;&nbsp; 43689 |
| &nbsp;&nbsp; 100000 | Jefferies Financial Group, Inc., Sr. Unsecd. Note, 5.500%, 2/15/2036 | &nbsp;&nbsp; 98390 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142079 |
|  | **Financial Institution - Finance Companies—0.0%** |  |
| &nbsp;&nbsp; 150000 | AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 5.300%, 1/19/2034 | &nbsp;&nbsp; 154365 |
|  | **Financial Institution - Insurance - Health—0.0%** |  |
| &nbsp;&nbsp; 100000 | Elevance Health, Inc., Sr. Unsecd. Note, 5.000%, 1/15/2036 | &nbsp;&nbsp; 100596 |
|  | **Financial Institution - Insurance - Life—0.1%** |  |
| &nbsp;&nbsp; 200000 | Massachusetts Mutual Life Insurance Co., Sub. Note, 144A, 4.900%, 4/1/2077 | &nbsp;&nbsp; 165705 |
| &nbsp;&nbsp; 100000 | Wynnton Funding Trust, Sr. Unsecd. Note, 5.251%, 8/15/2035 | &nbsp;&nbsp; 101260 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266965 |
|  | **Financial Institution - Insurance - P&C—0.1%** |  |
| &nbsp;&nbsp; 50000 | Aon North America, Inc., 5.750%, 3/1/2054 | &nbsp;&nbsp; 49524 |
| &nbsp;&nbsp; 100000 | Beacon Funding Trust, Sr. Unsecd. Note, 6.266%, 8/15/2054 | &nbsp;&nbsp; 101898 |
| &nbsp;&nbsp; 55000 | Marsh & McLennan Cos., Inc., Sr. Unsecd. Note, 4.650%, 3/15/2030 | &nbsp;&nbsp; 56124 |
| &nbsp;&nbsp; 250000 | Nationwide Mutual Insurance Co., Sub. Note, 144A, 9.375%, 8/15/2039 | &nbsp;&nbsp; 336839 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 544385 |
|  | **Financial Institution - REIT - Apartment—0.0%** |  |
| &nbsp;&nbsp; 80000 | Avalonbay Communities, Inc., Sr. Unsecd. Note, Series MTN, 3.350%, 5/15/2027 | &nbsp;&nbsp; 79642 |
|  | **Financial Institution - REIT - Healthcare—0.0%** |  |
| &nbsp;&nbsp; 100000 | Physicians Realty Trust, Sr. Unsecd. Note, 4.300%, 3/15/2027 | &nbsp;&nbsp; 100227 |
| &nbsp;&nbsp; 85000 | Welltower, Inc., Sr. Unsecd. Note, 2.750%, 1/15/2031 | &nbsp;&nbsp; 79941 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180168 |
|  | **Financial Institution - REIT - Office—0.0%** |  |
| &nbsp;&nbsp; 105000 | Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 1.875%, 2/1/2033 | &nbsp;&nbsp; 87417 |
|  | **Financial Institution - REIT - Other—0.0%** |  |
| &nbsp;&nbsp; 100000 | WP Carey, Inc., Sr. Unsecd. Note, 5.375%, 6/30/2034 | &nbsp;&nbsp; 103955 |
|  | **Financial Institution - REIT - Retail—0.0%** |  |
| &nbsp;&nbsp; 100000 | Regency Centers LP, Sr. Unsecd. Note, 4.125%, 3/15/2028 | &nbsp;&nbsp; 100552 |
|  | **Technology—0.2%** |  |
| &nbsp;&nbsp; 50000 | Alphabet, Inc., Sr. Unsecd. Note, 2.050%, 8/15/2050 | &nbsp;&nbsp; 27609 |
| &nbsp;&nbsp; 35000 | Autodesk, Inc., Sr. Unsecd. Note, 5.300%, 6/15/2035 | &nbsp;&nbsp; 35878 |
| &nbsp;&nbsp; 45000 | Broadcom, Inc., Sr. Unsecd. Note, 4.150%, 11/15/2030 | &nbsp;&nbsp; 45157 |
| &nbsp;&nbsp; 85000 | Broadcom, Inc., Sr. Unsecd. Note, 5.050%, 7/12/2029 | &nbsp;&nbsp; 87961 |
| &nbsp;&nbsp; 25000 | Broadcom, Inc., Sr. Unsecd. Note, 5.200%, 4/15/2032 | &nbsp;&nbsp; 26163 |
| &nbsp;&nbsp; 5000 | Broadcom, Inc., Sr. Unsecd. Note, 144A, 3.187%, 11/15/2036 | &nbsp;&nbsp; 4315 |
| &nbsp;&nbsp; 100000 | Cisco Systems, Inc., Sr. Unsecd. Note, 5.300%, 2/26/2054 | &nbsp;&nbsp; 97367 |
| &nbsp;&nbsp; 100000 | Dell International LLC / EMC Corp., Sr. Unsecd. Note, 5.100%, 2/15/2036 | &nbsp;&nbsp; 100415 |
| &nbsp;&nbsp; 100000 | Fiserv, Inc., Sr. Unsecd. Note, 3.500%, 7/1/2029 | &nbsp;&nbsp; 97163 |
| &nbsp;&nbsp; 40000 | Global Payments, Inc., Sr. Unsecd. Note, 4.500%, 11/15/2028 | &nbsp;&nbsp; 40103 |
| &nbsp;&nbsp; 70000 | Global Payments, Inc., Sr. Unsecd. Note, 5.550%, 11/15/2035 | &nbsp;&nbsp; 69665 |
| &nbsp;&nbsp; 55000 | Hewlett Packard Enterprise Co., 5.600%, 10/15/2054 | &nbsp;&nbsp; 50652 |
| &nbsp;&nbsp; 50000 | Hewlett Packard Enterprise Co., Sr. Unsecd. Note, 5.000%, 10/15/2034 | &nbsp;&nbsp; 49568 |
| &nbsp;&nbsp; 150000 | Oracle Corp., Sr. Unsecd. Note, 5.200%, 9/26/2035 | &nbsp;&nbsp; 145007 |

---

**7**

------

---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Technology—continued** |  |
| $80000 | Oracle Corp., Sr. Unsecd. Note, 5.950%, 9/26/2055 | &nbsp;&nbsp; $70451 |
| &nbsp;&nbsp; 75000 | Oracle Corp., Sr. Unsecd. Note, 6.700%, 2/4/2056 | &nbsp;&nbsp; 72778 |
| &nbsp;&nbsp; 20000 | Oracle Corp., Sr. Unsecd. Note, 6.900%, 11/9/2052 | &nbsp;&nbsp; 19805 |
| &nbsp;&nbsp; 75000 | Roper Technologies, Inc., Sr. Unsecd. Note, 4.900%, 10/15/2034 | &nbsp;&nbsp; 74574 |
| &nbsp;&nbsp; 100000 | Synopsys, Inc., Sr. Unsecd. Note, 5.000%, 4/1/2032 | &nbsp;&nbsp; 103140 |
| &nbsp;&nbsp; 50000 | Trimble, Inc., Sr. Unsecd. Note, 6.100%, 3/15/2033 | &nbsp;&nbsp; 53299 |
| &nbsp;&nbsp; 40000 | Verisign, Inc., Sr. Unsecd. Note, 2.700%, 6/15/2031 | &nbsp;&nbsp; 36426 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1307496 |
|  | **Transportation - Railroads—0.0%** |  |
| &nbsp;&nbsp; 65000 | Union Pacific Corp., Sr. Unsecd. Note, 2.400%, 2/5/2030 | &nbsp;&nbsp; 61505 |
|  | **Transportation - Services—0.0%** |  |
| &nbsp;&nbsp; 50000 | Enterprise Rent-A-Car USA Finance Co., Sr. Unsecd. Note, 144A, 5.200%, 10/30/2034 | &nbsp;&nbsp; 52076 |
|  | **Utility - Electric—0.2%** |  |
| &nbsp;&nbsp; 80000 | American Electric Power Co., Inc., Sr. Unsecd. Note, 5.625%, 3/1/2033 | &nbsp;&nbsp; 84886 |
| &nbsp;&nbsp; 75000 | Black Hills Corp., Sr. Unsecd. Note, 2.500%, 6/15/2030 | &nbsp;&nbsp; 69947 |
| &nbsp;&nbsp; 150000 | CenterPoint Energy, Inc., Sr. Unsecd. Note, 2.650%, 6/1/2031 | &nbsp;&nbsp; 137081 |
| &nbsp;&nbsp; 125000 | Constellation Energy Generation LLC, Sr. Unsecd. Note, 5.800%, 3/1/2033 | &nbsp;&nbsp; 134107 |
| &nbsp;&nbsp; 35000 | Duke Energy Corp., Sr. Unsecd. Note, 5.000%, 12/8/2027 | &nbsp;&nbsp; 35683 |
| &nbsp;&nbsp; 40000 | Duke Energy Ohio, Inc., Term Loan - 1st Lien, 5.250%, 4/1/2033 | &nbsp;&nbsp; 42007 |
| &nbsp;&nbsp; 280000 | Evergy Metro, Inc., Sr. Unsecd. Note, 4.200%, 3/15/2048 | &nbsp;&nbsp; 232918 |
| &nbsp;&nbsp; 30000 | Exelon Corp., Sr. Unsecd. Note, 4.100%, 3/15/2052 | &nbsp;&nbsp; 23637 |
| &nbsp;&nbsp; 100000 | Exelon Corp., Sr. Unsecd. Note, 4.950%, 3/15/2036 | &nbsp;&nbsp; 99455 |
| &nbsp;&nbsp; 80000 | FirstEnergy Transmission LLC, Sr. Unsecd. Note, 144A, 4.550%, 4/1/2049 | &nbsp;&nbsp; 69592 |
| &nbsp;&nbsp; 35000 | NextEra Energy Capital Holdings, Inc., Sr. Unsecd. Note, 5.050%, 2/28/2033 | &nbsp;&nbsp; 36158 |
| &nbsp;&nbsp; 75000 | NiSource, Inc., Sr. Unsecd. Note, 4.375%, 5/15/2047 | &nbsp;&nbsp; 63535 |
| &nbsp;&nbsp; 150000 | Southern Power Co., Sr. Unsecd. Note, Series B, 4.900%, 10/1/2035 | &nbsp;&nbsp; 149545 |
| &nbsp;&nbsp; 45000 | WEC Energy Group, Inc., Sr. Unsecd. Note, 2.200%, 12/15/2028 | &nbsp;&nbsp; 42999 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1221550 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CORPORATE BONDS <br>(IDENTIFIED COST $13,930,207)<br>| &nbsp;&nbsp;&nbsp; 13671082 |
|  | COMMERCIAL MORTGAGE-BACKED SECURITIES—0.6% |  |
|  | **Commercial Mortgage—0.4%** |  |
| &nbsp;&nbsp; 875000 | Bank 2018-BN12, Class A4, 4.255%, 5/15/2061 | &nbsp;&nbsp; 876370 |
| &nbsp;&nbsp; 1225000 | Bank 2018-BN15, Class A4, 4.407%, 11/15/2061 | &nbsp;&nbsp; 1235901 |
| &nbsp;&nbsp; 285000 | Bank 2022-BNK40, Class A4, 3.389%, 3/15/2064 | &nbsp;&nbsp; 269179 |
| &nbsp;&nbsp; 400000 | CD Commercial Mortgage Trust 2016-CD4, Class A4, 3.514%, 5/10/2050 | &nbsp;&nbsp; 396197 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2777647 |
|  | **Federal Home Loan Mortgage Corporation—0.2%** |  |
| &nbsp;&nbsp; 747163 | Federal Home Loan Mortgage Corp. REMIC, Series K105, Class A1, 1.536%, 9/25/2029 | &nbsp;&nbsp; 714657 |
| &nbsp;&nbsp; 600000 | Federal Home Loan Mortgage Corp. REMIC, Series K109, Class A2, 1.558%, 4/25/2030 | &nbsp;&nbsp; 551389 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1266046 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES <br>(IDENTIFIED COST $4,215,579)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4043693 |
|  | COLLATERALIZED MORTGAGE OBLIGATION—0.2% |  |
|  | **Non-Agency Mortgage-Backed Securities—0.2%** |  |
| &nbsp;&nbsp; 1523799 | GS Mortgage-Backed Securities Trust 2022-PJ3, Class A4, 2.500%, 8/25/2052 <br>(IDENTIFIED COST $1,434,695)<br>| &nbsp;&nbsp; 1304633 |
|  | ASSET-BACKED SECURITY—0.1% |  |
|  | **Financial Services—0.1%** |  |
| &nbsp;&nbsp; 724926 | Home Partners of America Trust 2022-1, Class B, 4.330%, 4/17/2039 <br>(IDENTIFIED COST $718,910)<br>| &nbsp;&nbsp; 724769 |

---

**8**

------

---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | WARRANT—0.0% |  |
|  | **Materials—0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4803<br><sup>1</sup> <br>| Hercules, Inc., Warrants <br>(IDENTIFIED COST $0)<br>| &nbsp;&nbsp; $57845 |
|  | PURCHASED CALL OPTION—0.0% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250 | iShares Expanded Tech-Software, Exercise Price $90, Notional Amount $2,039,250, Expiration Date 4/17/2026 <br>(IDENTIFIED COST $73,762)<br>| &nbsp;&nbsp; 34375 |
|  | INVESTMENT COMPANIES—42.7% |  |
| &nbsp;&nbsp; 2708668 | Bank Loan Core Fund | &nbsp;&nbsp; 22590291 |
| &nbsp;&nbsp; 9607130 | Emerging Markets Core Fund | &nbsp;&nbsp; 87713099 |
| &nbsp;&nbsp; 4437867 | Federated Hermes Government Obligations Fund, Premier Shares, 3.59%<sup>2</sup> <br>| &nbsp;&nbsp; 4437867 |
| 15875411 | High Yield Bond Core Fund | &nbsp;&nbsp; 90489846 |
| &nbsp;&nbsp; 9448102 | Mortgage Core Fund | &nbsp;&nbsp; 81253674 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT COMPANIES <br>(IDENTIFIED COST $332,535,359)<br>| &nbsp;&nbsp; 286484777 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—99.5% <br>(IDENTIFIED COST $635,523,080)<br>| &nbsp;&nbsp; 667702348 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—0.5%<sup>3</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3159566 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $670861914 |

---

At February 28, 2026, the Fund had the following outstanding futures contracts:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number of** <br>**Contracts**<br>| &nbsp;&nbsp; **Notional** <br>**Value**<br>| &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| &nbsp;&nbsp; **Value and** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| **Long Futures:** |  |  |  |  |
| United States Treasury Notes 2-Year Long Futures | &nbsp;&nbsp; 276 | &nbsp;&nbsp;&nbsp; $57759469 | June 2026 | &nbsp;&nbsp;&nbsp; $94296 |
| United States Treasury Notes 5-Year Long Futures | &nbsp;&nbsp; 168 | &nbsp;&nbsp;&nbsp; $18503625 | June 2026 | &nbsp;&nbsp;&nbsp; $49877 |
| United States Treasury Notes 10-Year Ultra Long Futures | &nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp; $1634281 | June 2026 | &nbsp;&nbsp;&nbsp; $7187 |
| **Short Futures:** |  |  |  |  |
| United States Treasury Notes 10-Year Short Futures | &nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp; $2162438 | June 2026 | &nbsp;&nbsp;&nbsp; $(15183) |
| United States Treasury Ultra Bond Short Futures | &nbsp;&nbsp; 199 | &nbsp;&nbsp;&nbsp; $24197156 | June 2026 | &nbsp;&nbsp;&nbsp; $(218391) |
| &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED DEPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED DEPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED DEPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED DEPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp; $(82214) |

---

Net Unrealized Depreciation on Futures Contracts is included in "Other Assets and Liabilities—Net."

Transactions with affiliated investment companies, which are funds managed by the Adviser or an affiliate of the Adviser, during the period ended February 28, 2026, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliates** | **Value as of** <br>**11/30/2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**Depreciation**<br>| **Net** <br>**Realized** <br>**Gain/** <br>**(Loss)**<br>| **Value as of** <br>**2/28/2026**<br>| **Shares** <br>**Held as of** <br>**2/28/2026**<br>| **Dividend** <br>**Income**<br>|
| Bank Loan Core Fund | $22819456 | $362831 | $— | $(591996) | $— | $22590291 | &nbsp;&nbsp; 2708668 | $363342 |
| Emerging Markets Core Fund | $87232742 | $— | $— | $480357 | $— | $87713099 | &nbsp;&nbsp; 9607130 | $2187391 |
| Federated Hermes Government Obligations <br> Fund, Premier Shares<br>| $3329740 | $28036880 | $(26928753) | $— | $— | $4437867 | &nbsp;&nbsp; 4437867 | $43307 |
| High Yield Bond Core Fund | $90807354 | $— | $— | $(317508) | $— | $90489846 | 15875411 | $1412752 |
| Mortgage Core Fund | $85259051 | $— | $(4850000) | $1660564 | $(815941) | $81253674 | &nbsp;&nbsp; 9448102 | $1030155 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL OF AFFILIATED TRANSACTIONS | $289448343 | $28399711 | $(31778753) | $1231417 | $(815941) | $286484777 | 42077178 | $5036947 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 *Non-income-producing security.* <br> 2 *7-day net yield.* <br> 3 *Assets, other than investments in securities, less liabilities.*

Note: The categories of investments are shown as a percentage of net assets at February 28, 2026.

**9**

------

**Investment Valuation** 

In calculating its net asset value (NAV), the Fund generally values investments as follows:

■ Equity securities listed on an exchange or traded through a regulated market system are valued at their last reported sale price or official closing price in their principal exchange or market.

■ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.

■ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by Federated Equity Management Company of Pennsylvania (the "Adviser").

■ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and ask quotations.

■ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Adviser.

■ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Adviser, certain factors may be considered, such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's valuation committee ("Valuation Committee"), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**Fair Valuation and Significant Events Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended, the Fund's Board of Trustees (the "Trustees") has designated the Adviser as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Trustees' oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Adviser's fair value determinations.

The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser's affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser's fair valuation and significant events procedures as part of the Fund's compliance program and will review any changes made to the procedures.

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a "bid" evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a "mid" evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.

The Adviser has also adopted procedures requiring an investment to be priced at its fair value whenever the Valuation Committee determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment's value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:

■ With respect to securities traded principally in foreign markets, significant trends in U.S. equity markets or in the trading of foreign securities index futures contracts;

■ Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded;

■ Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, or a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry.

The Adviser has adopted procedures whereby the Valuation Committee uses a pricing service to provide factors to update the fair value of equity securities traded principally in foreign markets from the time of the close of their respective foreign stock exchanges to the pricing time of the Fund. For other significant events, the Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Valuation Committee will determine the fair value of the investment in accordance with the fair valuation procedures approved by the Adviser. The Trustees periodically review fair valuations made in response to significant events.

**10**

------

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

Level 1—quoted prices in active markets for identical securities.

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.

Level 3—significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>The following is a summary of the inputs used, as of February 28, 2026, in valuing the Fund's assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** |
|  | **Level 1—** <br>**Quoted** <br>**Prices**<br>| **Level 2—** <br>**Other** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3—** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Equity Securities:** |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp; Domestic | &nbsp;&nbsp; $250818766 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $250818766 |
| &nbsp;&nbsp; International | &nbsp;&nbsp;&nbsp;&nbsp; 4900445 | &nbsp;&nbsp;&nbsp;&nbsp; 7142939 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12043384 |
| Preferred Stocks |  |  |  |  |
| &nbsp;&nbsp; Domestic | &nbsp;&nbsp;&nbsp; 24045118 | &nbsp;&nbsp;&nbsp; 16685271 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 40730389 |
| **Debt Securities:** |  |  |  |  |
| U.S. Treasuries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 57788635 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 57788635 |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13671082 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13671082 |
| Commercial Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4043693 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4043693 |
| Collateralized Mortgage Obligation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1304633 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1304633 |
| Asset-Backed Security | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 724769 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 724769 |
| **Purchased Call Option** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34375 |
| **Warrant** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57845 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57845 |
| **Investment Companies** | &nbsp;&nbsp; 286484777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 286484777 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SECURITIES | &nbsp;&nbsp; $566283481 | &nbsp;&nbsp; $101418867 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $667702348 |
| **Other Financial Instruments:**<sup>1</sup> <br>|  |  |  |  |
| Assets | &nbsp;&nbsp; $151360 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $151360 |
| Liabilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (233574) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (233574) |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL OTHER FINANCIAL INSTRUMENTS | &nbsp;&nbsp; $(82214) | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(82214) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 *Other financial instruments are futures contracts.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| The following acronym(s) are used throughout this portfolio: | The following acronym(s) are used throughout this portfolio: |
| ELN | —Equity-Linked Notes |
| MTN | —Medium Term Note |
| REIT | —Real Estate Investment Trust |
| REMIC | —Real Estate Mortgage Investment Conduit |

---

**11**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes Income Securities Trust

- **b. Investment Company Act file number:** 811-04577

- **c. CIK number of Registrant:** 0000789281

- **d. LEI of Registrant:** 254900ZSL64R3SX7WJ45

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

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

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

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

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Federated Hermes Capital Income Fund

- **b. EDGAR series identifier (if any):** S000009073

- **c. LEI of Series:** I2RS71GYTS7ATN1SJD42

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

- **a. Date of fiscal year-end:** 2026-11-30

- **b. Date as of which information is reported:** 2026-02-28

**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:** $673327778.00

**Total Liabilities:** $1307247.61

**Net Assets:** $672020530.39

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -198.741014000000 | **1-Year:** -3741.672827000000 | **5-Year:** -4106.745961000000 | **10-Year:** -4548.572695000000 | **30-Year:** -2170.407047000000

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

- **3-Month:** -10.441373000000 | **1-Year:** -625.275344000000 | **5-Year:** -297.380006000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000024648 | 0.58%                | 1.05%                | 0.70%                |
| Class ID C000024650 | 0.51%                | 0.98%                | 0.53%                |
| Class ID C000024651 | 0.58%                | 1.05%                | 0.60%                |
| Class ID C000114947 | 0.49%                | 1.07%                | 0.72%                |
| Class ID C000130424 | 0.58%                | 1.04%                | 0.59%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $98960.56                | $238150.85                                 |
| Month 2  | $4708882.75              | $458259.51                                 |
| Month 3  | $-388338.95              | $3619486.49                                |

**Designated Index Information**

- **Index Name:** 40% Russell 1000 Value, 20% Bloomberg EM Seasoned ex Aggregate/Eurodollar, 20% Barclays US HY 2pc Issuer Capped, 20% Barclays US MBS

- **Index Identifier:** 2277 Blend BM

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AON NORTH AMERICA INC                                    | Aon North America Inc                                                           | CUSIP: 03740MAF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $49524.14     | 0.01%             | 2054-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT                                 | Apollo Global Management Inc                                                    | CUSIP: 03769M304<br>LEI: 254900LMFT1CY9IYB476 | Long             | EP               | CORP              | US        |     45000 | NS      | $2522700.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                                    | Applied Materials Inc                                                           | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      9921 | NS      | $3693588.30   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLOVIN CORP                                            | AppLovin Corp                                                                   | CUSIP: 03831WAD0<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35699.12     | 0.01%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arista Networks Inc                                      | Arista Networks Inc                                                             | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     18866 | NS      | $2518611.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOZONE INC                                             | AutoZone Inc                                                                    | CUSIP: 053332BK7<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    125000 | PA      | $130657.32    | 0.02%             | 2034-07-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Bank                                                     | BANK 2018-BNK15                                                                 | CUSIP: 06036FBC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1225000 | PA      | $1235900.54   | 0.18%             | 2061-11-15      | Variable      | 4.41%                 | No            |                  2 | On Loan: No      |
| BEACON FUNDING TRUST                                     | Beacon Funding Trust                                                            | CUSIP: 073952AB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $101898.02    | 0.02%             | 2054-08-15      | Fixed         | 6.27%                 | Yes           |                  2 | On Loan: No      |
| BOEING CO                                                | Boeing Co/The                                                                   | CUSIP: 097023CR4<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     30000 | PA      | $21527.68     | 0.00%             | 2059-08-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Brixmor Property Group Inc                               | Brixmor Property Group Inc                                                      | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               |  | US        |     40329 | NS      | $1220758.83   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                          | Philip Morris International Inc                                                 | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     14380 | NS      | $2686615.40   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTL INC                                   | Philip Morris International Inc                                                 | CUSIP: 718172CX5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    105000 | PA      | $113284.87    | 0.02%             | 2032-11-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                             | Broadcom Inc                                                                    | CUSIP: 11135FBQ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4315.27      | 0.00%             | 2036-11-15      | Fixed         | 3.19%                 | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORP                                          | CVS Health Corp                                                                 | CUSIP: 126650EK2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     90000 | PA      | $92999.84     | 0.01%             | 2035-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                   | Daimler Truck Finance North America LLC                                         | CUSIP: 233853BL3<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150920.18    | 0.02%             | 2031-04-12      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                         | Duke Energy Corp                                                                | CUSIP: 26441CBW4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35683.15     | 0.01%             | 2027-12-08      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federated Core Trust - High Yield Bond Portfolio         | FED HIGH YLD BOND PORT                                                          | CUSIP: 000000000<br>LEI: 549300FJ1PZWFDNRP685 | Long             | EC               | RF                | US        |  15875412 | NS      | $90489846.09  | 13.47%            |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY TRANSMISSION                                 | FirstEnergy Transmission LLC                                                    | CUSIP: 33767BAC3<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |     80000 | PA      | $69592.06     | 0.01%             | 2049-04-01      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| FISERV INC                                               | Fiserv Inc                                                                      | CUSIP: 337738AU2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97162.83     | 0.01%             | 2029-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                        | General Motors Co                                                               | CUSIP: 37045VAJ9<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45559.13     | 0.01%             | 2045-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                | Amgen Inc                                                                       | CUSIP: 031162DR8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36658.00     | 0.01%             | 2033-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                            | AppLovin Corp                                                                   | CUSIP: 03831WAE8<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24041.72     | 0.00%             | 2054-12-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CAMPBELLS COMPANY/THE                                    | Campbell Soup Co                                                                | CUSIP: 134429BQ1<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |     85000 | PA      | $82576.13     | 0.01%             | 2035-03-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                 | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $74477.03     | 0.01%             | 2034-06-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                             | Citizens Financial Group Inc                                                    | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     65130 | NS      | $3920174.70   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA FEMSA SAB CV                                   | Coca-Cola Femsa SAB de CV                                                       | CUSIP: 191241AH1<br>LEI: 5493008KEVFYPMGTXO33 | Long             | DBT              | CORP              | MX        |    150000 | PA      | $143303.30    | 0.02%             | 2030-01-22      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                         | Crown Castle International Corp                                                 | CUSIP: 22822VAM3<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |     50000 | PA      | $46107.46     | 0.01%             | 2049-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                      | Global Payments Inc                                                             | CUSIP: 37940XAY8<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69664.58     | 0.01%             | 2035-11-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| APA CORP                                                 | APA Corp                                                                        | CUSIP: 03743QAT5<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46036.99     | 0.01%             | 2055-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AutoZone Inc                                             | AutoZone Inc                                                                    | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       440 | NS      | $1652455.20   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc                               | Verizon Communications Inc                                                      | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     48023 | NS      | $2407873.22   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Innoscripta SE                                           | Innoscripta SE                                                                  | CUSIP: 000000000<br>LEI: 894500BA6B025ZEF0T83 | Long             | EC               | CORP              | DE        |      7600 | NS      | $641035.38    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| AVALONBAY COMMUNITIES                                    | AvalonBay Communities Inc                                                       | CUSIP: 05348EBA6<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              |  | US        |     80000 | PA      | $79642.40     | 0.01%             | 2027-05-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Boston Scientific Corp                                   | Boston Scientific Corp                                                          | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     18283 | NS      | $1405048.55   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS FINL CO                                   | General Motors Financial Co Inc                                                 | CUSIP: 37045XFJ0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104536.59    | 0.02%             | 2030-07-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                  | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103540.07    | 0.02%             | 2031-04-23      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                         | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824C208<br>LEI: 549300BX44RGX6ANDV88 | Long             | EP               | CORP              | US        |     65273 | NS      | $3851107.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                                           | SYNNEX Corp                                                                     | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |      7783 | NS      | $1220452.23   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| VALMONT INDUSTRIES INC                                   | Valmont Industries Inc                                                          | CUSIP: 920253AF8<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23226.55     | 0.00%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WYNNTON FUNDING TRUST                                    | Wynnton Funding Trust                                                           | CUSIP: 983196AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $101259.80    | 0.02%             | 2035-08-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| HBX Group International PLC                              | HBX Group International PLC                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |     11502 | NS      | $98376.95     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                           | Morgan Stanley                                                                  | CUSIP: 61746BCY0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    225000 | PA      | $227270.13    | 0.03%             | 2026-08-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                           | Morgan Stanley                                                                  | CUSIP: 61747YFL4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41886.02     | 0.01%             | 2035-01-18      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp                                    | Northrop Grumman Corp                                                           | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      3426 | NS      | $2481725.88   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                              | NVIDIA Corp                                                                     | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     49020 | NS      | $8685853.80   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                                 | AT&T Inc                                                                        | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    183308 | NS      | $5134457.08   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                                 | Alexandria Real Estate Equities Inc                                             | CUSIP: 015271AV1<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |    105000 | PA      | $87417.28     | 0.01%             | 2033-02-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Prologis Inc                                             | Prologis Inc                                                                    | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |     13208 | NS      | $1883064.56   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN POWER CO                                        | Southern Power Co                                                               | CUSIP: 843646AY6<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149545.10    | 0.02%             | 2035-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc                                             | Alphabet Inc                                                                    | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     18600 | NS      | $5798736.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                           | Amazon.com Inc                                                                  | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     13643 | NS      | $2865030.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOPSYS INC                                             | Synopsys Inc                                                                    | CUSIP: 871607AD9<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103140.18    | 0.02%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                             | Broadcom Inc                                                                    | CUSIP: 11135FAQ4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45157.26     | 0.01%             | 2030-11-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                             | Broadcom Inc                                                                    | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     85000 | PA      | $87961.50     | 0.01%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Caris Life Sciences Inc                                  | Caris Life Sciences Inc                                                         | CUSIP: 142152107<br>LEI: 549300LX5LO78M5VPY43 | Long             | EC               | CORP              | US        |     45962 | NS      | $925674.68    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                                         | Coca-Cola Co/The                                                                | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     50863 | NS      | $4148386.28   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ELECTRIC POWER                                  | American Electric Power Co Inc                                                  | CUSIP: 025537AX9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |     80000 | PA      | $84885.85     | 0.01%             | 2033-03-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                                      | American Tower Corp                                                             | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |     11322 | NS      | $2172238.92   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTODESK INC                                             | Autodesk Inc                                                                    | CUSIP: 052769AJ5<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35878.03     | 0.01%             | 2035-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                     | Bank of America Corp                                                            | CUSIP: 06051GMA4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73383.22     | 0.01%             | 2035-01-23      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc                                      | Delta Air Lines Inc                                                             | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     33315 | NS      | $2188795.50   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                       | Meta Platforms Inc                                                              | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      5564 | NS      | $3606473.52   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| GLENCORE FUNDING LLC                                     | Glencore Funding LLC                                                            | CUSIP: 378272BD9<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74715.08     | 0.01%             | 2026-04-27      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                         | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49567.67     | 0.01%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                               | AbbVie Inc                                                                      | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    160000 | PA      | $156311.88    | 0.02%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                 | AT&T Inc                                                                        | CUSIP: 00206RFS6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    190000 | PA      | $166164.65    | 0.02%             | 2058-08-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Advanced Micro Devices Inc                               | Advanced Micro Devices Inc                                                      | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      9883 | NS      | $1978675.43   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank                                                     | BANK 2022-BNK40                                                                 | CUSIP: 06541LBG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    285000 | PA      | $269179.39    | 0.04%             | 2064-03-15      | Variable      | 3.39%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                                    | Bath & Body Works Inc                                                           | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |     54554 | NS      | $1241649.04   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                                   | Agnico Eagle Mines Ltd                                                          | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |     10048 | NS      | $2523914.99   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc                           | American Electric Power Co Inc                                                  | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     12113 | NS      | $1620961.66   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                                      | American Express Co                                                             | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      9322 | NS      | $2879565.80   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                                  | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc                     | CUSIP: 03522AAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    107000 | PA      | $100705.95    | 0.01%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BLACK HILLS CORP                                         | Black Hills Corp                                                                | CUSIP: 092113AT6<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |     75000 | PA      | $69947.12     | 0.01%             | 2030-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CHURCH & DWIGHT CO INC                                   | Church & Dwight Co Inc                                                          | CUSIP: 17136MAA0<br>LEI: POOXSI30AWAQGYJZC921 | Long             | DBT              | CORP              | US        |     65000 | PA      | $59104.66     | 0.01%             | 2031-12-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA PLC                                          | AstraZeneca PLC                                                                 | CUSIP: 046353AW8<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | GB        |     60000 | PA      | $53853.59     | 0.01%             | 2030-08-06      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                     | Bank of America Corp                                                            | CUSIP: 06051GHX0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    130000 | PA      | $124758.54    | 0.02%             | 2030-10-22      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                   | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RBG1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150326.76    | 0.02%             | 2028-06-13      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                            | Boeing Co/The                                                                   | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |     28000 | NS      | $2042040.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO/THE                                            | Boeing Co/The                                                                   | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     30000 | PA      | $33645.84     | 0.01%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                            | Boeing Co/The                                                                   | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     50000 | PA      | $57379.53     | 0.01%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                             | Broadcom Inc                                                                    | CUSIP: 11135FCG4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26162.68     | 0.00%             | 2032-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp                               | Capital One Financial Corp                                                      | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      8616 | NS      | $1685634.24   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTERPOINT ENERGY INC                                   | CenterPoint Energy Inc                                                          | CUSIP: 15189TBB2<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    150000 | PA      | $137081.07    | 0.02%             | 2031-06-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                            | Citigroup Inc                                                                   | CUSIP: 172967KY6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     95000 | PA      | $94621.81     | 0.01%             | 2026-10-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                            | Citigroup Inc                                                                   | CUSIP: 172967PG0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    125000 | PA      | $130099.99    | 0.02%             | 2035-02-13      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                             | Enbridge Inc                                                                    | CUSIP: 29250NCD5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $128984.90    | 0.02%             | 2054-04-05      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                             | Enbridge Inc                                                                    | CUSIP: 29250NCP8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $76501.32     | 0.01%             | 2035-11-20      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| General Electric Co                                      | General Electric Co                                                             | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      6485 | NS      | $2219556.10   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| HP ENTERPRISE CO                                         | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBW8<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |     55000 | PA      | $50652.30     | 0.01%             | 2054-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp                     | International Business Machines Corp                                            | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      6827 | NS      | $1639913.67   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                               | AbbVie Inc                                                                      | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     13497 | NS      | $3132383.76   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN CHASE BANK NA                                  | JPMorgan Chase Bank NA                                                          | CUSIP: 466303542<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | SN               | CORP              | US        |     33158 | PA      | $6992027.46   | 1.04%             | 2026-06-17      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                      | JPMorgan Chase & Co                                                             | CUSIP: 46647PEC6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72981.14     | 0.01%             | 2035-01-23      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| BACARDI-MARTINI BV                                       | Bacardi-Martini BV                                                              | CUSIP: 05634WAB8<br>LEI: 5493002XXBV8B88K2408 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $104779.37    | 0.02%             | 2035-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp                                     | Bank of America Corp                                                            | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     75200 | NS      | $3747216.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                                     | Bank of America Corp                                                            | CUSIP: 06051GJB6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    170000 | PA      | $159873.86    | 0.02%             | 2031-04-29      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| Dover Corp                                               | Dover Corp                                                                      | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |      9401 | NS      | $2119925.50   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERGY METRO                                             | Kansas City Power & Light Co                                                    | CUSIP: 485134BR0<br>LEI: 1128SIJQ26096WL7IO82 | Long             | DBT              | CORP              | US        |    280000 | PA      | $232918.39    | 0.03%             | 2048-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Federated Hermes Government Obligations Fund             | Federated Hermes Government Obligations Fund                                    | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        |   4437867 | NS      | $4437866.51   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                                           | GE Vernova Inc                                                                  | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      1275 | NS      | $1113840.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PAYMENTS INC                                      | Global Payments Inc                                                             | CUSIP: 37940XAV4<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40103.34     | 0.01%             | 2028-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                                    | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150BD5<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    125000 | PA      | $131796.16    | 0.02%             | 2035-02-02      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                                       | Ingersoll Rand Inc                                                              | CUSIP: 45687VAG1<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15264.81     | 0.00%             | 2054-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE MUTUAL INSURA                                 | Nationwide Mutual Insurance Co                                                  | CUSIP: 638671AK3<br>LEI: Z7LVXXWM8HZPKF5T2355 | Long             | DBT              | CORP              | US        |    250000 | PA      | $336838.91    | 0.05%             | 2039-08-15      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP                                              | Oracle Corp                                                                     | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    150000 | PA      | $145006.64    | 0.02%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Knight-Swift Transportation Holdings Inc                 | Knight-Swift Transportation Holdings Inc                                        | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12744 | NS      | $801852.48    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MARS INC                                                 | Mars Inc                                                                        | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77686.89     | 0.01%             | 2035-03-01      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP                                              | Oracle Corp                                                                     | CUSIP: 68389XEB7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72777.92     | 0.01%             | 2056-02-04      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                                              | Ovintiv Inc                                                                     | CUSIP: 69047QAD4<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |     55000 | PA      | $61420.75     | 0.01%             | 2053-07-15      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                   | Roper Technologies Inc                                                          | CUSIP: 776696AJ5<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74573.56     | 0.01%             | 2034-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc                                           | salesforce.com Inc                                                              | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     12761 | NS      | $2485715.19   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                                 | NIKE Inc                                                                        | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     32561 | NS      | $2024642.98   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SERVICES                                   | PNC Financial Services Group Inc/The                                            | CUSIP: 693475CC7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21056.79     | 0.00%             | 2036-01-29      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                                     | Targa Resources Corp                                                            | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29143.55     | 0.00%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                    | Uber Technologies Inc                                                           | CUSIP: 90353TAN0<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75458.70     | 0.01%             | 2030-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Procter & Gamble Co/The                                  | Procter & Gamble Co/The                                                         | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     18031 | NS      | $3014783.20   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                                                 | Raytheon Technologies Corp                                                      | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     14431 | NS      | $2924009.22   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISIGN INC                                             | VeriSign Inc                                                                    | CUSIP: 92343EAM4<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | DBT              | CORP              | US        |     40000 | PA      | $36425.79     | 0.01%             | 2031-06-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                                     | WEC Energy Group Inc                                                            | CUSIP: 92939UAG1<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |     45000 | PA      | $42998.74     | 0.01%             | 2028-12-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Sun Communities Inc                                      | Sun Communities Inc                                                             | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               |  | US        |      7318 | NS      | $998614.28    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE USA INC                                         | T-Mobile USA Inc                                                                | CUSIP: 87264ACQ6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     60000 | PA      | $54681.00     | 0.01%             | 2032-03-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Eaton Corp PLC                                           | Eaton Corp PLC                                                                  | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |      8919 | NS      | $3352830.48   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC                          | Seagate Technology Holdings PLC                                                 | CUSIP: 000000000<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |      2826 | NS      | $1152555.84   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUIST FINANCIAL CORP                                    | Truist Financial Corp                                                           | CUSIP: 89788MAE2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95600.30     | 0.01%             | 2029-06-07      | Fixed         | 1.89%                 | No            |                  2 | On Loan: No      |
| WASTE CONNECTIONS INC                                    | Waste Connections Inc                                                           | CUSIP: 94106BAA9<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $95323.61     | 0.01%             | 2030-02-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc/The                                       | Home Depot Inc/The                                                              | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      2784 | NS      | $1059924.48   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Partners of America Trust                           | Home Partners of America 2022-1 Trust                                           | CUSIP: 43730NAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    724926 | PA      | $724768.48    | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Intercontinental Exchange Inc                            | Intercontinental Exchange Inc                                                   | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     16676 | NS      | $2737031.88   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                                      | JPMorgan Chase & Co                                                             | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     23666 | NS      | $7106899.80   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| JEFFERIES FIN GROUP INC                                  | Jefferies Group LLC                                                             | CUSIP: 47233JDX3<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |     50000 | PA      | $43688.51     | 0.01%             | 2032-10-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                                  | Jefferies Financial Group Inc                                                   | CUSIP: 47233WLL1<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98390.42     | 0.01%             | 2036-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KLA Corp                                                 | KLA Corp                                                                        | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       816 | NS      | $1244032.80   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYCORP                                                  | KeyCorp                                                                         | CUSIP: 49326EEP4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    125000 | PA      | $136365.22    | 0.02%             | 2035-03-06      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                                        | L3Harris Technologies Inc                                                       | CUSIP: 502431AQ2<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    125000 | PA      | $131732.62    | 0.02%             | 2033-07-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                 | Mars Inc                                                                        | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40590.84     | 0.01%             | 2055-05-01      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Marvell Technology Inc                                   | Marvell Technology Inc                                                          | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16822 | NS      | $1374189.18   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                           | Merck & Co Inc                                                                  | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     14349 | NS      | $1776693.18   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DOC DR LLC                                               | Physicians Realty LP                                                            | CUSIP: 71951QAA0<br>LEI: 549300P6Q1UMT0X60U20 | Long             | DBT              |  | US        |    100000 | PA      | $100227.44    | 0.01%             | 2027-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| RLJ Lodging Trust                                        | RLJ Lodging Trust                                                               | CUSIP: 74965L101<br>LEI: N/A                  | Long             | EC               |  | US        |    135018 | NS      | $1082844.36   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                 | Rogers Communications Inc                                                       | CUSIP: 775109CJ8<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $109339.38    | 0.02%             | 2042-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Stanley Black & Decker Inc                               | Stanley Black & Decker Inc                                                      | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |     14397 | NS      | $1245196.53   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE USA INC                                         | T-Mobile USA Inc                                                                | CUSIP: 87264ACW3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     95000 | PA      | $93227.99     | 0.01%             | 2053-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                                     | Targa Resources Corp                                                            | CUSIP: 87612GAS0<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101885.69    | 0.02%             | 2036-07-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| TRIMBLE INC                                              | Trimble Inc                                                                     | CUSIP: 896239AE0<br>LEI: 549300E2MI7NSZFQWS19 | Long             | DBT              | CORP              | US        |     50000 | PA      | $53299.11     | 0.01%             | 2033-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| TYSON FOODS INC                                          | Tyson Foods Inc                                                                 | CUSIP: 902494BM4<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |    100000 | PA      | $106443.55    | 0.02%             | 2034-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| TYSON FOODS INC                                          | Tyson Foods Inc                                                                 | CUSIP: 902494BN2<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75508.65     | 0.01%             | 2036-02-20      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Ulta Beauty Inc                                          | Ulta Beauty Inc                                                                 | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      2275 | NS      | $1557897.25   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15300000 | PA      | $15720333.84  | 2.34%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                    | Wells Fargo & Co                                                                | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    100000 | PA      | $105210.62    | 0.02%             | 2036-04-23      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| ALLEGION PLC                                             | Allegion PLC                                                                    | CUSIP: 01748TAB7<br>LEI: 984500560CAC2E6FB757 | Long             | DBT              | CORP              | IE        |     40000 | PA      | $39176.75     | 0.01%             | 2029-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                                | Apple Inc                                                                       | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     42524 | NS      | $11233990.32  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                                 | Citizens Financial Group Inc                                                    | CUSIP: 174610BH7<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |     75000 | PA      | $79032.88     | 0.01%             | 2032-07-23      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips                                           | ConocoPhillips                                                                  | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     21928 | NS      | $2487950.88   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc                                   | CenterPoint Energy Inc                                                          | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |    137889 | NS      | $5998171.50   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                                            | Citigroup Inc                                                                   | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     28742 | NS      | $3167080.98   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                            | Citigroup Inc                                                                   | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60470.29     | 0.01%             | 2031-09-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION EN GEN LLC                                 | Constellation Energy Generation LLC                                             | CUSIP: 210385AC4<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    125000 | PA      | $134106.91    | 0.02%             | 2033-03-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Equinix Inc                                              | Equinix Inc                                                                     | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |      2596 | NS      | $2529178.96   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORP                                              | Exelon Corp                                                                     | CUSIP: 30161NBH3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |     30000 | PA      | $23637.30     | 0.00%             | 2052-03-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Federated Core Trust - Federated Mortgage Core Portfolio | FEDERATED CORE TR MTG CORE PORTFOLIO                                            | CUSIP: 31409N200<br>LEI: 254900WC9GWJKY8X3D48 | Long             | EC               | RF                | US        |   9448102 | NS      | $81253674.07  | 12.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Federated Core Trust - Federated Bank Loan Core Fund     | FEDERATED CORE TR FEDERATED BANK LOAN CORE FUND                                 | CUSIP: 31409N804<br>LEI: 549300FJK5JF0KIC2N83 | Long             | EC               | RF                | US        |   2695639 | NS      | $22481625.38  | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERATED CORE TR                                        | FEDERATED CORE TR MUTUAL FUND                                                   | CUSIP: 31409N887<br>LEI: 254900HYFNGKM5PJOV84 | Long             | EC               | RF                | US        |   9607130 | NS      | $87713098.87  | 13.05%            |  |  |  | No            |                  1 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                      | GS Mortgage-Backed Securities Trust 2022-PJ3                                    | CUSIP: 362924AE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1523798 | PA      | $1304633.39   | 0.19%             | 2052-08-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                  | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GWL4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129418.85    | 0.02%             | 2028-06-05      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                                       | Ingersoll Rand Inc                                                              | CUSIP: 45687VAF3<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15760.39     | 0.00%             | 2034-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| KKR & CO INC                                             | KKR & Co Inc                                                                    | CUSIP: 48251W500<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |     31200 | NS      | $1238328.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC                                       | NextEra Energy Inc                                                              | CUSIP: 65339F663<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EP               | CORP              | US        |     79821 | NS      | $4501106.19   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                                              | Oracle Corp                                                                     | CUSIP: 68389XCK9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19804.98     | 0.00%             | 2052-11-09      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| ORANGE SA                                                | Orange SA                                                                       | CUSIP: 685218AF6<br>LEI: 969500MCOONR8990S771 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $200955.46    | 0.03%             | 2036-01-13      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| REGENCY CENTERS LP                                       | Regency Centers LP                                                              | CUSIP: 75884RAX1<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |    100000 | PA      | $100551.77    | 0.01%             | 2028-03-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                                    | Republic Services Inc                                                           | CUSIP: 760759BB5<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102836.83    | 0.02%             | 2029-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                  | Royal Caribbean Cruises Ltd                                                     | CUSIP: 78017TAD5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    130000 | PA      | $130260.14    | 0.02%             | 2038-02-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bonds                                                             | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19100000 | PA      | $18658902.69  | 2.78%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                    | Wells Fargo & Co                                                                | CUSIP: 95000U2G7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     60000 | PA      | $57437.59     | 0.01%             | 2030-10-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                   | US 10YR ULTRA FUT JUN26                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        14 | NC      | $7186.55      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV                             | LyondellBasell Industries NV                                                    | CUSIP: 000000000<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |     12729 | NS      | $732172.08    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                                     | Williams Cos Inc/The                                                            | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     18345 | NS      | $1370738.40   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | US 5YR NOTE (CBT) JUN26                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       168 | NC      | $49877.35     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Energy AG                                        | Siemens Energy AG                                                               | CUSIP: 000000000<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |      7797 | NS      | $1532522.52   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Linde PLC                                                | Linde PLC                                                                       | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      7225 | NS      | $3670878.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC                                 | Willis Towers Watson PLC                                                        | CUSIP: 000000000<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |      6368 | NS      | $1943322.56   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS NV                                                   | JBS NV                                                                          | CUSIP: 000000000<br>LEI: 254900JSFON4WL81TW77 | Long             | EC               | CORP              | NL        |    125647 | NS      | $2122177.83   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                              | Cummins Inc                                                                     | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      2924 | NS      | $1707235.88   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DELL INT LLC / EMC CORP                                  | Dell International LLC / EMC Corp                                               | CUSIP: 24703DBU4<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100414.71    | 0.01%             | 2036-02-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Ethos Technologies Inc                                   | Ethos Technologies Inc                                                          | CUSIP: 29765A101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30000 | NS      | $370500.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FNB CORP                                                 | FNB Corp/PA                                                                     | CUSIP: 302520AD3<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113150.76    | 0.02%             | 2030-12-11      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                       | Meta Platforms Inc                                                              | CUSIP: 30303MAE2<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48979.86     | 0.01%             | 2055-11-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Forgent Power Solutions Inc                              | Forgent Power Solutions Inc                                                     | CUSIP: 34631F102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3343 | NS      | $114965.77    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC                                           | Home Depot Inc/The                                                              | CUSIP: 437076BY7<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |     85000 | PA      | $82897.42     | 0.01%             | 2029-06-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE LONDON                                    | JPMORGAN CHASE BANK, NATIONAL                                                   | CUSIP: 466303872<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | SN               | CORP              | US        |     31094 | PA      | $9693243.56   | 1.44%             | 2026-05-26      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Lululemon Athletica Inc                                  | Lululemon Athletica Inc                                                         | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |      7007 | NS      | $1297486.19   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T BANK CORPORATION                                     | M&T Bank Corp                                                                   | CUSIP: 55261FAS3<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |     65000 | PA      | $70516.13     | 0.01%             | 2029-10-30      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                     | M&T Bank Corp                                                                   | CUSIP: 55261FAY0<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77471.60     | 0.01%             | 2031-07-08      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| MP Materials Corp                                        | MP Materials Corp                                                               | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |     23803 | NS      | $1401282.61   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MPLX LP                                                  | MPLX LP                                                                         | CUSIP: 55336VBT6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    125000 | PA      | $107482.25    | 0.02%             | 2052-03-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                                 | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748CA8<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56123.44     | 0.01%             | 2030-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc                                   | Motorola Solutions Inc                                                          | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      5337 | NS      | $2573821.62   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC                                             | NiSource Inc                                                                    | CUSIP: 65473QBF9<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     75000 | PA      | $63534.57     | 0.01%             | 2047-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NORTHERN TRUST CORP                                      | Northern Trust Corp                                                             | CUSIP: 665859AX2<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |    100000 | PA      | $109589.33    | 0.02%             | 2032-11-02      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                              | Oracle Corp                                                                     | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     80000 | PA      | $70451.19     | 0.01%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBH7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    150000 | PA      | $154365.03    | 0.02%             | 2034-01-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ALBEMARLE CORP                                           | Albemarle Corp                                                                  | CUSIP: 012653200<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EP               | CORP              | US        |     37000 | NS      | $2629590.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| REYNOLDS AMERICAN INC                                    | Reynolds American Inc                                                           | CUSIP: 761713BW5<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |    145000 | PA      | $162963.18    | 0.02%             | 2041-08-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| S&P Global Inc                                           | S&P Global Inc                                                                  | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      3922 | NS      | $1733053.36   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc                                            | Blackrock Inc                                                                   | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      2050 | NS      | $2179621.50   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORP                                              | Exelon Corp                                                                     | CUSIP: 30161NBV2<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99454.79     | 0.01%             | 2036-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Exzeo Group Inc                                          | TypTap Insurance Group Inc                                                      | CUSIP: 30234F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19418 | NS      | $325445.68    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KRAFT HEINZ FOODS CO                                     | Kraft Heinz Foods Co                                                            | CUSIP: 50077LAB2<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    100000 | PA      | $82158.96     | 0.01%             | 2046-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                              | Southern Co/The                                                                 | CUSIP: 842587842<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EP               | CORP              | US        |     60000 | NS      | $3198000.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEVANCE HEALTH INC                                      | Elevance Health Inc                                                             | CUSIP: 036752BK8<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100595.88    | 0.01%             | 2036-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARES MANAGEMENT CORP                                     | Ares Management Corp                                                            | CUSIP: 03990B309<br>LEI: 529900JUV61FH7B8VW38 | Long             | EP               | CORP              | US        |     39097 | NS      | $1470047.20   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                                     | Bank of America Corp                                                            | CUSIP: 06051GMM8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104996.10    | 0.02%             | 2036-01-24      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| BOARDWALK PIPELINES LP                                   | Boardwalk Pipelines LP                                                          | CUSIP: 096630AG3<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30611.13     | 0.00%             | 2029-05-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                | Boeing Co/The                                                                   | CUSIP: 097023DC6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48583.51     | 0.01%             | 2031-02-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                             | Broadcom Inc                                                                    | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     25686 | NS      | $8207961.30   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CD Commercial Mortgage Trust                             | CD 2017-CD4 Mortgage Trust                                                      | CUSIP: 12515DAR5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $396196.72    | 0.06%             | 2050-05-10      | Variable      | 3.51%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                 | Capital One Financial Corp                                                      | CUSIP: 14040HDQ5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151418.91    | 0.02%             | 2037-01-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                 | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BR4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $45712.76     | 0.01%             | 2029-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Chevron Corp                                             | Chevron Corp                                                                    | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21447 | NS      | $4005441.72   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                                  | Charles Schwab Corp/The                                                         | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     24759 | NS      | $2357056.80   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp                                       | UMB Financial Corp                                                              | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     19185 | NS      | $2223157.80   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc                                       | United Rentals Inc                                                              | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      2218 | NS      | $1863120.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                                               | US Bancorp                                                                      | CUSIP: 91159HJS0<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56928.06     | 0.01%             | 2030-07-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                                        | Cisco Systems Inc                                                               | CUSIP: 17275RBU5<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97366.57     | 0.01%             | 2054-02-26      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Danaher Corp                                             | Danaher Corp                                                                    | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      6327 | NS      | $1332719.28   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                                       | Valero Energy Corp                                                              | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      5820 | NS      | $1191004.80   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS                                   | Verizon Communications Inc                                                      | CUSIP: 92343VGB4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     60000 | PA      | $43512.09     | 0.01%             | 2051-03-22      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Vulcan Materials Co                                      | Vulcan Materials Co                                                             | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |      6314 | NS      | $1957340.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| WP CAREY INC                                             | WP Carey Inc                                                                    | CUSIP: 92936UAM1<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |    100000 | PA      | $103955.38    | 0.02%             | 2034-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                    | Wells Fargo & Co                                                                | CUSIP: 949746SH5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198830.99    | 0.03%             | 2026-10-23      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                         | Welltower Inc                                                                   | CUSIP: 95040QAL8<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |     85000 | PA      | $79940.87     | 0.01%             | 2031-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| York Space Systems Inc                                   | York Space Systems Inc                                                          | CUSIP: 987084100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5000 | NS      | $128000.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | US ULTRA BOND CBT JUN26                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -199 | NC      | $-218390.56   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                          | AstraZeneca PLC                                                                 | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     20340 | NS      | $4283810.48   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Tekscend Photomask Corp                                  | Tekscend Photomask Corp                                                         | CUSIP: 000000000<br>LEI: 353800F4MU4MCZEB9S06 | Long             | EC               | CORP              | JP        |      4500 | NS      | $97215.34     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ALPHABET INC                                             | Alphabet Inc                                                                    | CUSIP: 02079KAF4<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |     50000 | PA      | $27609.43     | 0.00%             | 2050-08-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                      | American Tower Corp                                                             | CUSIP: 03027XCR9<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |     90000 | PA      | $91061.25     | 0.01%             | 2032-12-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                | Amgen Inc                                                                       | CUSIP: 031162DT4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    190000 | PA      | $189792.01    | 0.03%             | 2053-03-02      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Assurant Inc                                             | Assurant Inc                                                                    | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |      9812 | NS      | $2252737.08   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP                                      | Fifth Third Bancorp                                                             | CUSIP: 316773DJ6<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103830.07    | 0.02%             | 2028-10-27      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                      | JPMorgan Chase & Co                                                             | CUSIP: 46647PCU8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     60000 | PA      | $55665.55     | 0.01%             | 2033-01-25      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                   | US 10YR NOTE (CBT)JUN26                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -19 | NC      | $-15183.55    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank NA                                   | ISHARES EXPANDED TECH-SOFTWARE                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DE               |  | US        |       250 | NC      | $34375.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                         | Exxon Mobil Corp                                                                | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     33639 | NS      | $5129947.50   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.         | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137FRUH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    747163 | PA      | $714656.62    | 0.11%             | 2029-09-25      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc                                     | Freeport-McMoRan Inc                                                            | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     39413 | NS      | $2683237.04   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| GLENCORE FUNDING LLC                                     | Glencore Funding LLC                                                            | CUSIP: 378272BH0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     35000 | PA      | $24099.90     | 0.00%             | 2051-09-23      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                  | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GA95<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     60000 | PA      | $63994.51     | 0.01%             | 2035-04-25      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                  | HCA Inc                                                                         | CUSIP: 404121AL9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49802.23     | 0.01%             | 2054-09-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Hercules Trust II                                        | HERCULES TR II WTS EXP 31MAR29                                                  | CUSIP: 427098116<br>LEI: N/A                  | N/A              | DE               |  | US        |      4803 | NS      | $57845.41     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                  | Hyundai Capital America                                                         | CUSIP: 44891ADX2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    100000 | PA      | $105030.36    | 0.02%             | 2032-06-23      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| META PLATFORMS INC                                       | Meta Platforms Inc                                                              | CUSIP: 30303MAD4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101033.70    | 0.02%             | 2035-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.         | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137FTFY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    600000 | PA      | $551389.56    | 0.08%             | 2030-04-25      | Fixed         | 1.56%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                        | Johnson & Johnson                                                               | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      8450 | NS      | $2099233.50   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Entertainment Inc                                   | Penn Entertainment Inc                                                          | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    108516 | NS      | $1697190.24   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Infinity Natural Resources Inc                           | Infinity Natural Resources Inc                                                  | CUSIP: 456941103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4000 | NS      | $66400.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                                      | JPMorgan Chase & Co                                                             | CUSIP: 46625HRY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    210000 | PA      | $209578.78    | 0.03%             | 2028-02-01      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                                               | Leidos Inc                                                                      | CUSIP: 52532XAF2<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50193.87     | 0.01%             | 2030-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co                                           | ELI LILLY & CO                                                                  | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      4065 | NS      | $4276339.35   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumexa Imaging Holdings Inc                              | Lumexa Imaging Holdings Inc                                                     | CUSIP: 550249106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $141400.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MASS MUTUAL LIFE INS CO                                  | Massachusetts Mutual Life Insurance Co                                          | CUSIP: 575767AL2<br>LEI: R6ZXK5P01NP6HXSY1S07 | Long             | DBT              | CORP              | US        |    200000 | PA      | $165704.66    | 0.02%             | 2077-04-01      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| McKesson Corp                                            | McKesson Corp                                                                   | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      2764 | NS      | $2729090.68   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                           | Microsoft Corp                                                                  | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     22425 | NS      | $8807194.50   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                   | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KCP3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36157.57     | 0.01%             | 2033-02-28      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                   | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BW4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     80000 | PA      | $84935.18     | 0.01%             | 2035-01-22      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| PPL Corp                                                 | PPL Corp                                                                        | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     65579 | NS      | $2556269.42   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp                                     | Parker-Hannifin Corp                                                            | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      5471 | NS      | $5521223.78   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                                               | Pfizer Inc                                                                      | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     88238 | NS      | $2439780.70   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                                     | Progressive Corp/The                                                            | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      8477 | NS      | $1811195.82   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                                 | Saia Inc                                                                        | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |      4620 | NS      | $1872901.80   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                                 | Simon Property Group Inc                                                        | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |      6387 | NS      | $1301989.95   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SMITHFIELD FOODS INC                                     | Smithfield Foods Inc                                                            | CUSIP: 832248BC1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |     80000 | PA      | $74655.71     | 0.01%             | 2030-10-15      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| PINNACLE FINANCL PARTNRS                                 | Synovus Financial Corp                                                          | CUSIP: 87161CAP0<br>LEI: 549300EIUS8UN5JTLE54 | Long             | DBT              | CORP              | US        |     65000 | PA      | $68177.72     | 0.01%             | 2030-11-01      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                                   | Williams Cos Inc/The                                                            | CUSIP: 88339WAC0<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128298.47    | 0.02%             | 2034-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                             | Thermo Fisher Scientific Inc                                                    | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      4327 | NS      | $2254842.97   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORP                                       | Union Pacific Corp                                                              | CUSIP: 907818FH6<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |     65000 | PA      | $61504.95     | 0.01%             | 2030-02-05      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3500000 | PA      | $3571358.35   | 0.53%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CPL9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19850000 | PA      | $19838040.38  | 2.95%             | 2027-11-30      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                                   | UnitedHealth Group Inc                                                          | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      6176 | NS      | $1811235.52   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| VODAFONE GROUP PLC                                       | Vodafone Group PLC                                                              | CUSIP: 92857WBY5<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |     85000 | PA      | $82725.42     | 0.01%             | 2053-02-10      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Walmart Inc                                              | Walmart Inc                                                                     | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     34696 | NS      | $4439353.20   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                                     | Waste Management Inc                                                            | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     12147 | NS      | $2925483.48   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Wealthfront Corp                                         | Wealthfront Corp                                                                | CUSIP: 947002101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42000 | NS      | $348600.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WHIRLPOOL CORP                                           | Whirlpool Corp                                                                  | CUSIP: 963320205<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EP               | CORP              | US        |     52000 | NS      | $2592200.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | US 2YR NOTE (CBT) JUN26                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       276 | NC      | $94295.95     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                                | Gates Industrial Corp PLC                                                       | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |     41137 | NS      | $1134147.09   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                            | Medtronic PLC                                                                   | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     24682 | NS      | $2410444.12   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| NS Group Inc                                             | NS Group Inc                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     44000 | NS      | $489979.23    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| PicS NV                                                  | PicS NV                                                                         | CUSIP: 000000000<br>LEI: 2549003HUMNZFNKGCE37 | Long             | EC               | CORP              | NL        |      3343 | NS      | $57098.44     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG NV                                                   | CSG NV                                                                          | CUSIP: 000000000<br>LEI: 31570078IM9ILNPQUB16 | Long             | EC               | CORP              | NL        |      4300 | NS      | $161724.43    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank                                                     | BANK 2018-BNK12                                                                 | CUSIP: 06541KBA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    875000 | PA      | $876370.08    | 0.13%             | 2061-05-15      | Variable      | 4.26%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                  | Bristol-Myers Squibb Co                                                         | CUSIP: 110122DK1<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    175000 | PA      | $150003.20    | 0.02%             | 2047-11-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                          | CVS Health Corp                                                                 | CUSIP: 126650DU1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77923.97     | 0.01%             | 2033-02-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                             | Comcast Corp                                                                    | CUSIP: 20030NBY6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149435.37    | 0.02%             | 2027-02-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Costco Wholesale Corp                                    | Costco Wholesale Corp                                                           | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      1100 | NS      | $1111869.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY OHIO INC                                     | Duke Energy Ohio Inc                                                            | CUSIP: 26442EAJ9<br>LEI: L6KC0HABGHNFU1Z6QY21 | Long             | DBT              | CORP              | US        |     40000 | PA      | $42006.99     | 0.01%             | 2033-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ERAC USA FINANCE LLC                                     | ERAC USA Finance LLC                                                            | CUSIP: 26884TAZ5<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52076.21     | 0.01%             | 2034-10-30      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                        | HSBC Holdings PLC                                                               | CUSIP: 404280BB4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     50000 | PA      | $49994.61     | 0.01%             | 2026-05-25      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| VALMONT INDUSTRIES INC                                   | Valmont Industries Inc                                                          | CUSIP: 920253AE1<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | DBT              | CORP              | US        |     90000 | PA      | $86710.68     | 0.01%             | 2054-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Visa Inc                                                 | Visa Inc                                                                        | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     11553 | NS      | $3698577.42   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-23

**Name of Applicant:** Federated Hermes Income Securities Trust

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Income Securities Trust

**Title:** Chief Compliance Officer