# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0000898745-25-000837
**Filing Date:** 2025-12
**Character Count:** 108533
**Document Hash:** 90dfb8ae7a88744cf2a26a361d8f2c29
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000898745-25-000837.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0000898745-25-000837

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRINCIPAL FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000898745

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07572
- **FILM NUMBER:** 251596254

**BUSINESS ADDRESS:**
- **STREET 1:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392
- **BUSINESS PHONE:** 515-235-9328

**MAIL ADDRESS:**
- **STREET 1:** PRINCIPAL FINANCIAL GROUP
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL FUNDS, INC
- **DATE OF NAME CHANGE:** 20211220

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL FUNDS INC
- **DATE OF NAME CHANGE:** 20080616

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL INVESTORS FUND INC
- **DATE OF NAME CHANGE:** 20001012

## Series and Classes Contracts Data

### Inflation Protection Fund (Series ID: S000006997)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000019081 | R-3                 | PIFPX           |
| C000019082 | R-5                 | PBPPX           |
| C000019085 | Class J             | PIPJX           |
| C000019086 | Institutional Class | PIPIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Principal Funds, Inc

- **b. Investment Company Act file number:** 811-07572

- **c. CIK number of Registrant:** 0000898745

- **d. LEI of Registrant:** 549300HZGBXSW6DSXF23

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

  - **Street Address 1:** 801 Grand Ave

  - **City:** Des Moines

  - **State:** IA

  - **Foreign country:** US

  - **Zip / Postal Code:** 50309

  - **Telephone number:** 515-235-1719

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

- **a. Name of Series:** Inflation Protection Fund

- **b. EDGAR series identifier (if any):** S000006997

- **c. LEI of Series:** 5493006ECFME6VCZ0U45

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2530574815.32

**Total Liabilities:** $145652162.10

**Net Assets:** $2384922653.22

**Cash Not Reported:** $10764861.11

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 47027.02210000 | **1-Year:** 0.00000000 | **5-Year:** -4093.74310000 | **10-Year:** 12299.26680000 | **30-Year:** 39046.02850000

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

- **3-Month:** 0.00000000 | **1-Year:** 4168.59250000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000019086 | 1.65%                | 0.37%                | 0.25%                |
| Class ID C000019082 | 1.69%                | 0.26%                | 0.26%                |
| Class ID C000019081 | 1.62%                | 0.40%                | 0.26%                |
| Class ID C000019085 | 1.63%                | 0.27%                | 0.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $771517.17               | $25266239.41                               |
| Month 2  | $1578874.64              | $3720519.60                                |
| Month 3  | $-4482903.43             | $2172355.25                                |

**Designated Index Information**

- **Index Name:** Fund Securities Portfolio

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    4450000 | OU      | $12487.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    3533632 | OU      | $56689.82     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CNB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   92118701 | PA      | $93240772.72  | 3.91%             | 2030-04-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810FD5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   27612320 | PA      | $29192360.68  | 1.22%             | 2028-04-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   30713000 | OU      | $-88145.23    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GWT 2024-WLF2                                                 | GWT 2024-WLF2                                                 | CUSIP: 362414AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1480000 | PA      | $1482775.00   | 0.06%             | 2041-05-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government Bond                      | Republic of South Africa Government Bond                      | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |   26712000 | PA      | $1662415.66   | 0.07%             | 2033-03-31      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $23659.46     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810SM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   27086709 | PA      | $16246622.05  | 0.68%             | 2050-02-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| DBC 2025-DBC Mortgage Trust                                   | DBC 2025-DBC Mortgage Trust                                   | CUSIP: 23306HAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2760000 | PA      | $2763450.00   | 0.12%             | 2038-06-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    5080000 | OU      | $77188.36     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810UH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   28316662 | PA      | $27978343.39  | 1.17%             | 2055-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CLE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   90089042 | PA      | $91351987.17  | 3.83%             | 2034-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    2117700 | OU      | $40441.57     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NYMT Loan Trust 2024-INV1                                     | NYMT Loan Trust 2024-INV1                                     | CUSIP: 62956XAA9<br>LEI: 2549009GL7U73W4FX613 | Long             | ABS-MBS          | CORP              | US        |    2002726 | PA      | $2007590.19   | 0.08%             | 2069-06-25      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| ELM Trust 2024-ELM                                            | ELM Trust 2024-ELM                                            | CUSIP: 26860XAU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     680000 | PA      | $686379.96    | 0.03%             | 2039-06-10      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    2190000 | OU      | $-7222.66     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae REMIC Trust 2003-W16                               | Fannie Mae REMIC Trust 2003-W16                               | CUSIP: 31393T4M5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        271 | PA      | $266.93       | 0.00%             | 2033-11-25      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810TP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   29846912 | PA      | $24192284.88  | 1.01%             | 2053-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    9696218 | OU      | $-51728.46    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa Government Bond                      | Republic of South Africa Government Bond                      | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |   24657000 | PA      | $1339737.49   | 0.06%             | 2037-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NCMF Trust 2025-MFS                                           | NCMF Trust 2025-MFS                                           | CUSIP: 62887TAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1948000 | PA      | $1952522.67   | 0.08%             | 2033-06-10      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICS                                            | Freddie Mac REMICS                                            | CUSIP: 3137HHLU3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |   13581213 | PA      | $13710275.11  | 0.57%             | 2054-12-25      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CNS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   72746016 | PA      | $73343512.49  | 3.08%             | 2035-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CML2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  100861485 | PA      | $103769309.51 | 4.35%             | 2035-01-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CEJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   29707222 | PA      | $29203451.59  | 1.22%             | 2027-04-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   30713000 | OU      | $90077.23     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Progress Residential 2022-SFR7 Trust                          | Progress Residential 2022-SFR7 Trust                          | CUSIP: 74333CAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3320000 | PA      | $3313261.06   | 0.14%             | 2039-10-27      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BFLD Commercial Mortgage Trust 2025-660F                      | BFLD Commercial Mortgage Trust 2025-660F                      | CUSIP: 05556QAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2145000 | PA      | $2147681.25   | 0.09%             | 2042-11-15      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |          3 | NC      | $1683.54      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mexico Government International Bond                          | Mexico Government International Bond                          | CUSIP: 91087BAT7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     400000 | PA      | $389000.00    | 0.02%             | 2033-05-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    2867000 | OU      | $-7254.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                          | Mexico Government International Bond                          | CUSIP: 91087BBC3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    1654000 | PA      | $1791695.50   | 0.08%             | 2037-05-13      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                                     | Fannie Mae or Freddie Mac                                     | CUSIP: 01F0326C3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   27347000 | PA      | $25190907.28  | 1.06%             | 2055-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 9128287D6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   56133496 | PA      | $54306937.86  | 2.28%             | 2029-07-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CCM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   74031119 | PA      | $69014392.49  | 2.89%             | 2031-07-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    3533632 | OU      | $-37535.24    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Japan Government Thirty Year Bond                             | Japan Government Thirty Year Bond                             | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | DBT              | NUSS              | JP        |  673750000 | PA      | $3714303.18   | 0.16%             | 2054-12-20      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810RR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   21248955 | PA      | $16561930.68  | 0.69%             | 2046-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-NQM3 Trust                                          | PRPM 2025-NQM3 Trust                                          | CUSIP: 69382NAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2009925 | PA      | $2022922.54   | 0.08%             | 2070-05-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CEZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   84509640 | PA      | $79878749.57  | 3.35%             | 2032-07-15      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        105 | NC      | $11174.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CSMC 2022-NQM5 Trust                                          | CSMC 2022-NQM5 Trust                                          | CUSIP: 12663DAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2095002 | PA      | $2092863.00   | 0.09%             | 2067-05-25      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    4852800 | OU      | $3752.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    4380000 | OU      | $-4904.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   16230000 | OU      | $202193.29    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                          | Mexico Government International Bond                          | CUSIP: 91087BAR1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    1527000 | PA      | $1324290.75   | 0.06%             | 2034-02-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMIC Trust 2004-W5                                | Fannie Mae REMIC Trust 2004-W5                                | CUSIP: 31393YKN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       8106 | PA      | $8072.11      | 0.00%             | 2047-02-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   23570000 | OU      | $-44110.62    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Extended Stay America Trust 2025-ESH                          | Extended Stay America Trust 2025-ESH                          | CUSIP: 30227TAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2348000 | PA      | $2352402.50   | 0.10%             | 2042-10-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICS                                            | Freddie Mac REMICS                                            | CUSIP: 3137HLLF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |     726626 | PA      | $733418.00    | 0.03%             | 2055-06-25      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2024-GPA3                        | BX Commercial Mortgage Trust 2024-GPA3                        | CUSIP: 123910AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     529755 | PA      | $530413.73    | 0.02%             | 2039-12-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 2166452830 | OU      | $35198.79     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cross 2024-H7 Mortgage Trust                                  | Cross 2024-H7 Mortgage Trust                                  | CUSIP: 22757CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1703645 | PA      | $1713996.62   | 0.07%             | 2069-11-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   17830000 | OU      | $41626.80     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   23570000 | OU      | $64350.25     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810RA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   27506413 | PA      | $21064693.41  | 0.88%             | 2043-02-15      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| HOMES 2025-AFC2 Trust                                         | HOMES 2025-AFC2 Trust                                         | CUSIP: 43761YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2565155 | PA      | $2581228.58   | 0.11%             | 2060-06-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Israel Government International Bond                          | Israel Government International Bond                          | CUSIP: 46514BRM1<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |     393000 | PA      | $384555.57    | 0.02%             | 2054-03-12      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Principal Government Money Market Fund - Class R-6            | Principal Government Money Market Fund - Class R-6            | CUSIP: 74257B639<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   38852169 | NS      | $38852169.05  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810TY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   28728970 | PA      | $26834718.03  | 1.13%             | 2054-02-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810QF8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    5360288 | PA      | $5411339.68   | 0.23%             | 2040-02-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| ACRA Trust 2024-NQM1                                          | ACRA Trust 2024-NQM1                                          | CUSIP: 00112EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     891040 | PA      | $894719.19    | 0.04%             | 2064-10-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $58878.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   10471000 | OU      | $-36992.18    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DBGS 2024-SBL                                                 | DBGS 2024-SBL                                                 | CUSIP: 23306QAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1545000 | PA      | $1545000.00   | 0.06%             | 2034-08-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  151181839 | OU      | $-16424.78    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaptions                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    6514500 | OU      | $-10424.15    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae REMICS                                             | Fannie Mae REMICS                                             | CUSIP: 3136BVN46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    1146011 | PA      | $1158763.87   | 0.05%             | 2055-05-25      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    2750000 | OU      | $61339.10     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CGW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   60139968 | PA      | $60138032.70  | 2.52%             | 2028-04-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |          5 | NC      | $-833.31      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae REMICS                                             | Fannie Mae REMICS                                             | CUSIP: 3136BVAP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |     495137 | PA      | $498664.64    | 0.02%             | 2054-08-25      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| SG Residential Mortgage Trust 2022-2                          | SG Residential Mortgage Trust 2022-2                          | CUSIP: 78434KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     534890 | PA      | $534853.45    | 0.02%             | 2062-08-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| HOMES 2025-AFC1 Trust                                         | HOMES 2025-AFC1 Trust                                         | CUSIP: 403969AC2<br>LEI: 2549006ZK3R8WZLA9S73 | Long             | ABS-MBS          | CORP              | US        |    1187348 | PA      | $1196704.76   | 0.05%             | 2060-01-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810PS1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    3630713 | PA      | $3677558.81   | 0.15%             | 2027-01-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-16854.46    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        368 | NC      | $-42286.40    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Deephaven Residential Mortgage Trust 2024-1                   | Deephaven Residential Mortgage Trust 2024-1                   | CUSIP: 24380QAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     940927 | PA      | $947375.48    | 0.04%             | 2069-07-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    4755657 | OU      | $21311.15     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac REMICS                                            | Freddie Mac REMICS                                            | CUSIP: 3137HKJ62<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |     674939 | PA      | $679925.84    | 0.03%             | 2055-03-25      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Credit Default Swaps                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |   16202728 | OU      | $1187037.82   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Options                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-16277.08    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BAHA Trust 2024-MAR                                           | BAHA Trust 2024-MAR                                           | CUSIP: 05493XAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2130000 | PA      | $2203120.13   | 0.09%             | 2041-12-10      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Alternative Note Asset Trust Series 2007-A3     | Merrill Lynch Alternative Note Asset Trust Series 2007-A3     | CUSIP: 59024HAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1209051 | PA      | $428387.04    | 0.02%             | 2037-04-25      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    4380000 | OU      | $-22806.59    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   12385000 | OU      | $-70292.68    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810SB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   18774059 | PA      | $14224142.79  | 0.60%             | 2048-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Asset-Backed Certificates                         | Countrywide Asset-Backed Certificates                         | CUSIP: 126671SL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       4003 | PA      | $4214.63      | 0.00%             | 2032-12-25      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| BFLD 2024-VICT Mortgage Trust                                 | BFLD 2024-VICT Mortgage Trust                                 | CUSIP: 05555VAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     570000 | PA      | $571959.38    | 0.02%             | 2041-07-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                                     | Fannie Mae or Freddie Mac                                     | CUSIP: 01F0326B5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   10800000 | PA      | $9956099.99   | 0.42%             | 2055-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912828Y38<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   53501729 | PA      | $53052760.13  | 2.22%             | 2028-07-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $22980.31     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    8097469 | OU      | $-33598.31    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaptions                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  108324000 | OU      | $-287760.72   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    2921179 | OU      | $-4282.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Japan Government Thirty Year Bond                             | Japan Government Thirty Year Bond                             | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | DBT              | NUSS              | JP        |  555700000 | PA      | $3133028.74   | 0.13%             | 2055-03-20      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  268312200 | OU      | $25335.42     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 9128283R9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   46775615 | PA      | $46072830.08  | 1.93%             | 2028-01-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    2075308 | OU      | $46866.67     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-33770.60    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CDX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   81209204 | PA      | $74668202.21  | 3.13%             | 2032-01-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICS                                            | Freddie Mac REMICS                                            | CUSIP: 3137HMM23<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |    1025658 | PA      | $1033334.66   | 0.04%             | 2055-05-25      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CJY8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   85491154 | PA      | $85811198.08  | 3.60%             | 2034-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810SV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   26430631 | PA      | $14893105.90  | 0.62%             | 2051-02-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |          7 | NC      | $-118.63      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   11070000 | OU      | $-14078.85    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810SG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   17780099 | PA      | $13265623.61  | 0.56%             | 2049-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-169125.26   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810RF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   38154631 | PA      | $32909538.45  | 1.38%             | 2044-02-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| COMM 2024-WCL1 MORTGAGE TRUST                                 | COMM 2024-WCL1 MORTGAGE TRUST                                 | CUSIP: 20047DAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     840000 | PA      | $836850.00    | 0.04%             | 2041-06-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810RW0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   25687985 | PA      | $19187284.66  | 0.80%             | 2047-02-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Progress Residential 2022-SFR6 Trust                          | Progress Residential 2022-SFR6 Trust                          | CUSIP: 74334DAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1990000 | PA      | $2010506.55   | 0.08%             | 2039-07-20      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810RL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   41651107 | PA      | $31391322.51  | 1.32%             | 2045-02-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Argent Securities Trust 2006-W3                               | Argent Securities Trust 2006-W3                               | CUSIP: 040104SQ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      22738 | PA      | $7090.85      | 0.00%             | 2036-04-25      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 1710053434 | OU      | $28444.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 5462038577 | OU      | $-44774.87    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   10811000 | OU      | $-55845.67    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 2231967335 | OU      | $-14142.68    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SG Residential Mortgage Trust 2021-1                          | SG Residential Mortgage Trust 2021-1                          | CUSIP: 784212AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2110027 | PA      | $1762501.73   | 0.07%             | 2061-07-25      | Variable      | 1.16%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    4949856 | OU      | $6359.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DBSG 2024-ALTA Mortgage Trust                                 | DBSG 2024-ALTA Mortgage Trust                                 | CUSIP: 239918AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     330000 | PA      | $334958.94    | 0.01%             | 2037-06-10      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2025-2                               | Angel Oak Mortgage Trust 2025-2                               | CUSIP: 03466QAA1<br>LEI: 254900DKH168ZWJSMI96 | Long             | ABS-MBS          | CORP              | US        |    2084418 | PA      | $2100333.91   | 0.09%             | 2070-02-25      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-NQM1 Trust                                          | PRPM 2025-NQM1 Trust                                          | CUSIP: 74391EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1832395 | PA      | $1850096.49   | 0.08%             | 2069-11-25      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        131 | NC      | $59855.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| A&D Mortgage Trust 2024-NQM5                                  | A&D Mortgage Trust 2024-NQM5                                  | CUSIP: 00039KAC4<br>LEI: 9845006Z1DC68561N347 | Long             | ABS-MBS          | CORP              | US        |    1868421 | PA      | $1877800.84   | 0.08%             | 2069-11-25      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    8097469 | OU      | $19073.24     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BAMLL Trust 2024-BHP                                          | BAMLL Trust 2024-BHP                                          | CUSIP: 05493WAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1310000 | PA      | $1312475.38   | 0.06%             | 2039-08-15      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CHP9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   81749620 | PA      | $80431715.48  | 3.37%             | 2033-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                                     | Fannie Mae or Freddie Mac                                     | CUSIP: 01F0506B7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   12703000 | PA      | $12638049.31  | 0.53%             | 2055-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust 2025-NQM1      | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM1      | CUSIP: 617932AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1227623 | PA      | $1238184.85   | 0.05%             | 2069-11-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2024-XL4                         | BX Commercial Mortgage Trust 2024-XL4                         | CUSIP: 05611VAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     677466 | PA      | $679371.07    | 0.03%             | 2039-02-15      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Impac CMB Trust Series 2005-5                                 | Impac CMB Trust Series 2005-5                                 | CUSIP: 45254NPY7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       4101 | PA      | $3425.23      | 0.00%             | 2035-08-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    4231306 | OU      | $-49408.38    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2023-DSC1                            | JP Morgan Mortgage Trust 2023-DSC1                            | CUSIP: 46656NAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     761296 | PA      | $748540.00    | 0.03%             | 2063-07-25      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    2117700 | OU      | $-23045.26    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CBF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   73521791 | PA      | $68930737.70  | 2.89%             | 2031-01-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   18670000 | OU      | $-572.44      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CGK1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   83072416 | PA      | $80405821.80  | 3.37%             | 2033-01-15      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810QP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   21464615 | PA      | $21509288.90  | 0.90%             | 2041-02-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   11075000 | OU      | $-21082.01    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        404 | NC      | $-339869.95   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Fleet Financing 2025-4 LLC                         | Enterprise Fleet Financing 2025-4 LLC                         | CUSIP: 29373NAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     997000 | PA      | $997480.55    | 0.04%             | 2032-06-20      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   27895000 | OU      | $-121454.15   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Option One Mortgage Loan Trust 2005-1                         | Option One Mortgage Loan Trust 2005-1                         | CUSIP: 68389FGN8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      23084 | PA      | $16792.41     | 0.00%             | 2035-02-25      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 9128282L3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   44188940 | PA      | $43763320.62  | 1.83%             | 2027-07-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810FH6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   31803211 | PA      | $34569045.83  | 1.45%             | 2029-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810PV4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   26738120 | PA      | $27056363.49  | 1.13%             | 2028-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| GCAT 2021-NQM4 Trust                                          | GCAT 2021-NQM4 Trust                                          | CUSIP: 36168HAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2097577 | PA      | $1759983.27   | 0.07%             | 2066-08-25      | Variable      | 1.09%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-5341.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HILT COMMERCIAL MORTGAGE TRUST 2024-ORL                       | HILT COMMERCIAL MORTGAGE TRUST 2024-ORL                       | CUSIP: 403956AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     745000 | PA      | $745465.63    | 0.03%             | 2037-05-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  150324200 | OU      | $-16290.61    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 9128285W6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   48201357 | PA      | $47669986.72  | 2.00%             | 2029-01-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810FQ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   11490673 | PA      | $12812035.50  | 0.54%             | 2032-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  149737471 | OU      | $14752.53     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810TE8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   31882575 | PA      | $17588261.59  | 0.74%             | 2052-02-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| HIH Trust 2024-61P                                            | HIH Trust 2024-61P                                            | CUSIP: 40444VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2438503 | PA      | $2446123.43   | 0.10%             | 2041-10-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| SHRN Trust 2025-MF18                                          | SHRN Trust 2025-MF18                                          | CUSIP: 82556AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2970000 | PA      | $2970000.00   | 0.12%             | 2040-10-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $27873.67     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust 2023-NQM3                     | BRAVO Residential Funding Trust 2023-NQM3                     | CUSIP: 10568EAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1363935 | PA      | $1354444.03   | 0.06%             | 2062-09-25      | Variable      | 4.85%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810QV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   44498916 | PA      | $35517851.41  | 1.49%             | 2042-02-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         68 | NC      | $-21002.74    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $256836.08    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                                     | Fannie Mae or Freddie Mac                                     | CUSIP: 01F0606B6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   12301699 | PA      | $12579188.06  | 0.53%             | 2055-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    2187500 | OU      | $8860.82      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   94083961 | OU      | $-10837.28    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2024-KING                        | BX Commercial Mortgage Trust 2024-KING                        | CUSIP: 05612RAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1895052 | PA      | $1896236.41   | 0.08%             | 2034-05-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Trust Series 2007-A2                   | Chase Mortgage Finance Trust Series 2007-A2                   | CUSIP: 16163LAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       1752 | PA      | $1768.86      | 0.00%             | 2035-06-25      | Variable      | 6.89%                 | No            |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust 2004-2                         | Long Beach Mortgage Loan Trust 2004-2                         | CUSIP: 542514FX7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       9387 | PA      | $9710.30      | 0.00%             | 2034-06-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CDC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   58835896 | PA      | $58357733.98  | 2.45%             | 2026-10-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   13840000 | OU      | $232711.01    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| COLT 2024-6 Mortgage Loan Trust                               | COLT 2024-6 Mortgage Loan Trust                               | CUSIP: 19688XAA4<br>LEI: 213800U2X2TO1PQH1O75 | Long             | ABS-MBS          | CORP              | US        |    1267290 | PA      | $1272163.41   | 0.05%             | 2069-11-25      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| Peruvian Government International Bond                        | Peruvian Government International Bond                        | CUSIP: N/A<br>LEI: 254900STKLK2DBJJZ530       | Long             | DBT              | NUSS              | PE        |    4183000 | PA      | $1310928.68   | 0.05%             | 2035-08-12      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaptions                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   18793000 | OU      | $-147307.93   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Peruvian Government International Bond                        | Peruvian Government International Bond                        | CUSIP: N/A<br>LEI: 254900STKLK2DBJJZ530       | Long             | DBT              | NUSS              | PE        |    3367000 | PA      | $1088621.33   | 0.05%             | 2039-08-12      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust 2022-SFR2                 | New Residential Mortgage Loan Trust 2022-SFR2                 | CUSIP: 64830RAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2035000 | PA      | $1976306.12   | 0.08%             | 2039-09-04      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 1290140000 | OU      | $-4468.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    2160054 | OU      | $-24879.28    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac REMICS                                            | Freddie Mac REMICS                                            | CUSIP: 3137HLLC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |     722663 | PA      | $729335.89    | 0.03%             | 2055-06-25      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICS                                            | Freddie Mac REMICS                                            | CUSIP: 3137HLLH3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |     968994 | PA      | $978051.15    | 0.04%             | 2055-06-25      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CKL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   75597538 | PA      | $77712069.69  | 3.26%             | 2029-04-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICS                                             | Fannie Mae REMICS                                             | CUSIP: 3136BTQ22<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |     274874 | PA      | $276830.86    | 0.01%             | 2054-12-25      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    1869500 | OU      | $8382.52      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    9500000 | OU      | $-23661.85    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BFLD Commercial Mortgage Trust 2025-5MW                       | BFLD Commercial Mortgage Trust 2025-5MW                       | CUSIP: 088921AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2581000 | PA      | $2579126.45   | 0.11%             | 2042-10-10      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| HONO 2021-LULU Mortgage Trust                                 | HONO 2021-LULU Mortgage Trust                                 | CUSIP: 40390MAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     220000 | PA      | $217800.00    | 0.01%             | 2036-10-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust 2021-3                     | Ellington Financial Mortgage Trust 2021-3                     | CUSIP: 31573JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1718861 | PA      | $1450900.08   | 0.06%             | 2066-09-25      | Variable      | 1.24%                 | No            |                  2 | On Loan: No      |
| PRKCM 2022-AFC2 Trust                                         | PRKCM 2022-AFC2 Trust                                         | CUSIP: 69377TAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     366481 | PA      | $365929.38    | 0.02%             | 2057-08-25      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 5060093146 | OU      | $-38869.13    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    3575000 | OU      | $-23407.13    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                          | Mexico Government International Bond                          | CUSIP: 91087BAV2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    5889000 | PA      | $6225261.90   | 0.26%             | 2035-02-09      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    6620000 | OU      | $37496.57     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912828V49<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    3386505 | PA      | $3350706.55   | 0.14%             | 2027-01-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    3243000 | OU      | $-20526.09    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $22429.16     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         45 | NC      | $-88455.85    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    5080000 | OU      | $-40442.87    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                                     | Fannie Mae or Freddie Mac                                     | CUSIP: 01F0526B3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   33933757 | PA      | $34283161.36  | 1.44%             | 2055-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912828Z37<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   58465585 | PA      | $55698056.52  | 2.34%             | 2030-01-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Options                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $71906.06     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Brazil Notas do Tesouro Nacional Serie F                      | Brazil Notas do Tesouro Nacional Serie F                      | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |    8500000 | PA      | $1461000.62   | 0.06%             | 2029-01-01      | Fixed         | 9.76%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CFR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   54552260 | PA      | $55212332.67  | 2.32%             | 2027-10-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $4412.35      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    4949856 | OU      | $-25091.56    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMSR 2022-SFR3 Trust                                          | AMSR 2022-SFR3 Trust                                          | CUSIP: 66981YAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2091000 | PA      | $2038589.71   | 0.09%             | 2039-10-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   19000000 | OU      | $27978.36     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Impac CMB Trust Series 2005-1                                 | Impac CMB Trust Series 2005-1                                 | CUSIP: 45254NMM6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      17276 | PA      | $16715.29     | 0.00%             | 2035-04-25      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   10310000 | OU      | $-19600.31    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMSR 2023-SFR2 Trust                                          | AMSR 2023-SFR2 Trust                                          | CUSIP: 00178YAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     750000 | PA      | $723092.55    | 0.03%             | 2040-06-17      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae                                                    | Ginnie Mae                                                    | CUSIP: 38373MYV6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | CORP              | US        |      63025 | PA      | $239.79       | 0.00%             | 2047-03-16      | Variable      | 1.60%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  269930329 | OU      | $25611.10     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae REMICS                                             | Fannie Mae REMICS                                             | CUSIP: 3136BWKS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |     676829 | PA      | $683079.33    | 0.03%             | 2055-06-25      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICS                                             | Fannie Mae REMICS                                             | CUSIP: 3136BUXZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    1647884 | PA      | $1660628.33   | 0.07%             | 2055-02-25      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   46595000 | OU      | $245961.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CONE Trust 2024-DFW1                                          | CONE Trust 2024-DFW1                                          | CUSIP: 20682AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     320000 | PA      | $319600.00    | 0.01%             | 2041-08-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    2190000 | OU      | $-7114.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac REMICS                                            | Freddie Mac REMICS                                            | CUSIP: 3137HL3Y6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |     946707 | PA      | $955555.60    | 0.04%             | 2055-05-25      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| ARES Commercial Mortgage Trust 2024-IND                       | ARES Commercial Mortgage Trust 2024-IND                       | CUSIP: 03990DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2145000 | PA      | $2149021.88   | 0.09%             | 2041-07-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| CIP Commercial Mortgage Trust 2025-SBAY                       | CIP Commercial Mortgage Trust 2025-SBAY                       | CUSIP: 12576AAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2055000 | PA      | $2056926.56   | 0.09%             | 2037-10-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    3795085 | OU      | $17196.23     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        632 | NC      | $567212.19    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    4380000 | OU      | $-14987.88    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 2141418264 | OU      | $35066.58     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cross 2025-H1 Mortgage Trust                                  | Cross 2025-H1 Mortgage Trust                                  | CUSIP: 22758NAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2272725 | PA      | $2292278.17   | 0.10%             | 2070-02-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    5080000 | OU      | $-31584.49    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2024-AIRC                        | BX Commercial Mortgage Trust 2024-AIRC                        | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     702146 | PA      | $703024.10    | 0.03%             | 2039-08-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    5080000 | OU      | $69577.69     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    4231306 | OU      | $79243.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Brazil Notas do Tesouro Nacional Serie F                      | Brazil Notas do Tesouro Nacional Serie F                      | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |   71932000 | PA      | $10936464.69  | 0.46%             | 2035-01-01      | Fixed         | 9.76%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        116 | NC      | $-151584.33   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   10310000 | OU      | $40453.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    2750000 | OU      | $-29881.40    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Tricon Residential 2024-SFR2 Trust                            | Tricon Residential 2024-SFR2 Trust                            | CUSIP: 89616VAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1805000 | PA      | $1822165.55   | 0.08%             | 2040-06-17      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    2187500 | OU      | $9399.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Alternative Loan Trust 2006-OA6                               | Alternative Loan Trust 2006-OA6                               | CUSIP: 12668BE74<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        101 | PA      | $101.16       | 0.00%             | 2046-07-25      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICS                                            | Freddie Mac REMICS                                            | CUSIP: 3137HHMR9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |     582466 | PA      | $586034.48    | 0.02%             | 2054-12-25      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    2160054 | OU      | $40723.57     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PENN Commercial Mortgage Trust 2025-P11                       | PENN Commercial Mortgage Trust 2025-P11                       | CUSIP: 69382VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1350000 | PA      | $1372404.06   | 0.06%             | 2042-08-10      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICS                                             | Fannie Mae REMICS                                             | CUSIP: 3136BWLP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    1230170 | PA      | $1243271.96   | 0.05%             | 2055-06-25      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    4852800 | OU      | $-21376.23    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    2075308 | OU      | $-30903.77    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-86828.95    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CJH5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   72740092 | PA      | $75405489.11  | 3.16%             | 2028-10-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   11075000 | OU      | $-6726.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $7240.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WaMu Mortgage Pass-Through Certificates Series 2005-AR2 Trust | WaMu Mortgage Pass-Through Certificates Series 2005-AR2 Trust | CUSIP: 92922FD39<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       7230 | PA      | $7256.61      | 0.00%             | 2045-01-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912828ZZ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   70786872 | PA      | $67166105.80  | 2.82%             | 2030-07-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    4755657 | OU      | $-41014.91    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810PZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   24760085 | PA      | $25744566.68  | 1.08%             | 2029-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   11070000 | OU      | $-10910.52    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Impac CMB Trust Series 2004-6                                 | Impac CMB Trust Series 2004-6                                 | CUSIP: 45254NKE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        509 | PA      | $508.56       | 0.00%             | 2034-10-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| ELM Trust 2024-ELM                                            | ELM Trust 2024-ELM                                            | CUSIP: 26860XAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     680000 | PA      | $684814.88    | 0.03%             | 2039-06-10      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Options                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $5628.29      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2024-MDHS                        | BX Commercial Mortgage Trust 2024-MDHS                        | CUSIP: 12433BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1201456 | PA      | $1202206.90   | 0.05%             | 2041-05-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CLV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   77303870 | PA      | $78578648.29  | 3.29%             | 2029-10-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaptions                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    6514500 | OU      | $-9235.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Mortgage Loan Trust 2025-NQM3                        | Barclays Mortgage Loan Trust 2025-NQM3                        | CUSIP: 06745VAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2601349 | PA      | $2615008.00   | 0.11%             | 2065-05-25      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| BFLD Trust 2025-EWEST                                         | BFLD Trust 2025-EWEST                                         | CUSIP: 05494JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1900000 | PA      | $1906262.97   | 0.08%             | 2042-06-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    9696218 | OU      | $15556.84     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LBA Trust 2024-BOLT                                           | LBA Trust 2024-BOLT                                           | CUSIP: 50177BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1270000 | PA      | $1270789.43   | 0.05%             | 2039-06-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| BX Trust 2024-VLT4                                            | BX Trust 2024-VLT4                                            | CUSIP: 05612TAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1702000 | PA      | $1701998.30   | 0.07%             | 2041-06-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-20592.26    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    3543000 | OU      | $-20274.27    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** Principal Funds, Inc

**Signature:** Megan Hoffmann

**Name of Signer:** /s/ Megan Hoffmann

**Title:** Vice President and Treasurer