# EDGAR Filing Document

**Accession Number:** 0000356476
**File Stem:** 0001145549-23-010280
**Filing Date:** 2023-2
**Character Count:** 131354
**Document Hash:** 83c5d73e3acc165757d1c18e83aff1ea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-010280.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001145549-23-010280

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EMPOWER FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000356476
- **IRS NUMBER:** 840876044
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03364
- **FILM NUMBER:** 23670712

**BUSINESS ADDRESS:**
- **STREET 1:** 8515 E ORCHARD ROAD
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111
- **BUSINESS PHONE:** 303-737-3000

**MAIL ADDRESS:**
- **STREET 1:** 8515 E ORCHARD ROAD
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GREAT-WEST FUNDS INC
- **DATE OF NAME CHANGE:** 20121005

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAXIM SERIES FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Empower Inflation-Protected Securities Fund (Series ID: S000059775)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000195600 | Institutional Class | MXIOX           |
| C000195601 | Investor Class      | MXIHX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** EMPOWER FUNDS, INC.

- **b. Investment Company Act file number:** 811-03364

- **c. CIK number of Registrant:** 0000356476

- **d. LEI of Registrant:** RUYOMHMDMSPQ01U66388

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

  - **Street Address 1:** 8515 E Orchard Road

  - **City:** Greenwood Village

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80111

  - **Telephone number:** 866-831-7129

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

- **a. Name of Series:** Empower Inflation-Protected Securities Fund

- **b. EDGAR series identifier (if any):** S000059775

- **c. LEI of Series:** 5493005A8YM8S6RG0K54

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $382438879.26

**Total Liabilities:** $1076049.22

**Net Assets:** $381362830.04

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 55.532450418566 | **1-Year:** 5376.604949062159 | **5-Year:** 25473.979659453935 | **10-Year:** 29904.322947485058 | **30-Year:** 578.909678415482

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

- **3-Month:** 0.000000000000 | **1-Year:** 118.156182775165 | **5-Year:** 1310.183846749059 | **10-Year:** 618.680107942371 | **30-Year:** 17.202533382751

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000195600 | 0.78%                | 1.44%                | -0.30%               |
| Class ID C000195601 | 0.66%                | 1.43%                | -0.28%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2154091.66             | $1723850.32                                |
| Month 2  | $-2189884.47             | $7979472.14                                |
| Month 3  | $-3386711.17             | $-2412364.04                               |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** 5493005A8YM8S6RG0K54

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CITIBANK NA REPO                                                                     | CITIBANK NA REPO SLRPD 4.300% 01/03/2023                 | CUSIP: 744900246<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | RA               | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC REPO.                                                            | BOFA SECURITIES INC REPO. SLRPD 4.300% 01/03/2023        | CUSIP: 744900250<br>LEI: 549300HN4UKV1E2R3U73 | Long             | RA               | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC REPO                                                        | JP MORGAN SECURITIES LLC REPO SLRPA 4.260% 01/03/2023    | CUSIP: 744900200<br>LEI: ZBUT11V806EZRVTWT807 | Long             | RA               | CORP              | US        |    563874 | PA      | $563874.00    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| RBC DOMINION SECURITIES INC REPO                                                     | RBC DOMINION SECURITIES INC REPO SLRPD 4.300% 01/03/2023 | CUSIP: 744900253<br>LEI: 549300QJJX6CVVUXLE15 | Long             | RA               | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA                                                                      | RCV 100.00 PAY 1.00 06/20/2027                           | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | Long             | DCR              |  | US        |      1658 | OU      | $2629.25      | 0.00%             | 2027-06-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| UBS INVESTMENT BANK                                                                  | RCV 0.00 PAY 0.00 09/23/2025                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | Long             | DIR              |  | US        |     52430 | OU      | $2847006.09   | 0.75%             | 2025-09-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CITIBANK N.A. NEW YORK                                                               | RCV 0.00 PAY 0.00 06/23/2026                             | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | Long             | DIR              |  | US        |         0 | OU      | $-465932.60   | -0.12%            | 2026-06-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                  | RCV 0.00 PAY 0.00 08/05/2024                             | CUSIP: N/A<br>LEI: 8I5DZWZKVSZI1NUHU748       | Long             | DIR              |  | US        |         0 | OU      | $2051936.97   | 0.54%             | 2024-08-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                    | RCV 0.00 PAY 0.00 05/06/2024                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | DIR              |  | US        |      9091 | OU      | $552798.43    | 0.14%             | 2024-05-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CITIBANK N.A. NEW YORK                                                               | RCV SOFR  PAY 2.57 06/04/2031                            | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | Long             | DIR              |  | US        |     19372 | OU      | $193733.28    | 0.05%             | 2031-06-04      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| CITIBANK N.A. NEW YORK                                                               | RCV 2.73 PAY SOFR  06/04/2033                            | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | Long             | DIR              |  | US        |      1668 | OU      | $-107231.15   | -0.03%            | 2033-06-04      | Floating      | 0.79%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                  | RCV SOFR  PAY 2.17 08/11/2052                            | CUSIP: N/A<br>LEI: 8I5DZWZKVSZI1NUHU748       | Long             | DIR              |  | US        |    312217 | OU      | $370145.09    | 0.10%             | 2052-08-11      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                       | RCV SOFR  PAY 2.68 07/28/2032                            | CUSIP: N/A<br>LEI: IGJSJL3JD5P30I6NJZ34       | Long             | DIR              |  | US        |     56261 | OU      | $60802.33     | 0.02%             | 2032-07-28      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                       | RCV SOFR  PAY 2.08 07/28/2047                            | CUSIP: N/A<br>LEI: IGJSJL3JD5P30I6NJZ34       | Long             | DIR              |  | US        |     42849 | OU      | $60600.69     | 0.02%             | 2047-07-28      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                       | RCV 2.91 PAY SOFR  07/28/2037                            | CUSIP: N/A<br>LEI: IGJSJL3JD5P30I6NJZ34       | Long             | DIR              |  | US        |      4320 | OU      | $-114418.39   | -0.03%            | 2037-07-28      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| CITIBANK N.A. NEW YORK                                                               | RCV 4.25 PAY SOFR  03/15/2026                            | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | Long             | DIR              |  | US        |     39025 | OU      | $28868.34     | 0.01%             | 2026-03-15      | Floating      | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA                                                                      | RCV 4.43 PAY SOFR  12/31/2024                            | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | Long             | DIR              |  | US        |     23878 | OU      | $505.82       | 0.00%             | 2024-12-31      | Floating      | 8.60%                 | No            |                  2 | On Loan: No      |
| CITADEL SECURITIES                                                                   | RCV SOFR  PAY 3.75 03/15/2030                            | CUSIP: N/A<br>LEI: 12UUJYTN7D3SW8KCSG25       | Long             | DIR              |  | US        |         0 | OU      | $-56149.86    | -0.01%            | 2030-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CITIBANK N.A. NEW YORK                                                               | RCV 2.50 PAY SOFR  06/04/2029                            | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | Long             | DIR              |  | US        |       874 | OU      | $-83001.84    | -0.02%            | 2029-06-04      | Floating      | 0.79%                 | No            |                  2 | On Loan: No      |
| CITIBANK N.A. NEW YORK                                                               | RCV 0.00 PAY 0.00 03/10/2025                             | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | Long             | DIR              |  | US        |    275912 | OU      | $-206165.46   | -0.05%            | 2025-03-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                       | RCV 2.72 PAY SOFR  08/11/2037                            | CUSIP: N/A<br>LEI: IGJSJL3JD5P30I6NJZ34       | Long             | DIR              |  | US        |         0 | OU      | $-454917.15   | -0.12%            | 2037-08-11      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA                                                                      | RCV 1.00 PAY 100.00 12/20/2027                           | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | Long             | DCR              |  | US        |         0 | OU      | $-5618.60     | -0.00%            | 2027-12-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                    | RCV 0.00 PAY 0.00 12/23/2025                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | DIR              |  | US        |         0 | OU      | $1486789.18   | 0.39%             | 2025-12-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-BOND 30YR                                           | CUSIP: 00002USH3<br>LEI: 549300EX04Q2QBFQTQ27 | Short            | DIR              | CORP              | US        |       -81 | NC      | $130829.49    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-NOTE 2YR                                            | CUSIP: 00002TUH3<br>LEI: 549300EX04Q2QBFQTQ27 | Long             | DIR              | CORP              | US        |       395 | NC      | $103685.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-NOTE 10YR                                           | CUSIP: 00002TYH3<br>LEI: 549300EX04Q2QBFQTQ27 | Short            | DIR              | CORP              | US        |      -101 | NC      | $145618.32    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-NOTE ULTRA 10Y                                      | CUSIP: 0002UXYH3<br>LEI: 549300EX04Q2QBFQTQ27 | Short            | DIR              | CORP              | US        |      -108 | NC      | $190859.04    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-NOTE 5YR                                            | CUSIP: 00002FVH3<br>LEI: 549300EX04Q2QBFQTQ27 | Long             | DIR              | CORP              | US        |       257 | NC      | $-156600.51   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-BOND ULTRA                                          | CUSIP: 00002WNH3<br>LEI: 549300EX04Q2QBFQTQ27 | Short            | DIR              | CORP              | US        |       -25 | NC      | $46888.65     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands, Inc.                                                           | STZ 3.7 12/06/26                                         | CUSIP: 21036PAQ1<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    925000 | NS      | $879571.51    | 0.23%             | 2026-12-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Eaton Corporation                                                                    | ETN 4.15 03/15/33                                        | CUSIP: 278062AH7<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |    650000 | NS      | $604251.42    | 0.16%             | 2033-03-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Ovintiv Inc                                                                          | OVV 6.5 08/15/34                                         | CUSIP: 292505AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | NS      | $181124.52    | 0.05%             | 2034-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Hillenbrand, Inc.                                                                    | HI 3.75 03/01/31                                         | CUSIP: 431571AE8<br>LEI: U246OE781574J2BUD366 | Long             | DBT              | CORP              | US        |    235000 | NS      | $192700.00    | 0.05%             | 2031-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AutoNation, Inc.                                                                     | AN 4.5 10/01/25                                          | CUSIP: 05329WAM4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    345000 | NS      | $335524.27    | 0.09%             | 2025-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                                                | LOW 1.7 09/15/28                                         | CUSIP: 548661ED5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    425000 | NS      | $356960.97    | 0.09%             | 2028-09-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Limited, London Branch                                                | MQGAU V3.052 03/03/36 144A                               | CUSIP: 556079AD3<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |    550000 | NS      | $397818.29    | 0.10%             | 2036-03-03      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Rush University System for Health                                                    | RUSHOB 3.922 11/15/29 2020                               | CUSIP: 78200JAA0<br>LEI: ZF7C375GL43TFX8CCS02 | Long             | DBT              | CORP              | US        |    255000 | NS      | $234310.26    | 0.06%             | 2029-11-15      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO XI Ltd                                                               | SNDPT 2013-3RA D                                         | CUSIP: 83609YAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | NS      | $201467.75    | 0.05%             | 2031-04-18      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                                                         | MAR 2.85 04/15/31 HH                                     | CUSIP: 571903BG7<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    650000 | NS      | $526358.73    | 0.14%             | 2031-04-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 5.2 01/15/33                                        | CUSIP: 87264ACV5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    550000 | NS      | $545041.12    | 0.14%             | 2033-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | TII 0.5 01/15/28                                         | CUSIP: 9128283R9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  28240000 | NS      | $32078422.91  | 8.41%             | 2028-01-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | TII 0.25 07/15/29                                        | CUSIP: 9128287D6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12500000 | NS      | $13315422.06  | 3.49%             | 2029-07-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Telecom Italia Capital S.A.                                                          | TITIM 7.2 07/18/36                                       | CUSIP: 87927VAR9<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |    185000 | NS      | $150201.50    | 0.04%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Trinitas Clo VI Limited                                                              | TRNTS 2017-6A CRR1                                       | CUSIP: 89640YAY0<br>LEI: 549300IUAXGLQ814UD95 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | NS      | $1856594.00   | 0.49%             | 2034-01-25      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 4 05/15/29                                           | CUSIP: 91324PEH1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1000000 | NS      | $954998.28    | 0.25%             | 2029-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Waste Management, Inc.                                                               | WM 4.15 04/15/32                                         | CUSIP: 94106LBS7<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    200000 | NS      | $190293.69    | 0.05%             | 2032-04-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: —       |
| United States Treasury Notes                                                         | TII 0.75 07/15/28                                        | CUSIP: 912828Y38<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17920000 | NS      | $20219373.20  | 5.30%             | 2028-07-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| The University Of Chicago                                                            | UNICHI 5.42 10/01/30                                     | CUSIP: 91412NAF7<br>LEI: 54930099Y7GU6182V326 | Long             | DBT              | CORP              | US        |     60000 | NS      | $61030.85     | 0.02%             | 2030-10-01      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corporation                                              | BK V5.834 10/25/33                                       | CUSIP: 06406RBM8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    200000 | NS      | $207318.74    | 0.05%             | 2033-10-25      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| The Boeing Company                                                                   | BA 5.15 05/01/30                                         | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    650000 | NS      | $634165.53    | 0.17%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V0.776 10/30/24                                        | CUSIP: 172967MT5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    875000 | NS      | $838389.00    | 0.22%             | 2024-10-30      | Fixed         | 0.78%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Company                                                   | HPE 4.9 10/15/25                                         | CUSIP: 42824CAW9<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    925000 | NS      | $915932.96    | 0.24%             | 2025-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| OBX 2022-NQM7 TRUST                                                                  | OBX 2022-NQM7 A1                                         | CUSIP: 67117DAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     96030 | NS      | $94204.76     | 0.02%             | 2062-08-25      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 4.2 05/15/32                                         | CUSIP: 91324PEJ7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    100000 | NS      | $94926.52     | 0.02%             | 2032-05-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                                                      | EQT 6.125 02/01/25                                       | CUSIP: 26884LAH2<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    205000 | NS      | $205481.75    | 0.05%             | 2025-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | GLENLN 1.625 04/27/26 144A                               | CUSIP: 378272BD9<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    400000 | NS      | $352436.90    | 0.09%             | 2026-04-27      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corporation                                                          | LMT 5.25 01/15/33                                        | CUSIP: 539830BW8<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    550000 | NS      | $567063.96    | 0.15%             | 2033-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2022-1                                                    | VERUS 2022-1 A1                                          | CUSIP: 92538WAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    809311 | NS      | $703381.91    | 0.18%             | 2067-01-25      | Floating      | 2.72%                 | No            |                  2 | On Loan: No      |
| African Export-Import Bank                                                           | AFREXI 2.634 05/17/26 144A                               | CUSIP: 00831TAB7<br>LEI: 21380068LJCDYA42GJ76 | Long             | DBT              | NUSS              | XX        |    200000 | NS      | $180000.00    | 0.05%             | 2026-05-17      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                     | FN CA2540                                                | CUSIP: 3140Q9ZE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    147195 | NS      | $144426.97    | 0.04%             | 2048-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LCM 38 Ltd / LCM 38 LLC                                                              | LCM 38A A1A                                              | CUSIP: 50204HAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    615000 | NS      | $609959.46    | 0.16%             | 2034-07-17      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corporation                                                                   | ORCL 6.25 11/09/32                                       | CUSIP: 68389XCJ2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2350000 | NS      | $2459559.02   | 0.64%             | 2032-11-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                                           | ACGCAP 1.95 01/30/26 144A                                | CUSIP: 05369AAK7<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    325000 | NS      | $282937.93    | 0.07%             | 2026-01-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Magallanes Inc.                                                                      | WBD 4.279 03/15/32 144A                                  | CUSIP: 55903VAL7<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    300000 | NS      | $247129.42    | 0.06%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| READY CAPITAL MORTGAGE FINANCING LLC                                                 | RCMT 2021-FL7 A                                          | CUSIP: 75575WAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1129869 | NS      | $1077476.93   | 0.28%             | 2036-11-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                        | STACR 2022-DNA3 M1A                                      | CUSIP: 35564KUW7<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    163824 | NS      | $163004.42    | 0.04%             | 2042-04-25      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V4.023 12/05/24                                      | CUSIP: 46647PAY2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    375000 | NS      | $369406.09    | 0.10%             | 2024-12-05      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| Quicken Lns Llc/Quicken Lns Co-Issuer Inc                                            | RKTRM 3.625 03/01/29 144A                                | CUSIP: 74841CAA9<br>LEI: 549300FGXN1K3HLB1R50 | Long             | DBT              | CORP              | US        |    235000 | NS      | $186222.95    | 0.05%             | 2029-03-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Workday Inc                                                                          | WDAY 3.5 04/01/27                                        | CUSIP: 98138HAG6<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |    250000 | NS      | $233642.27    | 0.06%             | 2027-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Workday Inc                                                                          | WDAY 3.7 04/01/29                                        | CUSIP: 98138HAH4<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |    275000 | NS      | $252298.35    | 0.07%             | 2029-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Banner Health                                                                        | BANNER 2.338 01/01/30                                    | CUSIP: 06654DAB3<br>LEI: PLD0E0WJKFN8IZJ2WD85 | Long             | DBT              | CORP              | US        |    675000 | NS      | $567553.88    | 0.15%             | 2030-01-01      | Fixed         | 2.34%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA4031                                                | CUSIP: 31418DPR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     54831 | NS      | $53411.79     | 0.01%             | 2050-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GULF STREAM MERIDIAN 3 LTD                                                           | GSM 2021-IIIA A2                                         | CUSIP: 402512AC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | NS      | $767888.80    | 0.20%             | 2034-04-17      | Floating      | 4.26%                 | No            |                  2 | On Loan: No      |
| Invitation Homes Operating Partnership Lp                                            | INVH 2.3 11/15/28                                        | CUSIP: 46188BAB8<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    300000 | NS      | $248066.78    | 0.07%             | 2028-11-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| PHEAA STUDENT LOAN TRUST                                                             | PHEAA 2012-1A A1                                         | CUSIP: 69338YAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    666381 | NS      | $653741.43    | 0.17%             | 2027-05-25      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co., L.P.                                                       | PENSKE 4.4 07/01/27 144A                                 | CUSIP: 709599BN3<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |   1075000 | NS      | $1020114.76   | 0.27%             | 2027-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | TII 0.625 07/15/32                                       | CUSIP: 91282CEZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6100000 | NS      | $5729842.00   | 1.50%             | 2032-07-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                             | VST 5 07/31/27 144A                                      | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    230000 | NS      | $213461.51    | 0.06%             | 2027-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Apidos CLO XII                                                                       | APID 2013-12A AR                                         | CUSIP: 03764DAH4<br>LEI: 549300M5NMLBQJXUO195 | Long             | ABS-CBDO         | CORP              | KY        |   4950000 | NS      | $4877393.40   | 1.28%             | 2031-04-15      | Floating      | 3.59%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                                         | AVOL 4.25 04/15/26 144A                                  | CUSIP: 05401AAL5<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    500000 | NS      | $453275.63    | 0.12%             | 2026-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Baylor Scott & White Holdings                                                        | BSWHLD 1.777 11/15/30 2021                               | CUSIP: 072863AH6<br>LEI: 549300JQDKSBWYRGGV95 | Long             | DBT              | CORP              | US        |    245000 | NS      | $189224.25    | 0.05%             | 2030-11-15      | Fixed         | 1.78%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                      | CVS 3.25 08/15/29                                        | CUSIP: 126650DG2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    566000 | NS      | $506347.49    | 0.13%             | 2029-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| JDE Peets N.V                                                                        | JDEPNA 1.375 01/15/27 144A                               | CUSIP: 47216QAB9<br>LEI: 724500EHG519SE5ZRT89 | Long             | DBT              | CORP              | NL        |    375000 | NS      | $316522.75    | 0.08%             | 2027-01-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| MF1 2021-FL6 LTD                                                                     | MF1 2021-FL6 A                                           | CUSIP: 55283TAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    700000 | NS      | $664629.84    | 0.17%             | 2036-07-18      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| TUCSON ARIZ                                                                          | AZ TUCCTF 1.46 07/01/2028                                | CUSIP: 898735UM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | NS      | $16280.38     | 0.00%             | 2028-07-01      | Fixed         | 1.46%                 | No            |                  2 | On Loan: No      |
| Dell International L.L.C. and EMC Corporation                                        | DELL 5.85 07/15/25                                       | CUSIP: 24703TAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | NS      | $106116.18    | 0.03%             | 2025-07-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| KeyCorp                                                                              | KEY V4.789 06/01/33 MTN                                  | CUSIP: 49326EEN9<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    995000 | NS      | $939467.90    | 0.25%             | 2033-06-01      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| Steel Dynamics, Inc.                                                                 | STLD 1.65 10/15/27                                       | CUSIP: 858119BN9<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |    250000 | NS      | $209463.04    | 0.05%             | 2027-10-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Cigna Corporation                                                                    | CI 4.125 11/15/25                                        | CUSIP: 125523AG5<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    925000 | NS      | $903755.70    | 0.24%             | 2025-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                                                           | STZ 4.75 05/09/32                                        | CUSIP: 21036PBL1<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |     64000 | NS      | $61581.77     | 0.02%             | 2032-05-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| Toyota Motor Credit Corp.                                                            | TOYOTA 4.55 09/20/27 MTN                                 | CUSIP: 89236TKJ3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    995000 | NS      | $981288.82    | 0.26%             | 2027-09-20      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| AECOM                                                                                | ACM 5.125 03/15/27                                       | CUSIP: 00774CAB3<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |    215000 | NS      | $206937.50    | 0.05%             | 2027-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                       | BNP V1.323 01/13/27 144A                                 | CUSIP: 09659W2N3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    625000 | NS      | $546266.16    | 0.14%             | 2027-01-13      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| Dell International L.L.C. and EMC Corporation                                        | DELL 5.3 10/01/29                                        | CUSIP: 24703TAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | NS      | $146700.30    | 0.04%             | 2029-10-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                        | STACR 2021-DNA5 M2                                       | CUSIP: 35564KHE2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    137886 | NS      | $135991.49    | 0.04%             | 2034-01-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| General Electric Company                                                             | GE 6.75 03/15/32 MTNA                                    | CUSIP: 36962GXZ2<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    250000 | NS      | $276878.66    | 0.07%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| HP Inc                                                                               | HPQ 4 04/15/29                                           | CUSIP: 40434LAK1<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |   1045000 | NS      | $953870.26    | 0.25%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | TII 2.125 02/15/40                                       | CUSIP: 912810QF8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2300000 | NS      | $3354327.54   | 0.88%             | 2040-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                       | BNP 3.375 01/09/25 144A                                  | CUSIP: 09659W2D5<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    975000 | NS      | $938263.35    | 0.25%             | 2025-01-09      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2022-R05                                         | CAS 2022-R05 2M2                                         | CUSIP: 20754DAB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    165000 | NS      | $159720.53    | 0.04%             | 2042-04-25      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST                                                         | FORDR 2021-1 A                                           | CUSIP: 345340AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | NS      | $446513.25    | 0.12%             | 2033-10-15      | Fixed         | 1.37%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.625 09/01/28                                       | CUSIP: 404121AJ4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    200000 | NS      | $198866.46    | 0.05%             | 2028-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Lithia Motors Incorporated                                                           | LAD 4.375 01/15/31 144A                                  | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    220000 | NS      | $178993.17    | 0.05%             | 2031-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| United States Treasury Notes                                                         | TII 0.125 01/15/31                                       | CUSIP: 91282CBF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11400000 | NS      | $11588408.46  | 3.04%             | 2031-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA4626                                                | CUSIP: 31418ED80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7729138 | NS      | $7250240.31   | 1.90%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                                                 | GM 4.3 07/13/25                                          | CUSIP: 37045XAZ9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    450000 | NS      | $435810.35    | 0.11%             | 2025-07-13      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| PORT OAKLAND CALIF                                                                   | CA PTOTRN 1.95 05/01/2028                                | CUSIP: 735000TQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | NS      | $59708.63     | 0.02%             | 2028-05-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| TUCSON ARIZ                                                                          | AZ TUCCTF 1.93 07/01/2031                                | CUSIP: 898735UQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | NS      | $110265.84    | 0.03%             | 2031-07-01      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 4.908 07/23/25                                      | CUSIP: 161175AY0<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   1800000 | NS      | $1764181.76   | 0.46%             | 2025-07-23      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Colgate-Palmolive Company                                                            | CL 3.25 08/15/32                                         | CUSIP: 194162AP8<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | DBT              | CORP              | US        |    500000 | NS      | $451220.61    | 0.12%             | 2032-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Bank of America Corporation                                                          | BAC V4.571 04/27/33                                      | CUSIP: 06051GKQ1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1050000 | NS      | $960437.90    | 0.25%             | 2033-04-27      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                               | FR ZA1903                                                | CUSIP: 31329KDG6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      1274 | NS      | $1252.13      | 0.00%             | 2025-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DCP Midstream Operating, LP                                                          | DCP 5.625 07/15/27                                       | CUSIP: 23311VAJ6<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    210000 | NS      | $208311.92    | 0.05%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | TII 0.125 01/15/30                                       | CUSIP: 912828Z37<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6200000 | NS      | $6451491.37   | 1.69%             | 2030-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2021-8                                                    | VERUS 2021-8 A1                                          | CUSIP: 92538GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100057 | NS      | $84267.43     | 0.02%             | 2066-11-25      | Floating      | 1.82%                 | No            |                  2 | On Loan: No      |
| Abu Dhabi Crude Oil Pipeline LLC                                                     | ADNOUH 3.65 11/02/29 REGS                                | CUSIP: M0R52WAA1<br>LEI: 549300DONDFW2383FV66 | Long             | DBT              | CORP              | AE        |   1240000 | NS      | $1159400.00   | 0.30%             | 2029-11-02      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA4118                                                | CUSIP: 31418DSG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     39883 | NS      | $38642.87     | 0.01%             | 2050-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Indigo Merger Sub Inc                                                                | ICLR 2.875 07/15/26 144A                                 | CUSIP: 45569KAA1<br>LEI: 549300R1HR1VWWHIAK47 | Long             | DBT              | CORP              | US        |    235000 | NS      | $212687.47    | 0.06%             | 2026-07-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| MSCI Inc.                                                                            | MSCI 3.625 09/01/30 144A                                 | CUSIP: 55354GAK6<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |    225000 | NS      | $187031.25    | 0.05%             | 2030-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y                                                         | NY MTATRN 5.99 11/15/2030                                | CUSIP: 59259NZM8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     85000 | NS      | $87925.59     | 0.02%             | 2030-11-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| PORT OAKLAND CALIF                                                                   | CA PTOTRN 2.2 05/01/2031                                 | CUSIP: 735000TT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | NS      | $63197.66     | 0.02%             | 2031-05-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL O HARE INTL ARPT                                                         | IL CHITRN 2.35 01/01/2030                                | CUSIP: 167593T44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | NS      | $200582.54    | 0.05%             | 2030-01-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Fair Isaac Corporation                                                               | FAIRIC 5.25 05/15/26 144A                                | CUSIP: 303250AE4<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    210000 | NS      | $205575.30    | 0.05%             | 2026-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Korea Hydro & Nuclear Power Co Ltd.                                                  | KOHNPW 4.25 07/27/27 144A                                | CUSIP: 50064YAQ6<br>LEI: 9884008CRY5MLCN8OQ43 | Long             | DBT              | CORP              | KR        |    560000 | NS      | $538468.00    | 0.14%             | 2027-07-27      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Bank 2017-Bnk5 206                                                                   | BANK 2017-BNK5 A5                                        | CUSIP: 06541WAX0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1600000 | NS      | $1475922.72   | 0.39%             | 2060-06-17      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH                               | LA LASGOV 4.28 02/01/2036                                | CUSIP: 54627RAN0<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    620000 | NS      | $576471.66    | 0.15%             | 2036-02-01      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Mueller Water Products, Inc.                                                         | MWA 4 06/15/29 144A                                      | CUSIP: 624758AF5<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | DBT              | CORP              | US        |    230000 | NS      | $202112.50    | 0.05%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                                                 | GM 5 04/09/27                                            | CUSIP: 37045XDW3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1000000 | NS      | $968668.60    | 0.25%             | 2027-04-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                                                | LOW 3.75 04/01/32                                        | CUSIP: 548661EH6<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    225000 | NS      | $200146.18    | 0.05%             | 2032-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Aig Clo 2019-2 LLC                                                                   | AIGIM 2019-2A AR                                         | CUSIP: 00142MAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | NS      | $1957014.00   | 0.51%             | 2033-10-25      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| CF Industries, Inc.                                                                  | CF 5.375 03/15/44                                        | CUSIP: 12527GAE3<br>LEI: 5FVKT86LAD2F40NPC183 | Long             | DBT              | CORP              | US        |    185000 | NS      | $166207.55    | 0.04%             | 2044-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                              | MPLX 1.75 03/01/26                                       | CUSIP: 55336VBR0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   1050000 | NS      | $935938.64    | 0.25%             | 2026-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Workday Inc                                                                          | WDAY 3.8 04/01/32                                        | CUSIP: 98138HAJ0<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |    175000 | NS      | $154478.96    | 0.04%             | 2032-04-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: —       |
| Capital One Financial Corporation                                                    | COF F 12/06/24                                           | CUSIP: 14040HCL7<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1050000 | NS      | $1029960.72   | 0.27%             | 2024-12-06      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG New York Branch                                                     | DB V2.129 11/24/26                                       | CUSIP: 251526CE7<br>LEI: N/A                  | Long             | DBT              | CORP              | DE        |    375000 | NS      | $330828.01    | 0.09%             | 2026-11-24      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2021-ESH                                                 | ESA 2021-ESH A                                           | CUSIP: 30227FAA8<br>LEI: 549300IESZBC3BJUJW64 | Long             | ABS-O            | CORP              | US        |   2342861 | NS      | $2275267.91   | 0.60%             | 2038-07-15      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF MUN IMPT CORP                                                      | CA LOSGEN 2.07 11/01/2030                                | CUSIP: 5445872Y3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | NS      | $390588.16    | 0.10%             | 2030-11-01      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 5.3 02/15/30                                         | CUSIP: 91324PEQ1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1100000 | NS      | $1133485.97   | 0.30%             | 2030-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Pilgrims Pride Corporation                                                           | PPC 4.25 04/15/31 144A                                   | CUSIP: 72147KAF5<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    225000 | NS      | $191374.88    | 0.05%             | 2031-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Take-Two Interactive Software Inc.                                                   | TTWO 3.7 04/14/27                                        | CUSIP: 874054AG4<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |    400000 | NS      | $376408.92    | 0.10%             | 2027-04-14      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Aercap Ireland Capital DAC                                                           | AER 3 10/29/28                                           | CUSIP: 00774MAW5<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    675000 | NS      | $565498.32    | 0.15%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners L P                                                         | CQP 4.5 10/01/29                                         | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    220000 | NS      | $197828.72    | 0.05%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                   | META 3.85 08/15/32 WI                                    | CUSIP: 30303M8H8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    835000 | NS      | $734747.30    | 0.19%             | 2032-08-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| GSK Consumer Healthcare Capital US LLC                                               | HLNLN 3.375 03/24/27                                     | CUSIP: 36264FAK7<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |    950000 | NS      | $884408.01    | 0.23%             | 2027-03-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Aercap Ireland Capital DAC                                                           | AER 2.45 10/29/26                                        | CUSIP: 00774MAV7<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |   1175000 | NS      | $1027468.97   | 0.27%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| American International Group, Inc.                                                   | AIG 3.9 04/01/26                                         | CUSIP: 026874DH7<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |    461000 | NS      | $446551.64    | 0.12%             | 2026-04-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 4.2 03/01/33                                        | CUSIP: 031162DJ6<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    450000 | NS      | $416307.64    | 0.11%             | 2033-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                              | BPCEGP V1.652 10/06/26 144A                              | CUSIP: 05583JAH5<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    950000 | NS      | $844251.06    | 0.22%             | 2026-10-06      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Galaxy XXI CLO Ltd                                                                   | GALXY 2015-21A AR                                        | CUSIP: 36320WAL0<br>LEI: 549300BW4412X0TZDD77 | Long             | ABS-CBDO         | CORP              | KY        |   4600000 | NS      | $4522122.00   | 1.19%             | 2031-04-21      | Floating      | 3.73%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                     | NRG 5.25 06/15/29 144A                                   | CUSIP: 629377CH3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    220000 | NS      | $194202.80    | 0.05%             | 2029-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH                                                 | CA CASGEN 1.88 02/01/2031                                | CUSIP: 13080SZS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | NS      | $68369.33     | 0.02%             | 2031-02-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                   | ET 4.2 04/15/27                                          | CUSIP: 29273RBK4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1000000 | NS      | $943708.11    | 0.25%             | 2027-04-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                                                       | INTNED V4.017 03/28/28                                   | CUSIP: 456837BB8<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    450000 | NS      | $420786.06    | 0.11%             | 2028-03-28      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| Lennar Corporation                                                                   | LEN 4.75 11/29/27                                        | CUSIP: 526057CD4<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |    310000 | NS      | $298843.66    | 0.08%             | 2027-11-29      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Voya CLO 2016-1 Limited                                                              | VOYA 2016-1A A1R                                         | CUSIP: 92915CAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6650000 | NS      | $6563556.65   | 1.72%             | 2031-01-21      | Floating      | 3.81%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                                                        | NFLX 4.875 04/15/28                                      | CUSIP: 64110LAS5<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    205000 | NS      | $197945.21    | 0.05%             | 2028-04-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 5.75 11/17/32                                         | CUSIP: 718172CX5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    325000 | NS      | $331313.52    | 0.09%             | 2032-11-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Steris Irish Finco Unlimited Company                                                 | STE 2.7 03/15/31                                         | CUSIP: 85917PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    218000 | NS      | $176687.23    | 0.05%             | 2031-03-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                        | USB V5.85 10/21/33                                       | CUSIP: 91159HJJ0<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    400000 | NS      | $415255.86    | 0.11%             | 2033-10-21      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Indonesia (Republic of)                                                              | INDON 4.35 01/08/27 REGS                                 | CUSIP: Y20721BQ1<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |   1426000 | NS      | $1409195.92   | 0.37%             | 2027-01-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Sabine Pass Liquefaction, LLC                                                        | SPLLLC 5.625 03/01/25                                    | CUSIP: 785592AM8<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    900000 | NS      | $901271.17    | 0.24%             | 2025-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                                                  | ALLY 7.1 11/15/27                                        | CUSIP: 02005NBR0<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    550000 | NS      | $559549.67    | 0.15%             | 2027-11-15      | Fixed         | 7.10%                 | No            |                  2 | On Loan: —       |
| Baxter International, Inc.                                                           | BAX 2.272 12/01/28                                       | CUSIP: 071813CP2<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    500000 | NS      | $426392.58    | 0.11%             | 2028-12-01      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA5529                                                | CUSIP: 36179UEA6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1671888 | NS      | $1641400.15   | 0.43%             | 2048-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts, L.P.                                                          | HST 2.9 12/15/31 J                                       | CUSIP: 44107TBA3<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |    400000 | NS      | $305985.64    | 0.08%             | 2031-12-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Nucor Corporation                                                                    | NUE 3.95 05/23/25                                        | CUSIP: 670346AX3<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |    175000 | NS      | $171215.08    | 0.04%             | 2025-05-23      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Aercap Ireland Capital DAC                                                           | AER 3.3 01/30/32                                         | CUSIP: 00774MAX3<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    250000 | NS      | $195440.19    | 0.05%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Agree LP                                                                             | ADC 4.8 10/01/32                                         | CUSIP: 008513AD5<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              | CORP              | US        |    665000 | NS      | $615211.56    | 0.16%             | 2032-10-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO 2012-1 Ltd.                                                    | ANCHC 2014-4RA A                                         | CUSIP: 03328LAA0<br>LEI: 549300MP4QPQUMB6AD63 | Long             | ABS-CBDO         | CORP              | KY        |   4897592 | NS      | $4837459.48   | 1.27%             | 2031-01-28      | Floating      | 3.84%                 | No            |                  2 | On Loan: No      |
| BAY AREA TOLL AUTH CALIF                                                             | CA BAYTRN 1.63 04/01/2028                                | CUSIP: 072024XE7<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    180000 | NS      | $153922.21    | 0.04%             | 2028-04-01      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Company                                                         | BMY 2.95 03/15/32                                        | CUSIP: 110122DU9<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    275000 | NS      | $239241.94    | 0.06%             | 2032-03-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Centene Corporation                                                                  | CNC 2.5 03/01/31                                         | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    235000 | NS      | $183881.18    | 0.05%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                                                    | CCI 3.65 09/01/27                                        | CUSIP: 22822VAH4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    950000 | NS      | $882395.47    | 0.23%             | 2027-09-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 3.137 11/15/35 144A                                 | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1563000 | NS      | $1149221.22   | 0.30%             | 2035-11-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                      | CVS 1.875 02/28/31                                       | CUSIP: 126650DQ0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    225000 | NS      | $176490.77    | 0.05%             | 2031-02-28      | Fixed         | 1.88%                 | No            |                  2 | On Loan: —       |
| Dell International L.L.C. and EMC Corporation                                        | DELL 6.02 06/15/26                                       | CUSIP: 24703TAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    875000 | NS      | $892636.37    | 0.23%             | 2026-06-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                  | FITB V4.772 07/28/30                                     | CUSIP: 316773DG2<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    825000 | NS      | $786823.38    | 0.21%             | 2030-07-28      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                                                           | STZ 4.75 12/01/25                                        | CUSIP: 21036PAP3<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    800000 | NS      | $797138.23    | 0.21%             | 2025-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ELP COMMERCIAL MORTGAGE TRUST 2021-ELP                                               | ELP 2021-ELP A                                           | CUSIP: 26863LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1300000 | NS      | $1247812.54   | 0.33%             | 2038-11-15      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                   | META 3.5 08/15/27 WI                                     | CUSIP: 30303M8G0<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   1025000 | NS      | $955300.12    | 0.25%             | 2027-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                               | FR ZN5784                                                | CUSIP: 3131YCM94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    442256 | NS      | $431968.10    | 0.11%             | 2049-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Securities Trust 2013-C13                        | JPMCC 2013-C13 A4                                        | CUSIP: 46640JAR8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1048385 | NS      | $1039474.40   | 0.27%             | 2046-01-18      | Floating      | 3.99%                 | No            |                  2 | On Loan: No      |
| LCCM TRUST                                                                           | LCCM 2021-FL2 A                                          | CUSIP: 50202KAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    650000 | NS      | $634480.80    | 0.17%             | 2038-12-15      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                     | FN CA2057                                                | CUSIP: 3140Q9JB0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1291034 | NS      | $1265907.88   | 0.33%             | 2048-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA5653                                                | CUSIP: 36179UH62<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1204523 | NS      | $1205718.89   | 0.32%             | 2048-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MPT Operating Partnership LP / MPT Finance Corporation                               | MPW 3.5 03/15/31                                         | CUSIP: 55342UAM6<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |    230000 | NS      | $157661.23    | 0.04%             | 2031-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| Marriott International, Inc.                                                         | MAR 5 10/15/27                                           | CUSIP: 571903BJ1<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    500000 | NS      | $493365.34    | 0.13%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT WOLF TRUST                                                                     | GWT 2019-WOLF A                                          | CUSIP: 39152TAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4300000 | NS      | $4175534.35   | 1.09%             | 2036-12-15      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Johnson Controls International PLC / Tyco Fire & Security Finance S.C.A.             | JCI 4.9 12/01/32                                         | CUSIP: 47837RAE0<br>LEI: 549300XQ6S1GYKGBL205 | Long             | DBT              | CORP              | IE        |    150000 | NS      | $147441.29    | 0.04%             | 2032-12-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                    | LPLA 4 03/15/29 144A                                     | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    235000 | NS      | $204473.50    | 0.05%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA                                                                       | LA NEWWTR 1.46 12/01/2028                                | CUSIP: 647753MD1<br>LEI: 54930084B6KHR5PR2651 | Long             | DBT              | MUN               | US        |     30000 | NS      | $24216.01     | 0.01%             | 2028-12-01      | Fixed         | 1.46%                 | No            |                  2 | On Loan: No      |
| NXP B V / NXP Funding LLC & NXP USA Inc                                              | NXPI 2.65 02/15/32                                       | CUSIP: 62954HAJ7<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | NL        |    550000 | NS      | $430453.80    | 0.11%             | 2032-02-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Nature Conservancy                                                                   | NACONV 1.304 07/01/28 A                                  | CUSIP: 63902HAL3<br>LEI: 549300GJ1IZME7V1JJ28 | Long             | DBT              | CORP              | US        |     25000 | NS      | $20916.92     | 0.01%             | 2028-07-01      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| SAN JOSE CALIF FING AUTH                                                             | CA SJSGEN 1.86 06/01/2030                                | CUSIP: 798153NK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | NS      | $27732.96     | 0.01%             | 2030-06-01      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | TII 0.875 01/15/29                                       | CUSIP: 9128285W6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  38400000 | NS      | $43169586.40  | 11.32%            | 2029-01-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Qatar Energy                                                                         | QPETRO 2.25 07/12/31 144A                                | CUSIP: 74730DAC7<br>LEI: 254900QTESJKJ3P87J26 | Long             | DBT              | CORP              | QA        |    760000 | NS      | $628871.12    | 0.16%             | 2031-07-12      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 3.75 04/15/27                                       | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1875000 | NS      | $1766046.95   | 0.46%             | 2027-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| African Export-Import Bank                                                           | AFREXI 3.798 05/17/31 144A                               | CUSIP: 00831TAC5<br>LEI: 21380068LJCDYA42GJ76 | Long             | DBT              | NUSS              | XX        |    200000 | NS      | $165360.00    | 0.04%             | 2031-05-17      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO 2012-1 Ltd.                                                    | ANCHC 2014-3RA A                                         | CUSIP: 03330AAA0<br>LEI: 549300V7DN3VJ8H1GE96 | Long             | ABS-CBDO         | CORP              | KY        |   3604553 | NS      | $3560256.80   | 0.93%             | 2031-01-28      | Floating      | 3.84%                 | No            |                  2 | On Loan: No      |
| Bank of America Corporation                                                          | BAC 4.183 11/25/27 L                                     | CUSIP: 06051GGC7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    925000 | NS      | $877363.07    | 0.23%             | 2027-11-25      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| Becton, Dickinson and Company                                                        | BDX 3.7 06/06/27                                         | CUSIP: 075887BW8<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    925000 | NS      | $873963.85    | 0.23%             | 2027-06-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 2.45 02/15/31 144A                                  | CUSIP: 11135FBH3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    975000 | NS      | $767928.33    | 0.20%             | 2031-02-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CATHEDRAL LAKE VII LTD                                                               | CATLK 2021-7RA D                                         | CUSIP: 14919HAJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    350000 | NS      | $308335.30    | 0.08%             | 2032-01-15      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| CATHEDRAL LAKE VI LTD                                                                | CATLK 2021-6A AN                                         | CUSIP: 14919LAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3400000 | NS      | $3293263.80   | 0.86%             | 2034-04-25      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| Dell International L.L.C. and EMC Corporation                                        | DELL 6.2 07/15/30                                        | CUSIP: 24703TAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | NS      | $25415.57     | 0.01%             | 2030-07-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                     | FN FM3619                                                | CUSIP: 3140X7AV1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     63710 | NS      | $61755.03     | 0.02%             | 2050-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc.                                                                | FCX 4.625 08/01/30                                       | CUSIP: 35671DCH6<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    215000 | NS      | $200249.82    | 0.05%             | 2030-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc                                                                       | HD 4.5 09/15/32                                          | CUSIP: 437076CS9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    725000 | NS      | $707890.62    | 0.19%             | 2032-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| Jbs Usa Lux SA/Jbs Usa Food Company/Jbs Usa Finance Inc                              | JBSSBZ 3.75 12/01/31 144A                                | CUSIP: 46590XAC0<br>LEI: P77IMDGVZE8EFBTF2M92 | Long             | DBT              | CORP              | LU        |    230000 | NS      | $187887.17    | 0.05%             | 2031-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST DEPT TRANSN                                                              | MD MDSTRN 1.3 08/01/2028                                 | CUSIP: 57421FAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | NS      | $4038.27      | 0.00%             | 2028-08-01      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 5.625 11/17/29                                        | CUSIP: 718172CW7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    225000 | NS      | $228257.64    | 0.06%             | 2029-11-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Rr 3 Ltd                                                                             | RRAM 2018-3A A1R2                                        | CUSIP: 74988LAA2<br>LEI: 549300YH0VOGWM5JZF65 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | NS      | $4933330.00   | 1.29%             | 2030-01-15      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| SREIT 2021-FLWR                                                                      | SREIT 2021-FLWR A                                        | CUSIP: 78485GAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2350000 | NS      | $2255670.30   | 0.59%             | 2036-07-15      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 3.375 04/15/29                                      | CUSIP: 87264ABV6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    230000 | NS      | $202576.99    | 0.05%             | 2029-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Targa Resources Co                                                                   | TRGP 4.2 02/01/33                                        | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    270000 | NS      | $232298.12    | 0.06%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Vibrant Clo Viii Ltd                                                                 | VIBR 2018-8A A1A                                         | CUSIP: 92558FAA7<br>LEI: 5493007UH0SOAZ6NCZ28 | Long             | ABS-CBDO         | CORP              | KY        |   6650000 | NS      | $6525804.60   | 1.71%             | 2031-01-21      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Company                                                                | WFC 4.1 06/03/26 MTN                                     | CUSIP: 94974BFY1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1875000 | NS      | $1815472.05   | 0.48%             | 2026-06-03      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                             | T 2.3 06/01/27                                           | CUSIP: 00206RJX1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1922000 | NS      | $1709405.37   | 0.45%             | 2027-06-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2021-CIP                                                | BX 2021-CIP A                                            | CUSIP: 12434FAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | NS      | $868401.54    | 0.23%             | 2038-12-15      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| CSL Finance PLC                                                                      | CSLAU 3.85 04/27/27 144A                                 | CUSIP: 12661PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    125000 | NS      | $119578.51    | 0.03%             | 2027-04-27      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding XXX Ltd                                                         | MDPK 2018-30A A                                          | CUSIP: 55821TAA5<br>LEI: 549300FFTJ3WPTJK8589 | Long             | ABS-CBDO         | CORP              | KY        |   2966608 | NS      | $2928348.03   | 0.77%             | 2029-04-16      | Floating      | 3.26%                 | No            |                  2 | On Loan: No      |
| Perusahaan Penerbit SBSN Indonesia III                                               | INDOIS 4.55 03/29/26 REGS                                | CUSIP: 71567RAF3<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    890000 | NS      | $887952.23    | 0.23%             | 2026-03-29      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| S&P Global Inc                                                                       | SPGI 4.25 05/01/29 144A                                  | CUSIP: 78409VAZ7<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    900000 | NS      | $859046.29    | 0.23%             | 2029-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 3.25 04/16/30                                        | CUSIP: 91087BAH3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    740000 | NS      | $644650.09    | 0.17%             | 2030-04-16      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| UnitedHealth Group Inc.                                                              | UNH 5.35 02/15/33                                        | CUSIP: 91324PER9<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1600000 | NS      | $1650700.50   | 0.43%             | 2033-02-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| AutoNation, Inc.                                                                     | AN 1.95 08/01/28                                         | CUSIP: 05329WAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | NS      | $99681.92     | 0.03%             | 2028-08-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| BX TRUST                                                                             | BX 2021-ARIA C                                           | CUSIP: 05608RAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    650000 | NS      | $605579.45    | 0.16%             | 2036-10-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Banco Santander, S.A.                                                                | SANTAN 2.749 12/03/30                                    | CUSIP: 05971KAG4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    200000 | NS      | $153180.21    | 0.04%             | 2030-12-03      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK39                                                                      | BANK 2022-BNK39 A4                                       | CUSIP: 06539VAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1400000 | NS      | $1181327.56   | 0.31%             | 2055-02-18      | Floating      | 2.93%                 | No            |                  2 | On Loan: No      |
| Educational Funding of The South Inc.                                                | EFOTS 2011-1 A2                                          | CUSIP: 28148WAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    449298 | NS      | $447043.71    | 0.12%             | 2035-04-25      | Floating      | 3.43%                 | No            |                  2 | On Loan: No      |
| FactSet Research Systems Inc.                                                        | FDS 2.9 03/01/27                                         | CUSIP: 303075AA3<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | DBT              | CORP              | US        |    425000 | NS      | $385799.67    | 0.10%             | 2027-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                     | FN CA4372                                                | CUSIP: 3140QB2E7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    778162 | NS      | $759369.75    | 0.20%             | 2049-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fiserv Inc.                                                                          | FISV 3.2 07/01/26                                        | CUSIP: 337738AT5<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   1700000 | NS      | $1590960.66   | 0.42%             | 2026-07-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| GE Healthcare Holding LLC                                                            | GEHC 5.857 03/15/30 144A                                 | CUSIP: 36267VAG8<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    620000 | NS      | $634484.27    | 0.17%             | 2030-03-15      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V4.586 04/26/33                                      | CUSIP: 46647PDC7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    860000 | NS      | $796156.29    | 0.21%             | 2033-04-26      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Air Lease Corporation                                                                | AL 2.875 01/15/26 MTN                                    | CUSIP: 00914AAJ1<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    375000 | NS      | $346970.83    | 0.09%             | 2026-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                                | FN MA3945                                                | CUSIP: 31418DL34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    192483 | NS      | $187593.66    | 0.05%             | 2050-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mattel, Inc.                                                                         | MAT 5.875 12/15/27 144A                                  | CUSIP: 577081BD3<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |    215000 | NS      | $210893.50    | 0.06%             | 2027-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc.                                                                   | NWL 4.875 06/01/25                                       | CUSIP: 651229BB1<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    215000 | NS      | $209087.50    | 0.05%             | 2025-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 3.2 11/21/29                                        | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1075000 | NS      | $969084.55    | 0.25%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                      | CVS 3.875 07/20/25                                       | CUSIP: 126650CL2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    925000 | NS      | $902639.93    | 0.24%             | 2025-07-20      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                        | STACR 2022-DNA1 M1A                                      | CUSIP: 35564KPU7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    443427 | NS      | $432827.28    | 0.11%             | 2042-01-27      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| Indonesia (Republic of)                                                              | INDON 3.5 01/11/28                                       | CUSIP: 455780CD6<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    630000 | NS      | $597964.00    | 0.16%             | 2028-01-11      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Phillips 66                                                                          | PSX 1.3 02/15/26                                         | CUSIP: 718546AZ7<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |    150000 | NS      | $134379.02    | 0.04%             | 2026-02-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Targa Resources Partners LP/Targa Resources Finance Corp.                            | TRGP 6.875 01/15/29                                      | CUSIP: 87612BBN1<br>LEI: 6OQWTZ1SPC04IFT4T704 | Long             | DBT              | CORP              | US        |    210000 | NS      | $211671.17    | 0.06%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2021-R03                                         | CAS 2021-R03 1M2                                         | CUSIP: 20754AAB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    206000 | NS      | $194296.87    | 0.05%             | 2041-12-26      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Dryden 57 Clo Ltd                                                                    | DRSLF 2018-57A A                                         | CUSIP: 26243KAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4250000 | NS      | $4176211.50   | 1.10%             | 2031-05-15      | Floating      | 3.92%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | TII 0.125 01/15/32                                       | CUSIP: 91282CDX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15130000 | NS      | $14244919.77  | 3.74%             | 2032-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Vici Properties Inc                                                                  | VICI 3.5 02/15/25 144A                                   | CUSIP: 92564RAC9<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    230000 | NS      | $216850.90    | 0.06%             | 2025-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KKR INDUSTRIAL PORTFOLIO TRUST 2021-KDIP                                             | KIND 2021-KDIP A                                         | CUSIP: 48254CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    184624 | NS      | $178366.72    | 0.05%             | 2037-12-15      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF MUN IMPT CORP                                                      | CA LOSGEN 1.65 11/01/2028                                | CUSIP: 5445872W7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | NS      | $132199.44    | 0.03%             | 2028-11-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Waste Management, Inc.                                                               | WM 1.15 03/15/28                                         | CUSIP: 94106LBN8<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    200000 | NS      | $167052.11    | 0.04%             | 2028-03-15      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| Prosus NV                                                                            | PRXNA 3.68 01/21/30 REGS                                 | CUSIP: N7163RAA1<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |    590000 | NS      | $490553.46    | 0.13%             | 2030-01-21      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| Expedia Group Inc                                                                    | EXPE 2.95 03/15/31                                       | CUSIP: 30212PBH7<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | DBT              | CORP              | US        |     68000 | NS      | $54680.93     | 0.01%             | 2031-03-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                                | FN MA3747                                                | CUSIP: 31418DEV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14165 | NS      | $13835.88     | 0.00%             | 2049-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                | ROMANI 3 02/14/31 REGS                                   | CUSIP: X7360WBP6<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   1666000 | NS      | $1309042.84   | 0.34%             | 2031-02-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GE Healthcare Holding LLC                                                            | GEHC 5.65 11/15/27 144A                                  | CUSIP: 36267VAE3<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    820000 | NS      | $829594.40    | 0.22%             | 2027-11-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Company                                                            | KHC 6.5 02/09/40                                         | CUSIP: 50076QAN6<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    170000 | NS      | $179748.81    | 0.05%             | 2040-02-09      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Paypal Holdings Incorporation                                                        | PYPL 3.9 06/01/27                                        | CUSIP: 70450YAK9<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |    450000 | NS      | $433009.42    | 0.11%             | 2027-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: —       |
| Prologis, L.P.                                                                       | PLD 4.625 01/15/33                                       | CUSIP: 74340XBT7<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |    550000 | NS      | $532436.92    | 0.14%             | 2033-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd.                                                             | RILIN 2.875 01/12/32 144A                                | CUSIP: 759470BB2<br>LEI: 5493003UOETFYRONLG31 | Long             | DBT              | CORP              | IN        |    930000 | NS      | $753983.35    | 0.20%             | 2032-01-12      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | TII 0.125 07/15/31                                       | CUSIP: 91282CCM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26000000 | NS      | $25539823.64  | 6.70%             | 2031-07-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Mexico City Airport Trust                                                            | MEXCAT 3.875 04/30/28 REGS                               | CUSIP: P6629MAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   1190000 | NS      | $1083495.00   | 0.28%             | 2028-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2022-R05                                         | CAS 2022-R05 2M1                                         | CUSIP: 20754DAA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    194639 | NS      | $192793.66    | 0.05%             | 2042-04-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                                                           | STZ 2.25 08/01/31                                        | CUSIP: 21036PBH0<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |     75000 | NS      | $59579.60     | 0.02%             | 2031-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Emory University                                                                     | EMORYU 2.143 09/01/30 2020                               | CUSIP: 29157TAD8<br>LEI: 95MD72NUUVZ3P8PQ6919 | Long             | DBT              | CORP              | US        |    755000 | NS      | $624730.10    | 0.16%             | 2030-09-01      | Fixed         | 2.14%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V2.943 01/21/33                                       | CUSIP: 61747YEL5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    438000 | NS      | $354332.50    | 0.09%             | 2033-01-21      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| Nucor Corporation                                                                    | NUE 4.3 05/23/27                                         | CUSIP: 670346AY1<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |    650000 | NS      | $634090.07    | 0.17%             | 2027-05-23      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                                    | NWG V4.269 03/22/25                                      | CUSIP: 780097BK6<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    975000 | NS      | $953431.85    | 0.25%             | 2025-03-22      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| Atkore Inc                                                                           | ATKR 4.25 06/01/31 144A                                  | CUSIP: 047649AA6<br>LEI: 52990002TI38AM4RPV48 | Long             | DBT              | CORP              | US        |    235000 | NS      | $201512.50    | 0.05%             | 2031-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BXHPP LTD                                                                            | BXHPP 2021-FILM A                                        | CUSIP: 05609JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2750000 | NS      | $2571855.55   | 0.67%             | 2036-08-15      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corporation                                              | BK V4.596 07/26/30                                       | CUSIP: 06406RBK2<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     75000 | NS      | $72397.68     | 0.02%             | 2030-07-26      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                   | ET 5.5 06/01/27 *                                        | CUSIP: 29278NAN3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    325000 | NS      | $322692.20    | 0.08%             | 2027-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX                                                                          | TX HOUAPT 2.23 07/01/2029                                | CUSIP: 442349ER3<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |     65000 | NS      | $54657.71     | 0.01%             | 2029-07-01      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| Prosus NV                                                                            | PRXNA 3.257 01/19/27 144A                                | CUSIP: 74365PAG3<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |    380000 | NS      | $339703.60    | 0.09%             | 2027-01-19      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| Stanford Health Care                                                                 | STNFHC 3.31 08/15/30 2020                                | CUSIP: 85434VAB4<br>LEI: 5493005311WCPXQGDG42 | Long             | DBT              | CORP              | US        |    180000 | NS      | $160846.58    | 0.04%             | 2030-08-15      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| Adventist Health Systems (West)                                                      | ADVENT 2.952 03/01/29                                    | CUSIP: 007944AF8<br>LEI: 5493008YM33UCY5QPW83 | Long             | DBT              | CORP              | US        |    110000 | NS      | $94171.49     | 0.02%             | 2029-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Berry Global Inc                                                                     | BERY 1.57 01/15/26                                       | CUSIP: 08576PAH4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    300000 | NS      | $267244.72    | 0.07%             | 2026-01-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.15 04/15/32 144A                                  | CUSIP: 11135FBT7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    575000 | NS      | $504768.47    | 0.13%             | 2032-04-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                               | FR ZA5759                                                | CUSIP: 31329PMG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    596072 | NS      | $583177.52    | 0.15%             | 2048-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BN4334                                                | CUSIP: 3140JLY81<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    312993 | NS      | $305463.30    | 0.08%             | 2049-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                                                 | GM 1.25 01/08/26                                         | CUSIP: 37045XDD5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    825000 | NS      | $726477.33    | 0.19%             | 2026-01-08      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST 2021-LTV2                                                 | JPMMT 2021-LTV2 A1                                       | CUSIP: 46654VAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    846184 | NS      | $677704.74    | 0.18%             | 2052-05-25      | Floating      | 2.52%                 | No            |                  2 | On Loan: No      |
| Lundin Energy Finance B.V.                                                           | AKERBP 2 07/15/26 144A                                   | CUSIP: 55037AAA6<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NL        |    525000 | NS      | $463738.17    | 0.12%             | 2026-07-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Magallanes Inc.                                                                      | WBD 4.054 03/15/29 144A                                  | CUSIP: 55903VAJ2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1300000 | NS      | $1124658.69   | 0.29%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Masonite International Corporation                                                   | DOOR 3.5 02/15/30 144A                                   | CUSIP: 575385AE9<br>LEI: 549300H0H07ZFT4JYM32 | Long             | DBT              | CORP              | CA        |    235000 | NS      | $190097.64    | 0.05%             | 2030-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V2.484 09/16/36                                       | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    725000 | NS      | $525720.15    | 0.14%             | 2036-09-16      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Oracle Corporation                                                                   | ORCL 2.95 04/01/30                                       | CUSIP: 68389XBV6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    104000 | NS      | $88670.64     | 0.02%             | 2030-04-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Sutter Health                                                                        | SUTHEA 2.294 08/15/30 20A                                | CUSIP: 86944BAG8<br>LEI: 549300MJCC12LU768G81 | Long             | DBT              | CORP              | US        |    130000 | NS      | $105134.82    | 0.03%             | 2030-08-15      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 2.659 05/24/31                                       | CUSIP: 91087BAM2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    530000 | NS      | $427460.22    | 0.11%             | 2031-05-24      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | TII 0.125 07/15/30                                       | CUSIP: 912828ZZ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9400000 | NS      | $9781028.33   | 2.56%             | 2030-07-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-17

**Name of Applicant:** GREAT-WEST FUNDS INC

**Signature:** /s/Kelly New

**Name of Signer:** Kelly New

**Title:** Treasurer, Great-West Funds, Inc.