# EDGAR Filing Document

**Accession Number:** 0000736913
**File Stem:** 0001410368-25-026368
**Filing Date:** 2025-11
**Character Count:** 150436
**Document Hash:** 14b26740e0a5683a4e1291d23452701b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-026368.hdr.sgml**: 20251119

**ACCESSION NUMBER**: 0001410368-25-026368

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251119

**DATE AS OF CHANGE**: 20251119

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST
- **CENTRAL INDEX KEY:** 0000736913

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04255
- **FILM NUMBER:** 251497132

**BUSINESS ADDRESS:**
- **STREET 1:** 1290 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10104
- **BUSINESS PHONE:** (212)476-8800

**MAIL ADDRESS:**
- **STREET 1:** 1290 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEUBERGER & BERMAN ADVISERS MANAGEMENT TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ADVISERS MANAGEMENT TRUST
- **DATE OF NAME CHANGE:** 19900502

## Series and Classes Contracts Data

### Mid Cap Intrinsic Value Portfolio (Series ID: S000008201)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022326 | Class I      |  |
| C000022327 | Class S      |  |

## Nport-Ex

Schedule of Investments Mid Cap Growth Portfolio^ (Unaudited)

September 30, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Common Stocks 99.3%** | **Common Stocks 99.3%** | **Common Stocks 99.3%** |
| **Aerospace & Defense 8.0%** | **Aerospace & Defense 8.0%** | **Aerospace & Defense 8.0%** |
| 18855 | Axon Enterprise, Inc. | &nbsp;&nbsp; $13531102<br> <sup>\*</sup><br>|
| 8500 | Curtiss-Wright Corp. | &nbsp;&nbsp; 4614990 |
| 25089 | HEICO Corp. | &nbsp;&nbsp; 8099231 |
| 80669 | Howmet Aerospace, Inc. | &nbsp;&nbsp; 15829678 |
| 80688 | Rocket Lab Corp.<sup>(a)</sup> | &nbsp;&nbsp; 3865762<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **45940763** |
| **Banks 0.5%** | **Banks 0.5%** | **Banks 0.5%** |
| 183294 | NU Holdings Ltd. Class A | &nbsp;&nbsp; **2934537**<br> <sup>\*</sup><br>|
| **Biotechnology 3.9%** | **Biotechnology 3.9%** | **Biotechnology 3.9%** |
| 26521 | Alnylam Pharmaceuticals, Inc. | &nbsp;&nbsp; 12093576<br> <sup>\*</sup><br>|
| 30825 | Insmed, Inc. | &nbsp;&nbsp; 4439108<br> <sup>\*</sup><br>|
| 37611 | Natera, Inc. | &nbsp;&nbsp; 6054243<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **22586927** |
| **Broadline Retail 1.9%** | **Broadline Retail 1.9%** | **Broadline Retail 1.9%** |
| 330384 | Coupang, Inc. | &nbsp;&nbsp; **10638365**<br> <sup>\*</sup><br>|
| **Building Products 0.7%** | **Building Products 0.7%** | **Building Products 0.7%** |
| 31600 | Builders FirstSource, Inc. | &nbsp;&nbsp; **3831500**<br> <sup>\*</sup><br>|
| **Capital Markets 7.3%** | **Capital Markets 7.3%** | **Capital Markets 7.3%** |
| 79909 | &nbsp;&nbsp; Ares Management Corp. <br> Class A<br>| &nbsp;&nbsp; 12776650 |
| 12391 | Evercore, Inc. Class A | &nbsp;&nbsp; 4179732 |
| 113056 | Robinhood Markets, Inc. Class A | &nbsp;&nbsp; 16187358<br> <sup>\*</sup><br>|
| 153052 | TPG, Inc. | &nbsp;&nbsp; 8792837 |
|  |  | &nbsp;&nbsp; **41936577** |
| **Commercial Services & Supplies 1.1%** | **Commercial Services & Supplies 1.1%** | **Commercial Services & Supplies 1.1%** |
| 60360 | Veralto Corp. | &nbsp;&nbsp; **6434979** |
| **Construction & Engineering 4.0%** | **Construction & Engineering 4.0%** | **Construction & Engineering 4.0%** |
| 13183 | Comfort Systems USA, Inc. | &nbsp;&nbsp; 10878348 |
| 29831 | Quanta Services, Inc. | &nbsp;&nbsp; 12362563 |
|  |  | &nbsp;&nbsp; **23240911** |
| **Consumer Staples Distribution & Retail 1.4%** | **Consumer Staples Distribution & Retail 1.4%** | **Consumer Staples Distribution & Retail 1.4%** |
| 5964 | Casey's General Stores, Inc. | &nbsp;&nbsp; 3371568 |
| 60725 | U.S. Foods Holding Corp. | &nbsp;&nbsp; 4652750<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **8024318** |
| **Diversified Consumer Services 0.6%** | **Diversified Consumer Services 0.6%** | **Diversified Consumer Services 0.6%** |
| 16041 | Grand Canyon Education, Inc. | &nbsp;&nbsp; **3521320**<br> <sup>\*</sup><br>|
| **Electrical Equipment 2.3%** | **Electrical Equipment 2.3%** | **Electrical Equipment 2.3%** |
| 89558 | Vertiv Holdings Co. Class A | &nbsp;&nbsp; **13510720** |
| **Electronic Equipment, Instruments & Components 2.2%** | **Electronic Equipment, Instruments & Components 2.2%** | **Electronic Equipment, Instruments & Components 2.2%** |
| 73044 | Coherent Corp. | &nbsp;&nbsp; 7868300<br> <sup>\*</sup><br>|

---

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Electronic Equipment, Instruments & Components –** <br> **cont'd** | **Electronic Equipment, Instruments & Components –** <br> **cont'd** | **Electronic Equipment, Instruments & Components –** <br> **cont'd** |
| 55512 | Corning, Inc. | &nbsp;&nbsp; $4553649 |
|  |  | &nbsp;&nbsp; **12421949** |
| **Entertainment 6.0%** | **Entertainment 6.0%** | **Entertainment 6.0%** |
| 165217 | ROBLOX Corp. Class A | &nbsp;&nbsp; 22885859<br> <sup>\*</sup><br>|
| 17044 | Spotify Technology SA | &nbsp;&nbsp; 11896712<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **34782571** |
| **Financial Services 3.1%** | **Financial Services 3.1%** | **Financial Services 3.1%** |
| 85860 | Affirm Holdings, Inc. | &nbsp;&nbsp; 6274649<br> <sup>\*</sup><br>|
| 310520 | Toast, Inc. Class A | &nbsp;&nbsp; 11337085<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **17611734** |
| **Health Care Equipment & Supplies 1.4%** | **Health Care Equipment & Supplies 1.4%** | **Health Care Equipment & Supplies 1.4%** |
| 122513 | Dexcom, Inc. | &nbsp;&nbsp; **8243900**<br> <sup>\*</sup><br>|
| **Health Care Providers & Services 3.4%** | **Health Care Providers & Services 3.4%** | **Health Care Providers & Services 3.4%** |
| 44588 | Cencora, Inc. | &nbsp;&nbsp; 13935088 |
| 27288 | Encompass Health Corp. | &nbsp;&nbsp; 3466122 |
| 26963 | RadNet, Inc. | &nbsp;&nbsp; 2054850<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **19456060** |
| **Health Care Technology 2.5%** | **Health Care Technology 2.5%** | **Health Care Technology 2.5%** |
| 32273 | Veeva Systems, Inc. Class A | &nbsp;&nbsp; 9614450<br> <sup>\*</sup><br>|
| 129446 | Waystar Holding Corp. | &nbsp;&nbsp; 4908592<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **14523042** |
| **Hotels, Restaurants & Leisure 11.3%** | **Hotels, Restaurants & Leisure 11.3%** | **Hotels, Restaurants & Leisure 11.3%** |
| 25684 | DoorDash, Inc. Class A | &nbsp;&nbsp; 6985791<br> <sup>\*</sup><br>|
| 208177 | DraftKings, Inc. Class A | &nbsp;&nbsp; 7785820<br> <sup>\*</sup><br>|
| 43576 | Flutter Entertainment PLC | &nbsp;&nbsp; 11068304<br> <sup>\*</sup><br>|
| 57494 | Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp; 14916243 |
| 59387 | Royal Caribbean Cruises Ltd. | &nbsp;&nbsp; 19216446 |
| 20591 | Wingstop, Inc. | &nbsp;&nbsp; 5182343 |
|  |  | &nbsp;&nbsp; **65154947** |
| **Household Durables 1.0%** | **Household Durables 1.0%** | **Household Durables 1.0%** |
| 15005 | TopBuild Corp. | &nbsp;&nbsp; **5864854**<br> <sup>\*</sup><br>|
| **Independent Power and Renewable Electricity** <br> **Producers 2.6%** | **Independent Power and Renewable Electricity** <br> **Producers 2.6%** | **Independent Power and Renewable Electricity** <br> **Producers 2.6%** |
| 75300 | Vistra Corp. | &nbsp;&nbsp; **14752776** |
| **Interactive Media & Services 1.7%** | **Interactive Media & Services 1.7%** | **Interactive Media & Services 1.7%** |
| 43014 | Reddit, Inc. Class A | &nbsp;&nbsp; **9892790**<br> <sup>\*</sup><br>|
| **IT Services 3.4%** | **IT Services 3.4%** | **IT Services 3.4%** |
| 90190 | Cloudflare, Inc. Class A | &nbsp;&nbsp; **19353872**<br> <sup>\*</sup><br>|
| **Life Sciences Tools & Services 2.1%** | **Life Sciences Tools & Services 2.1%** | **Life Sciences Tools & Services 2.1%** |
| 109100 | Stevanato Group SpA<sup>(a)</sup> | &nbsp;&nbsp; 2809325 |
| 14223 | Waters Corp. | &nbsp;&nbsp; 4264198<br> <sup>\*</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Mid Cap Growth Portfolio^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Life Sciences Tools & Services – cont'd** | **Life Sciences Tools & Services – cont'd** | **Life Sciences Tools & Services – cont'd** |
| 18603 | &nbsp;&nbsp; West Pharmaceutical Services, <br> Inc.<br>| &nbsp;&nbsp; $4880125 |
|  |  | &nbsp;&nbsp; **11953648** |
| **Professional Services 1.2%** | **Professional Services 1.2%** | **Professional Services 1.2%** |
| 28400 | &nbsp;&nbsp; Broadridge Financial Solutions, <br> Inc.<br>| &nbsp;&nbsp; **6764028** |
| **Semiconductors & Semiconductor Equipment 3.9%** | **Semiconductors & Semiconductor Equipment 3.9%** | **Semiconductors & Semiconductor Equipment 3.9%** |
| 41697 | Astera Labs, Inc. | &nbsp;&nbsp; 8164273<br> <sup>\*</sup><br>|
| 15191 | Monolithic Power Systems, Inc. | &nbsp;&nbsp; 13985442 |
|  |  | &nbsp;&nbsp; **22149715** |
| **Software 11.6%** | **Software 11.6%** | **Software 11.6%** |
| 10612 | AppLovin Corp. Class A | &nbsp;&nbsp; 7625146<br> <sup>\*</sup><br>|
| 107962 | Datadog, Inc. Class A | &nbsp;&nbsp; 15373789<br> <sup>\*</sup><br>|
| 33644 | Guidewire Software, Inc. | &nbsp;&nbsp; 7733410<br> <sup>\*</sup><br>|
| 107331 | Nutanix, Inc. Class A | &nbsp;&nbsp; 7984353<br> <sup>\*</sup><br>|
| 83858 | Rubrik, Inc. Class A | &nbsp;&nbsp; 6897320<br> <sup>\*</sup><br>|
| 53655 | ServiceTitan, Inc. Class A | &nbsp;&nbsp; 5410034<br> <sup>\*</sup><br>|
| 52333 | Zscaler, Inc. | &nbsp;&nbsp; 15682107<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **66706159** |
| **Specialty Retail 5.2%** | **Specialty Retail 5.2%** | **Specialty Retail 5.2%** |
| 39700 | Carvana Co. | &nbsp;&nbsp; 14976428<br> <sup>\*</sup><br>|
| 82355 | O'Reilly Automotive, Inc. | &nbsp;&nbsp; 8878693<br> <sup>\*</sup><br>|
| 66698 | Wayfair, Inc. Class A | &nbsp;&nbsp; 5958132<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **29813253** |

---

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Technology Hardware, Storage & Peripherals 1.2%** | **Technology Hardware, Storage & Peripherals 1.2%** | **Technology Hardware, Storage & Peripherals 1.2%** |
| 84277 | Pure Storage, Inc. Class A | &nbsp;&nbsp; **$7063255**<br> <sup>\*</sup><br>|
| **Trading Companies & Distributors 3.8%** | **Trading Companies & Distributors 3.8%** | **Trading Companies & Distributors 3.8%** |
| 203637 | Fastenal Co. | &nbsp;&nbsp; 9986358 |
| 233560 | QXO, Inc. | &nbsp;&nbsp; 4451654<br> <sup>\*</sup><br>|
| 7474 | United Rentals, Inc. | &nbsp;&nbsp; 7135129 |
|  |  | &nbsp;&nbsp; **21573141** |
| **Total Common Stocks (Cost $475,374,796)** | **Total Common Stocks (Cost $475,374,796)** | &nbsp;&nbsp; **570682611** |
| **Short-Term Investments 0.9%** | **Short-Term Investments 0.9%** | **Short-Term Investments 0.9%** |
| **Investment Companies 0.9%** | **Investment Companies 0.9%** | **Investment Companies 0.9%** |
| 4987814 | &nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund Premier Class, <br> 4.09%<sup>(b)</sup><br>| &nbsp;&nbsp; 4987814 |
| 354094 | &nbsp;&nbsp; State Street Navigator Securities <br> Lending Government Money <br> Market Portfolio, 4.17%<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 354094 |
| **Total Short-Term Investments** <br> **(Cost $5,341,908)** | **Total Short-Term Investments** <br> **(Cost $5,341,908)** | &nbsp;&nbsp; **5341908** |
| **Total Investments 100.2%** <br> **(Cost $480,716,704)** | **Total Investments 100.2%** <br> **(Cost $480,716,704)** | &nbsp;&nbsp; **576024519** |
| Liabilities Less Other Assets (0.2)% | Liabilities Less Other Assets (0.2)% | &nbsp;&nbsp; (1111747)<br>|
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp; **$574912772** |

---

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

\* Non-income producing security.

(a) All or a portion of this security is on loan at September 30, 2025. Total value of all such securities at September 30, 2025 amounted to $4,206,272, collateralized by cash collateral of $354,094 and non-cash (U.S. Treasury Securities) collateral of $3,941,969 for the Fund. 

(b) Represents 7-day effective yield as of September 30, 2025.

(c) Represents investment of cash collateral received from securities lending.

See Notes to Schedule of Investments

------

Schedule of Investments Mid Cap Growth Portfolio^ (Unaudited) (cont'd)

The following is a summary, categorized by Level (see the Notes to Schedule of Investments), of inputs used to value the Fund's investments as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Investments: |  |  |  |  |
| Common Stocks<sup>#</sup> <br>| $570682611 | $— | $— | $570682611 |
| Short-Term Investments |  | 5341908 |  | 5341908 |
| **Total Investments** | **$570682611** | **$5341908** | **$—** | **$576024519** |

---

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

# The Schedule of Investments provides information on the industry or sector categorization.

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Schedule of Investments

------

Schedule of Investments Mid Cap Intrinsic Value Portfolio^ (Unaudited)

September 30, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Common Stocks 100.5%** | **Common Stocks 100.5%** | **Common Stocks 100.5%** |
| **Aerospace & Defense 3.1%** | **Aerospace & Defense 3.1%** | **Aerospace & Defense 3.1%** |
| 2384 | General Dynamics Corp. | &nbsp;&nbsp; $812944 |
| 10728 | L3Harris Technologies, Inc. | &nbsp;&nbsp; 3276438 |
|  |  | &nbsp;&nbsp; **4089382** |
| **Air Freight & Logistics 2.6%** | **Air Freight & Logistics 2.6%** | **Air Freight & Logistics 2.6%** |
| 8548 | FedEx Corp. | &nbsp;&nbsp; 2015704 |
| 26680 | GXO Logistics, Inc. | &nbsp;&nbsp; 1411105<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **3426809** |
| **Automobile Components 2.9%** | **Automobile Components 2.9%** | **Automobile Components 2.9%** |
| 42936 | Aptiv PLC | &nbsp;&nbsp; **3701942**<br> <sup>\*</sup><br>|
| **Automobiles 1.1%** | **Automobiles 1.1%** | **Automobiles 1.1%** |
| 23934 | General Motors Co. | &nbsp;&nbsp; **1459256** |
| **Banks 4.4%** | **Banks 4.4%** | **Banks 4.4%** |
| 59089 | First Horizon Corp. | &nbsp;&nbsp; 1336002 |
| 128092 | Huntington Bancshares, Inc. | &nbsp;&nbsp; 2212149 |
| 48552 | Truist Financial Corp. | &nbsp;&nbsp; 2219798 |
|  |  | &nbsp;&nbsp; **5767949** |
| **Building Products 3.2%** | **Building Products 3.2%** | **Building Products 3.2%** |
| 32189 | Fortune Brands Innovations, Inc. | &nbsp;&nbsp; 1718571 |
| 57350 | Resideo Technologies, Inc. | &nbsp;&nbsp; 2476373<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **4194944** |
| **Chemicals 0.6%** | **Chemicals 0.6%** | **Chemicals 0.6%** |
| 16507 | Ashland, Inc. | &nbsp;&nbsp; **790850** |
| **Communications Equipment 3.9%** | **Communications Equipment 3.9%** | **Communications Equipment 3.9%** |
| 26601 | Ciena Corp. | &nbsp;&nbsp; 3874968<br> <sup>\*</sup><br>|
| 2596 | Motorola Solutions, Inc. | &nbsp;&nbsp; 1187125 |
|  |  | &nbsp;&nbsp; **5062093** |
| **Construction & Engineering 1.9%** | **Construction & Engineering 1.9%** | **Construction & Engineering 1.9%** |
| 26344 | Arcosa, Inc. | &nbsp;&nbsp; **2468696** |
| **Consumer Finance 0.8%** | **Consumer Finance 0.8%** | **Consumer Finance 0.8%** |
| 19242 | Bread Financial Holdings, Inc. | &nbsp;&nbsp; **1073126** |
| **Consumer Staples Distribution & Retail 1.5%** | **Consumer Staples Distribution & Retail 1.5%** | **Consumer Staples Distribution & Retail 1.5%** |
| 20265 | Dollar Tree, Inc. | &nbsp;&nbsp; **1912408**<br> <sup>\*</sup><br>|
| **Containers & Packaging 1.9%** | **Containers & Packaging 1.9%** | **Containers & Packaging 1.9%** |
| 5112 | Avery Dennison Corp. | &nbsp;&nbsp; 829013 |
| 45219 | Sealed Air Corp. | &nbsp;&nbsp; 1598492 |
|  |  | &nbsp;&nbsp; **2427505** |
| **Electric Utilities 2.1%** | **Electric Utilities 2.1%** | **Electric Utilities 2.1%** |
| 59692 | FirstEnergy Corp. | &nbsp;&nbsp; **2735087** |
| **Electrical Equipment 0.7%** | **Electrical Equipment 0.7%** | **Electrical Equipment 0.7%** |
| 2487 | Rockwell Automation, Inc. | &nbsp;&nbsp; **869281** |

---

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Electronic Equipment, Instruments & Components 8.3%** | **Electronic Equipment, Instruments & Components 8.3%** | **Electronic Equipment, Instruments & Components 8.3%** |
| 7971 | CDW Corp. | &nbsp;&nbsp; $1269621 |
| 18840 | Coherent Corp. | &nbsp;&nbsp; 2029445<br> <sup>\*</sup><br>|
| 32078 | IPG Photonics Corp. | &nbsp;&nbsp; 2540257<br> <sup>\*</sup><br>|
| 13504 | Itron, Inc. | &nbsp;&nbsp; 1682058<br> <sup>\*</sup><br>|
| 5564 | Teledyne Technologies, Inc. | &nbsp;&nbsp; 3260726<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **10782107** |
| **Energy Equipment & Services 1.5%** | **Energy Equipment & Services 1.5%** | **Energy Equipment & Services 1.5%** |
| 40458 | Baker Hughes Co. | &nbsp;&nbsp; **1971114** |
| **Entertainment 1.4%** | **Entertainment 1.4%** | **Entertainment 1.4%** |
| 230113 | Lionsgate Studios Corp. | &nbsp;&nbsp; 1587780<br> <sup>\*</sup><br>|
| 15340 | Starz Entertainment Corp. | &nbsp;&nbsp; 225958<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **1813738** |
| **Food Products 1.1%** | **Food Products 1.1%** | **Food Products 1.1%** |
| 97769 | Hain Celestial Group, Inc. | &nbsp;&nbsp; 154475<br> <sup>\*</sup><br>|
| 62973 | TreeHouse Foods, Inc. | &nbsp;&nbsp; 1272684<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **1427159** |
| **Health Care Equipment & Supplies 2.4%** | **Health Care Equipment & Supplies 2.4%** | **Health Care Equipment & Supplies 2.4%** |
| 26294 | Haemonetics Corp. | &nbsp;&nbsp; 1281570<br> <sup>\*</sup><br>|
| 18577 | Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp; 1829834 |
|  |  | &nbsp;&nbsp; **3111404** |
| **Health Care Providers & Services 2.0%** | **Health Care Providers & Services 2.0%** | **Health Care Providers & Services 2.0%** |
| 3275 | McKesson Corp. | &nbsp;&nbsp; **2530068** |
| **Hotels, Restaurants & Leisure 5.7%** | **Hotels, Restaurants & Leisure 5.7%** | **Hotels, Restaurants & Leisure 5.7%** |
| 140649 | Brightstar Lottery PLC | &nbsp;&nbsp; 2426195 |
| 53862 | MGM Resorts International | &nbsp;&nbsp; 1866857<br> <sup>\*</sup><br>|
| 42831 | Travel & Leisure Co. | &nbsp;&nbsp; 2548016 |
| 11348 | United Parks & Resorts, Inc. | &nbsp;&nbsp; 586692<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **7427760** |
| **Independent Power and Renewable**<br> **Electricity Producers 1.7%** | **Independent Power and Renewable**<br> **Electricity Producers 1.7%** | **Independent Power and Renewable**<br> **Electricity Producers 1.7%** |
| 7250 | Ormat Technologies, Inc. | &nbsp;&nbsp; 697813 |
| 7746 | Vistra Corp. | &nbsp;&nbsp; 1517596 |
|  |  | &nbsp;&nbsp; **2215409** |
| **Industrial REITs 1.1%** | **Industrial REITs 1.1%** | **Industrial REITs 1.1%** |
| 40175 | STAG Industrial, Inc. | &nbsp;&nbsp; **1417776** |
| **Insurance 3.5%** | **Insurance 3.5%** | **Insurance 3.5%** |
| 10477 | Allstate Corp. | &nbsp;&nbsp; 2248888 |
| 16510 | Globe Life, Inc. | &nbsp;&nbsp; 2360435 |
|  |  | &nbsp;&nbsp; **4609323** |
| **IT Services 2.6%** | **IT Services 2.6%** | **IT Services 2.6%** |
| 29766 | Kyndryl Holdings, Inc. | &nbsp;&nbsp; 893873<br> <sup>\*</sup><br>|
| 14113 | Wix.com Ltd. | &nbsp;&nbsp; 2506892<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **3400765** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Mid Cap Intrinsic Value Portfolio^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Life Sciences Tools & Services 0.4%** | **Life Sciences Tools & Services 0.4%** | **Life Sciences Tools & Services 0.4%** |
| 3133 | &nbsp;&nbsp; Charles River Laboratories <br> International, Inc.<br>| &nbsp;&nbsp; **$490189**<br> <sup>\*</sup><br>|
| **Machinery 2.4%** | **Machinery 2.4%** | **Machinery 2.4%** |
| 127028 | Gates Industrial Corp. PLC | &nbsp;&nbsp; **3152835**<br> <sup>\*</sup><br>|
| **Metals & Mining 1.3%** | **Metals & Mining 1.3%** | **Metals & Mining 1.3%** |
| 50450 | Alcoa Corp. | &nbsp;&nbsp; **1659300** |
| **Multi-Utilities 4.2%** | **Multi-Utilities 4.2%** | **Multi-Utilities 4.2%** |
| 89619 | CenterPoint Energy, Inc. | &nbsp;&nbsp; 3477217 |
| 32176 | Dominion Energy, Inc. | &nbsp;&nbsp; 1968206 |
|  |  | &nbsp;&nbsp; **5445423** |
| **Oil, Gas & Consumable Fuels 5.1%** | **Oil, Gas & Consumable Fuels 5.1%** | **Oil, Gas & Consumable Fuels 5.1%** |
| 35261 | Devon Energy Corp. | &nbsp;&nbsp; 1236251 |
| 19863 | EOG Resources, Inc. | &nbsp;&nbsp; 2227039 |
| 50188 | Williams Cos., Inc. | &nbsp;&nbsp; 3179410 |
|  |  | &nbsp;&nbsp; **6642700** |
| **Professional Services 4.6%** | **Professional Services 4.6%** | **Professional Services 4.6%** |
| 360746 | Alight, Inc. Class A | &nbsp;&nbsp; 1176032 |
| 31305 | Concentrix Corp. | &nbsp;&nbsp; 1444726 |
| 368700 | Conduent, Inc. | &nbsp;&nbsp; 1032360<br> <sup>\*</sup><br>|
| 50510 | KBR, Inc. | &nbsp;&nbsp; 2388618 |
|  |  | &nbsp;&nbsp; **6041736** |
| **Real Estate Management & Development 1.8%** | **Real Estate Management & Development 1.8%** | **Real Estate Management & Development 1.8%** |
| 7615 | Jones Lang LaSalle, Inc. | &nbsp;&nbsp; **2271402**<br> <sup>\*</sup><br>|
| **Retail REITs 1.9%** | **Retail REITs 1.9%** | **Retail REITs 1.9%** |
| 34112 | Regency Centers Corp. | &nbsp;&nbsp; **2486765** |
| **Semiconductors & Semiconductor Equipment 4.6%** | **Semiconductors & Semiconductor Equipment 4.6%** | **Semiconductors & Semiconductor Equipment 4.6%** |
| 29573 | Enphase Energy, Inc. | &nbsp;&nbsp; 1046588<br> <sup>\*</sup><br>|
| 52454 | Intel Corp. | &nbsp;&nbsp; 1759832<br> <sup>\*</sup><br>|
| 9738 | &nbsp;&nbsp; MACOM Technology Solutions <br> Holdings, Inc.<br>| &nbsp;&nbsp; 1212284<br> <sup>\*</sup><br>|
| 25878 | Skyworks Solutions, Inc. | &nbsp;&nbsp; 1992088 |
|  |  | &nbsp;&nbsp; **6010792** |

---

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Software 4.1%** | **Software 4.1%** | **Software 4.1%** |
| 22593 | Docusign, Inc. | &nbsp;&nbsp; $1628729<br> <sup>\*</sup><br>|
| 133485 | UiPath, Inc. Class A | &nbsp;&nbsp; 1786029<br> <sup>\*</sup><br>|
| 23337 | Zoom Communications, Inc. | &nbsp;&nbsp; 1925303<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **5340061** |
| **Specialty Retail 1.2%** | **Specialty Retail 1.2%** | **Specialty Retail 1.2%** |
| 11321 | Best Buy Co., Inc. | &nbsp;&nbsp; 856094 |
| 26341 | ODP Corp. | &nbsp;&nbsp; 733597<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **1589691** |
| **Technology Hardware, Storage & Peripherals 4.4%** | **Technology Hardware, Storage & Peripherals 4.4%** | **Technology Hardware, Storage & Peripherals 4.4%** |
| 135459 | Hewlett Packard Enterprise Co. | &nbsp;&nbsp; 3326873 |
| 28781 | Pure Storage, Inc. Class A | &nbsp;&nbsp; 2412136<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **5739009** |
| **Textiles, Apparel & Luxury Goods 0.4%** | **Textiles, Apparel & Luxury Goods 0.4%** | **Textiles, Apparel & Luxury Goods 0.4%** |
| 118297 | Under Armour, Inc. Class C | &nbsp;&nbsp; **571375**<br> <sup>\*</sup><br>|
| **Trading Companies & Distributors 2.1%** | **Trading Companies & Distributors 2.1%** | **Trading Companies & Distributors 2.1%** |
| 23050 | AerCap Holdings NV | &nbsp;&nbsp; **2789050** |
| **Total Common Stocks (Cost $100,969,609)** | **Total Common Stocks (Cost $100,969,609)** | &nbsp;&nbsp; **130916279** |
| **Short-Term Investments 0.1%** | **Short-Term Investments 0.1%** | **Short-Term Investments 0.1%** |
| **Investment Companies 0.1%** | **Investment Companies 0.1%** | **Investment Companies 0.1%** |
| 120940 | &nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund Premier Class, 4.09%<sup>(a)</sup> <br>**(Cost $120,940)**<br>| &nbsp;&nbsp; **120940** |
| **Total Investments 100.6%** <br> **(Cost $101,090,549)** | **Total Investments 100.6%** <br> **(Cost $101,090,549)** | &nbsp;&nbsp; **131037219** |
| Liabilities Less Other Assets (0.6)% | Liabilities Less Other Assets (0.6)% | &nbsp;&nbsp; (726636)<br>|
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp; **$130310583** |

---

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

\* Non-income producing security. <br> (a) Represents 7-day effective yield as of September 30, 2025.

See Notes to Schedule of Investments

------

Schedule of Investments Mid Cap Intrinsic Value Portfolio^ (Unaudited) (cont'd)

The following is a summary, categorized by Level (see the Notes to Schedule of Investments), of inputs used to value the Fund's investments as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Investments: |  |  |  |  |
| Common Stocks<sup>#</sup> <br>| $130916279 | $— | $— | $130916279 |
| Short-Term Investments |  | 120940 |  | 120940 |
| **Total Investments** | **$130916279** | **$120940** | **$—** | **$131037219** |

---

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

# The Schedule of Investments provides information on the industry or sector categorization.

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Schedule of Investments

------

Schedule of Investments Quality Equity Portfolio<sup>†</sup>^ (Unaudited)

September 30, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Common Stocks 99.3%** | **Common Stocks 99.3%** | **Common Stocks 99.3%** |
| **Aerospace & Defense 1.0%** | **Aerospace & Defense 1.0%** | **Aerospace & Defense 1.0%** |
| 20841 | &nbsp;&nbsp; Space Exploration Technologies <br> Corp. Class A<br>| &nbsp;&nbsp; $4418292<br> <sup>\*#(a)(b)</sup><br>|
| 22368 | &nbsp;&nbsp; Space Exploration Technologies <br> Corp. Class C<br>| &nbsp;&nbsp; 4742016<br> <sup>\*#(a)(b)</sup><br>|
|  |  | &nbsp;&nbsp; **9160308** |
| **Banks 3.8%** | **Banks 3.8%** | **Banks 3.8%** |
| 307614 | Bank of America Corp. | &nbsp;&nbsp; 15869806 |
| 55376 | JPMorgan Chase & Co. | &nbsp;&nbsp; 17467252 |
|  |  | &nbsp;&nbsp; **33337058** |
| **Broadline Retail 9.6%** | **Broadline Retail 9.6%** | **Broadline Retail 9.6%** |
| 388618 | Amazon.com, Inc. | &nbsp;&nbsp; **85328854**<br> <sup>\*</sup><br>|
| **Building Products 1.1%** | **Building Products 1.1%** | **Building Products 1.1%** |
| 23909 | Trane Technologies PLC | &nbsp;&nbsp; **10088642** |
| **Capital Markets 6.9%** | **Capital Markets 6.9%** | **Capital Markets 6.9%** |
| 881381 | &nbsp;&nbsp; Interactive Brokers Group, Inc. <br> Class A<br>| &nbsp;&nbsp; **60647827** |
| **Communications Equipment 2.9%** | **Communications Equipment 2.9%** | **Communications Equipment 2.9%** |
| 178524 | Arista Networks, Inc. | &nbsp;&nbsp; **26012732**<br> <sup>\*</sup><br>|
| **Consumer Finance 1.5%** | **Consumer Finance 1.5%** | **Consumer Finance 1.5%** |
| 61985 | Capital One Financial Corp. | &nbsp;&nbsp; **13176771** |
| **Financial Services 11.9%** | **Financial Services 11.9%** | **Financial Services 11.9%** |
| 19 | Berkshire Hathaway, Inc. Class A | &nbsp;&nbsp; 14329800<br> <sup>\*</sup><br>|
| 89242 | Berkshire Hathaway, Inc. Class B | &nbsp;&nbsp; 44865523<br> <sup>\*</sup><br>|
| 94316 | Fiserv, Inc. | &nbsp;&nbsp; 12160162<br> <sup>\*</sup><br>|
| 60087 | MasterCard, Inc. Class A | &nbsp;&nbsp; 34178086 |
|  |  | &nbsp;&nbsp; **105533571** |
| **Ground Transportation 1.0%** | **Ground Transportation 1.0%** | **Ground Transportation 1.0%** |
| 249787 | CSX Corp. | &nbsp;&nbsp; **8869936** |
| **Health Care Equipment & Supplies 0.7%** | **Health Care Equipment & Supplies 0.7%** | **Health Care Equipment & Supplies 0.7%** |
| 30755 | Becton Dickinson & Co. | &nbsp;&nbsp; **5756413** |
| **Health Care Providers & Services 6.3%** | **Health Care Providers & Services 6.3%** | **Health Care Providers & Services 6.3%** |
| 78746 | Cencora, Inc. | &nbsp;&nbsp; 24610488 |
| 72305 | Cigna Group | &nbsp;&nbsp; 20841916 |
| 76937 | DaVita, Inc. | &nbsp;&nbsp; 10222619<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **55675023** |
| **Hotels, Restaurants & Leisure 2.6%** | **Hotels, Restaurants & Leisure 2.6%** | **Hotels, Restaurants & Leisure 2.6%** |
| 671480 | Compass Group PLC | &nbsp;&nbsp; **22887890** |
| **Household Products 1.3%** | **Household Products 1.3%** | **Household Products 1.3%** |
| 142905 | Colgate-Palmolive Co. | &nbsp;&nbsp; **11423826** |
| **Insurance 2.2%** | **Insurance 2.2%** | **Insurance 2.2%** |
| 79606 | Progressive Corp. | &nbsp;&nbsp; **19658702** |

---

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Interactive Media & Services 9.9%** | **Interactive Media & Services 9.9%** | **Interactive Media & Services 9.9%** |
| 361687 | Alphabet, Inc. Class A | &nbsp;&nbsp; **$87926110** |
| **IT Services 6.5%** | **IT Services 6.5%** | **IT Services 6.5%** |
| 182243 | GoDaddy, Inc. Class A | &nbsp;&nbsp; 24936310<br> <sup>\*</sup><br>|
| 1080022 | Kyndryl Holdings, Inc. | &nbsp;&nbsp; 32433060<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **57369370** |
| **Machinery 0.9%** | **Machinery 0.9%** | **Machinery 0.9%** |
| 91269 | Otis Worldwide Corp. | &nbsp;&nbsp; **8344725** |
| **Materials 1.1%** | **Materials 1.1%** | **Materials 1.1%** |
| 26958 | Sherwin-Williams Co. | &nbsp;&nbsp; **9334477** |
| **Oil, Gas & Consumable Fuels 1.1%** | **Oil, Gas & Consumable Fuels 1.1%** | **Oil, Gas & Consumable Fuels 1.1%** |
| 417150 | Coterra Energy, Inc. | &nbsp;&nbsp; **9865598** |
| **Pharmaceuticals 1.3%** | **Pharmaceuticals 1.3%** | **Pharmaceuticals 1.3%** |
| 35450 | Roche Holding AG | &nbsp;&nbsp; **11804264** |
| **Semiconductors & Semiconductor Equipment 5.1%** | **Semiconductors & Semiconductor Equipment 5.1%** | **Semiconductors & Semiconductor Equipment 5.1%** |
| 144174 | Applied Materials, Inc. | &nbsp;&nbsp; 29518185 |
| 87021 | Texas Instruments, Inc. | &nbsp;&nbsp; 15988368 |
|  |  | &nbsp;&nbsp; **45506553** |
| **Software 11.7%** | **Software 11.7%** | **Software 11.7%** |
| 20157 | Intuit, Inc. | &nbsp;&nbsp; 13765417 |
| 173101 | Microsoft Corp. | &nbsp;&nbsp; 89657663 |
|  |  | &nbsp;&nbsp; **103423080** |
| **Specialty Retail 1.9%** | **Specialty Retail 1.9%** | **Specialty Retail 1.9%** |
| 16396 | Home Depot, Inc. | &nbsp;&nbsp; 6643495 |
| 72139 | TJX Cos., Inc. | &nbsp;&nbsp; 10426971 |
|  |  | &nbsp;&nbsp; **17070466** |
| **Technology Hardware, Storage & Peripherals 3.1%** | **Technology Hardware, Storage & Peripherals 3.1%** | **Technology Hardware, Storage & Peripherals 3.1%** |
| 106870 | Apple, Inc. | &nbsp;&nbsp; **27212308** |
| **Trading Companies & Distributors 3.9%** | **Trading Companies & Distributors 3.9%** | **Trading Companies & Distributors 3.9%** |
| 22341 | United Rentals, Inc. | &nbsp;&nbsp; 21328059 |
| 13669 | W.W. Grainger, Inc. | &nbsp;&nbsp; 13026010 |
|  |  | &nbsp;&nbsp; **34354069** |
| **Total Common Stocks (Cost $394,801,853)** | **Total Common Stocks (Cost $394,801,853)** | &nbsp;&nbsp; **879768573** |
| **Preferred Stocks 0.8%** | **Preferred Stocks 0.8%** | **Preferred Stocks 0.8%** |
| **Aerospace & Defense 0.8%** | **Aerospace & Defense 0.8%** | **Aerospace & Defense 0.8%** |
| 3428 | &nbsp;&nbsp; Space Exploration Technologies <br> Corp., Series E <br> **(Cost $2,776,680)**<br>| &nbsp;&nbsp; **7267360**<br> <sup>\*#(a)(b)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Quality Equity Portfolio<sup>†</sup>^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Short-Term Investments 0.1%** | **Short-Term Investments 0.1%** | **Short-Term Investments 0.1%** |
| **Certificates of Deposit 0.0%**<sup>‡</sup> | **Certificates of Deposit 0.0%**<sup>‡</sup> | **Certificates of Deposit 0.0%**<sup>‡</sup> |
| $100000 | &nbsp;&nbsp; Self Help Credit Union, 0.10%, <br> due 10/29/2025<br>| &nbsp;&nbsp; $100000 |
| 100000 | &nbsp;&nbsp; Self Help Federal Credit Union, <br> 0.10%, due 12/1/2025<br>| &nbsp;&nbsp; 100000 |
|  |  | &nbsp;&nbsp; **200000** |
| **Number of Shares** | **Number of Shares** |  |
| **Investment Companies 0.1%** | **Investment Companies 0.1%** | **Investment Companies 0.1%** |
| 573934 | &nbsp;&nbsp; State Street Institutional <br> Treasury Money Market Fund <br> Premier Class, 4.06%<sup>(c)</sup><br>| &nbsp;&nbsp; **573934** |
| **Total Short-Term Investments** <br> **(Cost $773,934)** | **Total Short-Term Investments** <br> **(Cost $773,934)** | &nbsp;&nbsp; **773934** |
| **Total Investments 100.2%** <br> **(Cost $398,352,467)** | **Total Investments 100.2%** <br> **(Cost $398,352,467)** | &nbsp;&nbsp; **887809867** |
| Liabilities Less Other Assets (0.2)% | Liabilities Less Other Assets (0.2)% | &nbsp;&nbsp; (1519176)<br>|
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp; **$886290691** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;‡ Represents less than 0.05% of net assets of the Fund.

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

\* Non-income producing security.

(a) Value determined using significant unobservable inputs.

(b) Security fair valued as of September 30, 2025 in accordance with procedures approved by the valuation designee. Total value of all such securities at September 30, 2025 amounted to $16,427,668, which represents 1.9% of net assets of the Fund. 

(c) Represents 7-day effective yield as of September 30, 2025.

# This security is subject to restrictions on resale. Total value of all such securities at September 30, 2025 amounted to $16,427,668, which represents 1.9% of net assets of the Fund. Acquisition dates shown with a range, if any, represent securities that were acquired over the period shown in the table.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Security** | **Acquisition** <br>**Date(s)**<br>| &nbsp;&nbsp; **Acquisition** <br>**Cost**<br>| &nbsp;&nbsp; **Value as of** <br>**9/30/2025**<br>| &nbsp;&nbsp; **Fair Value** <br>**Percentage** <br>**of Net Assets** <br>**as of** <br>**9/30/2025**<br>|
| Space Exploration Technologies Corp. (Series E Preferred Shares) | 11/7/2023 | $2776680 | $7267360 | 0.8% |
| Space Exploration Technologies Corp. Class A | 8/18/2023 | 1688121 | 4418292 | 0.5% |
| Space Exploration Technologies Corp. Class C | 8/18/2023 | 1811808 | 4742016 | 0.6% |
| **Total** |  | **$6276609** | **$16427668** | **1.9%** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Quality Equity Portfolio<sup>†</sup>^ (Unaudited) (cont'd)

The following is a summary, categorized by Level (see the Notes to Schedule of Investments), of inputs used to value the Fund's investments as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3**<sup>(a)</sup> | **Total** |
| Investments: |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aerospace & Defense | $— | $— | $9160308 | $9160308 |
| &nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure |  | 22887890 |  | 22887890 |
| &nbsp;&nbsp;&nbsp; Pharmaceuticals |  | 11804264 |  | 11804264 |
| &nbsp;&nbsp;&nbsp; Other Common Stocks<sup>#</sup> <br>| 835916111 |  |  | 835916111 |
| Total Common Stocks | 835916111 | 34692154 | 9160308 | 879768573 |
| Preferred Stocks<sup>#</sup> <br>|  |  | 7267360 | 7267360 |
| Short-Term Investments |  | 773934 |  | 773934 |
| **Total Investments** | **$835916111** | **$35466088** | **$16427668** | **$887809867** |

---

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

# The Schedule of Investments provides information on the industry or sector categorization.

(a) The following is a reconciliation between the beginning and ending balances of investments in which significant unobservable inputs (Level 3) were used in determining value: 

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

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(000's** <br>**omitted)**<br>| **Beginning** <br>**balance as** <br>**of 1/1/2025**<br>| **Accrued** <br>**discounts/** <br>**(premiums)**<br>| **Realized** <br>**gain/(loss)**<br>| **Change** <br>**in unrealized** <br>**appreciation/** <br>**(depreciation)**<br>| **Purchases** | **Sales/** <br>**Other** <br>**reductions**<br>| **Transfers** <br>**into** <br>**Level 3**<br>| **Transfers** <br>**out of** <br>**Level 3**<br>| **Balance** <br>**as of** <br>**9/30/2025**<br>| **Net change in** <br>**unrealized** <br>**appreciation/** <br>**(depreciation)** <br>**from** <br>**investments** <br>**still held as of** <br>**9/30/2025**<br>|
| **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** |
| Common Stocks<sup>(1)</sup> <br>| $7993 | $— | $— | $1167 | $— | $— | $— | $— | $9160 | $1167 |
| Preferred Stocks<sup>(1)</sup> <br>| 6342 |  |  | 926 |  |  |  |  | 7268 | 926 |
| **Total** | **$14335** | **$—** | **$—** | **$2093** | **$—** | **$—** | **$—** | **$—** | **$16428** | **$2093** |

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: |
| **Investment type** | **Fair value** <br>**at** <br>**9/30/2025**<br>| &nbsp;&nbsp; **Valuation** <br>**approach**<br>| &nbsp;&nbsp; **Significant unobservable** <br>**input(s)**<br>| &nbsp;&nbsp; **Input value/** <br>**range**<br>| &nbsp;&nbsp; **Weighted** <br>**average**<sup>(a)</sup><br>| &nbsp;&nbsp; **Impact to** <br>**valuation** <br>**from** <br>**increase** <br>**in input**<sup>(b)</sup><br>|
| Common Stocks | $9160308 | Market Approach | Transaction Price | $212.00 | $212.00 | Increase |
| Preferred Stocks | 7267360 | Market Approach | Transaction Price | $212.00 | $212.00 | Increase |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. |

---

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

† Formerly known as Sustainable Equity Portfolio through July 28, 2025.

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Bond Portfolio^ (Unaudited)

September 30, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | |
|:---|:---|
| **Principal Amount** | **Principal Amount** |
| **Mortgage-Backed Securities 31.2%** | **Mortgage-Backed Securities 31.2%** |
| **Collateralized Mortgage Obligations 14.8%** | **Collateralized Mortgage Obligations 14.8%** |
| $126598 | A&D Mortgage Trust, Series 2025-NQM2, Class A3, 6.09%, due 6/25/2070<br> &nbsp;&nbsp; $127398<br> <sup>(a)</sup><br>|
| 40201 | Angel Oak Mortgage Trust, Series 2019-6, Class A1, 2.62%, due 11/25/2059<br> &nbsp;&nbsp; 39581<br> <sup>(a)(b)</sup><br>|
| 151514 | BRAVO Residential Funding Trust, Series 2024-NQM6, Class A1, 5.41%, due 8/1/2064<br> &nbsp;&nbsp; 152171<br> <sup>(a)</sup><br>|
|  | Chase Home Lending Mortgage Trust |
| 68285 | &nbsp;&nbsp;&nbsp; Series 2024-2, Class A6A, 6.00%, due 2/25/2055<br> &nbsp;&nbsp; 68718<br> <sup>(a)(b)</sup><br>|
| 124300 | &nbsp;&nbsp;&nbsp; Series 2024-4, Class A6, 6.00%, due 3/25/2055<br> &nbsp;&nbsp; 125314<br> <sup>(a)(b)</sup><br>|
| 140601 | &nbsp;&nbsp;&nbsp; Series 2024-10, Class A4A, 5.50%, due 10/25/2055<br> &nbsp;&nbsp; 141177<br> <sup>(a)(b)</sup><br>|
| 162243 | &nbsp;&nbsp;&nbsp; Series 2024-11, Class A4, 6.00%, due 11/25/2055<br> &nbsp;&nbsp; 164913<br> <sup>(a)(b)</sup><br>|
| 87805 | COLT Mortgage Loan Trust, Series 2024-2, Class A1, 6.13%, due 4/25/2069<br> &nbsp;&nbsp; 88763<br> <sup>(a)</sup><br>|
| 140196 | COOPR Residential Mortgage Trust, Series 2025-CES1, Class A1A, 5.65%, due 5/25/2060<br> &nbsp;&nbsp; 141838<br> <sup>(a)</sup><br>|
| 100000 | EFMT, Series 2024-INV2, Class M1, 5.73%, due 10/25/2069<br> &nbsp;&nbsp; 99759<br> <sup>(a)(b)</sup><br>|
| 196270 | Ellington Financial Mortgage Trust, Series 2022-1, Class A1, 2.21%, due 1/25/2067<br> &nbsp;&nbsp; 173489<br> <sup>(a)(b)</sup><br>|
|  | Federal Home Loan Mortgage Corp. REMIC |
| 446553 | &nbsp;&nbsp;&nbsp; Series 5475, Class FA, (30 day USD SOFR Average + 1.10%), 5.46%, due 11/25/2054<br> &nbsp;&nbsp; 446402<br> <sup>(c)</sup><br>|
| 360064 | &nbsp;&nbsp;&nbsp; Series 5474, Class FB, (30 day USD SOFR Average + 1.15%), 5.51%, due 11/25/2054<br> &nbsp;&nbsp; 360183<br> <sup>(c)</sup><br>|
| 371767 | &nbsp;&nbsp;&nbsp; Series 5542, Class CF, (30 day USD SOFR Average + 1.55%), 5.91%, due 5/25/2055<br> &nbsp;&nbsp; 376118<br> <sup>(c)</sup><br>|
|  | Federal Home Loan Mortgage Corp. STACR REMIC Trust |
| 179755 | &nbsp;&nbsp;&nbsp; Series 2021-DNA6, Class M2, (30 day USD SOFR Average + 1.50%), 5.86%, due 10/25/2041<br> &nbsp;&nbsp; 180233<br> <sup>(a)(c)</sup><br>|
| 275000 | &nbsp;&nbsp;&nbsp; Series 2022-DNA2, Class M2, (30 day USD SOFR Average + 3.75%), 8.11%, due 2/25/2042<br> &nbsp;&nbsp; 284196<br> <sup>(a)(c)</sup><br>|
| 320000 | &nbsp;&nbsp;&nbsp; Series 2022-HQA1, Class M2, (30 day USD SOFR Average + 5.25%), 9.61%, due 3/25/2042<br> &nbsp;&nbsp; 337173<br> <sup>(a)(c)</sup><br>|
| 472000 | &nbsp;&nbsp;&nbsp; Series 2022-HQA3, Class M1B, (30 day USD SOFR Average + 3.55%), 7.91%, due 8/25/2042<br> &nbsp;&nbsp; 494103<br> <sup>(a)(c)</sup><br>|
| 240000 | &nbsp;&nbsp;&nbsp; Series 2024-DNA2, Class M2, (30 day USD SOFR Average + 1.70%), 6.06%, due 5/25/2044<br> &nbsp;&nbsp; 241162<br> <sup>(a)(c)</sup><br>|
|  | Federal National Mortgage Association Connecticut Avenue Securities Trust |
| 134704 | &nbsp;&nbsp;&nbsp; Series 2021-R01, Class 1M2, (30 day USD SOFR Average + 1.55%), 5.91%, due 10/25/2041<br> &nbsp;&nbsp; 134958<br> <sup>(a)(c)</sup><br>|
| 340000 | &nbsp;&nbsp;&nbsp; Series 2021-R01, Class 1B1, (30 day USD SOFR Average + 3.10%), 7.46%, due 10/25/2041<br> &nbsp;&nbsp; 346415<br> <sup>(a)(c)</sup><br>|
| 410000 | &nbsp;&nbsp;&nbsp; Series 2021-R03, Class 1M2, (30 day USD SOFR Average + 1.65%), 6.01%, due 12/25/2041<br> &nbsp;&nbsp; 411857<br> <sup>(a)(c)</sup><br>|
| 360000 | &nbsp;&nbsp;&nbsp; Series 2022-R01, Class 1M2, (30 day USD SOFR Average + 1.90%), 6.26%, due 12/25/2041<br> &nbsp;&nbsp; 365008<br> <sup>(a)(c)</sup><br>|
| 190000 | &nbsp;&nbsp;&nbsp; Series 2022-R04, Class 1M2, (30 day USD SOFR Average + 3.10%), 7.46%, due 3/25/2042<br> &nbsp;&nbsp; 195195<br> <sup>(a)(c)</sup><br>|
| 395000 | &nbsp;&nbsp;&nbsp; Series 2022-R03, Class 1M2, (30 day USD SOFR Average + 3.50%), 7.86%, due 3/25/2042<br> &nbsp;&nbsp; 407466<br> <sup>(a)(c)</sup><br>|
| 245000 | &nbsp;&nbsp;&nbsp; Series 2022-R07, Class 1M2, (30 day USD SOFR Average + 4.65%), 9.01%, due 6/25/2042<br> &nbsp;&nbsp; 259145<br> <sup>(a)(c)</sup><br>|
| 237370 | &nbsp;&nbsp;&nbsp; Series 2022-R08, Class 1M1, (30 day USD SOFR Average + 2.55%), 6.91%, due 7/25/2042<br> &nbsp;&nbsp; 243435<br> <sup>(a)(c)</sup><br>|
| 43000 | &nbsp;&nbsp;&nbsp; Series 2022-R08, Class 1M2, (30 day USD SOFR Average + 3.60%), 7.96%, due 7/25/2042<br> &nbsp;&nbsp; 44720<br> <sup>(a)(c)</sup><br>|
| 214000 | &nbsp;&nbsp;&nbsp; Series 2022-R08, Class 1B1, (30 day USD SOFR Average + 5.60%), 9.96%, due 7/25/2042<br> &nbsp;&nbsp; 229382<br> <sup>(a)(c)</sup><br>|
| 264830 | &nbsp;&nbsp;&nbsp; Series 2023-R01, Class 1M1, (30 day USD SOFR Average + 2.40%), 6.76%, due 12/25/2042<br> &nbsp;&nbsp; 270978<br> <sup>(a)(c)</sup><br>|
| 127000 | &nbsp;&nbsp;&nbsp; Series 2023-R02, Class 1M2, (30 day USD SOFR Average + 3.35%), 7.71%, due 1/25/2043<br> &nbsp;&nbsp; 132556<br> <sup>(a)(c)</sup><br>|
| 156000 | &nbsp;&nbsp;&nbsp; Series 2024-R04, Class 1M2, (30 day USD SOFR Average + 1.65%), 6.01%, due 5/25/2044<br> &nbsp;&nbsp; 156293<br> <sup>(a)(c)</sup><br>|
| 83000 | &nbsp;&nbsp;&nbsp; Series 2025-R01, Class 1B1, (30 day USD SOFR Average + 1.70%), 6.06%, due 1/25/2045<br> &nbsp;&nbsp; 82637<br> <sup>(a)(c)</sup><br>|
|  | Federal National Mortgage Association REMIC |
| 499214 | &nbsp;&nbsp;&nbsp; Series 2024-40, Class FA, (30 day USD SOFR Average + 1.15%), 5.51%, due 3/25/2054<br> &nbsp;&nbsp; 499144<br> <sup>(c)</sup><br>|
| 372035 | &nbsp;&nbsp;&nbsp; Series 2025-35, Class HF, (30 day USD SOFR Average + 1.70%), 6.00%, due 5/25/2055<br> &nbsp;&nbsp; 376249<br> <sup>(c)</sup><br>|
|  | GCAT Trust |
| 105241 | &nbsp;&nbsp;&nbsp; Series 2019-NQM3, Class A1, 3.69%, due 11/25/2059<br> &nbsp;&nbsp; 102750<br> <sup>(a)(b)</sup><br>|
| 366662 | &nbsp;&nbsp;&nbsp; Series 2021-NQM5, Class A1, 1.26%, due 7/25/2066<br> &nbsp;&nbsp; 310842<br> <sup>(a)(b)</sup><br>|
|  | JP Morgan Mortgage Trust |
| 21919 | &nbsp;&nbsp;&nbsp; Series 2024-2, Class A6A, 6.00%, due 8/25/2054<br> &nbsp;&nbsp; 21887<br> <sup>(a)(b)</sup><br>|
| 67292 | &nbsp;&nbsp;&nbsp; Series 2024-4, Class A6A, 6.00%, due 10/25/2054<br> &nbsp;&nbsp; 67528<br> <sup>(a)(b)</sup><br>|
| 160075 | &nbsp;&nbsp;&nbsp; Series 2025-2, Class A4, 6.00%, due 7/25/2055<br> &nbsp;&nbsp; 162230<br> <sup>(a)(b)</sup><br>|
| 81748 | &nbsp;&nbsp;&nbsp; Series 2024-NQM1, Class A1, 5.59%, due 2/25/2064<br> &nbsp;&nbsp; 82387<br> <sup>(a)</sup><br>|
| 98099 | &nbsp;&nbsp;&nbsp; Series 2024-NQM1, Class A3, 5.95%, due 2/25/2064<br> &nbsp;&nbsp; 98810<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Bond Portfolio^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Principal Amount** | **Value** |
| **Collateralized Mortgage Obligations – cont'd** | **Collateralized Mortgage Obligations – cont'd** | **Collateralized Mortgage Obligations – cont'd** | **Collateralized Mortgage Obligations – cont'd** |
| $| 77000 | &nbsp;&nbsp;&nbsp; Series 2024-NQM1, Class M1A, 6.41%, due 2/25/2064 | &nbsp;&nbsp; $77704<br> <sup>(a)(b)</sup><br>|
|  | 194000 | LHOME Mortgage Trust, Series 2024-RTL4, Class A1, 5.92%, due 7/25/2039 | &nbsp;&nbsp; 195281<br> <sup>(a)</sup><br>|
|  | 74376 | &nbsp;&nbsp; Morgan Stanley Residential Mortgage Loan Trust, Series 2024-NQM3, Class A3, 5.40%, due <br> 7/25/2069<br>| &nbsp;&nbsp; 74396<br> <sup>(a)</sup><br>|
|  | 100000 | New Residential Mortgage Loan Trust, Series 2024-RTL2, Class A1, 5.44%, due 9/25/2039 | &nbsp;&nbsp; 100597<br> <sup>(a)</sup><br>|
|  | 107246 | NRM FHT1 Excess Owner LLC, Series 2025-FHT1, Class A, 6.55%, due 3/25/2032 | &nbsp;&nbsp; 108138<br> <sup>(a)</sup><br>|
|  |  | OBX Trust |  |
|  | 143014 | &nbsp;&nbsp;&nbsp; Series 2025-NQM7, Class A2, 5.76%, due 5/25/2055 | &nbsp;&nbsp; 144235<br> <sup>(a)</sup><br>|
|  | 100000 | &nbsp;&nbsp;&nbsp; Series 2024-NQM14, Class M1, 5.58%, due 9/25/2064 | &nbsp;&nbsp; 99603<br> <sup>(a)(b)</sup><br>|
|  |  | Sequoia Mortgage Trust |  |
|  | 34712 | &nbsp;&nbsp;&nbsp; Series 2024-2, Class A10, 6.00%, due 3/25/2054 | &nbsp;&nbsp; 34851<br> <sup>(a)(b)</sup><br>|
|  | 95400 | &nbsp;&nbsp;&nbsp; Series 2024-4, Class A10, 6.00%, due 5/25/2054 | &nbsp;&nbsp; 95961<br> <sup>(a)(b)</sup><br>|
|  | 361820 | SG Residential Mortgage Trust, Series 2021-2, Class A1, 1.74%, due 12/25/2061 | &nbsp;&nbsp; 312596<br> <sup>(a)(b)</sup><br>|
|  | 326032 | Towd Point Mortgage Trust, Series 2022-4, Class A1, 3.75%, due 9/25/2062 | &nbsp;&nbsp; 313159<br> <sup>(a)</sup><br>|
|  |  | Verus Securitization Trust |  |
|  | 340490 | &nbsp;&nbsp;&nbsp; Series 2021-3, Class A3, 1.44%, due 6/25/2066 | &nbsp;&nbsp; 299322<br> <sup>(a)(b)</sup><br>|
|  | 296682 | &nbsp;&nbsp;&nbsp; Series 2021-6, Class A3, 1.89%, due 10/25/2066 | &nbsp;&nbsp; 261304<br> <sup>(a)(b)</sup><br>|
|  | 81043 | &nbsp;&nbsp;&nbsp; Series 2024-7, Class A1, 5.10%, due 9/25/2069 | &nbsp;&nbsp; 81162<br> <sup>(a)(b)</sup><br>|
|  | 81044 | &nbsp;&nbsp;&nbsp; Series 2024-7, Class A3, 5.40%, due 9/25/2069 | &nbsp;&nbsp; 80945<br> <sup>(a)</sup><br>|
|  | 130987 | &nbsp;&nbsp;&nbsp; Series 2025-3, Class A3, 5.93%, due 5/25/2070 | &nbsp;&nbsp; 131902<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **11455719** |
| **Commercial Mortgage-Backed 9.6%** | **Commercial Mortgage-Backed 9.6%** | **Commercial Mortgage-Backed 9.6%** | **Commercial Mortgage-Backed 9.6%** |
|  | 125000 | 1211 Avenue of the Americas Trust, Series 2015-1211, Class A1A2, 3.90%, due 8/10/2035 | &nbsp;&nbsp; 120312<br> <sup>(a)</sup><br>|
|  | 85000 | 1301 Trust, Series 2025-1301, Class D, 6.43%, due 8/11/2042 | &nbsp;&nbsp; 85080<br> <sup>(a)(b)</sup><br>|
|  | 118000 | ALA Trust, Series 2025-OANA, Class D, (1 mo. USD Term SOFR + 3.09%), 7.24%, due 6/15/2040 | &nbsp;&nbsp; 119176<br> <sup>(a)(c)</sup><br>|
|  | 115000 | BAHA Trust, Series 2024-MAR, Class A, 6.17%, due 12/10/2041 | &nbsp;&nbsp; 118917<br> <sup>(a)(b)</sup><br>|
|  |  | BANK5 |  |
|  | 41000 | &nbsp;&nbsp;&nbsp; Series 2023-5YR2, Class C, 7.40%, due 7/15/2056 | &nbsp;&nbsp; 42342<br> <sup>(b)</sup><br>|
|  | 49000 | &nbsp;&nbsp;&nbsp; Series 2025-5YR17, Class C, 5.89%, due 11/15/2058 | &nbsp;&nbsp; 49053<br> <sup>(b)(d)</sup><br>|
|  | 69000 | &nbsp;&nbsp;&nbsp; Series 2025-5YR17, Class B, 5.99%, due 11/15/2058 | &nbsp;&nbsp; 71147<br> <sup>(b)(d)</sup><br>|
|  |  | BBCMS Mortgage Trust |  |
|  | 5168073 | &nbsp;&nbsp;&nbsp; Series 2021-C11, Class XA, 1.45%, due 9/15/2054 | &nbsp;&nbsp; 277683<br> <sup>(b)(e)</sup><br>|
|  | 1017821 | &nbsp;&nbsp;&nbsp; Series 2022-C17, Class XA, 1.32%, due 9/15/2055 | &nbsp;&nbsp; 64969<br> <sup>(b)(e)</sup><br>|
|  |  | Benchmark Mortgage Trust |  |
|  | 87000 | &nbsp;&nbsp;&nbsp; Series 2023-V2, Class C, 7.00%, due 5/15/2055 | &nbsp;&nbsp; 88932<br> <sup>(b)</sup><br>|
|  | 64000 | &nbsp;&nbsp;&nbsp; Series 2023-V3, Class C, 7.41%, due 7/15/2056 | &nbsp;&nbsp; 65004<br> <sup>(b)</sup><br>|
|  | 44000 | &nbsp;&nbsp;&nbsp; Series 2023-B40, Class C, 7.66%, due 12/15/2056 | &nbsp;&nbsp; 45756<br> <sup>(b)</sup><br>|
|  | 15000 | &nbsp;&nbsp;&nbsp; Series 2024-V5, Class C, 7.20%, due 1/10/2057 | &nbsp;&nbsp; 15447<br> <sup>(b)</sup><br>|
|  | 126000 | &nbsp;&nbsp;&nbsp; Series 2024-V8, Class B, 7.18%, due 7/15/2057 | &nbsp;&nbsp; 133696<br> <sup>(b)</sup><br>|
|  |  | BLP Commercial Mortgage Trust |  |
|  | 119000 | &nbsp;&nbsp;&nbsp; Series 2025-IND, Class A, (1 mo. USD Term SOFR + 1.20%), 5.35%, due 3/15/2042 | &nbsp;&nbsp; 118740<br> <sup>(a)(c)</sup><br>|
|  | 111000 | &nbsp;&nbsp;&nbsp; Series 2025-IND, Class D, (1 mo. USD Term SOFR + 2.25%), 6.40%, due 3/15/2042 | &nbsp;&nbsp; 110445<br> <sup>(a)(c)</sup><br>|
|  | 95000 | BMO Mortgage Trust, Series 2024-C8, Class C, 6.23%, due 3/15/2057 | &nbsp;&nbsp; 97084<br> <sup>(b)</sup><br>|
|  |  | BX Commercial Mortgage Trust |  |
|  | 96883 | &nbsp;&nbsp;&nbsp; Series 2021-VOLT, Class D, (1 mo. USD Term SOFR + 1.76%), 5.91%, due 9/15/2036 | &nbsp;&nbsp; 96580<br> <sup>(a)(c)</sup><br>|
|  | 96883 | &nbsp;&nbsp;&nbsp; Series 2021-VOLT, Class F, (1 mo. USD Term SOFR + 2.51%), 6.66%, due 9/15/2036 | &nbsp;&nbsp; 96701<br> <sup>(a)(c)</sup><br>|
|  | 130162 | &nbsp;&nbsp;&nbsp; Series 2024-MF, Class C, (1 mo. USD Term SOFR + 1.94%), 6.09%, due 2/15/2039 | &nbsp;&nbsp; 130406<br> <sup>(a)(c)</sup><br>|
|  | 104267 | &nbsp;&nbsp;&nbsp; Series 2024-XL5, Class D, (1 mo. USD Term SOFR + 2.69%), 6.84%, due 3/15/2041 | &nbsp;&nbsp; 104463<br> <sup>(a)(c)</sup><br>|
|  | 110000 | &nbsp;&nbsp;&nbsp; Series 2024-GPA2, Class C, (1 mo. USD Term SOFR + 2.19%), 6.34%, due 11/15/2041 | &nbsp;&nbsp; 110275<br> <sup>(a)(c)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Bond Portfolio^ (Unaudited) (cont'd)

---

| | |
|:---|:---|
| **Principal Amount** | **Principal Amount** |
| **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** |
|  | BX Trust |
| $182289 | &nbsp;&nbsp;&nbsp; Series 2025-ROIC, Class D, (1 mo. USD Term SOFR + 1.99%), 6.14%, due 3/15/2030<br> &nbsp;&nbsp; $181833<br> <sup>(a)(c)</sup><br>|
| 169000 | &nbsp;&nbsp;&nbsp; Series 2024-BIO, Class C, (1 mo. USD Term SOFR + 2.64%), 6.79%, due 2/15/2041<br> &nbsp;&nbsp; 168419<br> <sup>(a)(c)</sup><br>|
| 122000 | &nbsp;&nbsp;&nbsp; Series 2024-VLT4, Class E, (1 mo. USD Term SOFR + 2.89%), 7.04%, due 6/15/2041<br> &nbsp;&nbsp; 122152<br> <sup>(a)(c)</sup><br>|
| 90000 | &nbsp;&nbsp;&nbsp; Series 2019-OC11, Class D, 4.08%, due 12/9/2041<br> &nbsp;&nbsp; 85117<br> <sup>(a)(b)</sup><br>|
| 121000 | &nbsp;&nbsp;&nbsp; Series 2025-VLT7, Class D, (1 mo. USD Term SOFR + 3.25%), 7.40%, due 7/15/2044<br> &nbsp;&nbsp; 121907<br> <sup>(a)(c)</sup><br>|
| 205000 | BXP Trust, Series 2017-GM, Class D, 3.54%, due 6/13/2039<br> &nbsp;&nbsp; 197365<br> <sup>(a)(b)</sup><br>|
| 100000 | Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class C, 6.05%, due 10/12/2040<br> &nbsp;&nbsp; 101206<br> <sup>(a)(b)</sup><br>|
|  | COMM Mortgage Trust |
| 100000 | &nbsp;&nbsp;&nbsp; Series 2024-CBM, Class D, 8.19%, due 12/10/2041<br> &nbsp;&nbsp; 101843<br> <sup>(a)(b)</sup><br>|
| 120000 | &nbsp;&nbsp;&nbsp; Series 2024-277P, Class B, 7.23%, due 8/10/2044<br> &nbsp;&nbsp; 128116<br> <sup>(a)(b)</sup><br>|
|  | CONE Trust |
| 48000 | &nbsp;&nbsp;&nbsp; Series 2024-DFW1, Class A, (1 mo. USD Term SOFR + 1.64%), 5.79%, due 8/15/2041<br> &nbsp;&nbsp; 47962<br> <sup>(a)(c)</sup><br>|
| 51000 | &nbsp;&nbsp;&nbsp; Series 2024-DFW1, Class D, (1 mo. USD Term SOFR + 3.04%), 7.19%, due 8/15/2041<br> &nbsp;&nbsp; 50955<br> <sup>(a)(c)</sup><br>|
| 5128725 | CSAIL Commercial Mortgage Trust, Series 2016-C5, Class XA, 0.89%, due 11/15/2048<br> &nbsp;&nbsp; 91<br> <sup>(b)(e)</sup><br>|
| 300000 | Eleven Madison Trust Mortgage Trust, Series 2015-11MD, Class A, 3.67%, due 9/10/2035<br> &nbsp;&nbsp; 299433<br> <sup>(a)(b)</sup><br>|
|  | ELM Trust |
| 100000 | &nbsp;&nbsp;&nbsp; Series 2024-ELM, Class D10, 6.85%, due 6/10/2039<br> &nbsp;&nbsp; 100561<br> <sup>(a)(b)</sup><br>|
| 100000 | &nbsp;&nbsp;&nbsp; Series 2024-ELM, Class D15, 6.90%, due 6/10/2039<br> &nbsp;&nbsp; 100576<br> <sup>(a)(b)</sup><br>|
| 120000 | Fashion Show Mall LLC, Series 2024-SHOW, Class C, 6.28%, due 10/10/2041<br> &nbsp;&nbsp; 120701<br> <sup>(a)(b)</sup><br>|
|  | Federal Home Loan Mortgage Corp. Multiclass Certificates |
| 2420000 | &nbsp;&nbsp;&nbsp; Series 2020-RR03, Class X1, 1.71%, due 7/27/2028<br> &nbsp;&nbsp; 94889<br> <sup>(e)</sup><br>|
| 1500000 | &nbsp;&nbsp;&nbsp; Series 2020-RR02, Class DX, 1.82%, due 9/27/2028<br> &nbsp;&nbsp; 67058<br> <sup>(b)(e)</sup><br>|
| 1535000 | &nbsp;&nbsp;&nbsp; Series 2020-RR02, Class CX, 1.27%, due 3/27/2029<br> &nbsp;&nbsp; 56032<br> <sup>(b)(e)</sup><br>|
| 34252 | &nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured Credit Risk, Series 2024-MN8, Class M1, <br> (30 day USD SOFR Average + 2.85%), 7.21%, due 5/25/2044<br>&nbsp;&nbsp; 34619<br> <sup>(a)(c)</sup><br>|
| 75000 | FIVE Mortgage Trust, Series 2023-V1, Class C, 6.51%, due 2/10/2056<br> &nbsp;&nbsp; 75866<br> <sup>(b)</sup><br>|
|  | GS Mortgage Securities Trust |
| 5590641 | &nbsp;&nbsp;&nbsp; Series 2013-GC13, Class XA, 0.00%, due 7/10/2046<br> &nbsp;&nbsp; 56<br> <sup>(b)(e)</sup><br>|
| 64000 | &nbsp;&nbsp;&nbsp; Series 2016-GS2, Class C, 4.84%, due 5/10/2049<br> &nbsp;&nbsp; 61975<br> <sup>(b)</sup><br>|
| 157000 | Hilton USA Trust, Series 2016-HHV, Class C, 4.33%, due 11/5/2038<br> &nbsp;&nbsp; 155497<br> <sup>(a)(b)</sup><br>|
|  | Hudson Yards Mortgage Trust |
| 100000 | &nbsp;&nbsp;&nbsp; Series 2025-SPRL, Class D, 6.55%, due 1/13/2040<br> &nbsp;&nbsp; 103987<br> <sup>(a)(b)</sup><br>|
| 100000 | &nbsp;&nbsp;&nbsp; Series 2025-SPRL, Class E, 6.90%, due 1/13/2040<br> &nbsp;&nbsp; 103573<br> <sup>(a)(b)</sup><br>|
| 139000 | &nbsp;&nbsp; INTOWN Mortgage Trust, Series 2025-STAY, Class C, (1 mo. USD Term SOFR + 2.25%), 6.40%, due <br> 3/15/2042<br>&nbsp;&nbsp; 138739<br> <sup>(a)(c)</sup><br>|
|  | IP Mortgage Trust |
| 50000 | &nbsp;&nbsp;&nbsp; Series 2025-IP, Class A, 5.42%, due 6/10/2042<br> &nbsp;&nbsp; 50886<br> <sup>(a)(b)</sup><br>|
| 40000 | &nbsp;&nbsp;&nbsp; Series 2025-IP, Class D, 6.53%, due 6/10/2042<br> &nbsp;&nbsp; 40607<br> <sup>(a)(b)</sup><br>|
| 29000 | &nbsp;&nbsp;&nbsp; Series 2025-IP, Class E, 7.07%, due 6/10/2042<br> &nbsp;&nbsp; 29491<br> <sup>(a)(b)</sup><br>|
| 122000 | IRV Trust, Series 2025-200P, Class C, 5.92%, due 3/14/2047<br> &nbsp;&nbsp; 121172<br> <sup>(a)(b)</sup><br>|
| 135000 | &nbsp;&nbsp; JP Morgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class D, 3.56%, due <br> 1/5/2039<br>&nbsp;&nbsp; 109369<br> <sup>(a)(b)</sup><br>|
| 100000 | Manhattan West Mortgage Trust, Series 2020-1MW, Class D, 2.41%, due 9/10/2039<br> &nbsp;&nbsp; 93571<br> <sup>(a)(b)</sup><br>|
| 100000 | &nbsp;&nbsp; MED Commercial Mortgage Trust, Series 2024-MOB, Class C, (1 mo. USD Term SOFR + 2.29%), <br> 6.44%, due 5/15/2041<br>&nbsp;&nbsp; 98808<br> <sup>(a)(c)</sup><br>|
| 70000 | Morgan Stanley Capital I Trust, Series 2018-H4, Class C, 5.22%, due 12/15/2051<br> &nbsp;&nbsp; 64546<br> <sup>(b)</sup><br>|
| 29000 | MSWF Commercial Mortgage Trust, Series 2023-2, Class C, 7.25%, due 12/15/2056<br> &nbsp;&nbsp; 29999<br> <sup>(b)</sup><br>|
|  | NYC Commercial Mortgage Trust |
| 100000 | &nbsp;&nbsp;&nbsp; Series 2025-3BP, Class D, (1 mo. USD Term SOFR + 2.44%), 6.59%, due 2/15/2042<br> &nbsp;&nbsp; 99531<br> <sup>(a)(c)</sup><br>|
| 98000 | &nbsp;&nbsp;&nbsp; Series 2025-300P, Class D, 6.16%, due 7/13/2042<br> &nbsp;&nbsp; 98736<br> <sup>(a)(b)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Bond Portfolio^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Principal Amount** | **Value** |
| **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** |
|  |  | One Market Plaza Trust |  |
| $| 73045 | &nbsp;&nbsp;&nbsp; Series 2017-1MKT, Class A, 3.61%, due 2/10/2032 | &nbsp;&nbsp; $70779<br> <sup>(a)</sup><br>|
|  | 100000 | &nbsp;&nbsp;&nbsp; Series 2017-1MKT, Class B, 3.85%, due 2/10/2032 | &nbsp;&nbsp; 96340<br> <sup>(a)</sup><br>|
|  | 150000 | &nbsp;&nbsp; ONE Mortgage Trust, Series 2021-PARK, Class A, (1 mo. USD Term SOFR + 0.81%), 4.96%, due <br> 3/15/2036<br>| &nbsp;&nbsp; 147856<br> <sup>(a)(c)</sup><br>|
|  | 121000 | ONNI Commercial Mortgage Trust, Series 2024-APT, Class C, 6.64%, due 7/15/2039 | &nbsp;&nbsp; 123877<br> <sup>(a)(b)</sup><br>|
|  | 100000 | ORL Trust, Series 2024-GLKS, Class D, (1 mo. USD Term SOFR + 2.79%), 6.94%, due 12/15/2039 | &nbsp;&nbsp; 100187<br> <sup>(a)(c)</sup><br>|
|  | 141000 | PRM5 Trust, Series 2025-PRM5, Class D, 5.81%, due 3/10/2033 | &nbsp;&nbsp; 140539<br> <sup>(a)(b)</sup><br>|
|  | 142000 | RIDE, Series 2025-SHRE, Class C, 6.32%, due 2/14/2047 | &nbsp;&nbsp; 144497<br> <sup>(a)(b)</sup><br>|
|  | 188000 | ROCK Trust, Series 2024-CNTR, Class D, 7.11%, due 11/13/2041 | &nbsp;&nbsp; 196108<br> <sup>(a)</sup><br>|
|  | 121000 | SDAL Trust, Series 2025-DAL, Class C, (1 mo. USD Term SOFR + 3.94%), 8.09%, due 4/15/2042 | &nbsp;&nbsp; 121753<br> <sup>(a)(c)</sup><br>|
|  |  | SFO Commercial Mortgage Trust |  |
|  | 42000 | &nbsp;&nbsp;&nbsp; Series 2021-555, Class B, (1 mo. USD Term SOFR + 1.61%), 5.76%, due 5/15/2038 | &nbsp;&nbsp; 41606<br> <sup>(a)(c)</sup><br>|
|  | 60000 | &nbsp;&nbsp;&nbsp; Series 2021-555, Class C, (1 mo. USD Term SOFR + 1.91%), 6.06%, due 5/15/2038 | &nbsp;&nbsp; 59363<br> <sup>(a)(c)</sup><br>|
|  | 103000 | &nbsp;&nbsp;&nbsp; Series 2021-555, Class D, (1 mo. USD Term SOFR + 2.51%), 6.66%, due 5/15/2038 | &nbsp;&nbsp; 101712<br> <sup>(a)(c)</sup><br>|
|  | 100000 | &nbsp;&nbsp; TCO Commercial Mortgage Trust, Series 2024-DPM, Class C, (1 mo. USD Term SOFR + 1.99%), <br> 6.14%, due 12/15/2039<br>| &nbsp;&nbsp; 100250<br> <sup>(a)(c)</sup><br>|
|  |  | Wells Fargo Commercial Mortgage Trust |  |
|  | 118000 | &nbsp;&nbsp;&nbsp; Series 2024-1CHI, Class C, 6.43%, due 7/15/2035 | &nbsp;&nbsp; 119324<br> <sup>(a)(b)</sup><br>|
|  | 71000 | &nbsp;&nbsp;&nbsp; Series 2025-5C3, Class C, 6.23%, due 1/15/2058 | &nbsp;&nbsp; 72270<br> <sup>(b)</sup><br>|
|  |  |  | &nbsp;&nbsp; **7455913** |
| **Federal Home Loan Mortgage Corp. 3.7%** | **Federal Home Loan Mortgage Corp. 3.7%** | **Federal Home Loan Mortgage Corp. 3.7%** | **Federal Home Loan Mortgage Corp. 3.7%** |
|  |  | Pass-Through Certificates |  |
|  | 10997 | &nbsp;&nbsp;&nbsp; 3.50%, due 5/1/2026 | &nbsp;&nbsp; 10951 |
|  | 218187 | &nbsp;&nbsp;&nbsp; 4.50%, due 11/1/2039 | &nbsp;&nbsp; 219446 |
|  | 1511822 | &nbsp;&nbsp;&nbsp; 5.50%, due 9/1/2052 - 4/1/2053 | &nbsp;&nbsp; 1532939 |
|  | 1045072 | &nbsp;&nbsp;&nbsp; 6.00%, due 10/1/2052 - 3/1/2053 | &nbsp;&nbsp; 1072016 |
|  |  |  | &nbsp;&nbsp; **2835352** |
| **Federal National Mortgage Association 3.1%** | **Federal National Mortgage Association 3.1%** | **Federal National Mortgage Association 3.1%** | **Federal National Mortgage Association 3.1%** |
|  |  | Pass-Through Certificates |  |
|  | 416666 | &nbsp;&nbsp;&nbsp; 4.50%, due 5/1/2041 - 5/1/2044 | &nbsp;&nbsp; 415750 |
|  | 850675 | &nbsp;&nbsp;&nbsp; 5.50%, due 11/1/2052 - 5/1/2053 | &nbsp;&nbsp; 861710 |
|  | 1116531 | &nbsp;&nbsp;&nbsp; 6.00%, due 11/1/2052 - 10/1/2053 | &nbsp;&nbsp; 1149764 |
|  |  |  | &nbsp;&nbsp; **2427224** |
| **Total Mortgage-Backed Securities (Cost $25,067,434)** | **Total Mortgage-Backed Securities (Cost $25,067,434)** | **Total Mortgage-Backed Securities (Cost $25,067,434)** | &nbsp;&nbsp; **24174208** |
| **Asset-Backed Securities 24.1%** | **Asset-Backed Securities 24.1%** | **Asset-Backed Securities 24.1%** | **Asset-Backed Securities 24.1%** |
| **Automobiles 3.9%** | **Automobiles 3.9%** | **Automobiles 3.9%** | **Automobiles 3.9%** |
|  |  | Avis Budget Rental Car Funding AESOP LLC |  |
|  | 80000 | &nbsp;&nbsp;&nbsp; Series 2020-2A, Class B, 2.96%, due 2/20/2027 | &nbsp;&nbsp; 79705<br> <sup>(a)</sup><br>|
|  | 115000 | &nbsp;&nbsp;&nbsp; Series 2022-5A, Class C, 6.24%, due 4/20/2027 | &nbsp;&nbsp; 115462<br> <sup>(a)</sup><br>|
|  | 158000 | &nbsp;&nbsp;&nbsp; Series 2021-2A, Class B, 1.90%, due 2/20/2028 | &nbsp;&nbsp; 153380<br> <sup>(a)</sup><br>|
|  | 100000 | &nbsp;&nbsp;&nbsp; Series 2025-3A, Class C, 4.95%, due 2/20/2030 | &nbsp;&nbsp; 99694<br> <sup>(a)</sup><br>|
|  | 125000 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class C, 6.48%, due 6/20/2030 | &nbsp;&nbsp; 129729<br> <sup>(a)</sup><br>|
|  | 191589 | BOF VII AL Funding Trust I, Series 2023-CAR3, Class A2, 6.29%, due 7/26/2032 | &nbsp;&nbsp; 194962<br> <sup>(a)</sup><br>|
|  | 195000 | Exeter Automobile Receivables Trust, Series 2025-1A, Class D, 5.49%, due 5/15/2031 | &nbsp;&nbsp; 198177 |
|  | 95000 | GLS Auto Receivables Issuer Trust, Series 2025-2A, Class D, 5.59%, due 1/15/2031 | &nbsp;&nbsp; 96708<br> <sup>(a)</sup><br>|
|  |  | GLS Auto Select Receivables Trust |  |
|  | 30000 | &nbsp;&nbsp;&nbsp; Series 2024-4A, Class C, 4.75%, due 11/15/2030 | &nbsp;&nbsp; 30228<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Bond Portfolio^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Principal Amount** | **Value** |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Automobiles – cont'd** | **Automobiles – cont'd** | **Automobiles – cont'd** | **Automobiles – cont'd** |
| $| 30000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class B, 5.04%, due 2/15/2031 | &nbsp;&nbsp; $30519<br> <sup>(a)</sup><br>|
|  | 36000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class C, 5.26%, due 3/15/2031 | &nbsp;&nbsp; 36622<br> <sup>(a)</sup><br>|
|  | 79000 | &nbsp;&nbsp;&nbsp; Series 2024-4A, Class D, 5.28%, due 10/15/2031 | &nbsp;&nbsp; 80369<br> <sup>(a)</sup><br>|
|  | 130670 | Huntington Bank Auto Credit-Linked Notes, Series 2024-1, Class B1, 6.15%, due 5/20/2032 | &nbsp;&nbsp; 132811<br> <sup>(a)</sup><br>|
|  | 133000 | PenFed Auto Receivables Owner Trust, Series 2025-A, Class A3, 4.03%, due 7/15/2030 | &nbsp;&nbsp; 132818<br> <sup>(a)</sup><br>|
|  | 565000 | Prestige Auto Receivables Trust, Series 2021-1A, Class D, 2.08%, due 2/15/2028 | &nbsp;&nbsp; 558554<br> <sup>(a)</sup><br>|
|  |  | Santander Drive Auto Receivables Trust |  |
|  | 45000 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class C, 5.45%, due 3/15/2030 | &nbsp;&nbsp; 45606 |
|  | 219000 | &nbsp;&nbsp;&nbsp; Series 2025-1, Class D, 5.43%, due 3/17/2031 | &nbsp;&nbsp; 222264 |
|  | 197000 | &nbsp;&nbsp;&nbsp; Series 2025-2, Class C, 5.06%, due 5/15/2031 | &nbsp;&nbsp; 199641 |
|  |  | SCCU Auto Receivables Trust |  |
|  | 46000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A4, 4.68%, due 9/15/2031 | &nbsp;&nbsp; 46434<br> <sup>(a)</sup><br>|
|  | 42000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class B, 4.78%, due 12/15/2031 | &nbsp;&nbsp; 42301<br> <sup>(a)</sup><br>|
|  | 28000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class C, 5.08%, due 2/17/2032 | &nbsp;&nbsp; 28186<br> <sup>(a)</sup><br>|
|  | 63000 | SFS Auto Receivables Securitization Trust, Series 2024-1A, Class C, 5.51%, due 1/20/2032 | &nbsp;&nbsp; 64494<br> <sup>(a)</sup><br>|
|  | 70103 | U.S. Bank NA, Series 2023-1, Class B, 6.79%, due 8/25/2032 | &nbsp;&nbsp; 70918<br> <sup>(a)</sup><br>|
|  |  | Westlake Automobile Receivables Trust |  |
|  | 108000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class D, 5.54%, due 11/15/2030 | &nbsp;&nbsp; 110269<br> <sup>(a)</sup><br>|
|  | 120000 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class C, 4.85%, due 1/15/2031 | &nbsp;&nbsp; 120626<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **3020477** |
| **Home Equity 0.7%** | **Home Equity 0.7%** | **Home Equity 0.7%** | **Home Equity 0.7%** |
|  |  | JP Morgan Mortgage Trust |  |
|  | 83711 | &nbsp;&nbsp;&nbsp; Series 2023-HE2, Class A1, (30 day USD SOFR Average + 1.70%), 6.09%, due 3/20/2054 | &nbsp;&nbsp; 84155<br> <sup>(a)(c)</sup><br>|
|  | 72897 | &nbsp;&nbsp;&nbsp; Series 2023-HE3, Class M1, (30 day USD SOFR Average + 2.10%), 6.49%, due 5/20/2054 | &nbsp;&nbsp; 73395<br> <sup>(a)(c)</sup><br>|
|  | 69572 | &nbsp;&nbsp;&nbsp; Series 2024-HE1, Class A1, (30 day USD SOFR Average + 1.50%), 5.89%, due 8/25/2054 | &nbsp;&nbsp; 69795<br> <sup>(a)(c)</sup><br>|
|  | 42000 | &nbsp;&nbsp;&nbsp; Series 2024-HE1, Class M1, (30 day USD SOFR Average + 2.00%), 6.39%, due 8/25/2054 | &nbsp;&nbsp; 42269<br> <sup>(a)(c)</sup><br>|
|  |  | Towd Point Mortgage Trust |  |
|  | 142031 | &nbsp;&nbsp;&nbsp; Series 2024-CES1, Class A1A, 5.85%, due 1/25/2064 | &nbsp;&nbsp; 143030<br> <sup>(a)</sup><br>|
|  | 126160 | &nbsp;&nbsp;&nbsp; Series 2024-CES2, Class A1A, 6.13%, due 2/25/2064 | &nbsp;&nbsp; 127466<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **540110** |
| **Other 18.0%** | **Other 18.0%** | **Other 18.0%** | **Other 18.0%** |
|  | 101609 | Aqua Finance Trust, Series 2021-A, Class A, 1.54%, due 7/17/2046 | &nbsp;&nbsp; 94181<br> <sup>(a)</sup><br>|
|  | 95000 | Blue Stream Issuer LLC, Series 2024-1A, Class A2, 5.41%, due 11/20/2054 | &nbsp;&nbsp; 96084<br> <sup>(a)</sup><br>|
|  | 161601 | Business Jet Securities LLC, Series 2024-1A, Class A, 6.20%, due 5/15/2039 | &nbsp;&nbsp; 165566<br> <sup>(a)</sup><br>|
|  | 238555 | Castlelake Aircraft Structured Trust, Series 2025-1A, Class A, 5.78%, due 2/15/2050 | &nbsp;&nbsp; 242232<br> <sup>(a)</sup><br>|
|  | 110000 | CCG Receivables Trust, Series 2024-1, Class C, 5.22%, due 3/15/2032 | &nbsp;&nbsp; 111887<br> <sup>(a)</sup><br>|
|  |  | Cloud Capital Holdco LP |  |
|  | 110000 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A2, 5.78%, due 11/22/2049 | &nbsp;&nbsp; 111741<br> <sup>(a)</sup><br>|
|  | 71000 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class A2, 5.92%, due 11/22/2049 | &nbsp;&nbsp; 72464<br> <sup>(a)</sup><br>|
|  |  | Compass Datacenters Issuer II LLC |  |
|  | 145000 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A1, 5.25%, due 2/25/2049 | &nbsp;&nbsp; 146074<br> <sup>(a)</sup><br>|
|  | 100000 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class B, 7.00%, due 2/25/2049 | &nbsp;&nbsp; 102726<br> <sup>(a)</sup><br>|
|  | 94545 | Crockett Partners Equipment Co. IIA LLC, Series 2024-1C, Class A, 6.05%, due 1/20/2031 | &nbsp;&nbsp; 95854<br> <sup>(a)</sup><br>|
|  | 121000 | CyrusOne Data Centers Issuer I LLC, Series 2023-2A, Class A2, 5.56%, due 11/20/2048 | &nbsp;&nbsp; 122336<br> <sup>(a)</sup><br>|
|  | 165000 | Dell Equipment Finance Trust, Series 2024-1, Class C, 5.73%, due 3/22/2030 | &nbsp;&nbsp; 167895<br> <sup>(a)</sup><br>|
|  | 101931 | Elara HGV Timeshare Issuer LLC, Series 2023-A, Class A, 6.16%, due 2/25/2038 | &nbsp;&nbsp; 105278<br> <sup>(a)</sup><br>|
|  | 565000 | &nbsp;&nbsp; Fort Washington CLO Ltd., Series 2021-2A, Class A, (3 mo. USD Term SOFR + 1.48%), 5.81%, due <br> 10/20/2034<br>| &nbsp;&nbsp; 565965<br> <sup>(a)(c)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Bond Portfolio^ (Unaudited) (cont'd)

---

| | |
|:---|:---|
| **Principal Amount** | **Principal Amount** |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Other – cont'd** | **Other – cont'd** |
|  | Foundation Finance Trust |
| $90476 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class B, 4.93%, due 3/15/2050<br> &nbsp;&nbsp; $90661<br> <sup>(a)</sup><br>|
| 82048 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A, 4.95%, due 4/15/2050<br> &nbsp;&nbsp; 83105<br> <sup>(a)</sup><br>|
|  | Frontier Issuer LLC |
| 221000 | &nbsp;&nbsp;&nbsp; Series 2023-1, Class A2, 6.60%, due 8/20/2053<br> &nbsp;&nbsp; 224445<br> <sup>(a)</sup><br>|
| 64000 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class B, 7.02%, due 6/20/2054<br> &nbsp;&nbsp; 66740<br> <sup>(a)</sup><br>|
| 100000 | &nbsp;&nbsp; Gracie Point International Funding LLC, Series 2024-1A, Class A, (90 day USD SOFR Average + <br> 1.70%), 6.06%, due 3/1/2028<br>&nbsp;&nbsp; 100194<br> <sup>(a)(c)</sup><br>|
| 144000 | GreatAmerica Leasing Receivables Funding LLC, Series 2025-1, Class A3, 4.49%, due 4/16/2029<br> &nbsp;&nbsp; 145369<br> <sup>(a)</sup><br>|
|  | GreenSky Home Improvement Issuer Trust |
| 100000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class B, 5.39%, due 3/25/2060<br> &nbsp;&nbsp; 101390<br> <sup>(a)</sup><br>|
| 105000 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class B, 5.07%, due 6/25/2060<br> &nbsp;&nbsp; 105940<br> <sup>(a)</sup><br>|
| 117246 | GreenSky Home Improvement Trust, Series 2024-1, Class A4, 5.67%, due 6/25/2059<br> &nbsp;&nbsp; 119888<br> <sup>(a)</sup><br>|
|  | Hilton Grand Vacations Trust |
| 34913 | &nbsp;&nbsp;&nbsp; Series 2022-2A, Class A, 4.30%, due 1/25/2037<br> &nbsp;&nbsp; 34719<br> <sup>(a)</sup><br>|
| 34913 | &nbsp;&nbsp;&nbsp; Series 2022-2A, Class B, 4.74%, due 1/25/2037<br> &nbsp;&nbsp; 34791<br> <sup>(a)</sup><br>|
| 72352 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class C, 5.99%, due 3/25/2038<br> &nbsp;&nbsp; 73340<br> <sup>(a)</sup><br>|
| 51060 | &nbsp;&nbsp;&nbsp; Series 2024-1B, Class A, 5.75%, due 9/15/2039<br> &nbsp;&nbsp; 51888<br> <sup>(a)</sup><br>|
| 37019 | &nbsp;&nbsp;&nbsp; Series 2024-1B, Class B, 5.99%, due 9/15/2039<br> &nbsp;&nbsp; 37586<br> <sup>(a)</sup><br>|
| 21275 | &nbsp;&nbsp;&nbsp; Series 2024-1B, Class C, 6.62%, due 9/15/2039<br> &nbsp;&nbsp; 21783<br> <sup>(a)</sup><br>|
| 125747 | &nbsp;&nbsp;&nbsp; Series 2024-3A, Class A, 4.98%, due 8/27/2040<br> &nbsp;&nbsp; 126980<br> <sup>(a)</sup><br>|
| 113466 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class B, 4.73%, due 5/25/2044<br> &nbsp;&nbsp; 113808<br> <sup>(a)</sup><br>|
| 91505 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class C, 5.12%, due 5/25/2044<br> &nbsp;&nbsp; 91835<br> <sup>(a)</sup><br>|
| 100000 | Island Finance Trust, Series 2025-1A, Class A, 6.54%, due 3/19/2035<br> &nbsp;&nbsp; 101610<br> <sup>(a)</sup><br>|
| 204000 | Kubota Credit Owner Trust, Series 2025-1A, Class A3, 4.67%, due 6/15/2029<br> &nbsp;&nbsp; 206959<br> <sup>(a)</sup><br>|
| 164000 | MetroNet Infrastructure Issuer LLC, Series 2025-2A, Class A2, 5.40%, due 8/20/2055<br> &nbsp;&nbsp; 166450<br> <sup>(a)</sup><br>|
| 500000 | Milos CLO Ltd., Series 2017-1A, Class DR, (3 mo. USD Term SOFR + 3.01%), 7.34%, due 10/20/2030<br> &nbsp;&nbsp; 499140<br> <sup>(a)(c)</sup><br>|
|  | MVW LLC |
| 144656 | &nbsp;&nbsp;&nbsp; Series 2021-2A, Class A, 1.43%, due 5/20/2039<br> &nbsp;&nbsp; 136556<br> <sup>(a)</sup><br>|
| 100264 | &nbsp;&nbsp;&nbsp; Series 2021-2A, Class B, 1.83%, due 5/20/2039<br> &nbsp;&nbsp; 94967<br> <sup>(a)</sup><br>|
| 29045 | &nbsp;&nbsp;&nbsp; Series 2021-1WA, Class B, 1.44%, due 1/22/2041<br> &nbsp;&nbsp; 27971<br> <sup>(a)</sup><br>|
| 76404 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class B, 4.58%, due 3/20/2042<br> &nbsp;&nbsp; 75950<br> <sup>(a)</sup><br>|
| 76404 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class C, 4.92%, due 3/20/2042<br> &nbsp;&nbsp; 75211<br> <sup>(a)</sup><br>|
| 98755 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class B, 5.21%, due 9/22/2042<br> &nbsp;&nbsp; 100109<br> <sup>(a)</sup><br>|
| 88937 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class B, 5.51%, due 2/20/2043<br> &nbsp;&nbsp; 90432<br> <sup>(a)</sup><br>|
| 97923 | NRM FNT1 Excess LLC, Series 2024-FNT1, Class A, 7.40%, due 11/25/2031<br> &nbsp;&nbsp; 99595<br> <sup>(a)</sup><br>|
| 1100000 | OCP CLO Ltd., Series 2021-21A, Class D1R, (3 mo. USD Term SOFR + 2.65%), 6.98%, due 1/20/2038<br> &nbsp;&nbsp; 1102391<br> <sup>(a)(c)</sup><br>|
| 144326 | OWN Equipment Fund I LLC, Series 2024-2M, Class A, 5.70%, due 12/20/2032<br> &nbsp;&nbsp; 146400<br> <sup>(a)</sup><br>|
| 1000000 | &nbsp;&nbsp; Regatta XXVIII Funding Ltd., Series 2024-2A, Class A1, (3 mo. USD Term SOFR + 1.55%), 5.87%, due <br> 4/25/2037<br>&nbsp;&nbsp; 1003911<br> <sup>(a)(c)</sup><br>|
| 1900000 | RR 29 Ltd., Series 2024-29RA, Class A1R, (3 mo. USD Term SOFR + 1.39%), 5.71%, due 7/15/2039<br> &nbsp;&nbsp; 1905866<br> <sup>(a)(c)</sup><br>|
|  | Sierra Timeshare Receivables Funding LLC |
| 41101 | &nbsp;&nbsp;&nbsp; Series 2023-2A, Class C, 7.30%, due 4/20/2040<br> &nbsp;&nbsp; 42521<br> <sup>(a)</sup><br>|
| 57651 | &nbsp;&nbsp;&nbsp; Series 2023-3A, Class B, 6.44%, due 9/20/2040<br> &nbsp;&nbsp; 59381<br> <sup>(a)</sup><br>|
| 51731 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class C, 5.83%, due 6/20/2041<br> &nbsp;&nbsp; 52322<br> <sup>(a)</sup><br>|
| 106212 | &nbsp;&nbsp;&nbsp; Series 2024-3A, Class C, 5.32%, due 8/20/2041<br> &nbsp;&nbsp; 106648<br> <sup>(a)</sup><br>|
| 125292 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A, 4.81%, due 1/21/2042<br> &nbsp;&nbsp; 126611<br> <sup>(a)</sup><br>|
| 87124 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class C, 5.94%, due 1/20/2043<br> &nbsp;&nbsp; 88197<br> <sup>(a)</sup><br>|
| 155000 | Sotheby's Artfi Master Trust, Series 2024-1A, Class A1, 6.43%, due 12/22/2031<br> &nbsp;&nbsp; 156004<br> <sup>(a)</sup><br>|
| 263000 | Stack Infrastructure Issuer LLC, Series 2023-3A, Class A2, 5.90%, due 10/25/2048<br> &nbsp;&nbsp; 265534<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Bond Portfolio^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Other – cont'd** | **Other – cont'd** | **Other – cont'd** |
| 104145 | Taco Bell Funding LLC, Series 2021-1A, Class A2I, 1.95%, due 8/25/2051 | &nbsp;&nbsp; $100574<br> <sup>(a)</sup><br>|
| 131345 | Tesla Sustainable Energy Trust, Series 2024-1A, Class A2, 5.08%, due 6/21/2050 | &nbsp;&nbsp; 132269<br> <sup>(a)</sup><br>|
| 200000 | Trafigura Securitisation Finance PLC, Series 2024-1A, Class A2, 5.98%, due 11/15/2027 | &nbsp;&nbsp; 202763<br> <sup>(a)</sup><br>|
| 1300000 | &nbsp;&nbsp; Trestles CLO III Ltd., Series 2020-3A, Class D1R, (3 mo. USD Term SOFR + 3.15%), 7.48%, due <br> 10/20/2037<br>| &nbsp;&nbsp; 1311885<br> <sup>(a)(c)</sup><br>|
| 1100000 | &nbsp;&nbsp; Trestles CLO VI Ltd., Series 2023-6A, Class A1R, (3 mo. USD Term SOFR + 1.18%), 5.50%, due <br> 4/25/2038<br>| &nbsp;&nbsp; 1101635<br> <sup>(a)(c)</sup><br>|
| 128000 | Uniti Fiber ABS Issuer LLC, Series 2025-1A, Class A2, 5.88%, due 4/20/2055 | &nbsp;&nbsp; 131074<br> <sup>(a)</sup><br>|
| 199000 | Vantage Data Centers LLC, Series 2025-1A, Class A2, 5.13%, due 8/15/2055 | &nbsp;&nbsp; 200008<br> <sup>(a)</sup><br>|
| 183807 | Volofin Finance DAC, Series 2024-1A, Class A, 5.94%, due 6/15/2037 | &nbsp;&nbsp; 186694<br> <sup>(a)</sup><br>|
|  | Wireless PropCo Funding LLC |  |
| 45000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2, 4.07%, due 6/25/2055 | &nbsp;&nbsp; 43532<br> <sup>(a)</sup><br>|
| 40000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class B, 4.30%, due 6/25/2055 | &nbsp;&nbsp; 38184<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **14004099** |
| **Real Estate Investment Trusts 0.3%** | **Real Estate Investment Trusts 0.3%** | **Real Estate Investment Trusts 0.3%** |
| 216000 | American Tower Trust 1, 5.49%, due 3/15/2053 | &nbsp;&nbsp; **219908**<br> <sup>(a)</sup><br>|
| **Student Loan 1.2%** | **Student Loan 1.2%** | **Student Loan 1.2%** |
|  | Bayview Opportunity Master Fund VII LLC |  |
| 30459 | &nbsp;&nbsp;&nbsp; Series 2024-EDU1, Class C, (30 day USD SOFR Average + 1.80%), 6.16%, due 6/25/2047 | &nbsp;&nbsp; 30357<br> <sup>(a)(c)</sup><br>|
| 12945 | &nbsp;&nbsp;&nbsp; Series 2024-EDU1, Class D, (30 day USD SOFR Average + 2.75%), 7.11%, due 6/25/2047 | &nbsp;&nbsp; 13191<br> <sup>(a)(c)</sup><br>|
| 250000 | &nbsp;&nbsp;&nbsp; Series 2025-EDU1, Class C, (30 day USD SOFR Average + 1.80%), 6.13%, due 7/27/2048 | &nbsp;&nbsp; 250000<br> <sup>(a)(c)</sup><br>|
|  | Navient Private Education Refi Loan Trust |  |
| 308390 | &nbsp;&nbsp;&nbsp; Series 2021-EA, Class A, 0.97%, due 12/16/2069 | &nbsp;&nbsp; 277972<br> <sup>(a)</sup><br>|
| 238597 | &nbsp;&nbsp;&nbsp; Series 2021-FA, Class A, 1.11%, due 2/18/2070 | &nbsp;&nbsp; 212785<br> <sup>(a)</sup><br>|
| 149659 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A, 5.66%, due 10/15/2072 | &nbsp;&nbsp; 153683<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **937988** |
| **Total Asset-Backed Securities (Cost $18,577,867)** | **Total Asset-Backed Securities (Cost $18,577,867)** | &nbsp;&nbsp; **18722582** |
| **Corporate Bonds 39.6%** | **Corporate Bonds 39.6%** | **Corporate Bonds 39.6%** |
| **Advertising 0.1%** | **Advertising 0.1%** | **Advertising 0.1%** |
| 85000 | Neptune Bidco U.S., Inc., 9.29%, due 4/15/2029 | &nbsp;&nbsp; **83444**<br> <sup>(a)</sup><br>|
| **Aerospace & Defense 1.9%** | **Aerospace & Defense 1.9%** | **Aerospace & Defense 1.9%** |
|  | Boeing Co. |  |
| 480000 | &nbsp;&nbsp;&nbsp; 2.70%, due 2/1/2027 | &nbsp;&nbsp; 470217 |
| 380000 | &nbsp;&nbsp;&nbsp; 6.30%, due 5/1/2029 | &nbsp;&nbsp; 403274 |
| 570000 | L3Harris Technologies, Inc., 5.40%, due 1/15/2027 | &nbsp;&nbsp; 579351 |
|  |  | &nbsp;&nbsp; **1452842** |
| **Agriculture 0.4%** | **Agriculture 0.4%** | **Agriculture 0.4%** |
| 285000 | Philip Morris International, Inc., 4.13%, due 4/28/2028 | &nbsp;&nbsp; **285511** |
| **Airlines 1.1%** | **Airlines 1.1%** | **Airlines 1.1%** |
| 200000 | American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.75%, due 4/20/2029 | &nbsp;&nbsp; 200765<br> <sup>(a)</sup><br>|
| 625000 | Delta Air Lines, Inc., 4.95%, due 7/10/2028 | &nbsp;&nbsp; 632585 |
| 44583 | Delta Air Lines, Inc./SkyMiles IP Ltd., 4.50%, due 10/20/2025 | &nbsp;&nbsp; 44529<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **877879** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Bond Portfolio^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Auto Manufacturers 0.7%** | **Auto Manufacturers 0.7%** | **Auto Manufacturers 0.7%** |
|  | Ford Motor Credit Co. LLC |  |
| $20000 | &nbsp;&nbsp;&nbsp; 6.95%, due 6/10/2026 | &nbsp;&nbsp; $20260 |
| 190000 | &nbsp;&nbsp;&nbsp; 7.35%, due 11/4/2027 | &nbsp;&nbsp; 198168 |
| 65000 | &nbsp;&nbsp;&nbsp; 6.80%, due 5/12/2028 | &nbsp;&nbsp; 67508 |
| 160000 | &nbsp;&nbsp;&nbsp; 2.90%, due 2/10/2029 | &nbsp;&nbsp; 148244 |
|  | Nissan Motor Acceptance Co. LLC |  |
| 80000 | &nbsp;&nbsp;&nbsp; 5.63%, due 9/29/2028 | &nbsp;&nbsp; 80052<br> <sup>(a)</sup><br>|
| 65000 | &nbsp;&nbsp;&nbsp; 6.13%, due 9/30/2030 | &nbsp;&nbsp; 65022<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **579254** |
| **Banks 14.1%** | **Banks 14.1%** | **Banks 14.1%** |
|  | Bank of America Corp. |  |
| 810000 | &nbsp;&nbsp;&nbsp; 2.55%, due 2/4/2028 | &nbsp;&nbsp; 793299<br> <sup>(f)</sup><br>|
| 500000 | &nbsp;&nbsp;&nbsp; 4.62%, due 5/9/2029 | &nbsp;&nbsp; 506195<br> <sup>(f)</sup><br>|
|  | Barclays PLC |  |
| 465000 | &nbsp;&nbsp;&nbsp; 5.67%, due 3/12/2028 | &nbsp;&nbsp; 474043<br> <sup>(f)</sup><br>|
| 400000 | &nbsp;&nbsp;&nbsp; 4.84%, due 9/10/2028 | &nbsp;&nbsp; 404047<br> <sup>(f)</sup><br>|
|  | Citigroup, Inc. |  |
| 395000 | &nbsp;&nbsp;&nbsp; 4.79%, due 3/4/2029 | &nbsp;&nbsp; 400088<br> <sup>(f)</sup><br>|
| 865000 | &nbsp;&nbsp;&nbsp; 4.54%, due 9/19/2030 | &nbsp;&nbsp; 869025<br> <sup>(f)</sup><br>|
| 400000 | Fifth Third Bank NA, (Secured Overnight Financing Rate + 0.81%), 5.11%, due 1/28/2028 | &nbsp;&nbsp; 400573<br> <sup>(c)</sup><br>|
| 1035000 | Goldman Sachs Group, Inc., 1.95%, due 10/21/2027 | &nbsp;&nbsp; 1010640<br> <sup>(f)</sup><br>|
| 395000 | JPMorgan Chase & Co., 4.92%, due 1/24/2029 | &nbsp;&nbsp; 402121<br> <sup>(f)</sup><br>|
| 860000 | Lloyds Banking Group PLC, 5.09%, due 11/26/2028 | &nbsp;&nbsp; 875314<br> <sup>(f)</sup><br>|
| 240000 | M&T Bank Corp., 4.83%, due 1/16/2029 | &nbsp;&nbsp; 242972<br> <sup>(f)</sup><br>|
| 435000 | Manufacturers & Traders Trust Co., 4.70%, due 1/27/2028 | &nbsp;&nbsp; 440817 |
| 1020000 | Mizuho Financial Group, Inc., (Secured Overnight Financing Rate + 1.25%), 5.60%, due 7/8/2031 | &nbsp;&nbsp; 1027582<br> <sup>(c)</sup><br>|
|  | Morgan Stanley |  |
| 410000 | &nbsp;&nbsp;&nbsp; 1.59%, due 5/4/2027 | &nbsp;&nbsp; 403528<br> <sup>(f)</sup><br>|
| 160000 | &nbsp;&nbsp;&nbsp; 5.65%, due 4/13/2028 | &nbsp;&nbsp; 163583<br> <sup>(f)</sup><br>|
| 445000 | Morgan Stanley Bank NA, 5.02%, due 1/12/2029 | &nbsp;&nbsp; 452972<br> <sup>(f)</sup><br>|
|  | Truist Bank |  |
| 600000 | &nbsp;&nbsp;&nbsp; 4.67%, due 5/20/2027 | &nbsp;&nbsp; 601288<br> <sup>(f)</sup><br>|
| 595000 | &nbsp;&nbsp;&nbsp; 4.42%, due 7/24/2028 | &nbsp;&nbsp; 597539<br> <sup>(f)</sup><br>|
| 350000 | Truist Financial Corp., 5.90%, due 10/28/2026 | &nbsp;&nbsp; 350290<br> <sup>(f)</sup><br>|
| 500000 | Wells Fargo & Co., 5.15%, due 4/23/2031 | &nbsp;&nbsp; 515650<br> <sup>(f)</sup><br>|
|  |  | &nbsp;&nbsp; **10931566** |
| **Building Materials 0.1%** | **Building Materials 0.1%** | **Building Materials 0.1%** |
| 40000 | Camelot Return Merger Sub, Inc., 8.75%, due 8/1/2028 | &nbsp;&nbsp; **38700**<br> <sup>(a)</sup><br>|
| **Chemicals 0.7%** | **Chemicals 0.7%** | **Chemicals 0.7%** |
|  | Olympus Water U.S. Holding Corp. |  |
| 170000 | &nbsp;&nbsp;&nbsp; 7.13%, due 10/1/2027 | &nbsp;&nbsp; 173017<br> <sup>(a)</sup><br>|
| 115000 | &nbsp;&nbsp;&nbsp; 9.75%, due 11/15/2028 | &nbsp;&nbsp; 120693<br> <sup>(a)</sup><br>|
| 190000 | SCIL IV LLC/SCIL USA Holdings LLC, 5.38%, due 11/1/2026 | &nbsp;&nbsp; 189847<br> <sup>(a)</sup><br>|
| 53000 | WR Grace Holdings LLC, 4.88%, due 6/15/2027 | &nbsp;&nbsp; 52671<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **536228** |
| **Commercial Services 0.3%** | **Commercial Services 0.3%** | **Commercial Services 0.3%** |
| 85000 | Champions Financing, Inc., 8.75%, due 2/15/2029 | &nbsp;&nbsp; 82089<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Bond Portfolio^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Commercial Services – cont'd** | **Commercial Services – cont'd** | **Commercial Services – cont'd** |
| 105000 | Veritiv Operating Co., 10.50%, due 11/30/2030 | &nbsp;&nbsp; $112689<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **194778** |
| **Computers 0.2%** | **Computers 0.2%** | **Computers 0.2%** |
| 130000 | ASGN, Inc., 4.63%, due 5/15/2028 | &nbsp;&nbsp; **127610**<br> <sup>(a)</sup><br>|
| **Distribution - Wholesale 0.2%** | **Distribution - Wholesale 0.2%** | **Distribution - Wholesale 0.2%** |
| 140000 | Resideo Funding, Inc., 4.00%, due 9/1/2029 | &nbsp;&nbsp; **133729**<br> <sup>(a)</sup><br>|
| **Diversified Financial Services 2.0%** | **Diversified Financial Services 2.0%** | **Diversified Financial Services 2.0%** |
| 380000 | AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 4.88%, due 4/1/2028 | &nbsp;&nbsp; 385822 |
| 140000 | Ally Financial, Inc., 5.74%, due 5/15/2029 | &nbsp;&nbsp; 143302<br> <sup>(f)</sup><br>|
|  | Capital One Financial Corp. |  |
| 380000 | &nbsp;&nbsp;&nbsp; 3.75%, due 3/9/2027 | &nbsp;&nbsp; 377894 |
| 380000 | &nbsp;&nbsp;&nbsp; 6.31%, due 6/8/2029 | &nbsp;&nbsp; 398624<br> <sup>(f)</sup><br>|
| 95000 | OneMain Finance Corp., 6.13%, due 5/15/2030 | &nbsp;&nbsp; 96205 |
| 140000 | Provident Funding Associates LP/PFG Finance Corp., 9.75%, due 9/15/2029 | &nbsp;&nbsp; 147929<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **1549776** |
| **Electric 2.1%** | **Electric 2.1%** | **Electric 2.1%** |
| 295000 | Alpha Generation LLC, 6.75%, due 10/15/2032 | &nbsp;&nbsp; 304526<br> <sup>(a)</sup><br>|
| 90000 | Calpine Corp., 4.50%, due 2/15/2028 | &nbsp;&nbsp; 89620<br> <sup>(a)</sup><br>|
|  | NextEra Energy Capital Holdings, Inc. |  |
| 90000 | &nbsp;&nbsp;&nbsp; 4.69%, due 9/1/2027 | &nbsp;&nbsp; 90979 |
| 425000 | &nbsp;&nbsp;&nbsp; (Secured Overnight Financing Rate Index + 0.80%), 5.08%, due 2/4/2028 | &nbsp;&nbsp; 428620<br> <sup>(c)</sup><br>|
| 80000 | NRG Energy, Inc., 10.25%, due 3/15/2028 | &nbsp;&nbsp; 87229<br> <sup>(a)(f)(g)</sup><br>|
| 202000 | NYSEG Storm Funding LLC, 4.71%, due 5/1/2029 | &nbsp;&nbsp; 203638 |
| 200000 | Pacific Gas & Electric Co., 5.00%, due 6/4/2028 | &nbsp;&nbsp; 202785 |
| 200000 | Vistra Corp., 7.00%, due 12/15/2026 | &nbsp;&nbsp; 203054<br> <sup>(a)(f)(g)</sup><br>|
|  |  | &nbsp;&nbsp; **1610451** |
| **Engineering & Construction 0.0%**<sup>‡</sup> | **Engineering & Construction 0.0%**<sup>‡</sup> | **Engineering & Construction 0.0%**<sup>‡</sup> |
| 40000 | Artera Services LLC, 8.50%, due 2/15/2031 | &nbsp;&nbsp; **35347**<br> <sup>(a)</sup><br>|
| **Entertainment 0.1%** | **Entertainment 0.1%** | **Entertainment 0.1%** |
| 75000 | Caesars Entertainment, Inc., 7.00%, due 2/15/2030 | &nbsp;&nbsp; **77146**<br> <sup>(a)</sup><br>|
| **Food 0.4%** | **Food 0.4%** | **Food 0.4%** |
| 285000 | Mars, Inc., 4.60%, due 3/1/2028 | &nbsp;&nbsp; **288485**<br> <sup>(a)</sup><br>|
| **Food Service 0.1%** | **Food Service 0.1%** | **Food Service 0.1%** |
| 115000 | TKC Holdings, Inc., 6.88%, due 5/15/2028 | &nbsp;&nbsp; **115985**<br> <sup>(a)</sup><br>|
| **Healthcare - Products 0.2%** | **Healthcare - Products 0.2%** | **Healthcare - Products 0.2%** |
| 70000 | Bausch & Lomb Corp., 8.38%, due 10/1/2028 | &nbsp;&nbsp; 72953<br> <sup>(a)</sup><br>|
| 80000 | Medline Borrower LP, 5.25%, due 10/1/2029 | &nbsp;&nbsp; 79308<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **152261** |
| **Insurance 1.8%** | **Insurance 1.8%** | **Insurance 1.8%** |
| 220000 | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 6.75%, due 10/15/2027 | &nbsp;&nbsp; 220474<br> <sup>(a)</sup><br>|
| 675000 | Athene Global Funding, 4.95%, due 1/7/2027 | &nbsp;&nbsp; 680800<br> <sup>(a)</sup><br>|
| 80000 | HUB International Ltd., 5.63%, due 12/1/2029 | &nbsp;&nbsp; 79919<br> <sup>(a)</sup><br>|
| 400000 | Principal Life Global Funding II, (Secured Overnight Financing Rate + 0.81%), 5.06%, due 8/18/2028 | &nbsp;&nbsp; 400879<br> <sup>(a)(c)</sup><br>|
|  |  | &nbsp;&nbsp; **1382072** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Bond Portfolio^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Internet 0.5%** | **Internet 0.5%** | **Internet 0.5%** |
| $410000 | Uber Technologies, Inc., 4.50%, due 8/15/2029 | &nbsp;&nbsp; **$408837**<br> <sup>(a)</sup><br>|
| **Leisure Time 0.1%** | **Leisure Time 0.1%** | **Leisure Time 0.1%** |
| 80000 | Viking Cruises Ltd., 7.00%, due 2/15/2029 | &nbsp;&nbsp; **80404**<br> <sup>(a)</sup><br>|
| **Machinery - Construction & Mining 0.2%** | **Machinery - Construction & Mining 0.2%** | **Machinery - Construction & Mining 0.2%** |
| 165000 | Manitowoc Co., Inc., 9.25%, due 10/1/2031 | &nbsp;&nbsp; **173120**<br> <sup>(a)</sup><br>|
| **Media 0.6%** | **Media 0.6%** | **Media 0.6%** |
|  | CCO Holdings LLC/CCO Holdings Capital Corp. |  |
| 80000 | &nbsp;&nbsp;&nbsp; 5.50%, due 5/1/2026 | &nbsp;&nbsp; 79905<br> <sup>(a)</sup><br>|
| 80000 | &nbsp;&nbsp;&nbsp; 5.13%, due 5/1/2027 | &nbsp;&nbsp; 79463<br> <sup>(a)</sup><br>|
| 210000 | CSC Holdings LLC, 5.50%, due 4/15/2027 | &nbsp;&nbsp; 199317<br> <sup>(a)</sup><br>|
| 120000 | Sirius XM Radio LLC, 4.00%, due 7/15/2028 | &nbsp;&nbsp; 115953<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **474638** |
| **Mining 0.1%** | **Mining 0.1%** | **Mining 0.1%** |
| 80000 | Novelis Corp., 6.88%, due 1/30/2030 | &nbsp;&nbsp; **82958**<br> <sup>(a)</sup><br>|
| **Oil & Gas 1.2%** | **Oil & Gas 1.2%** | **Oil & Gas 1.2%** |
| 205000 | Comstock Resources, Inc., 6.75%, due 3/1/2029 | &nbsp;&nbsp; 203770<br> <sup>(a)</sup><br>|
| 600000 | Diamondback Energy, Inc., 5.20%, due 4/18/2027 | &nbsp;&nbsp; 608613 |
| 120000 | Hilcorp Energy I LP/Hilcorp Finance Co., 6.25%, due 11/1/2028 | &nbsp;&nbsp; 120296<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **932679** |
| **Oil & Gas Services 0.1%** | **Oil & Gas Services 0.1%** | **Oil & Gas Services 0.1%** |
| 80000 | Aris Water Holdings LLC, 7.25%, due 4/1/2030 | &nbsp;&nbsp; **84457**<br> <sup>(a)</sup><br>|
| **Packaging & Containers 0.4%** | **Packaging & Containers 0.4%** | **Packaging & Containers 0.4%** |
| 305000 | Mauser Packaging Solutions Holding Co., 7.88%, due 4/15/2027 | &nbsp;&nbsp; **307990**<br> <sup>(a)</sup><br>|
| **Pharmaceuticals 1.0%** | **Pharmaceuticals 1.0%** | **Pharmaceuticals 1.0%** |
| 740000 | CVS Health Corp., 4.30%, due 3/25/2028 | &nbsp;&nbsp; 740488 |
| 40000 | Grifols SA, 4.75%, due 10/15/2028 | &nbsp;&nbsp; 38854<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **779342** |
| **Pipelines 3.1%** | **Pipelines 3.1%** | **Pipelines 3.1%** |
|  | Enbridge, Inc. |  |
| 174000 | &nbsp;&nbsp;&nbsp; 5.25%, due 4/5/2027 | &nbsp;&nbsp; 176632 |
| 140000 | &nbsp;&nbsp;&nbsp; 4.60%, due 6/20/2028 | &nbsp;&nbsp; 141644 |
| 485000 | Energy Transfer LP, 6.05%, due 12/1/2026 | &nbsp;&nbsp; 494039 |
| 150000 | Genesis Energy LP/Genesis Energy Finance Corp., 8.25%, due 1/15/2029 | &nbsp;&nbsp; 156437 |
| 620000 | Kinder Morgan, Inc., 5.00%, due 2/1/2029 | &nbsp;&nbsp; 633964 |
| 375000 | Plains All American Pipeline LP/PAA Finance Corp., 4.65%, due 10/15/2025 | &nbsp;&nbsp; 375002 |
| 280000 | Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., 6.00%, due 3/1/2027 | &nbsp;&nbsp; 279934<br> <sup>(a)</sup><br>|
| 160000 | Venture Global LNG, Inc., 8.13%, due 6/1/2028 | &nbsp;&nbsp; 165611<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **2423263** |
| **Real Estate Investment Trusts 1.2%** | **Real Estate Investment Trusts 1.2%** | **Real Estate Investment Trusts 1.2%** |
| 445000 | American Tower Corp., 1.45%, due 9/15/2026 | &nbsp;&nbsp; 434216 |
| 190000 | Global Net Lease, Inc., 4.50%, due 9/30/2028 | &nbsp;&nbsp; 185865<br> <sup>(a)</sup><br>|
| 115000 | &nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer, 5.88%, due <br> 10/1/2028<br>| &nbsp;&nbsp; 114783<br> <sup>(a)</sup><br>|
| 110000 | Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC, 10.50%, due 2/15/2028 | &nbsp;&nbsp; 115852<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Bond Portfolio^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Real Estate Investment Trusts – cont'd** | **Real Estate Investment Trusts – cont'd** | **Real Estate Investment Trusts – cont'd** |
| 45000 | XHR LP, 6.63%, due 5/15/2030 | &nbsp;&nbsp; $46236<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **896952** |
| **Semiconductors 1.6%** | **Semiconductors 1.6%** | **Semiconductors 1.6%** |
|  | Broadcom, Inc. |  |
| 338000 | &nbsp;&nbsp;&nbsp; 5.05%, due 7/12/2027 | &nbsp;&nbsp; 343838 |
| 135000 | &nbsp;&nbsp;&nbsp; 4.60%, due 7/15/2030 | &nbsp;&nbsp; 137041 |
| 365000 | Foundry JV Holdco LLC, 5.90%, due 1/25/2030 | &nbsp;&nbsp; 384895<br> <sup>(a)</sup><br>|
| 400000 | Intel Corp., 3.75%, due 8/5/2027 | &nbsp;&nbsp; 396922 |
|  |  | &nbsp;&nbsp; **1262696** |
| **Software 0.9%** | **Software 0.9%** | **Software 0.9%** |
| 170000 | AthenaHealth Group, Inc., 6.50%, due 2/15/2030 | &nbsp;&nbsp; 168609<br> <sup>(a)</sup><br>|
| 80000 | Cloud Software Group, Inc., 6.50%, due 3/31/2029 | &nbsp;&nbsp; 80722<br> <sup>(a)</sup><br>|
| 465000 | Oracle Corp., 4.45%, due 9/26/2030 | &nbsp;&nbsp; 464772 |
|  |  | &nbsp;&nbsp; **714103** |
| **Telecommunications 2.1%** | **Telecommunications 2.1%** | **Telecommunications 2.1%** |
| 790000 | AT&T, Inc., 4.70%, due 8/15/2030 | &nbsp;&nbsp; 803445 |
| 270000 | NTT Finance Corp., (Secured Overnight Financing Rate + 1.08%), 5.41%, due 7/16/2028 | &nbsp;&nbsp; 272829<br> <sup>(a)(c)</sup><br>|
| 450000 | T-Mobile USA, Inc., 3.75%, due 4/15/2027 | &nbsp;&nbsp; 447325 |
| 127055 | Zayo Group Holdings, Inc., 9.25%, due 3/9/2030 | &nbsp;&nbsp; 121655<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **1645254** |
| **Total Corporate Bonds (Cost $30,341,031)** | **Total Corporate Bonds (Cost $30,341,031)** | &nbsp;&nbsp; **30719757** |
| **Loan Assignments**<sup>(c)</sup> **2.4%** | **Loan Assignments**<sup>(c)</sup> **2.4%** | **Loan Assignments**<sup>(c)</sup> **2.4%** |
| **Construction Materials 0.2%** | **Construction Materials 0.2%** | **Construction Materials 0.2%** |
| 198500 | Quikrete Holdings, Inc., Term Loan B1, (1 mo. USD Term SOFR + 2.25%), 6.41%, due 4/14/2031 | &nbsp;&nbsp; **198387** |
| **Health Care Providers & Services 0.5%** | **Health Care Providers & Services 0.5%** | **Health Care Providers & Services 0.5%** |
| 199000 | CNT Holdings I Corp., Term Loan, (3 mo. USD Term SOFR + 2.25%), 6.56%, due 11/8/2032 | &nbsp;&nbsp; 198827 |
| 206850 | Star Parent, Inc., Term Loan B, (3 mo. USD Term SOFR + 4.00%), 8.00%, due 9/27/2030 | &nbsp;&nbsp; 206763 |
|  |  | &nbsp;&nbsp; **405590** |
| **Independent Power & Renewable Electricity Producers 0.2%** | **Independent Power & Renewable Electricity Producers 0.2%** | **Independent Power & Renewable Electricity Producers 0.2%** |
| 189000 | &nbsp;&nbsp; Cogentrix Finance Holdco I LLC, Term Loan B, (1 mo. USD Term SOFR + 2.25%), 6.41%, due <br> 2/26/2032<br>| &nbsp;&nbsp; **189236** |
| **Insurance 0.5%** | **Insurance 0.5%** | **Insurance 0.5%** |
| 168095 | HUB International Ltd., Term Loan B, (3 mo. USD Term SOFR + 2.25%), 6.58%, due 6/20/2030 | &nbsp;&nbsp; 168299 |
| 198496 | USI, Inc., Term Loan C, (3 mo. USD Term SOFR + 2.25%), 6.25%, due 9/29/2030 | &nbsp;&nbsp; 198179 |
|  |  | &nbsp;&nbsp; **366478** |
| **Leisure Products 0.2%** | **Leisure Products 0.2%** | **Leisure Products 0.2%** |
| 198500 | SRAM LLC, Term Loan B, (1 mo. USD Term SOFR + 2.00%), 6.16%, due 2/27/2032 | &nbsp;&nbsp; **197011** |
| **Media 0.3%** | **Media 0.3%** | **Media 0.3%** |
| 199000 | &nbsp;&nbsp; ABG Intermediate Holdings 2 LLC, Term Loan, (1 mo. USD Term SOFR + 2.25%), 6.41%, due <br> 2/13/2032<br>| &nbsp;&nbsp; **198586** |
| **Passenger Airlines 0.1%** | **Passenger Airlines 0.1%** | **Passenger Airlines 0.1%** |
| 58354 | American Airlines, Inc., Term Loan, (3 mo. USD Term SOFR + 2.25%), 6.58%, due 4/20/2028 | &nbsp;&nbsp; **58232** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Bond Portfolio^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Specialty Retail 0.1%** | **Specialty Retail 0.1%** | **Specialty Retail 0.1%** |
| $87798 | &nbsp;&nbsp; Petco Health & Wellness Co., Inc., Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.51%, due <br> 3/3/2028<br>| &nbsp;&nbsp; **$85435** |
| **Transportation Infrastructure 0.3%** | **Transportation Infrastructure 0.3%** | **Transportation Infrastructure 0.3%** |
| 198500 | KKR Apple Bidco LLC, Term Loan, (1 mo. USD Term SOFR + 2.50%), 6.66%, due 9/23/2031 | &nbsp;&nbsp; **198429** |
| **Total Loan Assignments (Cost $1,892,277)** | **Total Loan Assignments (Cost $1,892,277)** | &nbsp;&nbsp; **1897384** |
| **Number of Shares** | **Number of Shares** |  |
| **Short-Term Investments 1.1%** | **Short-Term Investments 1.1%** | **Short-Term Investments 1.1%** |
| **Investment Companies 1.1%** | **Investment Companies 1.1%** | **Investment Companies 1.1%** |
| 830785 | &nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund Premier Class, <br> 4.09%<sup>(h)</sup> **(Cost $830,785)**<br>| &nbsp;&nbsp; **830785** |
| **Total Investments 98.4% (Cost $76,709,394)** | **Total Investments 98.4% (Cost $76,709,394)** | &nbsp;&nbsp; **76344716** |
| Other Assets Less Liabilities 1.6% | Other Assets Less Liabilities 1.6% | &nbsp;&nbsp; 1228618<br> <sup>(i)</sup><br>|
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp; **$77573334** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;‡ Represents less than 0.05% of net assets of the Fund.

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended,
 or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from
 registration, may only be sold to qualified institutional investors or may have other restrictions on resale.
 At September 30, 2025, these securities amounted to $41,737,361, which represents 53.8% of net assets of
 the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Variable or floating rate security where the stated interest rate is not based on
 a published reference rate and spread. Rather, the interest rate adjusts periodically based on changes in current
 interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current
 rate as of September 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Variable or floating rate security. The interest rate shown was the current rate as
 of September 30, 2025 and changes periodically.

&nbsp;&nbsp;&nbsp;&nbsp;(d) When-issued security. Total value of all such securities at September 30, 2025 amounted
 to $120,200, which represents 0.2% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Interest only security. These securities represent the right to receive the monthly
 interest payments on an underlying pool of mortgages. Payments of principal on the pool reduce the value of
 the "interest only" holding.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Security issued at a fixed coupon rate, which converts to a variable rate at a future
 date. Rate shown is the rate in effect as of period end.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Perpetual security. Perpetual securities have no stated maturity date, but they may
 be called/redeemed by the issuer. The date shown reflects the next call date.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Represents 7-day effective yield as of September 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Includes the impact of the Fund's open positions in derivatives at September 30, 2025.

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Bond Portfolio^ (Unaudited) (cont'd)

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

---

| | | |
|:---|:---|:---|
| **POSITIONS BY COUNTRY** | **POSITIONS BY COUNTRY** | **POSITIONS BY COUNTRY** |
| **Country** | **Investments at** <br>**Value**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Percentage of** <br>**Net Assets**<br>|
| United States | $63836914 | 82.3% |
| Cayman Islands | 7490793 | 9.6% |
| United Kingdom | 1753404 | 2.3% |
| Japan | 1300411 | 1.7% |
| Ireland | 775279 | 1.0% |
| Canada | 318276 | 0.4% |
| Other countries, each representing less than 0.05% of net assets of the Fund | 38854 | 0.0% |
| Short-Term Investments and Other Assets—Net | 2059403 | 2.7% |
|  | **$77573334** | **100.0%** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Bond Portfolio^ (Unaudited) (cont'd)

Derivative Instruments

**Futures contracts ("futures")**

At September 30, 2025, open positions in futures for the Fund were as follows:

**Long Futures:**<br>

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Expiration** <br>**Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Number of** <br>**Contracts**<br>| **Open Contracts** | &nbsp;&nbsp;&nbsp;&nbsp; **Notional** <br>**Amount**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Value and** <br>**Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| 12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219 | U.S. Treasury Note, 2 Year | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $45639258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $17206 |
| **Total Long Positions** | **Total Long Positions** | **Total Long Positions** | &nbsp;&nbsp;&nbsp;&nbsp; **$45639258** | &nbsp;&nbsp;&nbsp;&nbsp; **$17206** |

---

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

**Short Futures:**<br>

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Expiration** <br>**Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Number of** <br>**Contracts**<br>| **Open Contracts** | &nbsp;&nbsp;&nbsp;&nbsp; **Notional** <br>**Amount**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Value and** <br>**Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| 12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 | U.S. Treasury Long Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(466375)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(9086)<br>|
| 12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 | U.S. Treasury Note, 10 Year | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1462500)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6627)<br>|
| 12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88 | U.S. Treasury Note, 5 Year | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9609188)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10142)<br>|
| 12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 | U.S. Treasury Note, Ultra 10 Year | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1496016)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14549)<br>|
| 12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | U.S. Treasury Ultra Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (120062)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3041)<br>|
| **Total Short Positions** | **Total Short Positions** | **Total Short Positions** | &nbsp;&nbsp;&nbsp;&nbsp; **$(13154141)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **$(43445)**<br>|
| **Total Futures** | **Total Futures** | **Total Futures** |  | &nbsp;&nbsp;&nbsp;&nbsp; **$(26239)**<br>|

---

The following is a summary, categorized by Level (see the Notes to Schedule of Investments), of inputs used to value the Fund's investments as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Investments: |  |  |  |  |
| Mortgage-Backed Securities<sup>#</sup> <br>| $— | $24174208 | $— | $24174208 |
| Asset-Backed Securities<sup>#</sup> <br>|  | 18722582 |  | 18722582 |
| Corporate Bonds<sup>#</sup> <br>|  | 30719757 |  | 30719757 |
| Loan Assignments<sup>#</sup> <br>|  | 1897384 |  | 1897384 |
| Short-Term Investments |  | 830785 |  | 830785 |
| **Total Investments** | **$—** | **$76344716** | **$—** | **$76344716** |

---

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

# The Schedule of Investments provides information on the industry or sector categorization as well as a Positions by Country summary.

The following is a summary, categorized by Level (see the Notes to Schedule of Investments), of inputs used to value the Fund's derivatives as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Other Financial Instruments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Futures<sup>@</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets | $17206 | $— | $— | $17206 |
| &nbsp;&nbsp;&nbsp; Liabilities | (43445)<br>|  |  | (43445)<br>|
| **Total** | **$(26239)**<br>| **$—** | **$—** | **$(26239)**<br>|

---

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

@ Futures are reported at the cumulative unrealized appreciation/(depreciation) of the instrument.

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Schedule of Investments

------

September 30, 2025

Notes to Schedule of Investments Advisers Management Trust (Unaudited)

In accordance with Accounting Standards Codification 820 "Fair Value Measurement" ("ASC 820"), all investments held by each of Neuberger Berman Advisers Management Trust: Mid Cap Growth Portfolio, Mid Cap Intrinsic Value Portfolio, Quality Equity Portfolio (formerly known as Sustainable Equity Portfolio), and Short Duration Bond Portfolio (each individually a "Fund," and collectively, the "Funds") are carried at the value that Management believes a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs, including the volume and level of activity for the asset or liability in the market, are considered in valuing the Funds' investments, some of which are discussed below. At times, Management may need to apply significant judgment to value investments in accordance with ASC 820.

ASC 820 established a three-tier hierarchy of inputs to create a classification of value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – unadjusted quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – other observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – unobservable inputs (including a Fund's own assumptions in determining the fair value of investments)

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

The value of the Funds' investments in equity securities and preferred stocks, for which market quotations are readily available, is generally determined by Management by obtaining valuations from independent pricing services based on the latest sale price quoted on a principal exchange or market for that security (Level 1 inputs). Securities traded primarily on the NASDAQ Stock Market are normally valued at the NASDAQ Official Closing Price ("NOCP") provided by NASDAQ each business day. The NOCP is the most recently reported price as of 4:00:02 p.m., Eastern Time, unless that price is outside the range of the "inside" bid and asked prices (i.e., the bid and asked prices that dealers quote to each other when trading for their own accounts); in that case, NASDAQ will adjust the price to equal the inside bid or asked price, whichever is closer. Because of delays in reporting trades, the NOCP may not be based on the price of the last trade to occur before the market closes. If there is no sale of a security on a particular day, the independent pricing services may value the security based on market quotations.

The value of the Funds' investments in debt securities is determined by Management primarily by obtaining valuations from independent pricing services based on bid quotations, or if quotations are not available, by methods that include various considerations based on security type (generally Level 2 inputs). In addition to the consideration of yields or prices of securities of comparable quality, coupon, maturity and type, indications as to values from dealers, and general market conditions, the following is a description of other Level 2 inputs and related valuation techniques used by independent pricing services to value certain types of debt securities held by the Funds:

*Corporate Bonds.* Inputs used to value corporate debt securities generally include relevant credit information, observed market movements, sector news, U.S. Treasury yield curve or relevant benchmark curve, and other market information, which may include benchmark yield curves, reported trades, broker-dealer quotes, issuer spreads, comparable securities, and reference data, such as market research publications, when available ("Other Market Information").

*Collateralized Loan Obligations (CLOs)*. The value of collateralized loan obligations is primarily determined by cash flow data, relevant loan pricing data and market color, and research from market participants and trading desks (Level 2 or 3 inputs).

For information on the Funds' significant accounting policies, please refer to the Funds' most recent financial statements and other information.

------

Notes to Schedule of Investments Advisers Management Trust (Unaudited) (cont'd)

*Asset-Backed Securities and Mortgage-Backed Securities.* Inputs used to value asset-backed securities and mortgage-backed securities generally include models that consider a number of factors, which may include the following: prepayment speeds, cash flows, spread adjustments and Other Market Information.

The value of loan assignments is determined by Management primarily by obtaining valuations from independent pricing services based on broker quotes (generally Level 2 or Level 3 inputs depending on the number of quotes available).

The value of futures contracts is determined by Management by obtaining valuations from independent pricing services at the settlement price at the market close (Level 1 inputs).

Management has developed a process to periodically review information provided by independent pricing services for all types of securities.

Certificates of deposit are valued at amortized cost (Level 2 inputs).

Investments in non-exchange traded investment companies are valued using the respective fund's daily calculated net asset value per share (Level 2 inputs), when available.

If a valuation is not available from an independent pricing service, or if Management has reason to believe that the valuation received does not represent the amount a Fund might reasonably expect to receive on a current sale in an orderly transaction, Management seeks to obtain quotations from brokers or dealers (generally considered Level 2 or Level 3 inputs depending on the number of quotes available). If such quotations are not available, the security is valued using methods Management has approved in the good-faith belief that the resulting valuation will reflect the fair value of the security. Pursuant to Rule 2a-5 under the Investment Company Act of 1940, the Funds' Board of Trustees designated Management as the Funds' valuation designee. As the Funds' valuation designee, Management is responsible for determining fair value in good faith for all Fund investments. Inputs and assumptions considered in determining fair value of a security based on Level 2 or Level 3 inputs may include, but are not limited to, the type of security; the initial cost of the security; the existence of any contractual restrictions on the security's disposition; the price and extent of public trading in similar securities of the issuer or of comparable companies; quotations or evaluated prices from broker-dealers or pricing services; information obtained from the issuer and analysts; an analysis of the company's or issuer's financial statements; an evaluation of the inputs that influence the issuer and the market(s) in which the security is purchased and sold.

The value of the Funds' investments in foreign securities is generally determined using the same valuation methods and inputs as other Fund investments, as discussed above. Foreign security prices expressed in local currency values are normally translated from the local currency into U.S. dollars using the exchange rates as of 4:00 p.m., Eastern Time on days the New York Stock Exchange is open for business. Management has approved the use of ICE Data Services ("ICE") to assist in determining the fair value of foreign equity securities when changes in the value of a certain index suggest that the closing prices on the foreign exchanges may no longer represent the amount that a Fund could expect to receive for those securities or when foreign markets are closed and U.S. markets are open. In each of these events, ICE will provide adjusted prices for certain foreign equity securities using a statistical analysis of historical correlations of multiple factors (Level 2 inputs). In the absence of precise information about the market values of these foreign securities as of the time at which a Fund's share price is calculated, Management has determined based on available data that prices adjusted or evaluated in this way are likely to be closer to the prices a Fund could realize on a current sale than the prices of those securities established at the close of the foreign markets in which the securities primarily trade.

Fair value prices are necessarily estimates, and there is no assurance that such a price will be at or close to the price at which the security is next quoted or traded.

For information on the Funds' significant accounting policies, please refer to the Funds' most recent financial statements and other information.

------

Notes to Schedule of Investments Advisers Management Trust (Unaudited) (cont'd)

Legend

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

---

| | |
|:---|:---|
| **Other Abbreviations:** | **Other Abbreviations:** |
| Management | = Neuberger Berman Investment Advisers LLC |
| **Reference Rate Benchmarks:** | **Reference Rate Benchmarks:** |
| SOFR | = Secured Overnight Financing Rate |

---

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

---

| | |
|:---|:---|
| **Currency Abbreviations:** | **Currency Abbreviations:** |
| USD | = United States Dollar |

---

For information on the Funds' significant accounting policies, please refer to the Funds' most recent financial statements and other information.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST

- **b. Investment Company Act file number:** 811-04255

- **c. CIK number of Registrant:** 0000736913

- **d. LEI of Registrant:** 549300CYPOWBML1O3684

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

  - **Street Address 1:** 1290 AVENUE OF THE AMERICAS

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10104

  - **Telephone number:** 212-476-8800

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

- **a. Name of Series:** Mid Cap Intrinsic Value Portfolio

- **b. EDGAR series identifier (if any):** S000008201

- **c. LEI of Series:** 5493000VXXUKBL07Q549

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $131168977.32

**Total Liabilities:** $203391.41

**Net Assets:** $130965585.91

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000022327 | 2.35%                | 4.05%                | 3.05%                |
| Class ID C000022326 | 2.35%                | 4.10%                | 3.07%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1771237.83              | $733581.61                                 |
| Month 2  | $1747470.41              | $3191263.87                                |
| Month 3  | $1042151.46              | $2774853.01                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Charles River Laboratories International Inc | Charles River Laboratories International Inc                 | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |      3133 | NS      | $490189.18    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                             | Pure Storage Inc                                             | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     28781 | NS      | $2412135.61   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Conduent Inc                                 | Conduent Inc                                                 | CUSIP: 206787103<br>LEI: 549300SFJ2D2CYY6CQ11 | Long             | EC               | CORP              | US        |    368700 | NS      | $1032360.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc                    | L3Harris Technologies Inc                                    | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     10728 | NS      | $3276438.48   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                            | General Motors Co                                            | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     23934 | NS      | $1459255.98   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                    | Teledyne Technologies Inc                                    | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      5564 | NS      | $3260726.56   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                  | Vistra Corp                                                  | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      7746 | NS      | $1517596.32   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hain Celestial Group Inc/The                 | Hain Celestial Group Inc/The                                 | CUSIP: 405217100<br>LEI: 5493000S8QXWHLIXDP75 | Long             | EC               | CORP              | US        |     97769 | NS      | $154475.02    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                          | Dominion Energy Inc                                          | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     32176 | NS      | $1968205.92   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Inc                       | Jones Lang LaSalle Inc                                       | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      7615 | NS      | $2271402.20   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parks & Resorts Inc                   | United Parks & Resorts Inc                                   | CUSIP: 81282V100<br>LEI: 529900G0H4NV3IIK3269 | Long             | EC               | CORP              | US        |     11348 | NS      | $586691.60    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Lionsgate Studios Corp                       | Lionsgate Studios Corp                                       | CUSIP: 53626N102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    230113 | NS      | $1587779.70   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Global Holdings Inc                  | Ashland Inc                                                  | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     16507 | NS      | $790850.37    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Holdings Inc      | MACOM Technology Solutions Holdings Inc                      | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9738 | NS      | $1212283.62   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                            | EOG Resources Inc                                            | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     19863 | NS      | $2227039.56   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp                         | Regency Centers Corp                                         | CUSIP: 758849103<br>LEI: 5493008PTR2GAOYBXW28 | Long             | EC               |  | US        |     34112 | NS      | $2486764.80   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                      | KBR Inc                                                      | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     50510 | NS      | $2388617.90   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                         | Williams Cos Inc/The                                         | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     50188 | NS      | $3179409.80   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Under Armour Inc                             | Under Armour Inc                                             | CUSIP: 904311206<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |    118297 | NS      | $571374.51    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc                 | Bread Financial Holdings Inc                                 | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |     19242 | NS      | $1073126.34   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                        | General Dynamics Corp                                        | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      2384 | NS      | $812944.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp                           | First Horizon Corp                                           | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |     59089 | NS      | $1336002.29   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp                        | Truist Financial Corp                                        | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     48552 | NS      | $2219797.44   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH                 | Huntington Bancshares Inc/OH                                 | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    128092 | NS      | $2212148.84   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                           | Enphase Energy Inc                                           | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |     29573 | NS      | $1046588.47   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                    | Gates Industrial Corp PLC                                    | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |    127028 | NS      | $3152834.96   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                | Coherent Corp                                                | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     18840 | NS      | $2029444.80   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co                | Hewlett Packard Enterprise Co                                | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |    135459 | NS      | $3326873.04   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc                   | Zimmer Biomet Holdings Inc                                   | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     18577 | NS      | $1829834.50   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                              | Baker Hughes Co                                              | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40458 | NS      | $1971113.76   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO Logistics Inc                            | GXO Logistics Inc                                            | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |     26680 | NS      | $1411105.20   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                                  | CDW Corp/DE                                                  | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      7971 | NS      | $1269620.88   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Sealed Air Corp                              | Sealed Air Corp                                              | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |     45219 | NS      | $1598491.65   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                              | Dollar Tree Inc                                              | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     20265 | NS      | $1912408.05   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                   | Arcosa Inc                                                   | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     26344 | NS      | $2468696.24   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                                    | Aptiv PLC                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |     42936 | NS      | $3701941.92   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc                      | Rockwell Automation Inc                                      | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      2487 | NS      | $869281.11    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc                              | Best Buy Co Inc                                              | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     11321 | NS      | $856094.02    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                     | Resideo Technologies Inc                                     | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |     57350 | NS      | $2476373.00   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings Inc                         | Kyndryl Holdings Inc                                         | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |     29766 | NS      | $893872.98    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp                           | IPG Photonics Corp                                           | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |     32078 | NS      | $2540256.82   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                                   | Intel Corp                                                   | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     52454 | NS      | $1759831.70   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Brands Innovations Inc               | Fortune Brands Innovations Inc                               | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |     32189 | NS      | $1718570.71   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Brightstar Lottery PLC                       | Brightstar Lottery PLC                                       | CUSIP: 000000000<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | EC               | CORP              | GB        |    140649 | NS      | $2426195.25   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors                 | State Street Institutional U.S. Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |    120940 | NS      | $120939.79    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| FedEx Corp                                   | FedEx Corp                                                   | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      8548 | NS      | $2015703.88   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                                   | Ciena Corp                                                   | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     26601 | NS      | $3874967.67   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc                       | CenterPoint Energy Inc                                       | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |     89619 | NS      | $3477217.20   | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp                             | FirstEnergy Corp                                             | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     59692 | NS      | $2735087.44   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                    | MGM Resorts International                                    | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |     53862 | NS      | $1866856.92   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Holdings NV                           | AerCap Holdings NV                                           | CUSIP: 000000000<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | NL        |     23050 | NS      | $2789050.00   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Alight Inc                                   | Alight Inc                                                   | CUSIP: 01626W101<br>LEI: 549300600ESCO1HTVN74 | Long             | EC               | CORP              | US        |    360746 | NS      | $1176031.96   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                               | Globe Life Inc                                               | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     16510 | NS      | $2360434.70   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                          | Avery Dennison Corp                                          | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |      5112 | NS      | $829013.04    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                            | Allstate Corp/The                                            | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     10477 | NS      | $2248888.05   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                            | Devon Energy Corp                                            | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     35261 | NS      | $1236250.66   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions Inc                       | Skyworks Solutions Inc                                       | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     25878 | NS      | $1992088.44   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Travel + Leisure Co                          | Travel + Leisure Co                                          | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |     42831 | NS      | $2548016.19   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                                    | Itron Inc                                                    | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |     13504 | NS      | $1682058.24   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp                              | Concentrix Corp                                              | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |     31305 | NS      | $1444725.75   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications Inc                      | Zoom Communications Inc                                      | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |     23337 | NS      | $1925302.50   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Docusign Inc                                 | Docusign Inc                                                 | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     22593 | NS      | $1628729.37   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                                | McKesson Corp                                                | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      3275 | NS      | $2530068.50   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| ODP Corp/The                                 | ODP Corp/The                                                 | CUSIP: 88337F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26341 | NS      | $733596.85    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                             | Haemonetics Corp                                             | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |     26294 | NS      | $1281569.56   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                                   | Alcoa Corp                                                   | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |     50450 | NS      | $1659300.50   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                          | STAG Industrial Inc                                          | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               |  | US        |     40175 | NS      | $1417775.75   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Starz Entertainment Corp                     | Starz Entertainment Corp                                     | CUSIP: 855919106<br>LEI: 5493000JSMHPHZURLM72 | Long             | EC               | CORP              | CA        |     15340 | NS      | $225958.20    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc                       | Ormat Technologies Inc                                       | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |      7250 | NS      | $697812.50    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TreeHouse Foods Inc                          | TreeHouse Foods Inc                                          | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Long             | EC               | CORP              | US        |     62973 | NS      | $1272684.33   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Wix.com Ltd                                  | Wix.com Ltd                                                  | CUSIP: 000000000<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |     14113 | NS      | $2506892.19   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| UiPath Inc                                   | UiPath Inc                                                   | CUSIP: 90364P105<br>LEI: 5493000YP61KBELDHT53 | Long             | EC               | CORP              | US        |    133485 | NS      | $1786029.30   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                       | Motorola Solutions Inc                                       | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      2596 | NS      | $1187124.84   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST

**Signature:** John McGovern

**Name of Signer:** John McGovern

**Title:** Treasurer