# EDGAR Filing Document

**Accession Number:** 0001060517
**File Stem:** 0001752724-23-070493
**Filing Date:** 2023-3
**Character Count:** 78411
**Document Hash:** c307489597d366e8b88be7608257657f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-070493.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001752724-23-070493

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UBS Series Funds
- **CENTRAL INDEX KEY:** 0001060517
- **IRS NUMBER:** 134010447
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08767
- **FILM NUMBER:** 23771836

**BUSINESS ADDRESS:**
- **STREET 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) INC
- **STREET 2:** 787 SEVENTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212-821-3000

**MAIL ADDRESS:**
- **STREET 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) INC
- **STREET 2:** 787 SEVENTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UBS MONEY SERIES
- **DATE OF NAME CHANGE:** 20020716

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BRINSON MONEY SERIES
- **DATE OF NAME CHANGE:** 20010625

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MITCHELL HUTCHINS LIR MONEY SERIES
- **DATE OF NAME CHANGE:** 19990730

## Series and Classes Contracts Data

### UBS Ultra Short Income Fund (Series ID: S000061955)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000200717 | Class A      | USIAX           |
| C000200718 | Class P      | USIPX           |
| C000200719 | Class I      | USDIX           |

## Nport-Ex

**UBS Ultra Short Income Fund** 

**Portfolio of investments — January 31, 2023 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount ($)** | **Value ($)** |
|  **Asset-backed securities** — **24.7%** |  |  |
|  Ally Auto Receivables Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-1, Class A2, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.670%, due 04/15/25 | 3697741 | 3666278 |
|  Canadian Pacer Auto Receivables Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-1A, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, due 07/21/25<sup>1</sup> | 1590000 | 1551322 |
|  Capital One Prime Auto Receivables Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, Class A3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.770%, due 09/15/26 | 4000000 | 3784520 |
|  CarMax Auto Owner Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-2, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.010%, due 12/16/24 | 1935000 | 1915700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, Class A4, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.530%, due 10/15/26 | 1235000 | 1131241 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2, Class A4, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.810%, due 12/15/26 | 1500000 | 1387306 |
|  CCG Receivables Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-1, Class C, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.840%, due 12/14/27<sup>1</sup> | 4075000 | 3924923 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, Class A2, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.300%, due 06/14/27<sup>1</sup> | 897300 | 869297 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2, Class A2, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.540%, due 03/14/29<sup>1</sup> | 4422393 | 4236138 |
|  Chesapeake Funding II LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-2A, Class A1, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.950%, due 09/15/31<sup>1</sup> | 85120 | 85083 |
|  CNH Equipment Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-B, Class A3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.440%, due 08/17/26 | 1364000 | 1300489 |
|  Dell Equipment Finance Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2, Class A3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.530%, due 12/22/26<sup>1</sup> | 18920000 | 18251312 |
|  Enterprise Fleet Financing LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-1, Class A3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.860%, due 12/22/25<sup>1</sup> | 3000000 | 2933178 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-2, Class A3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.650%, due 07/20/26<sup>1</sup> | 1240000 | 1165353 |
|  Ford Credit Auto Lease Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A, Class A2A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.780%, due 10/15/24 | 7548334 | 7484780 |
|  Ford Credit Auto Owner Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-1, Class A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.520%, due 07/15/30<sup>1</sup> | 2400000 | 2362590 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-A, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.050%, due 09/15/25 | 2370000 | 2296741 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-B, Class A4, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.790%, due 11/15/25 | 4580000 | 4408070 |

---

------

**UBS Ultra Short Income Fund** 

**Portfolio of investments — January 31, 2023 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount ($)** | **Value ($)** |
|  **Asset-backed securities** — **(continued)** |  |  |
|  GM Financial Automobile Leasing Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-3, Class C, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.110%, due 10/21/24 | 3390000 | 3362216 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, Class C, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.700%, due 02/20/25 | 1300000 | 1267769 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-3, Class A4, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, due 07/21/25 | 1255000 | 1198862 |
|  GM Financial Consumer Automobile Receivables Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-2, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.540%, due 08/18/25 | 1000000 | 969079 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-3, Class C, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.370%, due 01/16/26 | 3915000 | 3744568 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-4, Class A4, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, due 02/17/26 | 2350000 | 2209955 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.750%, due 05/17/27 | 2125000 | 1963802 |
|  GM Financial Floorplan Owner Revolving Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-2, Class A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, due 04/15/26<sup>1</sup> | 4760000 | 4641630 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-2, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.960%, due 10/15/25<sup>1</sup> | 500000 | 482762 |
|  GreatAmerica Leasing Receivables Funding LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-1, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, due 02/16/26<sup>1</sup> | 4880000 | 4727001 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2, Class A3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.670%, due 07/15/25<sup>1</sup> | 1000000 | 942257 |
|  Harley-Davidson Motorcycle Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-A, Class A4, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.530%, due 09/15/28 | 597000 | 561230 |
|  Hyundai Auto Lease Securitization Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-B, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.810%, due 10/15/24<sup>1</sup> | 3590000 | 3565792 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-A, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.610%, due 10/15/25<sup>1</sup> | 5426000 | 5313489 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-B, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.620%, due 03/16/26<sup>1</sup> | 12045000 | 11538413 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A, Class A4, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.320%, due 12/15/25<sup>1</sup> | 1000000 | 956834 |
|  Hyundai Auto Receivables Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-B, Class C, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.600%, due 12/15/26 | 1440000 | 1365079 |
|  MMAF Equipment Finance LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-B, Class A5, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.720%, due 06/15/40<sup>1</sup> | 17924326 | 17476768 |

---

------

**UBS Ultra Short Income Fund** 

**Portfolio of investments — January 31, 2023 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount ($)** | **Value ($)** |
|  **Asset-backed securities** — **(concluded)** |  |  |
|  Nissan Auto Lease Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-A, Class A3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.520%, due 08/15/24 | 6100000 | 5981329 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-A, Class A4, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.650%, due 07/15/26 | 7000000 | 6736813 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A, Class A4, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.870%, due 07/15/27 | 1350000 | 1322895 |
|  Santander Consumer Auto Receivables Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-BA, Class C, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.290%, due 04/15/26<sup>1</sup> | 900000 | 866831 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-AA, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.710%, due 08/17/26<sup>1</sup> | 1250000 | 1162245 |
|  Santander Retail Auto Lease Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-B, Class A4, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.650%, due 12/20/24<sup>1</sup> | 5725000 | 5555667 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-B, Class A3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.510%, due 08/20/24<sup>1</sup> | 3500000 | 3403231 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-B, Class C, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.100%, due 06/20/25<sup>1</sup> | 500000 | 473700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-C, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.830%, due 03/20/26<sup>1</sup> | 10500000 | 9932899 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A, Class A3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.340%, due 07/21/25<sup>1</sup> | 2000000 | 1906403 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-B, Class A2, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.840%, due 05/20/25<sup>1</sup> | 2221615 | 2189168 |
|  Toyota Lease Owner Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-A, Class A4, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, due 08/20/25<sup>1</sup> | 1000000 | 972024 |
|  Verizon Owner Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-C, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.670%, due 04/21/25 | 1000000 | 959964 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-C, Class C, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.770%, due 04/21/25 | 2190000 | 2100740 |
|  **Total asset-backed securities**<br> (cost — $174,475,176) |  | **172605736** |
|  **Certificates of deposit** — **7.1%** |  |  |
|  Barclays Bank PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.620%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.920%, due 04/05/23<sup>2</sup> | 15000000 | 15000000 |
|  Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, due 03/30/23 | 15000000 | 15000000 |

---

------

**UBS Ultra Short Income Fund** 

**Portfolio of investments — January 31, 2023 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount ($)** | **Value ($)** |
|  **Certificates of deposit** — **(concluded)** |  |  |
|  Westpac Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.500%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, due 03/24/23<sup>1,2</sup> | 20000000 | 20000000 |
|  **Total Certificates of deposit**<br> (cost — $50,000,000) |  | **50000000** |
|  **Commercial paper** — **6.6%** |  |  |
|  GM Financial Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, due 02/01/23 | 15000000 | 15000000 |
|  Hyundai Capital America |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.470%, due 02/01/23 | 15900000 | 15900000 |
|  Philip Morris International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.340%, due 02/01/23 | 15000000 | 15000000 |
|  **Total commercial paper**<br> (cost — $45,900,000) |  | **45900000** |
|  **Corporate bonds** — **61.6%** |  |  |
|  **Auto manufacturers** — **4.7%** |  |  |
|  Toyota Motor Credit Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.290%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.548%, due 09/13/24<sup>2</sup> | 16000000 | 15958352 |
|  Volkswagen Group of America Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, due 11/13/23<sup>1</sup> | 11897000 | 11798443 |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.950%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.159%, due 06/07/24<sup>1,2</sup> | 5000000 | 4995385 |
|  |  | 32752180 |
|  **Banks** — **44.3%** |  |  |
|  Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 1.100%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.403%, due 04/25/25<sup>2</sup> | 8000000 | 8014933 |
|  Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.265%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.560%, due 09/15/23<sup>2</sup> | 5475000 | 5468716 |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.320%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.630%, due 07/09/24<sup>2</sup> | 2000000 | 1992240 |
|  Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.445%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.751%, due 04/15/24<sup>2</sup> | 26882000 | 26843290 |
|  Banque Federative du Credit Mutuel SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, due 07/20/23<sup>1</sup> | 1900000 | 1888982 |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.410%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.481%, due 02/04/25<sup>1,2</sup> | 10000000 | 9862822 |

---

------

**UBS Ultra Short Income Fund** 

**Portfolio of investments — January 31, 2023 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount ($)** | **Value ($)** |
|  **Corporate bonds** — **(continued)** |  |  |
|  **Banks** — **(continued)** |  |  |
|  BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, due 01/10/24<sup>1</sup> | 10000000 | 9877264 |
|  Canadian Imperial Bank of Commerce |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.400%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.685%, due 12/14/23<sup>2</sup> | 4577000 | 4577017 |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.420%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.726%, due 10/18/24<sup>2</sup> | 15000000 | 14933308 |
|  Cooperatieve Rabobank UA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, due 09/26/23<sup>1</sup> | 23000000 | 22844750 |
|  Credit Suisse AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.000%, due 05/05/23 | 10000000 | 9880546 |
|  Deutsche Bank AG, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.500%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.585%, due 11/08/23<sup>2</sup> | 12000000 | 11963937 |
|  Federation des Caisses Desjardins du Quebec |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.430%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.577%, due 05/21/24<sup>1,2</sup> | 4307000 | 4289471 |
|  Fifth Third Bancorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, due 01/25/24 | 12000000 | 11852758 |
|  Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.490%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.794%, due 10/21/24<sup>2</sup> | 5000000 | 4976795 |
|  ING Groep NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, due 10/02/23 | 12000000 | 11924213 |
|  JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.920%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.073%, due 02/24/26<sup>2</sup> | 10000000 | 9939710 |
|  Lloyds Banking Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, due 08/16/23 | 15000000 | 14917741 |
|  Mitsubishi UFJ Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.761%, due 07/26/23 | 5000000 | 4970899 |
|  National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.490%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.572%, due 08/06/24<sup>2</sup> | 4960000 | 4943930 |
|  NatWest Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, due 09/12/23 | 8000000 | 7930534 |
|  NatWest Markets PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.530%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.631%, due 08/12/24<sup>1,2</sup> | 7570000 | 7505239 |
|  Nordea Bank Abp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, due 08/30/23<sup>1</sup> | 4975000 | 4937099 |

---

------

**UBS Ultra Short Income Fund** 

**Portfolio of investments — January 31, 2023 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount ($)** | **Value ($)** |
|  **Corporate bonds** — **(continued)** |  |  |
|  **Banks** — **(concluded)** |  |  |
|  Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.340%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, due 10/07/24<sup>2</sup> | 20000000 | 19883313 |
|  Societe Generale SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, due 03/28/24<sup>1</sup> | 10000000 | 9810993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, due 09/14/23<sup>1</sup> | 2000000 | 1990153 |
|  Sumitomo Mitsui Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.936%, due 10/16/23 | 19000000 | 18876206 |
|  Swedbank AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.600%, due 09/25/23<sup>1</sup> | 11475000 | 11139471 |
|  Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.350%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, due 09/10/24<sup>2</sup> | 15000000 | 14936550 |
|  Truist Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.200%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.506%, due 01/17/24<sup>2</sup> | 7000000 | 6981972 |
|  Westpac Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.300%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.427%, due 11/18/24<sup>2</sup> | 10000000 | 9963898 |
|  |  | 309918750 |
|  **Diversified financial services** — **2.1%** |  |  |
|  American Express Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.750%, due 11/03/23 | 5000000 | 4858617 |
|  Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, due 01/29/24 | 10000000 | 9889862 |
|  |  | 14748479 |
|  **Electric** — **5.6%** |  |  |
|  Eversource Energy, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series T, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.250%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.354%, due 08/15/23<sup>2</sup> | 7000000 | 6985021 |
|  National Rural Utilities Cooperative Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series D, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.330%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.636%, due 10/18/24<sup>2</sup> | 15000000 | 14823313 |

---

------

**UBS Ultra Short Income Fund** 

**Portfolio of investments — January 31, 2023 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount ($)** | **Value ($)** |
|  **Corporate bonds** — **(concluded)** |  |  |
|  **Electric** — **(concluded)** |  |  |
|  Southern Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, due 07/01/23 | 10000000 | 9916863 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.370%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.467%, due 05/10/23<sup>2</sup> | 7000000 | 6994616 |
|  |  | 38719813 |
|  **Insurance** — **1.4%** |  |  |
|  Metropolitan Life Global Funding I |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.300%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.612%, due 09/27/24<sup>1,2</sup> | 10000000 | 9957122 |
|  **Oil & gas services** — **1.4%** |  |  |
|  Schlumberger Investment SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, due 12/01/23 | 10000000 | 9884887 |
|  **Pharmaceuticals** — **1.4%** |  |  |
|  AbbVie, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, due 11/14/23 | 10000000 | 9915283 |
|  **Semiconductors** — **0.7%** |  |  |
|  Analog Devices, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Secured Overnight Financing Rate + 0.250%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.561%, due 10/01/24<sup>2</sup> | 5000000 | 4938875 |
|  **Total corporate bonds**<br> (cost — $433,900,196) |  | **430835389** |
|  **Mortgage-backed securities** — **1.0%** |  |  |
|  Angel Oak Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-R1, Class A1, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.990%, due 04/25/53<sup>1,3</sup> | 4678495 | 4326443 |
|  MFA Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-NQM3, Class A1, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.014%, due 01/26/65<sup>1,3</sup> | 378791 | 350187 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-NQM1, Class A1, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.153%, due 04/25/65<sup>1,3</sup> | 1114674 | 996031 |

---

------

**UBS Ultra Short Income Fund** 

**Portfolio of investments — January 31, 2023 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount ($)** | **Value ($)** |
|  **Mortgage-backed securities** — **(concluded)** |  |  |
|  Verus Securitization Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-R2, Class A1, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.918%, due 02/25/64<sup>1,3</sup> | 1494099 | 1326234 |
|  **Total mortgage-backed securities**<br> (cost — $7,665,324) |  | **6998895** |
|  | **Number of**<br>**shares** |  |
|  **Short-term investments** — **0.4%** |  |  |
|  **Investment companies** — **0.4%** |  |  |
|  State Street Institutional U.S. Government Money Market Fund, 4.180%<sup>4</sup><br>(cost — $2,817,113) | 2817113 | 2817113 |
|  **Total investments**<br> (cost — $714,757,809) — 101.4% |  | **709157133** |
|  Liabilities in excess of other assets — (1.4)% |  | (9892607) |
|  **Net assets — 100.0%** |  | $**699264526** |

---

**Fair valuation summary** 

The following is a summary of the fair valuations according to the inputs used as of January 31, 2023 in valuing the Fund's investments. In the event a Fund holds investments for which fair value is measured using the NAV per share practical expedient (or its equivalent), a separate column will be added to the fair value hierarchy table; this is intended to permit reconciliation to the amounts presented in the Portfolio of investments:

**Assets** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Unadjusted quoted<br>prices in active<br>markets for<br>identical investments<br>(Level 1) ($)** | **Other significant<br>observable inputs<br>(Level 2) ($)** | **Unobservable<br>inputs**<br> **(Level 3) ($)** | **Total ($)** |
|  Asset-backed securities |  | 172605736 |  | 172605736 |
|  Certificates of deposit |  | 50000000 |  | 50000000 |
|  Commercial paper |  | 45900000 |  | 45900000 |
|  Corporate bonds |  | 430835389 |  | 430835389 |
|  Mortgage-backed securities |  | 6998895 |  | 6998895 |
|  Short-term investments |  | 2817113 |  | 2817113 |
|  **Total** |  | **709157133** |  | **709157133** |

---

At January 31, 2023, there were no transfers in or out of Level 3.

------

**UBS Ultra Short Income Fund** 

**Portfolio of investments — January 31, 2023 (unaudited)** 

**Portfolio footnotes** 

---

| | |
|:---|:---|
| 1 | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities are considered liquid, unless noted otherwise, and may be resold in transactions exempt from registration, normally to qualified institutional buyers. Securities exempt from registration pursuant to Rule 144A, in the amount of $249,382,399, represented 35.7% of the Fund's net assets at period end.  |

---

2 Variable or floating rate security. The interest rate shown is the rate in effect as of period end and changes periodically.

3 Variable or floating rate security for which the interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

4 Rates shown reflect yield at January 31, 2023.

------

**UBS Series Funds** 

UBS Ultra Short Income Fund

**Valuation of investments:** The Fund generally calculates its net asset value on days that the New York Stock Exchange ("NYSE") is open. The Fund calculates net asset value separately for each class as of the close of regular trading on the NYSE (generally, 4:00 p.m., Eastern time). The NYSE normally is not open, and the Fund does not price its shares, on most national holidays and Good Friday. To the extent that the Fund's assets are traded in other markets on days when the NYSE is not open, the value of the Fund's assets may be affected on those days. If trading on the NYSE is halted for the day before 4:00 p.m., Eastern time, the Fund's net asset value per share generally will still be calculated as of the close of regular trading on the NYSE. The time at which the Fund calculates its net asset value and until which purchase, sale or exchange orders are accepted may be changed as permitted by the US Securities and Exchange Commission ("SEC").

The Fund calculates its net asset value based on the current market value, where available, for its portfolio investments. The Fund normally obtains market values for its investments from independent pricing sources and broker-dealers. Independent pricing sources may use reported last sale prices, official market closing prices, current market quotations or valuations from computerized "evaluation" systems that derive values based on comparable investments. An evaluation system incorporates parameters such as security quality, maturity and coupon, and/ or research and evaluations by its staff, including review of broker-dealer market price quotations, if available, in determining the valuation of the portfolio investments. Investments also may be valued based on appraisals derived from information concerning the investment or similar investments received from recognized dealers in those holdings. Investments traded in the over-the-counter ("OTC") market and listed on The NASDAQ Stock Market, Inc. ("NASDAQ") normally are valued at the NASDAQ Official Closing Price. Other OTC securities are valued at the last bid price on the valuation date available prior to valuation. Investments which are listed on US and foreign stock exchanges normally are valued at the market closing price, the last sale price on the day the securities are valued or, lacking any sales on such day, at the last available bid price. Investments listed on foreign stock exchanges may be fair valued based on significant events that have occurred subsequent to the close of the foreign markets. In cases where investments are traded on more than one exchange, the investments are valued on the exchange designated as the primary market by UBS Asset Management (Americas) Inc. If a market value is not readily available from an independent pricing source for a particular investment, that investment is valued at fair value as determined in good faith by or under the direction of the Fund's Board of Trustees (the "Board"). Foreign currency exchange rates are generally determined as of the close of the NYSE.

Certain investments in which the Fund invests may be traded in markets that close before 4:00 p.m., Eastern time. Normally, developments that occur between the close of the foreign markets and 4:00 p.m., Eastern time, will not be reflected in the Fund's net asset value. However, if the Fund determines that such developments are so significant that they will materially affect the value of the Fund's investments, the Fund may adjust the previous closing prices to reflect what is believed to be the fair value of these investments as of 4:00 p.m., Eastern time.

The amortized cost method of valuation, which approximates market value, generally is used to value short-term debt instruments with 60 days or less remaining to maturity, unless the Board determines that this does not represent fair value.

Investments in open-end investment companies are valued at the daily closing net asset value of the respective investment company. Pursuant to the Fund's use of the practical expedient within ASC Topic 820, Fair Value Measurement, investments in investment companies without publicly published prices are also valued at the daily net asset value.

------

The Board has designated UBS AM as the valuation designee pursuant to Rule 2a-5 under the 1940 Act, and delegated to UBS AM the responsibility for making fair value determinations with respect to portfolio holdings. UBS AM, as the valuation designee, is responsible for periodically assessing any material risks associated with the determination of the fair value of investments; establishing and applying fair value methodologies; testing the appropriateness of fair value methodologies; and overseeing and evaluating third-party pricing services. UBS AM has the Equities, Fixed Income, and Multi-Asset Valuation Committee (the "VC") to assist with its designated responsibilities as valuation designee with respect to the Portfolios' portfolio holdings. The VC is comprised of representatives of management. The VC provides reports to the Board at each quarterly meeting regarding any investments that have been fair valued, valued pursuant to standing instructions approved by the VC, or where non-vendor pricing sources had been used to make fair value determinations when sufficient information exists during the prior quarter. Fair valuation determinations are subject to review at least monthly by the VC during scheduled meetings. Pricing decisions, processes, and controls over fair value determinations are subject to internal and external reviews, including annual internal compliance reviews and periodic internal audit reviews.

The types of investments for which such fair value pricing may be necessary include, but are not limited to: foreign investments under some circumstances, securities of an issuer that has entered into a restructuring; investments whose trading has been halted or suspended; fixed income securities that are in default and for which there is no current market value quotation; and investments that are restricted as to transfer or resale. The need to fair value a Fund's portfolio investments may also result from low trading volume in foreign markets or thinly traded domestic investments, and when a security that is subject to a trading limit or collar on the exchange or market on which it is primarily traded reaches the "limit up" or "limit down" price and no trading has taken place at that price. Various factors may be reviewed in order to make a good faith determination of an investment's fair value. These factors include, but are not limited to, fundamental analytical data relating to the investment; the nature and duration of restrictions on disposition of the investment; and the evaluation of forces which influence the market in which the investment is purchased and sold. Valuing investments at fair value involves greater reliance on judgment than valuing investments that have readily available market quotations. Fair value determinations can also involve reliance on quantitative models employed by a fair value pricing service.

US generally accepted accounting principles ("US GAAP") requires disclosure regarding the various inputs that are used in determining the value of the Fund's investments. These inputs are summarized into the three broad levels listed below:

Level 1 — Unadjusted quoted prices in active markets for identical investments.

Level 2 — Other significant observable inputs, including but not limited to, quoted prices for similar investments, interest rates, prepayment speeds and credit risks.

Level 3 — Unobservable inputs inclusive of the Fund's own assumptions in determining the fair value of investments.

A fair value hierarchy table has been included near the end of the Fund's Portfolio of investments.

For more information regarding the Fund's other significant accounting policies, please refer to the Fund's Semi annual report to shareholders dated October 31, 2022.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** UBS SERIES FUNDS

- **b. Investment Company Act file number:** 811-08767

- **c. CIK number of Registrant:** 0001060517

- **d. LEI of Registrant:** 54930058UKPXVB81RJ71

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

  - **Street Address 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) INC

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

  - **Telephone number:** 212-821-3000

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

- **a. Name of Series:** UBS Ultra Short Income Fund

- **b. EDGAR series identifier (if any):** S000061955

- **c. LEI of Series:** 549300S6VZYIBES1HD75

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

- **a. Date of fiscal year-end:** 2023-04-30

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $714204012.49

**Total Liabilities:** $6231288.33

**Net Assets:** $707972724.16

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -8269.81000000 | **1-Year:** -47859.16000000 | **5-Year:** -7281.58000000 | **10-Year:** -1941.77000000 | **30-Year:** -935.82000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000200717 | 0.48%                | 0.48%                | 0.63%                |
| Class ID C000200718 | 0.48%                | 0.49%                | 0.64%                |
| Class ID C000200719 | 0.49%                | 0.49%                | 0.75%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6097826.26             | $7423850.28                                |
| Month 2  | $-1360092.76             | $2953499.32                                |
| Month 3  | $-1322963.14             | $4119125.65                                |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust                                   | CUSIP: 034651AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4678495 | PA      | $4326442.98   | 0.61%             | 2053-04-25      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| Santander Retail Auto Lease Trust                         | Santander Retail Auto Lease Trust                          | CUSIP: 80287CAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1906403.00   | 0.27%             | 2025-07-21      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                       | Fifth Third Bancorp                                        | CUSIP: 316773CX6<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $11852758.20  | 1.67%             | 2024-01-25      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                                              | ING Groep NV                                               | CUSIP: 456837AK9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |  12000000 | PA      | $11924212.68  | 1.68%             | 2023-10-02      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                              | Ford Credit Auto Owner Trust                               | CUSIP: 34533GAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4580000 | PA      | $4408069.55   | 0.62%             | 2025-11-15      | Fixed         | 0.79%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                            | Enterprise Fleet Financing LLC                             | CUSIP: 29375MAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1240000 | PA      | $1165353.24   | 0.16%             | 2026-07-20      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                                | AbbVie, Inc.                                               | CUSIP: 00287YBC2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9915282.90   | 1.40%             | 2023-11-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                    | Canadian Imperial Bank of Commerce                         | CUSIP: 13607HYE6<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  15000000 | PA      | $14933307.60  | 2.11%             | 2024-10-18      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                          | Bank of Montreal                                           | CUSIP: 06367WYQ0<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $1992240.00   | 0.28%             | 2024-07-09      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                      | Bank of America Corp.                                      | CUSIP: 06051GKT5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8014932.48   | 1.13%             | 2025-04-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| General Motors                                            | GMF Floorplan Owner Revolving Trust                        | CUSIP: 361886CN2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $482762.05    | 0.07%             | 2025-10-15      | Fixed         | 0.96%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                         | Eversource Energy                                          | CUSIP: 30040WAM0<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6985021.05   | 0.99%             | 2023-08-15      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| Canadian Pacer Auto Receivables Trust                     | Canadian Pacer Auto Receivables Trust                      | CUSIP: 13645YAF6<br>LEI: 549300G7ER2PTT19ZV22 | Long             | ABS-O            | CORP              | CA        |   1590000 | PA      | $1551321.66   | 0.22%             | 2025-07-21      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                               | Southern Co.                                               | CUSIP: 842587CU9<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9916863.00   | 1.40%             | 2023-07-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC                                | MMAF Equipment Finance LLC                                 | CUSIP: 55316AAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  17924326 | PA      | $17476767.74  | 2.47%             | 2040-06-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Santander Retail Auto Lease Trust                         | Santander Retail Auto Lease Trust                          | CUSIP: 80286CAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10500000 | PA      | $9932899.20   | 1.40%             | 2026-03-20      | Fixed         | 0.83%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                       | American Express Co.                                       | CUSIP: 025816CK3<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4858616.75   | 0.69%             | 2023-11-03      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Verizon Owner Trust                                       | Verizon Owner Trust                                        | CUSIP: 92348CAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $959963.60    | 0.14%             | 2025-04-21      | Fixed         | 0.67%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                   | CarMax Auto Owner Trust                                    | CUSIP: 14314QAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1387306.35   | 0.20%             | 2026-12-15      | Fixed         | 0.81%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                         | GreatAmerica Leasing Receivables Funding LLC               | CUSIP: 39154TBE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4880000 | PA      | $4727001.26   | 0.67%             | 2026-02-16      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                              | Dell Equipment Finance Trust                               | CUSIP: 24702VAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18920000 | PA      | $18251312.33  | 2.58%             | 2026-12-22      | Fixed         | 0.53%                 | No            |                  2 | On Loan: No      |
| Santander Consumer Auto Receivables Trust                 | Santander Consumer Auto Receivables Trust                  | CUSIP: 80282YAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1162244.88   | 0.16%             | 2026-08-17      | Fixed         | 0.71%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust                                 | CUSIP: 92538DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1494099 | PA      | $1326234.19   | 0.19%             | 2064-02-25      | Variable      | 0.92%                 | No            |                  2 | On Loan: No      |
| ANALOG DEVICES INC                                        | Analog Devices, Inc.                                       | CUSIP: 032654AT2<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4938875.40   | 0.70%             | 2024-10-01      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                      | Westpac Banking Corp.                                      | CUSIP: 9612C4T92<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | STIV             | CORP              | AU        |  20000000 | PA      | $20000000.00  | 2.82%             | 2023-03-24      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust 2020-2 | GM Financial Consumer Automobile Receivables Trust         | CUSIP: 36258VAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $969079.00    | 0.14%             | 2025-08-18      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Santander Consumer Auto Receivables Trust                 | Santander Consumer Auto Receivables Trust                  | CUSIP: 802830AR0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $866830.95    | 0.12%             | 2026-04-15      | Fixed         | 1.29%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                          | Bank of Montreal                                           | CUSIP: 06368FAB5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   5475000 | PA      | $5468715.69   | 0.77%             | 2023-09-15      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                  | Toyota Motor Credit Corp.                                  | CUSIP: 89236TJP1<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  16000000 | PA      | $15958352.00  | 2.25%             | 2024-09-13      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                               | Truist Bank                                                | CUSIP: 89788JAD1<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6981972.48   | 0.99%             | 2024-01-17      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                   | Hyundai Capital America                                    | CUSIP: 44890NP12<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | STIV             | CORP              | US        |  15900000 | PA      | $15900000.00  | 2.25%             | 2023-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Santander Retail Auto Lease Trust                         | Santander Retail Auto Lease Trust                          | CUSIP: 80286RAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5725000 | PA      | $5555667.10   | 0.78%             | 2024-12-20      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Lease Trust                                   | Nissan Auto Lease Trust                                    | CUSIP: 65480DAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $6736813.30   | 0.95%             | 2026-07-15      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                   | Hyundai Auto Lease Securitization Trust                    | CUSIP: 44891PAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3590000 | PA      | $3565791.91   | 0.50%             | 2024-10-15      | Fixed         | 0.81%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                               | BNP Paribas SA                                             | CUSIP: 05581KAB7<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  10000000 | PA      | $9877263.90   | 1.40%             | 2024-01-10      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                      | Royal Bank of Canada                                       | CUSIP: 78016EZY6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  20000000 | PA      | $19883313.00  | 2.81%             | 2024-10-07      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co Inc                           | General Motors Financial Co., Inc.                         | CUSIP: 37046UP13<br>LEI: 5493008B6JBRUJ90QL97 | Long             | STIV             | CORP              | US        |  15000000 | PA      | $15000000.00  | 2.12%             | 2023-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Santander Retail Auto Lease Trust                         | Santander Retail Auto Lease Trust                          | CUSIP: 80286DAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3403230.60   | 0.48%             | 2024-08-20      | Fixed         | 0.51%                 | No            |                  2 | On Loan: No      |
| Capital One Prime Auto Receivables Trust                  | Capital One Prime Auto Receivables Trust                   | CUSIP: 14044CAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $3784520.00   | 0.53%             | 2026-09-15      | Fixed         | 0.77%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                         | NatWest Group PLC                                          | CUSIP: 780097BD2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   8000000 | PA      | $7930533.52   | 1.12%             | 2023-09-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                   | National Bank of Canada                                    | CUSIP: 63307A2Q7<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   4960000 | PA      | $4943929.60   | 0.70%             | 2024-08-06      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust                     | GM Financial Automobile Leasing Trust                      | CUSIP: 362569AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3390000 | PA      | $3362215.90   | 0.47%             | 2024-10-21      | Fixed         | 1.11%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                               | Swedbank AB                                                | CUSIP: 87020PAL1<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |  11475000 | PA      | $11139471.00  | 1.57%             | 2023-09-25      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust                                     | CCG Receivables Trust                                      | CUSIP: 12509DAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4075000 | PA      | $3924923.05   | 0.55%             | 2027-12-14      | Fixed         | 1.84%                 | No            |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                               | Ally Auto Receivables Trust                                | CUSIP: 02008JAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3697741 | PA      | $3666278.07   | 0.52%             | 2025-04-15      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/Ford Credit                  | Ford Credit Auto Owner Trust                               | CUSIP: 34532PAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2400000 | PA      | $2362590.24   | 0.33%             | 2030-07-15      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                     | Toronto-Dominion Bank                                      | CUSIP: 89114TZF2<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  15000000 | PA      | $14936550.00  | 2.11%             | 2024-09-10      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                                    | Banque Federative du Credit Mutuel SA                      | CUSIP: 06675FAW7<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |  10000000 | PA      | $9862822.10   | 1.39%             | 2025-02-04      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| Harley-Davidson Motorcycle Trust                          | Harley-Davidson Motorcycle Trust                           | CUSIP: 41284NAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    597000 | PA      | $561229.73    | 0.08%             | 2028-09-15      | Fixed         | 0.53%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                   | Hyundai Auto Lease Securitization Trust                    | CUSIP: 44891VAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12045000 | PA      | $11538412.59  | 1.63%             | 2026-03-16      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION                                          | Toronto Dominion                                           | CUSIP: 89114WTM7<br>LEI: N/A                  | Long             | STIV             | CORP              | CA        |  15000000 | PA      | $15000000.00  | 2.12%             | 2023-03-30      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                | MFA Trust                                                  | CUSIP: 55283FAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1114674 | PA      | $996030.73    | 0.14%             | 2065-04-25      | Variable      | 1.15%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                  | National Rural Utilities Cooperative Finance Corp.         | CUSIP: 63743HFA5<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14823312.90  | 2.09%             | 2024-10-18      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                       | Bank of Nova Scotia                                        | CUSIP: 0641593W4<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  26882000 | PA      | $26843289.92  | 3.79%             | 2024-04-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                  | Lloyds Banking Group PLC                                   | CUSIP: 539439AS8<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |  15000000 | PA      | $14917741.35  | 2.11%             | 2023-08-16      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust                                  | Toyota Lease Owner Trust                                   | CUSIP: 89238EAD8<br>LEI: 549300UQ4T5S6MJB6C18 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $972023.80    | 0.14%             | 2025-08-20      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                   | CarMax Auto Owner Trust                                    | CUSIP: 14316NAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1235000 | PA      | $1131241.35   | 0.16%             | 2026-10-15      | Fixed         | 0.53%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust                     | GM Financial Automobile Leasing Trust                      | CUSIP: 36262XAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1255000 | PA      | $1198862.22   | 0.17%             | 2025-07-21      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                          | Societe Generale SA                                        | CUSIP: 83368RAT9<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |  10000000 | PA      | $9810992.70   | 1.39%             | 2024-03-28      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                                    | Banque Federative du Credit Mutuel SA                      | CUSIP: 06675FAR8<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |   1900000 | PA      | $1888982.15   | 0.27%             | 2023-07-20      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                  | Capital One Financial Corp.                                | CUSIP: 14040HCA1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9889862.30   | 1.40%             | 2024-01-29      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                                  | Cooperatieve Rabobank UA                                   | CUSIP: 74977RDE1<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |  23000000 | PA      | $22844750.00  | 3.23%             | 2023-09-26      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                   | CarMax Auto Owner Trust                                    | CUSIP: 14316LAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1935000 | PA      | $1915700.50   | 0.27%             | 2024-12-16      | Fixed         | 3.01%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                    | Canadian Imperial Bank of Commerce                         | CUSIP: 13607GRT3<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   4577000 | PA      | $4577017.35   | 0.65%             | 2023-12-14      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                               | Southern Co.                                               | CUSIP: 842587DK0<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6994615.74   | 0.99%             | 2023-05-10      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                            | Hyundai Auto Receivables Trust                             | CUSIP: 44933FAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1440000 | PA      | $1365079.10   | 0.19%             | 2026-12-15      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                   | Hyundai Auto Lease Securitization Trust                    | CUSIP: 44891WAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $956834.20    | 0.14%             | 2025-12-15      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                   | Metropolitan Life Global Funding I                         | CUSIP: 59217GEQ8<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9957121.80   | 1.41%             | 2024-09-27      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                              | State Street Institutional US Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   2817113 | NS      | $2817112.69   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| General Motors                                            | GMF Floorplan Owner Revolving Trust                        | CUSIP: 361886CD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4760000 | PA      | $4641629.75   | 0.66%             | 2026-04-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust                                     | CCG Receivables Trust                                      | CUSIP: 12511EAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4422393 | PA      | $4236137.79   | 0.60%             | 2029-03-14      | Fixed         | 0.54%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc                           | Philip Morris International, Inc.                          | CUSIP: 71838MP12<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | STIV             | CORP              | US        |  15000000 | PA      | $15000000.00  | 2.12%             | 2023-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                      | Westpac Banking Corp.                                      | CUSIP: 961214EV1<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |  10000000 | PA      | $9963898.30   | 1.41%             | 2024-11-18      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                       | NatWest Markets PLC                                        | CUSIP: 63906YAC2<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   7570000 | PA      | $7505238.65   | 1.06%             | 2024-08-12      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                | MFA Trust                                                  | CUSIP: 552757AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    378791 | PA      | $350187.54    | 0.05%             | 2065-01-26      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Lease Trust                                   | Nissan Auto Lease Trust                                    | CUSIP: 65480LAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1322895.51   | 0.19%             | 2027-07-15      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                  | Volkswagen Group of America Finance LLC                    | CUSIP: 928668BQ4<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4995385.20   | 0.71%             | 2024-06-07      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term Auto Receivables Tr         | GM Financial Consumer Automobile Receivables Trust         | CUSIP: 36260KAD6<br>LEI: 549300164ZV2301BC703 | Long             | ABS-O            | CORP              | US        |   2350000 | PA      | $2209955.04   | 0.31%             | 2026-02-17      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Santander Retail Auto Lease Trust                         | Santander Retail Auto Lease Trust                          | CUSIP: 80286DAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $473699.90    | 0.07%             | 2025-06-20      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC NY                                      | Barclays Bank PLC                                          | CUSIP: 06742TM78<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | STIV             | CORP              | GB        |  15000000 | PA      | $15000000.00  | 2.12%             | 2023-04-05      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                              | Ford Credit Auto Owner Trust                               | CUSIP: 34528GAM8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2370000 | PA      | $2296740.93   | 0.32%             | 2025-09-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                       | JPMorgan Chase & Co.                                       | CUSIP: 46647PCX2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9939710.00   | 1.40%             | 2026-02-24      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| SCHLUMBERGER INVESTMENT                                   | Schlumberger Investment SA                                 | CUSIP: 806854AH8<br>LEI: 529900EZ29I5KXPV2J32 | Long             | DBT              | CORP              | LU        |  10000000 | PA      | $9884887.00   | 1.40%             | 2023-12-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                                       | CNH Equipment Trust                                        | CUSIP: 12657WAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1364000 | PA      | $1300489.43   | 0.18%             | 2026-08-17      | Fixed         | 0.44%                 | No            |                  2 | On Loan: No      |
| Santander Retail Auto Lease Trust                         | Santander Retail Auto Lease Trust                          | CUSIP: 80287UAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2221615 | PA      | $2189168.14   | 0.31%             | 2025-05-20      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term Auto Receivables Tr         | GM Financial Consumer Automobile Receivables Trust         | CUSIP: 36261LAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2125000 | PA      | $1963802.18   | 0.28%             | 2027-05-17      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                  | Sumitomo Mitsui Financial Group, Inc.                      | CUSIP: 86562MBF6<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |  19000000 | PA      | $18876206.45  | 2.67%             | 2023-10-16      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust                     | GM Financial Automobile Leasing Trust                      | CUSIP: 36261RAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1300000 | PA      | $1267768.58   | 0.18%             | 2025-02-20      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                          | Deutsche Bank AG                                           | CUSIP: 251526CL1<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |  12000000 | PA      | $11963937.36  | 1.69%             | 2023-11-08      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                              | Ford Credit Auto Lease Trust                               | CUSIP: 34528LAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7548334 | PA      | $7484780.22   | 1.06%             | 2024-10-15      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                   | Hyundai Auto Lease Securitization Trust                    | CUSIP: 44891TAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5426000 | PA      | $5313488.63   | 0.75%             | 2025-10-15      | Fixed         | 0.61%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                         | GreatAmerica Leasing Receivables Funding LLC               | CUSIP: 39154TBQ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $942256.90    | 0.13%             | 2025-07-15      | Fixed         | 0.67%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                          | Societe Generale SA                                        | CUSIP: 83368RAL6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   2000000 | PA      | $1990152.88   | 0.28%             | 2023-09-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Verizon Owner Trust                                       | Verizon Owner Trust                                        | CUSIP: 92348CAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2190000 | PA      | $2100740.42   | 0.30%             | 2025-04-21      | Fixed         | 0.77%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                   | Goldman Sachs Group, Inc.                                  | CUSIP: 38141GYQ1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4976795.00   | 0.70%             | 2024-10-21      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE NEW YORK                                    | Credit Suisse AG                                           | CUSIP: 22550L2D2<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |  10000000 | PA      | $9880545.90   | 1.40%             | 2023-05-05      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                 | Chesapeake Funding II LLC                                  | CUSIP: 165183CD4<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |     85120 | PA      | $85082.84     | 0.01%             | 2031-09-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                  | Volkswagen Group of America Finance LLC                    | CUSIP: 928668AR3<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  11897000 | PA      | $11798443.23  | 1.67%             | 2023-11-13      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Lease Trust                                   | Nissan Auto Lease Trust                                    | CUSIP: 65480DAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6100000 | PA      | $5981328.77   | 0.84%             | 2024-08-15      | Fixed         | 0.52%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term Auto Receivables Tr         | GM Financial Consumer Automobile Receivables Trust         | CUSIP: 362590AF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3915000 | PA      | $3744567.91   | 0.53%             | 2026-01-16      | Fixed         | 1.37%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                            | Enterprise Fleet Financing LLC                             | CUSIP: 29373KAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2933178.00   | 0.41%             | 2025-12-22      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                    | Mitsubishi UFJ Financial Group, Inc.                       | CUSIP: 606822BA1<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   5000000 | PA      | $4970899.25   | 0.70%             | 2023-07-26      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust                                     | CCG Receivables Trust                                      | CUSIP: 12510KAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    897300 | PA      | $869297.11    | 0.12%             | 2027-06-14      | Fixed         | 0.30%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                           | Nordea Bank Abp                                            | CUSIP: 65557CAY9<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   4975000 | PA      | $4937099.41   | 0.70%             | 2023-08-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FED CAISSES DESJARDINS                                    | Federation des Caisses Desjardins du Quebec                | CUSIP: 31429KAF0<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |   4307000 | PA      | $4289470.51   | 0.61%             | 2024-05-21      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

**Name of Applicant:** UBS SERIES FUNDS

**Signature:** Joanne Kilkeary

**Name of Signer:** Joanne Kilkeary

**Title:** Vice President and Treasurer