# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0000898745-25-000832
**Filing Date:** 2025-12
**Character Count:** 188580
**Document Hash:** 39e7c4c8518e6b82303223e1a175dec4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000898745-25-000832.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0000898745-25-000832

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20251031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07572
- **FILM NUMBER:** 251596248

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

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

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

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

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

## Series and Classes Contracts Data

### Short-Term Income Fund (Series ID: S000014245)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000038764 | Class A             | SRHQX           |
| C000038766 | Class C             | STCCX           |
| C000038767 | Institutional Class | PSHIX           |
| C000090493 | Class J             | PSJIX           |
| C000090496 | R-3                 | PSIOX           |
| C000090498 | R-5                 | PSIQX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Des Moines

  - **State:** IA

  - **Foreign country:** US

  - **Zip / Postal Code:** 50309

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

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

- **a. Name of Series:** Short-Term Income Fund

- **b. EDGAR series identifier (if any):** S000014245

- **c. LEI of Series:** IJOCWVJG326LDFE5SJ51

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $3546378363.61

**Total Liabilities:** $27257642.98

**Net Assets:** $3519120720.63

**Delayed Delivery Securities:** $9499677.95

**Cash Not Reported:** $467521.98

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 25736.62240000 | **1-Year:** 74579.91480000 | **5-Year:** 608772.94480000 | **10-Year:** 39775.77080000 | **30-Year:** 7047.38960000

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

- **3-Month:** 135.24020000 | **1-Year:** 391.90090000 | **5-Year:** 3198.96660000 | **10-Year:** 209.01280000 | **30-Year:** 37.03250000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000090493 | 0.83%                | 0.38%                | 0.32%                |
| Class ID C000038767 | 0.93%                | 0.31%                | 0.35%                |
| Class ID C000038764 | 0.91%                | 0.30%                | 0.33%                |
| Class ID C000090498 | 0.91%                | 0.30%                | 0.33%                |
| Class ID C000090496 | 0.88%                | 0.27%                | 0.30%                |
| Class ID C000038766 | 0.83%                | 0.22%                | 0.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $417470.22               | $16560720.91                               |
| Month 2  | $471370.68               | $377513.23                                 |
| Month 3  | $499615.50               | $-69621.05                                 |

**Designated Index Information**

- **Index Name:** Fund Securities Portfolio

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                                            | Title                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BX 2024-PALM                                                                    | BX 2024-PALM                                                                    | CUSIP: 05612UAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10125000 | PA      | $10131293.70  | 0.29%             | 2037-06-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                             | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KCT5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10241983.20  | 0.29%             | 2029-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2021-C                                | Navient Private Education Refi Loan Trust 2021-C                                | CUSIP: 63942JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5644539 | PA      | $5160162.13   | 0.15%             | 2069-10-15      | Fixed         | 1.06%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                        | Vistra Operations Co LLC                                                        | CUSIP: 92840VAG7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |  19500000 | PA      | $19345479.86  | 0.55%             | 2027-01-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                               | NatWest Group PLC                                                               | CUSIP: 639057AR9<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   9500000 | PA      | $9598387.42   | 0.27%             | 2028-11-15      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GA87<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   8235000 | PA      | $8605391.28   | 0.24%             | 2030-04-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Westlake Corp                                                                   | Westlake Corp                                                                   | CUSIP: 960413AT9<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7853618.78   | 0.22%             | 2026-08-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2023-10                                                | JP Morgan Mortgage Trust 2023-10                                                | CUSIP: 465986AK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    549329 | PA      | $550927.51    | 0.02%             | 2054-05-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| BX Trust 2021-LGCY                                                              | BX Trust 2021-LGCY                                                              | CUSIP: 12434DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10700000 | PA      | $10656531.25  | 0.30%             | 2036-10-15      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| Columbia Pipelines Holding Co LLC                                               | Columbia Pipelines Holding Co LLC                                               | CUSIP: 19828AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11350000 | PA      | $11819587.75  | 0.34%             | 2028-08-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Marvell Technology Inc                                                          | Marvell Technology Inc                                                          | CUSIP: 573874AR5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9500000 | PA      | $9615507.08   | 0.27%             | 2030-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust 2025-D                                        | World Omni Auto Receivables Trust 2025-D                                        | CUSIP: 98165HAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12500000 | PA      | $12498288.75  | 0.36%             | 2029-02-15      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp                                        | Westinghouse Air Brake Technologies Corp                                        | CUSIP: 960386AS9<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3935182.37   | 0.11%             | 2030-05-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CPS Auto Receivables Trust 2024-D                                               | CPS Auto Receivables Trust 2024-D                                               | CUSIP: 22411JAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3661506 | PA      | $3665843.12   | 0.10%             | 2028-06-15      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                        | AT&T Inc                                                                        | CUSIP: 00206RML3<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   9400000 | PA      | $9308034.54   | 0.26%             | 2026-03-25      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| DLLAA 2025-1 LLC                                                                | DLLAA 2025-1 LLC                                                                | CUSIP: 233249AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7466880 | PA      | $7487219.30   | 0.21%             | 2027-10-20      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Trafigura Securitisation Finance PLC                                            | Trafigura Securitisation Finance PLC                                            | CUSIP: 892725AX0<br>LEI: 549300CH6S10UEZXWN56 | Long             | ABS-O            | CORP              | IE        |  15000000 | PA      | $15188505.00  | 0.43%             | 2027-11-15      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| Marathon CLO XIII Ltd                                                           | Marathon CLO XIII Ltd                                                           | CUSIP: 56579ABJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  10297353 | PA      | $10295674.64  | 0.29%             | 2032-04-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Sherwin-Williams Co/The                                                         | Sherwin-Williams Co/The                                                         | CUSIP: 824348BU9<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8037270.16   | 0.23%             | 2028-08-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust Series 2024-2                                 | Chase Home Lending Mortgage Trust Series 2024-2                                 | CUSIP: 161929AH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5497373 | PA      | $5554963.49   | 0.16%             | 2055-02-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co                                                         | Bristol-Myers Squibb Co                                                         | CUSIP: 110122EF1<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10262533.60  | 0.29%             | 2029-02-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                                             | Dominion Energy Inc                                                             | CUSIP: 25746UDY2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $11119138.36  | 0.32%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Southern Power Co                                                               | Southern Power Co                                                               | CUSIP: 843646AX8<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |   6250000 | PA      | $6213864.25   | 0.18%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OneMain Direct Auto Receivables Trust 2019-1                                    | OneMain Direct Auto Receivables Trust 2019-1                                    | CUSIP: 68267EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    697003 | PA      | $696593.68    | 0.02%             | 2027-09-14      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                  | Morgan Stanley                                                                  | CUSIP: 61747YEK7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5880770.94   | 0.17%             | 2028-01-21      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| CPS Auto Receivables Trust 2024-C                                               | CPS Auto Receivables Trust 2024-C                                               | CUSIP: 223920AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1757164 | PA      | $1760739.23   | 0.05%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO 2019-4 Ltd                                                          | Oaktree CLO 2019-4 Ltd                                                          | CUSIP: 67402CBE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  19000000 | PA      | $19021052.00  | 0.54%             | 2037-07-20      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust 2024-5                                                   | Chase Auto Owner Trust 2024-5                                                   | CUSIP: 16144QAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3372190 | PA      | $3374418.47   | 0.10%             | 2027-11-26      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Brown & Brown Inc                                                               | Brown & Brown Inc                                                               | CUSIP: 115236AK7<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   3700000 | PA      | $3750721.23   | 0.11%             | 2030-06-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust 2024-1                                                    | CCG Receivables Trust 2024-1                                                    | CUSIP: 12515PAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3288046 | PA      | $3313526.43   | 0.09%             | 2032-03-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Consumers Energy Co                                                             | Consumers Energy Co                                                             | CUSIP: 210518DV5<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |   8200000 | PA      | $8419734.99   | 0.24%             | 2029-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                                 | Fannie Mae Pool                                                                 | CUSIP: 31402DLW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     15083 | PA      | $15340.31     | 0.00%             | 2037-02-01      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| Roper Technologies Inc                                                          | Roper Technologies Inc                                                          | CUSIP: 776696AG1<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   7400000 | PA      | $7464559.82   | 0.21%             | 2029-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SBA Tower Trust                                                                 | SBA Tower Trust                                                                 | CUSIP: 78403DAT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  19400000 | PA      | $18851626.02  | 0.54%             | 2051-05-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Texas Instruments Inc                                                           | Texas Instruments Inc                                                           | CUSIP: 882508CG7<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10213223.60  | 0.29%             | 2029-02-08      | Fixed         | 4.60%                 | No            |                  2 | On Loan: —       |
| Morgan Stanley Residential Mortgage Loan Trust 2025-1                           | Morgan Stanley Residential Mortgage Loan Trust 2025-1                           | CUSIP: 617944AF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6811973 | PA      | $6837142.28   | 0.19%             | 2055-03-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Metlife Securitization Trust 2019-1                                             | Metlife Securitization Trust 2019-1                                             | CUSIP: 59166EAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    753707 | PA      | $744352.10    | 0.02%             | 2058-04-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                    | Broadcom Inc                                                                    | CUSIP: 11135FCK5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   9500000 | PA      | $9640246.03   | 0.27%             | 2030-07-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Vulcan Materials Co                                                             | Vulcan Materials Co                                                             | CUSIP: 929160BB4<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $9227639.70   | 0.26%             | 2029-12-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2025-1                                                 | JP Morgan Mortgage Trust 2025-1                                                 | CUSIP: 46658UAL5<br>LEI: 529900DB310G9HU4BP72 | Long             | ABS-MBS          | CORP              | US        |   1855957 | PA      | $1872855.43   | 0.05%             | 2055-06-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                                 | Fannie Mae Pool                                                                 | CUSIP: 31371FVE9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |        72 | PA      | $72.02        | 0.00%             | 2027-05-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2023-HE2                                               | JP Morgan Mortgage Trust 2023-HE2                                               | CUSIP: 46657FAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5427461 | PA      | $5447963.41   | 0.15%             | 2054-03-20      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                                                  | NRG Energy Inc                                                                  | CUSIP: 629377DA7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   7100000 | PA      | $7081872.28   | 0.20%             | 2030-10-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Securities 2021-1 Trust                             | Wells Fargo Mortgage Backed Securities 2021-1 Trust                             | CUSIP: 95003AAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1569556 | PA      | $1432751.82   | 0.04%             | 2050-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                    | Broadcom Inc                                                                    | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   7400000 | PA      | $7619879.23   | 0.22%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust 2025-P1                                   | Westlake Automobile Receivables Trust 2025-P1                                   | CUSIP: 96043LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7500000 | PA      | $7518330.75   | 0.21%             | 2028-02-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Commonbond Student Loan Trust 2018-BGS                                          | Commonbond Student Loan Trust 2018-BGS                                          | CUSIP: 20268MAA4<br>LEI: 549300EJIXF1G1X7PN20 | Long             | ABS-O            | CORP              | US        |   1565470 | PA      | $1505306.92   | 0.04%             | 2045-09-25      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                                | Bank of Montreal                                                                | CUSIP: 06368EDC3<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |  14700000 | PA      | $14592599.89  | 0.41%             | 2027-01-22      | Variable      | 0.95%                 | No            |                  2 | On Loan: No      |
| Southwestern Electric Power Co                                                  | Southwestern Electric Power Co                                                  | CUSIP: 845437BS0<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |  11600000 | PA      | $11492060.03  | 0.33%             | 2026-03-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                            | Verizon Master Trust                                                            | CUSIP: 92348KDJ9<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5540529.50   | 0.16%             | 2032-08-20      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Evergy Kansas Central Inc                                                       | Evergy Kansas Central Inc                                                       | CUSIP: 30036FAE1<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |   4100000 | PA      | $4136108.04   | 0.12%             | 2028-03-13      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2021-VOLT                                          | BX Commercial Mortgage Trust 2021-VOLT                                          | CUSIP: 05609VAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14532422 | PA      | $14523449.56  | 0.41%             | 2036-09-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| KeyBank NA/Cleveland OH                                                         | KeyBank NA/Cleveland OH                                                         | CUSIP: 49327M3F9<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |  15900000 | PA      | $16364588.30  | 0.47%             | 2027-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                  | Morgan Stanley                                                                  | CUSIP: 61747YFQ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   6200000 | PA      | $6467602.73   | 0.18%             | 2030-04-18      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| ELFI Graduate Loan Program 2024-A LLC                                           | ELFI Graduate Loan Program 2024-A LLC                                           | CUSIP: 28627LAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3706285 | PA      | $3778849.97   | 0.11%             | 2049-08-25      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG/New York NY                                                    | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526CU1<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   7100000 | PA      | $7581580.22   | 0.22%             | 2029-11-20      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                     | Citibank NA                                                                     | CUSIP: 17325FBL1<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8055733.84   | 0.23%             | 2027-11-19      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC | Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC | CUSIP: 85208NAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4750000 | PA      | $4777054.77   | 0.14%             | 2029-09-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Onemain Direct Auto Receivables Trust 2022-1                                    | Onemain Direct Auto Receivables Trust 2022-1                                    | CUSIP: 68269DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1948215 | PA      | $1947569.41   | 0.06%             | 2029-03-14      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| CDW LLC / CDW Finance Corp                                                      | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11000000 | PA      | $10804699.40  | 0.31%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2020-H                                | Navient Private Education Refi Loan Trust 2020-H                                | CUSIP: 63935BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2452772 | PA      | $2311475.70   | 0.07%             | 2069-01-15      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                                 | Fannie Mae Pool                                                                 | CUSIP: 31402Q3Z2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      1480 | PA      | $1506.27      | 0.00%             | 2034-07-01      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| Cisco Systems Inc                                                               | Cisco Systems Inc                                                               | CUSIP: 17275RBR2<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10248666.10  | 0.29%             | 2029-02-26      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2025-3                                        | Chase Home Lending Mortgage Trust 2025-3                                        | CUSIP: 16160MAD5<br>LEI: 529900HBZNCZRSLIS225 | Long             | ABS-MBS          | CORP              | US        |   8195993 | PA      | $8236334.35   | 0.23%             | 2056-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                             | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5053991.35   | 0.14%             | 2027-09-01      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBG9<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   9127000 | PA      | $9396129.04   | 0.27%             | 2027-04-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust 2024-3                                    | Westlake Automobile Receivables Trust 2024-3                                    | CUSIP: 96043CAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3266778 | PA      | $3271495.33   | 0.09%             | 2027-09-15      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Advanced Micro Devices Inc                                                      | Advanced Micro Devices Inc                                                      | CUSIP: 007903BH9<br>LEI: R2I72C950HOYXII45366 | Long             | DBT              | CORP              | US        |   6300000 | PA      | $6316754.60   | 0.18%             | 2026-09-24      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| ONEOK Inc                                                                       | ONEOK Inc                                                                       | CUSIP: 682680BH5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6072034.08   | 0.17%             | 2026-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-2                                                   | Sequoia Mortgage Trust 2024-2                                                   | CUSIP: 81749HAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2220848 | PA      | $2226443.45   | 0.06%             | 2054-03-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Ingersoll Rand Inc                                                              | Ingersoll Rand Inc                                                              | CUSIP: 45687VAC0<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6089295.48   | 0.17%             | 2027-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                            | Verizon Master Trust                                                            | CUSIP: 92348KDM2<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   9700000 | PA      | $9816841.35   | 0.28%             | 2030-11-20      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MHC Commercial Mortgage Trust 2021-MHC                                          | MHC Commercial Mortgage Trust 2021-MHC                                          | CUSIP: 55316VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2467861 | PA      | $2467089.38   | 0.07%             | 2038-04-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp                                                           | Truist Financial Corp                                                           | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10808606.90  | 0.31%             | 2029-10-30      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| Commonbond Student Loan Trust 2020-A-GS                                         | Commonbond Student Loan Trust 2020-A-GS                                         | CUSIP: 20267WAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1625028 | PA      | $1463559.98   | 0.04%             | 2050-08-25      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| World Omni Select Auto Trust 2025-A                                             | World Omni Select Auto Trust 2025-A                                             | CUSIP: 98164UAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11000000 | PA      | $10985603.20  | 0.31%             | 2030-05-15      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co                                                   | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBT5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   9500000 | PA      | $9554794.48   | 0.27%             | 2029-10-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receivables Trust 2024-1                                 | AmeriCredit Automobile Receivables Trust 2024-1                                 | CUSIP: 023947AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    562933 | PA      | $563466.17    | 0.02%             | 2028-02-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                                                      | AbbVie Inc                                                                      | CUSIP: 00287YDS5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10232034.10  | 0.29%             | 2029-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                                      | US Bancorp                                                                      | CUSIP: 91159HJS0<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4934411.57   | 0.14%             | 2030-07-23      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan Inc                                                               | Kinder Morgan Inc                                                               | CUSIP: 49456BAZ4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6162088.14   | 0.18%             | 2029-08-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Alliant Energy Finance LLC                                                      | Alliant Energy Finance LLC                                                      | CUSIP: 01882YAE6<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |   8800000 | PA      | $9210178.03   | 0.26%             | 2029-03-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Principal Government Money Market Fund - Class R-6                              | Principal Government Money Market Fund - Class R-6                              | CUSIP: 74257B639<br>LEI: N/A                  | Long             | STIV             | RF                | US        | 179090210 | NS      | $179090210.45 | 5.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BFLD Commercial Mortgage Trust 2025-660F                                        | BFLD Commercial Mortgage Trust 2025-660F                                        | CUSIP: 05556QAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8750000 | PA      | $8760937.50   | 0.25%             | 2042-11-15      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co                                                                   | DTE Energy Co                                                                   | CUSIP: 233331BK2<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5125872.10   | 0.15%             | 2029-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PEG7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   6200000 | PA      | $6470154.03   | 0.18%             | 2030-04-22      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO 2024-25 Ltd                                                         | Oaktree CLO 2024-25 Ltd                                                         | CUSIP: 67402PAA5<br>LEI: 254900NTZ5OVNC5X7789 | Long             | ABS-O            | CORP              | KY        |   6300000 | PA      | $6314805.00   | 0.18%             | 2037-04-20      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2023-HE3                                               | JP Morgan Mortgage Trust 2023-HE3                                               | CUSIP: 465985AA7<br>LEI: 5299007DSRZLE19EYU93 | Long             | ABS-O            | CORP              | US        |   4028202 | PA      | $4041189.41   | 0.11%             | 2054-05-20      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp                                                           | Northrop Grumman Corp                                                           | CUSIP: 666807CK6<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10160128.90  | 0.29%             | 2029-02-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Cigna Group/The                                                                 | Cigna Group/The                                                                 | CUSIP: 125523CP3<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   3534000 | PA      | $3495330.87   | 0.10%             | 2026-03-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust 2025-1                                    | Westlake Automobile Receivables Trust 2025-1                                    | CUSIP: 96043VAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7043276 | PA      | $7056076.44   | 0.20%             | 2028-01-18      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust 2025-C                                        | World Omni Auto Receivables Trust 2025-C                                        | CUSIP: 981936AB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12500000 | PA      | $12512665.00  | 0.36%             | 2028-10-16      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                  | BNP Paribas SA                                                                  | CUSIP: 09659W3D4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  10600000 | PA      | $10779918.57  | 0.31%             | 2031-05-09      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| AB BSL CLO 4 Ltd                                                                | AB BSL CLO 4 Ltd                                                                | CUSIP: 00037VAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |   9500000 | PA      | $9511846.50   | 0.27%             | 2038-04-20      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| CPS Auto Receivables Trust 2025-C                                               | CPS Auto Receivables Trust 2025-C                                               | CUSIP: 12634SAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5385898 | PA      | $5395856.97   | 0.15%             | 2029-03-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| BX Trust 2021-BXMF                                                              | BX Trust 2021-BXMF                                                              | CUSIP: 05609RAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8594709 | PA      | $8573222.15   | 0.24%             | 2026-10-15      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                            | Verizon Master Trust                                                            | CUSIP: 92348KBS1<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |  13800000 | PA      | $13891710.66  | 0.39%             | 2029-06-20      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| US Bank NA/Cincinnati OH                                                        | US Bank NA/Cincinnati OH                                                        | CUSIP: 90331HPS6<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |   8750000 | PA      | $8825361.56   | 0.25%             | 2028-05-15      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| MVW 2024-2 LLC                                                                  | MVW 2024-2 LLC                                                                  | CUSIP: 55389QAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12599602 | PA      | $12603431.28  | 0.36%             | 2042-03-20      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| American Tower Trust #1                                                         | American Tower Trust #1                                                         | CUSIP: 03027WAK8<br>LEI: 5493004YGM0MQZJOEJ36 | Long             | DBT              | CORP              | US        |   6300000 | PA      | $6198030.09   | 0.18%             | 2048-03-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Smurfit Kappa Treasury ULC                                                      | Smurfit Kappa Treasury ULC                                                      | CUSIP: 83272GAD3<br>LEI: 635400B3DOXSWFOWJT40 | Long             | DBT              | CORP              | IE        |  10000000 | PA      | $10306686.00  | 0.29%             | 2030-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Credit Suisse First Boston Mortgage Securities Corp                             | Credit Suisse First Boston Mortgage Securities Corp                             | CUSIP: 2254W0HF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2999 | PA      | $1699.47      | 0.00%             | 2038-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                                                    | New York Life Global Funding                                                    | CUSIP: 64952WFN8<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   9350000 | PA      | $9501048.97   | 0.27%             | 2030-06-03      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust 2024-3                       | GM Financial Consumer Automobile Receivables Trust 2024-3                       | CUSIP: 38013KAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2628885 | PA      | $2633217.48   | 0.07%             | 2027-06-16      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                            | Glencore Funding LLC                                                            | CUSIP: 378272BZ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6175922.22   | 0.18%             | 2030-04-01      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| American Tower Trust #1                                                         | American Tower Trust #1                                                         | CUSIP: 03027WAM4<br>LEI: 5493004YGM0MQZJOEJ36 | Long             | DBT              | CORP              | US        |  11585000 | PA      | $11790574.67  | 0.34%             | 2053-03-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| NiSource Inc                                                                    | NiSource Inc                                                                    | CUSIP: 65473PAN5<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2767666.19   | 0.08%             | 2028-03-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ares LIV CLO Ltd                                                                | Ares LIV CLO Ltd                                                                | CUSIP: 04017WAW2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4500000 | PA      | $4503514.50   | 0.13%             | 2038-07-15      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Fortis Inc/Canada                                                               | Fortis Inc/Canada                                                               | CUSIP: 349553AM9<br>LEI: 549300MQYQ9Y065XPR71 | Long             | DBT              | CORP              | CA        |  14594000 | PA      | $14445831.06  | 0.41%             | 2026-10-04      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2023-HE1                                               | JP Morgan Mortgage Trust 2023-HE1                                               | CUSIP: 46656UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1194558 | PA      | $1199668.82   | 0.03%             | 2053-11-25      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables 2024-B Owner Trust                                      | Nissan Auto Receivables 2024-B Owner Trust                                      | CUSIP: 65479WAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6287936 | PA      | $6294365.62   | 0.18%             | 2027-06-15      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                                   | Citigroup Inc                                                                   | CUSIP: 17327CAT0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   9500000 | PA      | $9562118.22   | 0.27%             | 2030-09-19      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| Advanced Micro Devices Inc                                                      | Advanced Micro Devices Inc                                                      | CUSIP: 007903BJ5<br>LEI: R2I72C950HOYXII45366 | Long             | DBT              | CORP              | US        |   6300000 | PA      | $6362183.33   | 0.18%             | 2028-03-24      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2023-A                                | Navient Private Education Refi Loan Trust 2023-A                                | CUSIP: 638961AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1996204 | PA      | $2048354.46   | 0.06%             | 2071-10-15      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| 1301 Trust 2025-AOA                                                             | 1301 Trust 2025-AOA                                                             | CUSIP: 682461AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8400000 | PA      | $8523888.24   | 0.24%             | 2042-08-11      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| GSAT Trust 2025-BMF                                                             | GSAT Trust 2025-BMF                                                             | CUSIP: 36271XAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8800000 | PA      | $8808250.00   | 0.25%             | 2040-07-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc/The                                            | PNC Financial Services Group Inc/The                                            | CUSIP: 693475CB9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   6400000 | PA      | $6617437.12   | 0.19%             | 2031-01-29      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent LP                                                        | American Homes 4 Rent LP                                                        | CUSIP: 02666TAK3<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |   5998000 | PA      | $6111303.60   | 0.17%             | 2030-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Dllad 2024-1 LLC                                                                | Dllad 2024-1 LLC                                                                | CUSIP: 23346MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2840464 | PA      | $2853622.87   | 0.08%             | 2027-08-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                            | Verizon Master Trust                                                            | CUSIP: 92348KDE0<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5517947.60   | 0.16%             | 2030-08-20      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| Black Hills Corp                                                                | Black Hills Corp                                                                | CUSIP: 092113AY5<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |   5750000 | PA      | $5738262.81   | 0.16%             | 2031-01-31      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| SBA Tower Trust                                                                 | SBA Tower Trust                                                                 | CUSIP: 78403DAP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6463000 | PA      | $6428250.39   | 0.18%             | 2050-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Public Storage Operating Co                                                     | Public Storage Operating Co                                                     | CUSIP: 74464AAC5<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |   9250000 | PA      | $9307739.33   | 0.26%             | 2030-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Columbia Pipelines Holding Co LLC                                               | Columbia Pipelines Holding Co LLC                                               | CUSIP: 19828AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3450000 | PA      | $3488886.50   | 0.10%             | 2026-08-15      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PBT2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  19600000 | PA      | $19572386.15  | 0.56%             | 2026-11-19      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| ELP Commercial Mortgage Trust 2021-ELP                                          | ELP Commercial Mortgage Trust 2021-ELP                                          | CUSIP: 26863LAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14876049 | PA      | $14848451.98  | 0.42%             | 2038-11-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| MED Commercial Mortgage Trust 2024-MOB                                          | MED Commercial Mortgage Trust 2024-MOB                                          | CUSIP: 55287BAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15000000 | PA      | $14953953.00  | 0.42%             | 2041-05-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Life 2022-BMR Mortgage Trust                                                    | Life 2022-BMR Mortgage Trust                                                    | CUSIP: 53218DAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18400000 | PA      | $17802000.00  | 0.51%             | 2039-05-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                  | Morgan Stanley                                                                  | CUSIP: 61747YEZ4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10014653.70  | 0.28%             | 2027-01-28      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust 2025-1                                                   | Chase Auto Owner Trust 2025-1                                                   | CUSIP: 16145NAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9300000 | PA      | $9320485.11   | 0.26%             | 2028-07-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co                                                                  | Eli Lilly & Co                                                                  | CUSIP: 532457CK2<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10167916.40  | 0.29%             | 2029-02-09      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                  | Morgan Stanley                                                                  | CUSIP: 61747YFK6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   9350000 | PA      | $9601778.58   | 0.27%             | 2030-01-16      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2022-A                                | Navient Private Education Refi Loan Trust 2022-A                                | CUSIP: 63942MAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3387827 | PA      | $3105145.59   | 0.09%             | 2070-07-15      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                                                     | Oracle Corp                                                                     | CUSIP: 68389XCY9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   9400000 | PA      | $9535006.47   | 0.27%             | 2028-08-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                                | Bank of Montreal                                                                | CUSIP: 06368MJG0<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2038585.48   | 0.06%             | 2029-01-27      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Bunge Ltd Finance Corp                                                          | Bunge Ltd Finance Corp                                                          | CUSIP: 120568BD1<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5511310.81   | 0.16%             | 2028-01-07      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GZK3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   8600000 | PA      | $8431705.57   | 0.24%             | 2028-02-24      | Variable      | 2.64%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon/The                                                     | Bank of New York Mellon/The                                                     | CUSIP: 06405LAH4<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |   5750000 | PA      | $5843239.30   | 0.17%             | 2029-04-20      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| SBA Tower Trust                                                                 | SBA Tower Trust                                                                 | CUSIP: 78403DAR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2666009.36   | 0.08%             | 2052-07-15      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                                 | Fannie Mae Pool                                                                 | CUSIP: 31402RD55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      1423 | PA      | $1455.05      | 0.00%             | 2035-02-01      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp                                                           | Truist Financial Corp                                                           | CUSIP: 89788MAD4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   5230000 | PA      | $5177472.18   | 0.15%             | 2027-03-02      | Variable      | 1.27%                 | No            |                  2 | On Loan: No      |
| CubeSmart LP                                                                    | CubeSmart LP                                                                    | CUSIP: 22966RAC0<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              | CORP              | US        |   3275000 | PA      | $3273425.77   | 0.09%             | 2025-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| Fannie Mae Pool                                                                 | Fannie Mae Pool                                                                 | CUSIP: 31405DLY1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      9971 | PA      | $10075.23     | 0.00%             | 2034-07-01      | Floating      | 6.14%                 | No            |                  2 | On Loan: No      |
| Tampa Electric Co                                                               | Tampa Electric Co                                                               | CUSIP: 875127BM3<br>LEI: WS423EPRKJIIJUITXD73 | Long             | DBT              | CORP              | US        |   2340000 | PA      | $2393039.63   | 0.07%             | 2029-03-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Trust 2025-2                                                        | T-Mobile US Trust 2025-2                                                        | CUSIP: 87268MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13000000 | PA      | $13077056.20  | 0.37%             | 2030-04-22      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co                                                                  | Eli Lilly & Co                                                                  | CUSIP: 532457CV8<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4416342.78   | 0.13%             | 2030-02-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                                                     | Oracle Corp                                                                     | CUSIP: 68389XCS2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   9300000 | PA      | $9224475.63   | 0.26%             | 2029-09-27      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2025-CES2                                       | JP Morgan Mortgage Trust Series 2025-CES2                                       | CUSIP: 46595TAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12744123 | PA      | $12826958.96  | 0.36%             | 2055-06-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                                                | Wells Fargo & Co                                                                | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   9500000 | PA      | $9797380.31   | 0.28%             | 2031-04-23      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                                   | Citigroup Inc                                                                   | CUSIP: 172967PF2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8210987.52   | 0.23%             | 2030-02-13      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia/The                                                         | Bank of Nova Scotia/The                                                         | CUSIP: 06418GAL1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   9400000 | PA      | $9451808.85   | 0.27%             | 2028-09-08      | Variable      | 4.40%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2021-3                                                   | Sequoia Mortgage Trust 2021-3                                                   | CUSIP: 81748VAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15660995 | PA      | $14053923.41  | 0.40%             | 2051-05-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                            | Royal Bank of Canada                                                            | CUSIP: 78017DAM0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  11300000 | PA      | $11442738.78  | 0.33%             | 2031-08-06      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| Consumer Portfolio Services Auto Trust 2025-A                                   | Consumer Portfolio Services Auto Trust 2025-A                                   | CUSIP: 12633SAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4879623 | PA      | $4887516.98   | 0.14%             | 2028-10-16      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| Commonbond Student Loan Trust 2019-A-GS                                         | Commonbond Student Loan Trust 2019-A-GS                                         | CUSIP: 20268CAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3947669 | PA      | $3616855.63   | 0.10%             | 2047-01-25      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| RTX Corp                                                                        | RTX Corp                                                                        | CUSIP: 75513ECT6<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   8075000 | PA      | $8205398.17   | 0.23%             | 2026-11-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Dewolf Park CLO Ltd                                                             | Dewolf Park CLO Ltd                                                             | CUSIP: 25211AAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2764959 | PA      | $2765310.23   | 0.08%             | 2030-10-15      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| ALA Trust 2025-OANA                                                             | ALA Trust 2025-OANA                                                             | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9300000 | PA      | $9334875.00   | 0.27%             | 2040-06-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| 720 East CLO V Ltd                                                              | 720 East CLO V Ltd                                                              | CUSIP: 81789MAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   5500000 | PA      | $5506039.00   | 0.16%             | 2037-07-20      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| AS Mileage Plan IP Ltd                                                          | AS Mileage Plan IP Ltd                                                          | CUSIP: 00218QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |  10600000 | PA      | $10569298.16  | 0.30%             | 2029-10-20      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust 2021-A                                                | Nelnet Student Loan Trust 2021-A                                                | CUSIP: 64035DAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11940742 | PA      | $11218351.76  | 0.32%             | 2062-04-20      | Fixed         | 1.36%                 | No            |                  2 | On Loan: No      |
| Signal Peak CLO 11 Ltd                                                          | Signal Peak CLO 11 Ltd                                                          | CUSIP: 82666XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   6250000 | PA      | $6265643.75   | 0.18%             | 2037-07-18      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| CHL Mortgage Pass-Through Trust 2003-46                                         | CHL Mortgage Pass-Through Trust 2003-46                                         | CUSIP: 12669EG67<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     93227 | PA      | $91552.48     | 0.00%             | 2034-01-19      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust 2021-A                                         | SMB Private Education Loan Trust 2021-A                                         | CUSIP: 78448YAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4918226 | PA      | $4488982.53   | 0.13%             | 2053-01-15      | Fixed         | 1.07%                 | No            |                  2 | On Loan: No      |
| WB Commercial Mortgage Trust 2024-HQ                                            | WB Commercial Mortgage Trust 2024-HQ                                            | CUSIP: 92943PAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $10013284.00  | 0.28%             | 2040-03-15      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBR5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   7500000 | PA      | $7461042.68   | 0.21%             | 2030-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Markel Group Inc                                                                | Markel Group Inc                                                                | CUSIP: 570535AR5<br>LEI: 549300SCNO12JLWIK605 | Long             | DBT              | CORP              | US        |   4719000 | PA      | $4654236.54   | 0.13%             | 2027-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust 2024-5                                   | Santander Drive Auto Receivables Trust 2024-5                                   | CUSIP: 802920AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    871178 | PA      | $871413.61    | 0.02%             | 2027-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SLM Private Credit Student Loan Trust 2004-A                                    | SLM Private Credit Student Loan Trust 2004-A                                    | CUSIP: 78443CBH6<br>LEI: 54930054KUX5HFXZUQ43 | Long             | ABS-O            | CORP              | US        |    129472 | PA      | $129076.67    | 0.00%             | 2033-06-15      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| SREIT Trust 2021-MFP                                                            | SREIT Trust 2021-MFP                                                            | CUSIP: 78472UAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10988824 | PA      | $10971653.69  | 0.31%             | 2038-11-15      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| PENN Commercial Mortgage Trust 2025-P11                                         | PENN Commercial Mortgage Trust 2025-P11                                         | CUSIP: 69382VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7000000 | PA      | $7116169.20   | 0.20%             | 2042-08-10      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2021-F                                | Navient Private Education Refi Loan Trust 2021-F                                | CUSIP: 63942GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3625505 | PA      | $3224243.80   | 0.09%             | 2070-02-18      | Fixed         | 1.11%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                             | Societe Generale SA                                                             | CUSIP: 83368RCG5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   9300000 | PA      | $9562517.89   | 0.27%             | 2031-05-22      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                    | Barclays PLC                                                                    | CUSIP: 06738EBU8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   7308000 | PA      | $7159548.58   | 0.20%             | 2027-11-24      | Variable      | 2.28%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                                              | Canadian Imperial Bank of Commerce                                              | CUSIP: 13607LWV1<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   3440000 | PA      | $3615621.32   | 0.10%             | 2028-10-03      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Cerberus Loan Funding XXIV LP                                                   | Cerberus Loan Funding XXIV LP                                                   | CUSIP: 15672RAN5<br>LEI: 549300CQR4WB8C9KUS83 | Long             | ABS-O            | CORP              | KY        |   8197141 | PA      | $8188640.67   | 0.23%             | 2030-07-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Cisco Systems Inc                                                               | Cisco Systems Inc                                                               | CUSIP: 17275RBX9<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |   9400000 | PA      | $9634010.09   | 0.27%             | 2030-02-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                             | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KCM0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   3458000 | PA      | $3518087.28   | 0.10%             | 2028-02-28      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust 2025-3                                    | Westlake Automobile Receivables Trust 2025-3                                    | CUSIP: 96043QAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10250000 | PA      | $10249768.35  | 0.29%             | 2028-04-17      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                                 | Fannie Mae Pool                                                                 | CUSIP: 31383TDX3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       962 | PA      | $970.52       | 0.00%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2024-CES1                                       | JP Morgan Mortgage Trust Series 2024-CES1                                       | CUSIP: 46658CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7593304 | PA      | $7643113.89   | 0.22%             | 2054-06-25      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Non Gold Pool                                                       | Freddie Mac Non Gold Pool                                                       | CUSIP: 3128Q2G80<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      9700 | PA      | $10018.02     | 0.00%             | 2035-09-01      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Graphic Packaging International LLC                                             | Graphic Packaging International LLC                                             | CUSIP: 38869PAP9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |   9800000 | PA      | $9663609.68   | 0.27%             | 2026-04-15      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| AES Corp/The                                                                    | AES Corp/The                                                                    | CUSIP: 00130HCE3<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |  14600000 | PA      | $14508094.02  | 0.41%             | 2026-01-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Securities 2020-3 Trust                             | Wells Fargo Mortgage Backed Securities 2020-3 Trust                             | CUSIP: 95002TAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    107671 | PA      | $106836.19    | 0.00%             | 2050-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-1                                                   | Sequoia Mortgage Trust 2024-1                                                   | CUSIP: 81749GAK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1645601 | PA      | $1643750.96   | 0.05%             | 2054-01-25      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                                                 | BAE Systems PLC                                                                 | CUSIP: 05523RAJ6<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |   8600000 | PA      | $8857116.61   | 0.25%             | 2029-03-26      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SLM Private Credit Student Loan Trust 2006-B                                    | SLM Private Credit Student Loan Trust 2006-B                                    | CUSIP: 78443CCY8<br>LEI: 549300MJYMBTZU2FTV38 | Long             | ABS-O            | CORP              | US        |   4736209 | PA      | $4605230.36   | 0.13%             | 2039-12-15      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PAX4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   6650000 | PA      | $6705987.81   | 0.19%             | 2029-12-05      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2025-1                                                   | Sequoia Mortgage Trust 2025-1                                                   | CUSIP: 81743EAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2533414 | PA      | $2544612.05   | 0.07%             | 2055-01-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2024-AIRC                                          | BX Commercial Mortgage Trust 2024-AIRC                                          | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15915319 | PA      | $15935212.79  | 0.45%             | 2039-08-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Commonbond Student Loan Trust 2021-B-GS                                         | Commonbond Student Loan Trust 2021-B-GS                                         | CUSIP: 20268AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2371219 | PA      | $2058265.24   | 0.06%             | 2051-09-25      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| eBay Inc                                                                        | eBay Inc                                                                        | CUSIP: 278642AX1<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |  13530000 | PA      | $13336907.82  | 0.38%             | 2026-05-10      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| General Electric Co                                                             | General Electric Co                                                             | CUSIP: 369604BZ5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6045246.18   | 0.17%             | 2030-07-29      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                              | Energy Transfer LP                                                              | CUSIP: 29273VAP5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10283802.80  | 0.29%             | 2028-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                  | Morgan Stanley                                                                  | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7742899.95   | 0.22%             | 2031-01-15      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| Consumer Portfolio Services Auto Trust 2025-B                                   | Consumer Portfolio Services Auto Trust 2025-B                                   | CUSIP: 12630SAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4701933 | PA      | $4711471.42   | 0.13%             | 2029-02-15      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| PNC Bank NA                                                                     | PNC Bank NA                                                                     | CUSIP: 69353RFY9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   8750000 | PA      | $8762612.08   | 0.25%             | 2027-05-13      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| World Omni Select Auto Trust 2024-A                                             | World Omni Select Auto Trust 2024-A                                             | CUSIP: 98164LAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2328035 | PA      | $2331095.91   | 0.07%             | 2028-02-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust 2024-2                                    | Westlake Automobile Receivables Trust 2024-2                                    | CUSIP: 96042YAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1700616 | PA      | $1704249.78   | 0.05%             | 2027-08-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Canadian Natural Resources Ltd                                                  | Canadian Natural Resources Ltd                                                  | CUSIP: 136385BB6<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |   4800000 | PA      | $4900979.18   | 0.14%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp                                                              | PFS Financing Corp                                                              | CUSIP: 69335PFU4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12550000 | PA      | $12722465.87  | 0.36%             | 2030-02-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Dell International LLC / EMC Corp                                               | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAL0<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4056341.44   | 0.12%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                             | Fifth Third Bancorp                                                             | CUSIP: 316773DM9<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3445855.73   | 0.10%             | 2030-09-06      | Variable      | 4.89%                 | No            |                  2 | On Loan: No      |
| Xcel Energy Inc                                                                 | Xcel Energy Inc                                                                 | CUSIP: 98388MAB3<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6775017.76   | 0.19%             | 2027-03-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust 2024-1                                             | Dell Equipment Finance Trust 2024-1                                             | CUSIP: 24702GAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    568249 | PA      | $568625.72    | 0.02%             | 2030-03-22      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                  | Morgan Stanley                                                                  | CUSIP: 61772BAB9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  10750000 | PA      | $10604470.37  | 0.30%             | 2027-05-04      | Variable      | 1.59%                 | No            |                  2 | On Loan: No      |
| Schlumberger Holdings Corp                                                      | Schlumberger Holdings Corp                                                      | CUSIP: 806851AL5<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |   6400000 | PA      | $6481534.27   | 0.18%             | 2027-05-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONEOK Inc                                                                       | ONEOK Inc                                                                       | CUSIP: 682680CB7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |  11700000 | PA      | $11712261.60  | 0.33%             | 2027-09-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PEU6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6106566.36   | 0.17%             | 2029-01-24      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                                                         | HCA Inc                                                                         | CUSIP: 404119BT5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20019751.60  | 0.57%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Owner Trust 2024-A                                                  | BMW Vehicle Owner Trust 2024-A                                                  | CUSIP: 096919AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    598442 | PA      | $599182.39    | 0.02%             | 2027-02-25      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                                                | United States Treasury Note/Bond                                                | CUSIP: 91282CHM6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 109400000 | PA      | $109928303.54 | 3.12%             | 2026-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2020-G                                | Navient Private Education Refi Loan Trust 2020-G                                | CUSIP: 63941UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1911872 | PA      | $1796931.59   | 0.05%             | 2069-09-16      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| Astrazeneca Finance LLC                                                         | Astrazeneca Finance LLC                                                         | CUSIP: 04636NAL7<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |   9400000 | PA      | $9639125.47   | 0.27%             | 2029-02-26      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust 2025-2                                                    | CCG Receivables Trust 2025-2                                                    | CUSIP: 12516XAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6250000 | PA      | $6246023.13   | 0.18%             | 2034-08-15      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| BX Trust 2025-TAIL                                                              | BX Trust 2025-TAIL                                                              | CUSIP: 123912AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12200000 | PA      | $12207625.00  | 0.35%             | 2035-06-15      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust 2025-2                                                    | CCG Receivables Trust 2025-2                                                    | CUSIP: 12516XAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6250000 | PA      | $6251248.75   | 0.18%             | 2026-10-14      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BFLD Commercial Mortgage Trust 2024-UNIV                                        | BFLD Commercial Mortgage Trust 2024-UNIV                                        | CUSIP: 08861RAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8900000 | PA      | $8905562.50   | 0.25%             | 2041-11-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group Inc                                                      | Mizuho Financial Group Inc                                                      | CUSIP: 60687YDL0<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   9300000 | PA      | $9411402.84   | 0.27%             | 2031-07-08      | Variable      | 4.71%                 | No            |                  2 | On Loan: No      |
| Oceanview Mortgage Trust 2021-3                                                 | Oceanview Mortgage Trust 2021-3                                                 | CUSIP: 67647VAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9734036 | PA      | $8717868.81   | 0.25%             | 2051-06-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Securities 2020-4 Trust                             | Wells Fargo Mortgage Backed Securities 2020-4 Trust                             | CUSIP: 95002VAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4173899 | PA      | $3646944.17   | 0.10%             | 2050-07-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG/New York NY                                                    | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526CW7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   6100000 | PA      | $6339696.57   | 0.18%             | 2029-05-10      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| LBA Trust 2024-BOLT                                                             | LBA Trust 2024-BOLT                                                             | CUSIP: 50177BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12750000 | PA      | $12757925.40  | 0.36%             | 2039-06-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Global Funding                                              | Northwestern Mutual Global Funding                                              | CUSIP: 66815L2R9<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |   9500000 | PA      | $9646743.46   | 0.27%             | 2027-03-25      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                    | UBS Group AG                                                                    | CUSIP: 225401AF5<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  15000000 | PA      | $14894797.65  | 0.42%             | 2029-01-12      | Variable      | 3.87%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co                                                   | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBS7<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |  14500000 | PA      | $14556379.77  | 0.41%             | 2027-09-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                                   | Citigroup Inc                                                                   | CUSIP: 17327CAM5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  19600000 | PA      | $19453990.00  | 0.55%             | 2027-01-28      | Variable      | 1.12%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp/The                                                | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RCH8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   9200000 | PA      | $9259185.72   | 0.26%             | 2028-06-09      | Variable      | 4.44%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-4                                                   | Sequoia Mortgage Trust 2024-4                                                   | CUSIP: 81743BAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7370742 | PA      | $7453114.64   | 0.21%             | 2054-05-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc/The                                            | PNC Financial Services Group Inc/The                                            | CUSIP: 693475CD5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   8750000 | PA      | $8927859.94   | 0.25%             | 2031-05-13      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| BX Trust 2025-DIME                                                              | BX Trust 2025-DIME                                                              | CUSIP: 05613UAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9400000 | PA      | $9382375.00   | 0.27%             | 2035-02-15      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                            | Verizon Master Trust                                                            | CUSIP: 92348KBG7<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |  16000000 | PA      | $16010475.20  | 0.45%             | 2029-01-22      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank NA                                                          | Morgan Stanley Bank NA                                                          | CUSIP: 61690DK72<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |  10500000 | PA      | $10679756.43  | 0.30%             | 2029-01-12      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                        | AT&T Inc                                                                        | CUSIP: 00206RMX7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $9128215.71   | 0.26%             | 2030-08-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Gm Financial Consumer Automobile Receivables Trust 2025-3                       | Gm Financial Consumer Automobile Receivables Trust 2025-3                       | CUSIP: 379957AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8800000 | PA      | $8818220.40   | 0.25%             | 2028-06-16      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| Wisconsin Public Service Corp                                                   | Wisconsin Public Service Corp                                                   | CUSIP: 976843BQ4<br>LEI: 549300BJRHJVYNUMQZ30 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5586406.27   | 0.16%             | 2029-12-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PBW5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  15800000 | PA      | $15671867.06  | 0.45%             | 2027-02-04      | Variable      | 1.04%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                            | Bank of America Corp                                                            | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   9400000 | PA      | $9705870.83   | 0.28%             | 2031-01-24      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                          | Diamondback Energy Inc                                                          | CUSIP: 25278XAX7<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   8150000 | PA      | $8261541.55   | 0.23%             | 2027-04-18      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| EDvestinU Private Education Loan Issue No 3 LLC                                 | EDvestinU Private Education Loan Issue No 3 LLC                                 | CUSIP: 28166LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5065494 | PA      | $4744799.98   | 0.13%             | 2045-11-25      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                              | Energy Transfer LP                                                              | CUSIP: 292480AK6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   5250000 | PA      | $5258948.68   | 0.15%             | 2027-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Maranon Loan Funding 2021-3 Ltd                                                 | Maranon Loan Funding 2021-3 Ltd                                                 | CUSIP: 56577NAS3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   6300000 | PA      | $6294210.30   | 0.18%             | 2036-10-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| New Mountain CLO 7 Ltd                                                          | New Mountain CLO 7 Ltd                                                          | CUSIP: 64754YAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   9500000 | PA      | $9497416.00   | 0.27%             | 2038-03-31      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust 2020-1                           | Morgan Stanley Residential Mortgage Loan Trust 2020-1                           | CUSIP: 61771QBE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3764195 | PA      | $3423670.00   | 0.10%             | 2050-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2024-GPA3                                          | BX Commercial Mortgage Trust 2024-GPA3                                          | CUSIP: 123910AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1525052 | PA      | $1526948.59   | 0.04%             | 2039-12-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Public Service Enterprise Group Inc                                             | Public Service Enterprise Group Inc                                             | CUSIP: 744573BA3<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |   4100000 | PA      | $4184796.49   | 0.12%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Ryder System Inc                                                                | Ryder System Inc                                                                | CUSIP: 78355HKS7<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $10796473.49  | 0.31%             | 2026-09-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust 2021-B                                         | SMB Private Education Loan Trust 2021-B                                         | CUSIP: 78449YAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7321105 | PA      | $6906497.93   | 0.20%             | 2051-07-17      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| PHH Mortgage Trust Series 2008-CIM1                                             | PHH Mortgage Trust Series 2008-CIM1                                             | CUSIP: 69337LAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    408688 | PA      | $375825.74    | 0.01%             | 2038-06-25      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Loan Extended Note Trust 2023-1                                     | Toyota Auto Loan Extended Note Trust 2023-1                                     | CUSIP: 89231WAA1<br>LEI: 5493000KI9FC40RVHF71 | Long             | ABS-O            | CORP              | US        |   7600000 | PA      | $7765164.72   | 0.22%             | 2036-06-25      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                                                | United States Treasury Note/Bond                                                | CUSIP: 91282CEV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 184000000 | PA      | $181520312.96 | 5.16%             | 2029-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust 2025-4                       | GM Financial Consumer Automobile Receivables Trust 2025-4                       | CUSIP: 36273EAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9500000 | PA      | $9491181.15   | 0.27%             | 2028-12-18      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2021-1                                                 | JP Morgan Mortgage Trust 2021-1                                                 | CUSIP: 46592EAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9303696 | PA      | $8596312.96   | 0.24%             | 2051-06-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bank NA                                                             | Fifth Third Bank NA                                                             | CUSIP: 31677QBU2<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2825309.31   | 0.08%             | 2028-01-28      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC36<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12898815.00  | 0.37%             | 2031-01-28      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| Bank of Ireland Group PLC                                                       | Bank of Ireland Group PLC                                                       | CUSIP: 06279JAD1<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |  14100000 | PA      | $14617251.59  | 0.42%             | 2030-03-20      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc                                                                    | Enbridge Inc                                                                    | CUSIP: 29250NBW4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |  11275000 | PA      | $11462788.17  | 0.33%             | 2026-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc                                                               | EOG Resources Inc                                                               | CUSIP: 26875PAX9<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |   4600000 | PA      | $4646463.91   | 0.13%             | 2028-07-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Amgen Inc                                                                       | Amgen Inc                                                                       | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   9100000 | PA      | $9303399.74   | 0.26%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| PRM5 Trust 2025-PRM5                                                            | PRM5 Trust 2025-PRM5                                                            | CUSIP: 693980AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4978019.50   | 0.14%             | 2033-03-10      | Variable      | 4.47%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Corp Trust 2021-PJ3                               | GS Mortgage-Backed Securities Corp Trust 2021-PJ3                               | CUSIP: 36262AAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2937979 | PA      | $2640716.00   | 0.08%             | 2051-08-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Voya 2012-4 Ltd                                                                 | Voya 2012-4 Ltd                                                                 | CUSIP: 92916GBE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    629010 | PA      | $628838.03    | 0.02%             | 2030-10-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Take-Two Interactive Software Inc                                               | Take-Two Interactive Software Inc                                               | CUSIP: 874054AM1<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |   7400000 | PA      | $7659792.54   | 0.22%             | 2029-06-12      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                                 | Fannie Mae Pool                                                                 | CUSIP: 31404XEH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      6126 | PA      | $6230.60      | 0.00%             | 2034-08-01      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                            | Royal Bank of Canada                                                            | CUSIP: 78016EZM2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  14700000 | PA      | $14603224.17  | 0.41%             | 2026-01-20      | Fixed         | 0.88%                 | No            |                  2 | On Loan: —       |
| Kinder Morgan Inc                                                               | Kinder Morgan Inc                                                               | CUSIP: 494553AD2<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10223587.60  | 0.29%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2023-8                                                 | JP Morgan Mortgage Trust 2023-8                                                 | CUSIP: 46657CAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5699999 | PA      | $5759644.56   | 0.16%             | 2054-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                                 | Fannie Mae Pool                                                                 | CUSIP: 31391TU55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      5535 | PA      | $5634.04      | 0.00%             | 2032-12-01      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                                                    | New York Life Global Funding                                                    | CUSIP: 64952WFK4<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4870028.93   | 0.14%             | 2029-12-05      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Navient Education Loan Trust 2025-A                                             | Navient Education Loan Trust 2025-A                                             | CUSIP: 63943EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4754882 | PA      | $4804520.31   | 0.14%             | 2055-07-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Bardot CLO Ltd                                                                  | Bardot CLO Ltd                                                                  | CUSIP: 06744NBQ9<br>LEI: 549300KP12IHV6MTDK86 | Long             | ABS-O            | CORP              | KY        |  10142504 | PA      | $10142818.07  | 0.29%             | 2032-10-22      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| OGE Energy Corp                                                                 | OGE Energy Corp                                                                 | CUSIP: 670837AD5<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10384100.20  | 0.30%             | 2029-05-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Navient Refinance Loan Trust 2025-B                                             | Navient Refinance Loan Trust 2025-B                                             | CUSIP: 63943NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12700000 | PA      | $12697005.34  | 0.36%             | 2055-09-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust 2024-B                                                      | CNH Equipment Trust 2024-B                                                      | CUSIP: 18978JAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1450962 | PA      | $1453945.85   | 0.04%             | 2027-10-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Williams Cos Inc/The                                                            | Williams Cos Inc/The                                                            | CUSIP: 969457CH1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7026218.15   | 0.20%             | 2026-03-02      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2021-A                                | Navient Private Education Refi Loan Trust 2021-A                                | CUSIP: 63942BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2634465 | PA      | $2412581.35   | 0.07%             | 2069-05-15      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| PSMC 2021-3 Trust                                                               | PSMC 2021-3 Trust                                                               | CUSIP: 69376DAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8531965 | PA      | $7711573.68   | 0.22%             | 2051-08-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                             | Societe Generale SA                                                             | CUSIP: 83368RCC4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |  12500000 | PA      | $12792657.88  | 0.36%             | 2029-04-13      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp                                                              | PFS Financing Corp                                                              | CUSIP: 69335PFE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13350000 | PA      | $13467887.18  | 0.38%             | 2029-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Guardian Life Global Funding                                                    | Guardian Life Global Funding                                                    | CUSIP: 40139LBC6<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |   8647000 | PA      | $8616430.52   | 0.24%             | 2025-12-10      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| CPS Auto Receivables Trust 2024-B                                               | CPS Auto Receivables Trust 2024-B                                               | CUSIP: 12627SAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1041196 | PA      | $1041922.73   | 0.03%             | 2028-01-18      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables 2024-D Owner Trust                                      | Toyota Auto Receivables 2024-D Owner Trust                                      | CUSIP: 89239TAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2644525 | PA      | $2648047.35   | 0.08%             | 2027-08-16      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12899950.50  | 0.37%             | 2031-04-23      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| N/A                                                                             | Futures                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       300 | NC      | $1764.30      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage Operating Co                                                     | Public Storage Operating Co                                                     | CUSIP: 74464AAA9<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |   9550000 | PA      | $9579653.13   | 0.27%             | 2027-04-16      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust 2025-2                                    | Westlake Automobile Receivables Trust 2025-2                                    | CUSIP: 96041KAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5900000 | PA      | $5909455.34   | 0.17%             | 2028-09-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| KRE Commercial Mortgage Trust 2025-AIP4                                         | KRE Commercial Mortgage Trust 2025-AIP4                                         | CUSIP: 50077KAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12600000 | PA      | $12584321.82  | 0.36%             | 2042-03-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity FedFund - Institutional Class                               | BlackRock Liquidity FedFund - Institutional Class                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |    290738 | NS      | $290737.67    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                                                                   | DTE Energy Co                                                                   | CUSIP: 233331BC0<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1938172.62   | 0.06%             | 2029-06-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                                                             | American Tower Corp                                                             | CUSIP: 03027XCL2<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3892427.78   | 0.11%             | 2030-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                                                         | HCA Inc                                                                         | CUSIP: 404119BW8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3124548.90   | 0.09%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GZU1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  10500000 | PA      | $10554096.32  | 0.30%             | 2028-08-23      | Variable      | 4.48%                 | No            |                  2 | On Loan: No      |
| Swedbank AB                                                                     | Swedbank AB                                                                     | CUSIP: 870195AC8<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |   8500000 | PA      | $8771709.81   | 0.25%             | 2029-11-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2024-HE3                                        | JP Morgan Mortgage Trust Series 2024-HE3                                        | CUSIP: 46658JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9673420 | PA      | $9673372.35   | 0.27%             | 2055-02-25      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   8400000 | PA      | $8464963.33   | 0.24%             | 2028-10-22      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| Mars Inc                                                                        | Mars Inc                                                                        | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   9400000 | PA      | $9602385.20   | 0.27%             | 2030-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| Lake Shore MM CLO II Ltd                                                        | Lake Shore MM CLO II Ltd                                                        | CUSIP: 510760AL5<br>LEI: 5493004NSSTVWDFT9W29 | Long             | ABS-O            | CORP              | KY        |   5300018 | PA      | $5296949.70   | 0.15%             | 2031-10-17      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                                 | Fannie Mae Pool                                                                 | CUSIP: 31391KNS2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      3091 | PA      | $3171.24      | 0.00%             | 2032-11-01      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Welltower OP LLC                                                                | Welltower OP LLC                                                                | CUSIP: 95041AAF5<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |  14000000 | PA      | $14152196.94  | 0.40%             | 2030-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank/The                                                       | Toronto-Dominion Bank/The                                                       | CUSIP: 89114QCP1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  14700000 | PA      | $14611646.83  | 0.42%             | 2026-01-06      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Public Service Enterprise Group Inc                                             | Public Service Enterprise Group Inc                                             | CUSIP: 744573AY2<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10296496.70  | 0.29%             | 2029-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Global Funding                                              | Northwestern Mutual Global Funding                                              | CUSIP: 66815L2U2<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |  12200000 | PA      | $12525302.75  | 0.36%             | 2030-01-13      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2020-4                                                   | Sequoia Mortgage Trust 2020-4                                                   | CUSIP: 81748RAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5851324 | PA      | $5454476.13   | 0.15%             | 2050-11-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| PacifiCorp                                                                      | PacifiCorp                                                                      | CUSIP: 695114DB1<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   9050000 | PA      | $9288725.79   | 0.26%             | 2029-02-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| MHP 2022-MHIL                                                                   | MHP 2022-MHIL                                                                   | CUSIP: 55293DAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    745093 | PA      | $744394.65    | 0.02%             | 2039-01-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                                                         | HCA Inc                                                                         | CUSIP: 404119DD8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1990266.62   | 0.06%             | 2030-11-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                                              | Canadian Imperial Bank of Commerce                                              | CUSIP: 13607LWT6<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   6900000 | PA      | $7021330.64   | 0.20%             | 2026-10-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: —       |
| Bunge Ltd Finance Corp                                                          | Bunge Ltd Finance Corp                                                          | CUSIP: 120568BE9<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $10988325.81  | 0.31%             | 2029-09-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Alliant Energy Finance LLC                                                      | Alliant Energy Finance LLC                                                      | CUSIP: 01882YAC0<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |   4600000 | PA      | $4546910.66   | 0.13%             | 2026-03-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2021-ACNT                                          | BX Commercial Mortgage Trust 2021-ACNT                                          | CUSIP: 05609QAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8581782 | PA      | $8571055.14   | 0.24%             | 2038-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp                                                              | PFS Financing Corp                                                              | CUSIP: 69335PEY7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $4553541.90   | 0.13%             | 2028-10-15      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Securities 2020-5 Trust                             | Wells Fargo Mortgage Backed Securities 2020-5 Trust                             | CUSIP: 95003BAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3642173 | PA      | $3391674.02   | 0.10%             | 2050-09-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                                                | Wells Fargo & Co                                                                | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4398672.99   | 0.12%             | 2031-01-24      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                                                | United States Treasury Note/Bond                                                | CUSIP: 91282CJT9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 126600000 | PA      | $127045077.49 | 3.61%             | 2027-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust 2021-E                                         | SMB Private Education Loan Trust 2021-E                                         | CUSIP: 78450MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7168374 | PA      | $6803433.26   | 0.19%             | 2051-02-15      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| DLLAD 2025-1 LLC                                                                | DLLAD 2025-1 LLC                                                                | CUSIP: 23347BAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12300000 | PA      | $12347514.90  | 0.35%             | 2028-11-20      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| SLM Private Credit Student Loan Trust 2006-A                                    | SLM Private Credit Student Loan Trust 2006-A                                    | CUSIP: 78443CCL6<br>LEI: 549300I2YWZ9E1B0EY33 | Long             | ABS-O            | CORP              | US        |   8210859 | PA      | $7891121.83   | 0.22%             | 2039-06-15      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Exelon Corp                                                                     | Exelon Corp                                                                     | CUSIP: 30161NBM2<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   6330000 | PA      | $6509870.75   | 0.18%             | 2029-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   6200000 | PA      | $6326099.07   | 0.18%             | 2028-04-22      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2020-F                                | Navient Private Education Refi Loan Trust 2020-F                                | CUSIP: 63941XAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1736545 | PA      | $1640565.26   | 0.05%             | 2069-07-15      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                            | Bank of America Corp                                                            | CUSIP: 06051GMK2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   9400000 | PA      | $9567538.55   | 0.27%             | 2029-01-24      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| Commonbond Student Loan Trust 2018-C-GS                                         | Commonbond Student Loan Trust 2018-C-GS                                         | CUSIP: 20267XAA1<br>LEI: 549300O1CSZVJJTIR319 | Long             | ABS-O            | CORP              | US        |   2012076 | PA      | $1955388.63   | 0.06%             | 2046-02-25      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                                 | Fannie Mae Pool                                                                 | CUSIP: 31374F5S4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       289 | PA      | $289.79       | 0.00%             | 2035-11-01      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp                                                       | Occidental Petroleum Corp                                                       | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   9500000 | PA      | $9698730.50   | 0.28%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Global Funding                                              | Northwestern Mutual Global Funding                                              | CUSIP: 66815L2A6<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |  14500000 | PA      | $14404587.68  | 0.41%             | 2026-01-14      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2020-D                                | Navient Private Education Refi Loan Trust 2020-D                                | CUSIP: 63941HAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2641490 | PA      | $2513410.46   | 0.07%             | 2069-05-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                                      | US Bancorp                                                                      | CUSIP: 91159HJQ4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   3675000 | PA      | $3797703.29   | 0.11%             | 2030-01-23      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co                                                                  | Eli Lilly & Co                                                                  | CUSIP: 532457CU0<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   6250000 | PA      | $6347974.94   | 0.18%             | 2028-02-12      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| NTT Finance Corp                                                                | NTT Finance Corp                                                                | CUSIP: 62954WAQ8<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |   9300000 | PA      | $9402893.34   | 0.27%             | 2028-07-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Empower CLO 2025-1 Ltd                                                          | Empower CLO 2025-1 Ltd                                                          | CUSIP: 29249DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  12600000 | PA      | $12616455.60  | 0.36%             | 2038-07-20      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                  | Morgan Stanley                                                                  | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10119019.00  | 0.29%             | 2030-10-18      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                                                       | Apple Inc                                                                       | CUSIP: 037833EY2<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |  11500000 | PA      | $11553793.78  | 0.33%             | 2028-05-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| ARES Trust 2025-IND3                                                            | ARES Trust 2025-IND3                                                            | CUSIP: 039955AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9200000 | PA      | $9200000.00   | 0.26%             | 2042-04-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Arthur J Gallagher & Co                                                         | Arthur J Gallagher & Co                                                         | CUSIP: 04316JAL3<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4287089.44   | 0.12%             | 2029-12-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Public Service Enterprise Group Inc                                             | Public Service Enterprise Group Inc                                             | CUSIP: 744573AW6<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8374980.24   | 0.24%             | 2028-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2025-HE1                                        | JP Morgan Mortgage Trust Series 2025-HE1                                        | CUSIP: 46593PAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  22693710 | PA      | $22660888.59  | 0.64%             | 2055-07-20      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| BofA Auto Trust 2025-1                                                          | BofA Auto Trust 2025-1                                                          | CUSIP: 05594BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2970119 | PA      | $2972065.43   | 0.08%             | 2027-11-22      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                  | Morgan Stanley                                                                  | CUSIP: 61747YFP5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2575000 | PA      | $2628259.91   | 0.07%             | 2028-04-13      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| 37 Capital CLO II                                                               | 37 Capital CLO II                                                               | CUSIP: 88429PAU6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |  10000000 | PA      | $9999360.00   | 0.28%             | 2034-07-15      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                  | BNP Paribas SA                                                                  | CUSIP: 09659W3C6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   8000000 | PA      | $8070496.88   | 0.23%             | 2029-05-09      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp                                                            | Lockheed Martin Corp                                                            | CUSIP: 539830CC1<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |  13350000 | PA      | $13557799.43  | 0.39%             | 2029-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia/The                                                         | Bank of Nova Scotia/The                                                         | CUSIP: 0641598K5<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   5300000 | PA      | $5180564.71   | 0.15%             | 2026-09-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| DBC 2025-DBC Mortgage Trust                                                     | DBC 2025-DBC Mortgage Trust                                                     | CUSIP: 23306HAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $10012500.00  | 0.28%             | 2038-06-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| TEXAS Commercial Mortgage Trust 2025-TWR                                        | TEXAS Commercial Mortgage Trust 2025-TWR                                        | CUSIP: 88231WAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7500000 | PA      | $7485937.50   | 0.21%             | 2042-04-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                                                | Wells Fargo & Co                                                                | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   6200000 | PA      | $6335790.48   | 0.18%             | 2028-04-22      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2019-A                                | Navient Private Education Refi Loan Trust 2019-A                                | CUSIP: 63941BAB1<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |    233907 | PA      | $233082.04    | 0.01%             | 2043-01-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Republic Services Inc                                                           | Republic Services Inc                                                           | CUSIP: 760759BL3<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $9213455.70   | 0.26%             | 2030-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                          | Diamondback Energy Inc                                                          | CUSIP: 25278XAY5<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7696344.53   | 0.22%             | 2030-01-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Sherwin-Williams Co/The                                                         | Sherwin-Williams Co/The                                                         | CUSIP: 824348BV7<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6542487.97   | 0.19%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Mountain CLO 6 Ltd                                                          | New Mountain CLO 6 Ltd                                                          | CUSIP: 647908AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   6300000 | PA      | $6305896.80   | 0.18%             | 2037-10-15      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2021-E                                | Navient Private Education Refi Loan Trust 2021-E                                | CUSIP: 63942EAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8353504 | PA      | $7513095.87   | 0.21%             | 2069-12-16      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                               | NatWest Group PLC                                                               | CUSIP: 639057AS7<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   9500000 | PA      | $9682102.94   | 0.28%             | 2030-08-15      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| 1988 CLO 2 Ltd                                                                  | 1988 CLO 2 Ltd                                                                  | CUSIP: 653947AJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   9750000 | PA      | $9739674.75   | 0.28%             | 2038-04-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc                                                                    | Enbridge Inc                                                                    | CUSIP: 29250NCB9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   3850000 | PA      | $3973219.40   | 0.11%             | 2029-04-05      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust 2022-C                                         | SMB Private Education Loan Trust 2022-C                                         | CUSIP: 78449CAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6527492 | PA      | $6518808.70   | 0.19%             | 2050-05-16      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2021-4                                                   | Sequoia Mortgage Trust 2021-4                                                   | CUSIP: 81748WAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15757540 | PA      | $14130477.88  | 0.40%             | 2051-06-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust 2025-1                       | GM Financial Consumer Automobile Receivables Trust 2025-1                       | CUSIP: 362955AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8563113 | PA      | $8571950.08   | 0.24%             | 2028-01-18      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2024-A                                | Navient Private Education Refi Loan Trust 2024-A                                | CUSIP: 63943CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7851073 | PA      | $8064535.57   | 0.23%             | 2072-10-15      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| AIB Group PLC                                                                   | AIB Group PLC                                                                   | CUSIP: 00135TAF1<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |   2500000 | PA      | $2574406.48   | 0.07%             | 2031-05-15      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc                                                             | Gilead Sciences Inc                                                             | CUSIP: 375558CB7<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5644932.21   | 0.16%             | 2029-11-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Commonbond Student Loan Trust 2021-A-GS                                         | Commonbond Student Loan Trust 2021-A-GS                                         | CUSIP: 20268WAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7524311 | PA      | $6424300.42   | 0.18%             | 2052-03-25      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Take-Two Interactive Software Inc                                               | Take-Two Interactive Software Inc                                               | CUSIP: 874054AK5<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |  10700000 | PA      | $10888933.65  | 0.31%             | 2028-03-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2025-CES1                                       | JP Morgan Mortgage Trust Series 2025-CES1                                       | CUSIP: 46658XAC9<br>LEI: 5299003TKRYXBBT76K08 | Long             | ABS-O            | CORP              | US        |   7442029 | PA      | $7495294.93   | 0.21%             | 2055-05-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| Solventum Corp                                                                  | Solventum Corp                                                                  | CUSIP: 83444MAP6<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |   3877000 | PA      | $4009712.42   | 0.11%             | 2029-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                                                         | CF Hippolyta Issuer LLC                                                         | CUSIP: 12530MAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  24098317 | PA      | $20032070.85  | 0.57%             | 2061-03-15      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| Schlumberger Holdings Corp                                                      | Schlumberger Holdings Corp                                                      | CUSIP: 806851AM3<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |   6400000 | PA      | $6583951.04   | 0.19%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust 2025-2                                             | Dell Equipment Finance Trust 2025-2                                             | CUSIP: 24703VAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6350000 | PA      | $6354254.50   | 0.18%             | 2028-02-22      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ONEOK Inc                                                                       | ONEOK Inc                                                                       | CUSIP: 682680CC5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7898672.80   | 0.22%             | 2029-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust 2024-4                       | GM Financial Consumer Automobile Receivables Trust 2024-4                       | CUSIP: 38014AAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4165899 | PA      | $4169993.85   | 0.12%             | 2027-10-18      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| Mars Inc                                                                        | Mars Inc                                                                        | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   6300000 | PA      | $6374183.57   | 0.18%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Centene Corp                                                                    | Centene Corp                                                                    | CUSIP: 15135BAR2<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |  16500000 | PA      | $16262297.70  | 0.46%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2004-A3                                                | JP Morgan Mortgage Trust 2004-A3                                                | CUSIP: 466247CV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     74911 | PA      | $71741.09     | 0.00%             | 2034-07-25      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| Magnetite XLVII Ltd                                                             | Magnetite XLVII Ltd                                                             | CUSIP: 559916AA9<br>LEI: 529900SMT5EN0CN67W73 | Long             | ABS-O            | CORP              | KY        |   6250000 | PA      | $6270106.25   | 0.18%             | 2038-01-25      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| MVW 2021-1W LLC                                                                 | MVW 2021-1W LLC                                                                 | CUSIP: 55389TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1269511 | PA      | $1218942.02   | 0.03%             | 2041-01-22      | Fixed         | 1.14%                 | No            |                  2 | On Loan: No      |
| Aon North America Inc                                                           | Aon North America Inc                                                           | CUSIP: 03740MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14000000 | PA      | $14402626.42  | 0.41%             | 2029-03-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                                                         | CF Hippolyta Issuer LLC                                                         | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13245594 | PA      | $11329711.48  | 0.32%             | 2060-07-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| GreatAmerica Leasing Receivables Funding LLC Series 2024-1                      | GreatAmerica Leasing Receivables Funding LLC Series 2024-1                      | CUSIP: 39154TCH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2152283 | PA      | $2155801.68   | 0.06%             | 2026-08-17      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GXN9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  14700000 | PA      | $14706657.78  | 0.42%             | 2026-12-09      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Alaska Airlines 2020-1 Class A Pass Through Trust                               | Alaska Airlines 2020-1 Class A Pass Through Trust                               | CUSIP: 01166VAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7904762 | PA      | $7926855.69   | 0.23%             | 2029-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| MVW 2023-2 LLC                                                                  | MVW 2023-2 LLC                                                                  | CUSIP: 55400WAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4940206 | PA      | $5067425.25   | 0.14%             | 2040-11-20      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| Southern Co/The                                                                 | Southern Co/The                                                                 | CUSIP: 842587DS3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |  10300000 | PA      | $10709345.48  | 0.30%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2004-S1                                                | JP Morgan Mortgage Trust 2004-S1                                                | CUSIP: 466247ER0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     72158 | PA      | $69258.69     | 0.00%             | 2034-09-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arbor Multifamily Mortgage Securities Trust 2022-MF4                            | Arbor Multifamily Mortgage Securities Trust 2022-MF4                            | CUSIP: 03882LAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5626622 | PA      | $5560833.52   | 0.16%             | 2055-02-15      | Variable      | 3.27%                 | No            |                  2 | On Loan: No      |
| Crown Castle Towers LLC                                                         | Crown Castle Towers LLC                                                         | CUSIP: 22822RBH2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1635313.52   | 0.05%             | 2048-07-15      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2021-B                                | Navient Private Education Refi Loan Trust 2021-B                                | CUSIP: 63942LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5883910 | PA      | $5380217.01   | 0.15%             | 2069-07-15      | Fixed         | 0.94%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                                 | Fannie Mae Pool                                                                 | CUSIP: 31407PRN0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     30566 | PA      | $31032.85     | 0.00%             | 2035-10-01      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Securities Trust 2021-MHC                   | JP Morgan Chase Commercial Mortgage Securities Trust 2021-MHC                   | CUSIP: 466330AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11430505 | PA      | $11426958.00  | 0.32%             | 2038-04-15      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                                 | Fannie Mae Pool                                                                 | CUSIP: 31371L5V7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      3468 | PA      | $3530.57      | 0.00%             | 2035-01-01      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| BFLD Commercial Mortgage Trust 2025-5MW                                         | BFLD Commercial Mortgage Trust 2025-5MW                                         | CUSIP: 088921AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8200000 | PA      | $8194047.62   | 0.23%             | 2042-10-10      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| Omega Healthcare Investors Inc                                                  | Omega Healthcare Investors Inc                                                  | CUSIP: 681936BP4<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6088204.20   | 0.17%             | 2030-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC / Charter Communications Operating Capital | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15680527.80  | 0.45%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust 2021-C                                                | Nelnet Student Loan Trust 2021-C                                                | CUSIP: 64035GAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4180130 | PA      | $3908795.05   | 0.11%             | 2062-04-20      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding XL-R Ltd                                                   | Madison Park Funding XL-R Ltd                                                   | CUSIP: 55823RAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  12750000 | PA      | $12768360.00  | 0.36%             | 2038-10-16      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2019-G                                | Navient Private Education Refi Loan Trust 2019-G                                | CUSIP: 63941JAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1826409 | PA      | $1776778.23   | 0.05%             | 2068-10-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Corp Trust 2023-SHIP                                     | GS Mortgage Securities Corp Trust 2023-SHIP                                     | CUSIP: 36270GAA9<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-MBS          | CORP              | US        |   2350000 | PA      | $2343144.35   | 0.07%             | 2038-09-10      | Variable      | 4.32%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust 2021-D                                                | Nelnet Student Loan Trust 2021-D                                                | CUSIP: 64034YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5714200 | PA      | $5431431.82   | 0.15%             | 2062-04-20      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| LBA Trust 2024-7IND                                                             | LBA Trust 2024-7IND                                                             | CUSIP: 52109XAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8367284 | PA      | $8372513.74   | 0.24%             | 2041-10-15      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| MHP 2021-STOR                                                                   | MHP 2021-STOR                                                                   | CUSIP: 55293BAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8800000 | PA      | $8783500.00   | 0.25%             | 2038-07-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Williams Cos Inc/The                                                            | Williams Cos Inc/The                                                            | CUSIP: 969457CR9<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   8750000 | PA      | $8815110.15   | 0.25%             | 2030-06-30      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust 2025-A                                        | World Omni Auto Receivables Trust 2025-A                                        | CUSIP: 98164YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9035356 | PA      | $9044786.60   | 0.26%             | 2028-04-17      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Dell International LLC / EMC Corp                                               | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAM8<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   9250000 | PA      | $9475066.10   | 0.27%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Megan Hoffmann

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

**Title:** Vice President and Treasurer