# EDGAR Filing Document

**Accession Number:** 0001005942
**File Stem:** 0001752724-25-153731
**Filing Date:** 2025-6
**Character Count:** 228764
**Document Hash:** 064b077334633e9ceb2648a05e5f973a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-153731.hdr.sgml**: 20250624

**ACCESSION NUMBER**: 0001752724-25-153731

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250624

**DATE AS OF CHANGE**: 20250624

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001005942

**ORGANIZATION NAME:**
- **EIN:** 043299786
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07513
- **FILM NUMBER:** 251068698

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6177601000

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

## Series and Classes Contracts Data

### Putnam Ultra Short Duration Income Fund (Series ID: S000034192)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000105375 | Class A        |  |
| C000105377 | Class C        |  |
| C000105379 | Class R        |  |
| C000105380 | Class Y        |  |
| C000118012 | Class R6       |  |
| C000207666 | Class N Shares |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Putnam Funds Trust

- **b. Investment Company Act file number:** 811-07513

- **c. CIK number of Registrant:** 0001005942

- **d. LEI of Registrant:** 549300S9JYWEMKQCLW53

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

  - **Street Address 1:** 100 Federal Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 617-292-1000

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

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

- **b. EDGAR series identifier (if any):** S000034192

- **c. LEI of Series:** 549300AUL3M7GYSCX444

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $10294420592.68

**Total Liabilities:** $44651409.04

**Net Assets:** $10249769183.64

**Cash Not Reported:** $360979.83

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 108741.93000000 | **1-Year:** 633291.92000000 | **5-Year:** 356829.07000000 | **10-Year:** 74.53000000 | **30-Year:** 2.26000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000105379 | 0.43%                | 0.34%                | 0.25%                |
| Class ID C000118012 | 0.47%                | 0.38%                | 0.29%                |
| Class ID C000207666 | 0.45%                | 0.36%                | 0.27%                |
| Class ID C000105377 | 0.43%                | 0.24%                | 0.35%                |
| Class ID C000105380 | 0.47%                | 0.38%                | 0.29%                |
| Class ID C000105375 | 0.46%                | 0.37%                | 0.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $686043.92               | $8733884.06                                |
| Month 2  | $517406.90               | $-4998462.32                               |
| Month 3  | $846697.53               | $-7642321.78                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Deutsche Bank AG                                          | Deutsche Bank AG                                                                 | CUSIP: 25160PAJ6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |  41491000 | PA      | $41577005.03  | 0.41%             | 2026-07-14      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank Ltd.                           | Sumitomo Mitsui Trust Bank Ltd.                                                  | CUSIP: 86563VBK4<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   9670000 | PA      | $9847907.21   | 0.10%             | 2026-09-14      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| SG Residential Mortgage Trust                             | SG Residential Mortgage Trust, Series 2022-1, Class A1                           | CUSIP: 78433QAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2392233 | PA      | $2209098.65   | 0.02%             | 2062-03-27      | Variable      | 3.17%                 | No            |                  2 | On Loan: No      |
| FNMA                                                      | FNMA, Series 2006-74, Class FL                                                   | CUSIP: 31396KMG4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     52509 | PA      | $51858.22     | 0.00%             | 2036-08-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                                      | Boston Properties LP                                                             | CUSIP: 10112RAX2<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |  46796000 | PA      | $46322075.85  | 0.45%             | 2026-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                        | General Motors Financial Co., Inc.                                               | CUSIP: 37045XDK9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   9301000 | PA      | $8961439.56   | 0.09%             | 2026-06-10      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                        | State Street Corp.                                                               | CUSIP: 857477CB7<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |  52216000 | PA      | $52224408.34  | 0.51%             | 2026-05-18      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                       | GS Mortgage-Backed Securities Trust, Series 2020-NQM1, Class A1                  | CUSIP: 36259WAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    925123 | PA      | $874488.28    | 0.01%             | 2060-09-27      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| Met Tower Global Funding                                  | Met Tower Global Funding                                                         | CUSIP: 58989V2J2<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |   9469000 | PA      | $9407091.02   | 0.09%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                        | Canadian Imperial Bank of Commerce                                               | CUSIP: 13607L8D8<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  32980000 | PA      | $33004854.39  | 0.32%             | 2027-06-28      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC                   | Daimler Truck Finance North America LLC                                          | CUSIP: 233853AX8<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |  24088000 | PA      | $23992448.44  | 0.23%             | 2027-09-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                           | BRAVO Residential Funding Trust, Series 2020-NQM1, Class A1                      | CUSIP: 105699AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1700713 | PA      | $1657845.43   | 0.02%             | 2060-05-25      | Variable      | 1.45%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                        | Banco Santander SA                                                               | CUSIP: 05964HBA2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |  19200000 | PA      | $19500975.55  | 0.19%             | 2028-03-14      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                     | Westpac Banking Corp.                                                            | CUSIP: 961214FM0<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |  38333000 | PA      | $38402510.38  | 0.37%             | 2025-11-17      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Huntington National Bank (The)                            | Huntington National Bank (The)                                                   | CUSIP: 44644MAL5<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |  45485000 | PA      | $45305646.73  | 0.44%             | 2028-04-12      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Walmart, Inc.                                             | Walmart, Inc.                                                                    | CUSIP: 931142FM0<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |  31670000 | PA      | $31726299.44  | 0.31%             | 2027-04-28      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Loan Enhanced Trust                       | Volkswagen Auto Loan Enhanced Trust, Series 2023-2, Class A2A                    | CUSIP: 92867YAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3585194 | PA      | $3596741.27   | 0.04%             | 2027-03-22      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| National Grid North America, Inc.                         | National Grid North America, Inc.                                                | CUSIP: 63627ASP4<br>LEI: 5Q3U0WRKWZZGRMPYFT08 | Long             | STIV             | CORP              | US        |  24475000 | PA      | $24402434.07  | 0.24%             | 2025-05-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                              | American Honda Finance Corp.                                                     | CUSIP: 02665WFS5<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  23250000 | PA      | $23119086.46  | 0.23%             | 2027-10-22      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp.                                           | Starbucks Corp.                                                                  | CUSIP: 855244BE8<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |  14161000 | PA      | $14174753.16  | 0.14%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                           | Danske Bank A/S                                                                  | CUSIP: 23636ABG5<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |  21256000 | PA      | $21610669.11  | 0.21%             | 2028-03-01      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Cos., Inc.                               | Marsh & McLennan Cos., Inc.                                                      | CUSIP: 57174VSW2<br>LEI: 549300XMP3KDCKJXIU47 | Long             | STIV             | CORP              | US        |  15000000 | PA      | $14941687.50  | 0.15%             | 2025-05-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                      | Mitsubishi UFJ Financial Group, Inc.                                             | CUSIP: 606822CL6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   8000000 | PA      | $8093368.64   | 0.08%             | 2028-07-20      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                                  | UnitedHealth Group, Inc.                                                         | CUSIP: 91324PFE7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |  18789000 | PA      | $18771691.20  | 0.18%             | 2026-07-15      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                     | FHLMC, Series 3611                                                               | CUSIP: 31398LSE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     12920 | PA      | $11470.30     | 0.00%             | 2034-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FMC Corp.                                                 | FMC Corp.                                                                        | CUSIP: 34410WS11<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | STIV             | CORP              | US        |  33072000 | PA      | $33067363.31  | 0.32%             | 2025-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                                  | Svenska Handelsbanken AB                                                         | CUSIP: 86959LAR4<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |   4260000 | PA      | $4257961.68   | 0.04%             | 2027-05-28      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                          | Bank of Montreal                                                                 | CUSIP: 06368MJH8<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |  27290000 | PA      | $27140538.13  | 0.26%             | 2029-01-27      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MAN5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |  15463000 | PA      | $15486604.89  | 0.15%             | 2025-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Station Place Securitization Trust                        | Station Place Securitization Trust, Series 2024-5, Class A                       | CUSIP: 85778YAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  35640000 | PA      | $35622461.56  | 0.35%             | 2025-08-04      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                               | ONEOK, Inc.                                                                      | CUSIP: 682680BH5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |  23903000 | PA      | $24203809.45  | 0.24%             | 2026-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Loan Enhanced Trust                       | Volkswagen Auto Loan Enhanced Trust, Series 2025-1, Class A2B                    | CUSIP: 92868MAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13962000 | PA      | $13963653.10  | 0.14%             | 2028-01-20      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon (The)                             | Bank of New York Mellon (The)                                                    | CUSIP: 06405LAD3<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |  23857000 | PA      | $23865607.61  | 0.23%             | 2026-05-22      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Metropolitan Life Global Funding I                        | Metropolitan Life Global Funding I                                               | CUSIP: 592179KD6<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |  32401000 | PA      | $32527325.67  | 0.32%             | 2026-01-06      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| First Franklin Mortgage Loan Trust                        | First Franklin Mortgage Loan Trust, Series 2006-FF7, Class 1A                    | CUSIP: 320277AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1162837 | PA      | $1154452.22   | 0.01%             | 2036-05-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Principal Life Global Funding II                          | Principal Life Global Funding II                                                 | CUSIP: 74256LFA2<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   9381000 | PA      | $9437299.13   | 0.09%             | 2027-08-19      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                                        | Crown Castle, Inc.                                                               | CUSIP: 22823PS61<br>LEI: 54930012H97VSM0I2R19 | Long             | STIV             | CORP              | US        |  29445000 | PA      | $29421243.77  | 0.29%             | 2025-05-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                    | Goldman Sachs Bank USA                                                           | CUSIP: 38151LAE0<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |  13087000 | PA      | $13056468.55  | 0.13%             | 2027-03-18      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                                 | OBX Trust, Series 2020-EXP2, Class A8                                            | CUSIP: 67448VAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    889961 | PA      | $781745.21    | 0.01%             | 2060-05-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                                 | OBX Trust, Series 2020-EXP2, Class A3                                            | CUSIP: 67448VAM2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9360257 | PA      | $7940589.43   | 0.08%             | 2060-05-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                      | JPMorgan Chase & Co.                                                             | CUSIP: 46647PET9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  38641000 | PA      | $38622150.53  | 0.38%             | 2029-01-24      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                              | UBS Group AG                                                                     | CUSIP: 225401AQ1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  13040000 | PA      | $13007008.02  | 0.13%             | 2026-06-05      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| Fidelity National Information Services, Inc.              | Fidelity National Information Services, Inc.                                     | CUSIP: 31621YS18<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | STIV             | CORP              | US        |  31970000 | PA      | $31965943.01  | 0.31%             | 2025-05-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust, Series 2018-4A, Class A1S                   | CUSIP: 64828FCQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2340198 | PA      | $2284147.19   | 0.02%             | 2048-01-25      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corp.                                        | Devon Energy Corp.                                                               | CUSIP: 25179MAV5<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |  46135000 | PA      | $46360713.18  | 0.45%             | 2025-12-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                            | Morgan Stanley                                                                   | CUSIP: 61747YEZ4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  23669000 | PA      | $23763094.45  | 0.23%             | 2027-01-28      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC                   | Mercedes-Benz Finance North America LLC                                          | CUSIP: 58769JBE6<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |  22730000 | PA      | $22827088.92  | 0.22%             | 2028-03-31      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                       | Intesa Sanpaolo SpA                                                              | CUSIP: 46115HBU0<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |  10589000 | PA      | $10713206.64  | 0.10%             | 2025-11-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank Ltd.                           | Sumitomo Mitsui Trust Bank Ltd.                                                  | CUSIP: 86563VBP3<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   9625000 | PA      | $9785029.77   | 0.10%             | 2027-03-07      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                            | Morgan Stanley                                                                   | CUSIP: 61747YFW0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  36625000 | PA      | $36870381.27  | 0.36%             | 2029-04-12      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                                  | Cooperatieve Rabobank UA                                                         | CUSIP: 21688ABK7<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |  18165000 | PA      | $18540376.82  | 0.18%             | 2028-01-21      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                   | Hyundai Capital America                                                          | CUSIP: 44891ADE4<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  37824000 | PA      | $37627264.14  | 0.37%             | 2027-06-24      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                       | Toyota Auto Receivables Owner Trust, Series 2023-B, Class A3                     | CUSIP: 891941AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10679801 | PA      | $10699168.13  | 0.10%             | 2028-02-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Imperial Fund Mortgage Trust                              | Imperial Fund Mortgage Trust, Series 2022-NQM2, Class A1                         | CUSIP: 45276PAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6626570 | PA      | $6342565.38   | 0.06%             | 2067-03-25      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                         | Wells Fargo & Co.                                                                | CUSIP: 95000U3U5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  40635000 | PA      | $40920003.32  | 0.40%             | 2029-04-23      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Bank of Ireland Group plc                                 | Bank of Ireland Group plc                                                        | CUSIP: 06279JAC3<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |  30126000 | PA      | $30285836.20  | 0.30%             | 2026-09-16      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust        | GM Financial Consumer Automobile Receivables Trust, Series 2024-1, Class A3      | CUSIP: 36268GAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10848000 | PA      | $10915815.19  | 0.11%             | 2028-12-18      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                                        | BMW US Capital LLC                                                               | CUSIP: 05565ECT0<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |  36601000 | PA      | $36626086.69  | 0.36%             | 2027-08-13      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                           | Citigroup, Inc.                                                                  | CUSIP: 17327CAX1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  36740000 | PA      | $36387536.28  | 0.36%             | 2029-03-04      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                       | Starwood Mortgage Residential Trust, Series 2021-4, Class A1                     | CUSIP: 85573PAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6626134 | PA      | $5857973.91   | 0.06%             | 2056-08-25      | Variable      | 1.16%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                            | Carvana Auto Receivables Trust, Series 2022-P2, Class A3                         | CUSIP: 14686JAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2407761 | PA      | $2405252.01   | 0.02%             | 2027-04-12      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                        | Ellington Financial Mortgage Trust, Series 2019-2, Class A1                      | CUSIP: 31573TAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1611250 | PA      | $1529233.96   | 0.01%             | 2059-11-25      | Variable      | 2.74%                 | No            |                  2 | On Loan: No      |
| Structured Asset Securities Corp. Mortgage Loan Trust     | Structured Asset Securities Corp. Mortgage Loan Trust, Series 2005-NC2, Class M5 | CUSIP: 86359DCR6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    647945 | PA      | $670785.69    | 0.01%             | 2035-05-25      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Swedbank AB                                               | Swedbank AB                                                                      | CUSIP: 87020PAT4<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |   7285000 | PA      | $7421915.24   | 0.07%             | 2027-09-20      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Carrington Mortgage Loan Trust                            | Carrington Mortgage Loan Trust, Series 2007-HE1, Class A3                        | CUSIP: 14454EAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1448436 | PA      | $1427434.04   | 0.01%             | 2037-06-25      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Chevron USA, Inc.                                         | Chevron USA, Inc.                                                                | CUSIP: 166756BC9<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |  18155000 | PA      | $18173264.84  | 0.18%             | 2028-02-26      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Realty Income Corp.                                       | Realty Income Corp.                                                              | CUSIP: 756109BQ6<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |   9393000 | PA      | $9386972.23   | 0.09%             | 2026-01-13      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                     | NextEra Energy Capital Holdings, Inc.                                            | CUSIP: 65339KDG2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   6350000 | PA      | $6452262.62   | 0.06%             | 2028-02-04      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Station Place Securitization Trust                        | Station Place Securitization Trust, Series 2024-2, Class A                       | CUSIP: 85770KAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  34000000 | PA      | $34028570.20  | 0.33%             | 2025-06-22      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                        | Ellington Financial Mortgage Trust, Series 2020-2, Class A1                      | CUSIP: 31573WAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    889880 | PA      | $834490.55    | 0.01%             | 2065-10-25      | Variable      | 1.18%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp.                                           | Air Lease Corp.                                                                  | CUSIP: 00914AAH5<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   8869000 | PA      | $8847061.02   | 0.09%             | 2025-07-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| RASC Trust                                                | RASC Trust, Series 2005-KS1, Class M2                                            | CUSIP: 76110WM45<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    534111 | PA      | $528105.27    | 0.01%             | 2035-02-25      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                       | Macquarie Bank Ltd.                                                              | CUSIP: 55608PBQ6<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |  14358000 | PA      | $14616145.50  | 0.14%             | 2026-12-07      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                                        | BMW US Capital LLC                                                               | CUSIP: 05565ECX1<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |  36265000 | PA      | $36188368.43  | 0.35%             | 2028-03-21      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Protective Life Global Funding                            | Protective Life Global Funding                                                   | CUSIP: 743672AE7<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |  28438000 | PA      | $28458454.03  | 0.28%             | 2026-04-10      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                     | FHLMC, Series 3316, Class CD                                                     | CUSIP: 31397HJC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     16730 | PA      | $17320.23     | 0.00%             | 2037-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                            | Hyundai Auto Receivables Trust, Series 2024-A, Class A2B                         | CUSIP: 448973AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2543673 | PA      | $2542906.42   | 0.02%             | 2027-04-15      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                              | Pacific Gas and Electric Co.                                                     | CUSIP: 694308KS5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |  18720000 | PA      | $18707968.28  | 0.18%             | 2025-09-04      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                   | BPCE SA                                                                          | CUSIP: 05583JAN2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |  37357000 | PA      | $37662961.30  | 0.37%             | 2027-01-18      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                            | Broadcom, Inc.                                                                   | CUSIP: 11135MS98<br>LEI: 549300WV6GIDOZJTV909 | Long             | STIV             | CORP              | US        |   5800000 | PA      | $5793342.76   | 0.06%             | 2025-05-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UDR, Inc.                                                 | UDR, Inc.                                                                        | CUSIP: 90352PS83<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | STIV             | CORP              | US        |  29645000 | PA      | $29614770.99  | 0.29%             | 2025-05-08      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank Ltd.                           | Sumitomo Mitsui Trust Bank Ltd.                                                  | CUSIP: 86563VBW8<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |  14045000 | PA      | $14071791.68  | 0.14%             | 2027-09-10      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                              | American Honda Finance Corp.                                                     | CUSIP: 02665WFW6<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  36305000 | PA      | $36256321.53  | 0.35%             | 2028-03-03      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co.                                            | DTE Energy Co.                                                                   | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   5610000 | PA      | $5668798.24   | 0.06%             | 2027-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | State Street Bank & Trust Co.                                                    | CUSIP: 857449AD4<br>LEI: 571474TGEMMWANRLN572 | Long             | DBT              | CORP              | US        |  13804000 | PA      | $13792573.46  | 0.13%             | 2026-11-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Hyatt Hotels Corp.                                        | Hyatt Hotels Corp.                                                               | CUSIP: 448579AQ5<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |  20526000 | PA      | $20885057.83  | 0.20%             | 2027-01-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NatWest Group plc                                         | NatWest Group plc                                                                | CUSIP: 639057AJ7<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   2693000 | PA      | $2718765.57   | 0.03%             | 2027-03-02      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                             | Netflix, Inc.                                                                    | CUSIP: 64110LAN6<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |   5155000 | PA      | $5176696.83   | 0.05%             | 2026-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                           | Danske Bank A/S                                                                  | CUSIP: 23636ABE0<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   1950000 | PA      | $1961272.25   | 0.02%             | 2026-09-22      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| Nationstar Home Equity Loan Trust                         | Nationstar Home Equity Loan Trust, Series 2007-B, Class 2AV4                     | CUSIP: 63860LAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2547534 | PA      | $2515120.92   | 0.02%             | 2037-04-25      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                                  | Electricite de France SA                                                         | CUSIP: 268317AS3<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | NUSS              | FR        |   8885000 | PA      | $8836993.55   | 0.09%             | 2025-10-13      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                       | Intesa Sanpaolo SpA                                                              | CUSIP: 46115K4V9<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | STIV             | CORP              | IT        |  22580000 | PA      | $22601462.29  | 0.22%             | 2025-10-10      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust                            | Long Beach Mortgage Loan Trust, Series 2005-2, Class M5                          | CUSIP: 542514KV5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    442479 | PA      | $439523.49    | 0.00%             | 2035-04-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                    | Truist Financial Corp.                                                           | CUSIP: 89788MAJ1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |  33430000 | PA      | $33625611.97  | 0.33%             | 2026-10-28      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                                 | Bank of Nova Scotia (The)                                                        | CUSIP: 064159HB5<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  18970000 | PA      | $18923308.57  | 0.18%             | 2025-12-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                 | Towd Point Mortgage Trust, Series 2018-1, Class A1                               | CUSIP: 89176EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1356001 | PA      | $1337300.80   | 0.01%             | 2058-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Cos., Inc.                               | Marsh & McLennan Cos., Inc.                                                      | CUSIP: 571748BZ4<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |  13905000 | PA      | $13890111.92  | 0.14%             | 2027-11-08      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                     | Targa Resources Corp.                                                            | CUSIP: 87613ES14<br>LEI: 5493003QENHHS261UR94 | Long             | STIV             | CORP              | US        |  57323000 | PA      | $57315261.40  | 0.56%             | 2025-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust        | GM Financial Consumer Automobile Receivables Trust, Series 2022-2, Class A3      | CUSIP: 362585AC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4282134 | PA      | $4260554.24   | 0.04%             | 2027-02-16      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                     | Bank of America Corp.                                                            | CUSIP: 06051GLE7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  46963000 | PA      | $47156345.73  | 0.46%             | 2027-01-20      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Dollar Tree, Inc.                                         | Dollar Tree, Inc.                                                                | CUSIP: 256746AG3<br>LEI: 549300PMSTQITB1WHR43 | Long             | DBT              | CORP              | US        |  11580000 | PA      | $11573642.23  | 0.11%             | 2025-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                      | JPMorgan Chase & Co.                                                             | CUSIP: 46647PEF9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  16934000 | PA      | $16951143.81  | 0.17%             | 2028-04-22      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Vulcan Materials Co.                                      | Vulcan Materials Co.                                                             | CUSIP: 92919TSD6<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | STIV             | CORP              | US        |   9250000 | PA      | $9234573.78   | 0.09%             | 2025-05-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                 | RTX Corp.                                                                        | CUSIP: 75513ECQ2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |  14820000 | PA      | $14881273.73  | 0.15%             | 2026-02-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Meta Platforms, Inc.                                      | Meta Platforms, Inc.                                                             | CUSIP: 30303M8G0<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   6865000 | PA      | $6813318.70   | 0.07%             | 2027-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Carmax Auto Owner Trust                                   | Carmax Auto Owner Trust, Series 2022-2, Class A3                                 | CUSIP: 14317HAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3536757 | PA      | $3524963.81   | 0.03%             | 2027-02-16      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares, Inc.                               | Huntington Bancshares, Inc.                                                      | CUSIP: 446150AM6<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |  10437000 | PA      | $10431361.20  | 0.10%             | 2025-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                     | Bank of America Corp.                                                            | CUSIP: 06051GMN6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  45633000 | PA      | $45286977.74  | 0.44%             | 2029-01-24      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| MFA Trust                                                 | MFA Trust, Series 2021-NQM1, Class A1                                            | CUSIP: 55283FAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3564980 | PA      | $3339332.33   | 0.03%             | 2065-04-25      | Variable      | 1.15%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                          | Bank of Montreal                                                                 | CUSIP: 06368L8M1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |  28076000 | PA      | $28060147.17  | 0.27%             | 2027-09-10      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                     | Athene Global Funding                                                            | CUSIP: 04685A4E8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  35576000 | PA      | $35814580.84  | 0.35%             | 2027-01-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Soundview Home Loan Trust                                 | Soundview Home Loan Trust, Series 2005-OPT3, Class M1                            | CUSIP: 83611MGU6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    703500 | PA      | $698914.75    | 0.01%             | 2035-11-25      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                                              | ING Groep NV                                                                     | CUSIP: 456837AX1<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   4400000 | PA      | $4405800.74   | 0.04%             | 2027-04-01      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                              | UBS Group AG                                                                     | CUSIP: 225401AY4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  23833000 | PA      | $23901583.51  | 0.23%             | 2026-07-15      | Fixed         | 6.37%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                      | JPMorgan Chase & Co.                                                             | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  26807000 | PA      | $27421914.78  | 0.27%             | 2028-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd.                                              | Nutrien Ltd.                                                                     | CUSIP: 67077USV3<br>LEI: 5493002QQ7GD21OWF963 | Long             | STIV             | CORP              | CA        |  27480000 | PA      | $27376136.59  | 0.27%             | 2025-05-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co. LP                               | Penske Truck Leasing Co. LP                                                      | CUSIP: 70962ASE7<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | STIV             | CORP              | US        |  17550000 | PA      | $17517776.45  | 0.17%             | 2025-05-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                              | Commercial Paper Zero Cpn 20/May/2025 Usd                                        | CUSIP: 57163TSL4<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  25000000 | PA      | $24934302.50  | 0.24%             | 2025-05-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                      | American Express Co.                                                             | CUSIP: 025816DM8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  37737000 | PA      | $37890440.15  | 0.37%             | 2026-10-30      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| NatWest Group plc                                         | NatWest Group plc                                                                | CUSIP: 639057AL2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   9420000 | PA      | $9583864.29   | 0.09%             | 2028-03-01      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                 | Towd Point Mortgage Trust, Series 2022-SJ1, Class A1B                            | CUSIP: 89180GAW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3066785 | PA      | $2992066.92   | 0.03%             | 2062-03-25      | Variable      | 3.61%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                                              | ING Groep NV                                                                     | CUSIP: 456837BP7<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |  27265000 | PA      | $27084242.32  | 0.26%             | 2029-03-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                                  | Svenska Handelsbanken AB                                                         | CUSIP: 86959LAR4<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |  19115000 | PA      | $19105853.85  | 0.19%             | 2027-05-28      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |  28966000 | PA      | $28030254.53  | 0.27%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                     | Athene Global Funding                                                            | CUSIP: 04685A3X7<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  25497000 | PA      | $25961928.87  | 0.25%             | 2027-07-09      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                   | BPCE SA                                                                          | CUSIP: 05583JAH5<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |  11156000 | PA      | $11001665.89  | 0.11%             | 2026-10-06      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                     | NextEra Energy Capital Holdings, Inc.                                            | CUSIP: 65339KAT7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   7304000 | PA      | $7190592.62   | 0.07%             | 2027-05-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co.                            | Hewlett Packard Enterprise Co.                                                   | CUSIP: 42824CAW9<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |  45389000 | PA      | $45415303.38  | 0.44%             | 2025-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Nationwide Building Society                               | Nationwide Building Society                                                      | CUSIP: 63861VAJ6<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |  36575000 | PA      | $37595620.25  | 0.37%             | 2027-10-18      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                          | Skandinaviska Enskilda Banken AB                                                 | CUSIP: 830505AZ6<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |  23865000 | PA      | $24255006.60  | 0.24%             | 2027-03-05      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                            | Morgan Stanley                                                                   | CUSIP: 61747YFN0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  19140000 | PA      | $19200220.56  | 0.19%             | 2028-04-13      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                     | Bank of America Corp.                                                            | CUSIP: 06051GKH1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  12591000 | PA      | $12638443.77  | 0.12%             | 2028-02-04      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                            | Broadcom, Inc.                                                                   | CUSIP: 11135FCE9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |  13762000 | PA      | $13964300.30  | 0.14%             | 2028-04-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group, Inc.                                    | WEC Energy Group, Inc.                                                           | CUSIP: 92930VSC8<br>LEI: 549300IGLYTZUK3PVP70 | Long             | STIV             | CORP              | US        |  22555000 | PA      | $22520398.37  | 0.22%             | 2025-05-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PNC Bank NA                                               | PNC Bank NA                                                                      | CUSIP: 69353RFW3<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |  18472000 | PA      | $18456569.41  | 0.18%             | 2027-01-15      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                        | Credit Agricole SA                                                               | CUSIP: 22534PAJ2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   2750000 | PA      | $2752742.11   | 0.03%             | 2027-03-11      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                           | BRAVO Residential Funding Trust, Series 2021-HE1, Class A1                       | CUSIP: 10569QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3308205 | PA      | $3301249.07   | 0.03%             | 2070-01-25      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust              | American Express Credit Account Master Trust, Series 2022-4, Class A             | CUSIP: 02582JJX9<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |  14150000 | PA      | $14178551.87  | 0.14%             | 2027-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                              | Barclays plc                                                                     | CUSIP: 06738EAN5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  21059000 | PA      | $21011664.84  | 0.20%             | 2026-01-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                                  | Lloyds Banking Group plc                                                         | CUSIP: 53944YAF0<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |  38283000 | PA      | $38281980.14  | 0.37%             | 2025-05-08      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                                        | BMW US Capital LLC                                                               | CUSIP: 05565ECN3<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |  14079000 | PA      | $14099217.87  | 0.14%             | 2026-08-13      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Vulcan Materials Co.                                      | Vulcan Materials Co.                                                             | CUSIP: 92919TSM6<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | STIV             | CORP              | US        |  30215000 | PA      | $30133328.86  | 0.29%             | 2025-05-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd.                                      | Macquarie Group Ltd.                                                             | CUSIP: 55608JBF4<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |  20967000 | PA      | $20985032.04  | 0.20%             | 2026-08-09      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| United States of America                                  | U.S. Treasury Notes                                                              | CUSIP: 91282CJB8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  47268000 | PA      | $47417616.93  | 0.46%             | 2025-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CRH America Finance, Inc.                                 | CRH America Finance, Inc.                                                        | CUSIP: 12636CSM3<br>LEI: 549300WEVUODRJ4CWK56 | Long             | STIV             | CORP              | US        |  31030000 | PA      | $30946125.91  | 0.30%             | 2025-05-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                       | Intesa Sanpaolo SpA                                                              | CUSIP: 46115LVP0<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | STIV             | CORP              | IT        |  25000000 | PA      | $25040640.00  | 0.24%             | 2025-08-18      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                                              | ING Groep NV                                                                     | CUSIP: 456837AX1<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   6054000 | PA      | $6061981.29   | 0.06%             | 2027-04-01      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                              | New York Life Global Funding                                                     | CUSIP: 64953BBL1<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |  47790000 | PA      | $47734647.23  | 0.47%             | 2027-04-02      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Securitized Asset-Backed Receivables LLC Trust            | Securitized Asset-Backed Receivables LLC Trust, Series 2006-CB1, Class AV1       | CUSIP: 81375WHF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    246251 | PA      | $245392.13    | 0.00%             | 2036-01-25      | Floating      | 3.16%                 | No            |                  2 | On Loan: No      |
| Home Depot, Inc. (The)                                    | Home Depot, Inc. (The)                                                           | CUSIP: 437076CY6<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |  16071000 | PA      | $16062910.02  | 0.16%             | 2025-12-24      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| GE HealthCare Technologies, Inc.                          | GE HealthCare Technologies, Inc.                                                 | CUSIP: 36267VAD5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |  36375000 | PA      | $36545756.25  | 0.36%             | 2025-11-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                 | Toyota Motor Credit Corp.                                                        | CUSIP: 89236TMR3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  13745000 | PA      | $13732068.29  | 0.13%             | 2026-04-10      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                     | Athene Global Funding                                                            | CUSIP: 04685A4M0<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  36191000 | PA      | $36012955.12  | 0.35%             | 2028-03-06      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Imperial Fund Mortgage Trust                              | Imperial Fund Mortgage Trust, Series 2023-NQM1, Class A1                         | CUSIP: 45290BAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8761759 | PA      | $8773660.46   | 0.09%             | 2068-02-25      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| PepsiCo, Inc.                                             | PepsiCo, Inc.                                                                    | CUSIP: 713448GD4<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |  18165000 | PA      | $18335187.16  | 0.18%             | 2027-02-07      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                        | Credit Agricole SA                                                               | CUSIP: 22534PAH6<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |  33674000 | PA      | $34229769.50  | 0.33%             | 2027-03-11      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                                  | Lloyds Banking Group plc                                                         | CUSIP: 53944YAT0<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   3299000 | PA      | $3297522.48   | 0.03%             | 2026-08-11      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                       | Toyota Auto Receivables Owner Trust, Series 2024-D, Class A2B                    | CUSIP: 89239TAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5748027 | PA      | $5748068.47   | 0.06%             | 2027-08-16      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| Illumina, Inc.                                            | Illumina, Inc.                                                                   | CUSIP: 452327AQ2<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |  18540000 | PA      | $18548610.35  | 0.18%             | 2026-09-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co. LP                               | Penske Truck Leasing Co. LP                                                      | CUSIP: 70962ASN7<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | STIV             | CORP              | US        |  30500000 | PA      | $30411431.05  | 0.30%             | 2025-05-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust                         | World Omni Auto Receivables Trust, Series 2024-A, Class A3                       | CUSIP: 98164RAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12945000 | PA      | $13017828.57  | 0.13%             | 2029-03-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| Protective Life Global Funding                            | Protective Life Global Funding                                                   | CUSIP: 74368CBX1<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |  14470000 | PA      | $14644112.73  | 0.14%             | 2027-01-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | Deutsche Bank AG                                                                 | CUSIP: 25160PAN7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |  17870000 | PA      | $18337444.89  | 0.18%             | 2027-07-13      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                                  | Cooperatieve Rabobank UA                                                         | CUSIP: 21688ABG6<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |  18730000 | PA      | $18755569.45  | 0.18%             | 2026-08-28      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                        | Energy Transfer LP                                                               | CUSIP: 29273RBG3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |  10474000 | PA      | $10470137.92  | 0.10%             | 2026-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                                  | Bristol-Myers Squibb Co.                                                         | CUSIP: 110122EE4<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   9625000 | PA      | $9784130.13   | 0.10%             | 2027-02-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                                 | Bank of Nova Scotia (The)                                                        | CUSIP: 06418GAM9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  37442000 | PA      | $37383713.66  | 0.36%             | 2028-09-08      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust        | GM Financial Consumer Automobile Receivables Trust, Series 2024-4, Class A2B     | CUSIP: 38014AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8444876 | PA      | $8443253.87   | 0.08%             | 2027-10-18      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                           | Citigroup, Inc.                                                                  | CUSIP: 172967MZ1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  26360000 | PA      | $26347320.31  | 0.26%             | 2027-06-09      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                     | FHLMC, Series 3539, Class PM                                                     | CUSIP: 31398EHW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3896 | PA      | $3818.93      | 0.00%             | 2037-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC                   | Mercedes-Benz Finance North America LLC                                          | CUSIP: 58769JBD8<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |  22730000 | PA      | $22641915.34  | 0.22%             | 2027-04-01      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                           | Goldman Sachs Group, Inc. (The)                                                  | CUSIP: 38145GAN0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  18810000 | PA      | $18842015.94  | 0.18%             | 2026-08-10      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                        | Credit Agricole SA                                                               | CUSIP: 22535WAM9<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |  17672000 | PA      | $17673321.51  | 0.17%             | 2028-09-11      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                     | Westpac Banking Corp.                                                            | CUSIP: 961214FX6<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |  46236000 | PA      | $46244484.77  | 0.45%             | 2026-10-20      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                       | Starwood Mortgage Residential Trust, Series 2022-2, Class A1                     | CUSIP: 85573UAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6355804 | PA      | $6066699.02   | 0.06%             | 2067-02-25      | Variable      | 3.16%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                           | BRAVO Residential Funding Trust, Series 2021-NQM2, Class A1                      | CUSIP: 10569EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2687391 | PA      | $2595953.90   | 0.03%             | 2060-03-25      | Variable      | 0.97%                 | No            |                  2 | On Loan: No      |
| GCAT Trust                                                | GCAT Trust, Series 2019-NQM3, Class A1                                           | CUSIP: 36167VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1325225 | PA      | $1291489.19   | 0.01%             | 2059-11-25      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| Protective Life Global Funding                            | Protective Life Global Funding                                                   | CUSIP: 74368CBZ6<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |  28010000 | PA      | $27982070.39  | 0.27%             | 2027-09-13      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA REPO                                       | BNP PARIBAS SA REPO                                                              | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | RA               | CORP              | FR        |  25000000 | PA      | $25000000.00  | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                                 | Bank of Nova Scotia (The)                                                        | CUSIP: 06418GAR8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  27545000 | PA      | $27341027.90  | 0.27%             | 2029-02-14      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                               | Capital One Financial Corp.                                                      | CUSIP: 14040HBN4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  17225000 | PA      | $17009007.46  | 0.17%             | 2027-03-09      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                       | Macquarie Bank Ltd.                                                              | CUSIP: 55608XAB3<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |  28000000 | PA      | $27984188.12  | 0.27%             | 2025-06-10      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd.                | Australia & New Zealand Banking Group Ltd.                                       | CUSIP: 05252ADL2<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |  43314000 | PA      | $43433038.13  | 0.42%             | 2027-07-16      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon (The)                             | Bank of New York Mellon (The)                                                    | CUSIP: 06405LAF8<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |  13430000 | PA      | $13481689.38  | 0.13%             | 2027-04-20      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                     | Targa Resources Corp.                                                            | CUSIP: 87613ESP1<br>LEI: 5493003QENHHS261UR94 | Long             | STIV             | CORP              | US        |  22085000 | PA      | $22015348.33  | 0.21%             | 2025-05-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner Trust                       | Nissan Auto Receivables Owner Trust, Series 2023-B, Class A2A                    | CUSIP: 65480MAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3763836 | PA      | $3768037.62   | 0.04%             | 2026-05-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MAS4<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |  31986000 | PA      | $31278024.43  | 0.31%             | 2026-01-30      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC                   | Volkswagen Group of America Finance LLC                                          | CUSIP: 928668CD2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  47860000 | PA      | $47858142.07  | 0.47%             | 2026-03-20      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                              | Oracle Corp.                                                                     | CUSIP: 68389XCC7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  22760000 | PA      | $22185715.58  | 0.22%             | 2026-03-25      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| NiSource, Inc.                                            | NiSource, Inc.                                                                   | CUSIP: 65473PAK1<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |  21041000 | PA      | $20822954.22  | 0.20%             | 2025-08-15      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                                 | Bank of Nova Scotia (The)                                                        | CUSIP: 06418GAG2<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  37930000 | PA      | $37895743.90  | 0.37%             | 2027-06-04      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC                   | Mercedes-Benz Finance North America LLC                                          | CUSIP: 58769JBB2<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |  36948000 | PA      | $37109755.02  | 0.36%             | 2026-11-13      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                      | American Express Co.                                                             | CUSIP: 025816DX4<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  15490000 | PA      | $15551548.28  | 0.15%             | 2028-07-26      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                 | Towd Point Mortgage Trust, Series 2019-HY2, Class A1                             | CUSIP: 89177HAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    316157 | PA      | $324364.66    | 0.00%             | 2058-05-25      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                            | Commonwealth Bank of Australia                                                   | CUSIP: 2027A0KW8<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |  22760000 | PA      | $22744858.68  | 0.22%             | 2028-03-14      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Sherwin-Williams Co. (The)                                | Sherwin-Williams Co. (The)                                                       | CUSIP: 824348BR6<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |  14027000 | PA      | $14008153.04  | 0.14%             | 2025-08-08      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                                      | American Tower Corp.                                                             | CUSIP: 03027XBB5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   5467000 | PA      | $5397118.78   | 0.05%             | 2025-09-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                              | Barclays plc                                                                     | CUSIP: 06738ECF0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  13660000 | PA      | $13804210.67  | 0.13%             | 2027-05-09      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Conagra Brands, Inc.                                      | Conagra Brands, Inc.                                                             | CUSIP: 20600GS23<br>LEI: 54930035UDEIH090K650 | Long             | STIV             | CORP              | US        |  28706000 | PA      | $28698559.40  | 0.28%             | 2025-05-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cabot Corp.                                               | Cabot Corp.                                                                      | CUSIP: 12705WS11<br>LEI: K05C0SER542GQ6VLRO68 | Long             | STIV             | CORP              | US        |  37342000 | PA      | $37337302.38  | 0.36%             | 2025-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                              | Oracle Corp.                                                                     | CUSIP: 68389XCX1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  18145000 | PA      | $18183541.98  | 0.18%             | 2028-08-03      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Huntington Auto Trust                                     | Huntington Auto Trust, Series 2024-1A, Class A2                                  | CUSIP: 446144AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4262591 | PA      | $4269186.29   | 0.04%             | 2027-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lennar Corp.                                              | Lennar Corp.                                                                     | CUSIP: 526057CT9<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |   7899000 | PA      | $7918799.71   | 0.08%             | 2026-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                 | RTX Corp.                                                                        | CUSIP: 78109FST0<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | STIV             | CORP              | US        |  25500000 | PA      | $25410574.05  | 0.25%             | 2025-05-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                               | Toronto-Dominion Bank (The)                                                      | CUSIP: 89115GH77<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  37315000 | PA      | $37348044.30  | 0.36%             | 2025-08-29      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Santander UK Group Holdings plc                           | Santander UK Group Holdings plc                                                  | CUSIP: 80281LAS4<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |  26104000 | PA      | $26371067.15  | 0.26%             | 2026-11-21      | Fixed         | 6.83%                 | No            |                  2 | On Loan: No      |
| CNO Global Funding                                        | CNO Global Funding                                                               | CUSIP: 18977W2G4<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |   7908000 | PA      | $7974436.45   | 0.08%             | 2027-12-10      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                              | Barclays plc                                                                     | CUSIP: 06738EBZ7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  24224000 | PA      | $24237820.76  | 0.24%             | 2026-08-09      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| National Bank of Canada                                   | National Bank of Canada                                                          | CUSIP: 63307A3A1<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |  20090000 | PA      | $20332288.21  | 0.20%             | 2027-07-02      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust, Series 2019-NQM4, Class A1                  | CUSIP: 64828EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1362431 | PA      | $1290940.43   | 0.01%             | 2059-09-25      | Variable      | 2.49%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC                   | Volkswagen Group of America Finance LLC                                          | CUSIP: 928668CK6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  26980000 | PA      | $27019578.31  | 0.26%             | 2026-08-14      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Harley-Davidson Motorcycle Trust                          | Harley-Davidson Motorcycle Trust, Series 2023-B, Class A2                        | CUSIP: 41285YAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1060153 | PA      | $1061106.47   | 0.01%             | 2026-12-15      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| Cargill, Inc.                                             | Cargill, Inc.                                                                    | CUSIP: 141781CC6<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |  31820000 | PA      | $31732950.34  | 0.31%             | 2028-02-11      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                                  | Lloyds Banking Group plc                                                         | CUSIP: 539439AY5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |  22697000 | PA      | $23056186.61  | 0.22%             | 2027-08-07      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                                 | OBX Trust, Series 2020-EXP3, Class 2A1                                           | CUSIP: 67448WBD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    224010 | PA      | $224397.80    | 0.00%             | 2060-01-25      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                           | BRAVO Residential Funding Trust, Series 2021-NQM1, Class A1                      | CUSIP: 10569TAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2225856 | PA      | $2080857.31   | 0.02%             | 2049-02-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                      | Mitsubishi UFJ Financial Group, Inc.                                             | CUSIP: 606822CL6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |  13580000 | PA      | $13738493.27  | 0.13%             | 2028-07-20      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Galton Funding Mortgage Trust                             | Galton Funding Mortgage Trust, Series 2019-2, Class A22                          | CUSIP: 36418AAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1684928 | PA      | $1535415.19   | 0.01%             | 2059-06-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust, Series 2019-5, Class A1                                | CUSIP: 03464KAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    307184 | PA      | $302561.67    | 0.00%             | 2049-10-25      | Variable      | 2.59%                 | No            |                  2 | On Loan: No      |
| Citizens Auto Receivables Trust                           | Citizens Auto Receivables Trust, Series 2023-2, Class A2A                        | CUSIP: 17295FAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    743327 | PA      | $743999.17    | 0.01%             | 2026-10-15      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC                   | Mercedes-Benz Finance North America LLC                                          | CUSIP: 58769JAU1<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |  14112000 | PA      | $14172572.94  | 0.14%             | 2027-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| First Frankin Mortgage Loan Trust                         | First Frankin Mortgage Loan Trust, Series 2006-FF3, Class A2C                    | CUSIP: 362334AV6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    292328 | PA      | $291350.60    | 0.00%             | 2036-02-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Hyatt Hotels Corp.                                        | Hyatt Hotels Corp.                                                               | CUSIP: 448579AF9<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |  31438000 | PA      | $31454740.42  | 0.31%             | 2026-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                        | General Motors Financial Co., Inc.                                               | CUSIP: 37045XEW2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  20095000 | PA      | $19755033.19  | 0.19%             | 2027-07-15      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Mid-America Apartments LP                                 | Mid-America Apartments LP                                                        | CUSIP: 59524NS52<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | STIV             | CORP              | US        |  20450000 | PA      | $20436993.80  | 0.20%             | 2025-05-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RAMP Trust                                                | RAMP Trust, Series 2006-EFC2, Class A4                                           | CUSIP: 749238AD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    224943 | PA      | $222714.00    | 0.00%             | 2036-12-25      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                            | Hyundai Auto Receivables Trust, Series 2023-B, Class A3                          | CUSIP: 44933XAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  38437254 | PA      | $38705515.78  | 0.38%             | 2028-04-17      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| Agree LP                                                  | Agree LP                                                                         | CUSIP: 00852WS82<br>LEI: 549300DXY3G299V1BO77 | Long             | STIV             | CORP              | US        |  22030000 | PA      | $22006615.16  | 0.21%             | 2025-05-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                                  | Cooperatieve Rabobank UA                                                         | CUSIP: 21688ABA9<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |  23840000 | PA      | $23915855.78  | 0.23%             | 2026-01-09      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Intercontinental Exchange, Inc.                                                  | CUSIP: 45856WS26<br>LEI: 5493000F4ZO33MV32P92 | Long             | STIV             | CORP              | US        |  30990000 | PA      | $30982035.57  | 0.30%             | 2025-05-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                  | U.S. Treasury Notes                                                              | CUSIP: 91282CKK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  48372000 | PA      | $48827562.18  | 0.48%             | 2026-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FNMA                                                      | FNMA, Series 2005-63, Class FC                                                   | CUSIP: 31394EGS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    153283 | PA      | $151974.93    | 0.00%             | 2031-10-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                                       | Kinder Morgan, Inc.                                                              | CUSIP: 49456BAF8<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   4760000 | PA      | $4756682.95   | 0.05%             | 2025-06-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| STAR Trust                                                | STAR Trust, Series 2021-1, Class A1                                              | CUSIP: 85573GAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3265957 | PA      | $3055445.14   | 0.03%             | 2065-05-25      | Variable      | 1.22%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                     | Sumitomo Mitsui Financial Group, Inc.                                            | CUSIP: 86562MCR9<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |  32249000 | PA      | $33233523.27  | 0.32%             | 2028-01-13      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Sherwin Williams Co. (The)                                | Commercial Paper Zero Cpn 19/May/2025 Usd                                        | CUSIP: 82434TSK7<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  30980000 | PA      | $30907478.92  | 0.30%             | 2025-05-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Agree LP                                                  | Agree LP                                                                         | CUSIP: 00852WS17<br>LEI: 549300DXY3G299V1BO77 | Long             | STIV             | CORP              | US        |  18970000 | PA      | $18967486.48  | 0.19%             | 2025-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Arthur J Gallagher & Co.                                  | Arthur J Gallagher & Co.                                                         | CUSIP: 04316JAK5<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |  24256000 | PA      | $24451743.49  | 0.24%             | 2027-12-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                 | Towd Point Mortgage Trust, Series 2019-HY1, Class A1                             | CUSIP: 89177EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2423341 | PA      | $2433578.67   | 0.02%             | 2048-10-25      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                           | BRAVO Residential Funding Trust, Series 2023-NQM4, Class A1                      | CUSIP: 10569YAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12170490 | PA      | $12243314.07  | 0.12%             | 2063-05-25      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                            | Broadcom, Inc.                                                                   | CUSIP: 11135MSD9<br>LEI: 549300WV6GIDOZJTV909 | Long             | STIV             | CORP              | US        |  27290000 | PA      | $27244635.83  | 0.27%             | 2025-05-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                                              | ING Groep NV                                                                     | CUSIP: 456837BF9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |  20309000 | PA      | $20724338.55  | 0.20%             | 2027-09-11      | Fixed         | 6.08%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                        | State Street Corp.                                                               | CUSIP: 857477CE1<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |  19120000 | PA      | $19122241.06  | 0.19%             | 2026-08-03      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Banque Federative du Credit Mutuel SA                     | Banque Federative du Credit Mutuel SA                                            | CUSIP: 06675FBA4<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |  23865000 | PA      | $24258762.95  | 0.24%             | 2026-07-13      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Intercontinental Exchange, Inc.                                                  | CUSIP: 45856WS59<br>LEI: 5493000F4ZO33MV32P92 | Long             | STIV             | CORP              | US        |  33740000 | PA      | $33718305.18  | 0.33%             | 2025-05-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Essex Portfolio LP                                        | Essex Portfolio LP                                                               | CUSIP: 29717PAQ0<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              | CORP              | US        |   6504000 | PA      | $6424392.28   | 0.06%             | 2026-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                              | Commercial Paper Zero Cpn 05/May/2025 Usd                                        | CUSIP: 57163TS59<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  27800000 | PA      | $27782021.74  | 0.27%             | 2025-05-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust, Series 2020-1, Class A1                              | CUSIP: 92536PAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    414912 | PA      | $407118.57    | 0.00%             | 2060-01-25      | Fixed         | 2.42%                 | No            |                  2 | On Loan: No      |
| Ameriquest Mortgage Securities, Inc.                      | Ameriquest Mortgage Securities, Inc., Series 2005-R9, Class M1                   | CUSIP: 03072SQ32<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2595569 | PA      | $2549171.85   | 0.02%             | 2035-11-25      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| AvalonBay Communities, Inc.                               | AvalonBay Communities, Inc.                                                      | CUSIP: 05348AS65<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | STIV             | CORP              | US        |  23810000 | PA      | $23791816.30  | 0.23%             | 2025-05-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Cos., Inc.                               | Marsh & McLennan Cos., Inc.                                                      | CUSIP: 57174VSM4<br>LEI: 549300XMP3KDCKJXIU47 | Long             | STIV             | CORP              | US        |  35600000 | PA      | $35503773.20  | 0.35%             | 2025-05-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Auto Trust                                | Bank of America Auto Trust, Series 2023-2A, Class A2                             | CUSIP: 06054YAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1174524 | PA      | $1175851.85   | 0.01%             | 2026-08-17      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                              | Barclays plc                                                                     | CUSIP: 06738ECJ2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  26815000 | PA      | $27426077.92  | 0.27%             | 2027-09-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bank NA                                       | Fifth Third Bank NA                                                              | CUSIP: 31677QBU2<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |  11945000 | PA      | $12020633.11  | 0.12%             | 2028-01-28      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                           | Citigroup, Inc.                                                                  | CUSIP: 172967NX5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  43688000 | PA      | $43841788.75  | 0.43%             | 2026-09-29      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                            | Morgan Stanley                                                                   | CUSIP: 61747YEX9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  11580000 | PA      | $11651932.64  | 0.11%             | 2026-10-16      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                                        | BMW US Capital LLC                                                               | CUSIP: 05565ECU7<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |  22670000 | PA      | $22803012.60  | 0.22%             | 2027-03-19      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Mutual of Omaha Cos. Global Funding                       | Mutual of Omaha Cos. Global Funding                                              | CUSIP: 62829D2A7<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |  21220000 | PA      | $21540497.12  | 0.21%             | 2026-07-27      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                      | Royal Bank of Canada                                                             | CUSIP: 78016HZY9<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  42037000 | PA      | $42062096.09  | 0.41%             | 2027-07-23      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                                  | Lloyds Banking Group plc                                                         | CUSIP: 53944YAW3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |  17173000 | PA      | $17284035.64  | 0.17%             | 2027-08-07      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                            | Broadcom, Inc.                                                                   | CUSIP: 11135MSL1<br>LEI: 549300WV6GIDOZJTV909 | Long             | STIV             | CORP              | US        |  13830000 | PA      | $13794339.35  | 0.13%             | 2025-05-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                          | Bank of Montreal                                                                 | CUSIP: 06367WB85<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |  10188000 | PA      | $10188000.00  | 0.10%             | 2025-05-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                            | Broadcom, Inc.                                                                   | CUSIP: 11135FBZ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |  20679000 | PA      | $21010288.54  | 0.20%             | 2027-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                   | Hyundai Capital America                                                          | CUSIP: 44891ADJ3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  23376000 | PA      | $23173481.79  | 0.23%             | 2027-09-24      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                       | Toyota Auto Receivables Owner Trust, Series 2022-C, Class A3                     | CUSIP: 89231CAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2347039 | PA      | $2337757.06   | 0.02%             | 2027-04-15      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                                  | John Deere Capital Corp.                                                         | CUSIP: 24422EYA1<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |  36395000 | PA      | $36333176.18  | 0.35%             | 2028-03-06      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline LP / PAA Finance Corp.       | Plains All American Pipeline LP / PAA Finance Corp.                              | CUSIP: 72650RBJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  31677000 | PA      | $31629977.71  | 0.31%             | 2025-10-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Vulcan Materials Co.                                      | Vulcan Materials Co.                                                             | CUSIP: 92919TSL8<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | STIV             | CORP              | US        |  35250000 | PA      | $35159291.18  | 0.34%             | 2025-05-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                        | Banco Santander SA                                                               | CUSIP: 05971KAE9<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    175000 | PA      | $174699.66    | 0.00%             | 2025-05-28      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                           | Goldman Sachs Group, Inc. (The)                                                  | CUSIP: 38141GVX9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1029000 | PA      | $1046001.13   | 0.01%             | 2027-10-28      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                        | State Street Corp.                                                               | CUSIP: 857477CQ4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |  15722000 | PA      | $15669337.90  | 0.15%             | 2027-10-22      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| National Grid North America, Inc.                         | National Grid North America, Inc.                                                | CUSIP: 63627AUV8<br>LEI: 5Q3U0WRKWZZGRMPYFT08 | Long             | STIV             | CORP              | US        |  20740000 | PA      | $20498119.75  | 0.20%             | 2025-07-29      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp.                                           | Air Lease Corp.                                                                  | CUSIP: 00913WS14<br>LEI: 5493004NW4M4P8TMMK63 | Long             | STIV             | CORP              | US        |  18540000 | PA      | $18537552.72  | 0.18%             | 2025-05-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                                 | Bank of Nova Scotia (The)                                                        | CUSIP: 06418JAA9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  20938000 | PA      | $21251843.24  | 0.21%             | 2026-12-07      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                                     | Arroyo Mortgage Trust, Series 2019-2, Class A1                                   | CUSIP: 042858AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2365914 | PA      | $2291406.71   | 0.02%             | 2049-04-25      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| ABN AMRO Bank NV                                          | ABN AMRO Bank NV                                                                 | CUSIP: 00084DBD1<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |  22400000 | PA      | $22615609.86  | 0.22%             | 2028-12-03      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Discover Card Execution Note Trust                        | Discover Card Execution Note Trust, Series 2022-A4, Class A                      | CUSIP: 254683CX1<br>LEI: 549300CKCX1QE4RUW216 | Long             | ABS-O            | CORP              | US        |  21656000 | PA      | $21703807.79  | 0.21%             | 2027-10-15      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.                         | Philip Morris International, Inc.                                                | CUSIP: 718172DS5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |  45700000 | PA      | $45755903.90  | 0.45%             | 2028-04-28      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Georgia Power Co.                                         | Georgia Power Co.                                                                | CUSIP: 373334KZ3<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |  13615000 | PA      | $13559437.32  | 0.13%             | 2026-09-15      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| Camden Property Trust                                     | Camden Property Trust                                                            | CUSIP: 133131BA9<br>LEI: 5493002MYX22OHYJBD89 | Long             | DBT              | CORP              | US        |  41027000 | PA      | $41889293.59  | 0.41%             | 2026-11-03      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                                     | Dominion Energy, Inc.                                                            | CUSIP: 25746UCE7<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |  11046000 | PA      | $11016002.27  | 0.11%             | 2025-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| AvalonBay Communities, Inc.                               | AvalonBay Communities, Inc.                                                      | CUSIP: 05348AS73<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | STIV             | CORP              | US        |  35265000 | PA      | $35233561.25  | 0.34%             | 2025-05-07      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Owens Corning                                             | Owens Corning                                                                    | CUSIP: 69073USE1<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | STIV             | CORP              | US        |  28305000 | PA      | $28254297.25  | 0.28%             | 2025-05-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                                        | Crown Castle, Inc.                                                               | CUSIP: 22823PSD6<br>LEI: 54930012H97VSM0I2R19 | Long             | STIV             | CORP              | US        |  30905000 | PA      | $30850727.73  | 0.30%             | 2025-05-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                                  | John Deere Capital Corp.                                                         | CUSIP: 24422EXS3<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |  41230000 | PA      | $41267480.96  | 0.40%             | 2027-06-11      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust, Series 2020-5, Class A1                              | CUSIP: 92538CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3102722 | PA      | $3003033.57   | 0.03%             | 2065-05-25      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                           | Goldman Sachs Group, Inc. (The)                                                  | CUSIP: 38141GC85<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  22575000 | PA      | $22661796.81  | 0.22%             | 2028-04-23      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT Funding LLC, Series 2021-3R, Class A1                                       | CUSIP: 19688DAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1772545 | PA      | $1622528.18   | 0.02%             | 2064-12-25      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                                 | Corebridge Global Funding                                                        | CUSIP: 00138CAY4<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |  23645000 | PA      | $23925151.40  | 0.23%             | 2026-06-24      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                                  | Cooperatieve Rabobank UA                                                         | CUSIP: 21684AAC0<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |  35025000 | PA      | $34959819.18  | 0.34%             | 2025-08-04      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                            | Carvana Auto Receivables Trust, Series 2021-P4, Class A3                         | CUSIP: 14687KAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2988970 | PA      | $2979890.36   | 0.03%             | 2027-01-11      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| Public Storage Operating Co.                              | Public Storage Operating Co.                                                     | CUSIP: 74464AAA9<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |  36921000 | PA      | $36721393.26  | 0.36%             | 2027-04-16      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Campbell's Co. (The)                                      | Campbell's Co. (The)                                                             | CUSIP: 134429BL2<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |  19444000 | PA      | $19561404.82  | 0.19%             | 2026-03-20      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust, Series 2020-3, Class A1                                | CUSIP: 03465LAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6346768 | PA      | $5984382.27   | 0.06%             | 2065-04-25      | Variable      | 1.69%                 | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                            | Commonwealth Bank of Australia                                                   | CUSIP: 2027A0KV0<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |  36945000 | PA      | $36930878.51  | 0.36%             | 2026-11-27      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                    | Goldman Sachs Bank USA                                                           | CUSIP: 38151LAH3<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |  50512000 | PA      | $50417466.79  | 0.49%             | 2027-05-21      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                              | New York Life Global Funding                                                     | CUSIP: 64953BBK3<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |  33763000 | PA      | $33817760.55  | 0.33%             | 2026-01-16      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Rogers Communications, Inc.                               | Rogers Communications, Inc.                                                      | CUSIP: 775109BE0<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   7402000 | PA      | $7361881.46   | 0.07%             | 2025-12-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                         | Wells Fargo & Co.                                                                | CUSIP: 95000U2F9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  12349000 | PA      | $12178300.27  | 0.12%             | 2027-06-17      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley ABS Capital I, Inc. Trust                  | Morgan Stanley ABS Capital I, Inc. Trust, Series 2006-NC1, Class M1              | CUSIP: 61744CYB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    497595 | PA      | $495543.09    | 0.00%             | 2035-12-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                              | UBS Group AG                                                                     | CUSIP: 90351DAF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   9165000 | PA      | $9138378.79   | 0.09%             | 2026-04-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper, Inc.                                    | Keurig Dr Pepper, Inc.                                                           | CUSIP: 49271VAH3<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   4490000 | PA      | $4487824.51   | 0.04%             | 2025-05-25      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                             | Netflix, Inc.                                                                    | CUSIP: 64110LAY2<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |  36715000 | PA      | $36642290.72  | 0.36%             | 2025-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Protective Life Corp.                                     | Protective Life Corp.                                                            | CUSIP: 74367WSU6<br>LEI: 549300ZWIT8J8Y2EXL07 | Long             | STIV             | CORP              | US        |  30305000 | PA      | $30196735.39  | 0.29%             | 2025-05-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| US Bank NA                                                | US Bank NA                                                                       | CUSIP: 90331HPP2<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |  46505000 | PA      | $46541944.97  | 0.45%             | 2027-10-22      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC                   | Mercedes-Benz Finance North America LLC                                          | CUSIP: 58769JAP2<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |  28445000 | PA      | $28539304.56  | 0.28%             | 2026-01-09      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC                   | Daimler Truck Finance North America LLC                                          | CUSIP: 233853BB5<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |  13552000 | PA      | $13485611.33  | 0.13%             | 2028-01-13      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| GNMA                                                      | GNMA, Series 2009-32, Class AB                                                   | CUSIP: 38374UBP5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      3245 | PA      | $3197.87      | 0.00%             | 2039-05-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSMC Trust                                                | CSMC Trust, Series 2020-AFC1, Class A1                                           | CUSIP: 12597MAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5912947 | PA      | $5648422.20   | 0.06%             | 2050-02-25      | Variable      | 3.24%                 | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.                         | Philip Morris International, Inc.                                                | CUSIP: 718172DM8<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |  24295000 | PA      | $24409719.78  | 0.24%             | 2027-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| National Grid North America, Inc.                         | National Grid North America, Inc.                                                | CUSIP: 63627ASG4<br>LEI: 5Q3U0WRKWZZGRMPYFT08 | Long             | STIV             | CORP              | US        |  35215000 | PA      | $35142749.38  | 0.34%             | 2025-05-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank NA                                    | Morgan Stanley Bank NA                                                           | CUSIP: 61690DK64<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |  13738000 | PA      | $13684499.14  | 0.13%             | 2029-01-12      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                 | Toyota Motor Credit Corp.                                                        | CUSIP: 89236TLG8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  23930000 | PA      | $23937560.92  | 0.23%             | 2025-06-09      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd.                              | National Australia Bank Ltd.                                                     | CUSIP: 632525BQ3<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |  18673000 | PA      | $18686208.91  | 0.18%             | 2027-06-11      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                           | Goldman Sachs Group, Inc. (The)                                                  | CUSIP: 38145GAM2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  32044000 | PA      | $32120344.83  | 0.31%             | 2026-08-10      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                     | Targa Resources Corp.                                                            | CUSIP: 87613ES55<br>LEI: 5493003QENHHS261UR94 | Long             | STIV             | CORP              | US        |  22865000 | PA      | $22849490.67  | 0.22%             | 2025-05-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                   | Hyundai Capital America                                                          | CUSIP: 44891ACX3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  23805000 | PA      | $24031562.42  | 0.23%             | 2027-03-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                              | American Honda Finance Corp.                                                     | CUSIP: 02665WGA3<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  18335000 | PA      | $18320773.87  | 0.18%             | 2026-12-11      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| BA Credit Card Trust                                      | BA Credit Card Trust, Series 2024-A1, Class A                                    | CUSIP: 05522RDJ4<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |  18633000 | PA      | $18953513.69  | 0.18%             | 2029-05-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                | US Bancorp                                                                       | CUSIP: 91159HJH4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |  25065000 | PA      | $25190123.48  | 0.25%             | 2026-10-21      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                        | General Motors Financial Co., Inc.                                               | CUSIP: 37045XCX2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  16344000 | PA      | $16293929.67  | 0.16%             | 2025-06-20      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                                  | Lloyds Banking Group plc                                                         | CUSIP: 53944YBC6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   6724000 | PA      | $6807430.11   | 0.07%             | 2028-11-26      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                      | Royal Bank of Canada                                                             | CUSIP: 78017FZR7<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  23350000 | PA      | $23326408.33  | 0.23%             | 2027-10-18      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| SG Residential Mortgage Trust                             | SG Residential Mortgage Trust, Series 2019-3, Class A1                           | CUSIP: 78432BAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7672 | PA      | $7636.81      | 0.00%             | 2059-09-25      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                     | FHLMC, Series 3724, Class CM                                                     | CUSIP: 3137A1Z30<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     44025 | PA      | $46231.98     | 0.00%             | 2037-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                        | Credit Agricole SA                                                               | CUSIP: 22534PAE3<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |  33415000 | PA      | $33874262.11  | 0.33%             | 2026-07-05      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| KeyBank NA                                                | KeyBank NA                                                                       | CUSIP: 49327M3E2<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |  12618000 | PA      | $12594290.53  | 0.12%             | 2025-08-08      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                               | ONEOK, Inc.                                                                      | CUSIP: 682680BJ1<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   2243000 | PA      | $2313240.67   | 0.02%             | 2028-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                       | Intesa Sanpaolo SpA                                                              | CUSIP: 46115K5C0<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | STIV             | CORP              | IT        |  46029000 | PA      | $46128675.80  | 0.45%             | 2026-01-13      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                                      | American Tower Corp.                                                             | CUSIP: 03027XAK6<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   6726000 | PA      | $6619671.09   | 0.06%             | 2026-10-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust, Series 2020-NQM1, Class A1                  | CUSIP: 64830VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    965479 | PA      | $912012.97    | 0.01%             | 2060-01-26      | Variable      | 2.46%                 | No            |                  2 | On Loan: No      |
| National Grid North America, Inc.                         | National Grid North America, Inc.                                                | CUSIP: 63627ASL3<br>LEI: 5Q3U0WRKWZZGRMPYFT08 | Long             | STIV             | CORP              | US        |  18525000 | PA      | $18477348.14  | 0.18%             | 2025-05-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                      | American Express Co.                                                             | CUSIP: 025816DC0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   6644000 | PA      | $6666789.98   | 0.07%             | 2026-02-13      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AutoNation, Inc.                                          | AutoNation, Inc.                                                                 | CUSIP: 05330LS12<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  92430000 | PA      | $92417170.72  | 0.90%             | 2025-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ameriquest Mortgage Securities, Inc.                      | Ameriquest Mortgage Securities, Inc., Series 2004-R5, Class M1                   | CUSIP: 03072SRX5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     83486 | PA      | $82877.75     | 0.00%             | 2034-07-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                                      | Boston Properties LP                                                             | CUSIP: 10113BSP4<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | STIV             | CORP              | US        |  11100000 | PA      | $11066926.44  | 0.11%             | 2025-05-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                 | Toyota Motor Credit Corp.                                                        | CUSIP: 89236TML6<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   9386000 | PA      | $9404702.54   | 0.09%             | 2026-08-07      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                              | UBS Group AG                                                                     | CUSIP: 225401AC2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  16565000 | PA      | $16428197.78  | 0.16%             | 2028-01-09      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                            | Commonwealth Bank of Australia                                                   | CUSIP: 2027A0HR3<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |  19489000 | PA      | $19436481.43  | 0.19%             | 2025-12-09      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp.                                           | Air Lease Corp.                                                                  | CUSIP: 00914AAJ1<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |  27535000 | PA      | $27150366.61  | 0.26%             | 2026-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CSMC Trust                                                | CSMC Trust, Series 2019-NQM1, Class A1                                           | CUSIP: 12655VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1354436 | PA      | $1334421.58   | 0.01%             | 2059-10-25      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                        | Banco Santander SA                                                               | CUSIP: 05964HAX3<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |  24000000 | PA      | $24705157.92  | 0.24%             | 2027-11-07      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Santander Holdings USA, Inc.                              | Santander Holdings USA, Inc.                                                     | CUSIP: 80282KBB1<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |  30092000 | PA      | $30039029.05  | 0.29%             | 2025-06-02      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| NatWest Group plc                                         | NatWest Group plc                                                                | CUSIP: 639057AJ7<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |  27115000 | PA      | $27374425.75  | 0.27%             | 2027-03-02      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                         | Wells Fargo & Co.                                                                | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  17462000 | PA      | $17855701.05  | 0.17%             | 2028-04-22      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.                         | Philip Morris International, Inc.                                                | CUSIP: 718172CU1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |  11382000 | PA      | $11412860.47  | 0.11%             | 2025-11-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                                      | Boston Properties LP                                                             | CUSIP: 10113BS58<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | STIV             | CORP              | US        |  12225000 | PA      | $12217173.56  | 0.12%             | 2025-05-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MFA Trust                                                 | MFA Trust, Series 2020-NQM1, Class A1                                            | CUSIP: 552754AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    762522 | PA      | $736727.41    | 0.01%             | 2065-03-25      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| DNB Bank ASA                                              | DNB Bank ASA                                                                     | CUSIP: 23341CAC7<br>LEI: 549300GKFG0RYRRQ1414 | Long             | DBT              | CORP              | NO        |  40213000 | PA      | $40435336.07  | 0.39%             | 2026-10-09      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| CSMC Trust                                                | CSMC Trust, Series 2020-SPT1, Class A2                                           | CUSIP: 12659LAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    487478 | PA      | $485860.89    | 0.00%             | 2065-04-25      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                                  | Cooperatieve Rabobank UA                                                         | CUSIP: 74977RDN1<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |  19800000 | PA      | $19499602.72  | 0.19%             | 2028-04-06      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust                                    | Chase Auto Owner Trust, Series 2024-3A, Class A2                                 | CUSIP: 16144LAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7033988 | PA      | $7057229.35   | 0.07%             | 2027-09-27      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                      | American Express Co.                                                             | CUSIP: 025816DL0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   2254000 | PA      | $2274435.01   | 0.02%             | 2026-10-30      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Harley-Davidson Motorcycle Trust                          | Harley-Davidson Motorcycle Trust, Series 2024-A, Class A2                        | CUSIP: 412922AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4453451 | PA      | $4463763.70   | 0.04%             | 2027-02-16      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                  | PNC Financial Services Group, Inc. (The)                                         | CUSIP: 693475BL8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |  42398000 | PA      | $42434917.21  | 0.41%             | 2027-01-26      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Mizuho Markets Cayman LP                                  | Mizuho Markets Cayman LP                                                         | CUSIP: 60700JCV5<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |  28183000 | PA      | $28202839.14  | 0.28%             | 2025-09-23      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                              | Barclays plc                                                                     | CUSIP: 06738ECC7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   8497000 | PA      | $8593383.00   | 0.08%             | 2026-11-02      | Fixed         | 7.33%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp.                                           | Air Lease Corp.                                                                  | CUSIP: 00913WU78<br>LEI: 5493004NW4M4P8TMMK63 | Long             | STIV             | CORP              | US        |  19500000 | PA      | $19321812.90  | 0.19%             | 2025-07-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                      | Royal Bank of Canada                                                             | CUSIP: 78017DAB4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  36742000 | PA      | $36520904.65  | 0.36%             | 2029-01-24      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                      | American Express Co.                                                             | CUSIP: 025816DQ9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  28255000 | PA      | $28333899.83  | 0.28%             | 2028-02-16      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                            | Hyundai Auto Receivables Trust, Series 2023-A, Class A3                          | CUSIP: 448979AD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10590623 | PA      | $10584243.51  | 0.10%             | 2027-04-15      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Jefferies Financial Group, Inc.                           | Jefferies Financial Group, Inc.                                                  | CUSIP: 47233WHZ5<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |  45420000 | PA      | $45485373.46  | 0.44%             | 2026-02-10      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                         | Wells Fargo & Co.                                                                | CUSIP: 95000U3C5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   4780000 | PA      | $4776797.11   | 0.05%             | 2026-08-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                          | Boeing Co. (The)                                                                 | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |  36320000 | PA      | $35592333.88  | 0.35%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust                            | Long Beach Mortgage Loan Trust, Series 2004-1, Class M1                          | CUSIP: 542514EU4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    170461 | PA      | $167752.21    | 0.00%             | 2034-02-25      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                              | UBS Group AG                                                                     | CUSIP: 225401AV0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  14625000 | PA      | $15187032.17  | 0.15%             | 2028-08-11      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust                 | SFS Auto Receivables Securitization Trust, Series 2024-1A, Class A2              | CUSIP: 78435VAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1591188 | PA      | $1592664.88   | 0.02%             | 2027-06-21      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                               | Capital One Financial Corp.                                                      | CUSIP: 14040HBJ3<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  40738000 | PA      | $40659206.60  | 0.40%             | 2025-10-29      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Public Storage Operating Co.                              | Public Storage Operating Co.                                                     | CUSIP: 74460WAJ6<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |  17408000 | PA      | $17419229.55  | 0.17%             | 2025-07-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| RASC Trust                                                | RASC Trust, Series 2006-KS3, Class M1                                            | CUSIP: 76113ABL4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    518486 | PA      | $512784.90    | 0.01%             | 2036-04-25      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                     | NextEra Energy Capital Holdings, Inc.                                            | CUSIP: 65339KDH0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |  18145000 | PA      | $18164719.26  | 0.18%             | 2028-02-04      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Owens Corning                                             | Owens Corning                                                                    | CUSIP: 690742AN1<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |  11423000 | PA      | $11653646.02  | 0.11%             | 2027-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NatWest Group plc                                         | NatWest Group plc                                                                | CUSIP: 639057AG3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |  34675000 | PA      | $35159457.60  | 0.34%             | 2026-11-10      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| National Bank of Canada                                   | National Bank of Canada                                                          | CUSIP: 63307A2Z7<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |  18800000 | PA      | $18806012.80  | 0.18%             | 2027-07-02      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                            | Morgan Stanley                                                                   | CUSIP: 61761J3R8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   9596000 | PA      | $9464344.42   | 0.09%             | 2026-07-27      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Kimco Realty OP LLC                                       | Kimco Realty OP LLC                                                              | CUSIP: 948741AL7<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              | CORP              | US        |   3937000 | PA      | $3928734.86   | 0.04%             | 2025-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| AEGON Funding Co. LLC                                     | AEGON Funding Co. LLC                                                            | CUSIP: 00775VAA2<br>LEI: KEIOKM01PSK5VZ5CCI74 | Long             | DBT              | CORP              | US        |  32895000 | PA      | $33360455.04  | 0.33%             | 2027-04-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                     | Alexandria Real Estate Equities, Inc.                                            | CUSIP: 01527LS97<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | STIV             | CORP              | US        |  57830000 | PA      | $57764264.64  | 0.56%             | 2025-05-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Life Global Funding I                        | Metropolitan Life Global Funding I                                               | CUSIP: 592179KM6<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |  30442000 | PA      | $30390640.39  | 0.30%             | 2027-06-11      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.                      | Caterpillar Financial Services Corp.                                             | CUSIP: 14913UAT7<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |  36989000 | PA      | $36920935.43  | 0.36%             | 2027-11-15      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| ABN AMRO Bank NV                                          | ABN AMRO Bank NV                                                                 | CUSIP: 00084DBC3<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |  24000000 | PA      | $24178438.32  | 0.24%             | 2026-10-13      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp.                                           | Air Lease Corp.                                                                  | CUSIP: 00913WSU0<br>LEI: 5493004NW4M4P8TMMK63 | Long             | STIV             | CORP              | US        |   8930000 | PA      | $8896318.72   | 0.09%             | 2025-05-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust        | GM Financial Consumer Automobile Receivables Trust, Series 2022-3, Class A3      | CUSIP: 36265WAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11220478 | PA      | $11187902.04  | 0.11%             | 2027-04-16      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Cos., Inc.                               | Marsh & McLennan Cos., Inc.                                                      | CUSIP: 57174VSC6<br>LEI: 549300XMP3KDCKJXIU47 | Long             | STIV             | CORP              | US        |  17400000 | PA      | $17373306.66  | 0.17%             | 2025-05-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                        | Honda Auto Receivables Owner Trust, Series 2024-4, Class A2                      | CUSIP: 43816DAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10750000 | PA      | $10750891.18  | 0.10%             | 2027-03-15      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                         | Eversource Energy                                                                | CUSIP: 30040WAV0<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |  18135000 | PA      | $18157498.10  | 0.18%             | 2026-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Mizuho Markets Cayman LP                                  | Mizuho Markets Cayman LP                                                         | CUSIP: 60700JDE2<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |  27200000 | PA      | $27211570.06  | 0.27%             | 2026-05-01      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                      | Glencore Funding LLC                                                             | CUSIP: 378272AX6<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   5650000 | PA      | $5587939.55   | 0.05%             | 2025-09-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust                                    | Chase Auto Owner Trust, Series 2023-AA, Class A2                                 | CUSIP: 16144KAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4598336 | PA      | $4605907.25   | 0.04%             | 2027-03-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Capital One Prime Auto Receivables Trust                  | Capital One Prime Auto Receivables Trust, Series 2022-1, Class A3                | CUSIP: 14043QAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2557624 | PA      | $2543348.89   | 0.02%             | 2027-04-15      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| Mid-America Apartments LP                                 | Mid-America Apartments LP                                                        | CUSIP: 59524NSE3<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | STIV             | CORP              | US        |  10000000 | PA      | $9982087.00   | 0.10%             | 2025-05-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                      | American Express Co.                                                             | CUSIP: 025816DJ5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  15063000 | PA      | $15110428.87  | 0.15%             | 2027-07-28      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                                        | Crown Castle, Inc.                                                               | CUSIP: 22823PS12<br>LEI: 54930012H97VSM0I2R19 | Long             | STIV             | CORP              | US        |  31400000 | PA      | $31395795.54  | 0.31%             | 2025-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PayPal Holdings, Inc.                                     | PayPal Holdings, Inc.                                                            | CUSIP: 70450YAR4<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |  22690000 | PA      | $22702194.06  | 0.22%             | 2028-03-06      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                              | UBS Group AG                                                                     | CUSIP: 902613AM0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  37535000 | PA      | $37528319.52  | 0.37%             | 2026-05-12      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                      | Royal Bank of Canada                                                             | CUSIP: 78016HZR4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  28880000 | PA      | $29086589.04  | 0.28%             | 2026-07-20      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                               | Citibank NA                                                                      | CUSIP: 17325FBL1<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |  23419000 | PA      | $23584236.03  | 0.23%             | 2027-11-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp.                                           | Air Lease Corp.                                                                  | CUSIP: 00914AAW2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |  28570000 | PA      | $28739481.24  | 0.28%             | 2026-06-25      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank NA                                    | Morgan Stanley Bank NA                                                           | CUSIP: 61690U8D5<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |  37728000 | PA      | $37733338.89  | 0.37%             | 2028-07-14      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC                   | Daimler Truck Finance North America LLC                                          | CUSIP: 233853AV2<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   9645000 | PA      | $9715087.51   | 0.09%             | 2027-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                           | Nordea Bank Abp                                                                  | CUSIP: 65558RAF6<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |  14242000 | PA      | $14269199.66  | 0.14%             | 2027-03-19      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| ABN AMRO Bank NV                                          | ABN AMRO Bank NV                                                                 | CUSIP: 00084DBB5<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |   9300000 | PA      | $9390738.05   | 0.09%             | 2027-09-18      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                        | Canadian Imperial Bank of Commerce                                               | CUSIP: 13607LWT6<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  31583000 | PA      | $32254886.64  | 0.31%             | 2026-10-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Global Funding                        | Northwestern Mutual Global Funding                                               | CUSIP: 66815L2R9<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |  14344000 | PA      | $14567129.67  | 0.14%             | 2027-03-25      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Simon Property Group LP                                   | Simon Property Group LP                                                          | CUSIP: 828807CV7<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |  18785000 | PA      | $18711813.83  | 0.18%             | 2025-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MassMutual Global Funding II                              | MassMutual Global Funding II                                                     | CUSIP: 57629TBS5<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |  33620000 | PA      | $33573979.94  | 0.33%             | 2027-04-09      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                                  | Lloyds Banking Group plc                                                         | CUSIP: 53944YAZ6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |  23608000 | PA      | $23931249.00  | 0.23%             | 2028-01-05      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                           | Nordea Bank Abp                                                                  | CUSIP: 65558RAM1<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |  22760000 | PA      | $22726295.85  | 0.22%             | 2028-03-17      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | BNP Paribas SA                                                                   | CUSIP: 09659W2C7<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  21762000 | PA      | $21162926.31  | 0.21%             | 2027-11-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                   | BPCE SA                                                                          | CUSIP: 05571AAQ8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |  28110000 | PA      | $28883274.05  | 0.28%             | 2027-10-19      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Loan Enhanced Trust                       | Volkswagen Auto Loan Enhanced Trust, Series 2023-1, Class A3                     | CUSIP: 92867WAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6410000 | PA      | $6444256.32   | 0.06%             | 2028-06-20      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                              | Mizuho Financial Group, Inc.                                                     | CUSIP: 60687YBY4<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |  36568000 | PA      | $36583606.13  | 0.36%             | 2026-05-22      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Enbridge US, Inc.                                         | Enbridge US, Inc.                                                                | CUSIP: 29251USL3<br>LEI: 5493003FRODSVHJWFS32 | Long             | STIV             | CORP              | US        |  24680000 | PA      | $24616515.64  | 0.24%             | 2025-05-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sprint LLC                                                | Sprint LLC                                                                       | CUSIP: 85207UAK1<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |   9050000 | PA      | $9169636.84   | 0.09%             | 2026-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                               | Capital One Financial Corp.                                                      | CUSIP: 14040HCU7<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  50551000 | PA      | $50553708.02  | 0.49%             | 2026-07-24      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                    | Truist Financial Corp.                                                           | CUSIP: 89788MAH5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |  21090000 | PA      | $21047533.18  | 0.21%             | 2026-07-28      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| Citizens Auto Receivables Trust                           | Citizens Auto Receivables Trust, Series 2024-1, Class A2A                        | CUSIP: 17331QAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4656682 | PA      | $4662327.76   | 0.05%             | 2026-10-15      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                          | CVS Health Corp.                                                                 | CUSIP: 12665JS18<br>LEI: 549300EJG376EN5NQE29 | Long             | STIV             | CORP              | US        |  36455000 | PA      | $36450129.61  | 0.36%             | 2025-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                        | Credit Agricole SA                                                               | CUSIP: 22535WAL1<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |  21393000 | PA      | $21377713.85  | 0.21%             | 2028-09-11      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                        | Banco Bilbao Vizcaya Argentaria SA                                               | CUSIP: 05946KAJ0<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   6400000 | PA      | $6306127.10   | 0.06%             | 2025-09-18      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | Deutsche Bank AG                                                                 | CUSIP: 251526CE7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |  37837000 | PA      | $37240212.89  | 0.36%             | 2026-11-24      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                      | American Express Co.                                                             | CUSIP: 025816DD8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   4585000 | PA      | $4594880.26   | 0.04%             | 2026-02-13      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| CaixaBank SA                                              | CaixaBank SA                                                                     | CUSIP: 12803RAB0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |  40520000 | PA      | $41580299.40  | 0.41%             | 2027-09-13      | Fixed         | 6.68%                 | No            |                  2 | On Loan: No      |
| ABN AMRO Bank NV                                          | ABN AMRO Bank NV                                                                 | CUSIP: 00084DBA7<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |  39800000 | PA      | $40691510.85  | 0.40%             | 2027-09-18      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| National Bank of Canada                                   | National Bank of Canada                                                          | CUSIP: 63307A3G8<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |  27300000 | PA      | $27350594.82  | 0.27%             | 2027-03-05      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Mizuho Markets Cayman LP                                  | Mizuho Markets Cayman LP                                                         | CUSIP: 60700JCW3<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |  28075000 | PA      | $28108847.50  | 0.27%             | 2025-10-06      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                                              | ING Groep NV                                                                     | CUSIP: 456837BJ1<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |  41064000 | PA      | $41387226.24  | 0.40%             | 2027-09-11      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                        | Honda Auto Receivables Owner Trust, Series 2023-4, Class A2                      | CUSIP: 438123AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4106864 | PA      | $4114183.61   | 0.04%             | 2026-06-22      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                        | Canadian Imperial Bank of Commerce                                               | CUSIP: 13607PHU1<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  37442000 | PA      | $37378981.00  | 0.36%             | 2027-09-11      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                              | Verizon Communications, Inc.                                                     | CUSIP: 92344LSC0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | STIV             | CORP              | US        |  22030000 | PA      | $21996203.78  | 0.21%             | 2025-05-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                              | Marriott International, Inc.                                                     | CUSIP: 57163TST7<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  10300000 | PA      | $10263786.23  | 0.10%             | 2025-05-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pacific Life Global Funding II                            | Pacific Life Global Funding II                                                   | CUSIP: 6944PL3A5<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   2634000 | PA      | $2636766.65   | 0.03%             | 2027-02-05      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Golden Credit Card Trust                                  | Golden Credit Card Trust, Series 2022-4A, Class A                                | CUSIP: 380881FP2<br>LEI: 549300BEDPMEONLTJX58 | Long             | ABS-O            | CORP              | CA        |  19535000 | PA      | $19510786.37  | 0.19%             | 2027-09-15      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.                      | Caterpillar Financial Services Corp.                                             | CUSIP: 14913UAP5<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |  14073000 | PA      | $14124470.31  | 0.14%             | 2026-10-16      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                        | Banco Bilbao Vizcaya Argentaria SA                                               | CUSIP: 05946KAK7<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |  55852000 | PA      | $56039313.09  | 0.55%             | 2026-09-14      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | BNP Paribas SA                                                                   | CUSIP: 05581KAA9<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   3332000 | PA      | $3321413.74   | 0.03%             | 2025-09-28      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Pfizer Investment Enterprises Pte. Ltd.                   | Pfizer Investment Enterprises Pte. Ltd.                                          | CUSIP: 716973AB8<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |  45525000 | PA      | $45597788.56  | 0.44%             | 2026-05-19      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bank NA                                       | Fifth Third Bank NA                                                              | CUSIP: 31677QBV0<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |  20900000 | PA      | $20739106.78  | 0.20%             | 2028-01-28      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Synopsys, Inc.                                            | Synopsys, Inc.                                                                   | CUSIP: 871607AA5<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   6350000 | PA      | $6386485.83   | 0.06%             | 2027-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                    | UBS AG                                                                           | CUSIP: 90261AAD4<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |  17235000 | PA      | $17356965.72  | 0.17%             | 2028-01-10      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                        | Honda Auto Receivables Owner Trust, Series 2023-1, Class A3                      | CUSIP: 43815JAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5438923 | PA      | $5452536.85   | 0.05%             | 2027-04-21      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                      | JPMorgan Chase & Co.                                                             | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  21990000 | PA      | $22056706.88  | 0.22%             | 2028-10-22      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                      | JPMorgan Chase & Co.                                                             | CUSIP: 46647PEN2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  25379000 | PA      | $25404816.79  | 0.25%             | 2028-10-22      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Banque Federative du Credit Mutuel SA                     | Banque Federative du Credit Mutuel SA                                            | CUSIP: 06675DCL4<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |  36206000 | PA      | $36134977.59  | 0.35%             | 2028-02-16      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust, Series 2019-INV3, Class A1                           | CUSIP: 92537MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    709512 | PA      | $701724.13    | 0.01%             | 2059-11-25      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group, Inc.                                    | WEC Energy Group, Inc.                                                           | CUSIP: 92930VS79<br>LEI: 549300IGLYTZUK3PVP70 | Long             | STIV             | CORP              | US        |  26540000 | PA      | $26516339.59  | 0.26%             | 2025-05-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | Bank of America NA                                                               | CUSIP: 06428CAA2<br>LEI: B4TYDEB6GKMZO031MB27 | Long             | DBT              | CORP              | US        |  38626000 | PA      | $39271114.46  | 0.38%             | 2026-08-18      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                         | Wells Fargo & Co.                                                                | CUSIP: 95000U3S0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  32209000 | PA      | $32060084.59  | 0.31%             | 2028-01-24      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                          | CVS Health Corp.                                                                 | CUSIP: 126650DS6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1393318.46   | 0.01%             | 2026-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                                      | Boston Properties LP                                                             | CUSIP: 10113BS74<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | STIV             | CORP              | US        |  31570000 | PA      | $31541669.08  | 0.31%             | 2025-05-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Intercontinental Exchange, Inc.                                                  | CUSIP: 45856WS67<br>LEI: 5493000F4ZO33MV32P92 | Long             | STIV             | CORP              | US        |   8594000 | PA      | $8587311.12   | 0.08%             | 2025-05-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                     | Westpac Banking Corp.                                                            | CUSIP: 961214FX6<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |     65000 | PA      | $65011.93     | 0.00%             | 2026-10-20      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp.                                         | Duke Energy Corp.                                                                | CUSIP: 26441CCB9<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |  23835000 | PA      | $24070860.67  | 0.23%             | 2027-01-05      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                               | Toronto-Dominion Bank (The)                                                      | CUSIP: 89115A2S0<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  19115000 | PA      | $19378883.53  | 0.19%             | 2026-07-17      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MBN4<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |  10296000 | PA      | $10359463.82  | 0.10%             | 2028-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Lennar Corp.                                              | Lennar Corp.                                                                     | CUSIP: 526057BV5<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |  28761000 | PA      | $28757294.15  | 0.28%             | 2025-05-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                               | Toronto-Dominion Bank (The)                                                      | CUSIP: 89115A2V3<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   5030000 | PA      | $5105038.75   | 0.05%             | 2026-12-11      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                        | Banco Santander SA                                                               | CUSIP: 05964HBE4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |  27800000 | PA      | $27747347.36  | 0.27%             | 2028-07-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| FNMA                                                      | FNMA, Series 2010-81, Class AP                                                   | CUSIP: 31398TH53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9355 | PA      | $8946.28      | 0.00%             | 2040-07-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                                  | Bristol-Myers Squibb Co.                                                         | CUSIP: 110122ED6<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |  14440000 | PA      | $14521422.11  | 0.14%             | 2026-02-20      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Realty Income Corp.                                       | Realty Income Corp.                                                              | CUSIP: 756109AZ7<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |  24297000 | PA      | $23543346.91  | 0.23%             | 2026-03-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                            | Hyundai Auto Receivables Trust, Series 2024-C, Class A2B                         | CUSIP: 448976AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9000000 | PA      | $8998640.10   | 0.09%             | 2027-09-15      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                   | BPCE SA                                                                          | CUSIP: 05571AAN5<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |  23930000 | PA      | $23941678.56  | 0.23%             | 2025-09-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group, Inc.                                    | WEC Energy Group, Inc.                                                           | CUSIP: 92939UAM8<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |  13357000 | PA      | $13543657.00  | 0.13%             | 2026-09-12      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                            | Hyundai Auto Receivables Trust, Series 2023-C, Class A2A                         | CUSIP: 44918CAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3214905 | PA      | $3221181.96   | 0.03%             | 2027-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                        | Canadian Imperial Bank of Commerce                                               | CUSIP: 13607PJ21<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  36270000 | PA      | $36134985.65  | 0.35%             | 2029-03-30      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | Deutsche Bank AG                                                                 | CUSIP: 25160PAN7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    500000 | PA      | $513079.04    | 0.01%             | 2027-07-13      | Variable      | 7.15%                 | No            |                  2 | On Loan: No      |
| FNMA                                                      | FNMA, Series 2011-60, Class PA                                                   | CUSIP: 31397U3J6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3255 | PA      | $3060.27      | 0.00%             | 2039-10-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |  10700000 | PA      | $10109177.99  | 0.10%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC                   | Daimler Truck Finance North America LLC                                          | CUSIP: 233853AS9<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |  23295000 | PA      | $23323879.04  | 0.23%             | 2025-08-08      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Mid-America Apartments LP                                 | Mid-America Apartments LP                                                        | CUSIP: 59524NS86<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | STIV             | CORP              | US        |  32150000 | PA      | $32117219.86  | 0.31%             | 2025-05-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                                     | Dominion Energy, Inc.                                                            | CUSIP: 2574P0S96<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | STIV             | CORP              | US        |  24800000 | PA      | $24771653.60  | 0.24%             | 2025-05-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                                     | Arroyo Mortgage Trust, Series 2019-3, Class A1                                   | CUSIP: 04285AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3284763 | PA      | $3135093.89   | 0.03%             | 2048-10-25      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                                | Constellation Brands, Inc.                                                       | CUSIP: 21037CS23<br>LEI: 5493005GKEG8QCVY7037 | Long             | STIV             | CORP              | US        |  36020000 | PA      | $36010440.29  | 0.35%             | 2025-05-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp.                                         | Duke Energy Corp.                                                                | CUSIP: 26244HS61<br>LEI: I1BZKREC126H0VB1BL91 | Long             | STIV             | CORP              | US        |  33645000 | PA      | $33619594.66  | 0.33%             | 2025-05-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                                 | Corebridge Global Funding                                                        | CUSIP: 00138CAW8<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |  42912000 | PA      | $43230873.06  | 0.42%             | 2026-09-25      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                          | CVS Health Corp.                                                                 | CUSIP: 126650CL2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |  38255000 | PA      | $38156603.93  | 0.37%             | 2025-07-20      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                     | Athene Global Funding                                                            | CUSIP: 04685A4A6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  28083000 | PA      | $28203567.06  | 0.28%             | 2026-08-27      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| Capital One Multi-Asset Execution Trust                   | Capital One Multi-Asset Execution Trust, Series 2022-A2, Class A                 | CUSIP: 14041NGA3<br>LEI: R42WS16M9R97TJJKGU15 | Long             | ABS-O            | CORP              | US        |  47000000 | PA      | $46978887.60  | 0.46%             | 2027-05-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| PNC Bank NA                                               | PNC Bank NA                                                                      | CUSIP: 69353RFX1<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |  18040000 | PA      | $18053323.80  | 0.18%             | 2027-01-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                                              | ING Groep NV                                                                     | CUSIP: 45685NAA4<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   8295000 | PA      | $8297004.98   | 0.08%             | 2026-01-06      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                   | Hyundai Capital America                                                          | CUSIP: 44891ABZ9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  13546000 | PA      | $12995242.40  | 0.13%             | 2026-09-17      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Kenvue, Inc.                                              | Kenvue, Inc.                                                                     | CUSIP: 49177JAD4<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |  18000000 | PA      | $18144302.76  | 0.18%             | 2026-03-22      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                   | Hyundai Capital America                                                          | CUSIP: 44891ACZ8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  30094000 | PA      | $30048281.20  | 0.29%             | 2027-03-19      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Agree LP                                                  | Agree LP                                                                         | CUSIP: 00852WS25<br>LEI: 549300DXY3G299V1BO77 | Long             | STIV             | CORP              | US        |  22410000 | PA      | $22404052.39  | 0.22%             | 2025-05-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mid-America Apartments LP                                 | Mid-America Apartments LP                                                        | CUSIP: 59524NS60<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | STIV             | CORP              | US        |  20800000 | PA      | $20784115.04  | 0.20%             | 2025-05-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pfizer Investment Enterprises Pte. Ltd.                   | Pfizer Investment Enterprises Pte. Ltd.                                          | CUSIP: 716973AA0<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |  33398000 | PA      | $33398647.59  | 0.33%             | 2025-05-19      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Discover Card Execution Note Trust                        | Discover Card Execution Note Trust, Series 2022-A2, Class A                      | CUSIP: 254683CS2<br>LEI: 549300CKCX1QE4RUW216 | Long             | ABS-O            | CORP              | US        |  19965000 | PA      | $19955957.85  | 0.19%             | 2027-05-15      | Fixed         | 3.32%                 | No            |                  2 | On Loan: No      |
| BA Credit Card Trust                                      | BA Credit Card Trust, Series 2022-A2, Class A2                                   | CUSIP: 05522RDF2<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |  19000000 | PA      | $19049449.40  | 0.19%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd.                              | National Australia Bank Ltd.                                                     | CUSIP: 632525BW0<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |  22921000 | PA      | $22817509.39  | 0.22%             | 2027-10-26      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                       | Bank of New York Mellon Corp. (The)                                              | CUSIP: 06406RBY2<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   9334000 | PA      | $9316917.85   | 0.09%             | 2028-07-21      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                               | Toronto-Dominion Bank (The)                                                      | CUSIP: 89115A3B6<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  32380000 | PA      | $32316669.25  | 0.32%             | 2026-12-17      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                      | American Express Co.                                                             | CUSIP: 025816EE5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  36000000 | PA      | $36190494.72  | 0.35%             | 2029-04-25      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Station Place Securitization Trust                        | Station Place Securitization Trust, Series 2024-10, Class A                      | CUSIP: 85779PAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  29235000 | PA      | $29337418.98  | 0.29%             | 2025-10-27      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                        | General Motors Financial Co., Inc.                                               | CUSIP: 37045XAZ9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  33347000 | PA      | $33299557.56  | 0.32%             | 2025-07-13      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Capital One Prime Auto Receivables Trust                  | Capital One Prime Auto Receivables Trust, Series 2024-1, Class A2A               | CUSIP: 14043NAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9623197 | PA      | $9630716.47   | 0.09%             | 2027-10-15      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                  | PNC Financial Services Group, Inc. (The)                                         | CUSIP: 693475BQ7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |  55152000 | PA      | $55204955.85  | 0.54%             | 2026-06-12      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                        | State Street Corp.                                                               | CUSIP: 857477CZ4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |  13530000 | PA      | $13561668.86  | 0.13%             | 2028-04-24      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                             | Netflix, Inc.                                                                    | CUSIP: 64110LAT3<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |  14540000 | PA      | $15342015.64  | 0.15%             | 2028-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                              | New York Life Global Funding                                                     | CUSIP: 64953BBV9<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |  22555000 | PA      | $22622065.49  | 0.22%             | 2028-04-25      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance USA plc                                 | Rio Tinto Finance USA plc                                                        | CUSIP: 76720AAY2<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |  13620000 | PA      | $13639117.71  | 0.13%             | 2028-03-14      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                     | NextEra Energy Capital Holdings, Inc.                                            | CUSIP: 65339KBS8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |  45760000 | PA      | $45906571.11  | 0.45%             | 2025-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mars, Inc.                                                | Mars, Inc.                                                                       | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |  27243000 | PA      | $27419750.40  | 0.27%             | 2027-03-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Nationwide Building Society                               | Nationwide Building Society                                                      | CUSIP: 63861VAG2<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   9065000 | PA      | $9089196.57   | 0.09%             | 2028-02-16      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Jefferies Financial Group, Inc.                           | Jefferies Financial Group, Inc.                                                  | CUSIP: 47233WJG5<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |  46461000 | PA      | $46581743.31  | 0.45%             | 2026-03-16      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                    | Truist Financial Corp.                                                           | CUSIP: 89788MAN2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |  10166000 | PA      | $10334823.81  | 0.10%             | 2027-06-08      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                      | Glencore Funding LLC                                                             | CUSIP: 378272BX5<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |  18325000 | PA      | $18309881.33  | 0.18%             | 2026-10-01      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| FNMA                                                      | FNMA, Series 2010-90, Class GF                                                   | CUSIP: 31398TXE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    145180 | PA      | $143507.59    | 0.00%             | 2040-08-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                               | Toronto-Dominion Bank (The)                                                      | CUSIP: 89115A3F7<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  32060000 | PA      | $31967263.89  | 0.31%             | 2028-01-31      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                     | Sumitomo Mitsui Financial Group, Inc.                                            | CUSIP: 86562MCA6<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   4795000 | PA      | $4767827.69   | 0.05%             | 2025-07-08      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| Swedbank AB                                               | Swedbank AB                                                                      | CUSIP: 87020PAX5<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |  26255000 | PA      | $26893975.81  | 0.26%             | 2026-09-12      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| Capital One Multi-Asset Execution Trust                   | Capital One Multi-Asset Execution Trust, Series 2022-A3, Class A                 | CUSIP: 14041NGB1<br>LEI: R42WS16M9R97TJJKGU15 | Long             | ABS-O            | CORP              | US        |  15735000 | PA      | $15765200.19  | 0.15%             | 2027-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                               | Toronto-Dominion Bank (The)                                                      | CUSIP: 89115A2K7<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  13990000 | PA      | $14048553.89  | 0.14%             | 2026-01-09      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| NatWest Group plc                                         | NatWest Group plc                                                                | CUSIP: 639057AM0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |  44560000 | PA      | $44680178.77  | 0.44%             | 2028-03-01      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd.                | Australia & New Zealand Banking Group Ltd.                                       | CUSIP: 05252ADM0<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |  29090000 | PA      | $29093687.74  | 0.28%             | 2027-09-30      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** Putnam Funds Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer