# EDGAR Filing Document

**Accession Number:** 0000889284
**File Stem:** 0000910472-25-005226
**Filing Date:** 2025-12
**Character Count:** 165875
**Document Hash:** 58a8d7e306cc293e418615145d2add60
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-005226.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0000910472-25-005226

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251201

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STERLING CAPITAL FUNDS
- **CENTRAL INDEX KEY:** 0000889284

**ORGANIZATION NAME:**
- **EIN:** 043331055
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06719
- **FILM NUMBER:** 251537326

**BUSINESS ADDRESS:**
- **STREET 1:** 434 FAYETTEVILLE ST
- **STREET 2:** SUITE 500
- **CITY:** RALEIGH
- **STATE:** NC
- **ZIP:** 27601
- **BUSINESS PHONE:** 8002281872

**MAIL ADDRESS:**
- **STREET 1:** 434 FAYETTEVILLE ST
- **STREET 2:** SUITE 500
- **CITY:** RALEIGH
- **STATE:** NC
- **ZIP:** 27601

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BB&T FUNDS /
- **DATE OF NAME CHANGE:** 20010419

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BB&T MUTUAL FUNDS GROUP
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### STERLING CAPITAL TOTAL RETURN BOND FUND (Series ID: S000003549)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000009863 | INSTITUTIONAL CLASS | BIBTX           |
| C000009864 | A CLASS             | BICAX           |
| C000009866 | C CLASS             | BICCX           |
| C000199532 | Class R6            | STRDX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Sterling Capital Funds

- **b. Investment Company Act file number:** 811-06719

- **c. CIK number of Registrant:** 0000889284

- **d. LEI of Registrant:** 54930017VPAACVI5ZX74

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

  - **Street Address 1:** 434 Fayetteville St

  - **City:** Raleigh

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 27601

  - **Telephone number:** 800-228-1872

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

- **a. Name of Series:** Sterling Capital Total Return Bond Fund

- **b. EDGAR series identifier (if any):** S000003549

- **c. LEI of Series:** 549300C78F4HQ4ZBDC92

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

- **a. Date of fiscal year-end:** 2025-09-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1586587847.52

**Total Liabilities:** $48332030.98

**Net Assets:** $1538255816.54

**Cash Not Reported:** $1577744.89

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 396.15702277 | **1-Year:** 41881.32003161 | **5-Year:** 235557.42605482 | **10-Year:** 277636.26002916 | **30-Year:** 48530.82395066

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

- **3-Month:** 31.34919981 | **1-Year:** 16.73131450 | **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 C000009864 | -2.20%               | -0.84%               | -0.94%               |
| Class ID C000199532 | -0.29%               | 1.22%                | 1.09%                |
| Class ID C000009866 | -1.27%               | 0.12%                | -0.11%               |
| Class ID C000009863 | -0.19%               | 1.21%                | 0.98%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $331484.70               | $-8655733.89                               |
| Month 2  | $1548571.39              | $10690160.28                               |
| Month 3  | $-81528.20               | $10503703.94                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| The Boeing Company                                                                   | The Boeing Co 6.298 05/01/29                                                  | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1978000 | PA      | $2099146.55   | 0.14%             | 2029-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140XGJ75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9854879 | PA      | $9031485.42   | 0.59%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | Freddie Mac REMICS                                                            | CUSIP: 3137HJW86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   4386722 | PA      | $4441528.84   | 0.29%             | 2052-10-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 31418BMG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    525026 | PA      | $521105.10    | 0.03%             | 2045-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Trust (AER)  | AerCap Ireland Capital DAC                                                    | CUSIP: 00774MAW5<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | US        |   1322000 | PA      | $1416149.27   | 0.09%             | 2030-09-30      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | Oracle Corp 5 7/8 09/26/45                                                    | CUSIP: 68389XDP7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1830000 | PA      | $1834968.43   | 0.12%             | 2045-09-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3132A4CG1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    307511 | PA      | $297560.78    | 0.02%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fortitude Group Holdings LLC                                                         | Fortitude Group Holdings LLC 6 1/4 04/01/30                                   | CUSIP: 34966XAA6<br>LEI: 2549006R9ZUL08JFIH12 | Long             | DBT              | CORP              | US        |   2192000 | PA      | $2275950.55   | 0.15%             | 2030-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 31418BPB6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    596373 | PA      | $574482.49    | 0.04%             | 2045-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3138AWRQ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    125247 | PA      | $125317.17    | 0.01%             | 2041-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3132DUV95<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   4079579 | PA      | $4163888.54   | 0.27%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2012-Lc5                                       | Wells Fargo Commercial Mortgage Trust                                         | CUSIP: 95000AAU1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1625960 | PA      | $1621756.39   | 0.11%             | 2048-12-15      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | Citigroup Inc                                                                 | CUSIP: 17308CC53<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   6530000 | PA      | $6181569.06   | 0.40%             | 2030-11-05      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                                                | Westpac Banking Corp.                                                         | CUSIP: 961214DF7<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   4120000 | PA      | $4107991.85   | 0.27%             | 2031-11-23      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| Caterpillar Inc                                                                      | Caterpillar Inc 5.2 05/15/35                                                  | CUSIP: 149123CL3<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |   2190000 | PA      | $2265793.89   | 0.15%             | 2035-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                                                           | ONEOK, Inc.                                                                   | CUSIP: 682680BF9<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1961000 | PA      | $2197153.09   | 0.14%             | 2051-01-15      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WELLS FARGO & COMPANY                                                         | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3980000 | PA      | $4176815.46   | 0.27%             | 2036-04-23      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Carlyle Us Clo 2018-2 LLC                                                            | CARLYLE US CLO 2017-3 Ltd                                                     | CUSIP: 14314FAY4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10500335 | PA      | $10550421.60  | 0.69%             | 2037-10-21      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Multifamily Structured Pass Through                               | CUSIP: 3137BXHC9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   3386000 | PA      | $3174363.83   | 0.21%             | 2031-10-25      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                               | Foundry JV Holdco LLC                                                         | CUSIP: 350930AC7<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   3362000 | PA      | $3593421.02   | 0.23%             | 2032-01-25      | Fixed         | 6.15%                 | Yes           |                  2 | On Loan: No      |
| GE Healthcare Technologies Inc.                                                      | GE HealthCare Technologies, Inc.                                              | CUSIP: 36267VAH6<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   2811000 | PA      | $2978254.28   | 0.19%             | 2030-03-15      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | U.S. Treasury Note                                                            | CUSIP: 9128286B1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  40063800 | PA      | $38764856.28  | 2.52%             | 2029-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140W0TY1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11360983 | PA      | $11684175.84  | 0.76%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | Freddie Mac REMICS                                                            | CUSIP: 3137HDQT0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   3453221 | PA      | $2872284.73   | 0.19%             | 2042-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 31417L5F8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     62813 | PA      | $62592.22     | 0.00%             | 2039-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Onemain Direct Auto Receivables Tst                                                  | OneMain Direct Auto Receivables Trust                                         | CUSIP: 682685AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13050000 | PA      | $13162136.04  | 0.86%             | 2029-11-14      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2025-5C36                                                       | BBCMS Mortgage Trust 2025-5C36                                                | CUSIP: 05556CAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5728000 | PA      | $5979164.21   | 0.39%             | 2058-08-15      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| Fresb Mortgage Trust                                                                 | FRESB Mortgage Trust                                                          | CUSIP: 30297CAJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4077327 | PA      | $3999083.52   | 0.26%             | 2028-06-25      | Variable      | 3.48%                 | No            |                  2 | On Loan: No      |
| Burlington Northern Santa Fe LLC                                                     | Burlington Northern Santa Fe LLC  4.95 09/15/41                               | CUSIP: 12189LAG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2338000 | PA      | $2249478.22   | 0.15%             | 2041-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SBL Holdings Inc.                                                                    | SBL Holdings, Inc.                                                            | CUSIP: 78432MAA3<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |   2933000 | PA      | $2957198.07   | 0.19%             | 2026-11-13      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| CALIFORNIA ST                                                                        | State of California                                                           | CUSIP: 13063BFR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1388659.89   | 0.09%             | 2040-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140XMF76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9897688 | PA      | $10056564.94  | 0.65%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 31329JEW3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     83344 | PA      | $85353.91     | 0.01%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BMO 2025-5C12 MORTGAGE TRUST                                                         | BMO 2025-5C12 Mortgage Trust                                                  | CUSIP: 09663VAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6847000 | PA      | $7040730.39   | 0.46%             | 2058-10-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL 2025-SFR1 TRUS                                                  | Progress Residential Trust                                                    | CUSIP: 74334NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9343455 | PA      | $8925542.78   | 0.58%             | 2042-02-17      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| Federated Hermes Money Market Obligations Trust                                      | Federated Hermes Treasury Oligations Fund                                     | CUSIP: 31423R500<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |  61210780 | PA      | $61210780.00  | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3132ACS68<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    419573 | PA      | $403320.67    | 0.03%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | Oracle Corp 6 1/8 08/03/65                                                    | CUSIP: 68389XDC6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2727000 | PA      | $2737547.30   | 0.18%             | 2065-08-03      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.                                                               | United Airlines Inc 4 5/8 04/15/29                                            | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   2642000 | PA      | $2601547.68   | 0.17%             | 2029-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3132E0GX4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   9466652 | PA      | $9428444.50   | 0.61%             | 2053-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust 2019-3                                                | Carvana Auto Receivables Trust                                                | CUSIP: 14687TAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8720000 | PA      | $8627576.72   | 0.56%             | 2027-03-10      | Fixed         | 1.27%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPMorgan Chase & Co.                                                          | CUSIP: 46647PEB8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5122000 | PA      | $5247236.33   | 0.34%             | 2030-01-23      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Aker BP ASA                                                                          | Aker BP ASA                                                                   | CUSIP: 00973RAF0<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |   3421000 | PA      | $3303818.30   | 0.21%             | 2030-01-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3132DWAY9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    192537 | PA      | $170055.32    | 0.01%             | 2051-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2012-Lc5                                       | Wells Fargo Commercial Mortgage Trust                                         | CUSIP: 95000YAY1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8591000 | PA      | $8472408.12   | 0.55%             | 2050-10-15      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| VDCM COMMERCIAL MORTGAGE TRUST 2025-AZ                                               | VDCM Commercial Mortgage Trust 2025-AZ                                        | CUSIP: 91825CAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2234000 | PA      | $2263363.03   | 0.15%             | 2044-07-13      | Variable      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Cap I Tst 2018-H3                                                     | Morgan Stanley Capital I Trust                                                | CUSIP: 61767YAZ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9850000 | PA      | $9786628.06   | 0.64%             | 2051-07-15      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140XR3K9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6739352 | PA      | $6809809.59   | 0.44%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                     | Amazon.com Inc 2.875 05/12/41                                                 | CUSIP: 023135CA2<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $1994999.42   | 0.13%             | 2041-05-12      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 31417B6K8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    352279 | PA      | $332472.34    | 0.02%             | 2042-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3131XQLU8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    114278 | PA      | $108929.17    | 0.01%             | 2044-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                   | BX Commercial Mortgage Trust                                                  | CUSIP: 05609QAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2665811 | PA      | $2665337.94   | 0.17%             | 2038-11-15      | Floating      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | Bank of America Corp                                                          | CUSIP: 06051GKY4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5651000 | PA      | $5774006.33   | 0.38%             | 2033-07-22      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3138E0RS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    137909 | PA      | $137929.89    | 0.01%             | 2041-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | Charter Communications Operating LLC Charter Communications Operating Capital | CUSIP: 161175CP7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   1134000 | PA      | $1211789.12   | 0.08%             | 2034-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust 2016-GS4                                                | GS Mortgage Securities Trust 2016-GS4                                         | CUSIP: 36251XAR8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2209000 | PA      | $2185807.93   | 0.14%             | 2049-11-15      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140W0S97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12894430 | PA      | $11078183.03  | 0.72%             | 2052-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac REMICS                                                            | CUSIP: 3137BGAW9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1071917 | PA      | $1013089.74   | 0.07%             | 2044-07-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BANK5 2025-5YR17                                                                     | BANK5 2025-5YR17                                                              | CUSIP: 06211GAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8664000 | PA      | $8937486.96   | 0.58%             | 2058-11-15      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc.                                                   | Citigroup Mortgage Loan Trust, Inc.                                           | CUSIP: 17307GHE1<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-O            | CORP              | US        |      8974 | PA      | $8961.99      | 0.00%             | 2034-08-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | Morgan Stanley                                                                | CUSIP: 61747YFE0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   4787000 | PA      | $4936468.14   | 0.32%             | 2034-04-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3131XQ5Z5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1280406 | PA      | $1205594.49   | 0.08%             | 2045-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2012-Lc5                                       | Wells Fargo Commercial Mortgage Trust                                         | CUSIP: 95000PAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    723000 | PA      | $717653.56    | 0.05%             | 2049-12-15      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPMorgan Chase & Co 5.576 07/23/36                                            | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1333000 | PA      | $1381897.11   | 0.09%             | 2036-07-23      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2024-V6 MORTGAGE TRUST                                                     | Benchmark Mortgage Trust                                                      | CUSIP: 081927AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1396000 | PA      | $1459756.58   | 0.09%             | 2029-03-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| BX CML MTG TR 2021-CIP                                                               | BX Commercial Mortgage Trust                                                  | CUSIP: 12434FAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2614305 | PA      | $2612671.24   | 0.17%             | 2038-12-15      | Floating      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3138AED59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    174502 | PA      | $173285.67    | 0.01%             | 2041-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                  | NextEra Energy Capital Holdings Inc                                           | CUSIP: 65339KBZ2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   3629000 | PA      | $3206608.32   | 0.21%             | 2032-01-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| BANK5 2023-5YR4                                                                      | BANK5 2023-5YR4                                                               | CUSIP: 06211FBA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5789000 | PA      | $6189458.71   | 0.40%             | 2056-12-15      | Variable      | 7.27%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2024-V6 MORTGAGE TRUST                                                     | Benchmark Mortgage Trust                                                      | CUSIP: 081927AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5293000 | PA      | $5542676.10   | 0.36%             | 2029-03-15      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Ares Management Corporation                                                          | Ares Management Corp.                                                         | CUSIP: 03990BAA9<br>LEI: 529900JUV61FH7B8VW38 | Long             | DBT              | CORP              | US        |   1058000 | PA      | $1118872.78   | 0.07%             | 2028-11-10      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MVW 2024-2 LLC                                                                       | MVW 2024-2 LLC                                                                | CUSIP: 55389QAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3410688 | PA      | $3409890.67   | 0.22%             | 2042-03-20      | Fixed         | 4.43%                 | Yes           |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA, Inc.                                                                     | CUSIP: 404119CQ0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2601000 | PA      | $2702281.38   | 0.18%             | 2033-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 41 Ltd.                                           | Neuberger Berman Loan Advisers CLO 41 Ltd.                                    | CUSIP: 64134BAJ9<br>LEI: 549300RYH1PYRU661D66 | Long             | ABS-CBDO         | CORP              | US        |  13027000 | PA      | $13040938.89  | 0.85%             | 2034-04-15      | Floating      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac REMICS                                                            | CUSIP: 3137FA4K1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |      3108 | PA      | $3101.92      | 0.00%             | 2044-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | Freddie Mac Pool                                                              | CUSIP: 3132A5CJ2<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGA              | US        |     61634 | PA      | $59486.41     | 0.00%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140W1T94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7081027 | PA      | $7040931.08   | 0.46%             | 2055-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                      | CVS Health Corp 6.05 06/01/54                                                 | CUSIP: 126650EF3<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2419000 | PA      | $2446906.60   | 0.16%             | 2054-06-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                               | CBOT 2 Year US Treasury Note Future 2025-12-31                                | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DCO              | CORP              | US        |       375 | NS      | $-55635.75    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140XNK60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8245630 | PA      | $8448968.24   | 0.55%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140XKGT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5743501 | PA      | $5615720.02   | 0.37%             | 2052-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Firstenergy Transmission  Llc                                                        | FirstEnergy Transmission LLC 4 3/4 01/15/33                                   | CUSIP: 33767BAJ8<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |   3659000 | PA      | $3651846.29   | 0.24%             | 2033-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                                                | Lowe's Cos Inc 1.7 10/15/30                                                   | CUSIP: 548661DY0<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   2586000 | PA      | $2275828.13   | 0.15%             | 2030-10-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | Glencore Funding LLC 5.673 04/01/35                                           | CUSIP: 378272CA4<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   2904000 | PA      | $3018220.27   | 0.20%             | 2035-04-01      | Fixed         | 5.67%                 | Yes           |                  2 | On Loan: No      |
| Indiana Michigan Power Company                                                       | Indiana Michigan Power Co.                                                    | CUSIP: 454889AQ9<br>LEI: JHR9V15J0ZRG02MIRD06 | Long             | DBT              | CORP              | US        |   3248000 | PA      | $2841067.82   | 0.18%             | 2046-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| SMR MORTGAGE TRUST 2022-IND                                                          | SMR Mortgage Trust                                                            | CUSIP: 78458MAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2597776 | PA      | $2596713.30   | 0.17%             | 2039-02-15      | Floating      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2024-5C25                                                       | BBCMS Mortgage Trust 2024-5C25                                                | CUSIP: 05554VAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2002000 | PA      | $2089350.26   | 0.14%             | 2057-03-15      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140QMMU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3721650 | PA      | $3282074.25   | 0.21%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3138ELAF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    607202 | PA      | $568561.76    | 0.04%             | 2043-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse First Boston Mortgage Securities Corp.                                 | CSFB Mortgage-Backed Pass-Through Certificates                                | CUSIP: 22541SAL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20021 | PA      | $20058.67     | 0.00%             | 2034-02-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3133KYUP2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   5139657 | PA      | $4452776.51   | 0.29%             | 2040-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Phillips Edison Grocery Center Operating Partnership I L P                           | Phillips Edison Grocery Center Operating Partnership I LP                     | CUSIP: 71845JAC2<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |   2260000 | PA      | $2225928.83   | 0.14%             | 2035-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140QUWR3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  13267824 | PA      | $13617993.24  | 0.89%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140JAPG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2599747 | PA      | $2349511.25   | 0.15%             | 2048-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | Freddie Mac Pool                                                              | CUSIP: 3132A5FC4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGA              | US        |   1237622 | PA      | $1158395.41   | 0.08%             | 2046-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac REMICS                                                            | CUSIP: 3137B9S55<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    225122 | PA      | $218015.97    | 0.01%             | 2043-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140QB4R6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3579959 | PA      | $3302943.97   | 0.21%             | 2049-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CSL Finance PLC                                                                      | CSL Finance PLC                                                               | CUSIP: 12661PAC3<br>LEI: 2549007CCNBNAF4HBC02 | Long             | DBT              | CORP              | GB        |   2445000 | PA      | $2409849.26   | 0.16%             | 2032-04-27      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | Charter Communications Operating LLC                                          | CUSIP: 161175CR3<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   2680000 | PA      | $2856120.57   | 0.19%             | 2034-06-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Duke Energy Florida LLC                                                              | Duke Energy Florida LLC                                                       | CUSIP: 341099CL1<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |   2421000 | PA      | $2719325.64   | 0.18%             | 2038-06-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Global Atlantic Finance Co.                                                          | Global Atlantic Fin Co.                                                       | CUSIP: 37959GAF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    939000 | PA      | $992773.36    | 0.06%             | 2054-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Entergy Louisiana LLC                                                                | Entergy Louisiana LLC                                                         | CUSIP: 29364WBN7<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |   3131000 | PA      | $3159554.88   | 0.21%             | 2054-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Comerica Incorporated                                                                | Comerica Inc 5.982 01/30/30                                                   | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |   1604000 | PA      | $1669196.73   | 0.11%             | 2030-01-30      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| Duke Energy Progress LLC                                                             | Duke Energy Progress LLC                                                      | CUSIP: 26442UAE4<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   3984000 | PA      | $3022453.43   | 0.20%             | 2047-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Sempra                                                                               | Sempra                                                                        | CUSIP: 816851BH1<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   2870000 | PA      | $2453302.66   | 0.16%             | 2038-02-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140XLCH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8491843 | PA      | $8635727.79   | 0.56%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMCC Commercial Mortgage Securities Trust 2015-Jp1                                  | JPMCC Commercial Mortgage Securities Trust                                    | CUSIP: 46647TAS7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3742000 | PA      | $3705948.08   | 0.24%             | 2050-03-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                        | US Bancorp                                                                    | CUSIP: 91159HJL5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1923000 | PA      | $1931420.20   | 0.13%             | 2034-02-01      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                                                            | Freddie Mac Pool                                                              | CUSIP: 3131XXYA3<br>LEI: 254900C5LP6DN9OP9V83 | Long             | ABS-MBS          | USGA              | US        |   1862925 | PA      | $1739799.21   | 0.11%             | 2047-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Zoetis Inc.                                                                          | Zoetis, Inc. 5 08/17/35                                                       | CUSIP: 98978VAX1<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |   1861000 | PA      | $1879574.08   | 0.12%             | 2035-08-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140XKLF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6348452 | PA      | $6475152.45   | 0.42%             | 2053-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | Freddie Mac Multifamily Structured Pass Through                               | CUSIP: 3137FG6T7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   8536000 | PA      | $8196870.70   | 0.53%             | 2033-04-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                   | Energy Transfer LP                                                            | CUSIP: 29278NAQ6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1873000 | PA      | $1818814.33   | 0.12%             | 2030-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Woodside Finance Ltd.                                                                | Woodside Finance Ltd 6 05/19/35                                               | CUSIP: 980236AV5<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | US        |   2320000 | PA      | $2421655.07   | 0.16%             | 2035-05-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3132DP6F0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  10246548 | PA      | $9519489.84   | 0.62%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | Fannie Mae Pool                                                               | CUSIP: 31417GMS2<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGSE             | US        |    309154 | PA      | $291449.73    | 0.02%             | 2043-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | Wells Fargo & Co                                                              | CUSIP: 95000U2G7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3721000 | PA      | $3523048.68   | 0.23%             | 2030-10-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                  | Fifth Third Bancorp                                                           | CUSIP: 316773DF4<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |   3051000 | PA      | $2973538.86   | 0.19%             | 2033-04-25      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140QSAE1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6976141 | PA      | $6815501.02   | 0.44%             | 2053-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                               | Diamondback Energy, Inc.                                                      | CUSIP: 25278XAZ2<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   2213000 | PA      | $2259212.73   | 0.15%             | 2034-04-18      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Pioneer Natural Resources Company                                                    | Pioneer Natural Resources Co.                                                 | CUSIP: 723787AQ0<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |   2525000 | PA      | $2267657.96   | 0.15%             | 2030-08-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | Ginnie Mae II Pool                                                            | CUSIP: 3622AB2M3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5318284 | PA      | $5018239.49   | 0.33%             | 2052-07-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | Ginnie Mae I Pool                                                             | CUSIP: 3620AQZA4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     43206 | PA      | $44267.87     | 0.00%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3132DP4Y1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  10463848 | PA      | $10253266.33  | 0.67%             | 2053-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140Q9PD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1050970 | PA      | $1063155.29   | 0.07%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 31427NFN4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  14334319 | PA      | $14031727.55  | 0.91%             | 2053-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 31418CDN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    655585 | PA      | $630296.72    | 0.04%             | 2046-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                                                            | Federal Farm Credit Banks Funding Corp.                                       | CUSIP: 3133EMUA8<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   5325000 | PA      | $4345758.86   | 0.28%             | 2036-03-24      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| APA Corp.                                                                            | APA Corp.                                                                     | CUSIP: 03743QBB3<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |   1849000 | PA      | $1627045.98   | 0.11%             | 2040-09-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140XGT90<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12645542 | PA      | $11701059.47  | 0.76%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140FVUY0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    822486 | PA      | $783126.17    | 0.05%             | 2047-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3132DNVG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   8139376 | PA      | $7959414.50   | 0.52%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-5C6                                       | Wells Fargo Commercial Mortgage Trust 2025-5C6                                | CUSIP: 95004TAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6180000 | PA      | $6358454.30   | 0.41%             | 2058-10-15      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| Southwestern Public Service Company                                                  | Southwestern Public Service Co 3.15 05/01/50                                  | CUSIP: 845743BU6<br>LEI: OL6FE7QD5EQ3DOYEO258 | Long             | DBT              | CORP              | US        |   2755000 | PA      | $1858508.07   | 0.12%             | 2050-05-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 31418SPM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     77124 | PA      | $78983.86     | 0.01%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                                                   | Huntington Bancshares Inc/OH                                                  | CUSIP: 446150BC7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   2070000 | PA      | $2178545.73   | 0.14%             | 2029-08-21      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                     | NRG Energy Inc 5.407 10/15/35                                                 | CUSIP: 629377DB5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1863000 | PA      | $1869336.06   | 0.12%             | 2035-10-15      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2024-5C25                                                       | BBCMS Mortgage Trust                                                          | CUSIP: 05554VAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2940000 | PA      | $3078099.15   | 0.20%             | 2057-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust 2017-HR2                                              | Morgan Stanley Capital I                                                      | CUSIP: 61691NAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8910000 | PA      | $8796875.97   | 0.57%             | 2050-12-15      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | Bank of America Corp.                                                         | CUSIP: 06051GLH0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2046000 | PA      | $2116831.80   | 0.14%             | 2034-04-25      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Freddie Mac Pool                                                              | CUSIP: 31329M6D7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    117117 | PA      | $112890.73    | 0.01%             | 2044-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Prologis Targeted US Logistics Fund LP                                               | Prologis Targeted US Logistics Fund LP                                        | CUSIP: 74350LAB0<br>LEI: 5493004DTBWUQ9F2VJ87 | Long             | DBT              | CORP              | US        |   2085000 | PA      | $2165066.50   | 0.14%             | 2034-04-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Macquarie Group Ltd.                                                                 | Macquarie Group Ltd                                                           | CUSIP: 55607PAG0<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | US        |   4065000 | PA      | $3672429.78   | 0.24%             | 2032-06-23      | Fixed         | 2.69%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140KKS47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7278496 | PA      | $6179902.68   | 0.40%             | 2050-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 31418BD45<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    413532 | PA      | $410745.25    | 0.03%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR5                                                                      | BANK5 2024-5YR5                                                               | CUSIP: 065931BG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5741000 | PA      | $5990355.17   | 0.39%             | 2029-02-15      | Variable      | 6.27%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Securities Corp.                                 | JP Morgan Chase Commercial Mortgage Securities Trust                          | CUSIP: 46635TAU6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1008283 | PA      | $982010.11    | 0.06%             | 2046-02-15      | Variable      | 5.01%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140QFRE1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4273255 | PA      | $3650301.58   | 0.24%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140J8KN2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2831759 | PA      | $2717860.92   | 0.18%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDU LN TR 2024-E                                                         | SMB Private Education Loan Trust 2024-E                                       | CUSIP: 78450XAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12760369 | PA      | $12921750.46  | 0.84%             | 2056-10-16      | Fixed         | 5.09%                 | Yes           |                  2 | On Loan: No      |
| Cfcre 2016 C7 Mortgage Trust                                                         | CFCRE Commercial Mortgage Trust                                               | CUSIP: 12532BAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3447000 | PA      | $3409736.21   | 0.22%             | 2054-12-10      | Variable      | 3.84%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | United States Treasury Note/Bond                                              | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  40046000 | PA      | $36967463.75  | 2.40%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Dell International LLC / EMC Corp.                                                   | Dell International LLC / EMC Corp.                                            | CUSIP: 24703TAP1<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   2616000 | PA      | $2702189.06   | 0.18%             | 2035-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | U.S. Treasury Bond 2.50%, 02/15/2045                                          | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  76065800 | PA      | $54485100.38  | 3.54%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                               | CBOT 5 Year US Treasury Note 2025-12-31                                       | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DCO              | CORP              | US        |       495 | NS      | $197815.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| STORE Capital Corp.                                                                  | Store Capital LLC                                                             | CUSIP: 862121AC4<br>LEI: 5493004EA6C9IHDZ7N66 | Long             | DBT              | CORP              | US        |   3096000 | PA      | $2814335.02   | 0.18%             | 2030-11-18      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc.                                                                | Freeport-McMoRan Inc 5.45 03/15/43                                            | CUSIP: 35671DBC8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |   3929000 | PA      | $3784336.58   | 0.25%             | 2043-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Duke University                                                                      | Duke University                                                               | CUSIP: 26442TAE7<br>LEI: FY5ICUIRRDCHN4HHL592 | Long             | DBT              | CORP              | US        |   2317000 | PA      | $1687646.61   | 0.11%             | 2046-10-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                              | MPLX LP                                                                       | CUSIP: 55336VAM2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   2393000 | PA      | $2164495.23   | 0.14%             | 2038-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3138WHMS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    486086 | PA      | $482056.12    | 0.03%             | 2046-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 31418WVL1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     83085 | PA      | $85088.16     | 0.01%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jpmcc 2016-Jp4                                                                       | JP Morgan Chase Commercial Mortgage Securities Trust                          | CUSIP: 46645UAT4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1517000 | PA      | $1501090.61   | 0.10%             | 2049-12-15      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| Blackrock Inc.                                                                       | BlackRock, Inc.                                                               | CUSIP: 09247XAR2<br>LEI: 529900VBK42Y5HHRMD23 | Long             | DBT              | CORP              | US        |   3509000 | PA      | $3127569.03   | 0.20%             | 2031-01-28      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| New Century Home Equity Loan Trust 2005-1                                            | New Century Home Equity Loan Trust                                            | CUSIP: 64352VDK4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    232026 | PA      | $232688.23    | 0.02%             | 2033-10-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140X6FL0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10221540 | PA      | $9179051.60   | 0.60%             | 2050-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3133KPDK1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   8579347 | PA      | $8127007.70   | 0.53%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | United States Treasury Note/Bond                                              | CUSIP: 91282CGQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  34371900 | PA      | $34770667.66  | 2.26%             | 2030-02-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cd 2016-Cd2 Mortga                                                                   | CD 2016-CD2 Mortgage Trust                                                    | CUSIP: 12515ABE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4314000 | PA      | $4196961.18   | 0.27%             | 2049-11-10      | Variable      | 3.53%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140QFFX2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3056107 | PA      | $2695484.70   | 0.18%             | 2050-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 31416BM70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    167436 | PA      | $173794.44    | 0.01%             | 2037-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR6                                                                      | BANK5 Trust 2024-5YR6                                                         | CUSIP: 066043AG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9377000 | PA      | $9961068.01   | 0.65%             | 2057-05-15      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| TOYOTA AUTO LOAN EXTENDED NOTE TRUST 2025-1                                          | Toyota Auto Loan Extended Note Trust 2025-1                                   | CUSIP: 891950AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13303000 | PA      | $13557115.24  | 0.88%             | 2038-05-25      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | Freddie Mac Pool                                                              | CUSIP: 3132A5FT7<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGA              | US        |    842900 | PA      | $791108.31    | 0.05%             | 2046-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                                            | Mars, Inc. 5.2 03/01/35                                                       | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   3599000 | PA      | $3678669.37   | 0.24%             | 2035-03-01      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Transatlantic Holdings Inc.                                                          | Transatlantic Holdings, Inc.                                                  | CUSIP: 893521AB0<br>LEI: RN37QJVS1BV19MNIC295 | Long             | DBT              | CORP              | US        |   1712000 | PA      | $2147477.11   | 0.14%             | 2039-11-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Nevada Power Company                                                                 | Nevada Power Co 6 1/4 05/15/55                                                | CUSIP: 641423CH9<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |    647000 | PA      | $656122.70    | 0.04%             | 2055-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3132DQNY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  10301310 | PA      | $9758128.66   | 0.63%             | 2053-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac REMICS                                                            | CUSIP: 3137ASCR3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |       282 | PA      | $281.64       | 0.00%             | 2040-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                                                  | Ally Financial Inc 5.543 01/17/31                                             | CUSIP: 02005NBW9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   2787000 | PA      | $2839148.53   | 0.18%             | 2031-01-17      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140X6AQ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5201882 | PA      | $4623519.58   | 0.30%             | 2050-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Microchip Technology Incorporated                                                    | Microchip Technology Inc 5.05 02/15/30                                        | CUSIP: 595017BL7<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   1497000 | PA      | $1530875.60   | 0.10%             | 2030-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 31329KVS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    536333 | PA      | $518580.78    | 0.03%             | 2036-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Lehigh University                                                                    | Lehigh University                                                             | CUSIP: 525015AA1<br>LEI: 549300FZSN0WQ20I3T65 | Long             | DBT              | CORP              | US        |   3898000 | PA      | $2923854.21   | 0.19%             | 2046-11-15      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co.                                                       | Hewlett Packard Enterprise Co 4.4 10/15/30                                    | CUSIP: 42824CCA5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   2612000 | PA      | $2596141.82   | 0.17%             | 2030-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac REMICS                                                            | CUSIP: 3137A3QD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    728312 | PA      | $698881.27    | 0.05%             | 2040-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust 2016-BNK2                                             | Morgan Stanley Capital I Trust                                                | CUSIP: 61690YBU5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2562000 | PA      | $2512731.46   | 0.16%             | 2049-11-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140JBZL3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8755046 | PA      | $8700471.40   | 0.57%             | 2048-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac REMICS                                                            | CUSIP: 31398WSD7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    139877 | PA      | $142452.24    | 0.01%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH                                              | New York City Transitional Finance Authority  Future Tax Secured Revenue      | CUSIP: 64971XMN5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   7130000 | PA      | $6405187.02   | 0.42%             | 2033-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                              | Hyundai Capital America 5.4 06/23/32                                          | CUSIP: 44891ADX2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    670000 | PA      | $689812.11    | 0.04%             | 2032-06-23      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3132A4WS3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     71305 | PA      | $74989.23     | 0.00%             | 2036-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140XQVA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4074353 | PA      | $3900303.09   | 0.25%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | Philip Morris International, Inc.                                             | CUSIP: 718172DA4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   2166000 | PA      | $2238421.25   | 0.15%             | 2030-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| FHLMC Super 30Y Fixed                                                                | Freddie Mac Pool                                                              | CUSIP: 31427PAN4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |   7757824 | PA      | $7918146.58   | 0.51%             | 2055-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Company                                                            | Kraft Heinz Foods Co.                                                         | CUSIP: 50076QAE6<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2400207.24   | 0.16%             | 2042-06-04      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| The Boeing Company                                                                   | Boeing Co/The                                                                 | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2483000 | PA      | $2533608.90   | 0.16%             | 2040-05-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Saxon Asset Securities Trust 2004-2                                                  | Saxon Asset Securities Trust                                                  | CUSIP: 805564QV6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1026433 | PA      | $998443.07    | 0.06%             | 2034-12-26      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | T-Mobile USA, Inc.                                                            | CUSIP: 87264ADD4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   3084000 | PA      | $3193080.71   | 0.21%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Steel Dynamics, Inc.                                                                 | Steel Dynamics Inc                                                            | CUSIP: 858119BQ2<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |   2330000 | PA      | $2408746.66   | 0.16%             | 2034-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | Freddie Mac REMICS                                                            | CUSIP: 3137H9UJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   7803864 | PA      | $7875795.69   | 0.51%             | 2049-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Apollo Debt Solutions BDC                                                            | Apollo Debt Solutions BDC 6.9 04/13/29                                        | CUSIP: 03770DAB9<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |   2522000 | PA      | $2651571.68   | 0.17%             | 2029-04-13      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 31329JFF9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     25746 | PA      | $26367.17     | 0.00%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                   | BX Trust                                                                      | CUSIP: 12434EAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2863975 | PA      | $2860395.00   | 0.19%             | 2036-11-15      | Floating      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3131X8PB6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     24727 | PA      | $24348.50     | 0.00%             | 2028-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd                                                                   | Athene Holding Ltd.                                                           | CUSIP: 04686JAG6<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |   3678000 | PA      | $3849196.19   | 0.25%             | 2034-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| D.R. Horton, Inc.                                                                    | DR Horton Inc 4.85 10/15/30                                                   | CUSIP: 23331ABT5<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |   1415000 | PA      | $1443141.58   | 0.09%             | 2030-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Meritage Homes Corp                                                                  | Meritage Homes Corp                                                           | CUSIP: 59001ABD3<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |   1570000 | PA      | $1528381.66   | 0.10%             | 2029-04-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| KKR Group Finance Company III LLC                                                    | KKR Group Finance Co III LLC                                                  | CUSIP: 48250AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1471565.72   | 0.10%             | 2044-06-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Citizens Financial Group Inc                                                         | Citizens Financial Group, Inc.                                                | CUSIP: 174610BF1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   1546000 | PA      | $1611369.80   | 0.10%             | 2030-01-23      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | Morgan Stanley                                                                | CUSIP: 61747YEH4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   4614000 | PA      | $4116415.12   | 0.27%             | 2032-10-20      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| LCM 33 Ltd / LCM 33 LLC                                                              | LCM 33 Ltd                                                                    | CUSIP: 50202CAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14967000 | PA      | $14991246.54  | 0.97%             | 2034-07-20      | Floating      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3132DWCV3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1065930 | PA      | $944639.65    | 0.06%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3133KJC75<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1854047 | PA      | $1711973.37   | 0.11%             | 2050-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3133KJJP8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   7832580 | PA      | $6668168.52   | 0.43%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Invitation Homes Operating Partnership Lp                                            | Invitation Homes Operating Partnership LP                                     | CUSIP: 46188BAD4<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1570940.82   | 0.10%             | 2032-04-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y                                                         | Metropolitan Transportation Authority                                         | CUSIP: 59261A2P1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    345000 | PA      | $318376.32    | 0.02%             | 2049-11-15      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc.                                                 | Sumitomo Mitsui Financial Group, Inc.                                         | CUSIP: 86562MCB4<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   3042000 | PA      | $2754636.59   | 0.18%             | 2030-07-08      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                                                          | Hertz Vehicle Financing III LLC                                               | CUSIP: 42806MCL1<br>LEI: 5493004IHDYOZ9K9WF47 | Long             | ABS-O            | CORP              | US        |  17494000 | PA      | $17906522.52  | 1.16%             | 2031-01-27      | Fixed         | 5.48%                 | Yes           |                  2 | On Loan: No      |
| RTX Corp.                                                                            | RTX Corp.                                                                     | CUSIP: 913017BT5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   3028000 | PA      | $2738189.18   | 0.18%             | 2042-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Comm 2017-Panw Mortgage Trust                                                        | COMM Mortgage Trust                                                           | CUSIP: 12595EAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7241000 | PA      | $7094959.17   | 0.46%             | 2050-09-10      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| Bacardi Ltd / Bacardi Martini BV                                                     | Bacardi Ltd / Bacardi-Martini BV                                              | CUSIP: 05635JAB6<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | US        |   2760000 | PA      | $2788343.88   | 0.18%             | 2033-06-15      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| AT&T Inc                                                                             | AT&T Inc                                                                      | CUSIP: 00206RGQ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2409000 | PA      | $2414244.61   | 0.16%             | 2030-02-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140XG7C7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1590346 | PA      | $1500359.47   | 0.10%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 31329KVE1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    714982 | PA      | $706817.14    | 0.05%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | Broadcom, Inc.                                                                | CUSIP: 11135FBV2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   3659000 | PA      | $3649187.11   | 0.24%             | 2037-05-15      | Fixed         | 4.93%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140QS4J7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  13646743 | PA      | $14190774.74  | 0.92%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac REMICS                                                            | CUSIP: 3137AWH81<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    460716 | PA      | $458466.90    | 0.03%             | 2027-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 31329KV84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1267007 | PA      | $1223702.45   | 0.08%             | 2036-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc.                                                  | Mitsubishi UFJ Financial Group Inc 2.494 10/13/32                             | CUSIP: 606822CB8<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | US        |   2421000 | PA      | $2157493.37   | 0.14%             | 2032-10-13      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| Aircastle Ltd. / Aircastle Ireland DAC                                               | Aircastle Ltd / Aircastle Ireland DAC 5 09/15/30                              | CUSIP: 00929JAC0<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | US        |   2815000 | PA      | $2836076.47   | 0.18%             | 2030-09-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3132DPUP1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2621189 | PA      | $2619155.46   | 0.17%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3132E0VM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1477997 | PA      | $1481380.26   | 0.10%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3132DQCK0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  13869747 | PA      | $14121209.78  | 0.92%             | 2053-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Southern Company Gas Capital Corp.                                                   | Southern Co Gas Capital Corp 5.1 09/15/35                                     | CUSIP: 8426EPAK4<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |   2883000 | PA      | $2890536.48   | 0.19%             | 2035-09-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | Government National Mortgage Association                                      | CUSIP: 38384DCA3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  10412218 | PA      | $10671955.29  | 0.69%             | 2050-04-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ares Finance Co III LLC                                                              | Ares Finance Co III LLC 4.125 06/30/51                                        | CUSIP: 04018VAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1515290.70   | 0.10%             | 2051-06-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | Fannie Mae Pool                                                               | CUSIP: 31418A2X5<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGSE             | US        |    701851 | PA      | $695708.20    | 0.05%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CD 2017 Cd3 Mortgage Trust                                                           | CD 2017-CD3 Mortgage Trust                                                    | CUSIP: 12515GAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    530000 | PA      | $514476.19    | 0.03%             | 2050-02-10      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3133KYTE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3682657 | PA      | $3436639.38   | 0.22%             | 2040-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Residential Asset Mortgage Products, Inc.                                            | RAAC Trust                                                                    | CUSIP: 7609855T4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1816 | PA      | $1806.57      | 0.00%             | 2034-03-25      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| Carlyle Gl 2017                                                                      | Citigroup Commercial Mortgage Trust                                           | CUSIP: 17325HBP8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1337000 | PA      | $1319331.81   | 0.09%             | 2050-04-14      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| CMS Energy Corporation                                                               | CMS Energy Corp.                                                              | CUSIP: 125896BL3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   2449000 | PA      | $2161364.46   | 0.14%             | 2043-03-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 31329KWW0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1058932 | PA      | $1042894.30   | 0.07%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dryden 53 Clo Ltd                                                                    | Dryden 53 CLO Ltd                                                             | CUSIP: 26243EAR2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9600000 | PA      | $9609888.00   | 0.62%             | 2031-01-15      | Variable      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| Iqvia Inc                                                                            | IQVIA, Inc.                                                                   | CUSIP: 46266TAF5<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   1916000 | PA      | $2016848.66   | 0.13%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | Government National Mortgage Association                                      | CUSIP: 38375QX87<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |     94893 | PA      | $95758.36     | 0.01%             | 2038-06-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3133BV5M3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   8122151 | PA      | $8241751.21   | 0.54%             | 2053-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3132A9Q42<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    125024 | PA      | $123785.85    | 0.01%             | 2030-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae REMICS                                                             | CUSIP: 31397UBQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    434833 | PA      | $437418.69    | 0.03%             | 2041-05-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                         | Barclays PLC                                                                  | CUSIP: 06738EBK0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1959000 | PA      | $1985269.60   | 0.13%             | 2030-06-20      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2023-V2 MORTGAGE TRUST                                                     | Benchmark Mortgage Trust                                                      | CUSIP: 08163TAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3127000 | PA      | $3254456.83   | 0.21%             | 2055-05-15      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140XP4G1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  23990130 | PA      | $21335358.05  | 1.39%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Onemain Financial Issuance Trust 2014-2                                              | OneMain Financial Issuance Trust                                              | CUSIP: 68269MAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20805000 | PA      | $20109493.01  | 1.31%             | 2036-06-16      | Fixed         | 1.55%                 | Yes           |                  2 | On Loan: No      |
| BAE Systems PLC                                                                      | BAE Systems PLC                                                               | CUSIP: 05523RAJ6<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | US        |   2190000 | PA      | $2255319.75   | 0.15%             | 2029-03-26      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac REMICS                                                            | CUSIP: 3137AXUF8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    324000 | PA      | $307285.62    | 0.02%             | 2032-12-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DTE Electric Co.                                                                     | DTE Electric Co 5 1/4 05/15/35                                                | CUSIP: 23338VAY2<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |   2976000 | PA      | $3062021.28   | 0.20%             | 2035-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 31427MSS1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3936751 | PA      | $4028110.27   | 0.26%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | Government National Mortgage Association                                      | CUSIP: 38378YP37<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2262557 | PA      | $2016690.73   | 0.13%             | 2040-03-20      | Variable      | 2.28%                 | No            |                  2 | On Loan: No      |
| American National Group Inc.                                                         | American National Group Inc 6 07/15/35                                        | CUSIP: 025676AQ0<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |   2090000 | PA      | $2133581.60   | 0.14%             | 2035-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                             | American Express Co                                                           | CUSIP: 025816DZ9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   2695000 | PA      | $2803002.29   | 0.18%             | 2036-01-30      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3133KN7C1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   4365071 | PA      | $4008495.08   | 0.26%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Cifc Funding 2019-1 Ltd                                                              | CIFC Funding 2017-III Ltd                                                     | CUSIP: 12548JAN2<br>LEI: 254900RRJV30GDUWIX97 | Long             | ABS-CBDO         | CORP              | US        |  15000000 | PA      | $15059700.00  | 0.98%             | 2037-04-20      | Floating      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| Motorola Solutions Inc                                                               | Motorola Solutions Inc 4.85 08/15/30                                          | CUSIP: 620076CA5<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |   2526000 | PA      | $2574134.57   | 0.17%             | 2030-08-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| SBL Holdings Inc.                                                                    | SBL Holdings Inc                                                              | CUSIP: 78397DAD0<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |   1456000 | PA      | $1459880.18   | 0.09%             | 2034-10-30      | Fixed         | 7.20%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 31418B5P7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    549094 | PA      | $527914.54    | 0.03%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                         | City of New York NY                                                           | CUSIP: 64966Q7R5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5399173.50   | 0.35%             | 2033-10-01      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Enstar Group Ltd                                                                     | Enstar Group Ltd.                                                             | CUSIP: 29359UAC3<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |   1654000 | PA      | $1477269.57   | 0.10%             | 2031-09-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| LXP Industrial Trust                                                                 | LXP Industrial Trust                                                          | CUSIP: 529043AE1<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              | CORP              | US        |   2070000 | PA      | $1891387.21   | 0.12%             | 2030-09-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Pfizer Investment Enterprises Pte Ltd.                                               | Pfizer Investment Enterprises Pte Ltd                                         | CUSIP: 716973AD4<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | US        |   2151000 | PA      | $2191337.21   | 0.14%             | 2030-05-19      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140GTVK3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1108638 | PA      | $1065696.38   | 0.07%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2024-V7 MORTGAGE TRUST                                                     | Benchmark 2024-V7 Mortgage Trust                                              | CUSIP: 08163YAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8156000 | PA      | $8622922.03   | 0.56%             | 2056-05-15      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | United States Treasury Note                                                   | CUSIP: 91282CJZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  38615400 | PA      | $38514336.16  | 2.50%             | 2034-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RGA Global Funding                                                                   | RGA Global Funding                                                            | CUSIP: 76209PAD5<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |   1392000 | PA      | $1452219.48   | 0.09%             | 2031-01-11      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| AT&T Inc                                                                             | AT&T, Inc.                                                                    | CUSIP: 00206RJZ6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   4555000 | PA      | $3641162.42   | 0.24%             | 2041-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Dell International LLC / EMC Corp.                                                   | Dell International LLC / EMC Corp 4 3/4 10/06/32                              | CUSIP: 24703DBT7<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1791953.35   | 0.12%             | 2032-10-06      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR6                                                                      | BANK5 Trust                                                                   | CUSIP: 066043AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5192000 | PA      | $5483748.34   | 0.36%             | 2057-05-15      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| Fiserv Inc.                                                                          | Fiserv Inc 5.15 08/12/34                                                      | CUSIP: 337738BN7<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   2572000 | PA      | $2602742.19   | 0.17%             | 2034-08-12      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Fannie Mae Pool                                                               | CUSIP: 31418DU42<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10197834 | PA      | $8529883.07   | 0.55%             | 2040-12-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Anglo American Capital PLC                                                           | Anglo American Capital PLC 6 04/05/54                                         | CUSIP: 034863BF6<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | US        |   2249000 | PA      | $2311159.28   | 0.15%             | 2054-04-05      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CWMBS Inc                                                                            | CHL Mortgage Pass-Through Trust                                               | CUSIP: 12669FPC1<br>LEI: 549300430UQIJMFG3R47 | Long             | ABS-O            | CORP              | US        |     36389 | PA      | $36298.16     | 0.00%             | 2034-04-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Sprint Capital Corporation                                                           | Sprint Capital Corp 8.75 03/15/32                                             | CUSIP: 852060AT9<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |   2431000 | PA      | $2961647.94   | 0.19%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd                                                                   | Athene Holding Ltd 6.625 10/15/54                                             | CUSIP: 04686JAJ0<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1412579.00   | 0.09%             | 2054-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2024-V7 MORTGAGE TRUST                                                     | Benchmark 2024-V7 Mortgage Trust                                              | CUSIP: 08163YAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6548000 | PA      | $6902114.53   | 0.45%             | 2056-05-15      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3133KPY93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   8291136 | PA      | $8298933.57   | 0.54%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Meiji Yasuda Life Insurance Co.                                                      | Meiji Yasuda Life Insurance Co.                                               | CUSIP: 585270AA9<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |   2904000 | PA      | $2902814.01   | 0.19%             | 2045-10-20      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| BANK5 2023-5YR4                                                                      | BANK5 2023-5YR4                                                               | CUSIP: 06211FBF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2107000 | PA      | $2256436.03   | 0.15%             | 2028-12-15      | Variable      | 7.86%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3132A1HQ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      6399 | PA      | $6556.77      | 0.00%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 31339UY95<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2108540 | PA      | $1877337.59   | 0.12%             | 2049-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Verisk Analytics, Inc.                                                               | Verisk Analytics, Inc. 5.25 03/15/35                                          | CUSIP: 92345YAL0<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |   2176000 | PA      | $2218297.04   | 0.14%             | 2035-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                             | Avis Budget Rental Car Funding AESOP LLC                                      | CUSIP: 05377RHM9<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   4543000 | PA      | $4769586.67   | 0.31%             | 2030-02-20      | Fixed         | 6.02%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3131WJMG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     27621 | PA      | $28320.27     | 0.00%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae-Aces                                                               | CUSIP: 3136B4VT2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1400618 | PA      | $1355074.23   | 0.09%             | 2029-06-25      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140X5XA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1913913 | PA      | $1848057.02   | 0.12%             | 2038-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae REMICS                                                             | CUSIP: 3136AE2J5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    891000 | PA      | $778705.31    | 0.05%             | 2043-07-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140QQ2L8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5624131 | PA      | $5614071.09   | 0.36%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | Bank of America Corp 5.744 02/12/36                                           | CUSIP: 06051GMQ9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3008000 | PA      | $3125217.55   | 0.20%             | 2036-02-12      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| ALABAMA ECONOMIC SETTLEMENT AUTH                                                     | Alabama Economic Settlement Authority                                         | CUSIP: 01026CAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2675000 | PA      | $2665664.52   | 0.17%             | 2032-09-15      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| Puget Energy Inc                                                                     | Puget Sound Energy, Inc.                                                      | CUSIP: 745332CH7<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |   2644000 | PA      | $2167327.49   | 0.14%             | 2048-06-15      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPMorgan Chase & Co 4.912 07/25/33                                            | CUSIP: 46647PDH6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3490000 | PA      | $3558777.12   | 0.23%             | 2033-07-25      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 31416XW55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     98324 | PA      | $98368.84     | 0.01%             | 2041-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage LP                                                               | Extra Space Storage LP 4.95 01/15/33                                          | CUSIP: 30225VAV9<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   2453000 | PA      | $2467467.45   | 0.16%             | 2033-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | Wells Fargo & Co.                                                             | CUSIP: 95000U3B7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2992000 | PA      | $3039658.16   | 0.20%             | 2033-07-25      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3131XY6L8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    529991 | PA      | $493183.20    | 0.03%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BANK5 2023-5YR3                                                                      | BANK5                                                                         | CUSIP: 06211EAP6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3607000 | PA      | $3872049.93   | 0.25%             | 2056-09-15      | Variable      | 7.56%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | Freddie Mac Pool                                                              | CUSIP: 3132A5FN0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGA              | US        |    353726 | PA      | $340081.70    | 0.02%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Baxter International, Inc.                                                           | Baxter International Inc 2.539 02/01/32                                       | CUSIP: 071813CS6<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |   2791000 | PA      | $2446846.26   | 0.16%             | 2032-02-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3132ADZC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    432358 | PA      | $415678.53    | 0.03%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Meritage Homes Corp                                                                  | Meritage Homes Corp 5.65 03/15/35                                             | CUSIP: 59001ABG6<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |   2201000 | PA      | $2234828.09   | 0.15%             | 2035-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRU                                                  | Wells Fargo Commercial Mortgage Trust 2025-5C5                                | CUSIP: 95004MAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4651000 | PA      | $4863040.49   | 0.32%             | 2058-07-15      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140QEAB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5990382 | PA      | $4898990.29   | 0.32%             | 2050-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | Freddie Mac Pool                                                              | CUSIP: 3131WQGB7<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGA              | US        |    212442 | PA      | $217565.92    | 0.01%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co.                                                                      | Eli Lilly & Co 5.55 10/15/55                                                  | CUSIP: 532457DF2<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    752000 | PA      | $773625.55    | 0.05%             | 2055-10-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                           | Amgen, Inc.                                                                   | CUSIP: 031162DQ0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   3687000 | PA      | $3822010.23   | 0.25%             | 2030-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3138WZVF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    849260 | PA      | $799901.12    | 0.05%             | 2043-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3138A2GJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    157908 | PA      | $158338.02    | 0.01%             | 2040-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 31418BKN5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    147983 | PA      | $147000.27    | 0.01%             | 2044-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                             | Avis Budget Rental Car Funding AESOP LLC                                      | CUSIP: 05377RHY3<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   3127000 | PA      | $3234063.79   | 0.21%             | 2030-06-20      | Fixed         | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3132A4VX3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     21829 | PA      | $22358.62     | 0.00%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gartner Inc.                                                                         | Gartner, Inc.                                                                 | CUSIP: 366651AC1<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2281218.82   | 0.15%             | 2028-07-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Centerpoint Energy Houston Electric LLC                                              | CenterPoint Energy Houston Electric LLC                                       | CUSIP: 15189XBE7<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |   2240000 | PA      | $2294301.54   | 0.15%             | 2034-03-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | Broadcom Inc 4.2 10/15/30                                                     | CUSIP: 11135FCW9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1796929.74   | 0.12%             | 2030-10-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                                            | Toronto-Dominion Bank/The                                                     | CUSIP: 891160MJ9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | US        |   2114000 | PA      | $2096844.38   | 0.14%             | 2031-09-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3131XMSC0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    233168 | PA      | $219839.58    | 0.01%             | 2043-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3131WNL69<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     25858 | PA      | $25818.15     | 0.00%             | 2039-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140XLPP7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  13941705 | PA      | $14045982.34  | 0.91%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3132DN3T8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   7973224 | PA      | $7946634.10   | 0.52%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                                                | Targa Resources Corp                                                          | CUSIP: 87612GAF8<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |   2060000 | PA      | $2243076.92   | 0.15%             | 2034-03-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2025-V16 MORTGAGE TRUST                                                    | Benchmark 2025-V16 Mortgage Trust                                             | CUSIP: 08164RAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2854000 | PA      | $2967381.71   | 0.19%             | 2057-08-15      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 31418BN51<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    375855 | PA      | $371973.66    | 0.02%             | 2035-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | United States Treasury Note                                                   | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25742400 | PA      | $26042057.50  | 1.69%             | 2032-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BAT Capital Corp                                                              | CUSIP: 054989AB4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   2638000 | PA      | $2896075.20   | 0.19%             | 2033-08-02      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2024-V5 MORTGAGE TRUST                                                     | Benchmark Mortgage Trust                                                      | CUSIP: 08163XAY9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8434000 | PA      | $8787358.45   | 0.57%             | 2057-01-10      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | Charter Communications Operating LLC 6.1 06/01/29                             | CUSIP: 161175CQ5<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   1653000 | PA      | $1734647.04   | 0.11%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac REMICS                                                            | CUSIP: 3137FU6S8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  13141383 | PA      | $10472125.05  | 0.68%             | 2050-07-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| BMO 2023-5C1 MORTGAGE TRUST                                                          | BMO 2023-5C1 Mortgage Trust                                                   | CUSIP: 055986AF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2002000 | PA      | $2121308.39   | 0.14%             | 2056-08-15      | Variable      | 7.35%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140XL2S6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  13293483 | PA      | $12280559.99  | 0.80%             | 2050-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank Of America Merrill Lynch Trust 2016-C32                          | Morgan Stanley Bank of America Merrill Lynch Trust                            | CUSIP: 61691GAS9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5198000 | PA      | $5157286.67   | 0.34%             | 2049-12-15      | Variable      | 3.72%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | Government National Mortgage Association                                      | CUSIP: 38384EG74<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   7948985 | PA      | $8115028.54   | 0.53%             | 2034-07-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140X8FP7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4177504 | PA      | $4140657.33   | 0.27%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                   | Meta Platforms Inc.                                                           | CUSIP: 30303M8Q8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   2484000 | PA      | $2454146.17   | 0.16%             | 2054-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | Fannie Mae Pool                                                               | CUSIP: 3140XHMF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7483549 | PA      | $7370238.08   | 0.48%             | 2052-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ELP COMMERCIAL MTG TR 2021-ELP                                                       | ELP Commercial Mortgage Trust                                                 | CUSIP: 26863LAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3058516 | PA      | $3054692.44   | 0.20%             | 2038-11-15      | Floating      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| Delta Air Lines Inc.                                                                 | Delta Air Lines Inc 5 1/4 07/10/30                                            | CUSIP: 247361A32<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   2518000 | PA      | $2568844.01   | 0.17%             | 2030-07-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | United States Treasury Bond                                                   | CUSIP: 912810SP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  65822200 | PA      | $33096224.94  | 2.15%             | 2050-08-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers Issuer                                                          | Vantage Data Centers LLC                                                      | CUSIP: 92212KAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7364000 | PA      | $7401296.45   | 0.48%             | 2055-08-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| American Tower Trust I                                                               | American Tower Trust #1                                                       | CUSIP: 03027WAK8<br>LEI: 5493004YGM0MQZJOEJ36 | Long             | ABS-O            | CORP              | US        |   3279000 | PA      | $3223222.90   | 0.21%             | 2028-03-15      | Fixed         | 3.65%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac Pool                                                              | CUSIP: 3132E0AS1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   8702376 | PA      | $8341381.72   | 0.54%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                                                              | GA Global Funding Trust                                                       | CUSIP: 36143L2L8<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   2297000 | PA      | $2376569.66   | 0.15%             | 2029-01-08      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Ladder Capital Finance Holdings LLLP/ Ladder Capital Finance Corp.                   | Ladder Capital Finance Holdings LLLP Ladder Capital Finance Corp              | CUSIP: 505742AR7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2481000 | PA      | $2601042.47   | 0.17%             | 2031-07-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | Freddie Mac REMICS                                                            | CUSIP: 3137ATUJ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   6956976 | PA      | $6708259.93   | 0.44%             | 2042-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tanger Properties Limited Partnership                                                | Tanger Properties LP                                                          | CUSIP: 875484AL1<br>LEI: PQPGJDNFN35EXH363L31 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $1971182.75   | 0.13%             | 2031-09-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Sterling Capital Funds

**Signature:** Todd Miller

**Name of Signer:** Todd Miller

**Title:** Treasurer