# EDGAR Filing Document

**Accession Number:** 0000887340
**File Stem:** 0001752724-25-201293
**Filing Date:** 2025-8
**Character Count:** 95451
**Document Hash:** 594226539df9f2da2fcc5d7fa2e79529
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-201293.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-201293

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEW YORK LIFE INVESTMENTS VP FUNDS TRUST
- **CENTRAL INDEX KEY:** 0000887340

**ORGANIZATION NAME:**
- **EIN:** 133186036
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03833-01
- **FILM NUMBER:** 251248750

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MADISON AVE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 2125767000

**MAIL ADDRESS:**
- **STREET 1:** 51 MADISON AVE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAINSTAY VP FUNDS TRUST
- **DATE OF NAME CHANGE:** 20110429

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAINSTAY VP SERIES FUND INC
- **DATE OF NAME CHANGE:** 20010518

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEW YORK LIFE MFA SERIES FUND INC
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### NYLI VP Balanced Portfolio (Series ID: S000009437)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000025804 | Initial Class |  |
| C000025805 | Service Class |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** NEW YORK LIFE INVESTMENTS VP FUNDS TRUST

- **b. Investment Company Act file number:** 811-03833-01

- **c. CIK number of Registrant:** 0000887340

- **d. LEI of Registrant:** 549300AG6K4RXYNOVN04

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

  - **Street Address 1:** 51 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 212-576-7000

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

- **a. Name of Series:** NYLI VP Balanced Portfolio

- **b. EDGAR series identifier (if any):** S000009437

- **c. LEI of Series:** 549300HCFHT3ITO8VH62

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

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

- **b. Date as of which information is reported:** 2025-06-30

**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:** $346803449.52

**Total Liabilities:** $2516915.47

**Net Assets:** $344286534.05

**Cash Not Reported:** $1146327.88

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -37.18000000 | **1-Year:** -5830.63000000 | **5-Year:** -12202.76000000 | **10-Year:** -6568.65000000 | **30-Year:** -1139.55000000

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

- **3-Month:** 0.00000000 | **1-Year:** -1486.56000000 | **5-Year:** -6766.36000000 | **10-Year:** -5203.48000000 | **30-Year:** -122.44000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000025805 | -1.71%               | 1.73%                | 2.09%                |
| Class ID C000025804 | -1.69%               | 1.75%                | 2.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-882506.87              | $-6020334.23                               |
| Month 2  | $800619.20               | $4351120.15                                |
| Month 3  | $2057862.01              | $4317127.18                                |

**Designated Index Information**

- **Index Name:** Balanced Composite Index

- **Index Identifier:** BBCC4

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Intel Corp.                                        | Intel Corp.                                                          | CUSIP: 458140CL2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    145000 | PA      | $144703.30    | 0.04%             | 2034-02-21      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| KeyCorp                                            | KeyCorp                                                              | CUSIP: 49326EEQ2<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    420000 | PA      | $425013.06    | 0.12%             | 2031-04-04      | Variable      | 5.12%                 | No            |                  2 | On Loan: —       |
| AT&T, Inc.                                         | AT&T, Inc.                                                           | CUSIP: 00206RHJ4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    745000 | PA      | $746562.89    | 0.22%             | 2029-03-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Duke Energy Carolinas LLC                          | Duke Energy Carolinas LLC                                            | CUSIP: 26442CBJ2<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    160000 | PA      | $162798.99    | 0.05%             | 2033-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Archer-Daniels-Midland Co.                         | Archer-Daniels-Midland Co.                                           | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     56882 | NS      | $3002231.96   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Georgia-Pacific LLC                                | Georgia-Pacific LLC                                                  | CUSIP: 37331NAT8<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |    360000 | PA      | $364321.05    | 0.11%             | 2032-06-30      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| Amphenol Corp.                                     | Amphenol Corp.                                                       | CUSIP: 032095AR2<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    285000 | PA      | $288059.24    | 0.08%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Unilever plc                                       | Unilever plc                                                         | CUSIP: 904767704<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     36286 | NS      | $2219614.62   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy, Inc.                                  | Xcel Energy, Inc.                                                    | CUSIP: 98389BBB5<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    220000 | PA      | $223471.53    | 0.06%             | 2034-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                       | Pacific Gas and Electric Co.                                         | CUSIP: 694308KM8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     90000 | PA      | $94078.08     | 0.03%             | 2033-06-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Lowe's Cos., Inc.                                  | Lowe's Cos., Inc.                                                    | CUSIP: 548661EP8<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    235000 | PA      | $235399.13    | 0.07%             | 2026-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Gentex Corp.                                       | Gentex Corp.                                                         | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |    110962 | NS      | $2440054.38   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands, Inc.                         | Constellation Brands, Inc.                                           | CUSIP: 21036PBP2<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    260000 | PA      | $257618.67    | 0.07%             | 2033-05-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                        | United Parcel Service, Inc.                                          | CUSIP: 911312BY1<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    170000 | PA      | $171981.20    | 0.05%             | 2030-04-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                  | Wells Fargo & Co.                                                    | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    420000 | PA      | $430148.47    | 0.12%             | 2031-04-23      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| Intel Corp.                                        | Intel Corp.                                                          | CUSIP: 458140CF5<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    225000 | PA      | $230070.24    | 0.07%             | 2030-02-10      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| United States of America                           | U.S. Treasury Notes                                                  | CUSIP: 91282CMV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25750000 | PA      | $25790234.38  | 7.49%             | 2027-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Alphabet, Inc.                                     | Alphabet, Inc., Class C                                              | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     43473 | NS      | $7711675.47   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp.                            | Boston Scientific Corp.                                              | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     27131 | NS      | $2914140.71   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)           | PNC Financial Services Group, Inc. (The)                             | CUSIP: 693475BT1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    420000 | PA      | $431757.31    | 0.13%             | 2027-10-20      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank NA                             | Morgan Stanley Bank NA                                               | CUSIP: 61690U8A1<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252013.55    | 0.07%             | 2028-01-14      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Co.                    | Virginia Electric and Power Co.                                      | CUSIP: 927804GR9<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    290000 | PA      | $290615.63    | 0.08%             | 2034-08-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Everest Group Ltd.                                 | Everest Group Ltd.                                                   | CUSIP: N/A<br>LEI: 549300N24XF2VV0B3570       | Long             | EC               | CORP              | BM        |      6418 | NS      | $2181157.30   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                        | Capital One Financial Corp.                                          | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    255000 | PA      | $259602.00    | 0.08%             | 2036-01-30      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| AbbVie, Inc.                                       | AbbVie, Inc.                                                         | CUSIP: 00287YDU0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    295000 | PA      | $300357.97    | 0.09%             | 2034-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Equitable America Global Funding                   | Equitable America Global Funding                                     | CUSIP: 29446Q2B8<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |    450000 | PA      | $454902.99    | 0.13%             | 2030-06-09      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| Duke Energy Ohio, Inc.                             | Duke Energy Ohio, Inc.                                               | CUSIP: 26442EAJ9<br>LEI: L6KC0HABGHNFU1Z6QY21 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61793.14     | 0.02%             | 2033-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp.                                | Union Pacific Corp.                                                  | CUSIP: 907818FX1<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    190000 | PA      | $171269.84    | 0.05%             | 2032-02-14      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Gaming and Leisure Properties, Inc.                | Gaming and Leisure Properties, Inc.                                  | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |     62912 | NS      | $2936732.16   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)           | PNC Financial Services Group, Inc. (The)                             | CUSIP: 693475BU8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     60000 | PA      | $67074.11     | 0.02%             | 2034-10-20      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Lowe's Cos., Inc.                                  | Lowe's Cos., Inc.                                                    | CUSIP: 548661EQ6<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86740.82     | 0.03%             | 2033-07-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: —       |
| General Motors Financial Co., Inc.                 | General Motors Financial Co., Inc.                                   | CUSIP: 37045XDZ6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    485000 | PA      | $486575.87    | 0.14%             | 2025-10-10      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Solventum Corp.                                    | Solventum Corp.                                                      | CUSIP: 83444MAN1<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    460000 | PA      | $467504.43    | 0.14%             | 2027-02-25      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                       | Barclays plc                                                         | CUSIP: 06738ECD5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    325000 | PA      | $344989.37    | 0.10%             | 2028-11-02      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Blackstone Holdings Finance Co. LLC                | Blackstone Holdings Finance Co. LLC                                  | CUSIP: 09261BAJ9<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |    480000 | PA      | $496281.17    | 0.14%             | 2027-11-03      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                | U.S. Treasury 5 Year Notes                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        77 | NC      | $104762.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings plc                                  | HSBC Holdings plc                                                    | CUSIP: 404280DR7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    395000 | PA      | $419485.93    | 0.12%             | 2028-11-03      | Variable      | 7.39%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                  | Johnson & Johnson                                                    | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     36036 | NS      | $5504499.00   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                                  | Merck & Co., Inc.                                                    | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     56263 | NS      | $4453779.08   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Private Credit Fund                     | Blackstone Private Credit Fund                                       | CUSIP: 09261HBA4<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    340000 | PA      | $341871.97    | 0.10%             | 2025-09-29      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| United States of America                           | U.S. Treasury Notes                                                  | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $3004687.50   | 0.87%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                               | JPMorgan Chase & Co.                                                 | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    225000 | PA      | $229617.02    | 0.07%             | 2028-04-22      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Pfizer, Inc.                                       | Pfizer, Inc.                                                         | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    154418 | NS      | $3743092.32   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group LP                            | Simon Property Group LP                                              | CUSIP: 828807DL8<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |    365000 | PA      | $343899.51    | 0.10%             | 2028-02-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| EOG Resources, Inc.                                | EOG Resources, Inc.                                                  | CUSIP: 26875PAY7<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    170000 | PA      | $172067.52    | 0.05%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                  | Wells Fargo & Co.                                                    | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    445000 | PA      | $451226.83    | 0.13%             | 2029-04-23      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                               | JPMorgan Chase & Co.                                                 | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    720000 | PA      | $737859.02    | 0.21%             | 2031-04-22      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| Middleby Corp. (The)                               | Middleby Corp. (The)                                                 | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |     17884 | NS      | $2575296.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Global Funding                          | Corebridge Global Funding                                            | CUSIP: 00138CBA5<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    265000 | PA      | $271176.98    | 0.08%             | 2029-06-24      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                    | BRAVO Residential Funding Trust, Series 2023-NQM8, Class A1          | CUSIP: 10567MAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    359936 | PA      | $363057.09    | 0.11%             | 2063-10-25      | Variable      | 6.39%                 | Yes           |                  2 | On Loan: No      |
| Truist Bank                                        | Truist Bank                                                          | CUSIP: 07330MAC1<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247035.52    | 0.07%             | 2029-09-17      | Variable      | 4.63%                 | No            |                  2 | On Loan: No      |
| Southwest Gas Corp.                                | Southwest Gas Corp.                                                  | CUSIP: 845011AH8<br>LEI: OQQR1IQTGBKH0UR88X59 | Long             | DBT              | CORP              | US        |    170000 | PA      | $173808.81    | 0.05%             | 2028-03-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Atmos Energy Corp.                                 | Atmos Energy Corp.                                                   | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     20571 | NS      | $3170196.81   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp.                            | Regions Financial Corp.                                              | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |    125383 | NS      | $2949008.16   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Gas and Electric Co.                       | Pacific Gas and Electric Co.                                         | CUSIP: 694308KF3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    310000 | PA      | $313588.08    | 0.09%             | 2027-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                               | JPMorgan Chase & Co.                                                 | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    385000 | PA      | $398992.17    | 0.12%             | 2036-04-22      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Knight-Swift Transportation Holdings, Inc.         | Knight-Swift Transportation Holdings, Inc.                           | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47598 | NS      | $2105259.54   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial, Inc.                      | Raymond James Financial, Inc.                                        | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     20771 | NS      | $3185648.27   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Foods Holding Corp.                           | U.S. Foods Holding Corp.                                             | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     40281 | NS      | $3102039.81   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                       | Oracle Corp.                                                         | CUSIP: 68389XBV6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    385000 | PA      | $359531.20    | 0.10%             | 2030-04-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Johnson Controls International plc                 | Johnson Controls International plc                                   | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | IE        |     28702 | NS      | $3031505.24   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co., Inc.                                    | KKR & Co., Inc.                                                      | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     26743 | NS      | $3557621.29   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Arkansas LLC                               | Entergy Arkansas LLC                                                 | CUSIP: 29366MAD0<br>LEI: 549300A0I5ONUIFMLP35 | Long             | DBT              | CORP              | US        |    170000 | PA      | $174201.82    | 0.05%             | 2033-01-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co.                     | Hewlett Packard Enterprise Co.                                       | CUSIP: 42824CBT5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198999.59    | 0.06%             | 2029-10-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| PECO Energy Co.                                    | PECO Energy Co.                                                      | CUSIP: 693304BF3<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |    235000 | PA      | $238592.29    | 0.07%             | 2033-06-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                            | MPLX LP                                                              | CUSIP: 55336VBX7<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    295000 | PA      | $296199.13    | 0.09%             | 2034-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                              | Targa Resources Corp.                                                | CUSIP: 87612GAK7<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    190000 | PA      | $190665.61    | 0.06%             | 2035-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)           | PNC Financial Services Group, Inc. (The)                             | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     16997 | NS      | $3168580.74   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                | Citigroup Commercial Mortgage Trust, Series 2020-GC46, Class A5      | CUSIP: 17328RAZ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $458831.60    | 0.13%             | 2053-02-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                 | Energy Transfer LP                                                   | CUSIP: 29278NAQ6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    140000 | PA      | $134324.20    | 0.04%             | 2030-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Adobe, Inc.                                        | Adobe, Inc.                                                          | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      6264 | NS      | $2423416.32   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil SA                      | Industria de Diseno Textil SA                                        | CUSIP: 455793109<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |    180628 | NS      | $2357195.40   | 0.68%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                                | U.S. Treasury 10 Year Notes                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         3 | NC      | $1447.66      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                                   | Amazon.com, Inc.                                                     | CUSIP: 023135BZ8<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    345000 | PA      | $306314.70    | 0.09%             | 2031-05-12      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                       | Pacific Gas and Electric Co.                                         | CUSIP: 694308KJ5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    655000 | PA      | $674620.19    | 0.20%             | 2033-01-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                         | Warnermedia Holdings, Inc.                                           | CUSIP: 55903VBB8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    182000 | PA      | $145600.00    | 0.04%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                        | United Parcel Service, Inc.                                          | CUSIP: 911312CD6<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    290000 | PA      | $297223.22    | 0.09%             | 2034-05-22      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| JB Hunt Transport Services, Inc.                   | JB Hunt Transport Services, Inc.                                     | CUSIP: 445658CG0<br>LEI: 549300XCD1MPI1C5GK90 | Long             | DBT              | CORP              | US        |    330000 | PA      | $334876.79    | 0.10%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy, Inc.                           | Diamondback Energy, Inc.                                             | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     14749 | NS      | $2026512.60   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co. (The)                                 | Southern Co. (The)                                                   | CUSIP: 842587DM6<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    180000 | PA      | $180195.08    | 0.05%             | 2025-10-06      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Public Service Co. of Oklahoma                     | Public Service Co. of Oklahoma                                       | CUSIP: 744533BS8<br>LEI: F3TJNSIZRGXRH8GEIK79 | Long             | DBT              | CORP              | US        |    245000 | PA      | $246751.22    | 0.07%             | 2036-01-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| N/A                                                | U.S. Treasury 2 Year Notes                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -14 | NC      | $-11945.25    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group, Inc.                     | Citizens Financial Group, Inc.                                       | CUSIP: 174610BG9<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    200000 | PA      | $215575.25    | 0.06%             | 2035-04-25      | Variable      | 6.64%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                       | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    140000 | PA      | $141709.06    | 0.04%             | 2035-07-19      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                       | CUSIP: 61747YET8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1099829.82   | 0.32%             | 2026-07-17      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                          | Corebridge Global Funding                                            | CUSIP: 00138CAX6<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    420000 | PA      | $430156.93    | 0.12%             | 2029-01-12      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| HCA, Inc.                                          | HCA, Inc.                                                            | CUSIP: 404119CK3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    210000 | PA      | $193701.01    | 0.06%             | 2032-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| AstraZeneca plc                                    | AstraZeneca plc                                                      | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     32731 | NS      | $2287242.28   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq, Inc.                                       | Nasdaq, Inc.                                                         | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     29939 | NS      | $2677145.38   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Investment Enterprises Pte. Ltd.            | Pfizer Investment Enterprises Pte. Ltd.                              | CUSIP: 716973AE2<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    165000 | PA      | $164503.95    | 0.05%             | 2033-05-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares, Inc.                        | Huntington Bancshares, Inc.                                          | CUSIP: 446150BE3<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    425000 | PA      | $435453.73    | 0.13%             | 2031-01-15      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| Vanguard Russell 1000 Value                        | Vanguard Russell 1000 Value                                          | CUSIP: 92206C714<br>LEI: N/A                  | Long             |  | RF                | US        |     47393 | NS      | $4038357.53   | 1.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Charles Schwab Corp. (The)                         | Charles Schwab Corp. (The)                                           | CUSIP: 808513CJ2<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    360000 | PA      | $381978.67    | 0.11%             | 2029-11-17      | Variable      | 6.20%                 | No            |                  2 | On Loan: —       |
| Broadcom, Inc.                                     | Broadcom, Inc.                                                       | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      8911 | NS      | $2456317.15   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd.                                        | Amdocs Ltd.                                                          | CUSIP: N/A<br>LEI: 549300HQV672RJ7RQV66       | Long             | EC               | CORP              | GG        |     33409 | NS      | $3048237.16   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems plc                                    | BAE Systems plc                                                      | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |     72210 | NS      | $1869881.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp.                                                | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    815000 | PA      | $792162.73    | 0.23%             | 2027-07-22      | Variable      | 1.73%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                   | Boeing Co. (The)                                                     | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    140000 | PA      | $152113.98    | 0.04%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC            | Daimler Truck Finance North America LLC                              | CUSIP: 233853BD1<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    255000 | PA      | $260962.97    | 0.08%             | 2030-01-13      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Home Depot, Inc. (The)                             | Home Depot, Inc. (The)                                               | CUSIP: 437076CJ9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    300000 | PA      | $258253.20    | 0.08%             | 2031-09-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                    | Citigroup, Inc.                                                      | CUSIP: 172967NX5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    855000 | PA      | $856920.24    | 0.25%             | 2026-09-29      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper, Inc.                             | Keurig Dr Pepper, Inc.                                               | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     79635 | NS      | $2632733.10   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications, Inc.                       | Verizon Communications, Inc.                                         | CUSIP: 92343VEU4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1973.32      | 0.00%             | 2029-12-03      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| EOG Resources, Inc.                                | EOG Resources, Inc.                                                  | CUSIP: 26875PAX9<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    650000 | PA      | $653753.00    | 0.19%             | 2028-07-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| United States of America                           | U.S. Treasury Bonds                                                  | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    700000 | PA      | $696062.50    | 0.20%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                   | Paramount Global                                                     | CUSIP: 92556HAD9<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    270000 | PA      | $246428.76    | 0.07%             | 2032-05-19      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Antero Resources Corp.                             | Antero Resources Corp.                                               | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     71743 | NS      | $2889808.04   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen, Inc.                                        | Amgen, Inc.                                                          | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    240000 | PA      | $245222.82    | 0.07%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Patterson-UTI Energy, Inc.                         | Patterson-UTI Energy, Inc.                                           | CUSIP: 703481AD3<br>LEI: 254900XGFBKIXD6G0697 | Long             | DBT              | CORP              | US        |    315000 | PA      | $322552.38    | 0.09%             | 2033-10-01      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| NYLI U.S. Government Liquidity Fund                | NYLI U.S. Government Liquidity Fund                                  | CUSIP: 56064L488<br>LEI: 549300Y3ZLEL13IJCK58 | Long             | STIV             | RF                | US        |   3539112 | NS      | $3539111.90   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections, Inc.                            | Waste Connections, Inc.                                              | CUSIP: 94106BAA9<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |    370000 | PA      | $344270.99    | 0.10%             | 2030-02-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: —       |
| Cisco Systems, Inc.                                | Cisco Systems, Inc.                                                  | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     70922 | NS      | $4920568.36   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Gas and Electric Co.                       | Pacific Gas and Electric Co.                                         | CUSIP: 694308KL0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    180000 | PA      | $186489.74    | 0.05%             | 2029-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp.                                    | Starbucks Corp.                                                      | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     21103 | NS      | $1933667.89   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning, Inc.                                      | Corning, Inc.                                                        | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     45264 | NS      | $2380433.76   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                               | JPMorgan Chase & Co.                                                 | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     27774 | NS      | $8051960.34   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                       | Oracle Corp.                                                         | CUSIP: 68389XDA0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    140000 | PA      | $143101.79    | 0.04%             | 2035-08-03      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| Morgan Stanley                                     | Morgan Stanley                                                       | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     24334 | NS      | $3427687.24   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Operating LLC               | Charter Communications Operating LLC                                 | CUSIP: 161175BU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    585000 | PA      | $521640.83    | 0.15%             | 2031-04-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies CLO Ltd.          | Carlyle Global Market Strategies CLO Ltd., Series 2013-3A, Class A2R | CUSIP: 14310GAS9<br>LEI: 6354006XBJTNRUJOLM20 | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $801248.00    | 0.23%             | 2030-10-15      | Floating      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| Axalta Coating Systems Ltd.                        | Axalta Coating Systems Ltd.                                          | CUSIP: N/A<br>LEI: 529900AGLPA40GV6H619       | Long             | EC               | CORP              | BM        |     70667 | NS      | $2098103.23   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp.                               | American Tower Corp.                                                 | CUSIP: 03027XBC3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    495000 | PA      | $439605.56    | 0.13%             | 2030-06-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Arizona Public Service Co.                         | Arizona Public Service Co.                                           | CUSIP: 040555DG6<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |    320000 | PA      | $327490.33    | 0.10%             | 2033-08-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Lowe's Cos., Inc.                                  | Lowe's Cos., Inc.                                                    | CUSIP: 548661EL7<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    160000 | PA      | $161686.38    | 0.05%             | 2033-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States of America                           | U.S. Treasury Notes                                                  | CUSIP: 91282CMT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12295000 | PA      | $12404022.10  | 3.60%             | 2032-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Roche Holding AG                                   | Roche Holding AG                                                     | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |      6150 | NS      | $2002848.32   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Intermediate Government/Credit Bond ETF    | iShares Intermediate Government/Credit Bond ETF                      | CUSIP: 464288612<br>LEI: 549300USOBX01WS0GK74 | Long             |  | RF                | US        |    127373 | NS      | $13602162.67  | 3.95%             |  |  |  | No            |                  1 | On Loan: —       |
| HSBC Holdings plc                                  | HSBC Holdings plc                                                    | CUSIP: 404280DX4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    260000 | PA      | $276208.51    | 0.08%             | 2034-06-20      | Variable      | 6.55%                 | No            |                  2 | On Loan: No      |
| Global Payments, Inc.                              | Global Payments, Inc.                                                | CUSIP: 37940XAG7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    315000 | PA      | $304699.92    | 0.09%             | 2027-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| F5, Inc.                                           | F5, Inc.                                                             | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      8571 | NS      | $2522616.72   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                    | Goldman Sachs Group, Inc. (The)                                      | CUSIP: 38141GA46<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    265000 | PA      | $281103.05    | 0.08%             | 2029-10-24      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| Vanguard Intermediate-Term Treasury ETF            | Vanguard Intermediate-Term Treasury ETF                              | CUSIP: 92206C706<br>LEI: N/A                  | Long             |  | RF                | US        |    207852 | NS      | $12431628.12  | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                                  | Merck & Co., Inc.                                                    | CUSIP: 58933YBE4<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    225000 | PA      | $196385.91    | 0.06%             | 2031-12-10      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Georgia Power Co.                                  | Georgia Power Co.                                                    | CUSIP: 373334KS9<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    585000 | PA      | $593039.14    | 0.17%             | 2028-05-16      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                    | Citigroup, Inc.                                                      | CUSIP: 172967PN5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    145000 | PA      | $147252.87    | 0.04%             | 2034-11-19      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips                                     | ConocoPhillips                                                       | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     37614 | NS      | $3375480.36   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co., Inc.                  | American Electric Power Co., Inc.                                    | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     29154 | NS      | $3025019.04   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle, Inc.                                 | Crown Castle, Inc.                                                   | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     25881 | NS      | $2658755.13   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co. (The)                                 | Southern Co. (The)                                                   | CUSIP: 842587DL8<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     90000 | PA      | $94535.77     | 0.03%             | 2032-10-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                     | Broadcom, Inc.                                                       | CUSIP: 11135FCF6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    355000 | PA      | $363658.56    | 0.11%             | 2030-04-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Targa Resources Partners LP                        | Targa Resources Partners LP                                          | CUSIP: 87612BBQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    575000 | PA      | $583554.95    | 0.17%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Leggett & Platt, Inc.                              | Leggett & Platt, Inc.                                                | CUSIP: 524660AZ0<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | DBT              | CORP              | US        |    491000 | PA      | $477259.48    | 0.14%             | 2029-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp.                                  | Duke Energy Corp.                                                    | CUSIP: 26441CBH7<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    185000 | PA      | $167876.19    | 0.05%             | 2030-06-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| L3Harris Technologies, Inc.                        | L3Harris Technologies, Inc.                                          | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     14984 | NS      | $3758586.56   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos., Inc.                        | Marsh & McLennan Cos., Inc.                                          | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     15327 | NS      | $3351095.28   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Toronto-Dominion Bank (The)                        | Toronto-Dominion Bank (The)                                          | CUSIP: 89116CQJ9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    260000 | PA      | $260746.20    | 0.08%             | 2034-09-10      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp.                                                | CUSIP: 06051GLG2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    510000 | PA      | $521200.61    | 0.15%             | 2029-04-25      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| Coterra Energy, Inc.                               | Coterra Energy, Inc.                                                 | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |    124376 | NS      | $3156662.88   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue, Inc.                                       | Kenvue, Inc.                                                         | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    117534 | NS      | $2459986.62   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper, Inc.                             | Keurig Dr Pepper, Inc.                                               | CUSIP: 49271VBA7<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120609.18    | 0.04%             | 2030-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Ally Financial, Inc.                               | Ally Financial, Inc.                                                 | CUSIP: 02005NBT6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    330000 | PA      | $347388.29    | 0.10%             | 2029-06-13      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| INVESCO GOVT AND AGCY LEX                          | INVESCO GOVERNMENT & AGENCY PORTFOLIO OPEN-END FUND USD              | CUSIP: 825252885<br>LEI: O37NHJVF7S22I1ONOU83 | Long             | STIV             | RF                | US        |   1407359 | NS      | $1407359.25   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                       | UBS Group AG                                                         | CUSIP: 225401AV0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    440000 | PA      | $457191.27    | 0.13%             | 2028-08-11      | Variable      | 6.44%                 | Yes           |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)           | PNC Financial Services Group, Inc. (The)                             | CUSIP: 693475CD5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    405000 | PA      | $410144.02    | 0.12%             | 2031-05-13      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| QUALCOMM, Inc.                                     | QUALCOMM, Inc.                                                       | CUSIP: 747525BK8<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    400000 | PA      | $363932.28    | 0.11%             | 2030-05-20      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp.                                  | Duke Energy Corp.                                                    | CUSIP: 26441CBT1<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    130000 | PA      | $127105.48    | 0.04%             | 2032-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Dick's Sporting Goods, Inc.                        | Dick's Sporting Goods, Inc.                                          | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |     12762 | NS      | $2524451.22   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings, Inc.                       | LPL Financial Holdings, Inc.                                         | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      7901 | NS      | $2962637.97   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                       | CUSIP: 61747YFQ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    235000 | PA      | $244097.02    | 0.07%             | 2030-04-18      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| MetLife, Inc.                                      | MetLife, Inc.                                                        | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     44617 | NS      | $3588099.14   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| GA Global Funding Trust                            | GA Global Funding Trust                                              | CUSIP: 36143L2R5<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    510000 | PA      | $523627.79    | 0.15%             | 2030-01-13      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| United States of America                           | U.S. Treasury Notes                                                  | CUSIP: 91282CNH0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10053125.00  | 2.92%             | 2028-06-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp.                   | CUSIP: 63743HFJ6<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255715.79    | 0.07%             | 2028-09-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Co.                     | Southern California Edison Co.                                       | CUSIP: 842400HU0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303815.48    | 0.09%             | 2028-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Lincoln Financial Global Funding                   | Lincoln Financial Global Funding                                     | CUSIP: 53359KAA9<br>LEI: 984500OC010458395923 | Long             | DBT              | CORP              | US        |    330000 | PA      | $339090.85    | 0.10%             | 2030-01-13      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Ares Management Corp.                              | Ares Management Corp.                                                | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |     11552 | NS      | $2000806.40   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                | U.S. Treasury 10 Year Ultra Bonds                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -17 | NC      | $-33904.75    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Resources Corp.                 | CenterPoint Energy Resources Corp.                                   | CUSIP: 15189YAF3<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |    410000 | PA      | $356948.03    | 0.10%             | 2030-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                               | JPMorgan Chase & Co.                                                 | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    470000 | PA      | $474481.01    | 0.14%             | 2028-01-23      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| Invesco US CLO Ltd.                                | Invesco US CLO Ltd., Series 2024-3A, Class A                         | CUSIP: 46148HAB4<br>LEI: 254900GU4U8LUX3GA959 | Long             | ABS-CBDO         | CORP              | JE        |    444444 | PA      | $445923.11    | 0.13%             | 2037-07-20      | Floating      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| Emerson Electric Co.                               | Emerson Electric Co.                                                 | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     31388 | NS      | $4184962.04   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Operating LLC               | Charter Communications Operating LLC                                 | CUSIP: 161175AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285000 | PA      | $299337.89    | 0.09%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp                                       | U.S. Bancorp                                                         | CUSIP: 91159HJP6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    295000 | PA      | $303679.41    | 0.09%             | 2027-10-26      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| 3M Co.                                             | 3M Co.                                                               | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     17163 | NS      | $2612895.12   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen, Inc.                                        | Amgen, Inc.                                                          | CUSIP: 031162DQ0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    235000 | PA      | $242139.74    | 0.07%             | 2030-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                            | Hyundai Capital America                                              | CUSIP: 44891ADU8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1015000 | PA      | $1020855.21   | 0.30%             | 2027-06-23      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Duke Energy Ohio, Inc.                             | Duke Energy Ohio, Inc.                                               | CUSIP: 26442EAM2<br>LEI: L6KC0HABGHNFU1Z6QY21 | Long             | DBT              | CORP              | US        |    550000 | PA      | $558453.36    | 0.16%             | 2035-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Store Master Funding I-VII XIV XIX XX              | Store Master Funding I-VII XIV XIX XX, Series 2021-1A, Class A1      | CUSIP: 86190BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    238875 | PA      | $221387.38    | 0.06%             | 2051-06-20      | Fixed         | 2.12%                 | Yes           |                  2 | On Loan: No      |
| Verizon Communications, Inc.                       | Verizon Communications, Inc.                                         | CUSIP: 92343VGH1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    290000 | PA      | $274771.97    | 0.08%             | 2028-03-22      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                    | Goldman Sachs Group, Inc. (The)                                      | CUSIP: 38141GB78<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    140000 | PA      | $138306.57    | 0.04%             | 2035-10-23      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank NA                             | Morgan Stanley Bank NA                                               | CUSIP: 61690U4T4<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    340000 | PA      | $340957.24    | 0.10%             | 2026-04-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Elevance Health, Inc.                              | Elevance Health, Inc.                                                | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      9004 | NS      | $3502195.84   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Foods Co.                              | Kraft Heinz Foods Co.                                                | CUSIP: 50077LAV8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    105000 | PA      | $101643.64    | 0.03%             | 2030-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group, Inc.                             | WEC Energy Group, Inc.                                               | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     27356 | NS      | $2850495.20   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.                           | Marathon Petroleum Corp.                                             | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     18073 | NS      | $3002106.03   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ABN AMRO Bank NV                                   | ABN AMRO Bank NV                                                     | CUSIP: 00084DBA7<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |    315000 | PA      | $321859.82    | 0.09%             | 2027-09-18      | Variable      | 6.34%                 | Yes           |                  2 | On Loan: No      |
| Citigroup, Inc.                                    | Citigroup, Inc.                                                      | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    315000 | PA      | $329751.09    | 0.10%             | 2034-05-25      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| PACCAR, Inc.                                       | PACCAR, Inc.                                                         | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     33305 | NS      | $3165973.30   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                              | NXP Semiconductors NV                                                | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |     14302 | NS      | $3124843.98   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp, Inc.                                       | NetApp, Inc.                                                         | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     20979 | NS      | $2235312.45   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                       | UBS Group AG                                                         | CUSIP: 902613BJ6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    265000 | PA      | $272154.88    | 0.08%             | 2030-02-08      | Variable      | 5.43%                 | Yes           |                  2 | On Loan: No      |
| Florida Power & Light Co.                          | Florida Power & Light Co.                                            | CUSIP: 341081GK7<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    500000 | PA      | $512088.13    | 0.15%             | 2028-04-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Sempra                                             | Sempra                                                               | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     45286 | NS      | $3431320.22   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Pipelines Operating Co. LLC               | Columbia Pipelines Operating Co. LLC                                 | CUSIP: 19828TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $216404.14    | 0.06%             | 2030-08-15      | Fixed         | 5.93%                 | Yes           |                  2 | On Loan: No      |
| American International Group, Inc.                 | American International Group, Inc.                                   | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     44110 | NS      | $3775374.90   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                              | Gilead Sciences, Inc.                                                | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     36157 | NS      | $4008726.59   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group, Inc.                           | UnitedHealth Group, Inc.                                             | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     15781 | NS      | $4923198.57   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Ireland Capital DAC                         | AerCap Ireland Capital DAC                                           | CUSIP: 00774MBL8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    425000 | PA      | $425094.22    | 0.12%             | 2029-09-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AT&T, Inc.                                         | AT&T, Inc.                                                           | CUSIP: 00206RKH4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     60000 | PA      | $51638.95     | 0.01%             | 2032-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Home Depot, Inc. (The)                             | Home Depot, Inc. (The)                                               | CUSIP: 437076DE9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    145000 | PA      | $146747.03    | 0.04%             | 2034-06-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                  | Wells Fargo & Co.                                                    | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    140000 | PA      | $144510.72    | 0.04%             | 2036-04-23      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                       | CUSIP: 61747YFK6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127618.61    | 0.04%             | 2030-01-16      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                    | Goldman Sachs Group, Inc. (The)                                      | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    525000 | PA      | $538215.01    | 0.16%             | 2031-04-23      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                          | Ford Motor Credit Co. LLC                                            | CUSIP: 345397G49<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    245000 | PA      | $245719.04    | 0.07%             | 2029-11-07      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                       | Oracle Corp.                                                         | CUSIP: 68389XAV7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    240000 | PA      | $227943.28    | 0.07%             | 2034-07-08      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                              | Targa Resources Corp.                                                | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     19143 | NS      | $3332413.44   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Louisiana LLC                              | Entergy Louisiana LLC                                                | CUSIP: 29364WBP2<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    290000 | PA      | $291650.54    | 0.08%             | 2034-09-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                     | BNP Paribas SA                                                       | CUSIP: 09659W3A0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    365000 | PA      | $379710.93    | 0.11%             | 2033-01-13      | Variable      | 5.79%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp.                                                | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300002.72    | 0.09%             | 2035-10-25      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                         | Occidental Petroleum Corp.                                           | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    435000 | PA      | $436398.96    | 0.13%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp.                                                | CUSIP: 06051GMM8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    140000 | PA      | $143950.03    | 0.04%             | 2036-01-24      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| Fortune Brands Innovations, Inc.                   | Fortune Brands Innovations, Inc.                                     | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |     18496 | NS      | $952174.08    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                | Bank of New York Mellon Corp. (The)                                  | CUSIP: 06406RBU0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    140000 | PA      | $154164.10    | 0.04%             | 2034-10-25      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| Centene Corp.                                      | Centene Corp.                                                        | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     56133 | NS      | $3046899.24   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp.                                     | M&T Bank Corp.                                                       | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     15681 | NS      | $3041957.19   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| RGA Global Funding                                 | RGA Global Funding                                                   | CUSIP: 76209PAC7<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |    635000 | PA      | $666059.53    | 0.19%             | 2028-11-21      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Truist Financial Corp.                             | Truist Financial Corp.                                               | CUSIP: 89788MAM4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    130000 | PA      | $130081.33    | 0.04%             | 2034-01-26      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                 | Energy Transfer LP                                                   | CUSIP: 29273VAQ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    155000 | PA      | $160889.05    | 0.05%             | 2033-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Newmont Corp.                                      | Newmont Corp.                                                        | CUSIP: 65163LAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $148745.67    | 0.04%             | 2034-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Ares Management Corp.                              | Ares Management Corp.                                                | CUSIP: 03990BAA9<br>LEI: 529900JUV61FH7B8VW38 | Long             | DBT              | CORP              | US        |    325000 | PA      | $344405.32    | 0.10%             | 2028-11-10      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CubeSmart LP                                       | CubeSmart LP                                                         | CUSIP: 22966RAH9<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              | CORP              | US        |    280000 | PA      | $260859.94    | 0.08%             | 2028-12-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                     | Broadcom, Inc.                                                       | CUSIP: 11135FBF7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     95000 | PA      | $81256.74     | 0.02%             | 2033-02-15      | Fixed         | 2.60%                 | Yes           |                  2 | On Loan: No      |
| Credit Agricole SA                                 | Credit Agricole SA                                                   | CUSIP: 22535WAN7<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    280000 | PA      | $290252.63    | 0.08%             | 2036-01-09      | Variable      | 5.86%                 | Yes           |                  2 | On Loan: No      |
| BAE Systems plc                                    | BAE Systems plc                                                      | CUSIP: 05523RAJ6<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    670000 | PA      | $686740.57    | 0.20%             | 2029-03-26      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| H&R Block, Inc.                                    | H&R Block, Inc.                                                      | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     42114 | NS      | $2311637.46   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                           | U.S. Treasury Notes                                                  | CUSIP: 91282CMU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6900000 | PA      | $6964148.47   | 2.02%             | 2030-03-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp.                                                | CUSIP: 06051GJZ3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    655000 | PA      | $613951.65    | 0.18%             | 2029-06-14      | Variable      | 2.09%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** NEW YORK LIFE INVESTMENTS VP FUNDS TRUST

**Signature:** Jack Benintende

**Name of Signer:** Jack Benintende

**Title:** Treasurer