# EDGAR Filing Document

**Accession Number:** 0000106444
**File Stem:** 0000106444-25-000121
**Filing Date:** 2025-9
**Character Count:** 71911
**Document Hash:** 3f4370e6245ee9e01578b3c10d3ced92
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000106444-25-000121.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0000106444-25-000121

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250925

**DATE AS OF CHANGE**: 20250925

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD FIXED INCOME SECURITIES FUNDS
- **CENTRAL INDEX KEY:** 0000106444

**ORGANIZATION NAME:**
- **EIN:** 231899003
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02368
- **FILM NUMBER:** 251343531

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482
- **BUSINESS PHONE:** 6106691000

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD FIXED INCOME SECURITIES FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTMINSTER BOND FUND INC
- **DATE OF NAME CHANGE:** 19800619

## Series and Classes Contracts Data

### Vanguard Long-Term Treasury Fund (Series ID: S000002589)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000007103 | Investor Shares | VUSTX           |
| C000007104 | Admiral Shares  | VUSUX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** VANGUARD FIXED INCOME SECURITIES FUNDS

- **b. Investment Company Act file number:** 811-02368

- **c. CIK number of Registrant:** 0000106444

- **d. LEI of Registrant:** 549300F3N7VQKU6I4K64

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

  - **Street Address 1:** 100 Vanguard Boulevard

  - **City:** Malvern

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19355

  - **Telephone number:** 610-669-1000

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

- **a. Name of Series:** VANGUARD LONG-TERM TREASURY FUND

- **b. EDGAR series identifier (if any):** S000002589

- **c. LEI of Series:** CX72FM3M58T4MKTZA209

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

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $3344652788.97

**Total Liabilities:** $449598406.60

**Net Assets:** $2895054382.37

**Delayed Delivery Securities:** $183978625.01

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -207.05112331 | **1-Year:** -3824.51571865 | **5-Year:** -37078.66295060 | **10-Year:** -61634.00734242 | **30-Year:** -8779.31748296

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007103 | -2.87%               | 2.57%                | -0.89%               |
| Class ID C000007104 | -2.86%               | 2.58%                | -0.88%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-18621655.91            | $-67778635.32                              |
| Month 2  | $-22133943.47            | $83148743.99                               |
| Month 3  | $-61370250.56            | $22763459.99                               |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Long Treasury Bond Index

- **Index Identifier:** I00050

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810QN1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  28200000 | PA      | $28270500.00  | 0.98%             | 2041-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810QK7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  35000000 | PA      | $31860937.50  | 1.10%             | 2040-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| N/A                                               | FSWP: OIS 3.950200 15-NOV-2052 SOF | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   1750000 | NC      | $-34315.13    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810SE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33161000 | PA      | $25897963.71  | 0.89%             | 2048-11-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                         | FNCL 2.5 8/25                      | CUSIP: 01F022683<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        | -30750000 | PA      | $-25181365.65 | -0.87%            | 2025-08-13      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                  | FR SB1496                          | CUSIP: 3132CXUV2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4000002 | PA      | $4010756.69   | 0.14%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                               | FSWP: OIS 3.804310 15-FEB-2035 SOF | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   4500000 | NC      | $1690.42      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | FSWP: OIS 4.043080 15-NOV-2052 SOF | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   1750000 | NC      | $-7762.67     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810RV2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  27998000 | PA      | $20769922.65  | 0.72%             | 2047-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  52533100 | PA      | $51632239.29  | 1.78%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810RM2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3805400 | PA      | $2879022.94   | 0.10%             | 2045-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810RC4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  31670000 | PA      | $26924448.44  | 0.93%             | 2043-08-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association             | FANNIE MAE                         | CUSIP: 3136F7NM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |  49591000 | PA      | $39749368.50  | 1.37%             | 2030-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN DE5603                          | CUSIP: 3140BJGM3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    750000 | PA      | $752016.53    | 0.03%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                               | FSWP: OIS 4.137360 15-NOV-2052 SOF | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    800000 | NC      | $-8772.58     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810TN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  59100000 | PA      | $47545488.43  | 1.64%             | 2053-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| N/A                                               | FWDP 10Y RTR 3.500000 01-OCT-2025  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   6800000 | NC      | $19781.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                  | FR QO3753                          | CUSIP: 3133WNE22<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1131713 | PA      | $1134756.24   | 0.04%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN BL9572                          | CUSIP: 3140J2T63<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1374878 | PA      | $988880.10    | 0.03%             | 2050-12-01      | Fixed         | 2.34%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810QU5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7950000 | PA      | $6421177.71   | 0.22%             | 2042-02-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| N/A                                               | FSWP: USD 3.66018 15-FEB-2035 SOF  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   9250000 | NC      | $102187.91    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810RY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  38230100 | PA      | $26904432.88  | 0.93%             | 2047-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN BS4704                          | CUSIP: 3140LFGN8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   8000000 | PA      | $6388612.80   | 0.22%             | 2037-03-01      | Fixed         | 2.61%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN DC6440                          | CUSIP: 3140AUEN9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    239994 | PA      | $240699.49    | 0.01%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN MA5745                          | CUSIP: 31418FL39<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3669282 | PA      | $3679148.06   | 0.13%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810SS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  76011600 | PA      | $39439925.30  | 1.36%             | 2050-11-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810SD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  35332700 | PA      | $25803912.47  | 0.89%             | 2048-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN AN9508                          | CUSIP: 3138LNR60<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5366000 | PA      | $4956480.83   | 0.17%             | 2039-10-01      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN BS3576                          | CUSIP: 3140LD6N4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   8009445 | PA      | $6282024.09   | 0.22%             | 2046-10-01      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810SX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  66920100 | PA      | $41806763.87  | 1.44%             | 2051-05-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810TH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  40780000 | PA      | $33363137.50  | 1.15%             | 2042-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810TT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  44900000 | PA      | $39519015.63  | 1.37%             | 2053-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810UB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  52850000 | PA      | $51239726.56  | 1.77%             | 2044-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                  | FR SB8351                          | CUSIP: 3132D6H45<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    104094 | PA      | $104373.52    | 0.00%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810TZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  40350000 | PA      | $38540554.69  | 1.33%             | 2044-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                               | SWP: IFS 2.594000 16-JUL-2035 USC  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   8300000 | NC      | $25748.19     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac Strips                                | FRE PRIN STRIP                     | CUSIP: 3134A4AB0<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |  68687000 | PA      | $54173986.40  | 1.87%             | 2031-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810QY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12200000 | PA      | $9184789.03   | 0.32%             | 2042-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| N/A                                               | US 10yr Ultra Fut Sep25            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |      -290 | NC      | $-42741.03    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac Pool                                  | FR WA3285                          | CUSIP: 3132WW2T8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5903367 | PA      | $5282909.46   | 0.18%             | 2039-05-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| United States Treasury Strip Coupon               | STRIPS                             | CUSIP: 912834AE8<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  20000000 | PA      | $10871093.80  | 0.38%             | 2038-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810QS0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10100000 | PA      | $8951125.00   | 0.31%             | 2041-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                  | FR WA3416                          | CUSIP: 3132WXAS9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4373390 | PA      | $3242396.20   | 0.11%             | 2039-05-01      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| N/A                                               | SWP: IFS 2.590000 18-JUL-2035 USC  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   8300000 | NC      | $22530.11     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810RN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22963100 | PA      | $16957711.09  | 0.59%             | 2045-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810RH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  24848600 | PA      | $19357641.85  | 0.67%             | 2044-08-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                  | FR RR0017                          | CUSIP: 3142JCAT7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5242075 | PA      | $5256169.37   | 0.18%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN AN5005                          | CUSIP: 3138LHR30<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1941284 | PA      | $1716341.71   | 0.06%             | 2047-04-01      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN BS4593                          | CUSIP: 3140LFC77<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3043855 | PA      | $2306168.08   | 0.08%             | 2042-01-01      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810RX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11323500 | PA      | $8379832.30   | 0.29%             | 2047-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810TD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  69000000 | PA      | $41505117.36  | 1.43%             | 2052-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Strip Coupon               | STRIPS                             | CUSIP: 912834JH2<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  20000000 | PA      | $9371875.00   | 0.32%             | 2040-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN BS4188                          | CUSIP: 3140LEUN5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6859438 | PA      | $5277750.02   | 0.18%             | 2041-12-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| N/A                                               | FSWP: USD 3.835000 19-SEP-2035 SOF | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   1240000 | NC      | $698.57       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810UD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  27300000 | PA      | $24715031.25  | 0.85%             | 2044-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810RG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26900000 | PA      | $21855199.29  | 0.75%             | 2044-05-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                  | FR SB8371                          | CUSIP: 3132D6JQ4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1529046 | PA      | $1533156.76   | 0.05%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN BL8889                          | CUSIP: 3140J12X5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1859692 | PA      | $1378984.04   | 0.05%             | 2040-10-01      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810SC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  34700000 | PA      | $25993824.13  | 0.90%             | 2048-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN MA5558                          | CUSIP: 31418FE86<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3868288 | PA      | $3878688.30   | 0.13%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810SJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14800000 | PA      | $9152296.91   | 0.32%             | 2049-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| N/A                                               | FSWP: OIS 4.199520 15-NOV-2052 SOF | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    800000 | NC      | $-16896.13    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae Pool                                   | FN MA5711                          | CUSIP: 31418FKZ9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    242441 | PA      | $243092.45    | 0.01%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810RS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26810000 | PA      | $18297825.00  | 0.63%             | 2046-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810SK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  31600000 | PA      | $20051187.50  | 0.69%             | 2049-11-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810SH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  27761300 | PA      | $19658470.56  | 0.68%             | 2049-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                  | FR QO3406                          | CUSIP: 3133WMYB2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2510144 | PA      | $2516893.14   | 0.09%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810RP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12100000 | PA      | $9106668.00   | 0.31%             | 2045-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                  | FR SB1497                          | CUSIP: 3132CXUW0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4997338 | PA      | $5010773.87   | 0.17%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810TK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  66600000 | PA      | $55275398.60  | 1.91%             | 2042-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810TB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  86400000 | PA      | $47300625.22  | 1.63%             | 2051-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                  | FR WA3424                          | CUSIP: 3132WXA26<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2771469 | PA      | $2444555.49   | 0.08%             | 2041-02-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| N/A                                               | FSWP: USD 3.845500 19-SEP-2035 SOF | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   1300000 | NC      | $1862.96      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac Pool                                  | FR SB8243                          | CUSIP: 3132D6EQ9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    480353 | PA      | $482845.51    | 0.02%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                  | FR SB8384                          | CUSIP: 3132D6J50<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    121689 | PA      | $122016.00    | 0.00%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810SA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  36100000 | PA      | $26495425.69  | 0.92%             | 2048-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810RT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  55400000 | PA      | $35852023.58  | 1.24%             | 2046-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                  | FR SB8378                          | CUSIP: 3132D6JX9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  19855829 | PA      | $19909215.74  | 0.69%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  43800000 | PA      | $42374789.17  | 1.46%             | 2044-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN BS3003                          | CUSIP: 3140LDKR9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2419204 | PA      | $1748546.18   | 0.06%             | 2051-09-01      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN AN6241                          | CUSIP: 3138LJ5B2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1500000 | PA      | $1326606.90   | 0.05%             | 2037-09-01      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| Resolution Funding Corp Principal Strip           | RFC PRIN STRIP                     | CUSIP: 76116FAB3<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |  19800000 | PA      | $16449048.00  | 0.57%             | 2030-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                  | FR WN0179                          | CUSIP: 3132XEFV8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  10000000 | PA      | $9193715.00   | 0.32%             | 2045-01-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                  | FR QO3458                          | CUSIP: 3133WMZX3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    407492 | PA      | $408587.88    | 0.01%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                  | FR WA3429                          | CUSIP: 3132WXA75<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3986838 | PA      | $3413793.50   | 0.12%             | 2042-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                         | FNCL 3 8/25                        | CUSIP: 01F030686<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  61500000 | PA      | $52618532.85  | 1.82%             | 2025-08-13      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                  | FR WA3506                          | CUSIP: 3132WXDL1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2374959 | PA      | $1786946.19   | 0.06%             | 2043-01-01      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                         | FNCL 5.5 8/25                      | CUSIP: 01F052680<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        | -28250000 | PA      | $-28094404.65 | -0.97%            | 2025-08-13      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                               | FSWP: OIS 3.809810 15-FEB-2035 SOF | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   4500000 | NC      | $3651.97      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  43690200 | PA      | $28753612.88  | 0.99%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                         | FNCL 3.5 8/25                      | CUSIP: 01F032682<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        | -30750000 | PA      | $-27469599.23 | -0.95%            | 2025-08-13      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  91100000 | PA      | $85459629.13  | 2.95%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810TJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  61100000 | PA      | $43431120.94  | 1.50%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN DC6105                          | CUSIP: 3140ATYB6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    831751 | PA      | $833987.75    | 0.03%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810TS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  36900000 | PA      | $32585871.19  | 1.13%             | 2043-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810SR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  43000000 | PA      | $26512187.50  | 0.92%             | 2040-05-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810TR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  52075000 | PA      | $41834939.19  | 1.45%             | 2053-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN MA5771                          | CUSIP: 31418FMV6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  17309605 | PA      | $17356145.63  | 0.60%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810UA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  77000000 | PA      | $73676367.38  | 2.54%             | 2054-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810QL5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  29000000 | PA      | $27510351.49  | 0.95%             | 2040-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810TQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  51500000 | PA      | $45579511.59  | 1.57%             | 2043-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810RD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  39056600 | PA      | $33704625.28  | 1.16%             | 2043-11-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN BS0069                          | CUSIP: 3140LACF0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1543513 | PA      | $1075296.88   | 0.04%             | 2050-12-01      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810SN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  54500000 | PA      | $25821503.77  | 0.89%             | 2050-05-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | Vanguard Market Liquidity Fund     | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |  39973597 | NS      | $39969599.24  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810ST6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  41100000 | PA      | $26015015.63  | 0.90%             | 2040-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| N/A                                               | FSWP: USD 3.844000 19-SEP-2035 SOF | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   1240000 | NC      | $1622.92      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  54000000 | PA      | $37439296.74  | 1.29%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN BL1969                          | CUSIP: 3140HTFK0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3387289 | PA      | $3175104.13   | 0.11%             | 2040-03-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810RU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13968700 | PA      | $10162229.25  | 0.35%             | 2046-11-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICS                                | FHR 5440 TZ                        | CUSIP: 3137HDZL7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3490167 | PA      | $1684083.57   | 0.06%             | 2051-11-25      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                               | FSWP: USD 3.726820 15-FEB-2035 SOF | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   9250000 | NC      | $53333.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | US 10YR NOTE (CBT)Sep25            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       110 | NC      | $48787.45     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810QQ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  49600000 | PA      | $47546250.00  | 1.64%             | 2041-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  65600000 | PA      | $62847874.67  | 2.17%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| N/A                                               | US 5YR NOTE (CBT) Sep25            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |     -1210 | NC      | $63277.90     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae REMICS                                 | FNR 2020-57 LJ                     | CUSIP: 3136BBCM2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  20000000 | PA      | $14156318.00  | 0.49%             | 2050-08-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp                   | FREDDIE MAC                        | CUSIP: 3128X75U4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |  14465000 | PA      | $7572514.29   | 0.26%             | 2038-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810TC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  38200000 | PA      | $26035687.50  | 0.90%             | 2041-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN DE2867                          | CUSIP: 3140BFFH3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     31014 | PA      | $31096.92     | 0.00%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN BL5565                          | CUSIP: 3140HXFF2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6429000 | PA      | $5092486.12   | 0.18%             | 2040-01-01      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds    | TSY INFL IX N/B                    | CUSIP: 91282CNS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |  14013961 | PA      | $13886411.89  | 0.48%             | 2035-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810TX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  77560000 | PA      | $69734316.99  | 2.41%             | 2054-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN BL2264                          | CUSIP: 3140HTQS1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   7393000 | PA      | $6390812.31   | 0.22%             | 2039-04-01      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810QT8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4300000 | PA      | $3485015.63   | 0.12%             | 2041-11-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810TW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  49900000 | PA      | $49254808.47  | 1.70%             | 2043-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810RB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17696300 | PA      | $13482368.56  | 0.47%             | 2043-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| N/A                                               | FSWP: OIS 3.806860 15-FEB-2035 SOF | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   4900000 | NC      | $-2830.97     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810SU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  60800000 | PA      | $33649000.00  | 1.16%             | 2051-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810TF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  46200000 | PA      | $33249562.50  | 1.15%             | 2042-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  29600000 | PA      | $20581250.00  | 0.71%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810TV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  74150000 | PA      | $72362869.33  | 2.50%             | 2053-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810TU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  46500000 | PA      | $43826250.00  | 1.51%             | 2043-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN BL8591                          | CUSIP: 3140J1RM2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2534828 | PA      | $1800069.39   | 0.06%             | 2050-10-01      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810QW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6800000 | PA      | $5367484.39   | 0.19%             | 2042-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN BS3483                          | CUSIP: 3140LD2R9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3340000 | PA      | $2321105.28   | 0.08%             | 2041-10-01      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                         | FNCL 5 8/25                        | CUSIP: 01F050684<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        | -71250000 | PA      | $-69337942.13 | -2.40%            | 2025-08-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810QX9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15500000 | PA      | $11721875.00  | 0.40%             | 2042-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                         | FNCI 5 8/25                        | CUSIP: 01F050486<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        | -63500000 | PA      | $-63668668.70 | -2.20%            | 2025-08-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810QZ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  37110600 | PA      | $29478283.33  | 1.02%             | 2043-02-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Strip Coupon               | STRIPS                             | CUSIP: 912834KH0<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  20000000 | PA      | $9108593.80   | 0.31%             | 2041-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                               | US ULTRA BOND CBT Sep25            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |      1604 | NC      | $1822681.07   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810SL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  73350000 | PA      | $42474234.38  | 1.47%             | 2050-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                  | FR RR0009                          | CUSIP: 3142JCAK6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3726317 | PA      | $3736336.26   | 0.13%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN BS4038                          | CUSIP: 3140LEPY7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  15442564 | PA      | $12076244.11  | 0.42%             | 2036-12-01      | Fixed         | 2.37%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Principal Strip                        | FNMA PRIN STP                      | CUSIP: 31358DCT9<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |  31000000 | PA      | $16468409.00  | 0.57%             | 2038-08-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION          | GNR 2025-4 LY                      | CUSIP: 38385CBS6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4778239 | PA      | $3719569.98   | 0.13%             | 2055-01-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810RQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18295000 | PA      | $12529216.41  | 0.43%             | 2046-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN AM8448                          | CUSIP: 3138L9L67<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4488576 | PA      | $3697971.59   | 0.13%             | 2045-05-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810SW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  66050400 | PA      | $45112939.05  | 1.56%             | 2041-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810SQ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33200000 | PA      | $20287015.71  | 0.70%             | 2040-08-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810RJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17551000 | PA      | $13350414.92  | 0.46%             | 2044-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN BS2133                          | CUSIP: 3140LCLP4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1185913 | PA      | $938039.65    | 0.03%             | 2037-10-01      | Fixed         | 2.43%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICS                                | FHR 5175 CV                        | CUSIP: 3137H4N48<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   7237834 | PA      | $5534700.73   | 0.19%             | 2041-03-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                               | FWDP 10Y RTP 3.900000 01-OCT-2025  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   6800000 | NC      | $56030.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | US 2YR NOTE (CBT) Sep25            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       201 | NC      | $-46832.97    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae Pool                                   | FN AN8089                          | CUSIP: 3138LL7B5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3315000 | PA      | $2790786.45   | 0.10%             | 2038-01-01      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN BS4843                          | CUSIP: 3140LFLZ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2347000 | PA      | $1869424.23   | 0.06%             | 2037-02-01      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| N/A                                               | US LONG BOND(CBT) Sep25            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       942 | NC      | $1630868.92   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | FWDP 10Y RTP 4.000000 25-SEP-2025  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   6900000 | NC      | $33756.18     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810TM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  34100000 | PA      | $30764593.75  | 1.06%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810SP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  75997500 | PA      | $36918160.55  | 1.28%             | 2050-08-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| N/A                                               | FWDP 10Y RTR 3.500000 25-SEP-2025  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   6900000 | NC      | $17481.84     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION          | GNR 2018-94 PZ                     | CUSIP: 38380XSM0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  12333548 | PA      | $10219361.95  | 0.35%             | 2048-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN BS3164                          | CUSIP: 3140LDQS1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    930343 | PA      | $671652.23    | 0.02%             | 2051-09-01      | Fixed         | 2.46%                 | No            |                  2 | On Loan: No      |
| N/A                                               | FSWP: OIS 3.827670 15-FEB-2035 SOF | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   4500000 | NC      | $10021.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  44600000 | PA      | $40108640.40  | 1.39%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION          | GNR 2023-19 MY                     | CUSIP: 38383V5N4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  10000000 | PA      | $8974159.00   | 0.31%             | 2049-09-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                         | FNCL 4 8/25                        | CUSIP: 01F040685<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  29250000 | PA      | $26972840.70  | 0.93%             | 2025-08-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810SF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  40600000 | PA      | $29523812.50  | 1.02%             | 2049-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                  | FR RR0002                          | CUSIP: 3142JCAC4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3749997 | PA      | $3760079.30   | 0.13%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN BS3204                          | CUSIP: 3140LDR27<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1245000 | PA      | $916966.40    | 0.03%             | 2039-10-01      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN BL2028                          | CUSIP: 3140HTHE2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2894578 | PA      | $2711859.39   | 0.09%             | 2040-04-01      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                   | FN MA5683                          | CUSIP: 31418FJ57<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1951566 | PA      | $1956812.69   | 0.07%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                  | FR WS4032                          | CUSIP: 3142GGPS7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5880639 | PA      | $5293448.95   | 0.18%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810SZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  95200000 | PA      | $54037156.49  | 1.87%             | 2051-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                         | FNCL 4 8/25                        | CUSIP: 01F040685<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        | -29250000 | PA      | $-26972840.70 | -0.93%            | 2025-08-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810RE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  35300000 | PA      | $29850562.50  | 1.03%             | 2044-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                  | US TREASURY N/B                    | CUSIP: 912810RZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25289800 | PA      | $17753242.09  | 0.61%             | 2047-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| N/A                                               | FSWP: OIS 4.089740 15-NOV-2052 SOF | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   2750000 | NC      | $8763.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae or Freddie Mac                         | FNCL 5 8/25                        | CUSIP: 01F050684<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  29250000 | PA      | $28465049.93  | 0.98%             | 2025-08-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-25

**Name of Applicant:** VANGUARD FIXED INCOME SECURITIES FUNDS

**Signature:** Ashley Grim

**Name of Signer:** Ashley Grim

**Title:** Treasurer