# EDGAR Filing Document

**Accession Number:** 0001221845
**File Stem:** 0000940400-26-007515
**Filing Date:** 2026-2
**Character Count:** 418861
**Document Hash:** 789863a2e174b8faf1aff1bb150c1b73
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-007515.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0000940400-26-007515

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK ALLOCATION TARGET SHARES
- **CENTRAL INDEX KEY:** 0001221845

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21457
- **FILM NUMBER:** 26675574

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK BOND ALLOCATION TARGET SHARES
- **DATE OF NAME CHANGE:** 20030306

## Series and Classes Contracts Data

### BATS: Corporate Credit Total Return Series (Series ID: S000001469)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000003891 | BATS: Corporate Credit Total Return Series | BRACX           |

## Nport-Ex

Schedule of Investments (unaudited)

December 31, 2025

**BATS: Corporate Credit Total Return Series**

**(Formerly BATS: Series C Portfolio)**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par* <br>*(000)*<br>| *Value* |
| **Corporate Bonds** | **Corporate Bonds** | **Corporate Bonds** | **Corporate Bonds** |
| **Aerospace & Defense — 2.7%** | **Aerospace & Defense — 2.7%** | **Aerospace & Defense — 2.7%** | **Aerospace & Defense — 2.7%** |
| Boeing Co. (The) |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 05/01/30 | USD  | 223 | $229135 |
| &nbsp;&nbsp;&nbsp; 3.63%, 02/01/31 |  | 2950 | 2833747 |
| &nbsp;&nbsp;&nbsp; 3.38%, 06/15/46 |  | 274 | 193782 |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/01/48 |  | 1843 | 1315905 |
| &nbsp;&nbsp;&nbsp; 3.85%, 11/01/48 |  | 1279 | 943309 |
| &nbsp;&nbsp;&nbsp; 5.81%, 05/01/50 |  | 140 | 137703 |
| &nbsp;&nbsp;&nbsp; 3.95%, 08/01/59 |  | 1295 | 916442 |
| Embraer Netherlands Finance BV |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.98%, 02/11/35 |  | 34 | 36003 |
| &nbsp;&nbsp;&nbsp; 5.40%, 01/09/38 |  | 2063 | 2033086 |
| General Electric Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.30%, 07/29/30 |  | 560 | 564759 |
| &nbsp;&nbsp;&nbsp; 4.90%, 01/29/36 |  | 230 | 233512 |
| L3Harris Technologies, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/01/31 |  | 90 | 93637 |
| &nbsp;&nbsp;&nbsp; 5.40%, 07/31/33 |  | 328 | 341627 |
| Lockheed Martin Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/35 |  | 777 | 791394 |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/15/36 |  | 92 | 90177 |
| &nbsp;&nbsp;&nbsp; 3.80%, 03/01/45 |  | 242 | 194076 |
| Northrop Grumman Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.03%, 10/15/47 |  | 152 | 122094 |
| &nbsp;&nbsp;&nbsp; 5.20%, 06/01/54 |  | 280 | 261750 |
| RTX Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.15%, 05/15/45 |  | 246 | 205314 |
| &nbsp;&nbsp;&nbsp; 2.82%, 09/01/51 |  | 949 | 591851 |
| Textron, Inc., 4.95%, 03/15/36 |  | 740 | 734556 |
|  |  |  | 12863859 |
| **Air Freight & Logistics — 0.2%** | **Air Freight & Logistics — 0.2%** | **Air Freight & Logistics — 0.2%** | **Air Freight & Logistics — 0.2%** |
| FedEx Corp., 5.25%, 05/15/50 |  | 367 | 338136 |
| United Parcel Service, Inc., 5.95%, 05/14/55 |  | 711 | 733909 |
|  |  |  | 1072045 |
| **Automobile Components — 0.6%** | **Automobile Components — 0.6%** | **Automobile Components — 0.6%** | **Automobile Components — 0.6%** |
| Aptiv Swiss Holdings Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.35%, 03/15/29 |  | 269 | 270228 |
| &nbsp;&nbsp;&nbsp; 4.65%, 09/13/29 |  | 536 | 546024 |
| &nbsp;&nbsp;&nbsp; 3.25%, 03/01/32 |  | 607 | 567200 |
| &nbsp;&nbsp;&nbsp; 5.15%, 09/13/34 |  | 553 | 558034 |
| &nbsp;&nbsp;&nbsp; 4.40%, 10/01/46 |  | 148 | 119987 |
| &nbsp;&nbsp;&nbsp; 3.10%, 12/01/51 |  | 943 | 605693 |
|  |  |  | 2667166 |
| **Automobiles — 1.0%** | **Automobiles — 1.0%** | **Automobiles — 1.0%** | **Automobiles — 1.0%** |
| Daimler Truck Finance North America LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.65%, 04/07/27<sup>(a)</sup> |  | 791 | 787078 |
| &nbsp;&nbsp;&nbsp; 4.30%, 08/12/27<sup>(a)</sup> |  | 215 | 215927 |
| &nbsp;&nbsp;&nbsp; 5.13%, 09/25/27<sup>(a)</sup> |  | 227 | 230638 |
| Ford Holdings LLC, 9.30%, 03/01/30 |  | 350 | 396684 |
| Ford Motor Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.45%, 07/16/31 |  | 346 | 382504 |
| &nbsp;&nbsp;&nbsp; 3.25%, 02/12/32 |  | 535 | 471425 |
| General Motors Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/15/30 |  | 1711 | 1782732 |
| &nbsp;&nbsp;&nbsp; 5.40%, 04/01/48 |  | 780 | 708338 |
|  |  |  | 4975326 |
| **Banks — 14.2%** | **Banks — 14.2%** | **Banks — 14.2%** | **Banks — 14.2%** |
| AIB Group PLC, 5.32%, 05/15/31<sup>(a)</sup> |  | 835 | 861675 |
| Associated Banc-Corp, 6.46%, 08/29/30 |  | 1470 | 1526052 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Bank of America Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.93%, 09/15/27 | USD  | 1452 | $1470721 |
| &nbsp;&nbsp;&nbsp; 3.82%, 01/20/28 |  | 306 | 305266 |
| &nbsp;&nbsp;&nbsp; 3.59%, 07/21/28 |  | 340 | 337657 |
| &nbsp;&nbsp;&nbsp; 4.62%, 05/09/29 |  | 1746 | 1769162 |
| &nbsp;&nbsp;&nbsp; 5.46%, 05/09/36 |  | 1098 | 1143042 |
| &nbsp;&nbsp;&nbsp; 4.08%, 03/20/51 |  | 1768 | 1416591 |
| &nbsp;&nbsp;&nbsp; 2.83%, 10/24/51 |  | 829 | 527656 |
| &nbsp;&nbsp;&nbsp; 2.97%, 07/21/52 |  | 138 | 90422 |
| Barclays PLC, 4.84%, 09/10/28 |  | 1335 | 1350662 |
| BNP Paribas SA, 4.79%, 05/09/29<sup>(a)</sup> |  | 1726 | 1745170 |
| CaixaBank SA, 4.63%, 07/03/29<sup>(a)</sup> |  | 1297 | 1309898 |
| Citigroup, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.64%, 05/07/28 |  | 1721 | 1734970 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/11/31 |  | 1258 | 1261893 |
| &nbsp;&nbsp;&nbsp; 6.17%, 05/25/34 |  | 607 | 644625 |
| &nbsp;&nbsp;&nbsp; 6.02%, 01/24/36 |  | 464 | 485989 |
| Credit Agricole SA |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 01/26/27<sup>(a)</sup> |  | 1096 | 1093700 |
| &nbsp;&nbsp;&nbsp; 5.22%, 05/27/31<sup>(a)</sup> |  | 2457 | 2522399 |
| Fifth Third Bank N.A., 4.97%, 01/28/28 |  | 625 | 630883 |
| FNB Corp., 5.72%, 12/11/30 |  | 912 | 930728 |
| HSBC Holdings PLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.29%, 11/19/30 |  | 200 | 206356 |
| &nbsp;&nbsp;&nbsp; 5.24%, 05/13/31 |  | 200 | 206055 |
| &nbsp;&nbsp;&nbsp; 4.62%, 11/06/31 |  | 3563 | 3573987 |
| HSBC U.S.A., Inc., 4.65%, 06/03/28 |  | 2124 | 2155990 |
| Huntington National Bank (The), 4.87%, 04/12/28 |  | 1080 | 1088912 |
| JPMorgan Chase & Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.92%, 01/24/29 |  | 650 | 662084 |
| &nbsp;&nbsp;&nbsp; 5.57%, 04/22/36 |  | 6343 | 6654815 |
| KeyBank N.A. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.90%, 04/13/29 |  | 557 | 546592 |
| &nbsp;&nbsp;&nbsp; 4.90%, 08/08/32 |  | 453 | 452055 |
| KeyCorp, 6.40%, 03/06/35 |  | 3456 | 3753891 |
| Lloyds Banking Group PLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.43%, 11/04/31 |  | 3237 | 3226902 |
| &nbsp;&nbsp;&nbsp; 6.07%, 06/13/36 |  | 740 | 778113 |
| M&T Bank Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.18%, 07/08/31 |  | 312 | 320307 |
| &nbsp;&nbsp;&nbsp; 6.08%, 03/13/32 |  | 104 | 110476 |
| &nbsp;&nbsp;&nbsp; 5.39%, 01/16/36 |  | 983 | 998878 |
| Macquarie Bank Ltd., 4.33%, 06/12/28<sup>(a)</sup> |  | 1272 | 1284795 |
| Morgan Stanley Private Bank N.A. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.47%, 07/06/28 |  | 1180 | 1187949 |
| &nbsp;&nbsp;&nbsp; (SOFR + 0.78%), 4.58%, 11/17/28<sup>(b)</sup> |  | 1430 | 1433152 |
| &nbsp;&nbsp;&nbsp; 4.73%, 07/18/31 |  | 431 | 436904 |
| PNC Bank N.A., 4.43%, 07/21/28 |  | 2201 | 2215722 |
| PNC Financial Services Group, Inc. (The) |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 10/20/34 |  | 226 | 255748 |
| &nbsp;&nbsp;&nbsp; 5.68%, 01/22/35 |  | 93 | 98034 |
| &nbsp;&nbsp;&nbsp; 5.40%, 07/23/35 |  | 333 | 344439 |
| &nbsp;&nbsp;&nbsp; 5.37%, 07/21/36 |  | 535 | 550239 |
| Santander UK Group Holdings PLC, 5.69%, 04/15/31 |  | 1378 | 1436658 |
| Societe Generale SA, 5.25%, 05/22/29<sup>(a)</sup> |  | 1702 | 1736260 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc., 5.80%, <br> 07/08/46<br>|  | 706 | 715299 |
| Toronto-Dominion Bank (The), 4.57%, 06/02/28 |  | 1275 | 1291167 |
| Truist Bank |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.42%, 07/24/28 |  | 985 | 990642 |
| &nbsp;&nbsp;&nbsp; 4.14%, 10/23/29 |  | 1417 | 1415919 |

---

------

Schedule of Investments (unaudited) (continued)

December 31, 2025

**BATS: Corporate Credit Total Return Series**

**(Formerly BATS: Series C Portfolio)**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Wells Fargo & Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.08%, 09/15/29 | USD  | 1370 | $1368900 |
| &nbsp;&nbsp;&nbsp; 5.24%, 01/24/31 |  | 724 | 749716 |
| &nbsp;&nbsp;&nbsp; 5.15%, 04/23/31 |  | 2262 | 2334844 |
| &nbsp;&nbsp;&nbsp; 4.40%, 06/14/46 |  | 341 | 284913 |
| &nbsp;&nbsp;&nbsp; 4.61%, 04/25/53 |  | 1096 | 943113 |
|  |  |  | 68968987 |
| **Beverages — 0.5%** | **Beverages — 0.5%** | **Beverages — 0.5%** | **Beverages — 0.5%** |
| &nbsp;&nbsp;&nbsp; Anheuser-Busch Cos. LLC/Anheuser-Busch InBev <br> Worldwide, Inc., 4.90%, 02/01/46<br>|  | 327 | 302439 |
| Anheuser-Busch InBev Finance, Inc., 4.63%, 02/01/44 |  | 120 | 107822 |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/23/29 |  | 1470 | 1499637 |
| &nbsp;&nbsp;&nbsp; 5.55%, 01/23/49 |  | 418 | 417085 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/15/58 |  | 356 | 309948 |
|  |  |  | 2636931 |
| **Biotechnology — 1.0%** | **Biotechnology — 1.0%** | **Biotechnology — 1.0%** | **Biotechnology — 1.0%** |
| AbbVie, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.05%, 11/21/39 |  | 266 | 237449 |
| &nbsp;&nbsp;&nbsp; 4.40%, 11/06/42 |  | 138 | 122751 |
| &nbsp;&nbsp;&nbsp; 5.35%, 03/15/44 |  | 97 | 95857 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/15/45 |  | 96 | 87405 |
| &nbsp;&nbsp;&nbsp; 4.70%, 05/14/45 |  | 130 | 117563 |
| &nbsp;&nbsp;&nbsp; 4.45%, 05/14/46 |  | 310 | 269447 |
| &nbsp;&nbsp;&nbsp; 5.40%, 03/15/54 |  | 688 | 668855 |
| &nbsp;&nbsp;&nbsp; 5.60%, 03/15/55 |  | 94 | 94169 |
| Amgen, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.56%, 06/15/48 |  | 131 | 112056 |
| &nbsp;&nbsp;&nbsp; 4.66%, 06/15/51 |  | 1517 | 1297933 |
| &nbsp;&nbsp;&nbsp; 4.20%, 02/22/52 |  | 1352 | 1072505 |
| &nbsp;&nbsp;&nbsp; 2.77%, 09/01/53 |  | 349 | 207071 |
| Gilead Sciences, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.15%, 03/01/47 |  | 126 | 104642 |
| &nbsp;&nbsp;&nbsp; 2.80%, 10/01/50 |  | 286 | 181009 |
|  |  |  | 4668712 |
| **Broadline Retail — 1.1%** | **Broadline Retail — 1.1%** | **Broadline Retail — 1.1%** | **Broadline Retail — 1.1%** |
| Amazon.com, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.10%, 11/20/30 |  | 3175 | 3178462 |
| &nbsp;&nbsp;&nbsp; 4.65%, 11/20/35 |  | 1520 | 1513853 |
| &nbsp;&nbsp;&nbsp; 5.45%, 11/20/55 |  | 680 | 663696 |
|  |  |  | 5356011 |
| **Capital Markets — 5.8%** | **Capital Markets — 5.8%** | **Capital Markets — 5.8%** | **Capital Markets — 5.8%** |
| Ares Capital Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 06/15/28 |  | 382 | 365077 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/01/29 |  | 568 | 582672 |
| &nbsp;&nbsp;&nbsp; 5.80%, 03/08/32 |  | 533 | 538236 |
| Ares Strategic Income Fund, 5.70%, 03/15/28 |  | 85 | 86115 |
| Blue Owl Capital Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.95%, 03/15/29 |  | 1379 | 1391658 |
| &nbsp;&nbsp;&nbsp; 6.20%, 07/15/30 |  | 696 | 704744 |
| Deutsche Bank AG |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.31%, 11/16/27 |  | 244 | 240044 |
| &nbsp;&nbsp;&nbsp; 2.55%, 01/07/28 |  | 581 | 571385 |
| &nbsp;&nbsp;&nbsp; 5.71%, 02/08/28 |  | 254 | 257986 |
| &nbsp;&nbsp;&nbsp; 5.37%, 01/10/29 |  | 1251 | 1276609 |
| &nbsp;&nbsp;&nbsp; 5.30%, 05/09/31 |  | 200 | 204913 |
| &nbsp;&nbsp;&nbsp; 4.95%, 08/04/31 |  | 585 | 590914 |
| &nbsp;&nbsp;&nbsp; 4.47%, 12/10/31 |  | 1015 | 1011544 |
| &nbsp;&nbsp;&nbsp; 3.74%, 01/07/33 |  | 200 | 185771 |
| FS KKR Capital Corp., 6.13%, 01/15/31 |  | 1068 | 1042005 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Capital Markets (continued)** | **Capital Markets (continued)** | **Capital Markets (continued)** | **Capital Markets (continued)** |
| Goldman Sachs Group, Inc. (The) |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.05%, 07/23/30 | USD  | 1802 | $1846354 |
| &nbsp;&nbsp;&nbsp; 5.22%, 04/23/31 |  | 2764 | 2854790 |
| &nbsp;&nbsp;&nbsp; 4.37%, 10/21/31 |  | 674 | 672394 |
| &nbsp;&nbsp;&nbsp; 2.38%, 07/21/32 |  | 163 | 145985 |
| &nbsp;&nbsp;&nbsp; 3.10%, 02/24/33 |  | 1515 | 1395657 |
| Intercontinental Exchange, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/15/31 |  | 287 | 300484 |
| &nbsp;&nbsp;&nbsp; 1.85%, 09/15/32 |  | 168 | 142945 |
| &nbsp;&nbsp;&nbsp; 4.25%, 09/21/48 |  | 104 | 86607 |
| &nbsp;&nbsp;&nbsp; 3.00%, 06/15/50 |  | 271 | 177422 |
| Morgan Stanley |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 10/18/30 |  | 1644 | 1663888 |
| &nbsp;&nbsp;&nbsp; 5.19%, 04/17/31 |  | 2049 | 2112666 |
| &nbsp;&nbsp;&nbsp; 1.79%, 02/13/32 |  | 916 | 804478 |
| &nbsp;&nbsp;&nbsp; Series I, 4.36%, 10/22/31 |  | 4285 | 4270933 |
| UBS Group AG |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 09/23/31<sup>(a)</sup> |  | 1090 | 1084698 |
| &nbsp;&nbsp;&nbsp; 3.09%, 05/14/32<sup>(a)</sup> |  | 1350 | 1252493 |
| &nbsp;&nbsp;&nbsp; 5.58%, 05/09/36<sup>(a)</sup> |  | 208 | 216288 |
| &nbsp;&nbsp;&nbsp; 5.01%, 03/23/37<sup>(a)</sup> |  | 286 | 283477 |
|  |  |  | 28361232 |
| **Chemicals — 0.8%** | **Chemicals — 0.8%** | **Chemicals — 0.8%** | **Chemicals — 0.8%** |
| Dow Chemical Co. (The) |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.60%, 11/15/50 |  | 524 | 337938 |
| &nbsp;&nbsp;&nbsp; 5.95%, 03/15/55 |  | 99 | 90068 |
| DuPont de Nemours, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.73%, 11/15/28<sup>(a)</sup> |  | 1344 | 1361011 |
| &nbsp;&nbsp;&nbsp; 5.32%, 11/15/38 |  | 610 | 611277 |
| &nbsp;&nbsp;&nbsp; 5.42%, 11/15/48 |  | 18 | 17117 |
| LYB International Finance III LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 01/15/31 |  | 705 | 707616 |
| &nbsp;&nbsp;&nbsp; 6.15%, 05/15/35 |  | 518 | 530790 |
| Nutrien Ltd., 4.00%, 12/15/26 |  | 289 | 288890 |
|  |  |  | 3944707 |
| **Commercial Services & Supplies — 0.0%** | **Commercial Services & Supplies — 0.0%** | **Commercial Services & Supplies — 0.0%** | **Commercial Services & Supplies — 0.0%** |
| &nbsp;&nbsp;&nbsp; President & Fellows of Harvard College, 3.62%, <br> 10/01/37<br>|  | 43 | 38382 |
| **Communications Equipment — 0.7%** | **Communications Equipment — 0.7%** | **Communications Equipment — 0.7%** | **Communications Equipment — 0.7%** |
| Motorola Solutions, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 08/15/32 |  | 1902 | 1961056 |
| &nbsp;&nbsp;&nbsp; 5.40%, 04/15/34 |  | 1309 | 1351726 |
| &nbsp;&nbsp;&nbsp; 5.55%, 08/15/35 |  | 87 | 90411 |
|  |  |  | 3403193 |
| **Construction Materials — 0.1%** | **Construction Materials — 0.1%** | **Construction Materials — 0.1%** | **Construction Materials — 0.1%** |
| CRH America Finance, Inc., 4.50%, 04/04/48<sup>(a)</sup> |  | 306 | 260646 |
| **Consumer Finance — 3.4%** | **Consumer Finance — 3.4%** | **Consumer Finance — 3.4%** | **Consumer Finance — 3.4%** |
| Ally Financial, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 11/01/31 |  | 561 | 636506 |
| &nbsp;&nbsp;&nbsp; 5.55%, 07/31/33 |  | 1590 | 1601640 |
| American Express Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.92%, 07/20/33 |  | 377 | 383671 |
| &nbsp;&nbsp;&nbsp; 5.44%, 01/30/36 |  | 403 | 418584 |
| &nbsp;&nbsp;&nbsp; 5.67%, 04/25/36 |  | 104 | 109810 |
| Capital One Financial Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/26/30 |  | 451 | 465186 |
| &nbsp;&nbsp;&nbsp; 4.49%, 09/11/31 |  | 2025 | 2022030 |
| &nbsp;&nbsp;&nbsp; 6.18%, 01/30/36 |  | 390 | 407114 |
| &nbsp;&nbsp;&nbsp; 5.20%, 09/11/36 |  | 659 | 655676 |

---

------

Schedule of Investments (unaudited) (continued)

December 31, 2025

**BATS: Corporate Credit Total Return Series**

**(Formerly BATS: Series C Portfolio)**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Consumer Finance (continued)** | **Consumer Finance (continued)** | **Consumer Finance (continued)** | **Consumer Finance (continued)** |
| Ford Motor Credit Co. LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.70%, 08/10/26 | USD  | 200 | $198060 |
| &nbsp;&nbsp;&nbsp; 4.95%, 05/28/27 |  | 418 | 419518 |
| &nbsp;&nbsp;&nbsp; 5.11%, 05/03/29 |  | 1950 | 1953010 |
| &nbsp;&nbsp;&nbsp; 5.73%, 09/05/30 |  | 912 | 926042 |
| &nbsp;&nbsp;&nbsp; 6.05%, 03/05/31 |  | 1710 | 1758322 |
| &nbsp;&nbsp;&nbsp; 5.87%, 10/31/35 |  | 269 | 265659 |
| General Motors Financial Co., Inc., 1.50%, 06/10/26 |  | 962 | 951118 |
| Hyundai Capital America, 4.88%, 06/23/27<sup>(a)</sup> |  | 790 | 798495 |
| Synchrony Financial |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.02%, 07/29/29 |  | 174 | 176190 |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/02/33 |  | 807 | 866888 |
| Toyota Motor Credit Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.05%, 09/05/28 |  | 200 | 201003 |
| &nbsp;&nbsp;&nbsp; 4.65%, 01/05/29 |  | 192 | 195491 |
| &nbsp;&nbsp;&nbsp; 5.05%, 05/16/29 |  | 175 | 180513 |
| &nbsp;&nbsp;&nbsp; 4.80%, 05/15/30 |  | 508 | 521241 |
| &nbsp;&nbsp;&nbsp; 4.60%, 10/10/31 |  | 227 | 230408 |
|  |  |  | 16342175 |
| **Containers & Packaging — 1.1%** | **Containers & Packaging — 1.1%** | **Containers & Packaging — 1.1%** | **Containers & Packaging — 1.1%** |
| Amcor Flexibles North America, Inc., 5.50%, 03/17/35 |  | 1162 | 1200271 |
| Berry Global, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.57%, 01/15/26 |  | 1819 | 1817178 |
| &nbsp;&nbsp;&nbsp; 5.80%, 06/15/31 |  | 1993 | 2103917 |
|  |  |  | 5121366 |
| **Diversified Consumer Services — 0.2%** | **Diversified Consumer Services — 0.2%** | **Diversified Consumer Services — 0.2%** | **Diversified Consumer Services — 0.2%** |
| United Rentals North America, Inc., 6.00%, 12/15/29<sup>(a)</sup> |  | 759 | 779768 |
| **Diversified REITs — 1.6%** | **Diversified REITs — 1.6%** | **Diversified REITs — 1.6%** | **Diversified REITs — 1.6%** |
| American Tower Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/31/30 |  | 334 | 342000 |
| &nbsp;&nbsp;&nbsp; 4.90%, 03/15/30 |  | 602 | 614842 |
| &nbsp;&nbsp;&nbsp; 1.88%, 10/15/30 |  | 279 | 249217 |
| &nbsp;&nbsp;&nbsp; 4.05%, 03/15/32 |  | 97 | 94415 |
| &nbsp;&nbsp;&nbsp; 5.90%, 11/15/33 |  | 1056 | 1127901 |
| &nbsp;&nbsp;&nbsp; 5.40%, 01/31/35 |  | 355 | 365423 |
| Crown Castle, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.05%, 07/15/26 |  | 1911 | 1879396 |
| &nbsp;&nbsp;&nbsp; 2.90%, 03/15/27 |  | 701 | 690902 |
| &nbsp;&nbsp;&nbsp; 3.65%, 09/01/27 |  | 301 | 298605 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/11/28 |  | 604 | 613438 |
| GLP Capital LP/GLP Financing II, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.30%, 01/15/29 |  | 410 | 417136 |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/15/54 |  | 371 | 368919 |
| Prologis LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/31 |  | 247 | 252487 |
| &nbsp;&nbsp;&nbsp; 1.63%, 03/15/31 |  | 106 | 92748 |
| VICI Properties LP, 5.13%, 11/15/31 |  | 363 | 367730 |
|  |  |  | 7775159 |
| **Diversified Telecommunication Services — 1.1%** | **Diversified Telecommunication Services — 1.1%** | **Diversified Telecommunication Services — 1.1%** | **Diversified Telecommunication Services — 1.1%** |
| AT&T Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 09/15/53 |  | 104 | 69599 |
| &nbsp;&nbsp;&nbsp; 6.05%, 08/15/56 |  | 355 | 357086 |
| NTT Finance Corp., 4.62%, 07/16/28<sup>(a)</sup> |  | 735 | 744776 |
| Sprint Capital Corp., 6.88%, 11/15/28 |  | 2377 | 2550828 |
| Verizon Communications, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/33 |  | 675 | 674471 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/36 |  | 560 | 555246 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/30/55 |  | 205 | 202540 |
|  |  |  | 5154546 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Electric Utilities — 7.5%** | **Electric Utilities — 7.5%** | **Electric Utilities — 7.5%** | **Electric Utilities — 7.5%** |
| AEP Transmission Co. LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 04/01/34 | USD  | 141 | $143748 |
| &nbsp;&nbsp;&nbsp; 5.38%, 06/15/35 |  | 107 | 110357 |
| &nbsp;&nbsp;&nbsp; 3.75%, 12/01/47 |  | 155 | 118639 |
| &nbsp;&nbsp;&nbsp; Series N, 2.75%, 08/15/51 |  | 310 | 190851 |
| AES Corp. (The) |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.38%, 01/15/26 |  | 118 | 117863 |
| &nbsp;&nbsp;&nbsp; 5.45%, 06/01/28 |  | 117 | 119652 |
| &nbsp;&nbsp;&nbsp; 2.45%, 01/15/31 |  | 1481 | 1342732 |
| Alabama Power Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.45%, 10/01/49 |  | 244 | 173533 |
| &nbsp;&nbsp;&nbsp; Series B, 3.70%, 12/01/47 |  | 605 | 461753 |
| Arizona Public Service Co., 5.70%, 08/15/34 |  | 683 | 717990 |
| Baltimore Gas & Electric Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 08/15/47 |  | 386 | 294599 |
| &nbsp;&nbsp;&nbsp; 4.25%, 09/15/48 |  | 384 | 313420 |
| &nbsp;&nbsp;&nbsp; 3.20%, 09/15/49 |  | 358 | 241901 |
| &nbsp;&nbsp;&nbsp; 2.90%, 06/15/50 |  | 182 | 116416 |
| Berkshire Hathaway Energy Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.80%, 07/15/48 |  | 144 | 109056 |
| &nbsp;&nbsp;&nbsp; 2.85%, 05/15/51 |  | 342 | 212150 |
| Constellation Energy Generation LLC, 5.75%, 03/15/54 |  | 147 | 145862 |
| Dominion Energy, Inc., 4.60%, 05/15/28 |  | 775 | 784045 |
| DTE Electric Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 06/01/46 |  | 112 | 86016 |
| &nbsp;&nbsp;&nbsp; 3.95%, 03/01/49 |  | 176 | 138195 |
| &nbsp;&nbsp;&nbsp; 5.85%, 05/15/55 |  | 85 | 87233 |
| Duke Energy Carolinas LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 11/15/28 |  | 1367 | 1370404 |
| &nbsp;&nbsp;&nbsp; 2.45%, 08/15/29 |  | 227 | 214890 |
| &nbsp;&nbsp;&nbsp; 2.45%, 02/01/30 |  | 424 | 397612 |
| &nbsp;&nbsp;&nbsp; 4.85%, 03/15/30 |  | 355 | 365485 |
| &nbsp;&nbsp;&nbsp; 3.70%, 12/01/47 |  | 184 | 138916 |
| &nbsp;&nbsp;&nbsp; 3.45%, 04/15/51 |  | 117 | 82979 |
| &nbsp;&nbsp;&nbsp; 3.55%, 03/15/52 |  | 124 | 89087 |
| Duke Energy Florida LLC, 4.20%, 07/15/48 |  | 252 | 204804 |
| Duke Energy Indiana LLC, 5.90%, 05/15/55 |  | 290 | 295339 |
| &nbsp;&nbsp;&nbsp; Duke Energy Kentucky, Inc., 5.90%, 09/15/35 (Acquired <br> 08/11/25, cost $1,620,000)<sup>(c)(d)</sup><br>|  | 1620 | 1660500 |
| Duke Energy Progress LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.45%, 03/15/29 |  | 1636 | 1610346 |
| &nbsp;&nbsp;&nbsp; 4.20%, 08/15/45 |  | 122 | 101197 |
| &nbsp;&nbsp;&nbsp; 3.70%, 10/15/46 |  | 250 | 190537 |
| Enel Americas SA, 4.00%, 10/25/26 |  | 232 | 231084 |
| Enel Finance International NV, 4.63%, 06/15/27<sup>(a)</sup> |  | 701 | 705799 |
| FirstEnergy Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 3.90%, 07/15/27 |  | 674 | 671311 |
| &nbsp;&nbsp;&nbsp; Series C, 4.85%, 07/15/47 |  | 210 | 184871 |
| &nbsp;&nbsp;&nbsp; Series C, 3.40%, 03/01/50 |  | 1196 | 824907 |
| FirstEnergy Transmission LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/35 |  | 822 | 823630 |
| &nbsp;&nbsp;&nbsp; 4.55%, 04/01/49<sup>(a)</sup> |  | 175 | 148650 |
| &nbsp;&nbsp;&nbsp; 4.55%, 04/01/49<sup>(e)</sup> |  | 158 | 134210 |
| Florida Power & Light Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.95%, 02/01/38 |  | 161 | 174788 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/01/41 |  | 112 | 112641 |
| &nbsp;&nbsp;&nbsp; 4.05%, 10/01/44 |  | 205 | 170757 |
| &nbsp;&nbsp;&nbsp; 4.13%, 06/01/48 |  | 106 | 86380 |
| &nbsp;&nbsp;&nbsp; 3.99%, 03/01/49 |  | 125 | 99218 |
| &nbsp;&nbsp;&nbsp; 3.15%, 10/01/49 |  | 126 | 86291 |
| Georgia Power Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.85%, 03/15/31 |  | 257 | 263680 |

---

------

Schedule of Investments (unaudited) (continued)

December 31, 2025

**BATS: Corporate Credit Total Return Series**

**(Formerly BATS: Series C Portfolio)**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** |
| Georgia Power Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.70%, 05/15/32 | USD  | 514 | $520994 |
| Interstate Power & Light Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.70%, 10/15/33 |  | 111 | 116455 |
| &nbsp;&nbsp;&nbsp; 4.95%, 09/30/34 |  | 173 | 172232 |
| &nbsp;&nbsp;&nbsp; 5.60%, 06/29/35 |  | 223 | 232079 |
| MidAmerican Energy Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/01/46 |  | 107 | 89360 |
| &nbsp;&nbsp;&nbsp; 3.95%, 08/01/47 |  | 308 | 243809 |
| &nbsp;&nbsp;&nbsp; 3.15%, 04/15/50 |  | 429 | 290441 |
| &nbsp;&nbsp;&nbsp; 2.70%, 08/01/52 |  | 143 | 87388 |
| NextEra Energy Capital Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.90%, 06/15/28 |  | 619 | 589856 |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/15/30 |  | 114 | 117607 |
| &nbsp;&nbsp;&nbsp; 2.25%, 06/01/30 |  | 225 | 206920 |
| Northern States Power Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.60%, 09/15/47 |  | 124 | 93389 |
| &nbsp;&nbsp;&nbsp; 2.60%, 06/01/51 |  | 301 | 183829 |
| NRG Energy, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.45%, 12/02/27<sup>(a)</sup> |  | 425 | 410707 |
| &nbsp;&nbsp;&nbsp; 4.45%, 06/15/29<sup>(a)</sup> |  | 360 | 358411 |
| Ohio Power Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.15%, 04/01/48 |  | 628 | 495894 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/01/49 |  | 270 | 207446 |
| &nbsp;&nbsp;&nbsp; Series D, 6.60%, 03/01/33 |  | 194 | 212906 |
| Pacific Gas & Electric Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.30%, 08/01/40 |  | 189 | 143064 |
| &nbsp;&nbsp;&nbsp; 4.60%, 06/15/43 |  | 114 | 95138 |
| &nbsp;&nbsp;&nbsp; 4.25%, 03/15/46 |  | 405 | 317030 |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/01/46 |  | 670 | 501832 |
| &nbsp;&nbsp;&nbsp; 3.95%, 12/01/47 |  | 406 | 302262 |
| &nbsp;&nbsp;&nbsp; 4.95%, 07/01/50 |  | 177 | 149606 |
| &nbsp;&nbsp;&nbsp; 3.50%, 08/01/50 |  | 336 | 226565 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/01/52 |  | 1859 | 1620859 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/53 |  | 319 | 339265 |
| &nbsp;&nbsp;&nbsp; 6.70%, 04/01/53 |  | 131 | 138234 |
| &nbsp;&nbsp;&nbsp; 5.90%, 10/01/54 |  | 142 | 136094 |
| &nbsp;&nbsp;&nbsp; 6.15%, 03/01/55 |  | 541 | 535197 |
| PacifiCorp |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.10%, 02/15/29 |  | 129 | 131640 |
| &nbsp;&nbsp;&nbsp; 2.70%, 09/15/30 |  | 153 | 140536 |
| PECO Energy Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.95%, 10/01/36 |  | 80 | 86491 |
| &nbsp;&nbsp;&nbsp; 2.85%, 09/15/51 |  | 144 | 89756 |
| &nbsp;&nbsp;&nbsp; 4.38%, 08/15/52 |  | 311 | 256180 |
| Pinnacle West Capital Corp., 5.15%, 05/15/30 |  | 1063 | 1095328 |
| PPL Capital Funding, Inc., 5.25%, 09/01/34 |  | 644 | 659519 |
| Public Service Co. of Colorado |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 03/15/43 |  | 145 | 116617 |
| &nbsp;&nbsp;&nbsp; Series 17, 6.25%, 09/01/37 |  | 85 | 92744 |
| &nbsp;&nbsp;&nbsp; Series 39, 4.50%, 06/01/52 |  | 197 | 164110 |
| Public Service Electric & Gas Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.70%, 12/01/36 |  | 94 | 99369 |
| &nbsp;&nbsp;&nbsp; 3.20%, 08/01/49 |  | 199 | 136331 |
| &nbsp;&nbsp;&nbsp; 2.05%, 08/01/50 |  | 171 | 92326 |
| &nbsp;&nbsp;&nbsp; 3.00%, 03/01/51 |  | 135 | 88384 |
| Southern California Edison Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 09/06/26 |  | 735 | 736180 |
| &nbsp;&nbsp;&nbsp; Series 20A, 2.95%, 02/01/51 |  | 683 | 416149 |
| &nbsp;&nbsp;&nbsp; Series E, 5.45%, 06/01/52 |  | 165 | 148230 |
| &nbsp;&nbsp;&nbsp; Series H, 3.65%, 06/01/51 |  | 207 | 141238 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** |
| Southern Co. (The) |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 06/15/33 | USD  | 116 | $119182 |
| &nbsp;&nbsp;&nbsp; 4.25%, 07/01/36 |  | 142 | 133079 |
| System Energy Resources, Inc., 5.30%, 12/15/34 |  | 290 | 293125 |
| &nbsp;&nbsp;&nbsp; Trans-Allegheny Interstate Line Co., 5.00%, <br> 01/15/31<sup>(a)</sup><br>|  | 1101 | 1131017 |
| Vistra Operations Co. LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.95%, 10/15/33<sup>(a)</sup> |  | 525 | 585027 |
| &nbsp;&nbsp;&nbsp; 5.70%, 12/30/34<sup>(a)</sup> |  | 2834 | 2925147 |
| Wisconsin Electric Power Co., 5.05%, 10/01/54 |  | 181 | 166504 |
|  |  |  | 36645402 |
| **Electrical Equipment — 0.1%** | **Electrical Equipment — 0.1%** | **Electrical Equipment — 0.1%** | **Electrical Equipment — 0.1%** |
| Otis Worldwide Corp., 5.25%, 08/16/28 |  | 433 | 446212 |
| **Electronic Equipment, Instruments & Components — 0.2%** | **Electronic Equipment, Instruments & Components — 0.2%** | **Electronic Equipment, Instruments & Components — 0.2%** | **Electronic Equipment, Instruments & Components — 0.2%** |
| Amphenol Corp., 4.35%, 06/01/29 |  | 817 | 824913 |
| **Financial Services — 1.9%** | **Financial Services — 1.9%** | **Financial Services — 1.9%** | **Financial Services — 1.9%** |
| &nbsp;&nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global Aviation <br> Trust, 5.00%, 11/15/35<br>|  | 580 | 573066 |
| &nbsp;&nbsp;&nbsp; Andiron Financing LLC, (1-mo. CME Term SOFR + <br> 3.00%), 7.31%, 01/21/30<sup>(b)(c)</sup><br>|  | 80 | 80000 |
| &nbsp;&nbsp;&nbsp; AT&T Reign II Multi-Property Lease-Backed Pass-<br> Through Trust, 6.09%, 12/15/44<sup>(a)</sup><br>|  | 1935 | 1954307 |
| Aviation Capital Group LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.95%, 09/20/26<sup>(a)</sup> |  | 101 | 99353 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/14/27<sup>(a)</sup> |  | 503 | 505683 |
| &nbsp;&nbsp;&nbsp; 4.80%, 10/24/30<sup>(a)</sup> |  | 2563 | 2563969 |
| Glencore Funding LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.70%, 05/08/33<sup>(a)</sup> |  | 1030 | 1084570 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/06/33<sup>(a)</sup> |  | 186 | 205426 |
| &nbsp;&nbsp;&nbsp; 5.67%, 04/01/35<sup>(a)</sup> |  | 424 | 442684 |
| Nasdaq, Inc., 5.55%, 02/15/34 |  | 336 | 352847 |
| Nationwide Building Society, 4.65%, 07/14/29<sup>(a)</sup> |  | 1315 | 1327490 |
|  |  |  | 9189395 |
| **Food Products — 0.5%** | **Food Products — 0.5%** | **Food Products — 0.5%** | **Food Products — 0.5%** |
| &nbsp;&nbsp;&nbsp; JBS U.S.A. Holding Lux S.a.r.l./JBS U.S.A. Foods <br> Group Holdings, Inc./JBS U.S.A. Food Co., 6.25%, <br> 03/01/56<sup>(a)</sup><br>|  | 563 | 560344 |
| Kraft Heinz Foods Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 07/15/45 |  | 98 | 89867 |
| &nbsp;&nbsp;&nbsp; 4.38%, 06/01/46 |  | 809 | 668331 |
| &nbsp;&nbsp;&nbsp; 4.88%, 10/01/49 |  | 422 | 363067 |
| Mars, Inc., 3.95%, 04/01/49<sup>(a)</sup> |  | 1102 | 869282 |
|  |  |  | 2550891 |
| **Gas Utilities — 0.1%** | **Gas Utilities — 0.1%** | **Gas Utilities — 0.1%** | **Gas Utilities — 0.1%** |
| Atmos Energy Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.85%, 02/15/52 |  | 173 | 107178 |
| &nbsp;&nbsp;&nbsp; 5.75%, 10/15/52 |  | 115 | 116195 |
| &nbsp;&nbsp;&nbsp; 5.45%, 01/15/56 |  | 94 | 90939 |
|  |  |  | 314312 |
| **Ground Transportation — 1.7%** | **Ground Transportation — 1.7%** | **Ground Transportation — 1.7%** | **Ground Transportation — 1.7%** |
| Burlington Northern Santa Fe LLC, 5.80%, 03/15/56 |  | 726 | 741235 |
| CSX Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.10%, 11/15/32 |  | 497 | 487712 |
| &nbsp;&nbsp;&nbsp; 3.95%, 05/01/50 |  | 113 | 87757 |
| &nbsp;&nbsp;&nbsp; 2.50%, 05/15/51 |  | 368 | 217540 |
| Norfolk Southern Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.10%, 05/01/35 |  | 323 | 329903 |
| &nbsp;&nbsp;&nbsp; 2.90%, 08/25/51 |  | 142 | 89207 |
| &nbsp;&nbsp;&nbsp; 4.55%, 06/01/53 |  | 1024 | 862862 |
| &nbsp;&nbsp;&nbsp; 3.16%, 05/15/55 |  | 337 | 216705 |

---

------

Schedule of Investments (unaudited) (continued)

December 31, 2025

**BATS: Corporate Credit Total Return Series**

**(Formerly BATS: Series C Portfolio)**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Ground Transportation (continued)** | **Ground Transportation (continued)** | **Ground Transportation (continued)** | **Ground Transportation (continued)** |
| Penske Truck Leasing Co. LP/PTL Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.35%, 01/12/27<sup>(a)</sup> | USD  | 387 | $391416 |
| &nbsp;&nbsp;&nbsp; 4.20%, 04/01/27<sup>(a)</sup> |  | 1020 | 1020088 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/15/27<sup>(a)</sup> |  | 601 | 618793 |
| &nbsp;&nbsp;&nbsp; 6.05%, 08/01/28<sup>(a)</sup> |  | 1308 | 1362779 |
| Ryder System, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.85%, 03/01/27 |  | 565 | 557656 |
| &nbsp;&nbsp;&nbsp; 5.30%, 03/15/27 |  | 94 | 95345 |
| &nbsp;&nbsp;&nbsp; 4.30%, 06/15/27 |  | 246 | 246915 |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/01/28 |  | 681 | 699066 |
| Uber Technologies, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.80%, 09/15/34 |  | 163 | 162953 |
| &nbsp;&nbsp;&nbsp; 4.80%, 09/15/35 |  | 119 | 118372 |
|  |  |  | 8306304 |
| **Health Care Equipment & Supplies — 0.4%** | **Health Care Equipment & Supplies — 0.4%** | **Health Care Equipment & Supplies — 0.4%** | **Health Care Equipment & Supplies — 0.4%** |
| Baxter International, Inc., 2.54%, 02/01/32 |  | 665 | 579490 |
| Becton Dickinson & Co., 2.82%, 05/20/30 |  | 709 | 668286 |
| Solventum Corp., 5.40%, 03/01/29 |  | 474 | 490912 |
|  |  |  | 1738688 |
| **Health Care Providers & Services — 3.5%** | **Health Care Providers & Services — 3.5%** | **Health Care Providers & Services — 3.5%** | **Health Care Providers & Services — 3.5%** |
| Aetna, Inc., 3.88%, 08/15/47 |  | 354 | 265063 |
| Banner Health |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.91%, 01/01/42 |  | 212 | 156157 |
| &nbsp;&nbsp;&nbsp; Series 2020, 3.18%, 01/01/50 |  | 116 | 79035 |
| Centene Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 12/15/27 |  | 2485 | 2470369 |
| &nbsp;&nbsp;&nbsp; 3.38%, 02/15/30 |  | 3136 | 2885855 |
| &nbsp;&nbsp;&nbsp; 3.00%, 10/15/30 |  | 215 | 192326 |
| CommonSpirit Health, 3.91%, 10/01/50 |  | 292 | 218085 |
| Elevance Health, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/36 |  | 1806 | 1795090 |
| &nbsp;&nbsp;&nbsp; 5.85%, 01/15/36 |  | 229 | 242275 |
| &nbsp;&nbsp;&nbsp; 4.55%, 03/01/48 |  | 174 | 147978 |
| &nbsp;&nbsp;&nbsp; 5.65%, 06/15/54 |  | 390 | 379297 |
| HCA, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 07/15/51 |  | 2528 | 1713487 |
| &nbsp;&nbsp;&nbsp; 5.95%, 09/15/54 |  | 93 | 91874 |
| Hoag Memorial Hospital Presbyterian, 3.80%, 07/15/52 |  | 138 | 104523 |
| Humana, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.55%, 05/01/35 |  | 778 | 794300 |
| &nbsp;&nbsp;&nbsp; 4.63%, 12/01/42 |  | 103 | 88626 |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/15/47 |  | 139 | 117888 |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/15/54 |  | 354 | 333015 |
| Memorial Health Services, 3.45%, 11/01/49 |  | 191 | 135621 |
| &nbsp;&nbsp;&nbsp; Mount Nittany Medical Center Obligated Group, <br> Series 2022, 3.80%, 11/15/52<br>|  | 140 | 104123 |
| Nationwide Children's Hospital, Inc., 4.56%, 11/01/52 |  | 151 | 130026 |
| Sutter Health |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, 4.09%, 08/15/48 |  | 223 | 181437 |
| &nbsp;&nbsp;&nbsp; Series 20A, 2.29%, 08/15/30 |  | 398 | 366018 |
| UnitedHealth Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 08/15/39 |  | 123 | 102418 |
| &nbsp;&nbsp;&nbsp; 5.70%, 10/15/40 |  | 167 | 173085 |
| &nbsp;&nbsp;&nbsp; 5.95%, 02/15/41 |  | 97 | 101991 |
| &nbsp;&nbsp;&nbsp; 4.25%, 03/15/43 |  | 140 | 120046 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/15/44 |  | 89 | 88339 |
| &nbsp;&nbsp;&nbsp; 4.75%, 07/15/45 |  | 109 | 98063 |
| &nbsp;&nbsp;&nbsp; 4.20%, 01/15/47 |  | 973 | 798020 |
| &nbsp;&nbsp;&nbsp; 4.25%, 04/15/47 |  | 356 | 293606 |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/15/48 |  | 250 | 204580 |
| &nbsp;&nbsp;&nbsp; 3.25%, 05/15/51 |  | 1267 | 855142 |
| &nbsp;&nbsp;&nbsp; 5.88%, 02/15/53 |  | 178 | 179485 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** |
| UnitedHealth Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.05%, 04/15/53 | USD  | 325 | $293142 |
| &nbsp;&nbsp;&nbsp; 5.38%, 04/15/54 |  | 188 | 177387 |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/15/59 |  | 218 | 156479 |
| &nbsp;&nbsp;&nbsp; 3.13%, 05/15/60 |  | 292 | 176225 |
|  |  |  | 16810476 |
| **Health Care REITs — 1.0%** | **Health Care REITs — 1.0%** | **Health Care REITs — 1.0%** | **Health Care REITs — 1.0%** |
| DOC DR LLC, 2.63%, 11/01/31 |  | 349 | 313774 |
| Healthpeak OP LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 01/15/30 |  | 90 | 85272 |
| &nbsp;&nbsp;&nbsp; 2.88%, 01/15/31 |  | 187 | 173250 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/33 |  | 101 | 100450 |
| Ventas Realty LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/01/34 |  | 212 | 221514 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/35 |  | 1102 | 1103350 |
| Welltower OP LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.05%, 01/15/29 |  | 93 | 87660 |
| &nbsp;&nbsp;&nbsp; 4.13%, 03/15/29 |  | 87 | 87151 |
| &nbsp;&nbsp;&nbsp; 4.50%, 07/01/30 |  | 1835 | 1855454 |
| &nbsp;&nbsp;&nbsp; 2.75%, 01/15/32 |  | 754 | 685941 |
|  |  |  | 4713816 |
| **Independent Power and Renewable Electricity Producers — 0.4%** | **Independent Power and Renewable Electricity Producers — 0.4%** | **Independent Power and Renewable Electricity Producers — 0.4%** | **Independent Power and Renewable Electricity Producers — 0.4%** |
| Algonquin Power & Utilities Corp., 5.37%, 06/15/26<sup>(f)</sup> |  | 1715 | 1723089 |
| **Industrial Conglomerates — 0.8%** | **Industrial Conglomerates — 0.8%** | **Industrial Conglomerates — 0.8%** | **Industrial Conglomerates — 0.8%** |
| 3M Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 03/15/35 |  | 1299 | 1327705 |
| &nbsp;&nbsp;&nbsp; 3.63%, 10/15/47 |  | 201 | 149623 |
| &nbsp;&nbsp;&nbsp; 3.25%, 08/26/49 |  | 608 | 418043 |
| &nbsp;&nbsp;&nbsp; 3.70%, 04/15/50 |  | 529 | 388005 |
| Honeywell International, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.70%, 02/01/30 |  | 728 | 743999 |
| &nbsp;&nbsp;&nbsp; 4.95%, 09/01/31 |  | 727 | 751360 |
|  |  |  | 3778735 |
| **Insurance — 0.8%** | **Insurance — 0.8%** | **Insurance — 0.8%** | **Insurance — 0.8%** |
| AEGON Funding Co. LLC, 5.50%, 04/16/27<sup>(a)</sup> |  | 1807 | 1835515 |
| Aon Corp., 6.25%, 09/30/40 |  | 178 | 194175 |
| Aon Global Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.60%, 06/14/44 |  | 98 | 85681 |
| &nbsp;&nbsp;&nbsp; 4.75%, 05/15/45 |  | 129 | 114615 |
| Athene Holding Ltd., 6.63%, 05/19/55 |  | 614 | 625347 |
| Marsh & McLennan Cos., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 03/15/30 |  | 178 | 181568 |
| &nbsp;&nbsp;&nbsp; 2.25%, 11/15/30 |  | 159 | 145181 |
| &nbsp;&nbsp;&nbsp; 4.35%, 01/30/47 |  | 101 | 85607 |
| &nbsp;&nbsp;&nbsp; 4.20%, 03/01/48 |  | 110 | 90484 |
| &nbsp;&nbsp;&nbsp; 4.90%, 03/15/49 |  | 215 | 194454 |
| &nbsp;&nbsp;&nbsp; 2.90%, 12/15/51 |  | 146 | 92423 |
| &nbsp;&nbsp;&nbsp; Swiss RE Subordinated Finance PLC, 6.19%, <br> 04/01/46<sup>(a)</sup><br>|  | 400 | 412875 |
|  |  |  | 4057925 |
| **Interactive Media & Services — 0.6%** | **Interactive Media & Services — 0.6%** | **Interactive Media & Services — 0.6%** | **Interactive Media & Services — 0.6%** |
| Alphabet, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 11/15/32 |  | 585 | 586985 |
| &nbsp;&nbsp;&nbsp; 5.45%, 11/15/55 |  | 425 | 416911 |
| Netflix, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/15/30<sup>(a)</sup> |  | 1972 | 2021746 |
| &nbsp;&nbsp;&nbsp; 5.40%, 08/15/54 |  | 94 | 91092 |
|  |  |  | 3116734 |
| **IT Services — 4.2%** | **IT Services — 4.2%** | **IT Services — 4.2%** | **IT Services — 4.2%** |
| Beignet Investor LLC, 6.58%, 05/30/49<sup>(a)</sup> |  | 10209 | 10785759 |

---

------

Schedule of Investments (unaudited) (continued)

December 31, 2025

**BATS: Corporate Credit Total Return Series**

**(Formerly BATS: Series C Portfolio)**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **IT Services (continued)** | **IT Services (continued)** | **IT Services (continued)** | **IT Services (continued)** |
| Dell International LLC/EMC Corp., 4.75%, 10/06/32 | USD  | 969 | $967727 |
| Fidelity National Information Services, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.10%, 03/01/41 |  | 535 | 396748 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/15/46 |  | 59 | 49019 |
| Fiserv, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 07/01/29 |  | 94 | 91157 |
| &nbsp;&nbsp;&nbsp; 5.35%, 03/15/31 |  | 206 | 211378 |
| &nbsp;&nbsp;&nbsp; 5.25%, 08/11/35 |  | 695 | 693444 |
| Foundry JV Holdco LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/25/35<sup>(a)</sup> |  | 621 | 658503 |
| &nbsp;&nbsp;&nbsp; 6.10%, 01/25/36<sup>(a)</sup> |  | 1961 | 2050101 |
| &nbsp;&nbsp;&nbsp; 6.20%, 01/25/37<sup>(a)</sup> |  | 233 | 244837 |
| Global Payments, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.20%, 03/01/26 |  | 304 | 302581 |
| &nbsp;&nbsp;&nbsp; 4.80%, 04/01/26 |  | 1125 | 1125226 |
| &nbsp;&nbsp;&nbsp; 3.20%, 08/15/29 |  | 255 | 243153 |
| &nbsp;&nbsp;&nbsp; 2.90%, 05/15/30 |  | 93 | 86271 |
| &nbsp;&nbsp;&nbsp; 4.88%, 11/15/30 |  | 2290 | 2292553 |
|  |  |  | 20198457 |
| **Machinery — 0.0%** | **Machinery — 0.0%** | **Machinery — 0.0%** | **Machinery — 0.0%** |
| Ingersoll Rand, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.31%, 06/15/31 |  | 113 | 118103 |
| &nbsp;&nbsp;&nbsp; 5.70%, 08/14/33 |  | 88 | 93236 |
|  |  |  | 211339 |
| **Media — 2.0%** | **Media — 2.0%** | **Media — 2.0%** | **Media — 2.0%** |
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/01/42 |  | 92 | 63824 |
| &nbsp;&nbsp;&nbsp; 5.13%, 07/01/49 |  | 86 | 67299 |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/01/50 |  | 179 | 134465 |
| &nbsp;&nbsp;&nbsp; 4.40%, 12/01/61 |  | 2020 | 1321135 |
| &nbsp;&nbsp;&nbsp; 3.95%, 06/30/62 |  | 6028 | 3627212 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/01/63 |  | 171 | 134740 |
| Comcast Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.60%, 08/15/45 |  | 621 | 527405 |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/15/47 |  | 792 | 598182 |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/01/49 |  | 259 | 190982 |
| &nbsp;&nbsp;&nbsp; 2.80%, 01/15/51 |  | 977 | 565987 |
| &nbsp;&nbsp;&nbsp; 2.89%, 11/01/51 |  | 290 | 169590 |
| &nbsp;&nbsp;&nbsp; 2.45%, 08/15/52 |  | 767 | 406731 |
| &nbsp;&nbsp;&nbsp; 2.94%, 11/01/56 |  | 1367 | 768083 |
| Paramount Global |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 10/04/26 |  | 177 | 174029 |
| &nbsp;&nbsp;&nbsp; 2.90%, 01/15/27 |  | 92 | 90504 |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/15/43 |  | 116 | 80685 |
| &nbsp;&nbsp;&nbsp; 5.85%, 09/01/43 |  | 209 | 172074 |
| &nbsp;&nbsp;&nbsp; 4.90%, 08/15/44 |  | 112 | 80375 |
| Warnermedia Holdings, Inc., 3.76%, 03/15/27 |  | 693 | 688337 |
|  |  |  | 9861639 |
| **Metals & Mining — 0.7%** | **Metals & Mining — 0.7%** | **Metals & Mining — 0.7%** | **Metals & Mining — 0.7%** |
| Freeport-McMoRan, Inc., 5.40%, 11/14/34 |  | 1013 | 1044450 |
| Glencore Canada Corp., 6.20%, 06/15/35 |  | 148 | 157320 |
| Rio Tinto Finance U.S.A. PLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/14/35 |  | 251 | 258639 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/14/65 |  | 285 | 294353 |
| Southern Copper Corp., 5.25%, 11/08/42 |  | 200 | 190948 |
| Steel Dynamics, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 10/15/50 |  | 647 | 443338 |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/15/55 |  | 242 | 240941 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Metals & Mining (continued)** | **Metals & Mining (continued)** | **Metals & Mining (continued)** | **Metals & Mining (continued)** |
| Vale Overseas Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 07/08/30 | USD  | 346 | $332292 |
| &nbsp;&nbsp;&nbsp; 6.40%, 06/28/54 |  | 563 | 574542 |
|  |  |  | 3536823 |
| **Multi-Utilities — 0.5%** | **Multi-Utilities — 0.5%** | **Multi-Utilities — 0.5%** | **Multi-Utilities — 0.5%** |
| CenterPoint Energy Houston Electric LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; Series AE, 2.35%, 04/01/31 |  | 328 | 297091 |
| &nbsp;&nbsp;&nbsp; Series AG, 3.00%, 03/01/32 |  | 138 | 126670 |
| &nbsp;&nbsp;&nbsp; Series AQ, 4.95%, 08/15/35 |  | 149 | 150061 |
| CenterPoint Energy Resources Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/01/28 |  | 108 | 110677 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/01/28 |  | 144 | 143793 |
| CMS Energy Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 02/15/27 |  | 259 | 255505 |
| &nbsp;&nbsp;&nbsp; 4.70%, 03/31/43 |  | 101 | 88041 |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/01/44 |  | 95 | 84873 |
| Consumers Energy Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 08/15/46 |  | 125 | 90333 |
| &nbsp;&nbsp;&nbsp; 3.95%, 07/15/47 |  | 234 | 186678 |
| &nbsp;&nbsp;&nbsp; 3.10%, 08/15/50 |  | 244 | 162937 |
| NiSource, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.95%, 06/15/41 |  | 141 | 145662 |
| &nbsp;&nbsp;&nbsp; 5.80%, 02/01/42 |  | 238 | 239413 |
| &nbsp;&nbsp;&nbsp; 4.80%, 02/15/44 |  | 99 | 89071 |
| &nbsp;&nbsp;&nbsp; 5.65%, 02/01/45 |  | 177 | 175773 |
| &nbsp;&nbsp;&nbsp; 3.95%, 03/30/48 |  | 113 | 88131 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/52 |  | 97 | 85809 |
| &nbsp;&nbsp;&nbsp; 5.85%, 04/01/55 |  | 89 | 88720 |
|  |  |  | 2609238 |
| **Oil, Gas & Consumable Fuels — 8.2%** | **Oil, Gas & Consumable Fuels — 8.2%** | **Oil, Gas & Consumable Fuels — 8.2%** | **Oil, Gas & Consumable Fuels — 8.2%** |
| Cameron LNG LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.30%, 01/15/35<sup>(a)</sup> |  | 408 | 356844 |
| &nbsp;&nbsp;&nbsp; 3.40%, 01/15/38<sup>(a)</sup> |  | 161 | 139761 |
| &nbsp;&nbsp;&nbsp; Cheniere Corpus Christi Holdings LLC, 3.70%, <br> 11/15/29<br>|  | 693 | 676771 |
| Cheniere Energy Partners LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/01/31 |  | 1309 | 1274651 |
| &nbsp;&nbsp;&nbsp; 5.95%, 06/30/33 |  | 591 | 626680 |
| &nbsp;&nbsp;&nbsp; 5.75%, 08/15/34 |  | 291 | 303838 |
| &nbsp;&nbsp;&nbsp; 5.55%, 10/30/35<sup>(a)</sup> |  | 181 | 185050 |
| Cheniere Energy, Inc., 5.65%, 04/15/34 |  | 1852 | 1921228 |
| Coterra Energy, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.40%, 02/15/35 |  | 1355 | 1375317 |
| &nbsp;&nbsp;&nbsp; 5.90%, 02/15/55 |  | 275 | 264054 |
| DCP Midstream Operating LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 05/15/29 |  | 522 | 533948 |
| &nbsp;&nbsp;&nbsp; 3.25%, 02/15/32 |  | 849 | 780545 |
| Diamondback Energy, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 12/01/29 |  | 807 | 782854 |
| &nbsp;&nbsp;&nbsp; 3.13%, 03/24/31 |  | 1044 | 975526 |
| &nbsp;&nbsp;&nbsp; 4.25%, 03/15/52 |  | 567 | 440711 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/53 |  | 90 | 90859 |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/18/54 |  | 234 | 221139 |
| Eastern Energy Gas Holdings LLC, 5.65%, 10/15/54 |  | 101 | 97700 |
| Enbridge, Inc., Series 20-A, 5.75%, 07/15/80 |  | 2283 | 2304691 |
| Energy Transfer LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.95%, 10/01/43 |  | 92 | 90084 |
| &nbsp;&nbsp;&nbsp; 5.30%, 04/01/44 |  | 495 | 448964 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/44 |  | 289 | 250507 |
| &nbsp;&nbsp;&nbsp; 5.40%, 10/01/47 |  | 111 | 99749 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/15/48 |  | 90 | 87280 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/50 |  | 851 | 711987 |

---

------

Schedule of Investments (unaudited) (continued)

December 31, 2025

**BATS: Corporate Credit Total Return Series**

**(Formerly BATS: Series C Portfolio)**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** |
| Energy Transfer LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.20%, 04/01/55 | USD  | 690 | $676316 |
| &nbsp;&nbsp;&nbsp; Series 20Y, 5.80%, 06/15/38 |  | 174 | 177207 |
| EQT Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 05/15/26<sup>(a)</sup> |  | 1382 | 1374106 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/31 |  | 853 | 858599 |
| &nbsp;&nbsp;&nbsp; 3.63%, 05/15/31<sup>(a)</sup> |  | 614 | 577396 |
| &nbsp;&nbsp;&nbsp; 5.75%, 02/01/34 |  | 2217 | 2315978 |
| Expand Energy Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 02/01/29 |  | 5437 | 5437112 |
| &nbsp;&nbsp;&nbsp; 5.88%, 02/01/29<sup>(a)</sup> |  | 4576 | 4576323 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/29<sup>(a)</sup> |  | 900 | 905271 |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/15/30 |  | 3161 | 3203953 |
| Kinder Morgan Energy Partners LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/42 |  | 98 | 89800 |
| &nbsp;&nbsp;&nbsp; 4.70%, 11/01/42 |  | 272 | 240107 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/01/44 |  | 94 | 90051 |
| &nbsp;&nbsp;&nbsp; 5.40%, 09/01/44 |  | 126 | 119046 |
| Kinder Morgan, Inc., 3.25%, 08/01/50 |  | 615 | 406783 |
| Raizen Fuels Finance SA |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.70%, 02/25/37<sup>(a)</sup> |  | 834 | 675540 |
| &nbsp;&nbsp;&nbsp; 6.95%, 03/05/54<sup>(a)</sup> |  | 871 | 664138 |
| &nbsp;&nbsp;&nbsp; Repsol E&P Capital Markets U.S. LLC, 4.81%, <br> 09/16/28<sup>(a)</sup><br>|  | 425 | 428956 |
| Sabine Pass Liquefaction LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/27 |  | 87 | 87585 |
| &nbsp;&nbsp;&nbsp; 4.20%, 03/15/28 |  | 101 | 101099 |
| Targa Resources Corp., 4.95%, 04/15/52 |  | 457 | 390613 |
| &nbsp;&nbsp;&nbsp; Transcontinental Gas Pipe Line Co. LLC, 5.10%, <br> 03/15/36<sup>(a)</sup><br>|  | 525 | 528571 |
| Viper Energy Partners LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.90%, 08/01/30 |  | 447 | 452127 |
| &nbsp;&nbsp;&nbsp; 5.70%, 08/01/35 |  | 644 | 657221 |
|  |  |  | 40074636 |
| **Passenger Airlines — 0.6%** | **Passenger Airlines — 0.6%** | **Passenger Airlines — 0.6%** | **Passenger Airlines — 0.6%** |
| AS Mileage Plan IP Ltd., 5.31%, 10/20/31<sup>(a)</sup> |  | 1753 | 1768802 |
| &nbsp;&nbsp;&nbsp; United Airlines Pass-Through Trust, Series 2024-1, A, <br> 5.88%, 02/15/37<br>|  | 1239 | 1268957 |
|  |  |  | 3037759 |
| **Pharmaceuticals — 0.7%** | **Pharmaceuticals — 0.7%** | **Pharmaceuticals — 0.7%** | **Pharmaceuticals — 0.7%** |
| Eli Lilly & Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.05%, 08/14/54 |  | 100 | 93667 |
| &nbsp;&nbsp;&nbsp; 2.50%, 09/15/60 |  | 164 | 89089 |
| Merck & Co., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.45%, 12/04/32 |  | 300 | 300418 |
| &nbsp;&nbsp;&nbsp; 4.75%, 12/04/35 |  | 645 | 642589 |
| &nbsp;&nbsp;&nbsp; Pfizer Investment Enterprises Pte Ltd., 5.30%, <br> 05/19/53<br>|  | 271 | 256603 |
| Pfizer, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 11/15/35 |  | 645 | 646928 |
| &nbsp;&nbsp;&nbsp; 4.10%, 09/15/38 |  | 320 | 293666 |
| &nbsp;&nbsp;&nbsp; 3.90%, 03/15/39 |  | 740 | 653506 |
| &nbsp;&nbsp;&nbsp; 2.55%, 05/28/40 |  | 122 | 89561 |
| &nbsp;&nbsp;&nbsp; 4.30%, 06/15/43 |  | 355 | 309930 |
| &nbsp;&nbsp;&nbsp; 4.40%, 05/15/44 |  | 246 | 219063 |
|  |  |  | 3595020 |
| **Residential REITs — 0.3%** | **Residential REITs — 0.3%** | **Residential REITs — 0.3%** | **Residential REITs — 0.3%** |
| American Homes 4 Rent LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 02/01/34 |  | 148 | 152824 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/15/34 |  | 86 | 88841 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/15/35 |  | 557 | 564951 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Residential REITs (continued)** | **Residential REITs (continued)** | **Residential REITs (continued)** | **Residential REITs (continued)** |
| Invitation Homes Operating Partnership LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 08/15/31 | USD  | 134 | $117042 |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/15/33 |  | 109 | 110583 |
| &nbsp;&nbsp;&nbsp; 5.50%, 08/15/33 |  | 149 | 154276 |
| &nbsp;&nbsp;&nbsp; 2.70%, 01/15/34 |  | 102 | 87169 |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/01/35 |  | 331 | 326701 |
|  |  |  | 1602387 |
| **Retail REITs — 0.5%** | **Retail REITs — 0.5%** | **Retail REITs — 0.5%** | **Retail REITs — 0.5%** |
| Realty Income Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.85%, 12/15/32 |  | 203 | 182086 |
| &nbsp;&nbsp;&nbsp; 5.13%, 04/15/35 |  | 128 | 130198 |
| &nbsp;&nbsp;&nbsp; 4.65%, 03/15/47 |  | 93 | 82083 |
| Regency Centers LP, 5.10%, 01/15/35 |  | 85 | 86065 |
| Simon Property Group LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 10/01/30 |  | 943 | 949765 |
| &nbsp;&nbsp;&nbsp; 4.75%, 09/26/34 |  | 90 | 89510 |
| &nbsp;&nbsp;&nbsp; 5.13%, 10/01/35 |  | 837 | 849559 |
|  |  |  | 2369266 |
| **Semiconductors & Semiconductor Equipment — 2.0%** | **Semiconductors & Semiconductor Equipment — 2.0%** | **Semiconductors & Semiconductor Equipment — 2.0%** | **Semiconductors & Semiconductor Equipment — 2.0%** |
| Analog Devices, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.80%, 10/01/41 |  | 123 | 90721 |
| &nbsp;&nbsp;&nbsp; 5.30%, 12/15/45 |  | 110 | 107250 |
| &nbsp;&nbsp;&nbsp; AP Grange Holdings LLC, 6.50%, 03/20/45 (Acquired <br> 06/21/24, cost $738,000)<sup>(c)(d)</sup><br>|  | 738 | 788775 |
| Applied Materials, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 06/01/30 |  | 355 | 321129 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/15/31 |  | 187 | 186050 |
| &nbsp;&nbsp;&nbsp; 4.60%, 01/15/36 |  | 535 | 526830 |
| Broadcom, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.60%, 07/15/30 |  | 2707 | 2750396 |
| &nbsp;&nbsp;&nbsp; 5.15%, 11/15/31 |  | 1219 | 1264651 |
| &nbsp;&nbsp;&nbsp; 4.55%, 02/15/32 |  | 145 | 145404 |
| &nbsp;&nbsp;&nbsp; 4.80%, 10/15/34 |  | 212 | 212408 |
| &nbsp;&nbsp;&nbsp; 4.80%, 02/15/36 |  | 469 | 462784 |
| KLA Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/49 |  | 12 | 11047 |
| &nbsp;&nbsp;&nbsp; 3.30%, 03/01/50 |  | 71 | 49288 |
| &nbsp;&nbsp;&nbsp; 4.95%, 07/15/52 |  | 7 | 6352 |
| Lam Research Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/15/49 |  | 139 | 127114 |
| &nbsp;&nbsp;&nbsp; 2.88%, 06/15/50 |  | 131 | 84975 |
| Micron Technology, Inc., 6.05%, 11/01/35 |  | 393 | 419292 |
| NVIDIA Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 04/01/40 |  | 710 | 599927 |
| &nbsp;&nbsp;&nbsp; 3.50%, 04/01/50 |  | 380 | 281218 |
| QUALCOMM, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 05/20/35 |  | 91 | 91377 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/20/35 |  | 1164 | 1181955 |
|  |  |  | 9708943 |
| **Software — 1.9%** | **Software — 1.9%** | **Software — 1.9%** | **Software — 1.9%** |
| AppLovin Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 12/01/34 |  | 665 | 683255 |
| &nbsp;&nbsp;&nbsp; 5.95%, 12/01/54 |  | 951 | 941871 |
| Oracle Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.60%, 04/01/40 |  | 633 | 469457 |
| &nbsp;&nbsp;&nbsp; 4.13%, 05/15/45 |  | 208 | 149662 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/15/46 |  | 1663 | 1152776 |
| &nbsp;&nbsp;&nbsp; 6.00%, 08/03/55 |  | 372 | 328025 |
| &nbsp;&nbsp;&nbsp; 5.95%, 09/26/55 |  | 1320 | 1169539 |
| Roper Technologies, Inc., 4.25%, 09/15/28 |  | 535 | 536897 |

---

------

Schedule of Investments (unaudited) (continued)

December 31, 2025

**BATS: Corporate Credit Total Return Series**

**(Formerly BATS: Series C Portfolio)**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** | **Software (continued)** |
| &nbsp;&nbsp;&nbsp; Stripe, Inc., 5.04%, 09/26/30 (Acquired 09/26/25, cost <br> $1,600,000)<sup>(c)(d)</sup><br>| USD  | 1600 | $1602080 |
| Synopsys, Inc., 5.70%, 04/01/55 |  | 495 | 491035 |
| VMware LLC, 2.20%, 08/15/31 |  | 1897 | 1685588 |
|  |  |  | 9210185 |
| **Specialized REITs — 0.2%** | **Specialized REITs — 0.2%** | **Specialized REITs — 0.2%** | **Specialized REITs — 0.2%** |
| Extra Space Storage LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/15/33 |  | 668 | 675228 |
| &nbsp;&nbsp;&nbsp; 5.40%, 06/15/35 |  | 238 | 243985 |
|  |  |  | 919213 |
| **Specialty Retail — 0.2%** | **Specialty Retail — 0.2%** | **Specialty Retail — 0.2%** | **Specialty Retail — 0.2%** |
| Lowe's Cos., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.85%, 10/15/35 |  | 616 | 610975 |
| &nbsp;&nbsp;&nbsp; 4.25%, 04/01/52 |  | 630 | 496354 |
|  |  |  | 1107329 |
| **Technology Hardware, Storage & Peripherals — 0.0%** | **Technology Hardware, Storage & Peripherals — 0.0%** | **Technology Hardware, Storage & Peripherals — 0.0%** | **Technology Hardware, Storage & Peripherals — 0.0%** |
| Hewlett Packard Enterprise Co., 5.60%, 10/15/54 |  | 235 | 217727 |
| **Tobacco — 2.3%** | **Tobacco — 2.3%** | **Tobacco — 2.3%** | **Tobacco — 2.3%** |
| Altria Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 02/06/35 |  | 620 | 644606 |
| &nbsp;&nbsp;&nbsp; 3.40%, 02/04/41 |  | 1249 | 965776 |
| &nbsp;&nbsp;&nbsp; 3.88%, 09/16/46 |  | 155 | 116491 |
| &nbsp;&nbsp;&nbsp; 3.70%, 02/04/51 |  | 320 | 226128 |
| &nbsp;&nbsp;&nbsp; 6.20%, 02/14/59 |  | 89 | 88849 |
| BAT Capital Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.54%, 08/15/47 |  | 1113 | 923263 |
| &nbsp;&nbsp;&nbsp; 4.76%, 09/06/49 |  | 472 | 398797 |
| &nbsp;&nbsp;&nbsp; 5.28%, 04/02/50 |  | 100 | 90176 |
| &nbsp;&nbsp;&nbsp; 5.65%, 03/16/52 |  | 1029 | 972681 |
| &nbsp;&nbsp;&nbsp; 7.08%, 08/02/53 |  | 110 | 124714 |
| BAT International Finance PLC, 5.93%, 02/02/29 |  | 1609 | 1688370 |
| Imperial Brands Finance PLC, 4.50%, 06/30/28<sup>(a)</sup> |  | 1510 | 1522159 |
| Philip Morris International, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 11/17/27 |  | 1018 | 1040011 |
| &nbsp;&nbsp;&nbsp; 4.63%, 10/29/35 |  | 2566 | 2510269 |
|  |  |  | 11312290 |
| **Trading Companies & Distributors — 0.8%** | **Trading Companies & Distributors — 0.8%** | **Trading Companies & Distributors — 0.8%** | **Trading Companies & Distributors — 0.8%** |
| Air Lease Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 01/15/26 |  | 596 | 595678 |
| &nbsp;&nbsp;&nbsp; 5.30%, 06/25/26 |  | 730 | 733652 |
| &nbsp;&nbsp;&nbsp; 1.88%, 08/15/26 |  | 2393 | 2357536 |
| &nbsp;&nbsp;&nbsp; 2.20%, 01/15/27 |  | 423 | 414359 |
|  |  |  | 4101225 |
| **Wireless Telecommunication Services — 0.4%** | **Wireless Telecommunication Services — 0.4%** | **Wireless Telecommunication Services — 0.4%** | **Wireless Telecommunication Services — 0.4%** |
| America Movil SAB de CV, 4.38%, 04/22/49 |  | 221 | 185432 |
| Rogers Communications, Inc., 3.80%, 03/15/32 |  | 928 | 874331 |
| T-Mobile U.S.A., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/15/41 |  | 303 | 225780 |
| &nbsp;&nbsp;&nbsp; 3.30%, 02/15/51 |  | 158 | 105619 |
| &nbsp;&nbsp;&nbsp; 3.40%, 10/15/52 |  | 799 | 537047 |
|  |  |  | 1928209 |
| **Total Corporate Bonds — 81.1%** <br>**(Cost: $390,032,514)** | **Total Corporate Bonds — 81.1%** <br>**(Cost: $390,032,514)** | **Total Corporate Bonds — 81.1%** <br>**(Cost: $390,032,514)** | 394208788 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Foreign Agency Obligations** | **Foreign Agency Obligations** | **Foreign Agency Obligations** | **Foreign Agency Obligations** |
| **Mexico — 0.6%** | **Mexico — 0.6%** | **Mexico — 0.6%** | **Mexico — 0.6%** |
| Petroleos Mexicanos |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/23/29 | USD  | 2033 | $2068578 |
| &nbsp;&nbsp;&nbsp; 6.70%, 02/16/32 |  | 1131 | 1127754 |
|  |  |  | 3196332 |
| **Panama — 0.1%** | **Panama — 0.1%** | **Panama — 0.1%** | **Panama — 0.1%** |
| Banco Nacional de Panama, 2.50%, 08/11/30<sup>(a)</sup> |  | 360 | 318290 |
| **Total Foreign Agency Obligations — 0.7%** <br>**(Cost: $3,521,666)** | **Total Foreign Agency Obligations — 0.7%** <br>**(Cost: $3,521,666)** | **Total Foreign Agency Obligations — 0.7%** <br>**(Cost: $3,521,666)** | 3514622 |
| **Foreign Government Obligations** | **Foreign Government Obligations** | **Foreign Government Obligations** | **Foreign Government Obligations** |
| **Chile — 0.1%** | **Chile — 0.1%** | **Chile — 0.1%** | **Chile — 0.1%** |
| Republic of Chile, 3.25%, 09/21/71 |  | 338 | 209560 |
| **Israel — 0.2%** | **Israel — 0.2%** | **Israel — 0.2%** | **Israel — 0.2%** |
| State of Israel, 5.75%, 03/12/54 |  | 768 | 737203 |
| **Kuwait — 0.6%** | **Kuwait — 0.6%** | **Kuwait — 0.6%** | **Kuwait — 0.6%** |
| &nbsp;&nbsp;&nbsp; Kuwait International Government Bond, 4.14%, <br> 10/09/30<sup>(a)</sup><br>|  | 3024 | 3015624 |
| **Mexico — 2.2%** | **Mexico — 2.2%** | **Mexico — 2.2%** | **Mexico — 2.2%** |
| Eagle Funding Luxco S.a.r.l., 5.50%, 08/17/30<sup>(a)</sup> |  | 4495 | 4571415 |
| United Mexican States |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/22/33 |  | 2275 | 2253911 |
| &nbsp;&nbsp;&nbsp; 6.05%, 01/11/40 |  | 168 | 167227 |
| &nbsp;&nbsp;&nbsp; 4.35%, 01/15/47 |  | 504 | 379512 |
| &nbsp;&nbsp;&nbsp; 4.40%, 02/12/52 |  | 501 | 366231 |
| &nbsp;&nbsp;&nbsp; 6.34%, 05/04/53 |  | 405 | 385357 |
| &nbsp;&nbsp;&nbsp; 7.38%, 05/13/55 |  | 2443 | 2628668 |
|  |  |  | 10752321 |
| **Panama — 0.3%** | **Panama — 0.3%** | **Panama — 0.3%** | **Panama — 0.3%** |
| Republic of Panama, 6.88%, 01/31/36 |  | 1516 | 1645603 |
| **Paraguay — 0.2%** | **Paraguay — 0.2%** | **Paraguay — 0.2%** | **Paraguay — 0.2%** |
| Paraguay Government International Bond |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.60%, 03/13/48<sup>(a)</sup> |  | 320 | 309400 |
| &nbsp;&nbsp;&nbsp; 6.65%, 03/04/55<sup>(a)</sup> |  | 711 | 774901 |
|  |  |  | 1084301 |
| **Peru — 0.3%** | **Peru — 0.3%** | **Peru — 0.3%** | **Peru — 0.3%** |
| Republic of Peru |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.20%, 06/30/55 |  | 1007 | 1036706 |
| &nbsp;&nbsp;&nbsp; 2.78%, 12/01/60 |  | 971 | 528224 |
|  |  |  | 1564930 |
| **Saudi Arabia — 0.2%** | **Saudi Arabia — 0.2%** | **Saudi Arabia — 0.2%** | **Saudi Arabia — 0.2%** |
| Kingdom of Saudi Arabia, 5.13%, 01/13/28<sup>(a)</sup> |  | 925 | 944656 |
| **Uruguay — 0.2%** | **Uruguay — 0.2%** | **Uruguay — 0.2%** | **Uruguay — 0.2%** |
| Oriental Republic of Uruguay |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.10%, 06/18/50 |  | 101 | 95395 |
| &nbsp;&nbsp;&nbsp; 4.98%, 04/20/55 |  | 818 | 743971 |
|  |  |  | 839366 |
| **Total Foreign Government Obligations — 4.3%** <br>**(Cost: $20,141,736)** | **Total Foreign Government Obligations — 4.3%** <br>**(Cost: $20,141,736)** | **Total Foreign Government Obligations — 4.3%** <br>**(Cost: $20,141,736)** | 20793564 |
| **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** |
| **California — 0.3%** | **California — 0.3%** | **California — 0.3%** | **California — 0.3%** |
| State of California, GO, 7.63%, 03/01/40 |  | 950 | 1145349 |

---

------

Schedule of Investments (unaudited) (continued)

December 31, 2025

**BATS: Corporate Credit Total Return Series**

**(Formerly BATS: Series C Portfolio)**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Illinois — 0.2%** | **Illinois — 0.2%** | **Illinois — 0.2%** | **Illinois — 0.2%** |
| &nbsp;&nbsp;&nbsp; Chicago O'Hare International Airport RB, Series B, <br> 6.40%, 01/01/40<br>| USD  | 1000 | $1111375 |
| **New York — 0.3%** | **New York — 0.3%** | **New York — 0.3%** | **New York — 0.3%** |
| &nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority, New York RB, <br> 7.34%, 11/15/39<br>|  | 985 | 1158094 |
| &nbsp;&nbsp;&nbsp; Port Authority of New York & New Jersey RB, 4.46%, <br> 10/01/62<br>|  | 385 | 322601 |
|  |  |  | 1480695 |
| **Total Municipal Bonds — 0.8%** <br>**(Cost: $3,710,121)** | **Total Municipal Bonds — 0.8%** <br>**(Cost: $3,710,121)** | **Total Municipal Bonds — 0.8%** <br>**(Cost: $3,710,121)** | 3737419 |
| **Preferred Securities** | **Preferred Securities** | **Preferred Securities** | **Preferred Securities** |
| **Capital Trusts — 5.7%** | **Capital Trusts — 5.7%** | **Capital Trusts — 5.7%** | **Capital Trusts — 5.7%** |
| **Banks — 1.9%** | **Banks — 1.9%** | **Banks — 1.9%** | **Banks — 1.9%** |
| Bank of America Corp., Series RR, 4.38%<sup>(g)</sup> |  | 292 | 288838 |
| Bank of Montreal, Series 6, 6.88%, 11/26/85 |  | 660 | 679102 |
| Bank of Nova Scotia (The), 8.00%, 01/27/84 |  | 421 | 450816 |
| Barclays PLC, 7.63%<sup>(g)</sup> |  | 370 | 394780 |
| BNP Paribas SA |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%<sup>(a)(g)</sup> |  | 1205 | 1210172 |
| &nbsp;&nbsp;&nbsp; 7.75%<sup>(a)(g)</sup> |  | 647 | 683348 |
| Citigroup, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%<sup>(g)</sup> |  | 520 | 528461 |
| &nbsp;&nbsp;&nbsp; Series EE, 6.75%<sup>(g)</sup> |  | 703 | 715604 |
| &nbsp;&nbsp;&nbsp; Series FF, 6.95%<sup>(g)</sup> |  | 839 | 864988 |
| &nbsp;&nbsp;&nbsp; Series GG, 6.88%<sup>(g)</sup> |  | 1620 | 1683350 |
| &nbsp;&nbsp;&nbsp; Series T, 6.25%<sup>(g)</sup> |  | 286 | 286271 |
| &nbsp;&nbsp;&nbsp; Series X, 3.88%<sup>(g)</sup> |  | 579 | 576981 |
| JPMorgan Chase & Co., Series KK, 3.65%<sup>(g)</sup> |  | 127 | 126284 |
| Lloyds Banking Group PLC, 6.75%<sup>(g)</sup> |  | 271 | 273255 |
| Wells Fargo & Co., Series BB, 3.90%<sup>(g)</sup> |  | 384 | 382806 |
|  |  |  | 9145056 |
| **Capital Markets — 0.5%** | **Capital Markets — 0.5%** | **Capital Markets — 0.5%** | **Capital Markets — 0.5%** |
| Charles Schwab Corp. (The), Series K, 5.00%<sup>(g)</sup> |  | 125 | 125806 |
| Goldman Sachs Group, Inc. (The) |  |  |  |
| &nbsp;&nbsp;&nbsp; Series U, 3.65%<sup>(g)</sup> |  | 197 | 194169 |
| &nbsp;&nbsp;&nbsp; Series V, 4.13%<sup>(g)</sup> |  | 183 | 181242 |
| &nbsp;&nbsp;&nbsp; State Street Corp., (3-mo. CME Term SOFR + 1.26%), <br> 4.99%, 06/15/47<sup>(b)</sup><br>|  | 486 | 434222 |
| UBS Group AG |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%<sup>(a)(g)</sup> |  | 505 | 516061 |
| &nbsp;&nbsp;&nbsp; 7.00%<sup>(a)(g)</sup> |  | 550 | 561389 |
| &nbsp;&nbsp;&nbsp; 7.13%<sup>(a)(g)</sup> |  | 580 | 594363 |
|  |  |  | 2607252 |
| **Consumer Finance — 0.1%** | **Consumer Finance — 0.1%** | **Consumer Finance — 0.1%** | **Consumer Finance — 0.1%** |
| American Express Co., 3.55%<sup>(g)</sup> |  | 377 | 371810 |
| Capital One Financial Corp., Series M, 3.95%<sup>(g)</sup> |  | 162 | 160053 |
|  |  |  | 531863 |
| **Diversified Telecommunication Services — 0.3%** | **Diversified Telecommunication Services — 0.3%** | **Diversified Telecommunication Services — 0.3%** | **Diversified Telecommunication Services — 0.3%** |
| TELUS Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 06/09/56 |  | 587 | 587974 |
| &nbsp;&nbsp;&nbsp; 6.63%, 06/09/56 |  | 720 | 719296 |
|  |  |  | 1307270 |
| **Electric Utilities — 1.0%** | **Electric Utilities — 1.0%** | **Electric Utilities — 1.0%** | **Electric Utilities — 1.0%** |
| Alliant Energy Corp., 5.75%, 04/01/56 |  | 590 | 588925 |
| American Electric Power Co., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; Series C, 5.80%, 03/15/56 |  | 925 | 918303 |
| &nbsp;&nbsp;&nbsp; Series D, 6.05%, 03/15/56 |  | 445 | 437226 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** |
| Dominion Energy, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.20%, 02/15/56 | USD  | 90 | $90061 |
| &nbsp;&nbsp;&nbsp; 6.63%, 05/15/55 |  | 83 | 85528 |
| Edison International, 8.13%, 06/15/53 |  | 1632 | 1698130 |
| &nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc., 3.80%, <br> 03/15/82<br>|  | 829 | 810494 |
|  |  |  | 4628667 |
| **Health Care Equipment & Supplies — 0.0%** | **Health Care Equipment & Supplies — 0.0%** | **Health Care Equipment & Supplies — 0.0%** | **Health Care Equipment & Supplies — 0.0%** |
| DENTSPLY SIRONA, Inc., 8.38%, 09/12/55 |  | 220 | 205949 |
| **Multi-Utilities — 1.1%** | **Multi-Utilities — 1.1%** | **Multi-Utilities — 1.1%** | **Multi-Utilities — 1.1%** |
| CenterPoint Energy, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.95%, 04/01/56 |  | 1160 | 1168846 |
| &nbsp;&nbsp;&nbsp; 6.70%, 05/15/55 |  | 113 | 115872 |
| &nbsp;&nbsp;&nbsp; Series A, 7.00%, 02/15/55 |  | 600 | 625717 |
| &nbsp;&nbsp;&nbsp; Series B, 6.85%, 02/15/55 |  | 188 | 200498 |
| Sempra, 6.88%, 10/01/54 |  | 3242 | 3335312 |
|  |  |  | 5446245 |
| **Oil, Gas & Consumable Fuels — 0.8%** | **Oil, Gas & Consumable Fuels — 0.8%** | **Oil, Gas & Consumable Fuels — 0.8%** | **Oil, Gas & Consumable Fuels — 0.8%** |
| &nbsp;&nbsp;&nbsp; Enterprise Products Operating LLC, Series E, 5.25%, <br> 08/16/77<br>|  | 1846 | 1842841 |
| TransCanada Trust, Series 16-A, 5.88%, 08/15/76 |  | 1835 | 1837246 |
|  |  |  | 3680087 |
| **Total Preferred Securities — 5.7%** <br>**(Cost: $27,193,571)** | **Total Preferred Securities — 5.7%** <br>**(Cost: $27,193,571)** | **Total Preferred Securities — 5.7%** <br>**(Cost: $27,193,571)** | 27552389 |
| **U.S. Treasury Obligations** | **U.S. Treasury Obligations** | **U.S. Treasury Obligations** | **U.S. Treasury Obligations** |
| U.S. Treasury Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.88%, 02/15/41 |  | 1969 | 1375531 |
| &nbsp;&nbsp;&nbsp; 1.75%, 08/15/41 |  | 4000 | 2698906 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/44 |  | 4000 | 3869688 |
| &nbsp;&nbsp;&nbsp; 4.88%, 08/15/45 |  | 5000 | 5048437 |
| U.S. Treasury Notes, 3.50%, 11/15/28 - 12/15/28 |  | 11100 | 11087344 |
| **Total U.S. Treasury Obligations — 4.9%** <br>**(Cost: $24,218,846)** | **Total U.S. Treasury Obligations — 4.9%** <br>**(Cost: $24,218,846)** | **Total U.S. Treasury Obligations — 4.9%** <br>**(Cost: $24,218,846)** | 24079906 |
| **Total Long-Term Investments — 97.5%** <br>**(Cost: $468,818,454)** | **Total Long-Term Investments — 97.5%** <br>**(Cost: $468,818,454)** | **Total Long-Term Investments — 97.5%** <br>**(Cost: $468,818,454)** | 473886688 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 1.4%** | **Money Market Funds — 1.4%** | **Money Market Funds — 1.4%** |
| &nbsp;&nbsp;&nbsp; Dreyfus Treasury Securities Cash Management, <br> Institutional Class, 3.64%<sup>(h)</sup><br>| 6674775 | 6674775 |
| **Total Short-Term Securities — 1.4%** <br>**(Cost: $6,674,775)** | **Total Short-Term Securities — 1.4%** <br>**(Cost: $6,674,775)** | 6674775 |
| **Options Purchased — 0.0%** <br>**(Cost: $345,916)** | **Options Purchased — 0.0%** <br>**(Cost: $345,916)** | 58511 |
| **Total Investments — 98.9%** <br>**(Cost: $475,839,145)** | **Total Investments — 98.9%** <br>**(Cost: $475,839,145)** | 480619974 |
| **Other Assets Less Liabilities — 1.1%** | **Other Assets Less Liabilities — 1.1%** | 5345523 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $485965497 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(b)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. 

------

Schedule of Investments (unaudited) (continued)

December 31, 2025

**BATS: Corporate Credit Total Return Series**

**(Formerly BATS: Series C Portfolio)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(c)</sup> Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. 

<sup>(d)</sup> Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $4,051,355, representing 0.8% of its net assets as of period end, and an original cost of $3,958,000. 

<sup>(e)</sup> This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(f)</sup> Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step- down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect. 

<sup>(g)</sup> Perpetual security with no stated maturity date.

<sup>(h)</sup> Annualized 7-day yield as of period end.

For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Fund for compliance purposes.

**Derivative Financial Instruments Outstanding as of Period End**

**Futures Contracts** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | &nbsp;&nbsp; *Number of* <br>*Contracts*<br>| &nbsp;&nbsp;&nbsp;&nbsp; *Expiration* <br>*Date*<br>| &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(000)*<br>| &nbsp;&nbsp;&nbsp; *Value/* <br>*Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| Long Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds (30 Year) | 75 | 03/20/26 | &nbsp;&nbsp;&nbsp;&nbsp; $8670 | &nbsp;&nbsp;&nbsp;&nbsp; $(57284)<br>|
| &nbsp;&nbsp;&nbsp; U.S. Ultra Treasury Bonds | 50 | 03/20/26 | &nbsp;&nbsp;&nbsp;&nbsp; 5900 | &nbsp;&nbsp;&nbsp;&nbsp; (3452)<br>|
| &nbsp;&nbsp;&nbsp; U.S. Ultra Treasury Notes (10 Year) | 83 | 03/20/26 | &nbsp;&nbsp;&nbsp;&nbsp; 9546 | &nbsp;&nbsp;&nbsp;&nbsp; 1920 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes (2 Year) | 332 | 03/31/26 | &nbsp;&nbsp;&nbsp;&nbsp; 69318 | &nbsp;&nbsp;&nbsp;&nbsp; 27201 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (31615)<br>|
| Short Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes (10 Year) | 82 | 03/20/26 | &nbsp;&nbsp;&nbsp;&nbsp; 9220 | &nbsp;&nbsp;&nbsp;&nbsp; 4886 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes (5 Year) | 76 | 03/31/26 | &nbsp;&nbsp;&nbsp;&nbsp; 8307 | &nbsp;&nbsp;&nbsp;&nbsp; (5702)<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (816)<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $(32431)<br>|

---

**OTC Interest Rate Swaptions Purchased** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |
| *Description* | *Rate* | *Frequency* | *Rate* | *Frequency* | *Counterparty* | *Expiration* <br>*Date*<br>| *Exercise* <br>*Rate*<br>| &nbsp;&nbsp; *Notional* <br>*Amount* <br>*(000)* | &nbsp;&nbsp; *Notional* <br>*Amount* <br>*(000)* | *Value* |
| Call |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10-Year Interest Rate Swap, 05/09/36 | 1-day SOFR, 3.87% | Annual | 3.20% | Annual | Bank of America N.A. | 05/07/26 | 3.20<br> %<br>| USD | 4100 | $6124 |
| &nbsp;&nbsp;&nbsp; 10-Year Interest Rate Swap, 05/14/36 | 1-day SOFR, 3.87% | Annual | 3.35% | Annual | &nbsp;&nbsp;&nbsp; JPMorgan Chase Bank <br> N.A.<br>| 05/12/26 | 3.35<br> %<br>| USD | 6850 | 19083 |
| &nbsp;&nbsp;&nbsp; 30-Year Interest Rate Swap, 06/11/56 | 1-day SOFR, 3.87% | Annual | 3.48% | Annual | Bank of America N.A. | 06/09/26 | 3.48<br> %<br>| USD | 4910 | 15223 |
| &nbsp;&nbsp;&nbsp; 30-Year Interest Rate Swap, 06/11/56 | 1-day SOFR, 3.87% | Annual | 3.53% | Annual | Bank of America N.A. | 06/09/26 | 3.53<br> %<br>| USD | 4910 | 18081 |
|  |  |  |  |  |  |  |  |  |  | $58511 |

---

**Centrally Cleared Credit Default Swaps — Buy Protection** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligation/Index* | *Financing* <br>*Rate* <br>*Paid by* <br>*the* <br>*Fund*<br>| &nbsp;&nbsp;&nbsp;&nbsp; *Payment* <br>*Frequency*<br>| &nbsp;&nbsp;&nbsp; *Termination* <br>*Date*<br>| &nbsp;&nbsp;&nbsp;&nbsp; *Notional* <br>*Amount* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(000)* | &nbsp;&nbsp;&nbsp;&nbsp; *Notional* <br>*Amount* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(000)* | *Value* | &nbsp;&nbsp;&nbsp; *Upfront* <br>*Premium* <br>*Paid* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Received)*<br>| &nbsp;&nbsp;&nbsp; *Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| CDX.NA.IG.45.V1 | 1.00<br> %<br>| Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/30 | USD | 2595 | &nbsp;&nbsp;&nbsp;&nbsp; $(59474)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(56587)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(2887)<br>|

---

**Centrally Cleared Interest Rate Swaps** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |  |
| *Rate* | *Frequency* | *Rate* | *Frequency* | &nbsp;&nbsp; *Effective* <br>*Date*<br>| &nbsp;&nbsp; *Termination* <br>*Date*<br>| &nbsp;&nbsp; *Notional* <br>*Amount* <br>*(000)* | &nbsp;&nbsp; *Notional* <br>*Amount* <br>*(000)* | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)*<br>| *Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| 1-day SOFR, 3.87% | Annual | 3.62% | Annual | 05/12/26<sup>(a)</sup> <br>| 05/12/36 | USD | 840 | &nbsp;&nbsp; $(14757)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(14757)<br>|
| 1-day SOFR, 3.87% | Annual | 3.68% | Annual | 05/12/26<sup>(a)</sup> <br>| 05/12/36 | USD | 320 | &nbsp;&nbsp; (3892)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (3892)<br>|
| 1-day SOFR, 3.87% | Annual | 3.72% | Annual | 05/12/26<sup>(a)</sup> <br>| 05/12/36 | USD | 260 | &nbsp;&nbsp; (2422)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (2422)<br>|
| 1-day SOFR, 3.87% | Annual | 3.74% | Annual | 05/12/26<sup>(a)</sup> <br>| 05/12/36 | USD | 410 | &nbsp;&nbsp; (3129)<br>| &nbsp;&nbsp; 154 | &nbsp;&nbsp; (3283)<br>|
| 1-day SOFR, 3.87% | Annual | 3.82% | Annual | 05/12/26<sup>(a)</sup> <br>| 05/12/36 | USD | 520 | &nbsp;&nbsp; (235)<br>| &nbsp;&nbsp; 536 | &nbsp;&nbsp; (771)<br>|

---

------

Schedule of Investments (unaudited) (continued)

December 31, 2025

**BATS: Corporate Credit Total Return Series**

**(Formerly BATS: Series C Portfolio)**

**Centrally Cleared Interest Rate Swaps (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |  |
| *Rate* | *Frequency* | *Rate* | *Frequency* | &nbsp;&nbsp; *Effective*<br> *Date*<br>| &nbsp;&nbsp; *Termination*<br> *Date*<br>| &nbsp;&nbsp; *Notional*<br> *Amount*<br> *(000)* | &nbsp;&nbsp; *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)*<br>| *Unrealized*<br> *Appreciation*<br> *(Depreciation)*<br>|
| 3.67% | Annual | 1-day SOFR, 3.87% | Annual | 05/11/26<sup>(a)</sup> <br>| 05/14/36 | USD | 4200 | &nbsp;&nbsp; $55457 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $55457 |
| 1-day SOFR, 3.87% | Annual | 3.88% | Annual | 06/09/26<sup>(a)</sup> <br>| 06/09/56 | USD | 230 | &nbsp;&nbsp; (11424)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (11424)<br>|
| 1-day SOFR, 3.87% | Annual | 3.96% | Annual | 06/09/26<sup>(a)</sup> <br>| 06/09/56 | USD | 380 | &nbsp;&nbsp; (13834)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (13834)<br>|
| 1-day SOFR, 3.87% | Annual | 4.01% | Annual | 06/09/26<sup>(a)</sup> <br>| 06/09/56 | USD | 280 | &nbsp;&nbsp; (7899)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (7899)<br>|
| 1-day SOFR, 3.87% | Annual | 4.05% | Annual | 06/09/26<sup>(a)</sup> <br>| 06/09/56 | USD | 420 | &nbsp;&nbsp; (8753)<br>| &nbsp;&nbsp; (467)<br>| &nbsp;&nbsp; (8286)<br>|
| 1-day SOFR, 3.87% | Annual | 4.15% | Annual | 06/09/26<sup>(a)</sup> <br>| 06/09/56 | USD | 460 | &nbsp;&nbsp; (2460)<br>| &nbsp;&nbsp; (313)<br>| &nbsp;&nbsp; (2147)<br>|
| 3.83% | Annual | 1-day SOFR, 3.87% | Annual | 06/09/26<sup>(a)</sup> <br>| 06/09/56 | USD | 540 | &nbsp;&nbsp; 31567 | &nbsp;&nbsp; 388 | &nbsp;&nbsp; 31179 |
| 3.83% | Annual | 1-day SOFR, 3.87% | Annual | 06/11/26<sup>(a)</sup> <br>| 06/11/56 | USD | 2660 | &nbsp;&nbsp; 154550 | &nbsp;&nbsp; — | &nbsp;&nbsp; 154550 |
|  |  |  |  |  |  |  |  | &nbsp;&nbsp; $172769 | &nbsp;&nbsp; $298 | &nbsp;&nbsp; $172471 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Forward Swap.

**OTC Credit Default Swaps — Buy Protection** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligation/Index* | &nbsp;&nbsp; *Financing* <br>*Rate* <br>*Paid* <br>*by the* <br>*Fund*<br>| &nbsp;&nbsp;&nbsp; *Payment* <br>*Frequency*<br>| *Counterparty* | &nbsp;&nbsp; *Termination* <br>*Date*<br>| &nbsp;&nbsp; *Notional* <br>*Amount* <br>*(000)* | &nbsp;&nbsp; *Notional* <br>*Amount* <br>*(000)* | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)*<br>| *Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| Toll Brothers Finance Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1.00<br> % <br>| Quarterly | Bank of America N.A. | 06/20/30 | USD | &nbsp;&nbsp; 103 | &nbsp;&nbsp; $(1279)<br>| &nbsp;&nbsp; $81 | &nbsp;&nbsp; $(1360)<br>|
| Toll Brothers Finance Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | Quarterly | Bank of America N.A. | 06/20/30 | USD | &nbsp;&nbsp; 69 | &nbsp;&nbsp; (857)<br>| &nbsp;&nbsp; 27 | &nbsp;&nbsp; (884)<br>|
| Campbell's Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/30 | USD | &nbsp;&nbsp; 1977 | &nbsp;&nbsp; (39938)<br>| &nbsp;&nbsp; (34678)<br>| &nbsp;&nbsp; (5260)<br>|
| Campbell's Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/30 | USD | &nbsp;&nbsp; 395 | &nbsp;&nbsp; (7980)<br>| &nbsp;&nbsp; (7127)<br>| &nbsp;&nbsp; (853)<br>|
| CDX.NA.IG.45 7-15% | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/30 | USD | &nbsp;&nbsp; 11417 | &nbsp;&nbsp; (155314)<br>| &nbsp;&nbsp; (148672)<br>| &nbsp;&nbsp; (6642)<br>|
| CDX.NA.IG.45 7-15% | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/30 | USD | &nbsp;&nbsp; 1141 | &nbsp;&nbsp; (15522)<br>| &nbsp;&nbsp; (14858)<br>| &nbsp;&nbsp; (664)<br>|
| CDX.NA.IG.45 7-15% | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/30 | USD | &nbsp;&nbsp; 11102 | &nbsp;&nbsp; (151029)<br>| &nbsp;&nbsp; (157763)<br>| &nbsp;&nbsp; 6734 |
| CDX.NA.IG.45 7-15% | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/30 | USD | &nbsp;&nbsp; 5343 | &nbsp;&nbsp; (72689)<br>| &nbsp;&nbsp; (75970)<br>| &nbsp;&nbsp; 3281 |
| Conagra Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/30 | USD | &nbsp;&nbsp; 1577 | &nbsp;&nbsp; (15579)<br>| &nbsp;&nbsp; (16991)<br>| &nbsp;&nbsp; 1412 |
| Conagra Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/30 | USD | &nbsp;&nbsp; 387 | &nbsp;&nbsp; (3823)<br>| &nbsp;&nbsp; (3963)<br>| &nbsp;&nbsp; 140 |
| Conagra Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/30 | USD | &nbsp;&nbsp; 915 | &nbsp;&nbsp; (9039)<br>| &nbsp;&nbsp; (10219)<br>| &nbsp;&nbsp; 1180 |
| Conagra Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/30 | USD | &nbsp;&nbsp; 184 | &nbsp;&nbsp; (1818)<br>| &nbsp;&nbsp; (1803)<br>| &nbsp;&nbsp; (15)<br>|
| Conagra Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/30 | USD | &nbsp;&nbsp; 184 | &nbsp;&nbsp; (1818)<br>| &nbsp;&nbsp; (1803)<br>| &nbsp;&nbsp; (15)<br>|
| Conagra Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/30 | USD | &nbsp;&nbsp; 473 | &nbsp;&nbsp; (4673)<br>| &nbsp;&nbsp; (5301)<br>| &nbsp;&nbsp; 628 |
| Conagra Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/30 | USD | &nbsp;&nbsp; 189 | &nbsp;&nbsp; (1872)<br>| &nbsp;&nbsp; (2039)<br>| &nbsp;&nbsp; 167 |
| Conagra Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/30 | USD | &nbsp;&nbsp; 189 | &nbsp;&nbsp; (1867)<br>| &nbsp;&nbsp; (2201)<br>| &nbsp;&nbsp; 334 |
| Conagra Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/30 | USD | &nbsp;&nbsp; 522 | &nbsp;&nbsp; (5152)<br>| &nbsp;&nbsp; (4653)<br>| &nbsp;&nbsp; (499)<br>|
|  |  |  |  |  |  |  | &nbsp;&nbsp; $(490249)<br>| &nbsp;&nbsp; $(487933)<br>| &nbsp;&nbsp; $(2316)<br>|

---

**OTC Credit Default Swaps — Sell Protection** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligation/Index* | *Financing* <br>*Rate* <br>*Received* <br>*by* <br>*the Fund*<br>| &nbsp;&nbsp; *Payment* <br>*Frequency*<br>| *Counterparty* | *Termination* <br>*Date*<br>| *Credit* <br>*Rating*<sup>(a)</sup> <br>| *Notional* <br>*Amount* <br>*(000)*<sup>(b)</sup>  | *Notional* <br>*Amount* <br>*(000)*<sup>(b)</sup>  | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)*<br>| *Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| Prudential Financial, Inc. | 1.00<br> % <br>| Quarterly | Bank of America N.A. | 06/20/26 | A | USD | 2240 | $9487 | $8105 | $1382 |
| Verizon Communications, Inc. | 1.00 | Quarterly | Bank of America N.A. | 06/20/27 | BBB+ | USD | 2486 | 24887 | 23581 | 1306 |
| AT&T Inc. | 1.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB | USD | 655 | 11232 | 6601 | 4631 |
| AT&T Inc. | 1.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB | USD | 139 | 2384 | 1551 | 833 |
| AT&T Inc. | 1.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB | USD | 139 | 2383 | 1548 | 835 |
| AT&T Inc. | 1.00 | Quarterly | Deutsche Bank AG | 06/20/29 | BBB | USD | 177 | 3035 | 1783 | 1252 |
| Ford Motor Co. | 5.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB- | USD | 328 | 40583 | 34889 | 5694 |
| Ford Motor Co. | 5.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB- | USD | 292 | 36129 | 31226 | 4903 |
| Ford Motor Co. | 5.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB- | USD | 125 | 15466 | 13077 | 2389 |
| Ford Motor Co. | 5.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB- | USD | 139 | 17198 | 14864 | 2334 |
| Ford Motor Co. | 5.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB- | USD | 208 | 25712 | 21834 | 3878 |
| Ford Motor Co. | 5.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB- | USD | 125 | 15466 | 13007 | 2459 |
| Ford Motor Co. | 5.00 | Quarterly | Deutsche Bank AG | 06/20/29 | BBB- | USD | 118 | 14549 | 12468 | 2081 |

---

------

Schedule of Investments (unaudited) (continued)

December 31, 2025

**BATS: Corporate Credit Total Return Series**

**(Formerly BATS: Series C Portfolio)**

**OTC Credit Default Swaps — Sell Protection (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligation/Index* | *Financing*<br> *Rate*<br> *Received*<br> *by*<br> *the Fund*<br>| &nbsp;&nbsp; *Payment*<br> *Frequency*<br>| *Counterparty* | *Termination*<br> *Date*<br>| *Credit*<br> *Rating*<sup>(a)</sup><br>| *Notional*<br> *Amount*<br> *(000)*<sup>(b)</sup> | *Notional*<br> *Amount*<br> *(000)*<sup>(b)</sup> | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)*<br>| *Unrealized*<br> *Appreciation*<br> *(Depreciation)*<br>|
| Kinder Morgan, Inc. | 1.00<br> % <br>| Quarterly | JPMorgan Chase Bank N.A. | 06/20/29 | BBB | USD | 396 | $7804 | $5343 | $2461 |
| Kinder Morgan, Inc. | 1.00 | Quarterly | JPMorgan Chase Bank N.A. | 06/20/29 | BBB | USD | 284 | 5597 | 3679 | 1918 |
| Verizon Communications, Inc. | 1.00 | Quarterly | Barclays Bank PLC | 06/20/29 | BBB+ | USD | 2767 | 48435 | 36432 | 12003 |
| Verizon Communications, Inc. | 1.00 | Quarterly | Barclays Bank PLC | 06/20/29 | BBB+ | USD | 320 | 5602 | 4118 | 1484 |
| Verizon Communications, Inc. | 1.00 | Quarterly | Barclays Bank PLC | 06/20/29 | BBB+ | USD | 377 | 6599 | 5277 | 1322 |
| Verizon Communications, Inc. | 1.00 | Quarterly | Barclays Bank PLC | 06/20/29 | BBB+ | USD | 503 | 8805 | 7041 | 1764 |
| Verizon Communications, Inc. | 1.00 | Quarterly | Barclays Bank PLC | 06/20/29 | BBB+ | USD | 1475 | 25819 | 20610 | 5209 |
| Verizon Communications, Inc. | 1.00 | Quarterly | Barclays Bank PLC | 06/20/29 | BBB+ | USD | 415 | 7264 | 5934 | 1330 |
| Boeing Co. (The) | 1.00 | Quarterly | Bank of America N.A. | 12/20/30 | BBB- | USD | 1089 | 17535 | 15879 | 1656 |
| Oracle Corp. | 1.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/30 | BBB | USD | 960 | (18459)<br>| (4657)<br>| (13802)<br>|
| Petroleos Mexicanos | 1.00 | Quarterly | Barclays Bank PLC | 12/20/30 | BBB | USD | 345 | (26776)<br>| (31077)<br>| 4301 |
| Petroleos Mexicanos | 1.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/30 | BBB | USD | 308 | (23904)<br>| (27859)<br>| 3955 |
| Petroleos Mexicanos | 1.00 | Quarterly | &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. <br> International PLC<br>| 12/20/30 | BBB | USD | 452 | (35080)<br>| (42284)<br>| 7204 |
| Petroleos Mexicanos | 1.00 | Quarterly | &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. <br> International PLC<br>| 12/20/30 | BBB | USD | 546 | (42376)<br>| (48964)<br>| 6588 |
| Petroleos Mexicanos | 1.00 | Quarterly | &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. <br> International PLC<br>| 12/20/30 | BBB | USD | 809 | (62787)<br>| (70184)<br>| 7397 |
|  |  |  |  |  |  |  |  | $142589 | $63822 | $78767 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Using the rating of the issuer or the underlying securities of the index, as applicable, provided by S&P Global Ratings.

<sup>(b)</sup> The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement.

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 — Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 — Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds  | &nbsp;&nbsp; $— | &nbsp;&nbsp; $390077433 | &nbsp;&nbsp; $4131355 | &nbsp;&nbsp; $394208788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 3514622 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3514622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Government Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 20793564 | &nbsp;&nbsp; — | &nbsp;&nbsp; 20793564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp; 3737419 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3737419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Securities  | &nbsp;&nbsp; — | &nbsp;&nbsp; 27552389 | &nbsp;&nbsp; — | &nbsp;&nbsp; 27552389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 24079906 | &nbsp;&nbsp; — | &nbsp;&nbsp; 24079906 |

---

------

Schedule of Investments (unaudited) (continued)

December 31, 2025

**BATS: Corporate Credit Total Return Series**

**(Formerly BATS: Series C Portfolio)**

**Fair Value Hierarchy as of Period End (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; $6674775 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $6674775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options Purchased |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp; 58511 | &nbsp;&nbsp; — | &nbsp;&nbsp; 58511 |
|  | &nbsp;&nbsp; $6674775 | &nbsp;&nbsp; $469813844 | &nbsp;&nbsp; $4131355 | &nbsp;&nbsp; $480619974 |
| Derivative Financial Instruments<sup>(a)</sup> <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Contracts | &nbsp;&nbsp; $— | &nbsp;&nbsp; $106445 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $106445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Contracts | &nbsp;&nbsp; 34007 | &nbsp;&nbsp; 241186 | &nbsp;&nbsp; — | &nbsp;&nbsp; 275193 |
| &nbsp;&nbsp;&nbsp; Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp; (32881)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (32881)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Contracts | &nbsp;&nbsp; (66438)<br>| &nbsp;&nbsp; (68715)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (135153)<br>|
|  | &nbsp;&nbsp; $(32431)<br>| &nbsp;&nbsp; $246035 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $213604 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Derivative financial instruments are swaps, futures contracts and options written. Swaps, futures contracts are valued at the unrealized appreciation (depreciation) on the instrument and options written are shown at value. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Currency Abbreviation**  | **Currency Abbreviation**  |
| USD | United States Dollar |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| CME | Chicago Mercantile Exchange |
| GO | General Obligation Bonds |
| LP | Limited Partnership |
| OTC | Over-the-Counter |
| RB | Revenue Bonds |
| REIT | Real Estate Investment Trust |
| SOFR | Secured Overnight Financing Rate |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock Allocation Target Shares

- **b. Investment Company Act file number:** 811-21457

- **c. CIK number of Registrant:** 0001221845

- **d. LEI of Registrant:** 549300R5YFYF3PL2MC94

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

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** BATS: Corporate Credit Total Return Series

- **b. EDGAR series identifier (if any):** S000001469

- **c. LEI of Series:** 1L3GOML0CFJMLLUN6G10

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $489302756.26

**Total Liabilities:** $3549322.98

**Net Assets:** $485753433.28

**Cash Not Reported:** $1777000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 569.24000000 | **1-Year:** 10980.32000000 | **5-Year:** 60346.75000000 | **10-Year:** 67896.85000000 | **30-Year:** 116122.64000000

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

- **3-Month:** 3023.54000000 | **1-Year:** 535.82000000 | **5-Year:** 4547.25000000 | **10-Year:** -632.85000000 | **30-Year:** -1798.24000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000003891 | 0.66%                | 0.64%                | -0.32%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1625296.69              | $-502861.07                                |
| Month 2  | $199845.94               | $641013.08                                 |
| Month 3  | $163223.70               | $-3453908.39                               |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Credit Index

- **Index Identifier:** LUCRTRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | ULTRA U.S. TREASURY BOND                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        46 | NC      | $-3150.52     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS CONAGRA BRANDS INC                                                          | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-15622.77    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                      | Extra Space Storage LP                                                          | CUSIP: 30225VAV9<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |    668000 | PA      | $675228.17    | 0.14%             | 2033-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                            | Paramount Global                                                                | CUSIP: 92553PAP7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    116000 | PA      | $80684.67     | 0.02%             | 2043-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES PWR-MINN                    | Northern States Power Co/MN                                                     | CUSIP: 665772CQ0<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |    124000 | PA      | $93388.55     | 0.02%             | 2047-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                       | Becton Dickinson & Co                                                           | CUSIP: 075887CJ6<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    709000 | PA      | $668285.82    | 0.14%             | 2030-05-20      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                       | Norfolk Southern Corp                                                           | CUSIP: 655844CL0<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    142000 | PA      | $89207.44     | 0.02%             | 2051-08-25      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                         | American Tower Corp                                                             | CUSIP: 03027XCN8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    602000 | PA      | $614841.88    | 0.13%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                        | Raizen Fuels Finance SA                                                         | CUSIP: 75102XAE6<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |    834000 | PA      | $675540.00    | 0.14%             | 2037-02-25      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                            | BAT Capital Corp                                                                | CUSIP: 05526DBV6<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   1029000 | PA      | $972680.96    | 0.20%             | 2052-03-16      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                | NiSource Inc                                                                    | CUSIP: 65473QAZ6<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    238000 | PA      | $239413.42    | 0.05%             | 2042-02-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                         | FS KKR Capital Corp                                                             | CUSIP: 302635AQ0<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |   1068000 | PA      | $1042004.71   | 0.21%             | 2031-01-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS FORD MOTOR CO                                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $40628.91     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    292000 | PA      | $288837.67    | 0.06%             | N/A             | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                         | Dow Chemical Co/The                                                             | CUSIP: 260543DD2<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    524000 | PA      | $337937.71    | 0.07%             | 2050-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| BANNER HEALTH                               | Banner Health                                                                   | CUSIP: 06654DAG2<br>LEI: PLD0E0WJKFN8IZJ2WD85 | Long             | DBT              | CORP              | US        |    212000 | PA      | $156156.66    | 0.03%             | 2042-01-01      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1258000 | PA      | $1261893.23   | 0.26%             | 2031-09-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                               | State of California                                                             | CUSIP: 13063BFR8<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    950000 | PA      | $1145349.45   | 0.24%             | 2040-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION                    | FirstEnergy Transmission LLC                                                    | CUSIP: 000000000<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |    158000 | PA      | $134209.58    | 0.03%             | 2049-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                    | Aptiv Swiss Holdings Ltd                                                        | CUSIP: 03837AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    536000 | PA      | $546024.11    | 0.11%             | 2029-09-13      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MIDAMERICAN ENERGY CO                       | MidAmerican Energy Co                                                           | CUSIP: 595620AP0<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    107000 | PA      | $89359.89     | 0.02%             | 2046-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                      | Verizon Communications Inc                                                      | CUSIP: 92343VHF4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    675000 | PA      | $674471.42    | 0.14%             | 2033-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                         | Southern California Edison Co                                                   | CUSIP: 842400HF3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    207000 | PA      | $141237.65    | 0.03%             | 2051-06-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS CONAGRA BRANDS INC                                                          | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-1876.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WISCONSIN ELECTRIC POWER                    | Wisconsin Electric Power Co                                                     | CUSIP: 976656CT3<br>LEI: AENKIFMULUAWOUU8Q584 | Long             | DBT              | CORP              | US        |    181000 | PA      | $166503.96    | 0.03%             | 2054-10-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                | UBS Group AG                                                                    | CUSIP: 225401BM9<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1090000 | PA      | $1084698.43   | 0.22%             | 2031-09-23      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                           | Ares Capital Corp                                                               | CUSIP: 04010LBB8<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    382000 | PA      | $365076.61    | 0.08%             | 2028-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS LP                          | Regency Centers LP                                                              | CUSIP: 75884RBC6<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86065.41     | 0.02%             | 2035-01-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CAMERON LNG LLC                             | Cameron LNG LLC                                                                 | CUSIP: 133434AC4<br>LEI: 549300C39FLHGVD73K22 | Long             | DBT              | CORP              | US        |    161000 | PA      | $139760.87    | 0.03%             | 2038-01-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                   | Boeing Co/The                                                                   | CUSIP: 097023CB9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1279000 | PA      | $943309.07    | 0.19%             | 2048-11-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                         | JPMorgan Chase & Co                                                             | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   6343000 | PA      | $6654815.03   | 1.37%             | 2036-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| BANCO NACIONAL DE PANAMA                    | Banco Nacional de Panama                                                        | CUSIP: 059626AC5<br>LEI: 529900H2Q7WMDKKIW109 | Long             | DBT              | CORP              | PA        |    360000 | PA      | $318290.40    | 0.07%             | 2030-08-11      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| 3M COMPANY                                  | 3M Co                                                                           | CUSIP: 88579YBK6<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |    608000 | PA      | $418043.48    | 0.09%             | 2049-08-26      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ATMOS ENERGY CORP                           | Atmos Energy Corp                                                               | CUSIP: 049560BE4<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |     94000 | PA      | $90938.95     | 0.02%             | 2056-01-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              | CORP              | US        |   4910000 | NC      | $15223.49     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                 | Southern Co/The                                                                 | CUSIP: 842587DR5<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    116000 | PA      | $119181.67    | 0.02%             | 2033-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                            | Bank of Montreal                                                                | CUSIP: 06368L8V1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    660000 | PA      | $679102.38    | 0.14%             | 2085-11-26      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CAMERON LNG LLC                             | Cameron LNG LLC                                                                 | CUSIP: 133434AB6<br>LEI: 549300C39FLHGVD73K22 | Long             | DBT              | CORP              | US        |    408000 | PA      | $356844.22    | 0.07%             | 2035-01-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                      | Aviation Capital Group LLC                                                      | CUSIP: 05369AAR2<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    503000 | PA      | $505683.49    | 0.10%             | 2027-04-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                            | T-Mobile USA Inc                                                                | CUSIP: 87264ABN4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    158000 | PA      | $105619.20    | 0.02%             | 2051-02-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING                     | DCP Midstream Operating LP                                                      | CUSIP: 23311VAK3<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    849000 | PA      | $780544.79    | 0.16%             | 2032-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                    | Toyota Motor Credit Corp                                                        | CUSIP: 89236TLL7<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    192000 | PA      | $195491.16    | 0.04%             | 2029-01-05      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                 | Truist Bank                                                                     | CUSIP: 89788JAH2<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   1417000 | PA      | $1415919.13   | 0.29%             | 2029-10-23      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308HD2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    114000 | PA      | $95137.96     | 0.02%             | 2043-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| APPLIED MATERIALS INC                       | Applied Materials Inc                                                           | CUSIP: 038222AN5<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | DBT              | CORP              | US        |    355000 | PA      | $321128.77    | 0.07%             | 2030-06-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS CONAGRA BRANDS INC                                                          | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-9064.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308JH1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    189000 | PA      | $143064.02    | 0.03%             | 2040-08-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                    | Vistra Operations Co LLC                                                        | CUSIP: 92840VAQ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    525000 | PA      | $585027.45    | 0.12%             | 2033-10-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                    | Florida Power & Light Co                                                        | CUSIP: 341081FA0<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    161000 | PA      | $174788.17    | 0.04%             | 2038-02-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                  | AbbVie Inc                                                                      | CUSIP: 00287YAM1<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    138000 | PA      | $122751.24    | 0.03%             | 2042-11-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES PWR-MINN                    | Northern States Power Co/MN                                                     | CUSIP: 665772CS6<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |    301000 | PA      | $183829.10    | 0.04%             | 2051-06-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                   | Boeing Co/The                                                                   | CUSIP: 097023DC6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2950000 | PA      | $2833747.37   | 0.58%             | 2031-02-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                         | American Tower Corp                                                             | CUSIP: 03027XCL2<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    334000 | PA      | $342000.15    | 0.07%             | 2030-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                      | Verizon Communications Inc                                                      | CUSIP: 92343VHG2<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    560000 | PA      | $555246.04    | 0.11%             | 2036-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY ENERG                    | Berkshire Hathaway Energy Co                                                    | CUSIP: 084659AP6<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |    144000 | PA      | $109055.90    | 0.02%             | 2048-07-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| COTERRA ENERGY INC                          | Coterra Energy Inc                                                              | CUSIP: 127097AM5<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1375316.48   | 0.28%             | 2035-02-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | CDS PETROLEOS MEXICANOS                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $-26766.25    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| OTIS WORLDWIDE CORP                         | Otis Worldwide Corp                                                             | CUSIP: 68902VAP2<br>LEI: 549300ZLBKR8VSU25153 | Long             | DBT              | CORP              | US        |    433000 | PA      | $446211.59    | 0.09%             | 2028-08-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY RES                      | CenterPoint Energy Resources Corp                                               | CUSIP: 15189YAG1<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |    108000 | PA      | $110677.48    | 0.02%             | 2028-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                    | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 035240AQ3<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |   1470000 | PA      | $1499637.18   | 0.31%             | 2029-01-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRANSCONT GAS PIPE LINE                     | Transcontinental Gas Pipe Line Co LLC                                           | CUSIP: 893574AS2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    525000 | PA      | $528570.81    | 0.11%             | 2036-03-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                       | American Homes 4 Rent LP                                                        | CUSIP: 02666TAG2<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |    148000 | PA      | $152823.86    | 0.03%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 06051GLV9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1452000 | PA      | $1470721.46   | 0.30%             | 2027-09-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                    | Duke Energy Progress LLC                                                        | CUSIP: 26442UAC8<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |    250000 | PA      | $190536.85    | 0.04%             | 2046-10-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                              | Morgan Stanley                                                                  | CUSIP: 61748UAM4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   4285000 | PA      | $4270933.16   | 0.88%             | 2031-10-22      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 29278NAR4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    851000 | PA      | $711987.18    | 0.15%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                | QUALCOMM Inc                                                                    | CUSIP: 747525BW2<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |   1164000 | PA      | $1181955.24   | 0.24%             | 2035-05-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC      | CDS PETROLEOS MEXICANOS                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $-62764.93    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                            | BAT Capital Corp                                                                | CUSIP: 05526DBQ7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    100000 | PA      | $90175.78     | 0.02%             | 2050-04-02      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308KK2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    131000 | PA      | $138233.59    | 0.03%             | 2053-04-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                  | PacifiCorp                                                                      | CUSIP: 695114DB1<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    129000 | PA      | $131639.75    | 0.03%             | 2029-02-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                       | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CAX2<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |   1367000 | PA      | $1370404.40   | 0.28%             | 2028-11-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                | AES Corp/The                                                                    | CUSIP: 00130HCH6<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    117000 | PA      | $119651.53    | 0.02%             | 2028-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| LYB INT FINANCE III                         | LYB International Finance III LLC                                               | CUSIP: 50249AAP8<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |    518000 | PA      | $530789.98    | 0.11%             | 2035-05-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    839000 | PA      | $864988.03    | 0.18%             | N/A             | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                      | Aviation Capital Group LLC                                                      | CUSIP: 05369AAL5<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    101000 | PA      | $99353.37     | 0.02%             | 2026-09-20      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                    | Aptiv Swiss Holdings Ltd                                                        | CUSIP: 00217GAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    607000 | PA      | $567199.67    | 0.12%             | 2032-03-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY RES                      | CenterPoint Energy Resources Corp                                               | CUSIP: 15189WAL4<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |    144000 | PA      | $143793.35    | 0.03%             | 2028-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | CDS VERIZON COMMUNICATIONS INC                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $8818.82      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                              | NRG Energy Inc                                                                  | CUSIP: 629377CP5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    425000 | PA      | $410707.28    | 0.08%             | 2027-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                      | Motorola Solutions Inc                                                          | CUSIP: 620076CB3<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |   1902000 | PA      | $1961056.36   | 0.40%             | 2032-08-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 29273RAZ2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     92000 | PA      | $90084.42     | 0.02%             | 2043-10-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                    | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 035240AP5<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    356000 | PA      | $309947.64    | 0.06%             | 2058-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                       | Rio Tinto Finance USA PLC                                                       | CUSIP: 76720AAU0<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    251000 | PA      | $258639.04    | 0.05%             | 2035-03-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308JJ7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    336000 | PA      | $226565.19    | 0.05%             | 2050-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                | AES Corp/The                                                                    | CUSIP: 00130HCG8<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   1481000 | PA      | $1342731.62   | 0.28%             | 2031-01-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                  | Humana Inc                                                                      | CUSIP: 444859BB7<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    103000 | PA      | $88625.79     | 0.02%             | 2042-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                    | Toyota Motor Credit Corp                                                        | CUSIP: 89236TNR2<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201003.12    | 0.04%             | 2028-09-05      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                        | Paraguay Government International Bond                                          | CUSIP: 699149BY5<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    711000 | PA      | $774901.13    | 0.16%             | 2055-03-04      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS CONAGRA BRANDS INC                                                          | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-1872.36     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HUMANA INC                                  | Humana Inc                                                                      | CUSIP: 444859CD2<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    778000 | PA      | $794299.52    | 0.16%             | 2035-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                | UBS Group AG                                                                    | CUSIP: 902613BS6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    550000 | PA      | $561388.85    | 0.12%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                    | Aptiv Swiss Holdings Ltd                                                        | CUSIP: 03837AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    553000 | PA      | $558033.92    | 0.11%             | 2034-09-13      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| LYB INT FINANCE III                         | LYB International Finance III LLC                                               | CUSIP: 50249AAQ6<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |    705000 | PA      | $707615.68    | 0.15%             | 2031-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                           | Kinder Morgan Inc                                                               | CUSIP: 49456BAS0<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    615000 | PA      | $406782.68    | 0.08%             | 2050-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                         | Invitation Homes Operating Partnership LP                                       | CUSIP: 46188BAC6<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    102000 | PA      | $87169.44     | 0.02%             | 2034-01-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                       | Norfolk Southern Corp                                                           | CUSIP: 655844CP1<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |   1024000 | PA      | $862862.17    | 0.18%             | 2053-06-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                       | Wells Fargo & Co                                                                | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    724000 | PA      | $749716.43    | 0.15%             | 2031-01-24      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                           | HSBC Holdings PLC                                                               | CUSIP: 404280FE4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   3563000 | PA      | $3573987.04   | 0.74%             | 2031-11-06      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                          | Ingersoll Rand Inc                                                              | CUSIP: 45687VAE6<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |    113000 | PA      | $118103.37    | 0.02%             | 2031-06-15      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS TOLL BROTHERS FINANCE CORP                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-1281.66     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                            | Deutsche Bank AG/New York NY                                                    | CUSIP: 25160PAQ0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1251000 | PA      | $1276609.01   | 0.26%             | 2029-01-10      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                         | Invitation Homes Operating Partnership LP                                       | CUSIP: 46188BAG7<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    331000 | PA      | $326700.75    | 0.07%             | 2035-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                           | General Motors Co                                                               | CUSIP: 37045VAQ3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    780000 | PA      | $708338.32    | 0.15%             | 2048-04-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                       | Blue Owl Capital Corp                                                           | CUSIP: 69121KAJ3<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    696000 | PA      | $704743.97    | 0.15%             | 2030-07-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                      | Motorola Solutions Inc                                                          | CUSIP: 620076CC1<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |     87000 | PA      | $90410.48     | 0.02%             | 2035-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| FORD HOLDINGS LLC                           | Ford Holdings LLC                                                               | CUSIP: 345277AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $396683.70    | 0.08%             | 2030-03-01      | Fixed         | 9.30%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                        | Lockheed Martin Corp                                                            | CUSIP: 539830CM9<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    777000 | PA      | $791394.19    | 0.16%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COPPER CORP                        | Southern Copper Corp                                                            | CUSIP: 84265VAG0<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $190948.00    | 0.04%             | 2042-11-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                            | Crown Castle Inc                                                                | CUSIP: 22822VAZ4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    701000 | PA      | $690901.98    | 0.14%             | 2027-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                        | Lockheed Martin Corp                                                            | CUSIP: 539830BK4<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |     92000 | PA      | $90177.15     | 0.02%             | 2036-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS CDX.NA.IG.45.V1                                                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-72837.11    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS TOLL BROTHERS FINANCE CORP                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-858.58      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                 | BNP Paribas SA                                                                  | CUSIP: 05565AM34<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    647000 | PA      | $683347.81    | 0.14%             | N/A             | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO                            | Georgia Power Co                                                                | CUSIP: 373334LA7<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    257000 | PA      | $263680.39    | 0.05%             | 2031-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                    | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    387000 | PA      | $391415.61    | 0.08%             | 2027-01-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| DUPONT DE NEMOURS INC                       | DuPont de Nemours Inc                                                           | CUSIP: 26078JAE0<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |    610000 | PA      | $611276.70    | 0.13%             | 2038-11-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                            | Altria Group Inc                                                                | CUSIP: 02209SBN2<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    320000 | PA      | $226128.33    | 0.05%             | 2051-02-04      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                           | Ares Capital Corp                                                               | CUSIP: 04010LBF9<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    568000 | PA      | $582671.90    | 0.12%             | 2029-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| STEEL DYNAMICS INC                          | Steel Dynamics Inc                                                              | CUSIP: 858119BP4<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |    647000 | PA      | $443338.26    | 0.09%             | 2050-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NASDAQ INC                                  | Nasdaq Inc                                                                      | CUSIP: 63111XAJ0<br>LEI: 549300L8X1Q78ERXFD06 | Long             | DBT              | CORP              | US        |    336000 | PA      | $352846.89    | 0.07%             | 2034-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| DUPONT DE NEMOURS INC                       | DuPont de Nemours Inc                                                           | CUSIP: 26614NAC6<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |   1344000 | PA      | $1361011.41   | 0.28%             | 2028-11-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                             | DTE Electric Co                                                                 | CUSIP: 23338VAZ9<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |     85000 | PA      | $87233.42     | 0.02%             | 2055-05-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS PETROLEOS MEXICANOS                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-23895.67    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SPRINT CAPITAL CORP                         | Sprint Capital Corp                                                             | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |   2377000 | PA      | $2550827.68   | 0.53%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2764000 | PA      | $2854790.30   | 0.59%             | 2031-04-23      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                         | Invitation Homes Operating Partnership LP                                       | CUSIP: 46188BAF9<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    149000 | PA      | $154275.69    | 0.03%             | 2033-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY CORP                         | Alliant Energy Corp                                                             | CUSIP: 018802AF5<br>LEI: 5493009ML300G373MZ12 | Long             | DBT              | CORP              | US        |    590000 | PA      | $588925.02    | 0.12%             | 2056-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD GRP/CO                    | JBS USA Holding Lux Sarl / JBS USA Foods Group Holdings Inc / JBS USA Food Co   | CUSIP: 472140AG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    563000 | PA      | $560343.51    | 0.12%             | 2056-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                         | General Electric Co                                                             | CUSIP: 369604BZ5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    560000 | PA      | $564758.66    | 0.12%             | 2030-07-29      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                      | Diamondback Energy Inc                                                          | CUSIP: 25278XBA6<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    234000 | PA      | $221138.69    | 0.05%             | 2054-04-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                         | Petroleos Mexicanos                                                             | CUSIP: 71654QCP5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   2033000 | PA      | $2068577.50   | 0.43%             | 2029-01-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                        | Kraft Heinz Foods Co                                                            | CUSIP: 50077LAB2<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    809000 | PA      | $668330.79    | 0.14%             | 2046-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                       | Rio Tinto Finance USA PLC                                                       | CUSIP: 76720AAW6<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    285000 | PA      | $294353.23    | 0.06%             | 2065-03-14      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | CDS VERIZON COMMUNICATIONS INC                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $48512.30     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $2698906.24   | 0.56%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                       | American Homes 4 Rent LP                                                        | CUSIP: 02666TAH0<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |     86000 | PA      | $88840.86     | 0.02%             | 2034-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                 | Oracle Corp                                                                     | CUSIP: 68389XBF1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    208000 | PA      | $149662.61    | 0.03%             | 2045-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                    | Duke Energy Progress LLC                                                        | CUSIP: 26442UAB0<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |    122000 | PA      | $101197.22    | 0.02%             | 2045-08-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                        | Glencore Funding LLC                                                            | CUSIP: 378272CA4<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    424000 | PA      | $442683.84    | 0.09%             | 2035-04-01      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                     | GLP Capital LP / GLP Financing II Inc                                           | CUSIP: 361841AU3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    371000 | PA      | $368918.86    | 0.08%             | 2054-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 06051GMW6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1098000 | PA      | $1143042.25   | 0.24%             | 2036-05-09      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| DUPONT DE NEMOURS INC                       | DuPont de Nemours Inc                                                           | CUSIP: 26078JAF7<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |     18000 | PA      | $17117.43     | 0.00%             | 2048-11-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PDL3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    250000 | PA      | $204580.23    | 0.04%             | 2048-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                    | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748BJ0<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    215000 | PA      | $194454.38    | 0.04%             | 2049-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS CAMPBELLS CO                                                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-7990.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                         | JPMorgan Chase & Co                                                             | CUSIP: 46647PEU6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    650000 | PA      | $662083.49    | 0.14%             | 2029-01-24      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                  | Humana Inc                                                                      | CUSIP: 444859CB6<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    354000 | PA      | $333015.04    | 0.07%             | 2054-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                     | Imperial Brands Finance PLC                                                     | CUSIP: 45262BAJ2<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   1510000 | PA      | $1522158.58   | 0.31%             | 2028-06-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                            | Altria Group Inc                                                                | CUSIP: 02209SBM4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |   1249000 | PA      | $965775.60    | 0.20%             | 2041-02-04      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                     | Public Service Electric and Gas Co                                              | CUSIP: 74456QCG9<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    135000 | PA      | $88383.76     | 0.02%             | 2051-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                    | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599AX2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1020000 | PA      | $1020087.57   | 0.21%             | 2027-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                | UBS Group AG                                                                    | CUSIP: 902613BQ0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    208000 | PA      | $216288.24    | 0.04%             | 2036-05-09      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                  | Pfizer Inc                                                                      | CUSIP: 717081DK6<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    246000 | PA      | $219062.61    | 0.05%             | 2044-05-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                | NiSource Inc                                                                    | CUSIP: 65473QAX1<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    141000 | PA      | $145661.84    | 0.03%             | 2041-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                    | Vistra Operations Co LLC                                                        | CUSIP: 92840VAU6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2834000 | PA      | $2925147.11   | 0.60%             | 2034-12-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS KINDER MORGAN INC                                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $5604.79      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AES CORP/THE                                | AES Corp/The                                                                    | CUSIP: 00130HCE3<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    118000 | PA      | $117863.25    | 0.02%             | 2026-01-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                              | Lowe's Cos Inc                                                                  | CUSIP: 548661EX1<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    616000 | PA      | $610974.85    | 0.13%             | 2035-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| COTERRA ENERGY INC                          | Coterra Energy Inc                                                              | CUSIP: 127097AN3<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |    275000 | PA      | $264054.23    | 0.05%             | 2055-02-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                            | T-Mobile USA Inc                                                                | CUSIP: 87264ACT0<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    799000 | PA      | $537046.79    | 0.11%             | 2052-10-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                | UBS Group AG                                                                    | CUSIP: 225401BP2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    286000 | PA      | $283477.36    | 0.06%             | 2037-03-23      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                       | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CAY0<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    227000 | PA      | $214890.50    | 0.04%             | 2029-08-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                       | Uber Technologies Inc                                                           | CUSIP: 90353TAU4<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    119000 | PA      | $118371.57    | 0.02%             | 2035-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY FLORIDA LLC                     | Duke Energy Florida LLC                                                         | CUSIP: 26444HAF8<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |    252000 | PA      | $204803.83    | 0.04%             | 2048-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD                    | Cheniere Corpus Christi Holdings LLC                                            | CUSIP: 16412XAJ4<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |    693000 | PA      | $676770.92    | 0.14%             | 2029-11-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                  | Fiserv Inc                                                                      | CUSIP: 337738AU2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |     94000 | PA      | $91156.73     | 0.02%             | 2029-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS CDX.NA.IG.45.V1                                                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-151337.47   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                            | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526CP2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    244000 | PA      | $240044.16    | 0.05%             | 2027-11-16      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                    | CenterPoint Energy Houston Electric LLC                                         | CUSIP: 15189XBH0<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    149000 | PA      | $150061.44    | 0.03%             | 2035-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                | NiSource Inc                                                                    | CUSIP: 65473PAU9<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     89000 | PA      | $88719.51     | 0.02%             | 2055-04-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 912810UN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $5048437.50   | 1.04%             | 2045-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DOC DR LLC                                  | DOC DR LLC                                                                      | CUSIP: 71951QAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    349000 | PA      | $313774.39    | 0.06%             | 2031-11-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PEF5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1267000 | PA      | $855142.24    | 0.18%             | 2051-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                    | EQT Corp                                                                        | CUSIP: 26884LAR0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   2217000 | PA      | $2315978.14   | 0.48%             | 2034-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                           | Ares Capital Corp                                                               | CUSIP: 04010LBH5<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    533000 | PA      | $538236.36    | 0.11%             | 2032-03-08      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                          | Ally Financial Inc                                                              | CUSIP: 02005NCA6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1590000 | PA      | $1601639.64   | 0.33%             | 2033-07-31      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| OHIO POWER COMPANY                          | Ohio Power Co                                                                   | CUSIP: 199575AT8<br>LEI: 06ZODLC132CY1O2Y7D77 | Long             | DBT              | CORP              | US        |    194000 | PA      | $212905.81    | 0.04%             | 2033-03-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | CDS VERIZON COMMUNICATIONS INC                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $7275.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1683350.29   | 0.35%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                 | Oracle Corp                                                                     | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1169538.77   | 0.24%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                    | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BW3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1308000 | PA      | $1362778.97   | 0.28%             | 2028-08-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                    | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748BQ4<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    146000 | PA      | $92422.96     | 0.02%             | 2051-12-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                       | Blue Owl Capital Corp                                                           | CUSIP: 69121KAH7<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |   1379000 | PA      | $1391658.23   | 0.29%             | 2029-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 91282CPP0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6600000 | PA      | $6592265.59   | 1.36%             | 2028-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CRH AMERICA FINANCE INC                     | CRH America Finance Inc                                                         | CUSIP: 12636YAD4<br>LEI: 549300WEVUODRJ4CWK56 | Long             | DBT              | CORP              | US        |    306000 | PA      | $260645.91    | 0.05%             | 2048-04-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                              | NRG Energy Inc                                                                  | CUSIP: 629377CL4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    360000 | PA      | $358410.71    | 0.07%             | 2029-06-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                         | Invitation Homes Operating Partnership LP                                       | CUSIP: 46188BAH5<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    109000 | PA      | $110582.76    | 0.02%             | 2033-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                            | Peruvian Government International Bond                                          | CUSIP: 715638DQ2<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    971000 | PA      | $528224.00    | 0.11%             | 2060-12-01      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR ULTRA                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        76 | NC      | $2195.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                         | Elevance Health Inc                                                             | CUSIP: 94973VAL1<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    229000 | PA      | $242274.47    | 0.05%             | 2036-01-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                | UBS Group AG                                                                    | CUSIP: 225401AU2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1350000 | PA      | $1252492.50   | 0.26%             | 2032-05-14      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                            | Societe Generale SA                                                             | CUSIP: 83368RCH3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1702000 | PA      | $1736259.54   | 0.36%             | 2029-05-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA TRUST                           | Transcanada Trust                                                               | CUSIP: 89356BAB4<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |   1835000 | PA      | $1837246.04   | 0.38%             | 2076-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK                     | Morgan Stanley Private Bank NA                                                  | CUSIP: 61776NVG5<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |    431000 | PA      | $436903.64    | 0.09%             | 2031-07-18      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                         | Southern California Edison Co                                                   | CUSIP: 842400GY3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    683000 | PA      | $416149.07    | 0.09%             | 2051-02-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV FIN                    | Anheuser-Busch InBev Finance Inc                                                | CUSIP: 03524BAF3<br>LEI: 5493000EYEKDT0FBSQ91 | Long             | DBT              | CORP              | US        |    120000 | PA      | $107822.52    | 0.02%             | 2044-02-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                              | Air Lease Corp                                                                  | CUSIP: 00914AAM4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   2393000 | PA      | $2357536.10   | 0.49%             | 2026-08-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                        | Lockheed Martin Corp                                                            | CUSIP: 539830BD0<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    242000 | PA      | $194076.14    | 0.04%             | 2045-03-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| HCA INC                                     | HCA Inc                                                                         | CUSIP: 404121AL9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     93000 | PA      | $91874.42     | 0.02%             | 2054-09-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS FORD MOTOR CO                                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $25741.02     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                    | Capital One Financial Corp                                                      | CUSIP: 14040HDM4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   2025000 | PA      | $2022029.87   | 0.42%             | 2031-09-11      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| LAM RESEARCH CORP                           | Lam Research Corp                                                               | CUSIP: 512807AW8<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |    131000 | PA      | $84974.88     | 0.02%             | 2050-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                            | Crown Castle Inc                                                                | CUSIP: 22822VAV3<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   1911000 | PA      | $1879396.28   | 0.39%             | 2026-07-15      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                          | VICI Properties LP                                                              | CUSIP: 925650AH6<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    363000 | PA      | $367730.09    | 0.08%             | 2031-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                    | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2020000 | PA      | $1321134.62   | 0.27%             | 2061-12-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| PUB SVC ELEC & GAS                          | Public Service Electric and Gas Co                                              | CUSIP: 74456QAQ9<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |     94000 | PA      | $99368.86     | 0.02%             | 2036-12-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PCD2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    140000 | PA      | $120045.93    | 0.02%             | 2043-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308JN8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    177000 | PA      | $149606.09    | 0.03%             | 2050-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                         | Bank of Nova Scotia/The                                                         | CUSIP: 0641598V1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    421000 | PA      | $450815.64    | 0.09%             | 2084-01-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                | Comcast Corp                                                                    | CUSIP: 20030NDL2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    977000 | PA      | $565986.92    | 0.12%             | 2051-01-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS VERIZON COMMUNICATIONS INC                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $24955.85     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                      | Diamondback Energy Inc                                                          | CUSIP: 25278XAR0<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   1044000 | PA      | $975526.33    | 0.20%             | 2031-03-24      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                  | AbbVie Inc                                                                      | CUSIP: 00287YAW9<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    310000 | PA      | $269446.88    | 0.06%             | 2046-05-14      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                    | Ford Motor Credit Co LLC                                                        | CUSIP: 345397H89<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    269000 | PA      | $265659.30    | 0.05%             | 2035-10-31      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                    | Ford Motor Credit Co LLC                                                        | CUSIP: 345397E25<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1710000 | PA      | $1758322.39   | 0.36%             | 2031-03-05      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                        | Kraft Heinz Foods Co                                                            | CUSIP: 50077LAM8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     98000 | PA      | $89867.10     | 0.02%             | 2045-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                       | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CBP8<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    355000 | PA      | $365484.53    | 0.08%             | 2030-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                    | Capital One Financial Corp                                                      | CUSIP: 14040HDN2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    659000 | PA      | $655675.95    | 0.13%             | 2036-09-11      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                            | Paramount Global                                                                | CUSIP: 92553PAU6<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    209000 | PA      | $172073.73    | 0.04%             | 2043-09-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                | Barclays PLC                                                                    | CUSIP: 06738EDC6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    370000 | PA      | $394779.64    | 0.08%             | N/A             | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                        | BAT International Finance PLC                                                   | CUSIP: 05530QAQ3<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |   1609000 | PA      | $1688369.73   | 0.35%             | 2029-02-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS FORD MOTOR CO                                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $36169.64     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AKTIENGESELLSCHAFT            | CDS AT&T INC                                                                    | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DCR              | CORP              | DE        |         1 | NC      | $3040.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CSX CORP                                    | CSX Corp                                                                        | CUSIP: 126408HC0<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    113000 | PA      | $87756.82     | 0.02%             | 2050-05-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                      | Daimler Truck Finance North America LLC                                         | CUSIP: 233853AY6<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    227000 | PA      | $230637.75    | 0.05%             | 2027-09-25      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PFK3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     89000 | PA      | $88338.99     | 0.02%             | 2044-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EMBRAER NETHERLANDS FINA                    | Embraer Netherlands Finance BV                                                  | CUSIP: 29082HAE2<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |     34000 | PA      | $36002.60     | 0.01%             | 2035-02-11      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                       | Wells Fargo & Co                                                                | CUSIP: 95000U2Z5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1096000 | PA      | $943112.84    | 0.19%             | 2053-04-25      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Dreyfus Treasury Securities Cash Management | Dreyfus Treasury Securities Cash Management                                     | CUSIP: 261941108<br>LEI: 549300U78VESCW509025 | Long             | STIV             | RF                | US        |   6801069 | NS      | $6801068.77   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC SERVICE COLORADO                     | Public Service Co of Colorado                                                   | CUSIP: 744448CJ8<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |    145000 | PA      | $116616.94    | 0.02%             | 2043-03-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                | QUALCOMM Inc                                                                    | CUSIP: 747525AJ2<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |     91000 | PA      | $91376.50     | 0.02%             | 2035-05-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                    | Toyota Motor Credit Corp                                                        | CUSIP: 89236TMF9<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    175000 | PA      | $180513.45    | 0.04%             | 2029-05-16      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM                    | Amcor Flexibles North America Inc                                               | CUSIP: 02344AAH1<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |   1162000 | PA      | $1200270.67   | 0.25%             | 2035-03-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.             | CDS CDX.NA.IG.45.V1                                                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-59546.53    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                            | BAT Capital Corp                                                                | CUSIP: 054989AD0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    110000 | PA      | $124714.20    | 0.03%             | 2053-08-02      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                    | Sabine Pass Liquefaction LLC                                                    | CUSIP: 785592AU0<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    101000 | PA      | $101099.33    | 0.02%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                         | Global Payments Inc                                                             | CUSIP: 891906AC3<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1125226.07   | 0.23%             | 2026-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 292480AJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    289000 | PA      | $250506.50    | 0.05%             | 2044-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                 | Oracle Corp                                                                     | CUSIP: 68389XBJ3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1663000 | PA      | $1152776.10   | 0.24%             | 2046-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                           | HSBC Holdings PLC                                                               | CUSIP: 404280EW5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $206055.36    | 0.04%             | 2031-05-13      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| EMBRAER NETHERLANDS FINA                    | Embraer Netherlands Finance BV                                                  | CUSIP: 29082HAF9<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |   2063000 | PA      | $2033086.50   | 0.42%             | 2038-01-09      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                       | Mexico Government International Bond                                            | CUSIP: 91087BBD1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   2443000 | PA      | $2628668.00   | 0.54%             | 2055-05-13      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ASSOC BANC-CORP                             | Associated Banc-Corp                                                            | CUSIP: 045487AD7<br>LEI: 549300N3CIN473IW5094 | Long             | DBT              | CORP              | US        |   1470000 | PA      | $1526051.95   | 0.31%             | 2030-08-29      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                      | Diamondback Energy Inc                                                          | CUSIP: 25278XAT6<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    567000 | PA      | $440711.05    | 0.09%             | 2052-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | CDS VERIZON COMMUNICATIONS INC                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $25860.37     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                    | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748BN1<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    159000 | PA      | $145180.69    | 0.03%             | 2030-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| HOAG MEMORIAL HOSPITAL                      | Hoag Memorial Hospital Presbyterian                                             | CUSIP: 43371HAA1<br>LEI: FZFVQHQN7LISVXIZDB30 | Long             | DBT              | CORP              | US        |    138000 | PA      | $104522.67    | 0.02%             | 2052-07-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK                     | Morgan Stanley Private Bank NA                                                  | CUSIP: 61776NVE0<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1187948.95   | 0.24%             | 2028-07-06      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                    | Enterprise Products Operating LLC                                               | CUSIP: 29379VBN2<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   1846000 | PA      | $1842840.39   | 0.38%             | 2077-08-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                      | General Motors Financial Co Inc                                                 | CUSIP: 37045XDK9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    962000 | PA      | $951117.86    | 0.20%             | 2026-06-10      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                       | Mexico Government International Bond                                            | CUSIP: 91087BAB6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    504000 | PA      | $379512.00    | 0.08%             | 2047-01-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                      | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KCB4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    829000 | PA      | $810493.49    | 0.17%             | 2082-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| AON CORP                                    | Aon Corp                                                                        | CUSIP: 037389AU7<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | DBT              | CORP              | US        |    178000 | PA      | $194174.90    | 0.04%             | 2040-09-30      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                       | Foundry JV Holdco LLC                                                           | CUSIP: 350930AD5<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    621000 | PA      | $658503.01    | 0.14%             | 2035-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                       | Norfolk Southern Corp                                                           | CUSIP: 655844CV8<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    323000 | PA      | $329902.71    | 0.07%             | 2035-05-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 5YR NOTE (CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -91 | NC      | $-2067.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV                     | Fidelity National Information Services Inc                                      | CUSIP: 31620MAU0<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |     59000 | PA      | $49019.20     | 0.01%             | 2046-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CONSUMERS ENERGY CO                         | Consumers Energy Co                                                             | CUSIP: 210518DF0<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |    244000 | PA      | $162936.83    | 0.03%             | 2050-08-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION EN GEN LLC                    | Constellation Energy Generation LLC                                             | CUSIP: 210385AF7<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    147000 | PA      | $145862.00    | 0.03%             | 2054-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                            | Welltower OP LLC                                                                | CUSIP: 95040QAP9<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |    754000 | PA      | $685941.26    | 0.14%             | 2032-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP                              | Solventum Corp                                                                  | CUSIP: 83444MAP6<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    474000 | PA      | $490912.23    | 0.10%             | 2029-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                        | M&T Bank Corp                                                                   | CUSIP: 55261FAY0<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    312000 | PA      | $320306.79    | 0.07%             | 2031-07-08      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1721000 | PA      | $1734970.30   | 0.36%             | 2028-05-07      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                         | Global Payments Inc                                                             | CUSIP: 37940XAE2<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    304000 | PA      | $302580.74    | 0.06%             | 2026-03-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                | Comcast Corp                                                                    | CUSIP: 20030NCE9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    259000 | PA      | $190982.46    | 0.04%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                              | Air Lease Corp                                                                  | CUSIP: 00914AAJ1<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    596000 | PA      | $595678.46    | 0.12%             | 2026-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC      | CDS PETROLEOS MEXICANOS                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $-42360.51    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 86765BAV1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    111000 | PA      | $99749.36     | 0.02%             | 2047-10-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                    | Capital One Financial Corp                                                      | CUSIP: 14040HCF0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    162000 | PA      | $160052.66    | 0.03%             | N/A             | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYJ7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    163000 | PA      | $145984.68    | 0.03%             | 2032-07-21      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                            | NTT Finance Corp                                                                | CUSIP: 62954WAQ8<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    735000 | PA      | $744775.57    | 0.15%             | 2028-07-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                     | American Electric Power Co Inc                                                  | CUSIP: 02557TAE9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    925000 | PA      | $918303.41    | 0.19%             | 2056-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                      | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BU8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    226000 | PA      | $255747.70    | 0.05%             | 2034-10-20      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                | Centene Corp                                                                    | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   3136000 | PA      | $2885855.08   | 0.59%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                     | America Movil SAB de CV                                                         | CUSIP: 02364WBG9<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    221000 | PA      | $185432.26    | 0.04%             | 2049-04-22      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                    | EQT Corp                                                                        | CUSIP: 26884LAN9<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    614000 | PA      | $577396.05    | 0.12%             | 2031-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| INTERSTATE POWER & LIGHT                    | Interstate Power and Light Co                                                   | CUSIP: 461070AX2<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |    223000 | PA      | $232078.76    | 0.05%             | 2035-06-29      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR NOTE (CBT)                                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -82 | NC      | $4886.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                            | Altria Group Inc                                                                | CUSIP: 02209SAV5<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    155000 | PA      | $116491.02    | 0.02%             | 2046-09-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AEGON FUNDING CO LLC                        | AEGON Funding Co LLC                                                            | CUSIP: 00775VAA2<br>LEI: KEIOKM01PSK5VZ5CCI74 | Long             | DBT              | CORP              | US        |   1807000 | PA      | $1835514.86   | 0.38%             | 2027-04-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LIMITED                       | Vale Overseas Ltd                                                               | CUSIP: 91911TAQ6<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |    346000 | PA      | $332291.48    | 0.07%             | 2030-07-08      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                  | PacifiCorp                                                                      | CUSIP: 695114CW6<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    153000 | PA      | $140535.94    | 0.03%             | 2030-09-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                     | American Electric Power Co Inc                                                  | CUSIP: 02557TAF6<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    445000 | PA      | $437225.83    | 0.09%             | 2056-03-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GZM9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1515000 | PA      | $1395656.74   | 0.29%             | 2033-02-24      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                    | Toyota Motor Credit Corp                                                        | CUSIP: 89236TNJ0<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    508000 | PA      | $521241.12    | 0.11%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                          | Ford Motor Co                                                                   | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    535000 | PA      | $471424.82    | 0.10%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                         | Synchrony Financial                                                             | CUSIP: 87165BAX1<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    174000 | PA      | $176189.57    | 0.04%             | 2029-07-29      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| ALABAMA POWER CO                            | Alabama Power Co                                                                | CUSIP: 010392FR4<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |    605000 | PA      | $461752.85    | 0.10%             | 2047-12-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS BOEING CO                                                                   | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $17565.31     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                      | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BW4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     93000 | PA      | $98033.97     | 0.02%             | 2035-01-22      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                | Centene Corp                                                                    | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    215000 | PA      | $192325.66    | 0.04%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    579000 | PA      | $576980.74    | 0.12%             | N/A             | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MEMORIAL HEALTH SERVICES                    | Memorial Health Services                                                        | CUSIP: 58601VAC6<br>LEI: 549300FTIZOMIONZZ882 | Long             | DBT              | CORP              | US        |    191000 | PA      | $135621.42    | 0.03%             | 2049-11-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| VENTAS REALTY LP                            | Ventas Realty LP                                                                | CUSIP: 92277GBA4<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   1102000 | PA      | $1103350.39   | 0.23%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                    | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6028000 | PA      | $3627211.98   | 0.75%             | 2062-06-30      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38144GAG6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    197000 | PA      | $194169.21    | 0.04%             | N/A             | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                  | Pfizer Inc                                                                      | CUSIP: 717081DE0<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    355000 | PA      | $309929.58    | 0.06%             | 2043-06-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                  | AbbVie Inc                                                                      | CUSIP: 00287YAS8<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    130000 | PA      | $117562.66    | 0.02%             | 2045-05-14      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 91282CPK1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4500000 | PA      | $4495078.13   | 0.93%             | 2028-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS AT&T INC                                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $2387.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308KT3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    142000 | PA      | $136093.56    | 0.03%             | 2054-10-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308HN0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    405000 | PA      | $317030.40    | 0.07%             | 2046-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                               | Amphenol Corp                                                                   | CUSIP: 032095AH4<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    817000 | PA      | $824913.13    | 0.17%             | 2029-06-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                      | CenterPoint Energy Inc                                                          | CUSIP: 15189TBP1<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    113000 | PA      | $115872.23    | 0.02%             | 2055-05-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| TELUS CORP                                  | TELUS Corp                                                                      | CUSIP: 87971MCQ4<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |    587000 | PA      | $587973.89    | 0.12%             | 2056-06-09      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AT&T REIGN II LB PTT                        | AT&T Reign II Multi-Property Lease-Backed Pass-Through Trust                    | CUSIP: 046912AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1935000 | PA      | $1954306.85   | 0.40%             | 2044-12-15      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                      | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KDJ6<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    114000 | PA      | $117606.56    | 0.02%             | 2030-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                    | Ford Motor Credit Co LLC                                                        | CUSIP: 345397C27<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    418000 | PA      | $419517.59    | 0.09%             | 2027-05-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV                     | Fidelity National Information Services Inc                                      | CUSIP: 31620MBU9<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |    535000 | PA      | $396747.77    | 0.08%             | 2041-03-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                | Broadcom Inc                                                                    | CUSIP: 11135FCD1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    212000 | PA      | $212407.68    | 0.04%             | 2034-10-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS CONAGRA BRANDS INC                                                          | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-1822.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ALGONQUIN PWR & UTILITY                     | Algonquin Power & Utilities Corp                                                | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   1715000 | PA      | $1723089.47   | 0.35%             | 2026-06-15      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 06051GGR4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    340000 | PA      | $337656.59    | 0.07%             | 2028-07-21      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                         | American Express Co                                                             | CUSIP: 025816DZ9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    403000 | PA      | $418583.89    | 0.09%             | 2036-01-30      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                   | Amgen Inc                                                                       | CUSIP: 031162CY4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    349000 | PA      | $207071.10    | 0.04%             | 2053-09-01      | Fixed         | 2.77%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                | Synopsys Inc                                                                    | CUSIP: 871607AG2<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    495000 | PA      | $491034.67    | 0.10%             | 2055-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                    | Capital One Financial Corp                                                      | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    390000 | PA      | $407114.31    | 0.08%             | 2036-01-30      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| LAM RESEARCH CORP                           | Lam Research Corp                                                               | CUSIP: 512807AT5<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |    139000 | PA      | $127114.02    | 0.03%             | 2049-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                            | Berry Global Inc                                                                | CUSIP: 08576PAH4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1819000 | PA      | $1817178.00   | 0.37%             | 2026-01-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                  | Pfizer Inc                                                                      | CUSIP: 717081FF5<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    645000 | PA      | $646928.30    | 0.13%             | 2035-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                         | Southern California Edison Co                                                   | CUSIP: 842400JF1<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    735000 | PA      | $736180.13    | 0.15%             | 2026-09-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS FORD MOTOR CO                                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $17217.74     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                          | Credit Agricole SA                                                              | CUSIP: 22535WAH0<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   1096000 | PA      | $1093699.90   | 0.23%             | 2027-01-26      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                | Broadcom Inc                                                                    | CUSIP: 11135FCC3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145404.27    | 0.03%             | 2032-02-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                      | Diamondback Energy Inc                                                          | CUSIP: 25278XAW9<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90859.41     | 0.02%             | 2053-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| INTERSTATE POWER & LIGHT                    | Interstate Power and Light Co                                                   | CUSIP: 461070AV6<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |    173000 | PA      | $172232.29    | 0.04%             | 2034-09-30      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                  | AbbVie Inc                                                                      | CUSIP: 00287YDV8<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     97000 | PA      | $95857.44     | 0.02%             | 2044-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                    | AT&T Inc                                                                        | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    104000 | PA      | $69599.32     | 0.01%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                      | CenterPoint Energy Inc                                                          | CUSIP: 15189TBS5<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   1160000 | PA      | $1168846.16   | 0.24%             | 2056-04-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                            | Deutsche Bank AG/New York NY                                                    | CUSIP: 25160PAH0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    581000 | PA      | $571385.40    | 0.12%             | 2028-01-07      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| ENEL AMERICAS SA                            | Enel Americas SA                                                                | CUSIP: 29274FAF1<br>LEI: 549300LKH11TFCJLZK20 | Long             | DBT              | CORP              | CL        |    232000 | PA      | $231083.60    | 0.05%             | 2026-10-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                      | Verizon Communications Inc                                                      | CUSIP: 92343VHJ6<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    205000 | PA      | $202540.28    | 0.04%             | 2055-11-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS CONAGRA BRANDS INC                                                          | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-3833.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | CDS VERIZON COMMUNICATIONS INC                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $5610.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                         | American Tower Corp                                                             | CUSIP: 03027XBW9<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |     97000 | PA      | $94414.86     | 0.02%             | 2032-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                    | EQT Corp                                                                        | CUSIP: 26884LAM1<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1382000 | PA      | $1374105.49   | 0.28%             | 2026-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                         | Global Payments Inc                                                             | CUSIP: 37940XAD4<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     93000 | PA      | $86271.47     | 0.02%             | 2030-05-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| TELUS CORP                                  | TELUS Corp                                                                      | CUSIP: 87971MCR2<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |    720000 | PA      | $719296.11    | 0.15%             | 2056-06-09      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                      | Extra Space Storage LP                                                          | CUSIP: 30225VAU1<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |    238000 | PA      | $243984.78    | 0.05%             | 2035-06-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                     | Simon Property Group LP                                                         | CUSIP: 828807EA1<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |    837000 | PA      | $849558.84    | 0.17%             | 2035-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                    | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     92000 | PA      | $63824.15     | 0.01%             | 2042-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                          | Ford Motor Co                                                                   | CUSIP: 345370CA6<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    346000 | PA      | $382504.29    | 0.08%             | 2031-07-16      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                    | Cheniere Energy Partners LP                                                     | CUSIP: 16411QAV3<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    181000 | PA      | $185050.45    | 0.04%             | 2035-10-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                       | Mexico Government International Bond                                            | CUSIP: 91086QAV0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    168000 | PA      | $167227.20    | 0.03%             | 2040-01-11      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS CAMPBELLS CO                                                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-39993.43    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ANALOG DEVICES INC                          | Analog Devices Inc                                                              | CUSIP: 032654AK1<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |    110000 | PA      | $107249.82    | 0.02%             | 2045-12-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                    | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BR4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    601000 | PA      | $618793.17    | 0.13%             | 2027-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                            | Welltower OP LLC                                                                | CUSIP: 95041AAF5<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |   1835000 | PA      | $1855453.83   | 0.38%             | 2030-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                       | Wells Fargo & Co                                                                | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2262000 | PA      | $2334843.48   | 0.48%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                    | RTX Corp                                                                        | CUSIP: 75513ECL3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    949000 | PA      | $591850.73    | 0.12%             | 2051-09-01      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| INTERSTATE POWER & LIGHT                    | Interstate Power and Light Co                                                   | CUSIP: 461070AU8<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |    111000 | PA      | $116454.73    | 0.02%             | 2033-10-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                     | GLP Capital LP / GLP Financing II Inc                                           | CUSIP: 361841AL3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    410000 | PA      | $417136.29    | 0.09%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                            | Deutsche Bank AG/New York NY                                                    | CUSIP: 25160PAG2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $185770.83    | 0.04%             | 2033-01-07      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                            | Ryder System Inc                                                                | CUSIP: 78355HLA5<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |     94000 | PA      | $95344.89     | 0.02%             | 2027-03-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LIMITED                       | Vale Overseas Ltd                                                               | CUSIP: 91911TAS2<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |    563000 | PA      | $574541.50    | 0.12%             | 2054-06-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS KINDER MORGAN INC                                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $7815.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                        | Raizen Fuels Finance SA                                                         | CUSIP: 75102XAC0<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |    871000 | PA      | $664137.50    | 0.14%             | 2054-03-05      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                    | Eagle Funding Luxco Sarl                                                        | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |   4495000 | PA      | $4571415.00   | 0.94%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                  | AbbVie Inc                                                                      | CUSIP: 00287YDW6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    688000 | PA      | $668854.56    | 0.14%             | 2054-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                               | AppLovin Corp                                                                   | CUSIP: 03831WAE8<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    951000 | PA      | $941870.69    | 0.19%             | 2054-12-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                    | Florida Power & Light Co                                                        | CUSIP: 341081FE2<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    112000 | PA      | $112641.48    | 0.02%             | 2041-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308KV8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    541000 | PA      | $535196.70    | 0.11%             | 2055-03-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                     | Kinder Morgan Energy Partners LP                                                | CUSIP: 28370TAF6<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    272000 | PA      | $240107.29    | 0.05%             | 2042-11-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| NVIDIA CORP                                 | NVIDIA Corp                                                                     | CUSIP: 67066GAG9<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |    710000 | PA      | $599927.13    | 0.12%             | 2040-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308HR1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    670000 | PA      | $501832.22    | 0.10%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                          | Realty Income Corp                                                              | CUSIP: 756109AT1<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |     93000 | PA      | $82082.91     | 0.02%             | 2047-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS AT&T INC                                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $11249.92     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                            | Ryder System Inc                                                                | CUSIP: 78355HKU2<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    246000 | PA      | $246915.52    | 0.05%             | 2027-06-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                          | Expand Energy Corp                                                              | CUSIP: 845467AS8<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |   3161000 | PA      | $3203953.37   | 0.66%             | 2030-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                 | BNP Paribas SA                                                                  | CUSIP: 09659W3C6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1726000 | PA      | $1745170.03   | 0.36%             | 2029-05-09      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                     | Simon Property Group LP                                                         | CUSIP: 828807DY0<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89509.82     | 0.02%             | 2034-09-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FNB CORP                                    | FNB Corp/PA                                                                     | CUSIP: 302520AD3<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | DBT              | CORP              | US        |    912000 | PA      | $930727.60    | 0.19%             | 2030-12-11      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                         | Dominion Energy Inc                                                             | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |     83000 | PA      | $85527.93     | 0.02%             | 2055-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                  | AbbVie Inc                                                                      | CUSIP: 00287YCA5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    266000 | PA      | $237448.71    | 0.05%             | 2039-11-21      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                | NiSource Inc                                                                    | CUSIP: 65473PAM7<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     97000 | PA      | $85809.06     | 0.02%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                    | Cheniere Energy Partners LP                                                     | CUSIP: 16411QAS0<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    291000 | PA      | $303838.31    | 0.06%             | 2034-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KEY BANK NA                                 | KeyBank NA/Cleveland OH                                                         | CUSIP: 49327V2B9<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    557000 | PA      | $546592.22    | 0.11%             | 2029-04-13      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS CONAGRA BRANDS INC                                                          | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-5166.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MOUNT NITTANY MED CTR                       | Mount Nittany Medical Center Obligated Group                                    | CUSIP: 62213LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $104122.58    | 0.02%             | 2052-11-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY DEDICATE              | Metropolitan Transportation Authority Dedicated Tax Fund                        | CUSIP: 59259NZH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $1158093.56   | 0.24%             | 2039-11-15      | Fixed         | 7.34%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                             | CMS Energy Corp                                                                 | CUSIP: 125896BR0<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    259000 | PA      | $255504.89    | 0.05%             | 2027-02-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                         | JPMorgan Chase & Co                                                             | CUSIP: 48128BAN1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    127000 | PA      | $126284.34    | 0.03%             | N/A             | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                          | Macquarie Bank Ltd                                                              | CUSIP: 55608PBX1<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |   1272000 | PA      | $1284794.62   | 0.26%             | 2028-06-12      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                    | Baxter International Inc                                                        | CUSIP: 071813CS6<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    665000 | PA      | $579489.83    | 0.12%             | 2032-02-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| AEP TRANSMISSION CO LLC                     | AEP Transmission Co LLC                                                         | CUSIP: 00115AAR0<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |    141000 | PA      | $143747.95    | 0.03%             | 2034-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                | Comcast Corp                                                                    | CUSIP: 20030NDS7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    290000 | PA      | $169590.09    | 0.03%             | 2051-11-01      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                           | L3Harris Technologies Inc                                                       | CUSIP: 502431AQ2<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    328000 | PA      | $341626.73    | 0.07%             | 2033-07-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                        | M&T Bank Corp                                                                   | CUSIP: 55261FAT1<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    104000 | PA      | $110476.25    | 0.02%             | 2032-03-13      | Fixed         | 6.08%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS CDX.NA.IG.45.V1                                                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-15553.60    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                              | Air Lease Corp                                                                  | CUSIP: 00914AAW2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    730000 | PA      | $733651.46    | 0.15%             | 2026-06-25      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                     | Nationwide Building Society                                                     | CUSIP: 63861VAM9<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   1315000 | PA      | $1327489.54   | 0.27%             | 2029-07-14      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                          | Expand Energy Corp                                                              | CUSIP: 165167DG9<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |   4576000 | PA      | $4576323.16   | 0.94%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CONSUMERS ENERGY CO                         | Consumers Energy Co                                                             | CUSIP: 210518DA1<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |    234000 | PA      | $186678.23    | 0.04%             | 2047-07-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                              | Morgan Stanley                                                                  | CUSIP: 61747YFZ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2049000 | PA      | $2112666.38   | 0.43%             | 2031-04-17      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 172967KM2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    286000 | PA      | $286271.27    | 0.06%             | N/A             | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                      | Daimler Truck Finance North America LLC                                         | CUSIP: 233853AM2<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    791000 | PA      | $787078.35    | 0.16%             | 2027-04-07      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                         | Gilead Sciences Inc                                                             | CUSIP: 375558BK8<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    126000 | PA      | $104642.19    | 0.02%             | 2047-03-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| STRIPE INC                                  | STRIPE INC                                                                      | CUSIP: 000000000<br>LEI: 549300CLHGIPTCYHQ143 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1602080.00   | 0.33%             | 2030-09-26      | Fixed         | 5.04%                 | Yes           |                  3 | On Loan: No      |
| EXPAND ENERGY CORP                          | Expand Energy Corp                                                              | CUSIP: 845467AR0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |   5437000 | PA      | $5437111.78   | 1.12%             | 2029-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              | CORP              | US        |   6850000 | NC      | $19082.59     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                     | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc                     | CUSIP: 03522AAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    327000 | PA      | $302438.85    | 0.06%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                       | Foundry JV Holdco LLC                                                           | CUSIP: 350930AJ2<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    233000 | PA      | $244836.75    | 0.05%             | 2037-01-25      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                            | BAT Capital Corp                                                                | CUSIP: 05526DBF1<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   1113000 | PA      | $923263.23    | 0.19%             | 2047-08-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                 | BNP Paribas SA                                                                  | CUSIP: 05602XQR2<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1205000 | PA      | $1210171.86   | 0.25%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                | Broadcom Inc                                                                    | CUSIP: 11135FBY6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1219000 | PA      | $1264650.53   | 0.26%             | 2031-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                              | Eli Lilly & Co                                                                  | CUSIP: 532457CS5<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    100000 | PA      | $93667.08     | 0.02%             | 2054-08-14      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| PECO ENERGY CO                              | PECO Energy Co                                                                  | CUSIP: 693304BC0<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |    144000 | PA      | $89755.90     | 0.02%             | 2051-09-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                         | Global Payments Inc                                                             | CUSIP: 37940XAB8<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    255000 | PA      | $243152.96    | 0.05%             | 2029-08-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| AEP TRANSMISSION CO LLC                     | AEP Transmission Co LLC                                                         | CUSIP: 00115AAS8<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |    107000 | PA      | $110357.41    | 0.02%             | 2035-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                            | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526CV9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    254000 | PA      | $257986.33    | 0.05%             | 2028-02-08      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS CONAGRA BRANDS INC                                                          | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-1822.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DUKE ENERGY KENTUCKY INC                    | DUKE ENERGY KENTUCKY INC                                                        | CUSIP: 000000000<br>LEI: 8DFCA0P2BKMHOESX4E68 | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1660500.00   | 0.34%             | 2035-09-15      | Fixed         | 6.01%                 | Yes           |                  3 | On Loan: No      |
| PARAMOUNT GLOBAL                            | Paramount Global                                                                | CUSIP: 124857AK9<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    112000 | PA      | $80375.29     | 0.02%             | 2044-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                  | Fiserv Inc                                                                      | CUSIP: 337738BQ0<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    695000 | PA      | $693443.55    | 0.14%             | 2035-08-11      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                       | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CBH6<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    124000 | PA      | $89087.19     | 0.02%             | 2052-03-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| ANALOG DEVICES INC                          | Analog Devices Inc                                                              | CUSIP: 032654AW5<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |    123000 | PA      | $90720.96     | 0.02%             | 2041-10-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                            | Welltower OP LLC                                                                | CUSIP: 95040QAN4<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |     93000 | PA      | $87659.54     | 0.02%             | 2029-01-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                         | Synchrony Financial                                                             | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    807000 | PA      | $866888.53    | 0.18%             | 2033-02-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                   | Boeing Co/The                                                                   | CUSIP: 097023CR4<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1295000 | PA      | $916441.78    | 0.19%             | 2059-08-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                        | M&T Bank Corp                                                                   | CUSIP: 55261FAV6<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    983000 | PA      | $998877.62    | 0.21%             | 2036-01-16      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                | Comcast Corp                                                                    | CUSIP: 20030NDU2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1367000 | PA      | $768083.00    | 0.16%             | 2056-11-01      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 2YR NOTE (CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       332 | NC      | $27201.06     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                             | DTE Electric Co                                                                 | CUSIP: 23338VAF3<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    112000 | PA      | $86016.39     | 0.02%             | 2046-06-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                | Comcast Corp                                                                    | CUSIP: 20030NBQ3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    621000 | PA      | $527404.66    | 0.11%             | 2045-08-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                                 | Nutrien Ltd                                                                     | CUSIP: 67077MAE8<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |    289000 | PA      | $288889.64    | 0.06%             | 2026-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PINNACLE WEST CAPITAL                       | Pinnacle West Capital Corp                                                      | CUSIP: 723484AN1<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |   1063000 | PA      | $1095328.50   | 0.23%             | 2030-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| KUWAIT INTL BOND                            | Kuwait International Government Bond                                            | CUSIP: 501499AE7<br>LEI: 549300FSC1YD0D9XX589 | Long             | DBT              | NUSS              | KW        |   3024000 | PA      | $3015623.52   | 0.62%             | 2030-10-09      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                     | Simon Property Group LP                                                         | CUSIP: 828807DZ7<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |    943000 | PA      | $949765.45    | 0.20%             | 2030-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                | Alphabet Inc                                                                    | CUSIP: 02079KBA4<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    425000 | PA      | $416910.81    | 0.09%             | 2055-11-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| NVIDIA CORP                                 | NVIDIA Corp                                                                     | CUSIP: 67066GAH7<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |    380000 | PA      | $281218.30    | 0.06%             | 2050-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK                    | Huntington National Bank/The                                                    | CUSIP: 44644MAK7<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1088911.88   | 0.22%             | 2028-04-12      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                            | Ryder System Inc                                                                | CUSIP: 78355HKT5<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    565000 | PA      | $557655.95    | 0.11%             | 2027-03-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC      | CDS PETROLEOS MEXICANOS                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $-35067.67    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ABBVIE INC                                  | AbbVie Inc                                                                      | CUSIP: 00287YDB2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     96000 | PA      | $87405.50     | 0.02%             | 2045-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                  | Pfizer Inc                                                                      | CUSIP: 717081EZ2<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    122000 | PA      | $89560.69     | 0.02%             | 2040-05-28      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PFC1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    188000 | PA      | $177387.07    | 0.04%             | 2054-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                    | Aptiv Swiss Holdings Ltd                                                        | CUSIP: 03835VAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    943000 | PA      | $605692.60    | 0.12%             | 2051-12-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                                  | VMware LLC                                                                      | CUSIP: 928563AL9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |   1897000 | PA      | $1685588.00   | 0.35%             | 2031-08-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 172967PU9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    464000 | PA      | $485989.32    | 0.10%             | 2036-01-24      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PEA6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    292000 | PA      | $176224.96    | 0.04%             | 2060-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                    | Cheniere Energy Partners LP                                                     | CUSIP: 16411QAQ4<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    591000 | PA      | $626680.35    | 0.13%             | 2033-06-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| 3M COMPANY                                  | 3M Co                                                                           | CUSIP: 88579YAZ4<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |    201000 | PA      | $149623.20    | 0.03%             | 2047-10-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| PECO ENERGY CO                              | PECO Energy Co                                                                  | CUSIP: 693304BE6<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |    311000 | PA      | $256180.13    | 0.05%             | 2052-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS FORD MOTOR CO                                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $15483.58     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS CONAGRA BRANDS INC                                                          | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-4685.84     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                     | Honeywell International Inc                                                     | CUSIP: 438516CR5<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    727000 | PA      | $751359.68    | 0.15%             | 2031-09-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                 | Prologis LP                                                                     | CUSIP: 74340XBS9<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |    106000 | PA      | $92748.28     | 0.02%             | 2031-03-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                | Broadcom Inc                                                                    | CUSIP: 11135FCY5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    469000 | PA      | $462784.16    | 0.10%             | 2036-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY INC                         | Cheniere Energy Inc                                                             | CUSIP: 16411RAN9<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |   1852000 | PA      | $1921227.72   | 0.40%             | 2034-04-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                         | American Express Co                                                             | CUSIP: 025816EH8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    104000 | PA      | $109809.97    | 0.02%             | 2036-04-25      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| ALABAMA POWER CO                            | Alabama Power Co                                                                | CUSIP: 010392FT0<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |    244000 | PA      | $173532.73    | 0.04%             | 2049-10-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                            | Welltower OP LLC                                                                | CUSIP: 95040QAH7<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |     87000 | PA      | $87150.69     | 0.02%             | 2029-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 06051GJA8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1768000 | PA      | $1416591.42   | 0.29%             | 2051-03-20      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                    | Santander UK Group Holdings PLC                                                 | CUSIP: 80281LAV7<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |   1378000 | PA      | $1436657.62   | 0.30%             | 2031-04-15      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                     | Kinder Morgan Energy Partners LP                                                | CUSIP: 494550BU9<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |     94000 | PA      | $90050.75     | 0.02%             | 2044-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS CDX.NA.IG.45.V1                                                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-155631.41   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| ARES STRATEGIC INCOME FU                    | Ares Strategic Income Fund                                                      | CUSIP: 04020EAG2<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86114.50     | 0.02%             | 2028-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC                         | DENTSPLY SIRONA Inc                                                             | CUSIP: 24906PAB5<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |    220000 | PA      | $205948.69    | 0.04%             | 2055-09-12      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO                            | Georgia Power Co                                                                | CUSIP: 373334KQ3<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    514000 | PA      | $520994.34    | 0.11%             | 2032-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ATMOS ENERGY CORP                           | Atmos Energy Corp                                                               | CUSIP: 049560AY1<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |    115000 | PA      | $116195.06    | 0.02%             | 2052-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OHIO POWER COMPANY                          | Ohio Power Co                                                                   | CUSIP: 677415CQ2<br>LEI: 06ZODLC132CY1O2Y7D77 | Long             | DBT              | CORP              | US        |    628000 | PA      | $495894.30    | 0.10%             | 2048-04-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    703000 | PA      | $715604.09    | 0.15%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                         | Elevance Health Inc                                                             | CUSIP: 036752BA0<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    390000 | PA      | $379296.70    | 0.08%             | 2054-06-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                        | Enel Finance International NV                                                   | CUSIP: 29278GAW8<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    701000 | PA      | $705798.65    | 0.15%             | 2027-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                      | CenterPoint Energy Inc                                                          | CUSIP: 15189TBH9<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    600000 | PA      | $625717.20    | 0.13%             | 2055-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                            | Paramount Global                                                                | CUSIP: 124857AR4<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |     92000 | PA      | $90504.15     | 0.02%             | 2027-01-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS PRUDENTIAL FINANCIAL INC                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $9549.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOEING CO                                   | Boeing Co/The                                                                   | CUSIP: 097023BS3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    274000 | PA      | $193781.71    | 0.04%             | 2046-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| OHIO POWER COMPANY                          | Ohio Power Co                                                                   | CUSIP: 677415CR0<br>LEI: 06ZODLC132CY1O2Y7D77 | Long             | DBT              | CORP              | US        |    270000 | PA      | $207446.09    | 0.04%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK                     | Morgan Stanley Private Bank NA                                                  | CUSIP: 61776NZT3<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   1430000 | PA      | $1433151.65   | 0.30%             | 2028-11-17      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| VENTAS REALTY LP                            | Ventas Realty LP                                                                | CUSIP: 92277GAX5<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |    212000 | PA      | $221514.06    | 0.05%             | 2034-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                          | Ally Financial Inc                                                              | CUSIP: 370425RZ5<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    561000 | PA      | $636505.73    | 0.13%             | 2031-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                    | Sabine Pass Liquefaction LLC                                                    | CUSIP: 785592AS5<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |     87000 | PA      | $87584.75     | 0.02%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY ENERG                    | Berkshire Hathaway Energy Co                                                    | CUSIP: 084659BC4<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |    342000 | PA      | $212149.64    | 0.04%             | 2051-05-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                     | Hyundai Capital America                                                         | CUSIP: 44891ADU8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    790000 | PA      | $798494.66    | 0.16%             | 2027-06-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AEP TRANSMISSION CO LLC                     | AEP Transmission Co LLC                                                         | CUSIP: 00115AAN9<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |    310000 | PA      | $190851.32    | 0.04%             | 2051-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                     | Honeywell International Inc                                                     | CUSIP: 438516CY0<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    728000 | PA      | $743998.54    | 0.15%             | 2030-02-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | CDS VERIZON COMMUNICATIONS INC                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $6609.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                             | CMS Energy Corp                                                                 | CUSIP: 125896BN9<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |     95000 | PA      | $84872.71     | 0.02%             | 2044-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                  | AbbVie Inc                                                                      | CUSIP: 00287YEB1<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     94000 | PA      | $94168.60     | 0.02%             | 2055-03-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                              | Morgan Stanley                                                                  | CUSIP: 6174468U6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    916000 | PA      | $804477.63    | 0.17%             | 2032-02-13      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                              | Lowe's Cos Inc                                                                  | CUSIP: 548661EJ2<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    630000 | PA      | $496353.91    | 0.10%             | 2052-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                       | Wells Fargo & Co                                                                | CUSIP: 94974BGT1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    341000 | PA      | $284913.03    | 0.06%             | 2046-06-14      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                           | Chile Government International Bond                                             | CUSIP: 168863DU9<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    338000 | PA      | $209560.00    | 0.04%             | 2071-09-21      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                | NiSource Inc                                                                    | CUSIP: 65473QBG7<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    113000 | PA      | $88130.61     | 0.02%             | 2048-03-30      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                              | Air Lease Corp                                                                  | CUSIP: 00914AAR3<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    423000 | PA      | $414358.62    | 0.09%             | 2027-01-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                    | RTX Corp                                                                        | CUSIP: 913017CA5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    246000 | PA      | $205313.63    | 0.04%             | 2045-05-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                    | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBS3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    580000 | PA      | $573065.77    | 0.12%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS FORD MOTOR CO                                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $15483.58     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                        | Glencore Funding LLC                                                            | CUSIP: 378272BQ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    186000 | PA      | $205425.94    | 0.04%             | 2033-10-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                        | Paraguay Government International Bond                                          | CUSIP: 699149AF7<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    320000 | PA      | $309400.00    | 0.06%             | 2048-03-13      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PCX8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    973000 | PA      | $798020.14    | 0.16%             | 2047-01-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                | Comcast Corp                                                                    | CUSIP: 20030NDP3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    767000 | PA      | $406731.05    | 0.08%             | 2052-08-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                     | Pfizer Investment Enterprises Pte Ltd                                           | CUSIP: 716973AG7<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    271000 | PA      | $256603.49    | 0.05%             | 2053-05-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                     | Kinder Morgan Energy Partners LP                                                | CUSIP: 494550BW5<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    126000 | PA      | $119045.93    | 0.02%             | 2044-09-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                    | Ford Motor Credit Co LLC                                                        | CUSIP: 345397H48<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    912000 | PA      | $926041.92    | 0.19%             | 2030-09-05      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE              | Port Authority of New York & New Jersey                                         | CUSIP: 73358WJA3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    385000 | PA      | $322601.13    | 0.07%             | 2062-10-01      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 86765BAP4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    495000 | PA      | $448963.89    | 0.09%             | 2044-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                      | CenterPoint Energy Inc                                                          | CUSIP: 15189TBJ5<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    188000 | PA      | $200498.24    | 0.04%             | 2055-02-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US LONG BOND(CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        75 | NC      | $-57283.62    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                 | Prologis LP                                                                     | CUSIP: 74340XCQ2<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |    247000 | PA      | $252486.98    | 0.05%             | 2031-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                    | Lloyds Banking Group PLC                                                        | CUSIP: 53944YAJ2<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    271000 | PA      | $273255.26    | 0.06%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                    | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 03523TBV9<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    418000 | PA      | $417084.98    | 0.09%             | 2049-01-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                              | Morgan Stanley                                                                  | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1644000 | PA      | $1663888.42   | 0.34%             | 2030-10-18      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                            | Ryder System Inc                                                                | CUSIP: 78355HKW8<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    681000 | PA      | $699066.18    | 0.14%             | 2028-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                            | Paramount Global                                                                | CUSIP: 92553PBB7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    177000 | PA      | $174029.00    | 0.04%             | 2026-10-04      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                      | Diamondback Energy Inc                                                          | CUSIP: 25278XAN9<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    807000 | PA      | $782853.50    | 0.16%             | 2029-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                                 | Netflix Inc                                                                     | CUSIP: 64110LAV8<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |   1972000 | PA      | $2021746.48   | 0.42%             | 2030-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GLENCORE CANADA CORP                        | Glencore Canada Corp                                                            | CUSIP: 655422AV5<br>LEI: 549300ED6C93BGYAS129 | Long             | DBT              | CORP              | CA        |    148000 | PA      | $157320.10    | 0.03%             | 2035-06-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                       | Wells Fargo & Co                                                                | CUSIP: 95000U4A8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1368899.64   | 0.28%             | 2029-09-15      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS AT&T INC                                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $2387.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                         | Dominion Energy Inc                                                             | CUSIP: 25746UDY2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    775000 | PA      | $784045.01    | 0.16%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                    | Florida Power & Light Co                                                        | CUSIP: 341081FL6<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    205000 | PA      | $170756.70    | 0.04%             | 2044-10-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                   | Boeing Co/The                                                                   | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    140000 | PA      | $137703.21    | 0.03%             | 2050-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                             | DTE Electric Co                                                                 | CUSIP: 23338VAJ5<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    176000 | PA      | $138195.22    | 0.03%             | 2049-03-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| PECO ENERGY CO                              | PECO Energy Co                                                                  | CUSIP: 693304AH0<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |     80000 | PA      | $86490.72     | 0.02%             | 2036-10-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 06051GKB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    138000 | PA      | $90422.44     | 0.02%             | 2052-07-21      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 29278NAD5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    174000 | PA      | $177207.22    | 0.04%             | 2038-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYU2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    183000 | PA      | $181241.79    | 0.04%             | N/A             | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 29278NAE3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     90000 | PA      | $87279.90     | 0.02%             | 2048-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PCZ3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    356000 | PA      | $293605.64    | 0.06%             | 2047-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $55457.19     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308HY6<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    406000 | PA      | $302262.19    | 0.06%             | 2047-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| KLA CORP                                    | KLA Corp                                                                        | CUSIP: 482480AH3<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |     12000 | PA      | $11046.83     | 0.00%             | 2049-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KEY BANK NA                                 | KeyBank NA/Cleveland OH                                                         | CUSIP: 49327V2C7<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    453000 | PA      | $452055.39    | 0.09%             | 2032-08-08      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ATMOS ENERGY CORP                           | Atmos Energy Corp                                                               | CUSIP: 049560AW5<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |    173000 | PA      | $107178.49    | 0.02%             | 2052-02-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                    | Saudi Government International Bond                                             | CUSIP: 80413TBJ7<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    925000 | PA      | $944656.25    | 0.19%             | 2028-01-13      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                       | Foundry JV Holdco LLC                                                           | CUSIP: 350930AH6<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   1961000 | PA      | $2050101.35   | 0.42%             | 2036-01-25      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                           | General Motors Co                                                               | CUSIP: 37045VBA7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   1711000 | PA      | $1782731.95   | 0.37%             | 2030-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                 | Oracle Corp                                                                     | CUSIP: 68389XBW4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    633000 | PA      | $469456.73    | 0.10%             | 2040-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| CONSUMERS ENERGY CO                         | Consumers Energy Co                                                             | CUSIP: 210518CZ7<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |    125000 | PA      | $90332.50     | 0.02%             | 2046-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TRANS-ALLEGHENY INTERSTA                    | Trans-Allegheny Interstate Line Co                                              | CUSIP: 893045AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1101000 | PA      | $1131017.41   | 0.23%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-8753.72     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FISERV INC                                  | Fiserv Inc                                                                      | CUSIP: 337738BK3<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    206000 | PA      | $211378.44    | 0.04%             | 2031-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                          | Panama Government International Bond                                            | CUSIP: 698299BW3<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   1516000 | PA      | $1645602.84   | 0.34%             | 2036-01-31      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                            | Crown Castle Inc                                                                | CUSIP: 22822VAH4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    301000 | PA      | $298604.82    | 0.06%             | 2027-09-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| SYSTEM ENERGY RESOURCES                     | System Energy Resources Inc                                                     | CUSIP: 871911AV5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    290000 | PA      | $293124.98    | 0.06%             | 2034-12-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    607000 | PA      | $644625.15    | 0.13%             | 2034-05-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                         | Gilead Sciences Inc                                                             | CUSIP: 375558BT9<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    286000 | PA      | $181009.20    | 0.04%             | 2050-10-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                   | Amgen Inc                                                                       | CUSIP: 031162CF5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1517000 | PA      | $1297932.84   | 0.27%             | 2051-06-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| 3M COMPANY                                  | 3M Co                                                                           | CUSIP: 88579YBP5<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |    529000 | PA      | $388005.20    | 0.08%             | 2050-04-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 06051GMT3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1746000 | PA      | $1769161.91   | 0.36%             | 2029-05-09      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                      | Philip Morris International Inc                                                 | CUSIP: 718172EA3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   2566000 | PA      | $2510269.28   | 0.52%             | 2035-10-29      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $154549.98    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| APPLIED MATERIALS INC                       | Applied Materials Inc                                                           | CUSIP: 038222AU9<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | DBT              | CORP              | US        |    535000 | PA      | $526830.10    | 0.11%             | 2036-01-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                         | General Electric Co                                                             | CUSIP: 369604CA9<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    230000 | PA      | $233512.46    | 0.05%             | 2036-01-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                | NiSource Inc                                                                    | CUSIP: 65473QBD4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    177000 | PA      | $175772.77    | 0.04%             | 2045-02-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                              | Merck & Co Inc                                                                  | CUSIP: 58933YBZ7<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    645000 | PA      | $642589.09    | 0.13%             | 2035-12-04      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                            | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526DA4<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $204913.26    | 0.04%             | 2031-05-09      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                       | Uber Technologies Inc                                                           | CUSIP: 90353TAP5<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    163000 | PA      | $162952.81    | 0.03%             | 2034-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BALTIMORE GAS & ELECTRIC                    | Baltimore Gas and Electric Co                                                   | CUSIP: 059165EK2<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |    384000 | PA      | $313420.34    | 0.06%             | 2048-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA PUBLIC SERVICE                      | Arizona Public Service Co                                                       | CUSIP: 040555DH4<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |    683000 | PA      | $717990.12    | 0.15%             | 2034-08-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                    | Sumitomo Mitsui Financial Group Inc                                             | CUSIP: 86562MEB2<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    706000 | PA      | $715298.90    | 0.15%             | 2046-07-08      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                    | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BS2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     86000 | PA      | $67299.32     | 0.01%             | 2049-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              | CORP              | US        |   4910000 | NC      | $18080.82     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-3129.36     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                          | Credit Agricole SA                                                              | CUSIP: 22535WAR8<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   2457000 | PA      | $2522398.73   | 0.52%             | 2031-05-27      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PBQ4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     97000 | PA      | $101991.07    | 0.02%             | 2041-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                    | EQT Corp                                                                        | CUSIP: 26884LBD0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    853000 | PA      | $858598.70    | 0.18%             | 2031-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PEW8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    325000 | PA      | $293142.11    | 0.06%             | 2053-04-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                            | Peruvian Government International Bond                                          | CUSIP: 715638FD9<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   1007000 | PA      | $1036706.50   | 0.21%             | 2055-06-30      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                        | Glencore Funding LLC                                                            | CUSIP: 378272BL1<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1084570.08   | 0.22%             | 2033-05-08      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                    | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748CA8<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    178000 | PA      | $181568.40    | 0.04%             | 2030-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| REPSOL E&P CAP MARKETS                      | Repsol E&P Capital Markets US LLC                                               | CUSIP: 76026AAA5<br>LEI: 894500D0J12FRZ3Q0M15 | Long             | DBT              | CORP              | US        |    425000 | PA      | $428955.64    | 0.09%             | 2028-09-16      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                      | Daimler Truck Finance North America LLC                                         | CUSIP: 233853BG4<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    215000 | PA      | $215927.34    | 0.04%             | 2027-08-12      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PDV1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    218000 | PA      | $156478.79    | 0.03%             | 2059-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $31566.68     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                       | Wells Fargo & Co                                                                | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    384000 | PA      | $382805.39    | 0.08%             | N/A             | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                    | Toyota Motor Credit Corp                                                        | CUSIP: 89236TMT9<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    227000 | PA      | $230407.79    | 0.05%             | 2031-10-10      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                              | Eli Lilly & Co                                                                  | CUSIP: 532457BZ0<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    164000 | PA      | $89089.45     | 0.02%             | 2060-09-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                    | Duke Energy Progress LLC                                                        | CUSIP: 26442UAH7<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   1636000 | PA      | $1610346.31   | 0.33%             | 2029-03-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                         | Dow Chemical Co/The                                                             | CUSIP: 260543DM2<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |     99000 | PA      | $90068.14     | 0.02%             | 2055-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                       | Micron Technology Inc                                                           | CUSIP: 595112CH4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    393000 | PA      | $419292.19    | 0.09%             | 2035-11-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| BALTIMORE GAS & ELECTRIC                    | Baltimore Gas and Electric Co                                                   | CUSIP: 059165EJ5<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |    386000 | PA      | $294599.33    | 0.06%             | 2047-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                     | Dell International LLC / EMC Corp                                               | CUSIP: 24703DBT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    969000 | PA      | $967726.71    | 0.20%             | 2032-10-06      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                            | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526DB2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    585000 | PA      | $590914.14    | 0.12%             | 2031-08-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                         | American Tower Corp                                                             | CUSIP: 03027XCF5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1056000 | PA      | $1127901.08   | 0.23%             | 2033-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-7898.71     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                            | Berry Global Inc                                                                | CUSIP: 08576BAB8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1993000 | PA      | $2103917.55   | 0.43%             | 2031-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                       | Northrop Grumman Corp                                                           | CUSIP: 666807BP6<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    152000 | PA      | $122093.51    | 0.03%             | 2047-10-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COLORADO                     | Public Service Co of Colorado                                                   | CUSIP: 744448BZ3<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |     85000 | PA      | $92744.44     | 0.02%             | 2037-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| 3M COMPANY                                  | 3M Co                                                                           | CUSIP: 88579YBR1<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |   1299000 | PA      | $1327704.65   | 0.27%             | 2035-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                          | Realty Income Corp                                                              | CUSIP: 756109BL7<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    203000 | PA      | $182085.84    | 0.04%             | 2032-12-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE                       | United Parcel Service Inc                                                       | CUSIP: 911312CK0<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    711000 | PA      | $733908.63    | 0.15%             | 2055-05-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| KLA CORP                                    | KLA Corp                                                                        | CUSIP: 482480AJ9<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |     71000 | PA      | $49288.32     | 0.01%             | 2050-03-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                    | CenterPoint Energy Houston Electric LLC                                         | CUSIP: 15189XAV0<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    328000 | PA      | $297091.02    | 0.06%             | 2031-04-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                | NiSource Inc                                                                    | CUSIP: 65473QBC6<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     99000 | PA      | $89071.30     | 0.02%             | 2044-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                         | Dominion Energy Inc                                                             | CUSIP: 25746UEA3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90061.30     | 0.02%             | 2056-02-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-2422.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP                            | FirstEnergy Corp                                                                | CUSIP: 337932AH0<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |    674000 | PA      | $671310.97    | 0.14%             | 2027-07-15      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                    | Cheniere Energy Partners LP                                                     | CUSIP: 16411QAK7<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   1309000 | PA      | $1274650.57   | 0.26%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                              | Merck & Co Inc                                                                  | CUSIP: 58933YBY0<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300418.13    | 0.06%             | 2032-12-04      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                                 | Netflix Inc                                                                     | CUSIP: 64110LBA3<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |     94000 | PA      | $91091.49     | 0.02%             | 2054-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| SUTTER HEALTH                               | Sutter Health                                                                   | CUSIP: 86944BAE3<br>LEI: 549300MJCC12LU768G81 | Long             | DBT              | CORP              | US        |    223000 | PA      | $181437.13    | 0.04%             | 2048-08-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| APPLIED MATERIALS INC                       | Applied Materials Inc                                                           | CUSIP: 038222AT2<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | DBT              | CORP              | US        |    187000 | PA      | $186050.28    | 0.04%             | 2031-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PPL CAPITAL FUNDING INC                     | PPL Capital Funding Inc                                                         | CUSIP: 69352PAT0<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |    644000 | PA      | $659519.42    | 0.14%             | 2034-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                     | Public Service Electric and Gas Co                                              | CUSIP: 74456QCE4<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    171000 | PA      | $92326.33     | 0.02%             | 2050-08-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| AS MILEAGE PLAN IP LTD                      | AS Mileage Plan IP Ltd                                                          | CUSIP: 00218QAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1753000 | PA      | $1768802.54   | 0.36%             | 2031-10-20      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                    | Florida Power & Light Co                                                        | CUSIP: 341081FX0<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    126000 | PA      | $86291.34     | 0.02%             | 2049-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-2459.56     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMGEN INC                                   | Amgen Inc                                                                       | CUSIP: 031162CD0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    131000 | PA      | $112056.00    | 0.02%             | 2048-06-15      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK OP LLC                           | Healthpeak OP LLC                                                               | CUSIP: 42250PAA1<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              | CORP              | US        |     90000 | PA      | $85271.93     | 0.02%             | 2030-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                   | Amgen Inc                                                                       | CUSIP: 031162DF4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1352000 | PA      | $1072505.03   | 0.22%             | 2052-02-22      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| AETNA INC                                   | Aetna Inc                                                                       | CUSIP: 00817YAZ1<br>LEI: 549300QKBENKLBXQ8968 | Long             | DBT              | CORP              | US        |    354000 | PA      | $265063.34    | 0.05%             | 2047-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                    | AT&T Inc                                                                        | CUSIP: 00206RMZ2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    355000 | PA      | $357086.12    | 0.07%             | 2056-08-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC                                | HSBC USA Inc                                                                    | CUSIP: 40428HR95<br>LEI: 549300LBOHZ4QSIWU288 | Long             | DBT              | CORP              | US        |   2124000 | PA      | $2155990.48   | 0.44%             | 2028-06-03      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| AON GLOBAL LTD                              | Aon Global Ltd                                                                  | CUSIP: 00185AAH7<br>LEI: VVT2B79I2Z4U3R6BY589 | Long             | DBT              | CORP              | GB        |    129000 | PA      | $114614.86    | 0.02%             | 2045-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2024-1 A PTT                     | United Airlines 2024-1 Class A Pass Through Trust                               | CUSIP: 90932WAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1238764 | PA      | $1268956.67   | 0.26%             | 2037-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                         | Charles Schwab Corp/The                                                         | CUSIP: 808513CB9<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125805.75    | 0.03%             | N/A             | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                | Comcast Corp                                                                    | CUSIP: 20030NBZ3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    792000 | PA      | $598181.60    | 0.12%             | 2047-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-11424.08    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GB29<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1802000 | PA      | $1846353.89   | 0.38%             | 2030-07-23      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                 | Southern Co/The                                                                 | CUSIP: 842587CW5<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    142000 | PA      | $133078.89    | 0.03%             | 2036-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BEIGNET INVESTOR LLC                        | Beignet Investor LLC                                                            | CUSIP: 076912AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10209000 | PA      | $10785758.68  | 2.22%             | 2049-05-30      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 06051GGF0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    306000 | PA      | $305266.30    | 0.06%             | 2028-01-20      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                         | CommonSpirit Health                                                             | CUSIP: 20268JAG8<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    292000 | PA      | $218084.94    | 0.04%             | 2050-10-01      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| PRES & FELLOWS OF HARVAR                    | President and Fellows of Harvard College                                        | CUSIP: 740816AL7<br>LEI: 6S3X7J22E861RNTJSA74 | Long             | DBT              | CORP              | US        |     43000 | PA      | $38382.24     | 0.01%             | 2037-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                      | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KBR0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    225000 | PA      | $206919.65    | 0.04%             | 2030-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| AON GLOBAL LTD                              | Aon Global Ltd                                                                  | CUSIP: 00185AAG9<br>LEI: VVT2B79I2Z4U3R6BY589 | Long             | DBT              | CORP              | GB        |     98000 | PA      | $85681.14     | 0.02%             | 2044-06-14      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| STEEL DYNAMICS INC                          | Steel Dynamics Inc                                                              | CUSIP: 858119BT6<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |    242000 | PA      | $240941.43    | 0.05%             | 2055-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AEP TRANSMISSION CO LLC                     | AEP Transmission Co LLC                                                         | CUSIP: 00115AAH2<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |    155000 | PA      | $118639.32    | 0.02%             | 2047-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-235.79      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                    | Uruguay Government International Bond                                           | CUSIP: 760942BD3<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    818000 | PA      | $743971.00    | 0.15%             | 2055-04-20      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                    | Intercontinental Exchange Inc                                                   | CUSIP: 45866FAH7<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    104000 | PA      | $86606.62     | 0.02%             | 2048-09-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                       | Toronto-Dominion Bank/The                                                       | CUSIP: 89115KAD2<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1275000 | PA      | $1291167.40   | 0.27%             | 2028-06-02      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                | CaixaBank SA                                                                    | CUSIP: 12803RAK0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   1297000 | PA      | $1309897.61   | 0.27%             | 2029-07-03      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                             | CMS Energy Corp                                                                 | CUSIP: 125896BL3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    101000 | PA      | $88041.01     | 0.02%             | 2043-03-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CSX CORP                                    | CSX Corp                                                                        | CUSIP: 126408HU0<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    497000 | PA      | $487711.66    | 0.10%             | 2032-11-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| MARS INC                                    | Mars Inc                                                                        | CUSIP: 571676AF2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1102000 | PA      | $869282.30    | 0.18%             | 2049-04-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK OP LLC                           | Healthpeak OP LLC                                                               | CUSIP: 42250PAB9<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              | CORP              | US        |    187000 | PA      | $173249.95    | 0.04%             | 2031-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                                 | PNC Bank NA                                                                     | CUSIP: 69353RFZ6<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   2201000 | PA      | $2215721.87   | 0.46%             | 2028-07-21      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                        | Freeport-McMoRan Inc                                                            | CUSIP: 35671DBJ3<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |   1013000 | PA      | $1044449.80   | 0.22%             | 2034-11-14      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-14757.01    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MIDAMERICAN ENERGY CO                       | MidAmerican Energy Co                                                           | CUSIP: 595620AW5<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    143000 | PA      | $87387.95     | 0.02%             | 2052-08-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 06051GJM2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    829000 | PA      | $527655.88    | 0.11%             | 2051-10-24      | Fixed         | 2.83%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                       | Mexico Government International Bond                                            | CUSIP: 91087BAS9<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    501000 | PA      | $366231.00    | 0.08%             | 2052-02-12      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                        | Edison International                                                            | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1632000 | PA      | $1698130.40   | 0.35%             | 2053-06-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                              | Amazon.com Inc                                                                  | CUSIP: 023135CT1<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   3175000 | PA      | $3178461.45   | 0.65%             | 2030-11-20      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                      | Roper Technologies Inc                                                          | CUSIP: 776696AK2<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    535000 | PA      | $536897.01    | 0.11%             | 2028-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                   | Boeing Co/The                                                                   | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    223000 | PA      | $229134.76    | 0.05%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                        | Targa Resources Corp                                                            | CUSIP: 87612GAB7<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    457000 | PA      | $390612.85    | 0.08%             | 2052-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                    | CenterPoint Energy Houston Electric LLC                                         | CUSIP: 15189XAX6<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    138000 | PA      | $126670.26    | 0.03%             | 2032-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP                            | FirstEnergy Corp                                                                | CUSIP: 337932AJ6<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |    210000 | PA      | $184870.70    | 0.04%             | 2047-07-15      | Variable      | 4.85%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-13833.94    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AP GRANGE HOLDINGS LLC                      | AP GRANGE HOLDINGS LLC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    738000 | PA      | $788774.40    | 0.16%             | 2045-03-20      | Fixed         | 6.50%                 | Yes           |                  3 | On Loan: No      |
| TEXTRON INC                                 | Textron Inc                                                                     | CUSIP: 883203CF6<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |    740000 | PA      | $734555.97    | 0.15%             | 2036-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                    | Lloyds Banking Group PLC                                                        | CUSIP: 539439BE8<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    740000 | PA      | $778113.25    | 0.16%             | 2036-06-13      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                          | Ingersoll Rand Inc                                                              | CUSIP: 45687VAB2<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |     88000 | PA      | $93235.75     | 0.02%             | 2033-08-14      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                      | Sempra                                                                          | CUSIP: 816851BS7<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   3242000 | PA      | $3335311.24   | 0.69%             | 2054-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HCA INC                                     | HCA Inc                                                                         | CUSIP: 404119CB3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2528000 | PA      | $1713487.07   | 0.35%             | 2051-07-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CSX CORP                                    | CSX Corp                                                                        | CUSIP: 126408HT3<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    368000 | PA      | $217540.30    | 0.04%             | 2051-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                    | Capital One Financial Corp                                                      | CUSIP: 14040HCV5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    451000 | PA      | $465186.32    | 0.10%             | 2030-07-26      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| STATE OF ISRAEL                             | Israel Government International Bond                                            | CUSIP: 46514BRM1<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    768000 | PA      | $737202.59    | 0.15%             | 2054-03-12      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COLORADO                     | Public Service Co of Colorado                                                   | CUSIP: 744448CX7<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |    197000 | PA      | $164109.63    | 0.03%             | 2052-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-3892.12     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MIDAMERICAN ENERGY CO                       | MidAmerican Energy Co                                                           | CUSIP: 595620AV7<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    429000 | PA      | $290440.53    | 0.06%             | 2050-04-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 29273VBF6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    690000 | PA      | $676316.14    | 0.14%             | 2055-04-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                    | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748BD3<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    110000 | PA      | $90484.12     | 0.02%             | 2048-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                    | Florida Power & Light Co                                                        | CUSIP: 341081FR3<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    106000 | PA      | $86380.50     | 0.02%             | 2048-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                    | Ford Motor Credit Co LLC                                                        | CUSIP: 345397ZR7<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1953009.75   | 0.40%             | 2029-05-03      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                              | Amazon.com Inc                                                                  | CUSIP: 023135CW4<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    680000 | PA      | $663696.44    | 0.14%             | 2055-11-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| EASTERN ENERGY GAS                          | Eastern Energy Gas Holdings LLC                                                 | CUSIP: 27636AAA0<br>LEI: 549300BFOD6TDMVV4O24 | Long             | DBT              | CORP              | US        |    101000 | PA      | $97700.47     | 0.02%             | 2054-10-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| KLA CORP                                    | KLA Corp                                                                        | CUSIP: 482480AM2<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6352.26      | 0.00%             | 2052-07-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                       | Northrop Grumman Corp                                                           | CUSIP: 666807CM2<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    280000 | PA      | $261750.12    | 0.05%             | 2054-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                              | Amazon.com Inc                                                                  | CUSIP: 023135CV6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   1520000 | PA      | $1513853.10   | 0.31%             | 2035-11-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AKTIENGESELLSCHAFT            | CDS FORD MOTOR CO                                                               | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DCR              | CORP              | DE        |         1 | NC      | $14565.22     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION                    | FirstEnergy Transmission LLC                                                    | CUSIP: 33767BAH2<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |    822000 | PA      | $823630.11    | 0.17%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK INC                        | Fifth Third Bank NA                                                             | CUSIP: 31677QBU2<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |    625000 | PA      | $630882.58    | 0.13%             | 2028-01-28      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                         | American Tower Corp                                                             | CUSIP: 03027XBG4<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    279000 | PA      | $249216.66    | 0.05%             | 2030-10-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                | Barclays PLC                                                                    | CUSIP: 06738ECT0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1335000 | PA      | $1350661.90   | 0.28%             | 2028-09-10      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                | Alphabet Inc                                                                    | CUSIP: 02079KAX5<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    585000 | PA      | $586984.86    | 0.12%             | 2032-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                    | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBL6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    693000 | PA      | $688337.50    | 0.14%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                           | HSBC Holdings PLC                                                               | CUSIP: 404280EN5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $206355.92    | 0.04%             | 2030-11-19      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| AIB GROUP PLC                               | AIB Group PLC                                                                   | CUSIP: 00135TAF1<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |    835000 | PA      | $861675.41    | 0.18%             | 2031-05-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 912810SW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1969000 | PA      | $1375531.09   | 0.28%             | 2041-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PES7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    178000 | PA      | $179485.37    | 0.04%             | 2053-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                    | Intercontinental Exchange Inc                                                   | CUSIP: 45866FAL8<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    271000 | PA      | $177422.07    | 0.04%             | 2050-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                    | Intercontinental Exchange Inc                                                   | CUSIP: 45866FBA1<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    287000 | PA      | $300483.83    | 0.06%             | 2031-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                       | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CBA1<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    424000 | PA      | $397611.58    | 0.08%             | 2030-02-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                            | Altria Group Inc                                                                | CUSIP: 02209SBG7<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     89000 | PA      | $88849.21     | 0.02%             | 2059-02-14      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                 | Truist Bank                                                                     | CUSIP: 89788JAF6<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    985000 | PA      | $990642.04    | 0.20%             | 2028-07-24      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                         | Petroleos Mexicanos                                                             | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1131000 | PA      | $1127754.03   | 0.23%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                    | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748BC5<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    101000 | PA      | $85606.44     | 0.02%             | 2047-01-30      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                          | Expand Energy Corp                                                              | CUSIP: 92735LAA0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    900000 | PA      | $905270.89    | 0.19%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                     | Kinder Morgan Energy Partners LP                                                | CUSIP: 494550BN5<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |     98000 | PA      | $89800.48     | 0.02%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308KD8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1859000 | PA      | $1620859.40   | 0.33%             | 2052-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                      | Aviation Capital Group LLC                                                      | CUSIP: 05369AAT8<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   2563000 | PA      | $2563969.20   | 0.53%             | 2030-10-24      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                       | Norfolk Southern Corp                                                           | CUSIP: 655844CH9<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    337000 | PA      | $216705.01    | 0.04%             | 2055-05-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                               | AppLovin Corp                                                                   | CUSIP: 03831WAD0<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    665000 | PA      | $683255.38    | 0.14%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                            | T-Mobile USA Inc                                                                | CUSIP: 87264ABL8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    303000 | PA      | $225779.87    | 0.05%             | 2041-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                         | Elevance Health Inc                                                             | CUSIP: 036752AH6<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    174000 | PA      | $147978.32    | 0.03%             | 2048-03-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ANDIRON FINANCING LLC                       | ANDIRON FINANCING LLC                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $80000.00     | 0.02%             | 2030-01-21      | Floating      | 6.82%                 | No            |                  3 | On Loan: No      |
| BOEING CO                                   | Boeing Co/The                                                                   | CUSIP: 097023BZ7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1843000 | PA      | $1315905.34   | 0.27%             | 2048-03-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                           | L3Harris Technologies Inc                                                       | CUSIP: 502431AT6<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |     90000 | PA      | $93637.17     | 0.02%             | 2031-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                | UBS Group AG                                                                    | CUSIP: 225401BJ6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    580000 | PA      | $594363.45    | 0.12%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PBN1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    167000 | PA      | $173085.33    | 0.04%             | 2040-10-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                         | Global Payments Inc                                                             | CUSIP: 37940XAW2<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   2290000 | PA      | $2292553.40   | 0.47%             | 2030-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                     | Public Service Electric and Gas Co                                              | CUSIP: 74456QCA2<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    199000 | PA      | $136331.33    | 0.03%             | 2049-08-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                       | Mexico Government International Bond                                            | CUSIP: 91087BAX8<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    405000 | PA      | $385357.50    | 0.08%             | 2053-05-04      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                         | Invitation Homes Operating Partnership LP                                       | CUSIP: 46188BAA0<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    134000 | PA      | $117042.20    | 0.02%             | 2031-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                      | Motorola Solutions Inc                                                          | CUSIP: 620076BZ1<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |   1309000 | PA      | $1351725.73   | 0.28%             | 2034-04-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| SWISS RE SUB FIN PLC                        | Swiss RE Subordinated Finance PLC                                               | CUSIP: 87088QAB0<br>LEI: 636700H29EH5Z8ZU8L04 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $412875.23    | 0.08%             | 2046-04-01      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                      | PNC Financial Services Group Inc/The                                            | CUSIP: 693475CE3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    535000 | PA      | $550239.46    | 0.11%             | 2036-07-21      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    520000 | PA      | $528461.33    | 0.11%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                     | KeyCorp                                                                         | CUSIP: 49326EEP4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |   3456000 | PA      | $3753890.82   | 0.77%             | 2035-03-06      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| BANNER HEALTH                               | Banner Health                                                                   | CUSIP: 06654DAC1<br>LEI: PLD0E0WJKFN8IZJ2WD85 | Long             | DBT              | CORP              | US        |    116000 | PA      | $79034.81     | 0.02%             | 2050-01-01      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                         | Southern California Edison Co                                                   | CUSIP: 842400HR7<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    165000 | PA      | $148229.97    | 0.03%             | 2052-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                    | Aptiv Swiss Holdings Ltd                                                        | CUSIP: 03835VAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    269000 | PA      | $270228.37    | 0.06%             | 2029-03-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                  | Pfizer Inc                                                                      | CUSIP: 717081EU3<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    740000 | PA      | $653505.99    | 0.13%             | 2039-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                         | Elevance Health Inc                                                             | CUSIP: 036752BK8<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   1806000 | PA      | $1795090.42   | 0.37%             | 2036-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING                     | DCP Midstream Operating LP                                                      | CUSIP: 23311VAH0<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    522000 | PA      | $533948.40    | 0.11%             | 2029-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BALTIMORE GAS & ELECTRIC                    | Baltimore Gas and Electric Co                                                   | CUSIP: 059165EM8<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |    182000 | PA      | $116415.58    | 0.02%             | 2050-06-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                    | Rogers Communications Inc                                                       | CUSIP: 775109CH2<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    928000 | PA      | $874330.79    | 0.18%             | 2032-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP                            | FirstEnergy Corp                                                                | CUSIP: 337932AM9<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |   1196000 | PA      | $824907.12    | 0.17%             | 2050-03-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA              | Chicago O'Hare International Airport                                            | CUSIP: 167593AN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1111375.30   | 0.23%             | 2040-01-01      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                         | American Express Co                                                             | CUSIP: 025816EK1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    377000 | PA      | $383671.55    | 0.08%             | 2033-07-20      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                    | Burlington Northern Santa Fe LLC                                                | CUSIP: 12189LBM2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    726000 | PA      | $741235.30    | 0.15%             | 2056-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                    | Lloyds Banking Group PLC                                                        | CUSIP: 53944YBD4<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   3237000 | PA      | $3226901.82   | 0.66%             | 2031-11-04      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                    | Intercontinental Exchange Inc                                                   | CUSIP: 45866FAN4<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    168000 | PA      | $142944.65    | 0.03%             | 2032-09-15      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                       | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CBC7<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    117000 | PA      | $82978.65     | 0.02%             | 2051-04-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                          | Athene Holding Ltd                                                              | CUSIP: 04686JAL5<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |    614000 | PA      | $625346.68    | 0.13%             | 2055-05-19      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                            | Crown Castle Inc                                                                | CUSIP: 22822VBA8<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    604000 | PA      | $613438.30    | 0.13%             | 2028-01-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                            | BAT Capital Corp                                                                | CUSIP: 05526DBK0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    472000 | PA      | $398797.37    | 0.08%             | 2049-09-06      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                    | Uruguay Government International Bond                                           | CUSIP: 760942BA9<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    101000 | PA      | $95394.50     | 0.02%             | 2050-06-18      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PCR1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    109000 | PA      | $98062.99     | 0.02%             | 2045-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION                    | FirstEnergy Transmission LLC                                                    | CUSIP: 33767BAC3<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |    175000 | PA      | $148649.85    | 0.03%             | 2049-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                    | Aptiv Swiss Holdings Ltd                                                        | CUSIP: 03835VAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    148000 | PA      | $119987.14    | 0.02%             | 2046-10-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 912810TZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $3869687.52   | 0.80%             | 2044-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BALTIMORE GAS & ELECTRIC                    | Baltimore Gas and Electric Co                                                   | CUSIP: 059165EL0<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |    358000 | PA      | $241901.30    | 0.05%             | 2049-09-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY PARTNERS LL                    | Viper Energy Partners LLC                                                       | CUSIP: 92764MAB0<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |    644000 | PA      | $657221.32    | 0.14%             | 2035-08-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                    | Florida Power & Light Co                                                        | CUSIP: 341081FU6<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    125000 | PA      | $99217.81     | 0.02%             | 2049-03-01      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GD35<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    674000 | PA      | $672393.61    | 0.14%             | 2031-10-21      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                    | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CL6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    171000 | PA      | $134739.84    | 0.03%             | 2063-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                | UBS Group AG                                                                    | CUSIP: 225401BH0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    505000 | PA      | $516060.51    | 0.11%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                         | American Express Co                                                             | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    377000 | PA      | $371810.56    | 0.08%             | N/A             | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                            | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526DD8<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1015000 | PA      | $1011543.87   | 0.21%             | 2031-12-10      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY PARTNERS LL                    | Viper Energy Partners LLC                                                       | CUSIP: 92764MAA2<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |    447000 | PA      | $452127.09    | 0.09%             | 2030-08-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MIDAMERICAN ENERGY CO                       | MidAmerican Energy Co                                                           | CUSIP: 595620AR6<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    308000 | PA      | $243808.76    | 0.05%             | 2047-08-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                          | Realty Income Corp                                                              | CUSIP: 756109CT9<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    128000 | PA      | $130198.23    | 0.03%             | 2035-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SUTTER HEALTH                               | Sutter Health                                                                   | CUSIP: 86944BAG8<br>LEI: 549300MJCC12LU768G81 | Long             | DBT              | CORP              | US        |    398000 | PA      | $366017.77    | 0.08%             | 2030-08-15      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                        | Kraft Heinz Foods Co                                                            | CUSIP: 50077LAZ9<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    422000 | PA      | $363067.20    | 0.07%             | 2049-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PDT6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    123000 | PA      | $102417.69    | 0.02%             | 2039-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                    | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BT0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    179000 | PA      | $134464.73    | 0.03%             | 2050-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                            | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBW8<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    235000 | PA      | $217727.25    | 0.04%             | 2054-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                 | Oracle Corp                                                                     | CUSIP: 68389XDB8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    372000 | PA      | $328025.28    | 0.07%             | 2055-08-03      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE CHILDREN HOSP                    | Nationwide Children's Hospital Inc                                              | CUSIP: 63861UAA7<br>LEI: 549300P18KU1WR8JWZ05 | Long             | DBT              | CORP              | US        |    151000 | PA      | $130025.93    | 0.03%             | 2052-11-01      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                      | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BZ7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    333000 | PA      | $344439.47    | 0.07%             | 2035-07-23      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              | CORP              | US        |   4100000 | NC      | $6124.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FEDEX CORP                                  | FedEx Corp                                                                      | CUSIP: 31428XDW3<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |    367000 | PA      | $338135.96    | 0.07%             | 2050-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                       | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CAT1<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    184000 | PA      | $138915.68    | 0.03%             | 2047-12-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                            | Altria Group Inc                                                                | CUSIP: 02209SBT9<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    620000 | PA      | $644606.26    | 0.13%             | 2035-02-06      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                  | Humana Inc                                                                      | CUSIP: 444859BG6<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    139000 | PA      | $117888.16    | 0.02%             | 2047-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                | Centene Corp                                                                    | CUSIP: 15135BAR2<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   2485000 | PA      | $2470369.24   | 0.51%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                       | Mexico Government International Bond                                            | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   2275000 | PA      | $2253910.75   | 0.46%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY INDIANA LLC                     | Duke Energy Indiana LLC                                                         | CUSIP: 26443TAF3<br>LEI: 6URPHM2EAWGJ2C6ISB97 | Long             | DBT              | CORP              | US        |    290000 | PA      | $295339.05    | 0.06%             | 2055-05-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                | Enbridge Inc                                                                    | CUSIP: 29250NBC8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   2283000 | PA      | $2304690.78   | 0.47%             | 2080-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                  | Pfizer Inc                                                                      | CUSIP: 717081EJ8<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    320000 | PA      | $293665.51    | 0.06%             | 2038-09-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                         | American Tower Corp                                                             | CUSIP: 03027XCM0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    355000 | PA      | $365422.43    | 0.08%             | 2035-01-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS ORACLE CORP                                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-18432.99    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                      | Philip Morris International Inc                                                 | CUSIP: 718172CV9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1018000 | PA      | $1040010.88   | 0.21%             | 2027-11-17      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                    | Ford Motor Credit Co LLC                                                        | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198059.99    | 0.04%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                       | American Homes 4 Rent LP                                                        | CUSIP: 02666TAJ6<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |    557000 | PA      | $564951.09    | 0.12%             | 2035-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                      | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KBW9<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    619000 | PA      | $589856.05    | 0.12%             | 2028-06-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                | Broadcom Inc                                                                    | CUSIP: 11135FCK5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   2707000 | PA      | $2750396.24   | 0.57%             | 2030-07-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                           | State Street Corp                                                               | CUSIP: 857477AY9<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    486000 | PA      | $434222.48    | 0.09%             | 2047-06-15      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| LEHMAN BROS CAP TR VII                      | Lehman Brothers Holdings Capital Trust VII                                      | CUSIP: 524908XA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4070000 | PA      | $0.41         | 0.00%             | N/A             | Variable      | 5.86%                 | No            |                  3 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308KH9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    319000 | PA      | $339264.92    | 0.07%             | 2053-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                     | United Rentals North America Inc                                                | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    759000 | PA      | $779768.53    | 0.16%             | 2029-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK OP LLC                           | Healthpeak OP LLC                                                               | CUSIP: 42250GAB9<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              | CORP              | US        |    101000 | PA      | $100449.78    | 0.02%             | 2033-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-24

**Name of Applicant:** BlackRock Allocation Target Shares

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer