# EDGAR Filing Document

**Accession Number:** 0000719269
**File Stem:** 0001410368-26-050748
**Filing Date:** 2026-5
**Character Count:** 243008
**Document Hash:** 2553d3cf5ffda56a45df60b89469e390
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-050748.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0001410368-26-050748

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS VARIABLE INSURANCE TRUST II
- **CENTRAL INDEX KEY:** 0000719269

**ORGANIZATION NAME:**
- **EIN:** 046540044
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03732
- **FILM NUMBER:** 261016335

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 16179545839

**MAIL ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS SUN LIFE SERIES TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COMPASS SERIES TRUST
- **DATE OF NAME CHANGE:** 19850325

## Series and Classes Contracts Data

### MFS Corporate Bond Portfolio (Series ID: S000002634)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000007237 | Initial Class |  |
| C000007238 | Service Class |  |

## Nport-Ex

BDS-Q1

![](imgb15739371.gif)

**Quarterly Report**

March 31, 2026

MFS<sup>®</sup> Corporate Bond Portfolio

![](img68e7b6e42.gif)

MFS<sup>®</sup> Variable Insurance Trust II

------

**Portfolio of Investments**

3/31/26 (unaudited)

The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by broad-based asset classes.

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

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – 96.8%  | Bonds – 96.8%  | Bonds – 96.8%  |
| Aerospace & Defense – 2.1% | Aerospace & Defense – 2.1% | Aerospace & Defense – 2.1% |
| Boeing Co., 5.15%, 5/01/2030  | $473000 | &nbsp;&nbsp;&nbsp; $480918 |
| Boeing Co., 5.805%, 5/01/2050  | 990000 | &nbsp;&nbsp;&nbsp; 957059 |
| Honeywell Aerospace, Inc., 4.6%, 3/16/2033 (n) | 314000 | &nbsp;&nbsp;&nbsp; 310398 |
| Honeywell Aerospace, Inc., 4.95%, 3/16/2036 (n) | 314000 | &nbsp;&nbsp;&nbsp; 311552 |
| Huntington Ingalls Industries, Inc., 5.749%, 1/15/2035  | 131000 | &nbsp;&nbsp;&nbsp; 135480 |
| TransDigm, Inc., 6.875%, 12/15/2030 (n) | 474000 | &nbsp;&nbsp;&nbsp; 485683 |
|  |  | &nbsp;&nbsp;&nbsp; $2681090 |
| Asset-Backed & Securitized – 3.6% | Asset-Backed & Securitized – 3.6% | Asset-Backed & Securitized – 3.6% |
| 3650R Commercial Mortgage Trust, 2021-PF1, "XA", 0.99%, 11/15/2054 (i) | $3758723 | &nbsp;&nbsp;&nbsp; $125188 |
| Angel Oak Mortgage Trust, 2024-13, "A1", 5.464%, 12/26/2069 (n) | 289819 | &nbsp;&nbsp;&nbsp; 290511 |
| Arbor Realty Trust, Inc., CLO, 2021-FL4, "AS", FLR, 5.486% ((SOFR - 1mo. + 0.11448%) + 1.7%), 11/15/2036 (n) | 175000 | &nbsp;&nbsp;&nbsp; 175089 |
| ARDN Mortgage Trust, 2025-ARCP, "A", FLR, 5.422% (SOFR - 1mo. + 1.75%), 6/15/2035 (n) | 486000 | &nbsp;&nbsp;&nbsp; 484026 |
| Bayview Financial Revolving Mortgage Loan Trust, FLR, 5.387% ((SOFR - 1mo. + 0.11448%) + 1.6%), 12/28/2040 (n) | 19397 | &nbsp;&nbsp;&nbsp; 47758 |
| Benchmark 2021-B27 Mortgage Trust, "XA", 1.232%, 7/15/2054 (i) | 6804727 | &nbsp;&nbsp;&nbsp; 301357 |
| Colt Funding LLC, 2024-6, "A1", 5.39%, 11/25/2069 (n) | 221864 | &nbsp;&nbsp;&nbsp; 222173 |
| ELM Trust, 2024-ELM, "A10", 5.994%, 6/10/2039 (n) | 345127 | &nbsp;&nbsp;&nbsp; 345808 |
| ELM Trust, 2024-ELM, "D10", 6.847%, 6/10/2039 (n) | 151693 | &nbsp;&nbsp;&nbsp; 151747 |
| Home Owner Mortgage Enhanced, 5.077%, 8/25/2060 (n) | 200314 | &nbsp;&nbsp;&nbsp; 199242 |
| Jersey Mikes Funding LLC, 2026-1A, "A2I", 4.952%, 2/15/2056 (n) | 147000 | &nbsp;&nbsp;&nbsp; 144987 |
| Jersey Mikes Funding LLC, 2026-1A, "A2II", 5.481%, 2/15/2056 (n) | 184000 | &nbsp;&nbsp;&nbsp; 180832 |
| KREF 2018-FT1 Ltd., "A", FLR, 4.862% ((SOFR - 1mo. + 0.11448%) + 1.07%), 2/15/2039 (n) | 71111 | &nbsp;&nbsp;&nbsp; 71101 |
| KREF 2018-FT1 Ltd., "AS", FLR, 5.092% ((SOFR - 1mo. + 0.11448%) + 1.3%), 2/15/2039 (n) | 316500 | &nbsp;&nbsp;&nbsp; 316262 |
| MF1 2022-FL8 Ltd., "A", FLR, 5.026% (SOFR - 1mo. + 1.35%), 2/19/2037 (n) | 186267 | &nbsp;&nbsp;&nbsp; 186266 |
| MF1 2024-FL5 LLC, "A", FLR, 5.367% (SOFR - 1mo. + 1.688%), 8/18/2041 (n) | 453000 | &nbsp;&nbsp;&nbsp; 453859 |
| Morgan Stanley Residential Mortgage Loan Trust, 2024-NQM3, "A1", 5.044%, 7/25/2069 (n) | 104419 | &nbsp;&nbsp;&nbsp; 104102 |
| Morgan Stanley Residential Mortgage Loan Trust, 2025-NQM3, "A1", 5.53%, 5/25/2070 (n) | 109877 | &nbsp;&nbsp;&nbsp; 110176 |
| OBX Trust, 2024-NQM1, "A1", 5.928%, 11/25/2063 (n) | 80096 | &nbsp;&nbsp;&nbsp; 80336 |
| OBX Trust, 2024-NQM15, "A1", 5.316%, 10/25/2064 (n) | 64689 | &nbsp;&nbsp;&nbsp; 64859 |
| OBX Trust, 2024-NQM3, "A1", 6.129%, 12/25/2063 (n) | 101674 | &nbsp;&nbsp;&nbsp; 102184 |
| Provident Funding Mortgage Trust, 2025-3, "A4", 5.5%, 8/25/2055 (n) | 337992 | &nbsp;&nbsp;&nbsp; 338208 |
| Virginia Power Fuel Securitization LLC, 5.088%, 5/01/2027  | 82247 | &nbsp;&nbsp;&nbsp; 82640 |
|  |  | &nbsp;&nbsp;&nbsp; $4578711 |
| Auto & Auto Components – 1.3% | Auto & Auto Components – 1.3% | Auto & Auto Components – 1.3% |
| Cummins, Inc., 5.45%, 2/20/2054  | $234000 | &nbsp;&nbsp;&nbsp; $225889 |
| Ford Motor Credit Co. LLC, 5.8%, 3/05/2027  | 263000 | &nbsp;&nbsp;&nbsp; 264450 |
| Ford Motor Credit Co. LLC, 4.95%, 5/28/2027  | 260000 | &nbsp;&nbsp;&nbsp; 259922 |
| Ford Motor Credit Co. LLC, 5.113%, 5/03/2029  | 260000 | &nbsp;&nbsp;&nbsp; 257530 |
| Ford Motor Credit Co. LLC, 5.753%, 4/06/2033  | 200000 | &nbsp;&nbsp;&nbsp; 196270 |
| Volkswagen Group of America Finance LLC, 4.45%, 9/11/2027 (n) | 200000 | &nbsp;&nbsp;&nbsp; 199414 |
| Volkswagen Group of America Finance LLC, 6.2%, 11/16/2028 (n) | 252000 | &nbsp;&nbsp;&nbsp; 260541 |
|  |  | &nbsp;&nbsp;&nbsp; $1664016 |
| Brokerage & Asset Managers – 3.6% | Brokerage & Asset Managers – 3.6% | Brokerage & Asset Managers – 3.6% |
| Charles Schwab Corp., 4.914% to 11/14/2035, FLR (SOFR - 1 day + 1.23%) to 11/14/2036  | $791000 | &nbsp;&nbsp;&nbsp; $768863 |
| Citadel Securities Global Holdings LLC, 5.75%, 3/27/2036 (n) | 500000 | &nbsp;&nbsp;&nbsp; 493383 |
| Jane Street Group/JSG Finance, Inc., 6.125%, 11/01/2032 (n) | 546000 | &nbsp;&nbsp;&nbsp; 539933 |
| Jane Street Group/JSG Finance, Inc., 6.75%, 5/01/2033 (n) | 112000 | &nbsp;&nbsp;&nbsp; 113632 |
| Jefferies Financial Group, Inc., 5.5%, 2/15/2036  | 423000 | &nbsp;&nbsp;&nbsp; 405993 |
| LPL Holdings, Inc., 4.625%, 11/15/2027 (n) | 323000 | &nbsp;&nbsp;&nbsp; 320637 |
| LPL Holdings, Inc., 4.375%, 5/15/2031 (n) | 530000 | &nbsp;&nbsp;&nbsp; 506975 |
| LPL Holdings, Inc., 5.65%, 3/15/2035  | 466000 | &nbsp;&nbsp;&nbsp; 462008 |
| Osaic Holdings, Inc., 6.75%, 8/01/2032 (n) | 296000 | &nbsp;&nbsp;&nbsp; 296037 |
| The Carlyle Group, Inc., 5.05%, 9/19/2035  | 571000 | &nbsp;&nbsp;&nbsp; 550926 |
|  |  | &nbsp;&nbsp;&nbsp; $4458387 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Building – 1.3% | Building – 1.3% | Building – 1.3% |
| Ferguson Enterprises, Inc., 5%, 10/03/2034  | $494000 | &nbsp;&nbsp;&nbsp; $488164 |
| JH North America Holdings, Inc., 5.875%, 1/31/2031 (n) | 255000 | &nbsp;&nbsp;&nbsp; 252881 |
| JH North America Holdings, Inc., 6.125%, 7/31/2032 (n) | 233000 | &nbsp;&nbsp;&nbsp; 232072 |
| Vulcan Materials Co., 3.5%, 6/01/2030  | 141000 | &nbsp;&nbsp;&nbsp; 135160 |
| Vulcan Materials Co., 4.5%, 6/15/2047  | 322000 | &nbsp;&nbsp;&nbsp; 266730 |
| Vulcan Materials Co., 5.7%, 12/01/2054  | 235000 | &nbsp;&nbsp;&nbsp; 227845 |
|  |  | &nbsp;&nbsp;&nbsp; $1602852 |
| Business Services – 0.9% | Business Services – 0.9% | Business Services – 0.9% |
| Black Pearl Compute LLC, 6.125%, 2/15/2031 (n) | $128000 | &nbsp;&nbsp;&nbsp; $130278 |
| Fidelity National Information Services, Inc., 4.55%, 3/10/2029  | 291000 | &nbsp;&nbsp;&nbsp; 289628 |
| Fiserv, Inc., 4.4%, 7/01/2049  | 315000 | &nbsp;&nbsp;&nbsp; 238176 |
| Paychex, Inc., 5.1%, 4/15/2030  | 165000 | &nbsp;&nbsp;&nbsp; 166479 |
| Paychex, Inc., 5.35%, 4/15/2032  | 356000 | &nbsp;&nbsp;&nbsp; 357795 |
|  |  | &nbsp;&nbsp;&nbsp; $1182356 |
| Cable TV – 1.6% | Cable TV – 1.6% | Cable TV – 1.6% |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 6.384%, 10/23/2035  | $226000 | &nbsp;&nbsp;&nbsp; $229499 |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 5.375%, 5/01/2047  | 530000 | &nbsp;&nbsp;&nbsp; 426485 |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 6.834%, 10/23/2055  | 129000 | &nbsp;&nbsp;&nbsp; 121441 |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 6.7%, 12/01/2055  | 122000 | &nbsp;&nbsp;&nbsp; 116555 |
| Comcast Corp., 2.887%, 11/01/2051  | 485000 | &nbsp;&nbsp;&nbsp; 280362 |
| Videotron Ltd., 3.625%, 6/15/2029 (n) | 414000 | &nbsp;&nbsp;&nbsp; 400698 |
| Videotron Ltd., 5.7%, 1/15/2035 (n) | 447000 | &nbsp;&nbsp;&nbsp; 451204 |
|  |  | &nbsp;&nbsp;&nbsp; $2026244 |
| Chemicals – 1.1% | Chemicals – 1.1% | Chemicals – 1.1% |
| Maxam Prill S.à r.l., 7.75%, 7/15/2030 (n) | $491000 | &nbsp;&nbsp;&nbsp; $499034 |
| SCIH Salt Holdings, Inc., 4.875%, 5/01/2028 (n) | 579000 | &nbsp;&nbsp;&nbsp; 572396 |
| SNF Group SACA, 5.626%, 3/31/2031 (n) | 244300 | &nbsp;&nbsp;&nbsp; 247183 |
|  |  | &nbsp;&nbsp;&nbsp; $1318613 |
| Conglomerates – 1.9% | Conglomerates – 1.9% | Conglomerates – 1.9% |
| Eaton Corp. PLC, 4.5%, 3/06/2033  | $200000 | &nbsp;&nbsp;&nbsp; $197258 |
| Eaton Corp. PLC, 4.8%, 3/06/2036  | 227000 | &nbsp;&nbsp;&nbsp; 224116 |
| GE Vernova, Inc., 4.875%, 2/04/2036  | 315000 | &nbsp;&nbsp;&nbsp; 312200 |
| nVent Finance S.à r.l., 5.65%, 5/15/2033  | 165000 | &nbsp;&nbsp;&nbsp; 169181 |
| Regal Rexnord Corp., 6.05%, 4/15/2028  | 248000 | &nbsp;&nbsp;&nbsp; 254361 |
| Regal Rexnord Corp., 6.3%, 2/15/2030  | 490000 | &nbsp;&nbsp;&nbsp; 513408 |
| Regal Rexnord Corp., 6.4%, 4/15/2033  | 323000 | &nbsp;&nbsp;&nbsp; 341408 |
| Westinghouse Air Brake Technologies Corp., 4.7%, 9/15/2028  | 233000 | &nbsp;&nbsp;&nbsp; 233683 |
| Westinghouse Air Brake Technologies Corp., 5.611%, 3/11/2034  | 157000 | &nbsp;&nbsp;&nbsp; 161483 |
|  |  | &nbsp;&nbsp;&nbsp; $2407098 |
| Consumer Products – 0.7% | Consumer Products – 0.7% | Consumer Products – 0.7% |
| Haleon US Capital LLC, 3.625%, 3/24/2032  | $378000 | &nbsp;&nbsp;&nbsp; $355186 |
| HFC Prestige Products, Inc./HFC Prestige International US LLC, 4.75%, 1/15/2029 (n) | 150000 | &nbsp;&nbsp;&nbsp; 145995 |
| HFC Prestige Products, Inc./HFC Prestige International US LLC, 6.625%, 7/15/2030 (n) | 113000 | &nbsp;&nbsp;&nbsp; 112063 |
| Mattel, Inc., 3.75%, 4/01/2029 (n) | 216000 | &nbsp;&nbsp;&nbsp; 208896 |
|  |  | &nbsp;&nbsp;&nbsp; $822140 |
| Consumer Services – 0.9% | Consumer Services – 0.9% | Consumer Services – 0.9% |
| Airbnb, Inc., 4.65%, 3/16/2031  | $188000 | &nbsp;&nbsp;&nbsp; $187576 |
| Airbnb, Inc., 5.25%, 3/16/2036  | 78000 | &nbsp;&nbsp;&nbsp; 78079 |
| CBRE Group, Inc., 5.95%, 8/15/2034  | 431000 | &nbsp;&nbsp;&nbsp; 448674 |
| Rentokil Terminix LLC, 5%, 4/28/2030 (n) | 200000 | &nbsp;&nbsp;&nbsp; 200794 |
| Service Corp. International, 5.75%, 10/15/2032  | 180000 | &nbsp;&nbsp;&nbsp; 179654 |
|  |  | &nbsp;&nbsp;&nbsp; $1094777 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Diversified Financial Services – 2.4% | Diversified Financial Services – 2.4% | Diversified Financial Services – 2.4% |
| Avolon Holdings Funding Ltd., 4.375%, 5/01/2026 (n) | $208000 | &nbsp;&nbsp;&nbsp; $207989 |
| Avolon Holdings Funding Ltd., 2.75%, 2/21/2028 (n) | 381000 | &nbsp;&nbsp;&nbsp; 367424 |
| Avolon Holdings Funding Ltd., 4.95%, 10/15/2032 (n) | 293000 | &nbsp;&nbsp;&nbsp; 285375 |
| FTAI Aviation Investors LLC, 7%, 5/01/2031 (n) | 307000 | &nbsp;&nbsp;&nbsp; 314715 |
| Macquarie AirFinance Holdings Ltd., 5.15%, 3/17/2030 (n) | 132000 | &nbsp;&nbsp;&nbsp; 131325 |
| Macquarie AirFinance Holdings Ltd., 6.5%, 3/26/2031 (n) | 237000 | &nbsp;&nbsp;&nbsp; 248173 |
| Rocket Cos., Inc., 6.125%, 8/01/2030 (n) | 162000 | &nbsp;&nbsp;&nbsp; 163495 |
| Rocket Cos., Inc., 6.375%, 8/01/2033 (n) | 207000 | &nbsp;&nbsp;&nbsp; 209224 |
| Rocket Mortgage Co-Issuer, Inc., 3.875%, 3/01/2031 (n) | 189000 | &nbsp;&nbsp;&nbsp; 174405 |
| SMBC Aviation Capital Finance DAC, 5.3%, 4/03/2029 (n) | 525000 | &nbsp;&nbsp;&nbsp; 532989 |
| SMBC Aviation Capital Finance DAC, 5.25%, 11/26/2035 (n) | 364000 | &nbsp;&nbsp;&nbsp; 355404 |
|  |  | &nbsp;&nbsp;&nbsp; $2990518 |
| Electrical Equipment – 0.4% | Electrical Equipment – 0.4% | Electrical Equipment – 0.4% |
| Arrow Electronics, Inc., 5.875%, 4/10/2034  | $458000 | &nbsp;&nbsp;&nbsp; $469500 |
| Emerging Market Quasi-Sovereign – 0.3% | Emerging Market Quasi-Sovereign – 0.3% | Emerging Market Quasi-Sovereign – 0.3% |
| Comision Federal de Electricidad (United Mexican States), 6.045%, 1/28/2034 (n)  | $400000 | &nbsp;&nbsp;&nbsp; $387640 |
| Emerging Market Sovereign – 1.2% | Emerging Market Sovereign – 1.2% | Emerging Market Sovereign – 1.2% |
| Eagle Funding LuxCo S.à r.l. (United Mexican States), 5.5%, 8/17/2030 (n) | $311000 | &nbsp;&nbsp;&nbsp; $312633 |
| United Mexican States, 5.85%, 7/02/2032  | 405000 | &nbsp;&nbsp;&nbsp; 406458 |
| United Mexican States, 5.625%, 2/09/2034  | 331000 | &nbsp;&nbsp;&nbsp; 323718 |
| United Mexican States, 6.625%, 1/29/2038  | 400000 | &nbsp;&nbsp;&nbsp; 407600 |
|  |  | &nbsp;&nbsp;&nbsp; $1450409 |
| Energy - Independent – 1.2% | Energy - Independent – 1.2% | Energy - Independent – 1.2% |
| Occidental Petroleum Corp., 4.4%, 4/15/2046  | $531000 | &nbsp;&nbsp;&nbsp; $419898 |
| Pioneer Natural Resources Co., 1.9%, 8/15/2030  | 94000 | &nbsp;&nbsp;&nbsp; 84543 |
| Pioneer Natural Resources Co., 2.15%, 1/15/2031  | 592000 | &nbsp;&nbsp;&nbsp; 533505 |
| Santos Finance Ltd., 6.875%, 9/19/2033 (n) | 297000 | &nbsp;&nbsp;&nbsp; 323354 |
| Santos Finance Ltd., 5.75%, 11/13/2035 (n) | 145000 | &nbsp;&nbsp;&nbsp; 145336 |
|  |  | &nbsp;&nbsp;&nbsp; $1506636 |
| Energy - Integrated – 0.2% | Energy - Integrated – 0.2% | Energy - Integrated – 0.2% |
| BP Capital Markets America, Inc., 3.001%, 3/17/2052  | $305000 | &nbsp;&nbsp;&nbsp; $193002 |
| Entertainment & Leisure – 1.0% | Entertainment & Leisure – 1.0% | Entertainment & Leisure – 1.0% |
| Carnival Corp., 5.75%, 8/01/2032 (n) | $438000 | &nbsp;&nbsp;&nbsp; $437858 |
| Royal Caribbean Cruises Ltd., 5.625%, 9/30/2031 (n) | 207000 | &nbsp;&nbsp;&nbsp; 209040 |
| Royal Caribbean Cruises Ltd., 6%, 2/01/2033 (n) | 261000 | &nbsp;&nbsp;&nbsp; 263608 |
| Royal Caribbean Cruises Ltd., 5.375%, 1/15/2036  | 77000 | &nbsp;&nbsp;&nbsp; 75648 |
| Six Flags Entertainment Corp., 6.625%, 5/01/2032 (n) | 266000 | &nbsp;&nbsp;&nbsp; 265361 |
|  |  | &nbsp;&nbsp;&nbsp; $1251515 |
| Food & Beverages – 4.0% | Food & Beverages – 4.0% | Food & Beverages – 4.0% |
| Anheuser-Busch InBev Worldwide, Inc., 4.439%, 10/06/2048  | $505000 | &nbsp;&nbsp;&nbsp; $423412 |
| Bacardi-Martini B.V., 5.4%, 6/15/2033 (n) | 569000 | &nbsp;&nbsp;&nbsp; 563358 |
| Flowers Foods, Inc., 5.75%, 3/15/2035  | 269000 | &nbsp;&nbsp;&nbsp; 257001 |
| Flowers Foods, Inc., 6.2%, 3/15/2055  | 107000 | &nbsp;&nbsp;&nbsp; 86794 |
| JBS N.V./JBS USA Foods Group Holdings, Inc./JBS USA Food Co., 3.75%, 12/01/2031  | 417000 | &nbsp;&nbsp;&nbsp; 389424 |
| JBS N.V./JBS USA Foods Group Holdings, Inc./JBS USA Food Co., 3.625%, 1/15/2032  | 170000 | &nbsp;&nbsp;&nbsp; 157469 |
| JBS N.V./JBS USA Foods Group Holdings, Inc./JBS USA Food Co., 6.5%, 12/01/2052  | 179000 | &nbsp;&nbsp;&nbsp; 181205 |
| Kraft Heinz Foods Co., 4.875%, 10/01/2049  | 75000 | &nbsp;&nbsp;&nbsp; 61334 |
| Kraft Heinz Foods Co., 5.5%, 6/01/2050  | 419000 | &nbsp;&nbsp;&nbsp; 374446 |
| Mars, Inc., 4.55%, 4/20/2028 (n) | 123000 | &nbsp;&nbsp;&nbsp; 123820 |
| Mars, Inc., 5%, 3/01/2032 (n) | 587000 | &nbsp;&nbsp;&nbsp; 593970 |
| Mars, Inc., 5.2%, 3/01/2035 (n) | 102000 | &nbsp;&nbsp;&nbsp; 102971 |
| Mars, Inc., 3.95%, 4/01/2049 (n) | 307000 | &nbsp;&nbsp;&nbsp; 237466 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Food & Beverages – continued | Food & Beverages – continued | Food & Beverages – continued |
| Mars, Inc., 5.7%, 5/01/2055 (n) | $415000 | &nbsp;&nbsp;&nbsp; $404655 |
| Primo Water Holdings, Inc./Triton Water Holdings, 4.375%, 4/30/2029 (n) | 523000 | &nbsp;&nbsp;&nbsp; 508226 |
| SYSCO Corp., 4.45%, 3/15/2048  | 320000 | &nbsp;&nbsp;&nbsp; 252534 |
| U.S. Foods Holding Corp., 5.75%, 4/15/2033 (n) | 263000 | &nbsp;&nbsp;&nbsp; 261831 |
|  |  | &nbsp;&nbsp;&nbsp; $4979916 |
| Global Systemically Important Banks – 10.0% | Global Systemically Important Banks – 10.0% | Global Systemically Important Banks – 10.0% |
| Bank of America Corp., 4.376% to 4/27/2027, FLR (SOFR - 1 day + 1.58%) to 4/27/2028  | $392000 | &nbsp;&nbsp;&nbsp; $391711 |
| Bank of America Corp., 5.819% to 9/15/2028, FLR (SOFR - 1 day + 1.57%) to 9/15/2029  | 199000 | &nbsp;&nbsp;&nbsp; 205286 |
| Bank of America Corp., 2.687% to 4/22/2031, FLR (SOFR - 1 day + 1.32%) to 4/22/2032  | 351000 | &nbsp;&nbsp;&nbsp; 318083 |
| Bank of America Corp., 5.872% to 9/15/2033, FLR (SOFR - 1 day + 1.84%) to 9/15/2034  | 261000 | &nbsp;&nbsp;&nbsp; 273309 |
| Barclays PLC, 2.894% to 11/24/2031, FLR (CMT - 1yr. + 1.3%) to 11/24/2032  | 451000 | &nbsp;&nbsp;&nbsp; 402956 |
| BNP Paribas S.A., 6.875% to 12/15/2033, FLR (CMT - 5yr. + 2.853%) to 6/15/2174 (n) | 339000 | &nbsp;&nbsp;&nbsp; 327572 |
| Goldman Sachs Group, Inc., 4.692% to 10/23/2029, FLR (SOFR - 1 day + 1.135%) to 10/23/2030  | 282000 | &nbsp;&nbsp;&nbsp; 282221 |
| Goldman Sachs Group, Inc., 5.016% to 10/23/2034, FLR (SOFR - 1 day + 1.42%) to 10/23/2035  | 389000 | &nbsp;&nbsp;&nbsp; 381805 |
| Goldman Sachs Group, Inc., 5.065% to 1/21/2036, FLR (SOFR - 1 day + 1.19%) to 1/21/2037  | 392000 | &nbsp;&nbsp;&nbsp; 383247 |
| HSBC Holdings PLC, 5.13% to 3/03/2030, FLR (SOFR - 1 day + 1.29%) to 3/03/2031  | 350000 | &nbsp;&nbsp;&nbsp; 353955 |
| HSBC Holdings PLC, 2.871% to 11/22/2031, FLR (SOFR - 1 day + 1.41%) to 11/22/2032  | 278000 | &nbsp;&nbsp;&nbsp; 248743 |
| HSBC Holdings PLC, 5.279% to 3/10/2036, FLR (SOFR - 1 day + 1.55%) to 3/10/2037  | 293000 | &nbsp;&nbsp;&nbsp; 287737 |
| JPMorgan Chase & Co., 6.07% to 10/22/2026, FLR (SOFR - 1 day + 1.33%) to 10/22/2027  | 379000 | &nbsp;&nbsp;&nbsp; 382613 |
| JPMorgan Chase & Co., 4.323% to 4/26/2027, FLR (SOFR - 1 day + 1.56%) to 4/26/2028  | 257000 | &nbsp;&nbsp;&nbsp; 256883 |
| JPMorgan Chase & Co., 5.581% to 4/22/2029, FLR (SOFR - 1 day + 1.16%) to 4/22/2030  | 298000 | &nbsp;&nbsp;&nbsp; 307138 |
| JPMorgan Chase & Co., 2.545% to 11/08/2031, FLR (SOFR - 1 day + 1.18%) to 11/08/2032  | 1166000 | &nbsp;&nbsp;&nbsp; 1036473 |
| JPMorgan Chase & Co., 5.336% to 1/23/2034, FLR (SOFR - 1 day + 1.62%) to 1/23/2035  | 246000 | &nbsp;&nbsp;&nbsp; 249776 |
| JPMorgan Chase & Co., 4.946% to 10/22/2034, FLR (SOFR - 1 day + 1.34%) to 10/22/2035  | 593000 | &nbsp;&nbsp;&nbsp; 586496 |
| JPMorgan Chase & Co., 4.898% to 1/22/2036, FLR (SOFR - 1 day + 1.07%) to 1/22/2037  | 528000 | &nbsp;&nbsp;&nbsp; 516653 |
| Mitsubishi UFJ Financial Group, Inc., 1.64% to 10/13/2026, FLR (CMT - 1yr. + 0.67%) to 10/13/2027  | 423000 | &nbsp;&nbsp;&nbsp; 416573 |
| Mitsubishi UFJ Financial Group, Inc., 5.159%, 4/24/2031  | 200000 | &nbsp;&nbsp;&nbsp; 202846 |
| Mitsubishi UFJ Financial Group, Inc., 5.188%, 9/12/2036  | 463000 | &nbsp;&nbsp;&nbsp; 459657 |
| Morgan Stanley, 5.449% to 7/20/2028, FLR (SOFR - 1 day + 1.63%) to 7/20/2029  | 235000 | &nbsp;&nbsp;&nbsp; 239190 |
| Morgan Stanley, 3.622% to 4/01/2030, FLR (SOFR - 1 day + 3.12%) to 4/01/2031  | 150000 | &nbsp;&nbsp;&nbsp; 143836 |
| Morgan Stanley, 5.424% to 7/21/2033, FLR (SOFR - 1 day + 1.88%) to 7/21/2034  | 306000 | &nbsp;&nbsp;&nbsp; 310486 |
| Morgan Stanley, 5.073% to 1/30/2036, FLR (SOFR - 1 day + 1.184%) to 1/30/2037  | 736000 | &nbsp;&nbsp;&nbsp; 721074 |
| UBS Group AG, 3.126% to 8/13/2029, FLR (LIBOR - 3mo. + 1.468%) to 8/13/2030 (n) | 1128000 | &nbsp;&nbsp;&nbsp; 1072874 |
| UBS Group AG, 5.58%, 5/09/2036 (n) | 492000 | &nbsp;&nbsp;&nbsp; 499005 |
| UBS Group AG, 4.375% to 2/10/2031, FLR (CMT - 1yr. + 3.313%) to 8/10/2171 (n) | 300000 | &nbsp;&nbsp;&nbsp; 264660 |
| UBS Group AG, 7% to 8/05/2035, FLR (USD SOFR ICE Swap Rate - 5yr. + 3.296%) to 8/05/2172 (n) | 269000 | &nbsp;&nbsp;&nbsp; 261489 |
| Wells Fargo & Co., 5.574% to 7/25/2028, FLR (SOFR - 1 day + 1.74%) to 7/25/2029  | 267000 | &nbsp;&nbsp;&nbsp; 273134 |
| Wells Fargo & Co., 5.244% to 1/24/2030, FLR (SOFR - 1 day + 1.11%) to 1/24/2031  | 356000 | &nbsp;&nbsp;&nbsp; 362900 |
| Wells Fargo & Co., 5.389% to 4/24/2033, FLR (SOFR - 1 day + 2.02%) to 4/24/2034  | 127000 | &nbsp;&nbsp;&nbsp; 128902 |
|  |  | &nbsp;&nbsp;&nbsp; $12549283 |
| Hardware, Peripherals, & Assembly – 0.1% | Hardware, Peripherals, & Assembly – 0.1% | Hardware, Peripherals, & Assembly – 0.1% |
| Apple, Inc., 2.7%, 8/05/2051  | $163000 | &nbsp;&nbsp;&nbsp; $99828 |
| Healthcare Revenue - Hospitals – 0.1% | Healthcare Revenue - Hospitals – 0.1% | Healthcare Revenue - Hospitals – 0.1% |
| Massachusetts Development Finance Agency Rev., Taxable (Middlesex Sustainable Energy Partners), "B", 7.375%, 10/01/2035  | $140000 | &nbsp;&nbsp;&nbsp; $143116 |
| Industrial – 0.6% | Industrial – 0.6% | Industrial – 0.6% |
| Booz Allen Hamilton, Inc., 5.95%, 4/15/2035  | $331000 | &nbsp;&nbsp;&nbsp; $333699 |
| WSP Global, Inc., 5.714%, 9/18/2036 (n) | 460000 | &nbsp;&nbsp;&nbsp; 455862 |
|  |  | &nbsp;&nbsp;&nbsp; $789561 |
| Insurance – 1.8% | Insurance – 1.8% | Insurance – 1.8% |
| Corebridge Financial, Inc., 6.875% to 12/15/2027, FLR (CMT - 5yr. + 3.846%) to 12/15/2052  | $275000 | &nbsp;&nbsp;&nbsp; $277082 |
| Corebridge Financial, Inc., 6.875% to 12/01/2030, FLR (CMT - 5yr. + 3.181%) to 6/01/2174  | 245000 | &nbsp;&nbsp;&nbsp; 249649 |
| Corebridge Global Funding, 4.9%, 8/21/2032 (n) | 285000 | &nbsp;&nbsp;&nbsp; 280630 |
| Lincoln National Corp., 5.852%, 3/15/2034  | 305000 | &nbsp;&nbsp;&nbsp; 310392 |
| Northwestern Mutual Life Insurance Co., 6.17%, 5/29/2055 (n) | 410000 | &nbsp;&nbsp;&nbsp; 421139 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Insurance – continued | Insurance – continued | Insurance – continued |
| Pacific Life Insurance Co., 5.95%, 9/15/2055 (n) | $399000 | &nbsp;&nbsp;&nbsp; $391481 |
| Sammons Financial Group, Inc., 6.875%, 4/15/2034 (n) | 358000 | &nbsp;&nbsp;&nbsp; 379038 |
|  |  | &nbsp;&nbsp;&nbsp; $2309411 |
| Insurance - Health – 1.6% | Insurance - Health – 1.6% | Insurance - Health – 1.6% |
| Elevance Health, Inc., 5.65%, 6/15/2054  | $439000 | &nbsp;&nbsp;&nbsp; $413563 |
| Humana, Inc., 5.375%, 4/15/2031  | 265000 | &nbsp;&nbsp;&nbsp; 267848 |
| Humana, Inc., 5.55%, 5/01/2035  | 266000 | &nbsp;&nbsp;&nbsp; 263023 |
| Humana, Inc., 4.95%, 10/01/2044  | 232000 | &nbsp;&nbsp;&nbsp; 194222 |
| UnitedHealth Group, Inc., 5.3%, 2/15/2030  | 138000 | &nbsp;&nbsp;&nbsp; 141849 |
| UnitedHealth Group, Inc., 5.5%, 7/15/2044  | 348000 | &nbsp;&nbsp;&nbsp; 335819 |
| UnitedHealth Group, Inc., 5.875%, 2/15/2053  | 335000 | &nbsp;&nbsp;&nbsp; 329930 |
|  |  | &nbsp;&nbsp;&nbsp; $1946254 |
| Insurance - Property & Casualty – 3.2% | Insurance - Property & Casualty – 3.2% | Insurance - Property & Casualty – 3.2% |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 6.75%, 4/15/2028 (n) | $391000 | &nbsp;&nbsp;&nbsp; $393131 |
| American International Group, Inc., 4.85%, 5/07/2030  | 128000 | &nbsp;&nbsp;&nbsp; 129286 |
| American International Group, Inc., 5.125%, 3/27/2033  | 499000 | &nbsp;&nbsp;&nbsp; 503809 |
| Arthur J. Gallagher & Co., 6.5%, 2/15/2034  | 231000 | &nbsp;&nbsp;&nbsp; 249791 |
| Arthur J. Gallagher & Co., 6.75%, 2/15/2054  | 378000 | &nbsp;&nbsp;&nbsp; 408177 |
| Asurion LLC, 8%, 12/31/2032 (n) | 300000 | &nbsp;&nbsp;&nbsp; 311234 |
| Brown & Brown, Inc., 5.25%, 6/23/2032  | 82000 | &nbsp;&nbsp;&nbsp; 81773 |
| Brown & Brown, Inc., 6.25%, 6/23/2055  | 72000 | &nbsp;&nbsp;&nbsp; 71797 |
| Fairfax Financial Holdings Ltd., 3.375%, 3/03/2031  | 268000 | &nbsp;&nbsp;&nbsp; 249535 |
| Fairfax Financial Holdings Ltd., 6.35%, 3/22/2054  | 349000 | &nbsp;&nbsp;&nbsp; 351663 |
| Fairfax Financial Holdings Ltd., 6.5%, 5/20/2055  | 223000 | &nbsp;&nbsp;&nbsp; 228804 |
| Marsh & McLennan Cos., Inc., 4.85%, 11/15/2031  | 360000 | &nbsp;&nbsp;&nbsp; 362936 |
| Marsh & McLennan Cos., Inc., 5.4%, 3/15/2055  | 203000 | &nbsp;&nbsp;&nbsp; 190339 |
| Panther Escrow Issuer, 7.125%, 6/01/2031 (n) | 131000 | &nbsp;&nbsp;&nbsp; 131440 |
| Progressive Corp., 5.15%, 3/26/2036  | 311000 | &nbsp;&nbsp;&nbsp; 311439 |
|  |  | &nbsp;&nbsp;&nbsp; $3975154 |
| International Market Quasi-Sovereign – 0.6% | International Market Quasi-Sovereign – 0.6% | International Market Quasi-Sovereign – 0.6% |
| NBN Co. Ltd. (Commonwealth of Australia), 5.75%, 10/06/2028 (n) | $299000 | &nbsp;&nbsp;&nbsp; $308772 |
| Ontario Teachers' Cadillac Fairview Properties, 2.5%, 10/15/2031 (n) | 499000 | &nbsp;&nbsp;&nbsp; 441253 |
|  |  | &nbsp;&nbsp;&nbsp; $750025 |
| International Market Sovereign – 0.6% | International Market Sovereign – 0.6% | International Market Sovereign – 0.6% |
| Government of Bermuda, 5%, 7/15/2032 (n)  | $783000 | &nbsp;&nbsp;&nbsp; $779085 |
| Machinery & Tools – 0.8% | Machinery & Tools – 0.8% | Machinery & Tools – 0.8% |
| Ashtead Capital, Inc., 5.55%, 5/30/2033 (n) | $200000 | &nbsp;&nbsp;&nbsp; $201951 |
| Ashtead Capital, Inc., 5.95%, 10/15/2033 (n) | 200000 | &nbsp;&nbsp;&nbsp; 205814 |
| CNH Industrial Capital LLC, 5.5%, 1/12/2029  | 310000 | &nbsp;&nbsp;&nbsp; 317706 |
| CNH Industrial N.V., 3.85%, 11/15/2027  | 328000 | &nbsp;&nbsp;&nbsp; 324655 |
|  |  | &nbsp;&nbsp;&nbsp; $1050126 |
| Media – 1.0% | Media – 1.0% | Media – 1.0% |
| Walt Disney Co., 3.5%, 5/13/2040  | $413000 | &nbsp;&nbsp;&nbsp; $338028 |
| Walt Disney Co., 4.75%, 9/15/2044  | 72000 | &nbsp;&nbsp;&nbsp; 63961 |
| Walt Disney Co., 3.6%, 1/13/2051  | 252000 | &nbsp;&nbsp;&nbsp; 182406 |
| WMG Acquisition Corp., 3.75%, 12/01/2029 (n) | 344000 | &nbsp;&nbsp;&nbsp; 326659 |
| WMG Acquisition Corp., 3.875%, 7/15/2030 (n) | 323000 | &nbsp;&nbsp;&nbsp; 303588 |
|  |  | &nbsp;&nbsp;&nbsp; $1214642 |
| Medical & Health Technology & Services – 2.2% | Medical & Health Technology & Services – 2.2% | Medical & Health Technology & Services – 2.2% |
| Alcon Finance Corp., 2.6%, 5/27/2030 (n) | $366000 | &nbsp;&nbsp;&nbsp; $338523 |
| Alcon Finance Corp., 3.8%, 9/23/2049 (n) | 230000 | &nbsp;&nbsp;&nbsp; 171014 |
| Baxter International, Inc., 4.9%, 12/15/2030  | 115000 | &nbsp;&nbsp;&nbsp; 113517 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Medical & Health Technology & Services – continued | Medical & Health Technology & Services – continued | Medical & Health Technology & Services – continued |
| Baxter International, Inc., 5.65%, 12/15/2035  | $163000 | &nbsp;&nbsp;&nbsp; $159190 |
| CommonSpirit Health, 5.662%, 9/01/2055  | 213000 | &nbsp;&nbsp;&nbsp; 205030 |
| HCA, Inc., 4.9%, 11/15/2035  | 147000 | &nbsp;&nbsp;&nbsp; 142121 |
| HCA, Inc., 5.7%, 11/15/2055  | 243000 | &nbsp;&nbsp;&nbsp; 226049 |
| ICON Investments Six DAC, 5.809%, 5/08/2027  | 360000 | &nbsp;&nbsp;&nbsp; 361823 |
| ICON Investments Six DAC, 5.849%, 5/08/2029  | 315000 | &nbsp;&nbsp;&nbsp; 321179 |
| Marin General Hospital, 7.242%, 8/01/2045  | 272000 | &nbsp;&nbsp;&nbsp; 293210 |
| Thermo Fisher Scientific, Inc., 4.473%, 10/07/2032  | 476000 | &nbsp;&nbsp;&nbsp; 471007 |
|  |  | &nbsp;&nbsp;&nbsp; $2802663 |
| Medical Equipment – 1.4% | Medical Equipment – 1.4% | Medical Equipment – 1.4% |
| Abbott Laboratories, 4.65%, 3/15/2036  | $550000 | &nbsp;&nbsp;&nbsp; $537822 |
| Augusta SpinCo Corp., 4.945%, 3/23/2033  | 209000 | &nbsp;&nbsp;&nbsp; 208277 |
| Augusta SpinCo Corp., 5.245%, 3/23/2036  | 231000 | &nbsp;&nbsp;&nbsp; 231055 |
| Danaher Corp., 2.6%, 10/01/2050  | 518000 | &nbsp;&nbsp;&nbsp; 309564 |
| Stryker Corp., 4.625%, 9/11/2034  | 480000 | &nbsp;&nbsp;&nbsp; 468556 |
|  |  | &nbsp;&nbsp;&nbsp; $1755274 |
| Metals & Mining – 1.0% | Metals & Mining – 1.0% | Metals & Mining – 1.0% |
| FMG Resources (August 2006) Pty Ltd., 4.375%, 4/01/2031 (n) | $313000 | &nbsp;&nbsp;&nbsp; $295737 |
| Glencore Finance (Canada) Ltd., 5.55%, 10/25/2042 (n) | 30000 | &nbsp;&nbsp;&nbsp; 28617 |
| IAMGOLD Corp., 5.75%, 10/15/2028 (n) | 437000 | &nbsp;&nbsp;&nbsp; 434873 |
| Northern Star Resources Ltd. Co., 6.125%, 4/11/2033 (n) | 496000 | &nbsp;&nbsp;&nbsp; 512229 |
|  |  | &nbsp;&nbsp;&nbsp; $1271456 |
| Midstream – 4.5% | Midstream – 4.5% | Midstream – 4.5% |
| Cheniere Energy Partners, L.P., 5.55%, 10/30/2035  | $436000 | &nbsp;&nbsp;&nbsp; $444000 |
| Columbia Pipelines Holdings Co. LLC, 6.055%, 8/15/2026 (n) | 105000 | &nbsp;&nbsp;&nbsp; 105477 |
| Columbia Pipelines Operating Co. LLC, 6.497%, 8/15/2043 (n) | 258000 | &nbsp;&nbsp;&nbsp; 269381 |
| Columbia Pipelines Operating Co. LLC, 6.544%, 11/15/2053 (n) | 257000 | &nbsp;&nbsp;&nbsp; 269602 |
| Eastern Energy Gas Holdings LLC, 5.65%, 10/15/2054  | 542000 | &nbsp;&nbsp;&nbsp; 510494 |
| Energy Transfer LP, 6.5% to 2/15/2031, FLR (CMT - 5yr. + 2.676%) to 2/15/2056  | 228000 | &nbsp;&nbsp;&nbsp; 225259 |
| Energy Transfer LP, 7.125% to 5/15/2030, FLR (CMT - 5yr. + 5.306%) to 5/15/2171  | 194000 | &nbsp;&nbsp;&nbsp; 197458 |
| Galaxy Pipeline Assets Bidco Ltd., 1.75%, 9/30/2027 (n) | 163569 | &nbsp;&nbsp;&nbsp; 159117 |
| Plains All American Pipeline LP, 5.95%, 6/15/2035  | 292000 | &nbsp;&nbsp;&nbsp; 301489 |
| Plains All American Pipeline LP, 5.6%, 1/15/2036  | 216000 | &nbsp;&nbsp;&nbsp; 216700 |
| Plains All American Pipeline LP, 4.9%, 2/15/2045  | 425000 | &nbsp;&nbsp;&nbsp; 368146 |
| Rockies Express Pipeline LLC, 4.95%, 7/15/2029 (n) | 454000 | &nbsp;&nbsp;&nbsp; 442679 |
| Rockies Express Pipeline LLC, 7.5%, 7/15/2038 (n) | 119000 | &nbsp;&nbsp;&nbsp; 124189 |
| Rockies Express Pipeline LLC, 6.875%, 4/15/2040 (n) | 92000 | &nbsp;&nbsp;&nbsp; 91583 |
| Sunoco LP, 6.625%, 8/15/2032 (n) | 476000 | &nbsp;&nbsp;&nbsp; 483457 |
| Targa Resources Corp., 4.2%, 2/01/2033  | 220000 | &nbsp;&nbsp;&nbsp; 208282 |
| Targa Resources Corp., 4.95%, 4/15/2052  | 551000 | &nbsp;&nbsp;&nbsp; 460634 |
| Targa Resources Corp., 6.25%, 7/01/2052  | 200000 | &nbsp;&nbsp;&nbsp; 199153 |
| Venture Global Calcasieu Pass LLC, 6.25%, 1/15/2030 (n) | 70000 | &nbsp;&nbsp;&nbsp; 71598 |
| Venture Global Calcasieu Pass LLC, 4.125%, 8/15/2031 (n) | 264000 | &nbsp;&nbsp;&nbsp; 244888 |
| Venture Global LNG, Inc., 9% to 9/30/2029, FLR (CMT - 5yr. + 5.44%) to 3/30/2173 (n) | 209000 | &nbsp;&nbsp;&nbsp; 208174 |
| Venture Global Plaquemines LNG LLC, 6.75%, 1/15/2036 (n) | 90000 | &nbsp;&nbsp;&nbsp; 95324 |
|  |  | &nbsp;&nbsp;&nbsp; $5697084 |
| Municipals – 0.4% | Municipals – 0.4% | Municipals – 0.4% |
| Golden State, CA, Tobacco Securitization Corp., Tobacco Settlement Rev., Taxable, "B", 2.746%, 6/01/2034  | $225000 | &nbsp;&nbsp;&nbsp; $199113 |
| New Hampshire National Finance Authority, Utility Refunding Rev., Taxable (Wheeling Power Co. Project), "A", <br> 6.89%, 4/01/2034 <br>| 275000 | &nbsp;&nbsp;&nbsp; 287544 |
|  |  | &nbsp;&nbsp;&nbsp; $486657 |
| Natural Gas - Distribution – 0.4% | Natural Gas - Distribution – 0.4% | Natural Gas - Distribution – 0.4% |
| Boston Gas Co., 5.843%, 1/10/2035 (n)  | $540000 | &nbsp;&nbsp;&nbsp; $565044 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Network & Telecom – 0.5% | Network & Telecom – 0.5% | Network & Telecom – 0.5% |
| NTT Finance Corp., 5.171%, 7/16/2032 (n) | $463000 | &nbsp;&nbsp;&nbsp; $466388 |
| NTT Finance Corp., 5.502%, 7/16/2035 (n) | 200000 | &nbsp;&nbsp;&nbsp; 202846 |
|  |  | &nbsp;&nbsp;&nbsp; $669234 |
| Non-Global Systemically Important Banks – 8.2% | Non-Global Systemically Important Banks – 8.2% | Non-Global Systemically Important Banks – 8.2% |
| AIB Group PLC, 6.608% to 9/13/2028, FLR (SOFR - 1 day + 2.33%) to 9/13/2029 (n) | $578000 | &nbsp;&nbsp;&nbsp; $604930 |
| AIB Group PLC, 5.871% to 3/28/2034, FLR (SOFR - 1 day + 1.91%) to 3/28/2035 (n) | 200000 | &nbsp;&nbsp;&nbsp; 206672 |
| Bank Hapoalim B.M., 4.722%, 7/14/2029 (n) | 573000 | &nbsp;&nbsp;&nbsp; 565979 |
| BBVA Bancomer S.A. (Texas), 8.125%, 1/08/2039 (n) | 332000 | &nbsp;&nbsp;&nbsp; 349651 |
| BPCE S.A., 5.716% to 1/18/2029, FLR (CMT - 1yr. + 1.959%) to 1/18/2030 (n) | 406000 | &nbsp;&nbsp;&nbsp; 416169 |
| CaixaBank S.A., 5.673% to 3/15/2029, FLR (SOFR - 1 day + 1.78%) to 3/15/2030 (n) | 200000 | &nbsp;&nbsp;&nbsp; 205484 |
| CaixaBank S.A., 6.84% to 9/13/2033, FLR (SOFR - 1 day + 2.77%) to 9/13/2034 (n) | 610000 | &nbsp;&nbsp;&nbsp; 664345 |
| Commonwealth Bank of Australia, 3.61% to 9/12/2029, FLR (CMT - 1yr. + 2.05%) to 9/12/2034 (n) | 631000 | &nbsp;&nbsp;&nbsp; 606034 |
| Commonwealth Bank of Australia, 3.305%, 3/11/2041 (n) | 280000 | &nbsp;&nbsp;&nbsp; 213062 |
| Danske Bank A.S., 5.705% to 3/01/2029, FLR (CMT - 1yr. + 1.4%) to 3/01/2030 (n) | 499000 | &nbsp;&nbsp;&nbsp; 513227 |
| Deutsche Bank AG, 5.706% to 2/08/2027, FLR (SOFR - 1 day + 1.594%) to 2/08/2028  | 362000 | &nbsp;&nbsp;&nbsp; 365028 |
| Deutsche Bank AG, 5.373% to 1/10/2028, FLR (SOFR - 1 day + 1.21%) to 1/10/2029  | 436000 | &nbsp;&nbsp;&nbsp; 441021 |
| Deutsche Bank AG, 4.95% to 8/04/2030, FLR (SOFR - 1 day + 1.3%) to 8/04/2031  | 213000 | &nbsp;&nbsp;&nbsp; 212198 |
| Deutsche Bank AG, 7.079% to 2/10/2033, FLR (SOFR - 1 day + 3.65%) to 2/10/2034  | 283000 | &nbsp;&nbsp;&nbsp; 303258 |
| M&T Bank Corp., 7.413% to 10/30/2028, FLR (SOFR - 1 day + 2.80%) to 10/30/2029  | 153000 | &nbsp;&nbsp;&nbsp; 163504 |
| M&T Bank Corp., 5.053% to 1/27/2033, FLR (SOFR - 1 day + 1.850%) to 1/27/2034  | 267000 | &nbsp;&nbsp;&nbsp; 263723 |
| Manufacturers and Traders Trust Co., 4.7%, 1/27/2028  | 265000 | &nbsp;&nbsp;&nbsp; 266561 |
| National Australia Bank Ltd., 3.347% to 1/12/2032, FLR (CMT - 5yr. + 1.7%) to 1/12/2037 (n) | 673000 | &nbsp;&nbsp;&nbsp; 608660 |
| Nationwide Building Society, 4.351%, 9/30/2030 (n) | 461000 | &nbsp;&nbsp;&nbsp; 453703 |
| Nordea Bank Abp, 1.5%, 9/30/2026 (n) | 721000 | &nbsp;&nbsp;&nbsp; 711590 |
| PNC Financial Services Group, Inc., 5.3% to 1/21/2027, FLR (SOFR - 1 day + 1.342%) to 1/21/2028  | 200000 | &nbsp;&nbsp;&nbsp; 201368 |
| PNC Financial Services Group, Inc., 5.676% to 1/22/2034, FLR (SOFR - 1 day + 1.902%) to 1/22/2035  | 266000 | &nbsp;&nbsp;&nbsp; 273636 |
| PNC Financial Services Group, Inc., 5.575% to 1/29/2035, FLR (SOFR - 1 day + 1.394%) to 1/29/2036  | 302000 | &nbsp;&nbsp;&nbsp; 308313 |
| Sumitomo Mitsui Financial Group, Inc., 1.71%, 1/12/2031  | 854000 | &nbsp;&nbsp;&nbsp; 745947 |
| Truist Financial Corp., 7.161% to 10/30/2028, FLR (SOFR - 1 day + 2.446%) to 10/30/2029  | 388000 | &nbsp;&nbsp;&nbsp; 412379 |
| UniCredit S.p.A., 1.982% to 6/03/2026, FLR (CMT - 1yr. + 1.2%) to 6/03/2027 (n) | 201000 | &nbsp;&nbsp;&nbsp; 200072 |
|  |  | &nbsp;&nbsp;&nbsp; $10276514 |
| Pharmaceuticals & Biotechnology – 1.6% | Pharmaceuticals & Biotechnology – 1.6% | Pharmaceuticals & Biotechnology – 1.6% |
| AbbVie, Inc., 4.75%, 3/15/2036  | $210000 | &nbsp;&nbsp;&nbsp; $206035 |
| AbbVie, Inc., 5.35%, 3/15/2044  | 468000 | &nbsp;&nbsp;&nbsp; 455524 |
| AbbVie, Inc., 5.4%, 3/15/2054  | 271000 | &nbsp;&nbsp;&nbsp; 258766 |
| Eli Lilly & Co., 5.5%, 2/12/2055  | 181000 | &nbsp;&nbsp;&nbsp; 177414 |
| Merck & Co., Inc., 4.75%, 12/04/2035  | 471000 | &nbsp;&nbsp;&nbsp; 462163 |
| Pfizer Investment Enterprises Pte. Ltd., 5.3%, 5/19/2053  | 285000 | &nbsp;&nbsp;&nbsp; 264871 |
| Pfizer, Inc., 2.55%, 5/28/2040  | 188000 | &nbsp;&nbsp;&nbsp; 136280 |
|  |  | &nbsp;&nbsp;&nbsp; $1961053 |
| Pollution Control – 0.2% | Pollution Control – 0.2% | Pollution Control – 0.2% |
| GFL Environmental, Inc., 3.5%, 9/01/2028 (n)  | $222000 | &nbsp;&nbsp;&nbsp; $215853 |
| Railroads – 0.8% | Railroads – 0.8% | Railroads – 0.8% |
| Burlington Northern Santa Fe LLC, 5.2%, 4/15/2054  | $493000 | &nbsp;&nbsp;&nbsp; $453670 |
| Burlington Northern Sante Fe LLC, 5.5%, 3/15/2055  | 192000 | &nbsp;&nbsp;&nbsp; 185099 |
| Canadian Pacific Railway Co., 3.1%, 12/02/2051  | 649000 | &nbsp;&nbsp;&nbsp; 423800 |
|  |  | &nbsp;&nbsp;&nbsp; $1062569 |
| Real Estate - Apartment – 0.7% | Real Estate - Apartment – 0.7% | Real Estate - Apartment – 0.7% |
| American Homes 4 Rent LP, REIT, 5.5%, 7/15/2034  | $167000 | &nbsp;&nbsp;&nbsp; $167059 |
| American Homes 4 Rent LP, REIT, 5.25%, 3/15/2035  | 637000 | &nbsp;&nbsp;&nbsp; 627471 |
| American Homes 4 Rent LP, REIT, 4.3%, 4/15/2052  | 171000 | &nbsp;&nbsp;&nbsp; 130098 |
|  |  | &nbsp;&nbsp;&nbsp; $924628 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Real Estate - Other – 0.5% | Real Estate - Other – 0.5% | Real Estate - Other – 0.5% |
| Lexington Realty Trust Co., 2.375%, 10/01/2031  | $423000 | &nbsp;&nbsp;&nbsp; $367136 |
| Prologis LP, REIT, 5.125%, 1/15/2034  | 311000 | &nbsp;&nbsp;&nbsp; 314401 |
|  |  | &nbsp;&nbsp;&nbsp; $681537 |
| Real Estate - Retail – 0.8% | Real Estate - Retail – 0.8% | Real Estate - Retail – 0.8% |
| NNN REIT, Inc., 5.6%, 10/15/2033  | $303000 | &nbsp;&nbsp;&nbsp; $311807 |
| STORE Capital Corp., REIT, 4.625%, 3/15/2029  | 233000 | &nbsp;&nbsp;&nbsp; 230515 |
| STORE Capital Corp., REIT, 2.7%, 12/01/2031  | 591000 | &nbsp;&nbsp;&nbsp; 514277 |
|  |  | &nbsp;&nbsp;&nbsp; $1056599 |
| Real Estate - Storage & Office – 1.5% | Real Estate - Storage & Office – 1.5% | Real Estate - Storage & Office – 1.5% |
| Boston Properties LP, REIT, 2.75%, 10/01/2026  | $300000 | &nbsp;&nbsp;&nbsp; $297217 |
| COPT Defense Properties, 4.5%, 10/15/2030  | 153000 | &nbsp;&nbsp;&nbsp; 151023 |
| Corporate Office Property LP, REIT, 2%, 1/15/2029  | 286000 | &nbsp;&nbsp;&nbsp; 266744 |
| Corporate Office Property LP, REIT, 2.75%, 4/15/2031  | 140000 | &nbsp;&nbsp;&nbsp; 126760 |
| Cousins Properties, Inc., REIT, 5.875%, 10/01/2034  | 232000 | &nbsp;&nbsp;&nbsp; 234954 |
| Highwoods Realty LP, 5.35%, 1/15/2033  | 526000 | &nbsp;&nbsp;&nbsp; 513585 |
| Vornado Realty LP, 5.75%, 2/01/2033  | 287000 | &nbsp;&nbsp;&nbsp; 281440 |
|  |  | &nbsp;&nbsp;&nbsp; $1871723 |
| Refining – 0.3% | Refining – 0.3% | Refining – 0.3% |
| MC Brazil Downstream Trading S.à r.l., 7.25%, 6/30/2031  | $268226 | &nbsp;&nbsp;&nbsp; $241752 |
| Raizen Fuels Finance S.A., 6.25%, 7/08/2032 (a)(n) | 291000 | &nbsp;&nbsp;&nbsp; 160778 |
|  |  | &nbsp;&nbsp;&nbsp; $402530 |
| Retail & E-commerce – 1.4% | Retail & E-commerce – 1.4% | Retail & E-commerce – 1.4% |
| Alimentation Couche-Tard, Inc., 3.8%, 1/25/2050 (n) | $360000 | &nbsp;&nbsp;&nbsp; $263336 |
| Amazon.com, Inc., 5.65%, 3/13/2046  | 522000 | &nbsp;&nbsp;&nbsp; 520194 |
| DICK'S Sporting Goods, 4.1%, 1/15/2052  | 365000 | &nbsp;&nbsp;&nbsp; 258526 |
| Home Depot, Inc., 4.85%, 6/25/2031  | 137000 | &nbsp;&nbsp;&nbsp; 140048 |
| Home Depot, Inc., 3.3%, 4/15/2040  | 416000 | &nbsp;&nbsp;&nbsp; 332364 |
| O'Reilly Automotive, Inc., 5.1%, 3/12/2036  | 209000 | &nbsp;&nbsp;&nbsp; 206264 |
|  |  | &nbsp;&nbsp;&nbsp; $1720732 |
| Semiconductor & Electronic Components – 1.9% | Semiconductor & Electronic Components – 1.9% | Semiconductor & Electronic Components – 1.9% |
| Broadcom, Inc., 5.05%, 7/12/2029  | $277000 | &nbsp;&nbsp;&nbsp; $282727 |
| Broadcom, Inc., 5.2%, 7/15/2035  | 373000 | &nbsp;&nbsp;&nbsp; 375909 |
| Broadcom, Inc., 4.8%, 2/15/2036  | 329000 | &nbsp;&nbsp;&nbsp; 320754 |
| Broadcom, Inc., 5.7%, 1/15/2056  | 282000 | &nbsp;&nbsp;&nbsp; 280538 |
| Intel Corp., 5.7%, 2/10/2053  | 231000 | &nbsp;&nbsp;&nbsp; 212697 |
| NXP B.V./NXP Funding LLC/NXP USA, Inc., 5%, 1/15/2033  | 108000 | &nbsp;&nbsp;&nbsp; 107485 |
| NXP B.V./NXP Funding LLC/NXP USA, Inc., 5.25%, 8/19/2035  | 625000 | &nbsp;&nbsp;&nbsp; 623106 |
| NXP B.V./NXP Funding LLC/NXP USA, Inc., 3.125%, 2/15/2042  | 183000 | &nbsp;&nbsp;&nbsp; 129573 |
|  |  | &nbsp;&nbsp;&nbsp; $2332789 |
| Software – 1.9% | Software – 1.9% | Software – 1.9% |
| Microsoft Corp., 2.525%, 6/01/2050  | $124000 | &nbsp;&nbsp;&nbsp; $74351 |
| Microsoft Corp., 2.5%, 9/15/2050  | 487000 | &nbsp;&nbsp;&nbsp; 289328 |
| Oracle Corp., 4.95%, 2/04/2031  | 338000 | &nbsp;&nbsp;&nbsp; 330713 |
| Oracle Corp., 4.8%, 9/26/2032  | 127000 | &nbsp;&nbsp;&nbsp; 120948 |
| Oracle Corp., 5.35%, 5/04/2033  | 433000 | &nbsp;&nbsp;&nbsp; 421517 |
| Oracle Corp., 5.2%, 9/26/2035  | 138000 | &nbsp;&nbsp;&nbsp; 129443 |
| Oracle Corp., 5.7%, 2/04/2036  | 268000 | &nbsp;&nbsp;&nbsp; 257679 |
| Oracle Corp., 4%, 7/15/2046  | 122000 | &nbsp;&nbsp;&nbsp; 82159 |
| Oracle Corp., 5.55%, 2/06/2053  | 128000 | &nbsp;&nbsp;&nbsp; 102126 |
| Salesforce, Inc., 4.9%, 9/15/2031  | 271000 | &nbsp;&nbsp;&nbsp; 270616 |
| Salesforce, Inc., 5.55%, 3/15/2036  | 314000 | &nbsp;&nbsp;&nbsp; 313023 |
|  |  | &nbsp;&nbsp;&nbsp; $2391903 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Supermarkets – 0.2% | Supermarkets – 0.2% | Supermarkets – 0.2% |
| Kroger Co., 5.5%, 9/15/2054  | $272000 | &nbsp;&nbsp;&nbsp; $252601 |
| Telecommunications - Wireless – 2.0% | Telecommunications - Wireless – 2.0% | Telecommunications - Wireless – 2.0% |
| American Tower Corp., 5.2%, 2/15/2029  | $359000 | &nbsp;&nbsp;&nbsp; $365085 |
| American Tower Corp., 5.45%, 2/15/2034  | 292000 | &nbsp;&nbsp;&nbsp; 296836 |
| American Tower Corp., 3.7%, 10/15/2049  | 190000 | &nbsp;&nbsp;&nbsp; 136391 |
| Cellnex Finance Co. S.A., 3.875%, 7/07/2041 (n) | 565000 | &nbsp;&nbsp;&nbsp; 446420 |
| Rogers Communications, Inc., 4.5%, 3/15/2042  | 288000 | &nbsp;&nbsp;&nbsp; 242866 |
| Rogers Communications, Inc., 4.55%, 3/15/2052  | 63000 | &nbsp;&nbsp;&nbsp; 49760 |
| T-Mobile USA, Inc., 5.05%, 7/15/2033  | 111000 | &nbsp;&nbsp;&nbsp; 111769 |
| T-Mobile USA, Inc., 3%, 2/15/2041  | 553000 | &nbsp;&nbsp;&nbsp; 404313 |
| Vodafone Group PLC, 5.625%, 2/10/2053  | 480000 | &nbsp;&nbsp;&nbsp; 448238 |
|  |  | &nbsp;&nbsp;&nbsp; $2501678 |
| Tobacco – 1.0% | Tobacco – 1.0% | Tobacco – 1.0% |
| B.A.T. Capital Corp., 6.343%, 8/02/2030  | $389000 | &nbsp;&nbsp;&nbsp; $415250 |
| Imperial Brands Finance PLC, 5.5%, 2/01/2030 (n) | 325000 | &nbsp;&nbsp;&nbsp; 333334 |
| Japan Tobacco, Inc., 5.25%, 6/15/2030 (n) | 442000 | &nbsp;&nbsp;&nbsp; 453024 |
|  |  | &nbsp;&nbsp;&nbsp; $1201608 |
| Transportation & Logistics – 0.7% | Transportation & Logistics – 0.7% | Transportation & Logistics – 0.7% |
| Element Fleet Management Corp., 6.319%, 12/04/2028 (n) | $564000 | &nbsp;&nbsp;&nbsp; $587663 |
| Element Fleet Management Corp., 5.037%, 3/25/2030 (n) | 326000 | &nbsp;&nbsp;&nbsp; 329000 |
|  |  | &nbsp;&nbsp;&nbsp; $916663 |
| Travel, Gaming, & Lodging – 2.0% | Travel, Gaming, & Lodging – 2.0% | Travel, Gaming, & Lodging – 2.0% |
| Flutter Treasury DAC, 6.375%, 4/29/2029 (n) | $418000 | &nbsp;&nbsp;&nbsp; $425539 |
| Flutter Treasury DAC, 5.875%, 6/04/2031 (n) | 482000 | &nbsp;&nbsp;&nbsp; 477512 |
| Las Vegas Sands Corp., 5.9%, 6/01/2027  | 198000 | &nbsp;&nbsp;&nbsp; 200574 |
| Las Vegas Sands Corp., 6.2%, 8/15/2034  | 289000 | &nbsp;&nbsp;&nbsp; 296134 |
| Marriott International, Inc., 2.85%, 4/15/2031  | 213000 | &nbsp;&nbsp;&nbsp; 195043 |
| Sands China Ltd., 2.85%, 3/08/2029  | 400000 | &nbsp;&nbsp;&nbsp; 376665 |
| VICI Properties LP/VICI Note Co., Inc., 4.25%, 12/01/2026 (n) | 266000 | &nbsp;&nbsp;&nbsp; 265273 |
| Wynn Macau Ltd., 5.5%, 10/01/2027 (n) | 256000 | &nbsp;&nbsp;&nbsp; 253426 |
|  |  | &nbsp;&nbsp;&nbsp; $2490166 |
| U.S. Treasury Obligations – 0.4% | U.S. Treasury Obligations – 0.4% | U.S. Treasury Obligations – 0.4% |
| U.S. Treasury Bonds, 4.75%, 5/15/2055 (f) | $127000 | &nbsp;&nbsp;&nbsp; $123661 |
| U.S. Treasury Bonds, 5%, 5/15/2045 (f) | 187000 | &nbsp;&nbsp;&nbsp; 189433 |
| U.S. Treasury Bonds, 4.75%, 2/15/2056  | 256000 | &nbsp;&nbsp;&nbsp; 249680 |
|  |  | &nbsp;&nbsp;&nbsp; $562774 |
| Utilities – 8.8% | Utilities – 8.8% | Utilities – 8.8% |
| Adani Electricity Mumbai Ltd., 3.949%, 2/12/2030 (n) | $200000 | &nbsp;&nbsp;&nbsp; $182313 |
| Adani Electricity Mumbai Ltd., 3.867%, 7/22/2031 (n) | 200000 | &nbsp;&nbsp;&nbsp; 175380 |
| Adani Transmission Step-One Ltd., 4%, 8/03/2026  | 415000 | &nbsp;&nbsp;&nbsp; 414589 |
| Adani Transmission Step-One Ltd., 4.25%, 5/21/2036  | 140315 | &nbsp;&nbsp;&nbsp; 122269 |
| AEP Texas, Inc., 5.2%, 4/15/2036  | 208000 | &nbsp;&nbsp;&nbsp; 204560 |
| AEP Transmission Co. LLC, 5.375%, 6/15/2035  | 296000 | &nbsp;&nbsp;&nbsp; 300480 |
| AEP Transmission Co. LLC, 5.4%, 3/15/2053  | 216000 | &nbsp;&nbsp;&nbsp; 203103 |
| Algonquin Power & Utilities Corp., 5.365%, 6/15/2026  | 181000 | &nbsp;&nbsp;&nbsp; 181149 |
| American Transmission Systems, Inc., 2.65%, 1/15/2032 (n) | 181000 | &nbsp;&nbsp;&nbsp; 162171 |
| Berkshire Hathaway Energy Co., 5.15%, 11/15/2043  | 120000 | &nbsp;&nbsp;&nbsp; 111795 |
| Berkshire Hathaway Energy Co., 4.6%, 5/01/2053  | 100000 | &nbsp;&nbsp;&nbsp; 81710 |
| Duke Energy Carolinas LLC, 2.45%, 2/01/2030  | 277000 | &nbsp;&nbsp;&nbsp; 257656 |
| Duke Energy Florida LLC, 3.4%, 10/01/2046  | 158000 | &nbsp;&nbsp;&nbsp; 112216 |
| Duke Energy Florida LLC, 6.2%, 11/15/2053  | 272000 | &nbsp;&nbsp;&nbsp; 284826 |
| Enel Finance International N.V., 4.625%, 6/15/2027 (n) | 400000 | &nbsp;&nbsp;&nbsp; 400827 |
| Enel Finance International N.V., 7.75%, 10/14/2052 (n) | 296000 | &nbsp;&nbsp;&nbsp; 347397 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Utilities – continued | Utilities – continued | Utilities – continued |
| Eversource Energy, 4.45%, 12/15/2030  | $185000 | &nbsp;&nbsp;&nbsp; $182481 |
| Eversource Energy, 5.5%, 1/01/2034  | 373000 | &nbsp;&nbsp;&nbsp; 378251 |
| FirstEnergy Corp., 3.9%, 7/15/2027  | 262000 | &nbsp;&nbsp;&nbsp; 259866 |
| FirstEnergy Corp., 3.4%, 3/01/2050  | 533000 | &nbsp;&nbsp;&nbsp; 354604 |
| Florida Power & Light Co., 2.45%, 2/03/2032  | 204000 | &nbsp;&nbsp;&nbsp; 182505 |
| Florida Power & Light Co., 3.95%, 3/01/2048  | 287000 | &nbsp;&nbsp;&nbsp; 223374 |
| Georgia Power Co., 4.7%, 5/15/2032  | 139000 | &nbsp;&nbsp;&nbsp; 139059 |
| Georgia Power Co., 4.95%, 5/17/2033  | 130000 | &nbsp;&nbsp;&nbsp; 131025 |
| Georgia Power Co., 5.125%, 5/15/2052  | 362000 | &nbsp;&nbsp;&nbsp; 328879 |
| Jersey Central Power & Light Co., 2.75%, 3/01/2032 (n) | 645000 | &nbsp;&nbsp;&nbsp; 579423 |
| MidAmerican Energy Co., 5.85%, 9/15/2054  | 369000 | &nbsp;&nbsp;&nbsp; 370475 |
| Northern States Power Co. of Minnesota, 5.05%, 5/15/2035  | 437000 | &nbsp;&nbsp;&nbsp; 440037 |
| Oncor Electric Delivery Co. LLC, 5.35%, 4/01/2035  | 312000 | &nbsp;&nbsp;&nbsp; 318813 |
| Pacific Gas & Electric Co., 5.45%, 6/15/2027  | 126000 | &nbsp;&nbsp;&nbsp; 127253 |
| Pacific Gas & Electric Co., 2.5%, 2/01/2031  | 235000 | &nbsp;&nbsp;&nbsp; 210608 |
| Pacific Gas & Electric Co., 4%, 12/01/2046  | 264000 | &nbsp;&nbsp;&nbsp; 193222 |
| PPL Electric Utilities Corp., 4.85%, 2/15/2034  | 367000 | &nbsp;&nbsp;&nbsp; 365716 |
| PSEG Power LLC, 5.2%, 5/15/2030 (n) | 383000 | &nbsp;&nbsp;&nbsp; 388790 |
| PSEG Power LLC, 5.75%, 5/15/2035 (n) | 301000 | &nbsp;&nbsp;&nbsp; 305715 |
| Public Service Electric & Gas Co., 5.5%, 3/01/2055  | 240000 | &nbsp;&nbsp;&nbsp; 231671 |
| Southern California Edison Co., 4.5%, 9/01/2040  | 130000 | &nbsp;&nbsp;&nbsp; 111632 |
| Vistra Operations Co. LLC, 4.7%, 1/31/2031 (n) | 396000 | &nbsp;&nbsp;&nbsp; 389624 |
| Vistra Operations Co. LLC, 5.35%, 1/31/2036 (n) | 396000 | &nbsp;&nbsp;&nbsp; 387365 |
| Xcel Energy, Inc., 5.5%, 3/15/2034  | 443000 | &nbsp;&nbsp;&nbsp; 450328 |
| XPLR Infrastructure Operating Partners LP, 7.25%, 1/15/2029 (n) | 118000 | &nbsp;&nbsp;&nbsp; 121442 |
| XPLR Infrastructure Operating Partners LP, 8.375%, 1/15/2031 (n) | 274000 | &nbsp;&nbsp;&nbsp; 288440 |
| XPLR Infrastructure Operating Partners LP, 8.625%, 3/15/2033 (n) | 59000 | &nbsp;&nbsp;&nbsp; 62329 |
|  |  | &nbsp;&nbsp;&nbsp; $11065368 |
| Utilities - Gas – 1.4% | Utilities - Gas – 1.4% | Utilities - Gas – 1.4% |
| APA Infrastructure Ltd., 5%, 3/23/2035 (n) | $251000 | &nbsp;&nbsp;&nbsp; $245899 |
| APA Infrastructure Ltd., 5.75%, 9/16/2044 (n) | 431000 | &nbsp;&nbsp;&nbsp; 428094 |
| Spire, Inc., 4.6%, 9/01/2031  | 622000 | &nbsp;&nbsp;&nbsp; 614622 |
| Spire, Inc., 6.25%, 6/01/2056  | 425000 | &nbsp;&nbsp;&nbsp; 420260 |
|  |  | &nbsp;&nbsp;&nbsp; $1708875 |
| **Total Bonds**  |  | &nbsp;&nbsp; **$121517480** |
| Mutual Funds (h) – 1.9%  | Mutual Funds (h) – 1.9%  | Mutual Funds (h) – 1.9%  |
| Money Market Funds – 1.9% | Money Market Funds – 1.9% |  |
| MFS Institutional Money Market Portfolio, 3.71% (v)  | 2427790 | &nbsp;&nbsp;&nbsp; $2427790 |
| Other Assets, Less Liabilities – 1.3% |  | &nbsp;&nbsp;&nbsp; 1576373 |
| **Net Assets – 100.0%** | **Net Assets – 100.0%** | &nbsp;&nbsp; **$125521643** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(f) All or a portion of the security has been segregated as collateral for open futures
 contracts.

&nbsp;&nbsp;&nbsp;&nbsp;(h) An affiliated issuer, which may be considered one in which the fund owns 5% or more
 of the outstanding voting securities, or a company which is under common control. At period end, the aggregate values of the fund's investments in affiliated
 issuers and in unaffiliated issuers were $2,427,790 and $121,517,480, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Interest only security for which the fund receives interest on notional principal
 (Par amount). Par amount shown is the notional principal and does not reflect the cost of the security.

&nbsp;&nbsp;&nbsp;&nbsp;(n) Securities exempt from registration under Rule 144A of the Securities Act of 1933.
 These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers.
 At period end, the aggregate value of these securities was $47,826,212, representing 38.1% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(v) Affiliated issuer that is available only to investment companies managed by MFS. The
 rate quoted for the MFS Institutional Money Market Portfolio is the annualized seven-day yield of the fund at period end.

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

------

*Portfolio of Investments (unaudited) – continued*

---

| | |
|:---|:---|
| The following abbreviations are used in this report and are defined: | The following abbreviations are used in this report and are defined: |
| CLO | Collateralized Loan Obligation |
| CMT | Constant Maturity Treasury  |
| FLR | Floating Rate. Interest rate resets periodically based on the parenthetically disclosed reference rate plus a spread (if any). The period-end rate <br> reported may not be the current rate. All reference rates are USD unless otherwise noted.<br>|
| ICE | Intercontinental Exchange |
| LIBOR | London Interbank Offered Rate |
| REIT | Real Estate Investment Trust |
| SOFR | Secured Overnight Financing Rate |

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Derivative Contracts at 3/31/26** | **Derivative Contracts at 3/31/26** | **Derivative Contracts at 3/31/26** | **Derivative Contracts at 3/31/26** | **Derivative Contracts at 3/31/26** | **Derivative Contracts at 3/31/26** | **Derivative Contracts at 3/31/26** |
| **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  |
| **Description** | **Long/** <br>**Short**<br>| **Currency** | **Contracts** | &nbsp;&nbsp; **Notional** <br>**Amount**<br>| &nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Value/Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** |
| ***Interest Rate Futures***  | ***Interest Rate Futures***  | ***Interest Rate Futures***  | ***Interest Rate Futures***  | ***Interest Rate Futures***  |  |  |
| U.S. Treasury Note 5 yr | &nbsp;&nbsp; Short | &nbsp;&nbsp; USD | &nbsp;&nbsp; 9 | $973617 | June – 2026 | &nbsp;&nbsp; $12217 |
| U.S. Treasury Ultra Note 10 yr | &nbsp;&nbsp; Short | &nbsp;&nbsp; USD | &nbsp;&nbsp; 16 | 1816250 | June – 2026 | &nbsp;&nbsp; 25884 |
|  |  |  |  |  |  | &nbsp;&nbsp; $38101 |
| **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| ***Interest Rate Futures***  | ***Interest Rate Futures***  | ***Interest Rate Futures***  | ***Interest Rate Futures***  | ***Interest Rate Futures***  |  |  |
| U.S. Treasury Bond 30 yr | &nbsp;&nbsp; Long | &nbsp;&nbsp; USD | &nbsp;&nbsp; 33 | $3757875 | June – 2026 | &nbsp;&nbsp; $(120500)<br>|
| U.S. Treasury Note 2 yr | &nbsp;&nbsp; Long | &nbsp;&nbsp; USD | &nbsp;&nbsp; 11 | 2281898 | June – 2026 | &nbsp;&nbsp; (17399)<br>|
| U.S. Treasury Ultra Bond 30 yr | &nbsp;&nbsp; Long | &nbsp;&nbsp; USD | &nbsp;&nbsp; 19 | 2214688 | June – 2026 | &nbsp;&nbsp; (62862)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp; $(200761)<br>|

---

At March 31, 2026, the fund had liquid securities collateral with an aggregate value of $225,460 to cover any collateral or margin obligations for certain derivative contracts.

See attached supplemental information. For more information see notes to financial statements as disclosed in the most recent semiannual or annual report.

------

**Supplemental Information**

3/31/26 (unaudited)

The fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial

Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies.

**(1) Investment Valuations**

Subject to its oversight, the fund's Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the fund's investments to MFS as the fund's adviser, pursuant to the fund's valuation policy and procedures which have been adopted by the adviser and approved by the Board. In accordance with Rule 2a-5 under the Investment Company Act of 1940, the Board of Trustees designated the adviser as the "valuation designee" of the fund. If the adviser, as valuation designee, determines that reliable market quotations are not readily available for an investment, the investment is valued at fair value as determined in good faith by the adviser in accordance with the adviser's fair valuation policy and procedures.

Under the fund's valuation policy and procedures, debt instruments and floating rate loans, including restricted debt instruments, are

generally valued at an evaluated or composite bid as provided by a third-party pricing service. Short-term instruments with a maturity at

issuance of 60 days or less may be valued at amortized cost, which approximates market value. Futures contracts are generally valued at last posted settlement price on their primary exchange as provided by a third-party pricing service. Futures contracts for which there were no trades that day for a particular position are generally valued at the closing bid quotation on their primary exchange as provided by a

third-party pricing service. Open-end investment companies are generally valued at net asset value per share. The values of foreign securities and other assets and liabilities expressed in foreign currencies are converted to U.S. dollars using the mean of bid and asked prices for rates provided by a third-party pricing service.

Under the fund's valuation policy and procedures, market quotations are not considered to be readily available for debt instruments, floating rate loans, and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services or otherwise determined by the adviser in accordance with the adviser's fair valuation policy and procedures. Securities and other assets generally valued on the basis of information from a third-party pricing service may also be valued at a broker/dealer bid quotation. In determining values, third-party pricing services can utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics, spreads and other market data. Pricing services generally value debt instruments assuming orderly transactions of institutional round lot sizes, but a fund may hold or transact in such securities in smaller, odd lot sizes. In instances where a fund holds an odd lot size position in a debt instrument, such position will typically be valued using the pricing agent's institutional round lot price for the debt instrument. Odd lots may trade at lower prices than institutional round lots, and the fund may receive different prices when it sells odd lot positions than it would receive for sales of institutional round lot positions. An investment may also be valued at fair value if the adviser determines that the investment's value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (such as foreign exchange or market) and prior to the determination of the fund's net asset value, or after the halt of trading of a specific security where trading does not resume prior to the close of the exchange or market on which the security is principally traded. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the fund's net asset value can differ depending on the source and method used to determine value. When fair valuation is used, the value of an investment used to determine the fund's net asset value may differ from quoted or published prices for the same investment. There can be no assurance that the fund could obtain the fair value assigned to an investment if it were to sell the investment at the same time at which the fund determines its net

asset value per share.

Various inputs are used in determining the value of the fund's assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fund's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk).

------

*Supplemental Information (unaudited) – continued*

Level 3 includes significant unobservable inputs, which may include the adviser's own assumptions in determining the fair value of investments. Other financial instruments are derivative instruments, such as futures contracts. The following is a summary of the levels used as of March 31, 2026 in valuing the fund's assets and liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Financial Instruments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| U.S. Treasury Bonds & U.S. Government Agencies & Equivalents | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $562774 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $562774 |
| Non - U.S. Sovereign Debt | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3367159 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3367159 |
| Municipal Bonds | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 629773 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 629773 |
| U.S. Corporate Bonds | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 80302692 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 80302692 |
| Residential Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1559549 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1559549 |
| Commercial Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1408126 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1408126 |
| Asset-Backed Securities (including CDOs) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1611036 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1611036 |
| Foreign Bonds | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 32076371 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 32076371 |
| Investment Companies | &nbsp;&nbsp;&nbsp; 2427790 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2427790 |
| Total | &nbsp;&nbsp;&nbsp; $2427790 | &nbsp;&nbsp;&nbsp; $121517480 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $123945270 |
| **Other Financial Instruments** |  |  |  |  |
| Futures Contracts – Assets | &nbsp;&nbsp;&nbsp; $38101 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $38101 |
| Futures Contracts – Liabilities | &nbsp;&nbsp;&nbsp; (200761)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (200761)<br>|

---

For further information regarding security characteristics, see the Portfolio of Investments.

**(2) Investments in Affiliated Issuers**

An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. The following were affiliated issuers for the period ended March 31, 2026:

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated Issuers** | **Beginning** <br>**Value**<br>| **Purchases** | **Sales** <br>**Proceeds**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation or** <br>**Depreciation**<br>| **Ending** <br>**Value**<br>|
| MFS Institutional Money Market Portfolio  | &nbsp;&nbsp; $1764207 | &nbsp;&nbsp; $11383879 | &nbsp;&nbsp; $10719873 | &nbsp;&nbsp; $(378)<br>| &nbsp;&nbsp; $(45)<br>| &nbsp;&nbsp; $2427790<br>|

---

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

---

| | | |
|:---|:---|:---|
| **Affiliated Issuers** | **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| MFS Institutional Money Market Portfolio  | &nbsp;&nbsp; $19291 | &nbsp;&nbsp; $— |

---

**(3) Issuer Country Weightings**

Issuer country weighting percentages of portfolio holdings based on net assets, as of March 31, 2026, are as follows:

---

| | |
|:---|:---|
| United States | 71.5% |
| Canada | 3.7% |
| United Kingdom | 3.1% |
| Australia | 3.0% |
| Ireland | 2.8% |
| Japan | 2.4% |
| Mexico | 1.8% |
| Switzerland | 1.7% |
| Germany | 1.4% |
| Other Countries | 8.6% |

---

The issuer country weighting percentages include both accrued interest amounts and the equivalent exposure from any derivative holdings, if applicable.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MFS VARIABLE INSURANCE TRUST II

- **b. Investment Company Act file number:** 811-03732

- **c. CIK number of Registrant:** 0000719269

- **d. LEI of Registrant:** LQOFLJQP174GQBC84T87

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

  - **Street Address 1:** 111 HUNTINGTON AVENUE

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

  - **Telephone number:** 617-954-5000

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

- **a. Name of Series:** MFS Corporate Bond Portfolio

- **b. EDGAR series identifier (if any):** S000002634

- **c. LEI of Series:** 549300EBTH38BN20LW52

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $125645523.91

**Total Liabilities:** $131181.40

**Net Assets:** $125514342.51

**Delayed Delivery Securities:** $74000.00

**Cash Not Reported:** $173787.18

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -244.62000000 | **1-Year:** -5135.17000000 | **5-Year:** -21559.02000000 | **10-Year:** -30176.46000000 | **30-Year:** -14556.90000000

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

- **3-Month:** -31.80000000 | **1-Year:** -1019.19000000 | **5-Year:** -2349.71000000 | **10-Year:** -1129.71000000 | **30-Year:** -344.24000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007237 | 0.41%                | 1.03%                | -1.94%               |
| Class ID C000007238 | 0.32%                | 1.16%                | -2.08%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $30253.61                | $-30637.36                                 |
| Month 2  | $-248274.12              | $1012484.04                                |
| Month 3  | $6635.42                 | $-2875599.16                               |

**Designated Index Information**

- **Index Name:** BBG Barclays US Credit

- **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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AEP TEXAS INC                                   | AEP Texas Inc                                                                   | CUSIP: 00108WAV2<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |    208000 | PA      | $204560.08    | 0.16%             | 2036-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| AEP TRANSMISSION CO LLC                         | AEP Transmission Co LLC                                                         | CUSIP: 00115AAQ2<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |    216000 | PA      | $203102.85    | 0.16%             | 2053-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| AEP TRANSMISSION CO LLC                         | AEP Transmission Co LLC                                                         | CUSIP: 00115AAS8<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |    296000 | PA      | $300479.70    | 0.24%             | 2035-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AIB GROUP PLC                                   | AIB Group PLC                                                                   | CUSIP: 00135TAD6<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |    578000 | PA      | $604929.51    | 0.48%             | 2029-09-13      | Fixed         | 6.61%                 | Yes           |                  2 | On Loan: No      |
| AIB GROUP PLC                                   | AIB Group PLC                                                                   | CUSIP: 00135TAE4<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $206672.22    | 0.16%             | 2035-03-28      | Fixed         | 5.87%                 | Yes           |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                         | Corebridge Global Funding                                                       | CUSIP: 00138CBH0<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    285000 | PA      | $280630.36    | 0.22%             | 2032-08-21      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| APA INFRASTRUCTURE LTD                          | APA Infrastructure Ltd                                                          | CUSIP: 00188LAB3<br>LEI: 261700SS8OEHDOCOUJ33 | Long             | DBT              | CORP              | AU        |    431000 | PA      | $428093.75    | 0.34%             | 2044-09-16      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| APA INFRASTRUCTURE LTD                          | APA Infrastructure Ltd                                                          | CUSIP: 00205GAC1<br>LEI: 261700SS8OEHDOCOUJ33 | Long             | DBT              | CORP              | AU        |    251000 | PA      | $245898.38    | 0.20%             | 2035-03-23      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| ABBOTT LABORATORIES                             | Abbott Laboratories                                                             | CUSIP: 002824BU3<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    550000 | PA      | $537822.12    | 0.43%             | 2036-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                      | AbbVie Inc                                                                      | CUSIP: 00287YDV8<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    468000 | PA      | $455523.77    | 0.36%             | 2044-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                      | AbbVie Inc                                                                      | CUSIP: 00287YDW6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    271000 | PA      | $258766.25    | 0.21%             | 2054-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                      | AbbVie Inc                                                                      | CUSIP: 00287YEG0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    210000 | PA      | $206034.93    | 0.16%             | 2036-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ADANI ELECTRICITY MUMBAI                        | Adani Electricity Mumbai Ltd                                                    | CUSIP: 00654GAA1<br>LEI: 335800AIC1B5EBFVUC38 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $182312.61    | 0.15%             | 2030-02-12      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| ADANI ELECTRICITY MUMBAI                        | Adani Electricity Mumbai Ltd                                                    | CUSIP: 00654GAB9<br>LEI: 335800AIC1B5EBFVUC38 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $175380.06    | 0.14%             | 2031-07-22      | Fixed         | 3.87%                 | Yes           |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                              | Osaic Holdings Inc                                                              | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    296000 | PA      | $296036.97    | 0.24%             | 2032-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| AIRBNB INC                                      | Airbnb Inc                                                                      | CUSIP: 009066AD3<br>LEI: 549300HMUDNO0RY56D37 | Long             | DBT              | CORP              | US        |    188000 | PA      | $187576.38    | 0.15%             | 2031-03-16      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| AIRBNB INC                                      | Airbnb Inc                                                                      | CUSIP: 009066AE1<br>LEI: 549300HMUDNO0RY56D37 | Long             | DBT              | CORP              | US        |     78000 | PA      | $78078.99     | 0.06%             | 2036-03-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALCON FINANCE CORP                              | Alcon Finance Corp                                                              | CUSIP: 01400EAC7<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |    230000 | PA      | $171013.64    | 0.14%             | 2049-09-23      | Fixed         | 3.80%                 | Yes           |                  2 | On Loan: No      |
| ALCON FINANCE CORP                              | Alcon Finance Corp                                                              | CUSIP: 01400EAD5<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |    366000 | PA      | $338522.94    | 0.27%             | 2030-05-27      | Fixed         | 2.60%                 | Yes           |                  2 | On Loan: No      |
| ALGONQUIN PWR & UTILITY                         | Algonquin Power & Utilities Corp                                                | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |    181000 | PA      | $181149.21    | 0.14%             | 2026-06-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD                        | Alimentation Couche-Tard Inc                                                    | CUSIP: 01626PAN6<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | CA        |    360000 | PA      | $263336.20    | 0.21%             | 2050-01-25      | Fixed         | 3.80%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                        | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    391000 | PA      | $393130.95    | 0.31%             | 2028-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| AMAZON.COM INC                                  | Amazon.com Inc                                                                  | CUSIP: 023135DG8<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    522000 | PA      | $520194.05    | 0.41%             | 2046-03-13      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                           | American Homes 4 Rent LP                                                        | CUSIP: 02666TAF4<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |    171000 | PA      | $130098.42    | 0.10%             | 2052-04-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                           | American Homes 4 Rent LP                                                        | CUSIP: 02666TAH0<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |    167000 | PA      | $167058.71    | 0.13%             | 2034-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                           | American Homes 4 Rent LP                                                        | CUSIP: 02666TAJ6<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |    637000 | PA      | $627470.90    | 0.50%             | 2035-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTERNATIONAL                          | American International Group Inc                                                | CUSIP: 026874DS3<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |    499000 | PA      | $503809.49    | 0.40%             | 2033-03-27      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTERNATIONAL                          | American International Group Inc                                                | CUSIP: 026874DW4<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |    128000 | PA      | $129285.92    | 0.10%             | 2030-05-07      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                             | American Tower Corp                                                             | CUSIP: 03027XAY6<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    190000 | PA      | $136391.43    | 0.11%             | 2049-10-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                             | American Tower Corp                                                             | CUSIP: 03027XCG3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    359000 | PA      | $365084.82    | 0.29%             | 2029-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                             | American Tower Corp                                                             | CUSIP: 03027XCH1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    292000 | PA      | $296836.37    | 0.24%             | 2034-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AMERICAN TRANSMISSION SY                        | American Transmission Systems Inc                                               | CUSIP: 030288AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    181000 | PA      | $162171.45    | 0.13%             | 2032-01-15      | Fixed         | 2.65%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                        | Angel Oak Mortgage Trust 2024-13                                                | CUSIP: 03466PAA3<br>LEI: 254900WA697298AD1C53 | Long             | ABS-MBS          | CORP              | US        |    289819 | PA      | $290510.75    | 0.23%             | 2069-12-26      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                        | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 03523TBT4<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    505000 | PA      | $423412.24    | 0.34%             | 2048-10-06      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                             | Elevance Health Inc                                                             | CUSIP: 036752BA0<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    439000 | PA      | $413562.87    | 0.33%             | 2054-06-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                       | Apple Inc                                                                       | CUSIP: 037833EK2<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    163000 | PA      | $99828.05     | 0.08%             | 2051-08-05      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Loan Obligation Ltd | Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd                          | CUSIP: 03880RAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    175000 | PA      | $175089.09    | 0.14%             | 2036-11-15      | Floating      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| ARDN 2025-ARCP Mortgage Trust                   | ARDN 2025-ARCP Mortgage Trust                                                   | CUSIP: 039961AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    486000 | PA      | $484025.63    | 0.39%             | 2035-06-15      | Floating      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| ARROW ELECTRONICS INC                           | Arrow Electronics Inc                                                           | CUSIP: 04273WAE1<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |    458000 | PA      | $469499.62    | 0.37%             | 2034-04-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                         | Arthur J Gallagher & Co                                                         | CUSIP: 04316JAF6<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    231000 | PA      | $249790.97    | 0.20%             | 2034-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                         | Arthur J Gallagher & Co                                                         | CUSIP: 04316JAG4<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    378000 | PA      | $408177.44    | 0.33%             | 2054-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                             | Ashtead Capital Inc                                                             | CUSIP: 045054AQ6<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201950.91    | 0.16%             | 2033-05-30      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                             | Ashtead Capital Inc                                                             | CUSIP: 045054AR4<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205814.41    | 0.16%             | 2033-10-15      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| ASURION LLC/ASURION CO                          | Asurion LLC/ Asurion Co-Issuer Inc                                              | CUSIP: 045941AA9<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |    300000 | PA      | $311234.40    | 0.25%             | 2032-12-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| AUGUSTA SPINCO CORPORATI                        | Augusta SpinCo Corp                                                             | CUSIP: 051473AE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    209000 | PA      | $208276.95    | 0.17%             | 2033-03-23      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AUGUSTA SPINCO CORPORATI                        | Augusta SpinCo Corp                                                             | CUSIP: 051473AF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    231000 | PA      | $231055.39    | 0.18%             | 2036-03-23      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                        | Avolon Holdings Funding Ltd                                                     | CUSIP: 05401AAG6<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    208000 | PA      | $207989.20    | 0.17%             | 2026-05-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                        | Avolon Holdings Funding Ltd                                                     | CUSIP: 05401AAP6<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    381000 | PA      | $367424.11    | 0.29%             | 2028-02-21      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                        | Avolon Holdings Funding Ltd                                                     | CUSIP: 05401ABC4<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    293000 | PA      | $285375.24    | 0.23%             | 2032-10-15      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                | BAT Capital Corp                                                                | CUSIP: 054989AA6<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    389000 | PA      | $415249.61    | 0.33%             | 2030-08-02      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                         | BPCE SA                                                                         | CUSIP: 05571AAV7<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    406000 | PA      | $416168.52    | 0.33%             | 2030-01-18      | Fixed         | 5.72%                 | Yes           |                  2 | On Loan: No      |
| BNP PARIBAS                                     | BNP Paribas SA                                                                  | CUSIP: 05602XQR2<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    339000 | PA      | $327572.55    | 0.26%             | 2033-12-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| BACARDI LTD / MARTINI BV                        | Bacardi Ltd / Bacardi-Martini BV                                                | CUSIP: 05635JAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    569000 | PA      | $563358.20    | 0.45%             | 2033-06-15      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                            | Bank of America Corp                                                            | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    351000 | PA      | $318082.71    | 0.25%             | 2032-04-22      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                            | Bank of America Corp                                                            | CUSIP: 06051GKP3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    392000 | PA      | $391711.55    | 0.31%             | 2028-04-27      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                            | Bank of America Corp                                                            | CUSIP: 06051GLS6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    199000 | PA      | $205286.24    | 0.16%             | 2029-09-15      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                            | Bank of America Corp                                                            | CUSIP: 06051GLU1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    261000 | PA      | $273309.03    | 0.22%             | 2034-09-15      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                    | Barclays PLC                                                                    | CUSIP: 06738EBV6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    451000 | PA      | $402955.73    | 0.32%             | 2032-11-24      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                        | Baxter International Inc                                                        | CUSIP: 071813DD8<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    115000 | PA      | $113517.41    | 0.09%             | 2030-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                        | Baxter International Inc                                                        | CUSIP: 071813DE6<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    163000 | PA      | $159189.69    | 0.13%             | 2035-12-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Bayview Financial Revolving Mortgage Loan Trust | Bayview Financial Revolving Asset Trust 2005-E                                  | CUSIP: 073250BW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     19397 | PA      | $47758.35     | 0.04%             | 2040-12-28      | Floating      | 5.39%                 | Yes           |                  2 | On Loan: No      |
| BBVA MEX BANCA GRUPO TX                         | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX    | CUSIP: 07336UAB9<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    332000 | PA      | $349651.41    | 0.28%             | 2039-01-08      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                        | Benchmark 2021-B27 Mortgage Trust                                               | CUSIP: 08163HAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6804727 | PA      | $301356.87    | 0.24%             | 2054-07-15      | Variable      | 1.23%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY ENERG                        | Berkshire Hathaway Energy Co                                                    | CUSIP: 084659BF7<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |    100000 | PA      | $81710.16     | 0.07%             | 2053-05-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| GOVT OF BERMUDA                                 | Bermuda Government International Bond                                           | CUSIP: 085209AJ3<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |    783000 | PA      | $779085.00    | 0.62%             | 2032-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| BLACK PEARL COMPUTE LLC                         | Black Pearl Compute LLC                                                         | CUSIP: 09216NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    128000 | PA      | $130278.02    | 0.10%             | 2031-02-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| BOEING CO                                       | Boeing Co/The                                                                   | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    990000 | PA      | $957059.14    | 0.76%             | 2050-05-01      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                       | Boeing Co/The                                                                   | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    473000 | PA      | $480918.02    | 0.38%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC                         | Booz Allen Hamilton Inc                                                         | CUSIP: 09951LAD5<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    331000 | PA      | $333699.00    | 0.27%             | 2035-04-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BOSTON GAS COMPANY                              | Boston Gas Co                                                                   | CUSIP: 100743AP8<br>LEI: FN7P4E7K9JOBORDEUX61 | Long             | DBT              | CORP              | US        |    540000 | PA      | $565044.20    | 0.45%             | 2035-01-10      | Fixed         | 5.84%                 | Yes           |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                            | Boston Properties LP                                                            | CUSIP: 10112RAY0<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297216.52    | 0.24%             | 2026-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                          | BP Capital Markets America Inc                                                  | CUSIP: 10373QBS8<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    305000 | PA      | $193001.89    | 0.15%             | 2052-03-17      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                    | Broadcom Inc                                                                    | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    277000 | PA      | $282726.97    | 0.23%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                    | Broadcom Inc                                                                    | CUSIP: 11135FCM1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    373000 | PA      | $375908.79    | 0.30%             | 2035-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                    | Broadcom Inc                                                                    | CUSIP: 11135FCY5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    329000 | PA      | $320753.84    | 0.26%             | 2036-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                    | Broadcom Inc                                                                    | CUSIP: 11135FDD0<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    282000 | PA      | $280537.47    | 0.22%             | 2056-01-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                               | Brown & Brown Inc                                                               | CUSIP: 115236AL5<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |     82000 | PA      | $81773.00     | 0.07%             | 2032-06-23      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                               | Brown & Brown Inc                                                               | CUSIP: 115236AN1<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |     72000 | PA      | $71796.71     | 0.06%             | 2055-06-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                        | Burlington Northern Santa Fe LLC                                                | CUSIP: 12189LBK6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    493000 | PA      | $453670.32    | 0.36%             | 2054-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                        | Burlington Northern Santa Fe LLC                                                | CUSIP: 12189LBL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    192000 | PA      | $185099.10    | 0.15%             | 2055-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC                               | CBRE Services Inc                                                               | CUSIP: 12505BAG5<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |    431000 | PA      | $448674.06    | 0.36%             | 2034-08-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                          | CNH Industrial Capital LLC                                                      | CUSIP: 12592BAR5<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    310000 | PA      | $317706.27    | 0.25%             | 2029-01-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL NV                               | CNH Industrial NV                                                               | CUSIP: 12594KAB8<br>LEI: 549300WGC2HZ5J67V817 | Long             | DBT              | CORP              | NL        |    328000 | PA      | $324654.68    | 0.26%             | 2027-11-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| COPT DEFENSE PROP LP                            | COPT Defense Properties LP                                                      | CUSIP: 12713UAA4<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              | CORP              | US        |    153000 | PA      | $151023.16    | 0.12%             | 2030-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                    | CaixaBank SA                                                                    | CUSIP: 12803RAC8<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    610000 | PA      | $664345.31    | 0.53%             | 2034-09-13      | Fixed         | 6.84%                 | Yes           |                  2 | On Loan: No      |
| CAIXABANK SA                                    | CaixaBank SA                                                                    | CUSIP: 12803RAG9<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $205484.00    | 0.16%             | 2030-03-15      | Fixed         | 5.67%                 | Yes           |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                        | Canadian Pacific Railway Co                                                     | CUSIP: 13645RBH6<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    649000 | PA      | $423799.97    | 0.34%             | 2051-12-02      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| CARLYLE GROUP INC/THE                           | Carlyle Group Inc/The                                                           | CUSIP: 14316JAA6<br>LEI: 529900NGGVF94UK6PG95 | Long             | DBT              | CORP              | US        |    571000 | PA      | $550925.55    | 0.44%             | 2035-09-19      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                   | Carnival Corp                                                                   | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    438000 | PA      | $437857.56    | 0.35%             | 2032-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CELLNEX FINANCE                                 | Cellnex Finance Co SA                                                           | CUSIP: 15118JAA3<br>LEI: 549300OUROMFTRFA7T23 | Long             | DBT              | CORP              | ES        |    565000 | PA      | $446419.92    | 0.36%             | 2041-07-07      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                        | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    226000 | PA      | $229499.29    | 0.18%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                        | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    129000 | PA      | $121440.38    | 0.10%             | 2055-10-23      | Fixed         | 6.83%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                        | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    530000 | PA      | $426484.78    | 0.34%             | 2047-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                        | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    122000 | PA      | $116554.96    | 0.09%             | 2055-12-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                        | Cheniere Energy Partners LP                                                     | CUSIP: 16411QAW1<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    436000 | PA      | $443999.89    | 0.35%             | 2035-10-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| CITADEL SECURITIES GLOBA                        | Citadel Securities Global Holdings LLC                                          | CUSIP: 17289RAF3<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |    500000 | PA      | $493383.34    | 0.39%             | 2036-03-27      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| COLT Funding LLC                                | COLT 2024-6 Mortgage Loan Trust                                                 | CUSIP: 19688XAA4<br>LEI: 213800U2X2TO1PQH1O75 | Long             | ABS-MBS          | CORP              | US        |    221864 | PA      | $222172.83    | 0.18%             | 2069-11-25      | Variable      | 5.39%                 | Yes           |                  2 | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO                        | Columbia Pipelines Holding Co LLC                                               | CUSIP: 19828AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $105476.82    | 0.08%             | 2026-08-15      | Fixed         | 6.06%                 | Yes           |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPCO                         | Columbia Pipelines Operating Co LLC                                             | CUSIP: 19828TAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    257000 | PA      | $269602.16    | 0.21%             | 2053-11-15      | Fixed         | 6.54%                 | Yes           |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPCO                         | Columbia Pipelines Operating Co LLC                                             | CUSIP: 19828TAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    258000 | PA      | $269381.53    | 0.21%             | 2043-08-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| COMCAST CORP                                    | Comcast Corp                                                                    | CUSIP: 20030NDS7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    485000 | PA      | $280361.81    | 0.22%             | 2051-11-01      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                        | Comision Federal de Electricidad                                                | CUSIP: 200447AQ3<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |    400000 | PA      | $387640.00    | 0.31%             | 2034-01-28      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                             | CommonSpirit Health                                                             | CUSIP: 20268JBC6<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    213000 | PA      | $205030.24    | 0.16%             | 2055-09-01      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                          | Commonwealth Bank of Australia                                                  | CUSIP: 202712BK0<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |    631000 | PA      | $606034.17    | 0.48%             | 2034-09-12      | Fixed         | 3.61%                 | Yes           |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                          | Commonwealth Bank of Australia                                                  | CUSIP: 202712BQ7<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |    280000 | PA      | $213061.98    | 0.17%             | 2041-03-11      | Fixed         | 3.31%                 | Yes           |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                        | Corebridge Financial Inc                                                        | CUSIP: 21871XAP4<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    275000 | PA      | $277081.82    | 0.22%             | 2052-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                        | Corebridge Financial Inc                                                        | CUSIP: 21871XAU3<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    245000 | PA      | $249649.37    | 0.20%             | 2030-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| COPT DEFENSE PROP LP                            | COPT Defense Properties LP                                                      | CUSIP: 22003BAM8<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              | CORP              | US        |    140000 | PA      | $126760.00    | 0.10%             | 2031-04-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| COPT DEFENSE PROP LP                            | COPT Defense Properties LP                                                      | CUSIP: 22003BAN6<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              | CORP              | US        |    286000 | PA      | $266744.16    | 0.21%             | 2029-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| COTY/HFC PRESTIGE/INT US                        | Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC            | CUSIP: 222070AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $145995.21    | 0.12%             | 2029-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| COTY/HFC PRESTIGE/INT US                        | Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC            | CUSIP: 22207AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    113000 | PA      | $112062.74    | 0.09%             | 2030-07-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| COUSINS PROPERTIES LP                           | Cousins Properties LP                                                           | CUSIP: 222793AA9<br>LEI: 254900ZQIHJ5FQH4C329 | Long             | DBT              | CORP              | US        |    232000 | PA      | $234954.30    | 0.19%             | 2034-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CUMMINS INC                                     | Cummins Inc                                                                     | CUSIP: 231021AX4<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | DBT              | CORP              | US        |    234000 | PA      | $225889.55    | 0.18%             | 2054-02-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| DANAHER CORP                                    | Danaher Corp                                                                    | CUSIP: 235851AV4<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | DBT              | CORP              | US        |    518000 | PA      | $309563.49    | 0.25%             | 2050-10-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                 | Danske Bank A/S                                                                 | CUSIP: 23636ABH3<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    499000 | PA      | $513227.27    | 0.41%             | 2030-03-01      | Fixed         | 5.71%                 | Yes           |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526CT4<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    283000 | PA      | $303257.98    | 0.24%             | 2034-02-10      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526CV9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    362000 | PA      | $365027.75    | 0.29%             | 2028-02-08      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526DB2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    213000 | PA      | $212197.68    | 0.17%             | 2031-08-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                | Deutsche Bank AG/New York NY                                                    | CUSIP: 25160PAQ0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    436000 | PA      | $441021.12    | 0.35%             | 2029-01-10      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| DICK'S SPORTING GOODS                           | Dick's Sporting Goods Inc                                                       | CUSIP: 253393AG7<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |    365000 | PA      | $258525.61    | 0.21%             | 2052-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                         | Walt Disney Co/The                                                              | CUSIP: 254687EV4<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |     72000 | PA      | $63961.29     | 0.05%             | 2044-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                         | Walt Disney Co/The                                                              | CUSIP: 254687FY7<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    413000 | PA      | $338027.65    | 0.27%             | 2040-05-13      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                         | Walt Disney Co/The                                                              | CUSIP: 254687FZ4<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    252000 | PA      | $182405.51    | 0.15%             | 2051-01-13      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                           | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CBA1<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    277000 | PA      | $257656.43    | 0.21%             | 2030-02-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY FLORIDA LLC                         | Duke Energy Florida LLC                                                         | CUSIP: 26444HAA9<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |    158000 | PA      | $112216.13    | 0.09%             | 2046-10-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY FLORIDA LLC                         | Duke Energy Florida LLC                                                         | CUSIP: 26444HAR2<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |    272000 | PA      | $284825.59    | 0.23%             | 2053-11-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Elm CLO Ltd                                     | ELM Trust 2024-ELM                                                              | CUSIP: 26860XAU5<br>LEI: 254900IIXJ23M1M8Y987 | Long             | ABS-MBS          | CORP              | US        |    345127 | PA      | $345807.76    | 0.28%             | 2039-06-10      | Variable      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| Elm CLO Ltd                                     | ELM Trust 2024-ELM                                                              | CUSIP: 26860XBE0<br>LEI: 254900IIXJ23M1M8Y987 | Long             | ABS-MBS          | CORP              | US        |    151693 | PA      | $151746.91    | 0.12%             | 2039-06-10      | Variable      | 6.18%                 | Yes           |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                        | Eagle Funding Luxco Sarl                                                        | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |    311000 | PA      | $312632.75    | 0.25%             | 2030-08-17      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| EASTERN ENERGY GAS                              | Eastern Energy Gas Holdings LLC                                                 | CUSIP: 27636AAA0<br>LEI: 549300BFOD6TDMVV4O24 | Long             | DBT              | CORP              | US        |    542000 | PA      | $510494.11    | 0.41%             | 2054-10-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| EATON CORP                                      | Eaton Corp                                                                      | CUSIP: 278058DY5<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197258.16    | 0.16%             | 2033-03-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EATON CORP                                      | Eaton Corp                                                                      | CUSIP: 278058DZ2<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |    227000 | PA      | $224115.44    | 0.18%             | 2036-03-06      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT                        | Element Fleet Management Corp                                                   | CUSIP: 286181AK8<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |    564000 | PA      | $587663.03    | 0.47%             | 2028-12-04      | Fixed         | 6.32%                 | Yes           |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT                        | Element Fleet Management Corp                                                   | CUSIP: 286181AP7<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |    326000 | PA      | $329000.28    | 0.26%             | 2030-03-25      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                              | Energy Transfer LP                                                              | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    194000 | PA      | $197458.05    | 0.16%             | 2030-05-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                              | Energy Transfer LP                                                              | CUSIP: 29273VBG4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    228000 | PA      | $225259.18    | 0.18%             | 2056-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                            | ENEL Finance International NV                                                   | CUSIP: 29278GAW8<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $400826.86    | 0.32%             | 2027-06-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                            | ENEL Finance International NV                                                   | CUSIP: 29278GBB3<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    296000 | PA      | $347396.96    | 0.28%             | 2052-10-14      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                               | Eversource Energy                                                               | CUSIP: 30040WAX6<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    373000 | PA      | $378251.50    | 0.30%             | 2034-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                               | Eversource Energy                                                               | CUSIP: 30040WBB3<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    185000 | PA      | $182481.12    | 0.15%             | 2030-12-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                        | Fortescue Treasury Pty Ltd                                                      | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    313000 | PA      | $295736.33    | 0.24%             | 2031-04-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD                          | Fairfax Financial Holdings Ltd                                                  | CUSIP: 303901BJ0<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |    268000 | PA      | $249534.80    | 0.20%             | 2031-03-03      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD                          | Fairfax Financial Holdings Ltd                                                  | CUSIP: 303901BR2<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |    349000 | PA      | $351662.89    | 0.28%             | 2054-03-22      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD                          | Fairfax Financial Holdings Ltd                                                  | CUSIP: 303901BY7<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |    223000 | PA      | $228804.50    | 0.18%             | 2055-05-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FERGUSON ENTERPRISES INC                        | Ferguson Enterprises Inc                                                        | CUSIP: 31488VAA5<br>LEI: 2138003JYQMRP3SLX189 | Long             | DBT              | CORP              | US        |    494000 | PA      | $488164.36    | 0.39%             | 2034-10-03      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV                         | Fidelity National Information Services Inc                                      | CUSIP: 31620MCD6<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |    291000 | PA      | $289627.88    | 0.23%             | 2029-03-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                      | Fiserv Inc                                                                      | CUSIP: 337738AV0<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    315000 | PA      | $238175.40    | 0.19%             | 2049-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP                                | FirstEnergy Corp                                                                | CUSIP: 337932AH0<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |    262000 | PA      | $259866.44    | 0.21%             | 2027-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP                                | FirstEnergy Corp                                                                | CUSIP: 337932AM9<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |    533000 | PA      | $354603.61    | 0.28%             | 2050-03-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                        | Florida Power & Light Co                                                        | CUSIP: 341081FQ5<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    287000 | PA      | $223374.44    | 0.18%             | 2048-03-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                        | Florida Power & Light Co                                                        | CUSIP: 341081GG6<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    204000 | PA      | $182505.17    | 0.15%             | 2032-02-03      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| FLOWERS FOODS INC                               | Flowers Foods Inc                                                               | CUSIP: 343498AD3<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | DBT              | CORP              | US        |    269000 | PA      | $257000.67    | 0.20%             | 2035-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FLOWERS FOODS INC                               | Flowers Foods Inc                                                               | CUSIP: 343498AE1<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | DBT              | CORP              | US        |    107000 | PA      | $86794.15     | 0.07%             | 2055-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                            | Flutter Treasury DAC                                                            | CUSIP: 344045AA7<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    418000 | PA      | $425538.63    | 0.34%             | 2029-04-29      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                            | Flutter Treasury DAC                                                            | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    482000 | PA      | $477512.58    | 0.38%             | 2031-06-04      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                        | Ford Motor Credit Co LLC                                                        | CUSIP: 345397C27<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    260000 | PA      | $259921.70    | 0.21%             | 2027-05-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                        | Ford Motor Credit Co LLC                                                        | CUSIP: 345397D83<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    263000 | PA      | $264450.45    | 0.21%             | 2027-03-05      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                        | Ford Motor Credit Co LLC                                                        | CUSIP: 345397J38<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196269.86    | 0.16%             | 2033-04-06      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                        | Ford Motor Credit Co LLC                                                        | CUSIP: 345397ZR7<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    260000 | PA      | $257529.71    | 0.21%             | 2029-05-03      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                         | FTAI Aviation Investors LLC                                                     | CUSIP: 34960PAF8<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    307000 | PA      | $314714.91    | 0.25%             | 2031-05-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                           | GFL Environmental Inc                                                           | CUSIP: 36168QAM6<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    222000 | PA      | $215852.67    | 0.17%             | 2028-09-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| HALEON US CAPITAL LLC                           | Haleon US Capital LLC                                                           | CUSIP: 36264FAM3<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |    378000 | PA      | $355186.42    | 0.28%             | 2032-03-24      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS                          | Galaxy Pipeline Assets Bidco Ltd                                                | CUSIP: 36321PAA8<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |    163569 | PA      | $159116.56    | 0.13%             | 2027-09-30      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| GE VERNOVA INC                                  | GE Vernova Inc                                                                  | CUSIP: 36828AAB7<br>LEI: 254900DP080RU6OK2553 | Long             | DBT              | CORP              | US        |    315000 | PA      | $312200.25    | 0.25%             | 2036-02-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO                                | Georgia Power Co                                                                | CUSIP: 373334KQ3<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    139000 | PA      | $139058.93    | 0.11%             | 2032-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO                                | Georgia Power Co                                                                | CUSIP: 373334KR1<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    362000 | PA      | $328878.55    | 0.26%             | 2052-05-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO                                | Georgia Power Co                                                                | CUSIP: 373334KT7<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    130000 | PA      | $131025.23    | 0.10%             | 2033-05-17      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp        | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT                     | CUSIP: 38122NB50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $199113.14    | 0.16%             | 2034-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                         | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GB60<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    282000 | PA      | $282220.80    | 0.22%             | 2030-10-23      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                         | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GB78<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    389000 | PA      | $381804.94    | 0.30%             | 2035-10-23      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                         | Goldman Sachs Group Inc/The                                                     | CUSIP: 38145GAS9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    392000 | PA      | $383247.49    | 0.31%             | 2037-01-21      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| HCA INC                                         | HCA Inc                                                                         | CUSIP: 404119DF3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    147000 | PA      | $142121.06    | 0.11%             | 2035-11-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| HCA INC                                         | HCA Inc                                                                         | CUSIP: 404119DH9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    243000 | PA      | $226048.79    | 0.18%             | 2055-11-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                               | HSBC Holdings PLC                                                               | CUSIP: 404280CY3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    278000 | PA      | $248743.12    | 0.20%             | 2032-11-22      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                               | HSBC Holdings PLC                                                               | CUSIP: 404280ER6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    350000 | PA      | $353955.18    | 0.28%             | 2031-03-03      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                               | HSBC Holdings PLC                                                               | CUSIP: 404280FM6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    293000 | PA      | $287737.23    | 0.23%             | 2037-03-10      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| HIGHWOODS REALTY LP                             | Highwoods Realty LP                                                             | CUSIP: 431282AV4<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              | CORP              | US        |    526000 | PA      | $513584.84    | 0.41%             | 2033-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                  | Home Depot Inc/The                                                              | CUSIP: 437076CC4<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    416000 | PA      | $332363.59    | 0.26%             | 2040-04-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                  | Home Depot Inc/The                                                              | CUSIP: 437076DD1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    137000 | PA      | $140048.56    | 0.11%             | 2031-06-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced Securuties Limited | HOMES 2026-INV1 Trust                                                           | CUSIP: 43761FAD7<br>LEI: 2549001JI3VOZZFMYK81 | Long             | ABS-MBS          | CORP              | US        |    200314 | PA      | $199242.06    | 0.16%             | 2060-08-25      | Variable      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| HONEYWELL AEROSPACE INC                         | Honeywell Aerospace Inc                                                         | CUSIP: 43849RAF2<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |    314000 | PA      | $310397.85    | 0.25%             | 2033-03-16      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| HONEYWELL AEROSPACE INC                         | Honeywell Aerospace Inc                                                         | CUSIP: 43849RAG0<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |    314000 | PA      | $311551.74    | 0.25%             | 2036-03-16      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| HUMANA INC                                      | Humana Inc                                                                      | CUSIP: 444859BE1<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    232000 | PA      | $194222.24    | 0.15%             | 2044-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                      | Humana Inc                                                                      | CUSIP: 444859CA8<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    265000 | PA      | $267848.16    | 0.21%             | 2031-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                      | Humana Inc                                                                      | CUSIP: 444859CD2<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    266000 | PA      | $263022.88    | 0.21%             | 2035-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS                        | Huntington Ingalls Industries Inc                                               | CUSIP: 446413BB1<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |    131000 | PA      | $135480.47    | 0.11%             | 2035-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| IAMGOLD CORP                                    | IAMGOLD Corp                                                                    | CUSIP: 450913AF5<br>LEI: 254900E7II30XAB9LA72 | Long             | DBT              | CORP              | CA        |    437000 | PA      | $434873.16    | 0.35%             | 2028-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ICON INVESTMENTS SIX DAC                        | Icon Investments Six DAC                                                        | CUSIP: 45115AAA2<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |    360000 | PA      | $361822.78    | 0.29%             | 2027-05-08      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| ICON INVESTMENTS SIX DAC                        | Icon Investments Six DAC                                                        | CUSIP: 45115AAB0<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |    315000 | PA      | $321178.84    | 0.26%             | 2029-05-08      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                         | Imperial Brands Finance PLC                                                     | CUSIP: 45262BAG8<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    325000 | PA      | $333334.28    | 0.27%             | 2030-02-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| INTEL CORP                                      | Intel Corp                                                                      | CUSIP: 458140CJ7<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    231000 | PA      | $212696.79    | 0.17%             | 2053-02-10      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| JBS NV/USA FOODS/FOOD CO                        | JBS NV/JBS USA Foods Group Holdings Inc/JBS USA Food Co Holdings                | CUSIP: 46590XAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    417000 | PA      | $389423.79    | 0.31%             | 2031-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| JBS NV/USA FOODS/FOOD CO                        | JBS NV/JBS USA Foods Group Holdings Inc/JBS USA Food Co Holdings                | CUSIP: 46590XAU0<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    170000 | PA      | $157469.32    | 0.13%             | 2032-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| JBS NV/USA FOODS/FOOD CO                        | JBS NV/JBS USA Foods Group Holdings Inc/JBS USA Food Co Holdings                | CUSIP: 46590XAX4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    179000 | PA      | $181204.92    | 0.14%             | 2052-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                        | JH North America Holdings Inc                                                   | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    255000 | PA      | $252881.21    | 0.20%             | 2031-01-31      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                        | JH North America Holdings Inc                                                   | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    233000 | PA      | $232071.45    | 0.18%             | 2032-07-31      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PCR5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1166000 | PA      | $1036472.78   | 0.83%             | 2032-11-08      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PDA1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    257000 | PA      | $256882.65    | 0.20%             | 2028-04-26      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PDW3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    379000 | PA      | $382613.20    | 0.30%             | 2027-10-22      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PEC6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    246000 | PA      | $249775.61    | 0.20%             | 2035-01-23      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PEG7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    298000 | PA      | $307138.47    | 0.24%             | 2030-04-22      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PER3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    593000 | PA      | $586495.65    | 0.47%             | 2035-10-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PFJ0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    528000 | PA      | $516653.10    | 0.41%             | 2037-01-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                         | Jane Street Group / JSG Finance Inc                                             | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    546000 | PA      | $539933.23    | 0.43%             | 2032-11-01      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                         | Jane Street Group / JSG Finance Inc                                             | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    112000 | PA      | $113631.62    | 0.09%             | 2033-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| JAPAN TOBACCO INC                               | Japan Tobacco Inc                                                               | CUSIP: 471105AD8<br>LEI: 353800Z0ENYBQO0XRJ31 | Long             | DBT              | CORP              | JP        |    442000 | PA      | $453024.17    | 0.36%             | 2030-06-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                         | Jefferies Financial Group Inc                                                   | CUSIP: 47233WLL1<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    423000 | PA      | $405992.90    | 0.32%             | 2036-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JERSEY CENTRAL PWR & LT                         | Jersey Central Power & Light Co                                                 | CUSIP: 476556DD4<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |    645000 | PA      | $579423.20    | 0.46%             | 2032-03-01      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Jersey Mikes Funding LLC                        | Jersey Mike's Funding LLC                                                       | CUSIP: 476681AF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    147000 | PA      | $144986.79    | 0.12%             | 2056-02-15      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| Jersey Mikes Funding LLC                        | Jersey Mike's Funding LLC                                                       | CUSIP: 476681AG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    184000 | PA      | $180832.18    | 0.14%             | 2056-02-15      | Fixed         | 5.48%                 | Yes           |                  2 | On Loan: No      |
| KREF 2021-FL2 Ltd                               | KREF 2021-FL2 Ltd                                                               | CUSIP: 48275RAA5<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | KY        |     71110 | PA      | $71101.11     | 0.06%             | 2039-02-15      | Floating      | 4.86%                 | Yes           |                  2 | On Loan: No      |
| KREF 2021-FL2 Ltd                               | KREF 2021-FL2 Ltd                                                               | CUSIP: 48275RAC1<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | KY        |    316500 | PA      | $316261.68    | 0.25%             | 2039-02-15      | Floating      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                            | Kraft Heinz Foods Co                                                            | CUSIP: 50077LAZ9<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     75000 | PA      | $61333.73     | 0.05%             | 2049-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                            | Kraft Heinz Foods Co                                                            | CUSIP: 50077LBJ4<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    419000 | PA      | $374445.92    | 0.30%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KROGER CO                                       | Kroger Co/The                                                                   | CUSIP: 501044DW8<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    272000 | PA      | $252600.52    | 0.20%             | 2054-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                | LPL Holdings Inc                                                                | CUSIP: 50212YAC8<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    323000 | PA      | $320637.05    | 0.26%             | 2027-11-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                | LPL Holdings Inc                                                                | CUSIP: 50212YAF1<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    530000 | PA      | $506974.82    | 0.40%             | 2031-05-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                | LPL Holdings Inc                                                                | CUSIP: 50212YAM6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    466000 | PA      | $462008.26    | 0.37%             | 2035-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                            | Las Vegas Sands Corp                                                            | CUSIP: 517834AJ6<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    198000 | PA      | $200573.58    | 0.16%             | 2027-06-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                            | Las Vegas Sands Corp                                                            | CUSIP: 517834AL1<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    289000 | PA      | $296134.15    | 0.24%             | 2034-08-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| LXP INDUSTRIAL TRUST                            | LXP Industrial Trust                                                            | CUSIP: 529537AA0<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              | CORP              | US        |    423000 | PA      | $367135.83    | 0.29%             | 2031-10-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                  | Eli Lilly & Co                                                                  | CUSIP: 532457CY2<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    181000 | PA      | $177414.48    | 0.14%             | 2055-02-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORP                           | Lincoln National Corp                                                           | CUSIP: 534187BT5<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    305000 | PA      | $310391.64    | 0.25%             | 2034-03-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                            | M&T Bank Corp                                                                   | CUSIP: 55261FAR5<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    267000 | PA      | $263723.46    | 0.21%             | 2034-01-27      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                            | M&T Bank Corp                                                                   | CUSIP: 55261FAS3<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    153000 | PA      | $163504.43    | 0.13%             | 2029-10-30      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| MANUF & TRADERS TRUST CO                        | Manufacturers & Traders Trust Co                                                | CUSIP: 55279HAW0<br>LEI: WWB2V0FCW3A0EE3ZJN75 | Long             | DBT              | CORP              | US        |    265000 | PA      | $266560.86    | 0.21%             | 2028-01-27      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust     | MF1 2022-FL8 Ltd                                                                | CUSIP: 55284JAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    186267 | PA      | $186266.30    | 0.15%             | 2037-02-19      | Floating      | 5.03%                 | Yes           |                  2 | On Loan: No      |
| MFS Institutional Money Market Portfolio        | MFS Institutional Money Market Portfolio                                        | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | EC               | RF                | US        |   2420182 | NS      | $2420181.51   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                        | Macquarie Airfinance Holdings Ltd                                               | CUSIP: 55609NAD0<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    237000 | PA      | $248172.84    | 0.20%             | 2031-03-26      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                        | Macquarie Airfinance Holdings Ltd                                               | CUSIP: 55609NAE8<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    132000 | PA      | $131324.85    | 0.10%             | 2030-03-17      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| MARIN GENERAL HOSPITAL                          | Marin General Hospital                                                          | CUSIP: 568039AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    272000 | PA      | $293210.51    | 0.23%             | 2045-08-01      | Fixed         | 7.24%                 | No            |                  2 | On Loan: No      |
| MARS INC                                        | Mars Inc                                                                        | CUSIP: 571676AF2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    307000 | PA      | $237466.27    | 0.19%             | 2049-04-01      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                        | Mars Inc                                                                        | CUSIP: 571676AT2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    123000 | PA      | $123819.87    | 0.10%             | 2028-04-20      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                        | Mars Inc                                                                        | CUSIP: 571676AZ8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    587000 | PA      | $593970.08    | 0.47%             | 2032-03-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                        | Mars Inc                                                                        | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    102000 | PA      | $102971.12    | 0.08%             | 2035-03-01      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                        | Mars Inc                                                                        | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    415000 | PA      | $404655.08    | 0.32%             | 2055-05-01      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                        | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748CB6<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    360000 | PA      | $362935.63    | 0.29%             | 2031-11-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                        | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748CD2<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    203000 | PA      | $190339.04    | 0.15%             | 2055-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                          | Marriott International Inc/MD                                                   | CUSIP: 571903BG7<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    213000 | PA      | $195043.49    | 0.16%             | 2031-04-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency        | MASSACHUSETTS ST DEV FIN AGY REVENUE                                            | CUSIP: 57585BTH1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    140000 | PA      | $143115.97    | 0.11%             | 2035-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                                      | Mattel Inc                                                                      | CUSIP: 577081BF8<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |    216000 | PA      | $208895.70    | 0.17%             | 2029-04-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| MAXAM PRILL SARL                                | Maxam Prill Sarl                                                                | CUSIP: 57779MAA8<br>LEI: 984500C4C5B820A6B691 | Long             | DBT              | CORP              | LU        |    491000 | PA      | $499034.23    | 0.40%             | 2030-07-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust     | MF1 2024-FL15                                                                   | CUSIP: 58003MAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    453000 | PA      | $453859.34    | 0.36%             | 2041-08-18      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| MERCK & CO INC                                  | Merck & Co Inc                                                                  | CUSIP: 58933YBZ7<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    471000 | PA      | $462162.72    | 0.37%             | 2035-12-04      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                  | Microsoft Corp                                                                  | CUSIP: 594918CC6<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    124000 | PA      | $74351.02     | 0.06%             | 2050-06-01      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                  | Microsoft Corp                                                                  | CUSIP: 594918CW2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    487000 | PA      | $289328.10    | 0.23%             | 2050-09-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MIDAMERICAN ENERGY CO                           | MidAmerican Energy Co                                                           | CUSIP: 595620AY1<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    369000 | PA      | $370474.60    | 0.30%             | 2054-09-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY ENERG                        | Berkshire Hathaway Energy Co                                                    | CUSIP: 59562VBD8<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |    120000 | PA      | $111794.94    | 0.09%             | 2043-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                          | Mitsubishi UFJ Financial Group Inc                                              | CUSIP: 606822BZ6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    423000 | PA      | $416572.59    | 0.33%             | 2027-10-13      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                          | Mitsubishi UFJ Financial Group Inc                                              | CUSIP: 606822DK7<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $202846.13    | 0.16%             | 2031-04-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                          | Mitsubishi UFJ Financial Group Inc                                              | CUSIP: 606822DQ4<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    463000 | PA      | $459657.41    | 0.37%             | 2036-09-12      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                  | Morgan Stanley                                                                  | CUSIP: 6174468P7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    150000 | PA      | $143835.86    | 0.11%             | 2031-04-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                  | Morgan Stanley                                                                  | CUSIP: 61747YFF7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    235000 | PA      | $239189.82    | 0.19%             | 2029-07-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                  | Morgan Stanley                                                                  | CUSIP: 61747YFG5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    306000 | PA      | $310485.74    | 0.25%             | 2034-07-21      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                  | Morgan Stanley                                                                  | CUSIP: 61748UAT9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    736000 | PA      | $721073.56    | 0.57%             | 2037-01-30      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust  | Morgan Stanley Residential Mortgage Loan Trust 2024-NQM3                        | CUSIP: 61776UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    104419 | PA      | $104102.35    | 0.08%             | 2069-07-25      | Variable      | 5.04%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust  | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM3                        | CUSIP: 61778LAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    109877 | PA      | $110175.64    | 0.09%             | 2070-05-25      | Variable      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| NBN CO LTD                                      | NBN Co Ltd                                                                      | CUSIP: 62878U2F8<br>LEI: 2549007CRZ2NT7S96A24 | Long             | DBT              | CORP              | AU        |    299000 | PA      | $308772.18    | 0.25%             | 2028-10-06      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                          | NXP BV / NXP Funding LLC / NXP USA Inc                                          | CUSIP: 62954HAL2<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | N/A       |    183000 | PA      | $129573.00    | 0.10%             | 2042-02-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                          | NXP BV / NXP Funding LLC / NXP USA Inc                                          | CUSIP: 62954HBB3<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | N/A       |    108000 | PA      | $107485.19    | 0.09%             | 2033-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                          | NXP BV / NXP Funding LLC / NXP USA Inc                                          | CUSIP: 62954HBH0<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | N/A       |    625000 | PA      | $623106.44    | 0.50%             | 2035-08-19      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                                | NTT Finance Corp                                                                | CUSIP: 62954WAU9<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    463000 | PA      | $466388.48    | 0.37%             | 2032-07-16      | Fixed         | 5.17%                 | Yes           |                  2 | On Loan: No      |
| NTT FINANCE CORP                                | NTT Finance Corp                                                                | CUSIP: 62954WAV7<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $202845.93    | 0.16%             | 2035-07-16      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                         | National Australia Bank Ltd                                                     | CUSIP: 632525BB6<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |    673000 | PA      | $608659.60    | 0.48%             | 2037-01-12      | Fixed         | 3.35%                 | Yes           |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority        | NATIONAL FIN AUTH NH UTL REV                                                    | CUSIP: 63610HAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $287543.71    | 0.23%             | 2034-04-01      | Fixed         | 6.89%                 | No            |                  2 | On Loan: No      |
| NNN REIT INC                                    | NNN REIT Inc                                                                    | CUSIP: 637417AS5<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |    303000 | PA      | $311806.66    | 0.25%             | 2033-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                         | Nationwide Building Society                                                     | CUSIP: 63861VAP2<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    461000 | PA      | $453703.05    | 0.36%             | 2030-09-30      | Fixed         | 4.35%                 | Yes           |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                          | XPLR Infrastructure Operating Partners LP                                       | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    118000 | PA      | $121441.59    | 0.10%             | 2029-01-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| NORDEA BANK ABP                                 | Nordea Bank Abp                                                                 | CUSIP: 65559CAE1<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |    721000 | PA      | $711589.77    | 0.57%             | 2026-09-30      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| NORTHERN STAR RESOU                             | Northern Star Resources Ltd                                                     | CUSIP: 66573RAA6<br>LEI: 254900XFXCRYYZAX6M78 | Long             | DBT              | CORP              | AU        |    496000 | PA      | $512229.17    | 0.41%             | 2033-04-11      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| NORTHERN STATES PWR-MINN                        | Northern States Power Co/MN                                                     | CUSIP: 665772CZ0<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |    437000 | PA      | $440037.35    | 0.35%             | 2035-05-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL LIFE                        | Northwestern Mutual Life Insurance Co/The                                       | CUSIP: 668138AF7<br>LEI: 1DU7IM20QESYGDO4HO54 | Long             | DBT              | CORP              | US        |    410000 | PA      | $421139.54    | 0.34%             | 2055-05-29      | Fixed         | 6.17%                 | Yes           |                  2 | On Loan: No      |
| NVENT FINANCE SARL                              | nVent Finance Sarl                                                              | CUSIP: 67078AAF0<br>LEI: 549300KO1OQ4MVFB6X02 | Long             | DBT              | CORP              | LU        |    165000 | PA      | $169180.64    | 0.13%             | 2033-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC                         | O'Reilly Automotive Inc                                                         | CUSIP: 67103HAP2<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    209000 | PA      | $206264.23    | 0.16%             | 2036-03-12      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                        | OBX 2024-NQM3 Trust                                                             | CUSIP: 67118KAA1<br>LEI: 2549001QDCO9VU0HH514 | Long             | ABS-MBS          | CORP              | US        |    101674 | PA      | $102183.66    | 0.08%             | 2063-12-25      | Variable      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                        | OBX 2024-NQM1 Trust                                                             | CUSIP: 67448LAA0<br>LEI: 254900UI1468MQ7I8472 | Long             | ABS-MBS          | CORP              | US        |     80096 | PA      | $80336.51     | 0.06%             | 2063-11-25      | Variable      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                        | OBX 2024-NQM15 Trust                                                            | CUSIP: 67449DAA7<br>LEI: 254900YXEB756F6RCA13 | Long             | ABS-MBS          | CORP              | US        |     64689 | PA      | $64859.04     | 0.05%             | 2064-10-25      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                        | Occidental Petroleum Corp                                                       | CUSIP: 674599CJ2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    531000 | PA      | $419898.23    | 0.33%             | 2046-04-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                         | Oncor Electric Delivery Co LLC                                                  | CUSIP: 68233JDC5<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    312000 | PA      | $318812.58    | 0.25%             | 2035-04-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CADILLAC FAIRVIEW PRP TR                        | Ontario Teachers' Cadillac Fairview Properties Trust                            | CUSIP: 68327LAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    499000 | PA      | $441253.08    | 0.35%             | 2031-10-15      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP                                     | Oracle Corp                                                                     | CUSIP: 68389XBJ3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    122000 | PA      | $82158.37     | 0.07%             | 2046-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                     | Oracle Corp                                                                     | CUSIP: 68389XCQ6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    128000 | PA      | $102126.20    | 0.08%             | 2053-02-06      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                     | Oracle Corp                                                                     | CUSIP: 68389XDK8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    127000 | PA      | $120948.18    | 0.10%             | 2032-09-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                     | Oracle Corp                                                                     | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    138000 | PA      | $129443.30    | 0.10%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                     | Oracle Corp                                                                     | CUSIP: 68389XDX0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    338000 | PA      | $330712.67    | 0.26%             | 2031-02-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                     | Oracle Corp                                                                     | CUSIP: 68389XDY8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    433000 | PA      | $421516.35    | 0.34%             | 2033-05-04      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                     | Oracle Corp                                                                     | CUSIP: 68389XDZ5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    268000 | PA      | $257678.86    | 0.21%             | 2036-02-04      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                          | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BV6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201367.90    | 0.16%             | 2028-01-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                          | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BW4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    266000 | PA      | $273636.23    | 0.22%             | 2035-01-22      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                          | PNC Financial Services Group Inc/The                                            | CUSIP: 693475CC7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    302000 | PA      | $308313.31    | 0.25%             | 2036-01-29      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| PPL ELECTRIC UTILITIES                          | PPL Electric Utilities Corp                                                     | CUSIP: 69351UBC6<br>LEI: 549300GCZLSGYEYPIR35 | Long             | DBT              | CORP              | US        |    367000 | PA      | $365716.31    | 0.29%             | 2034-02-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| PSEG POWER LLC                                  | PSEG Power LLC                                                                  | CUSIP: 69362BBD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    383000 | PA      | $388789.93    | 0.31%             | 2030-05-15      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| PSEG POWER LLC                                  | PSEG Power LLC                                                                  | CUSIP: 69362BBE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    301000 | PA      | $305715.26    | 0.24%             | 2035-05-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                          | Pacific Gas and Electric Co                                                     | CUSIP: 694308HR1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    264000 | PA      | $193222.51    | 0.15%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                          | Pacific Gas and Electric Co                                                     | CUSIP: 694308JG3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    235000 | PA      | $210608.19    | 0.17%             | 2031-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                          | Pacific Gas and Electric Co                                                     | CUSIP: 694308KF3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    126000 | PA      | $127252.55    | 0.10%             | 2027-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE INSURANCE C                        | Pacific Life Insurance Co                                                       | CUSIP: 69448FAB7<br>LEI: 8WC3XYHE06SQFW7CQK10 | Long             | DBT              | CORP              | US        |    399000 | PA      | $391480.57    | 0.31%             | 2055-09-15      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                           | Panther Escrow Issuer LLC                                                       | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    131000 | PA      | $131440.03    | 0.10%             | 2031-06-01      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| PAYCHEX INC                                     | Paychex Inc                                                                     | CUSIP: 704326AA5<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |    165000 | PA      | $166479.03    | 0.13%             | 2030-04-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                                     | Paychex Inc                                                                     | CUSIP: 704326AB3<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |    356000 | PA      | $357795.24    | 0.29%             | 2032-04-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                         | Pfizer Investment Enterprises Pte Ltd                                           | CUSIP: 716973AG7<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    285000 | PA      | $264870.48    | 0.21%             | 2053-05-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                      | Pfizer Inc                                                                      | CUSIP: 717081EZ2<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    188000 | PA      | $136280.16    | 0.11%             | 2040-05-28      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| PIONEER NATURAL RESOURCE                        | Pioneer Natural Resources Co                                                    | CUSIP: 723787AQ0<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |     94000 | PA      | $84543.28     | 0.07%             | 2030-08-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| PIONEER NATURAL RESOURCE                        | Pioneer Natural Resources Co                                                    | CUSIP: 723787AR8<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |    592000 | PA      | $533504.81    | 0.43%             | 2031-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                        | Plains All American Pipeline LP / PAA Finance Corp                              | CUSIP: 72650RBH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $368145.83    | 0.29%             | 2045-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMERICAN PIPE                        | Plains All American Pipeline LP                                                 | CUSIP: 72650RBQ4<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |    292000 | PA      | $301489.44    | 0.24%             | 2035-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                        | Plains All American Pipeline LP / PAA Finance Corp                              | CUSIP: 72650RBS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    216000 | PA      | $216699.95    | 0.17%             | 2036-01-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| PRIMO / TRITON WATER HLD                        | Primo Water Holdings Inc / Triton Water Holdings Inc                            | CUSIP: 74168RAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    523000 | PA      | $508226.03    | 0.40%             | 2029-04-30      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| PROGRESSIVE CORP                                | Progressive Corp/The                                                            | CUSIP: 743315BD4<br>LEI: 529900TACNVLY9DCR586 | Long             | DBT              | CORP              | US        |    311000 | PA      | $311438.51    | 0.25%             | 2036-03-26      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                     | Prologis LP                                                                     | CUSIP: 74340XCH2<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |    311000 | PA      | $314401.29    | 0.25%             | 2034-01-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Trust                | Provident Funding Mortgage Trust 2025-3                                         | CUSIP: 74388PAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    337992 | PA      | $338208.30    | 0.27%             | 2055-08-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                         | Public Service Electric and Gas Co                                              | CUSIP: 74456QCV6<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    240000 | PA      | $231670.85    | 0.18%             | 2055-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                        | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                             | CUSIP: 74841CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    189000 | PA      | $174405.06    | 0.14%             | 2031-03-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                            | Raizen Fuels Finance SA                                                         | CUSIP: 75102XAF3<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |    291000 | PA      | $160777.50    | 0.13%             | 2032-07-08      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| REGAL REXNORD CORP                              | Regal Rexnord Corp                                                              | CUSIP: 758750AM5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    248000 | PA      | $254361.33    | 0.20%             | 2028-04-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                              | Regal Rexnord Corp                                                              | CUSIP: 758750AN3<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    490000 | PA      | $513408.26    | 0.41%             | 2030-02-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                              | Regal Rexnord Corp                                                              | CUSIP: 758750AP8<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    323000 | PA      | $341407.65    | 0.27%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| RENTOKIL TERMINIX LLC                           | Rentokil Terminix Funding LLC                                                   | CUSIP: 760130AA2<br>LEI: 984500D5BAA7560EKJ44 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200794.30    | 0.16%             | 2030-04-28      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| ROCKET COS INC                                  | Rocket Cos Inc                                                                  | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    162000 | PA      | $163494.77    | 0.13%             | 2030-08-01      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| ROCKET COS INC                                  | Rocket Cos Inc                                                                  | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    207000 | PA      | $209224.01    | 0.17%             | 2033-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                        | Rockies Express Pipeline LLC                                                    | CUSIP: 77340RAD9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    119000 | PA      | $124189.35    | 0.10%             | 2038-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                        | Rockies Express Pipeline LLC                                                    | CUSIP: 77340RAM9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |     92000 | PA      | $91582.92     | 0.07%             | 2040-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                        | Rockies Express Pipeline LLC                                                    | CUSIP: 77340RAR8<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    454000 | PA      | $442679.15    | 0.35%             | 2029-07-15      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                        | Rogers Communications Inc                                                       | CUSIP: 775109CJ8<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    288000 | PA      | $242866.42    | 0.19%             | 2042-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                        | Rogers Communications Inc                                                       | CUSIP: 775109CK5<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |     63000 | PA      | $49759.92     | 0.04%             | 2052-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                         | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    261000 | PA      | $263607.66    | 0.21%             | 2033-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                         | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    207000 | PA      | $209040.52    | 0.17%             | 2031-09-30      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                         | Royal Caribbean Cruises Ltd                                                     | CUSIP: 78017TAB9<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     77000 | PA      | $75648.44     | 0.06%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                          | SCIH Salt Holdings Inc                                                          | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    579000 | PA      | $572395.52    | 0.46%             | 2028-05-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI                        | SMBC Aviation Capital Finance DAC                                               | CUSIP: 78448TAL6<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |    525000 | PA      | $532988.94    | 0.42%             | 2029-04-03      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI                        | SMBC Aviation Capital Finance DAC                                               | CUSIP: 78448TAP7<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |    364000 | PA      | $355404.21    | 0.28%             | 2035-11-26      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| SNF GROUP SACA                                  | SNF Group SACA                                                                  | CUSIP: 784944AA8<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |    244300 | PA      | $247182.74    | 0.20%             | 2031-03-31      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| SALESFORCE INC                                  | Salesforce Inc                                                                  | CUSIP: 79466LAS3<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    271000 | PA      | $270616.18    | 0.22%             | 2031-09-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SALESFORCE INC                                  | Salesforce Inc                                                                  | CUSIP: 79466LAU8<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    314000 | PA      | $313023.27    | 0.25%             | 2036-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GROUP                         | Sammons Financial Group Inc                                                     | CUSIP: 79588TAF7<br>LEI: 254900SHCOQLVJ21CT59 | Long             | DBT              | CORP              | US        |    358000 | PA      | $379038.05    | 0.30%             | 2034-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| SANDS CHINA LTD                                 | Sands China Ltd                                                                 | CUSIP: 80007RAQ8<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $376664.76    | 0.30%             | 2029-03-08      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| SANTOS FINANCE LTD                              | Santos Finance Ltd                                                              | CUSIP: 803014AB5<br>LEI: 213800BKUBSWG53XNS94 | Long             | DBT              | CORP              | AU        |    297000 | PA      | $323354.00    | 0.26%             | 2033-09-19      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| SANTOS FINANCE LTD                              | Santos Finance Ltd                                                              | CUSIP: 803014AC3<br>LEI: 213800BKUBSWG53XNS94 | Long             | DBT              | CORP              | AU        |    145000 | PA      | $145336.16    | 0.12%             | 2035-11-13      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                             | Charles Schwab Corp/The                                                         | CUSIP: 808513CL7<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    791000 | PA      | $768863.21    | 0.61%             | 2036-11-14      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                               | Service Corp International/US                                                   | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    180000 | PA      | $179653.72    | 0.14%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENT/SIX FLAG                          | Six Flags Entertainment Corp /Six Flags Theme Parks Inc/ Canada's Wonderland Co | CUSIP: 83002YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    266000 | PA      | $265361.09    | 0.21%             | 2032-05-01      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                             | Southern California Edison Co                                                   | CUSIP: 842400FQ1<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    130000 | PA      | $111631.60    | 0.09%             | 2040-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SPIRE INC                                       | Spire Inc                                                                       | CUSIP: 84857LAD3<br>LEI: 549300NXSY15DRY2R511 | Long             | DBT              | CORP              | US        |    425000 | PA      | $420260.27    | 0.33%             | 2056-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SPIRE INC                                       | Spire Inc                                                                       | CUSIP: 84857LAF8<br>LEI: 549300NXSY15DRY2R511 | Long             | DBT              | CORP              | US        |    622000 | PA      | $614622.13    | 0.49%             | 2031-09-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| STORE CAPITAL LLC                               | Store Capital LLC                                                               | CUSIP: 862121AB6<br>LEI: 254900Z9PIEFQ6AYXK50 | Long             | DBT              | CORP              | US        |    233000 | PA      | $230515.37    | 0.18%             | 2029-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| STORE CAPITAL LLC                               | Store Capital LLC                                                               | CUSIP: 862121AD2<br>LEI: 254900Z9PIEFQ6AYXK50 | Long             | DBT              | CORP              | US        |    591000 | PA      | $514277.23    | 0.41%             | 2031-12-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                    | Stryker Corp                                                                    | CUSIP: 863667BF7<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    480000 | PA      | $468555.92    | 0.37%             | 2034-09-11      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                        | Sumitomo Mitsui Financial Group Inc                                             | CUSIP: 86562MCE8<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    854000 | PA      | $745946.61    | 0.59%             | 2031-01-12      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                       | Sunoco LP                                                                       | CUSIP: 86765KAL3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    476000 | PA      | $483457.49    | 0.39%             | 2032-08-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| SYSCO CORPORATION                               | Sysco Corp                                                                      | CUSIP: 871829BH9<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    320000 | PA      | $252533.87    | 0.20%             | 2048-03-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                | T-Mobile USA Inc                                                                | CUSIP: 87264ABL8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    553000 | PA      | $404312.53    | 0.32%             | 2041-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                | T-Mobile USA Inc                                                                | CUSIP: 87264ACY9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    111000 | PA      | $111768.75    | 0.09%             | 2033-07-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                            | Targa Resources Corp                                                            | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    220000 | PA      | $208282.40    | 0.17%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                            | Targa Resources Corp                                                            | CUSIP: 87612GAB7<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    551000 | PA      | $460633.67    | 0.37%             | 2052-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                            | Targa Resources Corp                                                            | CUSIP: 87612KAC6<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199152.90    | 0.16%             | 2052-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                        | Thermo Fisher Scientific Inc                                                    | CUSIP: 883556DD1<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    476000 | PA      | $471006.90    | 0.38%             | 2032-10-07      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| 3650R Commercial Mortgage Trust                 | 3650R 2021-PF1 Commercial Mortgage Trust                                        | CUSIP: 88581EAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3758723 | PA      | $125188.03    | 0.10%             | 2054-11-15      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                   | TransDigm Inc                                                                   | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    474000 | PA      | $485683.15    | 0.39%             | 2030-12-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                           | Truist Financial Corp                                                           | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    388000 | PA      | $412379.47    | 0.33%             | 2029-10-30      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                    | UBS Group AG                                                                    | CUSIP: 902613AA6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1128000 | PA      | $1072874.49   | 0.85%             | 2030-08-13      | Fixed         | 3.13%                 | Yes           |                  2 | On Loan: No      |
| UBS GROUP AG                                    | UBS Group AG                                                                    | CUSIP: 902613AD0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    300000 | PA      | $264659.73    | 0.21%             | 2031-02-10      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| UBS GROUP AG                                    | UBS Group AG                                                                    | CUSIP: 902613BQ0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    492000 | PA      | $499005.22    | 0.40%             | 2036-05-09      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| UBS GROUP AG                                    | UBS Group AG                                                                    | CUSIP: 902613BS6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    269000 | PA      | $261488.97    | 0.21%             | 2035-02-05      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| US FOODS INC                                    | US Foods Inc                                                                    | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    263000 | PA      | $261830.68    | 0.21%             | 2033-04-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| UNICREDIT SPA                                   | UniCredit SpA                                                                   | CUSIP: 904678AW9<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    201000 | PA      | $200071.54    | 0.16%             | 2027-06-03      | Fixed         | 1.98%                 | Yes           |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                           | Mexico Government International Bond                                            | CUSIP: 91087BBE9<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    405000 | PA      | $406458.00    | 0.32%             | 2032-07-02      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                           | Mexico Government International Bond                                            | CUSIP: 91087BBF6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    400000 | PA      | $407600.00    | 0.32%             | 2038-01-29      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                           | Mexico Government International Bond                                            | CUSIP: 91087BBQ2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    331000 | PA      | $323718.00    | 0.26%             | 2034-02-09      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                          | U.S. Treasury Bonds                                                             | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    127000 | PA      | $123661.29    | 0.10%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                          | U.S. Treasury Bonds                                                             | CUSIP: 912810UL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    187000 | PA      | $189432.46    | 0.15%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                          | U.S. Treasury Bonds                                                             | CUSIP: 912810UR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    256000 | PA      | $249680.00    | 0.20%             | 2056-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                          | UnitedHealth Group Inc                                                          | CUSIP: 91324PEQ1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    138000 | PA      | $141848.90    | 0.11%             | 2030-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                          | UnitedHealth Group Inc                                                          | CUSIP: 91324PES7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    335000 | PA      | $329930.45    | 0.26%             | 2053-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                          | UnitedHealth Group Inc                                                          | CUSIP: 91324PFK3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    348000 | PA      | $335818.56    | 0.27%             | 2044-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                           | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     90000 | PA      | $95323.68     | 0.08%             | 2036-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                        | Venture Global Calcasieu Pass LLC                                               | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    264000 | PA      | $244887.85    | 0.20%             | 2031-08-15      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                        | Venture Global Calcasieu Pass LLC                                               | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71597.54     | 0.06%             | 2030-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                          | Venture Global LNG Inc                                                          | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    209000 | PA      | $208173.65    | 0.17%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                          | VICI Properties LP / VICI Note Co Inc                                           | CUSIP: 92564RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    266000 | PA      | $265273.01    | 0.21%             | 2026-12-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| VIDEOTRON LTD                                   | Videotron Ltd                                                                   | CUSIP: 92660FAN4<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |    414000 | PA      | $400698.21    | 0.32%             | 2029-06-15      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| VIDEOTRON LTD                                   | Videotron Ltd                                                                   | CUSIP: 92660FAT1<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |    447000 | PA      | $451204.34    | 0.36%             | 2035-01-15      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| VIRGINIA POWER FUEL SEC                         | Virginia Power Fuel Securitization LLC                                          | CUSIP: 92808VAA0<br>LEI: 254900BELJ95ONW6U791 | Long             | DBT              | CORP              | US        |     82247 | PA      | $82640.09     | 0.07%             | 2027-05-01      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                        | Vistra Operations Co LLC                                                        | CUSIP: 92840VAY8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    396000 | PA      | $389624.16    | 0.31%             | 2031-01-31      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                        | Vistra Operations Co LLC                                                        | CUSIP: 92840VAZ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    396000 | PA      | $387364.63    | 0.31%             | 2036-01-31      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                              | Vodafone Group PLC                                                              | CUSIP: 92857WBY5<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    480000 | PA      | $448238.13    | 0.36%             | 2053-02-10      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                        | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668CB6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    252000 | PA      | $260541.19    | 0.21%             | 2028-11-16      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                        | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668CV2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199413.92    | 0.16%             | 2027-09-11      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| VORNADO REALTY LP                               | Vornado Realty LP                                                               | CUSIP: 929043AN7<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              | CORP              | US        |    287000 | PA      | $281440.13    | 0.22%             | 2033-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VULCAN MATERIALS CO                             | Vulcan Materials Co                                                             | CUSIP: 929160AV1<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |    322000 | PA      | $266730.43    | 0.21%             | 2047-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VULCAN MATERIALS CO                             | Vulcan Materials Co                                                             | CUSIP: 929160AZ2<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |    141000 | PA      | $135159.58    | 0.11%             | 2030-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VULCAN MATERIALS CO                             | Vulcan Materials Co                                                             | CUSIP: 929160BD0<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |    235000 | PA      | $227844.67    | 0.18%             | 2054-12-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| WMG ACQUISITION CORP                            | WMG Acquisition Corp                                                            | CUSIP: 92933BAQ7<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |    323000 | PA      | $303588.25    | 0.24%             | 2030-07-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| WMG ACQUISITION CORP                            | WMG Acquisition Corp                                                            | CUSIP: 92933BAT1<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |    344000 | PA      | $326658.99    | 0.26%             | 2029-12-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| WSP GLOBAL INC                                  | WSP Global Inc                                                                  | CUSIP: 92938WAH6<br>LEI: 549300IQ87LU6X6ERQ78 | Long             | DBT              | CORP              | CA        |    460000 | PA      | $455861.69    | 0.36%             | 2036-09-18      | Fixed         | 5.71%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                           | Wells Fargo & Co                                                                | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    127000 | PA      | $128901.98    | 0.10%             | 2034-04-24      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                           | Wells Fargo & Co                                                                | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    267000 | PA      | $273133.67    | 0.22%             | 2029-07-25      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                           | Wells Fargo & Co                                                                | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    356000 | PA      | $362899.71    | 0.29%             | 2031-01-24      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                          | Westinghouse Air Brake Technologies Corp                                        | CUSIP: 960386AM2<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    233000 | PA      | $233683.32    | 0.19%             | 2028-09-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                          | Westinghouse Air Brake Technologies Corp                                        | CUSIP: 960386AR1<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    157000 | PA      | $161483.36    | 0.13%             | 2034-03-11      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                  | Wynn Macau Ltd                                                                  | CUSIP: 98313RAD8<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    256000 | PA      | $253425.76    | 0.20%             | 2027-10-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                          | XPLR Infrastructure Operating Partners LP                                       | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    274000 | PA      | $288440.07    | 0.23%             | 2031-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                          | XPLR Infrastructure Operating Partners LP                                       | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     59000 | PA      | $62328.72     | 0.05%             | 2033-03-15      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| XCEL ENERGY INC                                 | Xcel Energy Inc                                                                 | CUSIP: 98389BBB5<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    443000 | PA      | $450328.00    | 0.36%             | 2034-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GLENCORE FINANCE CANADA                         | Glencore Finance Canada Ltd                                                     | CUSIP: 98417EAR1<br>LEI: 5493005TTO0UJ33KCK70 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $28617.08     | 0.02%             | 2042-10-25      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| ADANI TRANS STEP-ONE LTD                        | Adani Transmission Step-One Ltd                                                 | CUSIP: 000000000<br>LEI: 335800Z8CGS7O7D72N41 | Long             | DBT              | CORP              | IN        |    415000 | PA      | $414588.55    | 0.33%             | 2026-08-03      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ADANI TRANS STEP-ONE LTD                        | Adani Transmission Step-One Ltd                                                 | CUSIP: 000000000<br>LEI: 335800Z8CGS7O7D72N41 | Long             | DBT              | CORP              | IN        |    140315 | PA      | $122269.54    | 0.10%             | 2036-05-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BANK HAPOALIM                                   | Bank Hapoalim BM                                                                | CUSIP: 000000000<br>LEI: B6ARUI4946ST4S7WOU88 | Long             | DBT              | CORP              | IL        |    573000 | PA      | $565979.11    | 0.45%             | 2029-07-14      | Fixed         | 4.72%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                          | US LONG BOND(CBT) JUN26                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        33 | NC      | $-120500.26   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | US ULTRA BOND CBT JUN26                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        19 | NC      | $-62861.82    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | US 5YR NOTE (CBT) JUN26                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -9 | NC      | $12216.53     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | US 2YR NOTE (CBT) JUN26                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        11 | NC      | $-17398.64    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | US 10YR ULTRA FUT JUN26                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -16 | NC      | $25884.09     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MC BRAZIL DWNSTRM                               | MC Brazil Downstream Trading SARL                                               | CUSIP: 000000000<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |    268226 | PA      | $241752.01    | 0.19%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-29

**Name of Applicant:** MFS VARIABLE INSURANCE TRUST II

**Signature:** James Byrne

**Name of Signer:** James Byrne

**Title:** Assistant Treasurer