# EDGAR Filing Document

**Accession Number:** 0000809593
**File Stem:** 0001410368-25-012501
**Filing Date:** 2025-9
**Character Count:** 183300
**Document Hash:** 33cba380525a2bb8235ada19c80ab7f3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-012501.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0001410368-25-012501

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN BEACON FUNDS
- **CENTRAL INDEX KEY:** 0000809593

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04984
- **FILM NUMBER:** 251351001

**BUSINESS ADDRESS:**
- **STREET 1:** 220 EAST LAS COLINAS BOULEVARD
- **STREET 2:** SUITE 1200
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75039
- **BUSINESS PHONE:** 8173916100

**MAIL ADDRESS:**
- **STREET 1:** 220 EAST LAS COLINAS BOULEVARD
- **STREET 2:** SUITE 1200
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75039

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN AADVANTAGE FUNDS
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN EAGLE FUNDS
- **DATE OF NAME CHANGE:** 19890813

## Series and Classes Contracts Data

### American Beacon NIS Core Plus Bond Fund (Series ID: S000069392)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000221415 | R6 Class     | NISRX           |
| C000221416 | Y Class      | NISYX           |
| C000221417 | A Class      | NISAX           |
| C000221418 | C Class      | NISCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AMERICAN BEACON FUNDS

- **b. Investment Company Act file number:** 811-04984

- **c. CIK number of Registrant:** 0000809593

- **d. LEI of Registrant:** 549300EXCES9V5RWB620

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

  - **Street Address 1:** 220 EAST LAS COLINAS BOULEVARD

  - **City:** IRVING

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 75039

  - **Telephone number:** 817-391-6100

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

- **a. Name of Series:** American Beacon NIS Core Plus Bond Fund

- **b. EDGAR series identifier (if any):** S000069392

- **c. LEI of Series:** 549300MEGDO7715JGW54

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $8545366.62

**Total Liabilities:** $115951.75

**Net Assets:** $8429414.87

**Delayed Delivery Securities:** $10100.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -7.49000000 | **1-Year:** -165.57000000 | **5-Year:** -639.89000000 | **10-Year:** -646.23000000 | **30-Year:** -202.41000000

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

- **3-Month:** -6.89000000 | **1-Year:** -104.88000000 | **5-Year:** -191.57000000 | **10-Year:** -45.30000000 | **30-Year:** -12.71000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000221416 | -0.44%               | 1.76%                | -0.10%               |
| Class ID C000221418 | -0.53%               | 1.68%                | -0.30%               |
| Class ID C000221417 | -0.58%               | 1.74%                | -0.13%               |
| Class ID C000221415 | -0.43%               | 1.76%                | -0.21%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6434.91                | $-64503.53                                 |
| Month 2  | $12145.99                | $107175.67                                 |
| Month 3  | $6891.90                 | $-51660.11                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140XMTK2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     40647 | PA      | $41513.23     | 0.49%             | 2043-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                 | Mars, Inc.                                                                            | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10046.96     | 0.12%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                           | Morgan Stanley                                                                        | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4256.28      | 0.05%             | 2036-09-16      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                         | LPL Holdings, Inc.                                                                    | CUSIP: 50212YAL8<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5059.97      | 0.06%             | 2030-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bonds                                                                   | CUSIP: 912810SE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    534000 | PA      | $417458.67    | 4.95%             | 2048-11-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                  | Starwood Property Trust, Inc.                                                         | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |     15000 | PA      | $15718.46     | 0.19%             | 2029-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 31418ECG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     22837 | PA      | $19430.17     | 0.23%             | 2042-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| VIKING OCEAN CRUISES SHI                                 | Viking Ocean Cruises Ship VII Ltd.                                                    | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      5000 | PA      | $4968.40      | 0.06%             | 2029-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC                                      | Lightning Power LLC                                                                   | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |      9000 | PA      | $9409.56      | 0.11%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                           | CPS Auto Receivables Trust                                                            | CUSIP: 22411CAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15000 | PA      | $15029.90     | 0.18%             | 2028-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC                                 | FHF Issuer Trust                                                                      | CUSIP: 30340RAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10000 | PA      | $10008.12     | 0.12%             | 2031-02-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| ACE Capital Trust II                                     | ACE Capital Trust II                                                                  | CUSIP: 00440FAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $23787.01     | 0.28%             | 2030-04-01      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| QORVO INC                                                | Qorvo, Inc.                                                                           | CUSIP: 74736KAJ0<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1794.11      | 0.02%             | 2031-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC              | BBCMS Mortgage Trust                                                                  | CUSIP: 05553WAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15000 | PA      | $15913.32     | 0.19%             | 2056-09-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                   | Verizon Communications, Inc.                                                          | CUSIP: 92343VGJ7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13433.05     | 0.16%             | 2031-03-21      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| TEXAS NATURAL GAS SECURITIZTN FIN CORP REVENUE           | Texas Natural Gas Securitization Finance Corp.                                        | CUSIP: 88258MAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5065.32      | 0.06%             | 2041-04-01      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                               | Navient Student Loan Trust                                                            | CUSIP: 63941LAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9539 | PA      | $9318.19      | 0.11%             | 2059-12-15      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                 | Capital One Financial Corp.                                                           | CUSIP: 14040HCT0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10078.63     | 0.12%             | 2033-05-10      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pass-Through Certifica        | FRESB Mortgage Trust                                                                  | CUSIP: 30297PAF0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      6732 | PA      | $6708.25      | 0.08%             | 2038-07-25      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN                                   | Cogent Communications Group LLC/Cogent Finance, Inc.                                  | CUSIP: 19240CAE3<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6002.65      | 0.07%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SUMMIT MIDSTREAM HOLDING                                 | Summit Midstream Holdings LLC                                                         | CUSIP: 86614JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8000 | PA      | $8149.98      | 0.10%             | 2029-10-31      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                   | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC                  | CUSIP: 013092AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     24000 | PA      | $23989.47     | 0.28%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bonds                                                                   | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    228000 | PA      | $150221.72    | 1.78%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                    | Wells Fargo & Co.                                                                     | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10295.01     | 0.12%             | 2036-04-23      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| MATIV HOLDINGS INC                                       | Mativ Holdings, Inc.                                                                  | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5395.63      | 0.06%             | 2029-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                     | Royal Bank of Canada                                                                  | CUSIP: 78017FZT3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $9999.76      | 0.12%             | 2030-10-18      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                                  | GLP Capital LP/GLP Financing II, Inc.                                                 | CUSIP: 361841AR0<br>LEI: N/A                  | Long             | DBT              |  | US        |     15000 | PA      | $13270.24     | 0.16%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                                 | Fortescue Treasury Pty. Ltd.                                                          | CUSIP: 30251GBD8<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |     15000 | PA      | $15196.08     | 0.18%             | 2030-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS                                 | Public Service Enterprise Group, Inc.                                                 | CUSIP: 744573AZ9<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10217.51     | 0.12%             | 2034-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                              | Oracle Corp.                                                                          | CUSIP: 68389XCA1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     15000 | PA      | $10898.39     | 0.13%             | 2051-03-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bonds                                                                   | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     88000 | PA      | $86528.75     | 1.03%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SCE RECOVERY FUNDING LLC                                 | SCE Recovery Funding LLC                                                              | CUSIP: 78433LAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $3993.77      | 0.05%             | 2042-11-15      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                   | Bank of New York Mellon Corp.                                                         | CUSIP: 06406RBT3<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10560.06     | 0.13%             | 2029-10-25      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| OLD REPUBLIC INTL CORP                                   | Old Republic International Corp.                                                      | CUSIP: 680223AM6<br>LEI: 549300IV6O2YY2A1KH37 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15369.60     | 0.18%             | 2034-03-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                        | Post Holdings, Inc.                                                                   | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |      7000 | PA      | $7125.25      | 0.08%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140X6M57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     23261 | PA      | $22285.15     | 0.26%             | 2043-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mid-State Trust                                          | Mid-State Trust XI                                                                    | CUSIP: 59549WAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     12400 | PA      | $12346.80     | 0.15%             | 2038-07-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| PG&E WILDFIRE RECOVERY                                   | PG&E Wildfire Recovery Funding LLC                                                    | CUSIP: 693342AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4607.58      | 0.05%             | 2039-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                      | Dominion Energy, Inc.                                                                 | CUSIP: 25746UDR7<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10249.35     | 0.12%             | 2032-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OLD REPUBLIC INTL CORP                                   | Old Republic International Corp.                                                      | CUSIP: 680223AL8<br>LEI: 549300IV6O2YY2A1KH37 | Long             | DBT              | CORP              | US        |     15000 | PA      | $10597.30     | 0.13%             | 2051-06-11      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                           | Gray Media, Inc.                                                                      | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5409.03      | 0.06%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                       | Chase Mortgage Finance Corp.                                                          | CUSIP: 16164AAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     24183 | PA      | $22197.68     | 0.26%             | 2045-12-25      | Variable      | 3.74%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 17-2 AA PTT                                 | American Airlines Pass-Through Trust                                                  | CUSIP: 02376AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      9317 | PA      | $8831.45      | 0.10%             | 2029-10-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE | New York City Municipal Water Finance Authority                                       | CUSIP: 64972FK88<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20594.84     | 0.24%             | 2042-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                                  | Howard Midstream Energy Partners LLC                                                  | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8000 | PA      | $8271.97      | 0.10%             | 2032-07-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROG SC STOR                                 | Duke Energy Progress SC Storm Funding LLC                                             | CUSIP: 26445CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4825 | PA      | $4847.61      | 0.06%             | 2044-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                           | Rocket Cos., Inc.                                                                     | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $5071.75      | 0.06%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| OREGON EDU DISTS FULL FAITH & CREDIT PENSN OBLIGS        | Oregon Education Districts                                                            | CUSIP: 68587FBL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $7626.40      | 0.09%             | 2040-06-30      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| RADIOLOGY PARTNERS INC                                   | Radiology Partners, Inc.                                                              | CUSIP: 75041VAE4<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6077.94      | 0.07%             | 2032-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                     | Bank of America Corp.                                                                 | CUSIP: 06051GHG7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9878.22      | 0.12%             | 2029-03-05      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE INF CAP                                   | HA Sustainable Infrastructure Capital, Inc.                                           | CUSIP: 40408AAA9<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10090.36     | 0.12%             | 2031-01-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                                                   | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    166000 | PA      | $164547.50    | 1.95%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                                        | L3Harris Technologies, Inc.                                                           | CUSIP: 502431AT6<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15437.13     | 0.18%             | 2031-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                                    | Panther Escrow Issuer LLC                                                             | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $15510.97     | 0.18%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                                    | American Homes 4 Rent LP                                                              | CUSIP: 02666TAC1<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |     10000 | PA      | $8685.03      | 0.10%             | 2031-07-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| BX Trust 2019-OC11                                       | BX Trust                                                                              | CUSIP: 05606FAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15000 | PA      | $13974.34     | 0.17%             | 2041-12-09      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                       | CNX Resources Corp.                                                                   | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |      9000 | PA      | $9278.87      | 0.11%             | 2032-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                  | MPLX LP                                                                               | CUSIP: 55336VBY5<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9888.36      | 0.12%             | 2035-04-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bonds                                                                   | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    167000 | PA      | $116201.99    | 1.38%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                                | Morgan Stanley Bank of America Merrill Lynch Trust                                    | CUSIP: 61766RAY2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13486 | PA      | $13254.35     | 0.16%             | 2049-11-15      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                 | JP Morgan Mortgage Trust                                                              | CUSIP: 46653TAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     31331 | PA      | $25238.86     | 0.30%             | 2051-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                       | Viking Cruises Ltd.                                                                   | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     15000 | PA      | $16142.12     | 0.19%             | 2031-07-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                                   | Brookfield Finance, Inc.                                                              | CUSIP: 11271LAP7<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $9871.98      | 0.12%             | 2055-03-03      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                      | New Residential Mortgage Loan Trust                                                   | CUSIP: 64829GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     24616 | PA      | $23705.91     | 0.28%             | 2035-11-26      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                   | Velocity Commercial Capital Loan Trust                                                | CUSIP: 92259QAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     80165 | PA      | $81853.59     | 0.97%             | 2054-06-25      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bonds                                                                   | CUSIP: 912810TQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     89000 | PA      | $78838.01     | 0.94%             | 2043-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                               | Navient Private Education Refi Loan Trust                                             | CUSIP: 638961AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6983 | PA      | $7108.69      | 0.08%             | 2071-10-15      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| Brean Asset Backed Securities Trust                      | Brean Asset-Backed Securities Trust                                                   | CUSIP: 10637YAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     40217 | PA      | $39207.77     | 0.47%             | 2064-05-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured Securities Trust           | Finance of America Structured Securities Trust                                        | CUSIP: 31739TAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     65659 | PA      | $66315.38     | 0.79%             | 2073-04-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                | Apple, Inc.                                                                           | CUSIP: 037833FB1<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25164.67     | 0.30%             | 2035-05-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                                                   | CUSIP: 91282CJJ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    122000 | PA      | $124158.83    | 1.47%             | 2033-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                 | JP Morgan Mortgage Trust                                                              | CUSIP: 46658XAC9<br>LEI: 5299003TKRYXBBT76K08 | Long             | ABS-MBS          | CORP              | US        |     30404 | PA      | $30475.06     | 0.36%             | 2055-05-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                                 | Encore Capital Group, Inc.                                                            | CUSIP: 292554AR3<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6346.61      | 0.08%             | 2030-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VALVOLINE INC                                            | Valvoline, Inc.                                                                       | CUSIP: 92047WAG6<br>LEI: 549300CMHPBEY6VPOT75 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27007.75     | 0.32%             | 2031-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                      | Sirius XM Radio LLC                                                                   | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4413.12      | 0.05%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                            | Citigroup, Inc.                                                                       | CUSIP: 172967QA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5047.63      | 0.06%             | 2031-05-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| NMI HOLDINGS                                             | NMI Holdings, Inc.                                                                    | CUSIP: 629209AC1<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15322.06     | 0.18%             | 2029-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                       | Osaic Holdings, Inc.                                                                  | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5082.46      | 0.06%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BX Trust 2019-OC11                                       | BX Trust                                                                              | CUSIP: 05606FAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000 | PA      | $9370.75      | 0.11%             | 2041-12-09      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| STONEX ESCROW ISSUER LLC                                 | Stonex Escrow Issuer LLC                                                              | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $25439.85     | 0.30%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                            | State of California                                                                   | CUSIP: 13063BN81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9515.38      | 0.11%             | 2039-04-01      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                                 | Burford Capital Global Finance LLC                                                    | CUSIP: 12116LAG4<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28176.40     | 0.33%             | 2033-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                              | Extended Stay America Trust                                                           | CUSIP: 30227FAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12866 | PA      | $12881.99     | 0.15%             | 2038-07-15      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                | Towd Point Mortgage Trust                                                             | CUSIP: 891944AB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     44304 | PA      | $43637.84     | 0.52%             | 2064-10-25      | Variable      | 4.55%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                 | Capital One Financial Corp.                                                           | CUSIP: 14040HDF9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10455.27     | 0.12%             | 2035-02-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                              | Federal Home Loan Mortgage Corp.                                                      | CUSIP: 3132D9KM5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     24030 | PA      | $21684.04     | 0.26%             | 2042-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust               | JPMBB Commercial Mortgage Securities Trust                                            | CUSIP: 46644UBA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1718 | PA      | $1713.03      | 0.02%             | 2048-07-15      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                             | Dell Equipment Finance Trust                                                          | CUSIP: 24704EAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20000 | PA      | $20058.87     | 0.24%             | 2030-08-22      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| PPL CAPITAL FUNDING INC                                  | PPL Capital Funding, Inc.                                                             | CUSIP: 69352PAT0<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15133.02     | 0.18%             | 2034-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTL INC                                      | Somnigroup International, Inc.                                                        | CUSIP: 88023UAJ0<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5417.68      | 0.06%             | 2031-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                             | Comcast Corp.                                                                         | CUSIP: 20030NCE9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     15000 | PA      | $11326.31     | 0.13%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                            | State of California                                                                   | CUSIP: 13063D3S5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $14980.82     | 0.18%             | 2038-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                      | American Express Co.                                                                  | CUSIP: 025816EH8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15561.94     | 0.18%             | 2036-04-25      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA CMNTY CLG DIST                            | Los Angeles Community College District                                                | CUSIP: 54438CNZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5310.16      | 0.06%             | 2042-08-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                   | Velocity Commercial Capital Loan Trust                                                | CUSIP: 92259BAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9900 | PA      | $9635.32      | 0.11%             | 2048-10-26      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured Securities Trust           | Finance of America Structured Securities Trust                                        | CUSIP: 31739XAD2<br>LEI: 2549004F0E42Q9KME434 | Long             | ABS-O            | CORP              | US        |     50000 | PA      | $48001.51     | 0.57%             | 2075-07-25      | Variable      | 3.50%                 | No            |                  3 | On Loan: No      |
| Vantage Data Centers LLC                                 | Vantage Data Centers Issuer LLC                                                       | CUSIP: 92212KAD8<br>LEI: 5493000RL8X7WTQ7HO20 | Long             | ABS-O            | CORP              | US        |     20000 | PA      | $19260.20     | 0.23%             | 2046-10-15      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                                                   | CUSIP: 91282CKF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    226000 | PA      | $227068.20    | 2.69%             | 2031-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                                 | Macquarie Airfinance Holdings Ltd.                                                    | CUSIP: 55609NAD0<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |     24000 | PA      | $25407.53     | 0.30%             | 2031-03-26      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT                                   | HAT Holdings I LLC/HAT Holdings II LLC                                                | CUSIP: 418751AE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4000 | PA      | $3923.72      | 0.05%             | 2026-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                      | Bank of Nova Scotia                                                                   | CUSIP: 06418GAN7<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $9966.26      | 0.12%             | 2032-11-10      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                              | City of New York                                                                      | CUSIP: 64966HYV6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5104.37      | 0.06%             | 2040-06-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                   | PNC Financial Services Group, Inc.                                                    | CUSIP: 693475BS3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10547.00     | 0.13%             | 2034-08-18      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                              | Federal Home Loan Mortgage Corp.                                                      | CUSIP: 31335BCW4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     44043 | PA      | $39047.57     | 0.46%             | 2047-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                                   | Brookfield Finance, Inc.                                                              | CUSIP: 11271LAK8<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $10767.37     | 0.13%             | 2034-01-05      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| DC Office Trust                                          | DC Office Trust                                                                       | CUSIP: 23312BAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000 | PA      | $8500.27      | 0.10%             | 2045-09-15      | Variable      | 3.07%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.         | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates     | CUSIP: 3137H9C98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     15000 | PA      | $14251.40     | 0.17%             | 2032-09-25      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                                    | QXO Building Products, Inc.                                                           | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5148.91      | 0.06%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                               | Navient Private Education Refi Loan Trust                                             | CUSIP: 63940UAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5579 | PA      | $5512.05      | 0.07%             | 2059-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                                                   | CUSIP: 91282CCR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     52000 | PA      | $47785.16     | 0.57%             | 2028-07-31      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                 | Government National Mortgage Association                                              | CUSIP: 36179R7J2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     28823 | PA      | $26553.55     | 0.32%             | 2046-04-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS LP                                       | Regency Centers LP                                                                    | CUSIP: 75884RBA0<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |     20000 | PA      | $19285.82     | 0.23%             | 2030-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                      | Station Casinos LLC                                                                   | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6118.31      | 0.07%             | 2032-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                   | Canadian Imperial Bank of Commerce                                                    | CUSIP: 13607PH98<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $10077.85     | 0.12%             | 2029-03-30      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| REXFORD INDUSTRIAL REALT                                 | Rexford Industrial Realty LP                                                          | CUSIP: 76169XAA2<br>LEI: 549300028US163ELJN70 | Long             | DBT              |  | US        |     15000 | PA      | $13024.83     | 0.15%             | 2030-12-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                 | JP Morgan Mortgage Trust                                                              | CUSIP: 46654WAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     43258 | PA      | $34831.44     | 0.41%             | 2052-07-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                                      | Kimco Realty OP LLC                                                                   | CUSIP: 49446RAZ2<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |      5000 | PA      | $4540.90      | 0.05%             | 2032-04-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                                         | Coca-Cola Co.                                                                         | CUSIP: 191216DS6<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14534.19     | 0.17%             | 2054-05-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                   | Nationstar Mortgage Holdings, Inc.                                                    | CUSIP: 63861CAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4993.59      | 0.06%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                            | PRA Group, Inc.                                                                       | CUSIP: 69354NAD8<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13861.42     | 0.16%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW ENTERPRISE STONE & L                                 | New Enterprise Stone & Lime Co., Inc.                                                 | CUSIP: 644274AG7<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |      1000 | PA      | $1002.50      | 0.01%             | 2028-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                            | CoreWeave, Inc.                                                                       | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6033.70      | 0.07%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ACCENTURE CAPITAL INC                                    | Accenture Capital, Inc.                                                               | CUSIP: 00440KAD5<br>LEI: 254900FRO0P7RIINYT25 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14530.55     | 0.17%             | 2034-10-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                            | Carnival Corp.                                                                        | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |      5000 | PA      | $5035.05      | 0.06%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mid-State Trust                                          | Mid-State Capital Corp. Trust                                                         | CUSIP: 595481AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     13944 | PA      | $13999.89     | 0.17%             | 2040-01-15      | Fixed         | 7.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 31418ECZ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     38418 | PA      | $33435.49     | 0.40%             | 2042-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                                      | Invitation Homes Operating Partnership LP                                             | CUSIP: 46188BAA0<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              |  | US        |     10000 | PA      | $8484.40      | 0.10%             | 2031-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                 | Benchmark Mortgage Trust                                                              | CUSIP: 08162WBE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     30000 | PA      | $24431.64     | 0.29%             | 2053-09-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE HOLDINGS FINA                                 | Blackstone Holdings Finance Co. LLC                                                   | CUSIP: 09261BAG5<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |     25000 | PA      | $21615.89     | 0.26%             | 2032-03-30      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                   | General Motors Financial Co., Inc.                                                    | CUSIP: 37045XFG6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5078.81      | 0.06%             | 2032-04-04      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                                                 | State of Texas                                                                        | CUSIP: 882722KF7<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5103.85      | 0.06%             | 2039-04-01      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| GEN LUX SARL/GEN USA INC                                 | Genpact Luxembourg SARL/Genpact USA, Inc.                                             | CUSIP: 37190AAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     15000 | PA      | $15483.92     | 0.18%             | 2029-06-04      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF VIRGINIA VA UNIV REVENUES                        | University of Virginia                                                                | CUSIP: 915217RY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16241.35     | 0.19%             | 2039-09-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                        | Eversource Energy                                                                     | CUSIP: 30040WBA5<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20938.61     | 0.25%             | 2031-04-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAPITAL SA                                 | TotalEnergies Capital SA                                                              | CUSIP: 89157XAB7<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |     10000 | PA      | $9585.91      | 0.11%             | 2054-04-05      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                            | State of California                                                                   | CUSIP: 13063BJC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $6002.68      | 0.07%             | 2040-11-01      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                           | Federal National Mortgage Association-ACES                                            | CUSIP: 3136B3XY1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     22290 | PA      | $21816.73     | 0.26%             | 2028-09-25      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                    | Wells Fargo & Co.                                                                     | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     24000 | PA      | $23777.36     | 0.28%             | 2026-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| REXFORD INDUSTRIAL REALT                                 | Rexford Industrial Realty LP                                                          | CUSIP: 76169XAB0<br>LEI: 549300028US163ELJN70 | Long             | DBT              |  | US        |     10000 | PA      | $8558.57      | 0.10%             | 2031-09-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| RAYMOND JAMES FINANCIAL                                  | Raymond James Financial, Inc.                                                         | CUSIP: 754730AH2<br>LEI: RGUZHJ05YTITL6D76949 | Long             | DBT              | CORP              | US        |     20000 | PA      | $14550.87     | 0.17%             | 2051-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE          | Dallas Fort Worth International Airport                                               | CUSIP: 2350366Z8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4017.44      | 0.05%             | 2040-11-01      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                   | PNC Financial Services Group, Inc.                                                    | CUSIP: 693475CA1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4995.51      | 0.06%             | 2032-10-21      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                | Bay Area Toll Authority                                                               | CUSIP: 072024ND0<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10418.27     | 0.12%             | 2049-04-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| OGE ENERGY CORP                                          | OGE Energy Corp.                                                                      | CUSIP: 670837AD5<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10302.56     | 0.12%             | 2029-05-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| UNION ELECTRIC CO                                        | Union Electric Co.                                                                    | CUSIP: 906548DA7<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10144.60     | 0.12%             | 2035-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                                 | Targa Resources Partners LP/Targa Resources Partners Finance Corp.                    | CUSIP: 87612BBS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $19764.98     | 0.23%             | 2031-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SITIO ROYAL OP / SIT FIN                                 | Sitio Royalties Operating Partnership LP/Sitio Finance Corp.                          | CUSIP: 82983MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1000 | PA      | $1043.66      | 0.01%             | 2028-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                       | Energy Transfer LP                                                                    | CUSIP: 29273VBE9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15210.16     | 0.18%             | 2035-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                       | Ally Financial, Inc.                                                                  | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19415.76     | 0.23%             | 2026-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                     | OneMain Finance Corp.                                                                 | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5012.50      | 0.06%             | 2030-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                            | State of California                                                                   | CUSIP: 13063D3T3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9605.10      | 0.11%             | 2043-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140XHK97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21543 | PA      | $20637.70     | 0.24%             | 2046-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX UNIV REVENUES                           | Board of Regents of the University of Texas System                                    | CUSIP: 91514AGU3<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |      5000 | PA      | $3682.13      | 0.04%             | 2047-08-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                           | Federal National Mortgage Association-ACES                                            | CUSIP: 3136BQCP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15000 | PA      | $14671.23     | 0.17%             | 2033-07-25      | Variable      | 4.40%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                      | Global Payments, Inc.                                                                 | CUSIP: 37940XAB8<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14100.81     | 0.17%             | 2029-08-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                              | City of New York                                                                      | CUSIP: 64966SNH5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15666.06     | 0.19%             | 2045-02-01      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140X6LH2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27924 | PA      | $23606.22     | 0.28%             | 2046-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                                 | Marsh & McLennan Cos., Inc.                                                           | CUSIP: 571748BP6<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8738.42      | 0.10%             | 2031-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                        | State Street Corp.                                                                    | CUSIP: 857477CR2<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9964.94      | 0.12%             | 2032-10-22      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140XLN95<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     22531 | PA      | $22498.09     | 0.27%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                      | New Residential Mortgage Loan Trust                                                   | CUSIP: 64828FAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     58459 | PA      | $58442.69     | 0.69%             | 2048-01-25      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                              | Federal Home Loan Mortgage Corp.                                                      | CUSIP: 3132DQDD5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     30222 | PA      | $27874.35     | 0.33%             | 2046-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                           | Carvana Auto Receivables Trust                                                        | CUSIP: 14687GAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2437 | PA      | $2357.43      | 0.03%             | 2028-06-12      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS                             | City of Los Angeles Department of Airports                                            | CUSIP: 544435C32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5357.06      | 0.06%             | 2039-05-15      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                 | Government National Mortgage Association REMICS                                       | CUSIP: 38383VRB6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     17417 | PA      | $17645.95     | 0.21%             | 2045-06-20      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| Truist Bank                                              | Truist Bank                                                                           | CUSIP: 07330MAC1<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19835.75     | 0.24%             | 2029-09-17      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ROLLINS INC                                              | Rollins, Inc.                                                                         | CUSIP: 775711AC8<br>LEI: 549300F2A0BXT4SGWD84 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15010.10     | 0.18%             | 2035-02-24      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CNX MIDSTREAM PART LP                                    | CNX Midstream Partners LP                                                             | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6000 | PA      | $5670.26      | 0.07%             | 2030-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CAL Funding IV Ltd                                       | CAL Funding IV Ltd.                                                                   | CUSIP: 12807CAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | BM        |      8806 | PA      | $8291.98      | 0.10%             | 2045-09-25      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                 | Warnermedia Holdings, Inc.                                                            | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |      8000 | PA      | $6740.00      | 0.08%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                    | Venture Global Plaquemines LNG LLC                                                    | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6173.72      | 0.07%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                      | Sirius XM Radio LLC                                                                   | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     13000 | PA      | $12392.19     | 0.15%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY INDIANA LLC                                  | Duke Energy Indiana LLC                                                               | CUSIP: 26443TAC0<br>LEI: 6URPHM2EAWGJ2C6ISB97 | Long             | DBT              | CORP              | US        |     15000 | PA      | $9212.97      | 0.11%             | 2050-04-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT WTR & PWR REVENUE                    | Los Angeles Department of Water & Power                                               | CUSIP: 544495VY7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31317.85     | 0.37%             | 2045-07-01      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| VERMILION ENERGY INC                                     | Vermilion Energy, Inc.                                                                | CUSIP: 923725AE5<br>LEI: 8945009D1HGCJC8M8A68 | Long             | DBT              | CORP              | CA        |      6000 | PA      | $5673.62      | 0.07%             | 2033-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                         | GGAM Finance Ltd.                                                                     | CUSIP: 36170JAA4<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     41000 | PA      | $43377.51     | 0.51%             | 2028-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Asset Backed Securities Trust               | Bear Stearns Asset-Backed Securities Trust                                            | CUSIP: 07384YNA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20457 | PA      | $20311.30     | 0.24%             | 2033-10-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP                                   | Regions Financial Corp.                                                               | CUSIP: 7591EPAU4<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10334.15     | 0.12%             | 2030-06-06      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                    | Wells Fargo & Co.                                                                     | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10295.36     | 0.12%             | 2029-07-25      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                     | Bank of America Corp.                                                                 | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14647.11     | 0.17%             | 2028-12-20      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                     | Bank of America Corp.                                                                 | CUSIP: 06051GHM4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9952.64      | 0.12%             | 2029-07-23      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                       | Chase Mortgage Finance Corp.                                                          | CUSIP: 16164AAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11899 | PA      | $10968.70     | 0.13%             | 2045-12-25      | Variable      | 3.74%                 | No            |                  2 | On Loan: No      |
| CD&R SMOKEY / RADIO SYS                                  | CD&R Smokey Buyer, Inc./Radio Systems Corp.                                           | CUSIP: 12515KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6000 | PA      | $4980.00      | 0.06%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AON CORP/AON GLOBAL HOLD                                 | Aon Corp./Aon Global Holdings PLC                                                     | CUSIP: 03740LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      5000 | PA      | $4299.42      | 0.05%             | 2031-08-23      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                            | Citigroup, Inc.                                                                       | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10461.74     | 0.12%             | 2034-05-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC              | BBCMS Mortgage Trust                                                                  | CUSIP: 07336DAW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15000 | PA      | $15494.65     | 0.18%             | 2056-07-15      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Greenpoint Mortgage Pass-Through Certificates            | GreenPoint Mortgage Pass-Through Certificates                                         | CUSIP: 395387AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     21827 | PA      | $21240.92     | 0.25%             | 2033-10-25      | Variable      | 7.17%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                            | State of California                                                                   | CUSIP: 13063D7G7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5140.84      | 0.06%             | 2041-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TEXAS WTR DEV BRD REVENUE                                | Texas Water Development Board                                                         | CUSIP: 88285AGV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4580.97      | 0.05%             | 2054-10-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                   | Santander Drive Auto Receivables Trust                                                | CUSIP: 80287NAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $25134.06     | 0.30%             | 2031-05-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                      | JPMorgan Chase & Co.                                                                  | CUSIP: 46647PEH5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10490.68     | 0.12%             | 2035-04-22      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                           | Morgan Stanley                                                                        | CUSIP: 61747YFL4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10243.55     | 0.12%             | 2035-01-18      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                       | Howard Hughes Corp.                                                                   | CUSIP: 44267DAD9<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9938.88      | 0.12%             | 2028-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Retained Vantage Data Centers Issuer, LLC                | Retained Vantage Data Centers Issuer LLC                                              | CUSIP: 76134KAH7<br>LEI: 254900N4NW6XZ9B4HM15 | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $24557.34     | 0.29%             | 2049-09-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                            | State of California                                                                   | CUSIP: 13063A7D0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $11479.20     | 0.14%             | 2039-10-01      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                        | Lithia Motors, Inc.                                                                   | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |     22000 | PA      | $20696.40     | 0.25%             | 2031-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Viking Cruises Ltd                                       | Viking Cruises Ltd.                                                                   | CUSIP: 92676XAD9<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |      8000 | PA      | $7995.32      | 0.09%             | 2027-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JERSEY NY                    | Port Authority of New York & New Jersey                                               | CUSIP: 73358WRQ9<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |     10000 | PA      | $9762.57      | 0.12%             | 2046-08-01      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                                 | Prudential Financial, Inc.                                                            | CUSIP: 744320BK7<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |     29000 | PA      | $29408.99     | 0.35%             | 2052-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE         | Chicago Transit Authority Sales Tax Receipts Fund                                     | CUSIP: 16772PAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15467.80     | 0.18%             | 2040-12-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                                         | Coca-Cola Co.                                                                         | CUSIP: 191216CV0<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |     30000 | PA      | $26551.70     | 0.31%             | 2030-06-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3138XBXW9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11496 | PA      | $10972.06     | 0.13%             | 2043-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                                 | Jones Deslauriers Insurance Management, Inc.                                          | CUSIP: 48020RAA3<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |     15000 | PA      | $15940.47     | 0.19%             | 2030-12-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Social Professional Loan Program LLC                     | SoFi Professional Loan Program LLC                                                    | CUSIP: 83405YAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9762 | PA      | $8635.43      | 0.10%             | 2043-08-17      | Fixed         | 1.03%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                      | JPMorgan Chase & Co.                                                                  | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15341.66     | 0.18%             | 2031-01-24      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC                                      | Cardinal Health, Inc.                                                                 | CUSIP: 14149YBS6<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20238.29     | 0.24%             | 2034-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                      | Charles Schwab Corp.                                                                  | CUSIP: 808513CE3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10601.35     | 0.13%             | 2034-05-19      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                    | GFL Environmental, Inc.                                                               | CUSIP: 36168QAQ7<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |     20000 | PA      | $20762.44     | 0.25%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FTAI INFRA ESC HLDGS LLC                                 | FTAI Infra Escrow Holdings LLC                                                        | CUSIP: 30327TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1000 | PA      | $1027.92      | 0.01%             | 2027-06-01      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Brean Asset Backed Securities Trust                      | Brean Asset-Backed Securities Trust                                                   | CUSIP: 10638MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     37279 | PA      | $35834.76     | 0.43%             | 2061-10-25      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                   | Bank of New York Mellon Corp.                                                         | CUSIP: 06406RCB1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10181.50     | 0.12%             | 2031-02-11      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| TAKE-TWO INTERACTIVE SOF                                 | Take-Two Interactive Software, Inc.                                                   | CUSIP: 874054AH2<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9463.29      | 0.11%             | 2032-04-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORP                                     | JetBlue Pass-Through Trust                                                            | CUSIP: 477164AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10583 | PA      | $9864.68      | 0.12%             | 2032-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bank                                                     | Bank                                                                                  | CUSIP: 06541XAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     17950 | PA      | $17714.77     | 0.21%             | 2060-09-15      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                                    | DB Master Finance LLC                                                                 | CUSIP: 233046AQ4<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |      9650 | PA      | $8916.31      | 0.11%             | 2051-11-20      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                              | RCKT Mortgage Trust                                                                   | CUSIP: 74935WAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    151000 | PA      | $151717.75    | 1.80%             | 2043-06-25      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140J72S3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     18779 | PA      | $16621.79     | 0.20%             | 2048-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                 | Warnermedia Holdings, Inc.                                                            | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2006.94      | 0.02%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                                 | JH North America Holdings, Inc.                                                       | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |     13000 | PA      | $13047.32     | 0.15%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AGCO CORP                                                | AGCO Corp.                                                                            | CUSIP: 001084AS1<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15304.51     | 0.18%             | 2034-03-21      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                    | Truist Financial Corp.                                                                | CUSIP: 89788MAU6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15207.81     | 0.18%             | 2031-05-20      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                      | COMM Mortgage Trust                                                                   | CUSIP: 12655TBM0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000 | PA      | $9330.57      | 0.11%             | 2057-08-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA REVENUES                              | University of California                                                              | CUSIP: 91412GHA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4137.46      | 0.05%             | 2112-05-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| ESSEX PORTFOLIO LP                                       | Essex Portfolio LP                                                                    | CUSIP: 29717PAZ0<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              |  | US        |     15000 | PA      | $13232.37     | 0.16%             | 2031-06-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140J5MF3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     28694 | PA      | $26431.94     | 0.31%             | 2037-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140XKRE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     32768 | PA      | $29077.34     | 0.34%             | 2042-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE     | New York State Dormitory Authority                                                    | CUSIP: 649902T37<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5059.86      | 0.06%             | 2040-03-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE OKLAHOMA                                  | Public Service Co. of Oklahoma                                                        | CUSIP: 744533BQ2<br>LEI: F3TJNSIZRGXRH8GEIK79 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15201.78     | 0.18%             | 2033-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                        | Johnson & Johnson                                                                     | CUSIP: 478160DK7<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20463.92     | 0.24%             | 2032-03-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                            | State of California                                                                   | CUSIP: 13063A5G5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $17931.95     | 0.21%             | 2039-04-01      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 31418EEE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     39680 | PA      | $35578.27     | 0.42%             | 2042-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.         | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates     | CUSIP: 3137FUZH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     49791 | PA      | $41711.26     | 0.49%             | 2035-01-25      | Fixed         | 1.24%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                        | Iron Mountain, Inc.                                                                   | CUSIP: 46284VAF8<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |     17000 | PA      | $16624.60     | 0.20%             | 2029-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140XJXT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     39776 | PA      | $34931.57     | 0.41%             | 2048-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL                                 | Phoenix Aviation Capital Ltd.                                                         | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |      7000 | PA      | $7334.65      | 0.09%             | 2030-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                                 | American Airlines, Inc./AAdvantage Loyalty IP Ltd.                                    | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      5000 | PA      | $4998.25      | 0.06%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                        | Sierra Timeshare Receivables Funding LLC                                              | CUSIP: 82652QAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4382 | PA      | $4316.36      | 0.05%             | 2037-11-20      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| CIT Group Home Equity Loan Trust                         | CIT Home Equity Loan Trust                                                            | CUSIP: 12558MBN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     59258 | PA      | $58937.09     | 0.70%             | 2032-09-20      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                              | City of New York                                                                      | CUSIP: 64966HTX8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5188.07      | 0.06%             | 2036-12-01      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| MCKESSON CORP                                            | McKesson Corp.                                                                        | CUSIP: 581557BW4<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15087.35     | 0.18%             | 2030-05-30      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                                 | Burford Capital Global Finance LLC                                                    | CUSIP: 12116LAE9<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |     14000 | PA      | $14801.08     | 0.18%             | 2031-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF ADMIN FIN CORP REVENUE                 | State Board of Administration Finance Corp.                                           | CUSIP: 341271AH7<br>LEI: 549300S34SOJ0RULXM35 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10246.34     | 0.12%             | 2034-07-01      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                       | Meta Platforms, Inc.                                                                  | CUSIP: 30303M8T2<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5044.66      | 0.06%             | 2031-08-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Prime Mortgage Trust                                     | Prime Mortgage Trust                                                                  | CUSIP: 74160MDK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     29010 | PA      | $28778.54     | 0.34%             | 2034-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                      | New Residential Mortgage Loan Trust                                                   | CUSIP: 64829KBV1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     30993 | PA      | $29868.16     | 0.35%             | 2057-03-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Residential Funding Mtg Sec I                            | RFMSI Trust                                                                           | CUSIP: 76111XRB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10892 | PA      | $10454.15     | 0.12%             | 2034-12-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                            | State of California                                                                   | CUSIP: 13063BBU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $11526.80     | 0.14%             | 2039-11-01      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| Conseco Financial Corp                                   | Conseco Finance Corp.                                                                 | CUSIP: 393505SK9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10230 | PA      | $10284.48     | 0.12%             | 2028-03-15      | Variable      | 7.22%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                                                   | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    201000 | PA      | $205334.06    | 2.44%             | 2035-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Citicorp Residential Mortgage Securities, Inc.           | Citicorp Residential Mortgage Trust                                                   | CUSIP: 173109AE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2025 | PA      | $2014.32      | 0.02%             | 2037-03-25      | Variable      | 6.55%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                                      | Ashtead Capital, Inc.                                                                 | CUSIP: 045054AS2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4108.50      | 0.05%             | 2034-04-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                   | BP Capital Markets America, Inc.                                                      | CUSIP: 10373QBU3<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14951.77     | 0.18%             | 2033-02-13      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured Securities Trust           | Finance of America Structured Securities Trust                                        | CUSIP: 316929AC2<br>LEI: 254900FJW75GV74X3O58 | Long             | ABS-MBS          | CORP              | US        |     75000 | PA      | $73996.62     | 0.88%             | 2075-05-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                      | New Residential Mortgage Loan Trust                                                   | CUSIP: 64829DAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16703 | PA      | $16539.61     | 0.20%             | 2054-11-25      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                 | AT&T, Inc.                                                                            | CUSIP: 00206RKA9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     15000 | PA      | $10584.31     | 0.13%             | 2051-06-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                  | Royal Caribbean Cruises Ltd.                                                          | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     25000 | PA      | $25183.75     | 0.30%             | 2031-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.         | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates     | CUSIP: 3137FQJY0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     12904 | PA      | $11717.46     | 0.14%             | 2034-07-25      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                           | Hyundai Auto Receivables Trust                                                        | CUSIP: 44935XAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $25210.31     | 0.30%             | 2032-07-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 31418DUA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     43681 | PA      | $37535.40     | 0.45%             | 2040-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                         | T-Mobile USA, Inc.                                                                    | CUSIP: 87264ABV6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14400.70     | 0.17%             | 2029-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ASSOC BANC-CORP                                          | Associated Banc-Corp.                                                                 | CUSIP: 045487AD7<br>LEI: 549300N3CIN473IW5094 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15437.11     | 0.18%             | 2030-08-29      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                             | Enbridge, Inc.                                                                        | CUSIP: 29250NCD5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     15000 | PA      | $14866.42     | 0.18%             | 2054-04-05      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                    | PennyMac Financial Services, Inc.                                                     | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10307.93     | 0.12%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Certificates                  | WaMu Mortgage Pass-Through Certificates Trust                                         | CUSIP: 9292276K7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     43026 | PA      | $42782.48     | 0.51%             | 2033-08-25      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| SCE RECOVERY FUNDING LLC                                 | SCE Recovery Funding LLC                                                              | CUSIP: 78433LAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4716.31      | 0.06%             | 2047-12-15      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                                 | Burlington Northern Santa Fe LLC                                                      | CUSIP: 12189LAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9289.21      | 0.11%             | 2044-04-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Rocket Mortgage LLC                                      | Rocket Mortgage LLC                                                                   | CUSIP: 74840LAB8<br>LEI: 549300FGXN1K3HLB1R50 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14607.00     | 0.17%             | 2028-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                   | Velocity Commercial Capital Loan Trust                                                | CUSIP: 92257CAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     17482 | PA      | $15590.09     | 0.18%             | 2049-03-25      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                 | Benchmark Mortgage Trust                                                              | CUSIP: 08163LAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000 | PA      | $8696.06      | 0.10%             | 2053-12-17      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                  | Goldman Sachs Group, Inc.                                                             | CUSIP: 38141GXR0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8672.30      | 0.10%             | 2032-01-27      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| TACO BELL FUNDING, LLC                                   | Taco Bell Funding LLC                                                                 | CUSIP: 87342RAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     19650 | PA      | $17818.93     | 0.21%             | 2051-08-25      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                      | Charles Schwab Corp.                                                                  | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24641.84     | 0.29%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                                    | Aon North America, Inc.                                                               | CUSIP: 03740MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $10231.78     | 0.12%             | 2034-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                 | National Rural Utilities Cooperative Finance Corp.                                    | CUSIP: 63743HFX5<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10190.22     | 0.12%             | 2030-02-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                           | Gray Media, Inc.                                                                      | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |      3000 | PA      | $3026.60      | 0.04%             | 2032-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                | Amgen, Inc.                                                                           | CUSIP: 031162CW8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8870.62      | 0.11%             | 2031-02-25      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                             | Broadcom, Inc.                                                                        | CUSIP: 11135FCM1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15080.88     | 0.18%             | 2035-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                           | Federal National Mortgage Association-ACES                                            | CUSIP: 3136B35Z9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13950 | PA      | $13408.61     | 0.16%             | 2031-02-25      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                      | Exeter Automobile Receivables Trust                                                   | CUSIP: 30165JAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     13578 | PA      | $13434.81     | 0.16%             | 2028-01-17      | Fixed         | 1.96%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                 | Capital One Financial Corp.                                                           | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10269.61     | 0.12%             | 2036-01-30      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                 | Charter Communications Operating LLC/Charter Communications Operating Capital         | CUSIP: 161175CR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $15809.48     | 0.19%             | 2034-06-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC                                   | CACI International, Inc.                                                              | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4090.05      | 0.05%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                | Block, Inc.                                                                           | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4105.00      | 0.05%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                              | RCKT Mortgage Trust                                                                   | CUSIP: 74939FAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     39230 | PA      | $39490.14     | 0.47%             | 2044-06-25      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| SEASPAN CORP                                             | Seaspan Corp.                                                                         | CUSIP: 81254UAK2<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |     20000 | PA      | $19045.59     | 0.23%             | 2029-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                              | Federal Home Loan Mortgage Corp.                                                      | CUSIP: 3132DN3X9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     23214 | PA      | $20388.90     | 0.24%             | 2049-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC                                        | CBRE Services, Inc.                                                                   | CUSIP: 12505BAE0<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8885.49      | 0.11%             | 2031-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC              | BBCMS Mortgage Trust                                                                  | CUSIP: 07337AAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15000 | PA      | $15506.73     | 0.18%             | 2062-02-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                               | Navient Private Education Refi Loan Trust                                             | CUSIP: 63941CAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6967 | PA      | $6935.01      | 0.08%             | 2059-12-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                | Bay Area Toll Authority                                                               | CUSIP: 072024NU2<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5567.32      | 0.07%             | 2040-04-01      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.         | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates     | CUSIP: 3137F63Z8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     10000 | PA      | $8745.99      | 0.10%             | 2030-09-25      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| QUEST DIAGNOSTICS INC                                    | Quest Diagnostics, Inc.                                                               | CUSIP: 74834LBG4<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9930.81      | 0.12%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STONEX GROUP INC                                         | StoneX Group, Inc.                                                                    | CUSIP: 861896AA6<br>LEI: 549300JUF07L8VF02M60 | Long             | DBT              | CORP              | US        |      2000 | PA      | $2101.86      | 0.02%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TRINET GROUP INC                                         | TriNet Group, Inc.                                                                    | CUSIP: 896288AC1<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15436.19     | 0.18%             | 2031-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CNTY CA PUBLIC WKS FING AUTH LEASE REVENUE   | Los Angeles County Public Works Financing Authority                                   | CUSIP: 54473ENS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $17550.64     | 0.21%             | 2040-08-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                                                   | CUSIP: 91282CGZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     78000 | PA      | $76464.38     | 0.91%             | 2030-04-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                 | Snap, Inc.                                                                            | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |      9000 | PA      | $9228.82      | 0.11%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PECO ENERGY CO                                           | PECO Energy Co.                                                                       | CUSIP: 693304BE6<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |     15000 | PA      | $12345.16     | 0.15%             | 2052-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                              | Federal Home Loan Mortgage Corp.                                                      | CUSIP: 3132DSHB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     83966 | PA      | $77323.10     | 0.92%             | 2048-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust                    | Westlake Automobile Receivables Trust                                                 | CUSIP: 96043CAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15000 | PA      | $15011.35     | 0.18%             | 2029-11-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                       | Meta Platforms, Inc.                                                                  | CUSIP: 30303M8N5<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10188.19     | 0.12%             | 2033-05-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                                  | Howard Midstream Energy Partners LLC                                                  | CUSIP: 442722AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      7000 | PA      | $7299.32      | 0.09%             | 2028-07-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                   | CCO Holdings LLC/CCO Holdings Capital Corp.                                           | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $22877.70     | 0.27%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK                                 | Huntington National Bank                                                              | CUSIP: 44644MAJ0<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10356.83     | 0.12%             | 2030-01-10      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bonds                                                                   | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     84000 | PA      | $78841.88     | 0.94%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FIRST HORIZON BANK                                       | First Horizon Bank                                                                    | CUSIP: 337158AJ8<br>LEI: COOWI3L2W9TPYR3WJX37 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15315.71     | 0.18%             | 2030-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                   | XPLR Infrastructure Operating Partners LP                                             | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5296.27      | 0.06%             | 2033-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                                  | Talen Energy Supply LLC                                                               | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21253.42     | 0.25%             | 2030-06-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| PIONEER NATURAL RESOURCE                                 | Pioneer Natural Resources Co.                                                         | CUSIP: 723787AQ0<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13280.98     | 0.16%             | 2030-08-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| PG&E RECOVERY FND LLC                                    | PG&E Recovery Funding LLC                                                             | CUSIP: 71710TAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9827.49      | 0.12%             | 2047-07-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC              | BBCMS Mortgage Trust                                                                  | CUSIP: 05493YAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000 | PA      | $10332.73     | 0.12%             | 2057-11-15      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                                 | Jefferson Capital Holdings LLC                                                        | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $15649.81     | 0.19%             | 2030-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust                                       | Aqua Finance Trust                                                                    | CUSIP: 038370AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     38794 | PA      | $37574.45     | 0.45%             | 2040-07-16      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140J94Q1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     30444 | PA      | $28028.69     | 0.33%             | 2037-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                 | Capital One Financial Corp.                                                           | CUSIP: 14040HDA0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5336.86      | 0.06%             | 2034-06-08      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                   | CHL Mortgage Pass-Through Trust                                                       | CUSIP: 12669FRW5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14084 | PA      | $13973.71     | 0.17%             | 2034-05-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AGREE LP                                                 | Agree LP                                                                              | CUSIP: 008513AD5<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              |  | US        |      5000 | PA      | $4942.10      | 0.06%             | 2032-10-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY OHIO INC                                     | Duke Energy Ohio, Inc.                                                                | CUSIP: 26442EAH3<br>LEI: L6KC0HABGHNFU1Z6QY21 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13478.07     | 0.16%             | 2030-06-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                           | Morgan Stanley                                                                        | CUSIP: 61747YEC5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9704.67      | 0.12%             | 2027-07-20      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                                    | American Homes 4 Rent LP                                                              | CUSIP: 02666TAK3<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |     10000 | PA      | $10062.95     | 0.12%             | 2030-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                   | Acrisure LLC/Acrisure Finance, Inc.                                                   | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $10330.76     | 0.12%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                                 | CenterPoint Energy Houston Electric LLC                                               | CUSIP: 15189XBB3<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10033.44     | 0.12%             | 2033-04-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140XGKR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     34477 | PA      | $30442.13     | 0.36%             | 2048-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Inflation-Indexed Notes                                                 | CUSIP: 91282CNB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     27264 | PA      | $27462.02     | 0.33%             | 2030-04-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH                                 | Oklahoma Development Finance Authority                                                | CUSIP: 6789084F8<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |      7787 | PA      | $7669.06      | 0.09%             | 2033-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Mid-State Trust                                          | Mid-State Capital Corp. Trust                                                         | CUSIP: 59548PAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25602 | PA      | $25617.11     | 0.30%             | 2040-10-15      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                         | SMB Private Education Loan Trust                                                      | CUSIP: 78449XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6183 | PA      | $5812.09      | 0.07%             | 2053-07-15      | Fixed         | 1.29%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 31417Y3A3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11959 | PA      | $11949.85     | 0.14%             | 2031-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                                          | CLI Funding VI LLC                                                                    | CUSIP: 12563LAS6<br>LEI: 549300NQLBWJD5AREU05 | Long             | ABS-O            | CORP              | US        |      9500 | PA      | $8815.56      | 0.10%             | 2045-10-18      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| PG&E WILDFIRE RECOVERY                                   | PG&E Wildfire Recovery Funding LLC                                                    | CUSIP: 693342AD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $21781.78     | 0.26%             | 2047-12-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Lease Trust                                  | Nissan Auto Lease Trust                                                               | CUSIP: 65479XAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15000 | PA      | $15097.43     | 0.18%             | 2028-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured Securities Trust           | Finance of America Structured Securities Trust                                        | CUSIP: 31739PAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     46064 | PA      | $46198.01     | 0.55%             | 2052-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                                          | DTE Electric Co.                                                                      | CUSIP: 23338VAS5<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10268.41     | 0.12%             | 2033-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                 | RHP Hotel Properties LP/RHP Finance Corp.                                             | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              |  | US        |      6000 | PA      | $6144.47      | 0.07%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC                               | MMAF Equipment Finance LLC                                                            | CUSIP: 55318CAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10000 | PA      | $10098.19     | 0.12%             | 2031-07-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                            | Citigroup, Inc.                                                                       | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24835.11     | 0.29%             | 2025-12-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLECO SECURITIZATION I                                   | Cleco Securitization I LLC                                                            | CUSIP: 185512AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9429.88      | 0.11%             | 2042-09-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                           | Enterprise Fleet Financing LLC                                                        | CUSIP: 29375UAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $25023.03     | 0.30%             | 2028-04-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC              | BBCMS Mortgage Trust                                                                  | CUSIP: 07336WBA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15000 | PA      | $15366.28     | 0.18%             | 2057-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JERSEY NY                    | Port Authority of New York & New Jersey                                               | CUSIP: 73358WXP4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |      5000 | PA      | $4474.22      | 0.05%             | 2045-06-01      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                   | Santander Drive Auto Receivables Trust                                                | CUSIP: 80285VAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8596 | PA      | $8515.00      | 0.10%             | 2027-10-15      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                                                   | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    284000 | PA      | $282225.00    | 3.35%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                    | HUB International Ltd.                                                                | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34776.39     | 0.41%             | 2029-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BELLRING BRANDS INC                                      | BellRing Brands, Inc.                                                                 | CUSIP: 07831CAA1<br>LEI: 549300S3BOK5CMTS8054 | Long             | DBT              | CORP              | US        |      8000 | PA      | $8300.23      | 0.10%             | 2030-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PG&E RECOVERY FND LLC                                    | PG&E Recovery Funding LLC                                                             | CUSIP: 71710TAH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9825.17      | 0.12%             | 2042-06-01      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                            | Citigroup, Inc.                                                                       | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8961.97      | 0.11%             | 2033-01-25      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                                 | Healthcare Realty Holdings LP                                                         | CUSIP: 42225UAK0<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              |  | US        |     25000 | PA      | $24277.30     | 0.29%             | 2028-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                 | Capital One Financial Corp.                                                           | CUSIP: 14040HCF0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24390.88     | 0.29%             | 2026-09-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                                     | FREMF Mortgage Trust                                                                  | CUSIP: 30307TAG8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     20000 | PA      | $19592.71     | 0.23%             | 2050-12-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                                         | HF Sinclair Corp.                                                                     | CUSIP: 403949AR1<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15358.82     | 0.18%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WENDYS FUNDING LLC                                       | Wendy's Funding LLC                                                                   | CUSIP: 95058XAE8<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |      4624 | PA      | $4496.28      | 0.05%             | 2048-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                                                   | CUSIP: 91282CEP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    135000 | PA      | $125006.84    | 1.48%             | 2032-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                                              | Paychex, Inc.                                                                         | CUSIP: 704326AA5<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10213.05     | 0.12%             | 2030-04-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                   | Santander Drive Auto Receivables Trust                                                | CUSIP: 80288JAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $24933.24     | 0.30%             | 2031-09-15      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                            | CoreWeave, Inc.                                                                       | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1990.02      | 0.02%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NRZ Excess Spread Collateralized Notes                   | NRM FHT1 Excess Owner LLC                                                             | CUSIP: 64832EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     46396 | PA      | $46279.83     | 0.55%             | 2032-03-25      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pass-Through Certifica        | FRESB Mortgage Trust                                                                  | CUSIP: 30308AAH6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      7769 | PA      | $7554.28      | 0.09%             | 2027-11-25      | Variable      | 3.16%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                   | Acrisure LLC/Acrisure Finance, Inc.                                                   | CUSIP: 00489LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9754.25      | 0.12%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate Mortgage Trust              | Bear Stearns ARM Trust                                                                | CUSIP: 07384M6H0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6801 | PA      | $6680.64      | 0.08%             | 2035-02-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| OREGON ST                                                | State of Oregon                                                                       | CUSIP: 68609UNU5<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10253.42     | 0.12%             | 2045-05-01      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                              | City of New York                                                                      | CUSIP: 64966HYM6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5207.81      | 0.06%             | 2036-03-01      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                                       | Crown Americas LLC                                                                    | CUSIP: 228180AC9<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6011.56      | 0.07%             | 2033-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC                                 | FHF Issuer Trust                                                                      | CUSIP: 30339EAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     16865 | PA      | $16876.71     | 0.20%             | 2030-11-15      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                        | State Street Corp.                                                                    | CUSIP: 857477CA9<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4974.55      | 0.06%             | 2034-01-26      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 31418CEF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24358 | PA      | $21465.53     | 0.25%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH  | Louisiana Local Government Environmental Facilities & Community Development Authority | CUSIP: 54627RAP5<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |     25000 | PA      | $23750.95     | 0.28%             | 2039-08-01      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust                           | Mercedes-Benz Auto Lease Trust                                                        | CUSIP: 58768YAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10000 | PA      | $10064.08     | 0.12%             | 2029-04-16      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                         | Bank of Montreal                                                                      | CUSIP: 06368BGS1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $9714.16      | 0.12%             | 2032-12-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                             | Barclays PLC                                                                          | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |     15000 | PA      | $15897.63     | 0.19%             | 2029-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC                                            | CME Group, Inc.                                                                       | CUSIP: 12572QAL9<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9998.55      | 0.12%             | 2030-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                     | Bank of America Corp.                                                                 | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10004.56     | 0.12%             | 2035-10-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                               | Navient Private Education Loan Trust                                                  | CUSIP: 63939NAB9<br>LEI: 549300JSCKIU587G1R13 | Long             | ABS-O            | CORP              | US        |      4565 | PA      | $4547.85      | 0.05%             | 2045-12-15      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                   | PNC Financial Services Group, Inc.                                                    | CUSIP: 693475CE3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10103.50     | 0.12%             | 2036-07-21      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured Securities Trust           | Finance of America Structured Securities Trust                                        | CUSIP: 31741AAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     48869 | PA      | $46592.09     | 0.55%             | 2074-11-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bonds                                                                   | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     48000 | PA      | $46012.50     | 0.55%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST STUDENT LOAN CORP EDU REVENUE          | South Carolina Student Loan Corp.                                                     | CUSIP: 83715AAJ8<br>LEI: 549300PIO3ZMSROGFF38 | Long             | DBT              | MUN               | US        |     11013 | PA      | $10943.95     | 0.13%             | 2036-10-27      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                  | Goldman Sachs Group, Inc.                                                             | CUSIP: 38141GB78<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9865.29      | 0.12%             | 2035-10-23      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                                 | FTAI Aviation Investors LLC                                                           | CUSIP: 34960PAE1<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26508.85     | 0.31%             | 2030-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MET WTR RECLAMATION DIST GREATER CHICAGO      | Metropolitan Water Reclamation District of Greater Chicago                            | CUSIP: 167560PL9<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10270.45     | 0.12%             | 2038-12-01      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| UDR INC                                                  | UDR, Inc.                                                                             | CUSIP: 90265EAU4<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |     15000 | PA      | $12008.96     | 0.14%             | 2033-03-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                                                   | CUSIP: 912828Z78<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     28000 | PA      | $26970.78     | 0.32%             | 2027-01-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| JB HUNT TRANSPRT SVCS                                    | JB Hunt Transport Services, Inc.                                                      | CUSIP: 445658CG0<br>LEI: 549300XCD1MPI1C5GK90 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10135.41     | 0.12%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                         | SMB Private Education Loan Trust                                                      | CUSIP: 83189DAB6<br>LEI: 549300NWENTZ8X7JUC78 | Long             | ABS-O            | CORP              | US        |      2206 | PA      | $2182.16      | 0.03%             | 2035-10-15      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| TEACHERS INSUR & ANNUITY                                 | Teachers Insurance & Annuity Association of America                                   | CUSIP: 878091BG1<br>LEI: O06XD7BJ4EPXNABVFN69 | Long             | DBT              | CORP              | US        |     20000 | PA      | $13286.90     | 0.16%             | 2050-05-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN                                   | Cogent Communications Group LLC/Cogent Finance, Inc.                                  | CUSIP: 19240WAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     17000 | PA      | $16659.81     | 0.20%             | 2032-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW USA INFRA HLDS                                 | South Bow USA Infrastructure Holdings LLC                                             | CUSIP: 83007CAC6<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14986.37     | 0.18%             | 2029-10-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| Synchrony Card Issuance Trust                            | Synchrony Card Issuance Trust                                                         | CUSIP: 87166PAP6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30306.38     | 0.36%             | 2031-02-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                      | New Residential Mortgage Loan Trust                                                   | CUSIP: 64828GBB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     69320 | PA      | $66953.95     | 0.79%             | 2059-09-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                   | Venture Global LNG, Inc.                                                              | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      8000 | PA      | $8275.03      | 0.10%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                           | Federal National Mortgage Association-ACES                                            | CUSIP: 3136BGFQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10000 | PA      | $8602.52      | 0.10%             | 2031-07-25      | Variable      | 1.71%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                                          | CLI Funding VIII LLC                                                                  | CUSIP: 12565KAE7<br>LEI: 254900Z4P82YK31RVL27 | Long             | ABS-O            | CORP              | US        |      7115 | PA      | $6478.36      | 0.08%             | 2047-01-18      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE | New York City Municipal Water Finance Authority                                       | CUSIP: 64972FY34<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5053.38      | 0.06%             | 2044-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Triton Container Finance LLC                             | Triton Container Finance VIII LLC                                                     | CUSIP: 89680HAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9475 | PA      | $8636.13      | 0.10%             | 2046-03-20      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| TASEKO MINES LTD                                         | Taseko Mines Ltd.                                                                     | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |     11000 | PA      | $11485.32     | 0.14%             | 2030-05-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GSAMP Trust                                              | GSAMP Trust                                                                           | CUSIP: 36228FYS9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     36083 | PA      | $35409.94     | 0.42%             | 2033-07-25      | Variable      | 4.42%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                  | Goldman Sachs Group, Inc.                                                             | CUSIP: 38141GZK3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9705.25      | 0.12%             | 2028-02-24      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                                      | Invitation Homes Operating Partnership LP                                             | CUSIP: 46188BAD4<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              |  | US        |     10000 | PA      | $9492.09      | 0.11%             | 2032-04-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| PG&E WILDFIRE RECOVERY                                   | PG&E Wildfire Recovery Funding LLC                                                    | CUSIP: 693342AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $21720.99     | 0.26%             | 2051-12-01      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Mid-State Trust                                          | Mid-State Capital Corp. Trust                                                         | CUSIP: 59548PAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     11908 | PA      | $12209.56     | 0.14%             | 2040-10-15      | Fixed         | 8.31%                 | No            |                  2 | On Loan: No      |
| AS MILEAGE PLAN IP LTD                                   | AS Mileage Plan IP Ltd.                                                               | CUSIP: 00218QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     40000 | PA      | $39673.02     | 0.47%             | 2029-10-20      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                 | Benchmark Mortgage Trust                                                              | CUSIP: 08163LAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000 | PA      | $8603.23      | 0.10%             | 2053-12-17      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                           | Hyundai Auto Receivables Trust                                                        | CUSIP: 44935FAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15000 | PA      | $14726.03     | 0.17%             | 2028-06-15      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL WTR & SWR REVENUE                     | County of Miami-Dade Water & Sewer System Revenue                                     | CUSIP: 59334DLS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4047.35      | 0.05%             | 2042-10-01      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                   | Velocity Commercial Capital Loan Trust                                                | CUSIP: 922969AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     96800 | PA      | $96653.38     | 1.15%             | 2055-04-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                                   | Williams Cos., Inc.                                                                   | CUSIP: 969457CR9<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9959.89      | 0.12%             | 2030-06-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY                                           | Ryan Specialty LLC                                                                    | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20053.58     | 0.24%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PATTERN ENERGY OP LP/PAT                                 | Pattern Energy Operations LP/Pattern Energy Operations, Inc.                          | CUSIP: 70339PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $24245.82     | 0.29%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-14

**Name of Applicant:** AMERICAN BEACON FUNDS

**Signature:** Sonia Bates

**Name of Signer:** Sonia Bates

**Title:** Treasurer