# EDGAR Filing Document

**Accession Number:** 0001091439
**File Stem:** 0001752724-25-209765
**Filing Date:** 2025-8
**Character Count:** 96888
**Document Hash:** 54a6535a45b4a3b2b7e5f84693eef617
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-209765.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001752724-25-209765

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALLIANZ VARIABLE INSURANCE PRODUCTS TRUST
- **CENTRAL INDEX KEY:** 0001091439

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09491
- **FILM NUMBER:** 251266231

**BUSINESS ADDRESS:**
- **STREET 1:** 5701 GOLDEN HILLS DRIVE
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55416-1297
- **BUSINESS PHONE:** 763-765-6551

**MAIL ADDRESS:**
- **STREET 1:** 5701 GOLDEN HILLS DRIVE
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55416-1297

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USALLIANZ VARIABLE INSURANCE PRODUCTS TRUST
- **DATE OF NAME CHANGE:** 19990721

## Series and Classes Contracts Data

### AZL T. Rowe Price Capital Appreciation Fund (Series ID: S000009963)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000027546 | AZL T. Rowe Price Capital Appreciation Fund Class 2 |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Allianz Variable Insurance Products Trust

- **b. Investment Company Act file number:** 811-09491

- **c. CIK number of Registrant:** 0001091439

- **d. LEI of Registrant:** 549300446YVO0C3VKW34

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

  - **Street Address 1:** 5701 Golden Hills Drive

  - **City:** Minneapolis

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55416

  - **Telephone number:** 800-624-0197

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

- **a. Name of Series:** AZL T Rowe Price Capital Appreciation Fund

- **b. EDGAR series identifier (if any):** S000009963

- **c. LEI of Series:** 5493009WBBH8JQV6NC73

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1003847513.90

**Total Liabilities:** $7251845.86

**Net Assets:** $996595668.04

**Cash Not Reported:** $1480507.99

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -6.85403263 | **1-Year:** -258.53392396 | **5-Year:** -1023.96066570 | **10-Year:** -536.43379475 | **30-Year:** -3.42357151

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

- **3-Month:** -256.50722681 | **1-Year:** -17967.62722063 | **5-Year:** -22958.35575360 | **10-Year:** -3047.08881080 | **30-Year:** -510.42212979

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000027546 | 0.23%                | 2.78%                | 3.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5332254.78              | $-6591379.40                               |
| Month 2  | $8271247.77              | $17241339.27                               |
| Month 3  | $11199542.96             | $18783841.22                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| HILTON DOMESTIC OPERATING COMPANY INC.                            | HILTON DOMESTIC OPERATING CO INC                 | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   1062000 | PA      | $957127.50    | 0.10%             | 2032-02-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Domino's Pizza Master Issuer LLC                                  | DOMINOS PIZZA MASTER ISSUER LLC                  | CUSIP: 25755TAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    619200 | PA      | $587360.14    | 0.06%             | 2049-10-25      | Fixed         | 3.67%                 | Yes           |                  2 | On Loan: No      |
| Willis Towers Watson Public Limited Company                       | WILLIS TOWERS WATSON PLC                         | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |     22410 | NS      | $6868665.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM, INC.                                                  | AMAZON COM INC                                   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    192199 | NS      | $42166538.61  | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN CASTLE INC.                                                 | CROWN CASTLE INC                                 | CUSIP: 22822VBF7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    522000 | PA      | $526111.79    | 0.05%             | 2029-09-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COMPANIES, INC.                                  | MARSH MCLENNAN COS INC CALL OPTION               | CUSIP: N/A<br>LEI: 549300XMP3KDCKJXIU47       | N/A              | DE               |  | US        |       -32 | NC      | $-8427.96     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LIMITED                                         | HUB INTERNATIONAL LTD                            | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   5227000 | PA      | $5468748.75   | 0.55%             | 2032-01-31      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| AURORA INNOVATION, INC.                                           | AURORA INNOVATION INC                            | CUSIP: 051774107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1967586 | NS      | $10310150.64  | 1.03%             |  |  |  | No            |                  1 | On Loan: —       |
| HOLOGIC, INC.                                                     | HOLOGIC INC                                      | CUSIP: 436440AP6<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | DBT              | CORP              | US        |    574000 | PA      | $546017.50    | 0.05%             | 2029-02-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| EXELON CORPORATION                                                | EXELON CORP                                      | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     22100 | NS      | $959582.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM INC.                                                    | TRANSDIGM INC                                    | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1837000 | PA      | $1894406.25   | 0.19%             | 2032-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| RYAN SPECIALTY, LLC                                               | RYAN SPECIALTY GROUP LLC                         | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    293000 | PA      | $283111.25    | 0.03%             | 2030-02-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| AMPHENOL CORPORATION                                              | AMPHENOL CORP CLASS A                            | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |    150336 | NS      | $14845680.00  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM INC.                                                    | TRANSDIGM INC                                    | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2254000 | PA      | $2301897.50   | 0.23%             | 2029-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| YUM! Brands, Inc.                                                 | YUM BRANDS INC                                   | CUSIP: 988498AR2<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   1492000 | PA      | $1484540.00   | 0.15%             | 2032-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MISTER CAR WASH HOLDINGS, INC.                                    | MISTER CAR WASH HOLDINGS INC                     | CUSIP: 60646CAK3<br>LEI: 549300BARUQU0U2GQE05 | Long             | LON              | CORP              | US        |    500338 | PA      | $500858.55    | 0.05%             | 2031-03-27      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| THE CIGNA GROUP                                                   | CIGNA GROUP THE                                  | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     13200 | NS      | $4363656.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                                       | LOCKHEED MARTIN CORP CALL OPTION                 | CUSIP: N/A<br>LEI: DPRBOZP0K5RM2YE8UU08       | N/A              | DE               |  | US        |       -20 | NC      | $-26972.61    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LIMITED                                         | HUB INTERNATIONAL LTD                            | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   9402000 | PA      | $9825090.00   | 0.99%             | 2030-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                          | U S TREASURY NOTE                                | CUSIP: 91282CNK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4070000 | PA      | $4085262.50   | 0.41%             | 2030-06-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AVANTOR, INC.                                                     | AVANTOR INC                                      | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    107192 | NS      | $1442804.32   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTIVE CORPORATION                                               | FORTIVE CORPORATION                              | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |     70277 | NS      | $3663540.01   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE, INC.                                                  | SALESFORCE INC                                   | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     20019 | NS      | $5458981.11   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CPI HOLDCO B LLC TL                                               | CPI HOLDCO B LLC TL                              | CUSIP: 1261MA9B8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    504000 | PA      | $500220.00    | 0.05%             | 2031-05-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CAPSTONE BORROWER, INC.                                           | CAPSTONE BORROWER INC                            | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |     46000 | PA      | $47955.00     | 0.00%             | 2030-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| LAMAR MEDIA CORP.                                                 | LAMAR MEDIA CORP                                 | CUSIP: 513075BZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $110400.00    | 0.01%             | 2031-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BECTON, DICKINSON AND COMPANY                                     | BECTON DICKINSON AND CO CALL OPTION              | CUSIP: N/A<br>LEI: ICE2EP6D98PQUILVRZ91       | N/A              | DE               |  | US        |       -23 | NC      | $-4.57        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FILTRATION GROUP CORPORATION                                      | FILTRATION GROUP CORP                            | CUSIP: 31732FAV8<br>LEI: 549300ZA0D9WN5ECE978 | Long             | LON              | CORP              | US        |   5794433 | PA      | $5814307.79   | 0.58%             | 2028-12-26      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY, INC.                             | AMERICAN ELECTRIC POWER CO INC                   | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      7800 | NS      | $809328.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico, Inc.                                                     | PEPSICO INC                                      | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     12200 | NS      | $1610888.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ATHENAHEALTH GROUP INC.                                           | ATHENAHEALTH GROUP INC                           | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |   1520190 | PA      | $1517818.49   | 0.15%             | 2029-02-15      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| APPLE INC.                                                        | APPLE INC                                        | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     63359 | NS      | $12999366.03  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ASCEND LEARNING, LLC                                              | ASCEND LEARNING LLC                              | CUSIP: 04349HAN4<br>LEI: 549300T466HKRLVCD610 | Long             | LON              | CORP              | US        |    882000 | PA      | $881453.16    | 0.09%             | 2028-12-11      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| YUM! Brands, Inc.                                                 | YUM BRANDS INC                                   | CUSIP: 988498AD3<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    687000 | PA      | $733372.50    | 0.07%             | 2037-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WORKDAY, INC.                                                     | WORKDAY INC CLASS A                              | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     51981 | NS      | $12475440.00  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTODESK, INC.                                                    | AUTODESK INC                                     | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |     31314 | NS      | $9693874.98   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC.                                                         | VISA INC CLASS A                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     16197 | NS      | $5750744.85   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| VERALTO CORPORATION                                               | VERALTO CORP                                     | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |     43516 | NS      | $4392940.20   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                            | HILTON DOMESTIC OPERATING CO INC                 | CUSIP: 43289DAK9<br>LEI: 5493003EG7H0N1E4XV50 | Long             | LON              | CORP              | US        |   3392852 | PA      | $3402929.01   | 0.34%             | 2030-11-08      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC.                                          | BOOZ ALLEN HAMILTON INC                          | CUSIP: 09951LAB9<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    476000 | PA      | $456622.99    | 0.05%             | 2029-07-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: —       |
| GE HEALTHCARE TECHNOLOGIES INC.                                   | GE HEALTHCARE TECHNOLOGIES CALL OPTION           | CUSIP: N/A<br>LEI: 549300OI9J7XOWZMUN85       | N/A              | DE               |  | US        |       -55 | NC      | $-4572.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MCKESSON CORPORATION                                              | MCKESSON CORP CALL OPTION                        | CUSIP: N/A<br>LEI: 549300WZWOM80UCFSF54       | N/A              | DE               |  | US        |        -9 | NC      | $-85495.49    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC.                                               | INGERSOLL RAND INC                               | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     65339 | NS      | $5434898.02   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| HUB INTERNATIONAL LIMITED                                         | HUB INTERNATIONAL                                | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |  13096546 | PA      | $13132822.94  | 1.32%             | 2030-06-20      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| Domino's Pizza Master Issuer LLC                                  | DOMINO S PIZZA MASTER ISSUER LLC                 | CUSIP: 25755TAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    809340 | PA      | $799315.56    | 0.08%             | 2047-07-25      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| ADMI CORP.                                                        | ADMI CORP                                        | CUSIP: 00709LAH0<br>LEI: 5493008U1LYGMQWO7N12 | Long             | LON              | CORP              | US        |    156428 | PA      | $147758.57    | 0.01%             | 2027-12-23      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| SERVICE CORPORATION INTERNATIONAL                                 | SERVICE CORPORATION INTERNATIONAL                | CUSIP: 817565CD4<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    103000 | PA      | $102098.75    | 0.01%             | 2027-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AON PUBLIC LIMITED COMPANY                                        | AON PLC CALL OPTION                              | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | N/A              | DE               |  | IE        |       -17 | NC      | $-4689.83     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMWINS GROUP, INC.                                                | AMWINS GROUP INC                                 | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |   6602815 | PA      | $6604003.51   | 0.66%             | 2032-01-23      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| USI INC NY                                                        | USI INC NY                                       | CUSIP: 90351NAQ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2698022 | PA      | $2688740.53   | 0.27%             | 2030-09-27      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                            | HILTON DOMESTIC OPERATIN                         | CUSIP: 432833AH4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   2210000 | PA      | $2215525.00   | 0.22%             | 2028-05-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ABBVIE INC.                                                       | ABBVIE INC CALL OPTION                           | CUSIP: N/A<br>LEI: FR5LCKFTG8054YNNRU85       | N/A              | DE               |  | US        |       -67 | NC      | $-65535.58    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Pepsico, Inc.                                                     | PEPSICO INC CALL OPTION                          | CUSIP: N/A<br>LEI: FJSUNZKFNQ5YPJ5OT455       | N/A              | DE               |  | US        |       -55 | NC      | $-9028.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECHNOLOGIES INC.                                   | GE HEALTHCARE TECHNOLOGIES INC                   | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |     11600 | NS      | $859212.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| VULCAN MATERIALS COMPANY                                          | VULCAN MATERIALS CO                              | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     19600 | NS      | $5112072.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH, INC.                                             | CARDINAL HEALTH INC CALL OPTION                  | CUSIP: N/A<br>LEI: CCU46N3GJMF4OK4N7U60       | N/A              | DE               |  | US        |       -82 | NC      | $-272318.23   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| MICROSOFT CORPORATION                                             | MICROSOFT CORP                                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    132680 | NS      | $65996358.80  | 6.62%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM! Brands, Inc.                                                 | YUM BRANDS INC                                   | CUSIP: 988498AK7<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   1513000 | PA      | $1410872.50   | 0.14%             | 2043-11-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| KKR & CO. INC.                                                    | KKR CO INC A                                     | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     11209 | NS      | $1491133.27   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC.                                          | BOOZ ALLEN HAMILTON INC                          | CUSIP: 09951LAC7<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    541000 | PA      | $553155.19    | 0.06%             | 2033-08-04      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORPORATION                                    | SBA COMMUNICATIONS CORP CALL OPTION              | CUSIP: N/A<br>LEI: 5299001HX8ZN8Y8QIT49       | N/A              | DE               |  | US        |       -32 | NC      | $-59427.54    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CME GROUP INC.                                                    | CME GROUP INC                                    | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      5200 | NS      | $1433224.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPSTONE BORROWER, INC.                                           | CAPSTONE BORROWER INC                            | CUSIP: 140944AB5<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |    405000 | PA      | $421200.00    | 0.04%             | 2030-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| STARBUCKS CORPORATION                                             | STARBUCKS CORP CALL OPTION                       | CUSIP: N/A<br>LEI: OQSJ1DU9TAOC51A47K68       | N/A              | DE               |  | US        |       -47 | NC      | $-4047.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WORKDAY, INC.                                                     | WORKDAY INC                                      | CUSIP: 98138HAJ0<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |    476000 | PA      | $447192.96    | 0.04%             | 2032-04-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| ANALOG DEVICES, INC.                                              | ANALOG DEVICES INC                               | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     15700 | NS      | $3736914.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA, INC.                                                     | CENCORA INC                                      | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      5800 | NS      | $1739130.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC.                                                     | NISOURCE INC                                     | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |    386256 | NS      | $15581567.04  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| LGC GROUP TL                                                      | LGC GROUP TL                                     | CUSIP: 5039999D8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3134206 | PA      | $3142041.78   | 0.32%             | 2030-01-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COMPANIES, INC.                                  | MARSH MCLENNAN COS INC                           | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      3200 | NS      | $699648.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY COMPANY                                                | DTE ENERGY CO CALL OPTION                        | CUSIP: N/A<br>LEI: 549300IX8SD6XXD71I78       | N/A              | DE               |  | US        |       -87 | NC      | $-8947.08     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CCO HOLDINGS, LLC                                                 | CCO HLDGS LLC CAP CORP                           | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4850000 | PA      | $4831812.50   | 0.48%             | 2027-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| YUM! Brands, Inc.                                                 | YUM BRANDS INC                                   | CUSIP: 988498AP6<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   1561000 | PA      | $1502462.50   | 0.15%             | 2032-01-31      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FILTRATION GROUP CORPORATION                                      | FILTRATION GROUP CORP                            | CUSIP: 31732FAW6<br>LEI: 549300ZA0D9WN5ECE978 | Long             | LON              | CORP              | US        |   1022238 | PA      | $1020960.18   | 0.10%             | 2028-10-24      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING, INC.                                             | AVANTOR FUNDING INC                              | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    871000 | PA      | $820917.50    | 0.08%             | 2029-11-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                          | U S TREASURY NOTE                                | CUSIP: 91282CMU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  24633000 | PA      | $24863934.38  | 2.49%             | 2030-03-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ABBOTT LABORATORIES                                               | ABBOTT LABORATORIES                              | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     76945 | NS      | $10465289.45  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ELLUCIAN HOLDINGS INC.                                            | ELLUCIAN HOLDINGS INC                            | CUSIP: 28917XAB6<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |   1738642 | PA      | $1741911.15   | 0.17%             | 2029-10-29      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                                       | LOCKHEED MARTIN CORP                             | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      3310 | NS      | $1532993.40   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES L.P.                                              | VICI PROPERTIES LP                               | CUSIP: 925650AF0<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    551000 | PA      | $562873.50    | 0.06%             | 2034-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| YUM! Brands, Inc.                                                 | YUM BRANDS INC                                   | CUSIP: 988498AL5<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   1021000 | PA      | $1006961.25   | 0.10%             | 2030-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| HILTON WORLDWIDE HOLDINGS INC.                                    | HILTON WORLDWIDE HOLDINGS INC                    | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     22277 | NS      | $5933256.18   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico, Inc.                                                     | PEPSICO INC CALL OPTION                          | CUSIP: N/A<br>LEI: FJSUNZKFNQ5YPJ5OT455       | N/A              | DE               |  | US        |       -67 | NC      | $-8078.24     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ELI LILLY AND COMPANY                                             | ELI LILLY CO                                     | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      9104 | NS      | $7096841.12   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC INC.                                                          | PTC INC                                          | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |    129112 | NS      | $22251162.08  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE MANAGEMENT, INC.                                            | WASTE MANAGEMENT INC CALL OPTION                 | CUSIP: N/A<br>LEI: 549300YX8JIID70NFS41       | N/A              | DE               |  | US        |       -16 | NC      | $-8448.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY CORPORATION                                        | ALLIANT ENERGY CORP CALL OPTION                  | CUSIP: N/A<br>LEI: 5493009ML300G373MZ12       | N/A              | DE               |  | US        |       -53 | NC      | $-113.47      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRANSDIGM INC.                                                    | TRANSDIGM INC TL                                 | CUSIP: 89364MCC6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   1685724 | PA      | $1691134.76   | 0.17%             | 2028-08-24      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| INTUIT INC.                                                       | INTUIT INC                                       | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     13416 | NS      | $10566844.08  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| IRB HOLDING CORP.                                                 | IRB HOLDING CORP                                 | CUSIP: 44988LAL1<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |   2024507 | PA      | $2023798.75   | 0.20%             | 2027-12-15      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                            | HILTON DOMESTIC OPERATIN                         | CUSIP: 432833AP6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    829000 | PA      | $846616.25    | 0.08%             | 2029-04-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| BALL CORPORATION                                                  | BALL CORP                                        | CUSIP: 058498AZ9<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    625000 | PA      | $640625.00    | 0.06%             | 2029-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REVVITY, INC.                                                     | REVVITY INC                                      | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |    220853 | NS      | $21360902.16  | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM! Brands, Inc.                                                 | YUM BRANDS INC CALL OPTION                       | CUSIP: N/A<br>LEI: 549300JE8XHZZ7OHN517       | N/A              | DE               |  | US        |       -39 | NC      | $-45594.47    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.                                         | CBOE GLOBAL MARKETS INC                          | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      1600 | NS      | $373136.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT ENERGY CORPORATION                                        | ALLIANT ENERGY CORP                              | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |      5300 | NS      | $320491.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED MICRO DEVICES, INC.                                      | ADVANCED MICRO DEVICES INC                       | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |    123101 | NS      | $17468031.90  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA COMMUNICATIONS CORPORATION                                    | SBA COMMUNICATIONS CORP                          | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |   2032000 | PA      | $1920240.00   | 0.19%             | 2029-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: —       |
| SURGERY CENTER HOLDINGS, INC.                                     | SURGERY CENTER HOLDINGS                          | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |    466000 | PA      | $473572.50    | 0.05%             | 2032-04-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| BECTON, DICKINSON AND COMPANY                                     | BECTON DICKINSON CO                              | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |    155584 | NS      | $26799344.00  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORPORATION                                               | DANAHER CORP                                     | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     64669 | NS      | $12774714.26  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADSTREET PARTNERS, INC.                                        | BROADSTREET PARTNERS INC                         | CUSIP: 11132VAY5<br>LEI: 549300BS9N54G8DD0R75 | Long             | LON              | CORP              | US        |   5630191 | PA      | $5635708.25   | 0.57%             | 2031-06-16      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| CYTOKINETICS, INCORPORATED                                        | CYTOKINETICS INC                                 | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |     37919 | NS      | $1252843.76   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ANSYS, INC.                                                       | ANSYS INC                                        | CUSIP: 03662Q105<br>LEI: 549300VJV8H15Z5FJ571 | Long             | EC               | CORP              | US        |       547 | NS      | $192117.34    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Treasury Securities Cash Management; Institutional Shares | DREYFUS TREASURY SECURITIES CASH MANAGEMENT      | CUSIP: 261941108<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  81933056 | NS      | $81933056.25  | 8.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Time, Inc.                                                   | LIFE TIME INC                                    | CUSIP: 53190FAE5<br>LEI: 549300PALKE96VYH4X17 | Long             | DBT              | CORP              | US        |    229000 | PA      | $231862.50    | 0.02%             | 2031-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| AON PUBLIC LIMITED COMPANY                                        | AON PLC                                          | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |      3100 | NS      | $1105956.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                                     | ALPHABET INC CLASS A                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     83140 | NS      | $14651762.20  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANS UNION LLC                                                   | TRANS UNION LLC                                  | CUSIP: 89334GAX2<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |    151288 | PA      | $151351.28    | 0.02%             | 2026-11-15      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INCORPORATED.                                          | MATERCARD INC CLASS A                            | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      7158 | NS      | $4022366.52   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INCORPORATED.                                          | MASTERCARD INC CALL OPTION                       | CUSIP: N/A<br>LEI: AR5L2ODV9HN37376R084       | N/A              | DE               |  | US        |       -11 | NC      | $-19044.63    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                                       | LOCKHEED MARTIN CORP CALL OPTION                 | CUSIP: N/A<br>LEI: DPRBOZP0K5RM2YE8UU08       | N/A              | DE               |  | US        |       -13 | NC      | $-24954.70    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                            | HILTON WORLDWIDE FIN LLC                         | CUSIP: 432891AK5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    719000 | PA      | $718101.25    | 0.07%             | 2027-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING, INC.                                             | AVANTOR FUNDING INC                              | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |   2360000 | PA      | $2312800.00   | 0.23%             | 2028-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| VISA INC.                                                         | VISA INC CALL OPTION                             | CUSIP: N/A<br>LEI: 549300JZ4OKEHW3DPJ59       | N/A              | DE               |  | US        |       -36 | NC      | $-43571.15    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORPORATION                                        | AMERICAN TOWER CORP REIT                         | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      5500 | NS      | $1215610.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| HUB INTERNATIONAL LIMITED                                         | HUB INTERNATIONAL LTD                            | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   1063000 | PA      | $1059013.75   | 0.11%             | 2029-12-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| DUKE ENERGY CORPORATION                                           | DUKE ENERGY CORP CALL OPTION                     | CUSIP: N/A<br>LEI: I1BZKREC126H0VB1BL91       | N/A              | DE               |  | US        |       -44 | NC      | $-24312.30    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                                          | U S TREASURY NOTE                                | CUSIP: 91282CMZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33048000 | PA      | $33182257.50  | 3.33%             | 2030-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                                                    | CME GROUP INC CALL OPTION                        | CUSIP: N/A<br>LEI: LCZ7XYGSLJUHFXXNXD88       | N/A              | DE               |  | US        |       -22 | NC      | $-78462.73    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| KORN FERRY                                                        | KORN FERRY INTERNATIONAL                         | CUSIP: 50067PAA7<br>LEI: 549300FOD20OM0GT5G40 | Long             | DBT              | CORP              | US        |    397000 | PA      | $388067.50    | 0.04%             | 2027-12-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| CPI HOLDCO B, LLC                                                 | CPI HOLDCO B LLC                                 | CUSIP: 1261MAAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2064000 | PA      | $2061420.00   | 0.21%             | 2031-05-19      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY, INC.                             | AMERICAN ELECTRIC POWER CO INC CALL OPTION       | CUSIP: N/A<br>LEI: 1B4S6S7G0TW5EE83BO58       | N/A              | DE               |  | US        |       -45 | NC      | $-14215.96    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORPORATION                                    | SBA COMMUNICATIONS CORP                          | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |      3200 | NS      | $751488.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson Public Limited Company                       | WILLIS TOWERS WATSON PLC CALL OPTION             | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | N/A              | DE               |  | IE        |       -20 | NC      | $-17.98       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA CORPORATION                                                | NVIDIA CORP                                      | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    223491 | NS      | $35309343.09  | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.                                         | CBOE GLOBAL MARKETS INC CALL OPTION              | CUSIP: N/A<br>LEI: 529900RLNSGA90UPEH54       | N/A              | DE               |  | US        |       -16 | NC      | $-30960.72    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VARSITY BRANDS INC                                                | VARSITY BRANDS INC                               | CUSIP: 92227QAF3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2948000 | PA      | $2945228.88   | 0.30%             | 2031-08-26      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC.                                                    | TRANSDIGM INC                                    | CUSIP: 89364MCB8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   2656329 | PA      | $2665201.20   | 0.27%             | 2030-03-22      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC.                                             | WEC ENERGY GROUP INC CALL OPTION                 | CUSIP: N/A<br>LEI: 549300IGLYTZUK3PVP70       | N/A              | DE               |  | US        |       -28 | NC      | $-4105.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| APPLIED SYSTEMS, INC.                                             | APPLIED SYSTEM INC                               | CUSIP: 03827FBD2<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |  10987972 | PA      | $11029176.58  | 1.11%             | 2031-02-24      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                            | HILTON DOMESTIC OPERATING CO INC                 | CUSIP: 432833AF8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   1595000 | PA      | $1583037.50   | 0.16%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP.                                                 | LAMAR MEDIA CORP                                 | CUSIP: 513075BW0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    124000 | PA      | $122450.00    | 0.01%             | 2029-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC.                                             | KEURIG DR PEPPER INC                             | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     27600 | NS      | $912456.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEDYNE TECHNOLOGIES INCORPORATED                                | TELEDYNE TECHNOLOGIES INC                        | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      3019 | NS      | $1546663.89   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC.                                                       | ABBVIE INC                                       | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     12700 | NS      | $2357374.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM INC.                                                    | TRANSDIGM INC                                    | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    655000 | PA      | $641081.25    | 0.06%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECHNOLOGIES, INC.                                       | L3HARRIS TECHNOLOGIES INC                        | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      1600 | NS      | $401344.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| RYAN SPECIALTY, LLC                                               | RYAN SPECIALTY                                   | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    841000 | PA      | $847307.50    | 0.09%             | 2032-08-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| AZALEA TOPCO, INC.                                                | AZALEA TOPCO INC                                 | CUSIP: 05477JAD3<br>LEI: 549300HC42NZULO53062 | Long             | LON              | CORP              | US        |   2077302 | PA      | $2079899.13   | 0.21%             | 2031-04-30      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| SERVICE CORPORATION INTERNATIONAL                                 | SERVICE CORP INTERNATIONAL US                    | CUSIP: 817565CF9<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    605000 | PA      | $555087.50    | 0.06%             | 2030-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BioNTech SE                                                       | BIONTECH SE ADR                                  | CUSIP: 09075V102<br>LEI: 894500UZJ5LG1F8J1U58 | Long             |  | CORP              | DE        |     14138 | NS      | $1505272.86   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC ENERGY GROUP INC.                                             | WEC ENERGY GROUP INC CALL OPTION                 | CUSIP: N/A<br>LEI: 549300IGLYTZUK3PVP70       | N/A              | DE               |  | US        |       -44 | NC      | $-11904.92    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ABBOTT LABORATORIES                                               | ABBOTT LABORATORIES CALL OPTION                  | CUSIP: N/A<br>LEI: HQD377W2YR662HK5JX27       | N/A              | DE               |  | US        |      -100 | NC      | $-133712.59   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| STARBUCKS CORPORATION                                             | STARBUCKS CORPORATION                            | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |    101437 | NS      | $9294672.31   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                            | HILTON DOMESTIC OPERATIN                         | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   1710000 | PA      | $1607400.00   | 0.16%             | 2031-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LIMITED                                | CANADIAN NATURAL RESOURCES                       | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    457007 | NS      | $14350019.80  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY COMPANY                                                | DTE ENERGY CO                                    | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     34600 | NS      | $4583116.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| L3HARRIS TECHNOLOGIES, INC.                                       | L3HARRIS TECHNOLOGIES INC CALL OPTION            | CUSIP: N/A<br>LEI: 549300UTE50ZMDBG8A20       | N/A              | DE               |  | US        |       -16 | NC      | $-48840.78    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING, INC.                                             | AVANTOR FUNDING INC                              | CUSIP: 05350NAP9<br>LEI: 5493003VM0XB4U8YD238 | Long             | LON              | CORP              | US        |     17049 | PA      | $17106.10     | 0.00%             | 2027-11-08      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                                   | INTERCONTINENTAL EXCHANGE INC                    | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      6138 | NS      | $1126138.86   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORPORATION                                                | EXELON CORP CALL OPTION                          | CUSIP: N/A<br>LEI: 3SOUA6IRML7435B56G12       | N/A              | DE               |  | US        |      -166 | NC      | $-31595.98    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ASSUREDPARTNERS, INC.                                             | ASSUREDPARTNERS INC                              | CUSIP: 04624VAC3<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |    313000 | PA      | $334910.00    | 0.03%             | 2032-02-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| AON PUBLIC LIMITED COMPANY                                        | AON PLC CALL OPTION                              | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | N/A              | DE               |  | IE        |       -14 | NC      | $-14418.20    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| IQVIA INC.                                                        | IQVIA INC                                        | CUSIP: 46266TAD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    574000 | PA      | $588350.00    | 0.06%             | 2030-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ICON PARENT INC                                                   | ICON PARENT INC                                  | CUSIP: 45115MAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    980400 | PA      | $987753.00    | 0.10%             | 2032-09-13      | Floating      | 9.21%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS, INC.                                              | META PLATFORMS INC                               | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     24820 | NS      | $18319393.80  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC.                                                    | CME GROUP INC CALL OPTION                        | CUSIP: N/A<br>LEI: LCZ7XYGSLJUHFXXNXD88       | N/A              | DE               |  | US        |       -30 | NC      | $-65556.48    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CMS ENERGY CORPORATION                                            | CMS ENERGY CORP PFD                              | CUSIP: 125896852<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EP               | CORP              | US        |     11011 | NS      | $242572.33    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED SYSTEMS, INC.                                             | APPLIED SYSTEM INC                               | CUSIP: 03827FBC4<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |   1647146 | PA      | $1685442.14   | 0.17%             | 2032-02-09      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corporation                                      | NORTHROP GRUMMAN CORP                            | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      3500 | NS      | $1749930.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORPORATION                               | CEDAR FAIR LP                                    | CUSIP: 150190AE6<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    567000 | PA      | $553533.75    | 0.06%             | 2029-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| USI, INC.                                                         | USI INC NY                                       | CUSIP: 90346KAB5<br>LEI: 2549006D7UF7072T7I27 | Long             | DBT              | CORP              | US        |   2135000 | PA      | $2247087.50   | 0.23%             | 2032-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                    | MORGAN STANLEY                                   | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     12087 | NS      | $1702574.82   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORPORATION                                              | MCKESSON CORP CALL OPTION                        | CUSIP: N/A<br>LEI: 549300WZWOM80UCFSF54       | N/A              | DE               |  | US        |        -8 | NC      | $-87640.74    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORPORATION                               | CEDAR FAIR CAN MAGNUM MI                         | CUSIP: 150190AB2<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |   1064000 | PA      | $1058680.00   | 0.11%             | 2027-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC.                                            | ELLUCIAN HOLDINGS INC                            | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |    578000 | PA      | $589560.00    | 0.06%             | 2029-12-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CENTERPOINT ENERGY, INC.                                          | CENTERPOINT ENERGY INC CALL OPTION               | CUSIP: N/A<br>LEI: 21TPXMRRHFKOBHDC8J74       | N/A              | DE               |  | US        |      -263 | NC      | $-86189.86    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORPORATION                                           | DUKE ENERGY CORP                                 | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      4500 | NS      | $531000.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK LIQUIDITY FUNDS FEDFUND PORTFOLIO                       | BLACKROCK LIQUIDITY FEDFUND INSTITUTIONAL SHARES | CUSIP: 09248U700<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3324235 | NS      | $3324235.22   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                                          | U S TREASURY NOTE                                | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  36127000 | PA      | $36479802.55  | 3.66%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INSTRUCTURE TL B 1L BANKDEBT                                      | INSTRUCTURE TL B 1L BANKDEBT                     | CUSIP: 45115DAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2186300 | PA      | $2188092.77   | 0.22%             | 2031-09-11      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| BIOGEN INC.                                                       | BIOGEN INC                                       | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |      3075 | NS      | $386189.25    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORPORATION                                        | AMERICAN TOWER CORP CALL OPTION                  | CUSIP: N/A<br>LEI: 5493006ORUSIL88JOE18       | N/A              | DE               |  | US        |       -55 | NC      | $-124175.02   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH, INC.                                             | CARDINAL HEALTH INC                              | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      8266 | NS      | $1388688.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORPORATION                                                | EXELON CORP CALL OPTION                          | CUSIP: N/A<br>LEI: 3SOUA6IRML7435B56G12       | N/A              | DE               |  | US        |       -55 | NC      | $-6395.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                                          | U S TREASURY NOTE                                | CUSIP: 91282CGQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  42485000 | PA      | $42906530.65  | 4.31%             | 2030-02-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ABBOTT LABORATORIES                                               | ABBOTT LABORATORIES CALL OPTION                  | CUSIP: N/A<br>LEI: HQD377W2YR662HK5JX27       | N/A              | DE               |  | US        |       -49 | NC      | $-27339.35    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SBA SENIOR FINANCE II LLC                                         | SBA SENIOR FINANCE II LLC                        | CUSIP: 78404XAJ4<br>LEI: 549300PVT2ADFWMYEW87 | Long             | LON              | CORP              | US        |   2204487 | PA      | $2206426.67   | 0.22%             | 2031-01-27      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| INFORMATICA LLC                                                   | INFORMATICA LLC                                  | CUSIP: 45673YAL0<br>LEI: 5493007SV33RZV7RPS40 | Long             | LON              | CORP              | US        |    910106 | PA      | $913236.82    | 0.09%             | 2028-10-30      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC.                                             | KEURIG DR PEPPER INC CALL OPTION                 | CUSIP: N/A<br>LEI: DYTQ8KRTKO7Y2BVU5K74       | N/A              | DE               |  | US        |      -276 | NC      | $-36132.93    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HOLOGIC, INC.                                                     | HOLOGIC INC                                      | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |     47120 | NS      | $3070339.20   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTERPOINT ENERGY, INC.                                          | CENTERPOINT ENERGY INC                           | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |    451610 | NS      | $16592151.40  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWDSTRIKE HOLDINGS, INC.                                        | CROWDSTRIKE HOLDINGS INC                         | CUSIP: 22788CAA3<br>LEI: 549300YBY08K9KM4HX32 | Long             | DBT              | CORP              | US        |     60000 | PA      | $56550.00     | 0.01%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC.                                             | WEC ENERGY GROUP                                 | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      7200 | NS      | $750240.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA INC.                                                        | IQVIA INC                                        | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    905000 | PA      | $899343.75    | 0.09%             | 2027-05-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| ADMI CORP.                                                        | ADMI CORP                                        | CUSIP: 00709LAJ6<br>LEI: 5493008U1LYGMQWO7N12 | Long             | LON              | CORP              | US        |    532206 | PA      | $506261.43    | 0.05%             | 2027-12-23      | Floating      | 8.19%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                                 | JOHNSON JOHNSON CALL OPTION                      | CUSIP: N/A<br>LEI: 549300G0CFPGEF6X2043       | N/A              | DE               |  | US        |       -67 | NC      | $-15180.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                   | SBA TOWER TRUST                                  | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     63000 | PA      | $64873.62     | 0.01%             | 2028-01-15      | Fixed         | 6.60%                 | Yes           |                  2 | On Loan: No      |
| MARINER WEALTH ADVISORS, LLC                                      | MARINER WEALTH ADVISORS LLC                      | CUSIP: 56846TAD8<br>LEI: 549300XJJOOU336E5R24 | Long             | LON              | CORP              | US        |    642627 | PA      | $643964.16    | 0.06%             | 2028-08-18      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                                 | JOHNSON JOHNSON                                  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      6700 | NS      | $1023425.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS, INC.                                     | ALNYLAM PHARMACEUTICALS INC                      | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |      8767 | NS      | $2858831.03   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                                   | INTERCONTINENTAL EXCHANGE INC CALL OPTION        | CUSIP: N/A<br>LEI: 5493000F4ZO33MV32P92       | N/A              | DE               |  | US        |       -28 | NC      | $-32237.64    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED                                   | UNITEDHEALTH GROUP INC                           | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     20946 | NS      | $6534523.62   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| FERGUSON ENTERPRISES INC.                                         | FERGUSON ENTERPRISES INC                         | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |     25593 | NS      | $5572875.75   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM INC.                                                    | TRANSDIGM INC                                    | CUSIP: 893647BT3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1455000 | PA      | $1520475.00   | 0.15%             | 2031-12-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| WASTE MANAGEMENT, INC.                                            | WASTE MANAGEMENT INC CALL OPTION                 | CUSIP: N/A<br>LEI: 549300YX8JIID70NFS41       | N/A              | DE               |  | US        |       -55 | NC      | $-76618.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CCC INTELLIGENT SOLUTIONS INC.                                    | CCC INTELLIGENT SOLUTIONS INC                    | CUSIP: 12511BAC6<br>LEI: 5493006JEEL9RIWY5T17 | Long             | LON              | CORP              | US        |    910771 | PA      | $910662.17    | 0.09%             | 2028-09-21      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| RTX CORPORATION                                                   | RTX CORP                                         | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     40236 | NS      | $5875260.72   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MARINER LLC TL                                                    | MARINER LLC TL                                   | CUSIP: 56846T9C2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    845000 | PA      | $842887.50    | 0.08%             | 2030-12-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RTX CORPORATION                                                   | RTX CORP CALL OPTION                             | CUSIP: N/A<br>LEI: I07WOS4YJ0N7YRFE7309       | N/A              | DE               |  | US        |       -82 | NC      | $-118660.58   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CCO HOLDINGS, LLC                                                 | CCO HOLDINGS LLC CAPITAL CORPORATION             | CUSIP: 1248EPBR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    439000 | PA      | $438451.25    | 0.04%             | 2026-05-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| AMWINS GROUP, INC.                                                | AMWINS GROUP INC                                 | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    681000 | PA      | $693768.75    | 0.07%             | 2029-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ASCENDIS PHARMA A/S                                               | ASCENDIS PHARMA A S                              | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             |  | CORP              | DK        |      4682 | NS      | $808113.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| USI INC NY                                                        | USI INC NY                                       | CUSIP: 90351NAR6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2641168 | PA      | $2635806.06   | 0.26%             | 2029-11-23      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| EPICOR SOFTWARE CORPORATION                                       | EPICOR SOFTWARE CORP                             | CUSIP: 29426NAZ7<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |   2298834 | PA      | $2303454.69   | 0.23%             | 2031-05-30      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corporation                                      | NORTHROP GRUMMAN CORP CALL OPTION                | CUSIP: N/A<br>LEI: RIMU48P07456QXSO0R61       | N/A              | DE               |  | US        |       -13 | NC      | $-32848.23    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| YUM! Brands, Inc.                                                 | YUM BRANDS INC                                   | CUSIP: 988498AN1<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1108600.00   | 0.11%             | 2031-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UKG INC.                                                          | UKG INC                                          | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |   3148466 | PA      | $3159549.09   | 0.32%             | 2031-01-31      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS, INC.                                    | WYNDHAM HOTELS RESORTS INC                       | CUSIP: 98310CAF9<br>LEI: 549300FE3MQ4RVXXC673 | Long             | LON              | CORP              | US        |    583180 | PA      | $585156.50    | 0.06%             | 2030-05-28      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| KFC HOLDING CO.                                                   | KFC HLD PIZZA HUT TACO BELL                      | CUSIP: 48250NAC9<br>LEI: 549300G2LG4YUB3MM115 | Long             | DBT              | CORP              | US        |   1883000 | PA      | $1873585.00   | 0.19%             | 2027-06-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORPORATION                                    | SBA COMMUNICATIONS CORP                          | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |   1703000 | PA      | $1677455.00   | 0.17%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC.                                                       | ABBVIE INC CALL OPTION                           | CUSIP: N/A<br>LEI: FR5LCKFTG8054YNNRU85       | N/A              | DE               |  | US        |       -60 | NC      | $-29617.91    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DANAHER CORPORATION                                               | DANAHER CORP CALL OPTION                         | CUSIP: N/A<br>LEI: S4BKK9OTCEWQ3YHPFM11       | N/A              | DE               |  | US        |       -61 | NC      | $-220.19      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP.                                                 | LAMAR MEDIA CORP                                 | CUSIP: 513075BR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    754000 | PA      | $728552.50    | 0.07%             | 2028-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY, INC.                             | AMERICAN ELECTRIC POWER CO INC CALL OPTION       | CUSIP: N/A<br>LEI: 1B4S6S7G0TW5EE83BO58       | N/A              | DE               |  | US        |       -33 | NC      | $-6288.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                            | HILTON DOMESTIC OPERATING CO INC                 | CUSIP: 432833AJ0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   1762000 | PA      | $1684912.50   | 0.17%             | 2029-05-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| VISA INC.                                                         | VISA INC CALL OPTION                             | CUSIP: N/A<br>LEI: 549300JZ4OKEHW3DPJ59       | N/A              | DE               |  | US        |       -34 | NC      | $-85310.01    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Ralliant Corp                                                     | RALLIANT CORP                                    | CUSIP: 750940108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23426 | NS      | $1135910.58   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SIX FLAGS THEME PARKS INC.                                        | SIX FLAGS THEME PARKS                            | CUSIP: 83001WAC8<br>LEI: 5493003MX0ZXTM8EVY68 | Long             | DBT              | CORP              | US        |    403000 | PA      | $403000.00    | 0.04%             | 2025-07-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORPORATION                               | CEDAR FAIR LP CANADA S WONDERLAND CO MAGNUM      | CUSIP: 150190AK2<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |   1084000 | PA      | $1097550.00   | 0.11%             | 2028-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PTC INC.                                                          | PTC INC                                          | CUSIP: 69370CAC4<br>LEI: 54930050SSMU8SKDJ030 | Long             | DBT              | CORP              | US        |    679000 | PA      | $658630.00    | 0.07%             | 2028-02-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| STORABLE, INC.                                                    | STORABLE                                         | CUSIP: 86210LAD0<br>LEI: 2549000AWFN27KOH3F59 | Long             | LON              | CORP              | US        |   1453984 | PA      | $1451264.81   | 0.15%             | 2031-04-16      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES, INC.                                          | ROPER TECHNOLOGIES INC                           | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |     46773 | NS      | $26512807.32  | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                                   | INTERCONTINENTAL EXCHANGE INC CALL OPTION        | CUSIP: N/A<br>LEI: 5493000F4ZO33MV32P92       | N/A              | DE               |  | US        |       -33 | NC      | $-83842.63    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Northrop Grumman Corporation                                      | NORTHROP GRUMMAN CORP CALL OPTION                | CUSIP: N/A<br>LEI: RIMU48P07456QXSO0R61       | N/A              | DE               |  | US        |       -22 | NC      | $-33899.31    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CENCORA, INC.                                                     | CENCORA INC CALL OPTION                          | CUSIP: N/A<br>LEI: AI8GXW8LG5WK7E9UD086       | N/A              | DE               |  | US        |       -25 | NC      | $-105475.27   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| AMEREN CORPORATION                                                | AMEREN CORP                                      | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |    134253 | NS      | $12893658.12  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORPORATION                                              | MCKESSON CORP                                    | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     16823 | NS      | $12327557.94  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Seasons Holdings Inc.                                        | FOUR SEASONS HOTELS LTD                          | CUSIP: 35100DAV8<br>LEI: 549300KN76IMZYPMJC43 | Long             | LON              | CORP              | CA        |    149540 | PA      | $150287.73    | 0.02%             | 2029-11-30      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECHNOLOGIES INC.                                   | GE HEALTHCARE TECHNOLOGIE CALL OPTION            | CUSIP: N/A<br>LEI: 549300OI9J7XOWZMUN85       | N/A              | DE               |  | US        |       -61 | NC      | $-6368.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT, INC.                                            | WASTE MANAGEMENT INC                             | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      7100 | NS      | $1624622.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INCORPORATED.                                          | MASTERCARD INC CALL OPTION                       | CUSIP: N/A<br>LEI: AR5L2ODV9HN37376R084       | N/A              | DE               |  | US        |       -23 | NC      | $-77239.87    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CENCORA, INC.                                                     | CENCORA INC CALL OPTION                          | CUSIP: N/A<br>LEI: AI8GXW8LG5WK7E9UD086       | N/A              | DE               |  | US        |       -33 | NC      | $-164618.62   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| VAIL RESORTS, INC.                                                | VAIL RESORTS INC                                 | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    724000 | PA      | $746625.00    | 0.07%             | 2032-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| FAIR ISAAC CORPORATION                                            | FAIR ISAAC CORP                                  | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    400000 | PA      | $403500.00    | 0.04%             | 2033-05-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ASML Holding N.V.                                                 | ASML HOLDING N V                                 | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             |  | CORP              | NL        |      2854 | NS      | $2287167.06   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM! Brands, Inc.                                                 | YUM BRANDS INC CALL OPTION                       | CUSIP: N/A<br>LEI: 549300JE8XHZZ7OHN517       | N/A              | DE               |  | US        |       -50 | NC      | $-22860.33    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| QUARTZ ACQUIRECO, LLC                                             | QUALTRICS                                        | CUSIP: 74773KAE5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    676785 | PA      | $678476.96    | 0.07%             | 2030-06-28      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| YUM! Brands, Inc.                                                 | YUM BRANDS INC                                   | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |     41892 | NS      | $6207556.56   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORPORATION                               | SIX FLAGS ENTERTAINMENT                          | CUSIP: 83001AAC6<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |   1443000 | PA      | $1439392.50   | 0.14%             | 2027-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SERVICE CORPORATION INTERNATIONAL                                 | SERVICE CORP INTL                                | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    580000 | PA      | $584350.00    | 0.06%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS, INC.                                        | BROADSTREET PARTNERS INC                         | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |   1614000 | PA      | $1591807.50   | 0.16%             | 2029-04-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Allianz Variable Insurance Products Trust

**Signature:** Monique Labbe

**Name of Signer:** Monique Labbe

**Title:** Treasurer - Principal Financial Officer