# EDGAR Filing Document

**Accession Number:** 0000778207
**File Stem:** 0001410368-25-027191
**Filing Date:** 2025-11
**Character Count:** 293516
**Document Hash:** f68ab8fd6a3fa5851b631c2d5e245610
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-027191.hdr.sgml**: 20251120

**ACCESSION NUMBER**: 0001410368-25-027191

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251120

**DATE AS OF CHANGE**: 20251120

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRANSAMERICA SERIES TRUST
- **CENTRAL INDEX KEY:** 0000778207

**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:** 811-04419
- **FILM NUMBER:** 251501213

**BUSINESS ADDRESS:**
- **STREET 1:** 1801 CALIFORNIA STREET
- **STREET 2:** SUITE 5200
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 720-482-8836

**MAIL ADDRESS:**
- **STREET 1:** 1801 CALIFORNIA STREET
- **STREET 2:** SUITE 5200
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AEGON/TRANSAMERICA SERIES TRUST
- **DATE OF NAME CHANGE:** 20050511

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AEGON/TRANSAMERICA SERIES FUND INC
- **DATE OF NAME CHANGE:** 20010501

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WRL SERIES FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Transamerica Aegon Bond VP (Series ID: S000007911)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000021467 | Initial      |  |
| C000021468 | Service      |  |

## Nport-Ex

**Transamerica Aegon Bond VP**

------

**SCHEDULE OF INVESTMENTS**

**At September 30, 2025**

**(unaudited)**

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

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES - 43.7%**  | **CORPORATE DEBT SECURITIES - 43.7%**  | **CORPORATE DEBT SECURITIES - 43.7%**  |
| **Aerospace & Defense - 1.2%**  | **Aerospace & Defense - 1.2%**  | **Aerospace & Defense - 1.2%**  |
| Boeing Co. |  |  |
| 5.81%, 05/01/2050 | $1881000 | $1879239 |
| 5.93%, 05/01/2060 | 2540000 | 2537448 |
| 6.53%, 05/01/2034 | 1852000 | 2047323 |
| 6.86%, 05/01/2054 | 1734000 | 1977979 |
| Embraer Netherlands Finance BV |  |  |
| 7.00%, 07/28/2030 <sup>(A)</sup> <br>| 2524000 | 2761647 |
| General Electric Co. |  |  |
| 4.30%, 07/29/2030 | 2099000 | 2111469 |
| 4.50%, 03/11/2044 | 3758000 | 3437135 |
| 5.88%, 01/14/2038 | 589000 | 640396 |
| HEICO Corp. |  |  |
| 5.35%, 08/01/2033 | 3299000 | 3422417 |
|  |  | 20815053 |
| **Automobile Components - 0.2%**  | **Automobile Components - 0.2%**  | **Automobile Components - 0.2%**  |
| Aptiv Swiss Holdings Ltd. |  |  |
| 3.25%, 03/01/2032 | 1682000 | 1547078 |
| ZF North America Capital, Inc. |  |  |
| 6.88%, 04/23/2032 <sup>(A)</sup> <br>| 2374000 | 2272884 |
|  |  | 3819962 |
| **Automobiles - 0.7%**  | **Automobiles - 0.7%**  | **Automobiles - 0.7%**  |
| Ford Motor Credit Co. LLC |  |  |
| 6.95%, 06/10/2026 | 1810000 | 1833529 |
| General Motors Co. |  |  |
| 5.35%, 04/15/2028 | 575000 | 588316 |
| 6.25%, 10/02/2043 | 2096000 | 2131487 |
| Hyundai Capital America |  |  |
| 5.40%, 06/23/2032 <sup>(A)</sup> <br>| 4265000 | 4391118 |
| Volkswagen Group of America <br> Finance LLC |  |  |
| 4.85%, 09/11/2030 <sup>(A)</sup> <br>| 2614000 | 2624906 |
|  |  | 11569356 |
| **Banks - 6.3%**  | **Banks - 6.3%**  | **Banks - 6.3%**  |
| Banco Santander SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/14/2027, <br>5.55% <sup>(B)</sup>, 03/14/2028<br>| 2600000 | 2646962 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/11/2031, <br>2.65% <sup>(B)</sup>, 03/11/2032<br>| 3606000 | 3288047 |
| &nbsp;&nbsp;&nbsp; Fixed until 05/09/2035, <br>5.46% <sup>(B)</sup>, 05/09/2036 <sup>(C)</sup> <br>| 5328000 | 5554675 |
| &nbsp;&nbsp;&nbsp; Fixed until 09/15/2028, <br>5.82% <sup>(B)</sup>, 09/15/2029<br>| 5587000 | 5842300 |
| Bank of New York Mellon Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/21/2034, <br>5.61% <sup>(B)</sup>, 07/21/2039<br>| 1251000 | 1304695 |
| Barclays PLC |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 02/25/2035, <br>5.79% <sup>(B)</sup>, 02/25/2036<br>| 1736000 | 1811715 |
| &nbsp;&nbsp;&nbsp; Fixed until 11/02/2025, <br>7.33% <sup>(B)</sup>, 11/02/2026<br>| 3777000 | 3785696 |
| BBVA Mexico SA Institucion De Banca <br> Multiple Grupo Financiero |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/13/2029, <br>5.88% <sup>(B)</sup>, 09/13/2034 <sup>(A)</sup> <br>| 2450000 | 2455135 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 11/17/2027 <sup>(D)</sup>, <br>9.25% <sup>(A)</sup><sup>(B)</sup> <br>| $4341000 | $4663701 |
| CaixaBank SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/13/2033, <br>6.84% <sup>(B)</sup>, 09/13/2034 <sup>(A)</sup> <br>| 1463000 | 1630184 |
| Canadian Imperial Bank of Commerce |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/13/2030, <br>5.25% <sup>(B)</sup>, 01/13/2031<br>| 2358000 | 2434864 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/25/2033, <br>6.17% <sup>(B)</sup>, 05/25/2034<br>| 1609000 | 1711998 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 10/21/2031, <br>2.65% <sup>(B)</sup>, 10/21/2032<br>| 3921000 | 3526273 |
| Intesa Sanpaolo SpA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 11/21/2032, <br>8.25% <sup>(B)</sup>, 11/21/2033 <sup>(A)</sup> <br>| 2571000 | 3034119 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/23/2029, <br>5.01% <sup>(B)</sup>, 01/23/2030<br>| 6360000 | 6515506 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/23/2035, <br>5.58% <sup>(B)</sup>, 07/23/2036<br>| 3599000 | 3731019 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/22/2034, <br>5.77% <sup>(B)</sup>, 04/22/2035<br>| 1357000 | 1445730 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/23/2028, <br>6.09% <sup>(B)</sup>, 10/23/2029<br>| 1699000 | 1792912 |
| M&T Bank Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/08/2030, <br>5.18% <sup>(B)</sup>, 07/08/2031<br>| 2827000 | 2895149 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/16/2035, <br>5.39% <sup>(B)</sup>, 01/16/2036<br>| 1195000 | 1211488 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/30/2028, <br>7.41% <sup>(B)</sup>, 10/30/2029<br>| 1587000 | 1723983 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/19/2034, <br>5.32% <sup>(B)</sup>, 07/19/2035<br>| 2517000 | 2597163 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/18/2034, <br>5.47% <sup>(B)</sup>, 01/18/2035<br>| 3230000 | 3364188 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/18/2029, <br>5.66% <sup>(B)</sup>, 04/18/2030<br>| 5793000 | 6049135 |
| NatWest Group PLC |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/01/2034, <br>5.78% <sup>(B)</sup>, 03/01/2035<br>| 4743000 | 5001656 |
| PNC Financial Services Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/21/2035, <br>5.37% <sup>(B)</sup>, 07/21/2036<br>| 1918000 | 1973753 |
| &nbsp;&nbsp;&nbsp; Fixed until 08/18/2033, <br>5.94% <sup>(B)</sup>, 08/18/2034<br>| 3013000 | 3231869 |
| Truist Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/26/2033, <br>5.12% <sup>(B)</sup>, 01/26/2034<br>| 3995000 | 4058918 |
| UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/23/2030, <br>4.40% <sup>(B)</sup>, 09/23/2031 <sup>(A)</sup> <br>| 2221000 | 2213465 |
| &nbsp;&nbsp;&nbsp; Fixed until 05/09/2035, <br>5.58% <sup>(B)</sup>, 05/09/2036 <sup>(A)</sup> <br>| 4916000 | 5117102 |
| &nbsp;&nbsp;&nbsp; Fixed until 11/13/2028 <sup>(D)</sup>, <br>9.25% <sup>(A)</sup><sup>(B)</sup> <br>| 2648000 | 2916809 |

---

**Transamerica Series Trust**

**Page 1**

------

**Transamerica Aegon Bond VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Uzbek Industrial & Construction Bank ATB |  |  |
| 8.95%, 07/24/2029 <sup>(A)</sup> <br>| $3908000 | $4231065 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/24/2030, <br>5.24% <sup>(B)</sup>, 01/24/2031<br>| 3248000 | 3360406 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/23/2035, <br>5.61% <sup>(B)</sup>, 04/23/2036<br>| 3114000 | 3267991 |
|  |  | 110389671 |
| **Beverages - 0.3%**  | **Beverages - 0.3%**  | **Beverages - 0.3%**  |
| Primo Water Holdings, Inc./Triton Water <br> Holdings, Inc. |  |  |
| 4.38%, 04/30/2029 <sup>(A)</sup> <br>| 5086000 | 4932926 |
| **Biotechnology - 0.6%**  | **Biotechnology - 0.6%**  | **Biotechnology - 0.6%**  |
| Amgen, Inc. |  |  |
| 2.80%, 08/15/2041 | 2011000 | 1479247 |
| 5.60%, 03/02/2043 | 1762000 | 1785351 |
| CSL Finance PLC |  |  |
| 4.63%, 04/27/2042 <sup>(A)</sup> <br>| 3168000 | 2889781 |
| Gilead Sciences, Inc. |  |  |
| 5.10%, 06/15/2035 | 2559000 | 2629132 |
| Royalty Pharma PLC |  |  |
| 2.20%, 09/02/2030 | 2807000 | 2520115 |
|  |  | 11303626 |
| **Building Products - 0.6%**  | **Building Products - 0.6%**  | **Building Products - 0.6%**  |
| Amrize Finance U.S. LLC |  |  |
| 4.75%, 09/22/2046 <sup>(A)</sup> <br>| 1100000 | 974578 |
| 5.40%, 04/07/2035 <sup>(A)</sup> <br>| 1949000 | 2007737 |
| Builders FirstSource, Inc. |  |  |
| 6.38%, 06/15/2032 <sup>(A)</sup> <br>| 1654000 | 1709659 |
| Carlisle Cos., Inc. |  |  |
| 5.25%, 09/15/2035 | 1131000 | 1144685 |
| Owens Corning |  |  |
| 4.30%, 07/15/2047 | 2888000 | 2380021 |
| Vulcan Materials Co. |  |  |
| 5.35%, 12/01/2034 | 2398000 | 2473598 |
|  |  | 10690278 |
| **Capital Markets - 0.2%**  | **Capital Markets - 0.2%**  | **Capital Markets - 0.2%**  |
| HAT Holdings I LLC/HAT Holdings II LLC |  |  |
| 3.38%, 06/15/2026 <sup>(A)</sup> <br>| 2620000 | 2594403 |
| **Chemicals - 0.8%**  | **Chemicals - 0.8%**  | **Chemicals - 0.8%**  |
| ASP Unifrax Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; PIK Rate 1.50%, Cash Rate 5.85%, <br>09/30/2029 <sup>(A)</sup><sup>(E)</sup> <br>| 732078 | 288431 |
| Mosaic Co. |  |  |
| 4.05%, 11/15/2027 | 1104000 | 1100861 |
| Nutrien Ltd. |  |  |
| 4.20%, 04/01/2029 | 2948000 | 2943550 |
| OCP SA |  |  |
| 6.75%, 05/02/2034 <sup>(A)</sup> <br>| 2252000 | 2448101 |
| Olympus Water U.S. Holding Corp. |  |  |
| 7.25%, 02/15/2033 <sup>(A)</sup><sup>(F)</sup> <br>| 5163000 | 5168378 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| Orbia Advance Corp. SAB de CV |  |  |
| 6.80%, 05/13/2030 <sup>(A)</sup> <br>| $2822000 | $2934884 |
|  |  | 14884205 |
| **Commercial Services & Supplies - 1.6%**  | **Commercial Services & Supplies - 1.6%**  | **Commercial Services & Supplies - 1.6%**  |
| ADT Security Corp. |  |  |
| 4.13%, 08/01/2029 <sup>(A)</sup> <br>| 3829000 | 3702705 |
| Ashtead Capital, Inc. |  |  |
| 5.55%, 05/30/2033 <sup>(A)</sup> <br>| 2361000 | 2435241 |
| Element Fleet Management Corp. |  |  |
| 5.04%, 03/25/2030 <sup>(A)</sup> <br>| 4734000 | 4828962 |
| GXO Logistics, Inc. |  |  |
| 2.65%, 07/15/2031 | 4245000 | 3783335 |
| 6.50%, 05/06/2034 | 1958000 | 2105153 |
| Herc Holdings, Inc. |  |  |
| 7.00%, 06/15/2030 <sup>(A)</sup> <br>| 3273000 | 3399750 |
| Quanta Services, Inc. |  |  |
| 2.90%, 10/01/2030 | 2101000 | 1961378 |
| 5.25%, 08/09/2034 | 1440000 | 1476291 |
| Veralto Corp. |  |  |
| 5.45%, 09/18/2033 | 2599000 | 2717822 |
| Waste Management, Inc. |  |  |
| 3.88%, 01/15/2029 | 1795000 | 1783688 |
|  |  | 28194325 |
| **Communications Equipment - 1.0%**  | **Communications Equipment - 1.0%**  | **Communications Equipment - 1.0%**  |
| CommScope LLC |  |  |
| 4.75%, 09/01/2029 <sup>(A)</sup> <br>| 4608000 | 4578417 |
| NTT Finance Corp. |  |  |
| 4.62%, 07/16/2028 <sup>(A)</sup> <br>| 2011000 | 2030885 |
| T-Mobile USA, Inc. |  |  |
| 3.50%, 04/15/2031 | 1847000 | 1756934 |
| 3.88%, 04/15/2030 | 1354000 | 1327717 |
| 5.15%, 04/15/2034 | 1867000 | 1909894 |
| Verizon Communications, Inc. |  |  |
| 1.68%, 10/30/2030 | 2058000 | 1809648 |
| 1.75%, 01/20/2031 | 1761000 | 1540649 |
| 2.10%, 03/22/2028 | 2247000 | 2143285 |
|  |  | 17097429 |
| **Construction & Engineering - 0.6%**  | **Construction & Engineering - 0.6%**  | **Construction & Engineering - 0.6%**  |
| Century Communities, Inc. |  |  |
| 3.88%, 08/15/2029 <sup>(A)</sup> <br>| 1522000 | 1431848 |
| 6.63%, 09/15/2033 <sup>(A)</sup> <br>| 833000 | 840296 |
| 6.75%, 06/01/2027 | 2100000 | 2099441 |
| IHS Netherlands Holdco BV |  |  |
| 8.00%, 09/18/2027 <sup>(A)</sup> <br>| 1548882 | 1550161 |
| Sitios Latinoamerica SAB de CV |  |  |
| 6.00%, 11/25/2029 <sup>(A)</sup> <br>| 4421000 | 4594745 |
|  |  | 10516491 |
| **Consumer Staples Distribution & Retail - 0.6%**  | **Consumer Staples Distribution & Retail - 0.6%**  | **Consumer Staples Distribution & Retail - 0.6%**  |
| 7-Eleven, Inc. |  |  |
| 1.80%, 02/10/2031 <sup>(A)</sup> <br>| 3567000 | 3100340 |
| InRetail Consumer |  |  |
| 3.25%, 03/22/2028 <sup>(A)</sup> <br>| 3319000 | 3223973 |

---

**Transamerica Series Trust**

**Page 2**

------

**Transamerica Aegon Bond VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Consumer Staples Distribution & Retail (continued)** | **Consumer Staples Distribution & Retail (continued)** | **Consumer Staples Distribution & Retail (continued)** |
| Lowe's Cos., Inc. |  |  |
| 3.75%, 04/01/2032 | $3621000 | $3463646 |
|  |  | 9787959 |
| **Containers & Packaging - 0.5%**  | **Containers & Packaging - 0.5%**  | **Containers & Packaging - 0.5%**  |
| Clydesdale Acquisition Holdings, Inc. |  |  |
| 6.63%, 04/15/2029 <sup>(A)</sup> <br>| 2958000 | 2991695 |
| Mauser Packaging Solutions Holding Co. |  |  |
| 7.88%, 04/15/2027 <sup>(A)</sup> <br>| 2876000 | 2904193 |
| WRKCo, Inc. |  |  |
| 3.90%, 06/01/2028 | 2248000 | 2229372 |
|  |  | 8125260 |
| **Distributors - 0.1%**  | **Distributors - 0.1%**  | **Distributors - 0.1%**  |
| LKQ Corp. |  |  |
| 6.25%, 06/15/2033 <sup>(C)</sup> <br>| 1731000 | 1847230 |
| **Diversified REITs - 1.1%**  | **Diversified REITs - 1.1%**  | **Diversified REITs - 1.1%**  |
| GLP Capital LP/GLP Financing II, Inc. |  |  |
| 5.25%, 02/15/2033 | 3204000 | 3209222 |
| Safehold GL Holdings LLC |  |  |
| 6.10%, 04/01/2034 | 2647000 | 2788529 |
| SBA Tower Trust |  |  |
| 6.60%, 11/15/2052 <sup>(A)</sup> <br>| 4556000 | 4678015 |
| VICI Properties LP |  |  |
| 4.95%, 02/15/2030 | 2822000 | 2854732 |
| Weyerhaeuser Co. |  |  |
| 4.00%, 04/15/2030 | 3073000 | 3030562 |
| WP Carey, Inc. |  |  |
| 5.38%, 06/30/2034 | 2722000 | 2789216 |
|  |  | 19350276 |
| **Electric Utilities - 1.7%**  | **Electric Utilities - 1.7%**  | **Electric Utilities - 1.7%**  |
| Black Hills Corp. |  |  |
| 3.15%, 01/15/2027 | 1987000 | 1960563 |
| 4.55%, 01/31/2031 | 1356000 | 1355936 |
| Calpine Corp. |  |  |
| 3.75%, 03/01/2031 <sup>(A)</sup> <br>| 4043000 | 3850640 |
| Chile Electricity Lux MPC II SARL |  |  |
| 5.58%, 10/20/2035 <sup>(A)</sup> <br>| 3539546 | 3655566 |
| Cleveland Electric Illuminating Co. |  |  |
| 3.50%, 04/01/2028 <sup>(A)</sup> <br>| 2858000 | 2806878 |
| Duke Energy Corp. |  |  |
| 4.95%, 09/15/2035 | 4115000 | 4087995 |
| 5.00%, 12/08/2027 | 1343000 | 1367665 |
| Investment Energy Resources Ltd. |  |  |
| 6.25%, 04/26/2029 <sup>(A)</sup> <br>| 1588000 | 1581615 |
| NRG Energy, Inc. |  |  |
| 3.38%, 02/15/2029 <sup>(A)</sup> <br>| 1347000 | 1273343 |
| 3.63%, 02/15/2031 <sup>(A)</sup> <br>| 1408000 | 1301730 |
| 6.00%, 02/01/2033 <sup>(A)</sup> <br>| 186000 | 188896 |
| Pacific Gas & Electric Co. |  |  |
| 2.50%, 02/01/2031 | 1176000 | 1047701 |
| 3.30%, 12/01/2027 | 400000 | 391470 |
| Southern Power Co. |  |  |
| 4.25%, 10/01/2030 | 1296000 | 1288185 |
| 4.90%, 10/01/2035 | 1748000 | 1723879 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** |
| Vistra Operations Co. LLC |  |  |
| 6.88%, 04/15/2032 <sup>(A)</sup> <br>| $2365000 | $2473499 |
|  |  | 30355561 |
| **Electronic Equipment, Instruments & Components - 0.6%**  | **Electronic Equipment, Instruments & Components - 0.6%**  | **Electronic Equipment, Instruments & Components - 0.6%**  |
| Arrow Electronics, Inc. |  |  |
| 5.88%, 04/10/2034 | 2113000 | 2214539 |
| Keysight Technologies, Inc. |  |  |
| 4.95%, 10/15/2034 | 1365000 | 1373637 |
| Sensata Technologies, Inc. |  |  |
| 4.38%, 02/15/2030 <sup>(A)</sup> <br>| 3358000 | 3240994 |
| Tyco Electronics Group SA |  |  |
| 5.00%, 05/09/2035 | 3440000 | 3490293 |
|  |  | 10319463 |
| **Energy Equipment & Services - 0.1%**  | **Energy Equipment & Services - 0.1%**  | **Energy Equipment & Services - 0.1%**  |
| Schlumberger Holdings Corp. |  |  |
| 3.90%, 05/17/2028 <sup>(A)</sup> <br>| 1657000 | 1649469 |
| **Financial Services - 2.5%**  | **Financial Services - 2.5%**  | **Financial Services - 2.5%**  |
| AerCap Ireland Capital DAC/AerCap <br> Global Aviation Trust |  |  |
| 4.45%, 04/03/2026 | 1791000 | 1790793 |
| 4.95%, 09/10/2034 | 1941000 | 1932086 |
| Ally Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/15/2028, <br>5.74% <sup>(B)</sup>, 05/15/2029<br>| 798000 | 816820 |
| American Express Co. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 04/25/2029, <br>5.53% <sup>(B)</sup>, 04/25/2030<br>| 3222000 | 3366761 |
| Aviation Capital Group LLC |  |  |
| 3.50%, 11/01/2027 <sup>(A)</sup> <br>| 2000000 | 1964188 |
| Avolon Holdings Funding Ltd. |  |  |
| 5.75%, 11/15/2029 <sup>(A)</sup> <br>| 4961000 | 5153760 |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/26/2034, <br>5.88% <sup>(B)</sup>, 07/26/2035<br>| 4621000 | 4846401 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/30/2035, <br>6.18% <sup>(B)</sup>, 01/30/2036<br>| 945000 | 980301 |
| Citadel Finance LLC |  |  |
| 5.90%, 02/10/2030 <sup>(A)</sup> <br>| 3401000 | 3450621 |
| LPL Holdings, Inc. |  |  |
| 4.00%, 03/15/2029 <sup>(A)</sup> <br>| 2944000 | 2879043 |
| 5.70%, 05/20/2027 | 1695000 | 1726956 |
| Mexico Remittances Funding Fiduciary <br> Estate Management SARL |  |  |
| 12.50%, 10/15/2031 <sup>(A)</sup> <br>| 5171000 | 5262061 |
| Rocket Cos., Inc. |  |  |
| 6.38%, 08/01/2033 <sup>(A)</sup> <br>| 2359000 | 2434757 |
| United Wholesale Mortgage LLC |  |  |
| 5.50%, 11/15/2025 <sup>(A)</sup> <br>| 4479000 | 4477395 |
| UWM Holdings LLC |  |  |
| 6.25%, 03/15/2031 <sup>(A)</sup> <br>| 3834000 | 3815740 |
|  |  | 44897683 |

---

**Transamerica Series Trust**

**Page 3**

------

**Transamerica Aegon Bond VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Food Products - 1.8%**  | **Food Products - 1.8%**  | **Food Products - 1.8%**  |
| Albertsons Cos., Inc./Safeway, Inc./New <br> Albertsons LP |  |  |
| 4.63%, 01/15/2027 <sup>(A)</sup> <br>| $2428000 | $2412742 |
| 6.25%, 03/15/2033 <sup>(A)</sup> <br>| 467000 | 477601 |
| BAT Capital Corp. |  |  |
| 4.63%, 03/22/2033 | 2437000 | 2411585 |
| 5.63%, 08/15/2035 | 4058000 | 4216276 |
| Bunge Ltd. Finance Corp. |  |  |
| 5.15%, 08/04/2035 | 3990000 | 4037033 |
| Cargill, Inc. |  |  |
| 5.13%, 02/11/2035 <sup>(A)</sup> <br>| 2709000 | 2790656 |
| Imperial Brands Finance PLC |  |  |
| 5.63%, 07/01/2035 <sup>(A)</sup> <br>| 3310000 | 3375955 |
| J.M. Smucker Co. |  |  |
| 6.50%, 11/15/2043 | 1670000 | 1821169 |
| &nbsp;&nbsp; JBS USA Holding LUX SARL/JBS USA <br> Foods Group Holdings, Inc./JBS USA <br>Food Co. |  |  |
| 5.50%, 01/15/2036 <sup>(A)</sup> <br>| 4239000 | 4328909 |
| Kroger Co. |  |  |
| 5.00%, 09/15/2034 | 2049000 | 2066395 |
| Philip Morris International, Inc. |  |  |
| 4.25%, 11/10/2044 | 3010000 | 2592747 |
| Sysco Corp. |  |  |
| 5.40%, 03/23/2035 | 1901000 | 1964501 |
|  |  | 32495569 |
| **Health Care Equipment & Supplies - 0.4%**  | **Health Care Equipment & Supplies - 0.4%**  | **Health Care Equipment & Supplies - 0.4%**  |
| Alcon Finance Corp. |  |  |
| 5.75%, 12/06/2052 <sup>(A)</sup> <br>| 892000 | 917461 |
| GE HealthCare Technologies, Inc. |  |  |
| 4.80%, 08/14/2029 | 1696000 | 1729321 |
| 5.50%, 06/15/2035 | 1540000 | 1596342 |
| Medline Borrower LP |  |  |
| 3.88%, 04/01/2029 <sup>(A)</sup> <br>| 1821000 | 1756253 |
| 5.25%, 10/01/2029 <sup>(A)</sup> <br>| 1459000 | 1446384 |
|  |  | 7445761 |
| **Health Care Providers & Services - 1.5%**  | **Health Care Providers & Services - 1.5%**  | **Health Care Providers & Services - 1.5%**  |
| Centene Corp. |  |  |
| 3.38%, 02/15/2030 | 2334000 | 2146549 |
| Charles River Laboratories International, <br> Inc. |  |  |
| 4.00%, 03/15/2031 <sup>(A)</sup> <br>| 2308000 | 2149582 |
| CHS/Community Health Systems, Inc. |  |  |
| 5.25%, 05/15/2030 <sup>(A)</sup> <br>| 2372000 | 2145816 |
| Cigna Group |  |  |
| 2.40%, 03/15/2030 | 1728000 | 1594952 |
| 5.25%, 01/15/2036 | 2739000 | 2773906 |
| Elevance Health, Inc. |  |  |
| 5.70%, 09/15/2055 <sup>(C)</sup> <br>| 1938000 | 1920856 |
| HCA, Inc. |  |  |
| 5.60%, 04/01/2034 | 2032000 | 2109388 |
| 6.00%, 04/01/2054 | 2772000 | 2777429 |
| Health Care Service Corp. A Mutual Legal <br> Reserve Co. |  |  |
| 5.88%, 06/15/2054 <sup>(A)</sup> <br>| 1281000 | 1258655 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** |
| Laboratory Corp. of America Holdings |  |  |
| 4.80%, 10/01/2034 | $3660000 | $3631593 |
| Tenet Healthcare Corp. |  |  |
| 5.13%, 11/01/2027 | 1190000 | 1187816 |
| UnitedHealth Group, Inc. |  |  |
| 5.15%, 07/15/2034 | 1837000 | 1885418 |
|  |  | 25581960 |
| **Health Care REITs - 0.2%**  | **Health Care REITs - 0.2%**  | **Health Care REITs - 0.2%**  |
| Healthpeak OP LLC |  |  |
| 4.75%, 01/15/2033 | 4132000 | 4105266 |
| **Hotels, Restaurants & Leisure - 1.4%**  | **Hotels, Restaurants & Leisure - 1.4%**  | **Hotels, Restaurants & Leisure - 1.4%**  |
| Boyne USA, Inc. |  |  |
| 4.75%, 05/15/2029 <sup>(A)</sup> <br>| 1273000 | 1248932 |
| Carnival Corp. |  |  |
| 5.75%, 08/01/2032 <sup>(A)</sup> <br>| 1393000 | 1417626 |
| 6.13%, 02/15/2033 <sup>(A)</sup> <br>| 2202000 | 2257129 |
| Hilton Domestic Operating Co., Inc. |  |  |
| 3.75%, 05/01/2029 <sup>(A)</sup> <br>| 3076000 | 2959095 |
| Hyatt Hotels Corp. |  |  |
| 5.25%, 06/30/2029 | 1910000 | 1958927 |
| Marriott International, Inc. |  |  |
| 2.75%, 10/15/2033 | 2277000 | 1977025 |
| MGM Resorts International |  |  |
| 4.75%, 10/15/2028 | 2066000 | 2049899 |
| 6.13%, 09/15/2029 | 3447000 | 3508348 |
| Royal Caribbean Cruises Ltd. |  |  |
| 5.38%, 01/15/2036 | 2719000 | 2734856 |
| Viking Cruises Ltd. |  |  |
| 5.88%, 09/15/2027 <sup>(A)</sup> <br>| 2990000 | 2991148 |
| 5.88%, 10/15/2033 <sup>(A)</sup><sup>(F)</sup> <br>| 1947000 | 1948366 |
|  |  | 25051351 |
| **Household Durables - 0.1%**  | **Household Durables - 0.1%**  | **Household Durables - 0.1%**  |
| Newell Brands, Inc. |  |  |
| 6.38%, 05/15/2030 <sup>(C)</sup> <br>| 1424000 | 1410891 |
| Whirlpool Corp. |  |  |
| 6.13%, 06/15/2030 | 1092000 | 1100553 |
|  |  | 2511444 |
| **Insurance - 2.6%**  | **Insurance - 2.6%**  | **Insurance - 2.6%**  |
| Allstate Corp. |  |  |
| 5.05%, 06/24/2029 | 2704000 | 2780379 |
| 5.25%, 03/30/2033 | 1978000 | 2051126 |
| American International Group, Inc. |  |  |
| 5.45%, 05/07/2035 | 1307000 | 1361511 |
| Aon North America, Inc. |  |  |
| 5.45%, 03/01/2034 | 1777000 | 1851108 |
| 5.75%, 03/01/2054 | 2871000 | 2891329 |
| AXA SA |  |  |
| 8.60%, 12/15/2030 | 3813000 | 4543551 |
| Brown & Brown, Inc. |  |  |
| 5.25%, 06/23/2032 | 883000 | 905357 |
| 5.55%, 06/23/2035 | 3404000 | 3501530 |

---

**Transamerica Series Trust**

**Page 4**

------

**Transamerica Aegon Bond VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Cloverie PLC for Zurich Insurance Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 06/24/2026, <br>5.63% <sup>(B)</sup>, 06/24/2046 <sup>(G)</sup> <br>| $5029000 | $5051880 |
| Constellation Insurance, Inc. |  |  |
| 6.80%, 01/24/2030 <sup>(A)</sup> <br>| 8992000 | 9060587 |
| Corebridge Financial, Inc. |  |  |
| 5.75%, 01/15/2034 | 2257000 | 2374077 |
| Fortitude Group Holdings LLC |  |  |
| 6.25%, 04/01/2030 <sup>(A)</sup> <br>| 1341000 | 1392358 |
| Muenchener Rueckversicherungs-<br> Gesellschaft AG |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 11/23/2031, <br>5.88% <sup>(B)</sup>, 05/23/2042 <sup>(A)</sup> <br>| 2000000 | 2086715 |
| RenaissanceRe Holdings Ltd. |  |  |
| 5.80%, 04/01/2035 | 712000 | 746550 |
| RGA Global Funding |  |  |
| 5.05%, 12/06/2031 <sup>(A)</sup> <br>| 4690000 | 4782300 |
|  |  | 45380358 |
| **Internet & Catalog Retail - 0.6%**  | **Internet & Catalog Retail - 0.6%**  | **Internet & Catalog Retail - 0.6%**  |
| AppLovin Corp. |  |  |
| 5.50%, 12/01/2034 | 2888000 | 2981127 |
| Expedia Group, Inc. |  |  |
| 5.40%, 02/15/2035 | 3701000 | 3798018 |
| Meta Platforms, Inc. |  |  |
| 4.80%, 05/15/2030 | 2840000 | 2931744 |
| Uber Technologies, Inc. |  |  |
| 4.80%, 09/15/2034 | 1535000 | 1537881 |
|  |  | 11248770 |
| **IT Services - 0.7%**  | **IT Services - 0.7%**  | **IT Services - 0.7%**  |
| Crowdstrike Holdings, Inc. |  |  |
| 3.00%, 02/15/2029 | 1311000 | 1249198 |
| Dell International LLC/EMC Corp. |  |  |
| 4.85%, 02/01/2035 | 2846000 | 2800641 |
| Hewlett Packard Enterprise Co. |  |  |
| 5.00%, 10/15/2034 | 3207000 | 3182064 |
| NCR Voyix Corp. |  |  |
| 5.00%, 10/01/2028 <sup>(A)</sup> <br>| 1582000 | 1558362 |
| 5.13%, 04/15/2029 <sup>(A)</sup> <br>| 695000 | 683825 |
| Seagate Data Storage Technology Pte. <br> Ltd. |  |  |
| 4.09%, 06/01/2029 <sup>(A)</sup> <br>| 2036000 | 1969685 |
|  |  | 11443775 |
| **Machinery - 0.4%**  | **Machinery - 0.4%**  | **Machinery - 0.4%**  |
| Eaton Capital ULC |  |  |
| 4.45%, 05/09/2030 | 1440000 | 1454928 |
| Huntington Ingalls Industries, Inc. |  |  |
| 2.04%, 08/16/2028 | 3511000 | 3297546 |
| Ingersoll Rand, Inc. |  |  |
| 5.45%, 06/15/2034 | 2536000 | 2644124 |
|  |  | 7396598 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Media - 0.9%**  | **Media - 0.9%**  | **Media - 0.9%**  |
| &nbsp;&nbsp; Charter Communications <br> Operating LLC/Charter Communications <br>Operating Capital |  |  |
| 5.13%, 07/01/2049 | $2798000 | $2313706 |
| Clear Channel Outdoor Holdings, Inc. |  |  |
| 7.50%, 06/01/2029 <sup>(A)</sup> <br>| 1505000 | 1461676 |
| Comcast Corp. |  |  |
| 4.15%, 10/15/2028 | 3071000 | 3080013 |
| CSC Holdings LLC |  |  |
| 4.50%, 11/15/2031 <sup>(A)</sup> <br>| 2712000 | 1763547 |
| Virgin Media Secured Finance PLC |  |  |
| 4.50%, 08/15/2030 <sup>(A)</sup> <br>| 2620000 | 2470243 |
| 5.50%, 05/15/2029 <sup>(A)</sup> <br>| 4006000 | 3960711 |
|  |  | 15049896 |
| **Metals & Mining - 0.3%**  | **Metals & Mining - 0.3%**  | **Metals & Mining - 0.3%**  |
| ArcelorMittal SA |  |  |
| 6.55%, 11/29/2027 | 3568000 | 3722935 |
| Glencore Funding LLC |  |  |
| 2.63%, 09/23/2031 <sup>(A)</sup> <br>| 2660000 | 2388868 |
|  |  | 6111803 |
| **Mortgage Real Estate Investment Trusts - 0.6%**  | **Mortgage Real Estate Investment Trusts - 0.6%**  | **Mortgage Real Estate Investment Trusts - 0.6%**  |
| &nbsp;&nbsp; Ladder Capital Finance <br> Holdings LLLP/Ladder Capital Finance <br>Corp. |  |  |
| 4.25%, 02/01/2027 <sup>(A)</sup> <br>| 5852000 | 5800317 |
| Starwood Property Trust, Inc. |  |  |
| 6.00%, 04/15/2030 <sup>(A)</sup> <br>| 1548000 | 1571528 |
| 6.50%, 07/01/2030 <sup>(A)</sup> <br>| 2799000 | 2895127 |
|  |  | 10266972 |
| **Office REITs - 0.1%**  | **Office REITs - 0.1%**  | **Office REITs - 0.1%**  |
| COPT Defense Properties LP |  |  |
| 2.90%, 12/01/2033 | 2019000 | 1708558 |
| **Oil, Gas & Consumable Fuels - 4.6%**  | **Oil, Gas & Consumable Fuels - 4.6%**  | **Oil, Gas & Consumable Fuels - 4.6%**  |
| Cheniere Energy Partners LP |  |  |
| 4.00%, 03/01/2031 | 3621000 | 3491977 |
| 4.50%, 10/01/2029 | 2096000 | 2089286 |
| 5.95%, 06/30/2033 | 1333000 | 1411111 |
| Chevron USA, Inc. |  |  |
| 3.25%, 10/15/2029 | 1690000 | 1646461 |
| Diamondback Energy, Inc. |  |  |
| 5.15%, 01/30/2030 | 3216000 | 3312063 |
| Ecopetrol SA |  |  |
| 8.38%, 01/19/2036 | 5000000 | 5163916 |
| Enbridge, Inc. |  |  |
| 4.90%, 06/20/2030 <sup>(C)</sup> <br>| 1576000 | 1611676 |
| 5.63%, 04/05/2034 | 3701000 | 3863123 |
| Energy Transfer LP |  |  |
| 6.00%, 06/15/2048 | 3540000 | 3488814 |
| EQT Corp. |  |  |
| 6.38%, 04/01/2029 | 1263000 | 1309714 |
| Expand Energy Corp. |  |  |
| 5.38%, 03/15/2030 | 1363000 | 1385911 |
| Exxon Mobil Corp. |  |  |
| 3.04%, 03/01/2026 | 1539000 | 1532994 |

---

**Transamerica Series Trust**

**Page 5**

------

**Transamerica Aegon Bond VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** |
| Genesis Energy LP/Genesis Energy <br> Finance Corp. |  |  |
| 8.00%, 05/15/2033 | $3539000 | $3701613 |
| Greensaif Pipelines Bidco SARL |  |  |
| 5.85%, 02/23/2036 <sup>(A)</sup> <br>| 2009000 | 2106539 |
| Gulfstream Natural Gas System LLC |  |  |
| 5.60%, 07/23/2035 <sup>(A)</sup> <br>| 1425000 | 1460006 |
| Hess Midstream Operations LP |  |  |
| 6.50%, 06/01/2029 <sup>(A)</sup> <br>| 2072000 | 2136926 |
| Murphy Oil Corp. |  |  |
| 6.00%, 10/01/2032 | 2337000 | 2305734 |
| NuStar Logistics LP |  |  |
| 5.63%, 04/28/2027 | 3000000 | 3018410 |
| Occidental Petroleum Corp. |  |  |
| 5.20%, 08/01/2029 | 1705000 | 1730060 |
| ONEOK, Inc. |  |  |
| 6.10%, 11/15/2032 | 3533000 | 3785828 |
| Petroleos Mexicanos |  |  |
| 6.50%, 01/23/2029 | 3820000 | 3884940 |
| 6.84%, 01/23/2030 | 3043000 | 3095212 |
| Repsol E&P Capital Markets U.S. LLC |  |  |
| 5.98%, 09/16/2035 <sup>(A)</sup><sup>(C)</sup> <br>| 3283000 | 3342715 |
| Sabine Pass Liquefaction LLC |  |  |
| 5.90%, 09/15/2037 | 2204408 | 2317986 |
| Sunoco LP |  |  |
| 5.63%, 03/15/2031 <sup>(A)</sup> <br>| 548000 | 543957 |
| Targa Resources Partners LP/Targa <br> Resources Partners Finance Corp. |  |  |
| 4.00%, 01/15/2032 | 1376000 | 1304921 |
| Venture Global LNG, Inc. |  |  |
| 9.50%, 02/01/2029 <sup>(A)</sup> <br>| 3521000 | 3880230 |
| Venture Global Plaquemines LNG LLC |  |  |
| 6.75%, 01/15/2036 <sup>(A)</sup> <br>| 1656000 | 1758965 |
| 7.50%, 05/01/2033 <sup>(A)</sup> <br>| 2012000 | 2223280 |
| Vital Energy, Inc. |  |  |
| 7.75%, 07/31/2029 <sup>(A)</sup> <br>| 3265000 | 3233362 |
| Western Midstream Operating LP |  |  |
| 6.15%, 04/01/2033 | 2587000 | 2732960 |
| YPF SA |  |  |
| 9.50%, 01/17/2031 <sup>(A)</sup> <br>| 1338000 | 1370097 |
|  |  | 80240787 |
| **Paper & Forest Products - 0.1%**  | **Paper & Forest Products - 0.1%**  | **Paper & Forest Products - 0.1%**  |
| Georgia-Pacific LLC |  |  |
| 4.95%, 06/30/2032 <sup>(A)</sup> <br>| 1722000 | 1766678 |
| **Passenger Airlines - 0.2%**  | **Passenger Airlines - 0.2%**  | **Passenger Airlines - 0.2%**  |
| American Airlines Pass-Through Trust |  |  |
| 3.15%, 08/15/2033 | 1151272 | 1077911 |
| Delta Air Lines, Inc./SkyMiles IP Ltd. |  |  |
| 4.75%, 10/20/2028 <sup>(A)</sup> <br>| 3179000 | 3196875 |
|  |  | 4274786 |
| **Pharmaceuticals - 1.6%**  | **Pharmaceuticals - 1.6%**  | **Pharmaceuticals - 1.6%**  |
| Bausch Health Cos., Inc. |  |  |
| 5.25%, 01/30/2030 <sup>(A)</sup> <br>| 4435000 | 3126675 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| Bayer U.S. Finance II LLC |  |  |
| 4.20%, 07/15/2034 <sup>(A)</sup> <br>| $1934000 | $1795442 |
| 4.38%, 12/15/2028 <sup>(A)</sup> <br>| 1829000 | 1822480 |
| Bristol-Myers Squibb Co. |  |  |
| 5.65%, 02/22/2064 | 1345000 | 1333870 |
| Cardinal Health, Inc. |  |  |
| 5.45%, 02/15/2034 | 2200000 | 2283658 |
| CVS Health Corp. |  |  |
| 5.45%, 09/15/2035 | 3282000 | 3339771 |
| 6.00%, 06/01/2044 | 1947000 | 1975257 |
| &nbsp;&nbsp;&nbsp; Fixed until 12/10/2029, <br>7.00% <sup>(B)</sup>, 03/10/2055<br>| 3902000 | 4096097 |
| Merck & Co., Inc. |  |  |
| 5.00%, 05/17/2053 | 1198000 | 1125718 |
| Organon & Co./Organon Foreign Debt Co-<br> Issuer BV |  |  |
| 6.75%, 05/15/2034 <sup>(A)</sup> <br>| 2003000 | 1920650 |
| Pfizer Investment Enterprises Pte. Ltd. |  |  |
| 5.11%, 05/19/2043 | 1831000 | 1774443 |
| Takeda U.S. Financing, Inc. |  |  |
| 5.20%, 07/07/2035 | 2965000 | 3013742 |
| Viatris, Inc. |  |  |
| 2.30%, 06/22/2027 | 1134000 | 1091594 |
|  |  | 28699397 |
| **Residential REITs - 0.2%**  | **Residential REITs - 0.2%**  | **Residential REITs - 0.2%**  |
| American Homes 4 Rent LP |  |  |
| 5.50%, 02/01/2034 | 3519000 | 3631319 |
| **Retail REITs - 0.2%**  | **Retail REITs - 0.2%**  | **Retail REITs - 0.2%**  |
| NNN REIT, Inc. |  |  |
| 4.60%, 02/15/2031 | 4023000 | 4038012 |
| **Semiconductors & Semiconductor Equipment - 1.5%**  | **Semiconductors & Semiconductor Equipment - 1.5%**  | **Semiconductors & Semiconductor Equipment - 1.5%**  |
| Broadcom, Inc. |  |  |
| 3.14%, 11/15/2035 <sup>(A)</sup> <br>| 4343000 | 3757414 |
| Foundry JV Holdco LLC |  |  |
| 5.88%, 01/25/2034 <sup>(A)</sup> <br>| 2427000 | 2528368 |
| 5.90%, 01/25/2033 <sup>(A)</sup> <br>| 2601000 | 2742717 |
| Intel Corp. |  |  |
| 4.80%, 10/01/2041 | 2520000 | 2273715 |
| Kioxia Holdings Corp. |  |  |
| 6.63%, 07/24/2033 <sup>(A)</sup> <br>| 4250000 | 4369127 |
| Microchip Technology, Inc. |  |  |
| 5.05%, 03/15/2029 | 2484000 | 2538111 |
| Micron Technology, Inc. |  |  |
| 5.30%, 01/15/2031 | 3581000 | 3705598 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. |  |  |
| 5.25%, 08/19/2035 | 3830000 | 3869102 |
| QUALCOMM, Inc. |  |  |
| 3.25%, 05/20/2050 | 1363000 | 963553 |
|  |  | 26747705 |
| **Software - 1.2%**  | **Software - 1.2%**  | **Software - 1.2%**  |
| Cadence Design Systems, Inc. |  |  |
| 4.70%, 09/10/2034 | 1983000 | 1979797 |
| Ellucian Holdings, Inc. |  |  |
| 6.50%, 12/01/2029 <sup>(A)</sup> <br>| 901000 | 915342 |

---

**Transamerica Series Trust**

**Page 6**

------

**Transamerica Aegon Bond VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| Fair Isaac Corp. |  |  |
| 6.00%, 05/15/2033 <sup>(A)</sup> <br>| $1141000 | $1155198 |
| Fiserv, Inc. |  |  |
| 5.45%, 03/02/2028 | 2667000 | 2741899 |
| Intuit, Inc. |  |  |
| 5.50%, 09/15/2053 | 1216000 | 1224864 |
| Oracle Corp. |  |  |
| 5.88%, 09/26/2045 | 2162000 | 2167870 |
| 5.95%, 09/26/2055 | 2168000 | 2161331 |
| 6.90%, 11/09/2052 | 1667000 | 1854788 |
| Roper Technologies, Inc. |  |  |
| 4.90%, 10/15/2034 | 2875000 | 2878271 |
| Synopsys, Inc. |  |  |
| 5.15%, 04/01/2035 | 1825000 | 1856489 |
| 5.70%, 04/01/2055 | 1307000 | 1319065 |
|  |  | 20254914 |
| **Specialized REITs - 0.4%**  | **Specialized REITs - 0.4%**  | **Specialized REITs - 0.4%**  |
| Extra Space Storage LP |  |  |
| 5.40%, 06/15/2035 | 3205000 | 3274134 |
| Iron Mountain, Inc. |  |  |
| 5.25%, 03/15/2028 <sup>(A)</sup> <br>| 3840000 | 3833327 |
|  |  | 7107461 |
| **Transportation Infrastructure - 0.8%**  | **Transportation Infrastructure - 0.8%**  | **Transportation Infrastructure - 0.8%**  |
| Avolon Holdings Funding Ltd. |  |  |
| 4.90%, 10/10/2030 <sup>(A)</sup> <br>| 3346000 | 3364307 |
| Canadian Pacific Railway Co. |  |  |
| 2.45%, 12/02/2031 | 5789000 | 5154719 |
| MV24 Capital BV |  |  |
| 6.75%, 06/01/2034 <sup>(A)</sup> <br>| 3734832 | 3704087 |
| United Parcel Service, Inc. |  |  |
| 5.25%, 05/14/2035 | 2036000 | 2106746 |
|  |  | 14329859 |
| &nbsp;&nbsp; **Total Corporate Debt Securities** <br>**(Cost $743,199,757)**<br>|  | 770029625 |
| **U.S. GOVERNMENT OBLIGATIONS - 22.5%**  | **U.S. GOVERNMENT OBLIGATIONS - 22.5%**  | **U.S. GOVERNMENT OBLIGATIONS - 22.5%**  |
| **U.S. Treasury - 21.9%**  | **U.S. Treasury - 21.9%**  | **U.S. Treasury - 21.9%**  |
| U.S. Treasury Bonds |  |  |
| 1.25%, 05/15/2050 | 38394200 | 18832655 |
| 1.38%, 11/15/2040 | 18958000 | 12368614 |
| 1.88%, 11/15/2051 | 3254000 | 1840798 |
| 2.00%, 02/15/2050 <sup>(H)</sup> <br>| 25475000 | 15234249 |
| 2.25%, 05/15/2041 | 12471000 | 9239744 |
| 2.25%, 08/15/2046 <sup>(H)</sup> <br>| 5162000 | 3444022 |
| 2.38%, 02/15/2042 | 45758300 | 33907615 |
| 2.50%, 02/15/2045 | 2754000 | 1972660 |
| 2.75%, 08/15/2042 <sup>(H)</sup> <br>| 23081000 | 17962608 |
| 2.88%, 08/15/2045 <sup>(H)</sup> <br>| 7972000 | 6057786 |
| 2.88%, 05/15/2049 | 5901000 | 4304964 |
| 3.00%, 08/15/2048 | 9816000 | 7380405 |
| 3.50%, 02/15/2039 | 2013000 | 1841580 |
| 3.63%, 05/15/2053 | 4056000 | 3350002 |
| 3.88%, 02/15/2043 - 05/15/2043 | 32222000 | 29192963 |
| 4.00%, 11/15/2052 | 5449000 | 4822152 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **U.S. GOVERNMENT OBLIGATIONS (continued)** | **U.S. GOVERNMENT OBLIGATIONS (continued)** | **U.S. GOVERNMENT OBLIGATIONS (continued)** |
| **U.S. Treasury (continued)** | **U.S. Treasury (continued)** | **U.S. Treasury (continued)** |
| U.S. Treasury Bonds (continued) |  |  |
| 4.13%, 08/15/2044 | $2268000 | $2105165 |
| 4.25%, 05/15/2039 <sup>(H)</sup> <br>| 7023000 | 6914363 |
| 4.25%, 08/15/2054 | 7723000 | 7129294 |
| 4.50%, 02/15/2044 - 11/15/2054 | 25737000 | 25029795 |
| 4.63%, 05/15/2044 - 02/15/2055 | 29276000 | 28983578 |
| 4.75%, 11/15/2043 - 08/15/2055 | 20180700 | 20294478 |
| U.S. Treasury Bonds, Principal Only <br> STRIPS |  |  |
| 08/15/2052 <sup>(C)</sup> <br>| 7120000 | 1950866 |
| U.S. Treasury Notes |  |  |
| 1.88%, 02/15/2032 | 19906500 | 17660798 |
| 2.75%, 08/15/2032 | 21763000 | 20231939 |
| 2.88%, 05/15/2032 | 15548300 | 14617831 |
| 3.88%, 08/15/2034 | 2319000 | 2283490 |
| 4.00%, 07/31/2032 | 12900000 | 12960469 |
| 4.13%, 02/28/2027 - 11/15/2032 | 40770900 | 41144541 |
| 4.25%, 05/15/2035 - 08/15/2035 | 8754600 | 8830369 |
| 4.63%, 02/15/2035 | 3733700 | 3880131 |
|  |  | 385769924 |
| **U.S. Treasury Inflation-Protected Securities - 0.6%**  | **U.S. Treasury Inflation-Protected Securities - 0.6%**  | **U.S. Treasury Inflation-Protected Securities - 0.6%**  |
| U.S. Treasury Inflation-Protected Indexed <br> Bonds |  |  |
| 1.50%, 02/15/2053 | 8195195 | 6555998 |
| U.S. Treasury Inflation-Protected Indexed <br> Notes |  |  |
| 0.13%, 07/15/2030 | 4624032 | 4396173 |
|  |  | 10952171 |
| &nbsp;&nbsp; **Total U.S. Government Obligations** <br>**(Cost $409,760,141)**<br>|  | 396722095 |
| **ASSET-BACKED SECURITIES - 11.5%**  | **ASSET-BACKED SECURITIES - 11.5%**  | **ASSET-BACKED SECURITIES - 11.5%**  |
| 321 Henderson Receivables VI LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2010-1A, Class A, <br>5.56%, 07/15/2059 <sup>(A)</sup> <br>| 1198308 | 1206247 |
| Anchorage Capital CLO 25 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-25A, Class C, <br>3-Month Term SOFR + 2.35%, <br>6.68% <sup>(B)</sup>, 04/20/2035 <sup>(A)</sup> <br>| 1000000 | 1000473 |
| Apidos CLO XXXI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-31A, Class A1R, <br>3-Month Term SOFR + 1.36%, <br>5.68% <sup>(B)</sup>, 04/15/2031 <sup>(A)</sup> <br>| 4410096 | 4415790 |
| Aqua Finance Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-A, Class A, <br>1.54%, 07/17/2046 <sup>(A)</sup> <br>| 2402200 | 2226582 |
| Avis Budget Rental Car Funding <br> AESOP LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-7A, Class A, <br>5.90%, 08/21/2028 <sup>(A)</sup> <br>| 5355000 | 5501648 |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A, <br>5.36%, 06/20/2030 <sup>(A)</sup> <br>| 5270000 | 5450437 |
| Battalion CLO XXI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-21A, Class AR, <br>3-Month Term SOFR + 1.15%, <br>5.47% <sup>(B)</sup>, 07/15/2034 <sup>(A)</sup> <br>| 3200000 | 3205626 |

---

**Transamerica Series Trust**

**Page 7**

------

**Transamerica Aegon Bond VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** |
| BXG Receivables Note Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-A, Class A, <br>5.77%, 11/15/2038 <sup>(A)</sup> <br>| $2353413 | $2398147 |
| Capital Automotive REIT |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-3A, Class A1, <br>4.40%, 10/15/2054 <sup>(A)</sup> <br>| 6096000 | 5937710 |
| CARS-DB5 LP |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A1, <br>1.44%, 08/15/2051 <sup>(A)</sup> <br>| 3230539 | 3124089 |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A3, <br>1.92%, 08/15/2051 <sup>(A)</sup> <br>| 1381042 | 1337788 |
| CARS-DB7 LP |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-1A, Class A1, <br>5.75%, 09/15/2053 <sup>(A)</sup> <br>| 7500000 | 7560994 |
| CIFC Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017-4A, Class A1R, <br>3-Month Term SOFR + 1.21%, <br>5.53% <sup>(B)</sup>, 10/24/2030 <sup>(A)</sup> <br>| 1413387 | 1415083 |
| Citigroup Mortgage Loan Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007-FS1, Class 1A1, <br>4.14% <sup>(B)</sup>, 10/25/2037 <sup>(A)</sup> <br>| 1284556 | 1242654 |
| DataBank Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A2, <br>2.06%, 02/27/2051 <sup>(A)</sup> <br>| 6419000 | 6341263 |
| Diamond Infrastructure Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A, <br>1.76%, 04/15/2049 <sup>(A)</sup> <br>| 2385000 | 2287349 |
| Drive Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-2, Class C, <br>4.67%, 05/17/2032<br>| 4100000 | 4116599 |
| Dryden 80 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-80A, Class ARR, <br>3-Month Term SOFR + 0.95%, <br>5.16% <sup>(B)</sup>, 01/17/2033 <sup>(A)</sup> <br>| 6200000 | 6201810 |
| First National Master Note Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-1, Class A, <br>5.13%, 04/15/2029<br>| 8210000 | 8253405 |
| Hertz Vehicle Financing III LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-3A, Class A, <br>5.94%, 02/25/2028 <sup>(A)</sup> <br>| 4220000 | 4298841 |
| Hertz Vehicle Financing III LP |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-2A, Class B, <br>2.12%, 12/27/2027 <sup>(A)</sup> <br>| 6290000 | 6110532 |
| Hilton Grand Vacations Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-1A, Class A, <br>5.72%, 01/25/2038 <sup>(A)</sup> <br>| 1629395 | 1664793 |
| &nbsp;&nbsp;&nbsp; Series 2024-1B, Class B, <br>5.99%, 09/15/2039 <sup>(A)</sup> <br>| 510609 | 518429 |
| &nbsp;&nbsp;&nbsp; Series 2024-1B, Class C, <br>6.62%, 09/15/2039 <sup>(A)</sup> <br>| 514860 | 527148 |
| &nbsp;&nbsp;&nbsp; Series 2024-2A, Class A, <br>5.50%, 03/25/2038 <sup>(A)</sup> <br>| 2182619 | 2225900 |
| &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A, <br>4.54%, 05/25/2044 <sup>(A)</sup> <br>| 3870664 | 3878969 |
| Home Equity Asset Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2004-4, Class M1, <br>1-Month Term SOFR + 0.89%, <br>5.05% <sup>(B)</sup>, 10/25/2034<br>| 596719 | 594963 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** |
| ICG U.S. CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014-1A, Class A1A2, <br>3-Month Term SOFR + 1.46%, <br>5.79% <sup>(B)</sup>, 10/20/2034 <sup>(A)</sup> <br>| $9325000 | $9335519 |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A1R, <br>3-Month Term SOFR + 1.27%, <br>5.59% <sup>(B)</sup>, 04/17/2034 <sup>(A)</sup> <br>| 4500000 | 4497160 |
| MetroNet Infrastructure Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A2, <br>5.40%, 08/20/2055 <sup>(A)</sup> <br>| 6850000 | 6952328 |
| MVW LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-1A, Class A, <br>1.74%, 10/20/2037 <sup>(A)</sup> <br>| 688599 | 673458 |
| &nbsp;&nbsp;&nbsp; Series 2021-1WA, Class A, <br>1.14%, 01/22/2041 <sup>(A)</sup> <br>| 502773 | 484521 |
| &nbsp;&nbsp;&nbsp; Series 2021-1WA, Class B, <br>1.44%, 01/22/2041 <sup>(A)</sup> <br>| 2368639 | 2281054 |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A, <br>5.32%, 02/20/2043 <sup>(A)</sup> <br>| 932326 | 951531 |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class C, <br>6.20%, 02/20/2043 <sup>(A)</sup> <br>| 1784790 | 1816134 |
| &nbsp;&nbsp;&nbsp; Series 2024-2A, Class A, <br>4.43%, 03/20/2042 <sup>(A)</sup> <br>| 1375277 | 1374956 |
| &nbsp;&nbsp;&nbsp; Series 2024-2A, Class C, <br>4.92%, 03/20/2042 <sup>(A)</sup> <br>| 4278641 | 4211815 |
| OZLM XV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016-15A, Class BR3, <br>3-Month Term SOFR + 1.85%, <br>6.13% <sup>(B)</sup>, 04/20/2033 <sup>(A)</sup> <br>| 9000000 | 9001701 |
| OZLM XXIV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-24A, Class A1AR, <br>3-Month Term SOFR + 1.42%, <br>5.75% <sup>(B)</sup>, 07/20/2032 <sup>(A)</sup> <br>| 2694732 | 2694482 |
| QTS Issuer ABS I LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2, <br>5.44%, 05/25/2055 <sup>(A)</sup> <br>| 4625000 | 4723730 |
| Retained Vantage Data Centers <br> Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A2, <br>4.99%, 09/15/2049 <sup>(A)</sup> <br>| 2000000 | 2003576 |
| Santander Drive Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-3, Class C, <br>4.68%, 09/15/2031<br>| 4010000 | 4032367 |
| SCF Equipment Trust LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A3, <br>5.11%, 11/21/2033 <sup>(A)</sup> <br>| 4350000 | 4452084 |
| Sierra Timeshare Receivables <br> Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class B, <br>1.34%, 11/20/2037 <sup>(A)</sup> <br>| 1076232 | 1067351 |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class C, <br>1.79%, 11/20/2037 <sup>(A)</sup> <br>| 473586 | 469768 |
| &nbsp;&nbsp;&nbsp; Series 2023-1A, Class A, <br>5.20%, 01/20/2040 <sup>(A)</sup> <br>| 2968962 | 2997296 |
| &nbsp;&nbsp;&nbsp; Series 2023-2A, Class A, <br>5.80%, 04/20/2040 <sup>(A)</sup> <br>| 1405395 | 1437196 |
| &nbsp;&nbsp;&nbsp; Series 2023-3A, Class A, <br>6.10%, 09/20/2040 <sup>(A)</sup> <br>| 2879035 | 2968172 |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A, <br>5.15%, 01/20/2043 <sup>(A)</sup> <br>| 1020109 | 1030345 |

---

**Transamerica Series Trust**

**Page 8**

------

**Transamerica Aegon Bond VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** |
| &nbsp;&nbsp; Sierra Timeshare Receivables <br> Funding LLC (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class B, <br>5.35%, 01/20/2043 <sup>(A)</sup> <br>| $835288 | $841990 |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class C, <br>5.94%, 01/20/2043 <sup>(A)</sup> <br>| 1368181 | 1385032 |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class D, <br>8.02%, 01/20/2043 <sup>(A)</sup> <br>| 486370 | 498795 |
| &nbsp;&nbsp;&nbsp; Series 2024-2A, Class C, <br>5.83%, 06/20/2041 <sup>(A)</sup> <br>| 1960862 | 1983253 |
| &nbsp;&nbsp;&nbsp; Series 2024-3A, Class A, <br>4.83%, 08/20/2041 <sup>(A)</sup> <br>| 2739141 | 2754344 |
| &nbsp;&nbsp;&nbsp; Series 2024-3A, Class C, <br>5.32%, 08/20/2041 <sup>(A)</sup> <br>| 3409952 | 3423951 |
| &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A, <br>4.72%, 04/20/2044 <sup>(A)</sup> <br>| 2220061 | 2239588 |
| &nbsp;&nbsp;&nbsp; Series 2025-2A, Class B, <br>4.93%, 04/20/2044 <sup>(A)</sup> <br>| 1043429 | 1051317 |
| &nbsp;&nbsp;&nbsp; Series 2025-2A, Class C, <br>5.32%, 04/20/2044 <sup>(A)</sup> <br>| 1065629 | 1076293 |
| Symphony CLO XIX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018-19A, Class A, <br>3-Month Term SOFR + 1.22%, <br>5.54% <sup>(B)</sup>, 04/16/2031 <sup>(A)</sup> <br>| 2634764 | 2636070 |
| Symphony CLO XXIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-23A, Class AR2, <br>3-Month Term SOFR + 0.90%, <br>5.22% <sup>(B)</sup>, 01/15/2034 <sup>(A)</sup> <br>| 4503983 | 4502132 |
| TCI-Symphony CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016-1A, Class AR2, <br>3-Month Term SOFR + 1.28%, <br>5.60% <sup>(B)</sup>, 10/13/2032 <sup>(A)</sup> <br>| 2559097 | 2560873 |
| Vantage Data Centers LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2, <br>5.13%, 08/15/2055 <sup>(A)</sup> <br>| 9170000 | 9216443 |
| Venture 43 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-43A, Class A1R, <br>3-Month Term SOFR + 1.35%, <br>5.67% <sup>(B)</sup>, 04/15/2034 <sup>(A)</sup> <br>| 2500000 | 2501793 |
| Venture XXVII CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017-27A, Class AR, <br>3-Month Term SOFR + 1.31%, <br>5.64% <sup>(B)</sup>, 07/20/2030 <sup>(A)</sup> <br>| 843166 | 843232 |
| Wellfleet CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-1A, Class BRR, <br>3-Month Term SOFR + 1.70%, <br>5.84% <sup>(B)</sup>, 07/20/2032 <sup>(A)</sup> <br>| 3000000 | 3002103 |
| &nbsp;&nbsp; **Total Asset-Backed Securities** <br>**(Cost $199,144,333)** | &nbsp;&nbsp; **Total Asset-Backed Securities** <br>**(Cost $199,144,333)** | 203017022 |
| **MORTGAGE-BACKED SECURITIES - 10.1%**  | **MORTGAGE-BACKED SECURITIES - 10.1%**  | **MORTGAGE-BACKED SECURITIES - 10.1%**  |
| 1211 Avenue of the Americas Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015-1211, Class A1A1, <br>3.90% , 08/10/2035 <sup>(A)</sup> <br>| 5900000 | 5676906 |
| 20 Times Square Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018-20TS, Class B, <br>3.20% <sup>(B)</sup>, 05/15/2035 <sup>(A)</sup> <br>| 5148000 | 4839120 |
| Angel Oak Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1, Class A1, <br>5.69% <sup>(B)</sup>, 01/25/2070 <sup>(A)</sup> <br>| 5779463 | 5837833 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** |
| BAMLL Commercial Mortgage Securities <br> Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-BPR, Class ANM, <br>3.11% , 11/05/2032 <sup>(A)</sup> <br>| $2081207 | $1973242 |
| Banc of America Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005-D, Class A1, <br>5.33% <sup>(B)</sup>, 05/25/2035<br>| 609970 | 570697 |
| BBCMS Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018-TALL, Class D, <br>1-Month Term SOFR + 1.65%, <br>5.80% <sup>(B)</sup>, 03/15/2037 <sup>(A)</sup> <br>| 5000000 | 4475398 |
| BRAVO Residential Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM3, Class A1, <br>6.19% <sup>(B)</sup>, 03/25/2064 <sup>(A)</sup> <br>| 2762305 | 2795387 |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM1, Class A1, <br>5.60% <sup>(B)</sup>, 12/25/2064 <sup>(A)</sup> <br>| 2072327 | 2090241 |
| Citigroup Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016-P5, Class AAB, <br>2.84% , 10/10/2049<br>| 320234 | 319580 |
| COLT Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-2, Class A1, <br>6.13% <sup>(B)</sup>, 04/25/2069 <sup>(A)</sup> <br>| 2529044 | 2556619 |
| &nbsp;&nbsp;&nbsp; Series 2024-3, Class A1, <br>6.39% <sup>(B)</sup>, 06/25/2069 <sup>(A)</sup> <br>| 8761335 | 8887500 |
| &nbsp;&nbsp;&nbsp; Series 2024-4, Class A1, <br>5.95% <sup>(B)</sup>, 07/25/2069 <sup>(A)</sup> <br>| 1596964 | 1614939 |
| COMM Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016-787S, Class A, <br>3.55% , 02/10/2036 <sup>(A)</sup> <br>| 5000000 | 4947689 |
| CSMC Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-RPL4, Class A1, <br>2.00% <sup>(B)</sup>, 01/25/2060 <sup>(A)</sup> <br>| 8936918 | 8095659 |
| DOLP Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-NYC, Class A, <br>2.96% , 05/10/2041 <sup>(A)</sup> <br>| 5300000 | 4732757 |
| GCAT Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-NQM1, Class A1, <br>6.01% <sup>(B)</sup>, 01/25/2059 <sup>(A)</sup> <br>| 4289265 | 4328240 |
| GS Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016-GS3, Class AAB, <br>2.78% , 10/10/2049<br>| 334913 | 333611 |
| HarborView Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006-7, Class 2A1A, <br>1-Month Term SOFR + 0.51%, <br>4.65% <sup>(B)</sup>, 09/19/2046<br>| 94827 | 83466 |
| Hudson Yards Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-SPRL, Class A, <br>5.65% <sup>(B)</sup>, 01/13/2040 <sup>(A)</sup> <br>| 3970000 | 4102587 |
| MetLife Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017-1A, Class A, <br>3.00% <sup>(B)</sup>, 04/25/2055 <sup>(A)</sup> <br>| 1070868 | 1031988 |
| MFA Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-RPL1, Class A1, <br>1.13% <sup>(B)</sup>, 07/25/2060 <sup>(A)</sup> <br>| 3355433 | 3074342 |
| Mill City Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-1, Class A1, <br>3.25% <sup>(B)</sup>, 10/25/2069 <sup>(A)</sup> <br>| 602913 | 589032 |
| New Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016-4A, Class A1, <br>3.75% <sup>(B)</sup>, 11/25/2056 <sup>(A)</sup> <br>| 2337220 | 2246751 |

---

**Transamerica Series Trust**

**Page 9**

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**Transamerica Aegon Bond VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** |
| &nbsp;&nbsp; New Residential Mortgage Loan <br> Trust (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2018-RPL1, Class A1, <br>3.50% <sup>(B)</sup>, 12/25/2057 <sup>(A)</sup> <br>| $5416080 | $5260908 |
| &nbsp;&nbsp;&nbsp; Series 2019-2A, Class A1, <br>4.25% <sup>(B)</sup>, 12/25/2057 <sup>(A)</sup> <br>| 4153974 | 4084118 |
| &nbsp;&nbsp;&nbsp; Series 2019-4A, Class A1B, <br>3.50% <sup>(B)</sup>, 12/25/2058 <sup>(A)</sup> <br>| 2494116 | 2343317 |
| &nbsp;&nbsp;&nbsp; Series 2019-5A, Class A1B, <br>3.50% <sup>(B)</sup>, 08/25/2059 <sup>(A)</sup> <br>| 2233945 | 2127717 |
| &nbsp;&nbsp;&nbsp; Series 2019-6A, Class A1B, <br>3.50% <sup>(B)</sup>, 09/25/2059 <sup>(A)</sup> <br>| 1804011 | 1711181 |
| &nbsp;&nbsp;&nbsp; Series 2019-RPL2, Class A1, <br>3.25% <sup>(B)</sup>, 02/25/2059 <sup>(A)</sup> <br>| 2949271 | 2872393 |
| &nbsp;&nbsp;&nbsp; Series 2020-1A, Class A1B, <br>3.50% <sup>(B)</sup>, 10/25/2059 <sup>(A)</sup> <br>| 6099435 | 5748649 |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-NQM4, Class A1, <br>6.11% <sup>(B)</sup>, 03/25/2063 <sup>(A)</sup> <br>| 1992502 | 1999961 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM14, Class A1, <br>4.94% <sup>(B)</sup>, 09/25/2064 <sup>(A)</sup> <br>| 2634847 | 2634164 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM4, Class A1, <br>6.07% <sup>(B)</sup>, 01/25/2064 <sup>(A)</sup> <br>| 3239517 | 3273299 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM5, Class A1, <br>5.99% <sup>(B)</sup>, 01/25/2064 <sup>(A)</sup> <br>| 1261762 | 1274264 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM6, Class A1, <br>6.45% <sup>(B)</sup>, 02/25/2064 <sup>(A)</sup> <br>| 3235308 | 3285644 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM8, Class A1, <br>6.23% <sup>(B)</sup>, 05/25/2064 <sup>(A)</sup> <br>| 2122852 | 2152368 |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM18, Class A1, <br>5.06% <sup>(B)</sup>, 09/25/2065 <sup>(A)</sup> <br>| 4000000 | 4000158 |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM2, Class A1, <br>5.60% <sup>(B)</sup>, 11/25/2064 <sup>(A)</sup> <br>| 2010876 | 2028976 |
| Reperforming Loan Trust REMICS |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006-R1, Class AF1, <br>1-Month Term SOFR + 0.45%, <br>4.61% <sup>(B)</sup>, 01/25/2036 <sup>(A)</sup> <br>| 626775 | 593659 |
| Towd Point Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017-4, Class A1, <br>2.75% <sup>(B)</sup>, 06/25/2057 <sup>(A)</sup> <br>| 2706800 | 2651538 |
| &nbsp;&nbsp;&nbsp; Series 2017-6, Class A1, <br>2.75% <sup>(B)</sup>, 10/25/2057 <sup>(A)</sup> <br>| 4510701 | 4440346 |
| &nbsp;&nbsp;&nbsp; Series 2018-2, Class A1, <br>3.25% <sup>(B)</sup>, 03/25/2058 <sup>(A)</sup> <br>| 83621 | 82707 |
| &nbsp;&nbsp;&nbsp; Series 2018-4, Class A1, <br>3.00% <sup>(B)</sup>, 06/25/2058 <sup>(A)</sup> <br>| 5762746 | 5476152 |
| &nbsp;&nbsp;&nbsp; Series 2019-1, Class A1, <br>3.75% <sup>(B)</sup>, 03/25/2058 <sup>(A)</sup> <br>| 3349250 | 3262472 |
| &nbsp;&nbsp;&nbsp; Series 2019-4, Class A1, <br>2.90% <sup>(B)</sup>, 10/25/2059 <sup>(A)</sup> <br>| 5620311 | 5401031 |
| &nbsp;&nbsp;&nbsp; Series 2020-4, Class A1, <br>1.75% , 10/25/2060 <sup>(A)</sup> <br>| 5523266 | 5031694 |
| &nbsp;&nbsp;&nbsp; Series 2022-1, Class A1, <br>3.75% <sup>(B)</sup>, 07/25/2062 <sup>(A)</sup> <br>| 4186348 | 4017645 |
| &nbsp;&nbsp;&nbsp; Series 2022-4, Class A1, <br>3.75% , 09/25/2062 <sup>(A)</sup> <br>| 4936118 | 4741222 |
| &nbsp;&nbsp;&nbsp; Series 2023-1, Class A1, <br>3.75% , 01/25/2063 <sup>(A)</sup> <br>| 7203068 | 6987462 |
| VEGAS Trust |  |  |
| 5.52% , 11/10/2039 <sup>(A)</sup> <br>| 8500000 | 8626623 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** |
| Verus Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-7, Class A1, <br>5.10% <sup>(B)</sup>, 09/25/2069 <sup>(A)</sup> <br>| $7293826 | $7304619 |
| WaMu Mortgage Pass-Through Certificates <br> Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005-AR13, Class A1A1, <br>1-Month Term SOFR + 0.69%, <br>4.85% <sup>(B)</sup>, 10/25/2045<br>| 467754 | 462742 |
| &nbsp;&nbsp; **Total Mortgage-Backed Securities** <br>**(Cost $177,373,926)**<br>|  | 179080613 |
| **U.S. GOVERNMENT AGENCY OBLIGATIONS - 8.6%**  | **U.S. GOVERNMENT AGENCY OBLIGATIONS - 8.6%**  | **U.S. GOVERNMENT AGENCY OBLIGATIONS - 8.6%**  |
| Federal Home Loan Mortgage Corp. |  |  |
| 3.00%, 04/01/2052 | 826742 | 727819 |
| 3.50%, 08/01/2049 | 506916 | 468240 |
| 5.50%, 04/01/2053 - 07/01/2053 | 20254067 | 20480770 |
| 1-Year RFUCC Treasury + 1.35%, |  |  |
| 6.19% <sup>(B)</sup>, 09/01/2035 | 10582 | 10812 |
| 1-Year RFUCC Treasury + 1.87%, |  |  |
| 7.12% <sup>(B)</sup>, 09/01/2035 | 51287 | 52255 |
| Federal National Mortgage Association |  |  |
| 3.00%, 08/01/2049 - 05/01/2052 | 1626147 | 1430754 |
| 4.00%, 10/01/2047 - 02/01/2048 | 1239356 | 1191392 |
| 4.50%, 08/01/2052 | 7888875 | 7688193 |
| 5.00%, 08/01/2026 - 02/01/2054 | 34576362 | 34487618 |
| 5.50%, 03/01/2053 | 8673438 | 8799739 |
| 6.00%, 06/01/2054 | 9591947 | 9834501 |
| 12-MTA + 1.20%, |  |  |
| 5.42% <sup>(B)</sup>, 06/01/2043 | 15789 | 15926 |
| 1-Year CMT + 1.81%, |  |  |
| 5.82% <sup>(B)</sup>, 08/01/2035 | 3834 | 3897 |
| 1-Year RFUCC Treasury + 1.34%, |  |  |
| 5.96% <sup>(B)</sup>, 12/01/2034 | 578 | 583 |
| 6-Month RFUCC Treasury + 1.61%, |  |  |
| 6.36% <sup>(B)</sup>, 08/01/2036 | 4209 | 4259 |
| 6-Month RFUCC Treasury + 1.75%, |  |  |
| 6.37% <sup>(B)</sup>, 05/01/2035 | 36004 | 36344 |
| 1-Year CMT + 2.22%, |  |  |
| 6.47% <sup>(B)</sup>, 01/01/2028 | 597 | 598 |
| 1-Year CMT + 2.18%, |  |  |
| 7.18% <sup>(B)</sup>, 10/01/2035 | 949 | 970 |
| Uniform Mortgage-Backed Security, TBA |  |  |
| 2.00%, 10/01/2055 <sup>(F)</sup> <br>| 45910000 | 36992642 |
| 2.50%, 10/01/2055 <sup>(F)</sup> <br>| 21824000 | 18383219 |
| 5.50%, 10/01/2054 <sup>(F)</sup> <br>| 10670000 | 10757899 |
| &nbsp;&nbsp; **Total U.S. Government Agency Obligations** <br>**(Cost $150,329,491)** | &nbsp;&nbsp; **Total U.S. Government Agency Obligations** <br>**(Cost $150,329,491)** | 151368430 |
| **FOREIGN GOVERNMENT OBLIGATIONS - 1.0%**  | **FOREIGN GOVERNMENT OBLIGATIONS - 1.0%**  | **FOREIGN GOVERNMENT OBLIGATIONS - 1.0%**  |
| **Colombia - 0.2%**  | **Colombia - 0.2%**  | **Colombia - 0.2%**  |
| Colombia Government International Bonds |  |  |
| 7.75%, 11/07/2036 | 3248000 | 3402280 |
| **Cote d'Ivoire - 0.2%**  | **Cote d'Ivoire - 0.2%**  | **Cote d'Ivoire - 0.2%**  |
| Ivory Coast Government International Bonds |  |  |
| 8.25%, 01/30/2037 <sup>(A)</sup> <br>| 3772000 | 3933666 |

---

**Transamerica Series Trust**

**Page 10**

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**Transamerica Aegon Bond VP**

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**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **FOREIGN GOVERNMENT OBLIGATIONS (continued)** | **FOREIGN GOVERNMENT OBLIGATIONS (continued)** | **FOREIGN GOVERNMENT OBLIGATIONS (continued)** |
| **Dominican Republic - 0.3%**  | **Dominican Republic - 0.3%**  | **Dominican Republic - 0.3%**  |
| Dominican Republic International Bonds |  |  |
| 4.88%, 09/23/2032 <sup>(A)</sup> <br>| $1489000 | $1420953 |
| 6.60%, 06/01/2036 <sup>(A)</sup> <br>| 4015000 | 4201697 |
|  |  | 5622650 |
| **Peru - 0.1%**  | **Peru - 0.1%**  | **Peru - 0.1%**  |
| Corp. Financiera de Desarrollo SA |  |  |
| 5.50%, 05/06/2030 <sup>(A)</sup> <br>| 1837000 | 1888344 |
| **Uzbekistan - 0.2%**  | **Uzbekistan - 0.2%**  | **Uzbekistan - 0.2%**  |
| Republic of Uzbekistan International Bonds |  |  |
| 3.90%, 10/19/2031 <sup>(A)</sup> <br>| 2745000 | 2521318 |
| &nbsp;&nbsp; **Total Foreign Government Obligations** <br>**(Cost $16,344,281)**<br>|  | 17368258 |
| **LOAN ASSIGNMENT - 0.1%**  | **LOAN ASSIGNMENT - 0.1%**  | **LOAN ASSIGNMENT - 0.1%**  |
| **Software - 0.1%**  | **Software - 0.1%**  | **Software - 0.1%**  |
| &nbsp;&nbsp; Rackspace Finance LLC <br>1st Lien Term Loan, <br>1-Month Term SOFR + 6.25%, <br>10.54% <sup>(B)</sup>, 05/15/2028<br>| 1054032 | 1066329 |
| &nbsp;&nbsp; **Total Loan Assignment** <br>**(Cost $1,026,143)**<br>|  | 1066329 |
| **COMMERCIAL PAPER - 4.1%**  | **COMMERCIAL PAPER - 4.1%**  | **COMMERCIAL PAPER - 4.1%**  |
| **Financial Services - 4.1%**  | **Financial Services - 4.1%**  | **Financial Services - 4.1%**  |
| Anglesea Funding LLC |  |  |
| 4.38% <sup>(I)</sup>, 11/07/2025 <sup>(A)</sup> <br>| 4250000 | 4231374 |
| Atlantic Asset Securitization LLC |  |  |
| 4.22% <sup>(I)</sup>, 12/10/2025 <sup>(A)</sup> <br>| 13250000 | 13143173 |
| Concord Minutemen Capital Co. LLC |  |  |
| 4.54% <sup>(I)</sup>, 10/01/2025 <sup>(A)</sup> <br>| 17594000 | 17591985 |
| MUFG Securities Canada Ltd. |  |  |
| 4.31% <sup>(I)</sup>, 01/22/2026 <sup>(A)</sup> <br>| 20000000 | 19742486 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **COMMERCIAL PAPER (continued)** | **COMMERCIAL PAPER (continued)** | **COMMERCIAL PAPER (continued)** |
| **Financial Services (continued)** | **Financial Services (continued)** | **Financial Services (continued)** |
| Versailles Commercial Paper LLC |  |  |
| 4.14% <sup>(I)</sup>, 12/12/2025 | $18000000 | $17849414 |
| &nbsp;&nbsp; **Total Commercial Paper** <br>**(Cost $72,560,319)**<br>|  | 72558432 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **OTHER INVESTMENT COMPANY - 0.8%**  | **OTHER INVESTMENT COMPANY - 0.8%**  | **OTHER INVESTMENT COMPANY - 0.8%**  |
| **Securities Lending Collateral - 0.8%**  | **Securities Lending Collateral - 0.8%**  | **Securities Lending Collateral - 0.8%**  |
| &nbsp;&nbsp; State Street Navigator Securities Lending <br> Trust - Government Money Market Portfolio, <br> 4.13% <sup>(I)</sup> <br>| 13095710 | 13095710 |
| &nbsp;&nbsp; **Total Other Investment Company** <br>**(Cost $13,095,710)** | &nbsp;&nbsp; **Total Other Investment Company** <br>**(Cost $13,095,710)** | 13095710 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **REPURCHASE AGREEMENT - 2.7%**  | **REPURCHASE AGREEMENT - 2.7%**  | **REPURCHASE AGREEMENT - 2.7%**  |
| &nbsp;&nbsp; Fixed Income Clearing Corp., <br>1.65% <sup>(I)</sup>, dated 09/30/2025, to be <br> repurchased at $47,737,004 on 10/01/2025. <br> Collateralized by a U.S. Government <br> Obligation, 4.25%, due 03/15/2027, and <br> with a value of $48,689,707.<br>| $47734816 | 47734816 |
| &nbsp;&nbsp; **Total Repurchase Agreement** <br>**(Cost $47,734,816)** | &nbsp;&nbsp; **Total Repurchase Agreement** <br>**(Cost $47,734,816)** | 47734816 |
| &nbsp;&nbsp; **Total Investments** <br>**(Cost $1,830,568,917)** | &nbsp;&nbsp; **Total Investments** <br>**(Cost $1,830,568,917)** | 1852041330 |
| **Net Other Assets (Liabilities) - (5.1)%** | **Net Other Assets (Liabilities) - (5.1)%** | (89046002) |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | **$1762995328** |

---

**INVESTMENT VALUATION:**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** <sup>(J)</sup> <br>|  |  |  |  |
|  | **Level 1 -** <br>**Unadjusted** <br>**Quoted Prices**<br>| **Level 2 -** <br>**Other Significant** <br>**Observable Inputs**<br>| **Level 3 -** <br>**Significant** <br>**Unobservable Inputs**<br>| **Value** |
| **ASSETS** |  |  |  |  |
| **Investments** |  |  |  |  |
| Corporate Debt Securities | $— | &nbsp;&nbsp; $770029625 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $770029625 |
| U.S. Government Obligations |  | &nbsp;&nbsp; 396722095 | &nbsp;&nbsp; — | &nbsp;&nbsp; 396722095 |
| Asset-Backed Securities |  | &nbsp;&nbsp; 203017022 | &nbsp;&nbsp; — | &nbsp;&nbsp; 203017022 |
| Mortgage-Backed Securities |  | &nbsp;&nbsp; 179080613 | &nbsp;&nbsp; — | &nbsp;&nbsp; 179080613 |
| U.S. Government Agency Obligations |  | &nbsp;&nbsp; 151368430 | &nbsp;&nbsp; — | &nbsp;&nbsp; 151368430 |
| Foreign Government Obligations |  | &nbsp;&nbsp; 17368258 | &nbsp;&nbsp; — | &nbsp;&nbsp; 17368258 |
| Loan Assignment |  | &nbsp;&nbsp; 1066329 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1066329 |
| Commercial Paper |  | &nbsp;&nbsp; 72558432 | &nbsp;&nbsp; — | &nbsp;&nbsp; 72558432 |
| Other Investment Company | 13095710 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 13095710 |
| Repurchase Agreement |  | &nbsp;&nbsp; 47734816 | &nbsp;&nbsp; — | &nbsp;&nbsp; 47734816 |
| **Total Investments** | **$13095710** | &nbsp;&nbsp; **$1838945620** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$1852041330** |

---

**Transamerica Series Trust**

**Page 11**

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**Transamerica Aegon Bond VP**

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**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

**FOOTNOTES TO SCHEDULE OF INVESTMENTS:** 

<sup>(A)</sup> *Security is exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Security may be resold as transactions exempt from* *registration, normally to qualified institutional buyers. At September 30, 2025, the total value of 144A securities is $735,800,558, representing 41.7% of* *the Portfolio's net assets.* 

<sup>(B)</sup> *Floating or variable rate security. The rate disclosed is as of September 30, 2025. For securities based on a published reference rate and spread, the* *reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate,* *where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and* *are based on current market conditions; these securities do not indicate a reference rate and spread in the description.* 

<sup>(C)</sup> *All or a portion of the security is on loan. The total value of the securities on loan is $12,821,065, collateralized by cash collateral of $13,095,710. The* *amount on loan indicated may not correspond with the securities on loan identified because a security with pending sales are in the process of recall* *from the brokers.* 

<sup>(D)</sup> *Perpetual maturity. The date displayed is the next call date.*

<sup>(E)</sup> *Payment in-kind. Security pays interest or dividends in the form of additional bonds or preferred stock. If the security makes a cash payment in addition* *to in-kind, the cash rate is disclosed separately.* 

<sup>(F)</sup> *When-issued, delayed-delivery and/or forward commitment (including TBAs) security. Security to be settled and delivered after September 30, 2025.* *Security may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.* 

<sup>(G)</sup> *Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside* *the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the* *registration requirements of the Securities Act of 1933. At September 30, 2025, the total value of the Regulation S securities is $5,051,880, representing* *0.3% of the Portfolio's net assets.* 

<sup>(H)</sup> *Security is subject to sale-buyback transactions. The average amount of sale-buybacks outstanding during the period ended September 30, 2025 was* *$0 at a weighted average interest rate of 0%.* 

<sup>(I)</sup> *Rate disclosed reflects the yield at September 30, 2025.*

<sup>(J)</sup> *There were no transfers in or out of Level 3 during the period ended September 30, 2025. Please reference the Investment Valuation section of the* *Notes to Schedule of Investments for more information regarding investment valuation and pricing inputs.* 

**PORTFOLIO ABBREVIATION(S):** 

---

| | |
|:---|:---|
| *CMT* | *Constant Maturity Treasury* |
| *MTA* | *Month Treasury Average* |
| *REIT* | *Real Estate Investment Trust* |
| *RFUCC* | *Refinitiv USD IBOR Consumer Cash Fallbacks* |
| *SOFR* | *Secured Overnight Financing Rate* |
| *STRIPS* | *Separate Trading of Registered Interest and Principal of Securities* |
| *TBA* | *To Be Announced* |

---

**Transamerica Series Trust**

**Page 12**

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**Transamerica Aegon Bond VP**

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**NOTES TO SCHEDULE OF INVESTMENTS**

**At September 30, 2025**

**(unaudited)**

**INVESTMENT VALUATION**

Transamerica Aegon Bond VP (the "Portfolio") is a series of the Transamerica Series Trust.

Transamerica Asset Management, Inc. ("TAM") has been designated as the Portfolio's valuation designee pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended, with responsibility for fair valuation subject to oversight by the Portfolio's Board of Trustees. The net asset value of the Portfolio is computed as of the official close of the New York Stock Exchange ("NYSE") each day the NYSE is open for business.

TAM utilizes various methods to measure the fair value of its investments on a recurring basis. Generally Accepted Accounting Principles in the United States of America establishes a hierarchy that prioritizes inputs to valuation methods. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The three levels ("Levels") of inputs of the fair value hierarchy are defined as follows:

Level 1—Unadjusted quoted prices in active markets for identical securities.

Level 2—Inputs, other than quoted prices included in Level 1, which are observable, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates, and similar data.

Level 3—Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, which may include TAM's own assumptions used in determining the fair value of the Portfolio's investments.

The inputs used to measure fair value may fall into different Levels of the fair value hierarchy. In such cases, for disclosure purposes, the Level in the fair value hierarchy that is assigned to the fair value measurement of a security is determined based on the lowest Level input that is significant to the fair value measurement in its entirety. Certain investments that are measured at fair value using Net Asset Value ("NAV") per share, or its equivalent, using the "practical expedient" have not been classified in the fair value Levels. The hierarchy classification of inputs used to value the Portfolio's investments at September 30, 2025, is disclosed within the Investment Valuation section of the Schedule of Investments.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, but not limited to, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is generally greatest for instruments categorized in Level 3. Due to the inherent uncertainty of valuation, the determination of values may differ significantly from values that would have been realized had a ready market for investments existed, and the differences could be material.

**Fair value measurements:** Descriptions of the valuation techniques applied to the Portfolio's significant categories of assets and liabilities measured at fair value on a recurring basis are as follows:

*Asset-backed securities:* The fair value of asset-backed securities is estimated based on models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield, and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.

*Commercial paper:* Commercial paper is valued using amortized cost, which approximates fair value. The values are generally categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

*Corporate debt securities:* The fair value of corporate debt securities is estimated using various techniques, which consider recently executed transactions in securities of the issuer or comparable issuers, market price quotations (where observable), bond spreads, fundamental data relating to the issuer, and credit default swap spreads adjusted for any basis difference between cash and derivative instruments. While most corporate debt securities are categorized in Level 2 of the fair value hierarchy, in instances where lower relative weight is placed on transaction prices, quotations, or similar observable inputs, they are categorized in Level 3.

**Transamerica Series Trust**

**Page 13**

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**Transamerica Aegon Bond VP**

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**NOTES TO SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

*Foreign government obligations:* Foreign government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. Foreign government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

*Loan assignments:* Loan assignments are normally valued using an income approach, which projects future cash flows and converts those future cash flows to a present value using a discount rate. The resulting present value reflects the likely fair value of the loan. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise are categorized in Level 3.

*Mortgage-backed securities:* The fair value of mortgage-backed securities is estimated based on models that consider issuer type, coupon, cash flows, mortgage prepayment projection tables and adjustable rate mortgage evaluations that incorporate index data, periodic life caps and the next coupon reset date. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they are categorized in Level 3.

*U.S. government agency obligations:* U.S. government agency obligations are comprised of two main categories consisting of agency issued debt and mortgage pass-throughs. Generally, agency issued debt securities are valued in a manner similar to U.S. government obligations. Mortgage pass-throughs include to be announced ("TBA") securities and mortgage pass-through certificates. Generally, TBA securities and mortgage pass-throughs are valued using dealer quotations. Depending on market activity levels and whether quotations or other observable data are used, these securities are typically categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.

*U.S. government obligations:* U.S. government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. U.S. government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

*Securities lending collateral:* Securities lending collateral is invested in a money market fund which is valued at the actively traded NAV and no valuation adjustments are applied. Securities lending collateral is categorized in Level 1 of the fair value hierarchy.

*Repurchase agreements:* Repurchase agreements are valued at cost, which approximates fair value. To the extent the inputs are observable and timely, the values are generally categorized in Level 2 of the fair value hierarchy.

**Transamerica Series Trust**

**Page 14**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** TRANSAMERICA SERIES TRUST

- **b. Investment Company Act file number:** 811-04419

- **c. CIK number of Registrant:** 0000778207

- **d. LEI of Registrant:** 5493000QR1WGXIM5V222

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

  - **Street Address 1:** 1801 CALIFORNIA STREET

  - **City:** DENVER

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80202

  - **Telephone number:** 720-493-4256

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

- **a. Name of Series:** Transamerica Aegon Bond VP

- **b. EDGAR series identifier (if any):** S000007911

- **c. LEI of Series:** JG2TUH0Q6HM6T4LE7X38

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $1851386005.53

**Total Liabilities:** $114405462.64

**Net Assets:** $1736980542.89

**Delayed Delivery Securities:** $84690320.70

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -2853.50000000 | **1-Year:** -51684.46000000 | **5-Year:** -156769.71000000 | **10-Year:** -177982.93000000 | **30-Year:** -41973.40000000

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

- **3-Month:** -986.77000000 | **1-Year:** -17594.82000000 | **5-Year:** -40758.14000000 | **10-Year:** -17620.72000000 | **30-Year:** -254.67000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000021468 | -0.10%               | 1.08%                | 1.19%                |
| Class ID C000021467 | -0.10%               | 1.14%                | 1.18%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $554863.41               | $-8735400.52                               |
| Month 2  | $548978.17               | $11725048.59                               |
| Month 3  | $3444521.44              | $10323225.75                               |

### 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 Grand Vacations Trust                 | Hilton Grand Vacations Trust                                                  | CUSIP: 43285JAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3870664 | PA      | $3878968.88   | 0.22%             | 2044-05-25      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| SAFEHOLD GL HOLDINGS LLC                     | Safehold GL Holdings LLC                                                      | CUSIP: 785931AA4<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              |  | US        |   2647000 | PA      | $2788528.71   | 0.16%             | 2034-04-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS I LLC                         | QTS Issuer ABS I LLC                                                          | CUSIP: 74690DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4625000 | PA      | $4723730.34   | 0.27%             | 2055-05-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co.                                                          | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3599000 | PA      | $3731018.52   | 0.21%             | 2036-07-23      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                    | Towd Point Mortgage Trust                                                     | CUSIP: 89175JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4510701 | PA      | $4440346.35   | 0.26%             | 2057-10-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810TL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5449000 | PA      | $4822152.16   | 0.28%             | 2052-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                | Boeing Co.                                                                    | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1734000 | PA      | $1977979.18   | 0.11%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                 | Comcast Corp.                                                                 | CUSIP: 20030NCT6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   3071000 | PA      | $3080012.96   | 0.18%             | 2028-10-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                     | Vantage Data Centers LLC                                                      | CUSIP: 92212KAH9<br>LEI: 5493000RL8X7WTQ7HO20 | Long             | ABS-O            | CORP              | US        |   9170000 | PA      | $9216443.30   | 0.53%             | 2055-08-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                     | Avolon Holdings Funding Ltd.                                                  | CUSIP: 05401ABA8<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   3346000 | PA      | $3364307.40   | 0.19%             | 2030-10-10      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MUFG SECURITIES CA                           | MUFG Securities Canada Ltd.                                                   | CUSIP: 62479VAN3<br>LEI: 549300Y1PMK3RWXMWR72 | Long             | STIV             | CORP              | CA        |  20000000 | PA      | $19742486.00  | 1.14%             | 2026-01-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust          | New Residential Mortgage Loan Trust                                           | CUSIP: 64830DAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4153974 | PA      | $4084118.51   | 0.24%             | 2057-12-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| HCA INC                                      | HCA, Inc.                                                                     | CUSIP: 404119CU1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2032000 | PA      | $2109388.07   | 0.12%             | 2034-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810SN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  38394200 | PA      | $18832654.96  | 1.08%             | 2050-05-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                      | Dryden 80 CLO Ltd.                                                            | CUSIP: 26245JBA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6200000 | PA      | $6201810.40   | 0.36%             | 2033-01-17      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX                        | Chile Electricity Lux MPC II SARL                                             | CUSIP: 16882LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   3539546 | PA      | $3655566.25   | 0.21%             | 2035-10-20      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810RN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7972000 | PA      | $6057785.76   | 0.35%             | 2045-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| PRIMO / TRITON WATER HLD                     | Primo Water Holdings, Inc./Triton Water Holdings, Inc.                        | CUSIP: 74168RAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5086000 | PA      | $4932926.35   | 0.28%             | 2029-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Owens Corning                                | Owens Corning                                                                 | CUSIP: 690742AG6<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |   2888000 | PA      | $2380021.19   | 0.14%             | 2047-07-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC            | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 826935AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    835288 | PA      | $841990.49    | 0.05%             | 2043-01-20      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                     | OBX Trust                                                                     | CUSIP: 67118TAA2<br>LEI: 254900LSNFNEGAD7J679 | Long             | ABS-MBS          | CORP              | US        |   3239517 | PA      | $3273298.57   | 0.19%             | 2064-01-25      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                             | MGM Resorts International                                                     | CUSIP: 552953CH2<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   2066000 | PA      | $2049898.63   | 0.12%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                   | Verus Securitization Trust                                                    | CUSIP: 924925AA8<br>LEI: 213800HQOHEFNJCQYJ07 | Long             | ABS-MBS          | CORP              | US        |   7293826 | PA      | $7304618.95   | 0.42%             | 2069-09-25      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                              | Cigna Group                                                                   | CUSIP: 125523CL2<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   1728000 | PA      | $1594952.43   | 0.09%             | 2030-03-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                       | NXP BV/NXP Funding LLC/NXP USA, Inc.                                          | CUSIP: 62954HBH0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   3830000 | PA      | $3869102.12   | 0.22%             | 2035-08-19      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co.                                                          | CUSIP: 46647PEB8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   6360000 | PA      | $6515506.26   | 0.38%             | 2030-01-23      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                     | Cheniere Energy Partners LP                                                   | CUSIP: 16411QAK7<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   3621000 | PA      | $3491976.75   | 0.20%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TYCO ELECTRONICS GROUP S                     | Tyco Electronics Group SA                                                     | CUSIP: 902133BD8<br>LEI: C33G1C5SYE2YM95EE712 | Long             | DBT              | CORP              | LU        |   3440000 | PA      | $3490293.49   | 0.20%             | 2035-05-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust                           | Aqua Finance Trust                                                            | CUSIP: 03842VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2402200 | PA      | $2226581.54   | 0.13%             | 2046-07-17      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust          | Citigroup Commercial Mortgage Trust                                           | CUSIP: 17325DAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    320234 | PA      | $319579.87    | 0.02%             | 2049-10-10      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance II LLC                      | Bayer U.S. Finance II LLC                                                     | CUSIP: 07274NAZ6<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   1934000 | PA      | $1795442.28   | 0.10%             | 2034-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                          | Petroleos Mexicanos                                                           | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   3043000 | PA      | $3095211.79   | 0.18%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                       | Roper Technologies, Inc.                                                      | CUSIP: 776696AJ5<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2878270.63   | 0.17%             | 2034-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                      | Capital Automotive REIT                                                       | CUSIP: 12510HAZ3<br>LEI: N/A                  | Long             | ABS-O            |  | US        |   6096000 | PA      | $5937709.60   | 0.34%             | 2054-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| EMBRAER NETHERLANDS FINA                     | Embraer Netherlands Finance BV                                                | CUSIP: 29082HAD4<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |   2524000 | PA      | $2761647.22   | 0.16%             | 2030-07-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                | CommScope LLC                                                                 | CUSIP: 203372AX5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |   4608000 | PA      | $4578416.64   | 0.26%             | 2029-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                          | General Electric Co.                                                          | CUSIP: 369604BH5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |   3758000 | PA      | $3437135.35   | 0.20%             | 2044-03-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                               | NCR Voyix Corp.                                                               | CUSIP: 62886EAY4<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |   1582000 | PA      | $1558361.72   | 0.09%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                       | Pacific Gas & Electric Co.                                                    | CUSIP: 694308HW0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    400000 | PA      | $391469.74    | 0.02%             | 2027-12-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| CROWDSTRIKE HOLDINGS INC                     | Crowdstrike Holdings, Inc.                                                    | CUSIP: 22788CAA3<br>LEI: 549300YBY08K9KM4HX32 | Long             | DBT              | CORP              | US        |   1311000 | PA      | $1249198.35   | 0.07%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                           | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21763000 | PA      | $20231939.00  | 1.16%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                 | Barclays PLC                                                                  | CUSIP: 06738ECZ6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1736000 | PA      | $1811715.36   | 0.10%             | 2036-02-25      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                  | Hertz Vehicle Financing III LLC                                               | CUSIP: 42806MCA5<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   4220000 | PA      | $4298840.99   | 0.25%             | 2028-02-25      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                              | MVW LLC                                                                       | CUSIP: 55389TAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2368639 | PA      | $2281054.11   | 0.13%             | 2041-01-22      | Fixed         | 1.44%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                        | Wells Fargo & Co.                                                             | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3114000 | PA      | $3267990.79   | 0.19%             | 2036-04-23      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                      | GLP Capital LP/GLP Financing II, Inc.                                         | CUSIP: 361841AV1<br>LEI: N/A                  | Long             | DBT              |  | US        |   3204000 | PA      | $3209222.52   | 0.18%             | 2033-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                     | AerCap Ireland Capital DAC/AerCap Global Aviation Trust                       | CUSIP: 00774MBM6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1941000 | PA      | $1932086.09   | 0.11%             | 2034-09-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                              | SBA Tower Trust                                                               | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              |  | US        |   4556000 | PA      | $4678015.15   | 0.27%             | 2028-01-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                        | Micron Technology, Inc.                                                       | CUSIP: 595112CD3<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |   3581000 | PA      | $3705598.03   | 0.21%             | 2031-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC            | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 82652QAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    473586 | PA      | $469768.08    | 0.03%             | 2037-11-20      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                           | Dominican Republic International Bonds                                        | CUSIP: 25714PEF1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1489000 | PA      | $1420952.70   | 0.08%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10714400 | PA      | $10781365.00  | 0.62%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Home Equity Asset Trust                      | Home Equity Asset Trust                                                       | CUSIP: 437084CZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    596719 | PA      | $594963.01    | 0.03%             | 2034-10-25      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                             | Symphony CLO XIX Ltd.                                                         | CUSIP: 87165YAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2634764 | PA      | $2636070.47   | 0.15%             | 2031-04-16      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                             | CIFC Funding Ltd.                                                             | CUSIP: 12551JAL0<br>LEI: 254900JEH56UBUEZJW15 | Long             | ABS-CBDO         | CORP              | KY        |   1413387 | PA      | $1415083.08   | 0.08%             | 2030-10-24      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                   | MFA Trust                                                                     | CUSIP: 55283QAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3355433 | PA      | $3074342.08   | 0.18%             | 2060-07-25      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| UZBEK INDUSTRIAL AND CON                     | Uzbek Industrial & Construction Bank ATB                                      | CUSIP: 917935AA6<br>LEI: 213800C2NIFPFTXYIU69 | Long             | DBT              | CORP              | UZ        |   3908000 | PA      | $4231065.41   | 0.24%             | 2029-07-24      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| TAKEDA US FIN                                | Takeda U.S. Financing, Inc.                                                   | CUSIP: 87406BAA0<br>LEI: 254900ZGPIBGBZ2N3A33 | Long             | DBT              | CORP              | US        |   2965000 | PA      | $3013742.29   | 0.17%             | 2035-07-07      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                 | Broadcom, Inc.                                                                | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   4343000 | PA      | $3757414.37   | 0.22%             | 2035-11-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                 | UBS Group AG                                                                  | CUSIP: 225401BM9<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2221000 | PA      | $2213464.95   | 0.13%             | 2031-09-23      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                           | CUSIP: 91282CLD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    848000 | PA      | $860885.62    | 0.05%             | 2031-07-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810QA9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12985000 | PA      | $11879246.09  | 0.68%             | 2039-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC            | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 826935AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1368181 | PA      | $1385032.29   | 0.08%             | 2043-01-20      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| ARCELORMITTAL SA                             | ArcelorMittal SA                                                              | CUSIP: 03938LBE3<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |   3568000 | PA      | $3722934.41   | 0.21%             | 2027-11-29      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC                        | Amrize Finance U.S. LLC                                                       | CUSIP: 43475RAD8<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |   1949000 | PA      | $2007736.62   | 0.12%             | 2035-04-07      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                        | Truist Financial Corp.                                                        | CUSIP: 89788MAM4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   3995000 | PA      | $4058918.40   | 0.23%             | 2034-01-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS                     | Huntington Ingalls Industries, Inc.                                           | CUSIP: 446413AZ9<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |   3511000 | PA      | $3297545.91   | 0.19%             | 2028-08-16      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                  | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DWHT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14504812 | PA      | $14661171.79  | 0.84%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                           | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4240600 | PA      | $4279693.03   | 0.25%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                       | Reperforming Loan Trust REMICS                                                | CUSIP: 12669UCN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    626775 | PA      | $593659.29    | 0.03%             | 2036-01-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Federal National Mortgage Association                                         | CUSIP: 31406L3C0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       949 | PA      | $970.42       | 0.00%             | 2035-10-01      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                 | Barclays PLC                                                                  | CUSIP: 06738ECC7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   3777000 | PA      | $3785696.13   | 0.22%             | 2026-11-02      | Fixed         | 7.33%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                          | Intesa Sanpaolo SpA                                                           | CUSIP: 46115HBV8<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   2571000 | PA      | $3034119.42   | 0.17%             | 2033-11-21      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LKQ CORP                                     | LKQ Corp.                                                                     | CUSIP: 501889AF6<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | DBT              | CORP              | US        |   1731000 | PA      | $1847230.40   | 0.11%             | 2033-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| NCR VOYIX CORP                               | NCR Voyix Corp.                                                               | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    695000 | PA      | $683824.61    | 0.04%             | 2029-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                  | Hertz Vehicle Financing III LP                                                | CUSIP: 42806MAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6290000 | PA      | $6110531.83   | 0.35%             | 2027-12-27      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Banc of America Merrill Lynch Large Loan Inc | BAMLL Commercial Mortgage Securities Trust                                    | CUSIP: 05492PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2081207 | PA      | $1973242.51   | 0.11%             | 2032-11-05      | Fixed         | 3.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Federal National Mortgage Association                                         | CUSIP: 3140J6GM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    152076 | PA      | $146209.32    | 0.01%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9618000 | PA      | $6889268.18   | 0.40%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                              | Fair Isaac Corp.                                                              | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   1141000 | PA      | $1155197.66   | 0.07%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                       | Verizon Communications, Inc.                                                  | CUSIP: 92343VGH1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2247000 | PA      | $2143284.68   | 0.12%             | 2028-03-22      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810TV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1282000 | PA      | $1284203.44   | 0.07%             | 2053-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                        | Foundry JV Holdco LLC                                                         | CUSIP: 350930AA1<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   2427000 | PA      | $2528367.90   | 0.15%             | 2034-01-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                                     | OZLM XXIV Ltd.                                                                | CUSIP: 67113DAW4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2694732 | PA      | $2694481.74   | 0.16%             | 2032-07-20      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810TQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3128000 | PA      | $2839026.57   | 0.16%             | 2043-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                       | Aviation Capital Group LLC                                                    | CUSIP: 05369AAA9<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1964188.02   | 0.11%             | 2027-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810SL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25475000 | PA      | $15234248.96  | 0.88%             | 2050-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STOR                            | Seagate Data Storage Technology Pte. Ltd.                                     | CUSIP: 81180LAK1<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   2036000 | PA      | $1969684.98   | 0.11%             | 2029-06-01      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                              | Cigna Group                                                                   | CUSIP: 125523CZ1<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   2739000 | PA      | $2773905.76   | 0.16%             | 2036-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                    | Towd Point Mortgage Trust                                                     | CUSIP: 89173UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2706800 | PA      | $2651537.79   | 0.15%             | 2057-06-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| JM SMUCKER CO                                | J.M. Smucker Co.                                                              | CUSIP: 832696AY4<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |   1670000 | PA      | $1821169.10   | 0.10%             | 2043-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810RT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5162000 | PA      | $3444021.88   | 0.20%             | 2046-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| INVEST ENERGY RES LTD                        | Investment Energy Resources Ltd.                                              | CUSIP: 46143NAB6<br>LEI: 254900A71Y7WHN7L5K89 | Long             | DBT              | CORP              | BM        |   1588000 | PA      | $1581614.83   | 0.09%             | 2029-04-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WEYERHAEUSER CO                              | Weyerhaeuser Co.                                                              | CUSIP: 962166BY9<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              |  | US        |   3073000 | PA      | $3030561.53   | 0.17%             | 2030-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                 | State Street Navigator Securities Lending Government Money Market Portfolio   | CUSIP: 857509301<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |  13116265 | NS      | $13116265.00  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                           | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20237900 | PA      | $20473481.70  | 1.18%             | 2032-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                             | T-Mobile USA, Inc.                                                            | CUSIP: 87264ADF9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1867000 | PA      | $1909894.53   | 0.11%             | 2034-04-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810QX9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23081000 | PA      | $17962607.99  | 1.03%             | 2042-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                | ZF North America Capital, Inc.                                                | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   2374000 | PA      | $2272883.74   | 0.13%             | 2032-04-23      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CLOVERIE PLC ZURICH INS                      | Cloverie PLC for Zurich Insurance Co. Ltd.                                    | CUSIP: 000000000<br>LEI: 5493002N598MXOKUEF55 | Long             | DBT              | CORP              | IE        |   5029000 | PA      | $5051879.59   | 0.29%             | 2046-06-24      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                           | CUSIP: 91282CNR8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12900000 | PA      | $12960468.75  | 0.75%             | 2032-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                       | GE HealthCare Technologies, Inc.                                              | CUSIP: 36266GAA5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   1696000 | PA      | $1729320.82   | 0.10%             | 2029-08-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD GRP/CO                     | JBS USA Holding Lux SARL/JBS USA Foods Group Holdings, Inc./JBS USA Food Co.  | CUSIP: 472140AE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4239000 | PA      | $4328909.19   | 0.25%             | 2036-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                            | Brown & Brown, Inc.                                                           | CUSIP: 115236AM3<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   3404000 | PA      | $3501529.71   | 0.20%             | 2035-06-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                      | Dell International LLC/EMC Corp.                                              | CUSIP: 24703DBQ3<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   2846000 | PA      | $2800641.45   | 0.16%             | 2035-02-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group, Inc.                                                     | CUSIP: 38141GYN8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3921000 | PA      | $3526272.58   | 0.20%             | 2032-10-21      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Federal National Mortgage Association                                         | CUSIP: 3140XKUQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7939152 | PA      | $7924952.72   | 0.46%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CARGILL INC                                  | Cargill, Inc.                                                                 | CUSIP: 141781CD4<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |   2709000 | PA      | $2790655.60   | 0.16%             | 2035-02-11      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| VERSAILLES COM PAPER LLC                     | Versailles Commercial Paper LLC                                               | CUSIP: 92512LZC8<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  18000000 | PA      | $17849413.80  | 1.03%             | 2025-12-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                          | Medline Borrower LP                                                           | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   1821000 | PA      | $1756252.49   | 0.10%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                       | Republic of Uzbekistan International Bonds                                    | CUSIP: 91822Q2E6<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |   2745000 | PA      | $2521317.50   | 0.15%             | 2031-10-19      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| ALLSTATE CORP                                | Allstate Corp.                                                                | CUSIP: 020002BL4<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |   2704000 | PA      | $2780379.43   | 0.16%             | 2029-06-24      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                    | Amgen, Inc.                                                                   | CUSIP: 031162DA5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   2011000 | PA      | $1479247.36   | 0.09%             | 2041-08-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                         | M&T Bank Corp.                                                                | CUSIP: 55261FAS3<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   1587000 | PA      | $1723982.76   | 0.10%             | 2029-10-30      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                     | Builders FirstSource, Inc.                                                    | CUSIP: 12008RAR8<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   1654000 | PA      | $1709658.75   | 0.10%             | 2032-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                  | Ivory Coast Government International Bonds                                    | CUSIP: 221625AU0<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |   3772000 | PA      | $3933666.18   | 0.23%             | 2037-01-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                    | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F0206A2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  45910000 | PA      | $36992641.77  | 2.13%             | 2055-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7615000 | PA      | $7544204.26   | 0.43%             | 2044-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                           | CUSIP: 91282CKF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    738000 | PA      | $749934.85    | 0.04%             | 2031-03-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT                       | HAT Holdings I LLC/HAT Holdings II LLC                                        | CUSIP: 418751AE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2620000 | PA      | $2594402.57   | 0.15%             | 2026-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Federal National Mortgage Association                                         | CUSIP: 31405U2C2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       578 | PA      | $583.16       | 0.00%             | 2034-12-01      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| GEORGIA-PACIFIC LLC                          | Georgia-Pacific LLC                                                           | CUSIP: 37331NAT8<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |   1722000 | PA      | $1766678.03   | 0.10%             | 2032-06-30      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                          | Elevance Health, Inc.                                                         | CUSIP: 036752BL6<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   1938000 | PA      | $1920856.10   | 0.11%             | 2055-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: —       |
| PNC FINANCIAL SERVICES                       | PNC Financial Services Group, Inc.                                            | CUSIP: 693475BS3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   3013000 | PA      | $3231868.87   | 0.19%             | 2034-08-18      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                              | CVS Health Corp.                                                              | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   3902000 | PA      | $4096096.95   | 0.24%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                        | Wells Fargo & Co.                                                             | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3248000 | PA      | $3360406.10   | 0.19%             | 2031-01-24      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Certificates      | WaMu Mortgage Pass-Through Certificates Trust                                 | CUSIP: 92922F4M7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    467754 | PA      | $462742.17    | 0.03%             | 2045-10-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                       | Philip Morris International, Inc.                                             | CUSIP: 718172BL2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   3010000 | PA      | $2592746.97   | 0.15%             | 2044-11-10      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Inflation-Protected Indexed Bonds                               | CUSIP: 912810TP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2996087 | PA      | $2396811.99   | 0.14%             | 2053-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                 | Synopsys, Inc.                                                                | CUSIP: 871607AE7<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   1825000 | PA      | $1856489.21   | 0.11%             | 2035-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                     | OBX Trust                                                                     | CUSIP: 67120VAA3<br>LEI: 2549006BC0G3YEF5SL09 | Long             | ABS-MBS          | CORP              | US        |   2010876 | PA      | $2028975.98   | 0.12%             | 2064-11-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| MOSAIC CO                                    | Mosaic Co.                                                                    | CUSIP: 61945CAG8<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | DBT              | CORP              | US        |   1104000 | PA      | $1100861.37   | 0.06%             | 2027-11-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC            | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 82650BAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1405395 | PA      | $1437196.09   | 0.08%             | 2040-04-20      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| KROGER CO                                    | Kroger Co.                                                                    | CUSIP: 501044DV0<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |   2049000 | PA      | $2066395.33   | 0.12%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC                        | Amrize Finance U.S. LLC                                                       | CUSIP: 43475RAK2<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $974578.50    | 0.06%             | 2046-09-22      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WP CAREY INC                                 | WP Carey, Inc.                                                                | CUSIP: 92936UAM1<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |   2722000 | PA      | $2789216.01   | 0.16%             | 2034-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| First National Master Note Trust             | First National Master Note Trust                                              | CUSIP: 32113CBV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8210000 | PA      | $8253404.63   | 0.48%             | 2029-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                       | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico     | CUSIP: 05533UAG3<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |   2450000 | PA      | $2455135.20   | 0.14%             | 2034-09-13      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| 321 Henderson Receivables LLC                | 321 Henderson Receivables VI LLC                                              | CUSIP: 88576XAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1198308 | PA      | $1206246.87   | 0.07%             | 2059-07-15      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                             | LPL Holdings, Inc.                                                            | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   2944000 | PA      | $2879042.70   | 0.17%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2517000 | PA      | $2597162.95   | 0.15%             | 2035-07-19      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810SH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5901000 | PA      | $4304963.91   | 0.25%             | 2049-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| IHS MAURITIUS NG HOLDCO                      | IHS Netherlands Holdco BV                                                     | CUSIP: 44963LAC0<br>LEI: 5493006Z6YQYCCN2XI74 | Long             | DBT              | CORP              | NL        |   1548882 | PA      | $1550160.86   | 0.09%             | 2027-09-18      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                     | OBX Trust                                                                     | CUSIP: 67118XAA3<br>LEI: 254900LMIQVUH9BFZJ05 | Long             | ABS-MBS          | CORP              | US        |   3235308 | PA      | $3285643.54   | 0.19%             | 2064-02-25      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                | Carnival Corp.                                                                | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1393000 | PA      | $1417625.45   | 0.08%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ATLANTIC ASSET SEC LLC                       | Atlantic Asset Securitization LLC                                             | CUSIP: 04821TZA6<br>LEI: 549300BUNY5BIX4CVW20 | Long             | STIV             | CORP              | US        |  13250000 | PA      | $13143173.20  | 0.76%             | 2025-12-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wellfleet CLO Ltd                            | Wellfleet CLO Ltd.                                                            | CUSIP: 94950NAY8<br>LEI: 254900IGQ7EODCWHCM84 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3002103.00   | 0.17%             | 2032-07-20      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| BLACK HILLS CORP                             | Black Hills Corp.                                                             | CUSIP: 092113AY5<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |   1356000 | PA      | $1355935.52   | 0.08%             | 2031-01-31      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC     | Avis Budget Rental Car Funding AESOP LLC                                      | CUSIP: 05377RHY3<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   5270000 | PA      | $5450436.90   | 0.31%             | 2030-06-20      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                    | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F0526A5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  12361000 | PA      | $12462829.55  | 0.72%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                        | Foundry JV Holdco LLC                                                         | CUSIP: 350930AG8<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   2601000 | PA      | $2742716.84   | 0.16%             | 2033-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC            | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 82653HAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1065630 | PA      | $1076293.17   | 0.06%             | 2044-04-20      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| ANGLESEA FUNDING LLC                         | Anglesea Funding LLC                                                          | CUSIP: 0347M2Y75<br>LEI: 549300JC7SH8MD7E2Z33 | Long             | STIV             | CORP              | US        |   4250000 | PA      | $4231373.53   | 0.24%             | 2025-11-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                     | OBX Trust                                                                     | CUSIP: 673918AC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4000157.60   | 0.23%             | 2065-09-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                             | COLT Mortgage Loan Trust                                                      | CUSIP: 19688WAA6<br>LEI: 213800KKXAZ8LJ3W5A65 | Long             | ABS-MBS          | CORP              | US        |   1596964 | PA      | $1614939.19   | 0.09%             | 2069-07-25      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                    | ONEOK, Inc.                                                                   | CUSIP: 682680BG7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   3533000 | PA      | $3785828.37   | 0.22%             | 2032-11-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                             | BAT Capital Corp.                                                             | CUSIP: 05526DCC7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   4058000 | PA      | $4216275.63   | 0.24%             | 2035-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                     | Aptiv Swiss Holdings Ltd.                                                     | CUSIP: 00217GAB9<br>LEI: 254900HTTDFIJZ32GX53 | Long             | DBT              | CORP              | JE        |   1682000 | PA      | $1547078.10   | 0.09%             | 2032-03-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SENSATA TECH INC                             | Sensata Technologies, Inc.                                                    | CUSIP: 81728UAA2<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |   3358000 | PA      | $3240993.85   | 0.19%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                     | United Wholesale Mortgage LLC                                                 | CUSIP: 91153LAA5<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |   4479000 | PA      | $4477394.73   | 0.26%             | 2025-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                 | Calpine Corp.                                                                 | CUSIP: 131347CR5<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   4043000 | PA      | $3850639.72   | 0.22%             | 2031-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                             | LPL Holdings, Inc.                                                            | CUSIP: 50212YAJ3<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1695000 | PA      | $1726956.43   | 0.10%             | 2027-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                           | Expand Energy Corp.                                                           | CUSIP: 845467AS8<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |   1363000 | PA      | $1385910.79   | 0.08%             | 2030-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| EATON CAPITAL ULC                            | Eaton Capital ULC                                                             | CUSIP: 27806HAA9<br>LEI: 549300OLS85LSODKAF64 | Long             | DBT              | CORP              | IE        |   1440000 | PA      | $1454927.47   | 0.08%             | 2030-05-09      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                      | Exxon Mobil Corp.                                                             | CUSIP: 30231GAT9<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |   1539000 | PA      | $1532993.94   | 0.09%             | 2026-03-01      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                      | Bristol-Myers Squibb Co.                                                      | CUSIP: 110122EL8<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   1345000 | PA      | $1333870.10   | 0.08%             | 2064-02-22      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810UB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15172000 | PA      | $15061173.24  | 0.87%             | 2044-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                           | Ingersoll Rand, Inc.                                                          | CUSIP: 45687VAF3<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |   2536000 | PA      | $2644124.39   | 0.15%             | 2034-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp.                                                         | CUSIP: 06051GLS6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5587000 | PA      | $5842299.53   | 0.34%             | 2029-09-15      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                             | Duke Energy Corp.                                                             | CUSIP: 26441CBW4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1343000 | PA      | $1367665.42   | 0.08%             | 2027-12-08      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                     | Capital One Financial Corp.                                                   | CUSIP: 14040HDH5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   4621000 | PA      | $4846401.43   | 0.28%             | 2035-07-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                           | Meta Platforms, Inc.                                                          | CUSIP: 30303M8M7<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   2840000 | PA      | $2931744.10   | 0.17%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| NuStar Logistics LP                          | NuStar Logistics LP                                                           | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3018409.50   | 0.17%             | 2027-04-28      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| HarborView Mortgage Loan Trust               | HarborView Mortgage Loan Trust                                                | CUSIP: 41161VAC4<br>LEI: 549300SZXFEQICAU3R39 | Long             | ABS-MBS          | CORP              | US        |     94827 | PA      | $83465.75     | 0.00%             | 2046-09-19      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| VERALTO CORP                                 | Veralto Corp.                                                                 | CUSIP: 92338CAF0<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |   2599000 | PA      | $2717822.38   | 0.16%             | 2033-09-18      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                     | Hilton Domestic Operating Co., Inc.                                           | CUSIP: 432833AJ0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   3076000 | PA      | $2959095.36   | 0.17%             | 2029-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                 | UBS Group AG                                                                  | CUSIP: 902613BQ0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   4916000 | PA      | $5117101.66   | 0.29%             | 2036-05-09      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                     | OBX Trust                                                                     | CUSIP: 67119XAC8<br>LEI: 254900C7ZCEHM7Y5MX79 | Long             | ABS-MBS          | CORP              | US        |   2634847 | PA      | $2634164.14   | 0.15%             | 2064-09-25      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                       | Marriott International, Inc.                                                  | CUSIP: 571903BH5<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   2277000 | PA      | $1977024.76   | 0.11%             | 2033-10-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                            | General Motors Co.                                                            | CUSIP: 37045VBC3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    575000 | PA      | $588315.36    | 0.03%             | 2028-04-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CORP FINANCIERA DE DESAR                     | Corp. Financiera de Desarrollo SA                                             | CUSIP: 21987DAH7<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |   1837000 | PA      | $1888344.15   | 0.11%             | 2030-05-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MX REMIT FUND FIDUC EST                      | Mexico Remittances Funding Fiduciary Estate Management SARL                   | CUSIP: 593035AB4<br>LEI: 54930007WQ6S3GFCM563 | Long             | DBT              | CORP              | LU        |   5171000 | PA      | $5262061.31   | 0.30%             | 2031-10-15      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Federal National Mortgage Association                                         | CUSIP: 3140QUVB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9591947 | PA      | $9834501.25   | 0.57%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust          | New Residential Mortgage Loan Trust                                           | CUSIP: 64829LAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2337220 | PA      | $2246750.69   | 0.13%             | 2056-11-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                  | Federal Home Loan Mortgage Corp.                                              | CUSIP: 31334YHW0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    506916 | PA      | $468240.46    | 0.03%             | 2049-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Federal National Mortgage Association                                         | CUSIP: 31406TV99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     36004 | PA      | $36344.03     | 0.00%             | 2035-05-01      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                            | GXO Logistics, Inc.                                                           | CUSIP: 36262GAD3<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |   4245000 | PA      | $3783334.94   | 0.22%             | 2031-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                     | AerCap Ireland Capital DAC/AerCap Global Aviation Trust                       | CUSIP: 00774MAL9<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1791000 | PA      | $1790793.05   | 0.10%             | 2026-04-03      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| LABORATORY CORP OF AMER                      | Laboratory Corp. of America Holdings                                          | CUSIP: 50540RBB7<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |   3660000 | PA      | $3631593.02   | 0.21%             | 2034-10-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                | Boeing Co.                                                                    | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1852000 | PA      | $2047323.33   | 0.12%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| REPSOL E&P CAP MARKETS                       | Repsol E&P Capital Markets U.S. LLC                                           | CUSIP: 76026AAC1<br>LEI: 894500D0J12FRZ3Q0M15 | Long             | DBT              | CORP              | US        |   3283000 | PA      | $3342714.55   | 0.19%             | 2035-09-16      | Fixed         | 5.98%                 | No            |                  2 | On Loan: —       |
| General Motors Co                            | General Motors Co.                                                            | CUSIP: 37045VAF7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   2096000 | PA      | $2131487.29   | 0.12%             | 2043-10-02      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                        | Bausch Health Cos., Inc.                                                      | CUSIP: 071734AJ6<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   4435000 | PA      | $3126675.00   | 0.18%             | 2030-01-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ASP UNIFRAX HOLDINGS INC                     | ASP Unifrax Holdings, Inc.                                                    | CUSIP: 00218LAH4<br>LEI: 549300RRU6BWJLD0YT71 | Long             | DBT              | CORP              | US        |    729798 | PA      | $287532.32    | 0.02%             | 2029-09-30      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                             | CSC Holdings LLC                                                              | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   2712000 | PA      | $1763546.72   | 0.10%             | 2031-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                     | OBX Trust                                                                     | CUSIP: 67448NAA6<br>LEI: 254900RDM4XSF0B1E373 | Long             | ABS-MBS          | CORP              | US        |   1261762 | PA      | $1274264.07   | 0.07%             | 2064-01-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                        | Tenet Healthcare Corp.                                                        | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1190000 | PA      | $1187816.09   | 0.07%             | 2027-11-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC            | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 82653HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2220061 | PA      | $2239587.53   | 0.13%             | 2044-04-20      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds, Principal Only STRIPS                                    | CUSIP: 912803GK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7120000 | PA      | $1950865.90   | 0.11%             | 2052-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: —       |
| WESTERN MIDSTREAM OPERAT                     | Western Midstream Operating LP                                                | CUSIP: 958667AE7<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   2587000 | PA      | $2732959.76   | 0.16%             | 2033-04-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd                                  | Nutrien Ltd.                                                                  | CUSIP: 67077MAT5<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |   2948000 | PA      | $2943550.17   | 0.17%             | 2029-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                        | Genesis Energy LP/Genesis Energy Finance Corp.                                | CUSIP: 37185LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3539000 | PA      | $3701613.37   | 0.21%             | 2033-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust          | New Residential Mortgage Loan Trust                                           | CUSIP: 64830TAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6099435 | PA      | $5748648.94   | 0.33%             | 2059-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                       | Pacific Gas & Electric Co.                                                    | CUSIP: 694308JG3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1176000 | PA      | $1047700.87   | 0.06%             | 2031-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                        | Venture Global Plaquemines LNG LLC                                            | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1656000 | PA      | $1758965.11   | 0.10%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                              | CVS Health Corp.                                                              | CUSIP: 126650EE6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1947000 | PA      | $1975256.64   | 0.11%             | 2044-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BXG Receivables Note Trust                   | BXG Receivables Note Trust                                                    | CUSIP: 123919AA0<br>LEI: 549300MVRSYZ837KPY83 | Long             | ABS-O            | CORP              | US        |   2353413 | PA      | $2398146.86   | 0.14%             | 2038-11-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION INSURC INC                     | Constellation Insurance, Inc.                                                 | CUSIP: 67740QAH9<br>LEI: 549300K609B872PZT291 | Long             | DBT              | CORP              | US        |   8992000 | PA      | $9060586.93   | 0.52%             | 2030-01-24      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Federal National Mortgage Association                                         | CUSIP: 31379KVP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       597 | PA      | $597.80       | 0.00%             | 2028-01-01      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                      | CARS-DB5 LP                                                                   | CUSIP: 12510HAK6<br>LEI: N/A                  | Long             | ABS-O            |  | US        |   3230539 | PA      | $3124088.93   | 0.18%             | 2051-08-15      | Fixed         | 1.44%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                    | Towd Point Mortgage Trust                                                     | CUSIP: 89177BAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3349250 | PA      | $3262471.91   | 0.19%             | 2058-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc                            | Iron Mountain, Inc.                                                           | CUSIP: 46284VAE1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |   3840000 | PA      | $3833326.46   | 0.22%             | 2028-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                      | Royal Caribbean Cruises Ltd.                                                  | CUSIP: 78017TAB9<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   2719000 | PA      | $2734856.42   | 0.16%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                       | GE HealthCare Technologies, Inc.                                              | CUSIP: 36266GAC1<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1596341.82   | 0.09%             | 2035-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                 | Synopsys, Inc.                                                                | CUSIP: 871607AG2<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   1307000 | PA      | $1319064.67   | 0.08%             | 2055-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds      | Colombia Government International Bonds                                       | CUSIP: 195325EP6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   3248000 | PA      | $3402280.00   | 0.20%             | 2036-11-07      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                   | Fiserv, Inc.                                                                  | CUSIP: 337738BD9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   2667000 | PA      | $2741899.60   | 0.16%             | 2028-03-02      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                  | BNP Paribas SA                                                                | CUSIP: 05565AS20<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   4341000 | PA      | $4663701.26   | 0.27%             | 2027-11-17      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| SCF Equipment Trust Llc                      | SCF Equipment Trust LLC                                                       | CUSIP: 78437DAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4350000 | PA      | $4452084.06   | 0.26%             | 2033-11-21      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Federal National Mortgage Association                                         | CUSIP: 3140XKTV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7064316 | PA      | $7046764.76   | 0.41%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                     | Corebridge Financial, Inc.                                                    | CUSIP: 21871XAS8<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   2257000 | PA      | $2374076.71   | 0.14%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ARROW ELECTRONICS INC                        | Arrow Electronics, Inc.                                                       | CUSIP: 04273WAE1<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |   2113000 | PA      | $2214539.24   | 0.13%             | 2034-04-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE                        | United Parcel Service, Inc.                                                   | CUSIP: 911312CJ3<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |   2036000 | PA      | $2106746.30   | 0.12%             | 2035-05-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Federal National Mortgage Association                                         | CUSIP: 31407EYE7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3834 | PA      | $3896.96      | 0.00%             | 2035-08-01      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810SD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9816000 | PA      | $7380405.00   | 0.42%             | 2048-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                           | RGA Global Funding                                                            | CUSIP: 76209PAF0<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |   4690000 | PA      | $4782299.67   | 0.28%             | 2031-12-06      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                     | Virgin Media Secured Finance PLC                                              | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |   2620000 | PA      | $2470242.63   | 0.14%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                | Citigroup, Inc.                                                               | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1609000 | PA      | $1711997.72   | 0.10%             | 2034-05-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| RENAISSANCERE HOLDINGS L                     | RenaissanceRe Holdings Ltd.                                                   | CUSIP: 75968NAG6<br>LEI: EK6GB9U3U58PDI411C94 | Long             | DBT              | CORP              | BM        |    712000 | PA      | $746549.63    | 0.04%             | 2035-04-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Federal National Mortgage Association                                         | CUSIP: 3140XKP38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8673438 | PA      | $8799738.62   | 0.51%             | 2053-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                             | Vital Energy, Inc.                                                            | CUSIP: 516806AH9<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |   3265000 | PA      | $3233362.15   | 0.19%             | 2029-07-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                     | Volkswagen Group of America Finance LLC                                       | CUSIP: 928668CX8<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   2614000 | PA      | $2624906.34   | 0.15%             | 2030-09-11      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                 | Drive Auto Receivables Trust                                                  | CUSIP: 26207AAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4100000 | PA      | $4116599.26   | 0.24%             | 2032-05-17      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810UA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    605000 | PA      | $594412.50    | 0.03%             | 2054-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Federal National Mortgage Association                                         | CUSIP: 3140XPDG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11064190 | PA      | $11009608.04  | 0.63%             | 2054-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co.                                                          | CUSIP: 46647PEH5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1357000 | PA      | $1445730.24   | 0.08%             | 2035-04-22      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                     | Avolon Holdings Funding Ltd.                                                  | CUSIP: 05401AAV3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   4961000 | PA      | $5153759.75   | 0.30%             | 2029-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                | CUSIP: 61747YFL4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3230000 | PA      | $3364187.96   | 0.19%             | 2035-01-18      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Retained Vantage Data Centers Issuer, LLC    | Retained Vantage Data Centers Issuer LLC                                      | CUSIP: 76134KAH7<br>LEI: 254900N4NW6XZ9B4HM15 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2003576.00   | 0.12%             | 2049-09-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810TR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4056000 | PA      | $3350002.50   | 0.19%             | 2053-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810SY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12471000 | PA      | $9239744.45   | 0.53%             | 2041-05-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                 | GS Mortgage Securities Trust                                                  | CUSIP: 36251PAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    334913 | PA      | $333611.27    | 0.02%             | 2049-10-10      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES                        | Keysight Technologies, Inc.                                                   | CUSIP: 49338LAG8<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |   1365000 | PA      | $1373636.78   | 0.08%             | 2034-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                       | Mauser Packaging Solutions Holding Co.                                        | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   2876000 | PA      | $2904193.43   | 0.17%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Battalion CLO LTD                            | Battalion CLO XXI Ltd.                                                        | CUSIP: 07134WAN3<br>LEI: 549300EOF4JL75TYXX49 | Long             | ABS-CBDO         | CORP              | KY        |   3200000 | PA      | $3205625.60   | 0.18%             | 2034-07-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                     | Charter Communications Operating LLC/Charter Communications Operating Capital | CUSIP: 161175BS2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2798000 | PA      | $2313706.44   | 0.13%             | 2049-07-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Viking Cruises Ltd                           | Viking Cruises Ltd.                                                           | CUSIP: 92676XAD9<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |   2990000 | PA      | $2991148.16   | 0.17%             | 2027-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                          | General Electric Co.                                                          | CUSIP: 369604BZ5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |   2099000 | PA      | $2111468.82   | 0.12%             | 2030-07-29      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust          | New Residential Mortgage Loan Trust                                           | CUSIP: 64830HAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2949271 | PA      | $2872392.78   | 0.17%             | 2059-02-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Venture CLO 43 Limited                       | Venture 43 CLO Ltd.                                                           | CUSIP: 92290CAR0<br>LEI: 549300OLN5VHTMLSN650 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2501792.50   | 0.14%             | 2034-04-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC            | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 82653HAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1043429 | PA      | $1051317.19   | 0.06%             | 2044-04-20      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                               | Rocket Cos., Inc.                                                             | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2359000 | PA      | $2434756.93   | 0.14%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                     | Sabine Pass Liquefaction LLC                                                  | CUSIP: 785592AZ9<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |   2204408 | PA      | $2317986.31   | 0.13%             | 2037-09-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| TCI-Symphony CLO                             | TCI-Symphony CLO Ltd.                                                         | CUSIP: 87229WAQ4<br>LEI: 5493005WLG3H3B8NI222 | Long             | ABS-CBDO         | CORP              | KY        |   2559097 | PA      | $2560873.36   | 0.15%             | 2032-10-13      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| GCAT                                         | GCAT Trust                                                                    | CUSIP: 36169HAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4289265 | PA      | $4328239.81   | 0.25%             | 2059-01-25      | Variable      | 6.01%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                     | Cheniere Energy Partners LP                                                   | CUSIP: 16411QAQ4<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   1333000 | PA      | $1411110.55   | 0.08%             | 2033-06-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE SERVICE CORP                     | Health Care Service Corp. A Mutual Legal Reserve Co.                          | CUSIP: 42218SAM0<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |   1281000 | PA      | $1258654.93   | 0.07%             | 2054-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                     | Canadian Pacific Railway Co.                                                  | CUSIP: 13645RBF0<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |   5789000 | PA      | $5154718.61   | 0.30%             | 2031-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                              | MVW LLC                                                                       | CUSIP: 62847RAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1784790 | PA      | $1816134.29   | 0.10%             | 2043-02-20      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                       | Venture Global LNG, Inc.                                                      | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   3521000 | PA      | $3880230.03   | 0.22%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810TZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16337000 | PA      | $15978990.00  | 0.92%             | 2044-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FORTITUDE GROUP HOLDINGS                     | Fortitude Group Holdings LLC                                                  | CUSIP: 34966XAA6<br>LEI: 2549006R9ZUL08JFIH12 | Long             | DBT              | CORP              | US        |   1341000 | PA      | $1392358.44   | 0.08%             | 2030-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ICG US CLO Ltd                               | ICG U.S. CLO Ltd.                                                             | CUSIP: 449303AL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4497160.50   | 0.26%             | 2034-04-17      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Federal National Mortgage Association                                         | CUSIP: 31412AKM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3787 | PA      | $3882.83      | 0.00%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                  | Oracle Corp.                                                                  | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2168000 | PA      | $2161330.82   | 0.12%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                           | Banco Santander SA                                                            | CUSIP: 05964HBA2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   2600000 | PA      | $2646962.40   | 0.15%             | 2028-03-14      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC            | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 82650DAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1960862 | PA      | $1983253.05   | 0.11%             | 2041-06-20      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                      | Hyundai Capital America                                                       | CUSIP: 44891ADX2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   4265000 | PA      | $4391117.41   | 0.25%             | 2032-06-23      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| VEGAS Trust                                  | VEGAS Trust                                                                   | CUSIP: 92254AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8500000 | PA      | $8626622.80   | 0.50%             | 2039-11-10      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810TS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  29094000 | PA      | $26353936.10  | 1.52%             | 2043-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                     | Olympus Water U.S. Holding Corp.                                              | CUSIP: 681639AE0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   5163000 | PA      | $5168377.47   | 0.30%             | 2033-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC                          | Cardinal Health, Inc.                                                         | CUSIP: 14149YBP2<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2283658.43   | 0.13%             | 2034-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                           | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4514000 | PA      | $4550676.25   | 0.26%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                    | Towd Point Mortgage Trust                                                     | CUSIP: 89180YAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4936118 | PA      | $4741222.40   | 0.27%             | 2062-09-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                           | CUSIP: 91282CLF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2319000 | PA      | $2283490.31   | 0.13%             | 2034-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                     | Virgin Media Secured Finance PLC                                              | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |   4006000 | PA      | $3960711.05   | 0.23%             | 2029-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HEICO CORP                                   | HEICO Corp.                                                                   | CUSIP: 422806AB5<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | DBT              | CORP              | US        |   3299000 | PA      | $3422416.51   | 0.20%             | 2033-08-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                           | Energy Transfer LP                                                            | CUSIP: 29278NAE3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3540000 | PA      | $3488813.69   | 0.20%             | 2048-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Diamond Infrastructure Funding LLC           | Diamond Infrastructure Funding LLC                                            | CUSIP: 25265LAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2385000 | PA      | $2287349.04   | 0.13%             | 2049-04-15      | Fixed         | 1.76%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                          | Quanta Services, Inc.                                                         | CUSIP: 74762EAL6<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1476290.82   | 0.08%             | 2034-08-09      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                               | Merck & Co., Inc.                                                             | CUSIP: 58933YBM6<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |   1198000 | PA      | $1125717.44   | 0.06%             | 2053-05-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                  | Oracle Corp.                                                                  | CUSIP: 68389XCK9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1667000 | PA      | $1854788.57   | 0.11%             | 2052-11-09      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| SOUTHERN POWER CO                            | Southern Power Co.                                                            | CUSIP: 843646AX8<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |   1296000 | PA      | $1288185.12   | 0.07%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC            | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 82652QAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1076232 | PA      | $1067350.92   | 0.06%             | 2037-11-20      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp.                                                         | CUSIP: 06051GMW6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5328000 | PA      | $5554675.50   | 0.32%             | 2036-05-09      | Fixed         | 5.46%                 | No            |                  2 | On Loan: —       |
| VISTRA OPERATIONS CO LLC                     | Vistra Operations Co. LLC                                                     | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2365000 | PA      | $2473498.56   | 0.14%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                           | Viking Cruises Ltd.                                                           | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |   1947000 | PA      | $1948366.37   | 0.11%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| INTUIT INC                                   | Intuit, Inc.                                                                  | CUSIP: 46124HAH9<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | DBT              | CORP              | US        |   1216000 | PA      | $1224864.06   | 0.07%             | 2053-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Federal National Mortgage Association                                         | CUSIP: 3140MMBG2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    812959 | PA      | $714759.30    | 0.04%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                 | Hilton Grand Vacations Trust                                                  | CUSIP: 43283YAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    510609 | PA      | $518429.26    | 0.03%             | 2039-09-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                        | Ellucian Holdings, Inc.                                                       | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |    901000 | PA      | $915342.12    | 0.05%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                              | MVW LLC                                                                       | CUSIP: 55389TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    502773 | PA      | $484521.16    | 0.03%             | 2041-01-22      | Fixed         | 1.14%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                    | Towd Point Mortgage Trust                                                     | CUSIP: 89170VAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4186348 | PA      | $4017644.77   | 0.23%             | 2062-07-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND ELECTRIC ILLUM                     | Cleveland Electric Illuminating Co.                                           | CUSIP: 186108CK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2858000 | PA      | $2806878.01   | 0.16%             | 2028-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                            | Expedia Group, Inc.                                                           | CUSIP: 30212PBL8<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | DBT              | CORP              | US        |   3701000 | PA      | $3798017.42   | 0.22%             | 2035-02-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| INRETAIL CONSUMER                            | InRetail Consumer                                                             | CUSIP: 45790TAB1<br>LEI: 254900BI1YXHZ31NSP51 | Long             | DBT              | CORP              | PE        |   3319000 | PA      | $3223972.72   | 0.19%             | 2028-03-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                    | Anchorage Capital CLO 25 Ltd.                                                 | CUSIP: 03329WAG2<br>LEI: 5493004RXURZCE1LR038 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000473.00   | 0.06%             | 2035-04-20      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                            | GXO Logistics, Inc.                                                           | CUSIP: 36262GAG6<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |   1958000 | PA      | $2105153.27   | 0.12%             | 2034-05-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                           | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3733700 | PA      | $3880131.05   | 0.22%             | 2035-02-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810UM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1172000 | PA      | $1176028.75   | 0.07%             | 2055-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC            | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 826943AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2968962 | PA      | $2997296.43   | 0.17%             | 2040-01-20      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                          | Gilead Sciences, Inc.                                                         | CUSIP: 375558CC5<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   2559000 | PA      | $2629132.24   | 0.15%             | 2035-06-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 19-1AA PTT                      | American Airlines Pass-Through Trust                                          | CUSIP: 02377LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1151273 | PA      | $1077910.71   | 0.06%             | 2032-02-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC                         | Waste Management, Inc.                                                        | CUSIP: 94106LCA5<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |   1795000 | PA      | $1783687.50   | 0.10%             | 2029-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                          | Ashtead Capital, Inc.                                                         | CUSIP: 045054AQ6<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   2361000 | PA      | $2435240.68   | 0.14%             | 2033-05-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                 | Centene Corp.                                                                 | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   2334000 | PA      | $2146549.32   | 0.12%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| VULCAN MATERIALS CO                          | Vulcan Materials Co.                                                          | CUSIP: 929160BC2<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |   2398000 | PA      | $2473597.91   | 0.14%             | 2034-12-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ALCON FINANCE CORP                           | Alcon Finance Corp.                                                           | CUSIP: 01400EAF0<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |    892000 | PA      | $917461.44    | 0.05%             | 2052-12-06      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance II LLC                      | Bayer U.S. Finance II LLC                                                     | CUSIP: 07274NAL7<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   1829000 | PA      | $1822480.20   | 0.10%             | 2028-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Fixed Income Clearing Corp                   | FIXED INC CLEARING CORP.REPO                                                  | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  47734816 | PA      | $47734815.99  | 2.75%             |  |  |  | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                             | BAT Capital Corp.                                                             | CUSIP: 054989AF5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   2437000 | PA      | $2411585.31   | 0.14%             | 2033-03-22      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Federal National Mortgage Association                                         | CUSIP: 31402LPB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15789 | PA      | $15926.61     | 0.00%             | 2043-06-01      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                 | Hilton Grand Vacations Trust                                                  | CUSIP: 43283JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2182619 | PA      | $2225900.12   | 0.13%             | 2038-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                 | Hudson Yards Mortgage Trust                                                   | CUSIP: 44855PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3970000 | PA      | $4102586.88   | 0.24%             | 2040-01-13      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                     | Clear Channel Outdoor Holdings, Inc.                                          | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   1505000 | PA      | $1461676.17   | 0.08%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                        | Uber Technologies, Inc.                                                       | CUSIP: 90353TAP5<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   1535000 | PA      | $1537881.20   | 0.09%             | 2034-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Banc of America Funding Corporation          | Banc of America Funding Trust                                                 | CUSIP: 06051GDM8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    609970 | PA      | $570696.70    | 0.03%             | 2035-05-25      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                    | Towd Point Mortgage Trust                                                     | CUSIP: 89179JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5523266 | PA      | $5031693.77   | 0.29%             | 2060-10-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                          | Medline Borrower LP                                                           | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   1459000 | PA      | $1446384.32   | 0.08%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                           | Dominican Republic International Bonds                                        | CUSIP: 25714PEZ7<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   4015000 | PA      | $4201697.50   | 0.24%             | 2036-06-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                     | Charles River Laboratories International, Inc.                                | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |   2308000 | PA      | $2149582.11   | 0.12%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust          | New Residential Mortgage Loan Trust                                           | CUSIP: 64828GAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1804011 | PA      | $1711180.51   | 0.10%             | 2059-09-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                        | Aon North America, Inc.                                                       | CUSIP: 03740MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1777000 | PA      | $1851108.45   | 0.11%             | 2034-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                | CUSIP: 61747YFQ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   5793000 | PA      | $6049134.95   | 0.35%             | 2030-04-18      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC            | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 826944AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2879035 | PA      | $2968172.10   | 0.17%             | 2040-09-20      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                                     | OZLM XV Ltd.                                                                  | CUSIP: 67111DBL9<br>LEI: 5493008RJIODIVVGSK16 | Long             | ABS-CBDO         | CORP              | KY        |   9000000 | PA      | $9001701.00   | 0.52%             | 2033-04-20      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust          | New Residential Mortgage Loan Trust                                           | CUSIP: 64830WAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2494116 | PA      | $2343317.07   | 0.13%             | 2058-12-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES                          | Century Communities, Inc.                                                     | CUSIP: 156504AL6<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2099440.48   | 0.12%             | 2027-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KIOXIA HOLDINGS CORP                         | Kioxia Holdings Corp.                                                         | CUSIP: 49726JAB4<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |   4250000 | PA      | $4369127.50   | 0.25%             | 2033-07-24      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                 | Enbridge, Inc.                                                                | CUSIP: 29250NCJ2<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1576000 | PA      | $1611676.27   | 0.09%             | 2030-06-20      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| CAPITAL ONE FINANCIAL CO                     | Capital One Financial Corp.                                                   | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    945000 | PA      | $980300.58    | 0.06%             | 2036-01-30      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810QB7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7023000 | PA      | $6914362.97   | 0.40%             | 2039-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                     | Occidental Petroleum Corp.                                                    | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   1705000 | PA      | $1730060.09   | 0.10%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                | Carnival Corp.                                                                | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   2202000 | PA      | $2257129.27   | 0.13%             | 2033-02-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC            | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 826935AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1020109 | PA      | $1030344.73   | 0.06%             | 2043-01-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                          | COMM Mortgage Trust                                                           | CUSIP: 12635WAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4947689.50   | 0.28%             | 2036-02-10      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                       | UnitedHealth Group, Inc.                                                      | CUSIP: 91324PFJ6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1837000 | PA      | $1885417.52   | 0.11%             | 2034-07-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp.                                                         | CUSIP: 06051GJP5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3606000 | PA      | $3288046.79   | 0.19%             | 2032-03-11      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                 | QUALCOMM, Inc.                                                                | CUSIP: 747525BJ1<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |   1363000 | PA      | $963552.85    | 0.06%             | 2050-05-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                    | Towd Point Mortgage Trust                                                     | CUSIP: 89178BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5620311 | PA      | $5401031.47   | 0.31%             | 2059-10-25      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                             | Hewlett Packard Enterprise Co.                                                | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   3207000 | PA      | $3182063.84   | 0.18%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC  | BBCMS Mortgage Trust                                                          | CUSIP: 05548WAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4475398.50   | 0.26%             | 2037-03-15      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| MUNICH RE                                    | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen                     | CUSIP: 62582PAA8<br>LEI: 529900MUF4C20K50JS49 | Long             | DBT              | CORP              | DE        |   2000000 | PA      | $2086715.24   | 0.12%             | 2042-05-23      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                       | Extra Space Storage LP                                                        | CUSIP: 30225VAU1<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |   3205000 | PA      | $3274134.13   | 0.19%             | 2035-06-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CADENCE DESIGN SYS INC                       | Cadence Design Systems, Inc.                                                  | CUSIP: 127387AP3<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | DBT              | CORP              | US        |   1983000 | PA      | $1979796.68   | 0.11%             | 2034-09-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                             | COLT Mortgage Loan Trust                                                      | CUSIP: 19688VAA8<br>LEI: 213800YFAHWZN77V6P52 | Long             | ABS-MBS          | CORP              | US        |   8761335 | PA      | $8887499.79   | 0.51%             | 2069-06-25      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                       | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC          | CUSIP: 01309QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    467000 | PA      | $477600.90    | 0.03%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Intel Corp                                   | Intel Corp.                                                                   | CUSIP: 458140AK6<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   2520000 | PA      | $2273714.63   | 0.13%             | 2041-10-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                          | Petroleos Mexicanos                                                           | CUSIP: 71654QCP5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   3820000 | PA      | $3884940.00   | 0.22%             | 2029-01-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                    | Towd Point Mortgage Trust                                                     | CUSIP: 89175TAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5762746 | PA      | $5476151.68   | 0.32%             | 2058-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| 20 TSQ GroundCo LLC                          | 20 Times Square Trust                                                         | CUSIP: 90137LAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5148000 | PA      | $4839120.00   | 0.28%             | 2035-05-15      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                             | T-Mobile USA, Inc.                                                            | CUSIP: 87264ABW4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1847000 | PA      | $1756933.85   | 0.10%             | 2031-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust              | Bravo Residential Funding Trust                                               | CUSIP: 10569MAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2072327 | PA      | $2090241.11   | 0.12%             | 2064-12-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                            | Brown & Brown, Inc.                                                           | CUSIP: 115236AL5<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    883000 | PA      | $905356.74    | 0.05%             | 2032-06-23      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SITIOS LATINOAMERICA                         | Sitios Latinoamerica SAB de CV                                                | CUSIP: 82983PAA1<br>LEI: 984500D2C0CDC0BFDD35 | Long             | DBT              | CORP              | MX        |   4421000 | PA      | $4594745.30   | 0.26%             | 2029-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                      | Starwood Property Trust, Inc.                                                 | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |   1548000 | PA      | $1571528.05   | 0.09%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer LLC                          | DataBank Issuer LLC                                                           | CUSIP: 23802WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6419000 | PA      | $6341262.70   | 0.37%             | 2051-02-27      | Fixed         | 2.06%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                      | CARS-DB5 LP                                                                   | CUSIP: 12510HAM2<br>LEI: N/A                  | Long             | ABS-O            |  | US        |   1381042 | PA      | $1337787.57   | 0.08%             | 2051-08-15      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Federal National Mortgage Association                                         | CUSIP: 3140QRW66<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8501812 | PA      | $8499271.63   | 0.49%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                       | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC          | CUSIP: 013092AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2428000 | PA      | $2412741.72   | 0.14%             | 2027-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                     | Organon & Co./Organon Foreign Debt Co-Issuer BV                               | CUSIP: 68622FAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2003000 | PA      | $1920649.84   | 0.11%             | 2034-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                               | Apidos CLO XXXI Ltd.                                                          | CUSIP: 03767VAG3<br>LEI: 549300IG6PHVJ3WBR394 | Long             | ABS-CBDO         | CORP              | KY        |   4410096 | PA      | $4415789.92   | 0.25%             | 2031-04-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                               | NRG Energy, Inc.                                                              | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1347000 | PA      | $1273343.08   | 0.07%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9400000 | PA      | $9050804.66   | 0.52%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co.                                                          | CUSIP: 46647PDX1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1699000 | PA      | $1792911.92   | 0.10%             | 2029-10-23      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                      | CARS-DB7 LP                                                                   | CUSIP: 12510HAS9<br>LEI: N/A                  | Long             | ABS-O            |  | US        |   7500000 | PA      | $7560993.75   | 0.44%             | 2053-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ICG US CLO Ltd                               | ICG U.S. CLO Ltd.                                                             | CUSIP: 44928XAY0<br>LEI: 25490053S2JSJU63Y978 | Long             | ABS-CBDO         | CORP              | KY        |   9325000 | PA      | $9335518.60   | 0.54%             | 2034-10-20      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                     | Hess Midstream Operations LP                                                  | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2072000 | PA      | $2136926.12   | 0.12%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                  | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DWGZ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5749255 | PA      | $5819598.30   | 0.34%             | 2053-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                             | NTT Finance Corp.                                                             | CUSIP: 62954WAQ8<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |   2011000 | PA      | $2030885.01   | 0.12%             | 2028-07-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                          | Quanta Services, Inc.                                                         | CUSIP: 74762EAF9<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |   2101000 | PA      | $1961378.17   | 0.11%             | 2030-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                       | Canadian Imperial Bank of Commerce                                            | CUSIP: 13607PVQ4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   2358000 | PA      | $2434863.56   | 0.14%             | 2031-01-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BOYNE USA INC                                | Boyne USA, Inc.                                                               | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1273000 | PA      | $1248932.25   | 0.07%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                        | Venture Global Plaquemines LNG LLC                                            | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   2012000 | PA      | $2223280.12   | 0.13%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK OP LLC                            | Healthpeak OP LLC                                                             | CUSIP: 42250GAB9<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              |  | US        |   4132000 | PA      | $4105266.25   | 0.24%             | 2033-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                 | Hilton Grand Vacations Trust                                                  | CUSIP: 432917AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1629395 | PA      | $1664792.52   | 0.10%             | 2038-01-25      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                    | Sunoco LP                                                                     | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    548000 | PA      | $543957.40    | 0.03%             | 2031-03-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                         | Glencore Funding LLC                                                          | CUSIP: 378272BG2<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   2660000 | PA      | $2388868.20   | 0.14%             | 2031-09-23      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                          | American Express Co.                                                          | CUSIP: 025816DU0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   3222000 | PA      | $3366760.50   | 0.19%             | 2030-04-25      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| COPT DEFENSE PROP LP                         | COPT Defense Properties LP                                                    | CUSIP: 22003BAP1<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              |  | US        |   2019000 | PA      | $1708557.83   | 0.10%             | 2033-12-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                         | M&T Bank Corp.                                                                | CUSIP: 55261FAY0<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   2827000 | PA      | $2895148.93   | 0.17%             | 2031-07-08      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                 | ADT Security Corp.                                                            | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   3829000 | PA      | $3702704.65   | 0.21%             | 2029-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CITADEL LP                                   | Citadel LP                                                                    | CUSIP: 17288XAD6<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |    800000 | PA      | $831505.28    | 0.05%             | 2030-01-23      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ORBIA ADVANCE CORP SAB                       | Orbia Advance Corp. SAB de CV                                                 | CUSIP: 68560EAC2<br>LEI: 549300MVHZ20SBIOEQ79 | Long             | DBT              | CORP              | MX        |   2822000 | PA      | $2934884.06   | 0.17%             | 2030-05-13      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                  | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128NHK36<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     10582 | PA      | $10811.71     | 0.00%             | 2035-09-01      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                           | VICI Properties LP                                                            | CUSIP: 925650AC7<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |   2822000 | PA      | $2854731.67   | 0.16%             | 2030-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Federal National Mortgage Association                                         | CUSIP: 31410UK68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4209 | PA      | $4258.93      | 0.00%             | 2036-08-01      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                    | Boeing Co.                                                                    | CUSIP: 097023CX1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2540000 | PA      | $2537447.45   | 0.15%             | 2060-05-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| CSL FINANCE PLC                              | CSL Finance PLC                                                               | CUSIP: 12661PAD1<br>LEI: 2549007CCNBNAF4HBC02 | Long             | DBT              | CORP              | GB        |   3168000 | PA      | $2889780.92   | 0.17%             | 2042-04-27      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                 | Hilton Grand Vacations Trust                                                  | CUSIP: 43283YAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    514860 | PA      | $527148.22    | 0.03%             | 2039-09-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                         | M&T Bank Corp.                                                                | CUSIP: 55261FAV6<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   1195000 | PA      | $1211487.83   | 0.07%             | 2036-01-16      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                              | CVS Health Corp.                                                              | CUSIP: 126650EK2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   3282000 | PA      | $3339770.85   | 0.19%             | 2035-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                             | COLT Mortgage Loan Trust                                                      | CUSIP: 12665LAA2<br>LEI: 213800Z2Q6LED8DB8K38 | Long             | ABS-MBS          | CORP              | US        |   2529044 | PA      | $2556618.60   | 0.15%             | 2069-04-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                     | Delta Air Lines, Inc./SkyMiles IP Ltd.                                        | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   3179000 | PA      | $3196875.52   | 0.18%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                                  | Viatris, Inc.                                                                 | CUSIP: 92556VAC0<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |   1134000 | PA      | $1091594.39   | 0.06%             | 2027-06-22      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL CORP                              | Murphy Oil Corp.                                                              | CUSIP: 626717AP7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |   2337000 | PA      | $2305733.91   | 0.13%             | 2032-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                 | CSMC Trust                                                                    | CUSIP: 126405AA7<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |   8936918 | PA      | $8095658.94   | 0.47%             | 2060-01-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                            | Hyatt Hotels Corp.                                                            | CUSIP: 448579AR3<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   1910000 | PA      | $1958926.60   | 0.11%             | 2029-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTHERN POWER CO                            | Southern Power Co.                                                            | CUSIP: 843646AY6<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |   1748000 | PA      | $1723879.12   | 0.10%             | 2035-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CARLISLE COS INC                             | Carlisle Cos., Inc.                                                           | CUSIP: 142339AN0<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |   1131000 | PA      | $1144685.16   | 0.07%             | 2035-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WRKCo Inc                                    | WRKCo, Inc.                                                                   | CUSIP: 92940PAE4<br>LEI: 549300JEB576INN13W07 | Long             | DBT              | CORP              | US        |   2248000 | PA      | $2229372.35   | 0.13%             | 2028-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| SCHLUMBERGER HLDGS CORP                      | Schlumberger Holdings Corp.                                                   | CUSIP: 806851AK7<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |   1657000 | PA      | $1649468.90   | 0.09%             | 2028-05-17      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                              | Venture XXVII CLO Ltd.                                                        | CUSIP: 92331LBC3<br>LEI: 549300JZGSLL2771YV05 | Long             | ABS-CBDO         | CORP              | KY        |    843166 | PA      | $843232.16    | 0.05%             | 2030-07-20      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                               | NRG Energy, Inc.                                                              | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    186000 | PA      | $188896.21    | 0.01%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                | AppLovin Corp.                                                                | CUSIP: 03831WAD0<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   2888000 | PA      | $2981127.11   | 0.17%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                               | Whirlpool Corp.                                                               | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   1092000 | PA      | $1100552.81   | 0.06%             | 2030-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                        | Aon North America, Inc.                                                       | CUSIP: 03740MAF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2871000 | PA      | $2891329.18   | 0.17%             | 2054-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                              | Chevron USA, Inc.                                                             | CUSIP: 166756AS5<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |   1690000 | PA      | $1646461.38   | 0.09%             | 2029-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                             | Duke Energy Corp.                                                             | CUSIP: 26441CCJ2<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   4115000 | PA      | $4087995.11   | 0.24%             | 2035-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4523300 | PA      | $4537435.31   | 0.26%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                        | American Homes 4 Rent LP                                                      | CUSIP: 02666TAG2<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |   3519000 | PA      | $3631318.70   | 0.21%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                  | Oracle Corp.                                                                  | CUSIP: 68389XDP7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2162000 | PA      | $2167869.81   | 0.12%             | 2045-09-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MVW 2020-1 LLC                               | MVW LLC                                                                       | CUSIP: 55400EAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    688599 | PA      | $673458.08    | 0.04%             | 2037-10-20      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                     | Greensaif Pipelines Bidco SARL                                                | CUSIP: 39541EAD5<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |   2009000 | PA      | $2106538.76   | 0.12%             | 2036-02-23      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                     | OBX Trust                                                                     | CUSIP: 67119CAA8<br>LEI: 254900Y1YRD8JNADSC78 | Long             | ABS-MBS          | CORP              | US        |   2122852 | PA      | $2152368.15   | 0.12%             | 2064-05-25      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                     | Targa Resources Partners LP/Targa Resources Partners Finance Corp.            | CUSIP: 87612BBU5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1376000 | PA      | $1304921.34   | 0.08%             | 2032-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                                 | 7-Eleven, Inc.                                                                | CUSIP: 817826AE0<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |   3567000 | PA      | $3100340.23   | 0.18%             | 2031-02-10      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                 | Ecopetrol SA                                                                  | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   5000000 | PA      | $5163915.75   | 0.30%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                            | NatWest Group PLC                                                             | CUSIP: 639057AN8<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   4743000 | PA      | $5001656.33   | 0.29%             | 2035-03-01      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                     | Mill City Mortgage Loan Trust                                                 | CUSIP: 59981AAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    602913 | PA      | $589031.97    | 0.03%             | 2069-10-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Federal National Mortgage Association                                         | CUSIP: 3140XKS76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7888875 | PA      | $7688192.96   | 0.44%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                             | UWM Holdings LLC                                                              | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3834000 | PA      | $3815740.08   | 0.22%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc            | Citigroup Mortgage Loan Trust, Inc.                                           | CUSIP: 17313EAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1284556 | PA      | $1242653.78   | 0.07%             | 2037-10-25      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                           | CUSIP: 91282CEP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3394300 | PA      | $3191172.36   | 0.18%             | 2032-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Concord Minutemen Capital Co LLC             | Concord Minutemen Capital Co. LLC                                             | CUSIP: 2063C0X15<br>LEI: 549300B4YYZ4SNU1JB49 | Long             | STIV             | CORP              | US        |  17594000 | PA      | $17591985.49  | 1.01%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALLSTATE CORP                                | Allstate Corp.                                                                | CUSIP: 020002BK6<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |   1978000 | PA      | $2051126.56   | 0.12%             | 2033-03-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| 1211 Avenue of the Americas Trust            | 1211 Avenue of the Americas Trust                                             | CUSIP: 90117PAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5900000 | PA      | $5676906.25   | 0.33%             | 2035-08-10      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                               | Lowe's Cos., Inc.                                                             | CUSIP: 548661EH6<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   3621000 | PA      | $3463646.04   | 0.20%             | 2032-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC     | Avis Budget Rental Car Funding AESOP LLC                                      | CUSIP: 05377RHL1<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   5355000 | PA      | $5501647.75   | 0.32%             | 2028-08-21      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES                          | Century Communities, Inc.                                                     | CUSIP: 156504AN2<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |    833000 | PA      | $840296.43    | 0.05%             | 2033-09-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                    | Towd Point Mortgage Trust                                                     | CUSIP: 89181JAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7203068 | PA      | $6987462.06   | 0.40%             | 2063-01-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust       | Santander Drive Auto Receivables Trust                                        | CUSIP: 80288JAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4010000 | PA      | $4032366.98   | 0.23%             | 2031-09-15      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                     | Cheniere Energy Partners LP                                                   | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   2096000 | PA      | $2089286.20   | 0.12%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust              | BRAVO Residential Funding Trust                                               | CUSIP: 10569LAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2762305 | PA      | $2795387.31   | 0.16%             | 2064-03-25      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                             | MGM Resorts International                                                     | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   3447000 | PA      | $3508347.64   | 0.20%             | 2029-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| MV24 CAPITAL BV                              | MV24 Capital BV                                                               | CUSIP: 55388RAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   3734832 | PA      | $3704086.49   | 0.21%             | 2034-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NNN REIT INC                                 | NNN REIT, Inc.                                                                | CUSIP: 637417AU0<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              |  | US        |   4023000 | PA      | $4038012.31   | 0.23%             | 2031-02-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                       | Diamondback Energy, Inc.                                                      | CUSIP: 25278XAY5<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   3216000 | PA      | $3312062.82   | 0.19%             | 2030-01-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                     | Ford Motor Credit Co. LLC                                                     | CUSIP: 345397D26<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1810000 | PA      | $1833529.15   | 0.11%             | 2026-06-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                    | Boeing Co.                                                                    | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1881000 | PA      | $1879238.95   | 0.11%             | 2050-05-01      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                     | CHS/Community Health Systems, Inc.                                            | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   2372000 | PA      | $2145815.99   | 0.12%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Federal National Mortgage Association                                         | CUSIP: 3140X5A29<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3105 | PA      | $3136.66      | 0.00%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust          | New Residential Mortgage Loan Trust                                           | CUSIP: 64830MAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2233945 | PA      | $2127717.10   | 0.12%             | 2059-08-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                     | OCP SA                                                                        | CUSIP: 67091TAF2<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |   2252000 | PA      | $2448101.28   | 0.14%             | 2034-05-02      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7723000 | PA      | $7129294.38   | 0.41%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                            | Newell Brands, Inc.                                                           | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   1424000 | PA      | $1410891.51   | 0.08%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| United States Treasury                       | U.S. Treasury Notes                                                           | CUSIP: 91282CDY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7241500 | PA      | $6424568.28   | 0.37%             | 2032-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                      | Pfizer Investment Enterprises Pte. Ltd.                                       | CUSIP: 716973AF9<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |   1831000 | PA      | $1774442.59   | 0.10%             | 2043-05-19      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| DOLP Trust                                   | DOLP Trust                                                                    | CUSIP: 23345LAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5300000 | PA      | $4732756.90   | 0.27%             | 2041-05-10      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                 | Enbridge, Inc.                                                                | CUSIP: 29250NCC7<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   3701000 | PA      | $3863123.42   | 0.22%             | 2034-04-05      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                     | Angel Oak Mortgage Trust                                                      | CUSIP: 034934AA7<br>LEI: 254900HC0S1X9R2JZB30 | Long             | ABS-MBS          | CORP              | US        |   5779463 | PA      | $5837832.90   | 0.34%             | 2070-01-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                      | Imperial Brands Finance PLC                                                   | CUSIP: 45262BAK9<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   3310000 | PA      | $3375954.63   | 0.19%             | 2035-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| GULFSTREAM NATURAL GAS                       | Gulfstream Natural Gas System LLC                                             | CUSIP: 402740AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1460005.57   | 0.08%             | 2035-07-23      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                 | CaixaBank SA                                                                  | CUSIP: 12803RAC8<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   1463000 | PA      | $1630184.11   | 0.09%             | 2034-09-13      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                    | Amgen, Inc.                                                                   | CUSIP: 031162DS6<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1762000 | PA      | $1785350.61   | 0.10%             | 2043-03-02      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| HCA INC                                      | HCA, Inc.                                                                     | CUSIP: 404119CV9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2772000 | PA      | $2777428.99   | 0.16%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT                     | Element Fleet Management Corp.                                                | CUSIP: 286181AP7<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   4734000 | PA      | $4828962.00   | 0.28%             | 2030-03-25      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC            | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 826935AD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    486370 | PA      | $498794.97    | 0.03%             | 2043-01-20      | Fixed         | 8.02%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                       | Bank of New York Mellon Corp.                                                 | CUSIP: 06406YAB8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1251000 | PA      | $1304695.21   | 0.08%             | 2039-07-21      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810UD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2268000 | PA      | $2105164.68   | 0.12%             | 2044-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Rackspace Finance, LLC                       | Rackspace Finance LLC                                                         | CUSIP: 75008UAC1<br>LEI: 549300QTYCKLMFSE8I97 | Long             | LON              | CORP              | US        |   1054032 | PA      | $1066329.19   | 0.06%             | 2028-05-15      | Floating      | 10.54%                | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES                          | Century Communities, Inc.                                                     | CUSIP: 156504AM4<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |   1522000 | PA      | $1431847.83   | 0.08%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                     | Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.             | CUSIP: 505742AM8<br>LEI: N/A                  | Long             | DBT              |  | US        |   5852000 | PA      | $5800317.07   | 0.33%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Black Hills Corp                             | Black Hills Corp.                                                             | CUSIP: 092113AM1<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |   1987000 | PA      | $1960563.28   | 0.11%             | 2027-01-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                       | PNC Financial Services Group, Inc.                                            | CUSIP: 693475CE3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1918000 | PA      | $1973752.65   | 0.11%             | 2036-07-21      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                     | OBX Trust                                                                     | CUSIP: 67448GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1992502 | PA      | $1999960.68   | 0.12%             | 2063-03-25      | Variable      | 6.11%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                               | NRG Energy, Inc.                                                              | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1408000 | PA      | $1301730.50   | 0.07%             | 2031-02-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                              | MVW LLC                                                                       | CUSIP: 55389QAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1375277 | PA      | $1374955.90   | 0.08%             | 2042-03-20      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5884000 | PA      | $5783788.13   | 0.33%             | 2055-02-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Federal National Mortgage Association                                         | CUSIP: 3140X4YR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1087280 | PA      | $1045182.81   | 0.06%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                    | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F0226A8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  23889000 | PA      | $20122650.70  | 1.16%             | 2055-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810ST6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18958000 | PA      | $12368614.00  | 0.71%             | 2040-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC            | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 82653BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2739142 | PA      | $2754344.30   | 0.16%             | 2041-08-20      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| AXA SA                                       | AXA SA                                                                        | CUSIP: 054536AA5<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | DBT              | CORP              | FR        |   3813000 | PA      | $4543550.67   | 0.26%             | 2030-12-15      | Fixed         | 8.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                  | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128QJGY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     51287 | PA      | $52254.72     | 0.00%             | 2035-09-01      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                    | Towd Point Mortgage Trust                                                     | CUSIP: 89175VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     83621 | PA      | $82707.28     | 0.00%             | 2058-03-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                              | MVW LLC                                                                       | CUSIP: 55389QAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4278641 | PA      | $4211814.97   | 0.24%             | 2042-03-20      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                             | T-Mobile USA, Inc.                                                            | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1354000 | PA      | $1327716.87   | 0.08%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Federal National Mortgage Association                                         | CUSIP: 3140JVPM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    813188 | PA      | $715995.06    | 0.04%             | 2049-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                  | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133B9Z56<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    826742 | PA      | $727818.98    | 0.04%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Inflation-Protected Indexed Notes                               | CUSIP: 912828ZZ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4624032 | PA      | $4396172.51   | 0.25%             | 2030-07-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust          | New Residential Mortgage Loan Trust                                           | CUSIP: 64829VAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5416080 | PA      | $5260908.35   | 0.30%             | 2057-12-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                             | Symphony CLO XXIII Ltd.                                                       | CUSIP: 87167NDL6<br>LEI: 54930001DQI1CFLYVB48 | Long             | ABS-CBDO         | CORP              | KY        |   4503983 | PA      | $4502131.55   | 0.26%             | 2034-01-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                     | EQT Corp.                                                                     | CUSIP: 26884LAZ2<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1263000 | PA      | $1309713.92   | 0.08%             | 2029-04-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                           | Royalty Pharma PLC                                                            | CUSIP: 78081BAK9<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |   2807000 | PA      | $2520114.80   | 0.15%             | 2030-09-02      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                           | Ally Financial, Inc.                                                          | CUSIP: 02005NBZ2<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    798000 | PA      | $816820.22    | 0.05%             | 2029-05-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                              | MVW LLC                                                                       | CUSIP: 62847RAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    932326 | PA      | $951531.05    | 0.05%             | 2043-02-20      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                      | Starwood Property Trust, Inc.                                                 | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |   2799000 | PA      | $2895127.01   | 0.17%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810TW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2489000 | PA      | $2515445.63   | 0.14%             | 2043-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                           | CUSIP: 912810TF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  45758300 | PA      | $33907615.04  | 1.95%             | 2042-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Metlife Securitization Trust                 | MetLife Securitization Trust                                                  | CUSIP: 59166BAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1070868 | PA      | $1031987.82   | 0.06%             | 2055-04-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                       | Verizon Communications, Inc.                                                  | CUSIP: 92343VFR0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1761000 | PA      | $1540649.28   | 0.09%             | 2031-01-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                       | Clydesdale Acquisition Holdings, Inc.                                         | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   2958000 | PA      | $2991694.58   | 0.17%             | 2029-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                            | Herc Holdings, Inc.                                                           | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   3273000 | PA      | $3399750.20   | 0.20%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                       | Verizon Communications, Inc.                                                  | CUSIP: 92343VFX7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2058000 | PA      | $1809648.32   | 0.10%             | 2030-10-30      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP                       | Bunge Ltd. Finance Corp.                                                      | CUSIP: 120568BR0<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |   3990000 | PA      | $4037032.92   | 0.23%             | 2035-08-04      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| MetroNet Infrastructure Issuer LLC           | MetroNet Infrastructure Issuer LLC                                            | CUSIP: 59170JAX6<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |   6850000 | PA      | $6952328.04   | 0.40%             | 2055-08-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                          | General Electric Co.                                                          | CUSIP: 36962G3P7<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    589000 | PA      | $640396.36    | 0.04%             | 2038-01-14      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                         | YPF SA                                                                        | CUSIP: 984245AX8<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |   1338000 | PA      | $1370097.28   | 0.08%             | 2031-01-17      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTERNATIONAL                       | American International Group, Inc.                                            | CUSIP: 026874DX2<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |   1307000 | PA      | $1361511.44   | 0.08%             | 2035-05-07      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC            | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 82653BAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3409952 | PA      | $3423950.91   | 0.20%             | 2041-08-20      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                     | Microchip Technology, Inc.                                                    | CUSIP: 595017BE3<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   2484000 | PA      | $2538111.13   | 0.15%             | 2029-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                 | UBS Group AG                                                                  | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2648000 | PA      | $2916809.07   | 0.17%             | 2028-11-13      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                            | Sysco Corp.                                                                   | CUSIP: 871829BV8<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |   1901000 | PA      | $1964501.44   | 0.11%             | 2035-03-23      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

**Name of Applicant:** TRANSAMERICA SERIES TRUST

**Signature:** Kari Seabrands

**Name of Signer:** Kari Seabrands

**Title:** Treasurer