# EDGAR Filing Document

**Accession Number:** 0001340579
**File Stem:** 0001193125-25-292280
**Filing Date:** 2025-11
**Character Count:** 239405
**Document Hash:** ba7b25354b5adfc67eee97a45d51d592
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-292280.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001193125-25-292280

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Managed Pool Series
- **CENTRAL INDEX KEY:** 0001340579

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21822
- **FILM NUMBER:** 251509779

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 1-800-341-7400

**MAIL ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Federated Managed Pool Series
- **DATE OF NAME CHANGE:** 20051004

## Series and Classes Contracts Data

### Federated Hermes Corporate Bond Strategy Portfolio (Series ID: S000010899)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000030208 | Federated Hermes Corporate Bond Strategy Portfolio | FCSPX           |

## Nport-Ex

Federated Hermes Corporate Bond Strategy Portfolio

Portfolio of Investments

September 30, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount** <br>**or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—95.4% |  |
|  | **Basic Industry - Chemicals—0.5%** |  |
| $390000 | RPM International, Inc., Sr. Unsecd. Note, 4.550%, 3/1/2029 | &nbsp;&nbsp; $392929 |
| &nbsp;&nbsp; 150000 | RPM International, Inc., Sr. Unsecd. Note, 5.250%, 6/1/2045 | &nbsp;&nbsp; 144845 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 537774 |
|  | **Basic Industry - Metals & Mining—1.1%** |  |
| &nbsp;&nbsp; 600000 | Anglo American Capital PLC, Sr. Unsecd. Note, 144A, 2.875%, 3/17/2031 | &nbsp;&nbsp; 550239 |
| &nbsp;&nbsp; 475000 | Freeport-McMoRan, Inc., Sr. Unsecd. Note, 5.400%, 11/14/2034 | &nbsp;&nbsp; 487107 |
| &nbsp;&nbsp; 90000 | Glencore Funding LLC, 144A, 5.893%, 4/4/2054 | &nbsp;&nbsp; 91029 |
| &nbsp;&nbsp; 200000 | Glencore Funding LLC, Sr. Unsecd. Note, 144A, 2.625%, 9/23/2031 | &nbsp;&nbsp; 179705 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1308080 |
|  | **Basic Industry - Paper—0.3%** |  |
| &nbsp;&nbsp; 400000 | Smurfit Kappa Treasury Unlimited Co., Sr. Unsecd. Note, 5.777%, 4/3/2054 | &nbsp;&nbsp; 408964 |
|  | **Capital Goods - Aerospace & Defense—5.4%** |  |
| &nbsp;&nbsp; 230000 | BAE Systems Holdings, Inc., Sr. Unsecd. Note, 144A, 3.850%, 12/15/2025 | &nbsp;&nbsp; 229765 |
| &nbsp;&nbsp; 500000 | BAE Systems PLC, Sr. Unsecd. Note, 144A, 3.000%, 9/15/2050 | &nbsp;&nbsp; 339812 |
| &nbsp;&nbsp; 400000 | Boeing Co., Sr. Unsecd. Note, 2.700%, 2/1/2027 | &nbsp;&nbsp; 391994 |
| &nbsp;&nbsp; 495000 | Boeing Co., Sr. Unsecd. Note, 2.950%, 2/1/2030 | &nbsp;&nbsp; 466244 |
| &nbsp;&nbsp; 475000 | Boeing Co., Sr. Unsecd. Note, 3.250%, 2/1/2035 | &nbsp;&nbsp; 412420 |
| &nbsp;&nbsp; 745000 | Boeing Co., Sr. Unsecd. Note, 3.950%, 8/1/2059 | &nbsp;&nbsp; 535861 |
| &nbsp;&nbsp; 175000 | Boeing Co., Sr. Unsecd. Note, 5.705%, 5/1/2040 | &nbsp;&nbsp; 178672 |
| &nbsp;&nbsp; 350000 | HEICO Corp., Sr. Unsecd. Note, 5.350%, 8/1/2033 | &nbsp;&nbsp; 363323 |
| &nbsp;&nbsp; 440000 | Huntington Ingalls Industries, Inc., Sr. Unsecd. Note, 3.483%, 12/1/2027 | &nbsp;&nbsp; 433248 |
| &nbsp;&nbsp; 250000 | Huntington Ingalls Industries, Inc., Sr. Unsecd. Note, 5.353%, 1/15/2030 | &nbsp;&nbsp; 257824 |
| &nbsp;&nbsp; 350000 | Leidos, Inc., Sr. Unsecd. Note, Series WI, 4.375%, 5/15/2030 | &nbsp;&nbsp; 349033 |
| &nbsp;&nbsp; 250000 | Northrop Grumman Corp., Sr. Unsecd. Note, 3.250%, 1/15/2028 | &nbsp;&nbsp; 245915 |
| &nbsp;&nbsp; 250000 | Northrop Grumman Corp., Sr. Unsecd. Note, 4.700%, 3/15/2033 | &nbsp;&nbsp; 251848 |
| &nbsp;&nbsp; 295000 | Northrop Grumman Corp., Sr. Unsecd. Note, 5.250%, 7/15/2035 | &nbsp;&nbsp; 305582 |
| &nbsp;&nbsp; 500000 | RTX Corp., Sr. Unsecd. Note, 4.125%, 11/16/2028 | &nbsp;&nbsp; 499723 |
| &nbsp;&nbsp; 175000 | RTX Corp., Sr. Unsecd. Note, 4.150%, 5/15/2045 | &nbsp;&nbsp; 147737 |
| &nbsp;&nbsp; 680000 | RTX Corp., Sr. Unsecd. Note, 5.150%, 2/27/2033 | &nbsp;&nbsp; 704540 |
| &nbsp;&nbsp; 190000 | Textron, Inc., Sr. Unsecd. Note, 2.450%, 3/15/2031 | &nbsp;&nbsp; 171161 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 6284702 |
|  | **Capital Goods - Building Materials—0.7%** |  |
| &nbsp;&nbsp; 100000 | Allegion PLC, Sr. Unsecd. Note, 3.500%, 10/1/2029 | &nbsp;&nbsp; 96775 |
| &nbsp;&nbsp; 270000 | Allegion US Holdings Co., Inc., Sr. Unsecd. Note, 3.550%, 10/1/2027 | &nbsp;&nbsp; 266747 |
| &nbsp;&nbsp; 235000 | Carrier Global Corp., Sr. Unsecd. Note, 2.700%, 2/15/2031 | &nbsp;&nbsp; 215821 |
| &nbsp;&nbsp; 155000 | Carrier Global Corp., Sr. Unsecd. Note, 5.900%, 3/15/2034 | &nbsp;&nbsp; 166412 |
| &nbsp;&nbsp; 90000 | Masco Corp., Sr. Unsecd. Note, 4.500%, 5/15/2047 | &nbsp;&nbsp; 75222 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 820977 |
|  | **Capital Goods - Construction Machinery—0.7%** |  |
| &nbsp;&nbsp; 205000 | Ashtead Capital, Inc., Sr. Unsecd. Note, 144A, 5.550%, 5/30/2033 | &nbsp;&nbsp; 211578 |
| &nbsp;&nbsp; 200000 | Ashtead Capital, Inc., Sr. Unsecd. Note, 144A, 5.800%, 4/15/2034 | &nbsp;&nbsp; 209702 |
| &nbsp;&nbsp; 450000 | CNH Industrial Capital America LLC, Sr. Unsecd. Note, 1.450%, 7/15/2026 | &nbsp;&nbsp; 440469 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 861749 |
|  | **Capital Goods - Diversified Manufacturing—1.2%** |  |
| &nbsp;&nbsp; 125000 | Ingersoll-Rand, Inc., Sr. Unsecd. Note, 5.450%, 6/15/2034 | &nbsp;&nbsp; 130408 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Capital Goods - Diversified Manufacturing—continued** |  |
| $120000 | Ingersoll-Rand, Inc., Sr. Unsecd. Note, 5.700%, 6/15/2054 | &nbsp;&nbsp; $122266 |
| &nbsp;&nbsp; 155000 | Otis Worldwide Corp., Sr. Unsecd. Note, Series WI, 2.565%, 2/15/2030 | &nbsp;&nbsp; 144369 |
| &nbsp;&nbsp; 80000 | Valmont Industries, Inc., Sr. Unsecd. Note, 5.000%, 10/1/2044 | &nbsp;&nbsp; 75153 |
| &nbsp;&nbsp; 165000 | Valmont Industries, Inc., Sr. Unsecd. Note, 5.250%, 10/1/2054 | &nbsp;&nbsp; 153763 |
| &nbsp;&nbsp; 175000 | Vontier Corp., Sr. Unsecd. Note, Series WI, 1.800%, 4/1/2026 | &nbsp;&nbsp; 172610 |
| &nbsp;&nbsp; 250000 | Vontier Corp., Sr. Unsecd. Note, Series WI, 2.950%, 4/1/2031 | &nbsp;&nbsp; 228539 |
| &nbsp;&nbsp; 160000 | Wabtec Corp., Sr. Unsecd. Note, 5.611%, 3/11/2034 | &nbsp;&nbsp; 168318 |
| &nbsp;&nbsp; 235000 | Xylem, Inc., Sr. Unsecd. Note, 2.250%, 1/30/2031 | &nbsp;&nbsp; 211225 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1406651 |
|  | **Capital Goods - Environmental—0.9%** |  |
| &nbsp;&nbsp; 225000 | Republic Services, Inc., Sr. Unsecd. Note, 2.375%, 3/15/2033 | &nbsp;&nbsp; 196367 |
| &nbsp;&nbsp; 225000 | Republic Services, Inc., Sr. Unsecd. Note, 4.875%, 4/1/2029 | &nbsp;&nbsp; 230727 |
| &nbsp;&nbsp; 195000 | Waste Connections, Inc., Sr. Unsecd. Note, 2.600%, 2/1/2030 | &nbsp;&nbsp; 183117 |
| &nbsp;&nbsp; 475000 | Waste Connections, Inc., Sr. Unsecd. Note, 4.200%, 1/15/2033 | &nbsp;&nbsp; 466257 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1076468 |
|  | **Capital Goods - Packaging—0.2%** |  |
| &nbsp;&nbsp; 120000 | Sonoco Products Co., Sr. Unsecd. Note, 5.750%, 11/1/2040 | &nbsp;&nbsp; 122713 |
| &nbsp;&nbsp; 150000 | WRKCo, Inc., Sr. Unsecd. Note, Series WI, 4.000%, 3/15/2028 | &nbsp;&nbsp; 149219 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 271932 |
|  | **Communications - Cable & Satellite—1.5%** |  |
| &nbsp;&nbsp; 240000 | CCO Safari II LLC, 6.484%, 10/23/2045 | &nbsp;&nbsp; 237229 |
| &nbsp;&nbsp; 250000 | Charter Communications Operating, LLC/Charter Communications Operating Capital Corp., Sec. Fac. Bond, <br> 3.850%, 4/1/2061<br>| &nbsp;&nbsp; 155941 |
| &nbsp;&nbsp; 865000 | Charter Communications Operating, LLC/Charter Communications Operating Capital Corp., Term Loan - 1st Lien, <br> 3.900%, 6/1/2052<br>| &nbsp;&nbsp; 586270 |
| &nbsp;&nbsp; 300000 | Charter Communications Operating, LLC/Charter Communications Operating Capital Corp., Term Loan - 1st Lien, <br> 5.050%, 3/30/2029<br>| &nbsp;&nbsp; 303973 |
| &nbsp;&nbsp; 300000 | Charter Communications, Inc., 4.200%, 3/15/2028 | &nbsp;&nbsp; 298672 |
| &nbsp;&nbsp; 150000 | Time Warner Cable, Inc., Co. Guarantee, 5.500%, 9/1/2041 | &nbsp;&nbsp; 137541 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1719626 |
|  | **Communications - Media & Entertainment—1.1%** |  |
| &nbsp;&nbsp; 140000 | AppLovin Corp., Sr. Unsecd. Note, 5.500%, 12/1/2034 | &nbsp;&nbsp; 144585 |
| &nbsp;&nbsp; 105000 | AppLovin Corp., Sr. Unsecd. Note, 5.950%, 12/1/2054 | &nbsp;&nbsp; 106444 |
| &nbsp;&nbsp; 135000 | Fox Corp, Sr. Unsecd. Note, Series WI, 4.709%, 1/25/2029 | &nbsp;&nbsp; 136762 |
| &nbsp;&nbsp; 400000 | Netflix, Inc., Sr. Unsecd. Note, 4.875%, 4/15/2028 | &nbsp;&nbsp; 408854 |
| &nbsp;&nbsp; 500000 | Omnicom Group, Inc., Sr. Unsecd. Note, 2.600%, 8/1/2031 | &nbsp;&nbsp; 450894 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1247539 |
|  | **Communications - Telecom Wireless—4.7%** |  |
| &nbsp;&nbsp; 200000 | American Tower Corp., Sr. Unsecd. Note, 1.450%, 9/15/2026 | &nbsp;&nbsp; 195216 |
| &nbsp;&nbsp; 75000 | American Tower Corp., Sr. Unsecd. Note, 2.100%, 6/15/2030 | &nbsp;&nbsp; 67630 |
| &nbsp;&nbsp; 150000 | American Tower Corp., Sr. Unsecd. Note, 3.100%, 6/15/2050 | &nbsp;&nbsp; 100755 |
| &nbsp;&nbsp; 250000 | American Tower Corp., Sr. Unsecd. Note, 3.800%, 8/15/2029 | &nbsp;&nbsp; 245342 |
| &nbsp;&nbsp; 100000 | American Tower Corp., Sr. Unsecd. Note, 4.400%, 2/15/2026 | &nbsp;&nbsp; 100010 |
| &nbsp;&nbsp; 250000 | American Tower Corp., Sr. Unsecd. Note, 5.450%, 2/15/2034 | &nbsp;&nbsp; 259899 |
| &nbsp;&nbsp; 140000 | Bell Canada, Sr. Unsecd. Note, 4.464%, 4/1/2048 | &nbsp;&nbsp; 117067 |
| &nbsp;&nbsp; 375000<br><sup>1</sup> <br>| Bell Canada, Sr. Unsecd. Note, 5.200%, 2/15/2034 | &nbsp;&nbsp; 379785 |
| &nbsp;&nbsp; 150000 | Crown Castle, Inc., Sr. Unsecd. Note, 2.250%, 1/15/2031 | &nbsp;&nbsp; 133562 |
| &nbsp;&nbsp; 100000 | Crown Castle, Inc., Sr. Unsecd. Note, 5.200%, 2/15/2049 | &nbsp;&nbsp; 92172 |
| &nbsp;&nbsp; 150000 | TELUS Corp., Sr. Unsecd. Note, 2.800%, 2/16/2027 | &nbsp;&nbsp; 147266 |
| &nbsp;&nbsp; 500000 | T-Mobile USA, Inc., Series WI, 2.700%, 3/15/2032 | &nbsp;&nbsp; 448349 |
| &nbsp;&nbsp; 550000 | T-Mobile USA, Inc., Series WI, 3.000%, 2/15/2041 | &nbsp;&nbsp; 413522 |

---

**2**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Communications - Telecom Wireless—continued** |  |
| $450000 | T-Mobile USA, Inc., Series WI, 3.875%, 4/15/2030 | &nbsp;&nbsp; $441394 |
| &nbsp;&nbsp; 1162000 | T-Mobile USA, Inc., Sr. Unsecd. Note, 4.200%, 10/1/2029 | &nbsp;&nbsp; 1160868 |
| &nbsp;&nbsp; 215000 | T-Mobile USA, Inc., Sr. Unsecd. Note, 5.050%, 7/15/2033 | &nbsp;&nbsp; 219683 |
| &nbsp;&nbsp; 355000 | T-Mobile USA, Inc., Sr. Unsecd. Note, 5.650%, 1/15/2053 | &nbsp;&nbsp; 350997 |
| &nbsp;&nbsp; 350000 | Vodafone Group PLC, Sr. Unsecd. Note, 4.250%, 9/17/2050 | &nbsp;&nbsp; 279158 |
| &nbsp;&nbsp; 325000 | Vodafone Group PLC, Sr. Unsecd. Note, 5.750%, 6/28/2054 | &nbsp;&nbsp; 320191 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5472866 |
|  | **Communications - Telecom Wirelines—6.1%** |  |
| &nbsp;&nbsp; 452000 | AT&T, Inc., Sr. Unsecd. Note, 2.550%, 12/1/2033 | &nbsp;&nbsp; 385067 |
| &nbsp;&nbsp; 750000 | AT&T, Inc., Sr. Unsecd. Note, 2.750%, 6/1/2031 | &nbsp;&nbsp; 687627 |
| &nbsp;&nbsp; 300000 | AT&T, Inc., Sr. Unsecd. Note, 3.500%, 6/1/2041 | &nbsp;&nbsp; 239950 |
| &nbsp;&nbsp; 255000 | AT&T, Inc., Sr. Unsecd. Note, 3.850%, 6/1/2060 | &nbsp;&nbsp; 181474 |
| &nbsp;&nbsp; 600000 | AT&T, Inc., Sr. Unsecd. Note, 4.300%, 2/15/2030 | &nbsp;&nbsp; 601419 |
| &nbsp;&nbsp; 300000 | AT&T, Inc., Sr. Unsecd. Note, 4.900%, 11/1/2035 | &nbsp;&nbsp; 297775 |
| &nbsp;&nbsp; 400000 | AT&T, Inc., Sr. Unsecd. Note, 5.450%, 3/1/2047 | &nbsp;&nbsp; 387034 |
| &nbsp;&nbsp; 245000 | AT&T, Inc., Sr. Unsecd. Note, 6.375%, 3/1/2041 | &nbsp;&nbsp; 265077 |
| &nbsp;&nbsp; 545000 | AT&T, Inc., Sr. Unsecd. Note, Series WI, 5.300%, 8/15/2058 | &nbsp;&nbsp; 488871 |
| &nbsp;&nbsp; 315000 | Rogers Communications, Inc., Sr. Unsecd. Note, 4.500%, 3/15/2042 | &nbsp;&nbsp; 274424 |
| &nbsp;&nbsp; 250000 | Rogers Communications, Inc., Sr. Unsecd. Note, 4.550%, 3/15/2052 | &nbsp;&nbsp; 207392 |
| &nbsp;&nbsp; 200000 | Rogers Communications, Inc., Sr. Unsecd. Note, 5.000%, 2/15/2029 | &nbsp;&nbsp; 203864 |
| &nbsp;&nbsp; 600000 | Verizon Communications, Inc., Sr. Unsecd. Note, 2.100%, 3/22/2028 | &nbsp;&nbsp; 572386 |
| &nbsp;&nbsp; 200000 | Verizon Communications, Inc., Sr. Unsecd. Note, 2.550%, 3/21/2031 | &nbsp;&nbsp; 181888 |
| &nbsp;&nbsp; 635000 | Verizon Communications, Inc., Sr. Unsecd. Note, 3.400%, 3/22/2041 | &nbsp;&nbsp; 502004 |
| &nbsp;&nbsp; 140000 | Verizon Communications, Inc., Sr. Unsecd. Note, 4.000%, 3/22/2050 | &nbsp;&nbsp; 110225 |
| &nbsp;&nbsp; 100000 | Verizon Communications, Inc., Sr. Unsecd. Note, 4.125%, 3/16/2027 | &nbsp;&nbsp; 100122 |
| &nbsp;&nbsp; 390000 | Verizon Communications, Inc., Sr. Unsecd. Note, 4.125%, 8/15/2046 | &nbsp;&nbsp; 318566 |
| &nbsp;&nbsp; 676000 | Verizon Communications, Inc., Sr. Unsecd. Note, 4.780%, 2/15/2035 | &nbsp;&nbsp; 665252 |
| &nbsp;&nbsp; 500000 | Verizon Communications, Inc., Sr. Unsecd. Note, Series WI, 1.680%, 10/30/2030 | &nbsp;&nbsp; 439825 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7110242 |
|  | **Consumer Cyclical - Automotive—3.8%** |  |
| &nbsp;&nbsp; 200000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 5.113%, 5/3/2029 | &nbsp;&nbsp; 198568 |
| &nbsp;&nbsp; 300000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 6.798%, 11/7/2028 | &nbsp;&nbsp; 313317 |
| &nbsp;&nbsp; 205000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 7.122%, 11/7/2033 | &nbsp;&nbsp; 219221 |
| &nbsp;&nbsp; 105000 | General Motors Co., Sr. Unsecd. Note, 5.200%, 4/1/2045 | &nbsp;&nbsp; 94649 |
| &nbsp;&nbsp; 110000 | General Motors Co., Sr. Unsecd. Note, 6.750%, 4/1/2046 | &nbsp;&nbsp; 117872 |
| &nbsp;&nbsp; 750000 | General Motors Financial Co., Inc., Sr. Unsecd. Note, 1.500%, 6/10/2026 | &nbsp;&nbsp; 736040 |
| &nbsp;&nbsp; 425000 | General Motors Financial Co., Inc., Sr. Unsecd. Note, 2.400%, 4/10/2028 | &nbsp;&nbsp; 405558 |
| &nbsp;&nbsp; 50000 | General Motors Financial Co., Inc., Sr. Unsecd. Note, 2.700%, 8/20/2027 | &nbsp;&nbsp; 48615 |
| &nbsp;&nbsp; 150000 | General Motors Financial Co., Inc., Sr. Unsecd. Note, 5.450%, 9/6/2034 | &nbsp;&nbsp; 150984 |
| &nbsp;&nbsp; 400000 | General Motors Financial Co., Inc., Sr. Unsecd. Note, 5.750%, 2/8/2031 | &nbsp;&nbsp; 416866 |
| &nbsp;&nbsp; 600000 | Hyundai Capital America, Sr. Unsecd. Note, 144A, 4.900%, 6/23/2028 | &nbsp;&nbsp; 608693 |
| &nbsp;&nbsp; 1200000 | Nissan Motor Acceptance Co. LLC., Sr. Unsecd. Note, 144A, 1.850%, 9/16/2026 | &nbsp;&nbsp; 1157660 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4468043 |
|  | **Consumer Cyclical - Retailers—1.5%** |  |
| &nbsp;&nbsp; 150000 | Advance Auto Parts, Inc., Sr. Unsecd. Note, 1.750%, 10/1/2027 | &nbsp;&nbsp; 140752 |
| &nbsp;&nbsp; 225000 | Advance Auto Parts, Inc., Sr. Unsecd. Note, Series WI, 3.900%, 4/15/2030 | &nbsp;&nbsp; 209072 |
| &nbsp;&nbsp; 250000 | Alimentation Couche-Tard, Inc., Sr. Unsecd. Note, 144A, 3.800%, 1/25/2050 | &nbsp;&nbsp; 189478 |
| &nbsp;&nbsp; 130000 | AutoNation, Inc., Sr. Unsecd. Note, 4.500%, 10/1/2025 | &nbsp;&nbsp; 130000 |
| &nbsp;&nbsp; 450000 | AutoZone, Inc., Sr. Unsecd. Note, 5.400%, 7/15/2034 | &nbsp;&nbsp; 467239 |
| &nbsp;&nbsp; 210000 | O'Reilly Automotive, Inc., Sr. Unsecd. Note, 1.750%, 3/15/2031 | &nbsp;&nbsp; 183122 |

---

**3**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Consumer Cyclical - Retailers—continued** |  |
| $160000 | O'Reilly Automotive, Inc., Sr. Unsecd. Note, 4.200%, 4/1/2030 | &nbsp;&nbsp; $159557 |
| &nbsp;&nbsp; 230000 | Tractor Supply Co., Sr. Unsecd. Note, 5.250%, 5/15/2033 | &nbsp;&nbsp; 237577 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1716797 |
|  | **Consumer Cyclical - Services—0.5%** |  |
| &nbsp;&nbsp; 290000 | Sodexo, Inc., Sr. Secd. Note, 144A, 5.800%, 8/15/2035 | &nbsp;&nbsp; 304228 |
| &nbsp;&nbsp; 315000 | Uber Technologies, Inc., Sr. Unsecd. Note, 4.300%, 1/15/2030 | &nbsp;&nbsp; 316145 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 620373 |
|  | **Consumer Non-Cyclical - Food/Beverage—5.1%** |  |
| &nbsp;&nbsp; 125000 | Bacardi Ltd., Sr. Unsecd. Note, 144A, 2.750%, 7/15/2026 | &nbsp;&nbsp; 123322 |
| &nbsp;&nbsp; 1200000 | Bacardi-MartinI B.V, Sr. Unsecd. Note, 144A, 6.000%, 2/1/2035 | &nbsp;&nbsp; 1249164 |
| &nbsp;&nbsp; 325000 | Coca-Cola Europacific Partners PLC, Sr. Unsecd. Note, 144A, 1.500%, 1/15/2027 | &nbsp;&nbsp; 314423 |
| &nbsp;&nbsp; 360000 | Conagra Brands, Inc., Sr. Unsecd. Note, 1.375%, 11/1/2027 | &nbsp;&nbsp; 339194 |
| &nbsp;&nbsp; 115000 | Constellation Brands, Inc., Sr. Unsecd. Note, 4.800%, 1/15/2029 | &nbsp;&nbsp; 116854 |
| &nbsp;&nbsp; 300000<br><sup>1</sup> <br>| Constellation Brands, Inc., Sr. Unsecd. Note, 4.900%, 5/1/2033 | &nbsp;&nbsp; 302977 |
| &nbsp;&nbsp; 125000 | Constellation Brands, Inc., Sr. Unsecd. Note, 5.250%, 11/15/2048 | &nbsp;&nbsp; 116449 |
| &nbsp;&nbsp; 210000 | Flowers Foods, Inc., Sr. Unsecd. Note, 3.500%, 10/1/2026 | &nbsp;&nbsp; 208202 |
| &nbsp;&nbsp; 600000 | Flowers Foods, Inc., Sr. Unsecd. Note, 5.750%, 3/15/2035 | &nbsp;&nbsp; 611562 |
| &nbsp;&nbsp; 230000 | General Mills, Inc., Sr. Unsecd. Note, 3.000%, 2/1/2051 | &nbsp;&nbsp; 150180 |
| &nbsp;&nbsp; 75000 | Heineken NV, Sr. Unsecd. Note, 144A, 4.350%, 3/29/2047 | &nbsp;&nbsp; 62807 |
| &nbsp;&nbsp; 148000 | International Flavors & Fragrances, Inc., Sr. Unsecd. Note, 144A, 2.300%, 11/1/2030 | &nbsp;&nbsp; 132477 |
| &nbsp;&nbsp; 375000 | Kraft Heinz Foods Co., Sr. Unsecd. Note, 4.375%, 6/1/2046 | &nbsp;&nbsp; 312305 |
| &nbsp;&nbsp; 250000 | McCormick & Co., Inc., Sr. Unsecd. Note, 3.400%, 8/15/2027 | &nbsp;&nbsp; 247163 |
| &nbsp;&nbsp; 100000 | Smithfield Foods, Inc., Sr. Unsecd. Note, 144A, 2.625%, 9/13/2031 | &nbsp;&nbsp; 87648 |
| &nbsp;&nbsp; 300000 | Smithfield Foods, Inc., Sr. Unsecd. Note, 144A, 3.000%, 10/15/2030 | &nbsp;&nbsp; 274216 |
| &nbsp;&nbsp; 150000 | Smithfield Foods, Inc., Sr. Unsecd. Note, 144A, 4.250%, 2/1/2027 | &nbsp;&nbsp; 149034 |
| &nbsp;&nbsp; 180000 | Smucker (J.M.) Co., Sr. Unsecd. Note, 2.375%, 3/15/2030 | &nbsp;&nbsp; 166299 |
| &nbsp;&nbsp; 280000 | The Campbell's Co., Sr. Unsecd. Note, 4.750%, 3/23/2035 | &nbsp;&nbsp; 271682 |
| &nbsp;&nbsp; 125000 | The Campbell's Co., Sr. Unsecd. Note, 5.200%, 3/21/2029 | &nbsp;&nbsp; 128404 |
| &nbsp;&nbsp; 550000 | Tyson Foods, Inc., Sr. Unsecd. Note, 5.700%, 3/15/2034 | &nbsp;&nbsp; 579832 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5944194 |
|  | **Consumer Non-Cyclical - Health Care—4.1%** |  |
| &nbsp;&nbsp; 220000 | Alcon Finance Corp., Sr. Unsecd. Note, 144A, 3.000%, 9/23/2029 | &nbsp;&nbsp; 209789 |
| &nbsp;&nbsp; 179000 | Becton Dickinson & Co., Sr. Unsecd. Note, 4.685%, 12/15/2044 | &nbsp;&nbsp; 160608 |
| &nbsp;&nbsp; 125000 | Becton Dickinson & Co., Sr. Unsecd. Note, 4.874%, 2/8/2029 | &nbsp;&nbsp; 127505 |
| &nbsp;&nbsp; 200000 | CVS Health Corp., Sr. Unsecd. Note, 2.875%, 6/1/2026 | &nbsp;&nbsp; 198187 |
| &nbsp;&nbsp; 880000 | CVS Health Corp., Sr. Unsecd. Note, 5.050%, 3/25/2048 | &nbsp;&nbsp; 783668 |
| &nbsp;&nbsp; 250000 | CVS Health Corp., Sr. Unsecd. Note, 5.125%, 2/21/2030 | &nbsp;&nbsp; 256328 |
| &nbsp;&nbsp; 520000 | CVS Health Corp., Sr. Unsecd. Note, 5.125%, 7/20/2045 | &nbsp;&nbsp; 472319 |
| &nbsp;&nbsp; 150000 | CVS Health Corp., Sr. Unsecd. Note, 5.700%, 6/1/2034 | &nbsp;&nbsp; 156600 |
| &nbsp;&nbsp; 200000 | CVS Health Corp., Sr. Unsecd. Note, 6.050%, 6/1/2054 | &nbsp;&nbsp; 202444 |
| &nbsp;&nbsp; 250000 | GE HealthCare Technologies, Inc., Sr. Unsecd. Note, 4.800%, 8/14/2029 | &nbsp;&nbsp; 255090 |
| &nbsp;&nbsp; 250000 | GE HealthCare Technologies, Inc., Sr. Unsecd. Note, 5.905%, 11/22/2032 | &nbsp;&nbsp; 269113 |
| &nbsp;&nbsp; 145000 | GE HealthCare Technologies, Inc., Sr. Unsecd. Note, 6.377%, 11/22/2052 | &nbsp;&nbsp; 160334 |
| &nbsp;&nbsp; 250000 | HCA, Inc., Sec. Fac. Bond, 3.500%, 7/15/2051 | &nbsp;&nbsp; 171155 |
| &nbsp;&nbsp; 755000 | HCA, Inc., Sr. Unsecd. Note, 5.950%, 9/15/2054 | &nbsp;&nbsp; 753861 |
| &nbsp;&nbsp; 365000 | HCA, Inc., Sr. Unsecd. Note, 6.000%, 4/1/2054 | &nbsp;&nbsp; 365962 |
| &nbsp;&nbsp; 194000 | Solventum Corp., Sr. Unsecd. Note, Series WI, 5.400%, 3/1/2029 | &nbsp;&nbsp; 200247 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4743210 |
|  | **Consumer Non-Cyclical - Pharmaceuticals—2.4%** |  |
| &nbsp;&nbsp; 750000 | Amgen, Inc., Sr. Unsecd. Note, 2.450%, 2/21/2030 | &nbsp;&nbsp; 694919 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Consumer Non-Cyclical - Pharmaceuticals—continued** |  |
| $680000 | Amgen, Inc., Sr. Unsecd. Note, 5.250%, 3/2/2033 | &nbsp;&nbsp; $704581 |
| &nbsp;&nbsp; 520000 | Amgen, Inc., Sr. Unsecd. Note, 5.650%, 3/2/2053 | &nbsp;&nbsp; 519029 |
| &nbsp;&nbsp; 300000 | Bayer US Finance II LLC, Sr. Unsecd. Note, 144A, 4.625%, 6/25/2038 | &nbsp;&nbsp; 271746 |
| &nbsp;&nbsp; 250000 | Bayer US Finance LLC, Sr. Unsecd. Note, 144A, 6.500%, 11/21/2033 | &nbsp;&nbsp; 269782 |
| &nbsp;&nbsp; 325000 | Biogen, Inc., Sr. Unsecd. Note, 3.150%, 5/1/2050 | &nbsp;&nbsp; 211499 |
| &nbsp;&nbsp; 250000 | Takeda Pharmaceutical Co. Ltd., Sr. Unsecd. Note, 3.025%, 7/9/2040 | &nbsp;&nbsp; 190856 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2862412 |
|  | **Consumer Non-Cyclical - Supermarkets—0.8%** |  |
| &nbsp;&nbsp; 300000 | Kroger Co., Bond, 6.900%, 4/15/2038 | &nbsp;&nbsp; 344278 |
| &nbsp;&nbsp; 125000 | Kroger Co., Sr. Unsecd. Note, 3.950%, 1/15/2050 | &nbsp;&nbsp; 97332 |
| &nbsp;&nbsp; 535000 | Kroger Co., Sr. Unsecd. Note, 5.000%, 9/15/2034 | &nbsp;&nbsp; 539827 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 981437 |
|  | **Consumer Non-Cyclical - Tobacco—1.8%** |  |
| &nbsp;&nbsp; 500000 | Altria Group, Inc., Sr. Unsecd. Note, 3.700%, 2/4/2051 | &nbsp;&nbsp; 360660 |
| &nbsp;&nbsp; 100000 | Altria Group, Inc., Sr. Unsecd. Note, 3.875%, 9/16/2046 | &nbsp;&nbsp; 76767 |
| &nbsp;&nbsp; 100000 | Altria Group, Inc., Sr. Unsecd. Note, 4.800%, 2/14/2029 | &nbsp;&nbsp; 101617 |
| &nbsp;&nbsp; 325000 | BAT Capital Corp., Sr. Unsecd. Note, 2.259%, 3/25/2028 | &nbsp;&nbsp; 310634 |
| &nbsp;&nbsp; 130000 | BAT Capital Corp., Sr. Unsecd. Note, 4.625%, 3/22/2033 | &nbsp;&nbsp; 128704 |
| &nbsp;&nbsp; 50000 | BAT Capital Corp., Sr. Unsecd. Note, 5.650%, 3/16/2052 | &nbsp;&nbsp; 47878 |
| &nbsp;&nbsp; 515000 | BAT Capital Corp., Sr. Unsecd. Note, 6.000%, 2/20/2034 | &nbsp;&nbsp; 550394 |
| &nbsp;&nbsp; 100000 | BAT Capital Corp., Sr. Unsecd. Note, Series WI, 3.557%, 8/15/2027 | &nbsp;&nbsp; 99000 |
| &nbsp;&nbsp; 200000 | BAT Capital Corp., Sr. Unsecd. Note, Series WI, 4.540%, 8/15/2047 | &nbsp;&nbsp; 167822 |
| &nbsp;&nbsp; 300000 | Reynolds American, Inc., Sr. Unsecd. Note, 7.000%, 8/4/2041 | &nbsp;&nbsp; 325276 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2168752 |
|  | **Energy - Independent—1.3%** |  |
| &nbsp;&nbsp; 305000 | APA Corp., Sr. Unsecd. Note, 6.100%, 2/15/2035 | &nbsp;&nbsp; 311918 |
| &nbsp;&nbsp; 115000 | Coterra Energy, Inc., Sr. Unsecd. Note, Series WI, 3.900%, 5/15/2027 | &nbsp;&nbsp; 114300 |
| &nbsp;&nbsp; 175000 | Coterra Energy, Inc., Sr. Unsecd. Note, Series WI, 4.375%, 3/15/2029 | &nbsp;&nbsp; 174704 |
| &nbsp;&nbsp; 135000 | Diamondback Energy, Inc., Sr. Unsecd. Note, 5.750%, 4/18/2054 | &nbsp;&nbsp; 130039 |
| &nbsp;&nbsp; 190000 | Diamondback Energy, Inc., Sr. Unsecd. Note, 6.250%, 3/15/2053 | &nbsp;&nbsp; 194749 |
| &nbsp;&nbsp; 355000 | Hess Corp., Sr. Unsecd. Note, 5.600%, 2/15/2041 | &nbsp;&nbsp; 368652 |
| &nbsp;&nbsp; 260000 | Ovintiv, Inc., Sr. Unsecd. Note, 7.100%, 7/15/2053 | &nbsp;&nbsp; 281050 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1575412 |
|  | **Energy - Integrated—0.6%** |  |
| &nbsp;&nbsp; 305000 | Cenovus Energy, Inc., Sr. Unsecd. Note, 3.750%, 2/15/2052 | &nbsp;&nbsp; 216930 |
| &nbsp;&nbsp; 175000 | Cenovus Energy, Inc., Sr. Unsecd. Note, 4.250%, 4/15/2027 | &nbsp;&nbsp; 175076 |
| &nbsp;&nbsp; 130000 | Petroleos Mexicanos, Sr. Unsecd. Note, 6.500%, 3/13/2027 | &nbsp;&nbsp; 131712 |
| &nbsp;&nbsp; 250000 | Suncor Energy, Inc., Sr. Unsecd. Note, 3.750%, 3/4/2051 | &nbsp;&nbsp; 180669 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 704387 |
|  | **Energy - Midstream—8.1%** |  |
| &nbsp;&nbsp; 275000 | Boardwalk Pipeline Partners LP, Sr. Unsecd. Note, 3.400%, 2/15/2031 | &nbsp;&nbsp; 257649 |
| &nbsp;&nbsp; 197000 | Boardwalk Pipeline Partners LP, Sr. Unsecd. Note, 4.800%, 5/3/2029 | &nbsp;&nbsp; 200009 |
| &nbsp;&nbsp; 100000 | Columbia Pipeline Group, Inc., Sr. Unsecd. Note, 5.800%, 6/1/2045 | &nbsp;&nbsp; 99822 |
| &nbsp;&nbsp; 245000 | Columbia Pipeline Holding Co. LLC, Sr. Unsecd. Note, 144A, 5.681%, 1/15/2034 | &nbsp;&nbsp; 252848 |
| &nbsp;&nbsp; 65000 | Eastern Gas Transmission & Storage, Inc., Sr. Unsecd. Note, 3.900%, 11/15/2049 | &nbsp;&nbsp; 48225 |
| &nbsp;&nbsp; 80000 | Enbridge Energy Partners LP, Sr. Unsecd. Note, 5.500%, 9/15/2040 | &nbsp;&nbsp; 79527 |
| &nbsp;&nbsp; 300000 | Enbridge, Inc., Sr. Unsecd. Note, 3.125%, 11/15/2029 | &nbsp;&nbsp; 285942 |
| &nbsp;&nbsp; 400000 | Enbridge, Inc., Sr. Unsecd. Note, 5.700%, 3/8/2033 | &nbsp;&nbsp; 421085 |
| &nbsp;&nbsp; 150000 | Energy Transfer LP, Sr. Unsecd. Note, 5.000%, 5/15/2050 | &nbsp;&nbsp; 128503 |
| &nbsp;&nbsp; 250000 | Energy Transfer LP, Sr. Unsecd. Note, 5.300%, 4/15/2047 | &nbsp;&nbsp; 225980 |

---

**5**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Energy - Midstream—continued** |  |
| $390000 | Energy Transfer LP, Sr. Unsecd. Note, 5.550%, 2/15/2028 | &nbsp;&nbsp; $401528 |
| &nbsp;&nbsp; 250000 | Energy Transfer LP, Sr. Unsecd. Note, 6.125%, 12/15/2045 | &nbsp;&nbsp; 251863 |
| &nbsp;&nbsp; 200000 | Enterprise Products Operating LLC, Sr. Unsecd. Note, 4.250%, 2/15/2048 | &nbsp;&nbsp; 166623 |
| &nbsp;&nbsp; 300000 | Kinder Morgan, Inc., 5.050%, 2/15/2046 | &nbsp;&nbsp; 273034 |
| &nbsp;&nbsp; 300000 | Kinder Morgan, Inc., Sr. Unsecd. Note, 4.300%, 3/1/2028 | &nbsp;&nbsp; 301348 |
| &nbsp;&nbsp; 330000 | Kinder Morgan, Inc., Sr. Unsecd. Note, 5.950%, 8/1/2054 | &nbsp;&nbsp; 332669 |
| &nbsp;&nbsp; 200000 | MPLX LP, Sr. Unsecd. Note, 2.650%, 8/15/2030 | &nbsp;&nbsp; 183697 |
| &nbsp;&nbsp; 170000 | MPLX LP, Sr. Unsecd. Note, 4.125%, 3/1/2027 | &nbsp;&nbsp; 169821 |
| &nbsp;&nbsp; 100000 | MPLX LP, Sr. Unsecd. Note, 4.900%, 4/15/2058 | &nbsp;&nbsp; 83279 |
| &nbsp;&nbsp; 535000 | MPLX LP, Sr. Unsecd. Note, 4.950%, 3/14/2052 | &nbsp;&nbsp; 456791 |
| &nbsp;&nbsp; 200000 | MPLX LP, Sr. Unsecd. Note, 5.500%, 6/1/2034 | &nbsp;&nbsp; 203940 |
| &nbsp;&nbsp; 80000 | MPLX LP, Sr. Unsecd. Note, Series WI, 4.250%, 12/1/2027 | &nbsp;&nbsp; 80104 |
| &nbsp;&nbsp; 225000 | National Fuel Gas Co., Sr. Secd. Note, 5.950%, 3/15/2035 | &nbsp;&nbsp; 234863 |
| &nbsp;&nbsp; 195000 | National Fuel Gas Co., Sr. Unsecd. Note, 2.950%, 3/1/2031 | &nbsp;&nbsp; 178053 |
| &nbsp;&nbsp; 425000 | ONEOK, Inc., Sr. Unsecd. Note, 3.100%, 3/15/2030 | &nbsp;&nbsp; 401506 |
| &nbsp;&nbsp; 500000 | ONEOK, Inc., Sr. Unsecd. Note, 6.050%, 9/1/2033 | &nbsp;&nbsp; 530380 |
| &nbsp;&nbsp; 550000 | ONEOK, Inc., Sr. Unsecd. Note, 6.625%, 9/1/2053 | &nbsp;&nbsp; 585465 |
| &nbsp;&nbsp; 300000 | Plains All American Pipeline LP, Sr. Unsecd. Note, 5.150%, 6/1/2042 | &nbsp;&nbsp; 274067 |
| &nbsp;&nbsp; 125000 | Southern Natural Gas Co. LLC, Sr. Unsecd. Note, 144A, 4.800%, 3/15/2047 | &nbsp;&nbsp; 111224 |
| &nbsp;&nbsp; 250000 | Targa Resources Partners LP / Targa Resources Partners Finance Corp., Sr. Unsecd. Note, 5.500%, 3/1/2030 | &nbsp;&nbsp; 254356 |
| &nbsp;&nbsp; 350000 | Targa Resources, Inc., Sr. Unsecd. Note, 6.125%, 3/15/2033 | &nbsp;&nbsp; 372363 |
| &nbsp;&nbsp; 250000 | Targa Resources, Inc., Sr. Unsecd. Note, 6.250%, 7/1/2052 | &nbsp;&nbsp; 255224 |
| &nbsp;&nbsp; 150000 | TC Pipelines, LP, Sr. Unsecd. Note, 3.900%, 5/25/2027 | &nbsp;&nbsp; 149213 |
| &nbsp;&nbsp; 350000 | Williams Cos., Inc., Sr. Unsecd. Note, 4.900%, 1/15/2045 | &nbsp;&nbsp; 314862 |
| &nbsp;&nbsp; 280000 | Williams Cos., Inc., Sr. Unsecd. Note, 5.150%, 3/15/2034 | &nbsp;&nbsp; 284398 |
| &nbsp;&nbsp; 500000 | Williams Cos., Inc., Sr. Unsecd. Note, 5.600%, 3/15/2035 | &nbsp;&nbsp; 519181 |
| &nbsp;&nbsp; 125000 | Williams Cos., Inc., Sr. Unsecd. Note, 5.800%, 11/15/2054 | &nbsp;&nbsp; 125550 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9494992 |
|  | **Energy - Refining—0.8%** |  |
| &nbsp;&nbsp; 275000 | Marathon Petroleum Corp., Sr. Unsecd. Note, 4.750%, 9/15/2044 | &nbsp;&nbsp; 236917 |
| &nbsp;&nbsp; 150000 | Marathon Petroleum Corp., Sr. Unsecd. Note, 6.500%, 3/1/2041 | &nbsp;&nbsp; 161777 |
| &nbsp;&nbsp; 265000 | Phillips 66, Sr. Unsecd. Note, 4.875%, 11/15/2044 | &nbsp;&nbsp; 236647 |
| &nbsp;&nbsp; 200000 | Valero Energy Corp., Sr. Unsecd. Note, 2.800%, 12/1/2031 | &nbsp;&nbsp; 181606 |
| &nbsp;&nbsp; 200000 | Valero Energy Corp., Sr. Unsecd. Note, 4.900%, 3/15/2045 | &nbsp;&nbsp; 180386 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 997333 |
|  | **Financial Institution - Banking—8.9%** |  |
| &nbsp;&nbsp; 300000 | Capital One Financial Co., Sr. Unsecd. Note, 3.273%, 3/1/2030 | &nbsp;&nbsp; 289351 |
| &nbsp;&nbsp; 500000 | Capital One Financial Co., Sr. Unsecd. Note, 3.750%, 3/9/2027 | &nbsp;&nbsp; 497361 |
| &nbsp;&nbsp; 400000 | Capital One Financial Co., Sr. Unsecd. Note, 5.197%, 9/11/2036 | &nbsp;&nbsp; 395752 |
| &nbsp;&nbsp; 200000 | Capital One Financial Co., Sr. Unsecd. Note, 5.817%, 2/1/2034 | &nbsp;&nbsp; 209805 |
| &nbsp;&nbsp; 450000 | Citigroup, Inc., Sub. Note, 4.450%, 9/29/2027 | &nbsp;&nbsp; 451949 |
| &nbsp;&nbsp; 500000 | Citigroup, Inc., Sub., 5.827%, 2/13/2035 | &nbsp;&nbsp; 518747 |
| &nbsp;&nbsp; 385000 | Citigroup, Inc., Sub., 6.174%, 5/25/2034 | &nbsp;&nbsp; 409784 |
| &nbsp;&nbsp; 300000 | Citizens Financial Group, Inc., Sr. Unsecd. Note, 5.841%, 1/23/2030 | &nbsp;&nbsp; 312765 |
| &nbsp;&nbsp; 580000 | Citizens Financial Group, Inc., Sub. Note, 2.638%, 9/30/2032 | &nbsp;&nbsp; 495702 |
| &nbsp;&nbsp; 200000 | Comerica, Inc., 3.800%, 7/22/2026 | &nbsp;&nbsp; 198920 |
| &nbsp;&nbsp; 580000 | Comerica, Inc., Sr. Unsecd. Note, 5.982%, 1/30/2030 | &nbsp;&nbsp; 603693 |
| &nbsp;&nbsp; 200000 | Fifth Third Bancorp, Sr. Unsecd. Note, 3.950%, 3/14/2028 | &nbsp;&nbsp; 199312 |
| &nbsp;&nbsp; 345000 | Fifth Third Bancorp, Sr. Unsecd. Note, 4.337%, 4/25/2033 | &nbsp;&nbsp; 336382 |
| &nbsp;&nbsp; 250000 | Fifth Third Bancorp, Sr. Unsecd. Note, 6.361%, 10/27/2028 | &nbsp;&nbsp; 260768 |

---

**6**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Financial Institution - Banking—continued** |  |
| $545000 | FNB Corp. (PA), 5.722%, 12/11/2030 | &nbsp;&nbsp; $553593 |
| &nbsp;&nbsp; 250000 | Goldman Sachs Group, Inc., 5.950%, 1/15/2027 | &nbsp;&nbsp; 256273 |
| &nbsp;&nbsp; 450000 | Goldman Sachs Group, Inc., Sub. Note, 4.250%, 10/21/2025 | &nbsp;&nbsp; 449711 |
| &nbsp;&nbsp; 150000 | Huntington Bancshares, Inc., Sr. Unsecd. Note, 5.272%, 1/15/2031 | &nbsp;&nbsp; 154636 |
| &nbsp;&nbsp; 150000 | Huntington Bancshares, Inc., Sr. Unsecd. Note, 5.709%, 2/2/2035 | &nbsp;&nbsp; 156393 |
| &nbsp;&nbsp; 800000 | KeyCorp, Sr. Unsecd. Note, 6.401%, 3/6/2035 | &nbsp;&nbsp; 868457 |
| &nbsp;&nbsp; 300000 | KeyCorp, Sr. Unsecd. Note, Series MTN, 2.550%, 10/1/2029 | &nbsp;&nbsp; 281205 |
| &nbsp;&nbsp; 100000 | KeyCorp, Sr. Unsecd. Note, Series MTN, 4.100%, 4/30/2028 | &nbsp;&nbsp; 99879 |
| &nbsp;&nbsp; 480000 | M&T Bank Corp., Sr. Unsecd. Note, 7.413%, 10/30/2029 | &nbsp;&nbsp; 521543 |
| &nbsp;&nbsp; 100000 | M&T Bank Corp., Sr. Unsecd. Note, Series MTN, 5.385%, 1/16/2036 | &nbsp;&nbsp; 101418 |
| &nbsp;&nbsp; 200000 | Morgan Stanley, Sr. Unsecd. Note, Series GMTN, 2.239%, 7/21/2032 | &nbsp;&nbsp; 176686 |
| &nbsp;&nbsp; 450000 | Morgan Stanley, Sub. Note, 5.000%, 11/24/2025 | &nbsp;&nbsp; 450347 |
| &nbsp;&nbsp; 225000 | Regions Financial Corp., Sr. Unsecd. Note, 5.502%, 9/6/2035 | &nbsp;&nbsp; 231408 |
| &nbsp;&nbsp; 320000 | Regions Financial Corp., Sr. Unsecd. Note, 5.722%, 6/6/2030 | &nbsp;&nbsp; 333613 |
| &nbsp;&nbsp; 450000 | Synovus Bank GA, Sr. Unsecd. Note, 5.625%, 2/15/2028 | &nbsp;&nbsp; 459512 |
| &nbsp;&nbsp; 140000 | Synovus Financial Corp., Sr. Unsecd. Note, 6.168%, 11/1/2030 | &nbsp;&nbsp; 145390 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 10420355 |
|  | **Financial Institution - Broker/Asset Mgr/Exchange—1.0%** |  |
| &nbsp;&nbsp; 575000 | Jefferies Financial Group, Inc., Sr. Unsecd. Note, 2.750%, 10/15/2032 | &nbsp;&nbsp; 500441 |
| &nbsp;&nbsp; 85000 | Jefferies Financial Group, Inc., Sr. Unsecd. Note, 5.875%, 7/21/2028 | &nbsp;&nbsp; 88518 |
| &nbsp;&nbsp; 175000 | Jefferies Financial Group, Inc., Sr. Unsecd. Note, 6.200%, 4/14/2034 | &nbsp;&nbsp; 186130 |
| &nbsp;&nbsp; 400000 | Stifel Financial Corp., Sr. Unsecd. Note, 4.000%, 5/15/2030 | &nbsp;&nbsp; 392210 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1167299 |
|  | **Financial Institution - Finance Companies—2.6%** |  |
| &nbsp;&nbsp; 675000 | AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 3.000%, 10/29/2028 | &nbsp;&nbsp; 650697 |
| &nbsp;&nbsp; 600000 | AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 3.400%, 10/29/2033 | &nbsp;&nbsp; 539409 |
| &nbsp;&nbsp; 335000 | AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 5.000%, 11/15/2035 | &nbsp;&nbsp; 331545 |
| &nbsp;&nbsp; 230000 | Air Lease Corp., Sr. Unsecd. Note, 2.200%, 1/15/2027 | &nbsp;&nbsp; 223820 |
| &nbsp;&nbsp; 475000 | Air Lease Corp., Sr. Unsecd. Note, 5.200%, 7/15/2031 | &nbsp;&nbsp; 484072 |
| &nbsp;&nbsp; 350000 | Aircastle Ltd., Sr. Secd. Note, 144A, 5.000%, 9/15/2030 | &nbsp;&nbsp; 352800 |
| &nbsp;&nbsp; 225000 | Ally Financial, Inc., Sr. Unsecd. Note, 6.184%, 7/26/2035 | &nbsp;&nbsp; 232204 |
| &nbsp;&nbsp; 210000 | Ally Financial, Inc., Sr. Unsecd. Note, 6.848%, 1/3/2030 | &nbsp;&nbsp; 222229 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3036776 |
|  | **Financial Institution - Insurance - Health—1.8%** |  |
| &nbsp;&nbsp; 575000 | Centene Corp., 2.500%, 3/1/2031 | &nbsp;&nbsp; 495672 |
| &nbsp;&nbsp; 225000 | Centene Corp., Sr. Unsecd. Note, 2.450%, 7/15/2028 | &nbsp;&nbsp; 209257 |
| &nbsp;&nbsp; 750000 | Elevance Health, Inc., Sr. Unsecd. Note, 4.750%, 2/15/2030 | &nbsp;&nbsp; 763018 |
| &nbsp;&nbsp; 500000 | Elevance Health, Inc., Sr. Unsecd. Note, 5.000%, 1/15/2036 | &nbsp;&nbsp; 496560 |
| &nbsp;&nbsp; 125000 | The Cigna Group, Sr. Unsecd. Note, 4.900%, 12/15/2048 | &nbsp;&nbsp; 112286 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2076793 |
|  | **Financial Institution - Insurance - Life—1.1%** |  |
| &nbsp;&nbsp; 495000 | Corebridge Financial, Inc., Sr. Unsecd. Note, 5.750%, 1/15/2034 | &nbsp;&nbsp; 521025 |
| &nbsp;&nbsp; 110000 | Lincoln National Corp., Sr. Note, 7.000%, 6/15/2040 | &nbsp;&nbsp; 125225 |
| &nbsp;&nbsp; 326000 | Lincoln National Corp., Sr. Unsecd. Note, 3.050%, 1/15/2030 | &nbsp;&nbsp; 309826 |
| &nbsp;&nbsp; 100000 | Lincoln National Corp., Sr. Unsecd. Note, 5.852%, 3/15/2034 | &nbsp;&nbsp; 104700 |
| &nbsp;&nbsp; 100000 | MetLife, Inc., Jr. Sub. Note, 10.750%, 8/1/2039 | &nbsp;&nbsp; 133743 |
| &nbsp;&nbsp; 50000 | Penn Mutual Life Insurance Co., Sr. Note, 144A, 7.625%, 6/15/2040 | &nbsp;&nbsp; 59086 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1253605 |
|  | **Financial Institution - Insurance - P&C—1.4%** |  |
| &nbsp;&nbsp; 425000 | Aon North America, Inc., 5.750%, 3/1/2054 | &nbsp;&nbsp; 428348 |

---

**7**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Financial Institution - Insurance - P&C—continued** |  |
| $375000 | Beacon Funding Trust, Sr. Unsecd. Note, 6.266%, 8/15/2054 | &nbsp;&nbsp; $384497 |
| &nbsp;&nbsp; 250000 | CNA Financial Corp., Sr. Unsecd. Note, 3.900%, 5/1/2029 | &nbsp;&nbsp; 246951 |
| &nbsp;&nbsp; 225000 | CNA Financial Corp., Sr. Unsecd. Note, 5.500%, 6/15/2033 | &nbsp;&nbsp; 233695 |
| &nbsp;&nbsp; 212000 | Liberty Mutual Group, Inc., Sr. Unsecd. Note, 144A, 4.569%, 2/1/2029 | &nbsp;&nbsp; 213486 |
| &nbsp;&nbsp; 120000 | The Hartford Insurance Group, Inc., Sr. Unsecd. Note, 6.625%, 4/15/2042 | &nbsp;&nbsp; 131234 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1638211 |
|  | **Financial Institution - REIT - Apartment—0.4%** |  |
| &nbsp;&nbsp; 205000 | UDR, Inc., Sr. Unsecd. Note, 3.100%, 11/1/2034 | &nbsp;&nbsp; 176926 |
| &nbsp;&nbsp; 180000 | UDR, Inc., Sr. Unsecd. Note, 5.125%, 9/1/2034 | &nbsp;&nbsp; 182587 |
| &nbsp;&nbsp; 100000 | UDR, Inc., Sr. Unsecd. Note, Series GMTN, 3.500%, 1/15/2028 | &nbsp;&nbsp; 98558 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 458071 |
|  | **Financial Institution - REIT - Healthcare—1.0%** |  |
| &nbsp;&nbsp; 75000 | Healthcare Trust of America, Sr. Unsecd. Note, 2.000%, 3/15/2031 | &nbsp;&nbsp; 65139 |
| &nbsp;&nbsp; 245000 | Healthcare Trust of America, Sr. Unsecd. Note, 3.100%, 2/15/2030 | &nbsp;&nbsp; 230810 |
| &nbsp;&nbsp; 400000 | Healthpeak Op LLC, Sr. Unsecd. Note, 4.750%, 1/15/2033 | &nbsp;&nbsp; 397622 |
| &nbsp;&nbsp; 150000 | Physicians Realty Trust, Sr. Unsecd. Note, 3.950%, 1/15/2028 | &nbsp;&nbsp; 148847 |
| &nbsp;&nbsp; 125000 | Welltower, Inc., Sr. Unsecd. Note, 2.800%, 6/1/2031 | &nbsp;&nbsp; 115038 |
| &nbsp;&nbsp; 200000 | Welltower, Inc., Sr. Unsecd. Note, 4.125%, 3/15/2029 | &nbsp;&nbsp; 199793 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1157249 |
|  | **Financial Institution - REIT - Office—1.4%** |  |
| &nbsp;&nbsp; 90000 | Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 3.950%, 1/15/2027 | &nbsp;&nbsp; 89724 |
| &nbsp;&nbsp; 100000 | Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 3.950%, 1/15/2028 | &nbsp;&nbsp; 99450 |
| &nbsp;&nbsp; 380000 | Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 4.700%, 7/1/2030 | &nbsp;&nbsp; 384085 |
| &nbsp;&nbsp; 155000 | Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 5.250%, 5/15/2036 | &nbsp;&nbsp; 155974 |
| &nbsp;&nbsp; 650000 | Boston Properties LP, Sr. Unsecd. Note, 2.900%, 3/15/2030 | &nbsp;&nbsp; 603783 |
| &nbsp;&nbsp; 340000 | Piedmont Operating Partnership, LP, Sr. Unsecd. Note, 2.750%, 4/1/2032 | &nbsp;&nbsp; 289865 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1622881 |
|  | **Financial Institution - REIT - Other—0.4%** |  |
| &nbsp;&nbsp; 95000 | WP Carey, Inc., Sr. Unsecd. Note, 3.850%, 7/15/2029 | &nbsp;&nbsp; 93602 |
| &nbsp;&nbsp; 375000 | WP Carey, Inc., Sr. Unsecd. Note, 5.375%, 6/30/2034 | &nbsp;&nbsp; 384526 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 478128 |
|  | **Financial Institution - REIT - Retail—0.9%** |  |
| &nbsp;&nbsp; 140000 | Kimco Realty Corp., Sr. Unsecd. Note, 2.800%, 10/1/2026 | &nbsp;&nbsp; 138158 |
| &nbsp;&nbsp; 350000 | Kimco Realty Corp., Sr. Unsecd. Note, 6.400%, 3/1/2034 | &nbsp;&nbsp; 387646 |
| &nbsp;&nbsp; 300000 | Regency Centers LP, Sr. Unsecd. Note, 3.700%, 6/15/2030 | &nbsp;&nbsp; 292170 |
| &nbsp;&nbsp; 210000 | Tanger Properties LP, Sr. Unsecd. Note, 3.125%, 9/1/2026 | &nbsp;&nbsp; 207653 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1025627 |
|  | **Technology—9.2%** |  |
| &nbsp;&nbsp; 425000 | CDW LLC/ CDW Finance Corp., Sr. Unsecd. Note, 2.670%, 12/1/2026 | &nbsp;&nbsp; 417113 |
| &nbsp;&nbsp; 300000 | CDW LLC/ CDW Finance Corp., Sr. Unsecd. Note, 3.250%, 2/15/2029 | &nbsp;&nbsp; 287393 |
| &nbsp;&nbsp; 500000<br><sup>1</sup> <br>| Concentrix Corp., Sr. Unsecd. Note, 6.600%, 8/2/2028 | &nbsp;&nbsp; 523695 |
| &nbsp;&nbsp; 370000 | Concentrix Corp., Sr. Unsecd. Note, 6.650%, 8/2/2026 | &nbsp;&nbsp; 375577 |
| &nbsp;&nbsp; 280000 | Dell International LLC / EMC Corp., Sr. Unsecd. Note, 5.000%, 4/1/2030 | &nbsp;&nbsp; 286906 |
| &nbsp;&nbsp; 350000 | Dell International LLC / EMC Corp., Sr. Unsecd. Note, 5.100%, 2/15/2036 | &nbsp;&nbsp; 348187 |
| &nbsp;&nbsp; 375000 | Dell International LLC / EMC Corp., Sr. Unsecd. Note, 5.300%, 10/1/2029 | &nbsp;&nbsp; 387319 |
| &nbsp;&nbsp; 375000 | Fiserv, Inc., Sr. Unsecd. Note, 3.500%, 7/1/2029 | &nbsp;&nbsp; 364547 |
| &nbsp;&nbsp; 530000 | Fiserv, Inc., Sr. Unsecd. Note, 5.600%, 3/2/2033 | &nbsp;&nbsp; 555566 |
| &nbsp;&nbsp; 225000 | Global Payments, Inc., Sr. Unsecd. Note, 2.150%, 1/15/2027 | &nbsp;&nbsp; 219319 |
| &nbsp;&nbsp; 160000 | Global Payments, Inc., Sr. Unsecd. Note, 3.200%, 8/15/2029 | &nbsp;&nbsp; 151989 |
| &nbsp;&nbsp; 75000 | Global Payments, Inc., Sr. Unsecd. Note, 4.450%, 6/1/2028 | &nbsp;&nbsp; 75182 |

---

**8**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Technology—continued** |  |
| $80000 | Global Payments, Inc., Sr. Unsecd. Note, 4.800%, 4/1/2026 | &nbsp;&nbsp; $80095 |
| &nbsp;&nbsp; 235000 | Hewlett Packard Enterprise Co., 5.600%, 10/15/2054 | &nbsp;&nbsp; 224902 |
| &nbsp;&nbsp; 510000 | Hewlett Packard Enterprise Co., Sr. Unsecd. Note, 5.000%, 10/15/2034 | &nbsp;&nbsp; 506222 |
| &nbsp;&nbsp; 225000 | Keysight Technologies, Inc., Sr. Unsecd. Note, 4.950%, 10/15/2034 | &nbsp;&nbsp; 226538 |
| &nbsp;&nbsp; 155000 | Lam Research Corp., Sr. Unsecd. Note, 4.000%, 3/15/2029 | &nbsp;&nbsp; 154927 |
| &nbsp;&nbsp; 245000 | Microchip Technology, Inc., Sr. Unsecd. Note, 5.050%, 3/15/2029 | &nbsp;&nbsp; 250496 |
| &nbsp;&nbsp; 390000 | Micron Technology, Inc., Sr. Unsecd. Note, 3.366%, 11/1/2041 | &nbsp;&nbsp; 301917 |
| &nbsp;&nbsp; 150000 | Oracle Corp., Sr. Unsecd. Note, 2.950%, 4/1/2030 | &nbsp;&nbsp; 141372 |
| &nbsp;&nbsp; 1600000 | Oracle Corp., Sr. Unsecd. Note, 3.600%, 4/1/2050 | &nbsp;&nbsp; 1127142 |
| &nbsp;&nbsp; 1000000 | Oracle Corp., Sr. Unsecd. Note, 3.650%, 3/25/2041 | &nbsp;&nbsp; 801340 |
| &nbsp;&nbsp; 495000 | Oracle Corp., Sr. Unsecd. Note, 4.200%, 9/27/2029 | &nbsp;&nbsp; 494054 |
| &nbsp;&nbsp; 700000 | Oracle Corp., Sr. Unsecd. Note, 5.550%, 2/6/2053 | &nbsp;&nbsp; 662808 |
| &nbsp;&nbsp; 110000 | Roper Technologies, Inc., Sr. Unsecd. Note, 2.950%, 9/15/2029 | &nbsp;&nbsp; 104869 |
| &nbsp;&nbsp; 60000 | Roper Technologies, Inc., Sr. Unsecd. Note, 3.850%, 12/15/2025 | &nbsp;&nbsp; 59941 |
| &nbsp;&nbsp; 245000 | Roper Technologies, Inc., Sr. Unsecd. Note, 4.200%, 9/15/2028 | &nbsp;&nbsp; 245600 |
| &nbsp;&nbsp; 275000 | Roper Technologies, Inc., Sr. Unsecd. Note, 4.900%, 10/15/2034 | &nbsp;&nbsp; 275447 |
| &nbsp;&nbsp; 235000 | Synopsys, Inc., Sr. Unsecd. Note, 4.650%, 4/1/2028 | &nbsp;&nbsp; 237671 |
| &nbsp;&nbsp; 75000 | Verisk Analytics, Inc., Sr. Unsecd. Note, 4.125%, 3/15/2029 | &nbsp;&nbsp; 74855 |
| &nbsp;&nbsp; 320000 | Verisk Analytics, Inc., Sr. Unsecd. Note, 5.250%, 6/5/2034 | &nbsp;&nbsp; 330133 |
| &nbsp;&nbsp; 160000 | VMware, Inc., Sr. Unsecd. Note, 1.400%, 8/15/2026 | &nbsp;&nbsp; 156481 |
| &nbsp;&nbsp; 305000 | VMware, Inc., Sr. Unsecd. Note, 2.200%, 8/15/2031 | &nbsp;&nbsp; 269115 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 10718718 |
|  | **Transportation - Railroads—0.6%** |  |
| &nbsp;&nbsp; 100000 | Canadian Pacific Railway Co., 7.125%, 10/15/2031 | &nbsp;&nbsp; 113778 |
| &nbsp;&nbsp; 225000 | Canadian Pacific Railway Co., Sr. Unsecd. Note, 1.750%, 12/2/2026 | &nbsp;&nbsp; 219202 |
| &nbsp;&nbsp; 105000 | Canadian Pacific Railway Co., Sr. Unsecd. Note, 2.050%, 3/5/2030 | &nbsp;&nbsp; 95724 |
| &nbsp;&nbsp; 100000 | Canadian Pacific Railway Co., Sr. Unsecd. Note, 2.450%, 12/2/2031 | &nbsp;&nbsp; 89080 |
| &nbsp;&nbsp; 195000 | Canadian Pacific Railway Co., Sr. Unsecd. Note, 3.000%, 12/2/2041 | &nbsp;&nbsp; 146253 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 664037 |
|  | **Transportation - Services—1.4%** |  |
| &nbsp;&nbsp; 250000 | FedEx Corp., Sr. Unsecd. Note, 144A, 3.250%, 5/15/2041 | &nbsp;&nbsp; 187191 |
| &nbsp;&nbsp; 150000 | FedEx Corp., Sr. Unsecd. Note, 144A, 4.050%, 2/15/2048 | &nbsp;&nbsp; 113981 |
| &nbsp;&nbsp; 300000 | GXO Logistics, Inc., Sr. Unsecd. Note, 6.250%, 5/6/2029 | &nbsp;&nbsp; 315182 |
| &nbsp;&nbsp; 100000 | Penske Truck Leasing Co. LP & PTL Finance Corp., Sr. Unsecd. Note, 144A, 1.700%, 6/15/2026 | &nbsp;&nbsp; 98171 |
| &nbsp;&nbsp; 250000 | Penske Truck Leasing Co. LP & PTL Finance Corp., Sr. Unsecd. Note, 144A, 5.250%, 7/1/2029 | &nbsp;&nbsp; 257216 |
| &nbsp;&nbsp; 100000 | Penske Truck Leasing Co. LP & PTL Finance Corp., Sr. Unsecd. Note, 144A, 5.250%, 2/1/2030 | &nbsp;&nbsp; 103192 |
| &nbsp;&nbsp; 170000 | Ryder System, Inc., Sr. Unsecd. Note, Series DMTN, 4.900%, 12/1/2029 | &nbsp;&nbsp; 173970 |
| &nbsp;&nbsp; 130000 | Ryder System, Inc., Sr. Unsecd. Note, Series MTN, 1.750%, 9/1/2026 | &nbsp;&nbsp; 127288 |
| &nbsp;&nbsp; 220000 | Ryder System, Inc., Sr. Unsecd. Note, Series MTN, 2.900%, 12/1/2026 | &nbsp;&nbsp; 216724 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1592915 |
|  | **Utility - Electric—7.5%** |  |
| &nbsp;&nbsp; 130000 | AEP Texas, Inc., Sr. Unsecd. Note, 3.850%, 10/1/2025 | &nbsp;&nbsp; 130000 |
| &nbsp;&nbsp; 135000 | AEP Texas, Inc., Sr. Unsecd. Note, 4.700%, 5/15/2032 | &nbsp;&nbsp; 134834 |
| &nbsp;&nbsp; 200000 | Ameren Corp., Sr. Unsecd. Note, 1.750%, 3/15/2028 | &nbsp;&nbsp; 189022 |
| &nbsp;&nbsp; 185000 | Ameren Corp., Sr. Unsecd. Note, 1.950%, 3/15/2027 | &nbsp;&nbsp; 179376 |
| &nbsp;&nbsp; 105000 | American Electric Power Co., Inc., Sr. Unsecd. Note, 5.625%, 3/1/2033 | &nbsp;&nbsp; 110431 |
| &nbsp;&nbsp; 100000 | Appalachian Power Co., Sr. Unsecd. Note, 7.000%, 4/1/2038 | &nbsp;&nbsp; 113530 |
| &nbsp;&nbsp; 170000 | Black Hills Corp., Sr. Unsecd. Note, 2.500%, 6/15/2030 | &nbsp;&nbsp; 156673 |
| &nbsp;&nbsp; 345000 | CenterPoint Energy, Inc., Sr. Unsecd. Note, 2.650%, 6/1/2031 | &nbsp;&nbsp; 312721 |
| &nbsp;&nbsp; 495000 | Constellation Energy Generation LLC, Sr. Unsecd. Note, 6.125%, 1/15/2034 | &nbsp;&nbsp; 539053 |

---

**9**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Utility - Electric—continued** |  |
| $120000 | Dominion Energy, Inc., Sr. Unsecd. Note, Series A, 1.450%, 4/15/2026 | &nbsp;&nbsp; $118208 |
| &nbsp;&nbsp; 240000 | Duke Energy Corp., Sr. Unsecd. Note, 2.650%, 9/1/2026 | &nbsp;&nbsp; 237153 |
| &nbsp;&nbsp; 250000 | Duke Energy Corp., Sr. Unsecd. Note, 4.300%, 3/15/2028 | &nbsp;&nbsp; 251254 |
| &nbsp;&nbsp; 625000 | Duke Energy Corp., Sr. Unsecd. Note, 6.100%, 9/15/2053 | &nbsp;&nbsp; 658691 |
| &nbsp;&nbsp; 250000 | EDP Finance B.V., Sr. Unsecd. Note, 144A, 1.710%, 1/24/2028 | &nbsp;&nbsp; 235923 |
| &nbsp;&nbsp; 250000 | Electricite de France S.A., Sr. Unsecd. Note, 144A, 6.250%, 5/23/2033 | &nbsp;&nbsp; 273003 |
| &nbsp;&nbsp; 390000 | Emera US Finance LP, Sr. Unsecd. Note, 4.750%, 6/15/2046 | &nbsp;&nbsp; 336987 |
| &nbsp;&nbsp; 300000 | Enel Finance International NV, Sr. Unsecd. Note, 144A, 2.500%, 7/12/2031 | &nbsp;&nbsp; 268030 |
| &nbsp;&nbsp; 400000 | Enel Finance International NV, Sr. Unsecd. Note, 144A, 5.000%, 9/30/2035 | &nbsp;&nbsp; 394360 |
| &nbsp;&nbsp; 250000 | EverSource Energy, Sr. Unsecd. Note, 5.450%, 3/1/2028 | &nbsp;&nbsp; 256853 |
| &nbsp;&nbsp; 250000 | EverSource Energy, Sr. Unsecd. Note, 5.500%, 1/1/2034 | &nbsp;&nbsp; 258368 |
| &nbsp;&nbsp; 140000 | Exelon Corp., Sr. Unsecd. Note, 4.100%, 3/15/2052 | &nbsp;&nbsp; 109850 |
| &nbsp;&nbsp; 215000 | Exelon Corp., Sr. Unsecd. Note, 5.125%, 3/15/2031 | &nbsp;&nbsp; 221810 |
| &nbsp;&nbsp; 650000 | Exelon Corp., Sr. Unsecd. Note, 5.150%, 3/15/2028 | &nbsp;&nbsp; 665221 |
| &nbsp;&nbsp; 180000 | FirstEnergy Transmission LLC, Sr. Unsecd. Note, 144A, 4.550%, 4/1/2049 | &nbsp;&nbsp; 154148 |
| &nbsp;&nbsp; 242000 | Fortis, Inc. / Canada, Sr. Unsecd. Note, 3.055%, 10/4/2026 | &nbsp;&nbsp; 239285 |
| &nbsp;&nbsp; 150000 | National Rural Utilities Cooperative Finance Corp., Sr. Sub. Note, 5.250%, 4/20/2046 | &nbsp;&nbsp; 149809 |
| &nbsp;&nbsp; 200000 | NextEra Energy Capital Holdings, Inc., Sr. Unsecd. Note, 3.550%, 5/1/2027 | &nbsp;&nbsp; 198389 |
| &nbsp;&nbsp; 225000 | NextEra Energy Capital Holdings, Inc., Sr. Unsecd. Note, 5.050%, 3/15/2030 | &nbsp;&nbsp; 231784 |
| &nbsp;&nbsp; 100000 | NiSource, Inc., Sr. Unsecd. Note, 3.950%, 3/30/2048 | &nbsp;&nbsp; 79897 |
| &nbsp;&nbsp; 100000 | NiSource, Inc., Sr. Unsecd. Note, 4.375%, 5/15/2047 | &nbsp;&nbsp; 84291 |
| &nbsp;&nbsp; 95000 | NiSource, Inc., Sr. Unsecd. Note, 5.250%, 3/30/2028 | &nbsp;&nbsp; 97528 |
| &nbsp;&nbsp; 200000 | NiSource, Inc., Sr. Unsecd. Note, 5.400%, 6/30/2033 | &nbsp;&nbsp; 207454 |
| &nbsp;&nbsp; 345000 | Public Service Enterprises Group, Inc., Sr. Unsecd. Note, 5.400%, 3/15/2035 | &nbsp;&nbsp; 355758 |
| &nbsp;&nbsp; 120000 | Puget Energy, Inc., Sec. Fac. Bond, 2.379%, 6/15/2028 | &nbsp;&nbsp; 114011 |
| &nbsp;&nbsp; 575000 | Southern Co., Jr. Sub. Note, Series B, 4.000%, 1/15/2051 | &nbsp;&nbsp; 573571 |
| &nbsp;&nbsp; 135000 | WEC Energy Group, Inc., Sr. Unsecd. Note, 2.200%, 12/15/2028 | &nbsp;&nbsp; 127346 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 8764622 |
|  | **Utility - Natural Gas—0.5%** |  |
| &nbsp;&nbsp; 500000 | Sempra Energy, Jr. Sub. Note, 4.125%, 4/1/2052 | &nbsp;&nbsp; 487736 |
| &nbsp;&nbsp; 135000 | Sempra Energy, Sr. Unsecd. Note, 3.700%, 4/1/2029 | &nbsp;&nbsp; 132352 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 620088 |
|  | **Utility - Natural Gas Distributor—0.1%** |  |
| &nbsp;&nbsp; 110000 | The East Ohio Gas Co., Sr. Unsecd. Note, 144A, 3.000%, 6/15/2050 | &nbsp;&nbsp; 71424 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CORPORATE BONDS <br>(IDENTIFIED COST $115,826,581)<br>| &nbsp;&nbsp; 111571711 |
|  | FOREIGN GOVERNMENTS/AGENCIES—3.2% |  |
|  | **Sovereign—3.2%** |  |
| &nbsp;&nbsp; 700000 | Mexico, Government of, 3.750%, 1/11/2028 | &nbsp;&nbsp; 692125 |
| &nbsp;&nbsp; 1221000 | Mexico, Government of, Series 10, 5.625%, 9/22/2035 | &nbsp;&nbsp; 1214968 |
| &nbsp;&nbsp; 200000 | Mexico, Government of, Series MTN, 4.750%, 3/8/2044 | &nbsp;&nbsp; 166150 |
| &nbsp;&nbsp; 206000 | Mexico, Government of, Series MTNA, 6.750%, 9/27/2034 | &nbsp;&nbsp; 224334 |
| &nbsp;&nbsp; 250000 | Mexico, Government of, Sr. Unsecd. Note, 3.250%, 4/16/2030 | &nbsp;&nbsp; 235350 |
| &nbsp;&nbsp; 250000 | Mexico, Government of, Sr. Unsecd. Note, 4.500%, 4/22/2029 | &nbsp;&nbsp; 250013 |
| &nbsp;&nbsp; 190000 | Peru, Government of, 6.550%, 3/14/2037 | &nbsp;&nbsp; 211280 |
| &nbsp;&nbsp; 700000 | United Mexican States, Sr. Unsecd. Note, 6.350%, 2/9/2035 | &nbsp;&nbsp; 739214 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL FOREIGN GOVERNMENTS/AGENCIES <br>(IDENTIFIED COST $3,782,385)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3733434 |

---

**10**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | REPURCHASE AGREEMENT—1.3% |  |
| $1473000 | Interest in $250,000,000 joint repurchase agreement 4.21%, dated 9/30/2025 under which Bank of America, N.A. will <br> repurchase securities provided as collateral for $250,029,236 on 10/1/2025. The securities provided as collateral at the end of <br> the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to <br> 1/25/2046 and the market value of those underlying securities was $257,530,113. <br>(IDENTIFIED COST $1,473,000)<br>| &nbsp;&nbsp; $1473000 |
|  | INVESTMENT COMPANY—1.0% |  |
| &nbsp;&nbsp; 1117953 | Federated Hermes Government Obligations Fund, Premier Shares, 4.06%<sup>2</sup> <br>(IDENTIFIED COST $1,117,953)<br>| &nbsp;&nbsp; 1117953 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—100.9% <br>(IDENTIFIED COST $122,199,919)<br>| &nbsp;&nbsp; 117896098 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—(0.9)%<sup>3</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1012945) |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $116883153 |

---

At September 30, 2025, the Fund had the following outstanding futures contracts:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number of** <br>**Contracts**<br>| &nbsp;&nbsp; **Notional** <br>**Value**<br>| &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| &nbsp;&nbsp; **Value and** <br>**Unrealized** <br>**Appreciation**<br>|
| **Long Futures:** |  |  |  |  |
| United States Treasury Notes 2-Year Long Futures | &nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp; $3125977 | December 2025 | &nbsp;&nbsp;&nbsp; $1703 |
| United States Treasury Notes 5-Year Long Futures | &nbsp;&nbsp; 35 | &nbsp;&nbsp;&nbsp; $3821836 | December 2025 | &nbsp;&nbsp;&nbsp; $1608 |
| United States Treasury Notes 10-Year Ultra Long Futures | &nbsp;&nbsp; 30 | &nbsp;&nbsp;&nbsp; $3452344 | December 2025 | &nbsp;&nbsp;&nbsp; $37436 |
| United States Treasury Ultra Bond Long Futures | &nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp; $2161125 | December 2025 | &nbsp;&nbsp;&nbsp; $60144 |
| &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp; $100891 |

---

Net Unrealized Appreciation on Futures Contracts is included in "Other Assets and Liabilities—Net."

Transactions with affiliated investment companies, which are funds managed by the Adviser or an affiliate of the Adviser, during the period ended September 30, 2025, were as follows:

---

| | |
|:---|:---|
|  | **Federated Hermes** <br>**Government** <br>**Obligations Fund,** <br>**Premier Shares\***<br>|
| Value as of 12/31/2024 | &nbsp;&nbsp; $1359003 |
| Purchases at Cost | &nbsp;&nbsp; $17694778 |
| Proceeds from Sales | &nbsp;&nbsp; $(17935828) |
| Change in Unrealized Appreciation/Depreciation | &nbsp;&nbsp; $— |
| Net Realized Gain/(Loss) | &nbsp;&nbsp; $— |
| Value as of 9/30/2025 | &nbsp;&nbsp; $1117953 |
| Shares Held as of 9/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1117953 |
| Dividend Income | &nbsp;&nbsp; $56268 |

---

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

\* *All or a portion of the balance/activity for the fund relates to cash collateral received on securities lending transactions.*

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

---

| | |
|:---|:---|
| 1 | *All or a portion of these securities are temporarily on loan to unaffiliated broker/dealers. As of September 30, 2025, securities subject to this type of arrangement* <br> *and related collateral were as follows:*<br>|

---

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

---

| | |
|:---|:---|
| **Fair Value of** <br>**Securities Loaned**<br>| **Collateral** <br>**Received**<br>|
| $1095399 | &nbsp;&nbsp; $1117953 |

---

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

2 *7-day net yield.* <br> 3 *Assets, other than investments in securities, less liabilities.*

Note: The categories of investments are shown as a percentage of net assets at September 30, 2025.

**Investment Valuation** 

In calculating its net asset value (NAV), the Fund generally values investments as follows:

■ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by Federated Investment Management Company (the "Adviser").

**11**

------

■ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.

■ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and ask quotations.

■ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Adviser.

■ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Adviser, certain factors may be considered, such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's valuation committee ("Valuation Committee"), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**Fair Valuation and Significant Events Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, the Fund's Board of Trustees (the "Trustees") has designated the Adviser as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Trustees' oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Adviser's fair value determinations.

The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser's affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser's fair valuation and significant events procedures as part of the Fund's compliance program and will review any changes made to the procedures.

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a "bid" evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a "mid" evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.

The Adviser has also adopted procedures requiring an investment to be priced at its fair value whenever the Valuation Committee determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment's value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:

■ With respect to securities traded principally in foreign markets, significant trends in U.S. equity markets or in the trading of foreign securities index futures contracts;

■ Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded;

■ Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, or a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry.

The Adviser has adopted procedures whereby the Valuation Committee uses a pricing service to provide factors to update the fair value of equity securities traded principally in foreign markets from the time of the close of their respective foreign stock exchanges to the pricing time of the Fund. For other significant events, the Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Valuation Committee will determine the fair value of the investment in accordance with the fair valuation procedures approved by the Adviser. The Trustees periodically review fair valuations made in response to significant events.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

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

**12**

------

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.

Level 3—significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>The following is a summary of the inputs used, as of September 30, 2025, in valuing the Fund's assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** |
|  | **Level 1—** <br>**Quoted** <br>**Prices**<br>| **Level 2—** <br>**Other** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3—** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Debt Securities:** |  |  |  |  |
| Corporate Bonds | &nbsp;&nbsp; $— | &nbsp;&nbsp; $111571711 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $111571711 |
| Foreign Governments/Agencies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3733434 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3733434 |
| **Investment Company** | &nbsp;&nbsp; 1117953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1117953 |
| **Repurchase Agreement** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1473000 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1473000 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SECURITIES | &nbsp;&nbsp; $1117953 | &nbsp;&nbsp; $116778145 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $117896098 |
| **Other Financial Instruments:**<sup>1</sup> <br>|  |  |  |  |
| Assets | &nbsp;&nbsp; $100891 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $100891 |

---

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

1 *Other financial instruments are futures contracts.*

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

---

| | |
|:---|:---|
| The following acronym(s) are used throughout this portfolio: | The following acronym(s) are used throughout this portfolio: |
| GMTN | —Global Medium Term Note |
| MTN | —Medium Term Note |
| REIT | —Real Estate Investment Trust |

---

**13**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes Managed Pool Series

- **b. Investment Company Act file number:** 811-21822

- **c. CIK number of Registrant:** 0001340579

- **d. LEI of Registrant:** 254900GHHEGEQGAY8A11

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

  - **Street Address 1:** Federated Hermes Funds

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Federated Hermes Corporate Bond Strategy Portfolio

- **b. EDGAR series identifier (if any):** S000010899

- **c. LEI of Series:** 2549006RBYL9NH0W3P70

**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:** $118913626.60

**Total Liabilities:** $1967012.38

**Net Assets:** $116946614.22

**Delayed Delivery Securities:** $348715.50

**Cash Not Reported:** $121108.50

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -226.970335000000 | **1-Year:** -6372.195937000000 | **5-Year:** -21303.894055000000 | **10-Year:** -30633.208461000000 | **30-Year:** -16102.672532000000

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

- **3-Month:** -6.100440000000 | **1-Year:** -139.488972000000 | **5-Year:** -79.767864000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000030208 | 0.09%                | 1.08%                | 1.46%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $13034.36                | $-260234.95                                |
| Month 2  | $0.00                    | $707675.50                                 |
| Month 3  | $-55410.00               | $1210246.98                                |

**Designated Index Information**

- **Index Name:** Bloomberg US Credit Baa Index

- **Index Identifier:** LDB1TRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BofA Securities, Inc.                 | REPO BANK AMERICA                                                               | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Long             | RA               | CORP              | US        |   1473000 | PA      | $1473000.00   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| AT&T Inc                              | AT&T Inc                                                                        | CUSIP: 00206RFS6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    545000 | PA      | $488870.78    | 0.42%             | 2058-08-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                              | AT&T Inc                                                                        | CUSIP: 00206RGQ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    600000 | PA      | $601418.78    | 0.51%             | 2030-02-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| AT&T INC                              | AT&T Inc                                                                        | CUSIP: 00206RJY9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    750000 | PA      | $687626.98    | 0.59%             | 2031-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| AT&T INC                              | AT&T Inc                                                                        | CUSIP: 00206RJZ6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    300000 | PA      | $239949.72    | 0.21%             | 2041-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AT&T INC                              | AT&T Inc                                                                        | CUSIP: 00206RKB7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    255000 | PA      | $181473.83    | 0.16%             | 2060-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                    | Advance Auto Parts Inc                                                          | CUSIP: 00751YAE6<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    225000 | PA      | $209072.12    | 0.18%             | 2030-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA              | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    600000 | PA      | $539408.76    | 0.46%             | 2033-10-29      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA              | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBS3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    335000 | PA      | $331545.13    | 0.28%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                        | Air Lease Corp                                                                  | CUSIP: 00914AAR3<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    230000 | PA      | $223820.32    | 0.19%             | 2027-01-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E              | Alexandria Real Estate Equities Inc                                             | CUSIP: 015271AJ8<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |     90000 | PA      | $89723.74     | 0.08%             | 2027-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E              | Alexandria Real Estate Equities Inc                                             | CUSIP: 015271AN9<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |    380000 | PA      | $384084.83    | 0.33%             | 2030-07-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E              | Alexandria Real Estate Equities Inc                                             | CUSIP: 015271BC2<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |    155000 | PA      | $155974.19    | 0.13%             | 2036-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD              | Alimentation Couche-Tard Inc                                                    | CUSIP: 01626PAN6<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $189478.43    | 0.16%             | 2050-01-25      | Fixed         | 3.80%                 | Yes           |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                    | Ally Financial Inc                                                              | CUSIP: 02005NBU3<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    210000 | PA      | $222229.14    | 0.19%             | 2030-01-03      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Altria Group Inc                      | Altria Group Inc                                                                | CUSIP: 02209SAV5<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    100000 | PA      | $76767.34     | 0.07%             | 2046-09-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMEREN CORP                           | Ameren Corp                                                                     | CUSIP: 023608AK8<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |    200000 | PA      | $189021.95    | 0.16%             | 2028-03-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER               | American Electric Power Co Inc                                                  | CUSIP: 025537AX9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    105000 | PA      | $110431.01    | 0.09%             | 2033-03-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                   | American Tower Corp                                                             | CUSIP: 03027XAJ9<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    100000 | PA      | $100010.24    | 0.09%             | 2026-02-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                   | American Tower Corp                                                             | CUSIP: 03027XBR0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    200000 | PA      | $195215.74    | 0.17%             | 2026-09-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                             | Amgen Inc                                                                       | CUSIP: 031162DT4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    520000 | PA      | $519029.13    | 0.44%             | 2053-03-02      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                | Anglo American Capital PLC                                                      | CUSIP: 034863BA7<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $550238.97    | 0.47%             | 2031-03-17      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                   | Elevance Health Inc                                                             | CUSIP: 036752BB8<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    750000 | PA      | $763017.83    | 0.65%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                 | Aon North America Inc                                                           | CUSIP: 03740MAF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $428347.93    | 0.37%             | 2054-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                         | AppLovin Corp                                                                   | CUSIP: 03831WAD0<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    140000 | PA      | $144585.02    | 0.12%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                   | Ashtead Capital Inc                                                             | CUSIP: 045054AQ6<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    205000 | PA      | $211577.85    | 0.18%             | 2033-05-30      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                   | Ashtead Capital Inc                                                             | CUSIP: 045054AS2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    200000 | PA      | $209701.66    | 0.18%             | 2034-04-15      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| AutoNation Inc                        | AutoNation Inc                                                                  | CUSIP: 05329WAM4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $130000.00    | 0.11%             | 2025-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                          | AutoZone Inc                                                                    | CUSIP: 053332BK7<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    450000 | PA      | $467239.17    | 0.40%             | 2034-07-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                      | BAT Capital Corp                                                                | CUSIP: 054989AF5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128703.77    | 0.11%             | 2033-03-22      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                       | BAE Systems PLC                                                                 | CUSIP: 05523RAE7<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $339811.90    | 0.29%             | 2050-09-15      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| BAE Systems Holdings Inc              | BAE Systems Holdings Inc                                                        | CUSIP: 05523UAP5<br>LEI: MF62XBVMNYTYMC18DL76 | Long             | DBT              | CORP              | US        |    230000 | PA      | $229765.17    | 0.20%             | 2025-12-15      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| BAT CAPITAL CORP                      | BAT Capital Corp                                                                | CUSIP: 05526DBR5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    325000 | PA      | $310634.60    | 0.27%             | 2028-03-25      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                      | BAT Capital Corp                                                                | CUSIP: 05526DBV6<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47878.17     | 0.04%             | 2052-03-16      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                 | Becton Dickinson and Co                                                         | CUSIP: 075887BG3<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    179000 | PA      | $160608.19    | 0.14%             | 2044-12-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                 | Becton Dickinson & Co                                                           | CUSIP: 075887CR8<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127505.32    | 0.11%             | 2029-02-08      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| BLACK HILLS CORP                      | Black Hills Corp                                                                | CUSIP: 092113AT6<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |    170000 | PA      | $156673.01    | 0.13%             | 2030-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BOARDWALK PIPELINES LP                | Boardwalk Pipelines LP                                                          | CUSIP: 096630AH1<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |    275000 | PA      | $257648.91    | 0.22%             | 2031-02-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BOEING CO                             | Boeing Co/The                                                                   | CUSIP: 097023CR4<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    745000 | PA      | $535860.55    | 0.46%             | 2059-08-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BOEING CO                             | Boeing Co/The                                                                   | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    175000 | PA      | $178672.02    | 0.15%             | 2040-05-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                  | Boston Properties LP                                                            | CUSIP: 10112RBC7<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |    650000 | PA      | $603783.55    | 0.52%             | 2030-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                | CNH Industrial Capital LLC                                                      | CUSIP: 12592BAM6<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    450000 | PA      | $440469.26    | 0.38%             | 2026-07-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| CNA Financial Corp                    | CNA Financial Corp                                                              | CUSIP: 126117AV2<br>LEI: 549300YX2GSZD7YG1R84 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246951.00    | 0.21%             | 2029-05-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CNA FINANCIAL CORP                    | CNA Financial Corp                                                              | CUSIP: 126117AX8<br>LEI: 549300YX2GSZD7YG1R84 | Long             | DBT              | CORP              | US        |    225000 | PA      | $233695.55    | 0.20%             | 2033-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                       | CVS Health Corp                                                                 | CUSIP: 126650CZ1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    880000 | PA      | $783668.07    | 0.67%             | 2048-03-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                       | CVS Health Corp                                                                 | CUSIP: 126650ED8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156599.77    | 0.13%             | 2034-06-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| THE CAMPBELLS COMPANY                 | Campbell Soup Co                                                                | CUSIP: 134429BN8<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128403.79    | 0.11%             | 2029-03-21      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY              | Canadian Pacific Railway Co                                                     | CUSIP: 13645RAD6<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $113777.94    | 0.10%             | 2031-10-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY              | Canadian Pacific Railway Co                                                     | CUSIP: 13645RBF0<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $89080.29     | 0.08%             | 2031-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY              | Canadian Pacific Railway Co                                                     | CUSIP: 13648TAA5<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    105000 | PA      | $95723.43     | 0.08%             | 2030-03-05      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO              | Capital One Financial Corp                                                      | CUSIP: 14040HCN3<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    300000 | PA      | $289351.16    | 0.25%             | 2030-03-01      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                          | Centene Corp                                                                    | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    575000 | PA      | $495672.43    | 0.42%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BOEING CO                             | Boeing Co/The                                                                   | CUSIP: 097023CP8<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    475000 | PA      | $412420.13    | 0.35%             | 2035-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                      | Duke Energy Corp                                                                | CUSIP: 26441CAS4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    240000 | PA      | $237153.21    | 0.20%             | 2026-09-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Cenovus Energy Inc                    | Cenovus Energy Inc                                                              | CUSIP: 15135UAM1<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |    175000 | PA      | $175076.23    | 0.15%             | 2027-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CENOVUS ENERGY INC                    | Cenovus Energy Inc                                                              | CUSIP: 15135UAX7<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |    305000 | PA      | $216930.19    | 0.19%             | 2052-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                   | Global Payments Inc                                                             | CUSIP: 37940XAB8<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    160000 | PA      | $151988.67    | 0.13%             | 2029-08-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                 | Republic Services Inc                                                           | CUSIP: 760759BB5<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    225000 | PA      | $230726.57    | 0.20%             | 2029-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Valmont Industries Inc                | Valmont Industries Inc                                                          | CUSIP: 920253AF8<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | DBT              | CORP              | US        |     80000 | PA      | $75152.95     | 0.06%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                | Verizon Communications Inc                                                      | CUSIP: 92343VGH1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    600000 | PA      | $572386.54    | 0.49%             | 2028-03-22      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                            | VMware Inc                                                                      | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    160000 | PA      | $156481.19    | 0.13%             | 2026-08-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP              | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BR4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $303972.71    | 0.26%             | 2029-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                         | Citigroup Inc                                                                   | CUSIP: 172967KA8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    450000 | PA      | $451949.12    | 0.39%             | 2027-09-29      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINE GROUP               | Columbia Pipeline Group Inc                                                     | CUSIP: 198280AH2<br>LEI: 549300SRP1TQM9JJBG80 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99821.88     | 0.09%             | 2045-06-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Comerica Inc                          | Comerica Inc                                                                    | CUSIP: 200340AQ0<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198920.53    | 0.17%             | 2026-07-22      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC                    | Conagra Brands Inc                                                              | CUSIP: 205887CF7<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |    360000 | PA      | $339193.83    | 0.29%             | 2027-11-01      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Constellation Brands Inc              | Constellation Brands Inc                                                        | CUSIP: 21036PBD9<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    125000 | PA      | $116449.06    | 0.10%             | 2048-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC              | Constellation Brands Inc                                                        | CUSIP: 21036PBP2<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302977.20    | 0.26%             | 2033-05-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| CONSTELLATION EN GEN LLC              | Constellation Energy Generation LLC                                             | CUSIP: 210385AD2<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    495000 | PA      | $539053.24    | 0.46%             | 2034-01-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP               | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280000 | PA      | $286905.49    | 0.25%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                | Diamondback Energy Inc                                                          | CUSIP: 25278XBA6<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    135000 | PA      | $130038.70    | 0.11%             | 2054-04-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                      | Duke Energy Corp                                                                | CUSIP: 26441CBS3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251253.96    | 0.21%             | 2028-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                      | Duke Energy Corp                                                                | CUSIP: 26441CCA1<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    625000 | PA      | $658690.73    | 0.56%             | 2053-09-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                          | Enbridge Inc                                                                    | CUSIP: 29250NAZ8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $285942.29    | 0.24%             | 2029-11-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                          | Enbridge Inc                                                                    | CUSIP: 29250NBR5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $421085.54    | 0.36%             | 2033-03-08      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE ENERGY PARTNERS              | Enbridge Energy Partners LP                                                     | CUSIP: 29250RAT3<br>LEI: CZ6VG2MNE1J6YDI02G48 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79527.13     | 0.07%             | 2040-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                    | Energy Transfer Partners LP                                                     | CUSIP: 29273RBL2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    250000 | PA      | $225979.57    | 0.19%             | 2047-04-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                  | Enel Finance International NV                                                   | CUSIP: 29278GAP3<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    300000 | PA      | $268030.27    | 0.23%             | 2031-07-12      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER              | Enterprise Products Operating LLC                                               | CUSIP: 29379VBQ5<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    200000 | PA      | $166622.66    | 0.14%             | 2048-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                     | Eversource Energy                                                               | CUSIP: 30040WAT5<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    250000 | PA      | $256853.05    | 0.22%             | 2028-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                     | Eversource Energy                                                               | CUSIP: 30040WAX6<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    250000 | PA      | $258368.22    | 0.22%             | 2034-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                           | Exelon Corp                                                                     | CUSIP: 30161NBH3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    140000 | PA      | $109849.48    | 0.09%             | 2052-03-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| FEDEX CORP                            | FedEx Corp                                                                      | CUSIP: 31428XCW4<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |    150000 | PA      | $113980.95    | 0.10%             | 2048-02-15      | Fixed         | 4.05%                 | Yes           |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                   | Fifth Third Bancorp                                                             | CUSIP: 316773DJ6<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    250000 | PA      | $260767.87    | 0.22%             | 2028-10-27      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION              | FirstEnergy Transmission LLC                                                    | CUSIP: 33767BAC3<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |    180000 | PA      | $154148.36    | 0.13%             | 2049-04-01      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| FISERV INC                            | Fiserv Inc                                                                      | CUSIP: 337738AU2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    375000 | PA      | $364546.82    | 0.31%             | 2029-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FISERV INC                            | Fiserv Inc                                                                      | CUSIP: 337738BE7<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    530000 | PA      | $555565.88    | 0.48%             | 2033-03-02      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| FLOWERS FOODS INC                     | Flowers Foods Inc                                                               | CUSIP: 343498AD3<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | DBT              | CORP              | US        |    600000 | PA      | $611561.53    | 0.52%             | 2035-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC              | Ford Motor Credit Co LLC                                                        | CUSIP: 345397ZR7<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198568.04    | 0.17%             | 2029-05-03      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| FOX CORP                              | FOX CORP SR UNSECURED 01/29 4.709                                               | CUSIP: 35137LAH8<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |    135000 | PA      | $136761.61    | 0.12%             | 2029-01-25      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                     | GXO Logistics Inc                                                               | CUSIP: 36262GAF8<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    300000 | PA      | $315182.34    | 0.27%             | 2029-05-06      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                | GE HealthCare Technologies Inc                                                  | CUSIP: 36266GAA5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255089.66    | 0.22%             | 2029-08-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                | GE HealthCare Technologies Inc                                                  | CUSIP: 36267VAK9<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    250000 | PA      | $269112.37    | 0.23%             | 2032-11-22      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                | GE HealthCare Technologies Inc                                                  | CUSIP: 36267VAM5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    145000 | PA      | $160333.92    | 0.14%             | 2052-11-22      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC                     | General Mills Inc                                                               | CUSIP: 370334CP7<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |    230000 | PA      | $150180.35    | 0.13%             | 2051-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| General Motors Co                     | General Motors Co                                                               | CUSIP: 37045VAL4<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    110000 | PA      | $117872.09    | 0.10%             | 2046-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                | General Motors Financial Co Inc                                                 | CUSIP: 37045XDK9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    750000 | PA      | $736040.27    | 0.63%             | 2026-06-10      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                   | Global Payments Inc                                                             | CUSIP: 37940XAG7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    225000 | PA      | $219319.10    | 0.19%             | 2027-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC               | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GES9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    250000 | PA      | $256272.77    | 0.22%             | 2027-01-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| HCA INC                               | HCA Inc                                                                         | CUSIP: 404119CB3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    250000 | PA      | $171155.18    | 0.15%             | 2051-07-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                               | HCA Inc                                                                         | CUSIP: 404119CV9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    365000 | PA      | $365961.78    | 0.31%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP              | Healthcare Trust of America Holdings LP                                         | CUSIP: 42225UAG9<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              |  | US        |    245000 | PA      | $230809.77    | 0.20%             | 2030-02-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| HEICO CORP                            | HEICO Corp                                                                      | CUSIP: 422806AB5<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | DBT              | CORP              | US        |    350000 | PA      | $363322.63    | 0.31%             | 2033-08-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Hess Corp                             | Hess Corp                                                                       | CUSIP: 42809HAD9<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    355000 | PA      | $368652.32    | 0.32%             | 2041-02-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                 | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150BD5<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156392.98    | 0.13%             | 2035-02-02      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA               | Hyundai Capital America                                                         | CUSIP: 44891ADV6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    600000 | PA      | $608692.44    | 0.52%             | 2028-06-23      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| INGERSOLL RAND INC                    | Ingersoll Rand Inc                                                              | CUSIP: 45687VAF3<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |    125000 | PA      | $130407.94    | 0.11%             | 2034-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC               | Jefferies Financial Group Inc                                                   | CUSIP: 47233WEJ4<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    175000 | PA      | $186129.46    | 0.16%             | 2034-04-14      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| KEYCORP                               | KeyCorp                                                                         | CUSIP: 49326EEP4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    800000 | PA      | $868457.18    | 0.74%             | 2035-03-06      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E              | Alexandria Real Estate Equities Inc                                             | CUSIP: 015271AK5<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |    100000 | PA      | $99450.09     | 0.09%             | 2028-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                   | Kimco Realty OP LLC                                                             | CUSIP: 49447BAA1<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |    350000 | PA      | $387645.67    | 0.33%             | 2034-03-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                     | Kinder Morgan Inc/DE                                                            | CUSIP: 49456BAP6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301347.89    | 0.26%             | 2028-03-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| KROGER CO                             | Kroger Co/The                                                                   | CUSIP: 501044CK5<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    300000 | PA      | $344277.87    | 0.29%             | 2038-04-15      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Lam Research Corp                     | Lam Research Corp                                                               | CUSIP: 512807AU2<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |    155000 | PA      | $154927.07    | 0.13%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                   | Elevance Health Inc                                                             | CUSIP: 036752BK8<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496559.51    | 0.42%             | 2036-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| APA CORP                              | APA Corp                                                                        | CUSIP: 03743QAR9<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |    305000 | PA      | $311917.92    | 0.27%             | 2035-02-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORP                 | Lincoln National Corp                                                           | CUSIP: 534187BT5<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104699.57    | 0.09%             | 2034-03-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| MPLX LP                               | MPLX LP                                                                         | CUSIP: 55336VAP5<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    100000 | PA      | $83279.35     | 0.07%             | 2058-04-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MPLX LP                               | MPLX LP                                                                         | CUSIP: 55336VBQ2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    200000 | PA      | $183696.85    | 0.16%             | 2030-08-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| MPLX LP                               | MPLX LP                                                                         | CUSIP: 55336VBT6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    535000 | PA      | $456790.61    | 0.39%             | 2052-03-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MPLX LP                               | MPLX LP                                                                         | CUSIP: 55336VBX7<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203940.34    | 0.17%             | 2034-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Marathon Petroleum Corp               | Marathon Petroleum Corp                                                         | CUSIP: 56585AAF9<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |    150000 | PA      | $161777.46    | 0.14%             | 2041-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Marathon Petroleum Corp               | Marathon Petroleum Corp                                                         | CUSIP: 56585AAH5<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |    275000 | PA      | $236917.06    | 0.20%             | 2044-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & CO                        | McCormick & Co Inc/MD                                                           | CUSIP: 579780AN7<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247163.22    | 0.21%             | 2027-08-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                        | Morgan Stanley                                                                  | CUSIP: 61747YED3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    200000 | PA      | $176685.91    | 0.15%             | 2032-07-21      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KDJ6<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    225000 | PA      | $231783.96    | 0.20%             | 2030-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NiSource Inc                          | NiSource Inc                                                                    | CUSIP: 65473QBG7<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    100000 | PA      | $79897.04     | 0.07%             | 2048-03-30      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                 | Northrop Grumman Corp                                                           | CUSIP: 666807CH3<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251848.32    | 0.22%             | 2033-03-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BEACON FUNDING TRUST                  | Beacon Funding Trust                                                            | CUSIP: 073952AB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $384497.46    | 0.33%             | 2054-08-15      | Fixed         | 6.27%                 | Yes           |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORP                 | Lincoln National Corp                                                           | CUSIP: 534187BJ7<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    326000 | PA      | $309825.72    | 0.26%             | 2030-01-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC               | O'Reilly Automotive Inc                                                         | CUSIP: 67103HAJ6<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    160000 | PA      | $159556.92    | 0.14%             | 2030-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                           | ORACLE CORP SR UNSECURED 04/30 2.95                                             | CUSIP: 68389XBV6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    150000 | PA      | $141372.47    | 0.12%             | 2030-04-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                           | Oracle Corp                                                                     | CUSIP: 68389XCQ6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    700000 | PA      | $662808.32    | 0.57%             | 2053-02-06      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                           | Oracle Corp                                                                     | CUSIP: 68389XCS2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    495000 | PA      | $494053.93    | 0.42%             | 2029-09-27      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL              | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $98170.68     | 0.08%             | 2026-06-15      | Fixed         | 1.70%                 | Yes           |                  2 | On Loan: No      |
| Peru Government International Bonds   | Peruvian Government International Bond                                          | CUSIP: 715638AU6<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    190000 | PA      | $211280.00    | 0.18%             | 2037-03-14      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| PUGET ENERGY INC                      | Puget Energy Inc                                                                | CUSIP: 745310AM4<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |    120000 | PA      | $114011.15    | 0.10%             | 2028-06-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| RPM International Inc                 | RPM International Inc                                                           | CUSIP: 749685AX1<br>LEI: 549300TJCKW4BRXPJ474 | Long             | DBT              | CORP              | US        |    390000 | PA      | $392928.47    | 0.34%             | 2029-03-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS LP                    | Regency Centers LP                                                              | CUSIP: 75884RBA0<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |    300000 | PA      | $292169.80    | 0.25%             | 2030-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                 | Republic Services Inc                                                           | CUSIP: 760759BA7<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    225000 | PA      | $196367.01    | 0.17%             | 2033-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| NiSource Inc                          | NiSource Inc                                                                    | CUSIP: 65473QBF9<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    100000 | PA      | $84290.69     | 0.07%             | 2047-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                | Roper Technologies Inc                                                          | CUSIP: 776743AG1<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    110000 | PA      | $104869.13    | 0.09%             | 2029-09-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| SYNOVUS FINANCIAL CORP                | Synovus Financial Corp                                                          | CUSIP: 87161CAP0<br>LEI: 549300EIUS8UN5JTLE54 | Long             | DBT              | CORP              | US        |    140000 | PA      | $145389.94    | 0.12%             | 2030-11-01      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| RTX CORP                              | United Technologies Corp                                                        | CUSIP: 913017CY3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499723.32    | 0.43%             | 2028-11-16      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                      | Welltower Inc                                                                   | CUSIP: 95040QAH7<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    200000 | PA      | $199793.53    | 0.17%             | 2029-03-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                | Williams Partners LP                                                            | CUSIP: 96950FAP9<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    350000 | PA      | $314861.80    | 0.27%             | 2045-01-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                      | Ryder System Inc                                                                | CUSIP: 78355HLD9<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    170000 | PA      | $173970.07    | 0.15%             | 2029-12-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Smithfield Foods Inc                  | Smithfield Foods Inc                                                            | CUSIP: 832248AZ1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149033.87    | 0.13%             | 2027-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| JM SMUCKER CO                         | JM Smucker Co/The                                                               | CUSIP: 832696AS7<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |    180000 | PA      | $166299.42    | 0.14%             | 2030-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| SMURFIT KAPPA TREASURY                | Smurfit Kappa Treasury ULC                                                      | CUSIP: 83272GAF8<br>LEI: 635400B3DOXSWFOWJT40 | Long             | DBT              | CORP              | IE        |    400000 | PA      | $408964.32    | 0.35%             | 2054-04-03      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                           | Southern Co/The                                                                 | CUSIP: 842587DF1<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    575000 | PA      | $573570.49    | 0.49%             | 2051-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TC PipeLines LP                       | TC PipeLines LP                                                                 | CUSIP: 87233QAC2<br>LEI: 6HL0C5LCIE4TN8UZHL06 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149212.92    | 0.13%             | 2027-05-25      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                      | T-Mobile USA Inc                                                                | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    450000 | PA      | $441394.61    | 0.38%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                      | T-Mobile USA Inc                                                                | CUSIP: 87264ABL8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    550000 | PA      | $413521.63    | 0.35%             | 2041-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                      | T-Mobile USA Inc                                                                | CUSIP: 87264ACQ6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $448348.68    | 0.38%             | 2032-03-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                      | T-Mobile USA Inc                                                                | CUSIP: 87264ACW3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    355000 | PA      | $350997.34    | 0.30%             | 2053-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                      | T-Mobile USA Inc                                                                | CUSIP: 87264ADL6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1162000 | PA      | $1160868.14   | 0.99%             | 2029-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Tanger Properties LP                  | Tanger Properties LP                                                            | CUSIP: 875484AJ6<br>LEI: PQPGJDNFN35EXH363L31 | Long             | DBT              |  | US        |    210000 | PA      | $207653.35    | 0.18%             | 2026-09-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                  | Targa Resources Corp                                                            | CUSIP: 87612KAC6<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255224.44    | 0.22%             | 2052-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                 | Time Warner Cable LLC                                                           | CUSIP: 88732JBB3<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    150000 | PA      | $137540.83    | 0.12%             | 2041-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                   | Total System Services Inc                                                       | CUSIP: 891906AC3<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80094.96     | 0.07%             | 2026-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| UDR INC                               | UDR Inc                                                                         | CUSIP: 90265EAW0<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |    180000 | PA      | $182586.84    | 0.16%             | 2034-09-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds | Mexico Government International Bond                                            | CUSIP: 91086QBB3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $166150.00    | 0.14%             | 2044-03-08      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds | Mexico Government International Bond                                            | CUSIP: 91087BAE0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    700000 | PA      | $692125.00    | 0.59%             | 2028-01-11      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds | Mexico Government International Bond                                            | CUSIP: 91087BAF7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    250000 | PA      | $250012.50    | 0.21%             | 2029-04-22      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds | Mexico Government International Bond                                            | CUSIP: 91087BAH3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    250000 | PA      | $235350.00    | 0.20%             | 2030-04-16      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                 | Mexico Government International Bond                                            | CUSIP: 91087BBL3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1221000 | PA      | $1214968.26   | 1.04%             | 2035-09-22      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Valero Energy Corp                    | Valero Energy Corp                                                              | CUSIP: 91913YAT7<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |    200000 | PA      | $180385.72    | 0.15%             | 2045-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Valmont Industries Inc                | Valmont Industries Inc                                                          | CUSIP: 920253AE1<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | DBT              | CORP              | US        |    165000 | PA      | $153763.14    | 0.13%             | 2054-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                | Verizon Communications Inc                                                      | CUSIP: 92343VDY7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100122.26    | 0.09%             | 2027-03-16      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Verisk Analytics Inc                  | VERISK ANALYTICS INC SR UNSECURED 03/29 4.125                                   | CUSIP: 92345YAF3<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74854.93     | 0.06%             | 2029-03-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| VERISK ANALYTICS INC                  | Verisk Analytics Inc                                                            | CUSIP: 92345YAJ5<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |    320000 | PA      | $330133.19    | 0.28%             | 2034-06-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                    | Vodafone Group PLC                                                              | CUSIP: 92857WBU3<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    350000 | PA      | $279157.67    | 0.24%             | 2050-09-17      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WP CAREY INC                          | WP Carey Inc                                                                    | CUSIP: 92936UAF6<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |     95000 | PA      | $93601.96     | 0.08%             | 2029-07-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                  | WEC Energy Group Inc                                                            | CUSIP: 92939UAG1<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    135000 | PA      | $127346.41    | 0.11%             | 2028-12-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| WASTE CONNECTIONS INC                 | Waste Connections Inc                                                           | CUSIP: 94106BAA9<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |    195000 | PA      | $183117.11    | 0.16%             | 2030-02-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                | Westinghouse Air Brake Technologies Corp                                        | CUSIP: 960386AR1<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    160000 | PA      | $168318.08    | 0.14%             | 2034-03-11      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| WRKCo Inc                             | WRKCo Inc                                                                       | CUSIP: 96145DAH8<br>LEI: 549300JEB576INN13W07 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149218.93    | 0.13%             | 2028-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                | Williams Cos Inc/The                                                            | CUSIP: 969457CN8<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125549.80    | 0.11%             | 2054-11-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                | Williams Cos Inc/The                                                            | CUSIP: 969457CP3<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    500000 | PA      | $519181.16    | 0.44%             | 2035-03-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| XYLEM INC                             | Xylem Inc/NY                                                                    | CUSIP: 98419MAL4<br>LEI: 549300DF5MV96DRYLQ48 | Long             | DBT              | CORP              | US        |    235000 | PA      | $211225.14    | 0.18%             | 2031-01-30      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                | US 10YR ULTRA FUT DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        30 | NC      | $37436.25     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                              | AT&T Inc                                                                        | CUSIP: 00206RNC2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297775.00    | 0.25%             | 2035-11-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                | US ULTRA BOND CBT DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        18 | NC      | $60143.40     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                | US 2YR NOTE (CBT) DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        15 | NC      | $1703.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA              | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    675000 | PA      | $650697.07    | 0.56%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                   | American Tower Corp                                                             | CUSIP: 03027XCH1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    250000 | PA      | $259899.31    | 0.22%             | 2034-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                             | Amgen Inc                                                                       | CUSIP: 031162CU2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    750000 | PA      | $694919.00    | 0.59%             | 2030-02-21      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                         | AppLovin Corp                                                                   | CUSIP: 03831WAE8<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    105000 | PA      | $106444.17    | 0.09%             | 2054-12-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                      | BAT Capital Corp                                                                | CUSIP: 05526DBZ7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    515000 | PA      | $550393.96    | 0.47%             | 2034-02-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BACARDI-MARTINI BV                    | Bacardi-Martini BV                                                              | CUSIP: 05634WAB8<br>LEI: 5493002XXBV8B88K2408 | Long             | DBT              | CORP              | NL        |   1200000 | PA      | $1249164.29   | 1.07%             | 2035-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Bayer US Finance II LLC               | Bayer US Finance II LLC                                                         | CUSIP: 07274NAN3<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |    300000 | PA      | $271746.30    | 0.23%             | 2038-06-25      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| BELL CANADA                           | Bell Telephone Co of Canada or Bell Canada                                      | CUSIP: 0778FPAM1<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |    375000 | PA      | $379784.86    | 0.32%             | 2034-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: —       |
| BIOGEN INC                            | Biogen Inc                                                                      | CUSIP: 09062XAG8<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |    325000 | PA      | $211498.77    | 0.18%             | 2050-05-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Boardwalk Pipelines LP                | Boardwalk Pipelines LP                                                          | CUSIP: 096630AG3<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |    197000 | PA      | $200009.13    | 0.17%             | 2029-05-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                       | CVS Health Corp                                                                 | CUSIP: 126650DT4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    250000 | PA      | $256327.98    | 0.22%             | 2030-02-21      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| THE CAMPBELLS COMPANY                 | Campbell Soup Co                                                                | CUSIP: 134429BQ1<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    280000 | PA      | $271682.22    | 0.23%             | 2035-03-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                   | Carrier Global Corp                                                             | CUSIP: 14448CBC7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    155000 | PA      | $166412.43    | 0.14%             | 2034-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP              | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $237229.25    | 0.20%             | 2045-10-23      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP              | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $298672.32    | 0.26%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC              | Corebridge Financial Inc                                                        | CUSIP: 21871XAS8<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    495000 | PA      | $521025.54    | 0.45%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP               | Dell International LLC / EMC Corp                                               | CUSIP: 24703DBU4<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    350000 | PA      | $348186.54    | 0.30%             | 2036-02-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP               | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $387319.03    | 0.33%             | 2029-10-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                | Diamondback Energy Inc                                                          | CUSIP: 25278XAW9<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    190000 | PA      | $194748.68    | 0.17%             | 2053-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| EASTERN GAS TRAN                      | Eastern Gas Transmission & Storage Inc                                          | CUSIP: 276480AB6<br>LEI: H2VQBNB3NSKRM5QWBI71 | Long             | DBT              | CORP              | US        |     65000 | PA      | $48224.81     | 0.04%             | 2049-11-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                    | Energy Transfer LP                                                              | CUSIP: 29273VAP5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    390000 | PA      | $401527.59    | 0.34%             | 2028-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                    | Energy Transfer Operating LP                                                    | CUSIP: 29278NAR4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    150000 | PA      | $128502.77    | 0.11%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNB CORP                              | FNB Corp/PA                                                                     | CUSIP: 302520AD3<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | DBT              | CORP              | US        |    545000 | PA      | $553593.15    | 0.47%             | 2030-12-11      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC              | Ford Motor Credit Co LLC                                                        | CUSIP: 345397D59<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    300000 | PA      | $313317.03    | 0.27%             | 2028-11-07      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                | General Motors Financial Co Inc                                                 | CUSIP: 37045XDA1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48615.21     | 0.04%             | 2027-08-20      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                | General Motors Financial Co Inc                                                 | CUSIP: 37045XFA9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150984.37    | 0.13%             | 2034-09-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                  | Glencore Funding LLC                                                            | CUSIP: 378272BV9<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91028.64     | 0.08%             | 2054-04-04      | Fixed         | 5.89%                 | Yes           |                  2 | On Loan: No      |
| KINDER MORGAN INC                     | Kinder Morgan Inc                                                               | CUSIP: 49456BBA8<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    330000 | PA      | $332669.41    | 0.28%             | 2054-08-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| AT&T INC                              | AT&T Inc                                                                        | CUSIP: 00206RMM1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    452000 | PA      | $385067.27    | 0.33%             | 2033-12-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Altria Group Inc                      | Altria Group Inc                                                                | CUSIP: 02209SBD4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101616.74    | 0.09%             | 2029-02-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                      | Altria Group Inc                                                                | CUSIP: 02209SBN2<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    500000 | PA      | $360660.54    | 0.31%             | 2051-02-04      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| AMEREN CORP                           | Ameren Corp                                                                     | CUSIP: 023608AL6<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |    185000 | PA      | $179375.71    | 0.15%             | 2027-03-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| KROGER CO                             | Kroger Co/The                                                                   | CUSIP: 501044DV0<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    535000 | PA      | $539827.22    | 0.46%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MPLX LP                               | MPLX LP                                                                         | CUSIP: 55336VBN9<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80104.27     | 0.07%             | 2027-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                   | American Tower Corp                                                             | CUSIP: 03027XBD1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    150000 | PA      | $100754.91    | 0.09%             | 2050-06-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                             | Amgen Inc                                                                       | CUSIP: 031162DR8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    680000 | PA      | $704581.37    | 0.60%             | 2033-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MetLife Inc                           | MetLife Inc                                                                     | CUSIP: 59156RAV0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    100000 | PA      | $133742.90    | 0.11%             | 2039-08-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| OTIS WORLDWIDE CORP                   | Otis Worldwide Corp                                                             | CUSIP: 68902VAK3<br>LEI: 549300ZLBKR8VSU25153 | Long             | DBT              | CORP              | US        |    155000 | PA      | $144368.97    | 0.12%             | 2030-02-15      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| PENN MUTUAL LIFE INS CO               | Penn Mutual Life Insurance Co/The                                               | CUSIP: 707567AC7<br>LEI: BIYXEJSLUQ3IWFUXX074 | Long             | DBT              | CORP              | US        |     50000 | PA      | $59086.26     | 0.05%             | 2040-06-15      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| Petroleos Mexicanos                   | Petroleos Mexicanos                                                             | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    130000 | PA      | $131712.10    | 0.11%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp                      | BAT Capital Corp                                                                | CUSIP: 05526DBB0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98999.72     | 0.08%             | 2027-08-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| BELL CANADA                           | Bell Canada Inc                                                                 | CUSIP: 0778FPAA7<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |    140000 | PA      | $117066.67    | 0.10%             | 2048-04-01      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS              | Public Service Enterprise Group Inc                                             | CUSIP: 744573BB1<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    345000 | PA      | $355758.01    | 0.30%             | 2035-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP                | Regions Financial Corp                                                          | CUSIP: 7591EPAU4<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |    320000 | PA      | $333612.71    | 0.29%             | 2030-06-06      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                   | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $417112.68    | 0.36%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                       | CVS Health Corp                                                                 | CUSIP: 126650CU2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198186.99    | 0.17%             | 2026-06-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| COTERRA ENERGY INC                    | Coterra Energy Inc                                                              | CUSIP: 127097AK9<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174704.30    | 0.15%             | 2029-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY              | Canadian Pacific Railway Co                                                     | CUSIP: 13645RBE3<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    225000 | PA      | $219202.04    | 0.19%             | 2026-12-02      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP              | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    865000 | PA      | $586270.20    | 0.50%             | 2052-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO              | Columbia Pipelines Holding Co LLC                                               | CUSIP: 19828AAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    245000 | PA      | $252848.00    | 0.22%             | 2034-01-15      | Fixed         | 5.68%                 | Yes           |                  2 | On Loan: No      |
| DOMINION ENERGY INC                   | Dominion Energy Inc                                                             | CUSIP: 25746UDJ5<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118208.38    | 0.10%             | 2026-04-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| EAST OHIO GAS CO/THE                  | East Ohio Gas Co/The                                                            | CUSIP: 27409LAE3<br>LEI: BC95Y6MXLT75BGO7UM71 | Long             | DBT              | CORP              | US        |    110000 | PA      | $71424.35     | 0.06%             | 2050-06-15      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Roper Technologies Inc                | Roper Technologies Inc                                                          | CUSIP: 776743AB2<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59940.88     | 0.05%             | 2025-12-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Roper Technologies Inc                | Roper Technologies Inc                                                          | CUSIP: 776743AF3<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    245000 | PA      | $245599.77    | 0.21%             | 2028-09-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                    | Advance Auto Parts Inc                                                          | CUSIP: 00751YAF3<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    150000 | PA      | $140751.84    | 0.12%             | 2027-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                | Sempra Energy                                                                   | CUSIP: 816851BP3<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    135000 | PA      | $132351.92    | 0.11%             | 2029-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| SUNCOR ENERGY INC                     | Suncor Energy Inc                                                               | CUSIP: 867224AE7<br>LEI: 549300W70ZOQDVLCHY06 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $180668.57    | 0.15%             | 2051-03-04      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                          | Synopsys Inc                                                                    | CUSIP: 871607AB3<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    235000 | PA      | $237671.15    | 0.20%             | 2028-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| TAKEDA PHARMACEUTICAL                 | Takeda Pharmaceutical Co Ltd                                                    | CUSIP: 874060AY2<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |    250000 | PA      | $190855.67    | 0.16%             | 2040-07-09      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                           | Exelon Corp                                                                     | CUSIP: 30161NBJ9<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    650000 | PA      | $665220.45    | 0.57%             | 2028-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| FORTIS INC                            | Fortis Inc/Canada                                                               | CUSIP: 349553AM9<br>LEI: 549300MQYQ9Y065XPR71 | Long             | DBT              | CORP              | CA        |    242000 | PA      | $239285.04    | 0.20%             | 2026-10-04      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| ALLEGION US HOLDING CO                | Allegion US Holding Co Inc                                                      | CUSIP: 01748NAE4<br>LEI: 5493002B66JX7J7SXI33 | Long             | DBT              | CORP              | US        |    270000 | PA      | $266747.21    | 0.23%             | 2027-10-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| ALLEGION PLC                          | Allegion PLC                                                                    | CUSIP: 01748TAB7<br>LEI: 984500560CAC2E6FB757 | Long             | DBT              | CORP              | IE        |    100000 | PA      | $96774.58     | 0.08%             | 2029-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                  | Targa Resources Corp                                                            | CUSIP: 87612GAC5<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    350000 | PA      | $372362.70    | 0.32%             | 2033-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| TRACTOR SUPPLY CO                     | Tractor Supply Co                                                               | CUSIP: 892356AB2<br>LEI: 549300OJ9VZHZRO6I137 | Long             | DBT              | CORP              | US        |    230000 | PA      | $237576.53    | 0.20%             | 2033-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS              | Huntington Ingalls Industries Inc                                               | CUSIP: 446413BA3<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257824.51    | 0.22%             | 2030-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Co                  | Kraft Heinz Foods Co                                                            | CUSIP: 50077LAB2<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    375000 | PA      | $312304.51    | 0.27%             | 2046-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                            | Leidos Inc                                                                      | CUSIP: 52532XAF2<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |    350000 | PA      | $349033.03    | 0.30%             | 2030-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Lincoln National Corp                 | Lincoln National Corp                                                           | CUSIP: 534187BA6<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    110000 | PA      | $125225.26    | 0.11%             | 2040-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS CO                  | National Fuel Gas Co                                                            | CUSIP: 636180BU4<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |    225000 | PA      | $234863.42    | 0.20%             | 2035-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Netflix Inc                           | Netflix Inc                                                                     | CUSIP: 64110LAS5<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    400000 | PA      | $408854.34    | 0.35%             | 2028-04-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TYSON FOODS INC                       | Tyson Foods Inc                                                                 | CUSIP: 902494BM4<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |    550000 | PA      | $579832.23    | 0.50%             | 2034-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| VALERO ENERGY CORP                    | Valero Energy Corp                                                              | CUSIP: 91913YBC3<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |    200000 | PA      | $181605.77    | 0.16%             | 2031-12-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE               | Nissan Motor Acceptance Co LLC                                                  | CUSIP: 65480CAC9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1157659.56   | 0.99%             | 2026-09-16      | Fixed         | 1.85%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP                           | Oracle Corp                                                                     | CUSIP: 68389XBZ7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $801339.96    | 0.69%             | 2041-03-25      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL              | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599CB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $103192.43    | 0.09%             | 2030-02-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTN              | Piedmont Operating Partnership LP                                               | CUSIP: 720198AF7<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              |  | US        |    340000 | PA      | $289864.69    | 0.25%             | 2032-04-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| VONTIER CORP                          | Vontier Corp                                                                    | CUSIP: 928881AB7<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |    175000 | PA      | $172610.27    | 0.15%             | 2026-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| WASTE CONNECTIONS INC                 | Waste Connections Inc                                                           | CUSIP: 94106BAF8<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |    475000 | PA      | $466256.92    | 0.40%             | 2033-01-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE / IRELAND DAC               | Aircastle Ltd / Aircastle Ireland DAC                                           | CUSIP: 00929JAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    350000 | PA      | $352799.72    | 0.30%             | 2030-09-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                   | American Tower Corp                                                             | CUSIP: 03027XAW0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    250000 | PA      | $245341.78    | 0.21%             | 2029-08-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Appalachian Power Co                  | Appalachian Power Co                                                            | CUSIP: 037735CM7<br>LEI: 3SCHO1ABYYIG382BEI70 | Long             | DBT              | CORP              | US        |    100000 | PA      | $113529.97    | 0.10%             | 2038-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                       | CVS Health Corp                                                                 | CUSIP: 126650CN8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    520000 | PA      | $472319.29    | 0.40%             | 2045-07-20      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                       | CVS Health Corp                                                                 | CUSIP: 126650EF3<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202444.21    | 0.17%             | 2054-06-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY              | Canadian Pacific Railway Co                                                     | CUSIP: 13645RBG8<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    195000 | PA      | $146252.91    | 0.13%             | 2041-12-02      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                    | Ally Financial Inc                                                              | CUSIP: 02005NBV1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    225000 | PA      | $232204.10    | 0.20%             | 2035-07-26      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp                      | BAT Capital Corp                                                                | CUSIP: 05526DBF1<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    200000 | PA      | $167821.76    | 0.14%             | 2047-08-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                   | Carrier Global Corp                                                             | CUSIP: 14448CAL8<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    235000 | PA      | $215821.38    | 0.18%             | 2031-02-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                          | Centene Corp                                                                    | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    225000 | PA      | $209257.42    | 0.18%             | 2028-07-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                       | Cigna Corp                                                                      | CUSIP: 125523AK6<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    125000 | PA      | $112285.66    | 0.10%             | 2048-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO              | Capital One Financial Corp                                                      | CUSIP: 14040HDN2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    400000 | PA      | $395752.38    | 0.34%             | 2036-09-11      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN              | Rogers Communications Inc                                                       | CUSIP: 775109DE8<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $203863.95    | 0.17%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SMITHFIELD FOODS INC                  | Smithfield Foods Inc                                                            | CUSIP: 832248BD9<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    100000 | PA      | $87648.03     | 0.07%             | 2031-09-13      | Fixed         | 2.63%                 | Yes           |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                | CenterPoint Energy Inc                                                          | CUSIP: 15189TBB2<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    345000 | PA      | $312720.71    | 0.27%             | 2031-06-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                         | Citigroup Inc                                                                   | CUSIP: 172967PG0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    500000 | PA      | $518746.88    | 0.44%             | 2035-02-13      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA              | Electricite de France SA                                                        | CUSIP: 28504DAC7<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $273003.42    | 0.23%             | 2033-05-23      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                  | Enel Finance International NV                                                   | CUSIP: 29278GBH0<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $394359.98    | 0.34%             | 2035-09-30      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| HP ENTERPRISE CO                      | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBW8<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    235000 | PA      | $224902.24    | 0.19%             | 2054-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC              | Microchip Technology Inc                                                        | CUSIP: 595017BE3<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |    245000 | PA      | $250496.25    | 0.21%             | 2029-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP                        | Solventum Corp                                                                  | CUSIP: 83444MAP6<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    194000 | PA      | $200246.82    | 0.17%             | 2029-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| TELUS Corp                            | TELUS Corp                                                                      | CUSIP: 87971MBD4<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $147266.04    | 0.13%             | 2027-02-16      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP              | National Rural Utilities Cooperative Finance Corp                               | CUSIP: 637432NK7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149808.81    | 0.13%             | 2046-04-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                          | NiSource Inc                                                                    | CUSIP: 65473PAN5<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     95000 | PA      | $97528.02     | 0.08%             | 2028-03-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OMNICOM GROUP INC                     | Omnicom Group Inc                                                               | CUSIP: 681919BD7<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | DBT              | CORP              | US        |    500000 | PA      | $450893.55    | 0.39%             | 2031-08-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                             | ONEOK Inc                                                                       | CUSIP: 682680BL6<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    500000 | PA      | $530379.81    | 0.45%             | 2033-09-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP              | Citizens Financial Group Inc                                                    | CUSIP: 174610BF1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    300000 | PA      | $312765.16    | 0.27%             | 2030-01-23      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| COCA-COLA EUROPACIFIC                 | Coca-Cola European Partners PLC                                                 | CUSIP: 19123MAF0<br>LEI: 549300LTH67W4GWMRF57 | Long             | DBT              | CORP              | GB        |    325000 | PA      | $314422.69    | 0.27%             | 2027-01-15      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                | Williams Cos Inc/The                                                            | CUSIP: 88339WAC0<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    280000 | PA      | $284397.93    | 0.24%             | 2034-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| UDR Inc                               | UDR Inc                                                                         | CUSIP: 90265EAN0<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |    100000 | PA      | $98557.62     | 0.08%             | 2028-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DOC DR LLC                            | Physicians Realty LP                                                            | CUSIP: 71951QAB8<br>LEI: 549300P6Q1UMT0X60U20 | Long             | DBT              |  | US        |    150000 | PA      | $148847.52    | 0.13%             | 2028-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| RTX CORP                              | Raytheon Technologies Corp                                                      | CUSIP: 75513ECR0<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    680000 | PA      | $704540.40    | 0.60%             | 2033-02-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CONCENTRIX CORP                       | Concentrix Corp                                                                 | CUSIP: 20602DAB7<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |    500000 | PA      | $523694.76    | 0.45%             | 2028-08-02      | Fixed         | 6.60%                 | No            |                  2 | On Loan: —       |
| CONSTELLATION BRANDS INC              | Constellation Brands Inc                                                        | CUSIP: 21036PBQ0<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    115000 | PA      | $116854.30    | 0.10%             | 2029-01-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                      | Crown Castle International Corp                                                 | CUSIP: 22822VAT8<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |    150000 | PA      | $133561.86    | 0.11%             | 2031-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Emera US Finance LP                   | Emera US Finance LP                                                             | CUSIP: 29103DAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    390000 | PA      | $336987.39    | 0.29%             | 2046-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                    | Energy Transfer Partners LP                                                     | CUSIP: 29273RBJ7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251863.38    | 0.22%             | 2045-12-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                           | Exelon Corp                                                                     | CUSIP: 30161NBR1<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    215000 | PA      | $221810.35    | 0.19%             | 2031-03-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN              | Rogers Communications Inc                                                       | CUSIP: 775109CJ8<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    315000 | PA      | $274424.13    | 0.23%             | 2042-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                | Sempra                                                                          | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    500000 | PA      | $487736.40    | 0.42%             | 2052-04-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| UDR INC                               | UDR Inc                                                                         | CUSIP: 90265EAS9<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |    205000 | PA      | $176926.18    | 0.15%             | 2034-11-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds | Mexico Government International Bond                                            | CUSIP: 91086QAS7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    206000 | PA      | $224334.00    | 0.19%             | 2034-09-27      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                | Verizon Communications Inc                                                      | CUSIP: 92343VDC5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    390000 | PA      | $318565.91    | 0.27%             | 2046-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                | Verizon Communications Inc                                                      | CUSIP: 92343VFX7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    500000 | PA      | $439825.56    | 0.38%             | 2030-10-30      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| Flowers Foods Inc                     | Flowers Foods Inc                                                               | CUSIP: 343498AB7<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | DBT              | CORP              | US        |    210000 | PA      | $208202.14    | 0.18%             | 2026-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC              | Ford Motor Credit Co LLC                                                        | CUSIP: 345397D67<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    205000 | PA      | $219221.27    | 0.19%             | 2033-11-07      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                      | Welltower Inc                                                                   | CUSIP: 95040QAM6<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    125000 | PA      | $115037.96    | 0.10%             | 2031-06-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| SOUTHERN NATURAL GAS                  | Southern Natural Gas Co LLC                                                     | CUSIP: 84346LAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $111223.83    | 0.10%             | 2047-03-15      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                | Verizon Communications Inc                                                      | CUSIP: 92343VGJ7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    200000 | PA      | $181887.56    | 0.16%             | 2031-03-21      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| General Motors Co                     | General Motors Co                                                               | CUSIP: 37045VAJ9<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    105000 | PA      | $94648.58     | 0.08%             | 2045-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                  | Glencore Funding LLC                                                            | CUSIP: 378272BG2<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $179704.69    | 0.15%             | 2031-09-23      | Fixed         | 2.63%                 | Yes           |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP              | Healthcare Trust of America Holdings LP                                         | CUSIP: 42225UAH7<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              |  | US        |     75000 | PA      | $65138.85     | 0.06%             | 2031-03-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK OP LLC                     | Healthpeak OP LLC                                                               | CUSIP: 42250GAB9<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              |  | US        |    400000 | PA      | $397621.58    | 0.34%             | 2033-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                      | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    510000 | PA      | $506221.91    | 0.43%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES              | International Flavors & Fragrances Inc                                          | CUSIP: 459506AQ4<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |    148000 | PA      | $132476.82    | 0.11%             | 2030-11-01      | Fixed         | 2.30%                 | Yes           |                  2 | On Loan: No      |
| ALCON FINANCE CORP                    | Alcon Finance Corp                                                              | CUSIP: 01400EAB9<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |    220000 | PA      | $209788.96    | 0.18%             | 2029-09-23      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| BOEING CO                             | Boeing Co/The                                                                   | CUSIP: 097023CN3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    495000 | PA      | $466243.71    | 0.40%             | 2030-02-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC               | Jefferies Financial Group Inc                                                   | CUSIP: 47233WBM0<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |     85000 | PA      | $88518.32     | 0.08%             | 2028-07-21      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KeyCorp                               | KeyCorp                                                                         | CUSIP: 49326EEG4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99878.56     | 0.09%             | 2028-04-30      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                         | Citigroup Inc                                                                   | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    385000 | PA      | $409784.08    | 0.35%             | 2034-05-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP              | Citizens Financial Group Inc                                                    | CUSIP: 174610AW5<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    580000 | PA      | $495702.01    | 0.42%             | 2032-09-30      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                   | Fifth Third Bancorp                                                             | CUSIP: 316773CV0<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199311.91    | 0.17%             | 2028-03-14      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                | General Motors Financial Co Inc                                                 | CUSIP: 37045XER3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    400000 | PA      | $416865.98    | 0.36%             | 2031-02-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KEYCORP                               | KeyCorp                                                                         | CUSIP: 49326EEJ8<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    300000 | PA      | $281204.80    | 0.24%             | 2029-10-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                     | Kinder Morgan Inc/DE                                                            | CUSIP: 49456BAJ0<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    300000 | PA      | $273034.41    | 0.23%             | 2046-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                              | AT&T Inc                                                                        | CUSIP: 00206RDS8<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    400000 | PA      | $387034.08    | 0.33%             | 2047-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| HCA INC                               | HCA Inc                                                                         | CUSIP: 404121AL9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    755000 | PA      | $753861.29    | 0.64%             | 2054-09-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Heineken NV                           | Heineken NV                                                                     | CUSIP: 423012AG8<br>LEI: 724500K5PTPSST86UQ23 | Long             | DBT              | CORP              | NL        |     75000 | PA      | $62807.12     | 0.05%             | 2047-03-29      | Fixed         | 4.35%                 | Yes           |                  2 | On Loan: No      |
| BOEING CO                             | Boeing Co/The                                                                   | CUSIP: 097023CM5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    400000 | PA      | $391994.18    | 0.34%             | 2027-02-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO              | Capital One Financial Corp                                                      | CUSIP: 14040HBN4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $497361.19    | 0.43%             | 2027-03-09      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                  | M&T Bank Corp                                                                   | CUSIP: 55261FAV6<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101417.65    | 0.09%             | 2036-01-16      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Masco Corp                            | Masco Corp                                                                      | CUSIP: 574599BM7<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | DBT              | CORP              | US        |     90000 | PA      | $75221.81     | 0.06%             | 2047-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS CO                  | National Fuel Gas Co                                                            | CUSIP: 636180BR1<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |    195000 | PA      | $178053.00    | 0.15%             | 2031-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp                 | Northrop Grumman Corp                                                           | CUSIP: 666807BN1<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245914.76    | 0.21%             | 2028-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP              | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $155940.45    | 0.13%             | 2061-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| CONCENTRIX CORP                       | Concentrix Corp                                                                 | CUSIP: 20602DAA9<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |    370000 | PA      | $375577.10    | 0.32%             | 2026-08-02      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                      | Crown Castle International Corp                                                 | CUSIP: 22822VAM3<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |    100000 | PA      | $92172.08     | 0.08%             | 2049-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| EDP FINANCE BV                        | EDP Finance BV                                                                  | CUSIP: 26835PAH3<br>LEI: 5299007L43AQDFOW5739 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $235923.25    | 0.20%             | 2028-01-24      | Fixed         | 1.71%                 | Yes           |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS              | Huntington Ingalls Industries Inc                                               | CUSIP: 446413AL0<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |    440000 | PA      | $433248.01    | 0.37%             | 2027-12-01      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                    | Ingersoll Rand Inc                                                              | CUSIP: 45687VAG1<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |    120000 | PA      | $122265.57    | 0.10%             | 2054-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| FEDEX CORP                            | FedEx Corp                                                                      | CUSIP: 31428XCN4<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |    250000 | PA      | $187191.29    | 0.16%             | 2041-05-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                | General Motors Financial Co Inc                                                 | CUSIP: 37045XDH6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    425000 | PA      | $405557.62    | 0.35%             | 2028-04-10      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                   | Kimco Realty Corp                                                               | CUSIP: 49446RAP4<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |    140000 | PA      | $138157.88    | 0.12%             | 2026-10-01      | 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        |    480000 | PA      | $521543.16    | 0.45%             | 2029-10-30      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                           | Ovintiv Inc                                                                     | CUSIP: 69047QAD4<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |    260000 | PA      | $281050.09    | 0.24%             | 2053-07-15      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE              | Plains All American Pipeline LP / PAA Finance Corp                              | CUSIP: 72650RBA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $274066.64    | 0.23%             | 2042-06-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| MPLX LP                               | MPLX LP                                                                         | CUSIP: 55336VAK6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    170000 | PA      | $169820.86    | 0.15%             | 2027-03-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                          | NiSource Inc                                                                    | CUSIP: 65473PAP0<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    200000 | PA      | $207453.54    | 0.18%             | 2033-06-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc                 | Reynolds American Inc                                                           | CUSIP: 761713BW5<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |    300000 | PA      | $325275.83    | 0.28%             | 2041-08-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN              | Rogers Communications Inc                                                       | CUSIP: 775109CK5<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $207391.94    | 0.18%             | 2052-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                | Roper Technologies Inc                                                          | CUSIP: 776696AJ5<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    275000 | PA      | $275447.33    | 0.24%             | 2034-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                      | Ryder System Inc                                                                | CUSIP: 78355HKP3<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    220000 | PA      | $216724.13    | 0.19%             | 2026-12-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| SODEXO INC                            | Sodexo Inc                                                                      | CUSIP: 833794AD2<br>LEI: 549300WSZGQGJQXRFU84 | Long             | DBT              | CORP              | US        |    290000 | PA      | $304228.55    | 0.26%             | 2035-08-15      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Sonoco Products Co                    | Sonoco Products Co                                                              | CUSIP: 835495AJ1<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |    120000 | PA      | $122713.18    | 0.10%             | 2040-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                      | Ryder System Inc                                                                | CUSIP: 78355HKS7<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    130000 | PA      | $127287.79    | 0.11%             | 2026-09-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                      | T-Mobile USA Inc                                                                | CUSIP: 87264ACY9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    215000 | PA      | $219682.93    | 0.19%             | 2033-07-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| STIFEL FINANCIAL CORP                 | Stifel Financial Corp                                                           | CUSIP: 860630AG7<br>LEI: 549300E5F07FE5GHJX84 | Long             | DBT              | CORP              | US        |    400000 | PA      | $392210.30    | 0.34%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SYNOVUS BANK GA                       | Synovus Bank/Columbus GA                                                        | CUSIP: 87164DVJ6<br>LEI: DX0JX77PRMOELF7VG772 | Long             | DBT              | CORP              | US        |    450000 | PA      | $459511.91    | 0.39%             | 2028-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| HARTFORD INSUR GRP INC/T              | Hartford Financial Services Group Inc/The                                       | CUSIP: 416518AC2<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | DBT              | CORP              | US        |    120000 | PA      | $131233.58    | 0.11%             | 2042-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                 | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150BE3<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154635.86    | 0.13%             | 2031-01-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS              | Targa Resources Partners LP / Targa Resources Partners Finance Corp             | CUSIP: 87612BBQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $254356.06    | 0.22%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds | Mexico Government International Bonds                                           | CUSIP: 91087BAV2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    700000 | PA      | $739214.00    | 0.63%             | 2035-02-09      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                    | Vodafone Group PLC                                                              | CUSIP: 92857WCA6<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    325000 | PA      | $320191.25    | 0.27%             | 2054-06-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                 | Uber Technologies Inc                                                           | CUSIP: 90353TAN0<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    315000 | PA      | $316144.71    | 0.27%             | 2030-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| RTX CORP                              | United Technologies Corp                                                        | CUSIP: 913017CA5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    175000 | PA      | $147737.02    | 0.13%             | 2045-05-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                | Verizon Communications Inc                                                      | CUSIP: 92343VGK4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    635000 | PA      | $502003.65    | 0.43%             | 2041-03-22      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                | Verizon Communications Inc                                                      | CUSIP: 92343VGY4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    676000 | PA      | $665252.21    | 0.57%             | 2035-02-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                            | VMware Inc                                                                      | CUSIP: 928563AL9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    305000 | PA      | $269114.80    | 0.23%             | 2031-08-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                | US 5YR NOTE (CBT) DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        35 | NC      | $1608.25      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KROGER CO                             | Kroger Co/The                                                                   | CUSIP: 501044DN8<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    125000 | PA      | $97331.68     | 0.08%             | 2050-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Group Inc              | Liberty Mutual Group Inc                                                        | CUSIP: 53079EBG8<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    212000 | PA      | $213485.87    | 0.18%             | 2029-02-01      | Fixed         | 4.57%                 | Yes           |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KAT7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198388.63    | 0.17%             | 2027-05-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                 | Northrop Grumman Corp                                                           | CUSIP: 666807CP5<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    295000 | PA      | $305582.08    | 0.26%             | 2035-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC               | O'Reilly Automotive Inc                                                         | CUSIP: 67103HAK3<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    210000 | PA      | $183121.76    | 0.16%             | 2031-03-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                             | ONEOK Inc                                                                       | CUSIP: 682680BN2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    550000 | PA      | $585464.62    | 0.50%             | 2053-09-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL              | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $257215.74    | 0.22%             | 2029-07-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Phillips 66                           | Phillips 66                                                                     | CUSIP: 718546AL8<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |    265000 | PA      | $236647.27    | 0.20%             | 2044-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| RPM International Inc                 | RPM International Inc                                                           | CUSIP: 749685AU7<br>LEI: 549300TJCKW4BRXPJ474 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144845.01    | 0.12%             | 2045-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP                | Regions Financial Corp                                                          | CUSIP: 7591EPAV2<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |    225000 | PA      | $231408.24    | 0.20%             | 2035-09-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TEXTRON INC                           | Textron Inc                                                                     | CUSIP: 883203CC3<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |    190000 | PA      | $171160.54    | 0.15%             | 2031-03-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| VONTIER CORP                          | Vontier Corp                                                                    | CUSIP: 928881AF8<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |    250000 | PA      | $228538.62    | 0.20%             | 2031-04-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Bacardi Ltd                           | Bacardi Ltd                                                                     | CUSIP: 067316AD1<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |    125000 | PA      | $123321.51    | 0.11%             | 2026-07-15      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                   | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $287392.64    | 0.25%             | 2029-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                   | Fifth Third Bancorp                                                             | CUSIP: 316773DF4<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    345000 | PA      | $336382.13    | 0.29%             | 2033-04-25      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc                  | Freeport-McMoRan Inc                                                            | CUSIP: 35671DBJ3<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    475000 | PA      | $487107.61    | 0.42%             | 2034-11-14      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC               | Jefferies Group LLC                                                             | CUSIP: 47233JDX3<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    575000 | PA      | $500440.87    | 0.43%             | 2032-10-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                             | ONEOK Inc                                                                       | CUSIP: 682680BB8<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    425000 | PA      | $401506.35    | 0.34%             | 2030-03-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                   | Total System Services Inc                                                       | CUSIP: 891906AF6<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75182.02     | 0.06%             | 2028-06-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| AEP Texas Inc                         | AEP Texas Inc                                                                   | CUSIP: 0010EPAN8<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |    130000 | PA      | $130000.00    | 0.11%             | 2025-10-01      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| AIR LEASE CORP                        | Air Lease Corp                                                                  | CUSIP: 00914AAX0<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    475000 | PA      | $484071.54    | 0.41%             | 2031-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE LLC                  | Bayer US Finance LLC                                                            | CUSIP: 07274EAL7<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |    250000 | PA      | $269781.80    | 0.23%             | 2033-11-21      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| COMERICA INC                          | Comerica Inc                                                                    | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |    580000 | PA      | $603692.86    | 0.52%             | 2030-01-30      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                | Verizon Communications Inc                                                      | CUSIP: 92343VFD1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    140000 | PA      | $110224.63    | 0.09%             | 2050-03-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AEP TEXAS INC                         | AEP Texas Inc                                                                   | CUSIP: 00108WAP5<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |    135000 | PA      | $134834.25    | 0.12%             | 2032-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                              | AT&T Inc                                                                        | CUSIP: 00206RDG4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    245000 | PA      | $265077.01    | 0.23%             | 2041-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                   | American Tower Corp                                                             | CUSIP: 03027XBC3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |     75000 | PA      | $67630.18     | 0.06%             | 2030-06-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| COTERRA ENERGY INC                    | Coterra Energy Inc                                                              | CUSIP: 127097AG8<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114299.94    | 0.10%             | 2027-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO              | Capital One Financial Corp                                                      | CUSIP: 14040HCY9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $209805.23    | 0.18%             | 2034-02-01      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC               | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GVR2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    450000 | PA      | $449711.01    | 0.38%             | 2025-10-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES                 | Keysight Technologies Inc                                                       | CUSIP: 49338LAG8<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |    225000 | PA      | $226538.07    | 0.19%             | 2034-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                 | Micron Technology Inc                                                           | CUSIP: 595112BT9<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    390000 | PA      | $301917.34    | 0.26%             | 2041-11-01      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                        | Morgan Stanley                                                                  | CUSIP: 6174467X1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    450000 | PA      | $450346.97    | 0.39%             | 2025-11-24      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                           | Oracle Corp                                                                     | CUSIP: 68389XBX2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1127142.48   | 0.96%             | 2050-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| SMITHFIELD FOODS INC                  | Smithfield Foods Inc                                                            | CUSIP: 832248BC1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    300000 | PA      | $274216.02    | 0.23%             | 2030-10-15      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| WP CAREY INC                          | WP Carey Inc                                                                    | CUSIP: 92936UAM1<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |    375000 | PA      | $384526.16    | 0.33%             | 2034-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Federated Government Obligations Fund | Federated Hermes Government Obligations Fund                                    | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        |   1117952 | PA      | $1117952.50   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** Federated Hermes Managed Pool Series

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Managed Pool Series

**Title:** Chief Compliance Officer