# EDGAR Filing Document

**Accession Number:** 0000877880
**File Stem:** 0001752724-23-035246
**Filing Date:** 2023-2
**Character Count:** 90123
**Document Hash:** 97ebdb0cfda64dbe7dbbd2d11402fd42
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-035246.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-035246

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SIT MUTUAL FUNDS INC
- **CENTRAL INDEX KEY:** 0000877880
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06373
- **FILM NUMBER:** 23657207

**BUSINESS ADDRESS:**
- **STREET 1:** 3300 IDS CTR, 80 SOUTH 8TH ST
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402-4130
- **BUSINESS PHONE:** 612-332-3223

**MAIL ADDRESS:**
- **STREET 1:** 3300 IDS CTR, 80 SOUTH 8TH ST
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402-4130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SIT NEW BEGINNING MUTUAL FUNDS INC
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Sit Balanced Fund (Series ID: S000003462)

| Class ID   | Class Name        | Ticker Symbol   |
|:---|:---|:---|
| C000009596 | Sit Balanced Fund | SIBAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SIT MUTUAL FUNDS INC

- **b. Investment Company Act file number:** 811-06373

- **c. CIK number of Registrant:** 0000877880

- **d. LEI of Registrant:** 254900G3NOOZ0B3T2Q46

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

  - **Street Address 1:** 80 S. Eighth Street

  - **City:** Minneapolis

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55402

  - **Telephone number:** 612-332-3223

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

- **a. Name of Series:** Sit Balanced Fund

- **b. EDGAR series identifier (if any):** S000003462

- **c. LEI of Series:** 254900S381ELN1VXPI41

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

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-30

**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:** $44058922.37

**Total Liabilities:** $152413.03

**Net Assets:** $43906509.34

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 7.36099000 | **1-Year:** 477.63247000 | **5-Year:** 3300.42981000 | **10-Year:** 3602.54829000 | **30-Year:** 278.34260000

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

- **3-Month:** 2.44224000 | **1-Year:** 10.36650000 | **5-Year:** 26.28524000 | **10-Year:** 57.58599000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000009596 | 4.37%                | 3.87%                | -3.99%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $60767.73                | $1849344.76                                |
| Month 2  | $296207.95               | $1371268.76                                |
| Month 3  | $48674.94                | $-1961346.90                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| US TREASURY N/B                                                | United States Treasury Note/Bond                                | CUSIP: 91282CEC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    850000 | PA      | $779642.58    | 1.78%             | 2027-02-28      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc                                         | Motorola Solutions Inc                                          | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      1400 | NS      | $360794.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                               | CUSIP: 3136AYLX9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     18338 | PA      | $16318.81     | 0.04%             | 2047-10-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ServiceNow Inc                                                 | ServiceNow Inc                                                  | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       560 | NS      | $217431.20    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                                 | CUSIP: 31371NJ71<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     19828 | PA      | $20325.60     | 0.05%             | 2027-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Siemens AG                                                     | Siemens AG                                                      | CUSIP: 826197501<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      5175 | NS      | $355988.25    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo Mortgage Backed Se                                 | Wells Fargo Mortgage Backed Securities 2020-5 Trust             | CUSIP: 95003BAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     36272 | PA      | $31841.19     | 0.07%             | 2050-09-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                               | CUSIP: 31359VSW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5217 | PA      | $5292.12      | 0.01%             | 2029-04-25      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                                              | CUSIP: 3133TPC49<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      8262 | PA      | $8732.19      | 0.02%             | 2030-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                               | CUSIP: 31392A6Y9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8733 | PA      | $8925.90      | 0.02%             | 2032-01-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                       | JP Morgan Mortgage Trust 2022-2                                 | CUSIP: 46655DAP7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    329708 | PA      | $304041.75    | 0.69%             | 2052-08-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| CHARLES STARK DRAPER LAB                                       | Charles Stark Draper Laboratory Inc/The                         | CUSIP: 15987TAT8<br>LEI: 254900FAU0MCDL819V50 | Long             | DBT              | CORP              | US        |    100000 | PA      | $89245.19     | 0.20%             | 2048-09-01      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| FannieMae Grantor Trust                                        | Fannie Mae Grantor Trust 2004-T3                                | CUSIP: 31393YU78<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      5129 | PA      | $5367.85      | 0.01%             | 2044-02-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FedEx Corp                                                     | FedEx Corp                                                      | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |       975 | NS      | $168870.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| COLLIERS HILL MET DIST #2 CO                                   | Colliers Hill Metropolitan District No 2                        | CUSIP: 194689AR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $192162.50    | 0.44%             | 2047-12-01      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH                                 | Maricopa County Industrial Development Authority                | CUSIP: 56681NGX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99456.00     | 0.23%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Small Business Administration                                  | United States Small Business Administration                     | CUSIP: 83162CRN5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     14243 | PA      | $14034.35     | 0.03%             | 2028-01-01      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| UNUM GROUP                                                     | Unum Group                                                      | CUSIP: 743862AA2<br>LEI: 549300E32YFDO6TZ8R31 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26306.94     | 0.06%             | 2028-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Palo Alto Networks Inc                                         | Palo Alto Networks Inc                                          | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |       500 | NS      | $69770.00     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                                      | Safran SA                                                       | CUSIP: 786584102<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |     11550 | NS      | $360822.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                                 | CUSIP: 3140MSBY0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    339098 | PA      | $326751.15    | 0.74%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc                                                   | Alphabet Inc                                                    | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     12400 | NS      | $1094052.00   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                                 | CUSIP: 3140FXER9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    168385 | PA      | $173925.04    | 0.40%             | 2056-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac Gold Pool                                           | CUSIP: 31283H4C6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5893 | PA      | $6093.33      | 0.01%             | 2034-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                       | JP Morgan Mortgage Trust 2021-6                                 | CUSIP: 46653PAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    307877 | PA      | $264305.58    | 0.60%             | 2051-10-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| POLAR TANKERS INC                                              | Polar Tankers Inc                                               | CUSIP: 73102QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     97890 | PA      | $99363.60     | 0.23%             | 2037-05-10      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                                     | PacifiCorp                                                      | CUSIP: 695114CW6<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    200000 | PA      | $172461.18    | 0.39%             | 2030-09-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES                                 | New York State Dormitory Authority                              | CUSIP: 64990G4Z2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    200000 | PA      | $145696.00    | 0.33%             | 2035-07-01      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE MUTUAL INSURA                                       | Nationwide Mutual Insurance Co                                  | CUSIP: 638671AJ6<br>LEI: Z7LVXXWM8HZPKF5T2355 | Long             | DBT              | CORP              | US        |    195000 | PA      | $194486.62    | 0.44%             | 2024-12-15      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| Parker-Hannifin Corp                                           | Parker-Hannifin Corp                                            | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      1350 | NS      | $392850.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Sequoia Mortgage Trust                                         | Sequoia Mortgage Trust 2020-4                                   | CUSIP: 81748RAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     44836 | PA      | $40189.43     | 0.09%             | 2050-11-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST HGR EDU STUDENT LO                                 | Kentucky Higher Education Student Loan Corp                     | CUSIP: 49130NEB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $87922.00     | 0.20%             | 2036-06-01      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                      | Towd Point Mortgage Trust 2019-MH1                              | CUSIP: 89177WAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $94797.30     | 0.22%             | 2058-11-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Putnam Premier Income Trust                                    | Putnam Premier Income Trust                                     | CUSIP: 746853100<br>LEI: G5048SOHSFOQHNEL1E85 | Long             | EC               | RF                | US        |     58975 | NS      | $214079.25    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                                                    | PepsiCo Inc                                                     | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      1825 | NS      | $329704.50    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association                        | CUSIP: 38378UAS6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     15764 | PA      | $16722.40     | 0.04%             | 2038-08-20      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                                 | CUSIP: 3138WKJ55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     12875 | PA      | $13145.76     | 0.03%             | 2038-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Atlassian Corp                                                 | Atlassian Corp                                                  | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |      1050 | NS      | $135114.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association                        | CUSIP: 38379NAS1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      9967 | PA      | $10410.14     | 0.02%             | 2045-06-20      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Intuit Inc                                                     | Intuit Inc                                                      | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      1200 | NS      | $467064.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUIFAX INC                                                    | Equifax Inc                                                     | CUSIP: 294429AS4<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |    100000 | PA      | $84378.78     | 0.19%             | 2030-05-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| QUALCOMM Inc                                                   | QUALCOMM Inc                                                    | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      1625 | NS      | $178652.50    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                                              | CUSIP: 31392TEK9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     22148 | PA      | $22549.93     | 0.05%             | 2032-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                                              | CUSIP: 3137B7FP9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7842 | PA      | $7815.44      | 0.02%             | 2047-10-15      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                                              | CUSIP: 3133TRJM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       648 | PA      | $648.96       | 0.00%             | 2023-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                   | Broadcom Inc                                                    | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      1485 | NS      | $830308.05    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                                 | CUSIP: 31416CEC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1416 | PA      | $1410.35      | 0.00%             | 2024-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MADISON CNTY IL CMNTY UNIT SCH                                 | Madison County Community Unit School District No 7 Edwardsville | CUSIP: 557021JX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $118288.50    | 0.27%             | 2030-12-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Amazon.com Inc                                                 | Amazon.com Inc                                                  | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      9700 | NS      | $814800.00    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Small Business Administration                                  | United States Small Business Administration                     | CUSIP: 83162CRE5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     12118 | PA      | $12028.42     | 0.03%             | 2027-08-01      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK NA                                            | West Loop BC                                                    | CUSIP: 55266CXM3<br>LEI: YJMYTIGWK1HM7EQ06C15 | Long             | DBT              | CORP              | US        |    225000 | PA      | $224703.70    | 0.51%             | 2027-12-01      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Ginnie Mae I Pool                                               | CUSIP: 36291KXG7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      2831 | PA      | $2834.73      | 0.01%             | 2024-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TEXAS CHILDRENS HOSPITAL                                       | Texas Children's Hospital                                       | CUSIP: 88224LAQ1<br>LEI: 549300JQ1IKID2ZK7X26 | Long             | DBT              | CORP              | US        |    115000 | PA      | $106476.45    | 0.24%             | 2029-10-01      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association                        | CUSIP: 38381AGM2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     27957 | PA      | $29422.95     | 0.07%             | 2048-10-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                                            | Abbott Laboratories                                             | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      3550 | NS      | $389754.50    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SPIRIT AIR 2015-1 PTT A                                        | Spirit Airlines Pass Through Trust 2015-1A                      | CUSIP: 84858DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    107016 | PA      | $95374.01     | 0.22%             | 2028-04-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips                                                 | ConocoPhillips                                                  | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      5775 | NS      | $681450.00    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                               | CUSIP: 3136AC5V9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     25907 | PA      | $26968.08     | 0.06%             | 2042-05-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TJX Cos Inc/The                                                | TJX Cos Inc/The                                                 | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      5100 | NS      | $405960.00    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Master Intermediate Income Trust                        | Putnam Master Intermediate Income Trust                         | CUSIP: 746909100<br>LEI: QYQERD8ESA0ALFI8LA12 | Long             | EC               | RF                | US        |     61000 | NS      | $195200.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN TRUST CORP                                            | Northern Trust Corp                                             | CUSIP: 665859AS3<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |    250000 | PA      | $227401.16    | 0.52%             | 2032-05-08      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                           | Fannie Mae Trust 2004-W9                                        | CUSIP: 31394ACL8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     26828 | PA      | $27479.66     | 0.06%             | 2044-02-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac Gold Pool                                           | CUSIP: 31292G5P7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     58756 | PA      | $60908.25     | 0.14%             | 2029-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc/The                                             | Home Depot Inc/The                                              | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      2050 | NS      | $647513.00    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                                 | Morgan Stanley                                                  | CUSIP: 61747YET8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98365.03     | 0.22%             | 2026-07-17      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se                                 | Wells Fargo Mortgage Backed Securities 2020-2 Trust             | CUSIP: 95002QAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     28629 | PA      | $23462.67     | 0.05%             | 2049-12-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                    | Goldman Sachs Group Inc/The                                     | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      1600 | NS      | $549408.00    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| UTAH ST CHRT SCH FIN AUTH CHRT                                 | Utah Charter School Finance Authority                           | CUSIP: 91754TA37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $183421.70    | 0.42%             | 2027-10-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                                 | CUSIP: 31389YN23<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4634 | PA      | $4637.36      | 0.01%             | 2032-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON AND CO                                        | Becton Dickinson and Co                                         | CUSIP: 075887CP2<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47007.30     | 0.11%             | 2032-08-22      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI                                 | Washington State Housing Finance Commission                     | CUSIP: 93978LGJ9<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    155000 | PA      | $149460.30    | 0.34%             | 2024-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ITT LLC                                                        | ITT LLC                                                         | CUSIP: 450679AT2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $25577.22     | 0.06%             | 2025-11-15      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp                                                | McDonald's Corp                                                 | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      1450 | NS      | $382118.50    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| STRIP PRINC                                                    | United States Treasury Strip Principal                          | CUSIP: 912803FT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    175000 | PA      | $58476.55     | 0.13%             | 2050-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MOODY'S CORPORATION                                            | Moody's Corp                                                    | CUSIP: 615369AZ8<br>LEI: 549300GCEDD8YCF5WU84 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46876.06     | 0.11%             | 2032-08-08      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PHILOMATH OR SCH DIST #17J BEN                                 | Benton & Polk School District No 17J                            | CUSIP: 718781CE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $154492.50    | 0.35%             | 2027-06-15      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Medtronic PLC                                                  | Medtronic PLC                                                   | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      3425 | NS      | $266191.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| FannieMae Grantor Trust                                        | Fannie Mae Grantor Trust 2004-T1                                | CUSIP: 31393XFS1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     15553 | PA      | $15722.40     | 0.04%             | 2044-01-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac Gold Pool                                           | CUSIP: 31335AXQ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     68461 | PA      | $71696.06     | 0.16%             | 2031-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust                                                 | PMT Loan Trust 2013-J1                                          | CUSIP: 693456AY1<br>LEI: 549300QFMQR379ND0354 | Long             | ABS-MBS          | CORP              | US        |     28981 | PA      | $25725.01     | 0.06%             | 2043-09-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association                        | CUSIP: 38382UHV6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    180579 | PA      | $184819.03    | 0.42%             | 2051-06-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Darling Ingredients Inc                                        | Darling Ingredients Inc                                         | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |      3525 | NS      | $220629.75    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| First Republic Bank/CA                                         | First Republic Bank/CA                                          | CUSIP: 33616C100<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EC               | CORP              | US        |      1750 | NS      | $213307.50    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Mortgage Trust                                       | JP Morgan Mortgage Trust 2021-6                                 | CUSIP: 46653PBJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    289544 | PA      | $273865.27    | 0.62%             | 2051-10-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                                    | Equinor ASA                                                     | CUSIP: 656531AD2<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |    150000 | PA      | $157939.95    | 0.36%             | 2025-11-15      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| Linde PLC                                                      | Linde PLC                                                       | CUSIP: 000000000<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | GB        |      1225 | NS      | $399570.50    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| PRINCIPAL FINANCIAL GRP                                        | Principal Financial Group Inc                                   | CUSIP: 74251VAL6<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96750.00     | 0.22%             | 2055-05-15      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc                                    | Honeywell International Inc                                     | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      1450 | NS      | $310735.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                                     | Public Finance Authority                                        | CUSIP: 74442PHC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    105000 | PA      | $95967.90     | 0.22%             | 2032-07-01      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                                 | CUSIP: 31381D3U7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1225 | PA      | $1224.26      | 0.00%             | 2026-07-15      | Fixed         | 8.42%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                            | JPMorgan Chase & Co                                             | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      2925 | NS      | $392242.50    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                              | Johnson & Johnson                                               | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      3000 | NS      | $529950.00    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS Intermediate Income Trust                                  | MFS Intermediate Income Trust                                   | CUSIP: 55273C107<br>LEI: WGVMPY7PP3OZCAPKRD65 | Long             | EC               | RF                | US        |     63700 | NS      | $175812.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| RHODE ISLAND ST STUDENT LOAN A                                 | Rhode Island Student Loan Authority                             | CUSIP: 762323CE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $189374.00    | 0.43%             | 2027-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Inc                                            | Cheniere Energy Inc                                             | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      2900 | NS      | $434884.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Vendee Mortgage Trust                                          | Vendee Mortgage Trust 2008-1                                    | CUSIP: 92261UAD6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7306 | PA      | $7436.23      | 0.02%             | 2025-03-15      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| ENTERGY LOUISIANA LLC                                          | Entergy Louisiana LLC                                           | CUSIP: 29364WAV0<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    150000 | PA      | $133801.90    | 0.30%             | 2045-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST EDUCTNL FING                                  | Massachusetts Educational Financing Authority                   | CUSIP: 57563RSU4<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    200000 | PA      | $192528.00    | 0.44%             | 2038-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                                              | CUSIP: 3137BLU48<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     13205 | PA      | $14161.78     | 0.03%             | 2045-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                       | JP Morgan Mortgage Trust 2019-HYB1                              | CUSIP: 46651FAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     32116 | PA      | $29136.78     | 0.07%             | 2049-10-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                                            | American Tower Corp                                             | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      1475 | NS      | $312493.50    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY FL PROJ FIN                                        | Duke Energy Florida Project Finance LLC                         | CUSIP: 26444GAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     49482 | PA      | $44914.90     | 0.10%             | 2029-09-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                                         | UnitedHealth Group Inc                                          | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      2150 | NS      | $1139887.00   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| LOUISIANA ST TRANSPRTN AUTH                                    | Louisiana State Transportation Authority                        | CUSIP: 54651TBC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $261195.00    | 0.59%             | 2027-02-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| Dexcom Inc                                                     | Dexcom Inc                                                      | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      5260 | NS      | $595642.40    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DE                                 | Maryland Community Development Administration                   | CUSIP: 57419TYR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $191056.00    | 0.44%             | 2027-09-01      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                                      | Apple Inc                                                       | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     14600 | NS      | $1896978.00   | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA AIR LINES 2015-1AA                                       | Delta Air Lines 2015-1 Class AA Pass Through Trust              | CUSIP: 24736XAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    121676 | PA      | $111217.83    | 0.25%             | 2027-07-30      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BlackRock Income Trust Inc                                     | BlackRock Income Trust Inc                                      | CUSIP: 09247F209<br>LEI: TZVEKBHO1R4X5PI73286 | Long             | EC               | RF                | US        |      1400 | NS      | $17276.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                                        | Sherwin-Williams Co/The                                         | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      1000 | NS      | $237330.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                                            | Paycom Software Inc                                             | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |       600 | NS      | $186186.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TCW Strategic Income Fund Inc                                  | TCW Strategic Income Fund Inc                                   | CUSIP: 872340104<br>LEI: 54930062BZFVP7F6WJ47 | Long             | EC               | RF                | US        |     18000 | NS      | $83160.00     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                                       | Visa Inc                                                        | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      3100 | NS      | $644056.00    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                                  | Dynatrace Inc                                                   | CUSIP: 268150109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4250 | NS      | $162775.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY N/B                                                | United States Treasury Note/Bond                                | CUSIP: 912810TL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    675000 | PA      | $681960.94    | 1.55%             | 2052-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST EDUCTNL FING                                  | Massachusetts Educational Financing Authority                   | CUSIP: 57563RPQ6<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |     15000 | PA      | $14741.85     | 0.03%             | 2034-07-01      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Ginnie Mae II Pool                                              | CUSIP: 3617BFSK9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     27971 | PA      | $28244.45     | 0.06%             | 2048-05-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                                 | CUSIP: 31418EHK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    341658 | PA      | $329220.52    | 0.75%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| YETI Holdings Inc                                              | YETI Holdings Inc                                               | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |      5500 | NS      | $227205.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Mortgage Trust                                       | JP Morgan Mortgage Trust 2020-8                                 | CUSIP: 46652TAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     18890 | PA      | $15842.71     | 0.04%             | 2051-03-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| COLORADO EDUCTNL & CULTURAL AU                                 | Colorado Educational & Cultural Facilities Authority            | CUSIP: 19645UFU3<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    205000 | PA      | $152612.25    | 0.35%             | 2056-03-01      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| BRITISH AIR 20-1 B PTT                                         | British Airways 2020-1 Class B Pass Through Trust               | CUSIP: 11042WAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     46844 | PA      | $46004.48     | 0.10%             | 2028-11-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SECURITY BENEFIT LIFE                                          | Security Benefit Life Insurance Co                              | CUSIP: 814120AC5<br>LEI: 6GG1425B5X0SPG36P168 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96737.74     | 0.22%             | 2033-10-01      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                                 | CUSIP: 31402DAA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13155 | PA      | $13420.11     | 0.03%             | 2033-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Ginnie Mae II Pool                                              | CUSIP: 36202EXP9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      9250 | PA      | $9423.92      | 0.02%             | 2038-11-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                                | United States Treasury Note/Bond                                | CUSIP: 912810TJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $83156.25     | 0.19%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NVIDIA Corp                                                    | NVIDIA Corp                                                     | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      4200 | NS      | $613788.00    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                                                | Ulta Beauty Inc                                                 | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |       795 | NS      | $372910.65    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association                        | CUSIP: 38381AG34<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     25839 | PA      | $27141.34     | 0.06%             | 2048-11-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Ginnie Mae I Pool                                               | CUSIP: 36295NFS1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       143 | PA      | $143.26       | 0.00%             | 2024-07-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Inc                                             | NextEra Energy Inc                                              | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4140 | NS      | $346104.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY N/B                                                | United States Treasury Note/Bond                                | CUSIP: 91282CFB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    725000 | PA      | $687022.46    | 1.56%             | 2027-07-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2019-2 AA PTT                                       | United Airlines 2019-2 Class AA Pass Through Trust              | CUSIP: 90932JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    132679 | PA      | $107290.53    | 0.24%             | 2032-05-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| TENNESSEE GAS PIPELINE                                         | Tennessee Gas Pipeline Co LLC                                   | CUSIP: 880451AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    213000 | PA      | $227915.70    | 0.52%             | 2028-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Estee Lauder Cos Inc/The                                       | Estee Lauder Cos Inc/The                                        | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |      1635 | NS      | $405659.85    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage A                                 | Ginnie Mae II Pool                                              | CUSIP: 3617FURS6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    198683 | PA      | $200044.40    | 0.46%             | 2062-08-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                            | JPMorgan Chase & Co                                             | CUSIP: 46647PAH9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48592.16     | 0.11%             | 2025-03-01      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                                         | ConocoPhillips Co                                               | CUSIP: 208251AE8<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    125000 | PA      | $138578.50    | 0.32%             | 2029-04-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                       | JP Morgan Mortgage Trust 2021-3                                 | CUSIP: 46592KAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    133333 | PA      | $117754.65    | 0.27%             | 2051-07-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY FL PROJ FIN                                        | Duke Energy Florida Project Finance LLC                         | CUSIP: 26444GAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $101107.09    | 0.23%             | 2033-03-01      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                                 | CUSIP: 3140FXEL2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    154887 | PA      | $161257.68    | 0.37%             | 2041-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN                                 | New Jersey Higher Education Student Assistance Authority        | CUSIP: 646080UX7<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |     85000 | PA      | $81830.35     | 0.19%             | 2039-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association                        | CUSIP: 38374L5X5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1077 | PA      | $1090.73      | 0.00%             | 2035-09-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp                                             | Union Pacific Corp                                              | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      2050 | NS      | $424493.50    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| COVENTRY OH LOCAL SCH DIST                                     | Coventry Local School District                                  | CUSIP: 222867DR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $166646.00    | 0.38%             | 2029-11-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTGE AGY HOMEOWNER                                 | State of New York Mortgage Agency                               | CUSIP: 64988YHN0<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |    150000 | PA      | $112995.00    | 0.26%             | 2040-10-01      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                                 | CUSIP: 31389V4G9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3152 | PA      | $3149.11      | 0.01%             | 2031-01-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc                                                   | Alphabet Inc                                                    | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      4100 | NS      | $363793.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                       | Minnesota Housing Finance Agency                                | CUSIP: 60416S4U1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    135000 | PA      | $125709.30    | 0.29%             | 2027-01-01      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                                              | CUSIP: 31395UEG2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     11221 | PA      | $11461.87     | 0.03%             | 2035-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                    | North Dakota Housing Finance Agency                             | CUSIP: 658909VX1<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    100000 | PA      | $89592.00     | 0.20%             | 2033-07-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                | CVS Health Corp                                                 | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      5800 | NS      | $540502.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association                        | CUSIP: 38382NJZ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    196871 | PA      | $208827.30    | 0.48%             | 2051-02-20      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                                              | CUSIP: 3137A0XM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      9212 | PA      | $9811.26      | 0.02%             | 2036-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DWS Municipal Income Trust                                     | DWS Municipal Income Trust                                      | CUSIP: 233368109<br>LEI: TEL2CK71Z3LE1OCHIB43 | Long             | EC               | RF                | US        |      9800 | NS      | $84378.00     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| LAGRANGE CNTY IN REGL UTIL DIS                                 | LaGrange County Regional Utility District                       | CUSIP: 50710RBZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $176860.80    | 0.40%             | 2040-01-01      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| WICHITA FALLS TX 4B SALES TAX                                  | Wichita Falls 4B Sales Tax Corp                                 | CUSIP: 967121AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $122259.65    | 0.28%             | 2028-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| BlackRock Enhanced Government Fund Inc                         | BlackRock Enhanced Government Fund Inc                          | CUSIP: 09255K108<br>LEI: NL5N0CUZJSJCO40JHD64 | Long             | EC               | RF                | US        |      4536 | NS      | $43908.48     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                                 | Salesforce Inc                                                  | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      3650 | NS      | $483953.50    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage A                                 | Ginnie Mae II Pool                                              | CUSIP: 36202DDN8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     15673 | PA      | $16196.92     | 0.04%             | 2029-09-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se                                 | Wells Fargo Mortgage Backed Securities 2020-2 Trust             | CUSIP: 95002QAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4838 | PA      | $4718.12      | 0.01%             | 2049-12-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                                              | CUSIP: 31393KTW5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      9940 | PA      | $10103.14     | 0.02%             | 2033-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Autodesk Inc                                                   | Autodesk Inc                                                    | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      1450 | NS      | $270961.50    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                                              | CUSIP: 3133TJDF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     30286 | PA      | $30939.79     | 0.07%             | 2029-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                                 | Colorado Health Facilities Authority                            | CUSIP: 19648FTN4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    250000 | PA      | $221777.50    | 0.51%             | 2027-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Ginnie Mae II Pool                                              | CUSIP: 36202EWG0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      6546 | PA      | $6864.43      | 0.02%             | 2038-09-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Applied Materials Inc                                          | Applied Materials Inc                                           | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      2600 | NS      | $253188.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                               | CUSIP: 31397NWY7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27436 | PA      | $28243.29     | 0.06%             | 2039-05-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                                              | CUSIP: 31392TAU1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     22019 | PA      | $22506.46     | 0.05%             | 2032-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Ginnie Mae II Pool                                              | CUSIP: 3617A0T63<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      9757 | PA      | $9960.65      | 0.02%             | 2032-04-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FannieMae Grantor Trust                                        | Fannie Mae Grantor Trust 2004-T1                                | CUSIP: 31393XFT9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     44003 | PA      | $45250.17     | 0.10%             | 2044-01-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Nuveen Multi-Market Income Fund                                | Nuveen Multi-Market Income Fund                                 | CUSIP: 67075J107<br>LEI: G7V8IS406QV705LBK003 | Long             | EC               | RF                | US        |      3953 | NS      | $23204.11     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| STRIP PRINC                                                    | United States Treasury Strip Principal                          | CUSIP: 912803EZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    650000 | PA      | $238285.57    | 0.54%             | 2047-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                                              | CUSIP: 3133TUUU0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     15944 | PA      | $16144.74     | 0.04%             | 2031-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Ameriprise Financial Inc                                       | Ameriprise Financial Inc                                        | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      1150 | NS      | $358075.50    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc                                        | Lululemon Athletica Inc                                         | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | CA        |       925 | NS      | $296351.50    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO IL PARK DIST                                           | Chicago Park District                                           | CUSIP: 167615L35<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |    235000 | PA      | $176057.30    | 0.40%             | 2034-01-01      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                                              | CUSIP: 3133TJDP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     19276 | PA      | $19593.05     | 0.04%             | 2029-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association                        | CUSIP: 38382QQF0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    145333 | PA      | $144739.87    | 0.33%             | 2051-05-20      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| Nuveen AMT-Free Quality Municipal Income Fund                  | Nuveen AMT-Free Quality Municipal Income Fund                   | CUSIP: 670657105<br>LEI: 549300OTYQOOXS64NI63 | Long             | EC               | RF                | US        |     15100 | NS      | $171687.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| OREGON ST FACS AUTH REVENUE                                    | Oregon State Facilities Authority                               | CUSIP: 68608JYV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $284368.00    | 0.65%             | 2031-07-01      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                              | Johnson & Johnson                                               | CUSIP: 478160BU7<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    150000 | PA      | $133528.13    | 0.30%             | 2036-03-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                       | J.P. Morgan Mortgage Trust 2022-1                               | CUSIP: 46654WBG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    349450 | PA      | $319159.92    | 0.73%             | 2052-07-25      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                                   | Thermo Fisher Scientific Inc                                    | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      1200 | NS      | $660828.00    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Mortgage Trust                                       | JP Morgan Mortgage Trust 2021-13                                | CUSIP: 46592XAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    284434 | PA      | $244521.27    | 0.56%             | 2052-04-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Adobe Inc                                                      | Adobe Inc                                                       | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       475 | NS      | $159851.75    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Mortgage Trust                                       | JP Morgan Mortgage Trust 2021-13                                | CUSIP: 46592XBE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300825 | PA      | $273596.16    | 0.62%             | 2052-04-25      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| CVS PASS-THROUGH TRUST                                         | CVS Pass-Through Trust                                          | CUSIP: 126650BS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    118879 | PA      | $123910.12    | 0.28%             | 2032-01-10      | Fixed         | 7.51%                 | No            |                  2 | On Loan: No      |
| HCA Healthcare Inc                                             | HCA Healthcare Inc                                              | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      1600 | NS      | $383936.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| VIRGINIA ST HSG DEV AUTH CMWLT                                 | Virginia Housing Development Authority                          | CUSIP: 92812UR26<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    231472 | PA      | $192293.23    | 0.44%             | 2051-07-25      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                                  | New Residential Mortgage Loan Trust 2018-3                      | CUSIP: 64830KAA5<br>LEI: 549300U48YU2VDL8N523 | Long             | ABS-MBS          | CORP              | US        |     39011 | PA      | $36654.86     | 0.08%             | 2058-05-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                                                 | Microsoft Corp                                                  | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      7800 | NS      | $1870596.00   | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                                          | Northrop Grumman Corp                                           | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |       675 | NS      | $368286.75    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                                                   | Centene Corp                                                    | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |      3500 | NS      | $287035.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                               | CUSIP: 31358T4H9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       152 | PA      | $151.58       | 0.00%             | 2023-03-25      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| CONSUMERS ENERGY CO                                            | Consumers Energy Co                                             | CUSIP: 210518CX2<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |     50000 | PA      | $40941.94     | 0.09%             | 2064-08-31      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                                       | Prudential Financial Inc                                        | CUSIP: 744320AM4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196500.00    | 0.45%             | 2043-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Ginnie Mae II Pool                                              | CUSIP: 36202CYF4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      5798 | PA      | $5889.30      | 0.01%             | 2027-11-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Chubb Ltd                                                      | Chubb Ltd                                                       | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      1400 | NS      | $308840.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                                  | Accenture PLC                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      2025 | NS      | $540351.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE CONNECTIONS INC                                          | Waste Connections Inc                                           | CUSIP: 94106BAF8<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $93035.86     | 0.21%             | 2033-01-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                      | Towd Point Mortgage Trust 2020-MH1                              | CUSIP: 89178YAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     91909 | PA      | $85458.20     | 0.19%             | 2060-02-25      | Variable      | 2.18%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSIONS                                 | Texas Transportation Commission State Highway Fund              | CUSIP: 88283LHU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152844.00    | 0.35%             | 2030-04-01      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                               | CUSIP: 31393CEY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     25246 | PA      | $25619.22     | 0.06%             | 2043-04-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FIDELITY INVESTMENTS MONEY MARKET FUNDS - GOVERNMENT PORTFOLIO | FIDELITY GOVERNMENT PORT-I                                      | CUSIP: 316175108<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    564292 | NS      | $564291.82    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MASSACHUSETTS ST EDUCTNL FING                                  | Massachusetts Educational Financing Authority                   | CUSIP: 57563RMW6<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |     25000 | PA      | $24157.00     | 0.06%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mondelez International Inc                                     | Mondelez International Inc                                      | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      3400 | NS      | $226610.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association                        | CUSIP: 38379BF86<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     13725 | PA      | $14415.54     | 0.03%             | 2034-11-20      | Variable      | 7.21%                 | No            |                  2 | On Loan: No      |
| Constellation Brands Inc                                       | Constellation Brands Inc                                        | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      2025 | NS      | $469293.75    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                               | CUSIP: 31398T6K2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       486 | PA      | $506.38       | 0.00%             | 2040-09-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINANCIAL HLDGS                                        | Fairfax Financial Holdings Ltd                                  | CUSIP: 303901AE2<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $154250.46    | 0.35%             | 2037-07-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** SIT MUTUAL FUNDS INC

**Signature:** Paul Rasmussen

**Name of Signer:** Paul Rasmussen

**Title:** VP, Treasurer & Chief Compliance Officer