# EDGAR Filing Document

**Accession Number:** 0001137360
**File Stem:** 0001752724-23-072074
**Filing Date:** 2023-3
**Character Count:** 112339
**Document Hash:** d6cc188d082db99a3fbd0a63ffb9d81d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-072074.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001752724-23-072074

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VanEck ETF Trust
- **CENTRAL INDEX KEY:** 0001137360
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10325
- **FILM NUMBER:** 23774349

**BUSINESS ADDRESS:**
- **STREET 1:** 666 THIRD AVENUE, 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 212-293-2000

**MAIL ADDRESS:**
- **STREET 1:** 666 THIRD AVENUE, 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VanEck Vectors ETF Trust
- **DATE OF NAME CHANGE:** 20160427

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MARKET VECTORS ETF TRUST
- **DATE OF NAME CHANGE:** 20070312

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MARKET VECTORS TRUST
- **DATE OF NAME CHANGE:** 20050516

## Series and Classes Contracts Data

### VanEck Fallen Angel High Yield Bond ETF (Series ID: S000036772)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000112461 | VanEck Fallen Angel High Yield Bond ETF | ANGL            |

## Nport-Ex

VANECK FALLEN ANGEL HIGH YIELD BOND ETF

SCHEDULE OF INVESTMENTS

January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Par <br> (000's)** | **Value** |
| **CORPORATE BONDS: 98.1%** |  |  |
| **Australia: 1.6%** |  |  |
| Buckeye Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.95%, 12/01/26 | $15376 | $14092027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.12%, 12/01/27 | 10264 | 9297080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.35%, 10/15/24 | 7689 | 7450433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.60%, 10/15/44 | 7702 | 5884097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.85%, 11/15/43 | 10257 | 7860759 |
|  |  | 44584396 |
| **Canada: 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bombardier, Inc. 144A<br> 7.45%, 05/01/34 † | 13019 | 13248514 |
| Methanex Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25%, 12/01/24 † | 7700 | 7436006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25%, 12/15/29 † | 17911 | 16491374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.65%, 12/01/44 | 7708 | 6373532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TransAlta Corp.<br> 6.50%, 03/15/40 | 7940 | 7660212 |
|  |  | 51209638 |
| **Finland: 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nokia Oyj<br> 6.62%, 05/15/39 | 13232 | 13500610 |
| **Germany: 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dresdner Funding Trust I 144A<br> 8.15%, 06/30/31 | 25673 | 27855205 |
| **Ireland: 2.1%** |  |  |
| Perrigo Finance Unlimited Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.90%, 12/15/24 | 17938 | 17368379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.38%, 03/15/26 | 17931 | 17001009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.40%, 06/15/30 | 19197 | 16870516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.90%, 12/15/44 † | 7819 | 5834850 |
|  |  | 57074754 |
| **Italy: 4.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intesa Sanpaolo SpA 144A<br> 5.02%, 06/26/24 | 51103 | 49873003 |
| Telecom Italia Capital SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.00%, 09/30/34 | 25611 | 20586122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.38%, 11/15/33 | 25552 | 21754079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.20%, 07/18/36 | 25576 | 21760572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.72%, 06/04/38 | 25600 | 22121088 |
|  |  | 136094864 |
| **United Kingdom: 3.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marks & Spencer Plc 144A<br> 7.12%, 12/01/37 | 7673 | 6967160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rolls-Royce Plc 144A<br> 3.62%, 10/14/25 | 25764 | 24024930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Standard Chartered Plc 144A<br> 7.01% (ICE LIBOR USD 3 Month+1.46%), 07/30/37 (o) | 19300 | 19398937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vodafone Group Plc<br> 7.00% (USD Swap Semi 30/360 5 Year+4.87%), 04/04/79 | 51136 | 52731699 |
|  |  | 103122726 |

---

---

| | | |
|:---|:---|:---|
|  | **Par <br> (000's)** | **Value** |
| **United States: 82.5%** |  |  |
| Apache Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25%, 01/15/30 † | $14615 | $13389825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.38%, 10/15/28 † | 8329 | 7710471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 04/15/43 | 10959 | 8687090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.10%, 09/01/40 | 34101 | 29822177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25%, 02/01/42 | 10224 | 8599304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.35%, 07/01/49 | 9907 | 8217260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.00%, 01/15/37 | 11349 | 10763392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bath & Body Works, Inc.<br> 6.95%, 03/01/33 † | 8949 | 8015306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bed Bath & Beyond, Inc.<br> 5.17%, 08/01/44 | 16605 | 877408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brightsphere Investment Group, Inc.<br> 4.80%, 07/27/26 | 7064 | 6562279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brinker International, Inc. 144A<br> 5.00%, 10/01/24 † | 8909 | 8727613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crown Cork & Seal Co., Inc.<br> 7.38%, 12/15/26 | 8952 | 9362002 |
| Delta Air Lines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.90%, 10/28/24 | 23008 | 21969879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.75%, 10/28/29 † | 12122 | 10741304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.38%, 04/19/28 † | 10507 | 9776501 |
| Diversified Healthcare Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 05/01/24 | 6523 | 5700417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 02/15/28 | 12953 | 7911110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DPL, Inc.<br> 4.35%, 04/15/29 | 10495 | 9597598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Embarq Corp.<br> 8.00%, 06/01/36 | 36850 | 17840375 |
| EnLink Midstream Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.15%, 06/01/25 | 10795 | 10413073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.05%, 04/01/45 | 11513 | 9063232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.45%, 06/01/47 | 12798 | 10659015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.60%, 04/01/44 | 8956 | 7510591 |
| EQM Midstream Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 08/01/24 † | 7702 | 7460080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.12%, 12/01/26 | 12799 | 11594216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 07/15/28 | 21747 | 20087051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.50%, 07/15/48 † | 14088 | 10867624 |
| FirstEnergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.60%, 01/15/26 | 7695 | 6915220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.05%, 03/01/25 | 7708 | 7252748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.25%, 09/01/30 | 11541 | 9492357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.65%, 03/01/30 | 15363 | 13146119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.40%, 03/01/50 | 21756 | 15482113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.15%, 07/15/27 | 38386 | 36731563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.10%, 07/15/47 | 15521 | 14335661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.38%, 11/15/31 | 16806 | 19432778 |
| Fluor Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 12/15/24 † | 9851 | 9538544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25%, 09/15/28 † | 15459 | 14436542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ford Holdings LLC<br> 9.30%, 03/01/30 | 4804 | 5547779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ford Motor Co.<br> 4.35%, 12/08/26 † | 24409 | 23787476 |

---

VANECK FALLEN ANGEL HIGH YIELD BOND ETF

SCHEDULE OF INVESTMENTS

(unaudited) (continued)

---

| | | |
|:---|:---|:---|
|  | **Par <br> (000's)** | **Value** |
| **United States (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 01/15/43 | $32545 | $25441992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.29%, 12/08/46 | 21138 | 17458720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.62%, 10/01/28 † | 7280 | 7591584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.40%, 11/01/46 † | 6512 | 6725594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.45%, 07/16/31 † | 17407 | 18695309 |
| Ford Motor Credit Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.66%, 09/08/24 | 12220 | 11777289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.81%, 11/02/27 | 12212 | 11036351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.06%, 11/01/24 | 24406 | 23667078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13%, 08/04/25 | 22778 | 21781121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.27%, 01/09/27 | 14663 | 13722108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.39%, 01/08/26 | 19522 | 18763668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.54%, 08/01/26 | 12219 | 11614159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.69%, 06/09/25 | 9767 | 9497703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.11%, 05/03/29 † | 24216 | 22983345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.58%, 03/18/24 | 24415 | 24267561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Frontier Florida LLC<br> 6.86%, 02/01/28 | 7887 | 7329744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genting New York LLC / GENNY Capital, Inc. 144A<br> 3.30%, 02/15/26 | 13654 | 12226888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genworth Holdings, Inc.<br> 6.50%, 06/15/34 | 7338 | 6594632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Global Marine, Inc.<br> 7.00%, 06/01/28 | 6691 | 5352800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HB Fuller Co.<br> 4.00%, 02/15/27 † | 7742 | 7168086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hillenbrand, Inc.<br> 5.00%, 09/15/26 | 9790 | 9457365 |
| Howmet Aerospace, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.90%, 02/01/27 | 16014 | 16314182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.95%, 02/01/37 | 16012 | 16182768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.75%, 01/15/28 | 7701 | 8088514 |
| Kohl's Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.62%, 05/01/31 † | 12820 | 9515773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25%, 07/17/25 † | 9035 | 8679111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.55%, 07/17/45 † | 10945 | 7211585 |
| Las Vegas Sands Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.90%, 06/25/25 | 12818 | 12007407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.20%, 08/08/24 | 44782 | 43113146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 08/18/26 | 25597 | 23863088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.90%, 08/08/29 | 19228 | 17249831 |
| Lumen Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.88%, 01/15/28 | 7561 | 6135336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.60%, 09/15/39 | 13291 | 8983985 |
| Macy's Retail Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.30%, 02/15/43 | 6398 | 3975717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 12/15/34 | 9375 | 6897984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.12%, 01/15/42 | 6394 | 4324838 |
| Mattel, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.45%, 11/01/41 † | 7777 | 6664227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.20%, 10/01/40 | 6490 | 6032780 |
| Murphy Oil Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.12%, 12/01/42 | 8686 | 7144256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.05%, 05/01/29 | 6400 | 6559392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Navient Corp.<br> 5.62%, 08/01/33 | 15630 | 12138361 |
| Newell Brands, Inc. |  |  |

---

---

| | | |
|:---|:---|:---|
|  | **Par <br> (000's)** | **Value** |
| **United States (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.45%, 04/01/26 | $50780 | $48300413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.62%, 04/01/36 | 10785 | 9619411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.75%, 04/01/46 | 17066 | 14203861 |
| Nordstrom, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.30%, 04/08/24 | 6405 | 6086255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 03/15/27 † | 8982 | 7768924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25%, 08/01/31 † | 10889 | 8192121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.38%, 04/01/30 | 12814 | 10298163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 01/15/44 † | 24720 | 16712203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.95%, 03/15/28 † | 7704 | 7491447 |
| Occidental Petroleum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.00%, 10/10/36 ^ | 18803 | 9545122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.90%, 08/15/24 | 16476 | 15810225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.40%, 04/15/26 | 7166 | 6791033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 08/15/29 † | 7243 | 6685739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10%, 02/15/47 | 6650 | 5320000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.20%, 03/15/48 | 7782 | 6159425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.40%, 04/15/46 | 10886 | 8931745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.40%, 08/15/49 | 7130 | 5720160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.62%, 06/15/45 | 7481 | 6260821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.55%, 03/15/26 | 21459 | 21699985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.20%, 03/15/40 | 18581 | 18797277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.45%, 09/15/36 | 43798 | 46122141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.60%, 03/15/46 | 28574 | 30465170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.50%, 05/01/31 | 22279 | 24817692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.88%, 09/15/31 | 12284 | 13927538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.95%, 06/15/39 | 8256 | 9482883 |
| Oceaneering International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.65%, 11/15/24 | 10231 | 9935792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.00%, 02/01/28 | 7684 | 7357760 |
| Office Properties Income Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.40%, 02/01/27 | 8981 | 6908689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.65%, 06/15/26 | 7698 | 6187417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.45%, 10/15/31 † | 10249 | 7198836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25%, 05/15/24 | 8985 | 8722435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 02/01/25 | 16643 | 15491115 |
| Ohio National Financial Services, Inc. 144A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.80%, 01/24/30 | 10899 | 10389008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.62%, 05/01/31 | 6426 | 6286151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pacific Western Bank<br> 3.25% (Term SOFR USD 3 Month+2.52%), 05/01/31 | 10245 | 9663231 |
| Patterson-UTI Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.95%, 02/01/28 † | 12595 | 11419950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.15%, 11/15/29 | 9003 | 8420133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Qwest Corp.<br> 7.25%, 09/15/25 | 6386 | 6403114 |
| Resorts World Las Vegas LLC / RWLV Capital, Inc. Reg S |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.62%, 04/16/29 | 25675 | 21018381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.62%, 04/06/31 | 9065 | 7003652 |
| Rockies Express Pipeline LLC 144A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.60%, 05/15/25 | 10248 | 9707029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.80%, 05/15/30 | 8964 | 7997277 |

---

------

---

| | | |
|:---|:---|:---|
|  | **Par <br> (000's)** | **Value** |
| **United States (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.95%, 07/15/29 | $14076 | $12739449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.88%, 04/15/40 | 12817 | 10879666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.50%, 07/15/38 | 6419 | 5946786 |
| Royal Caribbean Cruises Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.70%, 03/15/28 † | 12816 | 10109004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.50%, 10/15/27 | 7689 | 7153884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Caribbean Cruises Ltd. 144A<br> 11.50%, 06/01/25 | 35627 | 38299559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Safeway, Inc.<br> 7.25%, 02/01/31 | 6925 | 7050827 |
| Seagate HDD Cayman |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.09%, 06/01/29 † | 12804 | 11363550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.12%, 01/15/31 | 7575 | 6371787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 01/01/25 | 12279 | 12018561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.88%, 03/01/24 | 12800 | 12681600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.88%, 06/01/27 † | 12937 | 12558205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.75%, 12/01/34 † | 12546 | 11523689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sealed Air Corp. 144A<br> 6.88%, 07/15/33 | 11718 | 12193223 |
| Service Properties Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.95%, 01/15/28 † | 10256 | 7824097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.35%, 10/01/24 | 21110 | 19934490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.38%, 02/15/30 † | 10250 | 7462513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 03/15/25 | 8958 | 8118501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.65%, 03/15/24 | 8983 | 8757758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 10/01/26 | 11540 | 9544330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.95%, 02/15/27 | 10249 | 8398489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.95%, 10/01/29 | 10887 | 8179566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25%, 02/15/26 | 8964 | 7774255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Southeast Supply Header LLC 144A<br> 4.25%, 06/15/24 | 10401 | 9842102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Southwestern Energy Co.<br> 5.70%, 01/23/25 | 10148 | 10073412 |
| Spirit AeroSystems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.85%, 06/15/26 | 7772 | 7313646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.60%, 06/15/28 † | 18014 | 15168287 |
| Sprint Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.88%, 11/15/28 | 63287 | 67789991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.75%, 03/15/32 | 51093 | 63168831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Steelcase, Inc.<br> 5.12%, 01/18/29 | 11756 | 10510511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tenet Healthcare Corp.<br> 6.88%, 11/15/31 | 9478 | 8746119 |
| Toledo Hospital/The |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.98%, 11/15/45 | 7057 | 4341114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.33%, 11/15/28 | 8243 | 6756007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.01%, 11/15/48 | 10284 | 6879482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Topaz Solar Farms LLC 144A<br> 5.75%, 09/30/39 | 14866 | 14301418 |
| Transocean, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.80%, 03/15/38 | 15606 | 11104761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.50%, 04/15/31 | 10131 | 7866722 |
| Travel + Leisure Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.65%, 04/01/24 | 7702 | 7671731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.00%, 04/01/27 | 10253 | 10072188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.60%, 10/01/25 | 8970 | 8934886 |

---

---

| | | |
|:---|:---|:---|
|  | **Par <br> (000's)** | **Value** |
| **United States (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trinity Industries, Inc.<br> 4.55%, 10/01/24 | $10452 | $10104471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under Armour, Inc.<br> 3.25%, 06/15/26 | 15522 | 14116483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States Cellular Corp.<br> 6.70%, 12/15/33 † | 14148 | 13176103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States Steel Corp.<br> 6.65%, 06/01/37 † | 7071 | 6761884 |
| Western Digital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.85%, 02/01/29 | 12838 | 10479595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.10%, 02/01/32 † | 12833 | 9844762 |
| Western Midstream Operating LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.35%, 02/01/25 | 18715 | 17894254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.95%, 06/01/25 | 10224 | 9774144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.30%, 02/01/30 | 30708 | 28167834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 03/01/28 | 10243 | 9691107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.65%, 07/01/26 | 12151 | 11709797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 08/15/28 | 10253 | 9674013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.30%, 03/01/48 | 17916 | 15695760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.45%, 04/01/44 | 15372 | 13547728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 08/15/48 | 8971 | 7803469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 02/01/50 | 25582 | 22221421 |
| Xerox Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.80%, 05/15/24 | 7684 | 7464814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.80%, 03/01/35 | 6436 | 4401902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.75%, 12/15/39 | 8993 | 7028239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XPO CNW, Inc.<br> 6.70%, 05/01/34 | 7667 | 6926043 |
| Yum! Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.35%, 11/01/43 | 7079 | 6066109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.88%, 11/15/37 | 8336 | 8936859 |
|  |  | 2296491983 |
| **Total Corporate Bonds**<br> (Cost: $3,152,961,023) |  | 2729934176 |

---

---

| | | |
|:---|:---|:---|
|  | **Number**<br> **of Shares** | |
| **SHORT-TERM INVESTMENT HELD AS<br> COLLATERAL FOR SECURITIES ON LOAN: 4.6%** | **SHORT-TERM INVESTMENT HELD AS<br> COLLATERAL FOR SECURITIES ON LOAN: 4.6%** | **SHORT-TERM INVESTMENT HELD AS<br> COLLATERAL FOR SECURITIES ON LOAN: 4.6%** |
| **Money Market Fund: 4.6%**<br> (Cost: $127,914,741) |  |  |
| State Street Navigator Securities Lending Government Money Market Portfolio | 127914741 | 127914741 |
| **Total Investments: 102.7%**<br> (Cost: $3,280,875,764) |  | 2857848917 |
| **Liabilities in excess of other assets: (2.7)%** | **Liabilities in excess of other assets: (2.7)%** | (74585918) |
| **NET ASSETS: 100.0%** |  | $2783262999 |

---

VANECK FALLEN ANGEL HIGH YIELD BOND ETF

SCHEDULE OF INVESTMENTS

(unaudited) (continued)

------

**Definitions:**

LIBOR London Interbank Offered Rate <br> SOFR Secured Overnight Financing Rate <br> USD United States Dollar

**Footnotes:**

---

| | |
|:---|:---|
| † | Security fully or partially on loan. Total market value of securities on loan is $133,991,155. |
| (o) | Perpetual Maturity — the date shown is the next call date |
| ^ | Zero Coupon Bond |
| Reg S | Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. |
| 144A | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended, or otherwise restricted. These securities may be resold in transactions exempt from registration, unless otherwise noted, and the value amounted $300,903,918, or 10.8% of net assets. |

---

---

| | | |
|:---|:---|:---|
| **Summary of Investments by Sector<br> Excluding Collateral for Securities Loaned** | **% of<br> Investments** | **Value** |
| Energy | 27.3% | $744492568 |
| Consumer Cyclicals | 20.2 | 552686693 |
| Technology | 16.2 | 441688606 |
| Industrials | 14.2 | 387213802 |
| Financials | 5.4 | 148760808 |
| Real Estate | 5.3 | 144114016 |
| Utilities | 5.1 | 140046371 |
| Healthcare | 3.1 | 83797474 |
| Basic Materials | 2.4 | 65786106 |
| Consumer Non-Cyclicals | 0.5 | 14017988 |
| Communications | 0.3 | 7329744 |
|  | 100.0% | $2729934176 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** VanEck ETF Trust

- **b. Investment Company Act file number:** 811-10325

- **c. CIK number of Registrant:** 0001137360

- **d. LEI of Registrant:** 549300ZLFKNTXC51ZN76

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

  - **Street Address 1:** 666 THIRD AVENUE, 9TH FLOOR

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

  - **Telephone number:** 212-293-2000

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

- **a. Name of Series:** VanEck Fallen Angel High Yield Bond ETF

- **b. EDGAR series identifier (if any):** S000036772

- **c. LEI of Series:** 549300A6A1N73WLV0K30

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

- **a. Date of fiscal year-end:** 2023-04-30

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2911735634.50

**Total Liabilities:** $128408878.32

**Net Assets:** $2783326756.18

**Cash Not Reported:** $16423724.13

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -276.78000000 | **1-Year:** -22060.68000000 | **5-Year:** -49065.14000000 | **10-Year:** -57294.90000000 | **30-Year:** -45004.97000000

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

- **3-Month:** -3856.45000000 | **1-Year:** -150877.76000000 | **5-Year:** -453362.98000000 | **10-Year:** -612948.21000000 | **30-Year:** -250971.32000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000112461 | 2.56%                | 0.02%                | 3.73%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6448593.79             | $67790488.64                               |
| Month 2  | $-13707561.35            | $2343001.54                                |
| Month 3  | $-12225477.59            | $109704625.49                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| OFFICE PPTY INCOME TRST      | Office Properties Income Trust                                              | CUSIP: 67623CAD1<br>LEI: N/A                  | Long             | DBT              |  | US        |   7598000 | PA      | $6107040.21   | 0.22%             | 2026-06-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO          | Travel + Leisure Co                                                         | CUSIP: 98310WAM0<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |   8820000 | PA      | $8785472.88   | 0.32%             | 2025-10-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC     | Ford Motor Credit Co LLC                                                    | CUSIP: 345397XL2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  21728000 | PA      | $20777074.08  | 0.75%             | 2025-08-04      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ENLINK MIDSTREAM PARTNER     | EnLink Midstream Partners LP                                                | CUSIP: 29336UAE7<br>LEI: 88CPW63VL7KHJWS0NY83 | Long             | DBT              | CORP              | US        |  10620000 | PA      | $10244264.40  | 0.37%             | 2025-06-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT     | Western Midstream Operating LP                                              | CUSIP: 958254AK0<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |  10078000 | PA      | $9508895.34   | 0.34%             | 2028-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Safeway Inc                  | Safeway Inc                                                                 | CUSIP: 786514BA6<br>LEI: 549300NKZ6VCN5P3K723 | Long             | DBT              | CORP              | US        |   6725000 | PA      | $6847193.25   | 0.25%             | 2031-02-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC     | Ford Motor Credit Co LLC                                                    | CUSIP: 345397XU2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  18622000 | PA      | $17898628.41  | 0.64%             | 2026-01-08      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST     | Service Properties Trust                                                    | CUSIP: 44106MAW2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |  10099000 | PA      | $8275572.13   | 0.30%             | 2027-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Nordstrom Inc                | Nordstrom Inc                                                               | CUSIP: 655664AR1<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |  24345000 | PA      | $16458680.70  | 0.59%             | 2044-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Embarq Corp                  | Embarq Corp                                                                 | CUSIP: 29078EAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  36200000 | PA      | $17525687.00  | 0.63%             | 2036-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Methanex Corp                | Methanex Corp                                                               | CUSIP: 59151KAK4<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |   7575000 | PA      | $7315291.13   | 0.26%             | 2024-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| OCCIDENTAL PETROLEUM COR     | Occidental Petroleum Corp                                                   | CUSIP: 674599CW3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |  16476000 | PA      | $15810224.94  | 0.57%             | 2024-08-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| US CELLULAR CORP             | United States Cellular Corp                                                 | CUSIP: 911684AD0<br>LEI: 549300B164AZXESI6E03 | Long             | DBT              | CORP              | US        |  13898000 | PA      | $12943276.89  | 0.47%             | 2033-12-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: —       |
| Yum! Brands Inc              | Yum! Brands Inc                                                             | CUSIP: 988498AD3<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   8236000 | PA      | $8829650.88   | 0.32%             | 2037-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC     | Ford Motor Credit Co LLC                                                    | CUSIP: 345397WW9<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  11645000 | PA      | $11223120.40  | 0.40%             | 2024-09-08      | Fixed         | 3.66%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp             | FirstEnergy Corp                                                            | CUSIP: 337932AC1<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |  16556000 | PA      | $19143702.80  | 0.69%             | 2031-11-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Ford Holdings LLC            | Ford Holdings LLC                                                           | CUSIP: 345277AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4554000 | PA      | $5259073.05   | 0.19%             | 2030-03-01      | Fixed         | 9.30%                 | No            |                  2 | On Loan: No      |
| XEROX CORPORATION            | Xerox Corp                                                                  | CUSIP: 984121CL5<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |   6386000 | PA      | $4367704.06   | 0.16%             | 2035-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| EQM MIDSTREAM PARTNERS L     | EQM Midstream Partners LP                                                   | CUSIP: 26885BAA8<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |   7577000 | PA      | $7339006.43   | 0.26%             | 2024-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| APACHE CORP                  | Apache Corp                                                                 | CUSIP: 037411BF1<br>LEI: 72ZZ1XRHOOU9P9X16K08 | Long             | DBT              | CORP              | US        |  14615000 | PA      | $13389824.55  | 0.48%             | 2030-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| Methanex Corp                | Methanex Corp                                                               | CUSIP: 59151KAJ7<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |   7583000 | PA      | $6270172.73   | 0.23%             | 2044-12-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT     | Western Midstream Operating LP                                              | CUSIP: 958254AE4<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |  10049000 | PA      | $9606844.00   | 0.35%             | 2025-06-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION           | Kohl's Corp                                                                 | CUSIP: 500255AX2<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |  12645000 | PA      | $9385877.70   | 0.34%             | 2031-05-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: —       |
| OCCIDENTAL PETROLEUM COR     | Occidental Petroleum Corp                                                   | CUSIP: 674599CL7<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   4050000 | PA      | $3240000.00   | 0.12%             | 2047-02-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Qwest Corp                   | Qwest Corp                                                                  | CUSIP: 912920AK1<br>LEI: 549300R2L4N683OO1509 | Long             | DBT              | CORP              | US        |   6286000 | PA      | $6302846.48   | 0.23%             | 2025-09-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC     | Ford Motor Credit Co LLC                                                    | CUSIP: 345397YT4<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  11637000 | PA      | $10516706.01  | 0.38%             | 2027-11-02      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| OCEANEERING INTL INC         | Oceaneering International Inc                                               | CUSIP: 675232AA0<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |  10056000 | PA      | $9765841.46   | 0.35%             | 2024-11-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc        | Bath & Body Works Inc                                                       | CUSIP: 532716AK3<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   8824000 | PA      | $7903347.96   | 0.28%             | 2033-03-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: —       |
| Ford Motor Credit Co LLC     | Ford Motor Credit Co LLC                                                    | CUSIP: 345397ZQ9<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  23215000 | PA      | $23074807.40  | 0.83%             | 2024-03-18      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR     | Occidental Petroleum Corp                                                   | CUSIP: 674599CH6<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   7166000 | PA      | $6791032.60   | 0.24%             | 2026-04-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                | Nordstrom Inc                                                               | CUSIP: 655664AX8<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |   6305000 | PA      | $5991231.68   | 0.22%             | 2024-04-08      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| APACHE CORP                  | Apache Corp                                                                 | CUSIP: 037411BG9<br>LEI: 72ZZ1XRHOOU9P9X16K08 | Long             | DBT              | CORP              | US        |   9782000 | PA      | $8113580.03   | 0.29%             | 2049-07-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE     | Rockies Express Pipeline LLC                                                | CUSIP: 77340RAD9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |   6294000 | PA      | $5830981.89   | 0.21%             | 2038-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC       | Lumen Technologies Inc                                                      | CUSIP: 156686AM9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |   7461000 | PA      | $6054191.15   | 0.22%             | 2028-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Sealed Air Corp              | Sealed Air Corp                                                             | CUSIP: 81211KAK6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |  11468000 | PA      | $11933084.74  | 0.43%             | 2033-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Mattel Inc                   | Mattel Inc                                                                  | CUSIP: 577081AU6<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |   6390000 | PA      | $5939824.50   | 0.21%             | 2040-10-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC      | Macy's Retail Holdings LLC                                                  | CUSIP: 55616XAG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6319000 | PA      | $4274108.41   | 0.15%             | 2042-01-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY           | Ford Motor Co                                                               | CUSIP: 345370BY5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   6930000 | PA      | $7226604.00   | 0.26%             | 2028-10-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| Steelcase Inc                | Steelcase Inc                                                               | CUSIP: 858155AE4<br>LEI: GIE4CCPBJDI8SMV1OX95 | Long             | DBT              | CORP              | US        |  11556000 | PA      | $10331699.58  | 0.37%             | 2029-01-18      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC     | Ford Motor Credit Co LLC                                                    | CUSIP: 345397YG2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  11079000 | PA      | $10864344.38  | 0.39%             | 2024-01-09      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL CORPORATION       | Murphy Oil Corp                                                             | CUSIP: 626717AA0<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |   6300000 | PA      | $6456901.50   | 0.23%             | 2029-05-01      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857492706<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        | 127450882 | NS      | $127450882.50 | 4.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ENLINK MIDSTREAM PARTNER     | EnLink Midstream Partners LP                                                | CUSIP: 29336UAG2<br>LEI: 88CPW63VL7KHJWS0NY83 | Long             | DBT              | CORP              | US        |  12573000 | PA      | $10471620.07  | 0.38%             | 2047-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION           | Kohl's Corp                                                                 | CUSIP: 500255AV6<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |  10820000 | PA      | $7129223.67   | 0.26%             | 2045-07-17      | Fixed         | 5.55%                 | No            |                  2 | On Loan: —       |
| Sprint Capital Corp          | Sprint Capital Corp                                                         | CUSIP: 852060AT9<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |  50268000 | PA      | $62148841.80  | 2.23%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| EQM MIDSTREAM PARTNERS L     | EQM Midstream Partners LP                                                   | CUSIP: 26885BAC4<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |  21422000 | PA      | $19786858.74  | 0.71%             | 2028-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE     | Rockies Express Pipeline LLC                                                | CUSIP: 77340RAT4<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |   8839000 | PA      | $7885758.05   | 0.28%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc            | Newell Brands Inc                                                           | CUSIP: 651229AX4<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |  10585000 | PA      | $9441026.13   | 0.34%             | 2036-04-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP         | Las Vegas Sands Corp                                                        | CUSIP: 517834AE7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |  25222000 | PA      | $23513489.97  | 0.84%             | 2026-08-18      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR     | Occidental Petroleum Corp                                                   | CUSIP: 674599DJ1<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |  18306000 | PA      | $18519076.17  | 0.67%             | 2040-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Seagate HDD Cayman           | Seagate HDD Cayman                                                          | CUSIP: 81180WAR2<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |  12737000 | PA      | $12364060.64  | 0.44%             | 2027-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| FIRSTENERGY CORP             | FirstEnergy Corp                                                            | CUSIP: 337932AN7<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |   7570000 | PA      | $6802887.16   | 0.24%             | 2026-01-15      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc          | Delta Air Lines Inc                                                         | CUSIP: 247361ZN1<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |  10307000 | PA      | $9590405.83   | 0.34%             | 2028-04-19      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| Buckeye Partners LP          | Buckeye Partners LP                                                         | CUSIP: 118230AQ4<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |  15126000 | PA      | $13862903.37  | 0.50%             | 2026-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP             | FirstEnergy Corp                                                            | CUSIP: 337932AP2<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |  11341000 | PA      | $9327859.09   | 0.34%             | 2030-09-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T     | Diversified Healthcare Trust                                                | CUSIP: 81721MAK5<br>LEI: N/A                  | Long             | DBT              |  | US        |   6398000 | PA      | $5591180.21   | 0.20%             | 2024-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR     | Occidental Petroleum Corp                                                   | CUSIP: 674599DD4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |  21954000 | PA      | $24455658.30  | 0.88%             | 2031-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Crown Cork & Seal Co Inc     | Crown Cork & Seal Co Inc                                                    | CUSIP: 228255AH8<br>LEI: 7HLDMDH0ZXNUH6PT7Z42 | Long             | DBT              | CORP              | US        |   8952000 | PA      | $9362001.60   | 0.34%             | 2026-12-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Genworth Holdings Inc        | Genworth Holdings Inc                                                       | CUSIP: 37247DAB2<br>LEI: PXDECZED7L8SRUP41R09 | Long             | DBT              | CORP              | US        |   7238000 | PA      | $6504762.52   | 0.23%             | 2034-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL       | Telecom Italia Capital SA                                                   | CUSIP: 87927VAF5<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |  25152000 | PA      | $21413532.48  | 0.77%             | 2033-11-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION           | Kohl's Corp                                                                 | CUSIP: 500255AU8<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |   8910000 | PA      | $8559035.10   | 0.31%             | 2025-07-17      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| SERVICE PROPERTIES TRUST     | Service Properties Trust                                                    | CUSIP: 44106MAY8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |  10125000 | PA      | $7371506.25   | 0.26%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| XEROX CORPORATION            | Xerox Corp                                                                  | CUSIP: 984121CB7<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |   8918000 | PA      | $6969624.70   | 0.25%             | 2039-12-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR     | Occidental Petroleum Corp                                                   | CUSIP: 674599CF0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   7481000 | PA      | $6260821.37   | 0.22%             | 2045-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc            | Newell Brands Inc                                                           | CUSIP: 651229AW6<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |  50005000 | PA      | $47563255.85  | 1.71%             | 2026-04-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Nokia OYJ                    | Nokia Oyj                                                                   | CUSIP: 654902AC9<br>LEI: 549300A0JPRWG1KI7U06 | Long             | DBT              | CORP              | FI        |  12732000 | PA      | $12990459.60  | 0.47%             | 2039-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE     | Rockies Express Pipeline LLC                                                | CUSIP: 77340RAR8<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |  13851000 | PA      | $12535812.92  | 0.45%             | 2029-07-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT     | Western Midstream Operating LP                                              | CUSIP: 958667AC1<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |  30258000 | PA      | $27755058.24  | 1.00%             | 2030-02-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL       | Telecom Italia Capital SA                                                   | CUSIP: 87927VAV0<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |  25200000 | PA      | $21775446.00  | 0.78%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR     | Occidental Petroleum Corp                                                   | CUSIP: 674599DH5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   8131000 | PA      | $9339307.26   | 0.34%             | 2039-06-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Sprint Capital Corp          | Sprint Capital Corp                                                         | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |  62287000 | PA      | $66718839.02  | 2.40%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC         | Howmet Aerospace Inc                                                        | CUSIP: 013817AK7<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |  15762000 | PA      | $15930101.73  | 0.57%             | 2037-02-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR     | Occidental Petroleum Corp                                                   | CUSIP: 674599DG7<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |  18803000 | PA      | $9545122.39   | 0.34%             | 2036-10-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                | Nordstrom Inc                                                               | CUSIP: 655664AY6<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |  10739000 | PA      | $8079271.87   | 0.29%             | 2031-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| ENLINK MIDSTREAM PARTNER     | EnLink Midstream Partners LP                                                | CUSIP: 29336UAD9<br>LEI: 88CPW63VL7KHJWS0NY83 | Long             | DBT              | CORP              | US        |  11313000 | PA      | $8905788.86   | 0.32%             | 2045-04-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Fluor Corp                   | Fluor Corp                                                                  | CUSIP: 343412AF9<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | DBT              | CORP              | US        |  15184000 | PA      | $14179730.24  | 0.51%             | 2028-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| FIRSTENERGY CORP             | FirstEnergy Corp                                                            | CUSIP: 337932AM9<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |  21456000 | PA      | $15268626.00  | 0.55%             | 2050-03-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST     | Service Properties Trust                                                    | CUSIP: 44106MBA9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |  11365000 | PA      | $9399593.73   | 0.34%             | 2026-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Seagate HDD Cayman           | Seagate HDD Cayman                                                          | CUSIP: 81180WAL5<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |  12079000 | PA      | $11822802.60  | 0.42%             | 2025-01-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO          | Travel + Leisure Co                                                         | CUSIP: 98310WAN8<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |  10078000 | PA      | $9900274.47   | 0.36%             | 2027-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP             | FirstEnergy Corp                                                            | CUSIP: 337932AL1<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |  15138000 | PA      | $12953586.60  | 0.47%             | 2030-03-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR     | Occidental Petroleum Corp                                                   | CUSIP: 674599DF9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |  43223000 | PA      | $45516628.50  | 1.64%             | 2036-09-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT     | Western Midstream Operating LP                                              | CUSIP: 958254AF1<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |  11976000 | PA      | $11541151.44  | 0.41%             | 2026-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA          | Intesa Sanpaolo SpA                                                         | CUSIP: 46115HAT4<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |  50203000 | PA      | $48994665.50  | 1.76%             | 2024-06-26      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC     | Ford Motor Credit Co LLC                                                    | CUSIP: 345397A45<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  13988000 | PA      | $13090420.95  | 0.47%             | 2027-01-09      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| Navient Corp                 | Navient Corp                                                                | CUSIP: 78442FAZ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |  15130000 | PA      | $11750057.71  | 0.42%             | 2033-08-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| OFFICE PPTY INCOME TRST      | Office Properties Income Trust                                              | CUSIP: 81618TAE0<br>LEI: N/A                  | Long             | DBT              |  | US        |   8785000 | PA      | $8528279.20   | 0.31%             | 2024-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Bed Bath & Beyond Inc        | Bed Bath & Beyond Inc                                                       | CUSIP: 075896AC4<br>LEI: 529900ZBUWWUV7BKGX39 | Long             | DBT              | CORP              | US        |  16605000 | PA      | $877408.37    | 0.03%             | 2044-08-01      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC     | Ford Motor Credit Co LLC                                                    | CUSIP: 345397ZJ5<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   9317000 | PA      | $9060110.74   | 0.33%             | 2025-06-09      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST     | Service Properties Trust                                                    | CUSIP: 44106MAT9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |   8833000 | PA      | $8005215.41   | 0.29%             | 2025-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE     | Rockies Express Pipeline LLC                                                | CUSIP: 77340RAM9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |  12617000 | PA      | $10709896.42  | 0.38%             | 2040-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| OFFICE PPTY INCOME TRST      | Office Properties Income Trust                                              | CUSIP: 81618TAC4<br>LEI: N/A                  | Long             | DBT              |  | US        |  16393000 | PA      | $15258417.85  | 0.55%             | 2025-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                | Nordstrom Inc                                                               | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |  12614000 | PA      | $10137430.31  | 0.36%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD/RWLV CAP       | Resorts World Las Vegas LLC / RWLV Capital Inc                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25400000 | PA      | $20793256.86  | 0.75%             | 2029-04-16      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Patterson-UTI Energy Inc     | Patterson-UTI Energy Inc                                                    | CUSIP: 703481AB7<br>LEI: 254900XGFBKIXD6G0697 | Long             | DBT              | CORP              | US        |  12395000 | PA      | $11238609.22  | 0.40%             | 2028-02-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: —       |
| OHIO NAT FINANCIAL SRVS      | Ohio National Financial Services Inc                                        | CUSIP: 67740QAH9<br>LEI: 549300K609B872PZT291 | Long             | DBT              | CORP              | US        |  10799000 | PA      | $10293687.14  | 0.37%             | 2030-01-24      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BRINKER INTERNATIONAL IN     | Brinker International Inc                                                   | CUSIP: 109641AH3<br>LEI: 52990067JY6PBGJNTG76 | Long             | DBT              | CORP              | US        |   8909000 | PA      | $8727612.76   | 0.31%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| SERVICE PROPERTIES TRUST     | Service Properties Trust                                                    | CUSIP: 44106MAZ5<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |  20785000 | PA      | $19627587.28  | 0.71%             | 2024-10-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP         | Las Vegas Sands Corp                                                        | CUSIP: 517834AG2<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |  44082000 | PA      | $42439232.69  | 1.52%             | 2024-08-08      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| DPL INC                      | DPL Inc                                                                     | CUSIP: 233293AQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10295000 | PA      | $9414699.67   | 0.34%             | 2029-04-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| FRONTIER FLORIDA LLC         | Frontier Florida LLC                                                        | CUSIP: 362333AH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7687000 | PA      | $7143875.02   | 0.26%             | 2028-02-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| Nordstrom Inc                | Nordstrom Inc                                                               | CUSIP: 655664AS9<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |   8857000 | PA      | $7660806.53   | 0.28%             | 2027-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| Under Armour Inc             | Under Armour Inc                                                            | CUSIP: 904311AA5<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |  15322000 | PA      | $13934592.90  | 0.50%             | 2026-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY           | Ford Motor Co                                                               | CUSIP: 345370CS7<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |  20188000 | PA      | $16674076.72  | 0.60%             | 2046-12-08      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP         | Western Digital Corp                                                        | CUSIP: 958102AR6<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |  12733000 | PA      | $9768047.10   | 0.35%             | 2032-02-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: —       |
| Bombardier Inc               | Bombardier Inc                                                              | CUSIP: 097751AL5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |  13019000 | PA      | $13248514.29  | 0.48%             | 2034-05-01      | Fixed         | 7.45%                 | No            |                  2 | On Loan: —       |
| Global Marine Inc            | Global Marine Inc                                                           | CUSIP: 379352AL1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6591000 | PA      | $5272800.00   | 0.19%             | 2028-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY           | Ford Motor Co                                                               | CUSIP: 345370CR9<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |  23259000 | PA      | $22666758.41  | 0.81%             | 2026-12-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: —       |
| XPO CNW Inc                  | XPO CNW Inc                                                                 | CUSIP: 12612WAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7667000 | PA      | $6926042.87   | 0.25%             | 2034-05-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp        | Tenet Healthcare Corp                                                       | CUSIP: 88033GAV2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   9278000 | PA      | $8561562.30   | 0.31%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC          | Delta Air Lines Inc                                                         | CUSIP: 247361ZU5<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |  22633000 | PA      | $21611799.04  | 0.78%             | 2024-10-28      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Apache Corp                  | Apache Corp                                                                 | CUSIP: 037411BE4<br>LEI: 72ZZ1XRHOOU9P9X16K08 | Long             | DBT              | CORP              | US        |   8179000 | PA      | $7571609.96   | 0.27%             | 2028-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| FORD MOTOR CREDIT CO LLC     | Ford Motor Credit Co LLC                                                    | CUSIP: 345397ZX4<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  23256000 | PA      | $22551896.00  | 0.81%             | 2024-11-01      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| DRESDNER FNDG TRUST I        | Dresdner Funding Trust I                                                    | CUSIP: 26156FAA1<br>LEI: 549300ZEO4BKB37E3J03 | Long             | DBT              | CORP              | US        |  25273000 | PA      | $27421205.00  | 0.99%             | 2031-06-30      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN           | Seagate HDD Cayman                                                          | CUSIP: 81180WBD2<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |   7475000 | PA      | $6287671.00   | 0.23%             | 2031-01-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| TOLEDO HOSPITAL/THE          | Toledo Hospital/The                                                         | CUSIP: 889184AA5<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |   6957000 | PA      | $4279598.55   | 0.15%             | 2045-11-15      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL       | Telecom Italia Capital SA                                                   | CUSIP: 87927VAR9<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |  25151000 | PA      | $21398973.82  | 0.77%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD/RWLV CAP       | Resorts World Las Vegas LLC / RWLV Capital Inc                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9065000 | PA      | $7003651.91   | 0.25%             | 2031-04-06      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR     | Occidental Petroleum Corp                                                   | CUSIP: 674599CN3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   7782000 | PA      | $6159424.98   | 0.22%             | 2048-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Transocean Inc               | Transocean Inc                                                              | CUSIP: 893830AT6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |  15381000 | PA      | $10944658.17  | 0.39%             | 2038-03-15      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp             | FirstEnergy Corp                                                            | CUSIP: 337932AH0<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |  37761000 | PA      | $36133500.90  | 1.30%             | 2027-07-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES      | Royal Caribbean Cruises Ltd                                                 | CUSIP: 780153AZ5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |  35077000 | PA      | $37708301.16  | 1.35%             | 2025-06-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| Apache Corp                  | Apache Corp                                                                 | CUSIP: 037411AR6<br>LEI: 72ZZ1XRHOOU9P9X16K08 | Long             | DBT              | CORP              | US        |  11174000 | PA      | $10597421.60  | 0.38%             | 2037-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC     | Ford Motor Credit Co LLC                                                    | CUSIP: 345397ZR7<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  23066000 | PA      | $21891882.94  | 0.79%             | 2029-05-03      | Fixed         | 5.11%                 | No            |                  2 | On Loan: —       |
| ENLINK MIDSTREAM PARTNER     | EnLink Midstream Partners LP                                                | CUSIP: 29336UAC1<br>LEI: 88CPW63VL7KHJWS0NY83 | Long             | DBT              | CORP              | US        |   8806000 | PA      | $7384799.66   | 0.27%             | 2044-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN           | Seagate HDD Cayman                                                          | CUSIP: 81180WBC4<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |  12629000 | PA      | $11208237.50  | 0.40%             | 2029-06-01      | Fixed         | 4.09%                 | No            |                  2 | On Loan: —       |
| WESTERN MIDSTREAM OPERAT     | Western Midstream Operating LP                                              | CUSIP: 958254AJ3<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |  17666000 | PA      | $15476740.95  | 0.56%             | 2048-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITD     | Perrigo Finance Unlimited Co                                                | CUSIP: 714295AC6<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |  17638000 | PA      | $17077905.31  | 0.61%             | 2024-12-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP         | Las Vegas Sands Corp                                                        | CUSIP: 517834AF4<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |  18928000 | PA      | $16980695.12  | 0.61%             | 2029-08-08      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP         | Las Vegas Sands Corp                                                        | CUSIP: 517834AH0<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |  12643000 | PA      | $11843473.75  | 0.43%             | 2025-06-25      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP          | Buckeye Partners LP                                                         | CUSIP: 118230AP6<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |   7577000 | PA      | $5788600.69   | 0.21%             | 2044-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR     | Occidental Petroleum Corp                                                   | CUSIP: 674599CJ2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |  10761000 | PA      | $8829185.28   | 0.32%             | 2046-04-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Rolls-Royce PLC              | Rolls-Royce PLC                                                             | CUSIP: 77578JAB4<br>LEI: X57JK1U580XATGR67572 | Long             | DBT              | CORP              | GB        |  25464000 | PA      | $23745180.00  | 0.85%             | 2025-10-14      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST     | Service Properties Trust                                                    | CUSIP: 44106MAV4<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |   8839000 | PA      | $7665845.23   | 0.28%             | 2026-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC       | Standard Chartered PLC                                                      | CUSIP: 853254AB6<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |  19000000 | PA      | $19097399.32  | 0.69%             | 2037-07-30      | Fixed         | 7.01%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT     | Western Midstream Operating LP                                              | CUSIP: 958254AD6<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |  15122000 | PA      | $13327396.65  | 0.48%             | 2044-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| TOPAZ SOLAR FARMS LLC        | Topaz Solar Farms LLC                                                       | CUSIP: 89054XAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14616493 | PA      | $14060920.10  | 0.51%             | 2039-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Murphy Oil Corp              | Murphy Oil Corp                                                             | CUSIP: 626717AG7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |   8561000 | PA      | $7041443.56   | 0.25%             | 2042-12-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES      | Royal Caribbean Cruises Ltd                                                 | CUSIP: 780153AW2<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |  12616000 | PA      | $9951248.48   | 0.36%             | 2028-03-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: —       |
| ROYAL CARIBBEAN CRUISES      | Royal Caribbean Cruises Ltd                                                 | CUSIP: 780153AG7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   7564000 | PA      | $7037583.42   | 0.25%             | 2027-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC      | Macy's Retail Holdings LLC                                                  | CUSIP: 55616XAM9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9225000 | PA      | $6787616.63   | 0.24%             | 2034-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PATTERSON-UTI ENERGY INC     | Patterson-UTI Energy Inc                                                    | CUSIP: 703481AC5<br>LEI: 254900XGFBKIXD6G0697 | Long             | DBT              | CORP              | US        |   8853000 | PA      | $8279843.94   | 0.30%             | 2029-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Yum! Brands Inc              | Yum! Brands Inc                                                             | CUSIP: 988498AK7<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   6979000 | PA      | $5980417.25   | 0.21%             | 2043-11-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Apache Corp                  | Apache Corp                                                                 | CUSIP: 037411BA2<br>LEI: 72ZZ1XRHOOU9P9X16K08 | Long             | DBT              | CORP              | US        |  10809000 | PA      | $8568186.21   | 0.31%             | 2043-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T     | Diversified Healthcare Trust                                                | CUSIP: 81721MAM1<br>LEI: N/A                  | Long             | DBT              |  | US        |  12753000 | PA      | $7788958.52   | 0.28%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT     | Western Midstream Operating LP                                              | CUSIP: 958254AH7<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |  10093000 | PA      | $9549189.16   | 0.34%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc            | Newell Brands Inc                                                           | CUSIP: 651229AY2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |  16816000 | PA      | $13995788.64  | 0.50%             | 2046-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP          | Buckeye Partners LP                                                         | CUSIP: 118230AR2<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |  10089000 | PA      | $9138565.76   | 0.33%             | 2027-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| United States Steel Corp     | United States Steel Corp                                                    | CUSIP: 912909AD0<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | DBT              | CORP              | US        |   7071000 | PA      | $6761883.95   | 0.24%             | 2037-06-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: —       |
| FORD MOTOR COMPANY           | Ford Motor Co                                                               | CUSIP: 345370CQ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |  31020000 | PA      | $24249826.06  | 0.87%             | 2043-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Spirit AeroSystems Inc       | Spirit AeroSystems Inc                                                      | CUSIP: 85205TAK6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |  17739000 | PA      | $14936729.37  | 0.54%             | 2028-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: —       |
| H.B. FULLER CO               | HB Fuller Co                                                                | CUSIP: 359694AB2<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |   7742000 | PA      | $7168085.54   | 0.26%             | 2027-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| FIRSTENERGY CORP             | FirstEnergy Corp                                                            | CUSIP: 337932AK3<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |   7558000 | PA      | $7111607.44   | 0.26%             | 2025-03-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Toledo Hospital/The          | Toledo Hospital/The                                                         | CUSIP: 889184AE7<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |  10134000 | PA      | $6779139.30   | 0.24%             | 2048-11-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST     | Service Properties Trust                                                    | CUSIP: 44106MBB7<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |  10737000 | PA      | $8066869.16   | 0.29%             | 2029-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| TransAlta Corp               | TransAlta Corp                                                              | CUSIP: 89346DAE7<br>LEI: GJZNVO2UY6DNFNIYH321 | Long             | DBT              | CORP              | CA        |   7740000 | PA      | $7467259.74   | 0.27%             | 2040-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITD     | Perrigo Finance Unlimited Co                                                | CUSIP: 714295AA0<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |   7719000 | PA      | $5760226.56   | 0.21%             | 2044-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| OCCIDENTAL PETROLEUM COR     | Occidental Petroleum Corp                                                   | CUSIP: 674599CS2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   7243000 | PA      | $6685739.08   | 0.24%             | 2029-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| Electricite de France SA     | Electricite de France SA                                                    | CUSIP: 268317AM6<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |  37728000 | PA      | $36747072.00  | 1.32%             | 2024-01-22      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP          | Buckeye Partners LP                                                         | CUSIP: 118230AM3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |  10107000 | PA      | $7745802.66   | 0.28%             | 2043-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| EQM MIDSTREAM PARTNERS L     | EQM Midstream Partners LP                                                   | CUSIP: 26885BAE0<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |  13888000 | PA      | $10713342.08  | 0.38%             | 2048-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| HOWMET AEROSPACE INC         | Howmet Aerospace Inc                                                        | CUSIP: 013817AJ0<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |  15764000 | PA      | $16059496.18  | 0.58%             | 2027-02-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITE     | Perrigo Finance Unlimited Co                                                | CUSIP: 71429MAC9<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |  18897000 | PA      | $16606872.57  | 0.60%             | 2030-06-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Southwestern Energy Co       | Southwestern Energy Co                                                      | CUSIP: 845467AL3<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |   9948000 | PA      | $9874882.20   | 0.35%             | 2025-01-23      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| GENTING NY LLC/GENNY CAP     | Genting New York LLC / GENNY Capital Inc                                    | CUSIP: 37255JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13454000 | PA      | $12047791.69  | 0.43%             | 2026-02-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST SUPPLY HEADER      | Southeast Supply Header LLC                                                 | CUSIP: 841504AB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10201000 | PA      | $9652849.27   | 0.35%             | 2024-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| METHANEX CORP                | Methanex Corp                                                               | CUSIP: 59151KAL2<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |  17636000 | PA      | $16238170.64  | 0.58%             | 2029-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Spirit AeroSystems Inc       | Spirit AeroSystems Inc                                                      | CUSIP: 85205TAG5<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   7647000 | PA      | $7196018.18   | 0.26%             | 2026-06-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT     | Western Midstream Operating LP                                              | CUSIP: 958254AL8<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   8821000 | PA      | $7672990.96   | 0.28%             | 2048-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Trinity Industries Inc       | Trinity Industries Inc                                                      | CUSIP: 896522AH2<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | DBT              | CORP              | US        |  10252000 | PA      | $9911121.00   | 0.36%             | 2024-10-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp             | FirstEnergy Corp                                                            | CUSIP: 337932AJ6<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |  15296000 | PA      | $14127844.48  | 0.51%             | 2047-07-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PACIFIC WESTERN BANK         | Pacific Western Bank                                                        | CUSIP: 69506YSC4<br>LEI: 549300A7DTSCJLJ33451 | Long             | SN               | CORP              | US        |  10245000 | PA      | $9663230.81   | 0.35%             | 2031-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fluor Corp                   | Fluor Corp                                                                  | CUSIP: 343412AC6<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | DBT              | CORP              | US        |   9676000 | PA      | $9369094.41   | 0.34%             | 2024-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| Vodafone Group PLC           | Vodafone Group PLC                                                          | CUSIP: 92857WBQ2<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |  50336000 | PA      | $51906734.88  | 1.86%             | 2079-04-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Marks & Spencer PLC          | Marks & Spencer PLC                                                         | CUSIP: 57069PAA0<br>LEI: 213800CN1RI3UCIZWB95 | Long             | DBT              | CORP              | GB        |   7573000 | PA      | $6876359.12   | 0.25%             | 2037-12-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| BRIGHTSPHERE INVESTMENT      | Brightsphere Investment Group Inc                                           | CUSIP: 10948WAA1<br>LEI: 5493004FTLQNQTBOP608 | Long             | DBT              | CORP              | US        |   7064000 | PA      | $6562279.40   | 0.24%             | 2026-07-27      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| XEROX CORPORATION            | Xerox Corp                                                                  | CUSIP: 984121CJ0<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |   7584000 | PA      | $7367666.40   | 0.26%             | 2024-05-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| EQM MIDSTREAM PARTNERS L     | EQM Midstream Partners LP                                                   | CUSIP: 26885BAB6<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |  12599000 | PA      | $11413041.77  | 0.41%             | 2026-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY           | Ford Motor Co                                                               | CUSIP: 345370BR0<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   6212000 | PA      | $6415753.60   | 0.23%             | 2046-11-01      | Fixed         | 7.40%                 | No            |                  2 | On Loan: —       |
| Apache Corp                  | Apache Corp                                                                 | CUSIP: 037411AW5<br>LEI: 72ZZ1XRHOOU9P9X16K08 | Long             | DBT              | CORP              | US        |  33601000 | PA      | $29384914.53  | 1.06%             | 2040-09-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC         | Howmet Aerospace Inc                                                        | CUSIP: 022249AU0<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |   7576000 | PA      | $7957224.32   | 0.29%             | 2028-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OCEANEERING INTL INC         | Oceaneering International Inc                                               | CUSIP: 675232AB8<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |   7534000 | PA      | $7214128.96   | 0.26%             | 2028-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR     | Occidental Petroleum Corp                                                   | CUSIP: 674599DE2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |  12284000 | PA      | $13927537.78  | 0.50%             | 2031-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Seagate HDD Cayman           | Seagate HDD Cayman                                                          | CUSIP: 81180WAT8<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |  12600000 | PA      | $12483450.00  | 0.45%             | 2024-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Apache Corp                  | Apache Corp                                                                 | CUSIP: 037411AY1<br>LEI: 72ZZ1XRHOOU9P9X16K08 | Long             | DBT              | CORP              | US        |  10074000 | PA      | $8473140.66   | 0.30%             | 2042-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mattel Inc                   | Mattel Inc                                                                  | CUSIP: 577081AW2<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |   7677000 | PA      | $6578535.92   | 0.24%             | 2041-11-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: —       |
| SERVICE PROPERTIES TRUST     | Service Properties Trust                                                    | CUSIP: 44106MAS1<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |   8808000 | PA      | $8587145.83   | 0.31%             | 2024-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC          | Delta Air Lines Inc                                                         | CUSIP: 247361ZT8<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |  11947000 | PA      | $10586236.70  | 0.38%             | 2029-10-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| OCCIDENTAL PETROLEUM COR     | Occidental Petroleum Corp                                                   | CUSIP: 674599DC6<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |  21459000 | PA      | $21699984.57  | 0.78%             | 2026-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Toledo Hospital/The          | Toledo Hospital/The                                                         | CUSIP: 889184AC1<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |   8093000 | PA      | $6633065.85   | 0.24%             | 2028-11-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO          | Travel + Leisure Co                                                         | CUSIP: 98310WAP3<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |   7552000 | PA      | $7522320.64   | 0.27%             | 2024-04-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR     | Occidental Petroleum Corp                                                   | CUSIP: 674599DL6<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |  28174000 | PA      | $30038696.19  | 1.08%             | 2046-03-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITE     | Perrigo Finance Unlimited Co                                                | CUSIP: 71429MAB1<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |  17631000 | PA      | $16716568.19  | 0.60%             | 2026-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST     | Service Properties Trust                                                    | CUSIP: 44106MAX0<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |  10081000 | PA      | $7690593.28   | 0.28%             | 2028-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: —       |
| LUMEN TECHNOLOGIES INC       | Lumen Technologies Inc                                                      | CUSIP: 156700AM8<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |  13066000 | PA      | $8831897.37   | 0.32%             | 2039-09-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| Seagate HDD Cayman           | Seagate HDD Cayman                                                          | CUSIP: 81180WAN1<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |  12371000 | PA      | $11362949.07  | 0.41%             | 2034-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| FORD MOTOR CREDIT CO LLC     | Ford Motor Credit Co LLC                                                    | CUSIP: 345397ZW6<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  11619000 | PA      | $11043859.50  | 0.40%             | 2026-08-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT     | Western Midstream Operating LP                                              | CUSIP: 958667AA5<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |  25207000 | PA      | $21895682.45  | 0.79%             | 2050-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Transocean Inc               | Transocean Inc                                                              | CUSIP: 893830AF6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |   9981000 | PA      | $7750246.50   | 0.28%             | 2031-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| OHIO NAT FINANCIAL SRVS      | Ohio National Financial Services Inc                                        | CUSIP: 67740QAG1<br>LEI: 549300K609B872PZT291 | Long             | DBT              | CORP              | US        |   6426000 | PA      | $6286151.09   | 0.23%             | 2031-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Nordstrom Inc                | Nordstrom Inc                                                               | CUSIP: 655664AH3<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |   7579000 | PA      | $7369895.39   | 0.26%             | 2028-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: —       |
| MACY'S RETAIL HLDGS LLC      | Macy's Retail Holdings LLC                                                  | CUSIP: 55616XAJ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6323000 | PA      | $3929112.20   | 0.14%             | 2043-02-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY           | Ford Motor Co                                                               | CUSIP: 345370CA6<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |  16607000 | PA      | $17836100.68  | 0.64%             | 2031-07-16      | Fixed         | 7.45%                 | No            |                  2 | On Loan: —       |
| HILLENBRAND INC              | Hillenbrand Inc                                                             | CUSIP: 431571AB4<br>LEI: U246OE781574J2BUD366 | Long             | DBT              | CORP              | US        |   9540000 | PA      | $9215859.23   | 0.33%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP         | Western Digital Corp                                                        | CUSIP: 958102AQ8<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |  12738000 | PA      | $10397965.71  | 0.37%             | 2029-02-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| OFFICE PPTY INCOME TRST      | Office Properties Income Trust                                              | CUSIP: 67623CAF6<br>LEI: N/A                  | Long             | DBT              |  | US        |  10124000 | PA      | $7111036.75   | 0.26%             | 2031-10-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: —       |
| ROCKIES EXPRESS PIPELINE     | Rockies Express Pipeline LLC                                                | CUSIP: 77340RAS6<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |  10098000 | PA      | $9564947.28   | 0.34%             | 2025-05-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP          | Buckeye Partners LP                                                         | CUSIP: 118230AN1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |   7564000 | PA      | $7329311.32   | 0.26%             | 2024-10-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR     | Occidental Petroleum Corp                                                   | CUSIP: 674599CY9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   7130000 | PA      | $5720160.07   | 0.21%             | 2049-08-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| OFFICE PPTY INCOME TRST      | Office Properties Income Trust                                              | CUSIP: 67623CAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8831000 | PA      | $6793300.27   | 0.24%             | 2027-02-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT     | Western Midstream Operating LP                                              | CUSIP: 958667AB3<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |  18440000 | PA      | $17631313.80  | 0.63%             | 2025-02-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL       | Telecom Italia Capital SA                                                   | CUSIP: 87927VAM0<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |  25236000 | PA      | $20284696.80  | 0.73%             | 2034-09-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-02

**Name of Applicant:** VanEck ETF Trust

**Signature:** James Parker

**Name of Signer:** James Parker

**Title:** Assistant Treasurer