# EDGAR Filing Document

**Accession Number:** 0000889284
**File Stem:** 0001752724-23-046755
**Filing Date:** 2023-2
**Character Count:** 176069
**Document Hash:** 49646dd216ce6590396f7fb747196605
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046755.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046755

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STERLING CAPITAL FUNDS
- **CENTRAL INDEX KEY:** 0000889284
- **IRS NUMBER:** 043331055
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06719
- **FILM NUMBER:** 23683007

**BUSINESS ADDRESS:**
- **STREET 1:** 3605 GLENWOOD AVENUE
- **STREET 2:** SUITE 100
- **CITY:** RALEIGH
- **STATE:** NC
- **ZIP:** 27612
- **BUSINESS PHONE:** 8002281872

**MAIL ADDRESS:**
- **STREET 1:** 3605 GLENWOOD AVENUE
- **STREET 2:** SUITE 100
- **CITY:** RALEIGH
- **STATE:** NC
- **ZIP:** 27612

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BB&T FUNDS /
- **DATE OF NAME CHANGE:** 20010419

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BB&T MUTUAL FUNDS GROUP
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Sterling Capital Long Duration Corporate Bond Fund (Series ID: S000033166)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000123268 | A Class             | SCCMX           |
| C000123269 | C Class             | SCCNX           |
| C000123270 | Institutional Class | SCCPX           |
| C000234127 | CLASS R6            | STRFX           |

## Nport-Ex

Sterling

Capital

Long

Duration

Corporate

Bond

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

See

accompanying

Notes

to

the

Schedule

of

Portfolio

Investments.

Principal

Amount

Fair

Value

CORPORATE

BONDS

—

91.1%

Aerospace

&

Defense

—

3.1%

$

90,000

Boeing

Co.

(The),

3.825%,

3/1/59

......

$

57,854

110,000

Boeing

Co.

(The),

3.900%,

5/1/49

......

77,827

170,000

Boeing

Co.

(The),

5.705%,

5/1/40

......

162,112

90,000

L3Harris

Technologies,

Inc.,

4.854%,

4/27/35

.......................

84,205

220,000

Lockheed

Martin

Corp.,

4.150%,

6/15/53

.

187,914

160,000

Raytheon

Technologies

Corp.,

2.820%,

9/1/51

........................

104,587

70,000

Raytheon

Technologies

Corp.,

3.030%,

3/15/52

.......................

47,839

90,000

Raytheon

Technologies

Corp.,

4.450%,

11/16/38

.......................

82,181

804,519

Airlines

—

0.2%

39,000

American

Airlines,

Inc./AAdvantage

Loyalty

IP,

Ltd.,

5.500%,

4/20/26(a)

...

37,494

Apparel

—

0.3%

90,000

NIKE,

Inc.,

3.375%,

3/27/50

..........

70,873

Automobiles

—

0.5%

90,000

Ford

Motor

Co.,

5.291%,

12/8/46

......

68,582

80,000

General

Motors

Co.,

5.150%,

4/1/38

....

69,321

137,903

Banks

—

8.5%

90,000

Bank

of

America

Corp.,

2.482%,

(5-Year

Treasury

Constant

Maturity

plus

1.20%),

9/21/36(b)

.....................

66,353

70,000

Bank

of

America

Corp.,

4.244%,

(LIBOR

USD

3-Month

plus

1.81%),

4/24/38(c)

.

59,743

100,000

Bank

of

America

Corp.,

6.110%,

1/29/37

.

101,407

255,000

Bank

of

America

Corp.,

MTN,

2.676%,

(SOFR

plus

1.93%),

6/19/41(c)

......

172,710

140,000

Bank

of

America

Corp.,

MTN,

4.330%,

(LIBOR

USD

3-Month

plus

1.52%),

3/15/50(c)

.....................

115,662

70,000

Citigroup,

Inc.,

3.878%,

(LIBOR

USD

3-Month

plus

1.17%),

1/24/39(c)

.....

58,159

60,000

Citigroup,

Inc.,

5.316%,

(SOFR

plus

4.55%),

3/26/41(c)

...............

57,448

90,000

Citigroup,

Inc.,

5.875%,

1/30/42

.......

90,550

21,000

Citigroup,

Inc.,

Series

U,

5.000%,

(SOFR

plus

3.81%)(c)(d)

................

18,690

50,000

Fifth

Third

Bancorp,

8.250%,

3/1/38

....

62,139

130,000

Goldman

Sachs

Group,

Inc.

(The),

2.908%,

(SOFR

plus

1.47%),

7/21/42(c)

......

89,022

170,000

Goldman

Sachs

Group,

Inc.

(The),

6.750%,

10/1/37

.......................

180,855

250,000

JPMorgan

Chase

&

Co.,

3.109%,

(SOFR

plus

2.46%),

4/22/41(c)

............

182,767

150,000

JPMorgan

Chase

&

Co.,

3.882%,

(LIBOR

USD

3-Month

plus

1.36%),

7/24/38(c)

.

125,100

100,000

JPMorgan

Chase

&

Co.,

4.260%,

(LIBOR

USD

3-Month

plus

1.58%),

2/22/48(c)

.

82,350

Principal

Amount

Fair

Value

CORPORATE

BONDS

—

(continued)

Banks

—

(continued)

$

90,000

Morgan

Stanley,

2.484%,

(SOFR

plus

1.36%),

9/16/36(c)

...............

$

65,483

110,000

Morgan

Stanley,

3.217%,

(SOFR

plus

1.49%),

4/22/42(c)

...............

81,570

90,000

Morgan

Stanley,

3.971%,

(LIBOR

USD

3-Month

plus

1.46%),

7/22/38(c)

.....

75,993

135,000

PNC

Financial

Services

Group,

Inc.

(The),

Series

O,

8.118%,

(LIBOR

USD

3-Month

plus

3.68%)(b)(d)

.........

134,662

220,000

Wells

Fargo

&

Co.,

5.375%,

11/2/43

....

205,746

100,000

Wells

Fargo

&

Co.,

MTN,

5.013%,

(SOFR

plus

4.50%),

4/4/51(c)

.............

88,709

90,000

Westpac

Banking

Corp.,

2.963%,

11/16/40

59,903

2,175,021

Beverages

—

3.5%

160,000

Anheuser-Busch

Cos.,

LLC/Anheuser-

Busch

InBev

Worldwide,

Inc.,

4.700%,

2/1/36

........................

151,546

300,000

Anheuser-Busch

Cos.,

LLC/Anheuser-

Busch

InBev

Worldwide,

Inc.,

4.900%,

2/1/46

........................

274,960

150,000

Anheuser-Busch

InBev

Worldwide,

Inc.,

4.600%,

6/1/60

..................

131,330

70,000

Anheuser-Busch

InBev

Worldwide,

Inc.,

5.800%,

1/23/59

.................

72,704

100,000

Bacardi,

Ltd.,

5.300%,

5/15/48(a)

......

89,400

60,000

Constellation

Brands,

Inc.,

3.750%,

5/1/50

45,425

80,000

Diageo

Capital

PLC,

3.875%,

4/29/43

...

66,024

90,000

PepsiCo,

Inc.,

2.750%,

10/21/51

.......

62,824

894,213

Capital

Goods

—

0.5%

70,000

Caterpillar,

Inc.,

3.803%,

8/15/42

......

60,007

90,000

Packaging

Corp.

of

America,

3.050%,

10/1/51

.......................

57,868

117,875

Chemicals

—

0.5%

100,000

Ecolab,

Inc.,

2.750%,

8/18/55

.........

60,223

90,000

LYB

International

Finance

III,

LLC,

4.200%,

5/1/50

..................

67,007

127,230

Commercial

Services

&

Supplies

—

1.0%

14,683

Polar

Tankers,

Inc.,

5.951%,

5/10/37(a)

..

14,905

165,000

Republic

Services,

Inc.,

2.375%,

3/15/33

.

132,094

70,000

Verisk

Analytics,

Inc.,

3.625%,

5/15/50

..

48,675

90,000

Waste

Connections,

Inc.,

2.950%,

1/15/52

59,570

255,244

Construction

Materials

—

0.5%

70,000

Martin

Marietta

Materials,

Inc.,

4.250%,

12/15/47

.......................

56,729

Sterling

Capital

Long

Duration

Corporate

Bond

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Principal

Amount

Fair

Value

CORPORATE

BONDS

—

(continued)

Construction

Materials

—

(continued)

$

70,000

Vulcan

Materials

Co.,

4.500%,

6/15/47

..

$

58,477

115,206

Diversified

Financial

Services

—

2.9%

150,000

AerCap

Ireland

Capital

DAC/AerCap

Global

Aviation

Trust,

3.850%,

10/29/41

106,660

70,000

American

Express

Co.,

4.050%,

12/3/42

.

60,066

60,000

Blackstone

Holdings

Finance

Co.,

LLC,

6.250%,

8/15/42(a)

...............

60,854

80,000

Blue

Owl

Finance,

LLC,

4.125%,

10/7/51(a)

.....................

47,365

80,000

Charles

Schwab

Corp.

(The),

Series

H,

4.000%,

(10-Year

Treasury

Constant

Maturity

plus

3.08%)(b)(d)

.........

63,796

145,000

CSL

Finance

PLC,

4.750%,

4/27/52(a)

...

130,867

110,000

Intercontinental

Exchange,

Inc.,

4.250%,

9/21/48

.......................

92,896

60,000

Jefferies

Financial

Group,

Inc.,

6.500%,

1/20/43

.......................

58,766

80,000

S&P

Global,

Inc.,

3.700%,

3/1/52(a)

....

62,184

70,000

Visa,

Inc.,

4.300%,

12/14/45

..........

64,271

747,725

Diversified

Telecommunication

Services

—

1.8%

100,000

America

Movil

SAB

de

CV,

6.125%,

3/30/40

.......................

103,684

100,000

T-Mobile

USA,

Inc.,

3.600%,

11/15/60

..

66,582

120,000

T-Mobile

USA,

Inc.,

4.375%,

4/15/40

...

102,972

50,000

T-Mobile

USA,

Inc.,

5.800%,

9/15/62

...

48,911

80,000

Vodafone

Group

PLC,

4.250%,

9/17/50

..

61,368

80,000

Vodafone

Group

PLC,

5.000%,

5/30/38

..

73,978

457,495

Electric

Utilities

—

11.9%

80,000

AEP

Transmission

Co.,

LLC,

Series

M,

3.650%,

4/1/50(e)

................

61,467

90,000

Appalachian

Power

Co.,

Series

L,

5.800%,

10/1/35

.......................

88,119

40,000

Avista

Corp.,

4.000%,

4/1/52

..........

31,599

75,000

Berkshire

Hathaway

Energy

Co.,

4.600%,

5/1/53(a)

......................

65,580

70,000

CenterPoint

Energy

Houston

Electric,

LLC,

Series

AC,

4.250%,

2/1/49

..........

61,196

140,000

CenterPoint

Energy

Houston

Electric,

LLC,

Series

AD,

2.900%,

7/1/50(e)

........

94,920

90,000

CMS

Energy

Corp.,

3.750%,

(5-Year

Treasury

Constant

Maturity

plus

2.90%),

12/1/50(b)

.....................

67,776

70,000

CMS

Energy

Corp.,

4.700%,

3/31/43

....

59,034

60,000

Commonwealth

Edison

Co.,

5.900%,

3/15/36

.......................

62,859

70,000

Connecticut

Light

&

Power

Co.

(The),

4.000%,

4/1/48

..................

58,544

120,000

Consolidated

Edison

Co.

of

New

York,

Inc.,

4.450%,

3/15/44

.................

103,557

Principal

Amount

Fair

Value

CORPORATE

BONDS

—

(continued)

Electric

Utilities

—

(continued)

$

60,000

Dominion

Energy

South

Carolina,

Inc.,

5.100%,

6/1/65

..................

$

55,026

90,000

Dominion

Energy

South

Carolina,

Inc.,

5.300%,

5/15/33

.................

90,934

90,000

Dominion

Energy,

Inc.,

Series

B,

3.300%,

4/15/41

.......................

67,023

80,000

DTE

Electric

Co.,

3.750%,

8/15/47

.....

63,002

95,000

DTE

Electric

Co.,

Series

B,

3.650%,

3/1/52

74,057

80,000

Duke

Energy

Carolinas,

LLC,

6.100%,

6/1/37

........................

83,154

60,000

Duke

Energy

Florida,

LLC,

6.350%,

9/15/37

.......................

64,664

150,000

Duke

Energy

Indiana,

LLC,

3.750%,

5/15/46

.......................

116,318

80,000

Duke

Energy

Ohio,

Inc.,

3.700%,

6/15/46

59,328

90,000

Duke

Energy

Progress,

LLC,

2.900%,

8/15/51

.......................

59,433

130,000

Entergy

Texas,

Inc.,

3.550%,

9/30/49

....

93,990

70,000

Exelon

Corp.,

4.450%,

4/15/46

........

59,536

70,000

Exelon

Corp.,

5.100%,

6/15/45

........

65,507

80,000

Florida

Power

&

Light

Co.,

4.125%,

2/1/42

69,718

45,000

Florida

Power

&

Light

Co.,

5.850%,

5/1/37

46,623

70,000

Massachusetts

Electric

Co.,

5.900%,

11/15/39(a)

.....................

69,772

90,000

MidAmerican

Energy

Co.,

2.700%,

8/1/52

58,100

70,000

MidAmerican

Energy

Co.,

4.800%,

9/15/43

65,650

80,000

NextEra

Energy

Capital

Holdings,

Inc.,

2.440%,

1/15/32

.................

64,845

40,000

Northern

States

Power

Co.,

4.500%,

6/1/52

36,451

60,000

Oncor

Electric

Delivery

Co.,

LLC,

4.950%,

9/15/52(a)

.....................

58,316

190,000

PECO

Energy

Co.,

2.850%,

9/15/51

....

126,813

100,000

Public

Service

Electric

&

Gas

Co.,

MTN,

5.375%,

11/1/39

.................

96,980

90,000

Puget

Sound

Energy,

Inc.,

2.893%,

9/15/51

57,641

60,000

Puget

Sound

Energy,

Inc.,

5.638%,

4/15/41

59,405

115,000

San

Diego

Gas

&

Electric

Co.,

Series

TTT,

4.100%,

6/15/49

.................

94,522

55,000

San

Diego

Gas

&

Electric

Co.,

Series

UUU,

3.320%,

4/15/50

.................

39,394

130,000

Sempra

Energy,

3.800%,

2/1/38

........

106,976

80,000

Southern

Co.

(The),

4.400%,

7/1/46

.....

67,108

90,000

Union

Electric

Co.,

3.250%,

10/1/49

....

64,192

110,000

Virginia

Electric

&

Power

Co.,

4.000%,

1/15/43

.......................

89,562

110,000

Xcel

Energy,

Inc.,

3.500%,

12/1/49

.....

80,820

3,059,511

Energy

Equipment

&

Services

—

5.6%

100,000

Cheniere

Corpus

Christi

Holdings,

LLC,

2.742%,

12/31/39

................

77,635

75,000

DCP

Midstream

Operating

L.P.,

5.600%,

4/1/44

........................

69,971

75,000

Eastern

Gas

Transmission

&

Storage,

Inc.,

4.800%,

11/1/43

.................

65,342

Sterling

Capital

Long

Duration

Corporate

Bond

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Principal

Amount

Fair

Value

CORPORATE

BONDS

—

(continued)

Energy

Equipment

&

Services

—

(continued)

$

145,000

Energy

Transfer

L.P.,

5.000%,

5/15/44

...

$

118,907

90,000

Energy

Transfer

L.P.,

5.350%,

5/15/45

...

76,710

80,000

Energy

Transfer

L.P.,

7.500%,

7/1/38

....

85,349

120,000

Enterprise

Products

Operating,

LLC,

3.300%,

2/15/53

.................

80,425

110,000

Enterprise

Products

Operating,

LLC,

5.950%,

2/1/41

..................

110,642

80,000

Enterprise

Products

Operating,

LLC,

6.125%,

10/15/39

................

82,336

70,000

Kinder

Morgan

Energy

Partners

L.P.,

5.625%,

9/1/41

..................

64,557

90,000

Kinder

Morgan,

Inc.,

3.600%,

2/15/51

...

62,453

70,000

Kinder

Morgan,

Inc.,

5.550%,

6/1/45

....

64,098

70,000

MPLX

L.P.,

5.200%,

12/1/47

..........

59,934

100,000

Plains

All

American

Pipeline

L.P./PAA

Finance

Corp.,

4.700%,

6/15/44

......

76,280

80,000

Spectra

Energy

Partners

L.P.,

4.500%,

3/15/45

.......................

66,385

75,000

Targa

Resources

Corp.,

6.250%,

7/1/52

..

71,245

64,000

TransCanada

PipeLines,

Ltd.,

4.625%,

3/1/34

........................

58,556

70,000

Williams

Cos.,

Inc.

(The),

5.100%,

9/15/45

61,452

70,000

Williams

Cos.,

Inc.

(The),

6.300%,

4/15/40

71,880

1,424,157

Entertainment

—

0.4%

37,000

Mattel,

Inc.,

5.450%,

11/1/41

.........

30,118

105,000

Warnermedia

Holdings,

Inc.,

5.050%,

3/15/42(a)

.....................

80,726

110,844

Equity

Real

Estate

Investment

Trusts

(REITS)

—

2.0%

90,000

Alexandria

Real

Estate

Equities,

Inc.,

1.875%,

2/1/33

..................

67,200

50,000

Alexandria

Real

Estate

Equities,

Inc.,

3.000%,

5/18/51

.................

31,875

50,000

American

Homes

Rent

L.P.,

4.300%,

4/15/52

.......................

36,741

157,000

American

Tower

Trust,

3.652%,

3/23/28(a)

142,262

70,000

Kimco

Realty

Corp.,

4.250%,

4/1/45

....

53,625

30,000

Mid-America

Apartments

L.P.,

2.875%,

9/15/51

.......................

19,282

80,000

National

Retail

Properties,

Inc.,

3.500%,

4/15/51

.......................

53,843

80,000

Simon

Property

Group

L.P.,

3.250%,

9/13/49

.......................

53,364

80,000

UDR,

Inc.,

3.100%,

11/1/34

..........

60,828

519,020

Food

&

Staples

Retailing

—

1.3%

70,000

Hershey

Co.

(The),

3.125%,

11/15/49

...

50,116

80,000

Hormel

Foods

Corp.,

3.050%,

6/3/51

....

55,570

66,000

Kraft

Heinz

Foods

Co.,

4.875%,

10/1/49

.

57,471

60,000

Kraft

Heinz

Foods

Co.,

6.875%,

1/26/39

.

65,706

Principal

Amount

Fair

Value

CORPORATE

BONDS

—

(continued)

Food

&

Staples

Retailing

—

(continued)

$

150,000

Nestle

Holdings,

Inc.,

2.500%,

9/14/41(a)

$

106,011

334,874

Health

Care

Providers

&

Services

—

10.4%

70,000

Abbott

Laboratories,

4.900%,

11/30/46

..

68,246

60,000

AbbVie,

Inc.,

4.050%,

11/21/39

........

51,654

150,000

AbbVie,

Inc.,

4.250%,

11/21/49

........

126,418

60,000

AbbVie,

Inc.,

4.400%,

11/6/42

........

52,312

60,000

AbbVie,

Inc.,

4.450%,

5/14/46

........

51,893

140,000

AbbVie,

Inc.,

4.500%,

5/14/35

........

130,060

70,000

Aetna,

Inc.,

4.500%,

5/15/42

..........

60,732

100,000

Amgen,

Inc.,

2.770%,

9/1/53

..........

60,697

165,000

Amgen,

Inc.,

2.800%,

8/15/41

.........

115,078

80,000

Amgen,

Inc.,

3.350%,

2/22/32

.........

70,125

60,000

Baxalta,

Inc.,

5.250%,

6/23/45

.........

57,691

100,000

Baxter

International,

Inc.,

3.132%,

12/1/51

65,143

80,000

Becton

Dickinson

&

Co.,

4.875%,

5/15/44

67,438

145,000

Bristol-Myers

Squibb

Co.,

2.350%,

11/13/40

.......................

100,379

150,000

Bristol-Myers

Squibb

Co.,

2.550%,

11/13/50

.......................

94,873

70,000

Bristol-Myers

Squibb

Co.,

3.700%,

3/15/52

54,171

110,000

Bristol-Myers

Squibb

Co.,

4.250%,

10/26/49

.......................

95,497

70,000

Cigna

Corp.,

4.800%,

8/15/38

.........

65,168

95,000

CVS

Health

Corp.,

2.700%,

8/21/40

....

66,046

65,000

CVS

Health

Corp.,

4.780%,

3/25/38

....

59,422

130,000

CVS

Health

Corp.,

5.125%,

7/20/45

....

117,959

100,000

Danaher

Corp.,

2.800%,

12/10/51

......

66,762

110,000

Elevance

Health,

Inc.,

4.375%,

12/1/47

..

94,755

90,000

Gilead

Sciences,

Inc.,

2.600%,

10/1/40

..

63,200

150,000

HCA,

Inc.,

3.500%,

7/15/51

..........

96,960

90,000

Novartis

Capital

Corp.,

2.750%,

8/14/50

.

62,987

200,000

Roche

Holdings,

Inc.,

2.607%,

12/13/51(a)

130,050

80,000

Stryker

Corp.,

4.625%,

3/15/46

........

70,740

130,000

UnitedHealth

Group,

Inc.,

3.500%,

8/15/39

106,805

140,000

UnitedHealth

Group,

Inc.,

3.750%,

10/15/47

.......................

112,173

55,000

Viatris,

Inc.,

4.000%,

6/22/50

.........

34,078

120,000

Wyeth,

LLC,

5.950%,

4/1/37

..........

129,513

70,000

Zoetis,

Inc.,

4.700%,

2/1/43

..........

63,263

2,662,288

Household

Products

—

0.3%

60,000

Procter

&

Gamble

Co.

(The),

5.550%,

3/5/37

........................

64,880

Insurance

—

5.7%

83,000

Athene

Holding,

Ltd.,

3.950%,

5/25/51

..

56,410

55,000

Berkshire

Hathaway

Finance

Corp.,

3.850%,

3/15/52

.................

44,471

70,000

Berkshire

Hathaway

Finance

Corp.,

4.200%,

8/15/48

.................

62,218

80,000

Brighthouse

Financial,

Inc.,

4.700%,

6/22/47

.......................

58,989

Sterling

Capital

Long

Duration

Corporate

Bond

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Principal

Amount

Fair

Value

CORPORATE

BONDS

—

(continued)

Insurance

—

(continued)

$

60,000

Carlyle

Holdings

II

Finance,

LLC,

5.625%,

3/30/43(a)

.....................

$

53,719

80,000

Chubb

INA

Holdings,

Inc.,

3.050%,

12/15/61

.......................

52,239

84,000

Corebridge

Financial,

Inc.,

4.400%,

4/5/52(a)

......................

67,088

80,000

Enstar

Finance,

LLC,

5.500%,

(5-Year

Treasury

Constant

Maturity

plus

4.01%),

1/15/42(b)

.....................

63,943

47,000

Enstar

Group,

Ltd.,

3.100%,

9/1/31

.....

34,433

90,000

Fidelity

National

Financial,

Inc.,

3.200%,

9/17/51

.......................

52,733

80,000

Global

Atlantic

Fin

Co.,

4.700%,

(5-Year

Treasury

Constant

Maturity

plus

3.80%),

10/15/51(a)(b)

..................

60,933

70,000

Guardian

Life

Insurance

Co.

of

America

(The),

4.875%,

6/19/64(a)

..........

59,769

70,000

KKR

Group

Finance

Co.

III,

LLC,

5.125%,

6/1/44(a)

......................

60,824

80,000

Liberty

Mutual

Group,

Inc.,

3.950%,

5/15/60(a)

.....................

52,679

100,000

Nationwide

Mutual

Insurance

Co.,

4.350%,

4/30/50(a)

.....................

75,221

70,000

New

York

Life

Insurance

Co.,

4.450%,

5/15/69(a)

.....................

58,137

60,000

New

York

Life

Insurance

Co.,

6.750%,

11/15/39(a)

.....................

67,172

80,000

Northwestern

Mutual

Life

Insurance

Co.

(The),

3.450%,

3/30/51(a)

..........

56,509

80,000

Pacific

LifeCorp,

3.350%,

9/15/50(a)

....

54,680

70,000

Progressive

Corp.

(The),

3.950%,

3/26/50

56,663

80,000

Prudential

Financial,

Inc.,

3.700%,

(5-Year

Treasury

Constant

Maturity

plus

3.04%),

10/1/50(b)

.....................

67,511

36,000

SBL

Holdings,

Inc.,

5.000%,

2/18/31(a)

..

28,392

70,000

Securian

Financial

Group,

Inc.,

4.800%,

4/15/48(a)

.....................

56,368

80,000

Travelers

Cos.,

Inc.

(The),

3.050%,

6/8/51

54,915

70,000

Voya

Financial,

Inc.,

4.800%,

6/15/46

...

56,824

90,000

W

R

Berkley

Corp.,

3.150%,

9/30/61

....

54,019

1,466,859

Internet

&

Direct

Marketing

Retail

—

1.3%

175,000

Amazon.com,

Inc.,

2.500%,

6/3/50

.....

111,592

150,000

Amazon.com,

Inc.,

2.700%,

6/3/60

.....

91,253

90,000

Amazon.com,

Inc.,

4.800%,

12/5/34

....

90,104

60,000

Meta

Platforms,

Inc.,

4.450%,

8/15/52

...

48,033

340,982

IT

Services

—

0.2%

70,000

Fiserv,

Inc.,

4.400%,

7/1/49

...........

57,223

Machinery

—

0.3%

80,000

Deere

&

Co.,

3.900%,

6/9/42

.........

71,203

Principal

Amount

Fair

Value

CORPORATE

BONDS

—

(continued)

Media

—

5.3%

$

190,000

Charter

Communications

Operating,

LLC/

Charter

Communications

Operating

Capital,

4.400%,

12/1/61

...........

$

122,258

50,000

Charter

Communications

Operating,

LLC/

Charter

Communications

Operating

Capital,

6.484%,

10/23/45

..........

45,282

41,000

Comcast

Corp.,

1.950%,

1/15/31(e)

.....

33,220

130,000

Comcast

Corp.,

2.800%,

1/15/51

.......

82,675

170,000

Comcast

Corp.,

2.987%,

11/1/63

.......

103,820

110,000

Comcast

Corp.,

3.250%,

11/1/39

.......

86,145

100,000

Comcast

Corp.,

3.400%,

7/15/46

.......

73,579

110,000

Comcast

Corp.,

4.200%,

8/15/34

.......

101,936

80,000

Comcast

Corp.,

4.600%,

10/15/38

......

74,263

90,000

Discovery

Communications,

LLC,

4.000%,

9/15/55

.......................

54,333

80,000

Discovery

Communications,

LLC,

5.200%,

9/20/47

.......................

59,788

90,000

Interpublic

Group

of

Cos.,

Inc.

(The),

3.375%,

3/1/41

..................

63,507

43,000

Paramount

Global,

4.950%,

5/19/50

.....

31,483

70,000

Time

Warner

Cable,

LLC,

5.875%,

11/15/40

.......................

61,291

130,000

Time

Warner

Cable,

LLC,

6.550%,

5/1/37

124,267

100,000

Walt

Disney

Co.

(The),

2.750%,

9/1/49

..

66,771

130,000

Walt

Disney

Co.

(The),

3.500%,

5/13/40

.

104,607

70,000

Walt

Disney

Co.

(The),

6.200%,

12/15/34

76,383

1,365,608

Metals

&

Mining

—

1.2%

80,000

Newmont

Corp.,

4.875%,

3/15/42

......

73,134

100,000

Nucor

Corp.,

2.979%,

12/15/55

........

62,398

100,000

Southern

Copper

Corp.,

7.500%,

7/27/35

.

116,151

62,000

Teck

Resources,

Ltd.,

6.000%,

8/15/40

...

59,465

311,148

Multiline

Retail

—

0.3%

100,000

Walmart,

Inc.,

2.500%,

9/22/41

........

73,298

Oil,

Gas

&

Consumable

Fuels

—

4.2%

80,000

Atmos

Energy

Corp.,

4.125%,

10/15/44

..

65,772

125,000

BP

Capital

Markets

America,

Inc.,

3.060%,

6/17/41

.......................

93,067

75,000

ConocoPhillips

Co.,

4.025%,

3/15/62

....

59,641

61,000

Devon

Energy

Corp.,

5.600%,

7/15/41

...

57,243

45,000

Diamondback

Energy,

Inc.,

4.250%,

3/15/52

.......................

33,292

70,000

Equinor

ASA,

5.100%,

8/17/40

........

69,187

70,000

Exxon

Mobil

Corp.,

4.114%,

3/1/46

....

59,729

92,000

Exxon

Mobil

Corp.,

4.227%,

3/19/40

....

83,044

70,000

Halliburton

Co.,

5.000%,

11/15/45

.....

62,221

60,000

Halliburton

Co.,

7.450%,

9/15/39

......

67,839

70,000

Hess

Corp.,

5.600%,

2/15/41

..........

65,964

60,000

Marathon

Petroleum

Corp.,

6.500%,

3/1/41

62,001

70,000

NiSource,

Inc.,

4.800%,

2/15/44

.......

62,165

Sterling

Capital

Long

Duration

Corporate

Bond

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Principal

Amount

Fair

Value

CORPORATE

BONDS

—

(continued)

Oil,

Gas

&

Consumable

Fuels

—

(continued)

$

140,000

Shell

International

Finance

BV,

4.550%,

8/12/43

.......................

$

126,871

180,000

Southern

Co.

Gas

Capital

Corp.,

Series

21A,

3.150%,

9/30/51

.............

117,481

1,085,517

Road

&

Rail

—

3.4%

110,000

Burlington

Northern

Santa

Fe,

LLC,

4.900%,

4/1/44

..................

104,506

70,000

Burlington

Northern

Santa

Fe,

LLC,

4.950%,

9/15/41

.................

67,147

90,000

CSX

Corp.,

4.500%,

11/15/52

.........

78,786

70,000

CSX

Corp.,

6.000%,

10/1/36

..........

73,761

90,000

FedEx

Corp.,

4.550%,

4/1/46

.........

73,458

100,000

Kansas

City

Southern/Old,

3.500%,

5/1/50

71,696

50,000

Norfolk

Southern

Corp.,

3.400%,

11/1/49

35,910

50,000

Norfolk

Southern

Corp.,

3.700%,

3/15/53

37,838

70,000

Norfolk

Southern

Corp.,

3.950%,

10/1/42

57,818

170,000

Union

Pacific

Corp.,

2.950%,

3/10/52

...

115,917

30,000

Union

Pacific

Corp.,

3.375%,

2/14/42

...

23,926

80,000

Union

Pacific

Corp.,

3.600%,

9/15/37

...

67,908

70,000

United

Parcel

Service,

Inc.,

5.300%,

4/1/50

72,565

881,236

Semiconductors

&

Semiconductor

Equipment

—

2.3%

140,000

Broadcom,

Inc.,

3.469%,

4/15/34(a)

.....

112,183

80,000

Broadcom,

Inc.,

3.500%,

2/15/41(a)

.....

57,509

90,000

Lam

Research

Corp.,

2.875%,

6/15/50

...

60,613

90,000

NVIDIA

Corp.,

3.500%,

4/1/50

........

68,158

80,000

NXP

BV/NXP

Funding,

LLC/NXP

USA,

Inc.,

5.000%,

1/15/33

.............

75,768

70,000

QUALCOMM,

Inc.,

4.300%,

5/20/47

...

60,591

200,000

TSMC

Arizona

Corp.,

3.250%,

10/25/51

.

144,920

579,742

Software

—

3.7%

110,000

Apple,

Inc.,

2.800%,

2/8/61

...........

70,236

110,000

Apple,

Inc.,

3.850%,

5/4/43

...........

95,806

80,000

Apple,

Inc.,

3.850%,

8/4/46

...........

68,240

75,000

Apple,

Inc.,

3.950%,

8/8/52

...........

63,732

100,000

Dell

International,

LLC/EMC

Corp.,

3.450%,

12/15/51(a)

..............

61,662

90,000

Microsoft

Corp.,

2.525%,

6/1/50

.......

59,929

180,000

Microsoft

Corp.,

2.675%,

6/1/60

.......

115,269

90,000

Oracle

Corp.,

3.650%,

3/25/41

........

66,744

90,000

Oracle

Corp.,

3.850%,

4/1/60

.........

60,271

90,000

Oracle

Corp.,

3.950%,

3/25/51

........

64,528

110,000

Oracle

Corp.,

4.000%,

7/15/46

........

80,768

75,000

Oracle

Corp.,

6.900%,

11/9/52

........

80,950

90,000

Salesforce,

Inc.,

2.700%,

7/15/41

.......

64,651

952,786

Specialty

Retail

—

2.4%

80,000

ERAC

USA

Finance,

LLC,

5.625%,

3/15/42(a)

.....................

76,050

Principal

Amount

Fair

Value

CORPORATE

BONDS

—

(continued)

Specialty

Retail

—

(continued)

$

200,000

Home

Depot,

Inc.

(The),

2.750%,

9/15/51

$

131,745

100,000

Home

Depot,

Inc.

(The),

3.125%,

12/15/49

71,375

80,000

Lowe's

Cos.,

Inc.,

5.000%,

4/15/40

.....

74,314

80,000

Lowe's

Cos.,

Inc.,

5.625%,

4/15/53

.....

76,065

70,000

McDonald's

Corp.,

MTN,

3.625%,

9/1/49

52,981

80,000

McDonald's

Corp.,

MTN,

4.875%,

12/9/45

74,458

90,000

Starbucks

Corp.,

3.500%,

11/15/50

.....

64,822

621,810

Telecommunication

Services

—

3.9%

120,000

AT&T,

Inc.,

3.500%,

6/1/41

..........

90,099

240,000

AT&T,

Inc.,

3.650%,

9/15/59

..........

161,453

155,000

AT&T,

Inc.,

3.850%,

6/1/60

..........

108,119

210,000

AT&T,

Inc.,

4.500%,

5/15/35

..........

191,228

150,000

Deutsche

Telekom

AG,

3.625%,

1/21/50(a)

108,226

100,000

Verizon

Communications,

Inc.,

2.650%,

11/20/40

.......................

67,955

140,000

Verizon

Communications,

Inc.,

3.400%,

3/22/41

.......................

105,724

90,000

Verizon

Communications,

Inc.,

3.550%,

3/22/51

.......................

64,327

120,000

Verizon

Communications,

Inc.,

4.400%,

11/1/34

.......................

110,343

1,007,474

Tobacco

—

1.7%

80,000

Altria

Group,

Inc.,

3.875%,

9/16/46

.....

53,877

160,000

BAT

Capital

Corp.,

4.390%,

8/15/37

....

124,954

60,000

BAT

Capital

Corp.,

4.540%,

8/15/47

....

42,688

70,000

Cargill,

Inc.,

4.375%,

4/22/52(a)

.......

61,147

70,000

Cargill,

Inc.,

4.760%,

11/23/45(a)

......

64,052

110,000

Philip

Morris

International,

Inc.,

4.375%,

11/15/41

.......................

91,178

437,896

Total

Corporate

Bonds

(Cost

$30,122,494)

...............

23,369,154

U.S.

GOVERNMENT

AGENCIES

—

0.2%

Tennessee

Valley

Authority

—

0.2%

70,000

4.250%,

9/15/52

...................

62,433

Total

U.S.

Government

Agencies

(Cost

$67,761)

..................

62,433

U.S.

TREASURY

BONDS

—

5.0%

376,100

2.000%,

11/15/41

................

270,513

1,540,200

2.000%,

8/15/51

.................

1,018,457

Total

U.S.

Treasury

Bonds

(Cost

$1,385,823)

................

1,288,970

Sterling

Capital

Long

Duration

Corporate

Bond

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Principal

Amount

Fair

Value

U.S.

TREASURY

NOTES

—

0.9%

$

260,000

1.875%,

2/15/32

.................

$

221,345

Total

U.S.

Treasury

Notes

(Cost

$223,014)

.................

221,345

Shares

MONEY

MARKET

FUND

—

1.6%

398,945

Federated

Treasury

Obligations

Fund,

Institutional

Shares,

4.14%(f)

........

398,945

Total

Money

Market

Fund

(Cost

$398,945)

.................

398,945

Total

Investments

—

98.8%

(Cost

$32,198,037)

............................

25,340,847

Net

Other

Assets

(Liabilities)

—

1.2%

...............

312,389

NET

ASSETS

—

100.0%

.......................

$

25,653,236

(a) Rule

144A,

Section

4(2)

or

other

security

that

is

restricted

as

to

resale

to

qualified

institutional

investors.

The

Advisor,

using

Board

approved

procedures,

has

deemed

these

securities

or

a

portion

of

these

securities

to

be

liquid.

(b) The

interest

rate

for

this

variable

rate

note,

which

will

change

periodically,

is

based

either

on

the

prime

rate

or

an

index

of

market

rates.

The

reflected

rate

is

in

effect

as

of

December

31,

2022. The

maturity

date

reflected

is

the

final

maturity

date.

(c) Security

is

a

fix-to-float

security,

which

carries

a

fixed

coupon

until

a

certain

date,

upon

which

it

switches

to

a

floating

rate.

Rate

shown

is

the

fixed

rate.

(d) Security

is

perpetual

in

nature

and

has

no

stated

maturity

date.

(e) All

or

a

portion

of

the

securities

are

held

in

a

separate

collateral

account

at

US

Bank.

(f) Represents

the

current

yield

as

of

report

date.

MTN

Medium

Term

Note

Sterling

Capital

Funds

Notes

to

Schedule

of

Portfolio

Investments

-

Sterling

Capital

Long

Duration

Corporate

Bond

Fund

December

31,

2022

(Unaudited)

1. Organization:

Sterling

Capital

Funds

(the

"Trust")

commenced

operations

on

October

5,

1992

and

is

registered

under

the

Investment

Company

Act

of

1940,

as

amended

("the

1940

Act"),

as

an

open-end

investment

company

established

as

a

Massachusetts

business

trust.

The

Trust

offers

shares

of

Sterling

Capital

Long

Duration

Corporate

Bond

Fund

(referred

to

as

a

"Fund").

The

Fund

is

a

"diversified"

fund

as

defined

in

the

1940

Act.

2. Significant

Accounting

Policies:

The

Fund

is

an

investment

company

and

accordingly

follows

the

investment

company

accounting

and

reporting

guidance

of

the

Financial

Accounting

Standards

Board

("FASB")

Accounting

Standard

Codification

Topic

946

Financial

Services-

Investment

Companies.

The

following

is

a

summary

of

significant

accounting

policies

followed

by

the

Fund.

The

policies

are

in

conformity

with

United

States

generally

accepted

accounting

principles

("U.S.

GAAP").

The

preparation

of

this

schedule

requires

management

to

make

estimates

and

assumptions

that

affect

the

reported

amounts

of

assets

and

liabilities

and

disclosure

of

contingent

assets

and

liabilities

at

the

date

of

the

schedule

and

the

reported

amount

of

income

and

expense

for

the

reporting

period.

Actual

result

could

differ

from

those

estimates.

Securities

Valuation

—

Investments

of

the

Fund

in

securities

traded

on

a

national

securities

exchange

or

in

the

over-the-

counter

market

are

valued

at

the

closing

price

on

the

principal

exchange

or

market

(including

the

NASDAQ

Closing

Price

for

securities

traded

on

NASDAQ),

typically

4:00

PM

ET

or,

absent

such

a

price,

by

reference

to

the

latest

available

bid

prices

in

the

principal

market

in

which

such

securities

are

normally

traded.

The

Fund

may

also

use

an

independent

pricing

service

approved

by

the

Board

of

Trustees

(the

"Board")

to

value

certain

securities,

including

the

use

of

electronic

and

matrix

techniques.

Investments

in

open-end

investment

companies

are

valued

at

their

respective

net

asset

values

as

reported

by

such

companies.

Investments

in

closed-end

investment

companies

and

exchange-traded

funds

are

valued

at

their

market

values

based

upon

the

latest

available

sale

price

or,

absent

such

a

price,

by

reference

to

the

latest

available

bid

prices

in

the

principal

market

in

which

such

securities

are

normally

traded.

The

differences

between

cost

and

fair

value

of

investments

are

reflected

as

either

unrealized

appreciation

or

depreciation.

Securities

for

which

market

quotations

are

not

readily

available

or

deemed

unreliable

(e.g.,

an

approved

pricing

service

does

not

provide

a

price,

a

furnished

price

is

in

error,

certain

stale

prices,

or

an

event

occurs

that

materially

affects

the

furnished

price)

will

be

fair

valued

in

accordance

with

procedures

established

in

good

faith

under

the

general

supervision

of

the

Board.

Fair

Value

Measurements

—

The

objective

of

a

fair

value

measurement

is

to

determine

the

price

that

would

be

received

to

sell

an

asset

or

paid

to

transfer

a

liability

in

an

orderly

transaction

between

market

participants

at

the

measurement

date

(an

exit

price).

Accordingly,

the

fair

value

hierarchy

gives

the

highest

priority

to

quoted

prices

(unadjusted)

in

active

markets

for

identical

assets

or

liabilities

(Level

1)

and

the

lowest

priority

to

unobservable

inputs

(Level

3).

The

three

levels

of

the

fair

value

hierarchy

are

described

as

follows:

Level

–

quoted

prices

in

active

markets

for

identical

securities

Level

–

based

on

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

prepayment

speeds,

credit

risk,

etc.)

Level

–

based

on

significant

unobservable

inputs

(including

a

Fund's

own

assumptions

in

determining

the

fair

value

of

investments)

The

inputs

or

methodology

used

for

valuing

securities

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

those

securities.

During

the

period

ended

December

31,

2022

,

there

were

no

significant

changes

to

the

valuation

policies

and

procedures.

Sterling

Capital

Funds

Notes

to

Schedule

of

Portfolio

Investments

-

Sterling

Capital

Long

Duration

Corporate

Bond

Fund

—

(continued)

December

31,

2022

(Unaudited)

The

summary

of

inputs

used

to

determine

the

fair

value

of

the

Fund's

investments

as

of

December

31,

2022

is

as

follows:

Cash

and

Cash

Equivalents

—

The

Fund

considers

liquid

assets

deposited

with

a

bank,

and

certain

short

term

debt

instruments

with

original

maturities

of

three

months

or

less

to

be

cash

equivalents.

These

investments

represent

amounts

held

with

financial

institutions

that

are

readily

accessible

to

pay

Fund

expenses

or

investments.

The

Fund

may

invest

its

excess

cash

in

the

Federated

Treasury

Obligations

Fund

or

a

similar

money

market

fund

or

other

short-term

investment.

Credit

Enhancements

—

Certain

obligations

held

in

the

Fund

have

credit

enhancement

or

liquidity

features

that

may,

under

certain

circumstances,

provide

for

repayment

of

principal

and

interest

on

the

obligation

upon

demand

date,

interest

rate

reset

date

or

final

maturity.

These

enhancements

may

include:

letters

of

credit;

liquidity

guarantees;

security

purchase

agreements;

tender

option

purchase

agreements;

and

third

party

insurance

(i.e.,

AMBAC).

Foreign

Currency

Translation

—

The

accounting

records

of

the

Fund

are

maintained

in

U.S.

dollars.

Foreign

currency

amounts

are

translated

into

U.S.

dollars

at

the

latest

foreign

exchange

bid

quotation

(from

an

approved

pricing

vendor)

to

determine

the

fair

value

of

investments,

assets

and

liabilities.

Purchases

and

sales

of

securities,

income

and

expenses

are

translated

at

the

prevailing

rate

of

exchange,

on

the

respective

dates

of

such

transactions.

Such

fluctuations

are

included

with

the

net

realized

and

unrealized

gain

or

loss

from

investments

and

foreign

currencies.

Forward

Foreign

Currency

Exchange

Contracts

—

The

Fund

may

enter

into

forward

foreign

currency

exchange

contracts

(foreign

currency

exchange

risk)

in

connection

with

planned

purchases

or

sales

of

securities

or

to

hedge

the

U.S.

dollar

value

of

Funds

securities

denominated

in

a

particular

currency.

A

foreign

currency

exchange

contract

is

an

agreement

between

two

parties

to

buy

and

sell

a

currency

at

a

set

exchange

rate

on

a

future

date.

The

Fund

can

be

exposed

to

risks

if

the

counterparties

to

the

contracts

are

unable

to

meet

the

terms

of

their

contracts

and

from

unanticipated

movements

in

the

value

of

a

foreign

currency

relative

to

the

U.S.

dollar.

In

the

event

of

default

by

the

counterparty

to

the

transaction,

the

Fund's

maximum

amount

of

loss,

as

either

the

buyer

or

seller,

is

the

unrealized

gain

of

the

contract.

The

forward

foreign

currency

exchange

contracts

are

adjusted

by

the

daily

exchange

rate

of

the

underlying

currency

and

any

gains

or

losses

are

recorded

for

purposes

of

this

schedule

as

unrealized

gains

or

losses

until

the

contract

settlement

date.

When

the

contract

is

closed,

the

Fund

records

a

realized

gain

(loss)

equal

to

the

difference

between

the

value

at

the

time

it

was

opened

and

the

value

at

the

time

it

was

closed.

Mortgage

Dollar

Rolls

—

The

Fund

may

sell

mortgage-backed

securities

for

delivery

in

the

current

month

and

simultaneously

contract

to

repurchase

substantially

similar

(same

type,

coupon

and

maturity)

securities

on

a

specific

future

date

at

an

agreed-upon

price.

The

market

value

of

the

securities

that

a

Fund

is

required

to

purchase

may

decline

below

the

agreed

upon

repurchase

price

of

those

securities.

Pools

of

mortgages

collateralizing

those

securities

may

have

different

prepayment

histories

than

those

sold.

During

the

period

between

the

sale

and

repurchase,

a

Fund

will

not

be

entitled

to

receive

interest

and

principal

payments

on

the

securities

sold.

Proceeds

of

the

sale

will

be

invested

in

additional

instruments

for

a

Fund,

and

the

income

from

these

investments

will

generate

income

for

a

Fund.

If

such

income

does

not

exceed

the

income,

capital

appreciation

and

gain

or

loss

that

would

have

been

realized

on

the

securities

sold

as

part

of

the

dollar

roll,

the

use

of

this

technique

will

diminish

the

investment

performance

of

a

Fund

compared

with

what

the

performance

would

have

been

without

the

use

of

dollar

rolls.

The

Fund

accounts

for

mortgage

dollar

roll

transactions

as

purchases

and

sales.

The

Fund

did

not

hold

any

mortgage

dollar

rolls

during

the

period.

Risks

Associated

with

Foreign

Securities

and

Currencies

—

Investments

in

securities

of

foreign

issuers

carry

certain

risks

not

ordinarily

associated

with

investments

in

securities

of

domestic

issuers.

Such

risks

include

future

political

and

economic

developments

and

the

possible

imposition

of

exchange

controls

or

other

foreign

governmental

laws

and

restrictions.

In

Level

1-

Quoted

Prices

Level

2-

Other

Significant

Observable

Inputs

Level

3-

Significant

Unobservable

Inputs

Total

Assets:

Investments

in

Securities

Sterling

Capital

Long

Duration

Corporate

Bond

Fund

......

$

398,945(a)

$

24,941,902(b)

$

—

$

25,340,847

(a) Represents

money

market

funds

and/or

certain

preferred

stocks.

(b) Industries,

countries

or

security

types

are

disclosed

in

the

Schedule

of

Portfolio

Investments.

Sterling

Capital

Funds

Notes

to

Schedule

of

Portfolio

Investments

-

Sterling

Capital

Long

Duration

Corporate

Bond

Fund

—

(continued)

December

31,

2022

(Unaudited)

addition,

with

respect

to

certain

countries,

there

is

the

possibility

of

expropriation

of

assets,

confiscatory

taxation,

political

or

social

instability

or

diplomatic

developments

which

could

adversely

affect

investments

in

those

countries.

Certain

foreign

investments

may

also

be

subject

to

foreign

withholding

taxes.

When-Issued

—

The

Fund

may

purchase

securities

on

a

"when-issued"

basis.

The

Fund

records

when-issued

securities

on

the

trade

date

and

pledge

assets

with

a

value

at

least

equal

to

the

purchase

commitment

for

payment

of

the

securities

purchased.

The

value

of

the

securities

underlying

when-issued

or

forward

commitments

to

purchase

securities,

and

any

subsequent

fluctuation

in

their

value,

is

taken

into

account

when

determining

the

net

asset

value

of

the

Fund

commencing

with

the

date

the

Fund

agrees

to

purchase

the

securities.

The

Fund

does

not

accrue

interest

or

dividends

on

"when-issued"

securities

until

the

underlying

securities

are

received.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Sterling Capital Funds

- **b. Investment Company Act file number:** 811-06719

- **c. CIK number of Registrant:** 0000889284

- **d. LEI of Registrant:** 54930017VPAACVI5ZX74

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

  - **Street Address 1:** 3605 Glenwood Avenue

  - **City:** Raleigh

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 27612

  - **Telephone number:** 800-228-1872

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

- **a. Name of Series:** Sterling Capital Long Duration Corporate Bond Fund

- **b. EDGAR series identifier (if any):** S000033166

- **c. LEI of Series:** 549300DHP01HRO3TZD61

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

- **a. Date of fiscal year-end:** 2023-09-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $25671427.29

**Total Liabilities:** $112895.86

**Net Assets:** $25558531.43

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 33.98671000 | **5-Year:** 736.53550000 | **10-Year:** 23748.82563000 | **30-Year:** 6048.07745000

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

- **3-Month:** 0.00000000 | **1-Year:** 5.63057000 | **5-Year:** 5.59130000 | **10-Year:** 105.84606000 | **30-Year:** 10.62256000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000123269 | -2.43%               | 8.07%                | -0.59%               |
| Class ID C000123270 | -2.48%               | 8.14%                | -0.50%               |
| Class ID C000234127 | -2.33%               | 8.14%                | -0.50%               |
| Class ID C000123268 | -2.51%               | 8.28%                | -0.52%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-39810.43               | $-594471.85                                |
| Month 2  | $-34692.86               | $1815087.47                                |
| Month 3  | $-388865.34              | $162094.93                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WALT DISNEY COMPANY/THE                    | Walt Disney Co/The                                                              | CUSIP: 254687DZ6<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |     70000 | PA      | $76383.28     | 0.30%             | 2034-12-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                    | Exxon Mobil Corp                                                                | CUSIP: 30231GAW2<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |     70000 | PA      | $59729.18     | 0.23%             | 2046-03-01      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| FEDEX CORP                                 | FedEx Corp                                                                      | CUSIP: 31428XBG0<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |     90000 | PA      | $73458.38     | 0.29%             | 2046-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| NUCOR CORP                                 | Nucor Corp                                                                      | CUSIP: 670346AU9<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |    100000 | PA      | $62397.76     | 0.24%             | 2055-12-15      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                         | Energy Transfer LP                                                              | CUSIP: 29273RAJ8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     80000 | PA      | $85349.13     | 0.33%             | 2038-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                   | Enterprise Products Operating LLC                                               | CUSIP: 29379VCB7<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    120000 | PA      | $80425.42     | 0.31%             | 2053-02-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| HALLIBURTON CO                             | Halliburton Co                                                                  | CUSIP: 406216BK6<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |     70000 | PA      | $62220.86     | 0.24%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                  | Amgen Inc                                                                       | CUSIP: 031162DE7<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     80000 | PA      | $70124.58     | 0.27%             | 2032-02-22      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ELECTRIC                     | Massachusetts Electric Co                                                       | CUSIP: 575634AS9<br>LEI: 549300XN8GZY5U5O1B96 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69772.16     | 0.27%             | 2039-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                         | Vodafone Group PLC                                                              | CUSIP: 92857WBL3<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |     80000 | PA      | $73978.07     | 0.29%             | 2038-05-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CIGNA CORP                                 | Cigna Corp                                                                      | CUSIP: 125523AJ9<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |     70000 | PA      | $65167.70     | 0.25%             | 2038-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                      | Tennessee Valley Authority                                                      | CUSIP: 880591EY4<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |     70000 | PA      | $62433.24     | 0.24%             | 2052-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                          | General Motors Co                                                               | CUSIP: 37045VAP5<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |     80000 | PA      | $69321.28     | 0.27%             | 2038-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                           | T-Mobile USA Inc                                                                | CUSIP: 87264ACX1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48911.05     | 0.19%             | 2062-09-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                        | JPMorgan Chase & Co                                                             | CUSIP: 46647PAJ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    150000 | PA      | $125099.61    | 0.49%             | 2038-07-24      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HORMEL FOODS CORP                          | Hormel Foods Corp                                                               | CUSIP: 440452AJ9<br>LEI: MSD54751OJP1FS2ND863 | Long             | DBT              | CORP              | US        |     80000 | PA      | $55569.73     | 0.22%             | 2051-06-03      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                      | American Homes 4 Rent LP                                                        | CUSIP: 02666TAF4<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |     50000 | PA      | $36741.15     | 0.14%             | 2052-04-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                 | AbbVie Inc                                                                      | CUSIP: 00287YCB3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    150000 | PA      | $126417.99    | 0.49%             | 2049-11-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                            | DTE Electric Co                                                                 | CUSIP: 23338VAR7<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |     95000 | PA      | $74056.73     | 0.29%             | 2052-03-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO G & E                            | San Diego Gas & Electric Co                                                     | CUSIP: 797440BY9<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |     55000 | PA      | $39394.24     | 0.15%             | 2050-04-15      | Fixed         | 3.32%                 | No            |                  2 | On Loan: No      |
| SALESFORCE INC                             | Salesforce Inc                                                                  | CUSIP: 79466LAK0<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |     90000 | PA      | $64650.48     | 0.25%             | 2041-07-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| MID-AMERICA APARTMENTS                     | Mid-America Apartments LP                                                       | CUSIP: 59523UAU1<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              | CORP              | US        |     30000 | PA      | $19281.52     | 0.08%             | 2051-09-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                       | Bank of America Corp                                                            | CUSIP: 06051GHS1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    140000 | PA      | $115661.91    | 0.45%             | 2050-03-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| VULCAN MATERIALS CO                        | Vulcan Materials Co                                                             | CUSIP: 929160AV1<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |     70000 | PA      | $58477.24     | 0.23%             | 2047-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                        | JPMorgan Chase & Co                                                             | CUSIP: 46647PBM7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    250000 | PA      | $182766.98    | 0.72%             | 2041-04-22      | Fixed         | 3.11%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                               | Comcast Corp                                                                    | CUSIP: 20030NDM0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     41000 | PA      | $33219.69     | 0.13%             | 2031-01-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                       | Westpac Banking Corp                                                            | CUSIP: 961214EQ2<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |     90000 | PA      | $59903.47     | 0.23%             | 2040-11-16      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                      | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CAA2<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |     80000 | PA      | $83153.94     | 0.33%             | 2037-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| UNION ELECTRIC CO                          | Union Electric Co                                                               | CUSIP: 906548CQ3<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |     90000 | PA      | $64191.48     | 0.25%             | 2049-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                 | AbbVie Inc                                                                      | CUSIP: 00287YAR0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    140000 | PA      | $130059.75    | 0.51%             | 2035-05-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                             | Morgan Stanley                                                                  | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     90000 | PA      | $65483.13     | 0.26%             | 2036-09-16      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                   | CenterPoint Energy Houston Electric LLC                                         | CUSIP: 15189XAU2<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    140000 | PA      | $94920.40     | 0.37%             | 2050-07-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                    | Bristol-Myers Squibb Co                                                         | CUSIP: 110122DS4<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    150000 | PA      | $94873.23     | 0.37%             | 2050-11-13      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                               | NiSource Inc                                                                    | CUSIP: 65473QBC6<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     70000 | PA      | $62164.91     | 0.24%             | 2044-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                     | NXP BV / NXP Funding LLC / NXP USA Inc                                          | CUSIP: 62954HBB3<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     80000 | PA      | $75767.84     | 0.30%             | 2033-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUARDIAN LIFE INSURANCE                    | Guardian Life Insurance Co of America/The                                       | CUSIP: 401378AB0<br>LEI: N1YIDVMMKBHFYCCAIX69 | Long             | DBT              | CORP              | US        |     70000 | PA      | $59768.73     | 0.23%             | 2064-06-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES PWR-MINN                   | Northern States Power Co/MN                                                     | CUSIP: 665772CV9<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |     40000 | PA      | $36451.26     | 0.14%             | 2052-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                              | Citigroup Inc                                                                   | CUSIP: 172967MG3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     21000 | PA      | $18690.26     | 0.07%             | N/A             | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                   | Baxter International Inc                                                        | CUSIP: 071813CV9<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    100000 | PA      | $65143.39     | 0.25%             | 2051-12-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                         | Roche Holdings Inc                                                              | CUSIP: 771196BY7<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |    200000 | PA      | $130049.72    | 0.51%             | 2051-12-13      | Fixed         | 2.61%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                             | Amazon.com Inc                                                                  | CUSIP: 023135AP1<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90103.74     | 0.35%             | 2034-12-05      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                | Oracle Corp                                                                     | CUSIP: 68389XBJ3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    110000 | PA      | $80767.44     | 0.32%             | 2046-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                    | Jefferies Financial Group Inc                                                   | CUSIP: 472319AM4<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58765.45     | 0.23%             | 2043-01-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                               | Broadcom Inc                                                                    | CUSIP: 11135FBL4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    140000 | PA      | $112183.45    | 0.44%             | 2034-04-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                    | MPLX LP                                                                         | CUSIP: 55336VBP4<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     70000 | PA      | $59934.19     | 0.23%             | 2047-12-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                           | BAT Capital Corp                                                                | CUSIP: 05526DBD6<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    160000 | PA      | $124953.95    | 0.49%             | 2037-08-15      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                    | America Movil SAB de CV                                                         | CUSIP: 02364WAW5<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    100000 | PA      | $103684.00    | 0.41%             | 2040-03-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                        | Dominion Energy Inc                                                             | CUSIP: 25746UDK2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |     90000 | PA      | $67022.58     | 0.26%             | 2041-04-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| SEMPRA ENERGY                              | Sempra Energy                                                                   | CUSIP: 816851BH1<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    130000 | PA      | $106976.44    | 0.42%             | 2038-02-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                  | Apple Inc                                                                       | CUSIP: 037833CD0<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |     80000 | PA      | $68240.33     | 0.27%             | 2046-08-04      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| LAM RESEARCH CORP                          | Lam Research Corp                                                               | CUSIP: 512807AW8<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |     90000 | PA      | $60612.99     | 0.24%             | 2050-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                   | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $45281.64     | 0.18%             | 2045-10-23      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                       | Kraft Heinz Foods Co                                                            | CUSIP: 50076QAR7<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     60000 | PA      | $65706.15     | 0.26%             | 2039-01-26      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY ENERG                   | Berkshire Hathaway Energy Co                                                    | CUSIP: 084659BE0<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |     75000 | PA      | $65580.26     | 0.26%             | 2053-05-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CHUBB INA HOLDINGS INC                     | Chubb INA Holdings Inc                                                          | CUSIP: 171239AJ5<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |     80000 | PA      | $52239.08     | 0.20%             | 2061-12-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                             | Morgan Stanley                                                                  | CUSIP: 61772BAC7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    110000 | PA      | $81569.82     | 0.32%             | 2042-04-22      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| AVISTA CORP                                | Avista Corp                                                                     | CUSIP: 05379BAR8<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | DBT              | CORP              | US        |     40000 | PA      | $31599.21     | 0.12%             | 2052-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                    | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYK4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    130000 | PA      | $89022.09     | 0.35%             | 2042-07-21      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                     | Verizon Communications Inc                                                      | CUSIP: 92343VGB4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     90000 | PA      | $64327.07     | 0.25%             | 2051-03-22      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| ENSTAR GROUP LTD                           | Enstar Group Ltd                                                                | CUSIP: 29359UAC3<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |     47000 | PA      | $34433.30     | 0.13%             | 2031-09-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                         | Ford Motor Co                                                                   | CUSIP: 345370CS7<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |     90000 | PA      | $68581.32     | 0.27%             | 2046-12-08      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                    | Exxon Mobil Corp                                                                | CUSIP: 30231GBF8<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |     92000 | PA      | $83043.62     | 0.32%             | 2040-03-19      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| ENSTAR FINANCE LLC                         | Enstar Finance LLC                                                              | CUSIP: 29360AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $63943.20     | 0.25%             | 2042-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TECK RESOURCES LIMITED                     | Teck Resources Ltd                                                              | CUSIP: 878742AS4<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | DBT              | CORP              | CA        |     62000 | PA      | $59465.11     | 0.23%             | 2040-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                  | Amgen Inc                                                                       | CUSIP: 031162DA5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    165000 | PA      | $115077.59    | 0.45%             | 2041-08-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                         | Union Pacific Corp                                                              | CUSIP: 907818FW3<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    170000 | PA      | $115917.01    | 0.45%             | 2052-03-10      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| VOYA FINANCIAL INC                         | Voya Financial Inc                                                              | CUSIP: 929089AC4<br>LEI: 549300T065Z4KJ686G75 | Long             | DBT              | CORP              | US        |     70000 | PA      | $56824.39     | 0.22%             | 2046-06-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC                    | Consolidated Edison Co of New York Inc                                          | CUSIP: 209111FD0<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    120000 | PA      | $103556.84    | 0.41%             | 2044-03-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                   | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAZ8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    150000 | PA      | $106659.92    | 0.42%             | 2041-10-29      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                            | DTE Electric Co                                                                 | CUSIP: 23338VAG1<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |     80000 | PA      | $63001.54     | 0.25%             | 2047-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                | Oracle Corp                                                                     | CUSIP: 68389XBZ7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     90000 | PA      | $66744.03     | 0.26%             | 2041-03-25      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                     | Verizon Communications Inc                                                      | CUSIP: 92343VGK4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    140000 | PA      | $105723.70    | 0.41%             | 2041-03-22      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO GAS CAPITAL                    | Southern Co Gas Capital Corp                                                    | CUSIP: 8426EPAE8<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |    180000 | PA      | $117481.24    | 0.46%             | 2051-09-30      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                      | Norfolk Southern Corp                                                           | CUSIP: 655844CD8<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |     50000 | PA      | $35910.44     | 0.14%             | 2049-11-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                                 | Mattel Inc                                                                      | CUSIP: 577081AW2<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |     37000 | PA      | $30117.68     | 0.12%             | 2041-11-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| NIKE INC                                   | NIKE Inc                                                                        | CUSIP: 654106AM5<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | DBT              | CORP              | US        |     90000 | PA      | $70872.72     | 0.28%             | 2050-03-27      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE INSURANCE                    | New York Life Insurance Co                                                      | CUSIP: 64952GAF5<br>LEI: TAE73CY392TBWJ3O3305 | Long             | DBT              | CORP              | US        |     60000 | PA      | $67172.49     | 0.26%             | 2039-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                            | McDonald's Corp                                                                 | CUSIP: 58013MFK5<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |     70000 | PA      | $52981.36     | 0.21%             | 2049-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                    | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GFD1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    170000 | PA      | $180855.28    | 0.71%             | 2037-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ECOLAB INC                                 | Ecolab Inc                                                                      | CUSIP: 278865BJ8<br>LEI: 82DYEISM090VG8LTLS26 | Long             | DBT              | CORP              | US        |    100000 | PA      | $60223.25     | 0.24%             | 2055-08-18      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                       | Bank of America Corp                                                            | CUSIP: 06051GKC2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     90000 | PA      | $66353.47     | 0.26%             | 2036-09-21      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO G & E                            | San Diego Gas & Electric Co                                                     | CUSIP: 797440BX1<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |    115000 | PA      | $94522.33     | 0.37%             | 2049-06-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                  | Boeing Co/The                                                                   | CUSIP: 097023CK9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    110000 | PA      | $77826.75     | 0.30%             | 2049-05-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE HOLDINGS FINA                   | Blackstone Holdings Finance Co LLC                                              | CUSIP: 09256BAE7<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60854.00     | 0.24%             | 2042-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                               | Comcast Corp                                                                    | CUSIP: 20030NDL2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    130000 | PA      | $82674.94     | 0.32%             | 2051-01-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                           | T-Mobile USA Inc                                                                | CUSIP: 87264AAX3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    120000 | PA      | $102971.71    | 0.40%             | 2040-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                             | Microsoft Corp                                                                  | CUSIP: 594918CD4<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    180000 | PA      | $115269.22    | 0.45%             | 2060-06-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                         | Energy Transfer LP                                                              | CUSIP: 292480AJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    145000 | PA      | $118906.77    | 0.47%             | 2044-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                  | Apple Inc                                                                       | CUSIP: 037833AL4<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    110000 | PA      | $95806.13     | 0.37%             | 2043-05-04      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                       | Bank of America Corp                                                            | CUSIP: 59022CAJ2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101407.40    | 0.40%             | 2037-01-29      | Fixed         | 6.11%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                   | Intercontinental Exchange Inc                                                   | CUSIP: 45866FAH7<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    110000 | PA      | $92896.02     | 0.36%             | 2048-09-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                       | Targa Resources Corp                                                            | CUSIP: 87612KAC6<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |     75000 | PA      | $71244.78     | 0.28%             | 2052-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                   | Warnermedia Holdings Inc                                                        | CUSIP: 55903VAN3<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    105000 | PA      | $80726.07     | 0.32%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD                   | Cheniere Corpus Christi Holdings LLC                                            | CUSIP: 16412XAL9<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |    100000 | PA      | $77634.73     | 0.30%             | 2039-12-31      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                             | Home Depot Inc/The                                                              | CUSIP: 437076BZ4<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    100000 | PA      | $71375.08     | 0.28%             | 2049-12-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                  | Boeing Co/The                                                                   | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    170000 | PA      | $162112.23    | 0.63%             | 2040-05-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFECORP                           | Pacific LifeCorp                                                                | CUSIP: 694476AE2<br>LEI: VFN8KLUEIK7XMVX1JM30 | Long             | DBT              | CORP              | US        |     80000 | PA      | $54680.28     | 0.21%             | 2050-09-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| AEP TRANSMISSION CO LLC                    | AEP Transmission Co LLC                                                         | CUSIP: 00115AAM1<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |     80000 | PA      | $61467.22     | 0.24%             | 2050-04-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CSX CORP                                   | CSX Corp                                                                        | CUSIP: 126408GH0<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73760.69     | 0.29%             | 2036-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MIDAMERICAN ENERGY CO                      | MidAmerican Energy Co                                                           | CUSIP: 595620AW5<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |     90000 | PA      | $58099.67     | 0.23%             | 2052-08-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                    | Shell International Finance BV                                                  | CUSIP: 822582AY8<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    140000 | PA      | $126871.01    | 0.50%             | 2043-08-12      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MARTIN MARIETTA MATERIAL                   | Martin Marietta Materials Inc                                                   | CUSIP: 573284AU0<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |     70000 | PA      | $56728.87     | 0.22%             | 2047-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DANAHER CORP                               | Danaher Corp                                                                    | CUSIP: 235851AW2<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | DBT              | CORP              | US        |    100000 | PA      | $66762.40     | 0.26%             | 2051-12-10      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| ENTERGY TEXAS INC                          | Entergy Texas Inc                                                               | CUSIP: 29365TAJ3<br>LEI: LWXX58X12AJXISQ28573 | Long             | DBT              | CORP              | US        |    130000 | PA      | $93990.22     | 0.37%             | 2049-09-30      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                               | Comcast Corp                                                                    | CUSIP: 20030NCL3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     80000 | PA      | $74263.27     | 0.29%             | 2038-10-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                        | American Express Co                                                             | CUSIP: 025816BF5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     70000 | PA      | $60066.16     | 0.24%             | 2042-12-03      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                  | Amgen Inc                                                                       | CUSIP: 031162CY4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    100000 | PA      | $60696.74     | 0.24%             | 2053-09-01      | Fixed         | 2.77%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                    | Walt Disney Co/The                                                              | CUSIP: 254687FY7<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    130000 | PA      | $104606.91    | 0.41%             | 2040-05-13      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| S&P GLOBAL INC                             | S&P Global Inc                                                                  | CUSIP: 78409VBD5<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |     80000 | PA      | $62184.44     | 0.24%             | 2052-03-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                             | Lowe's Cos Inc                                                                  | CUSIP: 548661EM5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |     80000 | PA      | $76065.23     | 0.30%             | 2053-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NVIDIA CORP                                | NVIDIA Corp                                                                     | CUSIP: 67066GAH7<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |     90000 | PA      | $68157.95     | 0.27%             | 2050-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                     | ConocoPhillips Co                                                               | CUSIP: 20826FBD7<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |     75000 | PA      | $59640.87     | 0.23%             | 2062-03-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON AND CO                    | Becton Dickinson and Co                                                         | CUSIP: 075887BM0<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |     80000 | PA      | $67437.62     | 0.26%             | 2044-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MIDAMERICAN ENERGY CO                      | MidAmerican Energy Co                                                           | CUSIP: 595620AL9<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |     70000 | PA      | $65649.61     | 0.26%             | 2043-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                             | Microsoft Corp                                                                  | CUSIP: 594918CC6<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |     90000 | PA      | $59929.11     | 0.23%             | 2050-06-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| BERKLEY (WR) CORPORATION                   | W R Berkley Corp                                                                | CUSIP: 084423AW2<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | DBT              | CORP              | US        |     90000 | PA      | $54018.56     | 0.21%             | 2061-09-30      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                  | Apple Inc                                                                       | CUSIP: 037833EG1<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    110000 | PA      | $70236.28     | 0.27%             | 2061-02-08      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| WYETH LLC                                  | Wyeth LLC                                                                       | CUSIP: 983024AN0<br>LEI: 549300Q9GR3WRH4N4836 | Long             | DBT              | CORP              | US        |    120000 | PA      | $129513.48    | 0.51%             | 2037-04-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                | PepsiCo Inc                                                                     | CUSIP: 713448FG8<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |     90000 | PA      | $62823.60     | 0.25%             | 2051-10-21      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| AETNA INC                                  | Aetna Inc                                                                       | CUSIP: 00817YAJ7<br>LEI: 549300QKBENKLBXQ8968 | Long             | DBT              | CORP              | US        |     70000 | PA      | $60731.83     | 0.24%             | 2042-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CARLYLE HOLDINGS II FIN                    | Carlyle Holdings II Finance LLC                                                 | CUSIP: 14310FAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $53718.72     | 0.21%             | 2043-03-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                     | UnitedHealth Group Inc                                                          | CUSIP: 91324PDF6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    140000 | PA      | $112172.69    | 0.44%             | 2047-10-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                         | Union Pacific Corp                                                              | CUSIP: 907818FY9<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |     30000 | PA      | $23925.70     | 0.09%             | 2042-02-14      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ERAC USA FINANCE LLC                       | ERAC USA Finance LLC                                                            | CUSIP: 26884TAE2<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |     80000 | PA      | $76049.69     | 0.30%             | 2042-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SBL HOLDINGS INC                           | SBL Holdings Inc                                                                | CUSIP: 78397DAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     36000 | PA      | $28392.19     | 0.11%             | 2031-02-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                               | Comcast Corp                                                                    | CUSIP: 20030NBU4<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    100000 | PA      | $73579.38     | 0.29%             | 2046-07-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                          | Kinder Morgan Inc                                                               | CUSIP: 49456BAH4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |     70000 | PA      | $64097.55     | 0.25%             | 2045-06-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                | Walmart Inc                                                                     | CUSIP: 931142EU3<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    100000 | PA      | $73297.55     | 0.29%             | 2041-09-22      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federated Hermes Treasury Obligations Fund | Federated Hermes Treasury Obligations Fund                                      | CUSIP: 60934N500<br>LEI: 254900WUIGYHOH89FC60 | Long             | STIV             | RF                | US        |    398945 | NS      | $398944.74    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| KRAFT HEINZ FOODS CO                       | Kraft Heinz Foods Co                                                            | CUSIP: 50077LAZ9<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     66000 | PA      | $57471.51     | 0.22%             | 2049-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT LIGHT & PWR                    | Connecticut Light and Power Co/The                                              | CUSIP: 207597EL5<br>LEI: 549300O45IUXEDS1VZ32 | Long             | DBT              | CORP              | US        |     70000 | PA      | $58543.82     | 0.23%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                   | AT&T Inc                                                                        | CUSIP: 00206RKB7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    155000 | PA      | $108118.66    | 0.42%             | 2060-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY FIN                     | Berkshire Hathaway Finance Corp                                                 | CUSIP: 084664DB4<br>LEI: 549300RLHFT5RU20WM87 | Long             | DBT              | CORP              | US        |     55000 | PA      | $44471.49     | 0.17%             | 2052-03-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY SOUTHERN                       | Kansas City Southern/Old                                                        | CUSIP: 485170BE3<br>LEI: 5493008C12PZMWP3WY03 | Long             | DBT              | CORP              | US        |    100000 | PA      | $71695.64     | 0.28%             | 2050-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                          | L3Harris Technologies Inc                                                       | CUSIP: 413875AS4<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |     90000 | PA      | $84205.41     | 0.33%             | 2035-04-27      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                   | AT&T Inc                                                                        | CUSIP: 00206RLV2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    240000 | PA      | $161453.40    | 0.63%             | 2059-09-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| NATIONAL RETAIL PROP INC                   | National Retail Properties Inc                                                  | CUSIP: 637417AQ9<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |     80000 | PA      | $53842.93     | 0.21%             | 2051-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                         | Athene Holding Ltd                                                              | CUSIP: 04686JAD3<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | BM        |     83000 | PA      | $56410.47     | 0.22%             | 2051-05-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                     | UnitedHealth Group Inc                                                          | CUSIP: 91324PDT6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    130000 | PA      | $106805.29    | 0.42%             | 2039-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE MUTUAL INSURA                   | Nationwide Mutual Insurance Co                                                  | CUSIP: 638671AN7<br>LEI: Z7LVXXWM8HZPKF5T2355 | Long             | DBT              | CORP              | US        |    100000 | PA      | $75220.53     | 0.29%             | 2050-04-30      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                         | Union Pacific Corp                                                              | CUSIP: 907818EQ7<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |     80000 | PA      | $67907.61     | 0.27%             | 2037-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                           | Paramount Global                                                                | CUSIP: 92556HAC1<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |     43000 | PA      | $31483.16     | 0.12%             | 2050-05-19      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                      | Norfolk Southern Corp                                                           | CUSIP: 655844CN6<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |     50000 | PA      | $37838.10     | 0.15%             | 2053-03-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | United States Treasury Note/Bond                                                | CUSIP: 912810TC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    376100 | PA      | $270512.86    | 1.06%             | 2041-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                    | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc                     | CUSIP: 03522AAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $274960.53    | 1.08%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                   | AT&T Inc                                                                        | CUSIP: 00206RCP5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    210000 | PA      | $191227.80    | 0.75%             | 2035-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                   | Constellation Brands Inc                                                        | CUSIP: 21036PBG2<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |     60000 | PA      | $45424.75     | 0.18%             | 2050-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| INTERPUBLIC GROUP COS                      | Interpublic Group of Cos Inc/The                                                | CUSIP: 460690BS8<br>LEI: 5493008IUOJ5VWTRC333 | Long             | DBT              | CORP              | US        |     90000 | PA      | $63506.87     | 0.25%             | 2041-03-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                   | Enterprise Products Operating LLC                                               | CUSIP: 29379VAG8<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82336.28     | 0.32%             | 2039-10-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                     | Philip Morris International Inc                                                 | CUSIP: 718172AM1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    110000 | PA      | $91178.20     | 0.36%             | 2041-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                   | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 035240AU4<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    150000 | PA      | $131330.23    | 0.51%             | 2060-06-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CARGILL INC                                | Cargill Inc                                                                     | CUSIP: 141781BX1<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |     70000 | PA      | $61146.49     | 0.24%             | 2052-04-22      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UDR INC                                    | UDR Inc                                                                         | CUSIP: 90265EAS9<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              | CORP              | US        |     80000 | PA      | $60827.91     | 0.24%             | 2034-11-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                           | Altria Group Inc                                                                | CUSIP: 02209SAV5<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     80000 | PA      | $53877.11     | 0.21%             | 2046-09-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                     | Williams Cos Inc/The                                                            | CUSIP: 96949LAC9<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     70000 | PA      | $61452.34     | 0.24%             | 2045-09-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| NEWMONT CORP                               | Newmont Corp                                                                    | CUSIP: 651639AP1<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | DBT              | CORP              | US        |     80000 | PA      | $73134.24     | 0.29%             | 2042-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                     | BP Capital Markets America Inc                                                  | CUSIP: 10373QBR0<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    125000 | PA      | $93067.26     | 0.36%             | 2041-06-17      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| PUGET SOUND ENERGY INC                     | Puget Sound Energy Inc                                                          | CUSIP: 745332CD6<br>LEI: 8MNFJR7KOMBQ7X62LK44 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59405.28     | 0.23%             | 2041-04-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL LIFE                   | Northwestern Mutual Life Insurance Co/The                                       | CUSIP: 668138AE0<br>LEI: 1DU7IM20QESYGDO4HO54 | Long             | DBT              | CORP              | US        |     80000 | PA      | $56508.50     | 0.22%             | 2051-03-30      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                              | Citigroup Inc                                                                   | CUSIP: 172967LU3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     70000 | PA      | $58158.50     | 0.23%             | 2039-01-24      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MARATHON PETROLEUM CORP                    | Marathon Petroleum Corp                                                         | CUSIP: 56585AAF9<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62001.38     | 0.24%             | 2041-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HESS CORP                                  | Hess Corp                                                                       | CUSIP: 42809HAD9<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |     70000 | PA      | $65963.70     | 0.26%             | 2041-02-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                        | JPMorgan Chase & Co                                                             | CUSIP: 46647PAA4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    100000 | PA      | $82349.82     | 0.32%             | 2048-02-22      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                   | Prudential Financial Inc                                                        | CUSIP: 744320BH4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |     80000 | PA      | $67511.20     | 0.26%             | 2050-10-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                   | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $122257.54    | 0.48%             | 2061-12-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| DIAGEO CAPITAL PLC                         | Diageo Capital PLC                                                              | CUSIP: 25243YAV1<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |     80000 | PA      | $66023.93     | 0.26%             | 2043-04-29      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| RAYTHEON TECH CORP                         | Raytheon Technologies Corp                                                      | CUSIP: 75513ECP4<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |     70000 | PA      | $47839.34     | 0.19%             | 2052-03-15      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                    | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc                     | CUSIP: 03522AAH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $151545.92    | 0.59%             | 2036-02-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY INDIANA LLC                    | Duke Energy Indiana LLC                                                         | CUSIP: 26443TAA4<br>LEI: 6URPHM2EAWGJ2C6ISB97 | Long             | DBT              | CORP              | US        |    150000 | PA      | $116318.29    | 0.46%             | 2046-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN                   | Brighthouse Financial Inc                                                       | CUSIP: 10922NAF0<br>LEI: 5493003T8SZSHOGGAW52 | Long             | DBT              | CORP              | US        |     80000 | PA      | $58989.26     | 0.23%             | 2047-06-22      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| VISA INC                                   | Visa Inc                                                                        | CUSIP: 92826CAF9<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |     70000 | PA      | $64271.03     | 0.25%             | 2045-12-14      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                   | Alexandria Real Estate Equities Inc                                             | CUSIP: 015271AV1<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |     90000 | PA      | $67200.18     | 0.26%             | 2033-02-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                      | Wells Fargo & Co                                                                | CUSIP: 95000U2M4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    100000 | PA      | $88708.96     | 0.35%             | 2051-04-04      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| BAXALTA INC                                | Baxalta Inc                                                                     | CUSIP: 07177MAN3<br>LEI: 5493000JW8DCO3T45R55 | Long             | DBT              | CORP              | US        |     60000 | PA      | $57691.08     | 0.23%             | 2045-06-23      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING                    | DCP Midstream Operating LP                                                      | CUSIP: 23311VAF4<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |     75000 | PA      | $69971.22     | 0.27%             | 2044-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| APPALACHIAN POWER CO                       | Appalachian Power Co                                                            | CUSIP: 037735CE5<br>LEI: 3SCHO1ABYYIG382BEI70 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88119.12     | 0.34%             | 2035-10-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                            | CVS Health Corp                                                                 | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     65000 | PA      | $59421.69     | 0.23%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| PROGRESSIVE CORP                           | Progressive Corp/The                                                            | CUSIP: 743315AX1<br>LEI: 529900TACNVLY9DCR586 | Long             | DBT              | CORP              | US        |     70000 | PA      | $56662.59     | 0.22%             | 2050-03-26      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                   | Devon Energy Corp                                                               | CUSIP: 25179MAL7<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |     61000 | PA      | $57243.36     | 0.22%             | 2041-07-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                    | Walt Disney Co/The                                                              | CUSIP: 254687FM3<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    100000 | PA      | $66771.47     | 0.26%             | 2049-09-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PUB SVC ELEC & GAS                         | Public Service Electric and Gas Co                                              | CUSIP: 74456QAU0<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96979.61     | 0.38%             | 2039-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                              | Citigroup Inc                                                                   | CUSIP: 172967FX4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90550.23     | 0.35%             | 2042-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY OHIO INC                       | Duke Energy Ohio Inc                                                            | CUSIP: 26442EAE0<br>LEI: L6KC0HABGHNFU1Z6QY21 | Long             | DBT              | CORP              | US        |     80000 | PA      | $59327.86     | 0.23%             | 2046-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR INC                            | Caterpillar Inc                                                                 | CUSIP: 149123CB5<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |     70000 | PA      | $60007.14     | 0.23%             | 2042-08-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                   | Florida Power & Light Co                                                        | CUSIP: 341081EY9<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46623.28     | 0.18%             | 2037-05-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                   | Discovery Communications LLC                                                    | CUSIP: 25470DBL2<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |     90000 | PA      | $54332.64     | 0.21%             | 2055-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                             | Morgan Stanley                                                                  | CUSIP: 61744YAL2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     90000 | PA      | $75992.60     | 0.30%             | 2038-07-22      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| LYB INT FINANCE III                        | LYB International Finance III LLC                                               | CUSIP: 50249AAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $67007.00     | 0.26%             | 2050-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                    | Simon Property Group LP                                                         | CUSIP: 828807DH7<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |     80000 | PA      | $53364.06     | 0.21%             | 2049-09-13      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                              | Citigroup Inc                                                                   | CUSIP: 172967MM0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     60000 | PA      | $57447.62     | 0.22%             | 2041-03-26      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                            | CMS Energy Corp                                                                 | CUSIP: 125896BV1<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |     90000 | PA      | $67775.89     | 0.27%             | 2050-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                     | Verizon Communications Inc                                                      | CUSIP: 92343VCQ5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    120000 | PA      | $110343.38    | 0.43%             | 2034-11-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                               | Broadcom Inc                                                                    | CUSIP: 11135FBJ9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     80000 | PA      | $57508.99     | 0.23%             | 2041-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                   | Liberty Mutual Group Inc                                                        | CUSIP: 53079EBK9<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |     80000 | PA      | $52678.74     | 0.21%             | 2060-05-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY CORP                          | Kimco Realty Corp                                                               | CUSIP: 49446RAM1<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              | CORP              | US        |     70000 | PA      | $53625.25     | 0.21%             | 2045-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| KKR GROUP FINANCE CO III                   | KKR Group Finance Co III LLC                                                    | CUSIP: 48250AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $60824.13     | 0.24%             | 2044-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| VERISK ANALYTICS INC                       | Verisk Analytics Inc                                                            | CUSIP: 92345YAG1<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |     70000 | PA      | $48675.21     | 0.19%             | 2050-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                   | Florida Power & Light Co                                                        | CUSIP: 341081FF9<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |     80000 | PA      | $69718.05     | 0.27%             | 2042-02-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BLUE OWL FINANCE LLC                       | Blue Owl Finance LLC                                                            | CUSIP: 09581JAC0<br>LEI: 254900OF2NO2GYFV5T41 | Long             | DBT              | CORP              | US        |     80000 | PA      | $47364.81     | 0.19%             | 2051-10-07      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                   | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 03523TBW7<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72704.59     | 0.28%             | 2059-01-23      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                             | Amazon.com Inc                                                                  | CUSIP: 023135BT2<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    175000 | PA      | $111591.75    | 0.44%             | 2050-06-03      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL FINANCIAL                    | Fidelity National Financial Inc                                                 | CUSIP: 31620RAL9<br>LEI: 549300CAZYIH39SYQ287 | Long             | DBT              | CORP              | US        |     90000 | PA      | $52733.09     | 0.21%             | 2051-09-17      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                             | Starbucks Corp                                                                  | CUSIP: 855244BA6<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |     90000 | PA      | $64821.92     | 0.25%             | 2050-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ABBOTT LABORATORIES                        | Abbott Laboratories                                                             | CUSIP: 002824BH2<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68245.51     | 0.27%             | 2046-11-30      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                         | Meta Platforms Inc                                                              | CUSIP: 30303M8J4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |     60000 | PA      | $48032.84     | 0.19%             | 2052-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CARGILL INC                                | Cargill Inc                                                                     | CUSIP: 141781BF0<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |     70000 | PA      | $64051.47     | 0.25%             | 2045-11-23      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE                      | United Parcel Service Inc                                                       | CUSIP: 911312BW5<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72565.15     | 0.28%             | 2050-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                   | Plains All American Pipeline LP / PAA Finance Corp                              | CUSIP: 72650RBE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $76279.94     | 0.30%             | 2044-06-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                      | Novartis Capital Corp                                                           | CUSIP: 66989HAS7<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |     90000 | PA      | $62987.40     | 0.25%             | 2050-08-14      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY FLORIDA LLC                    | Duke Energy Florida LLC                                                         | CUSIP: 341099CH0<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |     60000 | PA      | $64664.23     | 0.25%             | 2037-09-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                               | Comcast Corp                                                                    | CUSIP: 20030NDW8<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    170000 | PA      | $103819.93    | 0.41%             | 2063-11-01      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                    | Bristol-Myers Squibb Co                                                         | CUSIP: 110122CR7<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    110000 | PA      | $95496.95     | 0.37%             | 2049-10-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                         | Vodafone Group PLC                                                              | CUSIP: 92857WBU3<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |     80000 | PA      | $61368.52     | 0.24%             | 2050-09-17      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER TRUST I                     | American Tower Trust #1                                                         | CUSIP: 03027WAK8<br>LEI: 5493004YGM0MQZJOEJ36 | Long             | DBT              | CORP              | US        |    157000 | PA      | $142262.17    | 0.56%             | 2028-03-23      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                        | Elevance Health Inc                                                             | CUSIP: 036752AD5<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    110000 | PA      | $94755.43     | 0.37%             | 2047-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                      | Norfolk Southern Corp                                                           | CUSIP: 655844BM9<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |     70000 | PA      | $57817.89     | 0.23%             | 2042-10-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                    | Kinder Morgan Energy Partners LP                                                | CUSIP: 494550BK1<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |     70000 | PA      | $64556.84     | 0.25%             | 2041-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                        | Fifth Third Bancorp                                                             | CUSIP: 316773CH1<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |     50000 | PA      | $62138.57     | 0.24%             | 2038-03-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| HCA INC                                    | HCA Inc                                                                         | CUSIP: 404119CB3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    150000 | PA      | $96960.43     | 0.38%             | 2051-07-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                | Exelon Corp                                                                     | CUSIP: 30161NAV3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |     70000 | PA      | $59536.17     | 0.23%             | 2046-04-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                    | Procter & Gamble Co/The                                                         | CUSIP: 742718DF3<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |     60000 | PA      | $64880.35     | 0.25%             | 2037-03-05      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                     | Diamondback Energy Inc                                                          | CUSIP: 25278XAT6<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |     45000 | PA      | $33292.33     | 0.13%             | 2052-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                               | Comcast Corp                                                                    | CUSIP: 20030NCY5<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    110000 | PA      | $86144.77     | 0.34%             | 2039-11-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                            | CVS Health Corp                                                                 | CUSIP: 126650DP2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     95000 | PA      | $66046.22     | 0.26%             | 2040-08-21      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| RAYTHEON TECH CORP                         | Raytheon Technologies Corp                                                      | CUSIP: 75513ECL3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    160000 | PA      | $104586.47    | 0.41%             | 2051-09-01      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COPPER CORP                       | Southern Copper Corp                                                            | CUSIP: 84265VAA3<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |    100000 | PA      | $116151.00    | 0.45%             | 2035-07-27      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                  | Boeing Co/The                                                                   | CUSIP: 097023CF0<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     90000 | PA      | $57854.36     | 0.23%             | 2059-03-01      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                               | Comcast Corp                                                                    | CUSIP: 20030NBM2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    110000 | PA      | $101936.21    | 0.40%             | 2034-08-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                   | Discovery Communications LLC                                                    | CUSIP: 25470DAT6<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |     80000 | PA      | $59788.32     | 0.23%             | 2047-09-20      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| DEERE & COMPANY                            | Deere & Co                                                                      | CUSIP: 244199BF1<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | DBT              | CORP              | US        |     80000 | PA      | $71202.70     | 0.28%             | 2042-06-09      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                 | AbbVie Inc                                                                      | CUSIP: 00287YCA5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     60000 | PA      | $51653.96     | 0.20%             | 2039-11-21      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                     | PNC Financial Services Group Inc/The                                            | CUSIP: 693475AK1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    135000 | PA      | $134662.49    | 0.53%             | N/A             | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| EASTERN GAS TRAN                           | Eastern Gas Transmission & Storage Inc                                          | CUSIP: 276480AF7<br>LEI: H2VQBNB3NSKRM5QWBI71 | Long             | DBT              | CORP              | US        |     75000 | PA      | $65342.32     | 0.26%             | 2043-11-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                   | Burlington Northern Santa Fe LLC                                                | CUSIP: 12189LAG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $67147.04     | 0.26%             | 2041-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CSL FINANCE PLC                            | CSL Finance PLC                                                                 | CUSIP: 12661PAE9<br>LEI: 2549007CCNBNAF4HBC02 | Long             | DBT              | CORP              | GB        |    145000 | PA      | $130866.91    | 0.51%             | 2052-04-27      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                     | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KBZ2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     80000 | PA      | $64845.07     | 0.25%             | 2032-01-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| TIME WARNER CABLE LLC                      | Time Warner Cable LLC                                                           | CUSIP: 88732JAJ7<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    130000 | PA      | $124267.25    | 0.49%             | 2037-05-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                        | Gilead Sciences Inc                                                             | CUSIP: 375558BS1<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |     90000 | PA      | $63200.09     | 0.25%             | 2040-10-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                     | Williams Cos Inc/The                                                            | CUSIP: 96950FAF1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71879.57     | 0.28%             | 2040-04-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO                   | Virginia Electric and Power Co                                                  | CUSIP: 927804FL3<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    110000 | PA      | $89562.36     | 0.35%             | 2043-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                               | QUALCOMM Inc                                                                    | CUSIP: 747525AV5<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |     70000 | PA      | $60590.50     | 0.24%             | 2047-05-20      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                | Equinor ASA                                                                     | CUSIP: 85771PAC6<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |     70000 | PA      | $69186.90     | 0.27%             | 2040-08-17      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PECO ENERGY CO                             | PECO Energy Co                                                                  | CUSIP: 693304BC0<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |    190000 | PA      | $126813.08    | 0.50%             | 2051-09-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| RAYTHEON TECH CORP                         | Raytheon Technologies Corp                                                      | CUSIP: 913017CW7<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |     90000 | PA      | $82181.27     | 0.32%             | 2038-11-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ZOETIS INC                                 | Zoetis Inc                                                                      | CUSIP: 98978VAH6<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |     70000 | PA      | $63262.89     | 0.25%             | 2043-02-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH EDISON CO                     | Commonwealth Edison Co                                                          | CUSIP: 202795HK9<br>LEI: D8YOXB8L2ZDC8P7Q0771 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62858.75     | 0.25%             | 2036-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                | Oracle Corp                                                                     | CUSIP: 68389XCA1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     90000 | PA      | $64528.12     | 0.25%             | 2051-03-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                   | CenterPoint Energy Houston Electric LLC                                         | CUSIP: 15189XAT5<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |     70000 | PA      | $61195.50     | 0.24%             | 2049-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                   | Duke Energy Progress LLC                                                        | CUSIP: 26442UAM6<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |     90000 | PA      | $59432.65     | 0.23%             | 2051-08-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                       | Bank of America Corp                                                            | CUSIP: 06051GGM5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     70000 | PA      | $59743.29     | 0.23%             | 2038-04-24      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | United States Treasury Note/Bond                                                | CUSIP: 91282CDY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    260000 | PA      | $221345.31    | 0.87%             | 2032-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| TSMC ARIZONA CORP                          | TSMC Arizona Corp                                                               | CUSIP: 872898AE1<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |    200000 | PA      | $144920.20    | 0.57%             | 2051-10-25      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                    | Oncor Electric Delivery Co LLC                                                  | CUSIP: 68233JCL6<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58315.66     | 0.23%             | 2052-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PUGET SOUND ENERGY INC                     | Puget Sound Energy Inc                                                          | CUSIP: 745332CK0<br>LEI: 8MNFJR7KOMBQ7X62LK44 | Long             | DBT              | CORP              | US        |     90000 | PA      | $57640.91     | 0.23%             | 2051-09-15      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY FIN                     | Berkshire Hathaway Finance Corp                                                 | CUSIP: 084664CQ2<br>LEI: 549300RLHFT5RU20WM87 | Long             | DBT              | CORP              | US        |     70000 | PA      | $62217.56     | 0.24%             | 2048-08-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                       | Bank of America Corp                                                            | CUSIP: 06051GJE0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    255000 | PA      | $172709.76    | 0.68%             | 2041-06-19      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                  | Apple Inc                                                                       | CUSIP: 037833EQ9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |     75000 | PA      | $63732.17     | 0.25%             | 2052-08-08      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| WASTE CONNECTIONS INC                      | Waste Connections Inc                                                           | CUSIP: 94106BAD3<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |     90000 | PA      | $59569.79     | 0.23%             | 2052-01-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES                      | TransCanada PipeLines Ltd                                                       | CUSIP: 89352HAM1<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |     64000 | PA      | $58556.47     | 0.23%             | 2034-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                         | Energy Transfer LP                                                              | CUSIP: 86765BAQ2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     90000 | PA      | $76709.51     | 0.30%             | 2045-05-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                                | Viatris Inc                                                                     | CUSIP: 92556VAF3<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |     55000 | PA      | $34078.04     | 0.13%             | 2050-06-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                   | Enterprise Products Operating LLC                                               | CUSIP: 29379VAT0<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110642.49    | 0.43%             | 2041-02-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| TIME WARNER CABLE LLC                      | Time Warner Cable LLC                                                           | CUSIP: 88732JAY4<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |     70000 | PA      | $61290.57     | 0.24%             | 2040-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                             | Lowe's Cos Inc                                                                  | CUSIP: 548661DV6<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |     80000 | PA      | $74314.34     | 0.29%             | 2040-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HERSHEY COMPANY                            | Hershey Co/The                                                                  | CUSIP: 427866BB3<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | DBT              | CORP              | US        |     70000 | PA      | $50115.61     | 0.20%             | 2049-11-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| ATMOS ENERGY CORP                          | Atmos Energy Corp                                                               | CUSIP: 049560AM7<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |     80000 | PA      | $65771.76     | 0.26%             | 2044-10-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                        | Charles Schwab Corp/The                                                         | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |     80000 | PA      | $63796.00     | 0.25%             | N/A             | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| POLAR TANKERS INC                          | Polar Tankers Inc                                                               | CUSIP: 73102QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     14683 | PA      | $14904.55     | 0.06%             | 2037-05-10      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                   | AT&T Inc                                                                        | CUSIP: 00206RJZ6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    120000 | PA      | $90099.08     | 0.35%             | 2041-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY SOUTH                      | Dominion Energy South Carolina Inc                                              | CUSIP: 837004BX7<br>LEI: 3QRVFYR22IUIEOORTK28 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90933.88     | 0.36%             | 2033-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PACKAGING CORP OF AMERIC                   | Packaging Corp of America                                                       | CUSIP: 695156AW9<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | DBT              | CORP              | US        |     90000 | PA      | $57868.13     | 0.23%             | 2051-10-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                 | Fiserv Inc                                                                      | CUSIP: 337738AV0<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |     70000 | PA      | $57223.05     | 0.22%             | 2049-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CSX CORP                                   | CSX Corp                                                                        | CUSIP: 126408HV8<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |     90000 | PA      | $78786.41     | 0.31%             | 2052-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BACARDI LTD                                | Bacardi Ltd                                                                     | CUSIP: 067316AH2<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |    100000 | PA      | $89399.94     | 0.35%             | 2048-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                       | Lockheed Martin Corp                                                            | CUSIP: 539830BS7<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    220000 | PA      | $187913.48    | 0.74%             | 2053-06-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                      | Wells Fargo & Co                                                                | CUSIP: 94974BFP0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    220000 | PA      | $205746.04    | 0.80%             | 2043-11-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                            | McDonald's Corp                                                                 | CUSIP: 58013MFA7<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |     80000 | PA      | $74457.78     | 0.29%             | 2045-12-09      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | United States Treasury Note/Bond                                                | CUSIP: 912810SZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1540200 | PA      | $1018457.25   | 3.98%             | 2051-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HALLIBURTON CO                             | Halliburton Co                                                                  | CUSIP: 406216AY7<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |     60000 | PA      | $67838.48     | 0.27%             | 2039-09-15      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC                            | Global Atlantic Fin Co                                                          | CUSIP: 37959GAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $60933.42     | 0.24%             | 2051-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                    | Dell International LLC / EMC Corp                                               | CUSIP: 24703DBG5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $61662.10     | 0.24%             | 2051-12-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                     | Verizon Communications Inc                                                      | CUSIP: 92343VFT6<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    100000 | PA      | $67955.15     | 0.27%             | 2040-11-20      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                   | Burlington Northern Santa Fe LLC                                                | CUSIP: 12189LAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $104505.63    | 0.41%             | 2044-04-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                            | CVS Health Corp                                                                 | CUSIP: 126650CN8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    130000 | PA      | $117959.38    | 0.46%             | 2045-07-20      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                | Oracle Corp                                                                     | CUSIP: 68389XCK9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     75000 | PA      | $80949.46     | 0.32%             | 2052-11-09      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                           | BAT Capital Corp                                                                | CUSIP: 05526DBF1<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     60000 | PA      | $42688.42     | 0.17%             | 2047-08-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE TELEKOM AG                        | Deutsche Telekom AG                                                             | CUSIP: 251566AA3<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | DBT              | CORP              | DE        |    150000 | PA      | $108225.83    | 0.42%             | 2050-01-21      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY SOUTH                      | Dominion Energy South Carolina Inc                                              | CUSIP: 837004CJ7<br>LEI: 3QRVFYR22IUIEOORTK28 | Long             | DBT              | CORP              | US        |     60000 | PA      | $55026.14     | 0.22%             | 2065-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC                            | Xcel Energy Inc                                                                 | CUSIP: 98389BAX8<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    110000 | PA      | $80820.46     | 0.32%             | 2049-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                             | Amazon.com Inc                                                                  | CUSIP: 023135BU9<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    150000 | PA      | $91253.50     | 0.36%             | 2060-06-03      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                | Exelon Corp                                                                     | CUSIP: 30161NAS0<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |     70000 | PA      | $65506.58     | 0.26%             | 2045-06-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                          | Kinder Morgan Inc                                                               | CUSIP: 49456BAT8<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |     90000 | PA      | $62452.98     | 0.24%             | 2051-02-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                      | Republic Services Inc                                                           | CUSIP: 760759BA7<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    165000 | PA      | $132094.02    | 0.52%             | 2033-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                | Southern Co/The                                                                 | CUSIP: 842587CX3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     80000 | PA      | $67108.40     | 0.26%             | 2046-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE INSURANCE                    | New York Life Insurance Co                                                      | CUSIP: 64952GAQ1<br>LEI: TAE73CY392TBWJ3O3305 | Long             | DBT              | CORP              | US        |     70000 | PA      | $58136.79     | 0.23%             | 2069-05-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                            | CMS Energy Corp                                                                 | CUSIP: 125896BL3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |     70000 | PA      | $59034.12     | 0.23%             | 2043-03-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                   | Alexandria Real Estate Equities Inc                                             | CUSIP: 015271AX7<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |     50000 | PA      | $31875.36     | 0.12%             | 2051-05-18      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                   | American Airlines Inc/AAdvantage Loyalty IP Ltd                                 | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     39000 | PA      | $37493.75     | 0.15%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                    | Bristol-Myers Squibb Co                                                         | CUSIP: 110122DW5<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |     70000 | PA      | $54170.65     | 0.21%             | 2052-03-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                 | AbbVie Inc                                                                      | CUSIP: 00287YAM1<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     60000 | PA      | $52312.15     | 0.20%             | 2042-11-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| NESTLE HOLDINGS INC                        | Nestle Holdings Inc                                                             | CUSIP: 641062AY0<br>LEI: 549300EAEU8YV8MQXP30 | Long             | DBT              | CORP              | US        |    150000 | PA      | $106010.63    | 0.41%             | 2041-09-14      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                           | T-Mobile USA Inc                                                                | CUSIP: 87264ABY0<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    100000 | PA      | $66581.98     | 0.26%             | 2060-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| SPECTRA ENERGY PARTNERS                    | Spectra Energy Partners LP                                                      | CUSIP: 84756NAG4<br>LEI: 2HKVXE7U4NF5B6UGSU72 | Long             | DBT              | CORP              | US        |     80000 | PA      | $66384.61     | 0.26%             | 2045-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                             | Home Depot Inc/The                                                              | CUSIP: 437076CK6<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    200000 | PA      | $131745.03    | 0.52%             | 2051-09-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                | Oracle Corp                                                                     | CUSIP: 68389XBY0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     90000 | PA      | $60270.67     | 0.24%             | 2060-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                               | Stryker Corp                                                                    | CUSIP: 863667AJ0<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |     80000 | PA      | $70740.30     | 0.28%             | 2046-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TRAVELERS COS INC                          | Travelers Cos Inc/The                                                           | CUSIP: 89417EAR0<br>LEI: 549300Y650407RU8B149 | Long             | DBT              | CORP              | US        |     80000 | PA      | $54915.12     | 0.21%             | 2051-06-08      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                   | Corebridge Financial Inc                                                        | CUSIP: 21871XAL3<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |     84000 | PA      | $67087.55     | 0.26%             | 2052-04-05      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                 | AbbVie Inc                                                                      | CUSIP: 00287YAW9<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     60000 | PA      | $51892.70     | 0.20%             | 2046-05-14      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                    | Bristol-Myers Squibb Co                                                         | CUSIP: 110122DR6<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    145000 | PA      | $100378.76    | 0.39%             | 2040-11-13      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| SECURIAN FINANCIAL GROUP                   | Securian Financial Group Inc                                                    | CUSIP: 81373PAA1<br>LEI: 5493007EAD0HGURCS836 | Long             | DBT              | CORP              | US        |     70000 | PA      | $56368.03     | 0.22%             | 2048-04-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Sterling Capital Funds

**Signature:** Todd Miller

**Name of Signer:** Todd Miller

**Title:** Treasurer and Secretary