# EDGAR Filing Document

**Accession Number:** 0000891160
**File Stem:** 0000910472-26-003220
**Filing Date:** 2026-2
**Character Count:** 82175
**Document Hash:** 23416646f25b8294896b874b841313d2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003220.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000910472-26-003220

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SCHWARTZ INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000891160

**ORGANIZATION NAME:**
- **EIN:** 316456713
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07148
- **FILM NUMBER:** 26693614

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 513-587-3400

**MAIL ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### Ave Maria Bond Fund (Series ID: S000001552)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000004207 | Ave Maria Bond Fund | AVEFX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Schwartz Investment Trust

- **b. Investment Company Act file number:** 811-07148

- **c. CIK number of Registrant:** 0000891160

- **d. LEI of Registrant:** 549300TMUIREL25T6R98

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

  - **Street Address 1:** 801 West Ann Arbor Trail

  - **City:** Plymouth

  - **State:** MI

  - **Foreign country:** US

  - **Zip / Postal Code:** 48170

  - **Telephone number:** 248-644-8500

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

- **a. Name of Series:** AVE MARIA BOND FUND

- **b. EDGAR series identifier (if any):** S000001552

- **c. LEI of Series:** 549300X80BC7PADZZN77

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

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

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $794361027.45

**Total Liabilities:** $622599.80

**Net Assets:** $793738427.65

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 957.72538303 | **1-Year:** 19639.28967246 | **5-Year:** 83293.57686129 | **10-Year:** 25563.61287248 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000004207 | -0.22%               | 0.54%                | 0.22%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $438154.84               | $-4571458.92                               |
| Month 2  | $21589.70                | $2316167.82                                |
| Month 3  | $0.00                    | $-1242524.59                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Amphenol Corporation                                  | Amphenol Corporation 4.35%, DUE 06/01/2029                             | CUSIP: 032095AH4<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   5950000 | PA      | $6011375.20   | 0.76%             | 2029-06-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Amphenol Corporation                                  | Amphenol Corporation 2.80%, DUE 02/15/2030                             | CUSIP: 032095AJ0<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1901028.54   | 0.24%             | 2030-02-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Amphenol Corporation                                  | AMPHENOL CORP 2.2%, DUE 09/15/2031                                     | CUSIP: 032095AL5<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   6460000 | PA      | $5775796.34   | 0.73%             | 2031-09-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Analog Devices Inc.                                   | Analog Devices Inc 2.10%, Due 10/01/2031                               | CUSIP: 032654AV7<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |   3450000 | PA      | $3068150.41   | 0.39%             | 2031-10-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Analog Devices Inc.                                   | Analog Devices Inc 5.05%, Due 04/01/2034                               | CUSIP: 032654BB0<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |   4230000 | PA      | $4378630.65   | 0.55%             | 2034-04-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Broadridge Financial Solutions Inc.                   | Broadridge Financial Solutions, Inc. 3.40%, Due 06/27/2026             | CUSIP: 11133TAC7<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | DBT              | CORP              | US        |    600000 | PA      | $597770.03    | 0.08%             | 2026-06-27      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Broadridge Financial Solutions Inc.                   | Broadridge Financial Solutions, Inc. 2.900%, Due 12/01/2029            | CUSIP: 11133TAD5<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | DBT              | CORP              | US        |   6800000 | PA      | $6450449.20   | 0.81%             | 2029-12-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Broadridge Financial Solutions Inc.                   | Broadridge Financial Solutions, Inc. 2.60%, Due 05/01/2031             | CUSIP: 11133TAE3<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | DBT              | CORP              | US        |   7069000 | PA      | $6430217.80   | 0.81%             | 2031-05-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Carlisle Companies Inc.                               | Carlisle Co. Inc 2.75%, Due 03/01/2030                                 | CUSIP: 142339AJ9<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3018996.00   | 0.38%             | 2030-03-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Carlisle Companies Inc.                               | Carlisle Co. Inc 2.20%, Due 03/01/2032                                 | CUSIP: 142339AL4<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |   6550000 | PA      | $5719350.29   | 0.72%             | 2032-03-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Chevron USA Inc                                       | Chevron Corporation 1.018%, Due 08/12/2027                             | CUSIP: 166756AL0<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1102419.47   | 0.14%             | 2027-08-12      | Fixed         | 1.02%                 | No            |                  2 | On Loan: No      |
| Chevron USA Inc                                       | Chevron Corporation 1.995%, Due 05/11/2027                             | CUSIP: 166756AQ9<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2727026.56   | 0.34%             | 2027-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Chevron USA Inc                                       | Chevron Corporation 3.25%, DUE 10/15/2029                              | CUSIP: 166756AS5<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |   7685000 | PA      | $7507287.06   | 0.95%             | 2029-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Chevron Corp.                                         | Chevron Corporation                                                    | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40000 | NS      | $6096400.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                         | Chevron Corporation 1.995%, Due 05/11/2027                             | CUSIP: 166764BX7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1467214.58   | 0.18%             | 2027-05-11      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Cintas Corporation No. 2                              | Cintas Corp No 2 4.00%, Due 05/01/2032                                 | CUSIP: 17252MAQ3<br>LEI: 549300QVUQTTKMTE0G41 | Long             | DBT              | CORP              | US        |   1874000 | PA      | $1836365.62   | 0.23%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cisco Systems, Inc.                                   | CISCO SYSTEMS, INC. 2.95%, DUE 02/28/2026                              | CUSIP: 17275RBC5<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |   2770000 | PA      | $2765328.87   | 0.35%             | 2026-02-28      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Cisco Systems, Inc.                                   | CISCO SYSTEMS, INC. 2.50%, DUE 09/20/2026                              | CUSIP: 17275RBL5<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |   3080000 | PA      | $3051614.01   | 0.38%             | 2026-09-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Cisco Systems, Inc.                                   | Cisco Sys Inc Sr Glbl Nt 4.95% Due 02/26/2031                          | CUSIP: 17275RBS0<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    500000 | PA      | $519113.01    | 0.07%             | 2031-02-26      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Cisco Systems, Inc.                                   | Cisco Sys Inc Sr Glbl Nt 5.05% Due 02/26/2034                          | CUSIP: 17275RBT8<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |   1015000 | PA      | $1046492.49   | 0.13%             | 2034-02-26      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co (The)                                    | Coca-Cola Company (The) 2.125%, Due 09/06/2029                         | CUSIP: 191216CM0<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1460888.39   | 0.18%             | 2029-09-06      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co (The)                                    | Coca-Cola Company (The) 1.45%, Due 06/01/2027                          | CUSIP: 191216CU2<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |   5452000 | PA      | $5291261.52   | 0.67%             | 2027-06-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co (The)                                    | Coca-Cola Company (The) 2.00%, Due 03/05/2031                          | CUSIP: 191216DK3<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1133805.16   | 0.14%             | 2031-03-05      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co (The)                                    | Coca-Cola Company /The 2.25%, due  01/05/2032                          | CUSIP: 191216DP2<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    450000 | PA      | $407215.22    | 0.05%             | 2032-01-05      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co (The)                                    | Coca Cola Co Sr Glbl Nt 4.65% Due 08/14/2034                           | CUSIP: 191216DY3<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |   1292000 | PA      | $1321187.20   | 0.17%             | 2034-08-14      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Colgate-Palmolive Co.                                 | Colgate-Palmolive Co. 3.100%, Due 08/15/2027                           | CUSIP: 194162AN3<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4957997.85   | 0.62%             | 2027-08-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Colgate-Palmolive Co.                                 | COLGATE-PALMOLIVE COMPANY 3.25%, DUE 08/15/2032                        | CUSIP: 194162AP8<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2595824.39   | 0.33%             | 2032-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Colgate-Palmolive Co.                                 | Colgate-Palmolive Company 4.60%, Due 03/01/2033                        | CUSIP: 194162AS2<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | DBT              | CORP              | US        |   2720000 | PA      | $2782947.79   | 0.35%             | 2033-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                | Diamondback Energy, Inc.                                               | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     30200 | NS      | $4539966.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                                           | Ecolab, Inc. 2.700%, DUE 11/01/2026                                    | CUSIP: 278865AV2<br>LEI: 82DYEISM090VG8LTLS26 | Long             | DBT              | CORP              | US        |   6438000 | PA      | $6380001.15   | 0.80%             | 2026-11-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Ecolab Inc.                                           | EcoLab Inc 4.8% DUE 03/24/2030                                         | CUSIP: 278865BE9<br>LEI: 82DYEISM090VG8LTLS26 | Long             | DBT              | CORP              | US        |   1745000 | PA      | $1790761.94   | 0.23%             | 2030-03-24      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Ecolab Inc.                                           | Ecolab, Inc. 1.30%, DUE 01/30/2031                                     | CUSIP: 278865BF6<br>LEI: 82DYEISM090VG8LTLS26 | Long             | DBT              | CORP              | US        |   3080000 | PA      | $2679510.59   | 0.34%             | 2031-01-30      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Ecolab Inc.                                           | Ecolab, Inc. 2.125%, Due 02/01/2032                                    | CUSIP: 278865BM1<br>LEI: 82DYEISM090VG8LTLS26 | Long             | DBT              | CORP              | US        |   5378000 | PA      | $4747885.07   | 0.60%             | 2032-02-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Electronic Arts Inc.                                  | Electronic Arts, Inc. 4.800%, due 3/01/2026                            | CUSIP: 285512AD1<br>LEI: 549300O7A67PUEYKDL45 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5500261.36   | 0.69%             | 2026-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Electronic Arts Inc.                                  | ELECTRONIC ARTS, INC. 1.85%, DUE 02/15/2031                            | CUSIP: 285512AE9<br>LEI: 549300O7A67PUEYKDL45 | Long             | DBT              | CORP              | US        |   5486000 | PA      | $5279625.35   | 0.67%             | 2031-02-15      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| F&G Annuities & Life Inc.                             | F&G Annuities & Life, Inc.                                             | CUSIP: 30190A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9900 | NS      | $305415.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                                     | Exxon Mobil Corporation                                                | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     80000 | NS      | $9627200.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                                     | Exxon Mobil Corporation 2.44%, DUE 08/16/2029                          | CUSIP: 30231GBE1<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    546000 | PA      | $521669.97    | 0.07%             | 2029-08-16      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                                     | Exxon Mobil Corporation 2.61%, Due 10/15/2030                          | CUSIP: 30231GBN1<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    180000 | PA      | $168929.90    | 0.02%             | 2030-10-15      | Fixed         | 2.61%                 | No            |                  2 | On Loan: No      |
| Fastenal Co.                                          | Fastenal Company                                                       | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    200000 | NS      | $8026000.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial, Inc.                     | Fidelity National Financial, Inc.                                      | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |    165000 | NS      | $9007350.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                                      | Genuine Parts Company                                                  | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |     77000 | NS      | $9467920.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                                      | Genuine Parts Company 1.875%, Due 11/01/2030                           | CUSIP: 372460AA3<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |   2429000 | PA      | $2136147.13   | 0.27%             | 2030-11-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Genuine Parts Co                                      | Genuine Parts Company 2.750% Due 02/01/2032                            | CUSIP: 372460AC9<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |    767000 | PA      | $679118.83    | 0.09%             | 2032-02-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Genuine Parts Co                                      | Genuine Parts Company 6.875% Due 11/01/2033                            | CUSIP: 372460AD7<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1268975.93   | 0.16%             | 2033-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Hershey Co. (The)                                     | Hershey Company (The) 2.300%, DUE 08/15/2026                           | CUSIP: 427866AX6<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1981288.64   | 0.25%             | 2026-08-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Hershey Co. (The)                                     | Hershey Company (The) 2.45%, DUE 11/15/2029                            | CUSIP: 427866BD9<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | DBT              | CORP              | US        |   4875000 | PA      | $4600641.39   | 0.58%             | 2029-11-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Hershey Co. (The)                                     | Hershey Company (The) 4.25%, DUE 05/04/2028                            | CUSIP: 427866BH0<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1363064.57   | 0.17%             | 2028-05-04      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc.                          | Honeywell International, Inc. 2.700%, due  08/15/2029                  | CUSIP: 438516BU9<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    650000 | PA      | $620754.28    | 0.08%             | 2029-08-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc.                          | Honeywell International 1.10%, Due 03/01/2027                          | CUSIP: 438516CE4<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    650000 | PA      | $630121.70    | 0.08%             | 2027-03-01      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc.                          | Honeywell International 1.75%, Due 09/01/2031                          | CUSIP: 438516CF1<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    700000 | PA      | $612626.68    | 0.08%             | 2031-09-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc.                          | Honeywell International, Inc. 4.95% Due 02/15/2028                     | CUSIP: 438516CJ3<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    870000 | PA      | $888526.55    | 0.11%             | 2028-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc.                          | Honeywell International, Inc. 5.00% Due 02/15/2023                     | CUSIP: 438516CK0<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |   3512000 | PA      | $3624231.26   | 0.46%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc.                          | Honeywell International 4.500%, Due 01/15/2034                         | CUSIP: 438516CM6<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |   1930000 | PA      | $1916903.25   | 0.24%             | 2034-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc.                          | Honeywell International, Inc. 4.950%, due 09/01/2031                   | CUSIP: 438516CR5<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |   4165000 | PA      | $4309919.93   | 0.54%             | 2031-09-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc.                          | Honeywell International, Inc. 4.750%, due  02/01/2032                  | CUSIP: 438516CZ7<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5108327.45   | 0.64%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Hormel Foods Corp                                     | HORMEL FOODS CORP 1.8% DUE 06/11/2030                                  | CUSIP: 440452AF7<br>LEI: MSD54751OJP1FS2ND863 | Long             | DBT              | CORP              | US        |   5100000 | PA      | $4608120.20   | 0.58%             | 2030-06-11      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Hormel Foods Corp                                     | HORMEL FOODS CORP 1.7%, DUE 06/03/2028                                 | CUSIP: 440452AH3<br>LEI: MSD54751OJP1FS2ND863 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1757600.21   | 0.22%             | 2028-06-03      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Hubbell Incorporated                                  | Hubbell, Inc. 3.15%, Due 08/15/2027                                    | CUSIP: 443510AH5<br>LEI: 54930088VDQ6840Y6597 | Long             | DBT              | CORP              | US        |   5632000 | PA      | $5562054.28   | 0.70%             | 2027-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Hubbell Incorporated                                  | Hubbell, Inc. 2.30%, Due 03/15/2031                                    | CUSIP: 443510AK8<br>LEI: 54930088VDQ6840Y6597 | Long             | DBT              | CORP              | US        |   1670000 | PA      | $1522554.45   | 0.19%             | 2031-03-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Illinois Tool Works Inc.                              | ILLINOIS TOOL WORKS INC 2.65%, DUE 11/15/2026                          | CUSIP: 452308AX7<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | DBT              | CORP              | US        |  10601000 | PA      | $10504249.76  | 1.32%             | 2026-11-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corporation                            | KIMBERLY-CLARK CORPORATION 2.75% , DUE 02/15/2026                      | CUSIP: 494368BU6<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | DBT              | CORP              | US        |   2648000 | PA      | $2643688.29   | 0.33%             | 2026-02-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corporation                            | Kimberly-Clark Corporation 3.95%, Due 11/01/2028                       | CUSIP: 494368BY8<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | DBT              | CORP              | US        |   1665000 | PA      | $1669345.65   | 0.21%             | 2028-11-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corporation                            | Kimberly-Clark Corporation 3.20%, Due 4/25/2029                        | CUSIP: 494368BZ5<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | DBT              | CORP              | US        |   1397000 | PA      | $1364087.15   | 0.17%             | 2029-04-25      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corporation                            | Kimberly-Clark Corporation 3.10%, Due 3/26/2030                        | CUSIP: 494368CB7<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | DBT              | CORP              | US        |    609000 | PA      | $586741.14    | 0.07%             | 2030-03-26      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corporation                            | Kimberly-Clark Corporation 1.05%, Due 09/15/2027                       | CUSIP: 494368CC5<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1816963.01   | 0.23%             | 2027-09-15      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corporation                            | KIMBERLY-CLARK CORPORATION 2.00%, Due 11/02/2031                       | CUSIP: 494368CD3<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | DBT              | CORP              | US        |   6109000 | PA      | $5511711.04   | 0.69%             | 2031-11-02      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| L3 Harris Technologies Inc                            | L3 Harris Technologies, Inc. 1.800%, Due 01/15/2031                    | CUSIP: 502431AN9<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   4809000 | PA      | $4248253.00   | 0.54%             | 2031-01-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| L3 Harris Technologies Inc                            | L3 Harris Technologies, Inc. 5.40%, Due 07/31/2033                     | CUSIP: 502431AQ2<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   5147000 | PA      | $5369018.16   | 0.68%             | 2033-07-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| L3 Harris Technologies Inc                            | L3 Harris Technologies, Inc. 5.05%, Due 06/01/2029                     | CUSIP: 502431AS8<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1541489.51   | 0.19%             | 2029-06-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| L3 Harris Technologies Inc                            | L3 Harris Technologies, Inc. 5.25%, Due 06/01/2031                     | CUSIP: 502431AT6<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   1147000 | PA      | $1194244.49   | 0.15%             | 2031-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| L3 Harris Technologies Inc                            | L3 Harris Technologies, Inc. 5.35%, Due 06/01/2034                     | CUSIP: 502431AU3<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1477620.12   | 0.19%             | 2034-06-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corporation                           | Lockheed Martin Corporation                                            | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     17000 | NS      | $8222390.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation                           | LOCKHEED MARTIN CORPORATION 3.55%, DUE 01/15/2026                      | CUSIP: 539830BH1<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |   3848000 | PA      | $3847584.03   | 0.48%             | 2026-01-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corporation                           | LOCKHEED MARTIN CORPORATION 1.85%, DUE 06/15/2030                      | CUSIP: 539830BP3<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $907306.80    | 0.11%             | 2030-06-15      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corporation                           | LOCKHEED MARTIN CORPORATION 5.10%, DUE 11/15/2027                      | CUSIP: 539830BV0<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |   3057000 | PA      | $3130956.26   | 0.39%             | 2027-11-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corporation                           | Lockheed Martin Corporation 5.25%, Due 01/15/2033                      | CUSIP: 539830BW8<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |   2560000 | PA      | $2694149.17   | 0.34%             | 2033-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corporation                           | Lockheed Martin Corporation 4.45%, Due 05/15/2028                      | CUSIP: 539830BZ1<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1012291.55   | 0.13%             | 2028-05-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corporation                           | LOCKHEED MARTIN CORPORATION 4.75%, DUE 02/15/2034                      | CUSIP: 539830CA5<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    650000 | PA      | $660297.02    | 0.08%             | 2034-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                 | Lowe's Companies, Inc. 2.50%, Due 04/15/2026                           | CUSIP: 548661DM6<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2987859.81   | 0.38%             | 2026-04-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                 | LOWE'S COMPANIES, INC. 3.100%, DUE 05/03/2027                          | CUSIP: 548661DP9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   9050000 | PA      | $8950619.78   | 1.13%             | 2027-05-03      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                 | Lowe's Companies, Inc. 7.785% Due 03/01/2027                           | CUSIP: 548661DX2<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    400000 | PA      | $377289.87    | 0.05%             | 2028-04-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                 | Lowe's Companies, Inc. 1.70%, Due 10/15/2030                           | CUSIP: 548661DY0<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    925000 | PA      | $822263.31    | 0.10%             | 2030-10-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                 | Lowes Cos. Inc. 2.625%, Due 04/01/2031                                 | CUSIP: 548661EA1<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    300000 | PA      | $275597.64    | 0.03%             | 2031-04-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                 | Lowe's Companies, Inc. 3.75%, Due 04/01/2032                           | CUSIP: 548661EH6<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3838413.60   | 0.48%             | 2032-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                 | LOWES COS INC 4.25%, Due 03/15/2031                                    | CUSIP: 548661EV5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199369.10    | 0.03%             | 2031-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MasterCard Incorporated                               | Mastercard, Inc. 2.950%, Due 11/21/2026                                | CUSIP: 57636QAG9<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1986879.82   | 0.25%             | 2026-11-21      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| MasterCard Incorporated                               | Mastercard, Inc. 3.500%, Due 02/26/2028                                | CUSIP: 57636QAJ3<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    450000 | PA      | $448692.41    | 0.06%             | 2028-02-26      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MasterCard Incorporated                               | MASTERCARD INCORPORATED 3.35%, Due 03/26/2030                          | CUSIP: 57636QAP9<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1466222.18   | 0.18%             | 2030-03-26      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| MasterCard Incorporated                               | Mastercard Inc. 3.3% DUE 03/26/2027                                    | CUSIP: 57636QAR5<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2139220.89   | 0.27%             | 2027-03-26      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| MasterCard Incorporated                               | Mastercard Incorporated 2.00%, Due 11/18/2031                          | CUSIP: 57636QAU8<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |   6217000 | PA      | $5545177.99   | 0.70%             | 2031-11-18      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MasterCard Incorporated                               | Mastercard Incorporated 4.85%, Due 03/09/2033                          | CUSIP: 57636QAX2<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |   4100000 | PA      | $4221592.14   | 0.53%             | 2033-03-09      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| MasterCard Incorporated                               | Mastercard Incorporated 4.875%, Due 05/09/2034                         | CUSIP: 57636QAZ7<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2567125.00   | 0.32%             | 2034-05-09      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MasterCard Incorporated                               | MASTERCARD INCORPORATED 4.35%, Due 01/15/2032                          | CUSIP: 57636QBB9<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    950000 | PA      | $956231.45    | 0.12%             | 2032-01-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Money Market Obligations Trust                        | Federated Government Obligations Tax-Managed Fund Institutional Shares | CUSIP: 60934N856<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |  39089657 | PA      | $39089657.17  | 4.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Moodys Corp.                                          | Moody's Corporation 3.250%, DUE 01/15/2028                             | CUSIP: 615369AM7<br>LEI: 549300GCEDD8YCF5WU84 | Long             | DBT              | CORP              | US        |   4706000 | PA      | $4643977.60   | 0.59%             | 2028-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Moodys Corp.                                          | Moody's Corporation 4.250%, due 02/01/29                               | CUSIP: 615369AP0<br>LEI: 549300GCEDD8YCF5WU84 | Long             | DBT              | CORP              | US        |   5289000 | PA      | $5324410.81   | 0.67%             | 2029-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Moodys Corp.                                          | Moodys Corporation 2.000%, Due 08/19/2031                              | CUSIP: 615369AW5<br>LEI: 549300GCEDD8YCF5WU84 | Long             | DBT              | CORP              | US        |   1017000 | PA      | $904665.01    | 0.11%             | 2031-08-19      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Moodys Corp.                                          | Moody's Corporation 4.25% Due 08/08/2032                               | CUSIP: 615369AZ8<br>LEI: 549300GCEDD8YCF5WU84 | Long             | DBT              | CORP              | US        |   2853000 | PA      | $2819041.17   | 0.36%             | 2032-08-08      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc.                              | O'Reilly Automotive, Inc 3.90%, Due 06/01/2029                         | CUSIP: 67103HAH0<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |   2767000 | PA      | $2744736.11   | 0.35%             | 2029-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc.                              | O'Reilly Automotive, Inc 4.20%, Due 04/01/2030                         | CUSIP: 67103HAJ6<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    400000 | PA      | $399193.90    | 0.05%             | 2030-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc.                              | O'Reilly Automotive, Inc 1.750%, Due 03/15/2031                        | CUSIP: 67103HAK3<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    500000 | PA      | $438523.36    | 0.06%             | 2031-03-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc.                              | O'Reilly Automotive, Inc 4.70%, Due 06/15/2032                         | CUSIP: 67103HAL1<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |   8150000 | PA      | $8233585.91   | 1.04%             | 2032-06-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc.                              | O'Reilly Automotive, Inc 5.000%, Due 08/19/2034                        | CUSIP: 67103HAN7<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    826000 | PA      | $833745.63    | 0.11%             | 2034-08-19      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                     | PNC Financial Services 3.15%, Due 05/19/27                             | CUSIP: 693475AT2<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    400000 | PA      | $396293.54    | 0.05%             | 2027-05-19      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| PNC Bank National Association Pittsburgh Pennsylvania | PNC Bank 3.250%, Due 01/22/2028                                        | CUSIP: 69353RFJ2<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   4380000 | PA      | $4333503.76   | 0.55%             | 2028-01-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Paccar Financial Corp                                 | PACCAR FINANCIAL CORP 1.100%, DUE 05/11/2026                           | CUSIP: 69371RR32<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |    835000 | PA      | $826656.16    | 0.10%             | 2026-05-11      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| Paccar Financial Corp                                 | PACCAR FINL CORP 2.000%, Due 02/04/2027                                | CUSIP: 69371RR65<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |    500000 | PA      | $490710.93    | 0.06%             | 2027-02-04      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Paccar Financial Corp                                 | PACCAR FINANCIAL CORP 4.60%, DUE 01/10/2028                            | CUSIP: 69371RS31<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1069084.37   | 0.13%             | 2028-01-10      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Pioneer Natural Resources Company                     | Pioneer Natural Resources 7.2% Due 01/15/2028                          | CUSIP: 723787AB3<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |   1936000 | PA      | $2054785.97   | 0.26%             | 2028-01-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Pioneer Natural Resources Company                     | Pioneer Natural Resources 1.900% DUE 08/15/2030                        | CUSIP: 723787AQ0<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |    530000 | PA      | $480448.35    | 0.06%             | 2030-08-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Pioneer Natural Resources Company                     | Pioneer Natural Resources 1.1255, due 01/15/26                         | CUSIP: 723787AT4<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |   2578000 | PA      | $2575245.05   | 0.32%             | 2026-01-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| RPM International Inc.                                | RPM INTERNATIONAL, INC. 3.75%, DUE 03/15/2027                          | CUSIP: 749685AV5<br>LEI: 549300TJCKW4BRXPJ474 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1244332.68   | 0.16%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Ross Stores Inc                                       | Ross Stores, Inc. 4.70%, Due 04/15/2027                                | CUSIP: 778296AC7<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1307210.63   | 0.16%             | 2027-04-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Ross Stores Inc                                       | Ross Stores, Inc. 0.875%, DUE 04/15/2026                               | CUSIP: 778296AF0<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | DBT              | CORP              | US        |   5255000 | PA      | $5208601.24   | 0.66%             | 2026-04-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Ross Stores Inc                                       | Ross Stores Inc 1.875%, Due 04/15/2031                                 | CUSIP: 778296AG8<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | DBT              | CORP              | US        |   4115000 | PA      | $3627516.90   | 0.46%             | 2031-04-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| S&P Global Inc                                        | S&P Global, Inc. 2.95%, Due 01/22/2027                                 | CUSIP: 78409VAM6<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |   3675000 | PA      | $3641134.43   | 0.46%             | 2027-01-22      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| S&P Global Inc                                        | S&P Global, Inc. 2.50%, Due 12/01/2029                                 | CUSIP: 78409VAP9<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    700000 | PA      | $660271.73    | 0.08%             | 2029-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| S&P Global Inc                                        | S&P Global, Inc. 1.25%, Due 08/15/2030                                 | CUSIP: 78409VAS3<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2287551.89   | 0.29%             | 2030-08-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| S&P Global Inc                                        | S&P Global, Inc. 4.75%, Due 08/01/2028                                 | CUSIP: 78409VBF0<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |   1115000 | PA      | $1136090.69   | 0.14%             | 2028-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| S&P Global Inc                                        | S&P Global, Inc. 4.25% Due 05/01/2029                                  | CUSIP: 78409VBG8<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    427000 | PA      | $429538.41    | 0.05%             | 2029-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| S&P Global Inc                                        | S&P Global, Inc. 2.45%, Due 03/01/2027                                 | CUSIP: 78409VBH6<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2952557.19   | 0.37%             | 2027-03-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| S&P Global Inc                                        | S&P Global, Inc. 2.90%, Due 03/01/2032                                 | CUSIP: 78409VBK9<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |   2834000 | PA      | $2616673.01   | 0.33%             | 2032-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| S&P Global Inc                                        | S&P Global, Inc. 5.25%, Due 09/15/2033                                 | CUSIP: 78409VBQ6<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |   2396000 | PA      | $2520897.47   | 0.32%             | 2033-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SBA Communications Corp.                              | SBA Communications Corporation                                         | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |     15000 | NS      | $2901450.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| The J M Smucker Company                               | J.M. Smucker Company (The) 3.375%, Due 12/15/2027                      | CUSIP: 832696AR9<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3714000.45   | 0.47%             | 2027-12-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| The J M Smucker Company                               | The JM Smucker Company 2.125% Due 03/15/2032                           | CUSIP: 832696AU2<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1257019.08   | 0.16%             | 2032-03-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Stryker Corporation                                   | STRYKER CORPORATION 3.50%, DUE 03/15/2026                              | CUSIP: 863667AN1<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |   1404000 | PA      | $1402670.43   | 0.18%             | 2026-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Stryker Corporation                                   | Stryker Corp. 3.65%, due 03/07/2028                                    | CUSIP: 863667AQ4<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    500000 | PA      | $497295.27    | 0.06%             | 2028-03-07      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Stryker Corporation                                   | Stryker Corp. 1.95%, Due 06/15/2030                                    | CUSIP: 863667AY7<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |   3795000 | PA      | $3448541.51   | 0.43%             | 2030-06-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Stryker Corporation                                   | Styker Corporation 4.85% Due 12/08/2028                                | CUSIP: 863667BC4<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    325000 | PA      | $332823.19    | 0.04%             | 2028-12-08      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Stryker Corporation                                   | Stryker Corporation 4.625%, Due 09/11/2034                             | CUSIP: 863667BF7<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |   3321000 | PA      | $3306670.88   | 0.42%             | 2034-09-11      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| The TJX Companies Inc.                                | TJX Companies, Inc. (The) 2.250%, Due 09/15/2026                       | CUSIP: 872540AQ2<br>LEI: V167QI9I69W364E2DY52 | Long             | DBT              | CORP              | US        |   3226000 | PA      | $3193422.95   | 0.40%             | 2026-09-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| The TJX Companies Inc.                                | TJX Companies, Inc. 3.875%, Due 04/15/2030                             | CUSIP: 872540AT6<br>LEI: V167QI9I69W364E2DY52 | Long             | DBT              | CORP              | US        |   2902000 | PA      | $2892769.17   | 0.36%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| The TJX Companies Inc.                                | TJX Companies, Inc. (The) 1.150%, Due 05/15/2028                       | CUSIP: 872540AV1<br>LEI: V167QI9I69W364E2DY52 | Long             | DBT              | CORP              | US        |   3276000 | PA      | $3079900.64   | 0.39%             | 2028-05-15      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| The TJX Companies Inc.                                | TJX COMPANIES, INC. 1.600%, Due 05/15/2031                             | CUSIP: 872540AW9<br>LEI: V167QI9I69W364E2DY52 | Long             | DBT              | CORP              | US        |   5263000 | PA      | $4626891.40   | 0.58%             | 2031-05-15      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Texas Instruments Inc.                                | Texas Instruments, Inc.                                                | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     47000 | NS      | $8154030.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.                                | Texas Instruments, Inc. 1.75%, DUE 05/04/2030                          | CUSIP: 882508BJ2<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |    380000 | PA      | $346187.18    | 0.04%             | 2030-05-04      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Texas Instruments Inc.                                | Texas Instruments, Inc. 1.900%, Due 09/15/2031                         | CUSIP: 882508BL7<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1777139.54   | 0.22%             | 2031-09-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Texas Instruments Inc.                                | Texas Instruments, Inc. 3.65%, Due 08/16/2032                          | CUSIP: 882508BP8<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |   1293000 | PA      | $1243974.28   | 0.16%             | 2032-08-16      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Texas Instruments Inc.                                | Texas Instruments, Inc. 4.900%, Due 03/14/2033                         | CUSIP: 882508CB8<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1446798.19   | 0.18%             | 2033-03-14      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Texas Instruments Inc.                                | Texas Instruments, Inc. 4.850%, Due 02/08/2034                         | CUSIP: 882508CH5<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |   2947000 | PA      | $3027510.07   | 0.38%             | 2034-02-08      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Texas Instruments Inc.                                | Texas Instruments, Inc. 4.500%, Due 05/23/2030                         | CUSIP: 882508CK8<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3050534.25   | 0.38%             | 2030-05-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Texas Pacific Land Corporation                        | Texas Pacific Land Corporation                                         | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21000 | NS      | $6031620.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                                     | Tractor Supply Company 1.75% Due 11/01/2030                            | CUSIP: 892356AA4<br>LEI: 549300OJ9VZHZRO6I137 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1351920.43   | 0.17%             | 2030-11-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Tractor Supply Co                                     | Tractor Supply Co. 5.25%, Due 5/15/2033                                | CUSIP: 892356AB2<br>LEI: 549300OJ9VZHZRO6I137 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2692436.32   | 0.34%             | 2033-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Truist Bank (North Carolina)                          | Truist Financial Corp. 2.25% due 03/11/2030                            | CUSIP: 89788KAA4<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    900000 | PA      | $825007.86    | 0.10%             | 2030-03-11      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                | Truist Financial Corporation                                           | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    225000 | NS      | $11072250.00  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.                           | United Parcel Service, Inc. 2.400%, DUE 11/15/2026                     | CUSIP: 911312AY2<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |   1869000 | PA      | $1847478.80   | 0.23%             | 2026-11-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                           | UNITED PARCEL SERVICE INCORPORATED 4.45%, DUE 04/01/2030               | CUSIP: 911312BY1<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    740000 | PA      | $753798.30    | 0.09%             | 2030-04-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                           | United Parcel Service, Inc. 5.150%, DUE 05/22/2034                     | CUSIP: 911312CD6<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |   3650000 | PA      | $3797019.74   | 0.48%             | 2034-05-22      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                          | U.S. Treasury Inflation-Protected Notes 2.00%, Due 01/15/2026          | CUSIP: 912810FS2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4921140 | PA      | $4912105.08   | 0.62%             | 2026-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | U.S. Treasury Inflationary Note 0.375%, Due 07/15/2027                 | CUSIP: 9128282L3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8651240 | PA      | $8552901.87   | 1.08%             | 2027-07-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | U.S. Treasury Inflation-Protected Notes 0.50%, Due 01/15/2028          | CUSIP: 9128283R9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6599600 | PA      | $6486013.43   | 0.82%             | 2028-01-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | US Treasury Inflation Indexed 0.625%, DUE 01/15/2026                   | CUSIP: 912828N71<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6851050 | PA      | $6834992.85   | 0.86%             | 2026-01-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | U.S. Treasury Inflation-Protected Security 0.375%, due 01/15/27        | CUSIP: 912828V49<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5256498 | PA      | $5192472.96   | 0.65%             | 2027-01-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | US Treasury Inflation Indexed 0.750%, DUE 07/15/2028                   | CUSIP: 912828Y38<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3242600 | PA      | $3205690.81   | 0.40%             | 2028-07-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | US Treasury Inflation-Protected Note 0.125%, Due 04/15/2026            | CUSIP: 91282CCA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6207400 | PA      | $6153570.17   | 0.78%             | 2026-04-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | U.S. Treasury Notes 1.25%, Due 09/30/2028                              | CUSIP: 91282CCY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9409765.60   | 1.19%             | 2028-09-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | U.S. Treasury Notes 3.25%, Due 02/15/2030                              | CUSIP: 91282CEV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9891015.60   | 1.25%             | 2029-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | U.S. Treasury Notes 4.125%, Due 9/30/2027                              | CUSIP: 91282CFM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10108203.10  | 1.27%             | 2027-09-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | U.S. Treasury Notes 4.00, Due 10/31/2029                               | CUSIP: 91282CFT3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10137109.40  | 1.28%             | 2029-10-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | U.S. Treasury Notes 4.125, Due 11/15/2032                              | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10129687.50  | 1.28%             | 2032-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | US T-NOTE 3.5% due 02/15/2033                                          | CUSIP: 91282CGM7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9733984.40   | 1.23%             | 2033-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | UNITED STATES TREAS NTS  4% 02/29/28                                   | CUSIP: 91282CGP0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10106250.00  | 1.27%             | 2028-02-29      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | UNITED STATES TREAS NTS 4.00% Due 02/28/2030                           | CUSIP: 91282CGQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10134765.60  | 1.28%             | 2030-02-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | US T-NOTE 3.375%, DUE 05/15/2033                                       | CUSIP: 91282CHC8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9629687.50   | 1.21%             | 2033-05-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | U.S. Treasury Notes 3.75%, Due 05/31/2030                              | CUSIP: 91282CHF1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10032812.50  | 1.26%             | 2030-05-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | U.S. Treasury Notes 4.125%, Due 07/31/2028                             | CUSIP: 91282CHQ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10151953.10  | 1.28%             | 2028-07-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | US TNOTE 3.875% DUE 08/15/2033                                         | CUSIP: 91282CHT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9933984.40   | 1.25%             | 2033-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | United States Treasury Note/Bond 4.625%, Due 09/30/30                  | CUSIP: 91282CHZ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10400781.20  | 1.31%             | 2030-09-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | United States Treasury Note 4.5%, Due 11/15/2023                       | CUSIP: 91282CJJ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10343359.40  | 1.30%             | 2033-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | U.S. Treasury Notes 4.25%, Due 01/31/2026                              | CUSIP: 91282CJV4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10003980.40  | 1.26%             | 2026-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | U.S. Treasury Notes 4.125%, Due 03/31/2031                             | CUSIP: 91282CKF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10180468.80  | 1.28%             | 2031-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | U.S. Treasury Notes 4.25%, Due 6/30/2029                               | CUSIP: 91282CKX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10216406.20  | 1.29%             | 2029-06-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | UNITED STATES TREAS NTS 4.125% Due 07/31/2031                          | CUSIP: 91282CLD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10174218.80  | 1.28%             | 2031-07-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | US T-NOTE 12/31/2031 4.5%, due 12/31/2031                              | CUSIP: 91282CMC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10361718.80  | 1.31%             | 2031-12-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | UNITED STATES TREASURY NOTE 4.375%, Due 01/31/2032                     | CUSIP: 91282CMK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10291406.20  | 1.30%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | U.S. Treasury Notes 4.125, Due 05/31/2032                              | CUSIP: 91282CNF4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10145312.50  | 1.28%             | 2032-05-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | U.S. Treasury Notes 4.00, Due 07/31/2032                               | CUSIP: 91282CNR8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10066796.90  | 1.27%             | 2032-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Visa Inc                                              | VISA, INC. 2.75%, DUE 09/15/2027                                       | CUSIP: 92826CAH5<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |   6051000 | PA      | $5978786.58   | 0.75%             | 2027-09-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Visa Inc                                              | Visa Inc. 1.90%, Due 04/15/2027                                        | CUSIP: 92826CAL6<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |   3854000 | PA      | $3775122.15   | 0.48%             | 2027-04-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Watsco Inc                                            | Watsco, Inc.                                                           | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |     30000 | NS      | $10108500.00  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| The Western Union Company                             | Western Union Company (The)                                            | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |   1000000 | NS      | $9310000.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc.                                           | Zoetis Inc. 2.0%, Due 05/15/2030                                       | CUSIP: 98978VAS2<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $961473.62    | 0.12%             | 2030-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Zoetis Inc.                                           | Zoetis Inc. 5.60%, Due 11/16/2032                                      | CUSIP: 98978VAV5<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |    815000 | PA      | $867125.76    | 0.11%             | 2032-11-16      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Europacific Partners PLC                    | Coca-Cola Europacific Partners plc                                     | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |    150000 | NS      | $13605000.00  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

**Name of Applicant:** Ave Maria Bond Fund

**Signature:** Daniel D. Bauer

**Name of Signer:** Daniel D. Bauer

**Title:** VP, Fund Accounting