# EDGAR Filing Document

**Accession Number:** 0001750821
**File Stem:** 0001752724-25-181804
**Filing Date:** 2025-7
**Character Count:** 107327
**Document Hash:** 811c69b6426f2edd5928199eeed4158b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-181804.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001752724-25-181804

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Exchange Place Advisors Trust
- **CENTRAL INDEX KEY:** 0001750821

**ORGANIZATION NAME:**
- **EIN:** 462828241
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23373
- **FILM NUMBER:** 251159281

**BUSINESS ADDRESS:**
- **STREET 1:** 10 SOUTH LASALLE STREET, SUITE 1925
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603
- **BUSINESS PHONE:** (312) 857-2160

**MAIL ADDRESS:**
- **STREET 1:** 10 SOUTH LASALLE STREET, SUITE 1925
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** North Square Investments Trust
- **DATE OF NAME CHANGE:** 20180821

## Series and Classes Contracts Data

### North Square Strategic Income Fund (Series ID: S000067945)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000217841 | Class A      | ADVAX           |
| C000217842 | Class I      | ADVNX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Exchange Place Advisors Trust

- **b. Investment Company Act file number:** 811-23373

- **c. CIK number of Registrant:** 0001750821

- **d. LEI of Registrant:** 549300K2CKCXH4E67T58

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

  - **Street Address 1:** 200 West Madison St

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-857-2160

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

- **a. Name of Series:** NORTH SQUARE STRATEGIC INCOME FUND

- **b. EDGAR series identifier (if any):** S000067945

- **c. LEI of Series:** 549300CK62QE77H6G155

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

- **a. Date of fiscal year-end:** 2025-05-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $462772196.63

**Total Liabilities:** $5517521.61

**Net Assets:** $457254675.02

**Cash Not Reported:** $6825142.97

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 592.17632526 | **1-Year:** 4777.44069537 | **5-Year:** 46845.46291307 | **10-Year:** 87929.25616871 | **30-Year:** 2253.85659412

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

- **3-Month:** 849.22984369 | **1-Year:** 4067.66347693 | **5-Year:** 5754.32467577 | **10-Year:** 6026.44453016 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000217841 | -3.05%               | -1.41%               | -4.14%               |
| Class ID C000217842 | 0.75%                | 2.44%                | -0.35%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3322699.87             | $-425579.98                                |
| Month 2  | $-3483419.92             | $2754064.96                                |
| Month 3  | $18509857.63             | $-103123.87                                |

**Designated Index Information**

- **Index Name:** NS STRATEGIC INCOME FUND

- **Index Identifier:** 6111

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3132DQQ33<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2540975 | PA      | $2534222.73   | 0.55%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Multifamily Structured Pass Through                       | CUSIP: 3137BRQL2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        | 151268963 | PA      | $1386138.01   | 0.30%             | 2026-07-25      | Variable      | 1.28%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3132DUY76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1928822 | PA      | $1954057.70   | 0.43%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Rogers Communications Inc.                                                               | Rogers Communications Inc                                             | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | US        |   3975000 | PA      | $3982776.17   | 0.87%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Emera Inc                                                                                | Emera, Inc.                                                           | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |   2500000 | PA      | $2518530.00   | 0.55%             | 2076-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                           | Citigroup, Inc.                                                       | CUSIP: 172967NB3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2679214.45   | 0.59%             | N/A             | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 31427MMW8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1937705 | PA      | $1883199.76   | 0.41%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3132DT4L1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2054399 | PA      | $2093239.39   | 0.46%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                    | Fannie Mae-Aces                                                       | CUSIP: 3136BBTB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1261548 | PA      | $1191717.09   | 0.26%             | 2028-09-25      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                | AerCap Ireland Capital DAC                                            | CUSIP: 00774MBQ7<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1976359.86   | 0.43%             | 2056-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Hexcel Corporation                                                                       | Hexcel Corp                                                           | CUSIP: 428291AN8<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |    700000 | PA      | $692058.22    | 0.15%             | 2027-02-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST                                                      | Citigroup Commercial Mortgage Trust 2020-555                          | CUSIP: 17328EAQ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  72000000 | PA      | $2210241.60   | 0.48%             | 2029-12-10      | Variable      | 0.86%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3132DQWL6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2955125 | PA      | $2872322.12   | 0.63%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fremf 2012 Kf01 Mortgage Trust                                                           | FREMF 2016-K59 Mortgage Trust                                         | CUSIP: 30295RAN1<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        | 281505054 | PA      | $237336.91    | 0.05%             | 2049-11-25      | Fixed         | 0.10%                 | Yes           |                  2 | On Loan: No      |
| Carlisle Companies Inc.                                                                  | Carlisle Cos., Inc.                                                   | CUSIP: 142339AL4<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |    850000 | PA      | $709764.23    | 0.16%             | 2032-03-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | Fannie Mae Pool                                                       | CUSIP: 3140XRLD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3961372 | PA      | $4007392.96   | 0.88%             | 2054-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                                                                | COMM 2010-C1 Mortgage Trust                                           | CUSIP: 12622DAK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3794550 | PA      | $3735319.68   | 0.82%             | 2046-07-10      | Variable      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage Association                              | CUSIP: 38380RQU7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   7011771 | PA      | $515604.28    | 0.11%             | 2063-05-16      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | Fannie Mae Pool                                                       | CUSIP: 3140W0AN5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1075624 | PA      | $1086996.89   | 0.24%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Exchange Place Advisors Trust                                                            | North Square RCIM Tax-Advantaged  Preferred and Income Securities ETF | CUSIP: 301471108<br>LEI: 549300K2CKCXH4E67T58 | Long             | EC               | RF                | US        |    100000 | NS      | $2501050.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp.                                                                       | Kinross Gold Corp.                                                    | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |    232066 | NS      | $3422973.50   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep N.V.                                                                           | ING Groep NV                                                          | CUSIP: 456837AY9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   4385000 | PA      | $4050514.44   | 0.89%             | N/A             | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust                                                           | Long Beach Mortgage Loan Trust 2005-1                                 | CUSIP: 542514KC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    693708 | PA      | $681678.28    | 0.15%             | 2035-02-25      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                       | T-Mobile USA Inc                                                      | CUSIP: 87264ACB9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $930386.57    | 0.20%             | 2031-02-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST                                                      | Citigroup Commercial Mortgage Trust Series 2014-GC23, Class D         | CUSIP: 17322VAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2301553 | PA      | $2189495.80   | 0.48%             | 2047-07-10      | Variable      | 4.74%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool SD3662                                               | CUSIP: 3132E0B76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2752070 | PA      | $2743869.78   | 0.60%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ameriquest Mortgage Securities Inc Asset Backed Pass-Through Certificates Series 2005-R7 | Asset-Backed Pass-Through Certs Series 2004-R2                        | CUSIP: 03072SPH2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    111631 | PA      | $111146.97    | 0.02%             | 2034-04-25      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137FTG43<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   7570000 | PA      | $572894.57    | 0.13%             | 2030-04-25      | Variable      | 1.91%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | UMBS Fannie Mae Pool                                                  | CUSIP: 3140NCTZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2249753 | PA      | $2192842.72   | 0.48%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage Association                              | CUSIP: 38380MYE5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  36488439 | PA      | $3134743.66   | 0.69%             | 2060-11-16      | Variable      | 1.08%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                         | NRG Energy, Inc.                                                      | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4406756.00   | 0.96%             | N/A             | Fixed         | 10.25%                | Yes           |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                                 | Lloyds Banking Group PLC                                              | CUSIP: 539439AU3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2009306.00   | 0.44%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Ginnie Mae II Pool                                                    | CUSIP: 36179XS98<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4780181 | PA      | $4279165.44   | 0.94%             | 2053-02-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Cadence Design Systems, Inc.                                                             | Cadence Design Systems Inc                                            | CUSIP: 127387AP3<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | DBT              | CORP              | US        |    800000 | PA      | $778180.36    | 0.17%             | 2034-09-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage A                                        | CUSIP: 36179XXY7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2044554 | PA      | $1715555.73   | 0.38%             | 2053-04-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                                   | Bloomberg IG Duration Hedged Credit Futures                           | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DE               | CORP              | US        |      -150 | NS      | $-175850.00   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                                                                 | AT&T, Inc.                                                            | CUSIP: 00206RMM1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $905105.32    | 0.20%             | 2033-12-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                              | Capital One Financial Corp                                            | CUSIP: 14040HDL6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   4750000 | PA      | $4772164.36   | 1.04%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3132DWEQ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3889500 | PA      | $3453930.94   | 0.76%             | 2052-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NetApp Inc.                                                                              | NetApp Inc                                                            | CUSIP: 64110DAK0<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | DBT              | CORP              | US        |    850000 | PA      | $766124.42    | 0.17%             | 2030-06-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                             | United States Treasury Note/Bond                                      | CUSIP: 91282CLX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2885000 | PA      | $2901397.16   | 0.63%             | 2027-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MetLife Inc.                                                                             | MetLife Inc                                                           | CUSIP: 59156RCA4<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4967796.00   | 1.09%             | N/A             | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                              | Capital One Financial Corp                                            | CUSIP: 14040HCF0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2919712.20   | 0.64%             | N/A             | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                                                               | Constellation Brands Inc                                              | CUSIP: 21036PBL1<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    675000 | PA      | $662509.01    | 0.14%             | 2032-05-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137BKH29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  22438804 | PA      | $810671.35    | 0.18%             | 2033-07-25      | Variable      | 0.93%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Ginnie Mae II Pool                                                    | CUSIP: 36179XS72<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5617980 | PA      | $4748980.05   | 1.04%             | 2053-02-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Ginnie Mae II Pool                                                    | CUSIP: 36179XVM5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3210765 | PA      | $2694105.69   | 0.59%             | 2053-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Vistra Corp                                                                              | Vistra Corp                                                           | CUSIP: 92840MAD4<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |   3040000 | PA      | $3272967.36   | 0.72%             | N/A             | Fixed         | 8.87%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3132E06G2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   4978175 | PA      | $5143533.41   | 1.12%             | 2053-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | Fannie Mae Pool                                                       | CUSIP: 3140QPR90<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1932219 | PA      | $1646576.84   | 0.36%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Southern Co.                                                                             | Southern Co./The                                                      | CUSIP: 842587EB9<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   4400000 | PA      | $4482790.40   | 0.98%             | 2055-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| J P Morgan Chase Commercial Mortgage Securities Trust 2019-MFP                           | J.P. Morgan Chase Commercial Mortgage                                 | CUSIP: 46651MAN6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2970000 | PA      | $2825089.54   | 0.62%             | 2036-07-15      | Floating      | 6.54%                 | Yes           |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | Fannie Mae Pool                                                       | CUSIP: 3140XRLY9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4769960 | PA      | $4524977.35   | 0.99%             | 2054-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Aegis Asset Backed Securities Trust Mortgage Pass Through Certificates Series 2003 3     | Aegis Asset Backed Securities Trust 2005-2                            | CUSIP: 00764MFD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    863734 | PA      | $826382.75    | 0.18%             | 2035-06-25      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                                   | CBT Ultra 10-Year US Treasury Note Futures                            | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DCO              | CORP              | US        |       271 | NS      | $28729.63     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                                                                    | Cardinal Health Inc                                                   | CUSIP: 14149YBP2<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    750000 | PA      | $757556.48    | 0.17%             | 2034-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Acuity Brands Lighting, Inc.                                                             | Acuity Brands Lighting Inc                                            | CUSIP: 00510RAD5<br>LEI: 549300OTPVPFLUC38K21 | Long             | DBT              | CORP              | US        |    850000 | PA      | $736946.86    | 0.16%             | 2030-12-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co, Inc.                                                         | American Electric Power Co Inc                                        | CUSIP: 025537BA8<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2050078.00   | 0.45%             | 2054-12-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137FWHX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   3332000 | PA      | $239797.38    | 0.05%             | 2030-08-25      | Variable      | 1.70%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma PLC                                                                       | Royalty Pharma PLC                                                    | CUSIP: 78081BAN3<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | US        |    900000 | PA      | $761040.21    | 0.17%             | 2031-09-02      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Independence Plaza Trust                                                                 | Independence Plaza Trust 2018-INDP                                    | CUSIP: 45378YAN4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1487146.05   | 0.33%             | 2035-07-12      | Fixed         | 4.16%                 | Yes           |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                        | HSBC Holdings PLC                                                     | CUSIP: 404280FA2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   4800000 | PA      | $4812434.35   | 1.05%             | N/A             | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Reliance Inc                                                                             | Reliance Inc                                                          | CUSIP: 759509AG7<br>LEI: 549300E287ZOFT3C5Z56 | Long             | DBT              | CORP              | US        |    850000 | PA      | $746932.23    | 0.16%             | 2030-08-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Adobe Inc                                                                                | Adobe Inc                                                             | CUSIP: 00724PAJ8<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | DBT              | CORP              | US        |    750000 | PA      | $768720.14    | 0.17%             | 2030-01-17      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage Association                              | CUSIP: 38380RET3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  48471684 | PA      | $3441901.55   | 0.75%             | 2062-09-16      | Fixed         | 1.01%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                      | S&P500 EMINI OPTN SEP25C ESU5C 6150 Index                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       625 | NS      | $3796875.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp.                                                                       | Kinross Gold Corp                                                     | CUSIP: 496902AT4<br>LEI: 549300UEBMAQDN0K0R06 | Long             | DBT              | CORP              | US        |    700000 | PA      | $738379.77    | 0.16%             | 2033-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                                   | CME Ultra Long Term US Treasury Bond Future                           | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DE               | CORP              | US        |       -18 | NS      | $-3936.60     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods, Inc.                                                              | Dick's Sporting Goods Inc                                             | CUSIP: 253393AF9<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |    750000 | PA      | $660327.67    | 0.14%             | 2032-01-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137BXR46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  30000000 | PA      | $261405.00    | 0.06%             | 2027-03-25      | Variable      | 0.61%                 | No            |                  2 | On Loan: No      |
| Bx Trust 2017-Appl                                                                       | BXP Trust 2017-CQHP                                                   | CUSIP: 12433QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2503349 | PA      | $2466733.07   | 0.54%             | 2034-11-15      | Floating      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| Tapestry Inc                                                                             | Tapestry Inc                                                          | CUSIP: 876030AK3<br>LEI: 549300LJNVY5SW3VTN33 | Long             | DBT              | CORP              | US        |    650000 | PA      | $650201.44    | 0.14%             | 2030-03-11      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                      | CDX.NA.IG SERIES 44                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        | 100000000 | PA      | $-2203333.84  | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage Association                              | CUSIP: 38380RUJ7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  11156479 | PA      | $778717.78    | 0.17%             | 2063-05-16      | Variable      | 0.97%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                      | US BANK MMDA GLOBAL FUND SERVICES 4                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |  21120147 | PA      | $21120146.52  | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                                                                       | Energy Transfer LP                                                    | CUSIP: 29273VAJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2965926.30   | 0.65%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Fox Corporation                                                                          | Fox Corp                                                              | CUSIP: 35137LAL9<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |    750000 | PA      | $710596.13    | 0.16%             | 2030-04-08      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                                         | Duke Energy Corp.                                                     | CUSIP: 26441CCG8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2531718.95   | 0.55%             | 2054-09-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                                 | Lloyds Banking Group PLC                                              | CUSIP: 53944YAV5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1650000 | PA      | $1738474.65   | 0.38%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                                              | CME Mexican Peso Currency Future                                      | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Short            | DFE              | CORP              | US        |      -126 | NS      | $-207027.00   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                    | Fannie Mae Pool                                                       | CUSIP: 31418FFZ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8433330 | PA      | $7731132.89   | 1.69%             | 2055-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3133KNQU0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   7445186 | PA      | $5810461.18   | 1.27%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage Association                              | CUSIP: 38380P8N7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  19653847 | PA      | $1771823.80   | 0.39%             | 2060-09-16      | Variable      | 1.27%                 | No            |                  2 | On Loan: No      |
| Agnico Eagle Mines Ltd                                                                   | Agnico Eagle Mines Ltd.                                               | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |     30246 | NS      | $3568725.54   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerzbank AG                                                                           | Commerzbank AG                                                        | CUSIP: D1706CHH0<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | DBT              | CORP              | DE        |   1800000 | PA      | $1979766.01   | 0.43%             | N/A             | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3132DUWR4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3943344 | PA      | $3829263.77   | 0.84%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hi-Fi Music IP Issuer II LP                                                              | HI-FI Music IP Issuer LP                                              | CUSIP: 428357AA5<br>LEI: 635400VMUHJZERQEGT10 | Long             | ABS-O            | CORP              | US        |   2680000 | PA      | $2603970.54   | 0.57%             | 2062-02-01      | Fixed         | 3.94%                 | Yes           |                  2 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.                                                          | Regeneron Pharmaceuticals Inc                                         | CUSIP: 75886FAE7<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | DBT              | CORP              | US        |    900000 | PA      | $771268.05    | 0.17%             | 2030-09-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3142GSRU4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3874113 | PA      | $3844913.06   | 0.84%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust 2011-C2                                                   | Morgan Stanley Capital I Trust 2011-C2                                | CUSIP: 617459AK8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2365118.75   | 0.52%             | 2044-06-15      | Variable      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 31427MS44<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1993454 | PA      | $1981189.69   | 0.43%             | 2055-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CF Industries, Inc.                                                                      | CF Industries Inc                                                     | CUSIP: 12527GAH6<br>LEI: 5FVKT86LAD2F40NPC183 | Long             | DBT              | CORP              | US        |    550000 | PA      | $548390.16    | 0.12%             | 2026-12-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| UBS Group AG                                                                             | UBS Group AG                                                          | CUSIP: H42097CB1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3515889.60   | 0.77%             | N/A             | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| MPLX LP                                                                                  | MPLX LP                                                               | CUSIP: 55336VBV1<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    750000 | PA      | $728247.58    | 0.16%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust 2014-C17                              | Morgan Stanley Bank of America Merrill Lynch Tr                       | CUSIP: 61763UAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2253947 | PA      | $2197192.61   | 0.48%             | 2047-08-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                                                                   | CBOT US Treasure Bond Futures                                         | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DE               | CORP              | US        |      -423 | NS      | $-113166.35   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                                   | CBOT 3 Year US Treasury Note Future                                   | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DE               | CORP              | US        |        21 | NS      | $5332.95      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                    | Fannie Mae Pool                                                       | CUSIP: 3140A04E6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    847256 | PA      | $860006.07    | 0.19%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                    | Fannie Mae-Aces                                                       | CUSIP: 3136B7FY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2737702 | PA      | $98060.11     | 0.02%             | 2029-03-26      | Variable      | 1.37%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3132E02P6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2776751 | PA      | $2827562.05   | 0.62%             | 2053-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                                                                 | Svenska Handelsbanken AB                                              | CUSIP: W9T10ZZQ1<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |   2000000 | PA      | $1820242.00   | 0.40%             | N/A             | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Rio Tinto Alcan Inc.                                                                     | Rio Tinto Alcan Inc                                                   | CUSIP: 013716AU9<br>LEI: 2138007ZSQ7B17SKOX77 | Long             | DBT              | CORP              | US        |    775000 | PA      | $830582.10    | 0.18%             | 2033-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Ingredion Incorporated                                                                   | Ingredion Inc                                                         | CUSIP: 219023AC2<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | DBT              | CORP              | US        |    600000 | PA      | $651866.06    | 0.14%             | 2037-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Wesdome Gold Mines Ltd.                                                                  | Wesdome Gold Mines, Ltd.                                              | CUSIP: 95083R100<br>LEI: 529900DCBALMLHZPLR10 | Long             | EC               | CORP              | CA        |    267029 | NS      | $3567507.44   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                                   | Freddie Mac Multifamily Structured Pass Through                       | CUSIP: 3137HAMT0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        | 120548193 | PA      | $531918.90    | 0.12%             | 2028-09-25      | Variable      | 0.26%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137F9Z20<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |   1715000 | PA      | $204283.60    | 0.04%             | 2049-02-25      | Variable      | 2.71%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137FUZF4<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |   1835000 | PA      | $245237.66    | 0.05%             | 2048-04-25      | Variable      | 3.29%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                                                      | Dominion Energy Inc 6.625 05/15/55                                    | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2509172.93   | 0.55%             | 2055-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Agilent Technologies Inc.                                                                | Agilent Technologies, Inc.                                            | CUSIP: 00846UAN1<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $961885.16    | 0.21%             | 2031-03-12      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                                   | Freddie Mac Multifamily Structured  Pass Through Certificates         | CUSIP: 3137HKXF6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  12044000 | PA      | $699640.78    | 0.15%             | 2032-01-25      | Variable      | 1.18%                 | No            |                  2 | On Loan: No      |
| Las Vegas Sands Corp                                                                     | Las Vegas Sands Corp                                                  | CUSIP: 517834AJ6<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    700000 | PA      | $708794.12    | 0.16%             | 2027-06-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Impac CMB Trust                                                                          | Impac CMB Trust Series 2005-4                                         | CUSIP: 45254NPG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    849278 | PA      | $804958.89    | 0.18%             | 2035-05-25      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| KAPITUS ASSET SECURITIZATION IV LLC                                                      | Kapitus Asset Securitization IV LLC                                   | CUSIP: 48555MAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3580000 | PA      | $3573348.36   | 0.78%             | 2031-09-10      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| CYRUSONE DATA CENTERS ISSUER I LLC                                                       | CyrusOne Data Centers Issuer I LLC                                    | CUSIP: 23284BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5037000 | PA      | $4880057.15   | 1.07%             | 2029-05-20      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| J P Morgan Mortgage Acquisition Corporation                                              | JP Morgan Mortgage Acquisition Trust 2006-CH1                         | CUSIP: 46629TAH3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     95350 | PA      | $95186.67     | 0.02%             | 2036-07-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | Fannie Mae Pool                                                       | CUSIP: 3140XDMS2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5088307 | PA      | $4523189.62   | 0.99%             | 2051-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137FAWW4<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |  30893000 | PA      | $296477.03    | 0.06%             | 2027-08-25      | Variable      | 0.61%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137FTFU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  36973825 | PA      | $718190.68    | 0.16%             | 2027-01-25      | Variable      | 1.59%                 | No            |                  2 | On Loan: No      |
| South Bow Canadian Infrastructure Holdings Ltd.                                          | South Bow Canadian Infrastructure Holdings Ltd                        | CUSIP: 836720AH5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1996312.80   | 0.44%             | 2055-03-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Coterra Energy Inc                                                                       | Coterra Energy Inc                                                    | CUSIP: 127097AL7<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |    550000 | PA      | $545739.39    | 0.12%             | 2034-03-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                                   | Diamondback Energy Inc                                                | CUSIP: 25278XAV1<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    550000 | PA      | $573893.05    | 0.13%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage Association                              | CUSIP: 38381MEH9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  58466736 | PA      | $3287584.54   | 0.72%             | 2066-10-16      | Variable      | 0.55%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corporation                                                                 | Devon Energy Corp                                                     | CUSIP: 251799AA0<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    500000 | PA      | $565741.17    | 0.12%             | 2032-04-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Comm 2015-CCRE23 Mortgage Trust                                                          | COMM 2015-CCRE23 Mortgage Trust                                       | CUSIP: 12593ABF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4088928 | PA      | $3923775.04   | 0.86%             | 2048-05-10      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| Centerpoint Energy Inc                                                                   | CenterPoint Energy Inc                                                | CUSIP: 15189TBJ5<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3059052.00   | 0.67%             | 2055-02-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Skymiles IP Ltd. & Delta Air Lines Inc.                                                  | Delta Air Lines Inc / SkyMiles IP Ltd                                 | CUSIP: 830867AB3<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    700000 | PA      | $697507.46    | 0.15%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Zoetis Inc.                                                                              | Zoetis Inc                                                            | CUSIP: 98978VAS2<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $932433.95    | 0.20%             | 2030-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Idex Corporation                                                                         | IDEX Corp                                                             | CUSIP: 45167RAG9<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | DBT              | CORP              | US        |    775000 | PA      | $713887.98    | 0.16%             | 2030-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Multifamily Structured Pass Through                       | CUSIP: 3137FEBS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        | 318386556 | PA      | $2576352.17   | 0.56%             | 2027-12-25      | Variable      | 0.49%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust 2011-C2                                                   | Morgan Stanley Capital I Trust 2011-C2                                | CUSIP: 617459AJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    536285 | PA      | $532396.52    | 0.12%             | 2044-06-15      | Variable      | 5.39%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage Association                              | CUSIP: 38381D3P3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  50529005 | PA      | $3169548.07   | 0.69%             | 2063-09-16      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST                                       | Morgan Stanley Bank of America Merrill Lynch Tr                       | CUSIP: 61761AAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3340310 | PA      | $3277044.07   | 0.72%             | 2045-08-15      | Variable      | 4.80%                 | Yes           |                  2 | On Loan: No      |
| BXHPP LTD                                                                                | BXHPP Trust 2021-FILM                                                 | CUSIP: 05609JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2868910.80   | 0.63%             | 2036-08-15      | Floating      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | Fannie Mae Pool                                                       | CUSIP: 3140MSU52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2314338 | PA      | $2248593.02   | 0.49%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                                   | Freddie Mac Multifamily Structured Pass Through                       | CUSIP: 3137HCKP6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  49208000 | PA      | $1067813.60   | 0.23%             | 2031-02-25      | Variable      | 0.55%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137FTZU4<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |   7249000 | PA      | $560954.44    | 0.12%             | 2030-04-25      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                                   | Truist Financial Corp                                                 | CUSIP: 89832QAE9<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2888282.26   | 0.63%             | N/A             | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                                   | Freddie Mac Multifamily Structured Pass Through Certificates          | CUSIP: 3137HAD94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        | 125870000 | PA      | $577630.02    | 0.13%             | 2033-05-25      | Variable      | 0.15%                 | No            |                  2 | On Loan: No      |
| Sysco Corporation                                                                        | Sysco Corp                                                            | CUSIP: 871829BQ9<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $865351.57    | 0.19%             | 2031-12-14      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                                              | CME Japanese Yen Currency Future                                      | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DFE              | CORP              | US        |       207 | NS      | $157475.62    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                                                               | Kirby Corp                                                            | CUSIP: 497266AC0<br>LEI: I7NO6FZO5GUCG585T325 | Long             | DBT              | CORP              | US        |    700000 | PA      | $688988.02    | 0.15%             | 2028-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | Fannie Mae Pool                                                       | CUSIP: 3140NKEX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2578869 | PA      | $2507098.12   | 0.55%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boston Scientific Corporation                                                            | Boston Scientific Corp                                                | CUSIP: 101137BA4<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | DBT              | CORP              | US        |    800000 | PA      | $734146.33    | 0.16%             | 2030-06-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Multifamily Structured Pass Through                       | CUSIP: 3137F84U4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  15350000 | PA      | $1776394.10   | 0.39%             | 2030-11-25      | Variable      | 2.71%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST                                                           | Morgan Stanley Capital I Trust 2014-150E                              | CUSIP: 61764BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2800000 | PA      | $2494102.52   | 0.55%             | 2032-09-09      | Fixed         | 3.91%                 | Yes           |                  2 | On Loan: No      |
| HSI Asset Securitization Corporation Trust                                               | HSI Asset Securitization Corp Trust 2006-OPT3                         | CUSIP: 40430HFM5<br>LEI: 2138004J9K5ER1VNP306 | Long             | ABS-O            | CORP              | US        |    136824 | PA      | $135066.53    | 0.03%             | 2036-02-25      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                                   | CBOT 2 Year US Treasury Note Future                                   | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DE               | CORP              | US        |       405 | NS      | $38016.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| The Clorox Company                                                                       | Clorox Co/The                                                         | CUSIP: 189054AX7<br>LEI: 54930044KVSC06Z79I06 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $873271.91    | 0.19%             | 2030-05-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3133KQPS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1791985 | PA      | $1691856.75   | 0.37%             | 2053-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust 2015 101A                                            | Citigroup Commercial Mortgage Trust 2015-101A                         | CUSIP: 17290MAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  26130000 | PA      | $2061717.10   | 0.45%             | 2043-01-14      | Variable      | 1.25%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137F84K6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   2750000 | PA      | $318984.33    | 0.07%             | 2049-01-25      | Variable      | 2.72%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | Fannie Mae Pool                                                       | CUSIP: 3140N4NE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4314927 | PA      | $4078639.33   | 0.89%             | 2052-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                                   | CBOT 5 Year US Treasury Note                                          | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DE               | CORP              | US        |      1256 | NS      | $241279.90    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                      | NextEra Energy Capital Holdings Inc                                   | CUSIP: 65339KDF4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2524057.50   | 0.55%             | 2055-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | UMBS Freddie Mac Pool RJ1514                                          | CUSIP: 3132DQAZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2772760 | PA      | $2769709.93   | 0.61%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RIDE 2025-SHRE                                                                           | RIDE 2025-SHRE XCP                                                    | CUSIP: 765692AS7<br>LEI: 5493000HCHF3YP6AGZ15 | Long             | ABS-O            | CORP              | US        | 251000000 | PA      | $2790015.60   | 0.61%             | 2047-02-14      | Variable      | 0.28%                 | Yes           |                  2 | On Loan: No      |
| Church & Dwight Co Inc.                                                                  | Church & Dwight Co Inc                                                | CUSIP: 17136MAA0<br>LEI: POOXSI30AWAQGYJZC921 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $858642.90    | 0.19%             | 2031-12-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company  Inc                                                    | General Motors Financial Co Inc                                       | CUSIP: 37045XCA2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   4216000 | PA      | $4069417.82   | 0.89%             | N/A             | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust                                   | JP Morgan Chase Commercial Mortgage Sec                               | CUSIP: 46637TAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4660217 | PA      | $4334001.70   | 0.95%             | 2030-05-05      | Fixed         | 3.91%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Ginnie Mae II Pool                                                    | CUSIP: 36179XFE1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2356861 | PA      | $2055094.22   | 0.45%             | 2052-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Multifamily Structured Pass Through                       | CUSIP: 3137H4C73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  63643813 | PA      | $1729546.08   | 0.38%             | 2031-10-25      | Variable      | 0.63%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                    | Fannie Mae-Aces                                                       | CUSIP: 3136B9EF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   3644859 | PA      | $119089.93    | 0.03%             | 2028-08-25      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| NiSource Inc.                                                                            | NiSource Inc                                                          | CUSIP: 65473PAT2<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1984481.40   | 0.43%             | 2055-03-31      | Fixed         | 6.37%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                    | Bank of America Corp.                                                 | CUSIP: 060505FL3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5037430.00   | 1.10%             | N/A             | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| New Gold, Inc.                                                                           | New Gold, Inc.                                                        | CUSIP: 644535106<br>LEI: 5493005G0GNCHP0H6L96 | Long             | EC               | CORP              | CA        |    906740 | NS      | $4034993.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc.                                                                             | Gartner, Inc.                                                         | CUSIP: 366651AC1<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |    800000 | PA      | $791008.48    | 0.17%             | 2028-07-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| UBS Group AG                                                                             | UBS Group AG                                                          | CUSIP: 225401BH0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1000000 | PA      | $992532.10    | 0.22%             | N/A             | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137H5FY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    551193 | PA      | $523568.29    | 0.11%             | 2027-12-25      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Multifamily Structured Pass Through                       | CUSIP: 3137FXQS0<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |   3455000 | PA      | $424605.68    | 0.09%             | 2030-10-25      | Variable      | 2.82%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                    | Bank of America Corp                                                  | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509174.00    | 0.11%             | N/A             | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Altagas Ltd                                                                              | AltaGas Ltd                                                           | CUSIP: 021361AD2<br>LEI: 2549008X5V70MOS4HM10 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2451344.25   | 0.54%             | 2054-10-15      | Fixed         | 7.20%                 | Yes           |                  2 | On Loan: No      |
| Enbridge Inc.                                                                            | Enbridge Inc                                                          | CUSIP: 29250NCF0<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2014204.56   | 0.44%             | 2054-06-27      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc.                                                                   | Reynolds American Inc.                                                | CUSIP: 761713AT3<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |    600000 | PA      | $659183.26    | 0.14%             | 2037-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137BPCR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  16950272 | PA      | $36849.89     | 0.01%             | 2026-01-25      | Variable      | 1.08%                 | No            |                  2 | On Loan: No      |
| BorgWarner Inc.                                                                          | BorgWarner Inc                                                        | CUSIP: 099724AP1<br>LEI: 549300DSFX2IE88NSX47 | Long             | DBT              | CORP              | US        |    650000 | PA      | $652622.35    | 0.14%             | 2029-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                                                            | Netflix Inc                                                           | CUSIP: 64110LAV8<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    900000 | PA      | $913656.36    | 0.20%             | 2030-06-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| FMC Corp.                                                                                | FMC Corp                                                              | CUSIP: 302491AZ8<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |   4150000 | PA      | $4194923.75   | 0.92%             | 2055-11-01      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3132DUQR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2933980 | PA      | $2843991.54   | 0.62%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage A                                        | CUSIP: 36179XBP0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2175017 | PA      | $1747759.33   | 0.38%             | 2052-07-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                        | Wells Fargo & Co                                                      | CUSIP: 949746RN3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3000356.22   | 0.66%             | N/A             | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Darden Restaurants, Inc.                                                                 | Darden Restaurants, Inc.                                              | CUSIP: 237194AN5<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | DBT              | CORP              | US        |    650000 | PA      | $688548.79    | 0.15%             | 2033-10-10      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Comerica Incorporated                                                                    | Comerica Inc                                                          | CUSIP: 200340AU1<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |   3226000 | PA      | $3228185.94   | 0.71%             | N/A             | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CMS Energy Corporation                                                                   | CMS Energy Corp                                                       | CUSIP: 125896BY5<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1978690.80   | 0.43%             | 2055-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3132DQPP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1607709 | PA      | $1594589.94   | 0.35%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                                              | CME E-Mini Standard & Poor's 500 Index Future                         | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Short            | DE               | CORP              | US        |      -227 | NS      | $-978673.40   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                                                             | Broadcom Inc                                                          | CUSIP: 11135FBK6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    850000 | PA      | $758622.99    | 0.17%             | 2033-04-15      | Fixed         | 3.42%                 | Yes           |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                           | Mexican Bonos                                                         | CUSIP: P4R07XP34<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |  65000000 | PA      | $3209118.70   | 0.70%             | 2027-03-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3133KPDE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   4096592 | PA      | $3762057.51   | 0.82%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | Fannie Mae Pool                                                       | CUSIP: 3140XHB30<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2463673 | PA      | $2024705.07   | 0.44%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                                        | NatWest Group PLC                                                     | CUSIP: 639057AD0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $2584046.10   | 0.57%             | N/A             | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                    | Fannie Mae Pool                                                       | CUSIP: 3140A1VM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3988030 | PA      | $4030683.85   | 0.88%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc.                                                                 | O'Reilly Automotive Inc                                               | CUSIP: 67103HAH0<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    700000 | PA      | $683139.97    | 0.15%             | 2029-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137H2P57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGA              | US        |  15695757 | PA      | $855396.77    | 0.19%             | 2029-04-27      | Variable      | 2.01%                 | No            |                  2 | On Loan: No      |
| KeyCorp                                                                                  | KeyCorp                                                               | CUSIP: 493267AK4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2655609.30   | 0.58%             | N/A             | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Ginnie Mae II Pool                                                    | CUSIP: 36179XDB9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1749567 | PA      | $1529426.36   | 0.33%             | 2052-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Ginnie Mae II Pool                                                    | CUSIP: 36179YSZ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4767625 | PA      | $4168449.46   | 0.91%             | 2054-03-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc                                                                   | Motorola Solutions, Inc.                                              | CUSIP: 620076BU2<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    850000 | PA      | $753359.50    | 0.16%             | 2031-05-24      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage Association                              | CUSIP: 38379RWL3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1284515 | PA      | $60528.78     | 0.01%             | 2056-12-16      | Variable      | 0.77%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage Association                              | CUSIP: 38381DW22<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  42996710 | PA      | $3166974.26   | 0.69%             | 2063-05-16      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| Alamos Gold Inc.                                                                         | Alamos Gold, Inc.                                                     | CUSIP: 011532108<br>LEI: 549300TDOX73YGYXE959 | Long             | EC               | CORP              | CA        |    130729 | NS      | $3384573.81   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | UMBS Fannie Mae Pool CB6725                                           | CUSIP: 3140XJKB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3709325 | PA      | $3508567.51   | 0.77%             | 2053-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                             | United States Treasury Note/Bond                                      | CUSIP: 91282CMG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2235000 | PA      | $2263024.80   | 0.49%             | 2030-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                      | Fifth Third Bancorp                                                   | CUSIP: 316773DB3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |   4343000 | PA      | $4323654.98   | 0.95%             | N/A             | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CMS Energy Corporation                                                                   | CMS Energy Corp                                                       | CUSIP: 125896BU3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2131403.85   | 0.47%             | 2050-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Mattel, Inc.                                                                             | Mattel Inc                                                            | CUSIP: 577081BF8<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |    700000 | PA      | $660933.63    | 0.14%             | 2029-04-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Orla Mining Ltd New                                                                      | Orla Mining Ltd.                                                      | CUSIP: 68634K106<br>LEI: 529900DU63EUQ1UZKL30 | Long             | EC               | CORP              | CA        |    343161 | NS      | $3627211.77   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Multiclass Certs Series 2015-P001                         | CUSIP: 3137FQXU2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGA              | US        |   7690000 | PA      | $346815.92    | 0.08%             | 2028-10-27      | Variable      | 1.83%                 | No            |                  2 | On Loan: No      |
| Homebanc Mortgage Trust 2006 1                                                           | HomeBanc Mortgage Trust 2005-3                                        | CUSIP: 43739EBP1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3957000 | PA      | $3973022.68   | 0.87%             | 2035-07-25      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| Deutsche Telekom International Finance B.V.                                              | Deutsche Telekom International Finance BV                             | CUSIP: 25156PAC7<br>LEI: 529900ERDFHS6C1M4U58 | Long             | DBT              | CORP              | US        |    650000 | PA      | $762139.16    | 0.17%             | 2030-06-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                                                                | COMM 2013-CCRE7 Mortgage Trust                                        | CUSIP: 12625FBC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $326547.31    | 0.07%             | 2046-03-10      | Variable      | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage Association                              | CUSIP: 38381LYP1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  14242332 | PA      | $924169.24    | 0.20%             | 2066-07-16      | Variable      | 0.68%                 | No            |                  2 | On Loan: No      |
| Exelon Corp.                                                                             | Exelon Corp                                                           | CUSIP: 30161NBQ3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1998717.02   | 0.44%             | 2055-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FBR Securitization Trust                                                                 | FBR Securitization Trust                                              | CUSIP: 30246QCQ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    538627 | PA      | $534095.91    | 0.12%             | 2035-11-26      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| COMM 2013-CCRE11 Mortgage Trust                                                          | COMM MORTGAGE TRUST SERIES 2013-CR11, CLASS D                         | CUSIP: 12626LAY8<br>LEI: 549300BCCWSDWINK2593 | Long             | ABS-O            | CORP              | US        |   3049137 | PA      | $2899820.15   | 0.63%             | 2050-08-10      | Variable      | 4.61%                 | Yes           |                  2 | On Loan: No      |
| The Charles Schwab Corporation                                                           | Charles Schwab Corp./The                                              | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $451909.40    | 0.10%             | N/A             | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Imperial Brands Finance Plc                                                              | Imperial Brands Finance PLC                                           | CUSIP: 45262BAG8<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | US        |    650000 | PA      | $664292.46    | 0.15%             | 2030-02-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Paramount Global                                                                         | Paramount Global                                                      | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2642914.18   | 0.58%             | 2057-02-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CGI Inc                                                                                  | CGI Inc                                                               | CUSIP: 12532HAF1<br>LEI: 549300WSRCZY73ZG3090 | Long             | DBT              | CORP              | US        |    900000 | PA      | $771510.00    | 0.17%             | 2031-09-14      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| The Charles Schwab Corporation                                                           | Charles Schwab Corp./The                                              | CUSIP: 808513BD6<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   5900000 | PA      | $5900000.00   | 1.29%             | N/A             | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips Co.                                                                       | ConocoPhillips Co                                                     | CUSIP: 20826FBL9<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    550000 | PA      | $537435.92    | 0.12%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Renaissance Mortgage Acceptance Corp.                                                    | Renaissance Home Equity Loan Trust 2005-3                             | CUSIP: 75970NBE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    269513 | PA      | $269013.37    | 0.06%             | 2035-11-25      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| JP Morgan Acceptance Corp. 2007 Ch3                                                      | JP Morgan Mortgage Acquisition Trust 2007-CH3                         | CUSIP: 46630XAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    298681 | PA      | $295406.18    | 0.06%             | 2037-03-25      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                       | Energy Transfer LP                                                    | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2516995.00   | 0.55%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                    | Fannie Mae-Aces                                                       | CUSIP: 3136BDXP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     92067 | PA      | $91470.72     | 0.02%             | 2033-11-25      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                                   | CBOT 10 Year US Treasury Note                                         | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DE               | CORP              | US        |       264 | NS      | $42594.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | Fannie Mae Pool                                                       | CUSIP: 3140QTBF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2481704 | PA      | $2467513.64   | 0.54%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                                                             | Citizens Financial Group Inc                                          | CUSIP: 174610AU9<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3000381.60   | 0.66%             | N/A             | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| AstraZeneca Finance LLC                                                                  | Astrazeneca Finance LLC                                               | CUSIP: 04636NAB9<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    850000 | PA      | $750278.09    | 0.16%             | 2031-05-28      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-31

**Name of Applicant:** Exchange Place Advisors Trust

**Signature:** Zachary Richmond

**Name of Signer:** Zachary Richmond

**Title:** Treasurer