# EDGAR Filing Document

**Accession Number:** 0001221845
**File Stem:** 0001752724-25-205167
**Filing Date:** 2025-8
**Character Count:** 427120
**Document Hash:** 042f3d8aec4e29bb5351c766ffa2def6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-205167.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-205167

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK ALLOCATION TARGET SHARES
- **CENTRAL INDEX KEY:** 0001221845

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21457
- **FILM NUMBER:** 251255676

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK BOND ALLOCATION TARGET SHARES
- **DATE OF NAME CHANGE:** 20030306

## Series and Classes Contracts Data

### BATS SERIES C (Series ID: S000001469)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000003891 | BATS SERIES C | BRACX           |

## Nport-Ex

Schedule of Investments (unaudited)

June 30, 2025

**BATS: Series C Portfolio**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par* <br>*(000)*<br>| *Value* |
| **Corporate Bonds** | **Corporate Bonds** | **Corporate Bonds** | **Corporate Bonds** |
| **Aerospace & Defense — 1.5%** | **Aerospace & Defense — 1.5%** | **Aerospace & Defense — 1.5%** | **Aerospace & Defense — 1.5%** |
| Boeing Co. (The) |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 06/15/46 | USD  | 274 | $187527 |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/01/48 |  | 1843 | 1275744 |
| &nbsp;&nbsp;&nbsp; 3.85%, 11/01/48 |  | 1279 | 918660 |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/01/50 |  | 2849 | 2011950 |
| &nbsp;&nbsp;&nbsp; 5.93%, 05/01/60 |  | 92 | 87452 |
| Embraer Netherlands Finance BV, 5.98%, 02/11/35 |  | 34 | 34920 |
| L3Harris Technologies, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/01/31 |  | 90 | 92831 |
| &nbsp;&nbsp;&nbsp; 5.40%, 07/31/33 |  | 328 | 336915 |
| Lockheed Martin Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.07%, 12/15/42 |  | 121 | 101640 |
| &nbsp;&nbsp;&nbsp; 3.80%, 03/01/45 |  | 128 | 100855 |
| Northrop Grumman Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 03/01/26 |  | 81 | 82790 |
| &nbsp;&nbsp;&nbsp; 4.03%, 10/15/47 |  | 152 | 121196 |
| &nbsp;&nbsp;&nbsp; 5.20%, 06/01/54 |  | 280 | 260888 |
| RTX Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.15%, 05/15/45 |  | 246 | 201460 |
| &nbsp;&nbsp;&nbsp; 4.35%, 04/15/47 |  | 103 | 85571 |
| &nbsp;&nbsp;&nbsp; 2.82%, 09/01/51 |  | 949 | 586291 |
|  |  |  | 6486690 |
| **Automobile Components — 0.4%** | **Automobile Components — 0.4%** | **Automobile Components — 0.4%** | **Automobile Components — 0.4%** |
| Aptiv Swiss Holdings Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.35%, 03/15/29 |  | 269 | 265108 |
| &nbsp;&nbsp;&nbsp; 4.65%, 09/13/29 |  | 536 | 534602 |
| &nbsp;&nbsp;&nbsp; 3.25%, 03/01/32 |  | 607 | 543277 |
| &nbsp;&nbsp;&nbsp; 5.15%, 09/13/34 |  | 553 | 533721 |
|  |  |  | 1876708 |
| **Automobiles — 1.1%** | **Automobiles — 1.1%** | **Automobiles — 1.1%** | **Automobiles — 1.1%** |
| Daimler Truck Finance North America LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 12/14/26<sup>(a)</sup> |  | 200 | 193294 |
| &nbsp;&nbsp;&nbsp; 3.65%, 04/07/27<sup>(a)</sup> |  | 791 | 780873 |
| Ford Holdings LLC, 9.30%, 03/01/30 |  | 350 | 397658 |
| Ford Motor Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.45%, 07/16/31 |  | 346 | 374665 |
| &nbsp;&nbsp;&nbsp; 3.25%, 02/12/32 |  | 427 | 360003 |
| &nbsp;&nbsp;&nbsp; 6.10%, 08/19/32 |  | 216 | 215696 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/43 |  | 199 | 153020 |
| &nbsp;&nbsp;&nbsp; 5.29%, 12/08/46 |  | 111 | 89621 |
| General Motors Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.40%, 10/15/29 |  | 119 | 121496 |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/15/30 |  | 1379 | 1409478 |
| &nbsp;&nbsp;&nbsp; 5.40%, 04/01/48 |  | 233 | 202385 |
| &nbsp;&nbsp;&nbsp; 5.95%, 04/01/49 |  | 443 | 414100 |
|  |  |  | 4712289 |
| **Banks — 15.7%** | **Banks — 15.7%** | **Banks — 15.7%** | **Banks — 15.7%** |
| AIB Group PLC, 5.32%, 05/15/31<sup>(a)</sup> |  | 1035 | 1053155 |
| Associated Banc-Corp, 6.46%, 08/29/30 |  | 1470 | 1510667 |
| &nbsp;&nbsp;&nbsp; Australia & New Zealand Banking Group Ltd., 5.82%, <br> 06/18/36<sup>(a)</sup><br>|  | 1164 | 1182265 |
| Bank of America Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.73%, 07/22/27 |  | 209 | 203144 |
| &nbsp;&nbsp;&nbsp; 5.93%, 09/15/27 |  | 4011 | 4081020 |
| &nbsp;&nbsp;&nbsp; 3.82%, 01/20/28 |  | 306 | 303333 |
| &nbsp;&nbsp;&nbsp; 2.55%, 02/04/28 |  | 164 | 159390 |
| &nbsp;&nbsp;&nbsp; 3.71%, 04/24/28 |  | 598 | 590899 |
| &nbsp;&nbsp;&nbsp; 3.59%, 07/21/28 |  | 452 | 445062 |
| &nbsp;&nbsp;&nbsp; 4.95%, 07/22/28 |  | 506 | 511830 |
| &nbsp;&nbsp;&nbsp; 4.62%, 05/09/29 |  | 1746 | 1757080 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Bank of America Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.51%, 01/24/36 | USD  | 2895 | $2976681 |
| &nbsp;&nbsp;&nbsp; 4.08%, 03/20/51 |  | 994 | 789382 |
| Bank of Ireland Group PLC, 6.25%, 09/16/26<sup>(a)</sup> |  | 1130 | 1133624 |
| Barclays PLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.84%, 09/10/28 |  | 1335 | 1345304 |
| &nbsp;&nbsp;&nbsp; 5.37%, 02/25/31 |  | 264 | 269672 |
| BNP Paribas SA, 4.79%, 05/09/29<sup>(a)</sup> |  | 1726 | 1734813 |
| CaixaBank SA, 07/03/29<sup>(a)(b)</sup> |  | 1297 | 1300230 |
| Citibank N.A., 4.58%, 05/29/27 |  | 2533 | 2546912 |
| Citigroup, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.64%, 05/07/28 |  | 1721 | 1725562 |
| &nbsp;&nbsp;&nbsp; 2.67%, 01/29/31 |  | 897 | 822444 |
| &nbsp;&nbsp;&nbsp; 5.88%, 02/22/33 |  | 248 | 257191 |
| &nbsp;&nbsp;&nbsp; 6.02%, 01/24/36 |  | 2656 | 2727493 |
| Commonwealth Bank of Australia, 5.93%, 03/14/46<sup>(a)</sup> |  | 575 | 564619 |
| Credit Agricole SA |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 01/26/27<sup>(a)</sup> |  | 1096 | 1075097 |
| &nbsp;&nbsp;&nbsp; 5.22%, 05/27/31<sup>(a)</sup> |  | 2207 | 2248155 |
| Fifth Third Bank N.A., 4.97%, 01/28/28 |  | 625 | 629576 |
| First Horizon Corp., 5.51%, 03/07/31 |  | 378 | 383447 |
| FNB Corp., 5.72%, 12/11/30 |  | 912 | 917165 |
| HSBC Holdings PLC, 5.29%, 11/19/30 |  | 922 | 941889 |
| HSBC U.S.A., Inc., 4.65%, 06/03/28 |  | 2124 | 2140753 |
| Huntington National Bank (The), 4.87%, 04/12/28 |  | 1080 | 1086759 |
| JPMorgan Chase & Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.05%, 11/19/26 |  | 1294 | 1276530 |
| &nbsp;&nbsp;&nbsp; 4.92%, 01/24/29 |  | 650 | 658728 |
| &nbsp;&nbsp;&nbsp; 5.57%, 04/22/36 |  | 1967 | 2038487 |
| &nbsp;&nbsp;&nbsp; 3.11%, 04/22/41 |  | 123 | 94272 |
| &nbsp;&nbsp;&nbsp; 2.53%, 11/19/41 |  | 134 | 93924 |
| &nbsp;&nbsp;&nbsp; 5.53%, 11/29/45 |  | 3175 | 3182069 |
| &nbsp;&nbsp;&nbsp; 4.26%, 02/22/48 |  | 420 | 353868 |
| &nbsp;&nbsp;&nbsp; 3.11%, 04/22/51 |  | 243 | 163513 |
| KeyBank N.A. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.90%, 04/13/29 |  | 557 | 538000 |
| &nbsp;&nbsp;&nbsp; 4.90%, 08/08/32 |  | 453 | 437131 |
| KeyCorp, 6.40%, 03/06/35 |  | 3485 | 3717465 |
| Lloyds Banking Group PLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.58%, 12/10/25 |  | 834 | 833176 |
| &nbsp;&nbsp;&nbsp; 6.07%, 06/13/36 |  | 740 | 760793 |
| M&T Bank Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.18%, 07/08/31 |  | 1185 | 1204630 |
| &nbsp;&nbsp;&nbsp; 5.39%, 01/16/36 |  | 378 | 376687 |
| Macquarie Bank Ltd., 4.33%, 06/12/28<sup>(a)</sup> |  | 1272 | 1278541 |
| PNC Bank N.A., 4.54%, 05/13/27 |  | 910 | 910457 |
| PNC Financial Services Group, Inc. (The) |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 10/20/34 |  | 226 | 252646 |
| &nbsp;&nbsp;&nbsp; 5.68%, 01/22/35 |  | 290 | 301309 |
| &nbsp;&nbsp;&nbsp; 5.40%, 07/23/35 |  | 337 | 343162 |
| Santander UK Group Holdings PLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.69%, 04/15/31 |  | 272 | 280547 |
| &nbsp;&nbsp;&nbsp; 2.90%, 03/15/32 |  | 761 | 679138 |
| &nbsp;&nbsp;&nbsp; Skandinaviska Enskilda Banken AB, 4.38%, <br> 06/02/28<sup>(a)</sup><br>|  | 1060 | 1068161 |
| Societe Generale SA, 5.25%, 05/22/29<sup>(a)</sup> |  | 1702 | 1722781 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.63%, 07/14/26 |  | 249 | 244663 |
| &nbsp;&nbsp;&nbsp; 07/08/46<sup>(b)</sup> |  | 795 | 795000 |
| Toronto-Dominion Bank (The), 4.57%, 06/02/28 |  | 1275 | 1284392 |
| Truist Bank, 4.67%, 05/20/27 |  | 2123 | 2126164 |

---

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**BATS: Series C Portfolio**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Wells Fargo & Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.61%, 04/23/36 | USD  | 667 | $688490 |
| &nbsp;&nbsp;&nbsp; 5.61%, 01/15/44 |  | 181 | 175432 |
| &nbsp;&nbsp;&nbsp; 4.65%, 11/04/44 |  | 199 | 170352 |
| &nbsp;&nbsp;&nbsp; 4.90%, 11/17/45 |  | 273 | 240130 |
| &nbsp;&nbsp;&nbsp; 4.61%, 04/25/53 |  | 650 | 553939 |
| &nbsp;&nbsp;&nbsp; Series W, 4.90%, 01/24/28 |  | 530 | 533838 |
|  |  |  | 68793028 |
| **Beverages — 0.5%** | **Beverages — 0.5%** | **Beverages — 0.5%** | **Beverages — 0.5%** |
| &nbsp;&nbsp;&nbsp; Anheuser-Busch Cos. LLC/Anheuser-Busch InBev <br> Worldwide, Inc., 4.90%, 02/01/46<br>|  | 776 | 711313 |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/23/29 |  | 965 | 982386 |
| &nbsp;&nbsp;&nbsp; 4.44%, 10/06/48 |  | 108 | 91840 |
| &nbsp;&nbsp;&nbsp; 5.55%, 01/23/49 |  | 491 | 487276 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/15/58 |  | 100 | 87690 |
|  |  |  | 2360505 |
| **Biotechnology — 1.1%** | **Biotechnology — 1.1%** | **Biotechnology — 1.1%** | **Biotechnology — 1.1%** |
| AbbVie, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.05%, 11/21/39 |  | 266 | 233151 |
| &nbsp;&nbsp;&nbsp; 4.40%, 11/06/42 |  | 138 | 121338 |
| &nbsp;&nbsp;&nbsp; 5.35%, 03/15/44 |  | 97 | 95077 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/15/45 |  | 96 | 86509 |
| &nbsp;&nbsp;&nbsp; 4.70%, 05/14/45 |  | 130 | 116549 |
| &nbsp;&nbsp;&nbsp; 4.45%, 05/14/46 |  | 310 | 266842 |
| &nbsp;&nbsp;&nbsp; 5.40%, 03/15/54 |  | 688 | 668981 |
| Amgen, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.56%, 06/15/48 |  | 131 | 111334 |
| &nbsp;&nbsp;&nbsp; 3.38%, 02/21/50 |  | 777 | 546569 |
| &nbsp;&nbsp;&nbsp; 4.66%, 06/15/51 |  | 837 | 716593 |
| &nbsp;&nbsp;&nbsp; 4.20%, 02/22/52 |  | 1352 | 1058569 |
| &nbsp;&nbsp;&nbsp; 2.77%, 09/01/53 |  | 499 | 295920 |
| Gilead Sciences, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.15%, 03/01/47 |  | 240 | 196029 |
| &nbsp;&nbsp;&nbsp; 2.80%, 10/01/50 |  | 143 | 89895 |
| &nbsp;&nbsp;&nbsp; 5.55%, 10/15/53 |  | 86 | 84895 |
|  |  |  | 4688251 |
| **Broadline Retail — 0.1%** | **Broadline Retail — 0.1%** | **Broadline Retail — 0.1%** | **Broadline Retail — 0.1%** |
| Alibaba Group Holding Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.20%, 12/06/47 |  | 200 | 160608 |
| &nbsp;&nbsp;&nbsp; 3.15%, 02/09/51 |  | 300 | 195000 |
|  |  |  | 355608 |
| **Capital Markets — 6.3%** | **Capital Markets — 6.3%** | **Capital Markets — 6.3%** | **Capital Markets — 6.3%** |
| Ares Capital Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/01/29 |  | 568 | 579165 |
| &nbsp;&nbsp;&nbsp; 5.95%, 07/15/29 |  | 292 | 298767 |
| &nbsp;&nbsp;&nbsp; 5.80%, 03/08/32 |  | 337 | 335590 |
| Ares Strategic Income Fund, 5.70%, 03/15/28 |  | 85 | 85687 |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp. (The), 4.44%, <br> 06/09/28<br>|  | 710 | 713750 |
| Blue Owl Capital Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.95%, 03/15/29 |  | 283 | 284455 |
| &nbsp;&nbsp;&nbsp; 6.20%, 07/15/30 |  | 1217 | 1229385 |
| Deutsche Bank AG |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.37%, 01/10/29 |  | 1251 | 1272959 |
| &nbsp;&nbsp;&nbsp; 3.74%, 01/07/33 |  | 400 | 360031 |
| Goldman Sachs Group, Inc. (The) |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.22%, 04/23/31 |  | 2764 | 2833574 |
| &nbsp;&nbsp;&nbsp; 2.62%, 04/22/32 |  | 986 | 876409 |
| &nbsp;&nbsp;&nbsp; 6.13%, 02/15/33 |  | 79 | 86301 |
| &nbsp;&nbsp;&nbsp; 3.10%, 02/24/33 |  | 2105 | 1894598 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Capital Markets (continued)** | **Capital Markets (continued)** | **Capital Markets (continued)** | **Capital Markets (continued)** |
| Intercontinental Exchange, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/15/31 | USD  | 448 | $464051 |
| &nbsp;&nbsp;&nbsp; 1.85%, 09/15/32 |  | 142 | 117870 |
| &nbsp;&nbsp;&nbsp; 4.25%, 09/21/48 |  | 104 | 85710 |
| &nbsp;&nbsp;&nbsp; 3.00%, 06/15/50 |  | 134 | 87448 |
| Morgan Stanley |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.77%, 01/24/29 |  | 1 | 986 |
| &nbsp;&nbsp;&nbsp; 4.99%, 04/12/29 |  | 4373 | 4436616 |
| &nbsp;&nbsp;&nbsp; 5.23%, 01/15/31 |  | 3598 | 3683248 |
| &nbsp;&nbsp;&nbsp; 5.19%, 04/17/31 |  | 5507 | 5645389 |
| Siemens Funding BV |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.80%, 05/28/55<sup>(a)</sup> |  | 200 | 205943 |
| &nbsp;&nbsp;&nbsp; 5.90%, 05/28/65<sup>(a)</sup> |  | 200 | 207168 |
| UBS AG, 4.86%, 01/10/28 |  | 575 | 579674 |
| UBS Group AG |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.58%, 05/09/36<sup>(a)</sup> |  | 515 | 526647 |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/15/45 |  | 618 | 555157 |
|  |  |  | 27446578 |
| **Chemicals — 0.9%** | **Chemicals — 0.9%** | **Chemicals — 0.9%** | **Chemicals — 0.9%** |
| DuPont de Nemours, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.73%, 11/15/28 |  | 3110 | 3157212 |
| &nbsp;&nbsp;&nbsp; 5.32%, 11/15/38 |  | 610 | 631436 |
| &nbsp;&nbsp;&nbsp; 5.42%, 11/15/48 |  | 81 | 81570 |
| Ecolab, Inc., 4.30%, 06/15/28 |  | 190 | 191323 |
|  |  |  | 4061541 |
| **Commercial Services & Supplies — 0.3%** | **Commercial Services & Supplies — 0.3%** | **Commercial Services & Supplies — 0.3%** | **Commercial Services & Supplies — 0.3%** |
| President & Fellows of Harvard College |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.26%, 03/15/36 |  | 585 | 606124 |
| &nbsp;&nbsp;&nbsp; 3.62%, 10/01/37 |  | 43 | 37745 |
| &nbsp;&nbsp;&nbsp; Trustees of Princeton University (The), 4.65%, <br> 07/01/30<br>|  | 435 | 445196 |
| Yale University, Series 2025, 4.70%, 04/15/32 |  | 310 | 314385 |
|  |  |  | 1403450 |
| **Communications Equipment — 0.9%** | **Communications Equipment — 0.9%** | **Communications Equipment — 0.9%** | **Communications Equipment — 0.9%** |
| Motorola Solutions, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.30%, 11/15/30 |  | 388 | 344426 |
| &nbsp;&nbsp;&nbsp; 5.60%, 06/01/32 |  | 88 | 91671 |
| &nbsp;&nbsp;&nbsp; 5.20%, 08/15/32 |  | 2201 | 2237779 |
| &nbsp;&nbsp;&nbsp; 5.40%, 04/15/34 |  | 1207 | 1230963 |
|  |  |  | 3904839 |
| **Construction Materials — 0.1%** | **Construction Materials — 0.1%** | **Construction Materials — 0.1%** | **Construction Materials — 0.1%** |
| CRH America Finance, Inc., 4.50%, 04/04/48<sup>(a)</sup> |  | 306 | 257700 |
| **Consumer Finance — 3.5%** | **Consumer Finance — 3.5%** | **Consumer Finance — 3.5%** | **Consumer Finance — 3.5%** |
| Ally Financial, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/20/25 |  | 959 | 961180 |
| &nbsp;&nbsp;&nbsp; 5.74%, 05/15/29 |  | 1674 | 1703802 |
| &nbsp;&nbsp;&nbsp; 8.00%, 11/01/31 |  | 1315 | 1486259 |
| &nbsp;&nbsp;&nbsp; 6.65%, 01/17/40 |  | 158 | 155330 |
| American Express Co., 5.67%, 04/25/36 |  | 264 | 273380 |
| Capital One Financial Corp., 6.18%, 01/30/36 |  | 390 | 397038 |
| Ford Motor Credit Co. LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.70%, 08/10/26 |  | 200 | 194724 |
| &nbsp;&nbsp;&nbsp; 5.85%, 05/17/27 |  | 861 | 867553 |
| &nbsp;&nbsp;&nbsp; 6.05%, 11/05/31 |  | 525 | 522292 |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/08/34 |  | 200 | 194691 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/07/35 |  | 2988 | 2983866 |
| General Motors Financial Co., Inc., 1.50%, 06/10/26 |  | 962 | 933871 |
| Hyundai Capital America, 4.88%, 06/23/27<sup>(a)</sup> |  | 790 | 794557 |
| Synchrony Financial |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 03/19/29 |  | 440 | 441776 |

---

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**BATS: Series C Portfolio**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Consumer Finance (continued)** | **Consumer Finance (continued)** | **Consumer Finance (continued)** | **Consumer Finance (continued)** |
| Synchrony Financial |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.45%, 03/06/31 | USD  | 1415 | $1427337 |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/02/33 |  | 807 | 844400 |
| Toyota Motor Credit Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.05%, 05/16/29 |  | 1106 | 1135345 |
| &nbsp;&nbsp;&nbsp; 4.60%, 10/10/31 |  | 138 | 138306 |
|  |  |  | 15455707 |
| **Consumer Staples Distribution & Retail — 0.2%** | **Consumer Staples Distribution & Retail — 0.2%** | **Consumer Staples Distribution & Retail — 0.2%** | **Consumer Staples Distribution & Retail — 0.2%** |
| CVS Health Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 06/01/26 |  | 89 | 87643 |
| &nbsp;&nbsp;&nbsp; 2.70%, 08/21/40 |  | 128 | 88260 |
| &nbsp;&nbsp;&nbsp; 4.25%, 04/01/50 |  | 116 | 87760 |
| Target Corp., 5.25%, 02/15/36 |  | 585 | 590438 |
|  |  |  | 854101 |
| **Containers & Packaging — 1.1%** | **Containers & Packaging — 1.1%** | **Containers & Packaging — 1.1%** | **Containers & Packaging — 1.1%** |
| &nbsp;&nbsp;&nbsp; Amcor Flexibles North America, Inc., 5.50%, <br> 03/17/35<sup>(a)</sup><br>|  | 1075 | 1090658 |
| Berry Global, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.57%, 01/15/26 |  | 1819 | 1786478 |
| &nbsp;&nbsp;&nbsp; 5.80%, 06/15/31 |  | 1961 | 2060643 |
|  |  |  | 4937779 |
| **Diversified Consumer Services — 0.2%** | **Diversified Consumer Services — 0.2%** | **Diversified Consumer Services — 0.2%** | **Diversified Consumer Services — 0.2%** |
| &nbsp;&nbsp;&nbsp; United Rentals North America, Inc., 6.00%, <br> 12/15/29<sup>(a)</sup><br>|  | 759 | 777353 |
| **Diversified REITs — 2.0%** | **Diversified REITs — 2.0%** | **Diversified REITs — 2.0%** | **Diversified REITs — 2.0%** |
| American Tower Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.90%, 01/15/30 |  | 1177 | 1096755 |
| &nbsp;&nbsp;&nbsp; 1.88%, 10/15/30 |  | 1040 | 904004 |
| &nbsp;&nbsp;&nbsp; 5.90%, 11/15/33 |  | 99 | 104445 |
| &nbsp;&nbsp;&nbsp; 5.40%, 01/31/35 |  | 1741 | 1777288 |
| &nbsp;&nbsp;&nbsp; 5.35%, 03/15/35 |  | 239 | 243123 |
| Crown Castle, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.05%, 07/15/26 |  | 1911 | 1840506 |
| &nbsp;&nbsp;&nbsp; 2.90%, 03/15/27 |  | 1067 | 1038027 |
| &nbsp;&nbsp;&nbsp; 3.65%, 09/01/27 |  | 86 | 84519 |
| Equinix, Inc., 2.95%, 09/15/51 |  | 471 | 290337 |
| GLP Capital LP/GLP Financing II, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.30%, 01/15/29 |  | 165 | 166830 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/15/30 |  | 213 | 204691 |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/15/54 |  | 462 | 450982 |
| VICI Properties LP, 5.13%, 11/15/31 |  | 458 | 458568 |
|  |  |  | 8660075 |
| **Diversified Telecommunication Services — 0.7%** | **Diversified Telecommunication Services — 0.7%** | **Diversified Telecommunication Services — 0.7%** | **Diversified Telecommunication Services — 0.7%** |
| AT&T Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.05%, 08/15/56 |  | 655 | 668438 |
| &nbsp;&nbsp;&nbsp; 3.65%, 09/15/59 |  | 334 | 224082 |
| Sprint Capital Corp., 6.88%, 11/15/28 |  | 1954 | 2097692 |
|  |  |  | 2990212 |
| **Electric Utilities — 8.4%** | **Electric Utilities — 8.4%** | **Electric Utilities — 8.4%** | **Electric Utilities — 8.4%** |
| AEP Transmission Co. LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 04/01/34 |  | 141 | 142610 |
| &nbsp;&nbsp;&nbsp; 5.38%, 06/15/35 |  | 107 | 109328 |
| &nbsp;&nbsp;&nbsp; 3.75%, 12/01/47 |  | 155 | 117349 |
| &nbsp;&nbsp;&nbsp; Series N, 2.75%, 08/15/51 |  | 310 | 189640 |
| AES Corp. (The) |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.30%, 07/15/25<sup>(a)</sup> |  | 862 | 861039 |
| &nbsp;&nbsp;&nbsp; 1.38%, 01/15/26 |  | 354 | 347271 |
| &nbsp;&nbsp;&nbsp; 5.45%, 06/01/28 |  | 433 | 442478 |
| &nbsp;&nbsp;&nbsp; 5.80%, 03/15/32 |  | 1000 | 1015275 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** |
| Alabama Power Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.70%, 02/15/33 | USD  | 810 | $844607 |
| &nbsp;&nbsp;&nbsp; 3.45%, 10/01/49 |  | 349 | 247667 |
| &nbsp;&nbsp;&nbsp; Series B, 3.70%, 12/01/47 |  | 605 | 460815 |
| Baltimore Gas & Electric Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 08/15/47 |  | 386 | 292402 |
| &nbsp;&nbsp;&nbsp; 4.25%, 09/15/48 |  | 384 | 311572 |
| &nbsp;&nbsp;&nbsp; 3.20%, 09/15/49 |  | 358 | 242739 |
| &nbsp;&nbsp;&nbsp; 2.90%, 06/15/50 |  | 182 | 113800 |
| Berkshire Hathaway Energy Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.80%, 07/15/48 |  | 144 | 108684 |
| &nbsp;&nbsp;&nbsp; 2.85%, 05/15/51 |  | 342 | 209441 |
| Colbun SA, 3.15%, 01/19/32<sup>(a)</sup> |  | 615 | 545659 |
| &nbsp;&nbsp;&nbsp; Constellation Energy Generation LLC, 5.75%, <br> 03/15/54<br>|  | 147 | 144005 |
| Dominion Energy, Inc., 4.60%, 05/15/28 |  | 775 | 780106 |
| DTE Electric Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 06/01/46 |  | 112 | 85242 |
| &nbsp;&nbsp;&nbsp; 3.95%, 03/01/49 |  | 176 | 138129 |
| &nbsp;&nbsp;&nbsp; 5.85%, 05/15/55 |  | 85 | 87023 |
| Duke Energy Carolinas LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 11/15/28 |  | 1278 | 1274890 |
| &nbsp;&nbsp;&nbsp; 2.45%, 08/15/29 |  | 227 | 211729 |
| &nbsp;&nbsp;&nbsp; 2.45%, 02/01/30 |  | 424 | 391742 |
| &nbsp;&nbsp;&nbsp; 4.85%, 03/15/30 |  | 355 | 362805 |
| &nbsp;&nbsp;&nbsp; 3.70%, 12/01/47 |  | 184 | 138421 |
| &nbsp;&nbsp;&nbsp; 3.45%, 04/15/51 |  | 117 | 82856 |
| Duke Energy Florida LLC, 4.20%, 07/15/48 |  | 252 | 201868 |
| Duke Energy Indiana LLC, 5.90%, 05/15/55 |  | 290 | 298076 |
| Duke Energy Progress LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.45%, 03/15/29 |  | 1339 | 1302635 |
| &nbsp;&nbsp;&nbsp; 4.20%, 08/15/45 |  | 122 | 100333 |
| &nbsp;&nbsp;&nbsp; 3.70%, 10/15/46 |  | 250 | 188704 |
| Enel Americas SA, 4.00%, 10/25/26 |  | 232 | 229680 |
| Enel Finance International NV |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.05%, 10/14/25<sup>(a)</sup> |  | 550 | 553233 |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/15/27<sup>(a)</sup> |  | 701 | 703579 |
| Eversource Energy |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.60%, 07/01/27 |  | 84 | 84396 |
| &nbsp;&nbsp;&nbsp; 3.45%, 01/15/50 |  | 174 | 121703 |
| FirstEnergy Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 3.90%, 07/15/27 |  | 674 | 666443 |
| &nbsp;&nbsp;&nbsp; Series C, 4.85%, 07/15/47 |  | 160 | 135956 |
| &nbsp;&nbsp;&nbsp; Series C, 3.40%, 03/01/50 |  | 1329 | 900703 |
| FirstEnergy Transmission LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/35 |  | 638 | 631134 |
| &nbsp;&nbsp;&nbsp; 4.55%, 04/01/49<sup>(a)</sup> |  | 175 | 148331 |
| &nbsp;&nbsp;&nbsp; 4.55%, 04/01/49<sup>(c)</sup> |  | 158 | 133921 |
| Florida Power & Light Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.95%, 02/01/38 |  | 77 | 82730 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/01/41 |  | 112 | 107166 |
| &nbsp;&nbsp;&nbsp; 4.05%, 10/01/44 |  | 205 | 169174 |
| &nbsp;&nbsp;&nbsp; 4.13%, 06/01/48 |  | 106 | 86105 |
| &nbsp;&nbsp;&nbsp; 3.15%, 10/01/49 |  | 126 | 85136 |
| &nbsp;&nbsp;&nbsp; 5.60%, 06/15/54 |  | 86 | 85607 |
| Georgia Power Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.70%, 05/15/32 |  | 514 | 513900 |
| &nbsp;&nbsp;&nbsp; 5.20%, 03/15/35 |  | 1484 | 1504651 |
| Interstate Power & Light Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.70%, 10/15/33 |  | 111 | 115253 |
| &nbsp;&nbsp;&nbsp; 4.95%, 09/30/34 |  | 173 | 169574 |
| &nbsp;&nbsp;&nbsp; 5.60%, 06/29/35 |  | 136 | 139790 |

---

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**BATS: Series C Portfolio**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** |
| MidAmerican Energy Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 08/01/47 | USD  | 308 | $243083 |
| &nbsp;&nbsp;&nbsp; 3.15%, 04/15/50 |  | 296 | 199696 |
| &nbsp;&nbsp;&nbsp; 2.70%, 08/01/52 |  | 143 | 88518 |
| &nbsp;&nbsp;&nbsp; 5.85%, 09/15/54 |  | 157 | 161583 |
| NextEra Energy Capital Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.85%, 02/04/28 |  | 192 | 194641 |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/15/30 |  | 407 | 416472 |
| Northern States Power Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.60%, 09/15/47 |  | 124 | 92654 |
| &nbsp;&nbsp;&nbsp; 2.60%, 06/01/51 |  | 151 | 91141 |
| &nbsp;&nbsp;&nbsp; 5.65%, 05/15/55 |  | 93 | 92828 |
| NRG Energy, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.45%, 12/02/27<sup>(a)</sup> |  | 330 | 313207 |
| &nbsp;&nbsp;&nbsp; 4.45%, 06/15/29<sup>(a)</sup> |  | 211 | 207587 |
| Ohio Power Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.15%, 04/01/48 |  | 628 | 485261 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/01/49 |  | 270 | 204629 |
| &nbsp;&nbsp;&nbsp; Series D, 6.60%, 03/01/33 |  | 194 | 211721 |
| Pacific Gas & Electric Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 02/01/31 |  | 1251 | 1085932 |
| &nbsp;&nbsp;&nbsp; 3.30%, 08/01/40 |  | 189 | 135210 |
| &nbsp;&nbsp;&nbsp; 4.25%, 03/15/46 |  | 620 | 461233 |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/01/46 |  | 670 | 479688 |
| &nbsp;&nbsp;&nbsp; 3.95%, 12/01/47 |  | 406 | 286432 |
| &nbsp;&nbsp;&nbsp; 4.95%, 07/01/50 |  | 177 | 142663 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/01/52 |  | 1859 | 1546724 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/53 |  | 85 | 85522 |
| &nbsp;&nbsp;&nbsp; 6.70%, 04/01/53 |  | 131 | 131355 |
| &nbsp;&nbsp;&nbsp; 5.90%, 10/01/54 |  | 142 | 128744 |
| &nbsp;&nbsp;&nbsp; 6.15%, 03/01/55 |  | 257 | 239786 |
| PECO Energy Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.95%, 10/01/36 |  | 80 | 85237 |
| &nbsp;&nbsp;&nbsp; 4.38%, 08/15/52 |  | 311 | 257182 |
| Pinnacle West Capital Corp., 5.15%, 05/15/30 |  | 851 | 871150 |
| PPL Capital Funding, Inc., 5.25%, 09/01/34 |  | 555 | 559463 |
| Public Service Electric & Gas Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.70%, 12/01/36 |  | 94 | 98180 |
| &nbsp;&nbsp;&nbsp; 3.85%, 05/01/49 |  | 111 | 85990 |
| &nbsp;&nbsp;&nbsp; 3.20%, 08/01/49 |  | 199 | 138080 |
| &nbsp;&nbsp;&nbsp; 3.00%, 03/01/51 |  | 135 | 88002 |
| &nbsp;&nbsp;&nbsp; San Diego Gas & Electric Co., Series RRR, 3.75%, <br> 06/01/47<br>|  | 108 | 79927 |
| Southern California Edison Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 09/06/26 |  | 735 | 733714 |
| &nbsp;&nbsp;&nbsp; 2.75%, 02/01/32 |  | 191 | 164389 |
| &nbsp;&nbsp;&nbsp; 3.65%, 02/01/50 |  | 167 | 110378 |
| &nbsp;&nbsp;&nbsp; Series 20A, 2.95%, 02/01/51 |  | 1533 | 896398 |
| &nbsp;&nbsp;&nbsp; Series E, 3.70%, 08/01/25 |  | 87 | 86891 |
| &nbsp;&nbsp;&nbsp; Series E, 5.45%, 06/01/52 |  | 165 | 142407 |
| &nbsp;&nbsp;&nbsp; Series H, 3.65%, 06/01/51 |  | 207 | 136849 |
| Southern Co. (The) |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 06/15/33 |  | 177 | 180088 |
| &nbsp;&nbsp;&nbsp; 4.25%, 07/01/36 |  | 1754 | 1603830 |
| System Energy Resources, Inc., 5.30%, 12/15/34 |  | 290 | 286601 |
| &nbsp;&nbsp;&nbsp; Trans-Allegheny Interstate Line Co., 5.00%, <br> 01/15/31<sup>(a)</sup><br>|  | 1101 | 1120179 |
| Vistra Operations Co. LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.95%, 10/15/33<sup>(a)</sup> |  | 121 | 132868 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/34<sup>(a)</sup> |  | 411 | 426807 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** |
| Vistra Operations Co. LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.70%, 12/30/34<sup>(a)</sup> | USD  | 1055 | $1074305 |
| Wisconsin Electric Power Co., 5.05%, 10/01/54 |  | 181 | 162961 |
|  |  |  | 37007291 |
| **Electrical Equipment — 0.1%** | **Electrical Equipment — 0.1%** | **Electrical Equipment — 0.1%** | **Electrical Equipment — 0.1%** |
| Otis Worldwide Corp., 5.25%, 08/16/28 |  | 282 | 290295 |
| **Electronic Equipment, Instruments & Components — 0.5%** | **Electronic Equipment, Instruments & Components — 0.5%** | **Electronic Equipment, Instruments & Components — 0.5%** | **Electronic Equipment, Instruments & Components — 0.5%** |
| Amphenol Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.05%, 04/05/27 |  | 230 | 233559 |
| &nbsp;&nbsp;&nbsp; 4.38%, 06/12/28 |  | 1273 | 1281864 |
| &nbsp;&nbsp;&nbsp; 4.35%, 06/01/29 |  | 817 | 820505 |
|  |  |  | 2335928 |
| **Financial Services — 1.6%** | **Financial Services — 1.6%** | **Financial Services — 1.6%** | **Financial Services — 1.6%** |
| &nbsp;&nbsp;&nbsp; Andiron Financing LLC, (1-mo. CME Term SOFR + <br> 3.00%), 7.31%, 01/21/30<sup>(d)(e)</sup><br>|  | 80 | 80000 |
| &nbsp;&nbsp;&nbsp; AT&T Reign II Multi-Property Lease-Backed Pass-<br> Through Trust, 6.09%, 12/15/44<sup>(a)</sup><br>|  | 1935 | 1936054 |
| Aviation Capital Group LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.95%, 01/30/26<sup>(a)</sup> |  | 157 | 154510 |
| &nbsp;&nbsp;&nbsp; 1.95%, 09/20/26<sup>(a)</sup> |  | 567 | 548778 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/14/27<sup>(a)</sup> |  | 503 | 503481 |
| Glencore Funding LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 09/01/30<sup>(a)</sup> |  | 255 | 229764 |
| &nbsp;&nbsp;&nbsp; 5.70%, 05/08/33<sup>(a)</sup> |  | 803 | 830208 |
| &nbsp;&nbsp;&nbsp; 5.67%, 04/01/35<sup>(a)</sup> |  | 424 | 432548 |
| &nbsp;&nbsp;&nbsp; 6.14%, 04/01/55<sup>(a)</sup> |  | 2 | 2022 |
| Nasdaq, Inc., 5.55%, 02/15/34 |  | 249 | 259425 |
| &nbsp;&nbsp;&nbsp; TER Finance Jersey Ltd., Series 22, 0.00%, <br> 10/02/25<sup>(a)(f)</sup><br>|  | 2226 | 2175915 |
|  |  |  | 7152705 |
| **Food Products — 0.2%** | **Food Products — 0.2%** | **Food Products — 0.2%** | **Food Products — 0.2%** |
| Mars, Inc., 5.70%, 05/01/55<sup>(a)</sup> |  | 928 | 925735 |
| **Gas Utilities — 0.0%** | **Gas Utilities — 0.0%** | **Gas Utilities — 0.0%** | **Gas Utilities — 0.0%** |
| Atmos Energy Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.85%, 02/15/52 |  | 173 | 106829 |
| &nbsp;&nbsp;&nbsp; 5.75%, 10/15/52 |  | 115 | 114952 |
|  |  |  | 221781 |
| **Ground Transportation — 1.5%** | **Ground Transportation — 1.5%** | **Ground Transportation — 1.5%** | **Ground Transportation — 1.5%** |
| Burlington Northern Santa Fe LLC, 5.80%, 03/15/56 |  | 1093 | 1124717 |
| CSX Corp., 4.10%, 11/15/32 |  | 590 | 572331 |
| Penske Truck Leasing Co. LP/PTL Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.40%, 11/15/26<sup>(a)</sup> |  | 340 | 334768 |
| &nbsp;&nbsp;&nbsp; 5.35%, 01/12/27<sup>(a)</sup> |  | 387 | 391383 |
| &nbsp;&nbsp;&nbsp; 4.20%, 04/01/27<sup>(a)</sup> |  | 128 | 127413 |
| &nbsp;&nbsp;&nbsp; 4.40%, 07/01/27<sup>(a)</sup> |  | 391 | 390434 |
| &nbsp;&nbsp;&nbsp; 6.05%, 08/01/28<sup>(a)</sup> |  | 1308 | 1362737 |
| Ryder System, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.85%, 03/01/27 |  | 565 | 550323 |
| &nbsp;&nbsp;&nbsp; 5.30%, 03/15/27 |  | 94 | 95400 |
| &nbsp;&nbsp;&nbsp; 4.30%, 06/15/27 |  | 246 | 246166 |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/01/28 |  | 402 | 412444 |
| Uber Technologies, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.80%, 09/15/34 |  | 163 | 160105 |
| &nbsp;&nbsp;&nbsp; 5.35%, 09/15/54 |  | 701 | 653864 |
|  |  |  | 6422085 |
| **Health Care Equipment & Supplies — 1.5%** | **Health Care Equipment & Supplies — 1.5%** | **Health Care Equipment & Supplies — 1.5%** | **Health Care Equipment & Supplies — 1.5%** |
| Baxter International, Inc., 2.54%, 02/01/32 |  | 665 | 579604 |
| Becton Dickinson & Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.69%, 02/13/28 |  | 702 | 708860 |

---

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**BATS: Series C Portfolio**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Health Care Equipment & Supplies (continued)** | **Health Care Equipment & Supplies (continued)** | **Health Care Equipment & Supplies (continued)** | **Health Care Equipment & Supplies (continued)** |
| Becton Dickinson & Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.08%, 06/07/29 | USD  | 125 | $127720 |
| &nbsp;&nbsp;&nbsp; 2.82%, 05/20/30 |  | 998 | 923867 |
| Solventum Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.60%, 03/23/34 |  | 2332 | 2399968 |
| &nbsp;&nbsp;&nbsp; 5.90%, 04/30/54 |  | 1651 | 1650455 |
|  |  |  | 6390474 |
| **Health Care Providers & Services — 3.2%** | **Health Care Providers & Services — 3.2%** | **Health Care Providers & Services — 3.2%** | **Health Care Providers & Services — 3.2%** |
| Aetna, Inc., 3.88%, 08/15/47 |  | 354 | 257680 |
| Banner Health |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.91%, 01/01/42 |  | 212 | 148264 |
| &nbsp;&nbsp;&nbsp; Series 2020, 3.18%, 01/01/50 |  | 116 | 75938 |
| Centene Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 02/15/30 |  | 2600 | 2394687 |
| &nbsp;&nbsp;&nbsp; 3.00%, 10/15/30 |  | 226 | 201936 |
| &nbsp;&nbsp;&nbsp; 2.63%, 08/01/31 |  | 527 | 451535 |
| CommonSpirit Health |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.78%, 10/01/30 |  | 258 | 236185 |
| &nbsp;&nbsp;&nbsp; 5.21%, 12/01/31 |  | 171 | 175461 |
| &nbsp;&nbsp;&nbsp; 3.82%, 10/01/49 |  | 182 | 132615 |
| &nbsp;&nbsp;&nbsp; 3.91%, 10/01/50 |  | 292 | 216192 |
| Elevance Health, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.85%, 01/15/36 |  | 229 | 240118 |
| &nbsp;&nbsp;&nbsp; 4.55%, 03/01/48 |  | 174 | 145005 |
| &nbsp;&nbsp;&nbsp; 3.60%, 03/15/51 |  | 193 | 135829 |
| &nbsp;&nbsp;&nbsp; 6.10%, 10/15/52 |  | 104 | 105983 |
| &nbsp;&nbsp;&nbsp; 5.65%, 06/15/54 |  | 152 | 146059 |
| &nbsp;&nbsp;&nbsp; 5.70%, 02/15/55 |  | 662 | 641513 |
| HCA, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/01/35 |  | 303 | 311597 |
| &nbsp;&nbsp;&nbsp; 3.50%, 07/15/51 |  | 257 | 170243 |
| &nbsp;&nbsp;&nbsp; 5.90%, 06/01/53 |  | 155 | 149661 |
| &nbsp;&nbsp;&nbsp; 6.20%, 03/01/55 |  | 2574 | 2592333 |
| &nbsp;&nbsp;&nbsp; Hoag Memorial Hospital Presbyterian, 3.80%, <br> 07/15/52<br>|  | 137 | 103214 |
| Humana, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 12/01/42 |  | 103 | 85465 |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/15/47 |  | 139 | 115037 |
| &nbsp;&nbsp;&nbsp; 3.95%, 08/15/49 |  | 118 | 85057 |
| Memorial Health Services, 3.45%, 11/01/49 |  | 191 | 135997 |
| &nbsp;&nbsp;&nbsp; Mount Nittany Medical Center Obligated Group, <br> Series 2022, 3.80%, 11/15/52<br>|  | 140 | 103814 |
| Nationwide Children's Hospital, Inc., 4.56%, 11/01/52 |  | 151 | 128712 |
| Sutter Health |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, 4.09%, 08/15/48 |  | 223 | 178042 |
| &nbsp;&nbsp;&nbsp; Series 20A, 2.29%, 08/15/30 |  | 398 | 359446 |
| UnitedHealth Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 06/15/28 |  | 470 | 472328 |
| &nbsp;&nbsp;&nbsp; 5.30%, 06/15/35 |  | 245 | 249710 |
| &nbsp;&nbsp;&nbsp; 3.50%, 08/15/39 |  | 123 | 99262 |
| &nbsp;&nbsp;&nbsp; 2.75%, 05/15/40 |  | 123 | 89237 |
| &nbsp;&nbsp;&nbsp; 5.70%, 10/15/40 |  | 167 | 170549 |
| &nbsp;&nbsp;&nbsp; 5.95%, 02/15/41 |  | 97 | 99905 |
| &nbsp;&nbsp;&nbsp; 3.95%, 10/15/42 |  | 318 | 257497 |
| &nbsp;&nbsp;&nbsp; 4.25%, 03/15/43 |  | 140 | 117573 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/15/44 |  | 89 | 86685 |
| &nbsp;&nbsp;&nbsp; 4.75%, 07/15/45 |  | 345 | 305259 |
| &nbsp;&nbsp;&nbsp; 4.20%, 01/15/47 |  | 344 | 276361 |
| &nbsp;&nbsp;&nbsp; 4.25%, 04/15/47 |  | 356 | 288152 |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/15/48 |  | 250 | 200882 |
| &nbsp;&nbsp;&nbsp; 3.25%, 05/15/51 |  | 404 | 267973 |
| &nbsp;&nbsp;&nbsp; 5.88%, 02/15/53 |  | 178 | 178342 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** |
| UnitedHealth Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 04/15/54 | USD  | 188 | $175746 |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/15/54 |  | 259 | 251235 |
| &nbsp;&nbsp;&nbsp; 5.95%, 06/15/55 |  | 65 | 66012 |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/15/59 |  | 265 | 186734 |
|  |  |  | 14063060 |
| **Health Care REITs — 1.4%** | **Health Care REITs — 1.4%** | **Health Care REITs — 1.4%** | **Health Care REITs — 1.4%** |
| DOC DR LLC, 2.63%, 11/01/31 |  | 349 | 307905 |
| Healthpeak OP LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 01/15/30 |  | 90 | 84384 |
| &nbsp;&nbsp;&nbsp; 5.25%, 12/15/32 |  | 126 | 128225 |
| Ventas Realty LP, 5.00%, 01/15/35 |  | 1102 | 1083144 |
| Welltower OP LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.05%, 01/15/29 |  | 93 | 86148 |
| &nbsp;&nbsp;&nbsp; 4.13%, 03/15/29 |  | 87 | 86491 |
| &nbsp;&nbsp;&nbsp; 3.10%, 01/15/30 |  | 1048 | 992464 |
| &nbsp;&nbsp;&nbsp; 4.50%, 07/01/30 |  | 1410 | 1416674 |
| &nbsp;&nbsp;&nbsp; 2.80%, 06/01/31 |  | 473 | 429653 |
| &nbsp;&nbsp;&nbsp; 2.75%, 01/15/32 |  | 233 | 207991 |
| &nbsp;&nbsp;&nbsp; 5.13%, 07/01/35 |  | 1110 | 1114322 |
|  |  |  | 5937401 |
| **Independent Power and Renewable Electricity Producers — 0.4%** | **Independent Power and Renewable Electricity Producers — 0.4%** | **Independent Power and Renewable Electricity Producers — 0.4%** | **Independent Power and Renewable Electricity Producers — 0.4%** |
| Algonquin Power & Utilities Corp., 5.37%, 06/15/26<sup>(g)</sup> |  | 1715 | 1724131 |
| **Industrial Conglomerates — 1.0%** | **Industrial Conglomerates — 1.0%** | **Industrial Conglomerates — 1.0%** | **Industrial Conglomerates — 1.0%** |
| 3M Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 03/15/35 |  | 1299 | 1310558 |
| &nbsp;&nbsp;&nbsp; 3.63%, 10/15/47 |  | 201 | 148506 |
| &nbsp;&nbsp;&nbsp; 3.25%, 08/26/49 |  | 476 | 321914 |
| &nbsp;&nbsp;&nbsp; 3.70%, 04/15/50 |  | 772 | 567092 |
| Honeywell International, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.70%, 02/01/30 |  | 728 | 738847 |
| &nbsp;&nbsp;&nbsp; 4.95%, 09/01/31 |  | 727 | 746572 |
| &nbsp;&nbsp;&nbsp; 2.80%, 06/01/50 |  | 406 | 256932 |
| John Deere Capital Corp., 4.20%, 07/15/27 |  | 515 | 516236 |
|  |  |  | 4606657 |
| **Industrial REITs — 0.1%** | **Industrial REITs — 0.1%** | **Industrial REITs — 0.1%** | **Industrial REITs — 0.1%** |
| Prologis LP, 1.75%, 07/01/30 |  | 588 | 516975 |
| **Insurance — 0.9%** | **Insurance — 0.9%** | **Insurance — 0.9%** | **Insurance — 0.9%** |
| AEGON Funding Co. LLC, 5.50%, 04/16/27<sup>(a)</sup> |  | 1807 | 1828949 |
| Aon Corp., 6.25%, 09/30/40 |  | 178 | 189112 |
| Aon Global Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.60%, 06/14/44 |  | 98 | 85027 |
| &nbsp;&nbsp;&nbsp; 4.75%, 05/15/45 |  | 129 | 112665 |
| Athene Holding Ltd., 6.63%, 05/19/55 |  | 614 | 632651 |
| Marsh & McLennan Cos., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 11/15/30 |  | 159 | 142359 |
| &nbsp;&nbsp;&nbsp; 4.85%, 11/15/31 |  | 113 | 114744 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/35 |  | 165 | 164948 |
| &nbsp;&nbsp;&nbsp; 4.35%, 01/30/47 |  | 101 | 85487 |
| &nbsp;&nbsp;&nbsp; 4.90%, 03/15/49 |  | 215 | 194213 |
| &nbsp;&nbsp;&nbsp; Swiss RE Subordinated Finance PLC, 6.19%, <br> 04/01/46<sup>(a)</sup><br>|  | 400 | 399847 |
|  |  |  | 3950002 |
| **Interactive Media & Services — 1.2%** | **Interactive Media & Services — 1.2%** | **Interactive Media & Services — 1.2%** | **Interactive Media & Services — 1.2%** |
| Meta Platforms, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.45%, 08/15/52 |  | 699 | 589332 |
| &nbsp;&nbsp;&nbsp; 5.60%, 05/15/53 |  | 103 | 102999 |
| &nbsp;&nbsp;&nbsp; 4.65%, 08/15/62 |  | 2005 | 1690112 |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/15/63 |  | 104 | 105129 |
| &nbsp;&nbsp;&nbsp; 5.55%, 08/15/64 |  | 1009 | 986032 |

---

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**BATS: Series C Portfolio**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Interactive Media & Services (continued)** | **Interactive Media & Services (continued)** | **Interactive Media & Services (continued)** | **Interactive Media & Services (continued)** |
| Netflix, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/15/30<sup>(a)</sup> | USD  | 1610 | $1647306 |
| &nbsp;&nbsp;&nbsp; 5.40%, 08/15/54 |  | 94 | 92767 |
|  |  |  | 5213677 |
| **IT Services — 1.6%** | **IT Services — 1.6%** | **IT Services — 1.6%** | **IT Services — 1.6%** |
| Fidelity National Information Services, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.10%, 03/01/41 |  | 411 | 301974 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/15/46 |  | 59 | 48506 |
| Fiserv, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.35%, 03/15/31 |  | 206 | 213579 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/21/33 |  | 224 | 232913 |
| &nbsp;&nbsp;&nbsp; 5.45%, 03/15/34 |  | 85 | 87066 |
| &nbsp;&nbsp;&nbsp; 5.15%, 08/12/34 |  | 349 | 350276 |
| Foundry JV Holdco LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.10%, 01/25/36<sup>(a)</sup> |  | 2827 | 2924851 |
| &nbsp;&nbsp;&nbsp; 6.20%, 01/25/37<sup>(a)</sup> |  | 233 | 242527 |
| Global Payments, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.20%, 03/01/26 |  | 304 | 296859 |
| &nbsp;&nbsp;&nbsp; 4.80%, 04/01/26 |  | 1125 | 1124394 |
| &nbsp;&nbsp;&nbsp; 2.90%, 05/15/30 |  | 93 | 85503 |
| International Business Machines Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 05/15/50 |  | 135 | 85975 |
| &nbsp;&nbsp;&nbsp; 3.43%, 02/09/52 |  | 332 | 228416 |
| Mastercard, Inc., 4.10%, 01/15/28 |  | 868 | 871815 |
|  |  |  | 7094654 |
| **Life Sciences Tools & Services — 0.3%** | **Life Sciences Tools & Services — 0.3%** | **Life Sciences Tools & Services — 0.3%** | **Life Sciences Tools & Services — 0.3%** |
| Agilent Technologies, Inc., 4.20%, 09/09/27 |  | 1231 | 1230508 |
| **Machinery — 0.3%** | **Machinery — 0.3%** | **Machinery — 0.3%** | **Machinery — 0.3%** |
| Ingersoll Rand, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.31%, 06/15/31 |  | 113 | 117153 |
| &nbsp;&nbsp;&nbsp; 5.70%, 08/14/33 |  | 687 | 719426 |
| &nbsp;&nbsp;&nbsp; 5.45%, 06/15/34 |  | 423 | 434999 |
|  |  |  | 1271578 |
| **Media — 2.4%** | **Media — 2.4%** | **Media — 2.4%** | **Media — 2.4%** |
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/01/42 |  | 92 | 65600 |
| &nbsp;&nbsp;&nbsp; 5.13%, 07/01/49 |  | 86 | 71506 |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/01/50 |  | 179 | 143212 |
| &nbsp;&nbsp;&nbsp; 3.70%, 04/01/51 |  | 1581 | 1053120 |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/01/53 |  | 64 | 54374 |
| &nbsp;&nbsp;&nbsp; 3.85%, 04/01/61 |  | 932 | 597108 |
| &nbsp;&nbsp;&nbsp; 4.40%, 12/01/61 |  | 3448 | 2417689 |
| &nbsp;&nbsp;&nbsp; 3.95%, 06/30/62 |  | 1825 | 1175877 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/01/63 |  | 171 | 144593 |
| Comcast Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.60%, 08/15/45 |  | 621 | 535514 |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/15/47 |  | 792 | 613902 |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/01/49 |  | 259 | 196852 |
| &nbsp;&nbsp;&nbsp; 2.80%, 01/15/51 |  | 977 | 585821 |
| &nbsp;&nbsp;&nbsp; 2.45%, 08/15/52 |  | 460 | 250791 |
| Cox Communications, Inc., 5.95%, 09/01/54<sup>(a)</sup> |  | 763 | 708351 |
| Paramount Global |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 10/04/26 |  | 177 | 172976 |
| &nbsp;&nbsp;&nbsp; 2.90%, 01/15/27 |  | 668 | 650204 |
| &nbsp;&nbsp;&nbsp; 3.38%, 02/15/28 |  | 48 | 46441 |
| &nbsp;&nbsp;&nbsp; 5.85%, 09/01/43 |  | 209 | 181897 |
| &nbsp;&nbsp;&nbsp; 4.90%, 08/15/44 |  | 112 | 86389 |
| Warnermedia Holdings, Inc., 3.76%, 03/15/27 |  | 693 | 673132 |
|  |  |  | 10425349 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Metals & Mining — 0.8%** | **Metals & Mining — 0.8%** | **Metals & Mining — 0.8%** | **Metals & Mining — 0.8%** |
| Freeport-McMoRan, Inc., 5.40%, 11/14/34 | USD  | 1170 | $1188296 |
| Glencore Canada Corp., 6.20%, 06/15/35 |  | 148 | 153273 |
| Rio Tinto Finance U.S.A. PLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/14/35 |  | 340 | 345945 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/14/65 |  | 197 | 197843 |
| Southern Copper Corp., 5.25%, 11/08/42 |  | 200 | 185500 |
| Steel Dynamics, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 10/15/50 |  | 647 | 426535 |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/15/55 |  | 242 | 234565 |
| Vale Overseas Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 07/08/30 |  | 346 | 326569 |
| &nbsp;&nbsp;&nbsp; 6.40%, 06/28/54 |  | 563 | 550338 |
|  |  |  | 3608864 |
| **Multi-Utilities — 0.6%** | **Multi-Utilities — 0.6%** | **Multi-Utilities — 0.6%** | **Multi-Utilities — 0.6%** |
| CenterPoint Energy Houston Electric LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/01/35 |  | 89 | 88891 |
| &nbsp;&nbsp;&nbsp; Series AE, 2.35%, 04/01/31 |  | 328 | 291528 |
| &nbsp;&nbsp;&nbsp; Series AG, 3.00%, 03/01/32 |  | 138 | 124885 |
| CenterPoint Energy Resources Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/01/28 |  | 108 | 110609 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/01/28 |  | 144 | 142803 |
| CMS Energy Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 02/15/27 |  | 259 | 252837 |
| &nbsp;&nbsp;&nbsp; 4.70%, 03/31/43 |  | 101 | 87458 |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/01/44 |  | 95 | 84711 |
| Consumers Energy Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 07/15/47 |  | 234 | 185841 |
| &nbsp;&nbsp;&nbsp; 3.10%, 08/15/50 |  | 244 | 163591 |
| NiSource, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.95%, 06/15/41 |  | 141 | 143448 |
| &nbsp;&nbsp;&nbsp; 5.80%, 02/01/42 |  | 238 | 234077 |
| &nbsp;&nbsp;&nbsp; 5.25%, 02/15/43 |  | 94 | 87682 |
| &nbsp;&nbsp;&nbsp; 4.80%, 02/15/44 |  | 99 | 87382 |
| &nbsp;&nbsp;&nbsp; 5.65%, 02/01/45 |  | 177 | 172614 |
| &nbsp;&nbsp;&nbsp; 4.38%, 05/15/47 |  | 104 | 85499 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/52 |  | 97 | 85783 |
| &nbsp;&nbsp;&nbsp; 5.85%, 04/01/55 |  | 89 | 88066 |
| &nbsp;&nbsp;&nbsp; Virginia Electric & Power Co., Series D, 4.65%, <br> 08/15/43<br>|  | 99 | 86779 |
|  |  |  | 2604484 |
| **Oil, Gas & Consumable Fuels — 8.5%** | **Oil, Gas & Consumable Fuels — 8.5%** | **Oil, Gas & Consumable Fuels — 8.5%** | **Oil, Gas & Consumable Fuels — 8.5%** |
| Cameron LNG LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.30%, 01/15/35<sup>(a)</sup> |  | 408 | 349781 |
| &nbsp;&nbsp;&nbsp; 3.40%, 01/15/38<sup>(a)</sup> |  | 161 | 137177 |
| &nbsp;&nbsp;&nbsp; Cheniere Corpus Christi Holdings LLC, 3.70%, <br> 11/15/29<br>|  | 593 | 572067 |
| Cheniere Energy Partners LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/01/31 |  | 399 | 379681 |
| &nbsp;&nbsp;&nbsp; 3.25%, 01/31/32 |  | 237 | 212455 |
| &nbsp;&nbsp;&nbsp; 5.95%, 06/30/33 |  | 505 | 527137 |
| &nbsp;&nbsp;&nbsp; 5.75%, 08/15/34 |  | 291 | 298848 |
| &nbsp;&nbsp;&nbsp; 10/30/35<sup>(a)(b)</sup> |  | 255 | 257005 |
| Cheniere Energy, Inc., 5.65%, 04/15/34 |  | 1970 | 2017634 |
| Coterra Energy, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.40%, 02/15/35 |  | 1355 | 1341278 |
| &nbsp;&nbsp;&nbsp; 5.90%, 02/15/55 |  | 178 | 165691 |
| DCP Midstream Operating LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 05/15/29 |  | 522 | 530264 |
| &nbsp;&nbsp;&nbsp; 3.25%, 02/15/32 |  | 849 | 750263 |
| Diamondback Energy, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 12/01/29 |  | 807 | 771991 |
| &nbsp;&nbsp;&nbsp; 4.40%, 03/24/51 |  | 112 | 86421 |

---

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**BATS: Series C Portfolio**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** |
| Diamondback Energy, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 03/15/52 | USD  | 396 | $297981 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/53 |  | 90 | 88987 |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/18/54 |  | 234 | 217204 |
| &nbsp;&nbsp;&nbsp; 5.90%, 04/18/64 |  | 289 | 267478 |
| Eastern Energy Gas Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.65%, 10/15/54 |  | 173 | 165324 |
| &nbsp;&nbsp;&nbsp; 6.20%, 01/15/55 |  | 775 | 800873 |
| Energy Transfer LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/15/43 |  | 102 | 86995 |
| &nbsp;&nbsp;&nbsp; 5.95%, 10/01/43 |  | 92 | 87399 |
| &nbsp;&nbsp;&nbsp; 5.30%, 04/01/44 |  | 495 | 443380 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/44 |  | 289 | 249028 |
| &nbsp;&nbsp;&nbsp; 5.35%, 05/15/45 |  | 97 | 87359 |
| &nbsp;&nbsp;&nbsp; 5.30%, 04/15/47 |  | 259 | 228445 |
| &nbsp;&nbsp;&nbsp; 5.40%, 10/01/47 |  | 111 | 98848 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/15/48 |  | 90 | 86423 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/50 |  | 851 | 711155 |
| &nbsp;&nbsp;&nbsp; 5.95%, 05/15/54 |  | 187 | 177893 |
| &nbsp;&nbsp;&nbsp; 6.05%, 09/01/54 |  | 92 | 88419 |
| &nbsp;&nbsp;&nbsp; 6.20%, 04/01/55 |  | 501 | 493232 |
| &nbsp;&nbsp;&nbsp; Series 20Y, 5.80%, 06/15/38 |  | 174 | 174584 |
| EQT Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 05/15/26<sup>(a)</sup> |  | 1382 | 1360720 |
| &nbsp;&nbsp;&nbsp; 7.50%, 06/01/27<sup>(a)</sup> |  | 294 | 299349 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/31<sup>(a)</sup> |  | 853 | 839586 |
| &nbsp;&nbsp;&nbsp; 3.63%, 05/15/31<sup>(a)</sup> |  | 614 | 569111 |
| &nbsp;&nbsp;&nbsp; 5.75%, 02/01/34 |  | 2061 | 2131007 |
| Expand Energy Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 02/01/29 |  | 5437 | 5442060 |
| &nbsp;&nbsp;&nbsp; 5.88%, 02/01/29<sup>(a)</sup> |  | 4576 | 4594400 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/29<sup>(a)</sup> |  | 900 | 910774 |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/15/30 |  | 1406 | 1409942 |
| Hess Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.30%, 08/15/31 |  | 900 | 1020738 |
| &nbsp;&nbsp;&nbsp; 7.13%, 03/15/33 |  | 83 | 93992 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/40 |  | 422 | 444130 |
| &nbsp;&nbsp;&nbsp; 5.80%, 04/01/47 |  | 88 | 87528 |
| Kinder Morgan Energy Partners LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/42 |  | 98 | 87532 |
| &nbsp;&nbsp;&nbsp; 4.70%, 11/01/42 |  | 272 | 236318 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/01/44 |  | 94 | 88591 |
| &nbsp;&nbsp;&nbsp; 5.40%, 09/01/44 |  | 126 | 116468 |
| Kinder Morgan, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.55%, 06/01/45 |  | 92 | 86784 |
| &nbsp;&nbsp;&nbsp; 5.20%, 03/01/48 |  | 99 | 89010 |
| &nbsp;&nbsp;&nbsp; 3.25%, 08/01/50 |  | 173 | 111867 |
| &nbsp;&nbsp;&nbsp; 3.60%, 02/15/51 |  | 393 | 270700 |
| &nbsp;&nbsp;&nbsp; 5.95%, 08/01/54 |  | 615 | 603548 |
| Pioneer Natural Resources Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.90%, 08/15/30 |  | 239 | 211847 |
| &nbsp;&nbsp;&nbsp; 2.15%, 01/15/31 |  | 759 | 674160 |
| Raizen Fuels Finance SA, 6.70%, 02/25/37<sup>(a)</sup> |  | 1096 | 1073395 |
| Sabine Pass Liquefaction LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/30/26 |  | 297 | 298616 |
| &nbsp;&nbsp;&nbsp; 4.20%, 03/15/28 |  | 101 | 100465 |
| Targa Resources Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 04/15/52 |  | 308 | 256940 |
| &nbsp;&nbsp;&nbsp; 6.25%, 07/01/52 |  | 141 | 139629 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/15/53 |  | 151 | 155013 |
| &nbsp;&nbsp;&nbsp; 6.13%, 05/15/55 |  | 44 | 43044 |
|  |  |  | 37095964 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Paper & Forest Products — 0.2%** | **Paper & Forest Products — 0.2%** | **Paper & Forest Products — 0.2%** | **Paper & Forest Products — 0.2%** |
| Georgia-Pacific LLC, 4.40%, 06/30/28<sup>(a)</sup> | USD  | 950 | $954767 |
| **Passenger Airlines — 0.6%** | **Passenger Airlines — 0.6%** | **Passenger Airlines — 0.6%** | **Passenger Airlines — 0.6%** |
| AS Mileage Plan IP Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.02%, 10/20/29<sup>(a)</sup> |  | 98 | 96976 |
| &nbsp;&nbsp;&nbsp; 5.31%, 10/20/31<sup>(a)</sup> |  | 1388 | 1365521 |
| &nbsp;&nbsp;&nbsp; United Airlines Pass-Through Trust, Series 2024-1, A, <br> 5.88%, 02/15/37<br>|  | 1272 | 1265915 |
|  |  |  | 2728412 |
| **Pharmaceuticals — 0.5%** | **Pharmaceuticals — 0.5%** | **Pharmaceuticals — 0.5%** | **Pharmaceuticals — 0.5%** |
| Eli Lilly & Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.10%, 02/12/35 |  | 99 | 101472 |
| &nbsp;&nbsp;&nbsp; 5.05%, 08/14/54 |  | 100 | 93867 |
| &nbsp;&nbsp;&nbsp; Pfizer Investment Enterprises Pte Ltd., 5.30%, <br> 05/19/53<br>|  | 175 | 165202 |
| Pfizer, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.10%, 09/15/38 |  | 320 | 286897 |
| &nbsp;&nbsp;&nbsp; 3.90%, 03/15/39 |  | 740 | 645985 |
| &nbsp;&nbsp;&nbsp; 2.55%, 05/28/40 |  | 122 | 87558 |
| &nbsp;&nbsp;&nbsp; 4.30%, 06/15/43 |  | 355 | 307012 |
| &nbsp;&nbsp;&nbsp; 4.40%, 05/15/44 |  | 246 | 215374 |
| Takeda Pharmaceutical Co. Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.18%, 07/09/50 |  | 200 | 130977 |
| &nbsp;&nbsp;&nbsp; 5.65%, 07/05/54 |  | 241 | 234351 |
|  |  |  | 2268695 |
| **Residential REITs — 0.3%** | **Residential REITs — 0.3%** | **Residential REITs — 0.3%** | **Residential REITs — 0.3%** |
| American Homes 4 Rent LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 02/01/34 |  | 148 | 150474 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/15/34 |  | 86 | 87148 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/15/35 |  | 469 | 465527 |
| Invitation Homes Operating Partnership LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 08/15/31 |  | 134 | 114094 |
| &nbsp;&nbsp;&nbsp; 5.50%, 08/15/33 |  | 149 | 151312 |
| &nbsp;&nbsp;&nbsp; 2.70%, 01/15/34 |  | 102 | 84301 |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/01/35 |  | 331 | 320657 |
|  |  |  | 1373513 |
| **Retail REITs — 0.1%** | **Retail REITs — 0.1%** | **Retail REITs — 0.1%** | **Retail REITs — 0.1%** |
| Brixmor Operating Partnership LP, 2.50%, 08/16/31 |  | 100 | 87151 |
| Realty Income Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 10/13/32 |  | 83 | 86845 |
| &nbsp;&nbsp;&nbsp; 2.85%, 12/15/32 |  | 101 | 88395 |
| &nbsp;&nbsp;&nbsp; 5.13%, 04/15/35 |  | 128 | 128153 |
| &nbsp;&nbsp;&nbsp; 4.65%, 03/15/47 |  | 93 | 80784 |
| Regency Centers LP, 5.10%, 01/15/35 |  | 85 | 85189 |
|  |  |  | 556517 |
| **Semiconductors & Semiconductor Equipment — 2.5%** | **Semiconductors & Semiconductor Equipment — 2.5%** | **Semiconductors & Semiconductor Equipment — 2.5%** | **Semiconductors & Semiconductor Equipment — 2.5%** |
| Analog Devices, Inc., 5.30%, 12/15/45 |  | 110 | 106111 |
| &nbsp;&nbsp;&nbsp; AP Grange Holdings LLC, 6.50%, 03/20/45 (Acquired <br> 06/21/24, cost $738,000)<sup>(d)(h)</sup><br>|  | 738 | 731579 |
| Applied Materials, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.30%, 04/01/27 |  | 226 | 223044 |
| &nbsp;&nbsp;&nbsp; 1.75%, 06/01/30 |  | 235 | 208850 |
| Broadcom, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.15%, 02/15/28 |  | 1615 | 1610300 |
| &nbsp;&nbsp;&nbsp; 4.35%, 02/15/30 |  | 818 | 814966 |
| &nbsp;&nbsp;&nbsp; 5.15%, 11/15/31 |  | 1633 | 1679993 |
| &nbsp;&nbsp;&nbsp; 4.55%, 02/15/32 |  | 145 | 143659 |
| &nbsp;&nbsp;&nbsp; 4.80%, 10/15/34 |  | 212 | 209439 |
| &nbsp;&nbsp;&nbsp; 4.93%, 05/15/37<sup>(a)</sup> |  | 234 | 227103 |
| KLA Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/49 |  | 168 | 155042 |

---

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**BATS: Series C Portfolio**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Semiconductors & Semiconductor Equipment (continued)** | **Semiconductors & Semiconductor Equipment (continued)** | **Semiconductors & Semiconductor Equipment (continued)** | **Semiconductors & Semiconductor Equipment (continued)** |
| KLA Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.30%, 03/01/50 | USD  | 919 | $636696 |
| Lam Research Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/15/49 |  | 139 | 126603 |
| &nbsp;&nbsp;&nbsp; 2.88%, 06/15/50 |  | 131 | 84633 |
| Micron Technology, Inc., 6.05%, 11/01/35 |  | 1540 | 1611710 |
| NVIDIA Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 04/01/40 |  | 710 | 598092 |
| &nbsp;&nbsp;&nbsp; 3.50%, 04/01/50 |  | 380 | 283870 |
| QUALCOMM, Inc., 5.00%, 05/20/35 |  | 1368 | 1377475 |
|  |  |  | 10829165 |
| **Software — 1.7%** | **Software — 1.7%** | **Software — 1.7%** | **Software — 1.7%** |
| AppLovin Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 12/01/34 |  | 665 | 675171 |
| &nbsp;&nbsp;&nbsp; 5.95%, 12/01/54 |  | 1043 | 1018626 |
| Oracle Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.60%, 04/01/40 |  | 633 | 506639 |
| &nbsp;&nbsp;&nbsp; 4.13%, 05/15/45 |  | 336 | 267010 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/15/46 |  | 1544 | 1190811 |
| &nbsp;&nbsp;&nbsp; 6.00%, 08/03/55 |  | 1834 | 1830909 |
| Synopsys, Inc., 5.70%, 04/01/55 |  | 464 | 461336 |
| VMware LLC, 2.20%, 08/15/31 |  | 1685 | 1462476 |
|  |  |  | 7412978 |
| **Specialized REITs — 0.6%** | **Specialized REITs — 0.6%** | **Specialized REITs — 0.6%** | **Specialized REITs — 0.6%** |
| Extra Space Storage LP, 5.40%, 06/15/35 |  | 2483 | 2496412 |
| **Technology Hardware, Storage & Peripherals — 0.3%** | **Technology Hardware, Storage & Peripherals — 0.3%** | **Technology Hardware, Storage & Peripherals — 0.3%** | **Technology Hardware, Storage & Peripherals — 0.3%** |
| Hewlett Packard Enterprise Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/15/34 |  | 715 | 693563 |
| &nbsp;&nbsp;&nbsp; 5.60%, 10/15/54 |  | 681 | 628957 |
|  |  |  | 1322520 |
| **Tobacco — 1.3%** | **Tobacco — 1.3%** | **Tobacco — 1.3%** | **Tobacco — 1.3%** |
| BAT Capital Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.54%, 08/15/47 |  | 1231 | 994429 |
| &nbsp;&nbsp;&nbsp; 4.76%, 09/06/49 |  | 738 | 608406 |
| &nbsp;&nbsp;&nbsp; 5.28%, 04/02/50 |  | 292 | 257808 |
| &nbsp;&nbsp;&nbsp; 5.65%, 03/16/52 |  | 1029 | 958762 |
| &nbsp;&nbsp;&nbsp; 7.08%, 08/02/53 |  | 110 | 122523 |
| BAT International Finance PLC, 5.93%, 02/02/29 |  | 461 | 483779 |
| Imperial Brands Finance PLC, 06/30/28<sup>(a)(b)</sup> |  | 1510 | 1509819 |
| Philip Morris International, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/28/28 |  | 535 | 533953 |
| &nbsp;&nbsp;&nbsp; 4.88%, 04/30/35 |  | 452 | 445928 |
|  |  |  | 5915407 |
| **Trading Companies & Distributors — 0.8%** | **Trading Companies & Distributors — 0.8%** | **Trading Companies & Distributors — 0.8%** | **Trading Companies & Distributors — 0.8%** |
| Air Lease Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 01/15/26 |  | 596 | 589926 |
| &nbsp;&nbsp;&nbsp; 5.30%, 06/25/26 |  | 730 | 734850 |
| &nbsp;&nbsp;&nbsp; 1.88%, 08/15/26 |  | 2393 | 2326388 |
|  |  |  | 3651164 |
| **Wireless Telecommunication Services — 0.6%** | **Wireless Telecommunication Services — 0.6%** | **Wireless Telecommunication Services — 0.6%** | **Wireless Telecommunication Services — 0.6%** |
| America Movil SAB de CV, 4.38%, 04/22/49 |  | 221 | 180807 |
| Rogers Communications, Inc., 3.80%, 03/15/32 |  | 1091 | 1013820 |
| T-Mobile U.S.A., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/15/40 |  | 620 | 549375 |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/15/41 |  | 142 | 103909 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/15/50 |  | 132 | 109144 |
| &nbsp;&nbsp;&nbsp; 3.30%, 02/15/51 |  | 158 | 104870 |
| &nbsp;&nbsp;&nbsp; 3.40%, 10/15/52 |  | 149 | 99529 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/15/54 |  | 106 | 107904 |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/15/55 |  | 108 | 102387 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Wireless Telecommunication Services (continued)** | **Wireless Telecommunication Services (continued)** | **Wireless Telecommunication Services (continued)** | **Wireless Telecommunication Services (continued)** |
| T-Mobile U.S.A., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/15/55 | USD  | 211 | $192697 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/15/55 |  | 98 | 97959 |
|  |  |  | 2662401 |
| **Total Corporate Bonds — 82.6%** <br>**(Cost: $357,861,325)** | **Total Corporate Bonds — 82.6%** <br>**(Cost: $357,861,325)** | **Total Corporate Bonds — 82.6%** <br>**(Cost: $357,861,325)** | 362283963 |
| **Foreign Agency Obligations** | **Foreign Agency Obligations** | **Foreign Agency Obligations** | **Foreign Agency Obligations** |
| **Panama — 0.1%** | **Panama — 0.1%** | **Panama — 0.1%** | **Panama — 0.1%** |
| Banco Nacional de Panama, 2.50%, 08/11/30<sup>(a)</sup> |  | 360 | 300240 |
| **Total Foreign Agency Obligations — 0.1%** <br>**(Cost: $359,828)** | **Total Foreign Agency Obligations — 0.1%** <br>**(Cost: $359,828)** | **Total Foreign Agency Obligations — 0.1%** <br>**(Cost: $359,828)** | 300240 |
| **Foreign Government Obligations** | **Foreign Government Obligations** | **Foreign Government Obligations** | **Foreign Government Obligations** |
| **Chile — 0.0%** | **Chile — 0.0%** | **Chile — 0.0%** | **Chile — 0.0%** |
| Republic of Chile, 3.25%, 09/21/71 |  | 338 | 205842 |
| **Israel — 0.2%** | **Israel — 0.2%** | **Israel — 0.2%** | **Israel — 0.2%** |
| State of Israel, 5.75%, 03/12/54 |  | 768 | 711840 |
| **Mexico — 1.4%** | **Mexico — 1.4%** | **Mexico — 1.4%** | **Mexico — 1.4%** |
| United Mexican States |  |  |  |
| &nbsp;&nbsp;&nbsp; 07/02/32<sup>(b)</sup> |  | 2242 | 2267783 |
| &nbsp;&nbsp;&nbsp; 6.05%, 01/11/40 |  | 168 | 160080 |
| &nbsp;&nbsp;&nbsp; 4.35%, 01/15/47 |  | 504 | 364392 |
| &nbsp;&nbsp;&nbsp; 4.40%, 02/12/52 |  | 501 | 352098 |
| &nbsp;&nbsp;&nbsp; 6.34%, 05/04/53 |  | 405 | 372398 |
| &nbsp;&nbsp;&nbsp; 7.38%, 05/13/55 |  | 2644 | 2736540 |
|  |  |  | 6253291 |
| **Peru — 0.4%** | **Peru — 0.4%** | **Peru — 0.4%** | **Peru — 0.4%** |
| Republic of Peru |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.20%, 06/30/55 |  | 1007 | 1013042 |
| &nbsp;&nbsp;&nbsp; 2.78%, 12/01/60 |  | 787 | 422619 |
| &nbsp;&nbsp;&nbsp; 3.60%, 01/15/72 |  | 140 | 86223 |
| &nbsp;&nbsp;&nbsp; 3.23%, 07/28/21 |  | 161 | 86457 |
|  |  |  | 1608341 |
| **Saudi Arabia — 0.2%** | **Saudi Arabia — 0.2%** | **Saudi Arabia — 0.2%** | **Saudi Arabia — 0.2%** |
| Kingdom of Saudi Arabia, 5.13%, 01/13/28<sup>(a)</sup> |  | 925 | 939800 |
| **Uruguay — 0.2%** | **Uruguay — 0.2%** | **Uruguay — 0.2%** | **Uruguay — 0.2%** |
| Oriental Republic of Uruguay |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.10%, 06/18/50 |  | 101 | 93122 |
| &nbsp;&nbsp;&nbsp; 4.98%, 04/20/55 |  | 718 | 636148 |
|  |  |  | 729270 |
| **Total Foreign Government Obligations — 2.4%** <br>**(Cost: $10,261,333)** | **Total Foreign Government Obligations — 2.4%** <br>**(Cost: $10,261,333)** | **Total Foreign Government Obligations — 2.4%** <br>**(Cost: $10,261,333)** | 10448384 |
| **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** |
| **California — 0.3%** | **California — 0.3%** | **California — 0.3%** | **California — 0.3%** |
| State of California, GO, 7.63%, 03/01/40 |  | 950 | 1138274 |
| **Illinois — 0.2%** | **Illinois — 0.2%** | **Illinois — 0.2%** | **Illinois — 0.2%** |
| &nbsp;&nbsp;&nbsp; Chicago O'Hare International Airport RB, Series B, <br> 6.40%, 01/01/40<br>|  | 1000 | 1105630 |

---

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**BATS: Series C Portfolio**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **New York — 0.3%** | **New York — 0.3%** | **New York — 0.3%** | **New York — 0.3%** |
| &nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority, New York RB, <br> 7.34%, 11/15/39<br>| USD  | 985 | $1163427 |
| &nbsp;&nbsp;&nbsp; Port Authority of New York & New Jersey RB, 4.46%, <br> 10/01/62<br>|  | 385 | 320619 |
|  |  |  | 1484046 |
| **Total Municipal Bonds — 0.8%** <br>**(Cost: $3,720,462)** | **Total Municipal Bonds — 0.8%** <br>**(Cost: $3,720,462)** | **Total Municipal Bonds — 0.8%** <br>**(Cost: $3,720,462)** | 3727950 |
| **Preferred Securities** | **Preferred Securities** | **Preferred Securities** | **Preferred Securities** |
| **Capital Trusts — 3.4%** | **Capital Trusts — 3.4%** | **Capital Trusts — 3.4%** | **Capital Trusts — 3.4%** |
| **Banks — 1.8%** | **Banks — 1.8%** | **Banks — 1.8%** | **Banks — 1.8%** |
| Banco Santander SA, 9.63%<sup>(i)</sup> |  | 400 | 466489 |
| Bank of America Corp., Series TT, 6.13%<sup>(i)</sup> |  | 1056 | 1073066 |
| Bank of Nova Scotia (The), 8.00%, 01/27/84 |  | 421 | 446454 |
| Barclays PLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%<sup>(i)</sup> |  | 653 | 653249 |
| &nbsp;&nbsp;&nbsp; 7.63%<sup>(i)</sup> |  | 370 | 371588 |
| &nbsp;&nbsp;&nbsp; 9.63%<sup>(i)</sup> |  | 1533 | 1702715 |
| BNP Paribas SA, 7.75%<sup>(a)(i)</sup> |  | 647 | 680499 |
| Citigroup, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; Series EE, 6.75%<sup>(i)</sup> |  | 703 | 708177 |
| &nbsp;&nbsp;&nbsp; Series FF, 6.95%<sup>(i)</sup> |  | 839 | 856887 |
| Credit Agricole SA, 8.13%<sup>(a)(i)</sup> |  | 200 | 202500 |
| NatWest Group PLC, 6.00%<sup>(i)</sup> |  | 654 | 652926 |
|  |  |  | 7814550 |
| **Capital Markets — 0.7%** | **Capital Markets — 0.7%** | **Capital Markets — 0.7%** | **Capital Markets — 0.7%** |
| Brookfield Finance, Inc., 6.30%, 01/15/55 |  | 570 | 545461 |
| UBS Group AG |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%<sup>(a)(i)</sup> |  | 505 | 502365 |
| &nbsp;&nbsp;&nbsp; 7.13%<sup>(a)(i)</sup> |  | 580 | 577616 |
| &nbsp;&nbsp;&nbsp; 9.25%<sup>(a)(i)</sup> |  | 1303 | 1506803 |
|  |  |  | 3132245 |
| **Electric Utilities — 0.5%** | **Electric Utilities — 0.5%** | **Electric Utilities — 0.5%** | **Electric Utilities — 0.5%** |
| American Electric Power Co., Inc., 5.70%, 08/15/25 |  | 659 | 659521 |
| Dominion Energy, Inc., 6.63%, 05/15/55 |  | 83 | 84234 |
| Edison International, 8.13%, 06/15/53 |  | 1632 | 1576340 |
| PacifiCorp, 7.38%, 09/15/55 |  | 82 | 85244 |
|  |  |  | 2405339 |
| **Health Care Equipment & Supplies — 0.1%** | **Health Care Equipment & Supplies — 0.1%** | **Health Care Equipment & Supplies — 0.1%** | **Health Care Equipment & Supplies — 0.1%** |
| DENTSPLY SIRONA, Inc., 8.38%, 09/12/55 |  | 220 | 221214 |
| **Insurance — 0.1%** | **Insurance — 0.1%** | **Insurance — 0.1%** | **Insurance — 0.1%** |
| Dai-ichi Life Insurance Co. Ltd. (The), 6.20%<sup>(a)(i)</sup> |  | 395 | 398584 |
| **Multi-Utilities — 0.2%** | **Multi-Utilities — 0.2%** | **Multi-Utilities — 0.2%** | **Multi-Utilities — 0.2%** |
| CenterPoint Energy, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.70%, 05/15/55 |  | 113 | 114039 |
| &nbsp;&nbsp;&nbsp; Series A, 7.00%, 02/15/55 |  | 600 | 627972 |
| &nbsp;&nbsp;&nbsp; Series B, 6.85%, 02/15/55 |  | 188 | 194498 |
|  |  |  | 936509 |
| **Total Preferred Securities — 3.4%** <br>**(Cost: $14,743,632)** | **Total Preferred Securities — 3.4%** <br>**(Cost: $14,743,632)** | **Total Preferred Securities — 3.4%** <br>**(Cost: $14,743,632)** | 14908441 |
| **U.S. Treasury Obligations** | **U.S. Treasury Obligations** | **U.S. Treasury Obligations** | **U.S. Treasury Obligations** |
| U.S. Treasury Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.13%, 05/15/40 |  | 3250 | 2020586 |
| &nbsp;&nbsp;&nbsp; 1.75%, 08/15/41 |  | 3025 | 2008316 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **U.S. Treasury Obligations (continued)** | **U.S. Treasury Obligations (continued)** | **U.S. Treasury Obligations (continued)** | **U.S. Treasury Obligations (continued)** |
| U.S. Treasury Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 08/15/42 | USD  | 2375 | $1993423 |
| &nbsp;&nbsp;&nbsp; 4.38%, 08/15/43 |  | 2075 | 1977815 |
| &nbsp;&nbsp;&nbsp; 4.75%, 11/15/43 - 02/15/45 |  | 3700 | 3688860 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/44<sup>(j)</sup> |  | 2380 | 2299675 |
| &nbsp;&nbsp;&nbsp; 4.63%, 05/15/44 - 11/15/44 |  | 2380 | 2330377 |
| &nbsp;&nbsp;&nbsp; 3.00%, 05/15/45 - 02/15/49 |  | 2000 | 1480889 |
| &nbsp;&nbsp;&nbsp; 2.75%, 08/15/47 |  | 1135 | 808953 |
| U.S. Treasury Notes |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/15/28 |  | 2400 | 2431031 |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/15/28 |  | 6615 | 6623269 |
| &nbsp;&nbsp;&nbsp; 2.88%, 04/30/29 |  | 235 | 227831 |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/28/30 - 03/31/30 |  | 5160 | 5208186 |
| **Total U.S. Treasury Obligations — 7.5%** <br>**(Cost: $32,764,295)** | **Total U.S. Treasury Obligations — 7.5%** <br>**(Cost: $32,764,295)** | **Total U.S. Treasury Obligations — 7.5%** <br>**(Cost: $32,764,295)** | 33099211 |
| **Total Long-Term Investments — 96.8%** <br>**(Cost: $419,710,875)** | **Total Long-Term Investments — 96.8%** <br>**(Cost: $419,710,875)** | **Total Long-Term Investments — 96.8%** <br>**(Cost: $419,710,875)** | 424768189 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 2.8%** | **Money Market Funds — 2.8%** | **Money Market Funds — 2.8%** |
| &nbsp;&nbsp;&nbsp; Dreyfus Treasury Securities Cash Management, <br> Institutional Class, 4.11%<sup>(k)</sup><br>| 12477582 | 12477582 |
| **Total Short-Term Securities — 2.8%** <br>**(Cost: $12,477,582)** | **Total Short-Term Securities — 2.8%** <br>**(Cost: $12,477,582)** | 12477582 |
| **Options Purchased — 0.2%** <br>**(Cost: $1,147,045)** | **Options Purchased — 0.2%** <br>**(Cost: $1,147,045)** | 680182 |
| **Total Investments Before Options Written — 99.8%** <br>**(Cost: $433,335,502)** | **Total Investments Before Options Written — 99.8%** <br>**(Cost: $433,335,502)** | 437925953 |
| **Options Written — (0.1)%** <br>**(Premiums Received: $(392096))** | **Options Written — (0.1)%** <br>**(Premiums Received: $(392096))** | (517703)<br>|
| **Total Investments Net of Options Written — 99.7%** <br>**(Cost: $432,943,406)** | **Total Investments Net of Options Written — 99.7%** <br>**(Cost: $432,943,406)** | 437408250 |
| **Other Assets Less Liabilities — 0.3%** | **Other Assets Less Liabilities — 0.3%** | 1212376 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $438620626 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(b)</sup> When-issued security.

<sup>(c)</sup> This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. 

<sup>(d)</sup> Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. 

<sup>(e)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. 

<sup>(f)</sup> Zero-coupon bond.

<sup>(g)</sup> Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step- down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect. 

<sup>(h)</sup> Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $731,579, representing 0.2% of its net assets as of period end, and an original cost of $738,000. 

<sup>(i)</sup> Perpetual security with no stated maturity date.

<sup>(j)</sup> All or a portion of the security has been pledged as collateral in connection with outstanding OTC derivatives. 

<sup>(k)</sup> Annualized 7-day yield as of period end.

For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Fund for compliance purposes.

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**BATS: Series C Portfolio**

**Derivative Financial Instruments Outstanding as of Period End**

**Futures Contracts** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | &nbsp;&nbsp; *Number of* <br>*Contracts*<br>| &nbsp;&nbsp;&nbsp;&nbsp; *Expiration* <br>*Date*<br>| &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(000)*<br>| &nbsp;&nbsp;&nbsp; *Value/* <br>*Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| Long Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes (10 Year) | 180 | 09/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; $20183 | &nbsp;&nbsp;&nbsp;&nbsp; $297917 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes (2 Year) | 2 | 09/30/25 | &nbsp;&nbsp;&nbsp;&nbsp; 416 | &nbsp;&nbsp;&nbsp;&nbsp; (5)<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes (5 Year) | 129 | 09/30/25 | &nbsp;&nbsp;&nbsp;&nbsp; 14063 | &nbsp;&nbsp;&nbsp;&nbsp; 88610 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 386522 |
| Short Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds (30 Year) | 11 | 09/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1269 | &nbsp;&nbsp;&nbsp;&nbsp; (13766)<br>|
| &nbsp;&nbsp;&nbsp; U.S. Ultra Treasury Bonds | 23 | 09/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2736 | &nbsp;&nbsp;&nbsp;&nbsp; (29729)<br>|
| &nbsp;&nbsp;&nbsp; U.S. Ultra Treasury Notes (10 Year) | 28 | 09/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 3199 | &nbsp;&nbsp;&nbsp;&nbsp; (25453)<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (68948)<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $317574 |

---

**OTC Interest Rate Swaptions Purchased** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |
| *Description* | *Rate* | *Frequency* | *Rate* | *Frequency* | *Counterparty* | *Expiration* <br>*Date*<br>| *Exercise* <br>*Rate*<br>| &nbsp;&nbsp; *Notional* <br>*Amount* <br>*(000)* | &nbsp;&nbsp; *Notional* <br>*Amount* <br>*(000)* | *Value* |
| Put |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10-Year Interest Rate Swap, 03/07/36 | 4.32% | Annual | 1-day SOFR, 4.45% | Annual | &nbsp;&nbsp;&nbsp; JPMorgan Chase Bank <br> N.A.<br>| 03/05/26 | 4.32<br> %<br>| USD | 7825 | $67707 |
| &nbsp;&nbsp;&nbsp; 10-Year Interest Rate Swap, 05/09/36 | 4.04% | Annual | 1-day SOFR, 4.45% | Annual | Bank of America N.A. | 05/07/26 | 4.04<br> %<br>| USD | 6850 | 118920 |
| &nbsp;&nbsp;&nbsp; 10-Year Interest Rate Swap, 05/14/36 | 4.25% | Annual | 1-day SOFR, 4.45% | Annual | Bank of America N.A. | 05/12/26 | 4.25<br> %<br>| USD | 6875 | 88408 |
| &nbsp;&nbsp;&nbsp; 30-Year Interest Rate Swap, 05/16/56 | 4.43% | Annual | 1-day SOFR, 4.45% | Annual | Bank of America N.A. | 05/14/26 | 4.43<br> %<br>| USD | 8050 | 201048 |
| &nbsp;&nbsp;&nbsp; 30-Year Interest Rate Swap, 05/23/56 | 4.53% | Annual | 1-day SOFR, 4.45% | Annual | Bank of America N.A. | 05/21/26 | 4.53<br> %<br>| USD | 9375 | 204099 |
|  |  |  |  |  |  |  |  |  |  | $680182 |

---

**OTC Interest Rate Swaptions Written** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |
| *Description* | *Rate* | *Frequency* | *Rate* | *Frequency* | *Counterparty* | *Expiration* <br>*Date*<br>| *Exercise* <br>*Rate*<br>| &nbsp;&nbsp; *Notional* <br>*Amount* <br>*(000)* | &nbsp;&nbsp; *Notional* <br>*Amount* <br>*(000)* | *Value* |
| Call |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2-Year Interest Rate Swap, 09/10/27 | 3.33% | Annual | 1-day SOFR, 4.45% | Annual | &nbsp;&nbsp;&nbsp; JPMorgan Chase Bank <br> N.A.<br>| 09/08/25 | 3.33<br> %<br>| USD | 23500 | $(71994)<br>|
| &nbsp;&nbsp;&nbsp; 2-Year Interest Rate Swap, 10/02/27 | 3.20% | Annual | 1-day SOFR, 4.45% | Annual | &nbsp;&nbsp;&nbsp; JPMorgan Chase Bank <br> N.A.<br>| 09/30/25 | 3.20<br> %<br>| USD | 38400 | (109915)<br>|
| &nbsp;&nbsp;&nbsp; 2-Year Interest Rate Swap, 11/15/27 | 3.73% | Annual | 1-day SOFR, 4.45% | Annual | Bank of America N.A. | 11/13/25 | 3.73<br> %<br>| USD | 33520 | (335794)<br>|
|  |  |  |  |  |  |  |  |  |  | $(517703)<br>|

---

**Centrally Cleared Credit Default Swaps — Buy Protection** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligation/Index* | *Financing* <br>*Rate* <br>*Paid by* <br>*the* <br>*Fund*<br>| &nbsp;&nbsp;&nbsp;&nbsp; *Payment* <br>*Frequency*<br>| &nbsp;&nbsp;&nbsp; *Termination* <br>*Date*<br>| &nbsp;&nbsp;&nbsp;&nbsp; *Notional* <br>*Amount* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(000)* | &nbsp;&nbsp;&nbsp;&nbsp; *Notional* <br>*Amount* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(000)* | *Value* | &nbsp;&nbsp;&nbsp; *Upfront* <br>*Premium* <br>*Paid* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Received)*<br>| &nbsp;&nbsp;&nbsp; *Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| CDX.NA.IG.44.V1 | 1.00<br> %<br>| Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 06/20/30 | USD | 10071 | &nbsp;&nbsp;&nbsp;&nbsp; $(226116)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(199998)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(26118)<br>|

---

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**BATS: Series C Portfolio**

**Centrally Cleared Interest Rate Swaps** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |  |
| *Rate* | *Frequency* | *Rate* | *Frequency* | &nbsp;&nbsp; *Effective* <br>*Date*<br>| &nbsp;&nbsp; *Termination* <br>*Date*<br>| &nbsp;&nbsp; *Notional* <br>*Amount* <br>*(000)* | &nbsp;&nbsp; *Notional* <br>*Amount* <br>*(000)* | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)*<br>| *Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| 1-day SOFR, 4.45% | Annual | 3.20% | Annual | 09/10/25<sup>(a)</sup> <br>| 09/10/27 | USD | 3895 | &nbsp;&nbsp; $(12048)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(12048)<br>|
| 1-day SOFR, 4.45% | Annual | 3.38% | Annual | 09/10/25<sup>(a)</sup> <br>| 09/10/27 | USD | 3340 | &nbsp;&nbsp; 1136 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1136 |
| 1-day SOFR, 4.45% | Annual | 3.58% | Annual | 09/10/25<sup>(a)</sup> <br>| 09/10/27 | USD | 3715 | &nbsp;&nbsp; 15750 | &nbsp;&nbsp; 1026 | &nbsp;&nbsp; 14724 |
| 1-day SOFR, 4.45% | Annual | 3.62% | Annual | 09/10/25<sup>(a)</sup> <br>| 09/10/27 | USD | 2790 | &nbsp;&nbsp; 13922 | &nbsp;&nbsp; — | &nbsp;&nbsp; 13922 |
| 3.62% | Annual | 1-day SOFR, 4.45% | Annual | 09/10/25<sup>(a)</sup> <br>| 09/10/27 | USD | 6135 | &nbsp;&nbsp; (29642)<br>| &nbsp;&nbsp; (2583)<br>| &nbsp;&nbsp; (27059)<br>|
| 3.76% | Annual | 1-day SOFR, 4.45% | Annual | 09/10/25<sup>(a)</sup> <br>| 09/10/27 | USD | 3490 | &nbsp;&nbsp; (26526)<br>| &nbsp;&nbsp; (250)<br>| &nbsp;&nbsp; (26276)<br>|
| 1-day SOFR, 4.45% | Annual | 3.52% | Annual | 09/25/25<sup>(a)</sup> <br>| 09/25/27 | USD | 5455 | &nbsp;&nbsp; 19105 | &nbsp;&nbsp; — | &nbsp;&nbsp; 19105 |
| 1-day SOFR, 4.45% | Annual | 3.06% | Annual | 10/02/25<sup>(a)</sup> <br>| 10/02/27 | USD | 16345 | &nbsp;&nbsp; (84011)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (84011)<br>|
| 1-day SOFR, 4.45% | Annual | 3.18% | Annual | 10/02/25<sup>(a)</sup> <br>| 10/02/27 | USD | 7230 | &nbsp;&nbsp; (20416)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (20416)<br>|
| 1-day SOFR, 4.45% | Annual | 3.33% | Annual | 10/02/25<sup>(a)</sup> <br>| 10/02/27 | USD | 5260 | &nbsp;&nbsp; (97)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (97)<br>|
| 1-day SOFR, 4.45% | Annual | 3.44% | Annual | 10/02/25<sup>(a)</sup> <br>| 10/02/27 | USD | 4310 | &nbsp;&nbsp; 8832 | &nbsp;&nbsp; (57)<br>| &nbsp;&nbsp; 8889 |
| 1-day SOFR, 4.45% | Annual | 3.55% | Annual | 10/02/25<sup>(a)</sup> <br>| 10/02/27 | USD | 7120 | &nbsp;&nbsp; 30917 | &nbsp;&nbsp; 3687 | &nbsp;&nbsp; 27230 |
| 3.62% | Annual | 1-day SOFR, 4.45% | Annual | 10/02/25<sup>(a)</sup> <br>| 10/02/27 | USD | 18450 | &nbsp;&nbsp; (103033)<br>| &nbsp;&nbsp; (5609)<br>| &nbsp;&nbsp; (97424)<br>|
| 3.65% | Annual | 1-day SOFR, 4.45% | Annual | 10/02/25<sup>(a)</sup> <br>| 10/02/27 | USD | 4265 | &nbsp;&nbsp; (26263)<br>| &nbsp;&nbsp; (342)<br>| &nbsp;&nbsp; (25921)<br>|
| 1-day SOFR, 4.45% | Annual | 3.14% | Annual | 11/17/25<sup>(a)</sup> <br>| 11/17/27 | USD | 4110 | &nbsp;&nbsp; (9894)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (9894)<br>|
| 1-day SOFR, 4.45% | Annual | 3.31% | Annual | 11/17/25<sup>(a)</sup> <br>| 11/17/27 | USD | 5045 | &nbsp;&nbsp; 3916 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3916 |
| 1-day SOFR, 4.45% | Annual | 3.38% | Annual | 11/17/25<sup>(a)</sup> <br>| 11/17/27 | USD | 2725 | &nbsp;&nbsp; 5737 | &nbsp;&nbsp; 52 | &nbsp;&nbsp; 5685 |
| 1-day SOFR, 4.45% | Annual | 3.44% | Annual | 11/17/25<sup>(a)</sup> <br>| 11/17/27 | USD | 3720 | &nbsp;&nbsp; 12373 | &nbsp;&nbsp; — | &nbsp;&nbsp; 12373 |
| 1-day SOFR, 4.45% | Annual | 3.49% | Annual | 11/17/25<sup>(a)</sup> <br>| 11/17/27 | USD | 6730 | &nbsp;&nbsp; 28223 | &nbsp;&nbsp; 2629 | &nbsp;&nbsp; 25594 |
| 1-day SOFR, 4.45% | Annual | 3.49% | Annual | 11/17/25<sup>(a)</sup> <br>| 11/17/27 | USD | 2555 | &nbsp;&nbsp; 10860 | &nbsp;&nbsp; 57 | &nbsp;&nbsp; 10803 |
| 1-day SOFR, 4.45% | Annual | 3.56% | Annual | 11/17/25<sup>(a)</sup> <br>| 11/17/27 | USD | 12720 | &nbsp;&nbsp; 71212 | &nbsp;&nbsp; — | &nbsp;&nbsp; 71212 |
| 3.54% | Annual | 1-day SOFR, 4.45% | Annual | 11/17/25<sup>(a)</sup> <br>| 11/17/27 | USD | 4600 | &nbsp;&nbsp; (23657)<br>| &nbsp;&nbsp; (2316)<br>| &nbsp;&nbsp; (21341)<br>|
| 3.58% | Annual | 1-day SOFR, 4.45% | Annual | 11/17/25<sup>(a)</sup> <br>| 11/17/27 | USD | 5640 | &nbsp;&nbsp; (33288)<br>| &nbsp;&nbsp; (1947)<br>| &nbsp;&nbsp; (31341)<br>|
| 3.60% | Annual | 1-day SOFR, 4.45% | Annual | 11/17/25<sup>(a)</sup> <br>| 11/17/27 | USD | 2685 | &nbsp;&nbsp; (16867)<br>| &nbsp;&nbsp; (31)<br>| &nbsp;&nbsp; (16836)<br>|
| 3.79% | Annual | 1-day SOFR, 4.45% | Annual | 03/09/26<sup>(a)</sup> <br>| 03/09/36 | USD | 600 | &nbsp;&nbsp; (4677)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (4677)<br>|
| 4.05% | Annual | 1-day SOFR, 4.45% | Annual | 03/09/26<sup>(a)</sup> <br>| 03/09/36 | USD | 2500 | &nbsp;&nbsp; (72117)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (72117)<br>|
| 1-day SOFR, 4.45% | Annual | 3.86% | Annual | 05/11/26<sup>(a)</sup> <br>| 05/11/36 | USD | 4650 | &nbsp;&nbsp; 56990 | &nbsp;&nbsp; — | &nbsp;&nbsp; 56990 |
| 1-day SOFR, 4.45% | Annual | 3.97% | Annual | 05/11/26<sup>(a)</sup> <br>| 05/11/36 | USD | 735 | &nbsp;&nbsp; 15491 | &nbsp;&nbsp; — | &nbsp;&nbsp; 15491 |
| 1-day SOFR, 4.45% | Annual | 4.00% | Annual | 05/11/26<sup>(a)</sup> <br>| 05/11/36 | USD | 2400 | &nbsp;&nbsp; 56378 | &nbsp;&nbsp; — | &nbsp;&nbsp; 56378 |
| 3.77% | Annual | 1-day SOFR, 4.45% | Annual | 05/11/26<sup>(a)</sup> <br>| 05/11/36 | USD | 875 | &nbsp;&nbsp; (4194)<br>| &nbsp;&nbsp; 849 | &nbsp;&nbsp; (5043)<br>|
| 1-day SOFR, 4.45% | Annual | 4.00% | Annual | 05/15/26<sup>(a)</sup> <br>| 05/15/36 | USD | 2625 | &nbsp;&nbsp; 61446 | &nbsp;&nbsp; — | &nbsp;&nbsp; 61446 |
| 1-day SOFR, 4.45% | Annual | 4.02% | Annual | 05/18/26<sup>(a)</sup> <br>| 05/18/56 | USD | 2350 | &nbsp;&nbsp; 46979 | &nbsp;&nbsp; — | &nbsp;&nbsp; 46979 |
| 3.94% | Annual | 1-day SOFR, 4.45% | Annual | 05/18/26<sup>(a)</sup> <br>| 05/18/56 | USD | 305 | &nbsp;&nbsp; (1845)<br>| &nbsp;&nbsp; 435 | &nbsp;&nbsp; (2280)<br>|
| 1-day SOFR, 4.45% | Annual | 3.92% | Annual | 05/26/26<sup>(a)</sup> <br>| 05/26/56 | USD | 225 | &nbsp;&nbsp; 629 | &nbsp;&nbsp; — | &nbsp;&nbsp; 629 |
|  |  |  |  |  |  |  |  | &nbsp;&nbsp; $(8679)<br>| &nbsp;&nbsp; $(4400)<br>| &nbsp;&nbsp; $(4279)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Forward Swap.

**OTC Credit Default Swaps — Buy Protection** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligation/Index* | &nbsp;&nbsp; *Financing* <br>*Rate* <br>*Paid* <br>*by the* <br>*Fund*<br>| &nbsp;&nbsp;&nbsp; *Payment* <br>*Frequency*<br>| *Counterparty* | &nbsp;&nbsp; *Termination* <br>*Date*<br>| &nbsp;&nbsp; *Notional* <br>*Amount* <br>*(000)* | &nbsp;&nbsp; *Notional* <br>*Amount* <br>*(000)* | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)*<br>| *Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| CDX.NA.IG.43 7-15% | &nbsp;&nbsp;&nbsp;&nbsp; 1.00<br> % <br>| Quarterly | JPMorgan Chase Bank N.A. | 12/20/29 | USD | &nbsp;&nbsp; 10126 | &nbsp;&nbsp; $(176228)<br>| &nbsp;&nbsp; $(141323)<br>| &nbsp;&nbsp; $(34905)<br>|
| Devon Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | Quarterly | Bank of America N.A. | 06/20/30 | USD | &nbsp;&nbsp; 527 | &nbsp;&nbsp; (996)<br>| &nbsp;&nbsp; 463 | &nbsp;&nbsp; (1459)<br>|
| Lennar Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5.00 | Quarterly | Bank of America N.A. | 06/20/30 | USD | &nbsp;&nbsp; 104 | &nbsp;&nbsp; (19182)<br>| &nbsp;&nbsp; (18438)<br>| &nbsp;&nbsp; (744)<br>|
| Lennar Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5.00 | Quarterly | Bank of America N.A. | 06/20/30 | USD | &nbsp;&nbsp; 156 | &nbsp;&nbsp; (28773)<br>| &nbsp;&nbsp; (27754)<br>| &nbsp;&nbsp; (1019)<br>|
| Lennar Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5.00 | Quarterly | Deutsche Bank AG | 06/20/30 | USD | &nbsp;&nbsp; 87 | &nbsp;&nbsp; (16046)<br>| &nbsp;&nbsp; (15550)<br>| &nbsp;&nbsp; (496)<br>|
| PulteGroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5.00 | Quarterly | Bank of America N.A. | 06/20/30 | USD | &nbsp;&nbsp; 156 | &nbsp;&nbsp; (29488)<br>| &nbsp;&nbsp; (28137)<br>| &nbsp;&nbsp; (1351)<br>|
| PulteGroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5.00 | Quarterly | Bank of America N.A. | 06/20/30 | USD | &nbsp;&nbsp; 191 | &nbsp;&nbsp; (36104)<br>| &nbsp;&nbsp; (34471)<br>| &nbsp;&nbsp; (1633)<br>|
| Toll Brothers Finance Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | Quarterly | Bank of America N.A. | 06/20/30 | USD | &nbsp;&nbsp; 208 | &nbsp;&nbsp; (1052)<br>| &nbsp;&nbsp; 182 | &nbsp;&nbsp; (1234)<br>|
| Toll Brothers Finance Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | Quarterly | Bank of America N.A. | 06/20/30 | USD | &nbsp;&nbsp; 139 | &nbsp;&nbsp; (703)<br>| &nbsp;&nbsp; 61 | &nbsp;&nbsp; (764)<br>|
|  |  |  |  |  |  |  | &nbsp;&nbsp; $(308572)<br>| &nbsp;&nbsp; $(264967)<br>| &nbsp;&nbsp; $(43605)<br>|

---

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**BATS: Series C Portfolio**

**OTC Credit Default Swaps — Sell Protection** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligation/Index* | *Financing* <br>*Rate* <br>*Received* <br>*by* <br>*the Fund*<br>| &nbsp;&nbsp; *Payment* <br>*Frequency*<br>| *Counterparty* | *Termination* <br>*Date*<br>| *Credit* <br>*Rating*<sup>(a)</sup> <br>| *Notional* <br>*Amount* <br>*(000)*<sup>(b)</sup>  | *Notional* <br>*Amount* <br>*(000)*<sup>(b)</sup>  | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)*<br>| *Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| AT&T Inc. | 1.00<br> % <br>| Quarterly | Bank of America N.A. | 06/20/29 | BBB | USD | 655 | $12383 | $7560 | $4823 |
| AT&T Inc. | 1.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB | USD | 139 | 2628 | 1776 | 852 |
| AT&T Inc. | 1.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB | USD | 139 | 2628 | 1774 | 854 |
| AT&T Inc. | 1.00 | Quarterly | Deutsche Bank AG | 06/20/29 | BBB | USD | 177 | 3346 | 2043 | 1303 |
| Ford Motor Co. | 5.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB- | USD | 328 | 40783 | 39960 | 823 |
| Ford Motor Co. | 5.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB- | USD | 292 | 36307 | 35764 | 543 |
| Ford Motor Co. | 5.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB- | USD | 125 | 15542 | 14978 | 564 |
| Ford Motor Co. | 5.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB- | USD | 139 | 17283 | 17025 | 258 |
| Ford Motor Co. | 5.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB- | USD | 208 | 25838 | 25008 | 830 |
| Ford Motor Co. | 5.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB- | USD | 125 | 15542 | 14898 | 644 |
| Ford Motor Co. | 5.00 | Quarterly | Deutsche Bank AG | 06/20/29 | BBB- | USD | 118 | 14620 | 14279 | 341 |
| Freeport-McMoRan, Inc. | 1.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB- | USD | 655 | 11016 | 5017 | 5999 |
| Freeport-McMoRan, Inc. | 1.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB- | USD | 207 | 3481 | 1296 | 2185 |
| Freeport-McMoRan, Inc. | 1.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB- | USD | 138 | 2321 | 1010 | 1311 |
| Freeport-McMoRan, Inc. | 1.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB- | USD | 207 | 3481 | 1828 | 1653 |
| Freeport-McMoRan, Inc. | 1.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB- | USD | 137 | 2304 | 1111 | 1193 |
| Freeport-McMoRan, Inc. | 1.00 | Quarterly | JPMorgan Chase Bank N.A. | 06/20/29 | BBB- | USD | 219 | 3683 | 1775 | 1908 |
| Freeport-McMoRan, Inc. | 1.00 | Quarterly | JPMorgan Chase Bank N.A. | 06/20/29 | BBB- | USD | 148 | 2489 | 835 | 1654 |
| Kinder Morgan, Inc. | 1.00 | Quarterly | JPMorgan Chase Bank N.A. | 06/20/29 | BBB | USD | 396 | 7842 | 6120 | 1722 |
| Kinder Morgan, Inc. | 1.00 | Quarterly | JPMorgan Chase Bank N.A. | 06/20/29 | BBB | USD | 284 | 5624 | 4213 | 1411 |
| Teck Resources Ltd. | 5.00 | Quarterly | Bank of America N.A. | 06/20/29 | BBB- | USD | 790 | 132623 | 105991 | 26632 |
| Verizon Communications, Inc. | 1.00 | Quarterly | Barclays Bank PLC | 06/20/29 | BBB+ | USD | 2767 | 52453 | 41728 | 10725 |
| Verizon Communications, Inc. | 1.00 | Quarterly | Barclays Bank PLC | 06/20/29 | BBB+ | USD | 320 | 6066 | 4716 | 1350 |
| Verizon Communications, Inc. | 1.00 | Quarterly | Barclays Bank PLC | 06/20/29 | BBB+ | USD | 377 | 7147 | 6044 | 1103 |
| Verizon Communications, Inc. | 1.00 | Quarterly | Barclays Bank PLC | 06/20/29 | BBB+ | USD | 503 | 9535 | 8064 | 1471 |
| Verizon Communications, Inc. | 1.00 | Quarterly | Barclays Bank PLC | 06/20/29 | BBB+ | USD | 1475 | 27961 | 23606 | 4355 |
| Verizon Communications, Inc. | 1.00 | Quarterly | Barclays Bank PLC | 06/20/29 | BBB+ | USD | 415 | 7867 | 6797 | 1070 |
| Boeing Co. (The) | 1.00 | Quarterly | Bank of America N.A. | 06/20/30 | BBB- | USD | 1089 | 13021 |  | 13021 |
|  |  |  |  |  |  |  |  | $485814 | $395216 | $90598 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Using the rating of the issuer or the underlying securities of the index, as applicable, provided by S&P Global Ratings.

<sup>(b)</sup> The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement.

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 — Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 — Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**BATS: Series C Portfolio**

**Fair Value Hierarchy as of Period End (continued)**

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds  | &nbsp;&nbsp; $— | &nbsp;&nbsp; $361472384 | &nbsp;&nbsp; $811579 | &nbsp;&nbsp; $362283963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 300240 | &nbsp;&nbsp; — | &nbsp;&nbsp; 300240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Government Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 10448384 | &nbsp;&nbsp; — | &nbsp;&nbsp; 10448384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp; 3727950 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3727950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Securities  | &nbsp;&nbsp; — | &nbsp;&nbsp; 14908441 | &nbsp;&nbsp; — | &nbsp;&nbsp; 14908441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 33099211 | &nbsp;&nbsp; — | &nbsp;&nbsp; 33099211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 12477582 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 12477582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options Purchased |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp; 680182 | &nbsp;&nbsp; — | &nbsp;&nbsp; 680182 |
|  | &nbsp;&nbsp; $12477582 | &nbsp;&nbsp; $424636792 | &nbsp;&nbsp; $811579 | &nbsp;&nbsp; $437925953 |
| Derivative Financial Instruments<sup>(a)</sup> <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Contracts | &nbsp;&nbsp; $— | &nbsp;&nbsp; $90598 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $90598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Contracts | &nbsp;&nbsp; 386527 | &nbsp;&nbsp; 452502 | &nbsp;&nbsp; — | &nbsp;&nbsp; 839029 |
| &nbsp;&nbsp;&nbsp; Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp; (69723)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (69723)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Contracts | &nbsp;&nbsp; (68953)<br>| &nbsp;&nbsp; (582388)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (651341)<br>|
|  | &nbsp;&nbsp; $317574 | &nbsp;&nbsp; $(109011)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $208563 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Derivative financial instruments are swaps, futures contracts and options written. Swaps, futures contracts are valued at the unrealized appreciation (depreciation) on the instrument and options written are shown at value. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Currency Abbreviation**  | **Currency Abbreviation**  |
| USD | United States Dollar |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| CME | Chicago Mercantile Exchange |
| GO | General Obligation Bonds |
| LP | Limited Partnership |
| OTC | Over-the-Counter |
| RB | Revenue Bonds |
| REIT | Real Estate Investment Trust |
| SOFR | Secured Overnight Financing Rate |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock Allocation Target Shares

- **b. Investment Company Act file number:** 811-21457

- **c. CIK number of Registrant:** 0001221845

- **d. LEI of Registrant:** 549300R5YFYF3PL2MC94

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

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** BATS: Series C Portfolio

- **b. EDGAR series identifier (if any):** S000001469

- **c. LEI of Series:** 1L3GOML0CFJMLLUN6G10

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $451587541.94

**Total Liabilities:** $13501706.29

**Net Assets:** $438085835.65

**Delayed Delivery Securities:** $254314.05

**Cash Not Reported:** $1727000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 250.18000000 | **1-Year:** 9002.86000000 | **5-Year:** 58402.23000000 | **10-Year:** 57307.93000000 | **30-Year:** 128296.29000000

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

- **3-Month:** -10234.98000000 | **1-Year:** -1644.85000000 | **5-Year:** 2590.06000000 | **10-Year:** 5343.33000000 | **30-Year:** 4689.12000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000003891 | -0.32%               | 0.36%                | 1.79%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1788204.78             | $-1407887.34                               |
| Month 2  | $-1486706.84             | $840146.99                                 |
| Month 3  | $48279.68                | $6126133.37                                |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Credit Index

- **Index Identifier:** LUCRTRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| APTIV SWISS HOLDINGS LTD                    | Aptiv Swiss Holdings Ltd                                                        | CUSIP: 03837AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    536000 | PA      | $534602.47    | 0.12%             | 2029-09-13      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| HCA INC                                     | HCA Inc                                                                         | CUSIP: 404119CB3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    257000 | PA      | $170243.21    | 0.04%             | 2051-07-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                | NiSource Inc                                                                    | CUSIP: 65473QAZ6<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    238000 | PA      | $234076.44    | 0.05%             | 2042-02-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                             | CMS Energy Corp                                                                 | CUSIP: 125896BN9<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |     95000 | PA      | $84710.92     | 0.02%             | 2044-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $3916.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                         | Synchrony Financial                                                             | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    807000 | PA      | $844400.07    | 0.19%             | 2033-02-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                                 | Netflix Inc                                                                     | CUSIP: 64110LBA3<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |     94000 | PA      | $92766.59     | 0.02%             | 2054-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                        | Edison International                                                            | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1632000 | PA      | $1576339.99   | 0.36%             | 2053-06-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES PWR-MINN                    | Northern States Power Co/MN                                                     | CUSIP: 665772CQ0<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |    124000 | PA      | $92654.21     | 0.02%             | 2047-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                     | Kinder Morgan Energy Partners LP                                                | CUSIP: 494550BU9<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |     94000 | PA      | $88591.06     | 0.02%             | 2044-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                         | Bank of Nova Scotia/The                                                         | CUSIP: 0641598V1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    421000 | PA      | $446454.08    | 0.10%             | 2084-01-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CRH AMERICA FINANCE INC                     | CRH America Finance Inc                                                         | CUSIP: 12636YAD4<br>LEI: 549300WEVUODRJ4CWK56 | Long             | DBT              | CORP              | US        |    306000 | PA      | $257700.06    | 0.06%             | 2048-04-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                        | Glencore Funding LLC                                                            | CUSIP: 378272AY4<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    255000 | PA      | $229764.30    | 0.05%             | 2030-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                            | Welltower OP LLC                                                                | CUSIP: 95040QAM6<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |    473000 | PA      | $429652.97    | 0.10%             | 2031-06-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 172967ML2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    897000 | PA      | $822444.52    | 0.19%             | 2031-01-29      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| FIRST HORIZON CORP                          | First Horizon Corp                                                              | CUSIP: 320517AE5<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | DBT              | CORP              | US        |    378000 | PA      | $383446.75    | 0.09%             | 2031-03-07      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                  | AbbVie Inc                                                                      | CUSIP: 00287YAS8<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    130000 | PA      | $116548.71    | 0.03%             | 2045-05-14      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-1845.23     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRANS-ALLEGHENY INTERSTA                    | Trans-Allegheny Interstate Line Co                                              | CUSIP: 893045AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1101000 | PA      | $1120178.65   | 0.26%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 912810SR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3250000 | PA      | $2020585.94   | 0.46%             | 2040-05-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES PWR-MINN                    | Northern States Power Co/MN                                                     | CUSIP: 665772DA4<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |     93000 | PA      | $92828.47     | 0.02%             | 2055-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                       | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CBP8<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    355000 | PA      | $362804.69    | 0.08%             | 2030-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                              | Morgan Stanley                                                                  | CUSIP: 61747YFZ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   5507000 | PA      | $5645388.93   | 1.29%             | 2031-04-17      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS FREEPORT-MCMORAN INC                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $2489.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PCR1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    345000 | PA      | $305258.91    | 0.07%             | 2045-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                       | American Homes 4 Rent LP                                                        | CUSIP: 02666TAJ6<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |    469000 | PA      | $465527.45    | 0.11%             | 2035-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS FREEPORT-MCMORAN INC                                                        | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $2304.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                    | Ford Motor Credit Co LLC                                                        | CUSIP: 345397E66<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194690.63    | 0.04%             | 2034-03-08      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYB4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    986000 | PA      | $876409.03    | 0.20%             | 2032-04-22      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    839000 | PA      | $856886.74    | 0.20%             | N/A             | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                     | KeyCorp                                                                         | CUSIP: 49326EEP4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |   3485000 | PA      | $3717465.18   | 0.85%             | 2035-03-06      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                | UBS Group AG                                                                    | CUSIP: 225401BJ6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    580000 | PA      | $577615.79    | 0.13%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                  | AbbVie Inc                                                                      | CUSIP: 00287YDV8<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     97000 | PA      | $95076.97     | 0.02%             | 2044-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| OHIO POWER COMPANY                          | Ohio Power Co                                                                   | CUSIP: 677415CQ2<br>LEI: 06ZODLC132CY1O2Y7D77 | Long             | DBT              | CORP              | US        |    628000 | PA      | $485260.79    | 0.11%             | 2048-04-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                             | CMS Energy Corp                                                                 | CUSIP: 125896BL3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    101000 | PA      | $87458.07     | 0.02%             | 2043-03-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PCD2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    140000 | PA      | $117572.79    | 0.03%             | 2043-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                  | Fiserv Inc                                                                      | CUSIP: 337738BH0<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    224000 | PA      | $232913.00    | 0.05%             | 2033-08-21      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                 | Oracle Corp                                                                     | CUSIP: 68389XBJ3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1544000 | PA      | $1190810.62   | 0.27%             | 2046-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                | NiSource Inc                                                                    | CUSIP: 65473QAX1<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    141000 | PA      | $143448.38    | 0.03%             | 2041-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              | CORP              | US        |   6850000 | NC      | $118919.82    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                       | Toronto-Dominion Bank/The                                                       | CUSIP: 89115KAD2<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1275000 | PA      | $1284392.34   | 0.29%             | 2028-06-02      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| TAKEDA PHARMACEUTICAL                       | Takeda Pharmaceutical Co Ltd                                                    | CUSIP: 874060BM7<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |    241000 | PA      | $234351.08    | 0.05%             | 2054-07-05      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                | Comcast Corp                                                                    | CUSIP: 20030NCE9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    259000 | PA      | $196852.33    | 0.04%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AP GRANGE HOLDINGS LLC                      | AP GRANGE HOLDINGS LLC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    738000 | PA      | $731579.40    | 0.17%             | 2045-03-20      | Fixed         | 6.50%                 | Yes           |                  3 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                     | Hyundai Capital America                                                         | CUSIP: 44891ADU8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    790000 | PA      | $794557.26    | 0.18%             | 2027-06-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                         | Invitation Homes Operating Partnership LP                                       | CUSIP: 46188BAA0<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    134000 | PA      | $114094.27    | 0.03%             | 2031-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              | CORP              | US        |   8050000 | NC      | $201047.79    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 06055HAB9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1056000 | PA      | $1073066.14   | 0.24%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ARES STRATEGIC INCOME FU                    | Ares Strategic Income Fund                                                      | CUSIP: 04020EAG2<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85686.97     | 0.02%             | 2028-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                    | Uruguay Government International Bond                                           | CUSIP: 760942BA9<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    101000 | PA      | $93122.00     | 0.02%             | 2050-06-18      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS TOLL BROTHERS FINANCE CORP                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-702.74      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                     | GLP Capital LP / GLP Financing II Inc                                           | CUSIP: 361841AP4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    213000 | PA      | $204691.13    | 0.05%             | 2030-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                       | Wells Fargo & Co                                                                | CUSIP: 94974BGQ7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    273000 | PA      | $240130.36    | 0.05%             | 2045-11-17      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                    | Ford Motor Credit Co LLC                                                        | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194724.39    | 0.04%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PFK3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     89000 | PA      | $86685.19     | 0.02%             | 2044-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                            | Welltower OP LLC                                                                | CUSIP: 95040QAN4<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |     93000 | PA      | $86148.44     | 0.02%             | 2029-01-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| ALABAMA POWER CO                            | Alabama Power Co                                                                | CUSIP: 010392FT0<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |    349000 | PA      | $247666.51    | 0.06%             | 2049-10-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                 | Truist Bank                                                                     | CUSIP: 89788JAE9<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   2123000 | PA      | $2126163.69   | 0.49%             | 2027-05-20      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PFC1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    188000 | PA      | $175745.64    | 0.04%             | 2054-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                    | Vistra Operations Co LLC                                                        | CUSIP: 92840VAQ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    121000 | PA      | $132868.29    | 0.03%             | 2033-10-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                          | Credit Agricole SA                                                              | CUSIP: 225313AJ4<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $202500.00    | 0.05%             | N/A             | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| AON CORP                                    | Aon Corp                                                                        | CUSIP: 037389AU7<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | DBT              | CORP              | US        |    178000 | PA      | $189112.32    | 0.04%             | 2040-09-30      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                      | Philip Morris International Inc                                                 | CUSIP: 718172DR7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    535000 | PA      | $533953.37    | 0.12%             | 2028-04-28      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                  | Humana Inc                                                                      | CUSIP: 444859BB7<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    103000 | PA      | $85465.52     | 0.02%             | 2042-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                 | Southern Co/The                                                                 | CUSIP: 842587DR5<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    177000 | PA      | $180088.05    | 0.04%             | 2033-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                  | Fiserv Inc                                                                      | CUSIP: 337738BL1<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |     85000 | PA      | $87065.92     | 0.02%             | 2034-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES INC                    | Agilent Technologies Inc                                                        | CUSIP: 00846UAQ4<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |   1231000 | PA      | $1230508.15   | 0.28%             | 2027-09-09      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                           | General Motors Co                                                               | CUSIP: 37045VBA7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   1379000 | PA      | $1409478.52   | 0.32%             | 2030-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.             | CDS CDX.NA.IG.44.V1                                                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-226115.93   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA              | Chicago O'Hare International Airport                                            | CUSIP: 167593AN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1105629.88   | 0.25%             | 2040-01-01      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS KINDER MORGAN INC                                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $5624.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONWIDE CHILDREN HOSP                    | Nationwide Children's Hospital Inc                                              | CUSIP: 63861UAA7<br>LEI: 549300P18KU1WR8JWZ05 | Long             | DBT              | CORP              | US        |    151000 | PA      | $128712.19    | 0.03%             | 2052-11-01      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                    | Cheniere Energy Partners LP                                                     | CUSIP: 16411QAS0<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    291000 | PA      | $298848.39    | 0.07%             | 2034-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM                    | Amcor Flexibles North America Inc                                               | CUSIP: 02344AAE8<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1090657.56   | 0.25%             | 2035-03-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 912810TU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2075000 | PA      | $1977815.42   | 0.45%             | 2043-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                    | International Business Machines Corp                                            | CUSIP: 459200KP5<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    332000 | PA      | $228415.97    | 0.05%             | 2052-02-09      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                | CaixaBank SA                                                                    | CUSIP: 12803RAK0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   1297000 | PA      | $1300230.37   | 0.30%             | 2029-07-03      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                  | AbbVie Inc                                                                      | CUSIP: 00287YDW6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    688000 | PA      | $668980.68    | 0.15%             | 2054-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| PIONEER NATURAL RESOURCE                    | Pioneer Natural Resources Co                                                    | CUSIP: 723787AR8<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |    759000 | PA      | $674159.86    | 0.15%             | 2031-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | CDS VERIZON COMMUNICATIONS INC                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $52452.50     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                       | Wells Fargo & Co                                                                | CUSIP: 95000U3R2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    530000 | PA      | $533837.70    | 0.12%             | 2028-01-24      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                | AES Corp/The                                                                    | CUSIP: 00130HCM5<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1015274.68   | 0.23%             | 2032-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PEF5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    404000 | PA      | $267972.67    | 0.06%             | 2051-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PFR8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66012.21     | 0.02%             | 2055-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                          | Credit Agricole SA                                                              | CUSIP: 22535WAR8<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   2207000 | PA      | $2248154.94   | 0.51%             | 2031-05-27      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS FREEPORT-MCMORAN INC                                                        | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $3481.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                    | Burlington Northern Santa Fe LLC                                                | CUSIP: 12189LBM2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1093000 | PA      | $1124716.70   | 0.26%             | 2056-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ALABAMA POWER CO                            | Alabama Power Co                                                                | CUSIP: 010392EC8<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |    810000 | PA      | $844606.65    | 0.19%             | 2033-02-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                  | Fiserv Inc                                                                      | CUSIP: 337738BK3<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    206000 | PA      | $213578.86    | 0.05%             | 2031-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| STATE OF ISRAEL                             | Israel Government International Bond                                            | CUSIP: 46514BRM1<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    768000 | PA      | $711840.00    | 0.16%             | 2054-03-12      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ANALOG DEVICES INC                          | Analog Devices Inc                                                              | CUSIP: 032654AK1<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |    110000 | PA      | $106111.39    | 0.02%             | 2045-12-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP                            | FirstEnergy Corp                                                                | CUSIP: 337932AJ6<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |    160000 | PA      | $135955.85    | 0.03%             | 2047-07-15      | Variable      | 4.85%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP                              | Solventum Corp                                                                  | CUSIP: 83444MAR2<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |   2332000 | PA      | $2399967.91   | 0.55%             | 2034-03-23      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS FREEPORT-MCMORAN INC                                                        | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $11016.13     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                    | Duke Energy Progress LLC                                                        | CUSIP: 26442UAB0<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |    122000 | PA      | $100332.51    | 0.02%             | 2045-08-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                           | Ares Capital Corp                                                               | CUSIP: 04010LBH5<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    337000 | PA      | $335589.84    | 0.08%             | 2032-03-08      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                       | Rio Tinto Finance USA PLC                                                       | CUSIP: 76720AAW6<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    197000 | PA      | $197843.34    | 0.05%             | 2065-03-14      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308HR1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    670000 | PA      | $479688.44    | 0.11%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                           | Kinder Morgan Inc                                                               | CUSIP: 49456BBA8<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    615000 | PA      | $603548.26    | 0.14%             | 2054-08-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES PWR-MINN                    | Northern States Power Co/MN                                                     | CUSIP: 665772CS6<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |    151000 | PA      | $91140.94     | 0.02%             | 2051-06-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                          | Ford Motor Co                                                                   | CUSIP: 345370CQ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    199000 | PA      | $153019.87    | 0.03%             | 2043-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| OHIO POWER COMPANY                          | Ohio Power Co                                                                   | CUSIP: 199575AT8<br>LEI: 06ZODLC132CY1O2Y7D77 | Long             | DBT              | CORP              | US        |    194000 | PA      | $211721.32    | 0.05%             | 2033-03-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                    | Lloyds Banking Group PLC                                                        | CUSIP: 539439BE8<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    740000 | PA      | $760793.32    | 0.17%             | 2036-06-13      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                    | RTX Corp                                                                        | CUSIP: 75513ECK5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    103000 | PA      | $85571.55     | 0.02%             | 2047-04-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| AIB GROUP PLC                               | AIB Group PLC                                                                   | CUSIP: 00135TAF1<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |   1035000 | PA      | $1053155.19   | 0.24%             | 2031-05-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                         | Southern California Edison Co                                                   | CUSIP: 842400HR7<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    165000 | PA      | $142407.15    | 0.03%             | 2052-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    209000 | PA      | $203143.57    | 0.05%             | 2027-07-22      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                            | Welltower OP LLC                                                                | CUSIP: 95040QAP9<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |    233000 | PA      | $207991.15    | 0.05%             | 2032-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GZM9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2105000 | PA      | $1894598.18   | 0.43%             | 2033-02-24      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                     | America Movil SAB de CV                                                         | CUSIP: 02364WBG9<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    221000 | PA      | $180806.73    | 0.04%             | 2049-04-22      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| COLBUN SA                                   | Colbun SA                                                                       | CUSIP: 192714AE3<br>LEI: 5493003VQJLE2QB8IF36 | Long             | DBT              | CORP              | CL        |    615000 | PA      | $545658.75    | 0.12%             | 2032-01-19      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                          | Meta Platforms Inc                                                              | CUSIP: 30303M8J4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    699000 | PA      | $589332.06    | 0.13%             | 2052-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                         | Global Payments Inc                                                             | CUSIP: 891906AC3<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1124394.33   | 0.26%             | 2026-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| HESS CORP                                   | Hess Corp                                                                       | CUSIP: 42809HAH0<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |     88000 | PA      | $87527.91     | 0.02%             | 2047-04-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                          | Ingersoll Rand Inc                                                              | CUSIP: 45687VAB2<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |    687000 | PA      | $719425.80    | 0.16%             | 2033-08-14      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                     | Kinder Morgan Energy Partners LP                                                | CUSIP: 494550BW5<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    126000 | PA      | $116467.51    | 0.03%             | 2044-09-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BRIXMOR OPERATING PART                      | Brixmor Operating Partnership LP                                                | CUSIP: 11120VAL7<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |    100000 | PA      | $87150.88     | 0.02%             | 2031-08-16      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                             | CVS Health Corp                                                                 | CUSIP: 126650DL1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    116000 | PA      | $87759.88     | 0.02%             | 2050-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MIDAMERICAN ENERGY CO                       | MidAmerican Energy Co                                                           | CUSIP: 595620AR6<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    308000 | PA      | $243082.89    | 0.06%             | 2047-08-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308JH1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    189000 | PA      | $135209.85    | 0.03%             | 2040-08-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                    | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BW3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1308000 | PA      | $1362737.30   | 0.31%             | 2028-08-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                   | Boeing Co/The                                                                   | CUSIP: 097023BZ7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1843000 | PA      | $1275744.43   | 0.29%             | 2048-03-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS KINDER MORGAN INC                                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $7842.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                           | Eversource Energy                                                               | CUSIP: 30040WAR9<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |     84000 | PA      | $84396.43     | 0.02%             | 2027-07-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                    | CenterPoint Energy Houston Electric LLC                                         | CUSIP: 15189XAV0<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    328000 | PA      | $291528.28    | 0.07%             | 2031-04-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $12372.54     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA CORP                                 | NVIDIA Corp                                                                     | CUSIP: 67066GAG9<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |    710000 | PA      | $598091.97    | 0.14%             | 2040-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                           | Kinder Morgan Inc                                                               | CUSIP: 49456BAH4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |     92000 | PA      | $86783.53     | 0.02%             | 2045-06-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                       | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CBC7<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    117000 | PA      | $82855.49     | 0.02%             | 2051-04-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                    | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599AW4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $334768.12    | 0.08%             | 2026-11-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                            | Berry Global Inc                                                                | CUSIP: 08576PAH4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1819000 | PA      | $1786478.01   | 0.41%             | 2026-01-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                    | Uruguay Government International Bond                                           | CUSIP: 760942BD3<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    718000 | PA      | $636148.00    | 0.15%             | 2055-04-20      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                            | Crown Castle Inc                                                                | CUSIP: 22822VAH4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |     86000 | PA      | $84519.23     | 0.02%             | 2027-09-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                     | American Electric Power Co Inc                                                  | CUSIP: 02557TAD1<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    659000 | PA      | $659520.57    | 0.15%             | 2025-08-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 29278NAR4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    851000 | PA      | $711155.33    | 0.16%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                              | NRG Energy Inc                                                                  | CUSIP: 629377CP5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    330000 | PA      | $313206.65    | 0.07%             | 2027-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PES7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    178000 | PA      | $178341.65    | 0.04%             | 2053-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                            | Welltower OP LLC                                                                | CUSIP: 95041AAG3<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1114322.05   | 0.25%             | 2035-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| DUPONT DE NEMOURS INC                       | DuPont de Nemours Inc                                                           | CUSIP: 26078JAE0<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |    610000 | PA      | $631435.71    | 0.14%             | 2038-11-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| NASDAQ INC                                  | Nasdaq Inc                                                                      | CUSIP: 63111XAJ0<br>LEI: 549300L8X1Q78ERXFD06 | Long             | DBT              | CORP              | US        |    249000 | PA      | $259425.46    | 0.06%             | 2034-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                            | T-Mobile USA Inc                                                                | CUSIP: 87264ADD4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    106000 | PA      | $107903.93    | 0.02%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                    | CenterPoint Energy Houston Electric LLC                                         | CUSIP: 15189XAX6<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    138000 | PA      | $124884.81    | 0.03%             | 2032-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MIDAMERICAN ENERGY CO                       | MidAmerican Energy Co                                                           | CUSIP: 595620AW5<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    143000 | PA      | $88518.01     | 0.02%             | 2052-08-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY INC                         | Cheniere Energy Inc                                                             | CUSIP: 16411RAN9<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |   1970000 | PA      | $2017633.89   | 0.46%             | 2034-04-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR ULTRA                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -49 | NC      | $-66759.02    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308JG3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1251000 | PA      | $1085932.30   | 0.25%             | 2031-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1700000 | PA      | $1690968.75   | 0.39%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                  | PacifiCorp                                                                      | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |     82000 | PA      | $85243.95     | 0.02%             | 2055-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                            | Paramount Global                                                                | CUSIP: 124857AR4<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    668000 | PA      | $650204.06    | 0.15%             | 2027-01-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                        | M&T Bank Corp                                                                   | CUSIP: 55261FAV6<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    378000 | PA      | $376687.01    | 0.09%             | 2036-01-16      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NVIDIA CORP                                 | NVIDIA Corp                                                                     | CUSIP: 67066GAH7<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |    380000 | PA      | $283870.14    | 0.06%             | 2050-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $56989.93     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS FREEPORT-MCMORAN INC                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $3683.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OHIO POWER COMPANY                          | Ohio Power Co                                                                   | CUSIP: 677415CR0<br>LEI: 06ZODLC132CY1O2Y7D77 | Long             | DBT              | CORP              | US        |    270000 | PA      | $204628.80    | 0.05%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV                     | Fidelity National Information Services Inc                                      | CUSIP: 31620MBU9<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |    411000 | PA      | $301974.13    | 0.07%             | 2041-03-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                   | Amgen Inc                                                                       | CUSIP: 031162CS7<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    777000 | PA      | $546569.28    | 0.12%             | 2050-02-21      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AEP TRANSMISSION CO LLC                     | AEP Transmission Co LLC                                                         | CUSIP: 00115AAN9<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |    310000 | PA      | $189639.81    | 0.04%             | 2051-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                            | Paramount Global                                                                | CUSIP: 124857AT0<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |     48000 | PA      | $46441.49     | 0.01%             | 2028-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                 | Oracle Corp                                                                     | CUSIP: 68389XDB8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1834000 | PA      | $1830909.53   | 0.42%             | 2055-08-03      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALGONQUIN PWR & UTILITY                     | Algonquin Power & Utilities Corp                                                | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   1715000 | PA      | $1724131.47   | 0.39%             | 2026-06-15      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                    | Aptiv Swiss Holdings Ltd                                                        | CUSIP: 03837AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    553000 | PA      | $533720.75    | 0.12%             | 2034-09-13      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING                     | DCP Midstream Operating LP                                                      | CUSIP: 23311VAH0<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    522000 | PA      | $530264.27    | 0.12%             | 2029-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PFL1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    259000 | PA      | $251235.51    | 0.06%             | 2054-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 29273RAZ2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     92000 | PA      | $87399.28     | 0.02%             | 2043-10-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                    | Aptiv Swiss Holdings Ltd                                                        | CUSIP: 00217GAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    607000 | PA      | $543276.47    | 0.12%             | 2032-03-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                   | Amgen Inc                                                                       | CUSIP: 031162CD0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    131000 | PA      | $111333.85    | 0.03%             | 2048-06-15      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY ENERG                    | Berkshire Hathaway Energy Co                                                    | CUSIP: 084659BC4<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |    342000 | PA      | $209441.08    | 0.05%             | 2051-05-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                            | T-Mobile USA Inc                                                                | CUSIP: 87264ACT0<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    149000 | PA      | $99529.03     | 0.02%             | 2052-10-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                           | Ares Capital Corp                                                               | CUSIP: 04010LBF9<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    568000 | PA      | $579165.45    | 0.13%             | 2029-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION                    | FirstEnergy Transmission LLC                                                    | CUSIP: 33767BAC3<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |    175000 | PA      | $148330.68    | 0.03%             | 2049-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO                            | Georgia Power Co                                                                | CUSIP: 373334LB5<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |   1484000 | PA      | $1504650.78   | 0.34%             | 2035-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| AEP TRANSMISSION CO LLC                     | AEP Transmission Co LLC                                                         | CUSIP: 00115AAS8<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |    107000 | PA      | $109328.31    | 0.02%             | 2035-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                       | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CAT1<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    184000 | PA      | $138420.53    | 0.03%             | 2047-12-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 912810TK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2375000 | PA      | $1993422.86   | 0.46%             | 2042-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                          | Realty Income Corp                                                              | CUSIP: 756109CT9<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    128000 | PA      | $128152.77    | 0.03%             | 2035-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LEHMAN BROS CAP TR VII                      | Lehman Brothers Holdings Capital Trust VII                                      | CUSIP: 524908XA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4070000 | PA      | $0.41         | 0.00%             | N/A             | Variable      | 5.86%                 | No            |                  3 | On Loan: No      |
| PARAMOUNT GLOBAL                            | Paramount Global                                                                | CUSIP: 92553PAU6<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    209000 | PA      | $181896.53    | 0.04%             | 2043-09-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS FORD MOTOR CO                                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $25838.43     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-33288.26    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                    | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     92000 | PA      | $65600.46     | 0.01%             | 2042-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                          | Realty Income Corp                                                              | CUSIP: 756109AT1<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |     93000 | PA      | $80784.16     | 0.02%             | 2047-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                             | DTE Electric Co                                                                 | CUSIP: 23338VAJ5<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    176000 | PA      | $138129.27    | 0.03%             | 2049-03-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| STEEL DYNAMICS INC                          | Steel Dynamics Inc                                                              | CUSIP: 858119BT6<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |    242000 | PA      | $234564.99    | 0.05%             | 2055-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                  | AbbVie Inc                                                                      | CUSIP: 00287YCA5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    266000 | PA      | $233150.79    | 0.05%             | 2039-11-21      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                                 | Netflix Inc                                                                     | CUSIP: 64110LAV8<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |   1610000 | PA      | $1647306.36   | 0.38%             | 2030-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                    | Intercontinental Exchange Inc                                                   | CUSIP: 45866FAH7<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    104000 | PA      | $85709.52     | 0.02%             | 2048-09-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HOAG MEMORIAL HOSPITAL                      | Hoag Memorial Hospital Presbyterian                                             | CUSIP: 43371HAA1<br>LEI: FZFVQHQN7LISVXIZDB30 | Long             | DBT              | CORP              | US        |    137000 | PA      | $103213.72    | 0.02%             | 2052-07-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                            | Peruvian Government International Bond                                          | CUSIP: 715638DR0<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    161000 | PA      | $86457.00     | 0.02%             | 2121-07-28      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                    | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BN3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    391000 | PA      | $390434.00    | 0.09%             | 2027-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1721000 | PA      | $1725561.72   | 0.39%             | 2028-05-07      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                     | Imperial Brands Finance PLC                                                     | CUSIP: 45262BAJ2<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   1510000 | PA      | $1509819.43   | 0.34%             | 2028-06-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                            | Crown Castle Inc                                                                | CUSIP: 22822VAV3<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   1911000 | PA      | $1840506.40   | 0.42%             | 2026-07-15      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC                                | HSBC USA Inc                                                                    | CUSIP: 40428HR95<br>LEI: 549300LBOHZ4QSIWU288 | Long             | DBT              | CORP              | US        |   2124000 | PA      | $2140753.43   | 0.49%             | 2028-06-03      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 91282CEM9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    235000 | PA      | $227830.66    | 0.05%             | 2029-04-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                   | Boeing Co/The                                                                   | CUSIP: 097023CB9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1279000 | PA      | $918659.92    | 0.21%             | 2048-11-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | U.S. TREASURY BOND                                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -5 | NC      | $-13757.45    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BALTIMORE GAS & ELECTRIC                    | Baltimore Gas and Electric Co                                                   | CUSIP: 059165EK2<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |    384000 | PA      | $311571.99    | 0.07%             | 2048-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MEMORIAL HEALTH SERVICES                    | Memorial Health Services                                                        | CUSIP: 58601VAC6<br>LEI: 549300FTIZOMIONZZ882 | Long             | DBT              | CORP              | US        |    191000 | PA      | $135996.82    | 0.03%             | 2049-11-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                | Centene Corp                                                                    | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    226000 | PA      | $201935.75    | 0.05%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                  | Fiserv Inc                                                                      | CUSIP: 337738BN7<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    349000 | PA      | $350275.80    | 0.08%             | 2034-08-12      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | CDS VERIZON COMMUNICATIONS INC                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $27960.76     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 29273RBL2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    259000 | PA      | $228444.79    | 0.05%             | 2047-04-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS AT&T INC                                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $2627.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                        | Targa Resources Corp                                                            | CUSIP: 87612GAD3<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    151000 | PA      | $155013.35    | 0.04%             | 2053-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 29278NAD5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    174000 | PA      | $174583.78    | 0.04%             | 2038-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PDL3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    250000 | PA      | $200881.60    | 0.05%             | 2048-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                | AES Corp/The                                                                    | CUSIP: 00130HCB9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    862000 | PA      | $861039.00    | 0.20%             | 2025-07-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                           | Kinder Morgan Inc                                                               | CUSIP: 49456BAS0<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    173000 | PA      | $111866.55    | 0.03%             | 2050-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                       | Uber Technologies Inc                                                           | CUSIP: 90353TAP5<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    163000 | PA      | $160104.53    | 0.04%             | 2034-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                  | AbbVie Inc                                                                      | CUSIP: 00287YDB2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     96000 | PA      | $86509.36     | 0.02%             | 2045-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 912810TW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1997890.62   | 0.46%             | 2043-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                              | Morgan Stanley                                                                  | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   4373000 | PA      | $4436615.56   | 1.01%             | 2029-04-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS LP                          | Regency Centers LP                                                              | CUSIP: 75884RBC6<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85189.50     | 0.02%             | 2035-01-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                          | Ford Motor Co                                                                   | CUSIP: 345370CA6<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    346000 | PA      | $374664.78    | 0.09%             | 2031-07-16      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                          | Expand Energy Corp                                                              | CUSIP: 92735LAA0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    900000 | PA      | $910773.90    | 0.21%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | CDS VERIZON COMMUNICATIONS INC                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $9535.09      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ASSOC BANC-CORP                             | Associated Banc-Corp                                                            | CUSIP: 045487AD7<br>LEI: 549300N3CIN473IW5094 | Long             | DBT              | CORP              | US        |   1470000 | PA      | $1510666.57   | 0.34%             | 2030-08-29      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                         | JPMorgan Chase & Co                                                             | CUSIP: 46647PBM7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    123000 | PA      | $94272.03     | 0.02%             | 2041-04-22      | Fixed         | 3.11%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                     | Public Service Electric and Gas Co                                              | CUSIP: 74456QCG9<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    135000 | PA      | $88001.59     | 0.02%             | 2051-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 912810TZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2380000 | PA      | $2299675.00   | 0.52%             | 2044-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                    | EQT Corp                                                                        | CUSIP: 26884LAN9<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    614000 | PA      | $569110.63    | 0.13%             | 2031-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                            | Crown Castle Inc                                                                | CUSIP: 22822VAZ4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   1067000 | PA      | $1038026.75   | 0.24%             | 2027-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                       | American Homes 4 Rent LP                                                        | CUSIP: 02666TAH0<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |     86000 | PA      | $87147.59     | 0.02%             | 2034-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                       | Mexico Government International Bond                                            | CUSIP: 91086QAV0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    168000 | PA      | $160080.48    | 0.04%             | 2040-01-11      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                              | NRG Energy Inc                                                                  | CUSIP: 629377CL4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    211000 | PA      | $207587.18    | 0.05%             | 2029-06-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CONSUMERS ENERGY CO                         | Consumers Energy Co                                                             | CUSIP: 210518DF0<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |    244000 | PA      | $163591.34    | 0.04%             | 2050-08-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                      | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BU8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    226000 | PA      | $252645.83    | 0.06%             | 2034-10-20      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 06051GGF0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    306000 | PA      | $303333.16    | 0.07%             | 2028-01-20      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                     | GLP Capital LP / GLP Financing II Inc                                           | CUSIP: 361841AL3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $166829.52    | 0.04%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                    | Ford Motor Credit Co LLC                                                        | CUSIP: 345397E74<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    861000 | PA      | $867552.53    | 0.20%             | 2027-05-17      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| 3M COMPANY                                  | 3M Co                                                                           | CUSIP: 88579YBK6<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |    476000 | PA      | $321913.48    | 0.07%             | 2049-08-26      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                         | Southern California Edison Co                                                   | CUSIP: 842400JF1<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    735000 | PA      | $733713.60    | 0.17%             | 2026-09-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                      | Daimler Truck Finance North America LLC                                         | CUSIP: 233853AM2<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    791000 | PA      | $780872.95    | 0.18%             | 2027-04-07      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                     | Public Service Electric and Gas Co                                              | CUSIP: 74456QBZ8<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    111000 | PA      | $85989.62     | 0.02%             | 2049-05-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK OP LLC                           | Healthpeak OP LLC                                                               | CUSIP: 42250PAA1<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              | CORP              | US        |     90000 | PA      | $84383.54     | 0.02%             | 2030-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                    | Florida Power & Light Co                                                        | CUSIP: 341081FA0<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |     77000 | PA      | $82730.47     | 0.02%             | 2038-02-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                    | Cheniere Energy Partners LP                                                     | CUSIP: 16411QAV3<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    255000 | PA      | $257004.84    | 0.06%             | 2035-10-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                | Broadcom Inc                                                                    | CUSIP: 11135FCD1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    212000 | PA      | $209438.77    | 0.05%             | 2034-10-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                            | BAT Capital Corp                                                                | CUSIP: 05526DBQ7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    292000 | PA      | $257807.67    | 0.06%             | 2050-04-02      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                     | Kinder Morgan Energy Partners LP                                                | CUSIP: 28370TAF6<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    272000 | PA      | $236317.70    | 0.05%             | 2042-11-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| SIEMENS FUNDING BV                          | Siemens Funding BV                                                              | CUSIP: 82622RAG1<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $207167.62    | 0.05%             | 2065-05-28      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                           | NatWest Group PLC                                                               | CUSIP: 780097BQ3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    654000 | PA      | $652925.67    | 0.15%             | N/A             | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                         | Gilead Sciences Inc                                                             | CUSIP: 375558BK8<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    240000 | PA      | $196028.87    | 0.04%             | 2047-03-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| PPL CAPITAL FUNDING INC                     | PPL Capital Funding Inc                                                         | CUSIP: 69352PAT0<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |    555000 | PA      | $559462.59    | 0.13%             | 2034-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                    | EQT Corp                                                                        | CUSIP: 26884LAM1<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1382000 | PA      | $1360719.49   | 0.31%             | 2026-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                        | Lockheed Martin Corp                                                            | CUSIP: 539830BD0<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    128000 | PA      | $100854.95    | 0.02%             | 2045-03-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                      | Daimler Truck Finance North America LLC                                         | CUSIP: 233853AF7<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193293.79    | 0.04%             | 2026-12-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                    | Duke Energy Progress LLC                                                        | CUSIP: 26442UAC8<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |    250000 | PA      | $188703.84    | 0.04%             | 2046-10-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO                    | Virginia Electric and Power Co                                                  | CUSIP: 927804FP4<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |     99000 | PA      | $86778.70     | 0.02%             | 2043-08-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                    | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 03523TBV9<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    491000 | PA      | $487275.74    | 0.11%             | 2049-01-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                | Broadcom Inc                                                                    | CUSIP: 11135FBV2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    234000 | PA      | $227102.59    | 0.05%             | 2037-05-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                       | Alibaba Group Holding Ltd                                                       | CUSIP: 01609WAZ5<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    300000 | PA      | $195000.00    | 0.04%             | 2051-02-09      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                          | Credit Agricole SA                                                              | CUSIP: 22535WAH0<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   1096000 | PA      | $1075096.69   | 0.25%             | 2027-01-26      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| 3M COMPANY                                  | 3M Co                                                                           | CUSIP: 88579YBR1<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |   1299000 | PA      | $1310558.13   | 0.30%             | 2035-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                         | JPMorgan Chase & Co                                                             | CUSIP: 46647PBV7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    134000 | PA      | $93923.68     | 0.02%             | 2041-11-19      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION                    | FirstEnergy Transmission LLC                                                    | CUSIP: 000000000<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |    158000 | PA      | $133921.41    | 0.03%             | 2049-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| DAI-ICHI LIFE INSURANCE                     | Dai-ichi Life Insurance Co Ltd/The                                              | CUSIP: 23381LAA2<br>LEI: 3538001235ACEIORUV72 | Long             | DBT              | CORP              | JP        |    395000 | PA      | $398584.23    | 0.09%             | N/A             | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY DEDICATE              | Metropolitan Transportation Authority Dedicated Tax Fund                        | CUSIP: 59259NZH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $1163426.94   | 0.27%             | 2039-11-15      | Fixed         | 7.34%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                       | Foundry JV Holdco LLC                                                           | CUSIP: 350930AJ2<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    233000 | PA      | $242526.50    | 0.06%             | 2037-01-25      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | CDS VERIZON COMMUNICATIONS INC                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $7866.93      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COTERRA ENERGY INC                          | Coterra Energy Inc                                                              | CUSIP: 127097AN3<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |    178000 | PA      | $165690.98    | 0.04%             | 2055-02-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| PINNACLE WEST CAPITAL                       | Pinnacle West Capital Corp                                                      | CUSIP: 723484AN1<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |    851000 | PA      | $871150.42    | 0.20%             | 2030-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                         | Elevance Health Inc                                                             | CUSIP: 94973VAL1<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    229000 | PA      | $240118.16    | 0.05%             | 2036-01-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                          | Expand Energy Corp                                                              | CUSIP: 845467AR0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |   5437000 | PA      | $5442060.11   | 1.24%             | 2029-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS FORD MOTOR CO                                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $40782.66     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PBQ4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     97000 | PA      | $99905.32     | 0.02%             | 2041-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                      | Diamondback Energy Inc                                                          | CUSIP: 25278XAN9<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    807000 | PA      | $771990.65    | 0.18%             | 2029-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PDV1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    265000 | PA      | $186733.63    | 0.04%             | 2059-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                           | General Motors Co                                                               | CUSIP: 37045VAT7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    443000 | PA      | $414099.68    | 0.09%             | 2049-04-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 91282CMU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4660000 | PA      | $4703323.46   | 1.07%             | 2030-03-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COX COMMUNICATIONS INC                      | Cox Communications Inc                                                          | CUSIP: 224044CV7<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |    763000 | PA      | $708350.61    | 0.16%             | 2054-09-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| AT&T REIGN II LB PTT                        | AT&T Reign II Multi-Property Lease-Backed Pass-Through Trust                    | CUSIP: 046912AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1935000 | PA      | $1936053.61   | 0.44%             | 2044-12-15      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| EASTERN ENERGY GAS                          | Eastern Energy Gas Holdings LLC                                                 | CUSIP: 27636AAC6<br>LEI: 549300BFOD6TDMVV4O24 | Long             | DBT              | CORP              | US        |    775000 | PA      | $800872.75    | 0.18%             | 2055-01-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                              | Air Lease Corp                                                                  | CUSIP: 00914AAM4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   2393000 | PA      | $2326387.88   | 0.53%             | 2026-08-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                           | L3Harris Technologies Inc                                                       | CUSIP: 502431AQ2<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    328000 | PA      | $336914.86    | 0.08%             | 2033-07-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                | Comcast Corp                                                                    | CUSIP: 20030NDL2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    977000 | PA      | $585821.11    | 0.13%             | 2051-01-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| 3M COMPANY                                  | 3M Co                                                                           | CUSIP: 88579YBP5<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |    772000 | PA      | $567092.32    | 0.13%             | 2050-04-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| INTERSTATE POWER & LIGHT                    | Interstate Power and Light Co                                                   | CUSIP: 461070AU8<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |    111000 | PA      | $115252.95    | 0.03%             | 2033-10-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-4193.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                    | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BT0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    179000 | PA      | $143212.22    | 0.03%             | 2050-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                      | Brookfield Finance Inc                                                          | CUSIP: 11271LAN2<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    570000 | PA      | $545461.22    | 0.12%             | 2055-01-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                    | Intercontinental Exchange Inc                                                   | CUSIP: 45866FAL8<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    134000 | PA      | $87448.40     | 0.02%             | 2050-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                       | Micron Technology Inc                                                           | CUSIP: 595112CH4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1611709.48   | 0.37%             | 2035-11-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ELECTRIC POWER                    | Wisconsin Electric Power Co                                                     | CUSIP: 976656CT3<br>LEI: AENKIFMULUAWOUU8Q584 | Long             | DBT              | CORP              | US        |    181000 | PA      | $162961.00    | 0.04%             | 2054-10-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                    | EQT Corp                                                                        | CUSIP: 26884LBC2<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    853000 | PA      | $839585.66    | 0.19%             | 2031-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                    | Sumitomo Mitsui Financial Group Inc                                             | CUSIP: 86562MAF7<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    249000 | PA      | $244662.75    | 0.06%             | 2026-07-14      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| KEY BANK NA                                 | KeyBank NA/Cleveland OH                                                         | CUSIP: 49327V2B9<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    557000 | PA      | $537999.74    | 0.12%             | 2029-04-13      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                         | Gilead Sciences Inc                                                             | CUSIP: 375558CA9<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |     86000 | PA      | $84895.37     | 0.02%             | 2053-10-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              | CORP              | US        |   9375000 | NC      | $204099.42    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY ENERG                    | Berkshire Hathaway Energy Co                                                    | CUSIP: 084659AP6<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |    144000 | PA      | $108683.66    | 0.02%             | 2048-07-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                    | Florida Power & Light Co                                                        | CUSIP: 341081FX0<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    126000 | PA      | $85136.42     | 0.02%             | 2049-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 172967BU4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    248000 | PA      | $257190.58    | 0.06%             | 2033-02-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              | CORP              | US        |   6875000 | NC      | $88407.74     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                    | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599AX2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    128000 | PA      | $127413.32    | 0.03%             | 2027-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                               | AppLovin Corp                                                                   | CUSIP: 03831WAE8<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   1043000 | PA      | $1018626.51   | 0.23%             | 2054-12-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                         | Dominion Energy Inc                                                             | CUSIP: 25746UDY2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    775000 | PA      | $780105.72    | 0.18%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                            | Ryder System Inc                                                                | CUSIP: 78355HKT5<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    565000 | PA      | $550323.23    | 0.13%             | 2027-03-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| 3M COMPANY                                  | 3M Co                                                                           | CUSIP: 88579YAZ4<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |    201000 | PA      | $148506.25    | 0.03%             | 2047-10-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY FLORIDA LLC                     | Duke Energy Florida LLC                                                         | CUSIP: 26444HAF8<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |    252000 | PA      | $201867.77    | 0.05%             | 2048-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              | CORP              | US        | -33520000 | NC      | $-335793.71   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                    | Baxter International Inc                                                        | CUSIP: 071813CS6<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    665000 | PA      | $579603.81    | 0.13%             | 2032-02-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                         | CommonSpirit Health                                                             | CUSIP: 20268JAG8<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    292000 | PA      | $216191.72    | 0.05%             | 2050-10-01      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                 | BNP Paribas SA                                                                  | CUSIP: 05565AM34<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    647000 | PA      | $680498.43    | 0.16%             | N/A             | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                    | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 035240AQ3<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    965000 | PA      | $982385.43    | 0.22%             | 2029-01-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                      | Diamondback Energy Inc                                                          | CUSIP: 25278XBA6<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    234000 | PA      | $217204.20    | 0.05%             | 2054-04-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                         | Elevance Health Inc                                                             | CUSIP: 036752AH6<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    174000 | PA      | $145004.72    | 0.03%             | 2048-03-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 29273VBB5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     92000 | PA      | $88418.86     | 0.02%             | 2054-09-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                        | Targa Resources Corp                                                            | CUSIP: 87612GAB7<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    308000 | PA      | $256940.31    | 0.06%             | 2052-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| APPLIED MATERIALS INC                       | Applied Materials Inc                                                           | CUSIP: 038222AN5<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | DBT              | CORP              | US        |    235000 | PA      | $208850.22    | 0.05%             | 2030-06-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                       | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CBA1<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    424000 | PA      | $391742.30    | 0.09%             | 2030-02-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $30917.32     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DUKE ENERGY INDIANA LLC                     | Duke Energy Indiana LLC                                                         | CUSIP: 26443TAF3<br>LEI: 6URPHM2EAWGJ2C6ISB97 | Long             | DBT              | CORP              | US        |    290000 | PA      | $298075.79    | 0.07%             | 2055-05-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| PUB SVC ELEC & GAS                          | Public Service Electric and Gas Co                                              | CUSIP: 74456QAQ9<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |     94000 | PA      | $98180.45     | 0.02%             | 2036-12-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                       | Mexico Government International Bond                                            | CUSIP: 91087BAS9<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    501000 | PA      | $352097.79    | 0.08%             | 2052-02-12      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                        | Raizen Fuels Finance SA                                                         | CUSIP: 75102XAE6<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |   1096000 | PA      | $1073395.00   | 0.25%             | 2037-02-25      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| SKANDINAVISKA ENSKILDA                      | Skandinaviska Enskilda Banken AB                                                | CUSIP: 830505BE2<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |   1060000 | PA      | $1068161.10   | 0.24%             | 2028-06-02      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $56377.99     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                               | Amphenol Corp                                                                   | CUSIP: 032095AT8<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   1273000 | PA      | $1281864.28   | 0.29%             | 2028-06-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                | Broadcom Inc                                                                    | CUSIP: 11135FBY6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1633000 | PA      | $1679992.58   | 0.38%             | 2031-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                       | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CAY0<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    227000 | PA      | $211729.36    | 0.05%             | 2029-08-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                | UBS Group AG                                                                    | CUSIP: 902613BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1303000 | PA      | $1506803.53   | 0.34%             | N/A             | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| EASTERN ENERGY GAS                          | Eastern Energy Gas Holdings LLC                                                 | CUSIP: 27636AAA0<br>LEI: 549300BFOD6TDMVV4O24 | Long             | DBT              | CORP              | US        |    173000 | PA      | $165324.29    | 0.04%             | 2054-10-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                | NiSource Inc                                                                    | CUSIP: 65473QBF9<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    104000 | PA      | $85498.77     | 0.02%             | 2047-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                 | Equinix Inc                                                                     | CUSIP: 29444UBM7<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    471000 | PA      | $290337.38    | 0.07%             | 2051-09-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                              | Eli Lilly & Co                                                                  | CUSIP: 532457CX4<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |     99000 | PA      | $101471.56    | 0.02%             | 2035-02-12      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CAMERON LNG LLC                             | Cameron LNG LLC                                                                 | CUSIP: 133434AB6<br>LEI: 549300C39FLHGVD73K22 | Long             | DBT              | CORP              | US        |    408000 | PA      | $349780.76    | 0.08%             | 2035-01-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| TAKEDA PHARMACEUTICAL                       | Takeda Pharmaceutical Co Ltd                                                    | CUSIP: 874060AZ9<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $130977.30    | 0.03%             | 2050-07-09      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                            | Ryder System Inc                                                                | CUSIP: 78355HKW8<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    402000 | PA      | $412444.16    | 0.09%             | 2028-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-97.28       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                      | Aviation Capital Group LLC                                                      | CUSIP: 05369AAR2<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    503000 | PA      | $503480.93    | 0.11%             | 2027-04-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                          | Expand Energy Corp                                                              | CUSIP: 845467AS8<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |   1406000 | PA      | $1409942.42   | 0.32%             | 2030-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                    | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748BJ0<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    215000 | PA      | $194212.88    | 0.04%             | 2049-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS BOEING CO/THE                                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $13020.87     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                      | Aviation Capital Group LLC                                                      | CUSIP: 05369AAK7<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    157000 | PA      | $154509.86    | 0.04%             | 2026-01-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-16866.81    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                         | Gilead Sciences Inc                                                             | CUSIP: 375558BT9<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    143000 | PA      | $89894.63     | 0.02%             | 2050-10-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                    | Lloyds Banking Group PLC                                                        | CUSIP: 539439AM1<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    834000 | PA      | $833176.47    | 0.19%             | 2025-12-10      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV                     | Fidelity National Information Services Inc                                      | CUSIP: 31620MAU0<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |     59000 | PA      | $48506.28     | 0.01%             | 2046-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AEP TRANSMISSION CO LLC                     | AEP Transmission Co LLC                                                         | CUSIP: 00115AAH2<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |    155000 | PA      | $117349.43    | 0.03%             | 2047-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                | Broadcom Inc                                                                    | CUSIP: 11135FCC3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    145000 | PA      | $143658.50    | 0.03%             | 2032-02-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| DUPONT DE NEMOURS INC                       | DuPont de Nemours Inc                                                           | CUSIP: 26078JAD2<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |   3110000 | PA      | $3157211.73   | 0.72%             | 2028-11-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                | NiSource Inc                                                                    | CUSIP: 65473QBC6<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     99000 | PA      | $87381.92     | 0.02%             | 2044-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                    | RTX Corp                                                                        | CUSIP: 75513ECL3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    949000 | PA      | $586291.50    | 0.13%             | 2051-09-01      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                      | Motorola Solutions Inc                                                          | CUSIP: 620076CB3<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |   2201000 | PA      | $2237778.84   | 0.51%             | 2032-08-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BANNER HEALTH                               | Banner Health                                                                   | CUSIP: 06654DAG2<br>LEI: PLD0E0WJKFN8IZJ2WD85 | Long             | DBT              | CORP              | US        |    212000 | PA      | $148263.57    | 0.03%             | 2042-01-01      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS TOLL BROTHERS FINANCE CORP                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-1051.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SUTTER HEALTH                               | Sutter Health                                                                   | CUSIP: 86944BAE3<br>LEI: 549300MJCC12LU768G81 | Long             | DBT              | CORP              | US        |    223000 | PA      | $178042.41    | 0.04%             | 2048-08-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                      | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RCH8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    710000 | PA      | $713749.79    | 0.16%             | 2028-06-09      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                 | Oracle Corp                                                                     | CUSIP: 68389XBF1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    336000 | PA      | $267009.90    | 0.06%             | 2045-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 06051GMT3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1746000 | PA      | $1757080.34   | 0.40%             | 2029-05-09      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $71211.88     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| COMCAST CORP                                | Comcast Corp                                                                    | CUSIP: 20030NBZ3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    792000 | PA      | $613902.29    | 0.14%             | 2047-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              | CORP              | US        | -23500000 | NC      | $-71994.13    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BOEING CO                                   | Boeing Co/The                                                                   | CUSIP: 097023CQ6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2849000 | PA      | $2011949.81   | 0.46%             | 2050-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                       | Mexico Government International Bond                                            | CUSIP: 91087BBD1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   2644000 | PA      | $2736540.00   | 0.62%             | 2055-05-13      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 06051GJA8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    994000 | PA      | $789382.05    | 0.18%             | 2051-03-20      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                    | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748CB6<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    113000 | PA      | $114744.12    | 0.03%             | 2031-11-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                      | CenterPoint Energy Inc                                                          | CUSIP: 15189TBJ5<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    188000 | PA      | $194497.66    | 0.04%             | 2055-02-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                       | Foundry JV Holdco LLC                                                           | CUSIP: 350930AH6<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   2827000 | PA      | $2924851.38   | 0.67%             | 2036-01-25      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| BANCO NACIONAL DE PANAMA                    | Banco Nacional de Panama                                                        | CUSIP: 059626AC5<br>LEI: 529900H2Q7WMDKKIW109 | Long             | DBT              | CORP              | PA        |    360000 | PA      | $300240.00    | 0.07%             | 2030-08-11      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                              | Eli Lilly & Co                                                                  | CUSIP: 532457CS5<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    100000 | PA      | $93867.46     | 0.02%             | 2054-08-14      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                         | Invitation Homes Operating Partnership LP                                       | CUSIP: 46188BAC6<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    102000 | PA      | $84300.99     | 0.02%             | 2034-01-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                       | Wells Fargo & Co                                                                | CUSIP: 94974BGE4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    199000 | PA      | $170351.58    | 0.04%             | 2044-11-04      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| INTERSTATE POWER & LIGHT                    | Interstate Power and Light Co                                                   | CUSIP: 461070AV6<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |    173000 | PA      | $169573.50    | 0.04%             | 2034-09-30      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                    | Sabine Pass Liquefaction LLC                                                    | CUSIP: 785592AV8<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    297000 | PA      | $298616.29    | 0.07%             | 2026-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                    | Santander UK Group Holdings PLC                                                 | CUSIP: 80281LAV7<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    272000 | PA      | $280547.56    | 0.06%             | 2031-04-15      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                          | Realty Income Corp                                                              | CUSIP: 756109BP8<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |     83000 | PA      | $86844.76     | 0.02%             | 2032-10-13      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                           | General Motors Co                                                               | CUSIP: 37045VAY6<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    119000 | PA      | $121495.72    | 0.03%             | 2029-10-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS AT&T INC                                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $12382.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PFN7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    470000 | PA      | $472328.04    | 0.11%             | 2028-06-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 06051GGR4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    452000 | PA      | $445061.67    | 0.10%             | 2028-07-21      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                        | Enel Finance International NV                                                   | CUSIP: 29278GAW8<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    701000 | PA      | $703578.50    | 0.16%             | 2027-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PCA8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    318000 | PA      | $257496.82    | 0.06%             | 2042-10-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                | Barclays PLC                                                                    | CUSIP: 06738EDC6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    370000 | PA      | $371588.41    | 0.08%             | N/A             | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                          | Banco Santander SA                                                              | CUSIP: 05971KAQ2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $466488.80    | 0.11%             | N/A             | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308KT3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    142000 | PA      | $128743.68    | 0.03%             | 2054-10-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                | UBS Group AG                                                                    | CUSIP: 225401BH0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    505000 | PA      | $502364.61    | 0.11%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                 | BNP Paribas SA                                                                  | CUSIP: 09659W3C6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1726000 | PA      | $1734813.47   | 0.40%             | 2029-05-09      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3025000 | PA      | $2008316.41   | 0.46%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD                    | Cheniere Corpus Christi Holdings LLC                                            | CUSIP: 16412XAJ4<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |    593000 | PA      | $572067.41    | 0.13%             | 2029-11-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                      | Philip Morris International Inc                                                 | CUSIP: 718172DU0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    452000 | PA      | $445927.71    | 0.10%             | 2035-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                    | Vistra Operations Co LLC                                                        | CUSIP: 92840VAS1<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    411000 | PA      | $426807.06    | 0.10%             | 2034-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                    | EQT Corp                                                                        | CUSIP: 26884LBG3<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    294000 | PA      | $299349.02    | 0.07%             | 2027-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                    | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    387000 | PA      | $391382.54    | 0.09%             | 2027-01-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                       | Uber Technologies Inc                                                           | CUSIP: 90353TAQ3<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    701000 | PA      | $653863.92    | 0.15%             | 2054-09-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                             | DTE Electric Co                                                                 | CUSIP: 23338VAF3<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    112000 | PA      | $85241.58     | 0.02%             | 2046-06-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                | Barclays PLC                                                                    | CUSIP: 06738ECT0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1335000 | PA      | $1345304.28   | 0.31%             | 2028-09-10      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                             | DTE Electric Co                                                                 | CUSIP: 23338VAZ9<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |     85000 | PA      | $87023.44     | 0.02%             | 2055-05-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS TECK RESOURCES LTD                                                          | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $132623.38    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                    | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CK8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     64000 | PA      | $54373.90     | 0.01%             | 2053-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP                              | Solventum Corp                                                                  | CUSIP: 83444MAS0<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |   1651000 | PA      | $1650455.25   | 0.38%             | 2054-04-30      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| AS MILEAGE PLAN IP LTD                      | AS Mileage Plan IP Ltd                                                          | CUSIP: 00218QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     98000 | PA      | $96976.11     | 0.02%             | 2029-10-20      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| ENEL AMERICAS SA                            | Enel Americas SA                                                                | CUSIP: 29274FAF1<br>LEI: 549300LKH11TFCJLZK20 | Long             | DBT              | CORP              | CL        |    232000 | PA      | $229680.00    | 0.05%             | 2026-10-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                     | Honeywell International Inc                                                     | CUSIP: 438516CR5<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    727000 | PA      | $746572.08    | 0.17%             | 2031-09-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                    | EQT Corp                                                                        | CUSIP: 26884LAR0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   2061000 | PA      | $2131006.87   | 0.49%             | 2034-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                      | Aviation Capital Group LLC                                                      | CUSIP: 05369AAL5<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    567000 | PA      | $548778.41    | 0.13%             | 2026-09-20      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                    | Florida Power & Light Co                                                        | CUSIP: 341081FR3<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    106000 | PA      | $86105.28     | 0.02%             | 2048-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308KV8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    257000 | PA      | $239785.79    | 0.05%             | 2055-03-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                          | Meta Platforms Inc                                                              | CUSIP: 30303M8K1<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   2005000 | PA      | $1690112.38   | 0.39%             | 2062-08-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS PULTE GROUP INC                                                             | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-29488.06    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                             | CVS Health Corp                                                                 | CUSIP: 126650CU2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     89000 | PA      | $87642.87     | 0.02%             | 2026-06-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                        | Glencore Funding LLC                                                            | CUSIP: 378272BL1<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    803000 | PA      | $830207.97    | 0.19%             | 2033-05-08      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                         | Elevance Health Inc                                                             | CUSIP: 036752AS2<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    193000 | PA      | $135829.13    | 0.03%             | 2051-03-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                        | Enel Finance International NV                                                   | CUSIP: 29278GAZ1<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    550000 | PA      | $553233.43    | 0.13%             | 2025-10-14      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                               | Amphenol Corp                                                                   | CUSIP: 032095AH4<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    817000 | PA      | $820504.92    | 0.19%             | 2029-06-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                            | Peruvian Government International Bond                                          | CUSIP: 715638DW9<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    140000 | PA      | $86223.20     | 0.02%             | 2072-01-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $15750.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS FORD MOTOR CO                                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $15542.17     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                      | General Motors Financial Co Inc                                                 | CUSIP: 37045XDK9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    962000 | PA      | $933871.03    | 0.21%             | 2026-06-10      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                | AES Corp/The                                                                    | CUSIP: 00130HCH6<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    433000 | PA      | $442478.45    | 0.10%             | 2028-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308KK2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    131000 | PA      | $131355.03    | 0.03%             | 2053-04-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| AEP TRANSMISSION CO LLC                     | AEP Transmission Co LLC                                                         | CUSIP: 00115AAR0<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |    141000 | PA      | $142610.30    | 0.03%             | 2034-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                                  | VMware LLC                                                                      | CUSIP: 928563AL9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |   1685000 | PA      | $1462475.60   | 0.33%             | 2031-08-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                            | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBW8<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    681000 | PA      | $628957.14    | 0.14%             | 2054-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| INTERSTATE POWER & LIGHT                    | Interstate Power and Light Co                                                   | CUSIP: 461070AX2<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |    136000 | PA      | $139790.32    | 0.03%             | 2035-06-29      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                            | T-Mobile USA Inc                                                                | CUSIP: 87264ADU6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     98000 | PA      | $97959.52     | 0.02%             | 2055-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                           | L3Harris Technologies Inc                                                       | CUSIP: 502431AT6<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |     90000 | PA      | $92831.34     | 0.02%             | 2031-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS FORD MOTOR CO                                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $36306.51     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                      | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BW4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    290000 | PA      | $301308.83    | 0.07%             | 2035-01-22      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| PECO ENERGY CO                              | PECO Energy Co                                                                  | CUSIP: 693304AH0<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |     80000 | PA      | $85237.31     | 0.02%             | 2036-10-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                          | Ally Financial Inc                                                              | CUSIP: 370425RZ5<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1315000 | PA      | $1486258.71   | 0.34%             | 2031-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 91282CGQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $504863.28    | 0.12%             | 2030-02-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PRES & FELLOWS OF HARVAR                    | President and Fellows of Harvard College                                        | CUSIP: 740816AT0<br>LEI: 6S3X7J22E861RNTJSA74 | Long             | DBT              | CORP              | US        |    585000 | PA      | $606124.29    | 0.14%             | 2036-03-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                    | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BS2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     86000 | PA      | $71505.80     | 0.02%             | 2049-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PDT6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    123000 | PA      | $99262.23     | 0.02%             | 2039-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS LENNAR CORPORATION                                                          | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-28772.95    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                    | Duke Energy Progress LLC                                                        | CUSIP: 26442UAH7<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   1339000 | PA      | $1302634.66   | 0.30%             | 2029-03-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| AETNA INC                                   | Aetna Inc                                                                       | CUSIP: 00817YAZ1<br>LEI: 549300QKBENKLBXQ8968 | Long             | DBT              | CORP              | US        |    354000 | PA      | $257680.11    | 0.06%             | 2047-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                    | International Business Machines Corp                                            | CUSIP: 459200KL4<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    135000 | PA      | $85975.24     | 0.02%             | 2050-05-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                      | Extra Space Storage LP                                                          | CUSIP: 30225VAU1<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   2483000 | PA      | $2496411.60   | 0.57%             | 2035-06-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                              | Air Lease Corp                                                                  | CUSIP: 00914AAJ1<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    596000 | PA      | $589926.68    | 0.13%             | 2026-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                           | Eversource Energy                                                               | CUSIP: 30040WAH1<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    174000 | PA      | $121702.48    | 0.03%             | 2050-01-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                    | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBA0<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   2191000 | PA      | $2039187.17   | 0.47%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                            | Societe Generale SA                                                             | CUSIP: 83368RCH3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1702000 | PA      | $1722780.94   | 0.39%             | 2029-05-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS FREEPORT-MCMORAN INC                                                        | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $3481.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP                       | Bank of Ireland Group PLC                                                       | CUSIP: 06279JAC3<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |   1130000 | PA      | $1133624.03   | 0.26%             | 2026-09-16      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                          | Expand Energy Corp                                                              | CUSIP: 165167DG9<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |   4576000 | PA      | $4594400.10   | 1.05%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $1136.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LIMITED                       | Vale Overseas Ltd                                                               | CUSIP: 91911TAS2<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |    563000 | PA      | $550338.13    | 0.13%             | 2054-06-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| HESS CORP                                   | Hess Corp                                                                       | CUSIP: 023551AJ3<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    900000 | PA      | $1020738.35   | 0.23%             | 2031-08-15      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION                    | FirstEnergy Transmission LLC                                                    | CUSIP: 33767BAH2<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |    638000 | PA      | $631133.64    | 0.14%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK OP LLC                           | Healthpeak OP LLC                                                               | CUSIP: 42250PAE3<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              | CORP              | US        |    126000 | PA      | $128224.64    | 0.03%             | 2032-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AON GLOBAL LTD                              | Aon Global Ltd                                                                  | CUSIP: 00185AAH7<br>LEI: VVT2B79I2Z4U3R6BY589 | Long             | DBT              | CORP              | GB        |    129000 | PA      | $112664.79    | 0.03%             | 2045-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                    | Cheniere Energy Partners LP                                                     | CUSIP: 16411QAK7<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    399000 | PA      | $379681.12    | 0.09%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                    | Capital One Financial Corp                                                      | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    390000 | PA      | $397038.35    | 0.09%             | 2036-01-30      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                    | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3448000 | PA      | $2417688.50   | 0.55%             | 2061-12-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 06051GGL7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    598000 | PA      | $590899.49    | 0.13%             | 2028-04-24      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                         | Southern California Edison Co                                                   | CUSIP: 842400GT4<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    167000 | PA      | $110377.54    | 0.03%             | 2050-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                         | JPMorgan Chase & Co                                                             | CUSIP: 46647PAA4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    420000 | PA      | $353867.67    | 0.08%             | 2048-02-22      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                             | CVS Health Corp                                                                 | CUSIP: 126650DP2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    128000 | PA      | $88260.03     | 0.02%             | 2040-08-21      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                | UBS Group AG                                                                    | CUSIP: 902613BQ0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    515000 | PA      | $526647.39    | 0.12%             | 2036-05-09      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-12048.36    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                            | Ryder System Inc                                                                | CUSIP: 78355HKU2<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    246000 | PA      | $246166.44    | 0.06%             | 2027-06-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                 | Oracle Corp                                                                     | CUSIP: 68389XBW4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    633000 | PA      | $506638.67    | 0.12%             | 2040-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                    | Intercontinental Exchange Inc                                                   | CUSIP: 45866FBA1<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    448000 | PA      | $464050.94    | 0.11%             | 2031-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COPPER CORP                        | Southern Copper Corp                                                            | CUSIP: 84265VAG0<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $185500.00    | 0.04%             | 2042-11-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MARS INC                                    | Mars Inc                                                                        | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    928000 | PA      | $925734.55    | 0.21%             | 2055-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                         | Invitation Homes Operating Partnership LP                                       | CUSIP: 46188BAF9<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    149000 | PA      | $151311.66    | 0.03%             | 2033-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                  | Humana Inc                                                                      | CUSIP: 444859BL5<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    118000 | PA      | $85057.17     | 0.02%             | 2049-08-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                    | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 035240AP5<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    100000 | PA      | $87690.34     | 0.02%             | 2058-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS FORD MOTOR CO                                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $17282.89     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AT&T INC                                    | AT&T Inc                                                                        | CUSIP: 00206RLV2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    334000 | PA      | $224081.98    | 0.05%             | 2059-09-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                       | Wells Fargo & Co                                                                | CUSIP: 949746RF0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    181000 | PA      | $175432.10    | 0.04%             | 2044-01-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                | NiSource Inc                                                                    | CUSIP: 65473QBB8<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     94000 | PA      | $87681.70     | 0.02%             | 2043-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                    | Ford Motor Credit Co LLC                                                        | CUSIP: 345397G56<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2988000 | PA      | $2983866.49   | 0.68%             | 2035-02-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                  | Pfizer Inc                                                                      | CUSIP: 717081EJ8<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    320000 | PA      | $286897.46    | 0.07%             | 2038-09-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                         | Elevance Health Inc                                                             | CUSIP: 036752AX1<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    104000 | PA      | $105983.14    | 0.02%             | 2052-10-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                         | American Tower Corp                                                             | CUSIP: 03027XCP3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    239000 | PA      | $243123.36    | 0.06%             | 2035-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                    | Cheniere Energy Partners LP                                                     | CUSIP: 16411QAQ4<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    505000 | PA      | $527136.84    | 0.12%             | 2033-06-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                       | Blue Owl Capital Corp                                                           | CUSIP: 69121KAJ3<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |   1217000 | PA      | $1229385.35   | 0.28%             | 2030-07-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                    | Vistra Operations Co LLC                                                        | CUSIP: 92840VAU6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1055000 | PA      | $1074305.33   | 0.25%             | 2034-12-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY RES                      | CenterPoint Energy Resources Corp                                               | CUSIP: 15189YAG1<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |    108000 | PA      | $110608.56    | 0.03%             | 2028-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $13922.29     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                            | T-Mobile USA Inc                                                                | CUSIP: 87264ABN4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    158000 | PA      | $104870.02    | 0.02%             | 2051-02-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                          | Athene Holding Ltd                                                              | CUSIP: 04686JAL5<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |    614000 | PA      | $632651.27    | 0.14%             | 2055-05-19      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GLENCORE CANADA CORP                        | Glencore Canada Corp                                                            | CUSIP: 655422AV5<br>LEI: 549300ED6C93BGYAS129 | Long             | DBT              | CORP              | CA        |    148000 | PA      | $153272.62    | 0.03%             | 2035-06-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                            | Welltower OP LLC                                                                | CUSIP: 95041AAF5<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |   1410000 | PA      | $1416673.83   | 0.32%             | 2030-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                     | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc                     | CUSIP: 03522AAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    776000 | PA      | $711312.92    | 0.16%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                              | Mastercard Inc                                                                  | CUSIP: 57636QBA1<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    868000 | PA      | $871814.43    | 0.20%             | 2028-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ALABAMA POWER CO                            | Alabama Power Co                                                                | CUSIP: 010392FR4<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |    605000 | PA      | $460815.29    | 0.11%             | 2047-12-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                    | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 03523TBT4<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    108000 | PA      | $91840.40     | 0.02%             | 2048-10-06      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                           | Kinder Morgan Inc                                                               | CUSIP: 49456BAQ4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |     99000 | PA      | $89009.84     | 0.02%             | 2048-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                | QUALCOMM Inc                                                                    | CUSIP: 747525BW2<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |   1368000 | PA      | $1377474.86   | 0.31%             | 2035-05-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR NOTE (CBT)                                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       180 | NC      | $297916.71    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                       | Blue Owl Capital Corp                                                           | CUSIP: 69121KAH7<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    283000 | PA      | $284454.46    | 0.06%             | 2029-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                          | Meta Platforms Inc                                                              | CUSIP: 30303M8Q8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    103000 | PA      | $102998.70    | 0.02%             | 2053-05-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                    | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1825000 | PA      | $1175877.36   | 0.27%             | 2062-06-30      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                  | AbbVie Inc                                                                      | CUSIP: 00287YAW9<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    310000 | PA      | $266842.23    | 0.06%             | 2046-05-14      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                       | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CAX2<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |   1278000 | PA      | $1274890.23   | 0.29%             | 2028-11-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| SWISS RE SUB FIN PLC                        | Swiss RE Subordinated Finance PLC                                               | CUSIP: 87088QAB0<br>LEI: 636700H29EH5Z8ZU8L04 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $399847.05    | 0.09%             | 2046-04-01      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                | Broadcom Inc                                                                    | CUSIP: 11135FCB5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    818000 | PA      | $814965.95    | 0.19%             | 2030-02-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| DUPONT DE NEMOURS INC                       | DuPont de Nemours Inc                                                           | CUSIP: 26078JAF7<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |     81000 | PA      | $81569.86     | 0.02%             | 2048-11-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 06051GKJ7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    164000 | PA      | $159390.23    | 0.04%             | 2028-02-04      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| HESS CORP                                   | Hess Corp                                                                       | CUSIP: 023551AM6<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |     83000 | PA      | $93992.14     | 0.02%             | 2033-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                      | Diamondback Energy Inc                                                          | CUSIP: 25278XAW9<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88986.98     | 0.02%             | 2053-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2764000 | PA      | $2833573.89   | 0.65%             | 2031-04-23      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                    | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748CC4<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    165000 | PA      | $164947.64    | 0.04%             | 2035-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                    | Sabine Pass Liquefaction LLC                                                    | CUSIP: 785592AU0<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    101000 | PA      | $100465.11    | 0.02%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-103033.01   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                          | Ingersoll Rand Inc                                                              | CUSIP: 45687VAE6<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |    113000 | PA      | $117152.65    | 0.03%             | 2031-06-15      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                    | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CL6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    171000 | PA      | $144593.15    | 0.03%             | 2063-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                  | Pfizer Inc                                                                      | CUSIP: 717081EU3<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    740000 | PA      | $645985.12    | 0.15%             | 2039-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2050000 | PA      | $2006757.81   | 0.46%             | 2044-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                         | Elevance Health Inc                                                             | CUSIP: 036752BE2<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    662000 | PA      | $641513.36    | 0.15%             | 2055-02-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                  | Pfizer Inc                                                                      | CUSIP: 717081DE0<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    355000 | PA      | $307011.56    | 0.07%             | 2043-06-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                      | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KDJ6<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    407000 | PA      | $416471.90    | 0.10%             | 2030-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                   | Amgen Inc                                                                       | CUSIP: 031162DF4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1352000 | PA      | $1058568.71   | 0.24%             | 2052-02-22      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD CT                          | UBS AG/Stamford CT                                                              | CUSIP: 90261AAD4<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |    575000 | PA      | $579674.45    | 0.13%             | 2028-01-10      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-29641.68    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $19104.98     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-26525.73    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TER FINANCE LTD JERSEY                      | TER Finance Jersey Ltd                                                          | CUSIP: 880942AA5<br>LEI: 213800GREUULZ8RPOM16 | Long             | DBT              | CORP              | JE        |   2226000 | PA      | $2175915.00   | 0.50%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                | Broadcom Inc                                                                    | CUSIP: 11135FCA7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1615000 | PA      | $1610300.45   | 0.37%             | 2028-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                            | Paramount Global                                                                | CUSIP: 92553PBB7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    177000 | PA      | $172976.35    | 0.04%             | 2026-10-04      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                          | Ford Motor Co                                                                   | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    427000 | PA      | $360003.23    | 0.08%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                       | Wells Fargo & Co                                                                | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    667000 | PA      | $688490.36    | 0.16%             | 2036-04-23      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                          | Ingersoll Rand Inc                                                              | CUSIP: 45687VAF3<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |    423000 | PA      | $434999.62    | 0.10%             | 2034-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                              | Air Lease Corp                                                                  | CUSIP: 00914AAW2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    730000 | PA      | $734849.80    | 0.17%             | 2026-06-25      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                           | General Motors Co                                                               | CUSIP: 37045VAQ3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    233000 | PA      | $202385.22    | 0.05%             | 2048-04-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                         | Synchrony Financial                                                             | CUSIP: 87165BAP8<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    440000 | PA      | $441776.31    | 0.10%             | 2029-03-19      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| COTERRA ENERGY INC                          | Coterra Energy Inc                                                              | CUSIP: 127097AM5<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1341278.10   | 0.31%             | 2035-02-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS LENNAR CORPORATION                                                          | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-19181.97    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 06051GKW8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    506000 | PA      | $511830.31    | 0.12%             | 2028-07-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING                     | DCP Midstream Operating LP                                                      | CUSIP: 23311VAK3<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    849000 | PA      | $750262.96    | 0.17%             | 2032-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                        | BAT International Finance PLC                                                   | CUSIP: 05530QAQ3<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |    461000 | PA      | $483778.79    | 0.11%             | 2029-02-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 86765BAV1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    111000 | PA      | $98847.85     | 0.02%             | 2047-10-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | CDS VERIZON COMMUNICATIONS INC                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $7146.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                            | Ryder System Inc                                                                | CUSIP: 78355HLA5<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |     94000 | PA      | $95400.18     | 0.02%             | 2027-03-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                      | CenterPoint Energy Inc                                                          | CUSIP: 15189TBH9<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    600000 | PA      | $627972.16    | 0.14%             | 2055-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                    | Intercontinental Exchange Inc                                                   | CUSIP: 45866FAN4<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    142000 | PA      | $117870.08    | 0.03%             | 2032-09-15      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP                            | FirstEnergy Corp                                                                | CUSIP: 337932AH0<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |    674000 | PA      | $666443.17    | 0.15%             | 2027-07-15      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                         | American Tower Corp                                                             | CUSIP: 03027XBG4<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $904003.80    | 0.21%             | 2030-10-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                    | CenterPoint Energy Houston Electric LLC                                         | CUSIP: 15189XBF4<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |     89000 | PA      | $88890.78     | 0.02%             | 2035-03-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                          | Ally Financial Inc                                                              | CUSIP: 02005NBY5<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    158000 | PA      | $155329.69    | 0.04%             | 2040-01-17      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                       | Alibaba Group Holding Ltd                                                       | CUSIP: 01609WAV4<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $160608.00    | 0.04%             | 2047-12-06      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                            | Welltower OP LLC                                                                | CUSIP: 95040QAH7<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |     87000 | PA      | $86491.02     | 0.02%             | 2029-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                              | Morgan Stanley                                                                  | CUSIP: 61744YAP3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      1000 | PA      | $985.72       | 0.00%             | 2029-01-24      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                | Centene Corp                                                                    | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2394687.10   | 0.55%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                 | Prologis LP                                                                     | CUSIP: 74340XBZ3<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |    588000 | PA      | $516974.81    | 0.12%             | 2030-07-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                          | VICI Properties LP                                                              | CUSIP: 925650AH6<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    458000 | PA      | $458568.33    | 0.10%             | 2031-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $28222.61     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                     | Honeywell International Inc                                                     | CUSIP: 438516CY0<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    728000 | PA      | $738846.76    | 0.17%             | 2030-02-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                            | BAT Capital Corp                                                                | CUSIP: 05526DBV6<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   1029000 | PA      | $958761.79    | 0.22%             | 2052-03-16      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              | CORP              | US        | -38400000 | NC      | $-109915.11   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                         | CommonSpirit Health                                                             | CUSIP: 20268JAR4<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    171000 | PA      | $175461.48    | 0.04%             | 2031-12-01      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                       | Wells Fargo & Co                                                                | CUSIP: 95000U2Z5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    650000 | PA      | $553938.78    | 0.13%             | 2053-04-25      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LIMITED                       | Vale Overseas Ltd                                                               | CUSIP: 91911TAQ6<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |    346000 | PA      | $326568.64    | 0.07%             | 2030-07-08      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                            | BAT Capital Corp                                                                | CUSIP: 05526DBK0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    738000 | PA      | $608405.64    | 0.14%             | 2049-09-06      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                      | Diamondback Energy Inc                                                          | CUSIP: 25278XAT6<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    396000 | PA      | $297980.49    | 0.07%             | 2052-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                     | Honeywell International Inc                                                     | CUSIP: 438516CA2<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    406000 | PA      | $256932.16    | 0.06%             | 2050-06-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 86765BAM1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    102000 | PA      | $86994.72     | 0.02%             | 2043-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                         | JPMorgan Chase & Co                                                             | CUSIP: 46647PBN5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    243000 | PA      | $163512.81    | 0.04%             | 2051-04-22      | Fixed         | 3.11%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                     | GLP Capital LP / GLP Financing II Inc                                           | CUSIP: 361841AU3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    462000 | PA      | $450981.76    | 0.10%             | 2054-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LAM RESEARCH CORP                           | Lam Research Corp                                                               | CUSIP: 512807AW8<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |    131000 | PA      | $84633.08     | 0.02%             | 2050-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                       | Becton Dickinson & Co                                                           | CUSIP: 075887CU1<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127720.11    | 0.03%             | 2029-06-07      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-4676.62     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VENTAS REALTY LP                            | Ventas Realty LP                                                                | CUSIP: 92277GBA4<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   1102000 | PA      | $1083144.33   | 0.25%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308KH9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85522.36     | 0.02%             | 2053-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ECOLAB INC                                  | Ecolab Inc                                                                      | CUSIP: 278865BQ2<br>LEI: 82DYEISM090VG8LTLS26 | Long             | DBT              | CORP              | US        |    190000 | PA      | $191323.44    | 0.04%             | 2028-06-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                | Barclays PLC                                                                    | CUSIP: 06738EBN4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    653000 | PA      | $653248.79    | 0.15%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                                 | PNC Bank NA                                                                     | CUSIP: 69353RFY9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |    910000 | PA      | $910457.34    | 0.21%             | 2027-05-13      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                         | JPMorgan Chase & Co                                                             | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1967000 | PA      | $2038487.29   | 0.47%             | 2036-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                | AES Corp/The                                                                    | CUSIP: 00130HCE3<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    354000 | PA      | $347271.43    | 0.08%             | 2026-01-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 172967PU9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2656000 | PA      | $2727492.72   | 0.62%             | 2036-01-24      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-20415.98    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                          | Meta Platforms Inc                                                              | CUSIP: 30303M8W5<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   1009000 | PA      | $986032.39    | 0.23%             | 2064-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                        | Lockheed Martin Corp                                                            | CUSIP: 539830BB4<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    121000 | PA      | $101639.63    | 0.02%             | 2042-12-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                       | American Homes 4 Rent LP                                                        | CUSIP: 02666TAG2<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |    148000 | PA      | $150474.05    | 0.03%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-72117.24    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| PFIZER INC                                  | Pfizer Inc                                                                      | CUSIP: 717081DK6<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    246000 | PA      | $215373.59    | 0.05%             | 2044-05-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                 | Southern Co/The                                                                 | CUSIP: 842587CW5<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   1754000 | PA      | $1603830.47   | 0.37%             | 2036-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ATMOS ENERGY CORP                           | Atmos Energy Corp                                                               | CUSIP: 049560AY1<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114951.30    | 0.03%             | 2052-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PCZ3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    356000 | PA      | $288151.93    | 0.07%             | 2047-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TARGET CORP                                 | Target Corp                                                                     | CUSIP: 87612EBV7<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |    585000 | PA      | $590438.64    | 0.13%             | 2036-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PCX8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    344000 | PA      | $276361.17    | 0.06%             | 2047-01-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                            | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    715000 | PA      | $693563.15    | 0.16%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS PULTE GROUP INC                                                             | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-36103.97    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                    | Cheniere Energy Partners LP                                                     | CUSIP: 16411QAN1<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    237000 | PA      | $212455.39    | 0.05%             | 2032-01-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-84011.21    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                         | Synchrony Financial                                                             | CUSIP: 87165BAW3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   1415000 | PA      | $1427336.95   | 0.33%             | 2031-03-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                         | Global Payments Inc                                                             | CUSIP: 37940XAE2<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    304000 | PA      | $296858.63    | 0.07%             | 2026-03-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| CSX CORP                                    | CSX Corp                                                                        | CUSIP: 126408HU0<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    590000 | PA      | $572330.62    | 0.13%             | 2032-11-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                         | American Tower Corp                                                             | CUSIP: 03027XCM0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1741000 | PA      | $1777287.75   | 0.41%             | 2035-01-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                | Centene Corp                                                                    | CUSIP: 15135BAZ4<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    527000 | PA      | $451535.34    | 0.10%             | 2031-08-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| CONSUMERS ENERGY CO                         | Consumers Energy Co                                                             | CUSIP: 210518DA1<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |    234000 | PA      | $185841.05    | 0.04%             | 2047-07-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ANDIRON FINANCING LLC                       | ANDIRON FINANCING LLC                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $80000.00     | 0.02%             | 2030-01-21      | Floating      | 7.32%                 | No            |                  3 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                    | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    932000 | PA      | $597107.49    | 0.14%             | 2061-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 06051GLV9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4011000 | PA      | $4081020.35   | 0.93%             | 2027-09-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                | Barclays PLC                                                                    | CUSIP: 06738ECN3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1533000 | PA      | $1702715.36   | 0.39%             | N/A             | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                         | Southern California Edison Co                                                   | CUSIP: 842400GN7<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     87000 | PA      | $86890.94     | 0.02%             | 2025-08-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                         | Southern California Edison Co                                                   | CUSIP: 842400GY3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   1533000 | PA      | $896398.31    | 0.20%             | 2051-02-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                   | Amgen Inc                                                                       | CUSIP: 031162CF5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    837000 | PA      | $716593.63    | 0.16%             | 2051-06-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                       | Mexico Government International Bond                                            | CUSIP: 91087BBE9<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   2242000 | PA      | $2267783.00   | 0.52%             | 2032-07-02      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 91282CMF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2400000 | PA      | $2431031.26   | 0.55%             | 2028-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                            | Peruvian Government International Bond                                          | CUSIP: 715638FD9<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   1007000 | PA      | $1013042.00   | 0.23%             | 2055-06-30      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                            | Deutsche Bank AG/New York NY                                                    | CUSIP: 25160PAQ0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1251000 | PA      | $1272959.44   | 0.29%             | 2029-01-10      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                    | Ford Motor Credit Co LLC                                                        | CUSIP: 345397G31<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    525000 | PA      | $522291.84    | 0.12%             | 2031-11-05      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                         | Dominion Energy Inc                                                             | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |     83000 | PA      | $84234.46     | 0.02%             | 2055-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $628.93       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                    | Toyota Motor Credit Corp                                                        | CUSIP: 89236TMT9<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    138000 | PA      | $138306.22    | 0.03%             | 2031-10-10      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                               | State of California                                                             | CUSIP: 13063BFR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $1138273.62   | 0.26%             | 2040-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 86765BAQ2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     97000 | PA      | $87359.44     | 0.02%             | 2045-05-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GCU6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     79000 | PA      | $86301.12     | 0.02%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE              | Port Authority of New York & New Jersey                                         | CUSIP: 73358WJA3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    385000 | PA      | $320619.39    | 0.07%             | 2062-10-01      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AKTIENGESELLSCHAFT            | CDS AT&T INC                                                                    | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DCR              | CORP              | DE        |         1 | NC      | $3346.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-23656.82    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| AT&T INC                                    | AT&T Inc                                                                        | CUSIP: 00206RMZ2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    655000 | PA      | $668438.61    | 0.15%             | 2056-08-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                        | M&T Bank Corp                                                                   | CUSIP: 55261FAY0<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   1185000 | PA      | $1204629.87   | 0.27%             | 2031-07-08      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                      | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KDG2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    192000 | PA      | $194641.33    | 0.04%             | 2028-02-04      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| DOC DR LLC                                  | DOC DR LLC                                                                      | CUSIP: 71951QAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    349000 | PA      | $307904.95    | 0.07%             | 2031-11-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $8831.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                    | Florida Power & Light Co                                                        | CUSIP: 341081GV3<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |     86000 | PA      | $85606.70     | 0.02%             | 2054-06-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                        | Glencore Funding LLC                                                            | CUSIP: 378272CA4<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    424000 | PA      | $432547.64    | 0.10%             | 2035-04-01      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $46978.71     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                            | Peruvian Government International Bond                                          | CUSIP: 715638DQ2<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    787000 | PA      | $422619.00    | 0.10%             | 2060-12-01      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                | NiSource Inc                                                                    | CUSIP: 65473QBD4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    177000 | PA      | $172614.39    | 0.04%             | 2045-02-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                           | Ares Capital Corp                                                               | CUSIP: 04010LBG7<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    292000 | PA      | $298766.84    | 0.07%             | 2029-07-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 292480AJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    289000 | PA      | $249028.34    | 0.06%             | 2044-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US ULTRA BOND CBT                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -23 | NC      | $-29728.69    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                            | T-Mobile USA Inc                                                                | CUSIP: 87264AAZ8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    132000 | PA      | $109144.57    | 0.02%             | 2050-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308HN0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    620000 | PA      | $461232.99    | 0.11%             | 2046-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 29273VBF6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    501000 | PA      | $493232.15    | 0.11%             | 2055-04-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK                    | Huntington National Bank/The                                                    | CUSIP: 44644MAK7<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1086758.62   | 0.25%             | 2028-04-12      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                 | Citibank NA                                                                     | CUSIP: 17325FBN7<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   2533000 | PA      | $2546911.62   | 0.58%             | 2027-05-29      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS FREEPORT-MCMORAN INC                                                        | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $2320.96      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $15491.14     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KEY BANK NA                                 | KeyBank NA/Cleveland OH                                                         | CUSIP: 49327V2C7<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    453000 | PA      | $437130.61    | 0.10%             | 2032-08-08      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $61445.55     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS FORD MOTOR CO                                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $15542.17     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SYSTEM ENERGY RESOURCES                     | System Energy Resources Inc                                                     | CUSIP: 871911AV5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    290000 | PA      | $286600.56    | 0.07%             | 2034-12-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                          | Ford Motor Co                                                                   | CUSIP: 345370CS7<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    111000 | PA      | $89620.86     | 0.02%             | 2046-12-08      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO G & E                             | San Diego Gas & Electric Co                                                     | CUSIP: 797440BV5<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |    108000 | PA      | $79927.23     | 0.02%             | 2047-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 5YR NOTE (CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       117 | NC      | $88709.39     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                         | Southern California Edison Co                                                   | CUSIP: 842400HM8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    191000 | PA      | $164389.41    | 0.04%             | 2032-02-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                       | Mexico Government International Bond                                            | CUSIP: 91087BAB6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    504000 | PA      | $364392.00    | 0.08%             | 2047-01-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| EMBRAER NETHERLANDS FINA                    | Embraer Netherlands Finance BV                                                  | CUSIP: 29082HAE2<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |     34000 | PA      | $34919.70     | 0.01%             | 2035-02-11      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                      | Commonwealth Bank of Australia                                                  | CUSIP: 202712BX2<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |    575000 | PA      | $564618.57    | 0.13%             | 2046-03-14      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                          | Ford Motor Co                                                                   | CUSIP: 345370DB3<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    216000 | PA      | $215696.64    | 0.05%             | 2032-08-19      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| HCA INC                                     | HCA Inc                                                                         | CUSIP: 404119DC0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2574000 | PA      | $2592332.95   | 0.59%             | 2055-03-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| GEORGIA-PACIFIC LLC                         | Georgia-Pacific LLC                                                             | CUSIP: 37331NAR2<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |    950000 | PA      | $954766.67    | 0.22%             | 2028-06-30      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 912810SF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1750000 | PA      | $1289394.54   | 0.29%             | 2049-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                     | Pfizer Investment Enterprises Pte Ltd                                           | CUSIP: 716973AG7<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    175000 | PA      | $165201.62    | 0.04%             | 2053-05-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| FORD HOLDINGS LLC                           | Ford Holdings LLC                                                               | CUSIP: 345277AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $397658.04    | 0.09%             | 2030-03-01      | Fixed         | 9.30%                 | No            |                  2 | On Loan: No      |
| BALTIMORE GAS & ELECTRIC                    | Baltimore Gas and Electric Co                                                   | CUSIP: 059165EL0<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |    358000 | PA      | $242738.91    | 0.06%             | 2049-09-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                    | Florida Power & Light Co                                                        | CUSIP: 341081FE2<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    112000 | PA      | $107166.21    | 0.02%             | 2041-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 912810RY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1135000 | PA      | $808953.52    | 0.18%             | 2047-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                            | T-Mobile USA Inc                                                                | CUSIP: 87264ADG7<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    108000 | PA      | $102387.28    | 0.02%             | 2055-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                      | Motorola Solutions Inc                                                          | CUSIP: 620076BW8<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |     88000 | PA      | $91671.03     | 0.02%             | 2032-06-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| SUTTER HEALTH                               | Sutter Health                                                                   | CUSIP: 86944BAG8<br>LEI: 549300MJCC12LU768G81 | Long             | DBT              | CORP              | US        |    398000 | PA      | $359445.90    | 0.08%             | 2030-08-15      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                         | CommonSpirit Health                                                             | CUSIP: 20268JAF0<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    258000 | PA      | $236184.58    | 0.05%             | 2030-10-01      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| TRUSTEES PRINCETON UNIV                     | Trustees of Princeton University/The                                            | CUSIP: 89837LAJ4<br>LEI: 549300PJZYINN64GDJ90 | Long             | DBT              | CORP              | US        |    435000 | PA      | $445195.69    | 0.10%             | 2030-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MIDAMERICAN ENERGY CO                       | MidAmerican Energy Co                                                           | CUSIP: 595620AV7<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    296000 | PA      | $199696.06    | 0.05%             | 2050-04-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                               | AppLovin Corp                                                                   | CUSIP: 03831WAD0<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    665000 | PA      | $675171.55    | 0.15%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 912810UB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    330000 | PA      | $323619.14    | 0.07%             | 2044-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                | UBS Group AG                                                                    | CUSIP: 902613AY4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    618000 | PA      | $555156.82    | 0.13%             | 2045-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                          | Ally Financial Inc                                                              | CUSIP: 02005NBF6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    959000 | PA      | $961180.09    | 0.22%             | 2025-11-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                  | Pfizer Inc                                                                      | CUSIP: 717081EZ2<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    122000 | PA      | $87558.44     | 0.02%             | 2040-05-28      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                      | Motorola Solutions Inc                                                          | CUSIP: 620076BT5<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    388000 | PA      | $344425.64    | 0.08%             | 2030-11-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                       | Northrop Grumman Corp                                                           | CUSIP: 666807BP6<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    152000 | PA      | $121195.88    | 0.03%             | 2047-10-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| BALTIMORE GAS & ELECTRIC                    | Baltimore Gas and Electric Co                                                   | CUSIP: 059165EM8<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |    182000 | PA      | $113800.27    | 0.03%             | 2050-06-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| KLA CORP                                    | KLA Corp                                                                        | CUSIP: 482480AJ9<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |    919000 | PA      | $636696.30    | 0.15%             | 2050-03-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| HESS CORP                                   | Hess Corp                                                                       | CUSIP: 42809HAC1<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    422000 | PA      | $444130.28    | 0.10%             | 2040-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                         | Invitation Homes Operating Partnership LP                                       | CUSIP: 46188BAG7<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    331000 | PA      | $320656.49    | 0.07%             | 2035-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AON GLOBAL LTD                              | Aon Global Ltd                                                                  | CUSIP: 00185AAG9<br>LEI: VVT2B79I2Z4U3R6BY589 | Long             | DBT              | CORP              | GB        |     98000 | PA      | $85026.62     | 0.02%             | 2044-06-14      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                      | Diamondback Energy Inc                                                          | CUSIP: 25278XAQ2<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    112000 | PA      | $86421.25     | 0.02%             | 2051-03-24      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                       | Becton Dickinson & Co                                                           | CUSIP: 075887CQ0<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    702000 | PA      | $708859.79    | 0.16%             | 2028-02-13      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                   | Boeing Co/The                                                                   | CUSIP: 097023CX1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     92000 | PA      | $87451.70     | 0.02%             | 2060-05-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| PECO ENERGY CO                              | PECO Energy Co                                                                  | CUSIP: 693304BE6<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |    311000 | PA      | $257181.75    | 0.06%             | 2052-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                         | Southern California Edison Co                                                   | CUSIP: 842400HF3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    207000 | PA      | $136848.59    | 0.03%             | 2051-06-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    703000 | PA      | $708176.89    | 0.16%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                    | RTX Corp                                                                        | CUSIP: 913017CA5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    246000 | PA      | $201460.36    | 0.05%             | 2045-05-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                    | Toyota Motor Credit Corp                                                        | CUSIP: 89236TMF9<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   1106000 | PA      | $1135344.72   | 0.26%             | 2029-05-16      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                       | Northrop Grumman Corp                                                           | CUSIP: 666807BW1<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |     81000 | PA      | $82789.65     | 0.02%             | 2026-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                    | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BV5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1581000 | PA      | $1053120.45   | 0.24%             | 2051-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PFQ0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    245000 | PA      | $249709.67    | 0.06%             | 2035-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION EN GEN LLC                    | Constellation Energy Generation LLC                                             | CUSIP: 210385AF7<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    147000 | PA      | $144005.21    | 0.03%             | 2054-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                          | Ally Financial Inc                                                              | CUSIP: 02005NBZ2<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1674000 | PA      | $1703802.26   | 0.39%             | 2029-05-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| FNB CORP                                    | FNB Corp/PA                                                                     | CUSIP: 302520AD3<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | DBT              | CORP              | US        |    912000 | PA      | $917164.79    | 0.21%             | 2030-12-11      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-9894.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 29278NAE3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     90000 | PA      | $86423.41     | 0.02%             | 2048-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                          | Realty Income Corp                                                              | CUSIP: 756109BL7<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    101000 | PA      | $88394.59     | 0.02%             | 2032-12-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                            | BAT Capital Corp                                                                | CUSIP: 05526DBF1<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   1231000 | PA      | $994428.96    | 0.23%             | 2047-08-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                    | Aptiv Swiss Holdings Ltd                                                        | CUSIP: 03835VAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    269000 | PA      | $265108.08    | 0.06%             | 2029-03-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                         | Elevance Health Inc                                                             | CUSIP: 036752BA0<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    152000 | PA      | $146058.73    | 0.03%             | 2054-06-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | CDS CDX.NA.IG.43.V1                                                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-176227.50   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                         | American Tower Corp                                                             | CUSIP: 03027XCF5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |     99000 | PA      | $104445.40    | 0.02%             | 2033-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PDY5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    123000 | PA      | $89237.48     | 0.02%             | 2040-05-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                         | CommonSpirit Health                                                             | CUSIP: 20268JAD5<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    182000 | PA      | $132614.87    | 0.03%             | 2049-10-01      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PBN1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    167000 | PA      | $170548.75    | 0.04%             | 2040-10-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                        | Glencore Funding LLC                                                            | CUSIP: 378272CB2<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |      2000 | PA      | $2021.71      | 0.00%             | 2055-04-01      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                | Synopsys Inc                                                                    | CUSIP: 871607AG2<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    464000 | PA      | $461335.88    | 0.11%             | 2055-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS AT&T INC                                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $2627.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                     | Public Service Electric and Gas Co                                              | CUSIP: 74456QCA2<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    199000 | PA      | $138079.50    | 0.03%             | 2049-08-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                    | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748BC5<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    101000 | PA      | $85486.75     | 0.02%             | 2047-01-30      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                     | Kinder Morgan Energy Partners LP                                                | CUSIP: 494550BN5<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |     98000 | PA      | $87531.49     | 0.02%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                | Comcast Corp                                                                    | CUSIP: 20030NBQ3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    621000 | PA      | $535513.83    | 0.12%             | 2045-08-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO                            | Georgia Power Co                                                                | CUSIP: 373334KQ3<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    514000 | PA      | $513900.11    | 0.12%             | 2032-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| STEEL DYNAMICS INC                          | Steel Dynamics Inc                                                              | CUSIP: 858119BP4<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |    647000 | PA      | $426535.21    | 0.10%             | 2050-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                       | Becton Dickinson & Co                                                           | CUSIP: 075887CJ6<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    998000 | PA      | $923867.02    | 0.21%             | 2030-05-20      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                           | Kinder Morgan Inc                                                               | CUSIP: 49456BAT8<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    393000 | PA      | $270700.10    | 0.06%             | 2051-02-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                         | American Express Co                                                             | CUSIP: 025816EH8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    264000 | PA      | $273379.65    | 0.06%             | 2036-04-25      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| HCA INC                                     | HCA Inc                                                                         | CUSIP: 404119CR8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    155000 | PA      | $149660.79    | 0.03%             | 2053-06-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                    | Saudi Government International Bond                                             | CUSIP: 80413TBJ7<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    925000 | PA      | $939800.00    | 0.21%             | 2028-01-13      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                      | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BZ7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    337000 | PA      | $343161.72    | 0.08%             | 2035-07-23      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $10860.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COMCAST CORP                                | Comcast Corp                                                                    | CUSIP: 20030NDP3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    460000 | PA      | $250790.56    | 0.06%             | 2052-08-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP                            | FirstEnergy Corp                                                                | CUSIP: 337932AM9<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |   1329000 | PA      | $900703.02    | 0.21%             | 2050-03-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                      | Motorola Solutions Inc                                                          | CUSIP: 620076BZ1<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |   1207000 | PA      | $1230963.03   | 0.28%             | 2034-04-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                         | JPMorgan Chase & Co                                                             | CUSIP: 46647PBT2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1294000 | PA      | $1276529.69   | 0.29%             | 2026-11-19      | Fixed         | 1.04%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AKTIENGESELLSCHAFT            | CDS LENNAR CORPORATION                                                          | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DCR              | CORP              | DE        |         1 | NC      | $-16046.46    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AEGON FUNDING CO LLC                        | AEGON Funding Co LLC                                                            | CUSIP: 00775VAA2<br>LEI: KEIOKM01PSK5VZ5CCI74 | Long             | DBT              | CORP              | US        |   1807000 | PA      | $1828949.56   | 0.42%             | 2027-04-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                            | Berry Global Inc                                                                | CUSIP: 08576BAB8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1961000 | PA      | $2060643.37   | 0.47%             | 2031-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                        | Freeport-McMoRan Inc                                                            | CUSIP: 35671DBJ3<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1188296.46   | 0.27%             | 2034-11-14      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK NA                         | Fifth Third Bank NA                                                             | CUSIP: 31677QBU2<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |    625000 | PA      | $629576.10    | 0.14%             | 2028-01-28      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                       | Mexico Government International Bond                                            | CUSIP: 91087BAX8<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    405000 | PA      | $372397.50    | 0.09%             | 2053-05-04      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Dreyfus Treasury Securities Cash Management | Dreyfus Treasury Securities Cash Management                                     | CUSIP: 261941108<br>LEI: 549300U78VESCW509025 | Long             | STIV             | RF                | US        |  17760090 | NS      | $17760090.13  | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 912810RM2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    250000 | PA      | $191494.14    | 0.04%             | 2045-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308JN8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    177000 | PA      | $142663.39    | 0.03%             | 2050-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                      | CenterPoint Energy Inc                                                          | CUSIP: 15189TBP1<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    113000 | PA      | $114039.46    | 0.03%             | 2055-05-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                   | Boeing Co/The                                                                   | CUSIP: 097023BS3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    274000 | PA      | $187526.58    | 0.04%             | 2046-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 86765BAP4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    495000 | PA      | $443379.56    | 0.10%             | 2044-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                           | HSBC Holdings PLC                                                               | CUSIP: 404280EN5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    922000 | PA      | $941889.02    | 0.22%             | 2030-11-19      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                          | Macquarie Bank Ltd                                                              | CUSIP: 55608PBX1<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |   1272000 | PA      | $1278541.30   | 0.29%             | 2028-06-12      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| YALE UNIVERSITY                             | Yale University                                                                 | CUSIP: 98459LAD5<br>LEI: 9SFB6DIM0FRWV0EV8S84 | Long             | DBT              | CORP              | US        |    310000 | PA      | $314384.63    | 0.07%             | 2032-04-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AKTIENGESELLSCHAFT            | CDS FORD MOTOR CO                                                               | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DCR              | CORP              | DE        |         1 | NC      | $14620.34     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AS MILEAGE PLAN IP LTD                      | AS Mileage Plan IP Ltd                                                          | CUSIP: 00218QAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1388000 | PA      | $1365521.27   | 0.31%             | 2031-10-20      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| SIEMENS FUNDING BV                          | Siemens Funding BV                                                              | CUSIP: 82622RAF3<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $205943.20    | 0.05%             | 2055-05-28      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CAMERON LNG LLC                             | Cameron LNG LLC                                                                 | CUSIP: 133434AC4<br>LEI: 549300C39FLHGVD73K22 | Long             | DBT              | CORP              | US        |    161000 | PA      | $137177.07    | 0.03%             | 2038-01-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                     | John Deere Capital Corp                                                         | CUSIP: 24422EXV6<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    515000 | PA      | $516235.77    | 0.12%             | 2027-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                            | BAT Capital Corp                                                                | CUSIP: 054989AD0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    110000 | PA      | $122523.63    | 0.03%             | 2053-08-02      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 29273VAW0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    187000 | PA      | $177892.61    | 0.04%             | 2054-05-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| OTIS WORLDWIDE CORP                         | Otis Worldwide Corp                                                             | CUSIP: 68902VAP2<br>LEI: 549300ZLBKR8VSU25153 | Long             | DBT              | CORP              | US        |    282000 | PA      | $290294.93    | 0.07%             | 2028-08-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                      | Diamondback Energy Inc                                                          | CUSIP: 25278XBB4<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    289000 | PA      | $267478.33    | 0.06%             | 2064-04-18      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                  | Humana Inc                                                                      | CUSIP: 444859BG6<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    139000 | PA      | $115037.43    | 0.03%             | 2047-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                            | T-Mobile USA Inc                                                                | CUSIP: 87264AAX3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    620000 | PA      | $549374.62    | 0.13%             | 2040-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                    | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBF9<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    181000 | PA      | $124871.90    | 0.03%             | 2062-03-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308HY6<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    406000 | PA      | $286431.90    | 0.07%             | 2047-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2024-1 A PTT                     | United Airlines 2024-1 Class A Pass Through Trust                               | CUSIP: 90932WAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1271835 | PA      | $1265914.94   | 0.29%             | 2037-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                | NiSource Inc                                                                    | CUSIP: 65473PAU9<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     89000 | PA      | $88066.12     | 0.02%             | 2055-04-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| PIONEER NATURAL RESOURCE                    | Pioneer Natural Resources Co                                                    | CUSIP: 723787AQ0<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |    239000 | PA      | $211846.66    | 0.05%             | 2030-08-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                       | Rio Tinto Finance USA PLC                                                       | CUSIP: 76720AAU0<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    340000 | PA      | $345944.88    | 0.08%             | 2035-03-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                         | American Tower Corp                                                             | CUSIP: 03027XBA7<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1177000 | PA      | $1096754.41   | 0.25%             | 2030-01-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                         | Global Payments Inc                                                             | CUSIP: 37940XAD4<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     93000 | PA      | $85503.30     | 0.02%             | 2030-05-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY RES                      | CenterPoint Energy Resources Corp                                               | CUSIP: 15189WAL4<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |    144000 | PA      | $142803.33    | 0.03%             | 2028-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PRES & FELLOWS OF HARVAR                    | President and Fellows of Harvard College                                        | CUSIP: 740816AL7<br>LEI: 6S3X7J22E861RNTJSA74 | Long             | DBT              | CORP              | US        |     43000 | PA      | $37745.47     | 0.01%             | 2037-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 2YR NOTE (CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -14 | NC      | $-3455.99     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                     | United Rentals North America Inc                                                | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    759000 | PA      | $777352.62    | 0.18%             | 2029-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                    | Santander UK Group Holdings PLC                                                 | CUSIP: 80281LAP0<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    761000 | PA      | $679137.75    | 0.16%             | 2032-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                              | Morgan Stanley                                                                  | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3598000 | PA      | $3683247.49   | 0.84%             | 2031-01-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                         | JPMorgan Chase & Co                                                             | CUSIP: 46647PEU6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    650000 | PA      | $658728.56    | 0.15%             | 2029-01-24      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| HCA INC                                     | HCA Inc                                                                         | CUSIP: 404119DB2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    303000 | PA      | $311597.08    | 0.07%             | 2035-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                            | T-Mobile USA Inc                                                                | CUSIP: 87264ABL8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    142000 | PA      | $103909.28    | 0.02%             | 2041-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                   | Amgen Inc                                                                       | CUSIP: 031162CY4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    499000 | PA      | $295919.84    | 0.07%             | 2053-09-01      | Fixed         | 2.77%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                    | Florida Power & Light Co                                                        | CUSIP: 341081FL6<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    205000 | PA      | $169173.79    | 0.04%             | 2044-10-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                        | Targa Resources Corp                                                            | CUSIP: 87612GAN1<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |     44000 | PA      | $43043.54     | 0.01%             | 2055-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                     | Australia & New Zealand Banking Group Ltd                                       | CUSIP: 052528AV8<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   1164000 | PA      | $1182264.64   | 0.27%             | 2036-06-18      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                            | Welltower OP LLC                                                                | CUSIP: 95040QAJ3<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |   1048000 | PA      | $992464.46    | 0.23%             | 2030-01-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $5736.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ABBVIE INC                                  | AbbVie Inc                                                                      | CUSIP: 00287YAM1<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    138000 | PA      | $121337.86    | 0.03%             | 2042-11-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                         | JPMorgan Chase & Co                                                             | CUSIP: 46647PES1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3175000 | PA      | $3182069.23   | 0.73%             | 2045-11-29      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                            | Deutsche Bank AG/New York NY                                                    | CUSIP: 25160PAG2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    400000 | PA      | $360031.31    | 0.08%             | 2033-01-07      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION       | CDS DEVON ENERGY CORP                                                           | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-996.04      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                        | Targa Resources Corp                                                            | CUSIP: 87612KAC6<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    141000 | PA      | $139629.48    | 0.03%             | 2052-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SPRINT CAPITAL CORP                         | Sprint Capital Corp                                                             | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |   1954000 | PA      | $2097691.63   | 0.48%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                            | Paramount Global                                                                | CUSIP: 124857AK9<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    112000 | PA      | $86388.82     | 0.02%             | 2044-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                          | Meta Platforms Inc                                                              | CUSIP: 30303M8R6<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    104000 | PA      | $105128.97    | 0.02%             | 2063-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                       | Northrop Grumman Corp                                                           | CUSIP: 666807CM2<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    280000 | PA      | $260887.68    | 0.06%             | 2054-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| APPLIED MATERIALS INC                       | Applied Materials Inc                                                           | CUSIP: 038222AL9<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | DBT              | CORP              | US        |    226000 | PA      | $223043.92    | 0.05%             | 2027-04-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                | NiSource Inc                                                                    | CUSIP: 65473PAM7<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     97000 | PA      | $85783.11     | 0.02%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANNER HEALTH                               | Banner Health                                                                   | CUSIP: 06654DAC1<br>LEI: PLD0E0WJKFN8IZJ2WD85 | Long             | DBT              | CORP              | US        |    116000 | PA      | $75938.42     | 0.02%             | 2050-01-01      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| LAM RESEARCH CORP                           | Lam Research Corp                                                               | CUSIP: 512807AT5<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |    139000 | PA      | $126602.81    | 0.03%             | 2049-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                           | Chile Government International Bond                                             | CUSIP: 168863DU9<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    338000 | PA      | $205842.00    | 0.05%             | 2071-09-21      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC.                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: LCZ7XYGSLJUHFXXNXD88 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-26262.73    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                               | Amphenol Corp                                                                   | CUSIP: 032095AN1<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    230000 | PA      | $233559.30    | 0.05%             | 2027-04-05      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BALTIMORE GAS & ELECTRIC                    | Baltimore Gas and Electric Co                                                   | CUSIP: 059165EJ5<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |    386000 | PA      | $292401.80    | 0.07%             | 2047-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ATMOS ENERGY CORP                           | Atmos Energy Corp                                                               | CUSIP: 049560AW5<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |    173000 | PA      | $106829.30    | 0.02%             | 2052-02-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              | CORP              | US        |   7825000 | NC      | $67706.94     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 91282CMW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6615000 | PA      | $6623268.75   | 1.51%             | 2028-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                    | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748BN1<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    159000 | PA      | $142358.57    | 0.03%             | 2030-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                            | T-Mobile USA Inc                                                                | CUSIP: 87264ADN2<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    211000 | PA      | $192696.68    | 0.04%             | 2055-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KLA CORP                                    | KLA Corp                                                                        | CUSIP: 482480AH3<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |    168000 | PA      | $155042.40    | 0.04%             | 2049-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                             | CMS Energy Corp                                                                 | CUSIP: 125896BR0<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    259000 | PA      | $252837.37    | 0.06%             | 2027-02-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| MOUNT NITTANY MED CTR                       | Mount Nittany Medical Center Obligated Group                                    | CUSIP: 62213LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $103813.88    | 0.02%             | 2052-11-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                    | Rogers Communications Inc                                                       | CUSIP: 775109CH2<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   1091000 | PA      | $1013819.68   | 0.23%             | 2032-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC                         | DENTSPLY SIRONA Inc                                                             | CUSIP: 24906PAB5<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |    220000 | PA      | $221213.76    | 0.05%             | 2055-09-12      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                | Barclays PLC                                                                    | CUSIP: 06738ECY9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    264000 | PA      | $269672.45    | 0.06%             | 2031-02-25      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                                     | CUSIP: 694308KD8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1859000 | PA      | $1546724.34   | 0.35%             | 2052-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 06051GMM8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2895000 | PA      | $2976681.04   | 0.68%             | 2036-01-24      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| MIDAMERICAN ENERGY CO                       | MidAmerican Energy Co                                                           | CUSIP: 595620AY1<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    157000 | PA      | $161583.37    | 0.04%             | 2054-09-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | CDS VERIZON COMMUNICATIONS INC                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $6066.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** BlackRock Allocation Target Shares

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer