# EDGAR Filing Document

**Accession Number:** 0000353905
**File Stem:** 0002071691-25-004726
**Filing Date:** 2025-11
**Character Count:** 65235
**Document Hash:** 34d2ad6485bfe0ffb893bc7387a9db9a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-004726.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0002071691-25-004726

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NATIONWIDE VARIABLE INSURANCE TRUST
- **CENTRAL INDEX KEY:** 0000353905

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03213
- **FILM NUMBER:** 251478388

**BUSINESS ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 5-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215
- **BUSINESS PHONE:** 614-435-5749

**MAIL ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 5-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GARTMORE VARIABLE INSURANCE TRUST
- **DATE OF NAME CHANGE:** 20020125

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE SEPARATE ACCOUNT TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE SEPARATE ACCOUNT MONEY MARKET TRUST
- **DATE OF NAME CHANGE:** 19860226

## Series and Classes Contracts Data

### NVIT J.P. Morgan Inflation Managed Fund (Series ID: S000090753)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000258088 | Class I      |  |
| C000258089 | Class II     |  |

## Nport-Ex

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## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Nationwide Variable Insurance Trust

- **b. Investment Company Act file number:** 811-03213

- **c. CIK number of Registrant:** 0000353905

- **d. LEI of Registrant:** 549300WLMVM3JP578846

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

  - **Street Address 1:** One Nationwide Plaza

  - **City:** Columbus

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 43215

  - **Telephone number:** 614-435-3820

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

- **a. Name of Series:** NVIT J.P. Morgan Inflation Managed Fund

- **b. EDGAR series identifier (if any):** S000090753

- **c. LEI of Series:** 254900E6ZYXZFC35HE10

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $28059966.32

**Total Liabilities:** $1281629.19

**Net Assets:** $26778337.13

**Cash Not Reported:** $1938333.27

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 17.09620800 | **1-Year:** 739.15691900 | **5-Year:** 2732.26813700 | **10-Year:** 2026.82048100 | **30-Year:** 8.52845600

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000258089 | 0.10%                | 1.88%                | 0.19%                |
| Class ID C000258088 | 0.20%                | 1.88%                | 0.19%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $15592.58                | $-117518.89                                |
| Month 2  | $14135.15                | $226731.19                                 |
| Month 3  | $60605.94                | $-10889.30                                 |

**Designated Index Information**

- **Index Name:** Bloomberg US Treasury Inflation-Linked Bond Index

- **Index Identifier:** LEHM.MC.LEHMRT0063UUSD

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Enbridge, Inc.                                     | Enbridge, Inc.                                                              | CUSIP: 29250NBR5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $105235.75    | 0.39%             | 2033-03-08      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| KeyCorp                                            | KeyCorp                                                                     | CUSIP: 49326EEQ2<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102679.23    | 0.38%             | 2031-04-04      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                     | Broadcom, Inc.                                                              | CUSIP: 11135FAL5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125387.01    | 0.47%             | 2028-09-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| Duquesne Light Holdings, Inc.                      | Duquesne Light Holdings, Inc.                                               | CUSIP: 266233AH8<br>LEI: 4CUJ1D8WDXK9X7QI6B93 | Long             | DBT              | CORP              | US        |    100000 | PA      | $89877.59     | 0.34%             | 2030-10-01      | Fixed         | 2.53%                 | Yes           |                  2 | On Loan: No      |
| United States of America                           | U.S. Treasury Inflation Linked Notes                                        | CUSIP: 91282CNS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2484993 | PA      | $2505111.90   | 9.35%             | 2035-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Fells Point Funding Trust                          | Fells Point Funding Trust                                                   | CUSIP: 314382AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $122974.79    | 0.46%             | 2027-01-31      | Fixed         | 3.05%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                | USCPI                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    380000 | PA      | $2259.53      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                             | Truist Financial Corp.                                                      | CUSIP: 89788MAR3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    125000 | PA      | $129338.00    | 0.48%             | 2030-01-24      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                    | Goldman Sachs Group, Inc. (The)                                             | CUSIP: 38141GYB4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    200000 | PA      | $181443.85    | 0.68%             | 2032-04-22      | Variable      | 2.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                | USCPI                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   1235000 | PA      | $-991.97      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Regency Centers LP                                 | Regency Centers LP                                                          | CUSIP: 75884RAZ6<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95480.18     | 0.36%             | 2029-09-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS                                                                        | CUSIP: 31418EE55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     49348 | PA      | $46639.84     | 0.17%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp.                                  | BAT Capital Corp.                                                           | CUSIP: 05526DBR5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95560.90     | 0.36%             | 2028-03-25      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| Cleveland Electric Illuminating Co. (The)          | Cleveland Electric Illuminating Co. (The)                                   | CUSIP: 186108CK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $122764.08    | 0.46%             | 2028-04-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                | U.S. Treasury Long Bond                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         1 | NC      | $-1345.19     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                | USCPI                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   3380000 | PA      | $-3638.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS                                                                        | CUSIP: 3132DWFG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     89350 | PA      | $89134.16     | 0.33%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corp.                                     | M&T Bank Corp.                                                              | CUSIP: 55261FAY0<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5120.53      | 0.02%             | 2031-07-08      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS                                                                        | CUSIP: 3140X72X6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    117552 | PA      | $108630.08    | 0.41%             | 2050-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                            | MPLX LP                                                                     | CUSIP: 55336VBN9<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100097.39    | 0.37%             | 2027-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC                         | AerCap Ireland Capital DAC                                                  | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    175000 | PA      | $171934.84    | 0.64%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                               | American Tower Corp.                                                        | CUSIP: 03027XBR0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97576.57     | 0.36%             | 2026-09-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| AT&T, Inc.                                         | AT&T, Inc.                                                                  | CUSIP: 00206RKG6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    125000 | PA      | $118338.47    | 0.44%             | 2028-02-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                         | AMSR Trust, Series 2021-SFR3, Class E1                                      | CUSIP: 00180UAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $96856.33     | 0.36%             | 2038-10-17      | Fixed         | 2.33%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                              | FHLMC, Series 4995, Class QE                                                | CUSIP: 3137FUXT6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    371259 | PA      | $290254.91    | 1.08%             | 2050-07-25      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | FNMA                                                                        | CUSIP: 3140NY7A3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    205000 | PA      | $205093.86    | 0.77%             | 2032-08-01      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| N/A                                                | USCPI                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   1315000 | PA      | $725.17       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust      | Bridgecrest Lending Auto Securitization Trust, Series 2025-2, Class C       | CUSIP: 10807HAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     40000 | PA      | $40431.51     | 0.15%             | 2031-03-17      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| N/A                                                | USCPI                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   3725000 | PA      | $2104.46      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays plc                                       | Barclays plc                                                                | CUSIP: 06738ECY9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $206230.52    | 0.77%             | 2031-02-25      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                 | Altria Group, Inc.                                                          | CUSIP: 02209SBL6<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    100000 | PA      | $88027.03     | 0.33%             | 2032-02-04      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS                                                                        | CUSIP: 3132DNWJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    201357 | PA      | $185531.31    | 0.69%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                          | RTX Corp.                                                                   | CUSIP: 75513ECU3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104803.13    | 0.39%             | 2029-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust | GM Financial Consumer Automobile Receivables Trust, Series 2023-1, Class A4 | CUSIP: 38013JAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    142000 | PA      | $142873.16    | 0.53%             | 2028-07-17      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| GNMA                                               | GNMA                                                                        | CUSIP: 36179VTZ3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    201617 | PA      | $191900.08    | 0.72%             | 2050-09-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Stream Innovations Issuer Trust                    | Stream Innovations Issuer Trust, Series 2025-1A, Class A                    | CUSIP: 86324XAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     84353 | PA      | $85137.50     | 0.32%             | 2045-09-15      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                     | Carvana Auto Receivables Trust, Series 2025-P3, Class A3                    | CUSIP: 14688AAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     35000 | PA      | $34927.06     | 0.13%             | 2030-11-11      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                  | Credit Acceptance Auto Loan Trust, Series 2025-1A, Class C                  | CUSIP: 22536KAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102061.70    | 0.38%             | 2035-07-16      | Fixed         | 5.71%                 | Yes           |                  2 | On Loan: No      |
| Atlantic City Electric Co.                         | Atlantic City Electric Co.                                                  | CUSIP: 048303CH2<br>LEI: 549300S5TW3VP5V06B73 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124768.99    | 0.47%             | 2028-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                | USCPI                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    145000 | PA      | $740.04       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Capital America                            | Hyundai Capital America                                                     | CUSIP: 44891ABT3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94558.50     | 0.35%             | 2028-01-10      | Fixed         | 1.80%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC           | Avis Budget Rental Car Funding AESOP LLC, Series 2024-1A, Class A           | CUSIP: 05377RHY3<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $103423.85    | 0.39%             | 2030-06-20      | Fixed         | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Glencore Funding LLC                               | Glencore Funding LLC                                                        | CUSIP: 378272AY4<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91224.70     | 0.34%             | 2030-09-01      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Penske Truck Leasing Co. LP                        | Penske Truck Leasing Co. LP                                                 | CUSIP: 709599BT0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $102971.83    | 0.38%             | 2028-05-01      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                | CDI                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |   3610000 | PA      | $-1298.65     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                           | U.S. Treasury Inflation Linked Notes                                        | CUSIP: 91282CNB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1608490 | PA      | $1633123.96   | 6.10%             | 2030-04-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Duncan Hill, Inc.                                  | Duncan Hill, Inc.                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |    205000 | PA      | $203623.44    | 0.76%             | 2032-08-01      | Fixed         | 4.23%                 | No            |                  3 | On Loan: No      |
| FHLMC Pool                                         | UMBS                                                                        | CUSIP: 3133KPUC0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    145486 | PA      | $142274.11    | 0.53%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares, Inc.                        | Huntington Bancshares, Inc.                                                 | CUSIP: 446150BE3<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128833.45    | 0.48%             | 2031-01-15      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS                                                                        | CUSIP: 3140QMYV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     41519 | PA      | $35190.45     | 0.13%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing III LLC                    | Hertz Vehicle Financing III LLC, Series 2025-3A, Class A                    | CUSIP: 42806MDB2<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101491.10    | 0.38%             | 2029-12-26      | Fixed         | 5.06%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                               | GNMA                                                                        | CUSIP: 36179XBR6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    262404 | PA      | $234612.06    | 0.88%             | 2052-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Sempra                                             | Sempra                                                                      | CUSIP: 816851BP3<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122487.49    | 0.46%             | 2029-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS                                                                        | CUSIP: 31418D6E7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    125418 | PA      | $115444.23    | 0.43%             | 2051-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                | Exeter Automobile Receivables Trust, Series 2025-4A, Class C                | CUSIP: 30167KAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     60000 | PA      | $60052.63     | 0.22%             | 2031-06-16      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable Enterprises LLC                  | Time Warner Cable Enterprises LLC                                           | CUSIP: 88731EAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $146648.65    | 0.55%             | 2033-07-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner Trust                | Nissan Auto Receivables Owner Trust, Series 2025-A, Class A3                | CUSIP: 65481GAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101193.11    | 0.38%             | 2029-12-17      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                | Fifth Third Bancorp                                                         | CUSIP: 316773DA5<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97642.66     | 0.36%             | 2027-05-05      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Brown & Brown, Inc.                                | Brown & Brown, Inc.                                                         | CUSIP: 115236AL5<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5126.60      | 0.02%             | 2032-06-23      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                       | Drive Auto Receivables Trust, Series 2025-2, Class C                        | CUSIP: 262103AF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20000 | PA      | $19955.41     | 0.07%             | 2032-09-15      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust                           | Toyota Lease Owner Trust, Series 2025-B, Class A3                           | CUSIP: 89240NAD4<br>LEI: 25490023VYI9VGKU0357 | Long             | ABS-O            | CORP              | US        |     45000 | PA      | $45037.95     | 0.17%             | 2028-11-20      | Fixed         | 3.96%                 | Yes           |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust      | Bridgecrest Lending Auto Securitization Trust, Series 2025-3, Class C       | CUSIP: 107920AE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     55000 | PA      | $55165.30     | 0.21%             | 2031-05-15      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| N/A                                                | USCPI                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    165000 | PA      | $186.80       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                 | General Motors Financial Co., Inc.                                          | CUSIP: 37045XDE3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     75000 | PA      | $66446.42     | 0.25%             | 2031-01-08      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Expedia Group, Inc.                                | Expedia Group, Inc.                                                         | CUSIP: 30212PAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $95544.52     | 0.36%             | 2030-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                       | Verizon Communications, Inc.                                                | CUSIP: 92343VHA5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    108000 | PA      | $109723.69    | 0.41%             | 2037-07-02      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Southern California Edison Co.                     | Southern California Edison Co.                                              | CUSIP: 842400JG9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126508.13    | 0.47%             | 2035-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust                        | Volkswagen Auto Lease Trust, Series 2025-B, Class A3                        | CUSIP: 92868BAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     50000 | PA      | $50068.71     | 0.19%             | 2029-01-22      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)           | PNC Financial Services Group, Inc. (The)                                    | CUSIP: 693475BV6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126852.71    | 0.47%             | 2028-01-21      | Variable      | 5.30%                 | No            |                  2 | On Loan: No      |
| JBS USA Holding Lux Sarl                           | JBS USA Holding Lux Sarl                                                    | CUSIP: 472140AE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $45954.45     | 0.17%             | 2036-01-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| NNN REIT, Inc.                                     | NNN REIT, Inc.                                                              | CUSIP: 637417AU0<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50186.58     | 0.19%             | 2031-02-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Georgia Power Co.                                  | Georgia Power Co.                                                           | CUSIP: 373334LA7<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128348.15    | 0.48%             | 2031-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                  | HSBC Holdings plc                                                           | CUSIP: 404280CC1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $196972.13    | 0.74%             | 2030-05-22      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                       | Oracle Corp.                                                                | CUSIP: 68389XDK8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100120.25    | 0.37%             | 2032-09-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                | USCPI                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   3650000 | PA      | $34915.00     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                      | UMBS, 30 Year, Single Family                                                | CUSIP: 01F0506A9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    285000 | PA      | $282622.29    | 1.06%             | 2055-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS                                                                        | CUSIP: 3140QRVZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    202799 | PA      | $202435.81    | 0.76%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bunge Ltd. Finance Corp.                           | Bunge Ltd. Finance Corp.                                                    | CUSIP: 120568BR0<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50589.39     | 0.19%             | 2035-08-04      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                       | Drive Auto Receivables Trust, Series 2025-1, Class C                        | CUSIP: 262102AE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     17000 | PA      | $17166.95     | 0.06%             | 2032-09-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Global Payments, Inc.                              | Global Payments, Inc.                                                       | CUSIP: 37940XAG7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121797.26    | 0.45%             | 2027-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Southwestern Electric Power Co.                    | Southwestern Electric Power Co., Series M                                   | CUSIP: 845437BR2<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99678.62     | 0.37%             | 2028-09-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| WP Carey, Inc.                                     | WP Carey, Inc.                                                              | CUSIP: 92936UAG4<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              | CORP              | US        |    100000 | PA      | $89658.33     | 0.33%             | 2031-02-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust              | GM Financial Automobile Leasing Trust, Series 2025-3, Class A3              | CUSIP: 379965AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100374.89    | 0.37%             | 2028-08-21      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                          | HCA, Inc.                                                                   | CUSIP: 404119BX6<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123916.64    | 0.46%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                | USCPI                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    220000 | PA      | $85.21        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Santander UK Group Holdings plc                    | Santander UK Group Holdings plc                                             | CUSIP: 80281LAT2<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $209324.09    | 0.78%             | 2029-01-10      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| N/A                                                | USCPI                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    600000 | PA      | $291.67       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                | U.S. Treasury 10 Year Note                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        39 | NC      | $16773.76     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv, Inc.                                       | Fiserv, Inc.                                                                | CUSIP: 337738BK3<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103991.92    | 0.39%             | 2031-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust      | Bridgecrest Lending Auto Securitization Trust, Series 2024-3, Class A3      | CUSIP: 10805NAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     80751 | PA      | $80926.12     | 0.30%             | 2028-04-17      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| N/A                                                | U.S. Treasury 5 Year Note                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         9 | NC      | $-1746.61     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co. (The)                                   | Boeing Co. (The)                                                            | CUSIP: 097023DR3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    100000 | PA      | $108911.49    | 0.41%             | 2031-05-01      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                   | NRG Energy, Inc.                                                            | CUSIP: 629377DB5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5017.01      | 0.02%             | 2035-10-15      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| Citibank NA                                        | Citibank NA                                                                 | CUSIP: 17325FBB3<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    250000 | PA      | $262226.40    | 0.98%             | 2028-09-29      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| United States of America                           | U.S. Treasury Inflation Linked Notes                                        | CUSIP: 91282CJH5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2014477 | PA      | $2098241.27   | 7.84%             | 2028-10-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| NXP BV                                             | NXP BV                                                                      | CUSIP: 62954HBA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $89766.91     | 0.34%             | 2031-05-11      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS                                                                        | CUSIP: 3133AQUG0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    216021 | PA      | $183783.11    | 0.69%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust          | SFS Auto Receivables Securitization Trust, Series 2024-1A, Class A4         | CUSIP: 78435VAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    120000 | PA      | $121885.43    | 0.46%             | 2031-01-21      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| Societe Generale SA                                | Societe Generale SA                                                         | CUSIP: 83368RBC5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $196370.14    | 0.73%             | 2027-06-09      | Variable      | 1.79%                 | Yes           |                  2 | On Loan: No      |
| AbbVie, Inc.                                       | AbbVie, Inc.                                                                | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    125000 | PA      | $120593.73    | 0.45%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust                     | Mercedes-Benz Auto Lease Trust, Series 2025-A, Class A4                     | CUSIP: 58768YAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15000 | PA      | $15248.66     | 0.06%             | 2031-02-18      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| N/A                                                | USCPI                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    220000 | PA      | $-69.56       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                 | Honda Auto Receivables Owner Trust, Series 2025-3, Class A3                 | CUSIP: 43813QAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100208.70    | 0.37%             | 2030-02-21      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| N/A                                                | USCPI                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    175000 | PA      | $1679.64      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                | USCPI                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    540000 | PA      | $4052.94      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA                                               | FNMA                                                                        | CUSIP: 3140NYM81<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    398859 | PA      | $405260.74    | 1.51%             | 2032-06-01      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                  | Wells Fargo & Co.                                                           | CUSIP: 95000U2G7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    150000 | PA      | $142020.24    | 0.53%             | 2030-10-30      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| Carmax Auto Owner Trust                            | CarMax Auto Owner Trust, Series 2025-3, Class A3                            | CUSIP: 14290FAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30245.03     | 0.11%             | 2030-07-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                | USCPI                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    370000 | PA      | $181.62       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                       | Avolon Holdings Funding Ltd.                                                | CUSIP: 05401AAG6<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    250000 | PA      | $249831.89    | 0.93%             | 2026-05-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| FNMA or FHLMC                                      | UMBS, 30 Year, Single Family                                                | CUSIP: 01F0606A8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     75000 | PA      | $76619.08     | 0.29%             | 2055-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Marvell Technology, Inc.                           | Marvell Technology, Inc.                                                    | CUSIP: 573874AS3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     32000 | PA      | $32989.85     | 0.12%             | 2035-07-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| N/A                                                | OIS                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   1900000 | PA      | $8014.41      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                           | U.S. Treasury Inflation Linked Notes                                        | CUSIP: 9128282L3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1366842 | PA      | $1357550.59   | 5.07%             | 2027-07-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                | Exeter Automobile Receivables Trust, Series 2025-3A, Class C                | CUSIP: 30166XAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     27000 | PA      | $27331.89     | 0.10%             | 2031-10-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Cigna Group (The)                                  | Cigna Group (The)                                                           | CUSIP: 125523CZ1<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50637.20     | 0.19%             | 2036-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS                                                                        | CUSIP: 3133KNKT9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    105039 | PA      | $93411.28     | 0.35%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                              | CUSIP: 61747YFK6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    175000 | PA      | $179860.52    | 0.67%             | 2030-01-16      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| N/A                                                | USCPI                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    120000 | PA      | $526.53       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp.                                                       | CUSIP: 06051GJF7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    300000 | PA      | $267963.28    | 1.00%             | 2031-07-23      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| American Express Co.                               | American Express Co.                                                        | CUSIP: 025816DV8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127132.82    | 0.47%             | 2028-07-26      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                      | UMBS, 30 Year, Single Family                                                | CUSIP: 01F0526A5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    660000 | PA      | $665437.06    | 2.48%             | 2055-10-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United Mexican States                              | United Mexican States                                                       | CUSIP: 91087BBB5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $209960.00    | 0.78%             | 2030-05-13      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners LP                        | Cheniere Energy Partners LP                                                 | CUSIP: 16411QAV3<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20432.25     | 0.08%             | 2035-10-30      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                | U.S. Treasury Ultra Bond                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -4 | NC      | $-12788.33    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Carolinas LLC                          | Duke Energy Carolinas LLC                                                   | CUSIP: 264399ED4<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    125000 | PA      | $138343.26    | 0.52%             | 2032-10-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| United States of America                           | U.S. Treasury Notes                                                         | CUSIP: 91282CMW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3300000 | PA      | $3310054.70   | 12.36%            | 2028-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UDR, Inc.                                          | UDR, Inc.                                                                   | CUSIP: 90265EAT7<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              | CORP              | US        |    100000 | PA      | $85249.91     | 0.32%             | 2032-08-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | FNMA                                                                        | CUSIP: 3140NYM32<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    500000 | PA      | $500732.24    | 1.87%             | 2032-06-01      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| N/A                                                | U.S. Treasury 10-Year Ultra Note                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -6 | NC      | $163.66       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                        | Capital One Financial Corp.                                                 | CUSIP: 14040HDG7<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103525.10    | 0.39%             | 2030-07-26      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| Quanta Services, Inc.                              | Quanta Services, Inc.                                                       | CUSIP: 74762EAP7<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25064.22     | 0.09%             | 2035-08-09      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Uber Technologies, Inc.                            | Uber Technologies, Inc.                                                     | CUSIP: 90353TAU4<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9909.28      | 0.04%             | 2035-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Nomura Holdings, Inc.                              | Nomura Holdings, Inc.                                                       | CUSIP: 65535HAZ2<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $195044.48    | 0.73%             | 2027-01-22      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                       | Pacific Gas and Electric Co.                                                | CUSIP: 694308KU0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128040.58    | 0.48%             | 2035-03-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.              | NextEra Energy Capital Holdings, Inc.                                       | CUSIP: 65339KBR0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    125000 | PA      | $114127.78    | 0.43%             | 2030-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust             | Santander Drive Auto Receivables Trust, Series 2024-4, Class A3             | CUSIP: 802919AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100345.93    | 0.37%             | 2029-01-16      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Fortis, Inc.                                       | Fortis, Inc.                                                                | CUSIP: 349553AM9<br>LEI: 549300MQYQ9Y065XPR71 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $98849.25     | 0.37%             | 2026-10-04      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| Comcast Corp.                                      | Comcast Corp.                                                               | CUSIP: 20030NCT6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125366.86    | 0.47%             | 2028-10-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                 | Energy Transfer LP                                                          | CUSIP: 29273VAZ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102901.15    | 0.38%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SCF Equipment Leasing LLC                          | SCF Equipment Leasing LLC, Series 2024-1A, Class B                          | CUSIP: 783896AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $103370.99    | 0.39%             | 2032-04-20      | Fixed         | 5.56%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                               | UMBS                                                                        | CUSIP: 3140XM5V4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    208064 | PA      | $203326.54    | 0.76%             | 2053-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                               | GNMA                                                                        | CUSIP: 3622ABUF7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     61091 | PA      | $53908.93     | 0.20%             | 2051-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS                                                                        | CUSIP: 3132DWB28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    292245 | PA      | $258086.60    | 0.96%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                | USCPI                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    175000 | PA      | $1243.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                | USCPI                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    560000 | PA      | $-536.49      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Nationwide Variable Insurance Trust

**Signature:** David Majewski

**Name of Signer:** David Majewski

**Title:** Treasurer