# EDGAR Filing Document

**Accession Number:** 0000826644
**File Stem:** 0000826644-25-000048
**Filing Date:** 2025-9
**Character Count:** 982893
**Document Hash:** af88b0ae77d92c5e9bda7045db1a86cb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000826644-25-000048.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000826644-25-000048

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
- **CENTRAL INDEX KEY:** 0000826644

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05426
- **FILM NUMBER:** 251352920

**BUSINESS ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **STREET 2:** SUITE 1000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
- **BUSINESS PHONE:** 7136261919

**MAIL ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **STREET 2:** SUITE 1000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM INVESTMENT FUNDS
- **DATE OF NAME CHANGE:** 19980529

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** G T INVESTMENT FUNDS INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** G T GLOBAL INCOME SERIES INC
- **DATE OF NAME CHANGE:** 19890521

## Series and Classes Contracts Data

### Invesco Core Bond Fund (Series ID: S000064702)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000209589 | Class R6     |  |
| C000209590 | Class R5     |  |
| C000209591 | Class Y      |  |
| C000209592 | Class R      |  |
| C000209593 | Class C      |  |
| C000209594 | Class A      |  |

## Nport-Ex

**Schedule of Investments**<sup>(a)</sup> 

*July 31, 2025*

*(Unaudited)*

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

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **U.S. Dollar Denominated Bonds & Notes–37.95%** | **U.S. Dollar Denominated Bonds & Notes–37.95%** | **U.S. Dollar Denominated Bonds & Notes–37.95%** | **U.S. Dollar Denominated Bonds & Notes–37.95%** |
| **Advertising–0.03%** | **Advertising–0.03%** | **Advertising–0.03%** | **Advertising–0.03%** |
| Omnicom Group, Inc., | Omnicom Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 2.45%, 04/30/2030 |  | $100000 | &nbsp;&nbsp; $90553 |
| &nbsp;&nbsp;&nbsp; 2.60%, 08/01/2031 |  | 850000 | &nbsp;&nbsp; 752042 |
|  |  |  | &nbsp;&nbsp; 842595 |
| **Aerospace & Defense–0.59%** | **Aerospace & Defense–0.59%** | **Aerospace & Defense–0.59%** | **Aerospace & Defense–0.59%** |
| BAE Systems PLC (United Kingdom), | BAE Systems PLC (United Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/26/2027<sup>(b)</sup> <br>|  | 1169000 | &nbsp;&nbsp; 1179220 |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/26/2029<sup>(b)</sup> <br>|  | 1197000 | &nbsp;&nbsp; 1224896 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/26/2054<sup>(b)</sup> <br>|  | 682000 | &nbsp;&nbsp; 670981 |
| Boeing Co. (The), | Boeing Co. (The), |  |  |
| &nbsp;&nbsp;&nbsp; 6.26%, 05/01/2027 |  | 362000 | &nbsp;&nbsp; 371398 |
| &nbsp;&nbsp;&nbsp; 6.30%, 05/01/2029 |  | 259000 | &nbsp;&nbsp; 273552 |
| &nbsp;&nbsp;&nbsp; 6.39%, 05/01/2031 |  | 52000 | &nbsp;&nbsp; 55970 |
| &nbsp;&nbsp;&nbsp; 6.53%, 05/01/2034 |  | 729000 | &nbsp;&nbsp; 793744 |
| &nbsp;&nbsp;&nbsp; 5.81%, 05/01/2050 |  | 227000 | &nbsp;&nbsp; 219305 |
| &nbsp;&nbsp;&nbsp; General Dynamics Corp., 4.95%, <br> 08/15/2035<br>|  | 1037000 | &nbsp;&nbsp; 1039826 |
| &nbsp;&nbsp;&nbsp; Hexcel Corp., 5.88%, <br> 02/26/2035<br>|  | 135000 | &nbsp;&nbsp; 138043 |
| &nbsp;&nbsp;&nbsp; Howmet Aerospace, Inc., 4.85%, <br> 10/15/2031<br>|  | 166000 | &nbsp;&nbsp; 168091 |
| Huntington Ingalls Industries, Inc., | Huntington Ingalls Industries, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.35%, 01/15/2030 |  | 345000 | &nbsp;&nbsp; 352788 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/2035 |  | 683000 | &nbsp;&nbsp; 702446 |
| &nbsp;&nbsp;&nbsp; L3Harris Technologies, Inc., <br> 5.40%, 07/31/2033<br>|  | 42000 | &nbsp;&nbsp; 43125 |
| Lockheed Martin Corp., | Lockheed Martin Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.15%, 08/15/2028 |  | 2874000 | &nbsp;&nbsp; 2867332 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/2029 |  | 328000 | &nbsp;&nbsp; 330223 |
| &nbsp;&nbsp;&nbsp; 4.40%, 08/15/2030 |  | 1894000 | &nbsp;&nbsp; 1888395 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/2034 |  | 82000 | &nbsp;&nbsp; 81299 |
| &nbsp;&nbsp;&nbsp; 4.80%, 08/15/2034 |  | 376000 | &nbsp;&nbsp; 373905 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/2035 |  | 4647000 | &nbsp;&nbsp; 4648867 |
| &nbsp;&nbsp;&nbsp; 5.90%, 11/15/2063 |  | 20000 | &nbsp;&nbsp; 20448 |
| &nbsp;&nbsp;&nbsp; 5.20%, 02/15/2064 |  | 100000 | &nbsp;&nbsp; 91079 |
| &nbsp;&nbsp;&nbsp; Northrop Grumman Corp., 4.95%, <br> 03/15/2053<br>|  | 24000 | &nbsp;&nbsp; 21486 |
| RTX Corp., | RTX Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/2029 |  | 162000 | &nbsp;&nbsp; 168991 |
| &nbsp;&nbsp;&nbsp; 6.00%, 03/15/2031 |  | 94000 | &nbsp;&nbsp; 100598 |
| &nbsp;&nbsp;&nbsp; 5.15%, 02/27/2033 |  | 102000 | &nbsp;&nbsp; 104181 |
| &nbsp;&nbsp;&nbsp; 6.40%, 03/15/2054 |  | 62000 | &nbsp;&nbsp; 67572 |
|  |  |  | &nbsp;&nbsp; 17997761 |
| **Agricultural & Farm Machinery–0.51%** | **Agricultural & Farm Machinery–0.51%** | **Agricultural & Farm Machinery–0.51%** | **Agricultural & Farm Machinery–0.51%** |
| AGCO Corp., | AGCO Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.45%, 03/21/2027 |  | 241000 | &nbsp;&nbsp; 242963 |
| &nbsp;&nbsp;&nbsp; 5.80%, 03/21/2034 |  | 264000 | &nbsp;&nbsp; 269194 |
| &nbsp;&nbsp;&nbsp; CNH Industrial Capital LLC, 4.75%, <br> 03/21/2028<br>|  | 708000 | &nbsp;&nbsp; 711725 |
| &nbsp;&nbsp;&nbsp; Imperial Brands Finance PLC (United <br> Kingdom), | &nbsp;&nbsp;&nbsp; Imperial Brands Finance PLC (United <br> Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/30/2028<sup>(b)</sup> <br>|  | 4182000 | &nbsp;&nbsp; 4174622 |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/01/2035<sup>(b)</sup> <br>|  | 2680000 | &nbsp;&nbsp; 2684038 |
| &nbsp;&nbsp;&nbsp; 6.38%, 07/01/2055<sup>(b)</sup> <br>|  | 2604000 | &nbsp;&nbsp; 2629551 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Agricultural & Farm Machinery–(continued)** | **Agricultural & Farm Machinery–(continued)** | **Agricultural & Farm Machinery–(continued)** | **Agricultural & Farm Machinery–(continued)** |
| John Deere Capital Corp., | John Deere Capital Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.70%, 06/10/2030 |  | $211000 | &nbsp;&nbsp; $213861 |
| &nbsp;&nbsp;&nbsp; 4.38%, 10/15/2030 |  | 4177000 | &nbsp;&nbsp; 4162715 |
| &nbsp;&nbsp;&nbsp; 5.10%, 04/11/2034 |  | 440000 | &nbsp;&nbsp; 447580 |
|  |  |  | &nbsp;&nbsp; 15536249 |
| **Agricultural Products & Services–0.00%** | **Agricultural Products & Services–0.00%** | **Agricultural Products & Services–0.00%** | **Agricultural Products & Services–0.00%** |
| &nbsp;&nbsp;&nbsp; Archer-Daniels-Midland Co., <br> 3.25%, 03/27/2030<br>|  | 110000 | &nbsp;&nbsp; 104603 |
| **Air Freight & Logistics–0.29%** | **Air Freight & Logistics–0.29%** | **Air Freight & Logistics–0.29%** | **Air Freight & Logistics–0.29%** |
| GXO Logistics, Inc., | GXO Logistics, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 05/06/2029 |  | 537000 | &nbsp;&nbsp; 558747 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/06/2034 |  | 486000 | &nbsp;&nbsp; 510278 |
| United Parcel Service, Inc., | United Parcel Service, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 10/15/2030 |  | 2070000 | &nbsp;&nbsp; 2088016 |
| &nbsp;&nbsp;&nbsp; 5.15%, 05/22/2034 |  | 339000 | &nbsp;&nbsp; 346039 |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/14/2035 |  | 1433000 | &nbsp;&nbsp; 1457162 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/22/2054 |  | 518000 | &nbsp;&nbsp; 497492 |
| &nbsp;&nbsp;&nbsp; 5.95%, 05/14/2055 |  | 1234000 | &nbsp;&nbsp; 1256549 |
| &nbsp;&nbsp;&nbsp; 5.60%, 05/22/2064 |  | 240000 | &nbsp;&nbsp; 228623 |
| &nbsp;&nbsp;&nbsp; 6.05%, 05/14/2065 |  | 1720000 | &nbsp;&nbsp; 1752766 |
|  |  |  | &nbsp;&nbsp; 8695672 |
| **Application Software–0.11%** | **Application Software–0.11%** | **Application Software–0.11%** | **Application Software–0.11%** |
| &nbsp;&nbsp;&nbsp; Autodesk, Inc., 5.30%, <br> 06/15/2035<br>|  | 1145000 | &nbsp;&nbsp; 1160614 |
| &nbsp;&nbsp;&nbsp; Cadence Design Systems, Inc., <br> 4.70%, 09/10/2034<br>|  | 245000 | &nbsp;&nbsp; 241353 |
| Intuit, Inc., 5.20%, 09/15/2033 |  | 181000 | &nbsp;&nbsp; 186707 |
| Roper Technologies, Inc., | Roper Technologies, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/15/2029 |  | 335000 | &nbsp;&nbsp; 334120 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/2032 |  | 212000 | &nbsp;&nbsp; 211184 |
| &nbsp;&nbsp;&nbsp; 4.90%, 10/15/2034 |  | 480000 | &nbsp;&nbsp; 471551 |
| &nbsp;&nbsp;&nbsp; Salesforce, Inc., 1.50%, <br> 07/15/2028<br>|  | 440000 | &nbsp;&nbsp; 409149 |
| &nbsp;&nbsp;&nbsp; Synopsys, Inc., 5.70%, <br> 04/01/2055<br>|  | 323000 | &nbsp;&nbsp; 318757 |
|  |  |  | &nbsp;&nbsp; 3333435 |
| **Asset Management & Custody Banks–0.97%** | **Asset Management & Custody Banks–0.97%** | **Asset Management & Custody Banks–0.97%** | **Asset Management & Custody Banks–0.97%** |
| &nbsp;&nbsp;&nbsp; Affiliated Managers Group, Inc., <br> 5.50%, 08/20/2034<br>|  | 1118000 | &nbsp;&nbsp; 1127455 |
| Ameriprise Financial, Inc., | Ameriprise Financial, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.70%, 12/15/2028 |  | 267000 | &nbsp;&nbsp; 277966 |
| &nbsp;&nbsp;&nbsp; 5.15%, 05/15/2033 |  | 116000 | &nbsp;&nbsp; 118476 |
| &nbsp;&nbsp;&nbsp; 5.20%, 04/15/2035 |  | 1652000 | &nbsp;&nbsp; 1656712 |
| &nbsp;&nbsp;&nbsp; Apollo Debt Solutions BDC, 5.88%, <br> 08/30/2030<sup>(b)</sup> <br>|  | 2191000 | &nbsp;&nbsp; 2194366 |
| &nbsp;&nbsp;&nbsp; Ares Capital Corp., 5.50%, <br> 09/01/2030<br>|  | 3307000 | &nbsp;&nbsp; 3302735 |
| &nbsp;&nbsp;&nbsp; Ares Management Corp., 5.60%, <br> 10/11/2054<br>|  | 400000 | &nbsp;&nbsp; 377195 |
| Ares Strategic Income Fund, | Ares Strategic Income Fund, |  |  |
| &nbsp;&nbsp;&nbsp; 5.70%, 03/15/2028 |  | 1588000 | &nbsp;&nbsp; 1596938 |
| &nbsp;&nbsp;&nbsp; 5.45%, 09/09/2028<sup>(b)</sup> <br>|  | 1638000 | &nbsp;&nbsp; 1635895 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Asset Management & Custody Banks–(continued)** | **Asset Management & Custody Banks–(continued)** | **Asset Management & Custody Banks–(continued)** | **Asset Management & Custody Banks–(continued)** |
| Bank of New York Mellon Corp. (The), | Bank of New York Mellon Corp. (The), |  |  |
| &nbsp;&nbsp;&nbsp; 4.44%, 06/09/2028<sup>(c)</sup> <br>|  | $2371000 | &nbsp;&nbsp; $2376374 |
| &nbsp;&nbsp;&nbsp; 5.03% (SOFR + 0.68%), <br> 06/09/2028<sup>(d)</sup> <br>|  | 4266000 | &nbsp;&nbsp; 4287095 |
| &nbsp;&nbsp;&nbsp; 4.89%, 07/21/2028<sup>(c)</sup> <br>|  | 805000 | &nbsp;&nbsp; 814160 |
| &nbsp;&nbsp;&nbsp; 4.98%, 03/14/2030<sup>(c)</sup> <br>|  | 90000 | &nbsp;&nbsp; 91910 |
| &nbsp;&nbsp;&nbsp; 5.06%, 07/22/2032<sup>(c)</sup> <br>|  | 477000 | &nbsp;&nbsp; 486534 |
| &nbsp;&nbsp;&nbsp; 5.19%, 03/14/2035<sup>(c)</sup> <br>|  | 63000 | &nbsp;&nbsp; 63836 |
| &nbsp;&nbsp;&nbsp; 5.32%, 06/06/2036<sup>(c)</sup> <br>|  | 1463000 | &nbsp;&nbsp; 1491530 |
| &nbsp;&nbsp;&nbsp; BlackRock, Inc., 4.75%, <br> 05/25/2033<br>|  | 133000 | &nbsp;&nbsp; 133439 |
| Blackstone Secured Lending Fund, | Blackstone Secured Lending Fund, |  |  |
| &nbsp;&nbsp;&nbsp; 2.13%, 02/15/2027 |  | 2121000 | &nbsp;&nbsp; 2029712 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/15/2027 |  | 402000 | &nbsp;&nbsp; 409078 |
| Blue Owl Credit Income Corp., | Blue Owl Credit Income Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 09/23/2026 |  | 200000 | &nbsp;&nbsp; 195155 |
| &nbsp;&nbsp;&nbsp; 7.75%, 09/16/2027 |  | 100000 | &nbsp;&nbsp; 104554 |
| &nbsp;&nbsp;&nbsp; Brookfield Asset Management Ltd. <br> (Canada), 5.80%, 04/24/2035<br>|  | 1960000 | &nbsp;&nbsp; 2005779 |
| &nbsp;&nbsp;&nbsp; Brookfield Finance, Inc. (Canada), <br> 5.68%, 01/15/2035<br>|  | 110000 | &nbsp;&nbsp; 113015 |
| Citadel L.P., | Citadel L.P., |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/23/2030<sup>(b)</sup> <br>|  | 196000 | &nbsp;&nbsp; 202107 |
| &nbsp;&nbsp;&nbsp; 6.38%, 01/23/2032<sup>(b)</sup> <br>|  | 354000 | &nbsp;&nbsp; 367566 |
| Golub Capital Private Credit Fund, | Golub Capital Private Credit Fund, |  |  |
| &nbsp;&nbsp;&nbsp; 5.45%, 08/15/2028<sup>(b)</sup> <br>|  | 1326000 | &nbsp;&nbsp; 1321346 |
| &nbsp;&nbsp;&nbsp; 5.80%, 09/12/2029 |  | 200000 | &nbsp;&nbsp; 200618 |
| Northern Trust Corp., | Northern Trust Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/10/2027 |  | 200000 | &nbsp;&nbsp; 199333 |
| &nbsp;&nbsp;&nbsp; 3.65%, 08/03/2028 |  | 220000 | &nbsp;&nbsp; 216431 |
| &nbsp;&nbsp;&nbsp; 6.13%, 11/02/2032 |  | 26000 | &nbsp;&nbsp; 28047 |
| &nbsp;&nbsp;&nbsp; State Street Corp., 4.99%, <br> 03/18/2027<br>|  | 100000 | &nbsp;&nbsp; 101168 |
|  |  |  | &nbsp;&nbsp; 29526525 |
| **Automobile Manufacturers–2.27%** | **Automobile Manufacturers–2.27%** | **Automobile Manufacturers–2.27%** | **Automobile Manufacturers–2.27%** |
| American Honda Finance Corp., | American Honda Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.90%, 03/12/2027 |  | 110000 | &nbsp;&nbsp; 110751 |
| &nbsp;&nbsp;&nbsp; 4.70%, 01/12/2028 |  | 99000 | &nbsp;&nbsp; 99537 |
| &nbsp;&nbsp;&nbsp; 2.25%, 01/12/2029 |  | 440000 | &nbsp;&nbsp; 408981 |
| &nbsp;&nbsp;&nbsp; 4.60%, 04/17/2030 |  | 50000 | &nbsp;&nbsp; 49994 |
| &nbsp;&nbsp;&nbsp; 5.05%, 07/10/2031 |  | 110000 | &nbsp;&nbsp; 111748 |
| &nbsp;&nbsp;&nbsp; 4.90%, 01/10/2034 |  | 249000 | &nbsp;&nbsp; 246145 |
| &nbsp;&nbsp;&nbsp; Daimler Truck Finance North <br> America LLC (Germany), | &nbsp;&nbsp;&nbsp; Daimler Truck Finance North <br> America LLC (Germany), |  |  |
| &nbsp;&nbsp;&nbsp; 5.60%, 08/08/2025<sup>(b)</sup> <br>|  | 802000 | &nbsp;&nbsp; 802132 |
| &nbsp;&nbsp;&nbsp; 5.15%, 01/16/2026<sup>(b)</sup> <br>|  | 884000 | &nbsp;&nbsp; 886101 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/2027<sup>(b)</sup> <br>|  | 917000 | &nbsp;&nbsp; 923817 |
| &nbsp;&nbsp;&nbsp; 5.38%, 01/18/2034<sup>(b)</sup> <br>|  | 675000 | &nbsp;&nbsp; 678738 |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/13/2035<sup>(b)</sup> <br>|  | 1828000 | &nbsp;&nbsp; 1862708 |
| &nbsp;&nbsp;&nbsp; Daimler Trucks Finance North <br> America LLC (Germany), 5.13%, <br> 01/19/2028<sup>(b)</sup> <br>|  | 788000 | &nbsp;&nbsp; 798582 |
| Ford Motor Credit Co. LLC, | Ford Motor Credit Co. LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 5.92%, 03/20/2028 |  | 1486000 | &nbsp;&nbsp; 1498332 |
| &nbsp;&nbsp;&nbsp; 6.80%, 11/07/2028 |  | 1136000 | &nbsp;&nbsp; 1176061 |
| Honda Motor Co. Ltd. (Japan), | Honda Motor Co. Ltd. (Japan), |  |  |
| &nbsp;&nbsp;&nbsp; 4.44%, 07/08/2028 |  | 13284000 | &nbsp;&nbsp; 13265979 |
| &nbsp;&nbsp;&nbsp; 4.69%, 07/08/2030 |  | 7422000 | &nbsp;&nbsp; 7429318 |
| &nbsp;&nbsp;&nbsp; 5.34%, 07/08/2035 |  | 4714000 | &nbsp;&nbsp; 4715603 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Automobile Manufacturers–(continued)** | **Automobile Manufacturers–(continued)** | **Automobile Manufacturers–(continued)** | **Automobile Manufacturers–(continued)** |
| Hyundai Capital America, | Hyundai Capital America, |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/30/2026<sup>(b)</sup> <br>|  | $94000 | &nbsp;&nbsp; $94537 |
| &nbsp;&nbsp;&nbsp; 5.65%, 06/26/2026<sup>(b)</sup> <br>|  | 237000 | &nbsp;&nbsp; 239144 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/08/2027<sup>(b)</sup> <br>|  | 596000 | &nbsp;&nbsp; 601296 |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/23/2027<sup>(b)</sup> <br>|  | 5770000 | &nbsp;&nbsp; 5790498 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/07/2028<sup>(b)</sup> <br>|  | 2718000 | &nbsp;&nbsp; 2736322 |
| &nbsp;&nbsp;&nbsp; 5.60%, 03/30/2028<sup>(b)</sup> <br>|  | 119000 | &nbsp;&nbsp; 121917 |
| &nbsp;&nbsp;&nbsp; 5.35%, 03/19/2029<sup>(b)</sup> <br>|  | 112000 | &nbsp;&nbsp; 114082 |
| &nbsp;&nbsp;&nbsp; 5.30%, 01/08/2030<sup>(b)</sup> <br>|  | 1149000 | &nbsp;&nbsp; 1173296 |
| &nbsp;&nbsp;&nbsp; 5.80%, 04/01/2030<sup>(b)</sup> <br>|  | 26000 | &nbsp;&nbsp; 27035 |
| &nbsp;&nbsp;&nbsp; Hyundai Capital Services, Inc. <br> (South Korea), 5.25%, <br> 01/22/2028<sup>(b)</sup> <br>|  | 2323000 | &nbsp;&nbsp; 2352937 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Finance North <br> America LLC (Germany), | &nbsp;&nbsp;&nbsp; Mercedes-Benz Finance North <br> America LLC (Germany), |  |  |
| &nbsp;&nbsp;&nbsp; 4.80%, 01/11/2027<sup>(b)</sup> <br>|  | 1230000 | &nbsp;&nbsp; 1235608 |
| &nbsp;&nbsp;&nbsp; 5.10%, 08/03/2028<sup>(b)</sup> <br>|  | 920000 | &nbsp;&nbsp; 937767 |
| &nbsp;&nbsp;&nbsp; 4.85%, 01/11/2029<sup>(b)</sup> <br>|  | 838000 | &nbsp;&nbsp; 846006 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/11/2034<sup>(b)</sup> <br>|  | 410000 | &nbsp;&nbsp; 407627 |
| &nbsp;&nbsp;&nbsp; 5.13%, 08/01/2034<sup>(b)</sup> <br>|  | 1137000 | &nbsp;&nbsp; 1132825 |
| PACCAR Financial Corp., | PACCAR Financial Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 10/03/2025 |  | 106000 | &nbsp;&nbsp; 106043 |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/23/2027 |  | 7410000 | &nbsp;&nbsp; 7422281 |
| &nbsp;&nbsp;&nbsp; 4.60%, 01/10/2028 |  | 59000 | &nbsp;&nbsp; 59568 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/26/2029 |  | 1076000 | &nbsp;&nbsp; 1067504 |
| Toyota Motor Credit Corp., | Toyota Motor Credit Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.40%, 11/20/2026 |  | 440000 | &nbsp;&nbsp; 446149 |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/12/2028 |  | 55000 | &nbsp;&nbsp; 55490 |
| &nbsp;&nbsp;&nbsp; 4.55%, 08/09/2029 |  | 435000 | &nbsp;&nbsp; 437999 |
| &nbsp;&nbsp;&nbsp; 5.55%, 11/20/2030 |  | 110000 | &nbsp;&nbsp; 115412 |
| &nbsp;&nbsp;&nbsp; Volkswagen Group of America <br> Finance LLC (Germany), | &nbsp;&nbsp;&nbsp; Volkswagen Group of America <br> Finance LLC (Germany), |  |  |
| &nbsp;&nbsp;&nbsp; 5.40%, 03/20/2026<sup>(b)</sup> <br>|  | 1310000 | &nbsp;&nbsp; 1314087 |
| &nbsp;&nbsp;&nbsp; 4.90%, 08/14/2026<sup>(b)</sup> <br>|  | 1045000 | &nbsp;&nbsp; 1045470 |
| &nbsp;&nbsp;&nbsp; 5.30%, 03/22/2027<sup>(b)</sup> <br>|  | 1125000 | &nbsp;&nbsp; 1134062 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/22/2029<sup>(b)</sup> <br>|  | 1098000 | &nbsp;&nbsp; 1110243 |
| &nbsp;&nbsp;&nbsp; 4.95%, 08/15/2029<sup>(b)</sup> <br>|  | 1125000 | &nbsp;&nbsp; 1127133 |
| &nbsp;&nbsp;&nbsp; 5.60%, 03/22/2034<sup>(b)</sup> <br>|  | 730000 | &nbsp;&nbsp; 732945 |
|  |  |  | &nbsp;&nbsp; 69049810 |
| **Automotive Parts & Equipment–0.03%** | **Automotive Parts & Equipment–0.03%** | **Automotive Parts & Equipment–0.03%** | **Automotive Parts & Equipment–0.03%** |
| ERAC USA Finance LLC, | ERAC USA Finance LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 4.60%, 05/01/2028<sup>(b)</sup> <br>|  | 126000 | &nbsp;&nbsp; 127092 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/2029<sup>(b)</sup> <br>|  | 219000 | &nbsp;&nbsp; 223136 |
| &nbsp;&nbsp;&nbsp; 4.90%, 05/01/2033<sup>(b)</sup> <br>|  | 132000 | &nbsp;&nbsp; 131796 |
| &nbsp;&nbsp;&nbsp; Magna International, Inc. (Canada), <br> 5.88%, 06/01/2035<br>|  | 565000 | &nbsp;&nbsp; 581939 |
|  |  |  | &nbsp;&nbsp; 1063963 |
| **Automotive Retail–0.03%** | **Automotive Retail–0.03%** | **Automotive Retail–0.03%** | **Automotive Retail–0.03%** |
| AutoZone, Inc., | AutoZone, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.05%, 07/15/2026 |  | 102000 | &nbsp;&nbsp; 102565 |
| &nbsp;&nbsp;&nbsp; 5.20%, 08/01/2033 |  | 103000 | &nbsp;&nbsp; 104185 |
| &nbsp;&nbsp;&nbsp; O'Reilly Automotive, Inc., 5.00%, <br> 08/19/2034<br>|  | 682000 | &nbsp;&nbsp; 676178 |
|  |  |  | &nbsp;&nbsp; 882928 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Biotechnology–0.12%** | **Biotechnology–0.12%** | **Biotechnology–0.12%** | **Biotechnology–0.12%** |
| AbbVie, Inc., | AbbVie, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/15/2027 |  | $1283000 | &nbsp;&nbsp; $1291792 |
| &nbsp;&nbsp;&nbsp; 4.65%, 03/15/2028 |  | 100000 | &nbsp;&nbsp; 100940 |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/15/2029 |  | 760000 | &nbsp;&nbsp; 772259 |
| &nbsp;&nbsp;&nbsp; 4.95%, 03/15/2031 |  | 300000 | &nbsp;&nbsp; 306219 |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/15/2034 |  | 451000 | &nbsp;&nbsp; 456885 |
| &nbsp;&nbsp;&nbsp; 5.40%, 03/15/2054 |  | 263000 | &nbsp;&nbsp; 253635 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/15/2064 |  | 298000 | &nbsp;&nbsp; 287119 |
| Amgen, Inc., | Amgen, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 03/02/2028 |  | 112000 | &nbsp;&nbsp; 114076 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/02/2030 |  | 41000 | &nbsp;&nbsp; 42134 |
| Gilead Sciences, Inc., | Gilead Sciences, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/15/2033 |  | 77000 | &nbsp;&nbsp; 79378 |
| &nbsp;&nbsp;&nbsp; 5.55%, 10/15/2053 |  | 55000 | &nbsp;&nbsp; 54051 |
|  |  |  | &nbsp;&nbsp; 3758488 |
| **Brewers–0.00%** | **Brewers–0.00%** | **Brewers–0.00%** | **Brewers–0.00%** |
| &nbsp;&nbsp;&nbsp; Anheuser-Busch InBev Worldwide, <br> Inc. (Belgium), 5.00%, <br> 06/15/2034<br>|  | 110000 | &nbsp;&nbsp; 111622 |
| **Broadcasting–0.02%** | **Broadcasting–0.02%** | **Broadcasting–0.02%** | **Broadcasting–0.02%** |
| Paramount Global, | Paramount Global, |  |  |
| &nbsp;&nbsp;&nbsp; 5.85%, 09/01/2043 |  | 356000 | &nbsp;&nbsp; 316239 |
| &nbsp;&nbsp;&nbsp; 4.95%, 05/19/2050 |  | 356000 | &nbsp;&nbsp; 274968 |
|  |  |  | &nbsp;&nbsp; 591207 |
| **Broadline Retail–0.08%** | **Broadline Retail–0.08%** | **Broadline Retail–0.08%** | **Broadline Retail–0.08%** |
| Alibaba Group Holding Ltd. (China), | Alibaba Group Holding Ltd. (China), |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/06/2037 |  | 400000 | &nbsp;&nbsp; 357266 |
| &nbsp;&nbsp;&nbsp; 4.20%, 12/06/2047 |  | 400000 | &nbsp;&nbsp; 327661 |
| &nbsp;&nbsp;&nbsp; Macy's Retail Holdings LLC, 7.38%, <br> 08/01/2033<sup>(b)</sup> <br>|  | 1825000 | &nbsp;&nbsp; 1834233 |
|  |  |  | &nbsp;&nbsp; 2519160 |
| **Building Products–0.20%** | **Building Products–0.20%** | **Building Products–0.20%** | **Building Products–0.20%** |
| Amrize Finance US LLC, | Amrize Finance US LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 4.60%, 04/07/2027<sup>(b)</sup> <br>|  | 1125000 | &nbsp;&nbsp; 1125762 |
| &nbsp;&nbsp;&nbsp; 4.70%, 04/07/2028<sup>(b)</sup> <br>|  | 1593000 | &nbsp;&nbsp; 1601502 |
| &nbsp;&nbsp;&nbsp; 4.95%, 04/07/2030<sup>(b)</sup> <br>|  | 772000 | &nbsp;&nbsp; 780018 |
| &nbsp;&nbsp;&nbsp; 5.40%, 04/07/2035<sup>(b)</sup> <br>|  | 1873000 | &nbsp;&nbsp; 1890833 |
| &nbsp;&nbsp;&nbsp; Carrier Global Corp., 5.90%, <br> 03/15/2034<br>|  | 62000 | &nbsp;&nbsp; 65680 |
| &nbsp;&nbsp;&nbsp; Owens Corning, 5.95%, <br> 06/15/2054<br>|  | 700000 | &nbsp;&nbsp; 705647 |
|  |  |  | &nbsp;&nbsp; 6169442 |
| **Cable & Satellite–0.15%** | **Cable & Satellite–0.15%** | **Cable & Satellite–0.15%** | **Cable & Satellite–0.15%** |
| &nbsp;&nbsp;&nbsp; Charter Communications <br> Operating LLC/Charter <br> Communications Operating Capital <br> Corp., | &nbsp;&nbsp;&nbsp; Charter Communications <br> Operating LLC/Charter <br> Communications Operating Capital <br> Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/15/2028 |  | 440000 | &nbsp;&nbsp; 430225 |
| &nbsp;&nbsp;&nbsp; 2.30%, 02/01/2032 |  | 200000 | &nbsp;&nbsp; 167845 |
| &nbsp;&nbsp;&nbsp; 6.65%, 02/01/2034 |  | 229000 | &nbsp;&nbsp; 242849 |
| Comcast Corp., | Comcast Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 11/15/2032 |  | 50000 | &nbsp;&nbsp; 52193 |
| &nbsp;&nbsp;&nbsp; 4.80%, 05/15/2033 |  | 300000 | &nbsp;&nbsp; 297964 |
| &nbsp;&nbsp;&nbsp; 6.05%, 05/15/2055 |  | 3349000 | &nbsp;&nbsp; 3393307 |
| &nbsp;&nbsp;&nbsp; Cox Communications, Inc., 5.70%, <br> 06/15/2033<sup>(b)</sup> <br>|  | 43000 | &nbsp;&nbsp; 43304 |
|  |  |  | &nbsp;&nbsp; 4627687 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Cargo Ground Transportation–0.11%** | **Cargo Ground Transportation–0.11%** | **Cargo Ground Transportation–0.11%** | **Cargo Ground Transportation–0.11%** |
| &nbsp;&nbsp;&nbsp; Penske Truck Leasing Co. L.P./PTL <br> Finance Corp., | &nbsp;&nbsp;&nbsp; Penske Truck Leasing Co. L.P./PTL <br> Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/24/2026<sup>(b)</sup> <br>|  | $48000 | &nbsp;&nbsp; $48347 |
| &nbsp;&nbsp;&nbsp; 5.35%, 01/12/2027<sup>(b)</sup> <br>|  | 55000 | &nbsp;&nbsp; 55477 |
| &nbsp;&nbsp;&nbsp; 5.70%, 02/01/2028<sup>(b)</sup> <br>|  | 62000 | &nbsp;&nbsp; 63540 |
| &nbsp;&nbsp;&nbsp; 5.55%, 05/01/2028<sup>(b)</sup> <br>|  | 99000 | &nbsp;&nbsp; 101370 |
| &nbsp;&nbsp;&nbsp; 6.05%, 08/01/2028<sup>(b)</sup> <br>|  | 105000 | &nbsp;&nbsp; 109095 |
| &nbsp;&nbsp;&nbsp; 5.25%, 02/01/2030<sup>(b)</sup> <br>|  | 2102000 | &nbsp;&nbsp; 2145251 |
| &nbsp;&nbsp;&nbsp; Ryder System, Inc., 4.90%, <br> 12/01/2029<br>|  | 691000 | &nbsp;&nbsp; 699519 |
|  |  |  | &nbsp;&nbsp; 3222599 |
| **Casinos & Gaming–0.02%** | **Casinos & Gaming–0.02%** | **Casinos & Gaming–0.02%** | **Casinos & Gaming–0.02%** |
| &nbsp;&nbsp;&nbsp; Las Vegas Sands Corp., 3.50%, <br> 08/18/2026<br>|  | 110000 | &nbsp;&nbsp; 108400 |
| &nbsp;&nbsp;&nbsp; Sands China Ltd. (Macau), 5.40%, <br> 08/08/2028<br>|  | 400000 | &nbsp;&nbsp; 405285 |
|  |  |  | &nbsp;&nbsp; 513685 |
| **Commercial & Residential Mortgage Finance–0.22%** | **Commercial & Residential Mortgage Finance–0.22%** | **Commercial & Residential Mortgage Finance–0.22%** | **Commercial & Residential Mortgage Finance–0.22%** |
| Aviation Capital Group LLC, | Aviation Capital Group LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 10/25/2028<sup>(b)</sup> <br>|  | 229000 | &nbsp;&nbsp; 242683 |
| &nbsp;&nbsp;&nbsp; 4.80%, 10/24/2030<sup>(b)</sup> <br>|  | 5289000 | &nbsp;&nbsp; 5238536 |
| &nbsp;&nbsp;&nbsp; Nationwide Building Society (United <br> Kingdom), 6.56%, <br> 10/18/2027<sup>(b)(c)</sup> <br>|  | 831000 | &nbsp;&nbsp; 848958 |
| &nbsp;&nbsp;&nbsp; Radian Group, Inc., 6.20%, <br> 05/15/2029<br>|  | 319000 | &nbsp;&nbsp; 331461 |
|  |  |  | &nbsp;&nbsp; 6661638 |
| **Computer & Electronics Retail–0.01%** | **Computer & Electronics Retail–0.01%** | **Computer & Electronics Retail–0.01%** | **Computer & Electronics Retail–0.01%** |
| &nbsp;&nbsp;&nbsp; IBM International Capital Pte. Ltd., <br> 4.90%, 02/05/2034<br>|  | 310000 | &nbsp;&nbsp; 308364 |
| Leidos, Inc., 5.75%, 03/15/2033 |  | 64000 | &nbsp;&nbsp; 66444 |
|  |  |  | &nbsp;&nbsp; 374808 |
| **Construction Machinery & Heavy Transportation Equipment–**<br> **0.63%** | **Construction Machinery & Heavy Transportation Equipment–**<br> **0.63%** | **Construction Machinery & Heavy Transportation Equipment–**<br> **0.63%** | **Construction Machinery & Heavy Transportation Equipment–**<br> **0.63%** |
| &nbsp;&nbsp;&nbsp; Caterpillar Financial Services Corp., <br> 5.15%, 08/11/2025<br>|  | 450000 | &nbsp;&nbsp; 450092 |
| Caterpillar, Inc., | Caterpillar, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 2.60%, 09/19/2029 |  | 500000 | &nbsp;&nbsp; 468839 |
| &nbsp;&nbsp;&nbsp; 5.20%, 05/15/2035 |  | 2069000 | &nbsp;&nbsp; 2110457 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/15/2055 |  | 358000 | &nbsp;&nbsp; 353876 |
| Cummins, Inc., | Cummins, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.70%, 02/15/2031 |  | 4694000 | &nbsp;&nbsp; 4716832 |
| &nbsp;&nbsp;&nbsp; 5.30%, 05/09/2035 |  | 1730000 | &nbsp;&nbsp; 1752326 |
| &nbsp;&nbsp;&nbsp; Komatsu Finance America, Inc., <br> 5.50%, 10/06/2027<sup>(b)</sup> <br>|  | 1038000 | &nbsp;&nbsp; 1059415 |
| &nbsp;&nbsp;&nbsp; Westinghouse Air Brake Technologies <br> Corp., | &nbsp;&nbsp;&nbsp; Westinghouse Air Brake Technologies <br> Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.90%, 05/29/2030 |  | 2366000 | &nbsp;&nbsp; 2396751 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/29/2035 |  | 5663000 | &nbsp;&nbsp; 5776009 |
|  |  |  | &nbsp;&nbsp; 19084597 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Consumer Finance–1.09%** | **Consumer Finance–1.09%** | **Consumer Finance–1.09%** | **Consumer Finance–1.09%** |
| American Express Co., | American Express Co., |  |  |
| &nbsp;&nbsp;&nbsp; 5.65%, 04/23/2027<sup>(c)</sup> <br>|  | $718000 | &nbsp;&nbsp; $723339 |
| &nbsp;&nbsp;&nbsp; 4.73%, 04/25/2029<sup>(c)</sup> <br>|  | 1561000 | &nbsp;&nbsp; 1574960 |
| &nbsp;&nbsp;&nbsp; 5.62% (SOFR + 1.26%), <br> 04/25/2029<sup>(d)</sup> <br>|  | 4814000 | &nbsp;&nbsp; 4886206 |
| &nbsp;&nbsp;&nbsp; 4.35%, 07/20/2029<sup>(c)</sup> <br>|  | 5405000 | &nbsp;&nbsp; 5395106 |
| &nbsp;&nbsp;&nbsp; 5.16% (SOFR + 0.81%), <br> 07/20/2029<sup>(d)</sup> <br>|  | 8053000 | &nbsp;&nbsp; 8065794 |
| &nbsp;&nbsp;&nbsp; 5.53%, 04/25/2030<sup>(c)</sup> <br>|  | 646000 | &nbsp;&nbsp; 670162 |
| &nbsp;&nbsp;&nbsp; 5.02%, 04/25/2031<sup>(c)</sup> <br>|  | 3454000 | &nbsp;&nbsp; 3516597 |
| &nbsp;&nbsp;&nbsp; 4.99%, 05/26/2033<sup>(c)</sup> <br>|  | 220000 | &nbsp;&nbsp; 220069 |
| &nbsp;&nbsp;&nbsp; 4.92%, 07/20/2033<sup>(c)</sup> <br>|  | 3679000 | &nbsp;&nbsp; 3691933 |
| &nbsp;&nbsp;&nbsp; 5.44%, 01/30/2036<sup>(c)</sup> <br>|  | 939000 | &nbsp;&nbsp; 957863 |
| &nbsp;&nbsp;&nbsp; 5.67%, 04/25/2036<sup>(c)</sup> <br>|  | 1851000 | &nbsp;&nbsp; 1921240 |
| &nbsp;&nbsp;&nbsp; General Motors Financial Co., Inc., <br> 5.40%, 04/06/2026<br>|  | 35000 | &nbsp;&nbsp; 35168 |
| Synchrony Financial, | Synchrony Financial, |  |  |
| &nbsp;&nbsp;&nbsp; 5.02%, 07/29/2029<sup>(c)</sup> <br>|  | 588000 | &nbsp;&nbsp; 587761 |
| &nbsp;&nbsp;&nbsp; 6.00%, 07/29/2036<sup>(c)</sup> <br>|  | 860000 | &nbsp;&nbsp; 862968 |
|  |  |  | &nbsp;&nbsp; 33109166 |
| **Consumer Staples Merchandise Retail–0.12%** | **Consumer Staples Merchandise Retail–0.12%** | **Consumer Staples Merchandise Retail–0.12%** | **Consumer Staples Merchandise Retail–0.12%** |
| &nbsp;&nbsp;&nbsp; Dollar General Corp., 5.50%, <br> 11/01/2052<br>|  | 32000 | &nbsp;&nbsp; 29587 |
| &nbsp;&nbsp;&nbsp; Target Corp., 4.50%, <br> 09/15/2032<br>|  | 55000 | &nbsp;&nbsp; 54623 |
| Walmart, Inc., | Walmart, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 07/08/2029 |  | 880000 | &nbsp;&nbsp; 853930 |
| &nbsp;&nbsp;&nbsp; 4.90%, 04/28/2035 |  | 2662000 | &nbsp;&nbsp; 2681301 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/15/2053 |  | 132000 | &nbsp;&nbsp; 114787 |
|  |  |  | &nbsp;&nbsp; 3734228 |
| **Distillers & Vintners–0.03%** | **Distillers & Vintners–0.03%** | **Distillers & Vintners–0.03%** | **Distillers & Vintners–0.03%** |
| &nbsp;&nbsp;&nbsp; Brown-Forman Corp., 4.75%, <br> 04/15/2033<br>|  | 30000 | &nbsp;&nbsp; 29995 |
| Constellation Brands, Inc., | Constellation Brands, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.80%, 05/01/2030 |  | 512000 | &nbsp;&nbsp; 514978 |
| &nbsp;&nbsp;&nbsp; 4.90%, 05/01/2033 |  | 29000 | &nbsp;&nbsp; 28757 |
| &nbsp;&nbsp;&nbsp; Diageo Capital PLC (United <br> Kingdom), 5.50%, <br> 01/24/2033<br>|  | 200000 | &nbsp;&nbsp; 208634 |
|  |  |  | &nbsp;&nbsp; 782364 |
| **Distributors–0.06%** | **Distributors–0.06%** | **Distributors–0.06%** | **Distributors–0.06%** |
| Genuine Parts Co., | Genuine Parts Co., |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 11/01/2028 |  | 126000 | &nbsp;&nbsp; 133328 |
| &nbsp;&nbsp;&nbsp; 4.95%, 08/15/2029 |  | 1289000 | &nbsp;&nbsp; 1305439 |
| &nbsp;&nbsp;&nbsp; 6.88%, 11/01/2033 |  | 225000 | &nbsp;&nbsp; 250470 |
|  |  |  | &nbsp;&nbsp; 1689237 |
| **Diversified Banks–8.63%** | **Diversified Banks–8.63%** | **Diversified Banks–8.63%** | **Diversified Banks–8.63%** |
| &nbsp;&nbsp;&nbsp; Australia and New Zealand Banking <br> Group Ltd. (Australia), 5.20%, <br> 09/30/2035<sup>(b)(c)</sup> <br>|  | 2491000 | &nbsp;&nbsp; 2448825 |
| Banco Santander S.A. (Spain), | Banco Santander S.A. (Spain), |  |  |
| &nbsp;&nbsp;&nbsp; 3.80%, 02/23/2028 |  | 200000 | &nbsp;&nbsp; 196504 |
| &nbsp;&nbsp;&nbsp; 5.55%, 03/14/2028<sup>(c)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 1014638 |
| &nbsp;&nbsp;&nbsp; 4.18%, 03/24/2028<sup>(c)</sup> <br>|  | 400000 | &nbsp;&nbsp; 397307 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** |
| Bank of America Corp., | Bank of America Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 3.82%, 01/20/2028<sup>(c)</sup> <br>|  | $400000 | &nbsp;&nbsp; $395818 |
| &nbsp;&nbsp;&nbsp; 4.95%, 07/22/2028<sup>(c)</sup> <br>|  | 22000 | &nbsp;&nbsp; 22200 |
| &nbsp;&nbsp;&nbsp; 5.19% (SOFR + 0.83%), <br> 01/24/2029<sup>(d)</sup> <br>|  | 976000 | &nbsp;&nbsp; 977764 |
| &nbsp;&nbsp;&nbsp; 5.20%, 04/25/2029<sup>(c)</sup> <br>|  | 137000 | &nbsp;&nbsp; 139574 |
| &nbsp;&nbsp;&nbsp; 4.62%, 05/09/2029<sup>(c)</sup> <br>|  | 1977000 | &nbsp;&nbsp; 1985708 |
| &nbsp;&nbsp;&nbsp; 5.82%, 09/15/2029<sup>(c)</sup> <br>|  | 202000 | &nbsp;&nbsp; 209891 |
| &nbsp;&nbsp;&nbsp; 5.16%, 01/24/2031<sup>(c)</sup> <br>|  | 535000 | &nbsp;&nbsp; 547472 |
| &nbsp;&nbsp;&nbsp; 5.37% (SOFR + 1.01%), <br> 01/24/2031<sup>(d)</sup> <br>|  | 867000 | &nbsp;&nbsp; 867068 |
| &nbsp;&nbsp;&nbsp; 5.43%, 08/15/2035<sup>(c)</sup> <br>|  | 842000 | &nbsp;&nbsp; 843877 |
| &nbsp;&nbsp;&nbsp; 5.52%, 10/25/2035<sup>(c)</sup> <br>|  | 200000 | &nbsp;&nbsp; 200284 |
| &nbsp;&nbsp;&nbsp; 5.51%, 01/24/2036<sup>(c)</sup> <br>|  | 2114000 | &nbsp;&nbsp; 2167060 |
| &nbsp;&nbsp;&nbsp; 5.46%, 05/09/2036<sup>(c)</sup> <br>|  | 2446000 | &nbsp;&nbsp; 2503873 |
| &nbsp;&nbsp;&nbsp; 2.48%, 09/21/2036<sup>(c)</sup> <br>|  | 220000 | &nbsp;&nbsp; 187363 |
| &nbsp;&nbsp;&nbsp; 3.85%, 03/08/2037<sup>(c)</sup> <br>|  | 220000 | &nbsp;&nbsp; 201717 |
| &nbsp;&nbsp;&nbsp; 6.25%<sup>(c)(e)</sup> <br>|  | 6455000 | &nbsp;&nbsp; 6448932 |
| &nbsp;&nbsp;&nbsp; Bank of Montreal (Canada), <br> 5.30%, 06/05/2026<br>|  | 64000 | &nbsp;&nbsp; 64438 |
| Bank of New York Mellon (The), | Bank of New York Mellon (The), |  |  |
| &nbsp;&nbsp;&nbsp; 4.59%, 04/20/2027<sup>(c)</sup> <br>|  | 1711000 | &nbsp;&nbsp; 1713331 |
| &nbsp;&nbsp;&nbsp; 5.06% (SOFR + 0.71%), <br> 04/20/2027<sup>(d)</sup> <br>|  | 1990000 | &nbsp;&nbsp; 1994974 |
| &nbsp;&nbsp;&nbsp; 4.73%, 04/20/2029<sup>(c)</sup> <br>|  | 1306000 | &nbsp;&nbsp; 1320061 |
| &nbsp;&nbsp;&nbsp; Bank of New Zealand (New <br> Zealand), 5.70%, <br> 01/28/2035<sup>(b)(c)</sup> <br>|  | 809000 | &nbsp;&nbsp; 825619 |
| Bank of Nova Scotia (The) (Canada), | Bank of Nova Scotia (The) (Canada), |  |  |
| &nbsp;&nbsp;&nbsp; 8.63%, 10/27/2082<sup>(c)</sup> <br>|  | 908000 | &nbsp;&nbsp; 966677 |
| &nbsp;&nbsp;&nbsp; 8.00%, 01/27/2084<sup>(c)</sup> <br>|  | 849000 | &nbsp;&nbsp; 907168 |
| &nbsp;&nbsp;&nbsp; Banque Federative du Credit Mutuel <br> (France), 4.59%, <br> 10/16/2028<sup>(b)</sup> <br>|  | 7051000 | &nbsp;&nbsp; 7071146 |
| Barclays PLC (United Kingdom), | Barclays PLC (United Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp; 5.83%, 05/09/2027<sup>(c)</sup> <br>|  | 200000 | &nbsp;&nbsp; 201641 |
| &nbsp;&nbsp;&nbsp; 6.50%, 09/13/2027<sup>(c)</sup> <br>|  | 400000 | &nbsp;&nbsp; 407938 |
| &nbsp;&nbsp;&nbsp; 5.37%, 02/25/2031<sup>(c)</sup> <br>|  | 866000 | &nbsp;&nbsp; 884981 |
| &nbsp;&nbsp;&nbsp; 7.44%, 11/02/2033<sup>(c)</sup> <br>|  | 200000 | &nbsp;&nbsp; 227368 |
| BNP Paribas S.A. (France), | BNP Paribas S.A. (France), |  |  |
| &nbsp;&nbsp;&nbsp; 4.79%, 05/09/2029<sup>(b)(c)</sup> <br>|  | 1410000 | &nbsp;&nbsp; 1415539 |
| &nbsp;&nbsp;&nbsp; 5.80% (SOFR + 1.43%), <br> 05/09/2029<sup>(b)(d)</sup> <br>|  | 4194000 | &nbsp;&nbsp; 4242961 |
| &nbsp;&nbsp;&nbsp; 5.09%, 05/09/2031<sup>(b)(c)</sup> <br>|  | 4173000 | &nbsp;&nbsp; 4215135 |
| &nbsp;&nbsp;&nbsp; 7.45%<sup>(b)(c)(e)</sup> <br>|  | 2657000 | &nbsp;&nbsp; 2713461 |
| BPCE S.A. (France), | BPCE S.A. (France), |  |  |
| &nbsp;&nbsp;&nbsp; 6.29%, 01/14/2036<sup>(b)(c)</sup> <br>|  | 1174000 | &nbsp;&nbsp; 1235141 |
| &nbsp;&nbsp;&nbsp; 6.92%, 01/14/2046<sup>(b)(c)</sup> <br>|  | 1007000 | &nbsp;&nbsp; 1053893 |
| &nbsp;&nbsp;&nbsp; CaixaBank S.A. (Spain), 4.89%, <br> 07/03/2031<sup>(b)(c)</sup> <br>|  | 2309000 | &nbsp;&nbsp; 2315044 |
| &nbsp;&nbsp;&nbsp; Citibank N.A., 4.93%, <br> 08/06/2026<br>|  | 1200000 | &nbsp;&nbsp; 1205847 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** |
| Citigroup, Inc., | Citigroup, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.49% (SOFR + 1.14%), <br> 05/07/2028<sup>(d)</sup> <br>|  | $3747000 | &nbsp;&nbsp; $3774953 |
| &nbsp;&nbsp;&nbsp; 5.17%, 02/13/2030<sup>(c)</sup> <br>|  | 202000 | &nbsp;&nbsp; 205716 |
| &nbsp;&nbsp;&nbsp; 4.54%, 09/19/2030<sup>(c)</sup> <br>|  | 1366000 | &nbsp;&nbsp; 1360797 |
| &nbsp;&nbsp;&nbsp; 4.41%, 03/31/2031<sup>(c)</sup> <br>|  | 300000 | &nbsp;&nbsp; 296573 |
| &nbsp;&nbsp;&nbsp; 4.95%, 05/07/2031<sup>(c)</sup> <br>|  | 4109000 | &nbsp;&nbsp; 4149213 |
| &nbsp;&nbsp;&nbsp; 5.81% (SOFR + 1.46%), <br> 05/07/2031<sup>(d)</sup> <br>|  | 4007000 | &nbsp;&nbsp; 4052033 |
| &nbsp;&nbsp;&nbsp; 6.17%, 05/25/2034<sup>(c)</sup> <br>|  | 182000 | &nbsp;&nbsp; 190393 |
| &nbsp;&nbsp;&nbsp; 5.83%, 02/13/2035<sup>(c)</sup> <br>|  | 486000 | &nbsp;&nbsp; 494417 |
| &nbsp;&nbsp;&nbsp; 5.41%, 09/19/2039<sup>(c)</sup> <br>|  | 982000 | &nbsp;&nbsp; 961860 |
| &nbsp;&nbsp;&nbsp; 5.61%, 03/04/2056<sup>(c)</sup> <br>|  | 2242000 | &nbsp;&nbsp; 2189144 |
| &nbsp;&nbsp;&nbsp; Series GG, 6.88%<sup>(c)(e)</sup> <br>|  | 8424000 | &nbsp;&nbsp; 8516664 |
| &nbsp;&nbsp;&nbsp; Series W, 4.00%<sup>(c)(e)</sup> <br>|  | 1817000 | &nbsp;&nbsp; 1809412 |
| &nbsp;&nbsp;&nbsp; Comerica, Inc., 5.98%, <br> 01/30/2030<sup>(c)</sup> <br>|  | 85000 | &nbsp;&nbsp; 87419 |
| &nbsp;&nbsp;&nbsp; Cooperatieve Rabobank U.A. <br> (Netherlands), | &nbsp;&nbsp;&nbsp; Cooperatieve Rabobank U.A. <br> (Netherlands), |  |  |
| &nbsp;&nbsp;&nbsp; 4.33%, 08/28/2026 |  | 2787000 | &nbsp;&nbsp; 2787968 |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/24/2041 |  | 400000 | &nbsp;&nbsp; 392238 |
| &nbsp;&nbsp;&nbsp; Credit Agricole S.A. (France), <br> 5.22%, 05/27/2031<sup>(b)(c)</sup> <br>|  | 2610000 | &nbsp;&nbsp; 2653993 |
| Fifth Third Bancorp, | Fifth Third Bancorp, |  |  |
| &nbsp;&nbsp;&nbsp; 1.71%, 11/01/2027<sup>(c)</sup> <br>|  | 39000 | &nbsp;&nbsp; 37653 |
| &nbsp;&nbsp;&nbsp; 6.34%, 07/27/2029<sup>(c)</sup> <br>|  | 19000 | &nbsp;&nbsp; 19972 |
| &nbsp;&nbsp;&nbsp; 4.77%, 07/28/2030<sup>(c)</sup> <br>|  | 63000 | &nbsp;&nbsp; 63273 |
| &nbsp;&nbsp;&nbsp; 4.90%, 09/06/2030<sup>(c)</sup> <br>|  | 300000 | &nbsp;&nbsp; 302697 |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/29/2032<sup>(c)</sup> <br>|  | 63000 | &nbsp;&nbsp; 65279 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Bank USA, 5.28%, <br> 03/18/2027<sup>(c)</sup> <br>|  | 1729000 | &nbsp;&nbsp; 1735464 |
| HSBC Holdings PLC (United Kingdom), | HSBC Holdings PLC (United Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp; 5.89%, 08/14/2027<sup>(c)</sup> <br>|  | 1173000 | &nbsp;&nbsp; 1187681 |
| &nbsp;&nbsp;&nbsp; 5.60%, 05/17/2028<sup>(c)</sup> <br>|  | 951000 | &nbsp;&nbsp; 967216 |
| &nbsp;&nbsp;&nbsp; 5.21%, 08/11/2028<sup>(c)</sup> <br>|  | 630000 | &nbsp;&nbsp; 637653 |
| &nbsp;&nbsp;&nbsp; 5.38% (SOFR + 1.04%), <br> 11/19/2028<sup>(d)</sup> <br>|  | 2229000 | &nbsp;&nbsp; 2230192 |
| &nbsp;&nbsp;&nbsp; 5.55%, 03/04/2030<sup>(c)</sup> <br>|  | 200000 | &nbsp;&nbsp; 205777 |
| &nbsp;&nbsp;&nbsp; 5.29%, 11/19/2030<sup>(c)</sup> <br>|  | 1459000 | &nbsp;&nbsp; 1490067 |
| &nbsp;&nbsp;&nbsp; 5.63% (SOFR + 1.29%), <br> 11/19/2030<sup>(d)</sup> <br>|  | 2428000 | &nbsp;&nbsp; 2428535 |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/03/2031<sup>(c)</sup> <br>|  | 1190000 | &nbsp;&nbsp; 1206922 |
| &nbsp;&nbsp;&nbsp; 5.24%, 05/13/2031<sup>(c)</sup> <br>|  | 2936000 | &nbsp;&nbsp; 2990511 |
| &nbsp;&nbsp;&nbsp; 5.91% (SOFR + 1.57%), <br> 05/13/2031<sup>(d)</sup> <br>|  | 4576000 | &nbsp;&nbsp; 4647841 |
| &nbsp;&nbsp;&nbsp; 2.36%, 08/18/2031<sup>(c)</sup> <br>|  | 300000 | &nbsp;&nbsp; 267038 |
| &nbsp;&nbsp;&nbsp; 7.40%, 11/13/2034<sup>(c)</sup> <br>|  | 625000 | &nbsp;&nbsp; 698821 |
| &nbsp;&nbsp;&nbsp; 5.72%, 03/04/2035<sup>(c)</sup> <br>|  | 220000 | &nbsp;&nbsp; 229002 |
| &nbsp;&nbsp;&nbsp; 5.79%, 05/13/2036<sup>(c)</sup> <br>|  | 2672000 | &nbsp;&nbsp; 2755985 |
| &nbsp;&nbsp;&nbsp; 6.33%, 03/09/2044<sup>(c)</sup> <br>|  | 1041000 | &nbsp;&nbsp; 1112095 |
| &nbsp;&nbsp;&nbsp; 6.88%<sup>(c)(e)</sup> <br>|  | 920000 | &nbsp;&nbsp; 950499 |
| &nbsp;&nbsp;&nbsp; HSBC USA, Inc., 4.65%, <br> 06/03/2028<br>|  | 2721000 | &nbsp;&nbsp; 2734977 |
| &nbsp;&nbsp;&nbsp; ING Groep N.V. (Netherlands), <br> 5.34%, 03/19/2030<sup>(c)</sup> <br>|  | 991000 | &nbsp;&nbsp; 1015794 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** |
| JPMorgan Chase & Co., | JPMorgan Chase & Co., |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 10/01/2027 |  | $110000 | &nbsp;&nbsp; $110087 |
| &nbsp;&nbsp;&nbsp; 3.63%, 12/01/2027 |  | 110000 | &nbsp;&nbsp; 108298 |
| &nbsp;&nbsp;&nbsp; 5.57%, 04/22/2028<sup>(c)</sup> <br>|  | 513000 | &nbsp;&nbsp; 522204 |
| &nbsp;&nbsp;&nbsp; 4.85%, 07/25/2028<sup>(c)</sup> <br>|  | 32000 | &nbsp;&nbsp; 32264 |
| &nbsp;&nbsp;&nbsp; 4.92%, 01/24/2029<sup>(c)</sup> <br>|  | 478000 | &nbsp;&nbsp; 483276 |
| &nbsp;&nbsp;&nbsp; 5.15% (SOFR + 0.80%), <br> 01/24/2029<sup>(d)</sup> <br>|  | 1531000 | &nbsp;&nbsp; 1534130 |
| &nbsp;&nbsp;&nbsp; 5.30%, 07/24/2029<sup>(c)</sup> <br>|  | 136000 | &nbsp;&nbsp; 139279 |
| &nbsp;&nbsp;&nbsp; 6.09%, 10/23/2029<sup>(c)</sup> <br>|  | 185000 | &nbsp;&nbsp; 193824 |
| &nbsp;&nbsp;&nbsp; 5.01%, 01/23/2030<sup>(c)</sup> <br>|  | 113000 | &nbsp;&nbsp; 114930 |
| &nbsp;&nbsp;&nbsp; 5.58%, 04/22/2030<sup>(c)</sup> <br>|  | 410000 | &nbsp;&nbsp; 425103 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/22/2030<sup>(c)</sup> <br>|  | 805000 | &nbsp;&nbsp; 818818 |
| &nbsp;&nbsp;&nbsp; 4.60%, 10/22/2030<sup>(c)</sup> <br>|  | 1356000 | &nbsp;&nbsp; 1359361 |
| &nbsp;&nbsp;&nbsp; 5.14%, 01/24/2031<sup>(c)</sup> <br>|  | 1106000 | &nbsp;&nbsp; 1130585 |
| &nbsp;&nbsp;&nbsp; 5.10%, 04/22/2031<sup>(c)</sup> <br>|  | 1859000 | &nbsp;&nbsp; 1901601 |
| &nbsp;&nbsp;&nbsp; 2.55%, 11/08/2032<sup>(c)</sup> <br>|  | 220000 | &nbsp;&nbsp; 193472 |
| &nbsp;&nbsp;&nbsp; 4.59%, 04/26/2033<sup>(c)</sup> <br>|  | 19000 | &nbsp;&nbsp; 18780 |
| &nbsp;&nbsp;&nbsp; 5.72%, 09/14/2033<sup>(c)</sup> <br>|  | 57000 | &nbsp;&nbsp; 59417 |
| &nbsp;&nbsp;&nbsp; 5.34%, 01/23/2035<sup>(c)</sup> <br>|  | 91000 | &nbsp;&nbsp; 93072 |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/24/2036<sup>(c)</sup> <br>|  | 983000 | &nbsp;&nbsp; 1008889 |
| &nbsp;&nbsp;&nbsp; 5.57%, 04/22/2036<sup>(c)</sup> <br>|  | 1376000 | &nbsp;&nbsp; 1421500 |
| &nbsp;&nbsp;&nbsp; 5.58%, 07/23/2036<sup>(c)</sup> <br>|  | 2866000 | &nbsp;&nbsp; 2910294 |
| &nbsp;&nbsp;&nbsp; 5.53%, 11/29/2045<sup>(c)</sup> <br>|  | 1403000 | &nbsp;&nbsp; 1404387 |
| &nbsp;&nbsp;&nbsp; Series NN, 6.88%<sup>(c)(e)</sup> <br>|  | 292000 | &nbsp;&nbsp; 305921 |
| KeyBank N.A., | KeyBank N.A., |  |  |
| &nbsp;&nbsp;&nbsp; 4.15%, 08/08/2025 |  | 629000 | &nbsp;&nbsp; 628856 |
| &nbsp;&nbsp;&nbsp; 5.85%, 11/15/2027 |  | 936000 | &nbsp;&nbsp; 962197 |
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC (United <br> Kingdom), 4.98%, <br> 08/11/2033<sup>(c)</sup> <br>|  | 200000 | &nbsp;&nbsp; 199024 |
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. <br> (Japan), | &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. <br> (Japan), |  |  |
| &nbsp;&nbsp;&nbsp; 5.02%, 07/20/2028<sup>(c)</sup> <br>|  | 699000 | &nbsp;&nbsp; 705778 |
| &nbsp;&nbsp;&nbsp; 5.26%, 04/17/2030<sup>(c)</sup> <br>|  | 1041000 | &nbsp;&nbsp; 1065758 |
| &nbsp;&nbsp;&nbsp; 5.16%, 04/24/2031<sup>(c)</sup> <br>|  | 1846000 | &nbsp;&nbsp; 1885682 |
| &nbsp;&nbsp;&nbsp; 5.83% (SOFR + 1.48%), <br> 04/24/2031<sup>(d)</sup> <br>|  | 1390000 | &nbsp;&nbsp; 1413491 |
| &nbsp;&nbsp;&nbsp; 5.41%, 04/19/2034<sup>(c)</sup> <br>|  | 716000 | &nbsp;&nbsp; 738706 |
| &nbsp;&nbsp;&nbsp; 5.43%, 04/17/2035<sup>(c)</sup> <br>|  | 818000 | &nbsp;&nbsp; 834861 |
| &nbsp;&nbsp;&nbsp; 5.57%, 01/16/2036<sup>(c)</sup> <br>|  | 1269000 | &nbsp;&nbsp; 1306716 |
| &nbsp;&nbsp;&nbsp; 5.62%, 04/24/2036<sup>(c)</sup> <br>|  | 3034000 | &nbsp;&nbsp; 3135216 |
| &nbsp;&nbsp;&nbsp; 8.20%<sup>(c)(e)</sup> <br>|  | 4274000 | &nbsp;&nbsp; 4650163 |
| Mizuho Financial Group, Inc. (Japan), | Mizuho Financial Group, Inc. (Japan), |  |  |
| &nbsp;&nbsp;&nbsp; 4.02%, 03/05/2028 |  | 400000 | &nbsp;&nbsp; 397396 |
| &nbsp;&nbsp;&nbsp; 5.78%, 07/06/2029<sup>(c)</sup> <br>|  | 781000 | &nbsp;&nbsp; 807713 |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/26/2030<sup>(c)</sup> <br>|  | 400000 | &nbsp;&nbsp; 409696 |
| &nbsp;&nbsp;&nbsp; 5.38%, 07/10/2030<sup>(c)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 1027031 |
| &nbsp;&nbsp;&nbsp; 4.71%, 07/08/2031<sup>(c)</sup> <br>|  | 3775000 | &nbsp;&nbsp; 3768750 |
| &nbsp;&nbsp;&nbsp; 5.61% (SOFR + 1.25%), <br> 07/08/2031<sup>(d)</sup> <br>|  | 3869000 | &nbsp;&nbsp; 3895254 |
| &nbsp;&nbsp;&nbsp; 5.59%, 07/10/2035<sup>(c)</sup> <br>|  | 688000 | &nbsp;&nbsp; 708820 |
| &nbsp;&nbsp;&nbsp; 5.32%, 07/08/2036<sup>(c)</sup> <br>|  | 5648000 | &nbsp;&nbsp; 5679724 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** |
| Morgan Stanley Bank N.A., | Morgan Stanley Bank N.A., |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/21/2026 |  | $840000 | &nbsp;&nbsp; $841842 |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/30/2026 |  | 1140000 | &nbsp;&nbsp; 1160985 |
| &nbsp;&nbsp;&nbsp; 4.45%, 10/15/2027<sup>(c)</sup> <br>|  | 2241000 | &nbsp;&nbsp; 2238409 |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/14/2028<sup>(c)</sup> <br>|  | 1100000 | &nbsp;&nbsp; 1106660 |
| &nbsp;&nbsp;&nbsp; 5.02%, 01/12/2029<sup>(c)</sup> <br>|  | 1100000 | &nbsp;&nbsp; 1113835 |
| &nbsp;&nbsp;&nbsp; 5.25% (SOFR + 0.90%), <br> 01/12/2029<sup>(d)</sup> <br>|  | 1631000 | &nbsp;&nbsp; 1636276 |
| Morgan Stanley Private Bank, N.A., | Morgan Stanley Private Bank, N.A., |  |  |
| &nbsp;&nbsp;&nbsp; 4.47%, 07/06/2028<sup>(c)</sup> <br>|  | 3145000 | &nbsp;&nbsp; 3142634 |
| &nbsp;&nbsp;&nbsp; 5.12% (SOFR + 0.77%), <br> 07/06/2028<sup>(d)</sup> <br>|  | 7955000 | &nbsp;&nbsp; 7970364 |
| &nbsp;&nbsp;&nbsp; 4.73%, 07/18/2031<sup>(c)</sup> <br>|  | 2796000 | &nbsp;&nbsp; 2809244 |
| &nbsp;&nbsp;&nbsp; National Australia Bank Ltd. <br> (Australia), 5.90%, <br> 01/14/2036<sup>(b)(c)</sup> <br>|  | 2154000 | &nbsp;&nbsp; 2209247 |
| National Securities Clearing Corp., | National Securities Clearing Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.10%, 11/21/2027<sup>(b)</sup> <br>|  | 1087000 | &nbsp;&nbsp; 1106336 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/30/2028<sup>(b)</sup> <br>|  | 928000 | &nbsp;&nbsp; 944838 |
| &nbsp;&nbsp;&nbsp; Norinchukin Bank (The) (Japan), <br> 5.09%, 10/16/2029<sup>(b)</sup> <br>|  | 963000 | &nbsp;&nbsp; 974427 |
| &nbsp;&nbsp;&nbsp; PNC Bank N.A., 4.78%, <br> 01/15/2027<sup>(c)</sup> <br>|  | 2634000 | &nbsp;&nbsp; 2635319 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. <br> (The), | &nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. <br> (The), |  |  |
| &nbsp;&nbsp;&nbsp; 6.62%, 10/20/2027<sup>(c)</sup> <br>|  | 247000 | &nbsp;&nbsp; 252885 |
| &nbsp;&nbsp;&nbsp; 5.58%, 06/12/2029<sup>(c)</sup> <br>|  | 150000 | &nbsp;&nbsp; 154692 |
| &nbsp;&nbsp;&nbsp; 4.90%, 05/13/2031<sup>(c)</sup> <br>|  | 3792000 | &nbsp;&nbsp; 3835009 |
| &nbsp;&nbsp;&nbsp; 5.07%, 01/24/2034<sup>(c)</sup> <br>|  | 110000 | &nbsp;&nbsp; 110374 |
| &nbsp;&nbsp;&nbsp; 5.37%, 07/21/2036<sup>(c)</sup> <br>|  | 2733000 | &nbsp;&nbsp; 2762379 |
| Royal Bank of Canada (Canada), | Royal Bank of Canada (Canada), |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 02/01/2029 |  | 85000 | &nbsp;&nbsp; 86835 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/2033 |  | 66000 | &nbsp;&nbsp; 67121 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/02/2084<sup>(c)</sup> <br>|  | 994000 | &nbsp;&nbsp; 1036142 |
| &nbsp;&nbsp;&nbsp; Standard Chartered PLC (United <br> Kingdom), | &nbsp;&nbsp;&nbsp; Standard Chartered PLC (United <br> Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp; 6.19%, 07/06/2027<sup>(b)(c)</sup> <br>|  | 788000 | &nbsp;&nbsp; 798534 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/08/2028<sup>(b)(c)</sup> <br>|  | 783000 | &nbsp;&nbsp; 806072 |
| &nbsp;&nbsp;&nbsp; 7.02%, 02/08/2030<sup>(b)(c)</sup> <br>|  | 785000 | &nbsp;&nbsp; 844962 |
| &nbsp;&nbsp;&nbsp; 5.01%, 10/15/2030<sup>(b)(c)</sup> <br>|  | 956000 | &nbsp;&nbsp; 967123 |
| &nbsp;&nbsp;&nbsp; 5.24%, 05/13/2031<sup>(b)(c)</sup> <br>|  | 2151000 | &nbsp;&nbsp; 2185235 |
| &nbsp;&nbsp;&nbsp; 6.02% (SOFR + 1.68%), <br> 05/13/2031<sup>(b)(d)</sup> <br>|  | 2167000 | &nbsp;&nbsp; 2203446 |
| &nbsp;&nbsp;&nbsp; 2.68%, 06/29/2032<sup>(b)(c)</sup> <br>|  | 1468000 | &nbsp;&nbsp; 1292264 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Trust Bank Ltd. <br> (Japan), | &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Trust Bank Ltd. <br> (Japan), |  |  |
| &nbsp;&nbsp;&nbsp; 5.65%, 03/09/2026<sup>(b)</sup> <br>|  | 757000 | &nbsp;&nbsp; 762061 |
| &nbsp;&nbsp;&nbsp; 5.65%, 09/14/2026<sup>(b)</sup> <br>|  | 850000 | &nbsp;&nbsp; 860677 |
| &nbsp;&nbsp;&nbsp; 5.20%, 03/07/2027<sup>(b)</sup> <br>|  | 934000 | &nbsp;&nbsp; 945581 |
| &nbsp;&nbsp;&nbsp; 5.55%, 09/14/2028<sup>(b)</sup> <br>|  | 1038000 | &nbsp;&nbsp; 1073447 |
| &nbsp;&nbsp;&nbsp; 5.20%, 03/07/2029<sup>(b)</sup> <br>|  | 1295000 | &nbsp;&nbsp; 1326112 |
| &nbsp;&nbsp;&nbsp; 5.35%, 03/07/2034<sup>(b)</sup> <br>|  | 1023000 | &nbsp;&nbsp; 1045961 |
| Toronto-Dominion Bank (The) (Canada), | Toronto-Dominion Bank (The) (Canada), |  |  |
| &nbsp;&nbsp;&nbsp; 4.78%, 12/17/2029 |  | 1909000 | &nbsp;&nbsp; 1928846 |
| &nbsp;&nbsp;&nbsp; 2.45%, 01/12/2032 |  | 200000 | &nbsp;&nbsp; 174855 |
| &nbsp;&nbsp;&nbsp; 8.13%, 10/31/2082<sup>(c)</sup> <br>|  | 901000 | &nbsp;&nbsp; 951986 |
| &nbsp;&nbsp;&nbsp; 7.25%, 07/31/2084<sup>(c)</sup> <br>|  | 1002000 | &nbsp;&nbsp; 1041390 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** |
| Truist Bank, | Truist Bank, |  |  |
| &nbsp;&nbsp;&nbsp; 4.42%, 07/24/2028<sup>(c)</sup> <br>|  | $6097000 | &nbsp;&nbsp; $6089170 |
| &nbsp;&nbsp;&nbsp; 5.12% (SOFR + 0.77%), <br> 07/24/2028<sup>(d)</sup> <br>|  | 7848000 | &nbsp;&nbsp; 7864605 |
| &nbsp;&nbsp;&nbsp; 2.25%, 03/11/2030 |  | 250000 | &nbsp;&nbsp; 224891 |
| U.S. Bancorp, | U.S. Bancorp, |  |  |
| &nbsp;&nbsp;&nbsp; 5.78%, 06/12/2029<sup>(c)</sup> <br>|  | 110000 | &nbsp;&nbsp; 113909 |
| &nbsp;&nbsp;&nbsp; 4.97%, 07/22/2033<sup>(c)</sup> <br>|  | 110000 | &nbsp;&nbsp; 108505 |
| &nbsp;&nbsp;&nbsp; UBS AG (Switzerland), 5.65%, <br> 09/11/2028<br>|  | 751000 | &nbsp;&nbsp; 779867 |
| Wells Fargo & Co., | Wells Fargo & Co., |  |  |
| &nbsp;&nbsp;&nbsp; 5.13% (SOFR + 0.78%), <br> 01/24/2028<sup>(d)</sup> <br>|  | 1714000 | &nbsp;&nbsp; 1717135 |
| &nbsp;&nbsp;&nbsp; 5.71%, 04/22/2028<sup>(c)</sup> <br>|  | 339000 | &nbsp;&nbsp; 345698 |
| &nbsp;&nbsp;&nbsp; 4.15%, 01/24/2029 |  | 330000 | &nbsp;&nbsp; 327183 |
| &nbsp;&nbsp;&nbsp; 5.72% (SOFR + 1.37%), <br> 04/23/2029<sup>(d)</sup> <br>|  | 2034000 | &nbsp;&nbsp; 2063608 |
| &nbsp;&nbsp;&nbsp; 5.57%, 07/25/2029<sup>(c)</sup> <br>|  | 91000 | &nbsp;&nbsp; 93715 |
| &nbsp;&nbsp;&nbsp; 6.30%, 10/23/2029<sup>(c)</sup> <br>|  | 127000 | &nbsp;&nbsp; 133670 |
| &nbsp;&nbsp;&nbsp; 5.20%, 01/23/2030<sup>(c)</sup> <br>|  | 150000 | &nbsp;&nbsp; 153222 |
| &nbsp;&nbsp;&nbsp; 5.15%, 04/23/2031<sup>(c)</sup> <br>|  | 3330000 | &nbsp;&nbsp; 3398884 |
| &nbsp;&nbsp;&nbsp; 5.39%, 04/24/2034<sup>(c)</sup> <br>|  | 55000 | &nbsp;&nbsp; 56293 |
| &nbsp;&nbsp;&nbsp; 5.56%, 07/25/2034<sup>(c)</sup> <br>|  | 211000 | &nbsp;&nbsp; 217818 |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/23/2035<sup>(c)</sup> <br>|  | 190000 | &nbsp;&nbsp; 194785 |
| &nbsp;&nbsp;&nbsp; 5.61%, 04/23/2036<sup>(c)</sup> <br>|  | 3576000 | &nbsp;&nbsp; 3684491 |
| &nbsp;&nbsp;&nbsp; 3.07%, 04/30/2041<sup>(c)</sup> <br>|  | 200000 | &nbsp;&nbsp; 150916 |
| &nbsp;&nbsp;&nbsp; 4.61%, 04/25/2053<sup>(c)</sup> <br>|  | 24000 | &nbsp;&nbsp; 20497 |
| &nbsp;&nbsp;&nbsp; 7.63%<sup>(c)(e)</sup> <br>|  | 91000 | &nbsp;&nbsp; 97093 |
| &nbsp;&nbsp;&nbsp; Series W, 4.90%, <br> 01/24/2028<sup>(c)</sup> <br>|  | 760000 | &nbsp;&nbsp; 764139 |
| &nbsp;&nbsp;&nbsp; Series BB, 3.90%<sup>(c)(e)</sup> <br>|  | 1586000 | &nbsp;&nbsp; 1572194 |
| Westpac Banking Corp. (Australia), | Westpac Banking Corp. (Australia), |  |  |
| &nbsp;&nbsp;&nbsp; 5.18% (SOFR + 0.82%), <br> 07/01/2030<sup>(d)</sup> <br>|  | 2955000 | &nbsp;&nbsp; 2976487 |
| &nbsp;&nbsp;&nbsp; 6.82%, 11/17/2033 |  | 354000 | &nbsp;&nbsp; 389722 |
| &nbsp;&nbsp;&nbsp; 5.62%, 11/20/2035<sup>(c)</sup> <br>|  | 787000 | &nbsp;&nbsp; 794075 |
|  |  |  | &nbsp;&nbsp; 262889276 |
| **Diversified Capital Markets–0.45%** | **Diversified Capital Markets–0.45%** | **Diversified Capital Markets–0.45%** | **Diversified Capital Markets–0.45%** |
| Deutsche Bank AG (Germany), | Deutsche Bank AG (Germany), |  |  |
| &nbsp;&nbsp;&nbsp; 5.37%, 01/10/2029<sup>(c)</sup> <br>|  | 1633000 | &nbsp;&nbsp; 1660415 |
| &nbsp;&nbsp;&nbsp; 6.82%, 11/20/2029<sup>(c)</sup> <br>|  | 150000 | &nbsp;&nbsp; 159691 |
| UBS Group AG (Switzerland), | UBS Group AG (Switzerland), |  |  |
| &nbsp;&nbsp;&nbsp; 5.71%, 01/12/2027<sup>(b)(c)</sup> <br>|  | 626000 | &nbsp;&nbsp; 628659 |
| &nbsp;&nbsp;&nbsp; 4.75%, 05/12/2028<sup>(b)(c)</sup> <br>|  | 756000 | &nbsp;&nbsp; 758694 |
| &nbsp;&nbsp;&nbsp; 5.43%, 02/08/2030<sup>(b)(c)</sup> <br>|  | 749000 | &nbsp;&nbsp; 768098 |
| &nbsp;&nbsp;&nbsp; 6.60%<sup>(b)(c)(e)</sup> <br>|  | 3599000 | &nbsp;&nbsp; 3599000 |
| &nbsp;&nbsp;&nbsp; 7.00%<sup>(b)(c)(e)</sup> <br>|  | 2649000 | &nbsp;&nbsp; 2649000 |
| &nbsp;&nbsp;&nbsp; 7.13%<sup>(b)(c)(e)</sup> <br>|  | 1381000 | &nbsp;&nbsp; 1402175 |
| &nbsp;&nbsp;&nbsp; 9.25%<sup>(b)(c)(e)</sup> <br>|  | 792000 | &nbsp;&nbsp; 930365 |
| &nbsp;&nbsp;&nbsp; 9.25%<sup>(b)(c)(e)</sup> <br>|  | 998000 | &nbsp;&nbsp; 1097831 |
|  |  |  | &nbsp;&nbsp; 13653928 |
| **Diversified Financial Services–0.88%** | **Diversified Financial Services–0.88%** | **Diversified Financial Services–0.88%** | **Diversified Financial Services–0.88%** |
| &nbsp;&nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap <br> Global Aviation Trust (Ireland), | &nbsp;&nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap <br> Global Aviation Trust (Ireland), |  |  |
| &nbsp;&nbsp;&nbsp; 5.10%, 01/19/2029 |  | 547000 | &nbsp;&nbsp; 555696 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/31/2056<sup>(c)</sup> <br>|  | 1609000 | &nbsp;&nbsp; 1632675 |
| &nbsp;&nbsp;&nbsp; Aircastle Ltd./Aircastle Ireland <br> DAC, 5.00%, 09/15/2030<sup>(b)</sup> <br>|  | 2076000 | &nbsp;&nbsp; 2073162 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Diversified Financial Services–(continued)** | **Diversified Financial Services–(continued)** | **Diversified Financial Services–(continued)** | **Diversified Financial Services–(continued)** |
| &nbsp;&nbsp;&nbsp; Apollo Global Management, Inc., <br> 6.38%, 11/15/2033<br>|  | $196000 | &nbsp;&nbsp; $213708 |
| Avolon Holdings Funding Ltd. (Ireland), | Avolon Holdings Funding Ltd. (Ireland), |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/15/2028<sup>(b)</sup> <br>|  | 1135000 | &nbsp;&nbsp; 1140530 |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/04/2028<sup>(b)</sup> <br>|  | 104000 | &nbsp;&nbsp; 108300 |
| BlackRock Funding, Inc., | BlackRock Funding, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.70%, 03/14/2029 |  | 110000 | &nbsp;&nbsp; 111874 |
| &nbsp;&nbsp;&nbsp; 4.90%, 01/08/2035 |  | 233000 | &nbsp;&nbsp; 234688 |
| &nbsp;&nbsp;&nbsp; 5.35%, 01/08/2055 |  | 100000 | &nbsp;&nbsp; 96512 |
| &nbsp;&nbsp;&nbsp; Citadel Finance LLC, 5.90%, <br> 02/10/2030<sup>(b)</sup> <br>|  | 2265000 | &nbsp;&nbsp; 2275506 |
| Citadel Securities Global Holdings LLC, | Citadel Securities Global Holdings LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/18/2030<sup>(b)</sup> <br>|  | 1249000 | &nbsp;&nbsp; 1260543 |
| &nbsp;&nbsp;&nbsp; 6.20%, 06/18/2035<sup>(b)</sup> <br>|  | 871000 | &nbsp;&nbsp; 888694 |
| Corebridge Financial, Inc., | Corebridge Financial, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 6.05%, 09/15/2033 |  | 162000 | &nbsp;&nbsp; 170494 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/2034 |  | 256000 | &nbsp;&nbsp; 265827 |
| &nbsp;&nbsp;&nbsp; Horizon Mutual Holdings, Inc., <br> 6.20%, 11/15/2034<sup>(b)</sup> <br>|  | 6000000 | &nbsp;&nbsp; 5832350 |
| LPL Holdings, Inc., | LPL Holdings, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.70%, 05/20/2027 |  | 530000 | &nbsp;&nbsp; 538889 |
| &nbsp;&nbsp;&nbsp; 5.20%, 03/15/2030 |  | 1661000 | &nbsp;&nbsp; 1681963 |
| &nbsp;&nbsp;&nbsp; 5.15%, 06/15/2030 |  | 1298000 | &nbsp;&nbsp; 1313472 |
| &nbsp;&nbsp;&nbsp; 5.65%, 03/15/2035 |  | 1722000 | &nbsp;&nbsp; 1728937 |
| &nbsp;&nbsp;&nbsp; 5.75%, 06/15/2035 |  | 957000 | &nbsp;&nbsp; 968318 |
| &nbsp;&nbsp;&nbsp; USAA Capital Corp., 4.38%, <br> 06/01/2028<sup>(b)</sup> <br>|  | 3852000 | &nbsp;&nbsp; 3862330 |
|  |  |  | &nbsp;&nbsp; 26954468 |
| **Diversified Metals & Mining–0.45%** | **Diversified Metals & Mining–0.45%** | **Diversified Metals & Mining–0.45%** | **Diversified Metals & Mining–0.45%** |
| &nbsp;&nbsp;&nbsp; BHP Billiton Finance (USA) Ltd. <br> (Australia), | &nbsp;&nbsp;&nbsp; BHP Billiton Finance (USA) Ltd. <br> (Australia), |  |  |
| &nbsp;&nbsp;&nbsp; 5.10%, 09/08/2028 |  | 274000 | &nbsp;&nbsp; 280264 |
| &nbsp;&nbsp;&nbsp; 5.25%, 09/08/2030 |  | 183000 | &nbsp;&nbsp; 189217 |
| &nbsp;&nbsp;&nbsp; 5.25%, 09/08/2033 |  | 691000 | &nbsp;&nbsp; 708173 |
| Glencore Funding LLC (Australia), | Glencore Funding LLC (Australia), |  |  |
| &nbsp;&nbsp;&nbsp; 4.91%, 04/01/2028<sup>(b)</sup> <br>|  | 2056000 | &nbsp;&nbsp; 2075927 |
| &nbsp;&nbsp;&nbsp; 5.37%, 04/04/2029<sup>(b)</sup> <br>|  | 265000 | &nbsp;&nbsp; 271481 |
| &nbsp;&nbsp;&nbsp; 5.19%, 04/01/2030<sup>(b)</sup> <br>|  | 1417000 | &nbsp;&nbsp; 1440503 |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/04/2034<sup>(b)</sup> <br>|  | 225000 | &nbsp;&nbsp; 229553 |
| &nbsp;&nbsp;&nbsp; 5.67%, 04/01/2035<sup>(b)</sup> <br>|  | 1427000 | &nbsp;&nbsp; 1452615 |
| &nbsp;&nbsp;&nbsp; 5.89%, 04/04/2054<sup>(b)</sup> <br>|  | 160000 | &nbsp;&nbsp; 157331 |
| &nbsp;&nbsp;&nbsp; 6.14%, 04/01/2055<sup>(b)</sup> <br>|  | 552000 | &nbsp;&nbsp; 560046 |
| &nbsp;&nbsp;&nbsp; Rio Tinto Alcan, Inc. (Canada), <br> 6.13%, 12/15/2033<br>|  | 400000 | &nbsp;&nbsp; 432612 |
| Rio Tinto Finance (USA) PLC (Australia), | Rio Tinto Finance (USA) PLC (Australia), |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/12/2027 |  | 993000 | &nbsp;&nbsp; 996144 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/14/2028 |  | 222000 | &nbsp;&nbsp; 223121 |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/14/2030 |  | 1305000 | &nbsp;&nbsp; 1325274 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/14/2032 |  | 851000 | &nbsp;&nbsp; 864781 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/14/2035 |  | 1053000 | &nbsp;&nbsp; 1069270 |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/14/2055 |  | 1020000 | &nbsp;&nbsp; 1021842 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/14/2065 |  | 500000 | &nbsp;&nbsp; 503454 |
|  |  |  | &nbsp;&nbsp; 13801608 |
| **Diversified REITs–0.04%** | **Diversified REITs–0.04%** | **Diversified REITs–0.04%** | **Diversified REITs–0.04%** |
| &nbsp;&nbsp;&nbsp; ERP Operating L.P., 4.95%, <br> 06/15/2032<br>|  | 1034000 | &nbsp;&nbsp; 1043140 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Diversified REITs–(continued)** | **Diversified REITs–(continued)** | **Diversified REITs–(continued)** | **Diversified REITs–(continued)** |
| VICI Properties L.P., | VICI Properties L.P., |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/01/2034 |  | $102000 | &nbsp;&nbsp; $104425 |
| &nbsp;&nbsp;&nbsp; 6.13%, 04/01/2054 |  | 94000 | &nbsp;&nbsp; 92201 |
|  |  |  | &nbsp;&nbsp; 1239766 |
| **Diversified Support Services–0.07%** | **Diversified Support Services–0.07%** | **Diversified Support Services–0.07%** | **Diversified Support Services–0.07%** |
| &nbsp;&nbsp;&nbsp; Element Fleet Management Corp. <br> (Canada), | &nbsp;&nbsp;&nbsp; Element Fleet Management Corp. <br> (Canada), |  |  |
| &nbsp;&nbsp;&nbsp; 6.32%, 12/04/2028<sup>(b)</sup> <br>|  | 156000 | &nbsp;&nbsp; 163919 |
| &nbsp;&nbsp;&nbsp; 5.04%, 03/25/2030<sup>(b)</sup> <br>|  | 1888000 | &nbsp;&nbsp; 1905133 |
|  |  |  | &nbsp;&nbsp; 2069052 |
| **Electric Utilities–2.30%** | **Electric Utilities–2.30%** | **Electric Utilities–2.30%** | **Electric Utilities–2.30%** |
| &nbsp;&nbsp;&nbsp; AEP Transmission Co. LLC, 5.38%, <br> 06/15/2035<br>|  | 573000 | &nbsp;&nbsp; 582748 |
| Alabama Power Co., | Alabama Power Co., |  |  |
| &nbsp;&nbsp;&nbsp; 5.85%, 11/15/2033 |  | 71000 | &nbsp;&nbsp; 75375 |
| &nbsp;&nbsp;&nbsp; 5.10%, 04/02/2035 |  | 410000 | &nbsp;&nbsp; 412403 |
| American Electric Power Co., Inc., | American Electric Power Co., Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/01/2027 |  | 48000 | &nbsp;&nbsp; 49266 |
| &nbsp;&nbsp;&nbsp; 5.20%, 01/15/2029 |  | 193000 | &nbsp;&nbsp; 197278 |
| &nbsp;&nbsp;&nbsp; Baltimore Gas and Electric Co., <br> 5.45%, 06/01/2035<br>|  | 1208000 | &nbsp;&nbsp; 1239398 |
| &nbsp;&nbsp;&nbsp; Capital Power (US Holdings), Inc. <br> (Canada), | &nbsp;&nbsp;&nbsp; Capital Power (US Holdings), Inc. <br> (Canada), |  |  |
| &nbsp;&nbsp;&nbsp; 5.26%, 06/01/2028<sup>(b)</sup> <br>|  | 1540000 | &nbsp;&nbsp; 1556770 |
| &nbsp;&nbsp;&nbsp; 6.19%, 06/01/2035<sup>(b)</sup> <br>|  | 2296000 | &nbsp;&nbsp; 2363668 |
| &nbsp;&nbsp;&nbsp; CenterPoint Energy Houston <br> Electric LLC, | &nbsp;&nbsp;&nbsp; CenterPoint Energy Houston <br> Electric LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/15/2030 |  | 1045000 | &nbsp;&nbsp; 1058596 |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/01/2035 |  | 355000 | &nbsp;&nbsp; 353333 |
| Commonwealth Edison Co., | Commonwealth Edison Co., |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 08/15/2028 |  | 400000 | &nbsp;&nbsp; 393341 |
| &nbsp;&nbsp;&nbsp; 5.95%, 06/01/2055 |  | 899000 | &nbsp;&nbsp; 932958 |
| Connecticut Light and Power Co. (The), | Connecticut Light and Power Co. (The), |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 08/15/2034 |  | 126000 | &nbsp;&nbsp; 125679 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/15/2053 |  | 35000 | &nbsp;&nbsp; 32717 |
| &nbsp;&nbsp;&nbsp; Consolidated Edison Co. of New York, <br> Inc., | &nbsp;&nbsp;&nbsp; Consolidated Edison Co. of New York, <br> Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/15/2034 |  | 105000 | &nbsp;&nbsp; 109132 |
| &nbsp;&nbsp;&nbsp; 5.90%, 11/15/2053 |  | 123000 | &nbsp;&nbsp; 125393 |
| Constellation Energy Generation LLC, | Constellation Energy Generation LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 01/15/2034 |  | 72000 | &nbsp;&nbsp; 77479 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/01/2053 |  | 53000 | &nbsp;&nbsp; 57372 |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/15/2054 |  | 210000 | &nbsp;&nbsp; 206288 |
| DTE Electric Co., | DTE Electric Co., |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 03/01/2034 |  | 165000 | &nbsp;&nbsp; 168685 |
| &nbsp;&nbsp;&nbsp; 5.85%, 05/15/2055 |  | 532000 | &nbsp;&nbsp; 556591 |
| Duke Energy Carolinas LLC, | Duke Energy Carolinas LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 4.85%, 03/15/2030 |  | 706000 | &nbsp;&nbsp; 718905 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/15/2035 |  | 1151000 | &nbsp;&nbsp; 1175655 |
| &nbsp;&nbsp;&nbsp; 5.35%, 01/15/2053 |  | 55000 | &nbsp;&nbsp; 52444 |
| Duke Energy Corp., | Duke Energy Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.85%, 01/05/2029 |  | 199000 | &nbsp;&nbsp; 201373 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/2052 |  | 29000 | &nbsp;&nbsp; 25326 |
| Duke Energy Indiana LLC, | Duke Energy Indiana LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 5.40%, 04/01/2053 |  | 52000 | &nbsp;&nbsp; 49474 |
| &nbsp;&nbsp;&nbsp; 5.90%, 05/15/2055 |  | 620000 | &nbsp;&nbsp; 635159 |
| Electricite de France S.A. (France), | Electricite de France S.A. (France), |  |  |
| &nbsp;&nbsp;&nbsp; 5.70%, 05/23/2028<sup>(b)</sup> <br>|  | 627000 | &nbsp;&nbsp; 644741 |
| &nbsp;&nbsp;&nbsp; 6.38%, 01/13/2055<sup>(b)</sup> <br>|  | 3666000 | &nbsp;&nbsp; 3711720 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Electric Utilities–(continued)** | **Electric Utilities–(continued)** | **Electric Utilities–(continued)** | **Electric Utilities–(continued)** |
| &nbsp;&nbsp;&nbsp; Enel Finance International N.V. <br> (Italy), 7.05%, 10/14/2025<sup>(b)</sup> <br>|  | $733000 | &nbsp;&nbsp; $735906 |
| Entergy Louisiana LLC, | Entergy Louisiana LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 09/15/2034 |  | 309000 | &nbsp;&nbsp; 311099 |
| &nbsp;&nbsp;&nbsp; 5.80%, 03/15/2055 |  | 548000 | &nbsp;&nbsp; 547131 |
| Entergy Texas, Inc., | Entergy Texas, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/15/2035 |  | 755000 | &nbsp;&nbsp; 762884 |
| &nbsp;&nbsp;&nbsp; 5.55%, 09/15/2054 |  | 259000 | &nbsp;&nbsp; 247347 |
| &nbsp;&nbsp;&nbsp; Evergy Metro, Inc., 4.95%, <br> 04/15/2033<br>|  | 72000 | &nbsp;&nbsp; 72260 |
| Exelon Corp., | Exelon Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 03/15/2029 |  | 218000 | &nbsp;&nbsp; 223027 |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/15/2031 |  | 2079000 | &nbsp;&nbsp; 2122478 |
| &nbsp;&nbsp;&nbsp; 5.45%, 03/15/2034 |  | 183000 | &nbsp;&nbsp; 187638 |
| &nbsp;&nbsp;&nbsp; 5.60%, 03/15/2053 |  | 156000 | &nbsp;&nbsp; 148960 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/2055 |  | 1266000 | &nbsp;&nbsp; 1258503 |
| &nbsp;&nbsp;&nbsp; FirstEnergy Pennsylvania Electric <br> Co., 5.20%, 04/01/2028<sup>(b)</sup> <br>|  | 28000 | &nbsp;&nbsp; 28521 |
| FirstEnergy Transmission LLC, | FirstEnergy Transmission LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 4.55%, 01/15/2030 |  | 649000 | &nbsp;&nbsp; 648081 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/2035 |  | 357000 | &nbsp;&nbsp; 353194 |
| Florida Power & Light Co., | Florida Power & Light Co., |  |  |
| &nbsp;&nbsp;&nbsp; 4.80%, 05/15/2033 |  | 51000 | &nbsp;&nbsp; 50958 |
| &nbsp;&nbsp;&nbsp; 5.80%, 03/15/2065 |  | 435000 | &nbsp;&nbsp; 441844 |
| Georgia Power Co., | Georgia Power Co., |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 05/16/2028 |  | 53000 | &nbsp;&nbsp; 53474 |
| &nbsp;&nbsp;&nbsp; 4.95%, 05/17/2033 |  | 64000 | &nbsp;&nbsp; 64329 |
| MidAmerican Energy Co., | MidAmerican Energy Co., |  |  |
| &nbsp;&nbsp;&nbsp; 5.35%, 01/15/2034 |  | 57000 | &nbsp;&nbsp; 58834 |
| &nbsp;&nbsp;&nbsp; 5.85%, 09/15/2054 |  | 65000 | &nbsp;&nbsp; 66468 |
| &nbsp;&nbsp;&nbsp; 5.30%, 02/01/2055 |  | 156000 | &nbsp;&nbsp; 147865 |
| &nbsp;&nbsp;&nbsp; National Rural Utilities Cooperative <br> Finance Corp., | &nbsp;&nbsp;&nbsp; National Rural Utilities Cooperative <br> Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.12%, 09/16/2027 |  | 1838000 | &nbsp;&nbsp; 1832372 |
| &nbsp;&nbsp;&nbsp; 4.85%, 02/07/2029 |  | 373000 | &nbsp;&nbsp; 379100 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/07/2031 |  | 350000 | &nbsp;&nbsp; 357801 |
| &nbsp;&nbsp;&nbsp; 5.80%, 01/15/2033 |  | 26000 | &nbsp;&nbsp; 27560 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/2034 |  | 1196000 | &nbsp;&nbsp; 1198757 |
| &nbsp;&nbsp;&nbsp; 7.13%, 09/15/2053<sup>(c)</sup> <br>|  | 835000 | &nbsp;&nbsp; 875649 |
| NextEra Energy Capital Holdings, Inc., | NextEra Energy Capital Holdings, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 07/15/2027 |  | 71000 | &nbsp;&nbsp; 71271 |
| &nbsp;&nbsp;&nbsp; 4.69%, 09/01/2027 |  | 6427000 | &nbsp;&nbsp; 6460408 |
| &nbsp;&nbsp;&nbsp; 4.85%, 02/04/2028 |  | 337000 | &nbsp;&nbsp; 340643 |
| &nbsp;&nbsp;&nbsp; 4.90%, 03/15/2029 |  | 568000 | &nbsp;&nbsp; 576137 |
| Niagara Mohawk Power Corp., | Niagara Mohawk Power Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 10/03/2030<sup>(b)</sup> <br>|  | 3525000 | &nbsp;&nbsp; 3502244 |
| &nbsp;&nbsp;&nbsp; 5.29%, 01/17/2034<sup>(b)</sup> <br>|  | 155000 | &nbsp;&nbsp; 155588 |
| Northern States Power Co., | Northern States Power Co., |  |  |
| &nbsp;&nbsp;&nbsp; 5.05%, 05/15/2035 |  | 1618000 | &nbsp;&nbsp; 1627931 |
| &nbsp;&nbsp;&nbsp; 5.65%, 05/15/2055 |  | 1293000 | &nbsp;&nbsp; 1296002 |
| &nbsp;&nbsp;&nbsp; OGE Energy Corp., 5.45%, <br> 05/15/2029<br>|  | 800000 | &nbsp;&nbsp; 824696 |
| &nbsp;&nbsp;&nbsp; Oglethorpe Power Corp., 5.90%, <br> 02/01/2055<br>|  | 438000 | &nbsp;&nbsp; 431599 |
| &nbsp;&nbsp;&nbsp; Ohio Power Co., 5.65%, <br> 06/01/2034<br>|  | 308000 | &nbsp;&nbsp; 317238 |
| &nbsp;&nbsp;&nbsp; Oklahoma Gas and Electric Co., <br> 5.60%, 04/01/2053<br>|  | 882000 | &nbsp;&nbsp; 857891 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Electric Utilities–(continued)** | **Electric Utilities–(continued)** | **Electric Utilities–(continued)** | **Electric Utilities–(continued)** |
| Oncor Electric Delivery Co. LLC, | Oncor Electric Delivery Co. LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/20/2027<sup>(b)</sup> <br>|  | $2068000 | &nbsp;&nbsp; $2074177 |
| &nbsp;&nbsp;&nbsp; 4.65%, 11/01/2029 |  | 1232000 | &nbsp;&nbsp; 1243664 |
| &nbsp;&nbsp;&nbsp; 4.15%, 06/01/2032 |  | 110000 | &nbsp;&nbsp; 106045 |
| &nbsp;&nbsp;&nbsp; 4.55%, 09/15/2032 |  | 110000 | &nbsp;&nbsp; 108559 |
| &nbsp;&nbsp;&nbsp; 5.65%, 11/15/2033 |  | 158000 | &nbsp;&nbsp; 166144 |
| &nbsp;&nbsp;&nbsp; 5.80%, 04/01/2055<sup>(b)</sup> <br>|  | 1627000 | &nbsp;&nbsp; 1637163 |
| Pacific Gas and Electric Co., | Pacific Gas and Electric Co., |  |  |
| &nbsp;&nbsp;&nbsp; 6.10%, 01/15/2029 |  | 110000 | &nbsp;&nbsp; 113800 |
| &nbsp;&nbsp;&nbsp; 5.55%, 05/15/2029 |  | 110000 | &nbsp;&nbsp; 112168 |
| &nbsp;&nbsp;&nbsp; 3.25%, 06/01/2031 |  | 440000 | &nbsp;&nbsp; 397790 |
| &nbsp;&nbsp;&nbsp; 4.40%, 03/01/2032 |  | 220000 | &nbsp;&nbsp; 209151 |
| &nbsp;&nbsp;&nbsp; 6.70%, 04/01/2053 |  | 110000 | &nbsp;&nbsp; 112899 |
| PacifiCorp, | PacifiCorp, |  |  |
| &nbsp;&nbsp;&nbsp; 5.10%, 02/15/2029 |  | 231000 | &nbsp;&nbsp; 234978 |
| &nbsp;&nbsp;&nbsp; 5.30%, 02/15/2031 |  | 192000 | &nbsp;&nbsp; 197178 |
| &nbsp;&nbsp;&nbsp; 5.45%, 02/15/2034 |  | 217000 | &nbsp;&nbsp; 218903 |
| &nbsp;&nbsp;&nbsp; 5.80%, 01/15/2055 |  | 133000 | &nbsp;&nbsp; 126612 |
| Pinnacle West Capital Corp., | Pinnacle West Capital Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.90%, 05/15/2028 |  | 395000 | &nbsp;&nbsp; 398692 |
| &nbsp;&nbsp;&nbsp; 5.15%, 05/15/2030 |  | 970000 | &nbsp;&nbsp; 989375 |
| &nbsp;&nbsp;&nbsp; PPL Capital Funding, Inc., 5.25%, <br> 09/01/2034<br>|  | 171000 | &nbsp;&nbsp; 172530 |
| &nbsp;&nbsp;&nbsp; PSEG Power LLC, 5.20%, <br> 05/15/2030<sup>(b)</sup> <br>|  | 1697000 | &nbsp;&nbsp; 1734769 |
| Public Service Co. of Colorado, | Public Service Co. of Colorado, |  |  |
| &nbsp;&nbsp;&nbsp; 5.35%, 05/15/2034 |  | 200000 | &nbsp;&nbsp; 202959 |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/01/2053 |  | 46000 | &nbsp;&nbsp; 42260 |
| Public Service Co. of New Hampshire, | Public Service Co. of New Hampshire, |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 07/01/2028 |  | 4549000 | &nbsp;&nbsp; 4561659 |
| &nbsp;&nbsp;&nbsp; 5.35%, 10/01/2033 |  | 76000 | &nbsp;&nbsp; 78448 |
| San Diego Gas & Electric Co., | San Diego Gas & Electric Co., |  |  |
| &nbsp;&nbsp;&nbsp; 5.35%, 04/01/2053 |  | 87000 | &nbsp;&nbsp; 81030 |
| &nbsp;&nbsp;&nbsp; 5.55%, 04/15/2054 |  | 312000 | &nbsp;&nbsp; 299750 |
| &nbsp;&nbsp;&nbsp; Sierra Pacific Power Co., 5.90%, <br> 03/15/2054<br>|  | 40000 | &nbsp;&nbsp; 39942 |
| Southern California Edison Co., | Southern California Edison Co., |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 02/01/2032 |  | 110000 | &nbsp;&nbsp; 95411 |
| &nbsp;&nbsp;&nbsp; 3.65%, 02/01/2050 |  | 700000 | &nbsp;&nbsp; 477901 |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/15/2054 |  | 110000 | &nbsp;&nbsp; 101135 |
| Southern Co. (The), | Southern Co. (The), |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 10/06/2025 |  | 43000 | &nbsp;&nbsp; 43016 |
| &nbsp;&nbsp;&nbsp; 5.70%, 10/15/2032 |  | 29000 | &nbsp;&nbsp; 30434 |
| &nbsp;&nbsp;&nbsp; 4.85%, 03/15/2035 |  | 469000 | &nbsp;&nbsp; 456761 |
| &nbsp;&nbsp;&nbsp; Southwestern Electric Power Co., <br> 5.30%, 04/01/2033<br>|  | 68000 | &nbsp;&nbsp; 68609 |
| &nbsp;&nbsp;&nbsp; Southwestern Public Service Co., <br> 6.00%, 06/01/2054<br>|  | 200000 | &nbsp;&nbsp; 201291 |
| &nbsp;&nbsp;&nbsp; Trans-Allegheny Interstate Line <br> Co., 5.00%, 01/15/2031<sup>(b)</sup> <br>|  | 885000 | &nbsp;&nbsp; 897198 |
| &nbsp;&nbsp;&nbsp; Tucson Electric Power Co., 5.20%, <br> 09/15/2034<br>|  | 200000 | &nbsp;&nbsp; 200849 |
| Union Electric Co., | Union Electric Co., |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 04/01/2034 |  | 453000 | &nbsp;&nbsp; 459208 |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/15/2035 |  | 1025000 | &nbsp;&nbsp; 1040611 |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/15/2055 |  | 348000 | &nbsp;&nbsp; 318369 |
| &nbsp;&nbsp;&nbsp; Virginia Electric & Power Co., <br> 5.00%, 04/01/2033<br>|  | 62000 | &nbsp;&nbsp; 62498 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Electric Utilities–(continued)** | **Electric Utilities–(continued)** | **Electric Utilities–(continued)** | **Electric Utilities–(continued)** |
| Vistra Operations Co. LLC, | Vistra Operations Co. LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 5.05%, 12/30/2026<sup>(b)</sup> <br>|  | $772000 | &nbsp;&nbsp; $773908 |
| &nbsp;&nbsp;&nbsp; 6.95%, 10/15/2033<sup>(b)</sup> <br>|  | 122000 | &nbsp;&nbsp; 134225 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/2034<sup>(b)</sup> <br>|  | 218000 | &nbsp;&nbsp; 226454 |
| &nbsp;&nbsp;&nbsp; 5.70%, 12/30/2034<sup>(b)</sup> <br>|  | 769000 | &nbsp;&nbsp; 783546 |
| Xcel Energy, Inc., | Xcel Energy, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/21/2028 |  | 412000 | &nbsp;&nbsp; 414640 |
| &nbsp;&nbsp;&nbsp; 3.40%, 06/01/2030 |  | 110000 | &nbsp;&nbsp; 104326 |
|  |  |  | &nbsp;&nbsp; 70103990 |
| **Electrical Components & Equipment–0.10%** | **Electrical Components & Equipment–0.10%** | **Electrical Components & Equipment–0.10%** | **Electrical Components & Equipment–0.10%** |
| Molex Electronic Technologies LLC, | Molex Electronic Technologies LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/30/2028<sup>(b)</sup> <br>|  | 1592000 | &nbsp;&nbsp; 1593986 |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/30/2032<sup>(b)</sup> <br>|  | 1510000 | &nbsp;&nbsp; 1515416 |
|  |  |  | &nbsp;&nbsp; 3109402 |
| **Electronic Components–0.22%** | **Electronic Components–0.22%** | **Electronic Components–0.22%** | **Electronic Components–0.22%** |
| Amphenol Corp., | Amphenol Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 06/12/2028 |  | 5814000 | &nbsp;&nbsp; 5829239 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/2035 |  | 581000 | &nbsp;&nbsp; 583882 |
| &nbsp;&nbsp;&nbsp; 5.38%, 11/15/2054 |  | 287000 | &nbsp;&nbsp; 279013 |
|  |  |  | &nbsp;&nbsp; 6692134 |
| **Electronic Equipment & Instruments–0.05%** | **Electronic Equipment & Instruments–0.05%** | **Electronic Equipment & Instruments–0.05%** | **Electronic Equipment & Instruments–0.05%** |
| &nbsp;&nbsp;&nbsp; Keysight Technologies, Inc., <br> 5.35%, 07/30/2030<br>|  | 1565000 | &nbsp;&nbsp; 1610122 |
| **Electronic Manufacturing Services–0.00%** | **Electronic Manufacturing Services–0.00%** | **Electronic Manufacturing Services–0.00%** | **Electronic Manufacturing Services–0.00%** |
| Jabil, Inc., 3.00%, 01/15/2031 |  | 100000 | &nbsp;&nbsp; 90910 |
| **Environmental & Facilities Services–0.09%** | **Environmental & Facilities Services–0.09%** | **Environmental & Facilities Services–0.09%** | **Environmental & Facilities Services–0.09%** |
| Republic Services, Inc., | Republic Services, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 04/01/2029 |  | 264000 | &nbsp;&nbsp; 269131 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/15/2033 |  | 173000 | &nbsp;&nbsp; 175774 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/01/2034 |  | 29000 | &nbsp;&nbsp; 29307 |
| Rollins, Inc., 5.25%, 02/24/2035 |  | 586000 | &nbsp;&nbsp; 585772 |
| Veralto Corp., | Veralto Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/18/2026 |  | 520000 | &nbsp;&nbsp; 524696 |
| &nbsp;&nbsp;&nbsp; 5.35%, 09/18/2028 |  | 165000 | &nbsp;&nbsp; 169281 |
| &nbsp;&nbsp;&nbsp; Waste Management, Inc., 5.35%, <br> 10/15/2054<br>|  | 1066000 | &nbsp;&nbsp; 1031627 |
|  |  |  | &nbsp;&nbsp; 2785588 |
| **Financial Exchanges & Data–0.02%** | **Financial Exchanges & Data–0.02%** | **Financial Exchanges & Data–0.02%** | **Financial Exchanges & Data–0.02%** |
| Intercontinental Exchange, Inc., | Intercontinental Exchange, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 09/01/2028 |  | 110000 | &nbsp;&nbsp; 107740 |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/15/2031 |  | 110000 | &nbsp;&nbsp; 113750 |
| &nbsp;&nbsp;&nbsp; 4.60%, 03/15/2033 |  | 22000 | &nbsp;&nbsp; 21845 |
| &nbsp;&nbsp;&nbsp; 4.95%, 06/15/2052 |  | 24000 | &nbsp;&nbsp; 21542 |
| &nbsp;&nbsp;&nbsp; 5.20%, 06/15/2062 |  | 50000 | &nbsp;&nbsp; 46500 |
| Nasdaq, Inc., | Nasdaq, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.35%, 06/28/2028 |  | 45000 | &nbsp;&nbsp; 46223 |
| &nbsp;&nbsp;&nbsp; 5.55%, 02/15/2034 |  | 53000 | &nbsp;&nbsp; 55008 |
| &nbsp;&nbsp;&nbsp; 5.95%, 08/15/2053 |  | 19000 | &nbsp;&nbsp; 19324 |
| &nbsp;&nbsp;&nbsp; 6.10%, 06/28/2063 |  | 46000 | &nbsp;&nbsp; 46988 |
|  |  |  | &nbsp;&nbsp; 478920 |
| **Food Distributors–0.43%** | **Food Distributors–0.43%** | **Food Distributors–0.43%** | **Food Distributors–0.43%** |
| Bunge Ltd. Finance Corp., | Bunge Ltd. Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.55%, 08/04/2030 |  | 9154000 | &nbsp;&nbsp; 9138880 |
| &nbsp;&nbsp;&nbsp; 5.15%, 08/04/2035 |  | 3193000 | &nbsp;&nbsp; 3186344 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Food Distributors–(continued)** | **Food Distributors–(continued)** | **Food Distributors–(continued)** | **Food Distributors–(continued)** |
| Sysco Corp., 5.10%, 09/23/2030 |  | $679000 | &nbsp;&nbsp; $693648 |
|  |  |  | &nbsp;&nbsp; 13018872 |
| **Food Retail–0.06%** | **Food Retail–0.06%** | **Food Retail–0.06%** | **Food Retail–0.06%** |
| Kroger Co. (The), | Kroger Co. (The), |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/15/2034 |  | 874000 | &nbsp;&nbsp; 865006 |
| &nbsp;&nbsp;&nbsp; 5.65%, 09/15/2064 |  | 999000 | &nbsp;&nbsp; 943097 |
|  |  |  | &nbsp;&nbsp; 1808103 |
| **Forest Products–0.11%** | **Forest Products–0.11%** | **Forest Products–0.11%** | **Forest Products–0.11%** |
| Georgia-Pacific LLC, | Georgia-Pacific LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 06/30/2028<sup>(b)</sup> <br>|  | 1865000 | &nbsp;&nbsp; 1868908 |
| &nbsp;&nbsp;&nbsp; 4.95%, 06/30/2032<sup>(b)</sup> <br>|  | 1446000 | &nbsp;&nbsp; 1456936 |
|  |  |  | &nbsp;&nbsp; 3325844 |
| **Gas Utilities–0.44%** | **Gas Utilities–0.44%** | **Gas Utilities–0.44%** | **Gas Utilities–0.44%** |
| Atmos Energy Corp., | Atmos Energy Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.90%, 11/15/2033 |  | 86000 | &nbsp;&nbsp; 92031 |
| &nbsp;&nbsp;&nbsp; 5.20%, 08/15/2035 |  | 4024000 | &nbsp;&nbsp; 4054820 |
| &nbsp;&nbsp;&nbsp; 6.20%, 11/15/2053 |  | 58000 | &nbsp;&nbsp; 62289 |
| &nbsp;&nbsp;&nbsp; CenterPoint Energy Resources <br> Corp., 1.75%, 10/01/2030<br>|  | 440000 | &nbsp;&nbsp; 383259 |
| &nbsp;&nbsp;&nbsp; Piedmont Natural Gas Co., Inc., <br> 5.40%, 06/15/2033<br>|  | 75000 | &nbsp;&nbsp; 76751 |
| Snam S.p.A. (Italy), | Snam S.p.A. (Italy), |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/28/2030<sup>(b)</sup> <br>|  | 2245000 | &nbsp;&nbsp; 2258825 |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/28/2035<sup>(b)</sup> <br>|  | 2369000 | &nbsp;&nbsp; 2430123 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/28/2055<sup>(b)</sup> <br>|  | 2199000 | &nbsp;&nbsp; 2286034 |
| Southern California Gas Co., | Southern California Gas Co., |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 04/15/2027 |  | 110000 | &nbsp;&nbsp; 107482 |
| &nbsp;&nbsp;&nbsp; 5.20%, 06/01/2033 |  | 110000 | &nbsp;&nbsp; 111615 |
| &nbsp;&nbsp;&nbsp; 5.75%, 06/01/2053 |  | 200000 | &nbsp;&nbsp; 196655 |
| &nbsp;&nbsp;&nbsp; Southern Natural Gas Co., L.L.C., <br> 5.45%, 08/01/2035<sup>(b)</sup> <br>|  | 1171000 | &nbsp;&nbsp; 1173610 |
| &nbsp;&nbsp;&nbsp; Southwest Gas Corp., 5.45%, <br> 03/23/2028<br>|  | 46000 | &nbsp;&nbsp; 47034 |
|  |  |  | &nbsp;&nbsp; 13280528 |
| **Health Care Distributors–0.42%** | **Health Care Distributors–0.42%** | **Health Care Distributors–0.42%** | **Health Care Distributors–0.42%** |
| &nbsp;&nbsp;&nbsp; Cardinal Health, Inc., 5.45%, <br> 02/15/2034<br>|  | 136000 | &nbsp;&nbsp; 139230 |
| &nbsp;&nbsp;&nbsp; Cencora, Inc., 5.13%, <br> 02/15/2034<br>|  | 129000 | &nbsp;&nbsp; 129637 |
| McKesson Corp., | McKesson Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 09/15/2029 |  | 430000 | &nbsp;&nbsp; 428418 |
| &nbsp;&nbsp;&nbsp; 4.65%, 05/30/2030 |  | 4753000 | &nbsp;&nbsp; 4782400 |
| &nbsp;&nbsp;&nbsp; 4.95%, 05/30/2032 |  | 2860000 | &nbsp;&nbsp; 2884744 |
| &nbsp;&nbsp;&nbsp; 5.10%, 07/15/2033 |  | 49000 | &nbsp;&nbsp; 49898 |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/30/2035 |  | 4426000 | &nbsp;&nbsp; 4478965 |
|  |  |  | &nbsp;&nbsp; 12893292 |
| **Health Care Equipment–0.27%** | **Health Care Equipment–0.27%** | **Health Care Equipment–0.27%** | **Health Care Equipment–0.27%** |
| &nbsp;&nbsp;&nbsp; Becton, Dickinson and Co., 4.69%, <br> 02/13/2028<br>|  | 40000 | &nbsp;&nbsp; 40325 |
| &nbsp;&nbsp;&nbsp; GE HealthCare Technologies, Inc., <br> 4.80%, 01/15/2031<br>|  | 2959000 | &nbsp;&nbsp; 2974961 |
| Smith & Nephew PLC (United Kingdom), | Smith & Nephew PLC (United Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 03/20/2027 |  | 649000 | &nbsp;&nbsp; 655886 |
| &nbsp;&nbsp;&nbsp; 5.40%, 03/20/2034 |  | 438000 | &nbsp;&nbsp; 444672 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Health Care Equipment–(continued)** | **Health Care Equipment–(continued)** | **Health Care Equipment–(continued)** | **Health Care Equipment–(continued)** |
| Stryker Corp., | Stryker Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.55%, 02/10/2027 |  | $1090000 | &nbsp;&nbsp; $1093719 |
| &nbsp;&nbsp;&nbsp; 4.70%, 02/10/2028 |  | 429000 | &nbsp;&nbsp; 433076 |
| &nbsp;&nbsp;&nbsp; 3.65%, 03/07/2028 |  | 200000 | &nbsp;&nbsp; 197055 |
| &nbsp;&nbsp;&nbsp; 4.25%, 09/11/2029 |  | 993000 | &nbsp;&nbsp; 988052 |
| &nbsp;&nbsp;&nbsp; 4.85%, 02/10/2030 |  | 1438000 | &nbsp;&nbsp; 1462534 |
|  |  |  | &nbsp;&nbsp; 8290280 |
| **Health Care Facilities–0.08%** | **Health Care Facilities–0.08%** | **Health Care Facilities–0.08%** | **Health Care Facilities–0.08%** |
| &nbsp;&nbsp;&nbsp; Adventist Health System, 5.76%, <br> 12/01/2034<br>|  | 205000 | &nbsp;&nbsp; 205058 |
| &nbsp;&nbsp;&nbsp; Sutter Health, Series 2025, <br> 5.54%, 08/15/2035<br>|  | 100000 | &nbsp;&nbsp; 102657 |
| Universal Health Services, Inc., | Universal Health Services, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 10/15/2029 |  | 874000 | &nbsp;&nbsp; 862017 |
| &nbsp;&nbsp;&nbsp; 5.05%, 10/15/2034 |  | 1134000 | &nbsp;&nbsp; 1078447 |
| UPMC, | UPMC, |  |  |
| &nbsp;&nbsp;&nbsp; 5.04%, 05/15/2033 |  | 204000 | &nbsp;&nbsp; 204369 |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/15/2043 |  | 121000 | &nbsp;&nbsp; 115470 |
|  |  |  | &nbsp;&nbsp; 2568018 |
| **Health Care REITs–0.11%** | **Health Care REITs–0.11%** | **Health Care REITs–0.11%** | **Health Care REITs–0.11%** |
| Alexandria Real Estate Equities, Inc., | Alexandria Real Estate Equities, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/15/2036 |  | 77000 | &nbsp;&nbsp; 75869 |
| &nbsp;&nbsp;&nbsp; 5.63%, 05/15/2054 |  | 335000 | &nbsp;&nbsp; 314674 |
| &nbsp;&nbsp;&nbsp; Healthpeak OP LLC, 5.38%, <br> 02/15/2035<br>|  | 425000 | &nbsp;&nbsp; 429029 |
| &nbsp;&nbsp;&nbsp; Omega Healthcare Investors, Inc., <br> 5.20%, 07/01/2030<br>|  | 2541000 | &nbsp;&nbsp; 2550363 |
|  |  |  | &nbsp;&nbsp; 3369935 |
| **Health Care Services–0.48%** | **Health Care Services–0.48%** | **Health Care Services–0.48%** | **Health Care Services–0.48%** |
| CommonSpirit Health, | CommonSpirit Health, |  |  |
| &nbsp;&nbsp;&nbsp; 2.78%, 10/01/2030 |  | 200000 | &nbsp;&nbsp; 182549 |
| &nbsp;&nbsp;&nbsp; 5.21%, 12/01/2031 |  | 4427000 | &nbsp;&nbsp; 4521257 |
| &nbsp;&nbsp;&nbsp; 5.32%, 12/01/2034 |  | 726000 | &nbsp;&nbsp; 730142 |
| &nbsp;&nbsp;&nbsp; 5.55%, 12/01/2054 |  | 215000 | &nbsp;&nbsp; 202756 |
| CVS Health Corp., | CVS Health Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 04/01/2027 |  | 220000 | &nbsp;&nbsp; 216953 |
| &nbsp;&nbsp;&nbsp; 6.25%, 06/01/2027 |  | 110000 | &nbsp;&nbsp; 113351 |
| &nbsp;&nbsp;&nbsp; 4.30%, 03/25/2028 |  | 110000 | &nbsp;&nbsp; 109300 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/30/2029 |  | 202000 | &nbsp;&nbsp; 204746 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/21/2030 |  | 220000 | &nbsp;&nbsp; 223614 |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/01/2030 |  | 110000 | &nbsp;&nbsp; 105424 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/30/2031 |  | 26000 | &nbsp;&nbsp; 26473 |
| &nbsp;&nbsp;&nbsp; 2.13%, 09/15/2031 |  | 440000 | &nbsp;&nbsp; 375484 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/01/2063 |  | 33000 | &nbsp;&nbsp; 31542 |
| HCA, Inc., | HCA, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 03/15/2027 |  | 110000 | &nbsp;&nbsp; 107575 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/2028 |  | 580000 | &nbsp;&nbsp; 586517 |
| &nbsp;&nbsp;&nbsp; 5.45%, 04/01/2031 |  | 110000 | &nbsp;&nbsp; 113097 |
| &nbsp;&nbsp;&nbsp; 5.45%, 09/15/2034 |  | 279000 | &nbsp;&nbsp; 280272 |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/01/2035 |  | 1027000 | &nbsp;&nbsp; 1052336 |
| &nbsp;&nbsp;&nbsp; 5.90%, 06/01/2053 |  | 81000 | &nbsp;&nbsp; 77735 |
| &nbsp;&nbsp;&nbsp; 5.95%, 09/15/2054 |  | 440000 | &nbsp;&nbsp; 424717 |
| &nbsp;&nbsp;&nbsp; 6.20%, 03/01/2055 |  | 414000 | &nbsp;&nbsp; 413417 |
| Icon Investments Six DAC, | Icon Investments Six DAC, |  |  |
| &nbsp;&nbsp;&nbsp; 5.81%, 05/08/2027 |  | 1130000 | &nbsp;&nbsp; 1149098 |
| &nbsp;&nbsp;&nbsp; 5.85%, 05/08/2029 |  | 1029000 | &nbsp;&nbsp; 1067411 |
| &nbsp;&nbsp;&nbsp; 6.00%, 05/08/2034 |  | 953000 | &nbsp;&nbsp; 975758 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Health Care Services–(continued)** | **Health Care Services–(continued)** | **Health Care Services–(continued)** | **Health Care Services–(continued)** |
| &nbsp;&nbsp;&nbsp; Laboratory Corp. of America <br> Holdings, 4.35%, 04/01/2030<br>|  | $1187000 | &nbsp;&nbsp; $1175062 |
| &nbsp;&nbsp;&nbsp; Piedmont Healthcare, Inc., 2.86%, <br> 01/01/2052<br>|  | 107000 | &nbsp;&nbsp; 66379 |
| &nbsp;&nbsp;&nbsp; Providence St. Joseph Health <br> Obligated Group, Series 21-A, <br> 2.70%, 10/01/2051<br>|  | 165000 | &nbsp;&nbsp; 94933 |
| &nbsp;&nbsp;&nbsp; Quest Diagnostics, Inc., 6.40%, <br> 11/30/2033<br>|  | 98000 | &nbsp;&nbsp; 107239 |
|  |  |  | &nbsp;&nbsp; 14735137 |
| **Health Care Supplies–0.04%** | **Health Care Supplies–0.04%** | **Health Care Supplies–0.04%** | **Health Care Supplies–0.04%** |
| Solventum Corp., | Solventum Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.45%, 02/25/2027 |  | 281000 | &nbsp;&nbsp; 285442 |
| &nbsp;&nbsp;&nbsp; 5.40%, 03/01/2029 |  | 539000 | &nbsp;&nbsp; 554663 |
| &nbsp;&nbsp;&nbsp; 5.60%, 03/23/2034 |  | 302000 | &nbsp;&nbsp; 309879 |
|  |  |  | &nbsp;&nbsp; 1149984 |
| **Highways & Railtracks–0.15%** | **Highways & Railtracks–0.15%** | **Highways & Railtracks–0.15%** | **Highways & Railtracks–0.15%** |
| &nbsp;&nbsp;&nbsp; Burlington Northern Santa Fe LLC, <br> 5.80%, 03/15/2056<br>|  | 4400000 | &nbsp;&nbsp; 4477272 |
| **Home Improvement Retail–0.01%** | **Home Improvement Retail–0.01%** | **Home Improvement Retail–0.01%** | **Home Improvement Retail–0.01%** |
| &nbsp;&nbsp;&nbsp; Home Depot, Inc. (The), 4.90%, <br> 04/15/2029<br>|  | 265000 | &nbsp;&nbsp; 271128 |
| Lowe's Cos., Inc., | Lowe's Cos., Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.80%, 09/15/2062 |  | 6000 | &nbsp;&nbsp; 5784 |
| &nbsp;&nbsp;&nbsp; 5.85%, 04/01/2063 |  | 143000 | &nbsp;&nbsp; 138222 |
|  |  |  | &nbsp;&nbsp; 415134 |
| **Homebuilding–0.11%** | **Homebuilding–0.11%** | **Homebuilding–0.11%** | **Homebuilding–0.11%** |
| &nbsp;&nbsp;&nbsp; Toll Brothers Finance Corp., <br> 5.60%, 06/15/2035<br>|  | 3240000 | &nbsp;&nbsp; 3257394 |
| **Hotel & Resort REITs–0.10%** | **Hotel & Resort REITs–0.10%** | **Hotel & Resort REITs–0.10%** | **Hotel & Resort REITs–0.10%** |
| &nbsp;&nbsp;&nbsp; Phillips Edison Grocery Center <br> Operating Partnership I L.P., | &nbsp;&nbsp;&nbsp; Phillips Edison Grocery Center <br> Operating Partnership I L.P., |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 08/15/2032 |  | 2489000 | &nbsp;&nbsp; 2504408 |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/15/2034 |  | 154000 | &nbsp;&nbsp; 158296 |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/15/2035 |  | 414000 | &nbsp;&nbsp; 401710 |
|  |  |  | &nbsp;&nbsp; 3064414 |
| **Hotels, Resorts & Cruise Lines–0.08%** | **Hotels, Resorts & Cruise Lines–0.08%** | **Hotels, Resorts & Cruise Lines–0.08%** | **Hotels, Resorts & Cruise Lines–0.08%** |
| &nbsp;&nbsp;&nbsp; Expedia Group, Inc., 5.40%, <br> 02/15/2035<br>|  | 1116000 | &nbsp;&nbsp; 1124696 |
| Marriott International, Inc., | Marriott International, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/15/2029 |  | 122000 | &nbsp;&nbsp; 123493 |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/15/2030 |  | 627000 | &nbsp;&nbsp; 631306 |
| &nbsp;&nbsp;&nbsp; 5.30%, 05/15/2034 |  | 126000 | &nbsp;&nbsp; 127105 |
| &nbsp;&nbsp;&nbsp; 5.35%, 03/15/2035 |  | 380000 | &nbsp;&nbsp; 381637 |
|  |  |  | &nbsp;&nbsp; 2388237 |
| **Independent Power Producers & Energy Traders–0.13%** | **Independent Power Producers & Energy Traders–0.13%** | **Independent Power Producers & Energy Traders–0.13%** | **Independent Power Producers & Energy Traders–0.13%** |
| &nbsp;&nbsp;&nbsp; AES Corp. (The), 5.80%, <br> 03/15/2032<br>|  | 3438000 | &nbsp;&nbsp; 3492811 |
| &nbsp;&nbsp;&nbsp; NSTAR Electric Co., 3.20%, <br> 05/15/2027<br>|  | 400000 | &nbsp;&nbsp; 392505 |
|  |  |  | &nbsp;&nbsp; 3885316 |
| **Industrial Conglomerates–0.38%** | **Industrial Conglomerates–0.38%** | **Industrial Conglomerates–0.38%** | **Industrial Conglomerates–0.38%** |
| 3M Co., | 3M Co., |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 09/19/2026 |  | 500000 | &nbsp;&nbsp; 487796 |
| &nbsp;&nbsp;&nbsp; 5.15%, 03/15/2035 |  | 300000 | &nbsp;&nbsp; 302765 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Industrial Conglomerates–(continued)** | **Industrial Conglomerates–(continued)** | **Industrial Conglomerates–(continued)** | **Industrial Conglomerates–(continued)** |
| Honeywell International, Inc., | Honeywell International, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 09/01/2029 |  | $465000 | &nbsp;&nbsp; $475143 |
| &nbsp;&nbsp;&nbsp; 4.95%, 09/01/2031 |  | 575000 | &nbsp;&nbsp; 587114 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/2033 |  | 7000 | &nbsp;&nbsp; 7098 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/2035 |  | 305000 | &nbsp;&nbsp; 305011 |
| &nbsp;&nbsp;&nbsp; 5.35%, 03/01/2064 |  | 487000 | &nbsp;&nbsp; 458920 |
| Siemens Funding B.V. (Germany), | Siemens Funding B.V. (Germany), |  |  |
| &nbsp;&nbsp;&nbsp; 4.35%, 05/26/2028<sup>(b)</sup> <br>|  | 3891000 | &nbsp;&nbsp; 3906098 |
| &nbsp;&nbsp;&nbsp; 4.60%, 05/28/2030<sup>(b)</sup> <br>|  | 1589000 | &nbsp;&nbsp; 1605533 |
| &nbsp;&nbsp;&nbsp; 4.90%, 05/28/2032<sup>(b)</sup> <br>|  | 1002000 | &nbsp;&nbsp; 1020352 |
| &nbsp;&nbsp;&nbsp; 5.20%, 05/28/2035<sup>(b)</sup> <br>|  | 1470000 | &nbsp;&nbsp; 1505998 |
| &nbsp;&nbsp;&nbsp; 5.90%, 05/28/2065<sup>(b)</sup> <br>|  | 880000 | &nbsp;&nbsp; 920158 |
|  |  |  | &nbsp;&nbsp; 11581986 |
| **Industrial Gases–0.21%** | **Industrial Gases–0.21%** | **Industrial Gases–0.21%** | **Industrial Gases–0.21%** |
| Air Products and Chemicals, Inc., | Air Products and Chemicals, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.30%, 06/11/2028 |  | 6302000 | &nbsp;&nbsp; 6309058 |
| &nbsp;&nbsp;&nbsp; 2.05%, 05/15/2030 |  | 200000 | &nbsp;&nbsp; 179886 |
|  |  |  | &nbsp;&nbsp; 6488944 |
| **Industrial Machinery & Supplies & Components–0.08%** | **Industrial Machinery & Supplies & Components–0.08%** | **Industrial Machinery & Supplies & Components–0.08%** | **Industrial Machinery & Supplies & Components–0.08%** |
| Ingersoll Rand, Inc., | Ingersoll Rand, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 06/15/2027 |  | 428000 | &nbsp;&nbsp; 433490 |
| &nbsp;&nbsp;&nbsp; 5.40%, 08/14/2028 |  | 31000 | &nbsp;&nbsp; 31803 |
| Nordson Corp., | Nordson Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.60%, 09/15/2028 |  | 65000 | &nbsp;&nbsp; 66831 |
| &nbsp;&nbsp;&nbsp; 5.80%, 09/15/2033 |  | 91000 | &nbsp;&nbsp; 96223 |
| &nbsp;&nbsp;&nbsp; nVent Finance S.a.r.l. (United <br> Kingdom), 5.65%, <br> 05/15/2033<br>|  | 86000 | &nbsp;&nbsp; 87929 |
| &nbsp;&nbsp;&nbsp; Weir Group, Inc. (United Kingdom), <br> 5.35%, 05/06/2030<sup>(b)</sup> <br>|  | 1554000 | &nbsp;&nbsp; 1575080 |
|  |  |  | &nbsp;&nbsp; 2291356 |
| **Industrial REITs–0.00%** | **Industrial REITs–0.00%** | **Industrial REITs–0.00%** | **Industrial REITs–0.00%** |
| &nbsp;&nbsp;&nbsp; LXP Industrial Trust, 6.75%, <br> 11/15/2028<br>|  | 94000 | &nbsp;&nbsp; 99240 |
| **Insurance Brokers–0.04%** | **Insurance Brokers–0.04%** | **Insurance Brokers–0.04%** | **Insurance Brokers–0.04%** |
| Arthur J. Gallagher & Co., | Arthur J. Gallagher & Co., |  |  |
| &nbsp;&nbsp;&nbsp; 4.85%, 12/15/2029 |  | 234000 | &nbsp;&nbsp; 236201 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/2032 |  | 276000 | &nbsp;&nbsp; 278436 |
| &nbsp;&nbsp;&nbsp; 5.15%, 02/15/2035 |  | 351000 | &nbsp;&nbsp; 349152 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/15/2054 |  | 83000 | &nbsp;&nbsp; 90738 |
| Marsh & McLennan Cos., Inc., | Marsh & McLennan Cos., Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.40%, 09/15/2033 |  | 132000 | &nbsp;&nbsp; 136485 |
| &nbsp;&nbsp;&nbsp; 5.45%, 03/15/2053 |  | 35000 | &nbsp;&nbsp; 33738 |
| &nbsp;&nbsp;&nbsp; 5.70%, 09/15/2053 |  | 91000 | &nbsp;&nbsp; 90911 |
|  |  |  | &nbsp;&nbsp; 1215661 |
| **Integrated Oil & Gas–0.10%** | **Integrated Oil & Gas–0.10%** | **Integrated Oil & Gas–0.10%** | **Integrated Oil & Gas–0.10%** |
| BP Capital Markets PLC, 6.13%<sup>(c)(e)</sup> <br>|  | 1570000 | &nbsp;&nbsp; 1578493 |
| &nbsp;&nbsp;&nbsp; Eni S.p.A. (Italy), 5.50%, <br> 05/15/2034<sup>(b)</sup> <br>|  | 1003000 | &nbsp;&nbsp; 1012438 |
| Occidental Petroleum Corp., | Occidental Petroleum Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/2027 |  | 174000 | &nbsp;&nbsp; 175391 |
| &nbsp;&nbsp;&nbsp; 5.20%, 08/01/2029 |  | 193000 | &nbsp;&nbsp; 193621 |
| &nbsp;&nbsp;&nbsp; 6.45%, 09/15/2036 |  | 169000 | &nbsp;&nbsp; 172132 |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/15/2045 |  | 83000 | &nbsp;&nbsp; 63079 |
|  |  |  | &nbsp;&nbsp; 3195154 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Integrated Telecommunication Services–0.63%** | **Integrated Telecommunication Services–0.63%** | **Integrated Telecommunication Services–0.63%** | **Integrated Telecommunication Services–0.63%** |
| AT&T, Inc., | AT&T, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.40%, 02/15/2034 |  | $78000 | &nbsp;&nbsp; $79737 |
| &nbsp;&nbsp;&nbsp; 6.05%, 08/15/2056 |  | 3571000 | &nbsp;&nbsp; 3622950 |
| &nbsp;&nbsp;&nbsp; British Telecommunications PLC <br> (United Kingdom), 9.63%, <br> 12/15/2030<br>|  | 200000 | &nbsp;&nbsp; 244516 |
| &nbsp;&nbsp;&nbsp; Deutsche Telekom International <br> Finance B.V. (Germany), 9.25%, <br> 06/01/2032<br>|  | 100000 | &nbsp;&nbsp; 124105 |
| NTT Finance Corp. (Japan), | NTT Finance Corp. (Japan), |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/16/2030<sup>(b)</sup> <br>|  | 1196000 | &nbsp;&nbsp; 1203170 |
| &nbsp;&nbsp;&nbsp; 5.66% (SOFR + 1.31%), <br> 07/16/2030<sup>(b)(d)</sup> <br>|  | 2471000 | &nbsp;&nbsp; 2516260 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/16/2035<sup>(b)</sup> <br>|  | 1935000 | &nbsp;&nbsp; 1965723 |
| TELUS Corp. (Canada), | TELUS Corp. (Canada), |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 10/15/2055<sup>(c)</sup> <br>|  | 2995000 | &nbsp;&nbsp; 3034175 |
| &nbsp;&nbsp;&nbsp; 7.00%, 10/15/2055<sup>(c)</sup> <br>|  | 2953000 | &nbsp;&nbsp; 2997050 |
| T-Mobile USA, Inc., | T-Mobile USA, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.65%, 01/15/2053 |  | 65000 | &nbsp;&nbsp; 62633 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/15/2054 |  | 6000 | &nbsp;&nbsp; 6069 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/15/2055 |  | 917000 | &nbsp;&nbsp; 915041 |
| Verizon Communications, Inc., | Verizon Communications, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 2.36%, 03/15/2032 |  | 92000 | &nbsp;&nbsp; 79120 |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/02/2035 |  | 2398000 | &nbsp;&nbsp; 2408538 |
|  |  |  | &nbsp;&nbsp; 19259087 |
| **Interactive Media & Services–0.18%** | **Interactive Media & Services–0.18%** | **Interactive Media & Services–0.18%** | **Interactive Media & Services–0.18%** |
| Alphabet, Inc., | Alphabet, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/15/2055 |  | 1021000 | &nbsp;&nbsp; 1002590 |
| &nbsp;&nbsp;&nbsp; 5.30%, 05/15/2065 |  | 1081000 | &nbsp;&nbsp; 1050585 |
| Meta Platforms, Inc., | Meta Platforms, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.55%, 08/15/2031 |  | 343000 | &nbsp;&nbsp; 346290 |
| &nbsp;&nbsp;&nbsp; 4.75%, 08/15/2034 |  | 956000 | &nbsp;&nbsp; 952747 |
| &nbsp;&nbsp;&nbsp; 5.40%, 08/15/2054 |  | 410000 | &nbsp;&nbsp; 396483 |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/15/2063 |  | 100000 | &nbsp;&nbsp; 100580 |
| &nbsp;&nbsp;&nbsp; 5.55%, 08/15/2064 |  | 1226000 | &nbsp;&nbsp; 1190367 |
| &nbsp;&nbsp;&nbsp; WarnerMedia Holdings, Inc., <br> 4.28%, 03/15/2032<br>|  | 428000 | &nbsp;&nbsp; 359676 |
|  |  |  | &nbsp;&nbsp; 5399318 |
| **Investment Banking & Brokerage–1.26%** | **Investment Banking & Brokerage–1.26%** | **Investment Banking & Brokerage–1.26%** | **Investment Banking & Brokerage–1.26%** |
| &nbsp;&nbsp;&nbsp; Blue Owl Technology Finance Corp., <br> 2.50%, 01/15/2027<br>|  | 300000 | &nbsp;&nbsp; 288393 |
| &nbsp;&nbsp;&nbsp; Charles Schwab Corp. (The), <br> Series K, 5.00%<sup>(c)(e)</sup> <br>|  | 58000 | &nbsp;&nbsp; 57734 |
| &nbsp;&nbsp;&nbsp; Credit Suisse (USA) LLC <br> (Switzerland), 7.13%, <br> 07/15/2032<br>|  | 200000 | &nbsp;&nbsp; 227111 |
| Goldman Sachs Group, Inc. (The), | Goldman Sachs Group, Inc. (The), |  |  |
| &nbsp;&nbsp;&nbsp; 5.64% (SOFR + 1.29%), <br> 04/23/2028<sup>(d)</sup> <br>|  | 1632000 | &nbsp;&nbsp; 1646827 |
| &nbsp;&nbsp;&nbsp; 5.73%, 04/25/2030<sup>(c)</sup> <br>|  | 387000 | &nbsp;&nbsp; 401902 |
| &nbsp;&nbsp;&nbsp; 5.05%, 07/23/2030<sup>(c)</sup> <br>|  | 671000 | &nbsp;&nbsp; 681940 |
| &nbsp;&nbsp;&nbsp; 4.69%, 10/23/2030<sup>(c)</sup> <br>|  | 799000 | &nbsp;&nbsp; 798603 |
| &nbsp;&nbsp;&nbsp; 5.21%, 01/28/2031<sup>(c)</sup> <br>|  | 1077000 | &nbsp;&nbsp; 1100110 |
| &nbsp;&nbsp;&nbsp; 5.22%, 04/23/2031<sup>(c)</sup> <br>|  | 3349000 | &nbsp;&nbsp; 3425211 |
| &nbsp;&nbsp;&nbsp; 3.10%, 02/24/2033<sup>(c)</sup> <br>|  | 440000 | &nbsp;&nbsp; 395704 |
| &nbsp;&nbsp;&nbsp; 5.85%, 04/25/2035<sup>(c)</sup> <br>|  | 393000 | &nbsp;&nbsp; 411932 |
| &nbsp;&nbsp;&nbsp; 5.33%, 07/23/2035<sup>(c)</sup> <br>|  | 465000 | &nbsp;&nbsp; 469916 |
| &nbsp;&nbsp;&nbsp; 5.54%, 01/28/2036<sup>(c)</sup> <br>|  | 2603000 | &nbsp;&nbsp; 2662201 |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/01/2041 |  | 200000 | &nbsp;&nbsp; 213988 |
| &nbsp;&nbsp;&nbsp; 2.91%, 07/21/2042<sup>(c)</sup> <br>|  | 100000 | &nbsp;&nbsp; 71487 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Investment Banking & Brokerage–(continued)** | **Investment Banking & Brokerage–(continued)** | **Investment Banking & Brokerage–(continued)** | **Investment Banking & Brokerage–(continued)** |
| &nbsp;&nbsp;&nbsp; 5.73%, 01/28/2056<sup>(c)</sup> <br>|  | $1566000 | &nbsp;&nbsp; $1573699 |
| &nbsp;&nbsp;&nbsp; Series W, 7.50%<sup>(c)(e)</sup> <br>|  | 6872000 | &nbsp;&nbsp; 7275757 |
| Morgan Stanley, | Morgan Stanley, |  |  |
| &nbsp;&nbsp;&nbsp; 5.12%, 02/01/2029<sup>(c)</sup> <br>|  | 30000 | &nbsp;&nbsp; 30445 |
| &nbsp;&nbsp;&nbsp; 4.99%, 04/12/2029<sup>(c)</sup> <br>|  | 832000 | &nbsp;&nbsp; 842422 |
| &nbsp;&nbsp;&nbsp; 5.16%, 04/20/2029<sup>(c)</sup> <br>|  | 154000 | &nbsp;&nbsp; 156506 |
| &nbsp;&nbsp;&nbsp; 5.45%, 07/20/2029<sup>(c)</sup> <br>|  | 59000 | &nbsp;&nbsp; 60572 |
| &nbsp;&nbsp;&nbsp; 6.41%, 11/01/2029<sup>(c)</sup> <br>|  | 156000 | &nbsp;&nbsp; 164681 |
| &nbsp;&nbsp;&nbsp; 5.17%, 01/16/2030<sup>(c)</sup> <br>|  | 147000 | &nbsp;&nbsp; 149989 |
| &nbsp;&nbsp;&nbsp; 4.43%, 01/23/2030<sup>(c)</sup> <br>|  | 400000 | &nbsp;&nbsp; 398858 |
| &nbsp;&nbsp;&nbsp; 5.04%, 07/19/2030<sup>(c)</sup> <br>|  | 478000 | &nbsp;&nbsp; 486380 |
| &nbsp;&nbsp;&nbsp; 4.65%, 10/18/2030<sup>(c)</sup> <br>|  | 1180000 | &nbsp;&nbsp; 1182625 |
| &nbsp;&nbsp;&nbsp; 5.19%, 04/17/2031<sup>(c)</sup> <br>|  | 2453000 | &nbsp;&nbsp; 2506355 |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/21/2034<sup>(c)</sup> <br>|  | 181000 | &nbsp;&nbsp; 183991 |
| &nbsp;&nbsp;&nbsp; 5.42%, 07/21/2034<sup>(c)</sup> <br>|  | 92000 | &nbsp;&nbsp; 94255 |
| &nbsp;&nbsp;&nbsp; 5.47%, 01/18/2035<sup>(c)</sup> <br>|  | 134000 | &nbsp;&nbsp; 137320 |
| &nbsp;&nbsp;&nbsp; 5.83%, 04/19/2035<sup>(c)</sup> <br>|  | 337000 | &nbsp;&nbsp; 353383 |
| &nbsp;&nbsp;&nbsp; 5.32%, 07/19/2035<sup>(c)</sup> <br>|  | 644000 | &nbsp;&nbsp; 652355 |
| &nbsp;&nbsp;&nbsp; 5.59%, 01/18/2036<sup>(c)</sup> <br>|  | 1524000 | &nbsp;&nbsp; 1564737 |
| &nbsp;&nbsp;&nbsp; 5.66%, 04/17/2036<sup>(c)</sup> <br>|  | 1683000 | &nbsp;&nbsp; 1736464 |
| &nbsp;&nbsp;&nbsp; 5.95%, 01/19/2038<sup>(c)</sup> <br>|  | 28000 | &nbsp;&nbsp; 28896 |
| &nbsp;&nbsp;&nbsp; 5.94%, 02/07/2039<sup>(c)</sup> <br>|  | 400000 | &nbsp;&nbsp; 413157 |
| Nomura Holdings, Inc. (Japan), | Nomura Holdings, Inc. (Japan), |  |  |
| &nbsp;&nbsp;&nbsp; 4.90%, 07/01/2030 |  | 3018000 | &nbsp;&nbsp; 3023514 |
| &nbsp;&nbsp;&nbsp; 5.49%, 06/29/2035 |  | 2480000 | &nbsp;&nbsp; 2500757 |
|  |  |  | &nbsp;&nbsp; 38370177 |
| **IT Consulting & Other Services–0.28%** | **IT Consulting & Other Services–0.28%** | **IT Consulting & Other Services–0.28%** | **IT Consulting & Other Services–0.28%** |
| Dell, Inc., 6.50%, 04/15/2038 |  | 200000 | &nbsp;&nbsp; 214630 |
| International Business Machines Corp., | International Business Machines Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 02/10/2028 |  | 1960000 | &nbsp;&nbsp; 1975775 |
| &nbsp;&nbsp;&nbsp; 3.50%, 05/15/2029 |  | 220000 | &nbsp;&nbsp; 213332 |
| &nbsp;&nbsp;&nbsp; 4.80%, 02/10/2030 |  | 2651000 | &nbsp;&nbsp; 2688864 |
| &nbsp;&nbsp;&nbsp; 5.20%, 02/10/2035 |  | 1247000 | &nbsp;&nbsp; 1260167 |
| &nbsp;&nbsp;&nbsp; 5.70%, 02/10/2055 |  | 2301000 | &nbsp;&nbsp; 2269578 |
|  |  |  | &nbsp;&nbsp; 8622346 |
| **Leisure Products–0.02%** | **Leisure Products–0.02%** | **Leisure Products–0.02%** | **Leisure Products–0.02%** |
| &nbsp;&nbsp;&nbsp; Brunswick Corp., 5.85%, <br> 03/18/2029<br>|  | 179000 | &nbsp;&nbsp; 184045 |
| Mattel, Inc., 5.45%, 11/01/2041 |  | 500000 | &nbsp;&nbsp; 453310 |
|  |  |  | &nbsp;&nbsp; 637355 |
| **Life & Health Insurance–2.94%** | **Life & Health Insurance–2.94%** | **Life & Health Insurance–2.94%** | **Life & Health Insurance–2.94%** |
| &nbsp;&nbsp;&nbsp; 200 Park Funding Trust, 5.74%, <br> 02/15/2055<sup>(b)</sup> <br>|  | 1084000 | &nbsp;&nbsp; 1067317 |
| AIA Group Ltd. (Hong Kong), | AIA Group Ltd. (Hong Kong), |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 03/30/2035<sup>(b)</sup> <br>|  | 3641000 | &nbsp;&nbsp; 3614088 |
| &nbsp;&nbsp;&nbsp; 5.40%, 09/30/2054<sup>(b)</sup> <br>|  | 2105000 | &nbsp;&nbsp; 1981855 |
| &nbsp;&nbsp;&nbsp; American National Global Funding, <br> 5.55%, 01/28/2030<sup>(b)</sup> <br>|  | 559000 | &nbsp;&nbsp; 569195 |
| American National Group, Inc., | American National Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 10/01/2029 |  | 110000 | &nbsp;&nbsp; 112297 |
| &nbsp;&nbsp;&nbsp; 6.00%, 07/15/2035 |  | 4662000 | &nbsp;&nbsp; 4693035 |
| Athene Global Funding, | Athene Global Funding, |  |  |
| &nbsp;&nbsp;&nbsp; 5.62%, 05/08/2026<sup>(b)</sup> <br>|  | 1653000 | &nbsp;&nbsp; 1666936 |
| &nbsp;&nbsp;&nbsp; 4.86%, 08/27/2026<sup>(b)</sup> <br>|  | 2649000 | &nbsp;&nbsp; 2658940 |
| &nbsp;&nbsp;&nbsp; 5.52%, 03/25/2027<sup>(b)</sup> <br>|  | 492000 | &nbsp;&nbsp; 499031 |
| &nbsp;&nbsp;&nbsp; 5.58%, 01/09/2029<sup>(b)</sup> <br>|  | 574000 | &nbsp;&nbsp; 590212 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Life & Health Insurance–(continued)** | **Life & Health Insurance–(continued)** | **Life & Health Insurance–(continued)** | **Life & Health Insurance–(continued)** |
| Athene Holding Ltd., | Athene Holding Ltd., |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/01/2054 |  | $202000 | &nbsp;&nbsp; $199613 |
| &nbsp;&nbsp;&nbsp; 6.63%, 10/15/2054<sup>(c)</sup> <br>|  | 150000 | &nbsp;&nbsp; 148012 |
| &nbsp;&nbsp;&nbsp; 6.63%, 05/19/2055 |  | 2112000 | &nbsp;&nbsp; 2174434 |
| &nbsp;&nbsp;&nbsp; 6.88%, 06/28/2055<sup>(c)</sup> <br>|  | 3086000 | &nbsp;&nbsp; 3054307 |
| &nbsp;&nbsp;&nbsp; Belrose Funding Trust II, 6.79%, <br> 05/15/2055<sup>(b)</sup> <br>|  | 3303000 | &nbsp;&nbsp; 3383125 |
| &nbsp;&nbsp;&nbsp; Brighthouse Financial, Inc., <br> 3.85%, 12/22/2051<br>|  | 300000 | &nbsp;&nbsp; 184274 |
| Corebridge Global Funding, | Corebridge Global Funding, |  |  |
| &nbsp;&nbsp;&nbsp; 5.66% (SOFR + 1.30%), <br> 09/25/2026<sup>(b)(d)</sup> <br>|  | 2262000 | &nbsp;&nbsp; 2277949 |
| &nbsp;&nbsp;&nbsp; 4.65%, 08/20/2027<sup>(b)</sup> <br>|  | 1189000 | &nbsp;&nbsp; 1194664 |
| &nbsp;&nbsp;&nbsp; 5.90%, 09/19/2028<sup>(b)</sup> <br>|  | 149000 | &nbsp;&nbsp; 154734 |
| &nbsp;&nbsp;&nbsp; 5.20%, 01/12/2029<sup>(b)</sup> <br>|  | 299000 | &nbsp;&nbsp; 304500 |
| &nbsp;&nbsp;&nbsp; 5.20%, 06/24/2029<sup>(b)</sup> <br>|  | 539000 | &nbsp;&nbsp; 549716 |
| &nbsp;&nbsp;&nbsp; Delaware Life Global Funding, <br> Series 21-1, 2.66%, <br> 06/29/2026<sup>(b)</sup> <br>|  | 9383000 | &nbsp;&nbsp; 9174115 |
| Equitable America Global Funding, | Equitable America Global Funding, |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 06/09/2028<sup>(b)</sup> <br>|  | 4457000 | &nbsp;&nbsp; 4471179 |
| &nbsp;&nbsp;&nbsp; 4.95%, 06/09/2030<sup>(b)</sup> <br>|  | 9303000 | &nbsp;&nbsp; 9384722 |
| &nbsp;&nbsp;&nbsp; F&G Annuities & Life, Inc., 7.40%, <br> 01/13/2028<br>|  | 62000 | &nbsp;&nbsp; 64910 |
| GA Global Funding Trust, | GA Global Funding Trust, |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 09/23/2027<sup>(b)</sup> <br>|  | 1822000 | &nbsp;&nbsp; 1816107 |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/08/2029<sup>(b)</sup> <br>|  | 855000 | &nbsp;&nbsp; 875391 |
| &nbsp;&nbsp;&nbsp; High Street Funding Trust III, <br> 5.81%, 02/15/2055<sup>(b)</sup> <br>|  | 714000 | &nbsp;&nbsp; 692337 |
| &nbsp;&nbsp;&nbsp; Jackson National Life Global <br> Funding, 4.70%, <br> 06/05/2028<sup>(b)</sup> <br>|  | 6612000 | &nbsp;&nbsp; 6627470 |
| &nbsp;&nbsp;&nbsp; Lincoln Financial Global Funding, <br> 4.63%, 05/28/2028<sup>(b)</sup> <br>|  | 2171000 | &nbsp;&nbsp; 2176641 |
| &nbsp;&nbsp;&nbsp; MAG Mutual Holding Co., 4.75%, <br> 04/30/2041<sup>(b)(f)</sup> <br>|  | 9203000 | &nbsp;&nbsp; 8310309 |
| &nbsp;&nbsp;&nbsp; MassMutual Global Funding II, <br> 4.55%, 05/07/2030<sup>(b)</sup> <br>|  | 2698000 | &nbsp;&nbsp; 2701175 |
| &nbsp;&nbsp;&nbsp; MetLife, Inc., 5.25%, <br> 01/15/2054<br>|  | 80000 | &nbsp;&nbsp; 75070 |
| &nbsp;&nbsp;&nbsp; New York Life Global Funding, <br> 4.55%, 01/28/2033<sup>(b)</sup> <br>|  | 90000 | &nbsp;&nbsp; 88490 |
| Northwestern Mutual Global Funding, | Northwestern Mutual Global Funding, |  |  |
| &nbsp;&nbsp;&nbsp; 5.07%, 03/25/2027<sup>(b)</sup> <br>|  | 563000 | &nbsp;&nbsp; 569544 |
| &nbsp;&nbsp;&nbsp; 4.35%, 09/15/2027<sup>(b)</sup> <br>|  | 79000 | &nbsp;&nbsp; 79248 |
| &nbsp;&nbsp;&nbsp; 4.71%, 01/10/2029<sup>(b)</sup> <br>|  | 1066000 | &nbsp;&nbsp; 1077829 |
| Pacific Life Global Funding II, | Pacific Life Global Funding II, |  |  |
| &nbsp;&nbsp;&nbsp; 5.41% (SOFR + 1.05%), <br> 07/28/2026<sup>(b)(d)</sup> <br>|  | 1154000 | &nbsp;&nbsp; 1162240 |
| &nbsp;&nbsp;&nbsp; 4.90%, 01/11/2029<sup>(b)</sup> <br>|  | 1495000 | &nbsp;&nbsp; 1516803 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/28/2029<sup>(b)</sup> <br>|  | 2165000 | &nbsp;&nbsp; 2170737 |
| Pricoa Global Funding I, | Pricoa Global Funding I, |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 08/27/2027<sup>(b)</sup> <br>|  | 1417000 | &nbsp;&nbsp; 1418062 |
| &nbsp;&nbsp;&nbsp; 4.65%, 08/27/2031<sup>(b)</sup> <br>|  | 656000 | &nbsp;&nbsp; 654972 |
| &nbsp;&nbsp;&nbsp; Prudential Financial, Inc., 5.20%, <br> 03/14/2035<br>|  | 2268000 | &nbsp;&nbsp; 2285870 |
| &nbsp;&nbsp;&nbsp; Symetra Life Insurance Co., <br> 6.55%, 10/01/2055<sup>(b)</sup> <br>|  | 1161000 | &nbsp;&nbsp; 1186539 |
|  |  |  | &nbsp;&nbsp; 89657994 |
| **Life Sciences Tools & Services–0.01%** | **Life Sciences Tools & Services–0.01%** | **Life Sciences Tools & Services–0.01%** | **Life Sciences Tools & Services–0.01%** |
| &nbsp;&nbsp;&nbsp; Thermo Fisher Scientific, Inc., <br> 5.09%, 08/10/2033<br>|  | 220000 | &nbsp;&nbsp; 224886 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Managed Health Care–0.06%** | **Managed Health Care–0.06%** | **Managed Health Care–0.06%** | **Managed Health Care–0.06%** |
| &nbsp;&nbsp;&nbsp; Humana, Inc., 5.75%, <br> 12/01/2028<br>|  | $95000 | &nbsp;&nbsp; $98382 |
| UnitedHealth Group, Inc., | UnitedHealth Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 10/15/2025 |  | 53000 | &nbsp;&nbsp; 53062 |
| &nbsp;&nbsp;&nbsp; 5.25%, 02/15/2028 |  | 54000 | &nbsp;&nbsp; 55203 |
| &nbsp;&nbsp;&nbsp; 5.30%, 02/15/2030 |  | 69000 | &nbsp;&nbsp; 71010 |
| &nbsp;&nbsp;&nbsp; 5.35%, 02/15/2033 |  | 71000 | &nbsp;&nbsp; 72703 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/15/2033 |  | 20000 | &nbsp;&nbsp; 19385 |
| &nbsp;&nbsp;&nbsp; 5.05%, 04/15/2053 |  | 37000 | &nbsp;&nbsp; 32509 |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/15/2054 |  | 184000 | &nbsp;&nbsp; 175399 |
| &nbsp;&nbsp;&nbsp; 6.05%, 02/15/2063 |  | 700000 | &nbsp;&nbsp; 698380 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/15/2064 |  | 440000 | &nbsp;&nbsp; 403705 |
|  |  |  | &nbsp;&nbsp; 1679738 |
| **Marine Transportation–0.00%** | **Marine Transportation–0.00%** | **Marine Transportation–0.00%** | **Marine Transportation–0.00%** |
| &nbsp;&nbsp;&nbsp; A.P. Moller - Maersk A/S (Denmark), <br> 5.88%, 09/14/2033<sup>(b)</sup> <br>|  | 91000 | &nbsp;&nbsp; 96408 |
| **Metal, Glass & Plastic Containers–0.07%** | **Metal, Glass & Plastic Containers–0.07%** | **Metal, Glass & Plastic Containers–0.07%** | **Metal, Glass & Plastic Containers–0.07%** |
| &nbsp;&nbsp;&nbsp; Smurfit Kappa Treasury Unlimited Co. <br> (Ireland), | &nbsp;&nbsp;&nbsp; Smurfit Kappa Treasury Unlimited Co. <br> (Ireland), |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 01/15/2030 |  | 1116000 | &nbsp;&nbsp; 1144045 |
| &nbsp;&nbsp;&nbsp; 5.44%, 04/03/2034 |  | 1056000 | &nbsp;&nbsp; 1078202 |
|  |  |  | &nbsp;&nbsp; 2222247 |
| **Movies & Entertainment–0.00%** | **Movies & Entertainment–0.00%** | **Movies & Entertainment–0.00%** | **Movies & Entertainment–0.00%** |
| Netflix, Inc., 5.40%, 08/15/2054 |  | 84000 | &nbsp;&nbsp; 82324 |
| **Multi-Family Residential REITs–0.07%** | **Multi-Family Residential REITs–0.07%** | **Multi-Family Residential REITs–0.07%** | **Multi-Family Residential REITs–0.07%** |
| &nbsp;&nbsp;&nbsp; AvalonBay Communities, Inc., <br> 5.30%, 12/07/2033<br>|  | 191000 | &nbsp;&nbsp; 195962 |
| &nbsp;&nbsp;&nbsp; Essex Portfolio L.P., 5.50%, <br> 04/01/2034<br>|  | 158000 | &nbsp;&nbsp; 161697 |
| &nbsp;&nbsp;&nbsp; Invitation Homes Operating <br> Partnership L.P., 4.88%, <br> 02/01/2035<br>|  | 677000 | &nbsp;&nbsp; 652881 |
| Mid-America Apartments L.P., | Mid-America Apartments L.P., |  |  |
| &nbsp;&nbsp;&nbsp; 5.30%, 02/15/2032 |  | 750000 | &nbsp;&nbsp; 772047 |
| &nbsp;&nbsp;&nbsp; 4.95%, 03/01/2035 |  | 200000 | &nbsp;&nbsp; 198134 |
| UDR, Inc., | UDR, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 08/15/2031 |  | 110000 | &nbsp;&nbsp; 99965 |
| &nbsp;&nbsp;&nbsp; 5.13%, 09/01/2034 |  | 183000 | &nbsp;&nbsp; 182071 |
|  |  |  | &nbsp;&nbsp; 2262757 |
| **Multi-line Insurance–0.11%** | **Multi-line Insurance–0.11%** | **Multi-line Insurance–0.11%** | **Multi-line Insurance–0.11%** |
| Allianz SE (Germany), 3.50%<sup>(b)(c)(e)</sup> <br>|  | 2000000 | &nbsp;&nbsp; 1977557 |
| &nbsp;&nbsp;&nbsp; American International Group, Inc., <br> 4.85%, 05/07/2030<br>|  | 722000 | &nbsp;&nbsp; 732099 |
| &nbsp;&nbsp;&nbsp; Metropolitan Life Global Funding I, <br> 5.15%, 03/28/2033<sup>(b)</sup> <br>|  | 730000 | &nbsp;&nbsp; 743254 |
|  |  |  | &nbsp;&nbsp; 3452910 |
| **Multi-Utilities–0.33%** | **Multi-Utilities–0.33%** | **Multi-Utilities–0.33%** | **Multi-Utilities–0.33%** |
| &nbsp;&nbsp;&nbsp; AEP Texas, Inc., 3.95%, <br> 06/01/2028<sup>(b)</sup> <br>|  | 2489000 | &nbsp;&nbsp; 2451865 |
| &nbsp;&nbsp;&nbsp; Algonquin Power & Utilities Corp. <br> (Canada), 5.37%, 06/15/2026<br>|  | 299000 | &nbsp;&nbsp; 300631 |
| &nbsp;&nbsp;&nbsp; Ameren Illinois Co., 4.95%, <br> 06/01/2033<br>|  | 76000 | &nbsp;&nbsp; 76709 |
| &nbsp;&nbsp;&nbsp; Black Hills Corp., 6.15%, <br> 05/15/2034<br>|  | 182000 | &nbsp;&nbsp; 191968 |
| &nbsp;&nbsp;&nbsp; CMS Energy Corp., 4.75%, <br> 06/01/2050<sup>(c)</sup> <br>|  | 110000 | &nbsp;&nbsp; 106113 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Multi-Utilities–(continued)** | **Multi-Utilities–(continued)** | **Multi-Utilities–(continued)** | **Multi-Utilities–(continued)** |
| &nbsp;&nbsp;&nbsp; Dominion Energy, Inc., 5.38%, <br> 11/15/2032<br>|  | $96000 | &nbsp;&nbsp; $98430 |
| DTE Energy Co., | DTE Energy Co., |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 07/01/2027 |  | 290000 | &nbsp;&nbsp; 292703 |
| &nbsp;&nbsp;&nbsp; 5.85%, 06/01/2034 |  | 138000 | &nbsp;&nbsp; 144490 |
| ENGIE S.A. (France), | ENGIE S.A. (France), |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/10/2029<sup>(b)</sup> <br>|  | 1187000 | &nbsp;&nbsp; 1213643 |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/10/2034<sup>(b)</sup> <br>|  | 700000 | &nbsp;&nbsp; 722057 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/10/2054<sup>(b)</sup> <br>|  | 690000 | &nbsp;&nbsp; 692308 |
| NiSource, Inc., | NiSource, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/30/2028 |  | 28000 | &nbsp;&nbsp; 28576 |
| &nbsp;&nbsp;&nbsp; 5.40%, 06/30/2033 |  | 15000 | &nbsp;&nbsp; 15321 |
| &nbsp;&nbsp;&nbsp; 5.35%, 04/01/2034 |  | 657000 | &nbsp;&nbsp; 667669 |
| &nbsp;&nbsp;&nbsp; 5.85%, 04/01/2055 |  | 819000 | &nbsp;&nbsp; 809138 |
| Public Service Enterprise Group, Inc., | Public Service Enterprise Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/15/2028 |  | 294000 | &nbsp;&nbsp; 306030 |
| &nbsp;&nbsp;&nbsp; 6.13%, 10/15/2033 |  | 149000 | &nbsp;&nbsp; 158902 |
| Sempra, | Sempra, |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 10/01/2054<sup>(c)</sup> <br>|  | 649000 | &nbsp;&nbsp; 656709 |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/01/2055<sup>(c)</sup> <br>|  | 936000 | &nbsp;&nbsp; 921342 |
| WEC Energy Group, Inc., | WEC Energy Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 10/01/2027 |  | 63000 | &nbsp;&nbsp; 63924 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/2028 |  | 51000 | &nbsp;&nbsp; 51431 |
|  |  |  | &nbsp;&nbsp; 9969959 |
| **Office REITs–0.14%** | **Office REITs–0.14%** | **Office REITs–0.14%** | **Office REITs–0.14%** |
| Boston Properties L.P., | Boston Properties L.P., |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 01/30/2031 |  | 150000 | &nbsp;&nbsp; 137687 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/15/2034 |  | 200000 | &nbsp;&nbsp; 214172 |
| Cousins Properties L.P., | Cousins Properties L.P., |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/2030 |  | 3110000 | &nbsp;&nbsp; 3161225 |
| &nbsp;&nbsp;&nbsp; 5.38%, 02/15/2032 |  | 412000 | &nbsp;&nbsp; 416079 |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/01/2034 |  | 398000 | &nbsp;&nbsp; 409721 |
|  |  |  | &nbsp;&nbsp; 4338884 |
| **Oil & Gas Drilling–0.00%** | **Oil & Gas Drilling–0.00%** | **Oil & Gas Drilling–0.00%** | **Oil & Gas Drilling–0.00%** |
| &nbsp;&nbsp;&nbsp; Patterson-UTI Energy, Inc., 3.95%, <br> 02/01/2028<br>|  | 100000 | &nbsp;&nbsp; 96813 |
| **Oil & Gas Equipment & Services–0.00%** | **Oil & Gas Equipment & Services–0.00%** | **Oil & Gas Equipment & Services–0.00%** | **Oil & Gas Equipment & Services–0.00%** |
| &nbsp;&nbsp;&nbsp; Northern Natural Gas Co., 5.63%, <br> 02/01/2054<sup>(b)</sup> <br>|  | 89000 | &nbsp;&nbsp; 85054 |
| **Oil & Gas Exploration & Production–0.32%** | **Oil & Gas Exploration & Production–0.32%** | **Oil & Gas Exploration & Production–0.32%** | **Oil & Gas Exploration & Production–0.32%** |
| &nbsp;&nbsp;&nbsp; ConocoPhillips Co., 5.70%, <br> 09/15/2063<br>|  | 459000 | &nbsp;&nbsp; 439349 |
| &nbsp;&nbsp;&nbsp; Continental Resources, Inc., <br> 4.90%, 06/01/2044<br>|  | 100000 | &nbsp;&nbsp; 78555 |
| Diamondback Energy, Inc., | Diamondback Energy, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 04/18/2027 |  | 387000 | &nbsp;&nbsp; 390891 |
| &nbsp;&nbsp;&nbsp; 5.15%, 01/30/2030 |  | 369000 | &nbsp;&nbsp; 375856 |
| &nbsp;&nbsp;&nbsp; 5.90%, 04/18/2064 |  | 163000 | &nbsp;&nbsp; 150659 |
| EOG Resources, Inc., | EOG Resources, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 07/15/2028 |  | 1709000 | &nbsp;&nbsp; 1714517 |
| &nbsp;&nbsp;&nbsp; 5.35%, 01/15/2036 |  | 1865000 | &nbsp;&nbsp; 1879788 |
| &nbsp;&nbsp;&nbsp; 5.95%, 07/15/2055 |  | 1201000 | &nbsp;&nbsp; 1213799 |
| EQT Corp., 6.50%, 07/01/2027<sup>(b)</sup> <br>|  | 100000 | &nbsp;&nbsp; 102082 |
| Ovintiv, Inc., 7.10%, 07/15/2053 |  | 500000 | &nbsp;&nbsp; 519118 |
| Var Energi ASA (Norway), | Var Energi ASA (Norway), |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 05/22/2030<sup>(b)</sup> <br>|  | 786000 | &nbsp;&nbsp; 809703 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/22/2035<sup>(b)</sup> <br>|  | 1876000 | &nbsp;&nbsp; 1945672 |
|  |  |  | &nbsp;&nbsp; 9619989 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Oil & Gas Refining & Marketing–0.01%** | **Oil & Gas Refining & Marketing–0.01%** | **Oil & Gas Refining & Marketing–0.01%** | **Oil & Gas Refining & Marketing–0.01%** |
| &nbsp;&nbsp;&nbsp; Phillips 66 Co., 5.30%, <br> 06/30/2033<br>|  | $285000 | &nbsp;&nbsp; $288213 |
| **Oil & Gas Storage & Transportation–0.89%** | **Oil & Gas Storage & Transportation–0.89%** | **Oil & Gas Storage & Transportation–0.89%** | **Oil & Gas Storage & Transportation–0.89%** |
| &nbsp;&nbsp;&nbsp; Cheniere Energy Partners L.P., <br> 5.95%, 06/30/2033<br>|  | 97000 | &nbsp;&nbsp; 101306 |
| Columbia Pipelines Holding Co. LLC, | Columbia Pipelines Holding Co. LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 6.06%, 08/15/2026<sup>(b)</sup> <br>|  | 97000 | &nbsp;&nbsp; 98049 |
| &nbsp;&nbsp;&nbsp; 5.10%, 10/01/2031<sup>(b)</sup> <br>|  | 470000 | &nbsp;&nbsp; 472217 |
| &nbsp;&nbsp;&nbsp; Columbia Pipelines Operating Co. <br> LLC, 5.70%, 10/01/2054<sup>(b)</sup> <br>|  | 733000 | &nbsp;&nbsp; 673802 |
| &nbsp;&nbsp;&nbsp; Eastern Energy Gas Holdings LLC, <br> 5.65%, 10/15/2054<br>|  | 426000 | &nbsp;&nbsp; 408224 |
| Enbridge, Inc. (Canada), | Enbridge, Inc. (Canada), |  |  |
| &nbsp;&nbsp;&nbsp; 5.70%, 03/08/2033 |  | 75000 | &nbsp;&nbsp; 77718 |
| &nbsp;&nbsp;&nbsp; 7.38%, 03/15/2055<sup>(c)</sup> <br>|  | 100000 | &nbsp;&nbsp; 104357 |
| &nbsp;&nbsp;&nbsp; Series NC5, 8.25%, <br> 01/15/2084<sup>(c)</sup> <br>|  | 33000 | &nbsp;&nbsp; 35169 |
| Energy Transfer L.P., | Energy Transfer L.P., |  |  |
| &nbsp;&nbsp;&nbsp; 6.05%, 12/01/2026 |  | 504000 | &nbsp;&nbsp; 512853 |
| &nbsp;&nbsp;&nbsp; 6.40%, 12/01/2030 |  | 56000 | &nbsp;&nbsp; 60117 |
| &nbsp;&nbsp;&nbsp; 5.55%, 05/15/2034 |  | 165000 | &nbsp;&nbsp; 166518 |
| &nbsp;&nbsp;&nbsp; 5.95%, 05/15/2054 |  | 131000 | &nbsp;&nbsp; 123908 |
| &nbsp;&nbsp;&nbsp; 6.05%, 09/01/2054 |  | 450000 | &nbsp;&nbsp; 432080 |
| Enterprise Products Operating LLC, | Enterprise Products Operating LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 4.30%, 06/20/2028 |  | 2271000 | &nbsp;&nbsp; 2269455 |
| &nbsp;&nbsp;&nbsp; 5.20%, 01/15/2036 |  | 2213000 | &nbsp;&nbsp; 2217973 |
| &nbsp;&nbsp;&nbsp; Florida Gas Transmission Co. LLC, <br> 5.75%, 07/15/2035<sup>(b)</sup> <br>|  | 5351000 | &nbsp;&nbsp; 5462684 |
| &nbsp;&nbsp;&nbsp; Gulfstream Natural Gas System, <br> L.L.C., 5.60%, 07/23/2035<sup>(b)</sup> <br>|  | 4096000 | &nbsp;&nbsp; 4121358 |
| Kinder Morgan, Inc., | Kinder Morgan, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 06/01/2030 |  | 1417000 | &nbsp;&nbsp; 1446444 |
| &nbsp;&nbsp;&nbsp; 4.80%, 02/01/2033 |  | 36000 | &nbsp;&nbsp; 35417 |
| &nbsp;&nbsp;&nbsp; 5.20%, 06/01/2033 |  | 79000 | &nbsp;&nbsp; 79357 |
| &nbsp;&nbsp;&nbsp; 5.85%, 06/01/2035 |  | 776000 | &nbsp;&nbsp; 801741 |
| MPLX L.P., | MPLX L.P., |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 03/01/2047 |  | 400000 | &nbsp;&nbsp; 347296 |
| &nbsp;&nbsp;&nbsp; 4.95%, 03/14/2052 |  | 31000 | &nbsp;&nbsp; 25617 |
| &nbsp;&nbsp;&nbsp; Northwest Pipeline LLC, 4.00%, <br> 04/01/2027<br>|  | 200000 | &nbsp;&nbsp; 198276 |
| ONEOK, Inc., | ONEOK, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.70%, 11/01/2054 |  | 300000 | &nbsp;&nbsp; 275788 |
| &nbsp;&nbsp;&nbsp; 5.85%, 11/01/2064 |  | 700000 | &nbsp;&nbsp; 646963 |
| &nbsp;&nbsp;&nbsp; Plains All American Pipeline L.P., <br> 5.95%, 06/15/2035<br>|  | 1450000 | &nbsp;&nbsp; 1488973 |
| &nbsp;&nbsp;&nbsp; South Bow USA Infrastructure <br> Holdings LLC (Canada), | &nbsp;&nbsp;&nbsp; South Bow USA Infrastructure <br> Holdings LLC (Canada), |  |  |
| &nbsp;&nbsp;&nbsp; 4.91%, 09/01/2027<sup>(b)</sup> <br>|  | 509000 | &nbsp;&nbsp; 510852 |
| &nbsp;&nbsp;&nbsp; 5.03%, 10/01/2029<sup>(b)</sup> <br>|  | 848000 | &nbsp;&nbsp; 847556 |
| &nbsp;&nbsp;&nbsp; 5.58%, 10/01/2034<sup>(b)</sup> <br>|  | 589000 | &nbsp;&nbsp; 581774 |
| &nbsp;&nbsp;&nbsp; 6.18%, 10/01/2054<sup>(b)</sup> <br>|  | 145000 | &nbsp;&nbsp; 137695 |
| &nbsp;&nbsp;&nbsp; Southern Co. Gas Capital Corp., <br> 5.75%, 09/15/2033<br>|  | 63000 | &nbsp;&nbsp; 65932 |
| Western Midstream Operating L.P., | Western Midstream Operating L.P., |  |  |
| &nbsp;&nbsp;&nbsp; 6.15%, 04/01/2033 |  | 75000 | &nbsp;&nbsp; 78265 |
| &nbsp;&nbsp;&nbsp; 5.45%, 11/15/2034 |  | 373000 | &nbsp;&nbsp; 365892 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Oil & Gas Storage & Transportation–(continued)** | **Oil & Gas Storage & Transportation–(continued)** | **Oil & Gas Storage & Transportation–(continued)** | **Oil & Gas Storage & Transportation–(continued)** |
| Williams Cos., Inc. (The), | Williams Cos., Inc. (The), |  |  |
| &nbsp;&nbsp;&nbsp; 5.30%, 08/15/2028 |  | $268000 | &nbsp;&nbsp; $274498 |
| &nbsp;&nbsp;&nbsp; 4.80%, 11/15/2029 |  | 643000 | &nbsp;&nbsp; 648249 |
| &nbsp;&nbsp;&nbsp; 5.65%, 03/15/2033 |  | 92000 | &nbsp;&nbsp; 95308 |
| &nbsp;&nbsp;&nbsp; 5.15%, 03/15/2034 |  | 162000 | &nbsp;&nbsp; 161425 |
| &nbsp;&nbsp;&nbsp; 5.80%, 11/15/2054 |  | 277000 | &nbsp;&nbsp; 269384 |
| &nbsp;&nbsp;&nbsp; 6.00%, 03/15/2055 |  | 340000 | &nbsp;&nbsp; 339735 |
|  |  |  | &nbsp;&nbsp; 27060225 |
| **Other Specialized REITs–0.04%** | **Other Specialized REITs–0.04%** | **Other Specialized REITs–0.04%** | **Other Specialized REITs–0.04%** |
| &nbsp;&nbsp;&nbsp; Simon Property Group L.P., <br> 4.75%, 09/26/2034<br>|  | 1298000 | &nbsp;&nbsp; 1264521 |
| **Other Specialty Retail–0.00%** | **Other Specialty Retail–0.00%** | **Other Specialty Retail–0.00%** | **Other Specialty Retail–0.00%** |
| &nbsp;&nbsp;&nbsp; Tractor Supply Co., 5.25%, <br> 05/15/2033<br>|  | 39000 | &nbsp;&nbsp; 39678 |
| **Packaged Foods & Meats–0.42%** | **Packaged Foods & Meats–0.42%** | **Packaged Foods & Meats–0.42%** | **Packaged Foods & Meats–0.42%** |
| Campbell's Co. (The), | Campbell's Co. (The), |  |  |
| &nbsp;&nbsp;&nbsp; 5.30%, 03/20/2026 |  | 154000 | &nbsp;&nbsp; 154644 |
| &nbsp;&nbsp;&nbsp; 5.20%, 03/21/2029 |  | 202000 | &nbsp;&nbsp; 206169 |
| &nbsp;&nbsp;&nbsp; 5.40%, 03/21/2034 |  | 229000 | &nbsp;&nbsp; 231395 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/13/2054 |  | 327000 | &nbsp;&nbsp; 295432 |
| &nbsp;&nbsp;&nbsp; Hershey Co. (The), 4.25%, <br> 05/04/2028<br>|  | 440000 | &nbsp;&nbsp; 441660 |
| &nbsp;&nbsp;&nbsp; J.M. Smucker Co. (The), 6.20%, <br> 11/15/2033<br>|  | 86000 | &nbsp;&nbsp; 92001 |
| Mars, Inc., | Mars, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.45%, 03/01/2027<sup>(b)</sup> <br>|  | 2627000 | &nbsp;&nbsp; 2631564 |
| &nbsp;&nbsp;&nbsp; 4.55%, 04/20/2028<sup>(b)</sup> <br>|  | 153000 | &nbsp;&nbsp; 153842 |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/01/2030<sup>(b)</sup> <br>|  | 952000 | &nbsp;&nbsp; 961757 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/2032<sup>(b)</sup> <br>|  | 955000 | &nbsp;&nbsp; 964296 |
| &nbsp;&nbsp;&nbsp; 5.20%, 03/01/2035<sup>(b)</sup> <br>|  | 1894000 | &nbsp;&nbsp; 1904127 |
| &nbsp;&nbsp;&nbsp; 5.65%, 05/01/2045<sup>(b)</sup> <br>|  | 1478000 | &nbsp;&nbsp; 1468980 |
| &nbsp;&nbsp;&nbsp; 5.70%, 05/01/2055<sup>(b)</sup> <br>|  | 1387000 | &nbsp;&nbsp; 1369855 |
| &nbsp;&nbsp;&nbsp; 5.80%, 05/01/2065<sup>(b)</sup> <br>|  | 938000 | &nbsp;&nbsp; 929642 |
| &nbsp;&nbsp;&nbsp; McCormick & Co., Inc., 4.70%, <br> 10/15/2034<br>|  | 936000 | &nbsp;&nbsp; 901849 |
|  |  |  | &nbsp;&nbsp; 12707213 |
| **Paper & Plastic Packaging Products & Materials–0.00%** | **Paper & Plastic Packaging Products & Materials–0.00%** | **Paper & Plastic Packaging Products & Materials–0.00%** | **Paper & Plastic Packaging Products & Materials–0.00%** |
| &nbsp;&nbsp;&nbsp; Berry Global, Inc., 5.65%, <br> 01/15/2034<br>|  | 100000 | &nbsp;&nbsp; 103416 |
| **Passenger Airlines–0.42%** | **Passenger Airlines–0.42%** | **Passenger Airlines–0.42%** | **Passenger Airlines–0.42%** |
| American Airlines Pass-Through Trust, | American Airlines Pass-Through Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1, Class B, 3.95%, <br> 07/11/2030<br>|  | 291270 | &nbsp;&nbsp; 276667 |
| &nbsp;&nbsp;&nbsp; Series 2021-1, Class A, 2.88%, <br> 07/11/2034<br>|  | 60417 | &nbsp;&nbsp; 53440 |
| AS Mileage Plan IP Ltd., | AS Mileage Plan IP Ltd., |  |  |
| &nbsp;&nbsp;&nbsp; 5.02%, 10/20/2029<sup>(b)</sup> <br>|  | 592000 | &nbsp;&nbsp; 587682 |
| &nbsp;&nbsp;&nbsp; 5.31%, 10/20/2031<sup>(b)</sup> <br>|  | 581000 | &nbsp;&nbsp; 576745 |
| Delta Air Lines, Inc., | Delta Air Lines, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 07/10/2028 |  | 7658000 | &nbsp;&nbsp; 7696757 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/10/2030 |  | 2645000 | &nbsp;&nbsp; 2671712 |
| Delta Air Lines, Inc./SkyMiles IP Ltd., | Delta Air Lines, Inc./SkyMiles IP Ltd., |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/20/2025<sup>(b)</sup> <br>|  | 11938 | &nbsp;&nbsp; 11909 |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/20/2028<sup>(b)</sup> <br>|  | 147205 | &nbsp;&nbsp; 147342 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Passenger Airlines–(continued)** | **Passenger Airlines–(continued)** | **Passenger Airlines–(continued)** | **Passenger Airlines–(continued)** |
| United Airlines Pass-Through Trust, | United Airlines Pass-Through Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-1, Class A, 5.88%, <br> 10/15/2027<br>|  | $66011 | &nbsp;&nbsp; $67325 |
| &nbsp;&nbsp;&nbsp; Series 2019-2, Class AA, <br> 2.70%, 05/01/2032<br>|  | 3785 | &nbsp;&nbsp; 3394 |
| &nbsp;&nbsp;&nbsp; Series AA, 5.45%, <br> 02/15/2037<br>|  | 664169 | &nbsp;&nbsp; 674707 |
|  |  |  | &nbsp;&nbsp; 12767680 |
| **Passenger Ground Transportation–0.07%** | **Passenger Ground Transportation–0.07%** | **Passenger Ground Transportation–0.07%** | **Passenger Ground Transportation–0.07%** |
| Uber Technologies, Inc., | Uber Technologies, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.30%, 01/15/2030 |  | 1495000 | &nbsp;&nbsp; 1483224 |
| &nbsp;&nbsp;&nbsp; 5.35%, 09/15/2054 |  | 714000 | &nbsp;&nbsp; 667439 |
|  |  |  | &nbsp;&nbsp; 2150663 |
| **Personal Care Products–0.01%** | **Personal Care Products–0.01%** | **Personal Care Products–0.01%** | **Personal Care Products–0.01%** |
| &nbsp;&nbsp;&nbsp; Estee Lauder Cos., Inc. (The), <br> 4.65%, 05/15/2033<br>|  | 120000 | &nbsp;&nbsp; 118578 |
| Kenvue, Inc., | Kenvue, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/22/2028 |  | 60000 | &nbsp;&nbsp; 61290 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/22/2030 |  | 90000 | &nbsp;&nbsp; 92245 |
| &nbsp;&nbsp;&nbsp; 4.90%, 03/22/2033 |  | 99000 | &nbsp;&nbsp; 100178 |
| &nbsp;&nbsp;&nbsp; 5.20%, 03/22/2063 |  | 47000 | &nbsp;&nbsp; 42943 |
|  |  |  | &nbsp;&nbsp; 415234 |
| **Pharmaceuticals–0.61%** | **Pharmaceuticals–0.61%** | **Pharmaceuticals–0.61%** | **Pharmaceuticals–0.61%** |
| &nbsp;&nbsp;&nbsp; AstraZeneca Finance LLC (United <br> Kingdom), | &nbsp;&nbsp;&nbsp; AstraZeneca Finance LLC (United <br> Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp; 4.80%, 02/26/2027 |  | 438000 | &nbsp;&nbsp; 441983 |
| &nbsp;&nbsp;&nbsp; 4.85%, 02/26/2029 |  | 240000 | &nbsp;&nbsp; 244393 |
| &nbsp;&nbsp;&nbsp; 4.90%, 02/26/2031 |  | 321000 | &nbsp;&nbsp; 329140 |
| Bristol-Myers Squibb Co., | Bristol-Myers Squibb Co., |  |  |
| &nbsp;&nbsp;&nbsp; 4.90%, 02/22/2027 |  | 120000 | &nbsp;&nbsp; 121252 |
| &nbsp;&nbsp;&nbsp; 4.90%, 02/22/2029 |  | 122000 | &nbsp;&nbsp; 124384 |
| &nbsp;&nbsp;&nbsp; 5.75%, 02/01/2031 |  | 259000 | &nbsp;&nbsp; 274852 |
| &nbsp;&nbsp;&nbsp; 5.90%, 11/15/2033 |  | 114000 | &nbsp;&nbsp; 121905 |
| &nbsp;&nbsp;&nbsp; 6.25%, 11/15/2053 |  | 69000 | &nbsp;&nbsp; 73493 |
| &nbsp;&nbsp;&nbsp; 6.40%, 11/15/2063 |  | 89000 | &nbsp;&nbsp; 95427 |
| Eli Lilly and Co., | Eli Lilly and Co., |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/09/2027 |  | 720000 | &nbsp;&nbsp; 723789 |
| &nbsp;&nbsp;&nbsp; 3.38%, 03/15/2029 |  | 200000 | &nbsp;&nbsp; 194950 |
| &nbsp;&nbsp;&nbsp; 4.20%, 08/14/2029 |  | 220000 | &nbsp;&nbsp; 220007 |
| &nbsp;&nbsp;&nbsp; 4.70%, 02/09/2034 |  | 281000 | &nbsp;&nbsp; 280032 |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/27/2053 |  | 56000 | &nbsp;&nbsp; 50699 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/09/2054 |  | 162000 | &nbsp;&nbsp; 149651 |
| &nbsp;&nbsp;&nbsp; 5.10%, 02/09/2064 |  | 215000 | &nbsp;&nbsp; 197638 |
| &nbsp;&nbsp;&nbsp; 5.20%, 08/14/2064 |  | 191000 | &nbsp;&nbsp; 178559 |
| &nbsp;&nbsp;&nbsp; Johnson & Johnson, 4.50%, <br> 03/01/2027<br>|  | 1957000 | &nbsp;&nbsp; 1969841 |
| Merck & Co., Inc., | Merck & Co., Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.90%, 05/17/2044 |  | 178000 | &nbsp;&nbsp; 165126 |
| &nbsp;&nbsp;&nbsp; 5.15%, 05/17/2063 |  | 66000 | &nbsp;&nbsp; 60139 |
| Novartis Capital Corp., | Novartis Capital Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 3.80%, 09/18/2029 |  | 1030000 | &nbsp;&nbsp; 1016876 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/18/2031 |  | 807000 | &nbsp;&nbsp; 790648 |
| &nbsp;&nbsp;&nbsp; 4.20%, 09/18/2034 |  | 1140000 | &nbsp;&nbsp; 1094479 |
| &nbsp;&nbsp;&nbsp; 4.70%, 09/18/2054 |  | 703000 | &nbsp;&nbsp; 623430 |
| &nbsp;&nbsp;&nbsp; Pfizer Investment Enterprises Pte. <br> Ltd., 4.75%, 05/19/2033<br>|  | 125000 | &nbsp;&nbsp; 124299 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Pharmaceuticals–(continued)** | **Pharmaceuticals–(continued)** | **Pharmaceuticals–(continued)** | **Pharmaceuticals–(continued)** |
| Takeda U.S. Financing, Inc., | Takeda U.S. Financing, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 07/07/2035 |  | $4270000 | &nbsp;&nbsp; $4255615 |
| &nbsp;&nbsp;&nbsp; 5.90%, 07/07/2055 |  | 4518000 | &nbsp;&nbsp; 4515604 |
|  |  |  | &nbsp;&nbsp; 18438211 |
| **Property & Casualty Insurance–0.10%** | **Property & Casualty Insurance–0.10%** | **Property & Casualty Insurance–0.10%** | **Property & Casualty Insurance–0.10%** |
| &nbsp;&nbsp;&nbsp; Fairfax Financial Holdings Ltd. <br> (Canada), | &nbsp;&nbsp;&nbsp; Fairfax Financial Holdings Ltd. <br> (Canada), |  |  |
| &nbsp;&nbsp;&nbsp; 6.35%, 03/22/2054 |  | 220000 | &nbsp;&nbsp; 222018 |
| &nbsp;&nbsp;&nbsp; 6.10%, 03/15/2055 |  | 685000 | &nbsp;&nbsp; 666079 |
| Travelers Cos., Inc. (The), | Travelers Cos., Inc. (The), |  |  |
| &nbsp;&nbsp;&nbsp; 5.05%, 07/24/2035 |  | 825000 | &nbsp;&nbsp; 827373 |
| &nbsp;&nbsp;&nbsp; 5.45%, 05/25/2053 |  | 38000 | &nbsp;&nbsp; 36959 |
| &nbsp;&nbsp;&nbsp; 5.70%, 07/24/2055 |  | 1376000 | &nbsp;&nbsp; 1386798 |
|  |  |  | &nbsp;&nbsp; 3139227 |
| **Rail Transportation–0.09%** | **Rail Transportation–0.09%** | **Rail Transportation–0.09%** | **Rail Transportation–0.09%** |
| Canadian Pacific Railway Co. (Canada), | Canadian Pacific Railway Co. (Canada), |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 03/30/2035 |  | 870000 | &nbsp;&nbsp; 881108 |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/15/2115 |  | 220000 | &nbsp;&nbsp; 223650 |
| CSX Corp., 5.20%, 11/15/2033 |  | 400000 | &nbsp;&nbsp; 411912 |
| TTX Co., 5.05%, 11/15/2034<sup>(b)</sup> <br>|  | 1145000 | &nbsp;&nbsp; 1158678 |
|  |  |  | &nbsp;&nbsp; 2675348 |
| **Real Estate Development–0.02%** | **Real Estate Development–0.02%** | **Real Estate Development–0.02%** | **Real Estate Development–0.02%** |
| &nbsp;&nbsp;&nbsp; Piedmont Operating Partnership <br> L.P., 6.88%, 07/15/2029<br>|  | 644000 | &nbsp;&nbsp; 674002 |
| **Regional Banks–0.04%** | **Regional Banks–0.04%** | **Regional Banks–0.04%** | **Regional Banks–0.04%** |
| M&T Bank Corp., | M&T Bank Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 6.08%, 03/13/2032<sup>(c)</sup> <br>|  | 400000 | &nbsp;&nbsp; 421018 |
| &nbsp;&nbsp;&nbsp; 5.39%, 01/16/2036<sup>(c)</sup> <br>|  | 220000 | &nbsp;&nbsp; 219281 |
| &nbsp;&nbsp;&nbsp; Santander Holdings USA, Inc., <br> 6.12%, 05/31/2027<sup>(c)</sup> <br>|  | 110000 | &nbsp;&nbsp; 111143 |
| &nbsp;&nbsp;&nbsp; Truist Financial Corp., Series P, <br> 4.95%<sup>(c)(e)</sup> <br>|  | 271000 | &nbsp;&nbsp; 271144 |
| &nbsp;&nbsp;&nbsp; Zions Bancorporation N.A., <br> 6.82%, 11/19/2035<sup>(c)</sup> <br>|  | 300000 | &nbsp;&nbsp; 313322 |
|  |  |  | &nbsp;&nbsp; 1335908 |
| **Reinsurance–0.05%** | **Reinsurance–0.05%** | **Reinsurance–0.05%** | **Reinsurance–0.05%** |
| &nbsp;&nbsp;&nbsp; Berkshire Hathaway Finance Corp., <br> 1.85%, 03/12/2030<br>|  | 300000 | &nbsp;&nbsp; 270738 |
| &nbsp;&nbsp;&nbsp; Fortitude Group Holdings LLC, <br> 6.25%, 04/01/2030<sup>(b)</sup> <br>|  | 567000 | &nbsp;&nbsp; 581734 |
| &nbsp;&nbsp;&nbsp; Global Atlantic (Fin) Co., 6.75%, <br> 03/15/2054<sup>(b)</sup> <br>|  | 492000 | &nbsp;&nbsp; 507263 |
| &nbsp;&nbsp;&nbsp; Reinsurance Group of America, <br> Inc., 5.75%, 09/15/2034<br>|  | 100000 | &nbsp;&nbsp; 102637 |
|  |  |  | &nbsp;&nbsp; 1462372 |
| **Renewable Electricity–0.01%** | **Renewable Electricity–0.01%** | **Renewable Electricity–0.01%** | **Renewable Electricity–0.01%** |
| &nbsp;&nbsp;&nbsp; Idaho Power Co., 5.20%, <br> 08/15/2034<br>|  | 152000 | &nbsp;&nbsp; 154582 |
| **Restaurants–0.09%** | **Restaurants–0.09%** | **Restaurants–0.09%** | **Restaurants–0.09%** |
| McDonald's Corp., | McDonald's Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.80%, 08/14/2028 |  | 370000 | &nbsp;&nbsp; 375442 |
| &nbsp;&nbsp;&nbsp; 4.60%, 05/15/2030 |  | 1334000 | &nbsp;&nbsp; 1342830 |
| &nbsp;&nbsp;&nbsp; 4.95%, 08/14/2033 |  | 217000 | &nbsp;&nbsp; 220323 |
| &nbsp;&nbsp;&nbsp; 4.95%, 03/03/2035 |  | 817000 | &nbsp;&nbsp; 814720 |
|  |  |  | &nbsp;&nbsp; 2753315 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Retail REITs–0.27%** | **Retail REITs–0.27%** | **Retail REITs–0.27%** | **Retail REITs–0.27%** |
| Agree L.P., 5.63%, 06/15/2034 |  | $191000 | &nbsp;&nbsp; $195276 |
| &nbsp;&nbsp;&nbsp; Brixmor Operating Partnership L.P., <br> 5.75%, 02/15/2035<br>|  | 146000 | &nbsp;&nbsp; 149940 |
| &nbsp;&nbsp;&nbsp; Federal Realty OP L.P., 3.25%, <br> 07/15/2027<br>|  | 500000 | &nbsp;&nbsp; 489430 |
| Kimco Realty OP LLC, | Kimco Realty OP LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 4.85%, 03/01/2035 |  | 419000 | &nbsp;&nbsp; 409687 |
| &nbsp;&nbsp;&nbsp; 5.30%, 02/01/2036 |  | 4148000 | &nbsp;&nbsp; 4157873 |
| Kite Realty Group L.P., | Kite Realty Group L.P., |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 12/15/2031 |  | 397000 | &nbsp;&nbsp; 397353 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/01/2034 |  | 59000 | &nbsp;&nbsp; 60165 |
| NNN REIT, Inc., | NNN REIT, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.60%, 10/15/2033 |  | 61000 | &nbsp;&nbsp; 62990 |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/15/2034 |  | 183000 | &nbsp;&nbsp; 186681 |
| Realty Income Corp., | Realty Income Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 3.65%, 01/15/2028 |  | 110000 | &nbsp;&nbsp; 108211 |
| &nbsp;&nbsp;&nbsp; 5.63%, 10/13/2032 |  | 29000 | &nbsp;&nbsp; 30295 |
| &nbsp;&nbsp;&nbsp; 5.13%, 04/15/2035 |  | 391000 | &nbsp;&nbsp; 391643 |
| &nbsp;&nbsp;&nbsp; 5.38%, 09/01/2054 |  | 132000 | &nbsp;&nbsp; 125832 |
| Regency Centers L.P., | Regency Centers L.P., |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/15/2032 |  | 1009000 | &nbsp;&nbsp; 1019983 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/15/2034 |  | 227000 | &nbsp;&nbsp; 230557 |
| &nbsp;&nbsp;&nbsp; 5.10%, 01/15/2035 |  | 192000 | &nbsp;&nbsp; 192028 |
|  |  |  | &nbsp;&nbsp; 8207944 |
| **Self-Storage REITs–0.38%** | **Self-Storage REITs–0.38%** | **Self-Storage REITs–0.38%** | **Self-Storage REITs–0.38%** |
| &nbsp;&nbsp;&nbsp; Americold Realty Operating <br> Partnership L.P., | &nbsp;&nbsp;&nbsp; Americold Realty Operating <br> Partnership L.P., |  |  |
| &nbsp;&nbsp;&nbsp; 5.60%, 05/15/2032 |  | 1536000 | &nbsp;&nbsp; 1538414 |
| &nbsp;&nbsp;&nbsp; 5.41%, 09/12/2034 |  | 581000 | &nbsp;&nbsp; 565291 |
| Extra Space Storage L.P., | Extra Space Storage L.P., |  |  |
| &nbsp;&nbsp;&nbsp; 5.70%, 04/01/2028 |  | 32000 | &nbsp;&nbsp; 32903 |
| &nbsp;&nbsp;&nbsp; 5.40%, 02/01/2034 |  | 234000 | &nbsp;&nbsp; 237132 |
| &nbsp;&nbsp;&nbsp; Goodman US Finance Six LLC <br> (Australia), 5.13%, <br> 10/07/2034<sup>(b)</sup> <br>|  | 156000 | &nbsp;&nbsp; 154860 |
| Prologis L.P., | Prologis L.P., |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/15/2028 |  | 105000 | &nbsp;&nbsp; 106676 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/2031 |  | 2760000 | &nbsp;&nbsp; 2784572 |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/15/2033 |  | 58000 | &nbsp;&nbsp; 57536 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/15/2033 |  | 118000 | &nbsp;&nbsp; 117310 |
| &nbsp;&nbsp;&nbsp; 5.13%, 01/15/2034 |  | 69000 | &nbsp;&nbsp; 69788 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/2034 |  | 699000 | &nbsp;&nbsp; 698972 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/31/2035 |  | 574000 | &nbsp;&nbsp; 572948 |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/15/2035 |  | 1609000 | &nbsp;&nbsp; 1629542 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/15/2054 |  | 635000 | &nbsp;&nbsp; 593605 |
| Public Storage Operating Co., | Public Storage Operating Co., |  |  |
| &nbsp;&nbsp;&nbsp; 5.05% (SOFR + 0.70%), <br> 04/16/2027<sup>(d)</sup> <br>|  | 2142000 | &nbsp;&nbsp; 2146552 |
| &nbsp;&nbsp;&nbsp; 5.35%, 08/01/2053 |  | 190000 | &nbsp;&nbsp; 180715 |
|  |  |  | &nbsp;&nbsp; 11486816 |
| **Semiconductors–0.71%** | **Semiconductors–0.71%** | **Semiconductors–0.71%** | **Semiconductors–0.71%** |
| Broadcom, Inc., | Broadcom, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.15%, 02/15/2028 |  | 2007000 | &nbsp;&nbsp; 1997070 |
| &nbsp;&nbsp;&nbsp; 5.05%, 07/12/2029 |  | 623000 | &nbsp;&nbsp; 636004 |
| &nbsp;&nbsp;&nbsp; 5.15%, 11/15/2031 |  | 539000 | &nbsp;&nbsp; 552498 |
| &nbsp;&nbsp;&nbsp; 5.20%, 07/15/2035 |  | 3445000 | &nbsp;&nbsp; 3462610 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Semiconductors–(continued)** | **Semiconductors–(continued)** | **Semiconductors–(continued)** | **Semiconductors–(continued)** |
| Foundry JV Holdco LLC, | Foundry JV Holdco LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 5.90%, 01/25/2030<sup>(b)</sup> <br>|  | $1188000 | &nbsp;&nbsp; $1239816 |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/25/2031<sup>(b)</sup> <br>|  | 1146000 | &nbsp;&nbsp; 1170437 |
| &nbsp;&nbsp;&nbsp; 6.15%, 01/25/2032<sup>(b)</sup> <br>|  | 1161000 | &nbsp;&nbsp; 1215560 |
| &nbsp;&nbsp;&nbsp; 5.90%, 01/25/2033<sup>(b)</sup> <br>|  | 499000 | &nbsp;&nbsp; 513240 |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/25/2034<sup>(b)</sup> <br>|  | 995000 | &nbsp;&nbsp; 1005654 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/25/2035<sup>(b)</sup> <br>|  | 1013000 | &nbsp;&nbsp; 1056318 |
| &nbsp;&nbsp;&nbsp; 6.10%, 01/25/2036<sup>(b)</sup> <br>|  | 884000 | &nbsp;&nbsp; 904429 |
| &nbsp;&nbsp;&nbsp; 6.20%, 01/25/2037<sup>(b)</sup> <br>|  | 916000 | &nbsp;&nbsp; 942556 |
| &nbsp;&nbsp;&nbsp; 6.40%, 01/25/2038<sup>(b)</sup> <br>|  | 685000 | &nbsp;&nbsp; 713260 |
| &nbsp;&nbsp;&nbsp; 6.30%, 01/25/2039<sup>(b)</sup> <br>|  | 950000 | &nbsp;&nbsp; 979114 |
| Intel Corp., | Intel Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 3.15%, 05/11/2027 |  | 250000 | &nbsp;&nbsp; 244111 |
| &nbsp;&nbsp;&nbsp; 3.75%, 08/05/2027 |  | 100000 | &nbsp;&nbsp; 98553 |
| &nbsp;&nbsp;&nbsp; 3.90%, 03/25/2030 |  | 200000 | &nbsp;&nbsp; 192540 |
| &nbsp;&nbsp;&nbsp; 2.00%, 08/12/2031 |  | 300000 | &nbsp;&nbsp; 255328 |
| &nbsp;&nbsp;&nbsp; 4.15%, 08/05/2032 |  | 100000 | &nbsp;&nbsp; 94108 |
| &nbsp;&nbsp;&nbsp; 5.05%, 08/05/2062 |  | 110000 | &nbsp;&nbsp; 86728 |
| Micron Technology, Inc., | Micron Technology, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.30%, 01/15/2031 |  | 189000 | &nbsp;&nbsp; 192943 |
| &nbsp;&nbsp;&nbsp; 5.65%, 11/01/2032 |  | 1172000 | &nbsp;&nbsp; 1212033 |
| &nbsp;&nbsp;&nbsp; 6.05%, 11/01/2035 |  | 2611000 | &nbsp;&nbsp; 2718872 |
| &nbsp;&nbsp;&nbsp; NXP BV/NXP Funding LLC/NXP USA, <br> Inc. (Netherlands), 2.65%, <br> 02/15/2032<br>|  | 220000 | &nbsp;&nbsp; 192010 |
|  |  |  | &nbsp;&nbsp; 21675792 |
| **Single-Family Residential REITs–0.03%** | **Single-Family Residential REITs–0.03%** | **Single-Family Residential REITs–0.03%** | **Single-Family Residential REITs–0.03%** |
| American Homes 4 Rent L.P., | American Homes 4 Rent L.P., |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/15/2034 |  | 466000 | &nbsp;&nbsp; 472526 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/15/2035 |  | 377000 | &nbsp;&nbsp; 374420 |
|  |  |  | &nbsp;&nbsp; 846946 |
| **Soft Drinks & Non-alcoholic Beverages–0.75%** | **Soft Drinks & Non-alcoholic Beverages–0.75%** | **Soft Drinks & Non-alcoholic Beverages–0.75%** | **Soft Drinks & Non-alcoholic Beverages–0.75%** |
| Coca-Cola Co. (The), | Coca-Cola Co. (The), |  |  |
| &nbsp;&nbsp;&nbsp; 5.30%, 05/13/2054 |  | 424000 | &nbsp;&nbsp; 410900 |
| &nbsp;&nbsp;&nbsp; 5.40%, 05/13/2064 |  | 634000 | &nbsp;&nbsp; 613296 |
| Keurig Dr Pepper, Inc., | Keurig Dr Pepper, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.35%, 05/15/2028 |  | 1218000 | &nbsp;&nbsp; 1216292 |
| &nbsp;&nbsp;&nbsp; 4.60%, 05/15/2030 |  | 2602000 | &nbsp;&nbsp; 2602648 |
| &nbsp;&nbsp;&nbsp; 5.15%, 05/15/2035 |  | 782000 | &nbsp;&nbsp; 778269 |
| PepsiCo, Inc., | PepsiCo, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.10%, 01/15/2029 |  | 4931000 | &nbsp;&nbsp; 4908440 |
| &nbsp;&nbsp;&nbsp; 4.60%, 02/07/2030 |  | 925000 | &nbsp;&nbsp; 938542 |
| &nbsp;&nbsp;&nbsp; 4.30%, 07/23/2030 |  | 2310000 | &nbsp;&nbsp; 2300235 |
| &nbsp;&nbsp;&nbsp; 4.65%, 07/23/2032 |  | 2666000 | &nbsp;&nbsp; 2664992 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/07/2035 |  | 975000 | &nbsp;&nbsp; 984762 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/23/2035 |  | 5473000 | &nbsp;&nbsp; 5486803 |
|  |  |  | &nbsp;&nbsp; 22905179 |
| **Sovereign Debt–0.18%** | **Sovereign Debt–0.18%** | **Sovereign Debt–0.18%** | **Sovereign Debt–0.18%** |
| &nbsp;&nbsp;&nbsp; Republic of Poland Government <br> International Bond (Poland), <br> 5.38%, 02/12/2035<br>|  | 5370000 | &nbsp;&nbsp; 5487451 |
| **Specialized Consumer Services–0.21%** | **Specialized Consumer Services–0.21%** | **Specialized Consumer Services–0.21%** | **Specialized Consumer Services–0.21%** |
| Rentokil Terminix Funding LLC, | Rentokil Terminix Funding LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/28/2030<sup>(b)</sup> <br>|  | 3896000 | &nbsp;&nbsp; 3914904 |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/28/2035<sup>(b)</sup> <br>|  | 2425000 | &nbsp;&nbsp; 2456898 |
|  |  |  | &nbsp;&nbsp; 6371802 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Specialized Finance–0.02%** | **Specialized Finance–0.02%** | **Specialized Finance–0.02%** | **Specialized Finance–0.02%** |
| Blackstone Private Credit Fund, | Blackstone Private Credit Fund, |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 09/26/2027 |  | $513000 | &nbsp;&nbsp; $511258 |
| &nbsp;&nbsp;&nbsp; 6.00%, 11/22/2034 |  | 100000 | &nbsp;&nbsp; 99407 |
|  |  |  | &nbsp;&nbsp; 610665 |
| **Specialty Chemicals–0.40%** | **Specialty Chemicals–0.40%** | **Specialty Chemicals–0.40%** | **Specialty Chemicals–0.40%** |
| Sherwin-Williams Co. (The), | Sherwin-Williams Co. (The), |  |  |
| &nbsp;&nbsp;&nbsp; 4.30%, 08/15/2028 |  | 7768000 | &nbsp;&nbsp; 7755793 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/15/2030 |  | 3204000 | &nbsp;&nbsp; 3193942 |
| &nbsp;&nbsp;&nbsp; 5.15%, 08/15/2035 |  | 1176000 | &nbsp;&nbsp; 1173939 |
|  |  |  | &nbsp;&nbsp; 12123674 |
| **Systems Software–0.18%** | **Systems Software–0.18%** | **Systems Software–0.18%** | **Systems Software–0.18%** |
| Oracle Corp., | Oracle Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 11/09/2032 |  | 49000 | &nbsp;&nbsp; 52762 |
| &nbsp;&nbsp;&nbsp; 4.90%, 02/06/2033 |  | 77000 | &nbsp;&nbsp; 76767 |
| &nbsp;&nbsp;&nbsp; 4.70%, 09/27/2034 |  | 1026000 | &nbsp;&nbsp; 986218 |
| &nbsp;&nbsp;&nbsp; 6.90%, 11/09/2052 |  | 43000 | &nbsp;&nbsp; 47203 |
| &nbsp;&nbsp;&nbsp; 5.38%, 09/27/2054 |  | 1041000 | &nbsp;&nbsp; 938464 |
| &nbsp;&nbsp;&nbsp; 6.00%, 08/03/2055 |  | 727000 | &nbsp;&nbsp; 712689 |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/27/2064 |  | 1697000 | &nbsp;&nbsp; 1517345 |
| &nbsp;&nbsp;&nbsp; 6.13%, 08/03/2065 |  | 1199000 | &nbsp;&nbsp; 1178835 |
|  |  |  | &nbsp;&nbsp; 5510283 |
| **Technology Distributors–0.01%** | **Technology Distributors–0.01%** | **Technology Distributors–0.01%** | **Technology Distributors–0.01%** |
| &nbsp;&nbsp;&nbsp; Arrow Electronics, Inc., 5.88%, <br> 04/10/2034<br>|  | 150000 | &nbsp;&nbsp; 154315 |
| **Technology Hardware, Storage & Peripherals–0.14%** | **Technology Hardware, Storage & Peripherals–0.14%** | **Technology Hardware, Storage & Peripherals–0.14%** | **Technology Hardware, Storage & Peripherals–0.14%** |
| &nbsp;&nbsp;&nbsp; Dell International LLC/EMC Corp., <br> 5.50%, 04/01/2035<br>|  | 3283000 | &nbsp;&nbsp; 3320703 |
| &nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co., <br> 5.00%, 10/15/2034<br>|  | 778000 | &nbsp;&nbsp; 755010 |
| &nbsp;&nbsp;&nbsp; NetApp, Inc., 5.50%, <br> 03/17/2032<br>|  | 200000 | &nbsp;&nbsp; 205515 |
|  |  |  | &nbsp;&nbsp; 4281228 |
| **Telecom Tower REITs–0.01%** | **Telecom Tower REITs–0.01%** | **Telecom Tower REITs–0.01%** | **Telecom Tower REITs–0.01%** |
| &nbsp;&nbsp;&nbsp; Crown Castle, Inc., 5.00%, <br> 01/11/2028<br>|  | 150000 | &nbsp;&nbsp; 151305 |
| **Tobacco–0.41%** | **Tobacco–0.41%** | **Tobacco–0.41%** | **Tobacco–0.41%** |
| &nbsp;&nbsp;&nbsp; Altria Group, Inc., 4.88%, <br> 02/04/2028<br>|  | 288000 | &nbsp;&nbsp; 290764 |
| &nbsp;&nbsp;&nbsp; B.A.T Capital Corp. (United <br> Kingdom), 3.56%, <br> 08/15/2027<br>|  | 110000 | &nbsp;&nbsp; 107987 |
| B.A.T. Capital Corp. (United Kingdom), | B.A.T. Capital Corp. (United Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp; 5.83%, 02/20/2031 |  | 151000 | &nbsp;&nbsp; 158188 |
| &nbsp;&nbsp;&nbsp; 4.74%, 03/16/2032 |  | 100000 | &nbsp;&nbsp; 99066 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/20/2034 |  | 68000 | &nbsp;&nbsp; 71652 |
| &nbsp;&nbsp;&nbsp; 7.08%, 08/02/2043 |  | 253000 | &nbsp;&nbsp; 278662 |
| &nbsp;&nbsp;&nbsp; 7.08%, 08/02/2053 |  | 38000 | &nbsp;&nbsp; 42396 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Tobacco–(continued)** | **Tobacco–(continued)** | **Tobacco–(continued)** | **Tobacco–(continued)** |
| Philip Morris International, Inc., | Philip Morris International, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/12/2027 |  | $785000 | &nbsp;&nbsp; $789580 |
| &nbsp;&nbsp;&nbsp; 4.38%, 11/01/2027 |  | 965000 | &nbsp;&nbsp; 965972 |
| &nbsp;&nbsp;&nbsp; 5.13%, 11/17/2027 |  | 66000 | &nbsp;&nbsp; 67064 |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/15/2028 |  | 235000 | &nbsp;&nbsp; 237981 |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/28/2028 |  | 857000 | &nbsp;&nbsp; 851759 |
| &nbsp;&nbsp;&nbsp; 5.25%, 09/07/2028 |  | 217000 | &nbsp;&nbsp; 222312 |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/13/2029 |  | 598000 | &nbsp;&nbsp; 606207 |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/01/2029 |  | 1142000 | &nbsp;&nbsp; 1148652 |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/30/2030 |  | 1316000 | &nbsp;&nbsp; 1307556 |
| &nbsp;&nbsp;&nbsp; 2.10%, 05/01/2030 |  | 200000 | &nbsp;&nbsp; 179447 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/13/2031 |  | 150000 | &nbsp;&nbsp; 153230 |
| &nbsp;&nbsp;&nbsp; 4.75%, 11/01/2031 |  | 895000 | &nbsp;&nbsp; 896337 |
| &nbsp;&nbsp;&nbsp; 5.38%, 02/15/2033 |  | 279000 | &nbsp;&nbsp; 286488 |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/07/2033 |  | 350000 | &nbsp;&nbsp; 364189 |
| &nbsp;&nbsp;&nbsp; 5.25%, 02/13/2034 |  | 550000 | &nbsp;&nbsp; 557093 |
| &nbsp;&nbsp;&nbsp; 4.90%, 11/01/2034 |  | 1453000 | &nbsp;&nbsp; 1434732 |
| &nbsp;&nbsp;&nbsp; 4.88%, 04/30/2035 |  | 1235000 | &nbsp;&nbsp; 1210336 |
| &nbsp;&nbsp;&nbsp; 4.38%, 11/15/2041 |  | 100000 | &nbsp;&nbsp; 86679 |
|  |  |  | &nbsp;&nbsp; 12414329 |
| **Trading Companies & Distributors–0.09%** | **Trading Companies & Distributors–0.09%** | **Trading Companies & Distributors–0.09%** | **Trading Companies & Distributors–0.09%** |
| &nbsp;&nbsp;&nbsp; Ferguson Enterprises, Inc., <br> 5.00%, 10/03/2034<br>|  | 466000 | &nbsp;&nbsp; 460269 |
| Mitsubishi Corp. (Japan), | Mitsubishi Corp. (Japan), |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/02/2029<sup>(b)</sup> <br>|  | 1211000 | &nbsp;&nbsp; 1236064 |
| &nbsp;&nbsp;&nbsp; 5.13%, 07/17/2034<sup>(b)</sup> <br>|  | 944000 | &nbsp;&nbsp; 959787 |
|  |  |  | &nbsp;&nbsp; 2656120 |
| **Transaction & Payment Processing Services–0.04%** | **Transaction & Payment Processing Services–0.04%** | **Transaction & Payment Processing Services–0.04%** | **Transaction & Payment Processing Services–0.04%** |
| Fiserv, Inc., | Fiserv, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 08/21/2028 |  | 288000 | &nbsp;&nbsp; 295134 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/21/2033 |  | 179000 | &nbsp;&nbsp; 184514 |
| &nbsp;&nbsp;&nbsp; 5.45%, 03/15/2034 |  | 475000 | &nbsp;&nbsp; 482415 |
| &nbsp;&nbsp;&nbsp; Mastercard, Inc., 4.85%, <br> 03/09/2033<br>|  | 131000 | &nbsp;&nbsp; 132906 |
|  |  |  | &nbsp;&nbsp; 1094969 |
| **Water Utilities–0.00%** | **Water Utilities–0.00%** | **Water Utilities–0.00%** | **Water Utilities–0.00%** |
| &nbsp;&nbsp;&nbsp; United Utilities PLC (United <br> Kingdom), 6.88%, <br> 08/15/2028<br>|  | 110000 | &nbsp;&nbsp; 117036 |
| **Wireless Telecommunication Services–0.01%** | **Wireless Telecommunication Services–0.01%** | **Wireless Telecommunication Services–0.01%** | **Wireless Telecommunication Services–0.01%** |
| &nbsp;&nbsp;&nbsp; America Movil S.A.B. de C.V. <br> (Mexico), 6.13%, 03/30/2040<br>|  | 220000 | &nbsp;&nbsp; 229194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes <br> (Cost $1,145,878,717) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes <br> (Cost $1,145,878,717) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes <br> (Cost $1,145,878,717) | &nbsp;&nbsp; 1156095836 |
| **U.S. Government Sponsored Agency Mortgage-Backed** <br> **Securities–31.06%** | **U.S. Government Sponsored Agency Mortgage-Backed** <br> **Securities–31.06%** | **U.S. Government Sponsored Agency Mortgage-Backed** <br> **Securities–31.06%** | **U.S. Government Sponsored Agency Mortgage-Backed** <br> **Securities–31.06%** |
| **Collateralized Mortgage Obligations–0.14%** | **Collateralized Mortgage Obligations–0.14%** | **Collateralized Mortgage Obligations–0.14%** | **Collateralized Mortgage Obligations–0.14%** |
| Fannie Mae Interest STRIPS, | Fannie Mae Interest STRIPS, |  |  |
| &nbsp;&nbsp;&nbsp; IO, <br>6.50%, 04/25/2029 to <br> 02/25/2033<sup>(g)(h)</sup> <br>|  | 664758 | &nbsp;&nbsp; 85563 |
| &nbsp;&nbsp;&nbsp; 7.50%, 11/25/2029<sup>(g)</sup> <br>|  | 3499 | &nbsp;&nbsp; 360 |
| &nbsp;&nbsp;&nbsp; 7.00%, 04/25/2032<sup>(g)</sup> <br>|  | 399273 | &nbsp;&nbsp; 56386 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/25/2033 to <br> 03/25/2036<sup>(g)(h)</sup> <br>|  | 463982 | &nbsp;&nbsp; 69863 |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/25/2033 to <br> 06/25/2035<sup>(g)(h)</sup> <br>|  | 815370 | &nbsp;&nbsp; 109713 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** |
| Fannie Mae REMICs, | Fannie Mae REMICs, |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 07/25/2026 |  | $64 | &nbsp;&nbsp; $64 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/25/2028 to <br> 10/25/2031<br>|  | 53148 | &nbsp;&nbsp; 53784 |
| &nbsp;&nbsp;&nbsp; 6.00%, 11/25/2028 |  | 26276 | &nbsp;&nbsp; 26593 |
| &nbsp;&nbsp;&nbsp; 7.50%, 12/25/2029 |  | 128858 | &nbsp;&nbsp; 130886 |
| &nbsp;&nbsp;&nbsp; 5.46% (30 Day Average SOFR + <br> 1.11%), 07/25/2032<sup>(d)</sup> <br>|  | 29168 | &nbsp;&nbsp; 29464 |
| &nbsp;&nbsp;&nbsp; 4.86% (30 Day Average SOFR + <br> 0.51%), 03/25/2033<sup>(d)</sup> <br>|  | 8082 | &nbsp;&nbsp; 8032 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/25/2035 |  | 555167 | &nbsp;&nbsp; 569106 |
| &nbsp;&nbsp;&nbsp; 4.71% (30 Day Average SOFR + <br> 0.36%), 08/25/2035<sup>(d)</sup> <br>|  | 19793 | &nbsp;&nbsp; 19641 |
| &nbsp;&nbsp;&nbsp; 7.83% (24.20% - (3.67 x <br> (30 Day Average SOFR + <br> 0.11%))), 06/25/2036<sup>(d)</sup> <br>|  | 71230 | &nbsp;&nbsp; 81979 |
| &nbsp;&nbsp;&nbsp; 5.40% (30 Day Average SOFR + <br> 1.05%), 06/25/2037<sup>(d)</sup> <br>|  | 56110 | &nbsp;&nbsp; 56705 |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/25/2041 |  | 39384 | &nbsp;&nbsp; 37487 |
| &nbsp;&nbsp;&nbsp; IO, <br>3.69% (8.15% - (30 Day <br> Average SOFR + 0.11%)), <br> 04/25/2027<sup>(d)(g)</sup> <br>|  | 10571 | &nbsp;&nbsp; 262 |
| &nbsp;&nbsp;&nbsp; 3.00%, 11/25/2027<sup>(g)</sup> <br>|  | 244737 | &nbsp;&nbsp; 4330 |
| &nbsp;&nbsp;&nbsp; 2.64% (7.10% - (30 Day <br> Average SOFR + 0.11%)), <br> 11/25/2030<sup>(d)(g)</sup> <br>|  | 5592 | &nbsp;&nbsp; 292 |
| &nbsp;&nbsp;&nbsp; 3.29% (7.75% - (30 Day <br> Average SOFR + 0.11%)), <br> 07/25/2031 to <br> 02/25/2032<sup>(d)(g)</sup> <br>|  | 30802 | &nbsp;&nbsp; 2743 |
| &nbsp;&nbsp;&nbsp; 3.39% (7.85% - (30 Day <br> Average SOFR + 0.11%)), <br> 11/18/2031<sup>(d)(g)</sup> <br>|  | 26407 | &nbsp;&nbsp; 2112 |
| &nbsp;&nbsp;&nbsp; 3.44% (7.90% - (30 Day <br> Average SOFR + 0.11%)), <br> 11/25/2031<sup>(d)(g)</sup> <br>|  | 64315 | &nbsp;&nbsp; 5407 |
| &nbsp;&nbsp;&nbsp; 2.79% (7.25% - (30 Day <br> Average SOFR + 0.11%)), <br> 01/25/2032<sup>(d)(g)</sup> <br>|  | 47050 | &nbsp;&nbsp; 4399 |
| &nbsp;&nbsp;&nbsp; 3.49% (7.95% - (30 Day <br> Average SOFR + 0.11%)), <br> 01/25/2032 to <br> 07/25/2032<sup>(d)(g)</sup> <br>|  | 59357 | &nbsp;&nbsp; 4375 |
| &nbsp;&nbsp;&nbsp; 3.64% (8.10% - (30 Day <br> Average SOFR + 0.11%)), <br> 02/25/2032 to <br> 03/25/2032<sup>(d)(g)</sup> <br>|  | 5304 | &nbsp;&nbsp; 295 |
| &nbsp;&nbsp;&nbsp; 1.00% (8.00% - (30 Day <br> Average SOFR + 0.11%)), <br> 04/25/2032<sup>(d)(g)</sup> <br>|  | 76938 | &nbsp;&nbsp; 1363 |
| &nbsp;&nbsp;&nbsp; 2.54% (7.00% - (30 Day <br> Average SOFR + 0.11%)), <br> 04/25/2032 to <br> 09/25/2032<sup>(d)(g)</sup> <br>|  | 212722 | &nbsp;&nbsp; 17976 |
| &nbsp;&nbsp;&nbsp; 3.54% (8.00% - (30 Day <br> Average SOFR + 0.11%)), <br> 04/25/2032 to <br> 12/25/2032<sup>(d)(g)</sup> <br>|  | 153616 | &nbsp;&nbsp; 15974 |
| &nbsp;&nbsp;&nbsp; 3.54% (8.00% - (30 Day <br> Average SOFR + 0.11%)), <br> 12/18/2032<sup>(d)(g)</sup> <br>|  | 94043 | &nbsp;&nbsp; 8586 |
| &nbsp;&nbsp;&nbsp; 3.64% (8.10% - (30 Day <br> Average SOFR + 0.11%)), <br> 12/18/2032<sup>(d)(g)</sup> <br>|  | 26104 | &nbsp;&nbsp; 2124 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** |
| &nbsp;&nbsp;&nbsp; 3.74% (8.20% - (30 Day <br> Average SOFR + 0.11%)), <br> 01/25/2033<sup>(d)(g)</sup> <br>|  | $152880 | &nbsp;&nbsp; $14453 |
| &nbsp;&nbsp;&nbsp; 3.79% (8.25% - (30 Day <br> Average SOFR + 0.11%)), <br> 02/25/2033 to <br> 05/25/2033<sup>(d)(g)</sup> <br>|  | 99798 | &nbsp;&nbsp; 14346 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/25/2033 to <br> 04/25/2033<sup>(g)</sup> <br>|  | 308307 | &nbsp;&nbsp; 31691 |
| &nbsp;&nbsp;&nbsp; 3.09% (7.55% - (30 Day <br> Average SOFR + 0.11%)), <br> 10/25/2033<sup>(d)(g)</sup> <br>|  | 114383 | &nbsp;&nbsp; 12500 |
| &nbsp;&nbsp;&nbsp; 2.24% (6.70% - (30 Day <br> Average SOFR + 0.11%)), <br> 02/25/2035 to <br> 05/25/2035<sup>(d)(g)</sup> <br>|  | 236861 | &nbsp;&nbsp; 18591 |
| &nbsp;&nbsp;&nbsp; 2.29% (6.75% - (30 Day <br> Average SOFR + 0.11%)), <br> 03/25/2035<sup>(d)(g)</sup> <br>|  | 38091 | &nbsp;&nbsp; 1886 |
| &nbsp;&nbsp;&nbsp; 2.14% (6.60% - (30 Day <br> Average SOFR + 0.11%)), <br> 05/25/2035<sup>(d)(g)</sup> <br>|  | 145377 | &nbsp;&nbsp; 8695 |
| &nbsp;&nbsp;&nbsp; 3.50%, 08/25/2035<sup>(g)</sup> <br>|  | 2470658 | &nbsp;&nbsp; 253268 |
| &nbsp;&nbsp;&nbsp; 1.64% (6.10% - (30 Day <br> Average SOFR + 0.11%)), <br> 10/25/2035<sup>(d)(g)</sup> <br>|  | 137887 | &nbsp;&nbsp; 11936 |
| &nbsp;&nbsp;&nbsp; 2.12% (6.58% - (30 Day <br> Average SOFR + 0.11%)), <br> 06/25/2036<sup>(d)(g)</sup> <br>|  | 7718 | &nbsp;&nbsp; 580 |
| &nbsp;&nbsp;&nbsp; 1.59% (6.05% - (30 Day <br> Average SOFR + 0.11%)), <br> 07/25/2038<sup>(d)(g)</sup> <br>|  | 66722 | &nbsp;&nbsp; 2292 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/25/2041 to <br> 08/25/2047<sup>(g)</sup> <br>|  | 697628 | &nbsp;&nbsp; 101218 |
| &nbsp;&nbsp;&nbsp; 2.09% (6.55% - (30 Day <br> Average SOFR + 0.11%)), <br> 10/25/2041<sup>(d)(g)</sup> <br>|  | 215904 | &nbsp;&nbsp; 17006 |
| &nbsp;&nbsp;&nbsp; 1.69% (6.15% - (30 Day <br> Average SOFR + 0.11%)), <br> 12/25/2042<sup>(d)(g)</sup> <br>|  | 652724 | &nbsp;&nbsp; 71899 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/25/2046<sup>(g)</sup> <br>|  | 689912 | &nbsp;&nbsp; 91084 |
| &nbsp;&nbsp;&nbsp; 1.44% (5.90% - (30 Day <br> Average SOFR + 0.11%)), <br> 09/25/2047<sup>(d)(g)</sup> <br>|  | 4809237 | &nbsp;&nbsp; 456352 |
| &nbsp;&nbsp;&nbsp; Freddie Mac Multifamily Structured <br> Pass-Through Ctfs., | &nbsp;&nbsp;&nbsp; Freddie Mac Multifamily Structured <br> Pass-Through Ctfs., |  |  |
| &nbsp;&nbsp;&nbsp; Series K734, Class X1, IO, <br>0.66%, 02/25/2026<sup>(h)</sup> <br>|  | 27073066 | &nbsp;&nbsp; 40786 |
| &nbsp;&nbsp;&nbsp; Series K735, Class X1, IO, <br>0.96%, 05/25/2026<sup>(h)</sup> <br>|  | 32455916 | &nbsp;&nbsp; 165856 |
| &nbsp;&nbsp;&nbsp; Series K093, Class X1, IO, <br>0.94%, 05/25/2029<sup>(h)</sup> <br>|  | 25518972 | &nbsp;&nbsp; 757166 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** |
| Freddie Mac REMICs, | Freddie Mac REMICs, |  |  |
| &nbsp;&nbsp;&nbsp; IO, <br>3.20% (7.65% - (30 Day <br> Average SOFR + 0.11%)), <br> 07/15/2026 to <br> 03/15/2029<sup>(d)(g)</sup> <br>|  | $48394 | &nbsp;&nbsp; $2280 |
| &nbsp;&nbsp;&nbsp; 3.00%, 06/15/2027 to <br> 12/15/2027<sup>(g)</sup> <br>|  | 829203 | &nbsp;&nbsp; 15383 |
| &nbsp;&nbsp;&nbsp; 2.50%, 05/15/2028<sup>(g)</sup> <br>|  | 246338 | &nbsp;&nbsp; 5275 |
| &nbsp;&nbsp;&nbsp; 3.25% (7.70% - (30 Day <br> Average SOFR + 0.11%)), <br> 03/15/2029<sup>(d)(g)</sup> <br>|  | 2822 | &nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp; 3.65% (8.10% - (30 Day <br> Average SOFR + 0.11%)), <br> 09/15/2029<sup>(d)(g)</sup> <br>|  | 3066 | &nbsp;&nbsp; 175 |
| &nbsp;&nbsp;&nbsp; 3.30% (7.75% - (30 Day <br> Average SOFR + 0.11%)), <br> 01/15/2032<sup>(d)(g)</sup> <br>|  | 60691 | &nbsp;&nbsp; 5225 |
| &nbsp;&nbsp;&nbsp; 2.60% (7.05% - (30 Day <br> Average SOFR + 0.11%)), <br> 10/15/2033<sup>(d)(g)</sup> <br>|  | 133669 | &nbsp;&nbsp; 8569 |
| &nbsp;&nbsp;&nbsp; 2.25% (6.70% - (30 Day <br> Average SOFR + 0.11%)), <br> 01/15/2035<sup>(d)(g)</sup> <br>|  | 132211 | &nbsp;&nbsp; 7842 |
| &nbsp;&nbsp;&nbsp; 2.30% (6.75% - (30 Day <br> Average SOFR + 0.11%)), <br> 02/15/2035<sup>(d)(g)</sup> <br>|  | 93886 | &nbsp;&nbsp; 5359 |
| &nbsp;&nbsp;&nbsp; 2.27% (6.72% - (30 Day <br> Average SOFR + 0.11%)), <br> 05/15/2035<sup>(d)(g)</sup> <br>|  | 461528 | &nbsp;&nbsp; 32191 |
| &nbsp;&nbsp;&nbsp; 2.20% (6.65% - (30 Day <br> Average SOFR + 0.11%)), <br> 07/15/2035<sup>(d)(g)</sup> <br>|  | 321006 | &nbsp;&nbsp; 28679 |
| &nbsp;&nbsp;&nbsp; 2.55% (7.00% - (30 Day <br> Average SOFR + 0.11%)), <br> 12/15/2037<sup>(d)(g)</sup> <br>|  | 45696 | &nbsp;&nbsp; 4608 |
| &nbsp;&nbsp;&nbsp; 1.55% (6.00% - (30 Day <br> Average SOFR + 0.11%)), <br> 04/15/2038<sup>(d)(g)</sup> <br>|  | 33022 | &nbsp;&nbsp; 2724 |
| &nbsp;&nbsp;&nbsp; 1.62% (6.07% - (30 Day <br> Average SOFR + 0.11%)), <br> 05/15/2038<sup>(d)(g)</sup> <br>|  | 700500 | &nbsp;&nbsp; 55526 |
| &nbsp;&nbsp;&nbsp; 1.80% (6.25% - (30 Day <br> Average SOFR + 0.11%)), <br> 12/15/2039<sup>(d)(g)</sup> <br>|  | 162741 | &nbsp;&nbsp; 13762 |
| &nbsp;&nbsp;&nbsp; 1.65% (6.10% - (30 Day <br> Average SOFR + 0.11%)), <br> 01/15/2044<sup>(d)(g)</sup> <br>|  | 691004 | &nbsp;&nbsp; 65117 |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/15/2045<sup>(g)</sup> <br>|  | 6554 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/15/2028 to <br> 06/15/2032<br>|  | 264451 | &nbsp;&nbsp; 270105 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/2029 |  | 14955 | &nbsp;&nbsp; 15130 |
| &nbsp;&nbsp;&nbsp; 5.35% (30 Day Average SOFR + <br> 1.01%), 07/15/2031<sup>(d)</sup> <br>|  | 22616 | &nbsp;&nbsp; 22750 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/15/2032 |  | 85767 | &nbsp;&nbsp; 89074 |
| &nbsp;&nbsp;&nbsp; 3.50%, 05/15/2032 |  | 71704 | &nbsp;&nbsp; 70048 |
| &nbsp;&nbsp;&nbsp; 5.45% (30 Day Average SOFR + <br> 1.11%), 06/15/2032<sup>(d)</sup> <br>|  | 104578 | &nbsp;&nbsp; 105639 |
| &nbsp;&nbsp;&nbsp; 8.42% (24.75% - (3.67 x <br> (30 Day Average SOFR + <br> 0.11%))), 08/15/2035<sup>(d)</sup> <br>|  | 22133 | &nbsp;&nbsp; 24297 |
| &nbsp;&nbsp;&nbsp; 4.85% (30 Day Average SOFR + <br> 0.51%), 09/15/2035<sup>(d)</sup> <br>|  | 56880 | &nbsp;&nbsp; 56514 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** |
| Freddie Mac STRIPS, | Freddie Mac STRIPS, |  |  |
| &nbsp;&nbsp;&nbsp; IO, <br>7.00%, 04/01/2027<sup>(g)</sup> <br>|  | $14346 | &nbsp;&nbsp; $546 |
| &nbsp;&nbsp;&nbsp; 3.00%, 12/15/2027<sup>(g)</sup> <br>|  | 300510 | &nbsp;&nbsp; 6601 |
| &nbsp;&nbsp;&nbsp; 3.15%, 12/15/2027<sup>(h)</sup> <br>|  | 90193 | &nbsp;&nbsp; 2303 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/01/2028<sup>(g)</sup> <br>|  | 2301 | &nbsp;&nbsp; 125 |
| &nbsp;&nbsp;&nbsp; 7.50%, 12/15/2029<sup>(g)</sup> <br>|  | 10349 | &nbsp;&nbsp; 1060 |
| &nbsp;&nbsp;&nbsp; 6.00%, 12/15/2032<sup>(g)</sup> <br>|  | 33442 | &nbsp;&nbsp; 3699 |
| &nbsp;&nbsp;&nbsp; PO, <br>0.00%, 06/01/2026<sup>(i)</sup> <br>|  | 644 | &nbsp;&nbsp; 632 |
|  |  |  | &nbsp;&nbsp; 4398775 |
| **Federal Home Loan Mortgage Corp. (FHLMC)–1.98%** | **Federal Home Loan Mortgage Corp. (FHLMC)–1.98%** | **Federal Home Loan Mortgage Corp. (FHLMC)–1.98%** | **Federal Home Loan Mortgage Corp. (FHLMC)–1.98%** |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/01/2028 to <br> 04/01/2034<br>|  | 36082 | &nbsp;&nbsp; 37270 |
| &nbsp;&nbsp;&nbsp; 6.00%, 10/01/2029 to <br> 08/01/2053<br>|  | 23324132 | &nbsp;&nbsp; 23874586 |
| &nbsp;&nbsp;&nbsp; 7.00%, 10/01/2031 to <br> 10/01/2037<br>|  | 348872 | &nbsp;&nbsp; 367277 |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/01/2039 to <br> 08/01/2053<br>|  | 32509180 | &nbsp;&nbsp; 32616667 |
| &nbsp;&nbsp;&nbsp; 2.00%, 05/01/2051 |  | 2416999 | &nbsp;&nbsp; 1903980 |
| &nbsp;&nbsp;&nbsp; 3.00%, 08/01/2052 |  | 1697907 | &nbsp;&nbsp; 1456531 |
|  |  |  | &nbsp;&nbsp; 60256311 |
| **Federal National Mortgage Association (FNMA)–1.22%** | **Federal National Mortgage Association (FNMA)–1.22%** | **Federal National Mortgage Association (FNMA)–1.22%** | **Federal National Mortgage Association (FNMA)–1.22%** |
| &nbsp;&nbsp;&nbsp; 6.50%, 12/01/2029 to <br> 11/01/2031<br>|  | 183323 | &nbsp;&nbsp; 189150 |
| &nbsp;&nbsp;&nbsp; 7.50%, 01/01/2033 to <br> 08/01/2033<br>|  | 206547 | &nbsp;&nbsp; 211221 |
| &nbsp;&nbsp;&nbsp; 7.00%, 04/01/2033 to <br> 04/01/2034<br>|  | 130116 | &nbsp;&nbsp; 136806 |
| &nbsp;&nbsp;&nbsp; 5.50%, 02/01/2035 to <br> 09/01/2053<br>|  | 29488650 | &nbsp;&nbsp; 29544113 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/01/2052 |  | 7559781 | &nbsp;&nbsp; 7031875 |
|  |  |  | &nbsp;&nbsp; 37113165 |
| **Government National Mortgage Association (GNMA)–4.39%** | **Government National Mortgage Association (GNMA)–4.39%** | **Government National Mortgage Association (GNMA)–4.39%** | **Government National Mortgage Association (GNMA)–4.39%** |
| &nbsp;&nbsp;&nbsp; TBA, <br>6.50%, 08/20/2025<sup>(j)</sup> <br>|  | 150000 | &nbsp;&nbsp; 154007 |
| &nbsp;&nbsp;&nbsp; 2.00%, 08/01/2055<sup>(j)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 807554 |
| &nbsp;&nbsp;&nbsp; 2.50%, 08/01/2055<sup>(j)</sup> <br>|  | 70645000 | &nbsp;&nbsp; 59419572 |
| &nbsp;&nbsp;&nbsp; 3.00%, 08/01/2055<sup>(j)</sup> <br>|  | 900000 | &nbsp;&nbsp; 786540 |
| &nbsp;&nbsp;&nbsp; 3.50%, 08/01/2055<sup>(j)</sup> <br>|  | 300000 | &nbsp;&nbsp; 269614 |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/01/2055<sup>(j)</sup> <br>|  | 350000 | &nbsp;&nbsp; 322381 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/01/2055<sup>(j)</sup> <br>|  | 40037000 | &nbsp;&nbsp; 38002883 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/2055<sup>(j)</sup> <br>|  | 900000 | &nbsp;&nbsp; 878543 |
| &nbsp;&nbsp;&nbsp; 5.50%, 08/01/2055<sup>(j)</sup> <br>|  | 32097000 | &nbsp;&nbsp; 32020401 |
| &nbsp;&nbsp;&nbsp; 6.00%, 08/01/2055<sup>(j)</sup> <br>|  | 500000 | &nbsp;&nbsp; 506855 |
| &nbsp;&nbsp;&nbsp; ARM, <br>4.63% (1 yr. U.S. Treasury Yield <br> Curve Rate + 1.50%), <br> 07/20/2027<sup>(d)</sup> <br>|  | 71 | &nbsp;&nbsp; 71 |
| &nbsp;&nbsp;&nbsp; IO, <br>2.10% (6.55% - (1 mo. Term <br> SOFR + 0.11%)), <br> 04/16/2037<sup>(d)(g)</sup> <br>|  | 336274 | &nbsp;&nbsp; 17701 |
| &nbsp;&nbsp;&nbsp; 2.20% (6.65% - (1 mo. Term <br> SOFR + 0.11%)), <br> 04/16/2041<sup>(d)(g)</sup> <br>|  | 871705 | &nbsp;&nbsp; 54847 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Government National Mortgage Association (GNMA)–**<br> **(continued)** | **Government National Mortgage Association (GNMA)–**<br> **(continued)** | **Government National Mortgage Association (GNMA)–**<br> **(continued)** | **Government National Mortgage Association (GNMA)–**<br> **(continued)** |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/16/2047<sup>(g)</sup> <br>|  | $1932297 | &nbsp;&nbsp; $268146 |
| &nbsp;&nbsp;&nbsp; 1.75% (6.20% - (1 mo. Term <br> SOFR + 0.11%)), <br> 10/16/2047<sup>(d)(g)</sup> <br>|  | 1793663 | &nbsp;&nbsp; 215813 |
|  |  |  | &nbsp;&nbsp; 133724928 |
| **Uniform Mortgage-Backed Securities–23.33%** | **Uniform Mortgage-Backed Securities–23.33%** | **Uniform Mortgage-Backed Securities–23.33%** | **Uniform Mortgage-Backed Securities–23.33%** |
| &nbsp;&nbsp;&nbsp; TBA, <br>1.50%, 08/01/2040<sup>(j)</sup> <br>|  | 200000 | &nbsp;&nbsp; 176683 |
| &nbsp;&nbsp;&nbsp; 2.00%, 08/01/2040 to <br> 08/01/2055<sup>(j)</sup> <br>|  | 129985762 | &nbsp;&nbsp; 101821395 |
| &nbsp;&nbsp;&nbsp; 2.50%, 08/01/2040 to <br> 08/01/2055<sup>(j)</sup> <br>|  | 137647026 | &nbsp;&nbsp; 112839796 |
| &nbsp;&nbsp;&nbsp; 3.00%, 08/01/2040 to <br> 08/01/2055<sup>(j)</sup> <br>|  | 151820238 | &nbsp;&nbsp; 129980064 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/2040 to <br> 08/01/2055<sup>(j)</sup> <br>|  | 112110205 | &nbsp;&nbsp; 109134610 |
| &nbsp;&nbsp;&nbsp; 3.50%, 08/01/2055<sup>(j)</sup> <br>|  | 77248544 | &nbsp;&nbsp; 69018687 |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/01/2055<sup>(j)</sup> <br>|  | 55620270 | &nbsp;&nbsp; 51306337 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/01/2055<sup>(j)</sup> <br>|  | 15464427 | &nbsp;&nbsp; 14671537 |
| &nbsp;&nbsp;&nbsp; 5.50%, 08/01/2055<sup>(j)</sup> <br>|  | 30419009 | &nbsp;&nbsp; 30262716 |
| &nbsp;&nbsp;&nbsp; 6.00%, 08/01/2055<sup>(j)</sup> <br>|  | 89627535 | &nbsp;&nbsp; 90880356 |
| &nbsp;&nbsp;&nbsp; 6.50%, 08/01/2055<sup>(j)</sup> <br>|  | 650000 | &nbsp;&nbsp; 670520 |
|  |  |  | &nbsp;&nbsp; 710762701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Government Sponsored Agency <br> Mortgage-Backed Securities <br> (Cost $951,780,335) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Government Sponsored Agency <br> Mortgage-Backed Securities <br> (Cost $951,780,335) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Government Sponsored Agency <br> Mortgage-Backed Securities <br> (Cost $951,780,335) | &nbsp;&nbsp; 946255880 |
| **Asset-Backed Securities–22.33%** | **Asset-Backed Securities–22.33%** | **Asset-Backed Securities–22.33%** | **Asset-Backed Securities–22.33%** |
| &nbsp;&nbsp;&nbsp; AGL CLO 17 Ltd., Series 2022-<br> 17A, Class AR, 5.28% (3 mo. <br> Term SOFR + 0.95%), <br> 01/21/2035<sup>(b)(d)</sup> <br>|  | 6576000 | &nbsp;&nbsp; 6580255 |
| &nbsp;&nbsp;&nbsp; AGL CLO 29 Ltd., Series 2024-<br> 29A, Class A1, 5.90% (3 mo. <br> Term SOFR + 1.57%), <br> 04/21/2037<sup>(b)(d)</sup> <br>|  | 9655000 | &nbsp;&nbsp; 9704569 |
| &nbsp;&nbsp;&nbsp; ALA Trust, Series 2025-OANA, <br> Class B, 6.18% (1 mo. Term <br> SOFR + 1.84%), <br> 06/15/2040<sup>(b)(d)</sup> <br>|  | 6045000 | &nbsp;&nbsp; 6089801 |
| Alternative Loan Trust, | Alternative Loan Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005-21CB, Class A7, <br> 5.50%, 06/25/2035<br>|  | 428747 | &nbsp;&nbsp; 319925 |
| &nbsp;&nbsp;&nbsp; Series 2005-29CB, Class A4, <br> 5.00%, 07/25/2035<br>|  | 204990 | &nbsp;&nbsp; 110293 |
| &nbsp;&nbsp;&nbsp; AMSR Trust, Series 2021-SFR3, <br> Class B, 1.73%, 10/17/2038<sup>(b)</sup> <br>|  | 4415000 | &nbsp;&nbsp; 4231907 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| Angel Oak Mortgage Trust, | Angel Oak Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-1, Class A1, <br> 2.16%, 12/25/2059<sup>(b)(k)</sup> <br>|  | $228733 | &nbsp;&nbsp; $222375 |
| &nbsp;&nbsp;&nbsp; Series 2020-3, Class A1, <br> 1.69%, 04/25/2065<sup>(b)(k)</sup> <br>|  | 956848 | &nbsp;&nbsp; 903770 |
| &nbsp;&nbsp;&nbsp; Series 2021-3, Class A1, <br> 1.07%, 05/25/2066<sup>(b)(k)</sup> <br>|  | 734357 | &nbsp;&nbsp; 623601 |
| &nbsp;&nbsp;&nbsp; Series 2021-7, Class A1, <br> 1.98%, 10/25/2066<sup>(b)(k)</sup> <br>|  | 1990825 | &nbsp;&nbsp; 1709781 |
| &nbsp;&nbsp;&nbsp; Series 2022-1, Class A1, <br> 2.88%, 12/25/2066<sup>(b)</sup> <br>|  | 3595184 | &nbsp;&nbsp; 3328021 |
| &nbsp;&nbsp;&nbsp; Series 2023-6, Class A1, <br> 6.50%, 12/25/2067<sup>(b)</sup> <br>|  | 1207646 | &nbsp;&nbsp; 1214948 |
| &nbsp;&nbsp;&nbsp; Series 2024-10, Class A1, <br> 5.35%, 10/25/2069<sup>(b)</sup> <br>|  | 4740840 | &nbsp;&nbsp; 4718162 |
| &nbsp;&nbsp;&nbsp; Series 2024-2, Class A1, <br> 5.99%, 01/25/2069<sup>(b)</sup> <br>|  | 4325242 | &nbsp;&nbsp; 4339805 |
| &nbsp;&nbsp;&nbsp; Series 2025-HB1, Class A1, <br> 6.15% (30 Day Average SOFR + <br> 1.80%), 02/25/2055<sup>(b)(d)</sup> <br>|  | 1375623 | &nbsp;&nbsp; 1387390 |
| &nbsp;&nbsp;&nbsp; Apidos CLO XII, Series 2013-12A, <br> Class ARR, 5.40% (3 mo. Term <br> SOFR + 1.08%), <br> 04/15/2031<sup>(b)(d)</sup> <br>|  | 3211779 | &nbsp;&nbsp; 3214714 |
| &nbsp;&nbsp;&nbsp; Apidos CLO XXV, Series 2016-25A, <br> Class A1R3, 5.47% (3 mo. <br> Term SOFR + 1.14%), <br> 01/20/2037<sup>(b)(d)</sup> <br>|  | 6073000 | &nbsp;&nbsp; 6059688 |
| &nbsp;&nbsp;&nbsp; Avis Budget Rental Car Funding <br> (AESOP) LLC, | &nbsp;&nbsp;&nbsp; Avis Budget Rental Car Funding <br> (AESOP) LLC, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-1A, Class A, <br> 3.83%, 08/21/2028<sup>(b)</sup> <br>|  | 6614000 | &nbsp;&nbsp; 6526731 |
| &nbsp;&nbsp;&nbsp; Series 2023-1A, Class A, <br> 5.25%, 04/20/2029<sup>(b)</sup> <br>|  | 1463000 | &nbsp;&nbsp; 1488385 |
| &nbsp;&nbsp;&nbsp; Series 2023-4A, Class A, <br> 5.49%, 06/20/2029<sup>(b)</sup> <br>|  | 5238000 | &nbsp;&nbsp; 5363268 |
| &nbsp;&nbsp;&nbsp; Bain Capital Credit CLO Ltd. (Cayman <br> Islands), | &nbsp;&nbsp;&nbsp; Bain Capital Credit CLO Ltd. (Cayman <br> Islands), |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-3A, Class ARR, <br> 5.36% (3 mo. Term SOFR + <br> 1.03%), 10/21/2034<sup>(b)(d)</sup> <br>|  | 1805000 | &nbsp;&nbsp; 1807128 |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class AR, <br> 5.27% (3 mo. Term SOFR + <br> 0.94%), 04/18/2034<sup>(b)(d)</sup> <br>|  | 3604000 | &nbsp;&nbsp; 3605157 |
| &nbsp;&nbsp;&nbsp; Series 2021-6A, Class A1R, <br> 5.42% (3 mo. Term SOFR + <br> 1.09%), 10/21/2034<sup>(b)(d)</sup> <br>|  | 2180000 | &nbsp;&nbsp; 2184329 |
| &nbsp;&nbsp;&nbsp; Series 2022-1A, Class A1, <br> 5.65% (3 mo. Term SOFR + <br> 1.32%), 04/18/2035<sup>(b)(d)</sup> <br>|  | 2354000 | &nbsp;&nbsp; 2357604 |
| Banc of America Funding Trust, | Banc of America Funding Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007-1, Class 1A3, <br> 6.00%, 01/25/2037<br>|  | 147350 | &nbsp;&nbsp; 126571 |
| &nbsp;&nbsp;&nbsp; Series 2007-C, Class 1A4, <br> 4.38%, 05/20/2036<sup>(k)</sup> <br>|  | 44078 | &nbsp;&nbsp; 38352 |
| &nbsp;&nbsp;&nbsp; Banc of America Mortgage Trust, <br> Series 2007-1, Class 1A24, <br> 6.00%, 03/25/2037<br>|  | 175056 | &nbsp;&nbsp; 148344 |
| &nbsp;&nbsp;&nbsp; Bank, Series 2019-BNK16, <br> Class XA, IO, 0.93%, <br> 02/15/2052<sup>(h)</sup> <br>|  | 22171641 | &nbsp;&nbsp; 564168 |
| &nbsp;&nbsp;&nbsp; Bank5, Series 2024-5YR10, <br> Class A, 5.64%, 10/15/2057<br>|  | 1705000 | &nbsp;&nbsp; 1736128 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| &nbsp;&nbsp;&nbsp; Bayview MSR Opportunity Master Fund <br> Trust, | &nbsp;&nbsp;&nbsp; Bayview MSR Opportunity Master Fund <br> Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-4, Class A3, <br> 3.00%, 10/25/2051<sup>(b)(k)</sup> <br>|  | $3151123 | &nbsp;&nbsp; $2648144 |
| &nbsp;&nbsp;&nbsp; Series 2021-4, Class A4, <br> 2.50%, 10/25/2051<sup>(b)(k)</sup> <br>|  | 3151856 | &nbsp;&nbsp; 2539308 |
| &nbsp;&nbsp;&nbsp; Series 2021-4, Class A8, <br> 2.50%, 10/25/2051<sup>(b)(k)</sup> <br>|  | 2768809 | &nbsp;&nbsp; 2460494 |
| &nbsp;&nbsp;&nbsp; Series 2021-5, Class A1, <br> 3.00%, 11/25/2051<sup>(b)(k)</sup> <br>|  | 3285511 | &nbsp;&nbsp; 2770921 |
| &nbsp;&nbsp;&nbsp; Series 2021-5, Class A2, <br> 2.50%, 11/25/2051<sup>(b)(k)</sup> <br>|  | 4008466 | &nbsp;&nbsp; 3235793 |
| &nbsp;&nbsp;&nbsp; Bear Stearns Adjustable Rate Mortgage <br> Trust, | &nbsp;&nbsp;&nbsp; Bear Stearns Adjustable Rate Mortgage <br> Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005-9, Class A1, <br> 0.76% (1 yr. U.S. Treasury Yield <br> Curve Rate + 2.30%), <br> 10/25/2035<sup>(d)</sup> <br>|  | 100940 | &nbsp;&nbsp; 95737 |
| &nbsp;&nbsp;&nbsp; Series 2006-1, Class A1, <br> 0.65% (1 yr. U.S. Treasury Yield <br> Curve Rate + 2.25%), <br> 02/25/2036<sup>(d)</sup> <br>|  | 277030 | &nbsp;&nbsp; 263582 |
| &nbsp;&nbsp;&nbsp; Benchmark Mortgage Trust, <br> Series 2018-B1, Class XA, IO, <br> 0.53%, 01/15/2051<sup>(h)</sup> <br>|  | 22288425 | &nbsp;&nbsp; 229303 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXIII <br> Ltd., Series 2021-23A, <br> Class A1R, 5.42% (3 mo. Term <br> SOFR + 1.10%), <br> 04/25/2034<sup>(b)(d)</sup> <br>|  | 8600000 | &nbsp;&nbsp; 8606201 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXV <br> Ltd., Series 2021-25A, <br> Class A1R, 5.32% (3 mo. Term <br> SOFR + 1.00%), <br> 01/15/2035<sup>(b)(d)</sup> <br>|  | 5519000 | &nbsp;&nbsp; 5520380 |
| &nbsp;&nbsp;&nbsp; BMO Mortgage Trust, <br> Series 2024-5C5, Class AS, <br> 6.36%, 02/15/2057<sup>(k)</sup> <br>|  | 1400000 | &nbsp;&nbsp; 1457009 |
| &nbsp;&nbsp;&nbsp; BRAVO Residential Funding Trust, <br> Series 2021-NQM2, Class A1, <br> 0.97%, 03/25/2060<sup>(b)(k)</sup> <br>|  | 353048 | &nbsp;&nbsp; 342889 |
| &nbsp;&nbsp;&nbsp; BSTN Commercial Mortgage Trust, <br> Series 2025-1C, Class A, <br> 5.37%, 06/15/2044<sup>(b)(k)</sup> <br>|  | 7127000 | &nbsp;&nbsp; 7234190 |
| &nbsp;&nbsp;&nbsp; Buckhorn Park CLO Ltd., <br> Series 2019-1A, Class ARR, <br> 5.40% (3 mo. Term SOFR + <br> 1.07%), 07/18/2034<sup>(b)(d)</sup> <br>|  | 2250000 | &nbsp;&nbsp; 2247568 |
| BX Commercial Mortgage Trust, | BX Commercial Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-ACNT, Class A, <br> 5.31% (1 mo. Term SOFR + <br> 0.96%), 11/15/2038<sup>(b)(d)</sup> <br>|  | 1903203 | &nbsp;&nbsp; 1903777 |
| &nbsp;&nbsp;&nbsp; Series 2021-VOLT, Class A, <br> 5.16% (1 mo. Term SOFR + <br> 0.81%), 09/15/2036<sup>(b)(d)</sup> <br>|  | 3952819 | &nbsp;&nbsp; 3946465 |
| &nbsp;&nbsp;&nbsp; Series 2021-VOLT, Class B, <br> 5.41% (1 mo. Term SOFR + <br> 1.06%), 09/15/2036<sup>(b)(d)</sup> <br>|  | 3482937 | &nbsp;&nbsp; 3471194 |
| &nbsp;&nbsp;&nbsp; Series 2024-VLT5, Class A, <br> 5.41%, 11/13/2046<sup>(b)(k)</sup> <br>|  | 3530000 | &nbsp;&nbsp; 3541787 |
| &nbsp;&nbsp;&nbsp; Series 2024-VLT5, Class B, <br> 5.80%, 11/13/2046<sup>(b)(k)</sup> <br>|  | 2495000 | &nbsp;&nbsp; 2531375 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| BX Trust, | BX Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-LBA6, Class A, <br> 5.34% (1 mo. Term SOFR + <br> 1.00%), 01/15/2039<sup>(b)(d)</sup> <br>|  | $3670000 | &nbsp;&nbsp; $3675478 |
| &nbsp;&nbsp;&nbsp; Series 2022-LBA6, Class B, <br> 5.64% (1 mo. Term SOFR + <br> 1.30%), 01/15/2039<sup>(b)(d)</sup> <br>|  | 2265000 | &nbsp;&nbsp; 2266690 |
| &nbsp;&nbsp;&nbsp; Series 2022-LBA6, Class C, <br> 5.94% (1 mo. Term SOFR + <br> 1.60%), 01/15/2039<sup>(b)(d)</sup> <br>|  | 1215000 | &nbsp;&nbsp; 1215368 |
| &nbsp;&nbsp;&nbsp; Series 2025-VLT6, Class A, <br> 5.79% (1 mo. Term SOFR + <br> 1.44%), 03/15/2042<sup>(b)(d)</sup> <br>|  | 3865000 | &nbsp;&nbsp; 3868344 |
| &nbsp;&nbsp;&nbsp; Carlyle Global Market Strategies CLO <br> Ltd. (Cayman Islands), | &nbsp;&nbsp;&nbsp; Carlyle Global Market Strategies CLO <br> Ltd. (Cayman Islands), |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015-4A, Class A1RR, <br> 5.55% (3 mo. Term SOFR + <br> 1.22%), 07/20/2032<sup>(b)(d)</sup> <br>|  | 2713591 | &nbsp;&nbsp; 2714457 |
| &nbsp;&nbsp;&nbsp; Series 2015-5A, Class A1R3, <br> 5.43% (3 mo. Term SOFR + <br> 1.10%), 01/20/2032<sup>(b)(d)</sup> <br>|  | 1759720 | &nbsp;&nbsp; 1764206 |
| CarMax Auto Owner Trust, | CarMax Auto Owner Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-4, Class A4, <br> 5.70%, 07/17/2028<br>|  | 7031000 | &nbsp;&nbsp; 7123705 |
| &nbsp;&nbsp;&nbsp; Series 2024-1, Class A3, <br> 4.92%, 10/16/2028<br>|  | 5840000 | &nbsp;&nbsp; 5870182 |
| &nbsp;&nbsp;&nbsp; CD Mortgage Trust, Series 2017-<br> CD6, Class XA, IO, 0.89%, <br> 11/13/2050<sup>(h)</sup> <br>|  | 8738437 | &nbsp;&nbsp; 122724 |
| &nbsp;&nbsp;&nbsp; Cedar Funding XI CLO Ltd., <br> Series 2019-11A, Class A1R2, <br> 5.39% (3 mo. Term SOFR + <br> 1.06%), 05/29/2032<sup>(b)(d)</sup> <br>|  | 4045862 | &nbsp;&nbsp; 4041210 |
| Chase Home Lending Mortgage Trust, | Chase Home Lending Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-ATR1, Class A15, <br> 4.00%, 04/25/2049<sup>(b)(k)</sup> <br>|  | 52237 | &nbsp;&nbsp; 49597 |
| &nbsp;&nbsp;&nbsp; Series 2024-9, Class A4, <br> 5.50%, 09/25/2055<sup>(b)(k)</sup> <br>|  | 4054335 | &nbsp;&nbsp; 4052469 |
| &nbsp;&nbsp;&nbsp; Series 2024-9, Class A6, <br> 5.50%, 09/25/2055<sup>(b)(k)</sup> <br>|  | 666678 | &nbsp;&nbsp; 665311 |
| &nbsp;&nbsp;&nbsp; Chase Mortgage Finance Trust, <br> Series 2005-A2, Class 1A3, <br> 4.94%, 01/25/2036<sup>(k)</sup> <br>|  | 279035 | &nbsp;&nbsp; 258768 |
| &nbsp;&nbsp;&nbsp; CIFC Funding Ltd., Series 2016-<br> 1A, Class AR3, 5.33% (3 mo. <br> Term SOFR + 1.00%), <br> 10/21/2031<sup>(b)(d)</sup> <br>|  | 2504220 | &nbsp;&nbsp; 2500792 |
| &nbsp;&nbsp;&nbsp; Citigroup Commercial Mortgage <br> Trust, Series 2017-C4, <br> Class XA, IO, 0.98%, <br> 10/12/2050<sup>(h)</sup> <br>|  | 23200786 | &nbsp;&nbsp; 412041 |
| Citigroup Mortgage Loan Trust, Inc., | Citigroup Mortgage Loan Trust, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006-AR1, Class 1A1, <br> 6.56% (1 yr. U.S. Treasury Yield <br> Curve Rate + 2.40%), <br> 10/25/2035<sup>(d)</sup> <br>|  | 442251 | &nbsp;&nbsp; 422601 |
| &nbsp;&nbsp;&nbsp; Series 2021-INV3, Class A3, <br> 2.50%, 05/25/2051<sup>(b)(k)</sup> <br>|  | 3146355 | &nbsp;&nbsp; 2538959 |
| &nbsp;&nbsp;&nbsp; Series 2024-1, Class A3A, <br> 6.00%, 07/25/2054<sup>(b)(k)</sup> <br>|  | 4422442 | &nbsp;&nbsp; 4457198 |
| &nbsp;&nbsp;&nbsp; CLI Funding IX LLC, Series 2025-<br> 1A, Class A, 5.35%, <br> 06/20/2050<sup>(b)</sup> <br>|  | 1984482 | &nbsp;&nbsp; 1992796 |
| &nbsp;&nbsp;&nbsp; Clover CLO LLC, Series 2021-3A, <br> Class AR, 5.39% (3 mo. Term <br> SOFR + 1.07%), <br> 01/25/2035<sup>(b)(d)</sup> <br>|  | 5674000 | &nbsp;&nbsp; 5677977 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| &nbsp;&nbsp;&nbsp; COLT 2025-8 Mortgage Loan <br> Trust, Series 2025-8, Class A1, <br> 5.48%, 08/25/2070<sup>(b)</sup> <br>|  | $3805000 | &nbsp;&nbsp; $3805969 |
| COLT Mortgage Loan Trust, | COLT Mortgage Loan Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-5, Class A1, <br> 1.73%, 11/26/2066<sup>(b)(k)</sup> <br>|  | 951549 | &nbsp;&nbsp; 852176 |
| &nbsp;&nbsp;&nbsp; Series 2022-1, Class A1, <br> 2.28%, 12/27/2066<sup>(b)(k)</sup> <br>|  | 2057594 | &nbsp;&nbsp; 1846211 |
| &nbsp;&nbsp;&nbsp; Series 2022-2, Class A1, <br> 2.99%, 02/25/2067<sup>(b)</sup> <br>|  | 2070894 | &nbsp;&nbsp; 1958494 |
| &nbsp;&nbsp;&nbsp; Series 2022-3, Class A1, <br> 3.90%, 02/25/2067<sup>(b)(k)</sup> <br>|  | 2816003 | &nbsp;&nbsp; 2740167 |
| Credit Suisse Mortgage Capital Trust, | Credit Suisse Mortgage Capital Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-NQM1, Class A1, <br> 0.81%, 05/25/2065<sup>(b)(k)</sup> <br>|  | 395469 | &nbsp;&nbsp; 356776 |
| &nbsp;&nbsp;&nbsp; Series 2021-NQM2, Class A1, <br> 1.18%, 02/25/2066<sup>(b)(k)</sup> <br>|  | 633844 | &nbsp;&nbsp; 566331 |
| &nbsp;&nbsp;&nbsp; Series 2022-ATH1, Class A1A, <br> 2.87%, 01/25/2067<sup>(b)(k)</sup> <br>|  | 2452688 | &nbsp;&nbsp; 2362865 |
| &nbsp;&nbsp;&nbsp; Series 2022-ATH1, Class A1B, <br> 3.35%, 01/25/2067<sup>(b)(k)</sup> <br>|  | 1890000 | &nbsp;&nbsp; 1718507 |
| &nbsp;&nbsp;&nbsp; Series 2022-ATH2, Class A1, <br> 4.55%, 05/25/2067<sup>(b)(k)</sup> <br>|  | 2817895 | &nbsp;&nbsp; 2809007 |
| Cross Mortgage Trust, | Cross Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-H2, Class A1, <br> 6.09%, 04/25/2069<sup>(b)</sup> <br>|  | 2957802 | &nbsp;&nbsp; 2976645 |
| &nbsp;&nbsp;&nbsp; Series 2024-H8, Class A1, <br> 5.55%, 12/25/2069<sup>(b)(k)</sup> <br>|  | 3695670 | &nbsp;&nbsp; 3701991 |
| &nbsp;&nbsp;&nbsp; CSAIL Commercial Mortgage Trust, <br> Series 2020-C19, Class A3, <br> 2.56%, 03/15/2053<br>|  | 10613000 | &nbsp;&nbsp; 9507690 |
| &nbsp;&nbsp;&nbsp; CSMC Mortgage-Backed Trust, <br> Series 2006-6, Class 1A4, <br> 6.00%, 07/25/2036<br>|  | 565212 | &nbsp;&nbsp; 256849 |
| &nbsp;&nbsp;&nbsp; DLLST LLC, Series 2024-1A, <br> Class A3, 5.05%, <br> 08/20/2027<sup>(b)</sup> <br>|  | 3230000 | &nbsp;&nbsp; 3239737 |
| &nbsp;&nbsp;&nbsp; EFMT 2025-NQM2, Series 2025-<br> NQM2, Class A1, 5.60%, <br> 06/25/2070<sup>(b)</sup> <br>|  | 7819876 | &nbsp;&nbsp; 7828218 |
| Ellington Financial Mortgage Trust, | Ellington Financial Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-1, Class A1, <br> 2.01%, 05/25/2065<sup>(b)(k)</sup> <br>|  | 25280 | &nbsp;&nbsp; 25119 |
| &nbsp;&nbsp;&nbsp; Series 2021-1, Class A1, <br> 0.80%, 02/25/2066<sup>(b)(k)</sup> <br>|  | 227216 | &nbsp;&nbsp; 194263 |
| &nbsp;&nbsp;&nbsp; Series 2022-1, Class A1, <br> 2.21%, 01/25/2067<sup>(b)(k)</sup> <br>|  | 2099565 | &nbsp;&nbsp; 1823753 |
| &nbsp;&nbsp;&nbsp; Series 2022-3, Class A1, <br> 5.00%, 08/25/2067<sup>(b)</sup> <br>|  | 2768489 | &nbsp;&nbsp; 2759996 |
| &nbsp;&nbsp;&nbsp; Series 2024-INV2, Class A1, <br> 5.04%, 10/25/2069<sup>(b)</sup> <br>|  | 2776207 | &nbsp;&nbsp; 2752978 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO 15 Ltd., <br> Series 2022-2A, Class A1R, <br> 5.41% (3 mo. Term SOFR + <br> 1.15%), 04/22/2035<sup>(b)(d)</sup> <br>|  | 6380000 | &nbsp;&nbsp; 6382941 |
| &nbsp;&nbsp;&nbsp; Empower CLO Ltd., Series 2024-<br> 1A, Class A1, 5.92% (3 mo. <br> Term SOFR + 1.60%), <br> 04/25/2037<sup>(b)(d)</sup> <br>|  | 3895000 | &nbsp;&nbsp; 3908703 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| Enterprise Fleet Financing LLC, | Enterprise Fleet Financing LLC, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-2, Class A2, <br> 5.74%, 12/20/2026<sup>(b)</sup> <br>|  | $1251172 | &nbsp;&nbsp; $1256319 |
| &nbsp;&nbsp;&nbsp; Series 2024-2, Class A3, <br> 5.61%, 04/20/2028<sup>(b)</sup> <br>|  | 970000 | &nbsp;&nbsp; 985408 |
| &nbsp;&nbsp;&nbsp; Series 2024-2, Class A4, <br> 5.69%, 12/20/2030<sup>(b)</sup> <br>|  | 1133000 | &nbsp;&nbsp; 1166611 |
| &nbsp;&nbsp;&nbsp; Series 2024-4, Class A3, <br> 4.56%, 11/20/2028<sup>(b)</sup> <br>|  | 2160000 | &nbsp;&nbsp; 2169224 |
| &nbsp;&nbsp;&nbsp; Extended Stay America Trust, <br> Series 2021-ESH, Class B, <br> 5.84% (1 mo. Term SOFR + <br> 1.49%), 07/15/2038<sup>(b)(d)</sup> <br>|  | 3490952 | &nbsp;&nbsp; 3496624 |
| &nbsp;&nbsp;&nbsp; First Horizon Alternative Mortgage <br> Securities Trust, Series 2005-<br> FA8, Class 1A6, 5.12% (1 mo. <br> Term SOFR + 0.76%), <br> 11/25/2035<sup>(d)</sup> <br>|  | 330055 | &nbsp;&nbsp; 130109 |
| Flagstar Mortgage Trust, | Flagstar Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-11IN, Class A6, <br> 3.70%, 11/25/2051<sup>(b)(k)</sup> <br>|  | 4646679 | &nbsp;&nbsp; 4138550 |
| &nbsp;&nbsp;&nbsp; Series 2021-8INV, Class A6, <br> 2.50%, 09/25/2051<sup>(b)(k)</sup> <br>|  | 981177 | &nbsp;&nbsp; 872980 |
| &nbsp;&nbsp;&nbsp; Ford Credit Auto Owner Trust, <br> Series 2024-A, Class A3, <br> 5.09%, 12/15/2028<br>|  | 9250000 | &nbsp;&nbsp; 9328460 |
| &nbsp;&nbsp;&nbsp; Fort Greene Park CLO LLC, <br> Series 2025-2A, Class AR, <br> 5.28% (3 mo. Term SOFR + <br> 0.95%), 04/22/2034<sup>(b)(d)</sup> <br>|  | 3920000 | &nbsp;&nbsp; 3914414 |
| &nbsp;&nbsp;&nbsp; FREMF Mortgage Trust, <br> Series 2017-K62, Class B, <br> 3.88%, 01/25/2050<sup>(b)(k)</sup> <br>|  | 1040000 | &nbsp;&nbsp; 1023791 |
| &nbsp;&nbsp;&nbsp; Frontier Issuer LLC, <br> Series 2023-1, Class A2, <br> 6.60%, 08/20/2053<sup>(b)</sup> <br>|  | 4952710 | &nbsp;&nbsp; 5017663 |
| &nbsp;&nbsp;&nbsp; GCAT 2025-NQM4 Trust, <br> Series 2025-NQM4, Class A1A, <br> 5.53%, 06/25/2070<sup>(b)</sup> <br>|  | 5985000 | &nbsp;&nbsp; 5994048 |
| &nbsp;&nbsp;&nbsp; GCAT Trust, Series 2025-NQM2, <br> Class A1, 5.60%, <br> 04/25/2070<sup>(b)</sup> <br>|  | 4550506 | &nbsp;&nbsp; 4562957 |
| &nbsp;&nbsp;&nbsp; Goldentree Loan Management US <br> CLO 1 Ltd., Series 2017-1A, <br> Class A1R3, 5.30% (3 mo. <br> Term SOFR + 0.97%), <br> 04/20/2034<sup>(b)(d)</sup> <br>|  | 2434000 | &nbsp;&nbsp; 2432459 |
| &nbsp;&nbsp;&nbsp; GoldenTree Loan Management US <br> CLO 5 Ltd., Series 2019-5A, <br> Class ARR, 5.40% (3 mo. Term <br> SOFR + 1.07%), <br> 10/20/2032<sup>(b)(d)</sup> <br>|  | 1618128 | &nbsp;&nbsp; 1619707 |
| &nbsp;&nbsp;&nbsp; GoldenTree Loan Management US <br> CLO 8 Ltd., Series 2020-8A, <br> Class ARR, 5.48% (3 mo. Term <br> SOFR + 1.15%), <br> 10/20/2034<sup>(b)(d)</sup> <br>|  | 3323000 | &nbsp;&nbsp; 3329164 |
| &nbsp;&nbsp;&nbsp; Golub Capital Partners CLO 53(B) <br> Ltd., Series 2021-53A, <br> Class AR, 5.31% (3 mo. Term <br> SOFR + 0.98%), <br> 07/20/2034<sup>(b)(d)</sup> <br>|  | 9311000 | &nbsp;&nbsp; 9313356 |
| &nbsp;&nbsp;&nbsp; GS Mortgage Securities Trust, <br> Series 2020-GC47, Class A5, <br> 2.38%, 05/12/2053<br>|  | 3780000 | &nbsp;&nbsp; 3399401 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| GS Mortgage-Backed Securities Trust, | GS Mortgage-Backed Securities Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-INV1, Class A6, <br> 2.50%, 12/25/2051<sup>(b)(k)</sup> <br>|  | $2532475 | &nbsp;&nbsp; $2247674 |
| &nbsp;&nbsp;&nbsp; Series 2025-HE1, Class A1, <br> 6.09% (30 Day Average SOFR + <br> 1.55%), 10/25/2055<sup>(b)(d)</sup> <br>|  | 2755000 | &nbsp;&nbsp; 2756377 |
| &nbsp;&nbsp;&nbsp; Series 2025-PJ4, Class A4, <br> 6.00%, 09/25/2055<sup>(b)(k)</sup> <br>|  | 463518 | &nbsp;&nbsp; 467016 |
| &nbsp;&nbsp;&nbsp; GSR Mortgage Loan Trust, <br> Series 2005-AR4, Class 6A1, <br> 5.02%, 07/25/2035<sup>(k)</sup> <br>|  | 23716 | &nbsp;&nbsp; 22291 |
| Hertz Vehicle Financing III L.P., | Hertz Vehicle Financing III L.P., |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-2A, Class A, <br> 1.68%, 12/27/2027<sup>(b)</sup> <br>|  | 1322000 | &nbsp;&nbsp; 1275466 |
| &nbsp;&nbsp;&nbsp; Series 2021-2A, Class B, <br> 2.12%, 12/27/2027<sup>(b)</sup> <br>|  | 705000 | &nbsp;&nbsp; 677873 |
| &nbsp;&nbsp;&nbsp; Hilton Grand Vacations Trust, <br> Series 2025-1A, Class A, <br> 4.88%, 05/27/2042<sup>(b)</sup> <br>|  | 1243854 | &nbsp;&nbsp; 1250011 |
| &nbsp;&nbsp;&nbsp; HPEFS Equipment Trust, <br> Series 2023-2A, Class A2, <br> 6.04%, 01/21/2031<sup>(b)</sup> <br>|  | 1529 | &nbsp;&nbsp; 1530 |
| &nbsp;&nbsp;&nbsp; Invitation Homes Trust, <br> Series 2024-SFR1, Class A, <br> 4.00%, 09/17/2041<sup>(b)</sup> <br>|  | 1876785 | &nbsp;&nbsp; 1820226 |
| &nbsp;&nbsp;&nbsp; IP Mortgage Trust, Series 2025-IP, <br> Class A, 5.25%, <br> 06/10/2042<sup>(b)(k)</sup> <br>|  | 11643000 | &nbsp;&nbsp; 11740831 |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Mortgage Trust, <br> Series 2025-NQM3, Class A1, <br> 5.50%, 11/25/2065<sup>(b)(k)</sup> <br>|  | 5905000 | &nbsp;&nbsp; 5916199 |
| &nbsp;&nbsp;&nbsp; Jersey Mike's Funding, <br> Series 2025-1A, Class A2, <br> 5.61%, 08/16/2055<sup>(b)</sup> <br>|  | 6950000 | &nbsp;&nbsp; 7011767 |
| JP Morgan Mortgage Trust, | JP Morgan Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007-A1, Class 5A1, <br> 5.04%, 07/25/2035<sup>(k)</sup> <br>|  | 117235 | &nbsp;&nbsp; 118874 |
| &nbsp;&nbsp;&nbsp; Series 2021-LTV2, Class A1, <br> 2.52%, 05/25/2052<sup>(b)(k)</sup> <br>|  | 3603542 | &nbsp;&nbsp; 2997450 |
| &nbsp;&nbsp;&nbsp; Series 2024-8, Class A3, <br> 5.50%, 01/25/2055<sup>(b)(k)</sup> <br>|  | 1099739 | &nbsp;&nbsp; 1089525 |
| &nbsp;&nbsp;&nbsp; Series 2024-VIS1, Class A1, <br> 5.99%, 07/25/2064<sup>(b)(k)</sup> <br>|  | 4291724 | &nbsp;&nbsp; 4313173 |
| &nbsp;&nbsp;&nbsp; JPMBB Commercial Mortgage <br> Securities Trust, | &nbsp;&nbsp;&nbsp; JPMBB Commercial Mortgage <br> Securities Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014-C25, Class AS, <br> 4.07%, 11/15/2047<br>|  | 6036000 | &nbsp;&nbsp; 5835872 |
| &nbsp;&nbsp;&nbsp; Series 2015-C27, Class XA, IO, <br> 0.72%, 02/15/2048<sup>(h)</sup> <br>|  | 4347724 | &nbsp;&nbsp; 43 |
| &nbsp;&nbsp;&nbsp; KKR CLO 15 Ltd., Series 15, <br> Class A1R2, 5.43% (3 mo. <br> Term SOFR + 1.10%), <br> 01/18/2032<sup>(b)(d)</sup> <br>|  | 3483994 | &nbsp;&nbsp; 3485653 |
| &nbsp;&nbsp;&nbsp; Life Mortgage Trust, <br> Series 2021-BMR, Class C, <br> 5.56% (1 mo. Term SOFR + <br> 1.21%), 03/15/2038<sup>(b)(d)</sup> <br>|  | 167676 | &nbsp;&nbsp; 166991 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding XLVIII Ltd., <br> Series 2021-48A, Class A, <br> 5.74% (3 mo. Term SOFR + <br> 1.41%), 04/19/2033<sup>(b)(d)</sup> <br>|  | 9681011 | &nbsp;&nbsp; 9719745 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding XXXIII Ltd., <br> Series 2019-33A, Class AR, <br> 5.61% (3 mo. Term SOFR + <br> 1.29%), 10/15/2032<sup>(b)(d)</sup> <br>|  | 3693009 | &nbsp;&nbsp; 3698298 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| &nbsp;&nbsp;&nbsp; Mello Mortgage Capital Acceptance <br> Trust, | &nbsp;&nbsp;&nbsp; Mello Mortgage Capital Acceptance <br> Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-INV2, Class A4, <br> 2.50%, 08/25/2051<sup>(b)(k)</sup> <br>|  | $1934423 | &nbsp;&nbsp; $1716072 |
| &nbsp;&nbsp;&nbsp; Series 2021-INV3, Class A4, <br> 2.50%, 10/25/2051<sup>(b)(k)</sup> <br>|  | 1944433 | &nbsp;&nbsp; 1727617 |
| &nbsp;&nbsp;&nbsp; Metronet Infrastructure Issuer LLC, <br> 6.01%, 07/20/2055<sup>(f)</sup> <br>|  | 3750000 | &nbsp;&nbsp; 3716349 |
| &nbsp;&nbsp;&nbsp; MFA Trust, Series 2021-INV2, <br> Class A1, 1.91%, <br> 11/25/2056<sup>(b)(k)</sup> <br>|  | 2294315 | &nbsp;&nbsp; 2044080 |
| MHP Commercial Mortgage Trust, | MHP Commercial Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-STOR, Class A, <br> 5.16% (1 mo. Term SOFR + <br> 0.81%), 07/15/2038<sup>(b)(d)</sup> <br>|  | 1945000 | &nbsp;&nbsp; 1945417 |
| &nbsp;&nbsp;&nbsp; Series 2021-STOR, Class B, <br> 5.36% (1 mo. Term SOFR + <br> 1.01%), 07/15/2038<sup>(b)(d)</sup> <br>|  | 1460000 | &nbsp;&nbsp; 1460372 |
| &nbsp;&nbsp;&nbsp; MILE Trust 2025-STNE, <br> Series 2025-STNE, Class A, <br> 5.84% (1 mo. Term SOFR + <br> 1.50%), 07/15/2042<sup>(b)(d)</sup> <br>|  | 4735000 | &nbsp;&nbsp; 4749931 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Capital I Trust, <br> Series 2017-HR2, Class XA, IO, <br> 0.85%, 12/15/2050<sup>(h)</sup> <br>|  | 10393963 | &nbsp;&nbsp; 172410 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Residential Mortgage <br> Loan Trust, | &nbsp;&nbsp;&nbsp; Morgan Stanley Residential Mortgage <br> Loan Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-3, Class A1, <br> 6.00%, 07/25/2054<sup>(b)(k)</sup> <br>|  | 3147497 | &nbsp;&nbsp; 3166174 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM5, Class A1, <br> 5.65%, 10/25/2069<sup>(b)(k)</sup> <br>|  | 4657436 | &nbsp;&nbsp; 4677434 |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM1, Class A1, <br> 5.74%, 11/25/2069<sup>(b)(k)</sup> <br>|  | 4043676 | &nbsp;&nbsp; 4055790 |
| &nbsp;&nbsp;&nbsp; Navient Refinance Loan Trust, <br> Series 2025-A, Class A, 5.15%, <br> 02/16/2055<sup>(b)</sup> <br>|  | 3660306 | &nbsp;&nbsp; 3685777 |
| &nbsp;&nbsp;&nbsp; Neuberger Berman Loan Advisers <br> CLO 38 Ltd., Series 2020-38A, <br> Class AR2, 5.29% (3 mo. Term <br> SOFR + 0.96%), <br> 10/20/2036<sup>(b)(d)</sup> <br>|  | 4815000 | &nbsp;&nbsp; 4817350 |
| &nbsp;&nbsp;&nbsp; Neuberger Berman Loan Advisers <br> CLO 40 Ltd., Series 2021-40A, <br> Class A, 5.64% (3 mo. Term <br> SOFR + 1.32%), <br> 04/16/2033<sup>(b)(d)</sup> <br>|  | 3072483 | &nbsp;&nbsp; 3077878 |
| &nbsp;&nbsp;&nbsp; Neuberger Berman Loan Advisers <br> CLO 49 Ltd., Series 2022-49A, <br> Class AR, 5.47% (3 mo. Term <br> SOFR + 1.15%), <br> 07/25/2035<sup>(b)(d)</sup> <br>|  | 5387000 | &nbsp;&nbsp; 5392026 |
| New Residential Mortgage Loan Trust, | New Residential Mortgage Loan Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-NQM2, Class A1, <br> 3.08%, 03/27/2062<sup>(b)(k)</sup> <br>|  | 1993786 | &nbsp;&nbsp; 1869654 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM3, Class A1, <br> 5.47%, 11/25/2064<sup>(b)</sup> <br>|  | 1540033 | &nbsp;&nbsp; 1540262 |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM2, Class A1, <br> 5.57%, 04/25/2065<sup>(b)</sup> <br>|  | 5544229 | &nbsp;&nbsp; 5567363 |
| &nbsp;&nbsp;&nbsp; Oaktree CLO Ltd., Series 2021-2A, <br> Class AR, 5.29% (3 mo. Term <br> SOFR + 0.97%), <br> 01/15/2035<sup>(b)(d)</sup> <br>|  | 3920000 | &nbsp;&nbsp; 3921858 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| OBX Trust, | OBX Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-NQM4, Class A1, <br> 1.96%, 10/25/2061<sup>(b)(k)</sup> <br>|  | $3055167 | &nbsp;&nbsp; $2578182 |
| &nbsp;&nbsp;&nbsp; Series 2022-NQM1, Class A1, <br> 2.31%, 11/25/2061<sup>(b)(k)</sup> <br>|  | 2557192 | &nbsp;&nbsp; 2273954 |
| &nbsp;&nbsp;&nbsp; Series 2022-NQM2, Class A1B, <br> 3.38%, 01/25/2062<sup>(b)</sup> <br>|  | 2305000 | &nbsp;&nbsp; 2063006 |
| &nbsp;&nbsp;&nbsp; Series 2022-NQM8, Class A1, <br> 6.10%, 09/25/2062<sup>(b)</sup> <br>|  | 3797343 | &nbsp;&nbsp; 3786369 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM14, Class A1, <br> 4.94%, 09/25/2064<sup>(b)</sup> <br>|  | 3127639 | &nbsp;&nbsp; 3104332 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM18, Class A1, <br> 5.41%, 10/25/2064<sup>(b)(k)</sup> <br>|  | 2029167 | &nbsp;&nbsp; 2023482 |
| &nbsp;&nbsp;&nbsp; Oceanview Mortgage Trust, <br> Series 2021-3, Class A5, <br> 2.50%, 07/25/2051<sup>(b)(k)</sup> <br>|  | 2223519 | &nbsp;&nbsp; 1985883 |
| &nbsp;&nbsp;&nbsp; OCP CLO Ltd., Series 2020-8RA, <br> Class AR, 5.57% (3 mo. Term <br> SOFR + 1.25%), <br> 10/17/2036<sup>(b)(d)</sup> <br>|  | 10099000 | &nbsp;&nbsp; 10093961 |
| &nbsp;&nbsp;&nbsp; Palmer Square Loan Funding Ltd., <br> Series 2025-2A, Class A1, <br> 5.23% (3 mo. Term SOFR + <br> 0.94%), 07/15/2033<sup>(b)(d)</sup> <br>|  | 10655000 | &nbsp;&nbsp; 10664142 |
| &nbsp;&nbsp;&nbsp; Pikes Peak CLO 6, Series 2020-6A, <br> Class ARR, 5.26% (3 mo. Term <br> SOFR + 0.94%), <br> 05/18/2034<sup>(b)(d)</sup> <br>|  | 5390000 | &nbsp;&nbsp; 5391353 |
| &nbsp;&nbsp;&nbsp; PMT Loan Trust, Series 2025-INV1, <br> Class A7, 6.00%, <br> 01/25/2060<sup>(b)(k)</sup> <br>|  | 2544980 | &nbsp;&nbsp; 2568867 |
| &nbsp;&nbsp;&nbsp; PRKCM Trust, Series 2023-AFC4, <br> Class A1, 7.23%, <br> 11/25/2058<sup>(b)</sup> <br>|  | 3974541 | &nbsp;&nbsp; 4027351 |
| Progress Residential Trust, | Progress Residential Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR10, Class A, <br> 2.39%, 12/17/2040<sup>(b)</sup> <br>|  | 2034290 | &nbsp;&nbsp; 1905015 |
| &nbsp;&nbsp;&nbsp; Series 2022-SFR5, Class A, <br> 4.45%, 06/17/2039<sup>(b)</sup> <br>|  | 3062949 | &nbsp;&nbsp; 3052085 |
| &nbsp;&nbsp;&nbsp; Qdoba Funding LLC, <br> Series 2023-1A, Class A2, <br> 8.50%, 09/14/2053<sup>(b)</sup> <br>|  | 5742607 | &nbsp;&nbsp; 5973873 |
| Rate Mortgage Trust, | Rate Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-J4, Class A1, <br> 6.00%, 12/25/2054<sup>(b)(k)</sup> <br>|  | 3654644 | &nbsp;&nbsp; 3680341 |
| &nbsp;&nbsp;&nbsp; Series 2025-J1, Class A4, <br> 6.00%, 03/25/2055<sup>(b)(k)</sup> <br>|  | 3258362 | &nbsp;&nbsp; 3280327 |
| &nbsp;&nbsp;&nbsp; Series 2025-J2, Class A5, <br> 5.50%, 07/25/2055<sup>(b)(k)</sup> <br>|  | 3896717 | &nbsp;&nbsp; 3898966 |
| RCKT Mortgage Trust, | RCKT Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-CES6, Class A1A, <br> 5.47%, 06/25/2055<sup>(b)</sup> <br>|  | 2091259 | &nbsp;&nbsp; 2098392 |
| &nbsp;&nbsp;&nbsp; Series 2025-CES7, Class A1A, <br> 5.38%, 07/25/2055<sup>(b)</sup> <br>|  | 2315000 | &nbsp;&nbsp; 2320904 |
| &nbsp;&nbsp;&nbsp; Regatta XIII Funding Ltd., <br> Series 2018-2A, Class A1R, <br> 5.42% (3 mo. Term SOFR + <br> 1.10%), 07/15/2031<sup>(b)(d)</sup> <br>|  | 2402888 | &nbsp;&nbsp; 2403729 |
| Residential Accredit Loans, Inc. Trust, | Residential Accredit Loans, Inc. Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006-QS13, Class 1A8, <br> 6.00%, 09/25/2036<br>|  | 36612 | &nbsp;&nbsp; 28754 |
| &nbsp;&nbsp;&nbsp; Series 2007-QS6, Class A28, <br> 5.75%, 04/25/2037<br>|  | 204122 | &nbsp;&nbsp; 166806 |
| &nbsp;&nbsp;&nbsp; Residential Mortgage Loan Trust, <br> Series 2020-1, Class A1, <br> 2.38%, 01/26/2060<sup>(b)(k)</sup> <br>|  | 66280 | &nbsp;&nbsp; 65653 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| &nbsp;&nbsp;&nbsp; RUN Trust, Series 2022-NQM1, <br> Class A1, 4.00%, <br> 03/25/2067<sup>(b)</sup> <br>|  | $1699379 | &nbsp;&nbsp; $1657898 |
| SG Residential Mortgage Trust, | SG Residential Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-1, Class A1, <br> 3.17%, 03/27/2062<sup>(b)(k)</sup> <br>|  | 3638629 | &nbsp;&nbsp; 3372231 |
| &nbsp;&nbsp;&nbsp; Series 2022-1, Class A2, <br> 3.58%, 03/27/2062<sup>(b)(k)</sup> <br>|  | 1535063 | &nbsp;&nbsp; 1392694 |
| &nbsp;&nbsp;&nbsp; Shackleton CLO Ltd., <br> Series 2015-7RA, Class ARR, <br> 5.42% (3 mo. Term SOFR + <br> 1.10%), 07/15/2031<sup>(b)(d)</sup> <br>|  | 1155494 | &nbsp;&nbsp; 1155149 |
| &nbsp;&nbsp;&nbsp; Signal Peak CLO 1 Ltd., <br> Series 2014-1A, Class AR4, <br> 5.40% (3 mo. Term SOFR + <br> 1.08%), 04/17/2034<sup>(b)(d)</sup> <br>|  | 7532000 | &nbsp;&nbsp; 7541392 |
| Sonic Capital LLC, | Sonic Capital LLC, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-1A, Class A2I, <br> 3.85%, 01/20/2050<sup>(b)</sup> <br>|  | 2995125 | &nbsp;&nbsp; 2930595 |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A2I, <br> 2.19%, 08/20/2051<sup>(b)</sup> <br>|  | 1788700 | &nbsp;&nbsp; 1633409 |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A2II, <br> 2.64%, 08/20/2051<sup>(b)</sup> <br>|  | 1750233 | &nbsp;&nbsp; 1483308 |
| &nbsp;&nbsp;&nbsp; STAR Trust, Series 2021-1, <br> Class A1, 1.22%, <br> 05/25/2065<sup>(b)(k)</sup> <br>|  | 1024213 | &nbsp;&nbsp; 956166 |
| Starwood Mortgage Residential Trust, | Starwood Mortgage Residential Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-1, Class A1, <br> 2.28%, 02/25/2050<sup>(b)(k)</sup> <br>|  | 90584 | &nbsp;&nbsp; 86183 |
| &nbsp;&nbsp;&nbsp; Series 2021-6, Class A1, <br> 1.92%, 11/25/2066<sup>(b)(k)</sup> <br>|  | 3525216 | &nbsp;&nbsp; 3098152 |
| &nbsp;&nbsp;&nbsp; Series 2022-1, Class A1, <br> 2.45%, 12/25/2066<sup>(b)(k)</sup> <br>|  | 2614595 | &nbsp;&nbsp; 2357632 |
| Subway Funding LLC, | Subway Funding LLC, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A23, <br> 6.51%, 07/30/2054<sup>(b)</sup> <br>|  | 3895562 | &nbsp;&nbsp; 3970836 |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A2I, <br> 6.03%, 07/30/2054<sup>(b)</sup> <br>|  | 4275690 | &nbsp;&nbsp; 4337788 |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A2I, <br> 6.27%, 07/30/2054<sup>(b)</sup> <br>|  | 4239960 | &nbsp;&nbsp; 4325798 |
| &nbsp;&nbsp;&nbsp; Series 2024-3A, Class A23, <br> 5.91%, 07/30/2054<sup>(b)</sup> <br>|  | 4272712 | &nbsp;&nbsp; 4189088 |
| &nbsp;&nbsp;&nbsp; Series 2024-3A, Class A2I, <br> 5.25%, 07/30/2054<sup>(b)</sup> <br>|  | 3950150 | &nbsp;&nbsp; 3897730 |
| &nbsp;&nbsp;&nbsp; Series 2024-3A, Class A2I, <br> 5.57%, 07/30/2054<sup>(b)</sup> <br>|  | 4049400 | &nbsp;&nbsp; 3996601 |
| &nbsp;&nbsp;&nbsp; Symphony CLO XVI Ltd., <br> Series 2015-16A, Class ARR, <br> 5.52% (3 mo. Term SOFR + <br> 1.20%), 10/15/2031<sup>(b)(d)</sup> <br>|  | 2107366 | &nbsp;&nbsp; 2111604 |
| &nbsp;&nbsp;&nbsp; Symphony CLO XX Ltd., <br> Series 2018-20A, Class AR2, <br> 5.42% (3 mo. Term SOFR + <br> 1.10%), 01/16/2032<sup>(b)(d)</sup> <br>|  | 4060623 | &nbsp;&nbsp; 4062507 |
| &nbsp;&nbsp;&nbsp; Symphony CLO XXI Ltd., <br> Series 2019-21A, Class AR2, <br> 5.22% (3 mo. Term SOFR + <br> 0.90%), 07/15/2032<sup>(b)(d)</sup> <br>|  | 6318752 | &nbsp;&nbsp; 6321343 |
| &nbsp;&nbsp;&nbsp; Symphony CLO XXII Ltd., <br> Series 2020-22A, Class A1AR, <br> 5.51% (3 mo. Term SOFR + <br> 1.18%), 04/18/2033<sup>(b)(d)</sup> <br>|  | 3007895 | &nbsp;&nbsp; 3008839 |
| &nbsp;&nbsp;&nbsp; Symphony CLO XXIII Ltd., <br> Series 2020-23A, Class AR2, <br> 5.22% (3 mo. Term SOFR + <br> 0.90%), 01/15/2034<sup>(b)(d)</sup> <br>|  | 1980852 | &nbsp;&nbsp; 1979661 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| &nbsp;&nbsp;&nbsp; Synchrony Card Funding LLC, <br> Series 2024-A2, Class A, <br> 4.93%, 07/15/2030<br>|  | $2805000 | &nbsp;&nbsp; $2837666 |
| &nbsp;&nbsp;&nbsp; Textainer Marine Containers VII <br> Ltd., Series 2021-2A, Class A, <br> 2.23%, 04/20/2046<sup>(b)</sup> <br>|  | 2777940 | &nbsp;&nbsp; 2583580 |
| TierPoint Issuer LLC, | TierPoint Issuer LLC, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2, <br> 6.15%, 04/26/2055<sup>(b)</sup> <br>|  | 6566000 | &nbsp;&nbsp; 6618634 |
| &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A2, <br> 6.40%, 04/26/2055<sup>(b)</sup> <br>|  | 5131000 | &nbsp;&nbsp; 5124255 |
| &nbsp;&nbsp;&nbsp; Tricon American Homes Trust, <br> Series 2020-SFR2, Class A, <br> 1.48%, 11/17/2039<sup>(b)</sup> <br>|  | 3653926 | &nbsp;&nbsp; 3421060 |
| &nbsp;&nbsp;&nbsp; Tricon Residential Trust, <br> Series 2025-SFR1, Class A, <br> 5.44% (1 mo. Term SOFR + <br> 1.10%), 03/17/2042<sup>(b)(d)</sup> <br>|  | 4003116 | &nbsp;&nbsp; 4005566 |
| &nbsp;&nbsp;&nbsp; UBS Commercial Mortgage Trust, <br> Series 2017-C5, Class XA, IO, <br> 1.13%, 11/15/2050<sup>(h)</sup> <br>|  | 11611122 | &nbsp;&nbsp; 205281 |
| VDCM Commercial Mortgage Trust, | VDCM Commercial Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-AZ, Class A, <br> 5.23%, 07/13/2044<sup>(b)(k)</sup> <br>|  | 4680000 | &nbsp;&nbsp; 4674455 |
| &nbsp;&nbsp;&nbsp; Series 2025-AZ, Class B, <br> 5.48%, 07/13/2044<sup>(b)(k)</sup> <br>|  | 1435000 | &nbsp;&nbsp; 1430708 |
| Verus Securitization Trust, | Verus Securitization Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1, Class A1B, <br> 0.82%, 01/25/2066<sup>(b)(k)</sup> <br>|  | 530494 | &nbsp;&nbsp; 472046 |
| &nbsp;&nbsp;&nbsp; Series 2021-7, Class A1, <br> 1.83%, 10/25/2066<sup>(b)</sup> <br>|  | 2920130 | &nbsp;&nbsp; 2626835 |
| &nbsp;&nbsp;&nbsp; Series 2021-R1, Class A1, <br> 0.82%, 10/25/2063<sup>(b)(k)</sup> <br>|  | 471268 | &nbsp;&nbsp; 455008 |
| &nbsp;&nbsp;&nbsp; Series 2022-1, Class A1, <br> 2.72%, 01/25/2067<sup>(b)</sup> <br>|  | 2023258 | &nbsp;&nbsp; 1883386 |
| &nbsp;&nbsp;&nbsp; Series 2022-3, Class A1, <br> 4.13%, 02/25/2067<sup>(b)</sup> <br>|  | 2359485 | &nbsp;&nbsp; 2250997 |
| &nbsp;&nbsp;&nbsp; Series 2022-7, Class A1, <br> 5.15%, 07/25/2067<sup>(b)</sup> <br>|  | 991141 | &nbsp;&nbsp; 988060 |
| &nbsp;&nbsp;&nbsp; Series 2022-INV2, Class A1, <br> 6.79%, 10/25/2067<sup>(b)</sup> <br>|  | 1316525 | &nbsp;&nbsp; 1315205 |
| &nbsp;&nbsp;&nbsp; Series 2024-7, Class A1, <br> 5.10%, 09/25/2069<sup>(b)(k)</sup> <br>|  | 2504146 | &nbsp;&nbsp; 2487294 |
| &nbsp;&nbsp;&nbsp; Visio Trust, Series 2020-1R, <br> Class A1, 1.31%, <br> 11/25/2055<sup>(b)</sup> <br>|  | 353035 | &nbsp;&nbsp; 338038 |
| &nbsp;&nbsp;&nbsp; WaMu Mortgage Pass-Through Ctfs. <br> Trust, | &nbsp;&nbsp;&nbsp; WaMu Mortgage Pass-Through Ctfs. <br> Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2003-AR10, Class A7, <br> 6.49%, 10/25/2033<sup>(k)</sup> <br>|  | 132203 | &nbsp;&nbsp; 127406 |
| &nbsp;&nbsp;&nbsp; Series 2005-AR14, Class 1A4, <br> 4.92%, 12/25/2035<sup>(k)</sup> <br>|  | 229382 | &nbsp;&nbsp; 216324 |
| &nbsp;&nbsp;&nbsp; Series 2005-AR16, Class 1A1, <br> 4.68%, 12/25/2035<sup>(k)</sup> <br>|  | 211152 | &nbsp;&nbsp; 194270 |
| &nbsp;&nbsp;&nbsp; Wells Fargo Commercial Mortgage <br> Trust, Series 2017-C42, <br> Class XA, IO, 0.83%, <br> 12/15/2050<sup>(h)</sup> <br>|  | 16044567 | &nbsp;&nbsp; 259490 |
| &nbsp;&nbsp;&nbsp; WEST Trust 2025-ROSE, <br> Series 2025-ROSE, Class A, <br> 5.28%, 04/10/2035<sup>(b)(k)</sup> <br>|  | 14000000 | &nbsp;&nbsp; 14205358 |
| &nbsp;&nbsp;&nbsp; WF Card Issuance Trust, <br> Series 2024-A1, Class A, <br> 4.94%, 02/15/2029<br>|  | 7253000 | &nbsp;&nbsp; 7328887 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| &nbsp;&nbsp;&nbsp; WFRBS Commercial Mortgage Trust, <br> Series 2013-C14, Class AS, <br> 3.49%, 06/15/2046<br>|  | $315290 | &nbsp;&nbsp; $307135 |
| Zaxby's Funding LLC, | Zaxby's Funding LLC, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A2, <br> 3.24%, 07/30/2051<sup>(b)</sup> <br>|  | 5620800 | &nbsp;&nbsp; 5240474 |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A2I, <br> 6.59%, 04/30/2054<sup>(b)</sup> <br>|  | 2564100 | &nbsp;&nbsp; 2606409 |
| &nbsp;&nbsp;&nbsp; Zayo Issuer LLC, Series 2025-2A, <br> Class A2, 5.95%, <br> 06/20/2055<sup>(b)</sup> <br>|  | 6672000 | &nbsp;&nbsp; 6822662 |
| &nbsp;&nbsp;&nbsp; Ziply Fiber Issuer LLC, <br> Series 2024-1A, Class A2, <br> 6.64%, 04/20/2054<sup>(b)</sup> <br>|  | 3920000 | &nbsp;&nbsp; 4011839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br> (Cost $695,758,443) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br> (Cost $695,758,443) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br> (Cost $695,758,443) | &nbsp;&nbsp; 680226149 |
| **U.S. Treasury Securities–17.37%** | **U.S. Treasury Securities–17.37%** | **U.S. Treasury Securities–17.37%** | **U.S. Treasury Securities–17.37%** |
| **U.S. Treasury Bills–0.01%** | **U.S. Treasury Bills–0.01%** | **U.S. Treasury Bills–0.01%** | **U.S. Treasury Bills–0.01%** |
| &nbsp;&nbsp;&nbsp; 4.10% - 4.12%, <br> 05/14/2026<sup>(l)</sup> <br>|  | 472000 | &nbsp;&nbsp; 457004 |
| **U.S. Treasury Bonds–5.27%** | **U.S. Treasury Bonds–5.27%** | **U.S. Treasury Bonds–5.27%** | **U.S. Treasury Bonds–5.27%** |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/15/2028 |  | 7000000 | &nbsp;&nbsp; 7288477 |
| &nbsp;&nbsp;&nbsp; 5.25%, 02/15/2029 |  | 1000000 | &nbsp;&nbsp; 1047187 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/2045 |  | 41096500 | &nbsp;&nbsp; 41706526 |
| &nbsp;&nbsp;&nbsp; 2.88%, 11/15/2046 |  | 4000000 | &nbsp;&nbsp; 2912656 |
| &nbsp;&nbsp;&nbsp; 2.00%, 08/15/2051 |  | 1400000 | &nbsp;&nbsp; 795539 |
| &nbsp;&nbsp;&nbsp; 4.63%, 02/15/2055 |  | 111378800 | &nbsp;&nbsp; 106732216 |
|  |  |  | &nbsp;&nbsp; 160482601 |
| **U.S. Treasury Notes–12.09%** | **U.S. Treasury Notes–12.09%** | **U.S. Treasury Notes–12.09%** | **U.S. Treasury Notes–12.09%** |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/2026 |  | 2600000 | &nbsp;&nbsp; 2617113 |
| &nbsp;&nbsp;&nbsp; 2.25%, 02/15/2027 |  | 15000000 | &nbsp;&nbsp; 14606543 |
| &nbsp;&nbsp;&nbsp; 3.75%, 06/30/2027 |  | 189246200 | &nbsp;&nbsp; 188551311 |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/15/2027 |  | 7500000 | &nbsp;&nbsp; 7559766 |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/15/2027 |  | 3000000 | &nbsp;&nbsp; 2997363 |
| &nbsp;&nbsp;&nbsp; 3.88%, 07/15/2028 |  | 17189500 | &nbsp;&nbsp; 17184800 |
| &nbsp;&nbsp;&nbsp; 4.13%, 10/31/2029 |  | 1500000 | &nbsp;&nbsp; 1511397 |
| &nbsp;&nbsp;&nbsp; 3.88%, 06/30/2030 |  | 77128900 | &nbsp;&nbsp; 76863769 |
| &nbsp;&nbsp;&nbsp; 0.63%, 08/15/2030 |  | 5000000 | &nbsp;&nbsp; 4244434 |
| &nbsp;&nbsp;&nbsp; 4.13%, 11/30/2031 |  | 1500000 | &nbsp;&nbsp; 1502900 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/30/2032 |  | 1800000 | &nbsp;&nbsp; 1787168 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/30/2032 |  | 3994800 | &nbsp;&nbsp; 3962966 |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/15/2033 |  | 1500000 | &nbsp;&nbsp; 1464287 |
| &nbsp;&nbsp;&nbsp; 4.38%, 05/15/2034 |  | 1000000 | &nbsp;&nbsp; 1006270 |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/15/2035 |  | 42827800 | &nbsp;&nbsp; 42456402 |
|  |  |  | &nbsp;&nbsp; 368316489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury Securities <br> (Cost $528,830,111) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury Securities <br> (Cost $528,830,111) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury Securities <br> (Cost $528,830,111) | &nbsp;&nbsp; 529256094 |
|  | &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;&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>**Shares** | &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;&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>**Shares** |  |
| **Preferred Stocks–0.37%** | **Preferred Stocks–0.37%** | **Preferred Stocks–0.37%** | **Preferred Stocks–0.37%** |
| **Diversified Financial Services–0.19%** | **Diversified Financial Services–0.19%** | **Diversified Financial Services–0.19%** | **Diversified Financial Services–0.19%** |
| &nbsp;&nbsp;&nbsp; Apollo Global Management, Inc., <br> 7.63%, Pfd.<sup>(c)</sup>  | &nbsp;&nbsp;&nbsp; Apollo Global Management, Inc., <br> 7.63%, Pfd.<sup>(c)</sup>  | 215375 | &nbsp;&nbsp; 5735436 |
| **Regional Banks–0.18%** | **Regional Banks–0.18%** | **Regional Banks–0.18%** | **Regional Banks–0.18%** |
| M&T Bank Corp., 7.50%, Series J, Pfd. | M&T Bank Corp., 7.50%, Series J, Pfd. | 198205 | &nbsp;&nbsp; 5357481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks (Cost $10,339,500) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks (Cost $10,339,500) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks (Cost $10,339,500) | &nbsp;&nbsp; 11092917 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Agency Credit Risk Transfer Notes–0.08%** | **Agency Credit Risk Transfer Notes–0.08%** | **Agency Credit Risk Transfer Notes–0.08%** | **Agency Credit Risk Transfer Notes–0.08%** |
| &nbsp;&nbsp;&nbsp; Fannie Mae Connecticut Avenue <br> Securities, | &nbsp;&nbsp;&nbsp; Fannie Mae Connecticut Avenue <br> Securities, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-R02, Class 1M1, <br> 6.65% (30 Day Average SOFR + <br> 2.30%), 01/25/2043<sup>(b)(d)</sup> <br>|  | $913102 | &nbsp;&nbsp; $934397 |
| &nbsp;&nbsp;&nbsp; Series 2025-R04, Class 1A1, <br> 5.35% (30 Day Average SOFR + <br> 1.00%), 05/25/2045<sup>(b)(d)</sup> <br>|  | 458267 | &nbsp;&nbsp; 458517 |
| Freddie Mac, | Freddie Mac, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-DNA6, Class M1, <br> STACR<sup>®</sup>, 6.50% (30 Day <br> Average SOFR + 2.15%), <br> 09/25/2042<sup>(b)(d)</sup> <br>|  | 310340 | &nbsp;&nbsp; 312811 |
| &nbsp;&nbsp;&nbsp; Series 2023-DNA1, Class M1, <br> STACR<sup>®</sup>, 6.45% (30 Day <br> Average SOFR + 2.10%), <br> 03/25/2043<sup>(b)(d)</sup> <br>|  | 688933 | &nbsp;&nbsp; 700235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Agency Credit Risk Transfer Notes <br> (Cost $2,370,642) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Agency Credit Risk Transfer Notes <br> (Cost $2,370,642) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Agency Credit Risk Transfer Notes <br> (Cost $2,370,642) | &nbsp;&nbsp; 2405960 |

---

---

| | | |
|:---|:---|:---|
| &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;&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>**Shares** | &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;&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>**Shares** | **Value** |
| **Exchange-Traded Funds–0.00%** | **Exchange-Traded Funds–0.00%** | **Exchange-Traded Funds–0.00%** |
| &nbsp;&nbsp;&nbsp; Invesco Core Fixed Income ETF <br>(Cost $112,440)<sup>(m)</sup>  | 4500 | &nbsp;&nbsp; $112530 |
| **Money Market Funds–18.23%** | **Money Market Funds–18.23%** | **Money Market Funds–18.23%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency <br> Portfolio, Institutional Class, <br> 4.25%<sup>(m)(n)</sup>  | 195145617 | &nbsp;&nbsp; 195145617 |
| &nbsp;&nbsp;&nbsp; Invesco Treasury Portfolio, <br> Institutional Class, 4.23%<sup>(m)(n)</sup>  | 360322255 | &nbsp;&nbsp; 360322255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $555,467,872) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $555,467,872) | &nbsp;&nbsp; 555467872 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES–127.39% <br> (Cost $3,890,538,060) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES–127.39% <br> (Cost $3,890,538,060) | &nbsp;&nbsp; 3880913238 |
| OTHER ASSETS LESS LIABILITIES—(27.39)% | OTHER ASSETS LESS LIABILITIES—(27.39)% | &nbsp;&nbsp; (834347925)<br>|
| NET ASSETS–100.00% | NET ASSETS–100.00% | &nbsp;&nbsp; $3046565313 |

---

Investment Abbreviations:

---

| | |
|:---|:---|
| ARM | – Adjustable Rate Mortgage |
| Ctfs. | – Certificates |
| ETF | – Exchange-Traded Fund |
| IO | – Interest Only |
| Pfd. | – Preferred |
| PO | – Principal Only |
| REIT | – Real Estate Investment Trust |
| REMICs | – Real Estate Mortgage Investment Conduits |
| SOFR | – Secured Overnight Financing Rate |
| STACR<sup>®</sup> | – Structured Agency Credit Risk |
| STRIPS | – Separately Traded Registered Interest and Principal Security |
| TBA | – To Be Announced |

---

Notes to Schedule of Investments:

<sup>(a)</sup> Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor's. 

<sup>(b)</sup> Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at July 31, 2025 was $959,028,306, which represented 31.48% of the Fund's Net Assets. 

<sup>(c)</sup> Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate.

<sup>(d)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on July 31, 2025.

<sup>(e)</sup> Perpetual bond with no specified maturity date.

<sup>(f)</sup> Security valued using significant unobservable inputs (Level 3). See Note 1.

<sup>(g)</sup> Interest only security. Principal amount shown is the notional principal and does not reflect the maturity value of the security.

<sup>(h)</sup> Interest only security. Principal amount shown is the notional principal and does not reflect the maturity value of the security. Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on July 31, 2025. 

<sup>(i)</sup> Zero coupon bond issued at a discount.

<sup>(j)</sup> Security purchased on a forward commitment basis. This security is subject to dollar roll transactions. 

<sup>(k)</sup> Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on July 31, 2025. 

<sup>(l)</sup> Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund.

<sup>(m)</sup> Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the nine months ended July 31, 2025. 

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**October 31, 2024**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**July 31, 2025**<br>| **Dividend Income** |
| Invesco Core Fixed Income ETF | $- | &nbsp;&nbsp; $112440 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $90 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $112530 | &nbsp;&nbsp; $- |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value**<br> **October 31, 2024**<br>| **Purchases**<br> **at Cost**<br>| **Proceeds**<br> **from Sales**<br>| **Change in**<br> **Unrealized**<br> **Appreciation**<br>| **Realized**<br> **Gain**<br>| **Value**<br> **July 31, 2025**<br>| **Dividend Income** |
| **Investments in Affiliated Money Market** <br> **Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class<br>| $202470270 | &nbsp;&nbsp; $378546777 | &nbsp;&nbsp; $(385871430) | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $195145617 | &nbsp;&nbsp; $7206925 |
| Invesco Treasury Portfolio, Institutional Class | &nbsp;&nbsp; 373925183 | &nbsp;&nbsp;&nbsp;&nbsp; 703015442 | &nbsp;&nbsp;&nbsp;&nbsp; (716618370) | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; 360322255 | &nbsp;&nbsp; 13219601 |
| Total | $576395453 | &nbsp;&nbsp; $1081674659 | &nbsp;&nbsp; $(1102489800) | &nbsp;&nbsp; $90 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $555580402 | &nbsp;&nbsp; $20426526 |

---

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

<sup>(n)</sup> The rate shown is the 7-day SEC standardized yield as of July 31, 2025.

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  |
| **Long Futures Contracts** | &nbsp;&nbsp; **Number of**<br> **Contracts**<br>| &nbsp;&nbsp;&nbsp; **Expiration**<br> **Month**<br>| &nbsp;&nbsp; **Notional**<br> **Value**<br>| **Value** | &nbsp;&nbsp; **Unrealized**<br> **Appreciation**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** |
| U.S. Treasury 2 Year Notes | &nbsp;&nbsp;&nbsp; 1514 | September-2025 | &nbsp;&nbsp;&nbsp; $313374345 | &nbsp;&nbsp;&nbsp; $(565179)<br>| &nbsp;&nbsp;&nbsp; $(565179)<br>|
| U.S. Treasury 5 Year Notes | &nbsp;&nbsp;&nbsp; 276 | September-2025 | &nbsp;&nbsp;&nbsp; 29855438 | &nbsp;&nbsp;&nbsp; (67327)<br>| &nbsp;&nbsp;&nbsp; (67327)<br>|
| U.S. Treasury 10 Year Notes | &nbsp;&nbsp;&nbsp; 1035 | September-2025 | &nbsp;&nbsp;&nbsp; 114949688 | &nbsp;&nbsp;&nbsp; 581258 | &nbsp;&nbsp;&nbsp; 581258 |
| U.S. Treasury Long Bonds | &nbsp;&nbsp;&nbsp; 1550 | September-2025 | &nbsp;&nbsp;&nbsp; 176990625 | &nbsp;&nbsp;&nbsp; 3178787 | &nbsp;&nbsp;&nbsp; 3178787 |
| U.S. Treasury Ultra Bonds | &nbsp;&nbsp;&nbsp; 60 | September-2025 | &nbsp;&nbsp;&nbsp; 7038750 | &nbsp;&nbsp;&nbsp; (139407)<br>| &nbsp;&nbsp;&nbsp; (139407)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Long Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Long Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Long Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Long Futures Contracts | &nbsp;&nbsp;&nbsp; 2988132 | &nbsp;&nbsp;&nbsp; 2988132 |
| **Short Futures Contracts** |  |  |  |  |  |
| **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** |
| U.S. Treasury 10 Year Ultra Notes | &nbsp;&nbsp;&nbsp; 2222 | September-2025 | &nbsp;&nbsp;&nbsp; (251259594)<br>| &nbsp;&nbsp;&nbsp; (2895736)<br>| &nbsp;&nbsp;&nbsp; (2895736)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp; $92396 | &nbsp;&nbsp;&nbsp; $92396 |

---

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

<sup>(a)</sup> Futures contracts collateralized by $7,197,743 cash held with Merrill Lynch International, the futures commission merchant.

The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.

See accompanying notes which are an integral part of this schedule.

**Invesco Core Bond Fund**

------

**Notes to Quarterly Schedule of Portfolio Holdings**

*July 31, 2025*

*(Unaudited)*

**NOTE 1—Additional Valuation Information**

Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment's assigned level:

Level 1 – Prices are determined using quoted prices in an active market for identical assets.

Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. When market movements occur after the close of the relevant foreign securities markets, foreign securities may be fair valued utilizing an independent pricing service.

Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.'s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.

The following is a summary of the tiered valuation input levels, as of July 31, 2025. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <br>**Investments in Securities** |  |  |  |  |
| U.S. Dollar Denominated Bonds & Notes | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1147785527 | &nbsp;&nbsp;&nbsp;&nbsp; $8310309 | &nbsp;&nbsp;&nbsp;&nbsp; $1156095836 |
| U.S. Government Sponsored Agency Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 946255880 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 946255880 |
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 676509800 | &nbsp;&nbsp;&nbsp;&nbsp; 3716349 | &nbsp;&nbsp;&nbsp;&nbsp; 680226149 |
| U.S. Treasury Securities | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 529256094 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 529256094 |
| Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp; 11092917 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11092917 |
| Agency Credit Risk Transfer Notes | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2405960 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2405960 |
| Exchange-Traded Funds | &nbsp;&nbsp;&nbsp;&nbsp; 112530 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 112530 |
| Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp; 555467872 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 555467872 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; 566673319 | &nbsp;&nbsp;&nbsp;&nbsp; 3302213261 | &nbsp;&nbsp;&nbsp;&nbsp; 12026658 | &nbsp;&nbsp;&nbsp;&nbsp; 3880913238 |
| **Other Investments - Assets\*** |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; 3760045 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3760045 |
| **Other Investments - Liabilities\*** |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; (3667649)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3667649)<br>|
| **Total Other Investments** | &nbsp;&nbsp;&nbsp;&nbsp; 92396 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 92396 |
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $566765715 | &nbsp;&nbsp;&nbsp;&nbsp; $3302213261 | &nbsp;&nbsp;&nbsp;&nbsp; $12026658 | &nbsp;&nbsp;&nbsp;&nbsp; $3881005634 |

---

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

\* Unrealized appreciation (depreciation).

**Invesco Core Bond Fund**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AIM Investment Funds (Invesco Investment Funds)

- **b. Investment Company Act file number:** 811-05426

- **c. CIK number of Registrant:** 0000826644

- **d. LEI of Registrant:** Y5W0BJB7U2X9V6NIC803

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

  - **Street Address 1:** 11 Greenway Plaza

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 77046-1173

  - **Telephone number:** 800-959-4246

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

- **a. Name of Series:** Invesco Core Bond Fund

- **b. EDGAR series identifier (if any):** S000064702

- **c. LEI of Series:** 549300XXP1PITXZJK016

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $4062983619.40

**Total Liabilities:** $1026998449.28

**Net Assets:** $3035985170.12

**Delayed Delivery Securities:** $873705077.34

**Cash Not Reported:** $8708293.93

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -6200.24075912 | **1-Year:** -168497.09673364 | **5-Year:** -471570.55135385 | **10-Year:** -593959.75676308 | **30-Year:** -205966.66782293

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

- **3-Month:** -53.06115921 | **1-Year:** -1468.73141163 | **5-Year:** -6464.12276289 | **10-Year:** -3195.01899733 | **30-Year:** -20.49542391

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000209592 | -0.73%               | 1.59%                | -0.19%               |
| Class ID C000209589 | -0.68%               | 1.64%                | -0.33%               |
| Class ID C000209593 | -0.77%               | 1.55%                | -0.41%               |
| Class ID C000209591 | -0.69%               | 1.64%                | -0.16%               |
| Class ID C000209594 | -0.53%               | 1.43%                | -0.17%               |
| Class ID C000209590 | -0.68%               | 1.64%                | -0.15%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-17930052.00            | $-6967844.21                               |
| Month 2  | $-3257922.95             | $36980739.43                               |
| Month 3  | $8507531.39              | $-23048443.71                              |

**Designated Index Information**

- **Index Name:** Bloomberg Barclays US Aggregate Bond Index

- **Index Identifier:** 100% BB-US Agg

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| American Electric Power Co., Inc.                                                   | American Electric Power Co., Inc.                                                    | CUSIP: 025537AY7<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    193000 | PA      | $197277.96    | 0.01%             | 2029-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Apollo Global Management, Inc.                                                      | Apollo Global Management, Inc.                                                       | CUSIP: 03769MAA4<br>LEI: 254900LMFT1CY9IYB476 | Long             | DBT              | CORP              | US        |    196000 | PA      | $213707.96    | 0.01%             | 2033-11-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NiSource Inc.                                                                       | NiSource Inc.                                                                        | CUSIP: 65473PAN5<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28576.36     | 0.00%             | 2028-03-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Eli Lilly and Co.                                                                   | Eli Lilly and Co.                                                                    | CUSIP: 532457CM8<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    162000 | PA      | $149651.30    | 0.00%             | 2054-02-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LPL Holdings, Inc.                                                                  | LPL Holdings, Inc.                                                                   | CUSIP: 50212YAM6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1722000 | PA      | $1728936.90   | 0.06%             | 2035-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                 | New Residential Mortgage Loan Trust, Series 2024-NQM3, Class A1                      | CUSIP: 647910AC2<br>LEI: 213800HBIGZVLLQA9I67 | Long             | ABS-MBS          | CORP              | US        |   1540033 | PA      | $1540262.36   | 0.05%             | 2064-11-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                                      | Blackstone Private Credit Fund                                                       | CUSIP: 09261HBW6<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99407.45     | 0.00%             | 2034-11-22      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Uber Technologies, Inc.                                                             | Uber Technologies, Inc.                                                              | CUSIP: 90353TAQ3<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    714000 | PA      | $667439.35    | 0.02%             | 2054-09-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp.                                                               | Lockheed Martin Corp.                                                                | CUSIP: 539830CE7<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91078.58     | 0.00%             | 2064-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31395NJD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |      7718 | PA      | $579.77       | 0.00%             | 2036-06-25      | Floating      | 2.12%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                                                           | Bank of Nova Scotia (The)                                                            | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    908000 | PA      | $966676.78    | 0.03%             | 2082-10-27      | Variable      | 8.62%                 | No            |                  2 | On Loan: No      |
| Truist Bank                                                                         | Truist Bank                                                                          | CUSIP: 89788KAA4<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    250000 | PA      | $224890.98    | 0.01%             | 2030-03-11      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61747YFD2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    154000 | PA      | $156505.97    | 0.01%             | 2029-04-20      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                                                           | OBX Trust, Series 2022-NQM8, Class A1                                                | CUSIP: 67117YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3797343 | PA      | $3786369.11   | 0.12%             | 2062-09-25      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392BJ98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |       816 | PA      | $81.57        | 0.00%             | 2032-03-25      | Floating      | 3.64%                 | No            |                  2 | On Loan: No      |
| Gulfstream Natural Gas System, L.L.C.                                               | Gulfstream Natural Gas System, L.L.C.                                                | CUSIP: 402740AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4096000 | PA      | $4121357.60   | 0.14%             | 2035-07-23      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                                                             | GA Global Funding Trust                                                              | CUSIP: 36143L2N4<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   1822000 | PA      | $1816107.12   | 0.06%             | 2027-09-23      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                        | UBS Group AG                                                                         | CUSIP: 225401BJ6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1381000 | PA      | $1402174.87   | 0.05%             | N/A             | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61747YFB6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28896.15     | 0.00%             | 2038-01-19      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Bills                                                                 | U.S. Treasury Bills                                                                  | CUSIP: 912797QN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    472000 | PA      | $457003.31    | 0.02%             | 2026-05-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mello Mortgage Capital Acceptance Trust                                             | Mello Mortgage Capital Acceptance Trust, Series 2021-INV2, Class A4                  | CUSIP: 58549XAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1934423 | PA      | $1716071.97   | 0.06%             | 2051-08-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 3133TDCL8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     13214 | PA      | $13335.84     | 0.00%             | 2028-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                            | HCA Inc.                                                                             | CUSIP: 404121AK1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    279000 | PA      | $280271.58    | 0.01%             | 2034-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PSEG Power LLC                                                                      | PSEG Power LLC                                                                       | CUSIP: 69362BBD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1697000 | PA      | $1734769.06   | 0.06%             | 2030-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Var Energi ASA                                                                      | Var Energi ASA                                                                       | CUSIP: 92212WAG5<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |   1876000 | PA      | $1945671.83   | 0.06%             | 2035-05-22      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Wabtec Corp.                                                                        | Wabtec Corp.                                                                         | CUSIP: 960386AS9<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |   2366000 | PA      | $2396750.41   | 0.08%             | 2030-05-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies CLO Ltd.                                           | Carlyle Global Market Strategies CLO Ltd., Series 2015-5A, Class A1R3                | CUSIP: 14312JBG6<br>LEI: 5493007AYUHLOG0AMH17 | Long             | ABS-CBDO         | CORP              | KY        |   1759720 | PA      | $1764205.94   | 0.06%             | 2032-01-20      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Kenvue Inc.                                                                         | Kenvue Inc.                                                                          | CUSIP: 49177JAH5<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |     90000 | PA      | $92245.21     | 0.00%             | 2030-03-22      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280EE5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    220000 | PA      | $229002.35    | 0.01%             | 2035-03-04      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                            | HCA Inc.                                                                             | CUSIP: 404119DC0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    414000 | PA      | $413416.70    | 0.01%             | 2055-03-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 31283HBX2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6507 | PA      | $6720.54      | 0.00%             | 2028-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                               | Foundry JV Holdco LLC                                                                | CUSIP: 350930AD5<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   1013000 | PA      | $1056318.16   | 0.03%             | 2035-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172DU0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1235000 | PA      | $1210336.31   | 0.04%             | 2035-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                    | CUSIP: 95000U3U5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2034000 | PA      | $2063607.68   | 0.07%             | 2029-04-23      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                                                         | BNP Paribas                                                                          | CUSIP: 05602XQQ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   2657000 | PA      | $2713461.25   | 0.09%             | N/A             | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                 | New Residential Mortgage Loan Trust, Series 2022-NQM2, Class A1                      | CUSIP: 64831MAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1993786 | PA      | $1869653.63   | 0.06%             | 2062-03-27      | Variable      | 3.08%                 | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                                                     | BAE Systems PLC                                                                      | CUSIP: 05523RAM9<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    682000 | PA      | $670980.54    | 0.02%             | 2054-03-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mello Mortgage Capital Acceptance Trust                                             | Mello Mortgage Capital Acceptance Trust, Series 2021-INV3, Class A4                  | CUSIP: 585491AF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1944433 | PA      | $1727616.85   | 0.06%             | 2051-10-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 91282CHT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1464287.12   | 0.05%             | 2033-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                                                 | Starwood Mortgage Residential Trust, Series 2020-1, Class A1                         | CUSIP: 85573AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     90584 | PA      | $86183.48     | 0.00%             | 2050-02-25      | Variable      | 2.27%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                                                  | Ellington Financial Mortgage Trust, Series 2022-1, Class A1                          | CUSIP: 31573CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2099565 | PA      | $1823753.09   | 0.06%             | 2067-01-25      | Variable      | 2.21%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC                                             | Mercedes-Benz Finance North America LLC                                              | CUSIP: 58769JAR8<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    838000 | PA      | $846006.48    | 0.03%             | 2029-01-11      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                        | Oracle Corp.                                                                         | CUSIP: 68389XCP8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     77000 | PA      | $76767.19     | 0.00%             | 2033-02-06      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Truist Bank                                                                         | Truist Bank                                                                          | CUSIP: 89788JAG4<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   7848000 | PA      | $7864605.27   | 0.26%             | 2028-07-24      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Banco Santander S.A.                                                                | Banco Santander S.A.                                                                 | CUSIP: 05964HBA2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   1000000 | PA      | $1014638.45   | 0.03%             | 2028-03-14      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Caterpillar Inc.                                                                    | Caterpillar Inc.                                                                     | CUSIP: 149123CG4<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |    500000 | PA      | $468839.03    | 0.02%             | 2029-09-19      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Mitsubishi Ufj Financial Group, Inc.                                                | Mitsubishi Ufj Financial Group, Inc.                                                 | CUSIP: 606822DC5<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    716000 | PA      | $738706.34    | 0.02%             | 2034-04-19      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                                                        | New York Life Global Funding                                                         | CUSIP: 64952WEZ2<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88490.37     | 0.00%             | 2033-01-28      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Cedar Funding XI Clo Ltd.                                                           | Cedar Funding XI Clo Ltd., Series 2019-11A, Class A1R2                               | CUSIP: 15033LAW2<br>LEI: 2549004YLPCISGLL7978 | Long             | ABS-CBDO         | CORP              | KY        |   4045862 | PA      | $4041209.74   | 0.13%             | 2032-05-29      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 3136B1BQ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     17229 | PA      | $89.50        | 0.00%             | 2044-12-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                                                        | Mizuho Financial Group, Inc.                                                         | CUSIP: 60687YDD8<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $409696.14    | 0.01%             | 2030-05-26      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association, TBA                                        | CUSIP: 21H030682<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    900000 | PA      | $786539.84    | 0.03%             | 2055-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                                      | Enterprise Fleet Financing LLC, Series 2024-2, Class A2                              | CUSIP: 29375RAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1251172 | PA      | $1256319.45   | 0.04%             | 2026-12-20      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Nasdaq, Inc.                                                                        | Nasdaq, Inc.                                                                         | CUSIP: 63111XAK7<br>LEI: 549300L8X1Q78ERXFD06 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19324.46     | 0.00%             | 2053-08-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                                    | CVS Health Corp.                                                                     | CUSIP: 126650BJ8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113351.19    | 0.00%             | 2027-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FAJF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    399273 | PA      | $56386.02     | 0.00%             | 2032-04-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Amphenol Corp.                                                                      | Amphenol Corp.                                                                       | CUSIP: 032095AR2<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    581000 | PA      | $583881.71    | 0.02%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WFRBS Commercial Mortgage Trust                                                     | WFRBS Commercial Mortgage Trust, Series 2013-C14, Class AS                           | CUSIP: 92890PAG9<br>LEI: 549300GADFYEKC4OLM57 | Long             | ABS-MBS          | CORP              | US        |    315290 | PA      | $307135.32    | 0.01%             | 2046-06-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                                                 | Bank of New York Mellon Corp. (The)                                                  | CUSIP: 06406RBW6<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     63000 | PA      | $63836.29     | 0.00%             | 2035-03-14      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| PPL Capital Funding, Inc.                                                           | PPL Capital Funding, Inc.                                                            | CUSIP: 69352PAT0<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |    171000 | PA      | $172529.94    | 0.01%             | 2034-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Northern Trust Corp.                                                                | Northern Trust Corp.                                                                 | CUSIP: 665859AX2<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |     26000 | PA      | $28047.16     | 0.00%             | 2032-11-02      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280EF2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    951000 | PA      | $967215.78    | 0.03%             | 2028-05-17      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| Prologis, L.P.                                                                      | Prologis, L.P.                                                                       | CUSIP: 74340XCJ8<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |    699000 | PA      | $698972.46    | 0.02%             | 2034-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Autodesk, Inc.                                                                      | Autodesk, Inc.                                                                       | CUSIP: 052769AJ5<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |   1145000 | PA      | $1160613.61   | 0.04%             | 2035-06-15      | Fixed         | 5.30%                 | 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        |    592000 | PA      | $587682.18    | 0.02%             | 2029-10-20      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                                           | RTX Corp.                                                                            | CUSIP: 75513ECU3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    162000 | PA      | $168991.31    | 0.01%             | 2029-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Qdoba Funding LLC                                                                   | Qdoba Funding LLC, Series 2023-1A, Class A2                                          | CUSIP: 746954AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5742608 | PA      | $5973872.64   | 0.20%             | 2053-09-14      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Oglethorpe Power Corp. (An Electric Membership Corp.)                               | Oglethorpe Power Corp. (An Electric Membership Corp.)                                | CUSIP: 677050AY2<br>LEI: 3EERXCUSWMS9GV5D9M98 | Long             | DBT              | CORP              | US        |    438000 | PA      | $431598.58    | 0.01%             | 2055-02-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 3137B26D7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    246338 | PA      | $5275.37      | 0.00%             | 2028-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61748UAF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1524000 | PA      | $1564737.50   | 0.05%             | 2036-01-18      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31394YF74<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |      3020 | PA      | $29.32        | 0.00%             | 2026-07-15      | Floating      | 3.20%                 | No            |                  2 | On Loan: No      |
| BlackRock Funding, Inc.                                                             | BlackRock Funding, Inc.                                                              | CUSIP: 09290DAJ0<br>LEI: 529900VBK42Y5HHRMD23 | Long             | DBT              | CORP              | US        |    233000 | PA      | $234687.84    | 0.01%             | 2035-01-08      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                                | CUSIP: 06051GKL2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    220000 | PA      | $201716.99    | 0.01%             | 2037-03-08      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                 | Fifth Third Bancorp                                                                  | CUSIP: 316773DG2<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |     63000 | PA      | $63273.02     | 0.00%             | 2030-07-28      | Variable      | 4.77%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                          | Occidental Petroleum Corp.                                                           | CUSIP: 674599EH4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    174000 | PA      | $175391.48    | 0.01%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PEW2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    983000 | PA      | $1008889.35   | 0.03%             | 2036-01-24      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Smith & Nephew PLC                                                                  | Smith & Nephew PLC                                                                   | CUSIP: 83192PAC2<br>LEI: 213800ZTMDN8S67S1H61 | Long             | DBT              | CORP              | GB        |    649000 | PA      | $655886.45    | 0.02%             | 2027-03-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                                        | Avolon Holdings Funding Ltd.                                                         | CUSIP: 05401AAW1<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1135000 | PA      | $1140529.81   | 0.04%             | 2028-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                                            | PNC Financial Services Group, Inc. (The)                                             | CUSIP: 693475BM6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110374.17    | 0.00%             | 2034-01-24      | Variable      | 5.07%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172DM8<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    965000 | PA      | $965971.75    | 0.03%             | 2027-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Veralto Corp.                                                                       | Veralto Corp.                                                                        | CUSIP: 92338CAD5<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |    165000 | PA      | $169281.59    | 0.01%             | 2028-09-18      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                                                                 | Kinder Morgan, Inc.                                                                  | CUSIP: 49456BAV3<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |     36000 | PA      | $35417.18     | 0.00%             | 2033-02-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| United Utilities PLC                                                                | United Utilities PLC                                                                 | CUSIP: 91311QAC9<br>LEI: 213800KYT12UFB2VE455 | Long             | DBT              | CORP              | GB        |    110000 | PA      | $117035.63    | 0.00%             | 2028-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                                                         | United Parcel Service, Inc.                                                          | CUSIP: 911312CD6<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    339000 | PA      | $346038.61    | 0.01%             | 2034-05-22      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| PepsiCo, Inc.                                                                       | PepsiCo, Inc.                                                                        | CUSIP: 713448GK8<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   5473000 | PA      | $5486802.58   | 0.18%             | 2035-07-23      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sonic Capital LLC                                                                   | Sonic Capital LLC, Series 2020-1A, Class A2I                                         | CUSIP: 83546DAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2995125 | PA      | $2930594.73   | 0.10%             | 2050-01-20      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| METRONET INFRASTRUCTURE ISSUER LLC MNET_25-1                                        | METRONET INFRASTRUCTURE ISSUER LLC MNET_25-1                                         | CUSIP: 59170JAR9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3750000 | PA      | $3716348.63   | 0.12%             | 2055-07-20      | Fixed         | 6.01%                 | No            |                  3 | On Loan: No      |
| Citadel Securities Global Holdings LLC                                              | Citadel Securities Global Holdings LLC                                               | CUSIP: 17289RAA4<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |   1249000 | PA      | $1260542.60   | 0.04%             | 2030-06-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FCQE9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     80048 | PA      | $10980.04     | 0.00%             | 2035-06-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co.                                                      | Hewlett Packard Enterprise Co.                                                       | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    778000 | PA      | $755009.66    | 0.02%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cummins Inc.                                                                        | Cummins Inc.                                                                         | CUSIP: 231021AZ9<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | DBT              | CORP              | US        |   4694000 | PA      | $4716832.32   | 0.16%             | 2031-02-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| AutoZone, Inc.                                                                      | AutoZone, Inc.                                                                       | CUSIP: 053332BE1<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    102000 | PA      | $102565.21    | 0.00%             | 2026-07-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Ovintiv Inc.                                                                        | Ovintiv Inc.                                                                         | CUSIP: 69047QAD4<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |    500000 | PA      | $519117.88    | 0.02%             | 2053-07-15      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                                                         | United Parcel Service, Inc.                                                          | CUSIP: 911312CE4<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    518000 | PA      | $497492.45    | 0.02%             | 2054-05-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc.                                                       | Thermo Fisher Scientific Inc.                                                        | CUSIP: 883556CX8<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    220000 | PA      | $224886.07    | 0.01%             | 2033-08-10      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Idaho Power Co.                                                                     | Idaho Power Co.                                                                      | CUSIP: 45138LBK8<br>LEI: TN0LL73P2C8X3W6KM391 | Long             | DBT              | CORP              | US        |    152000 | PA      | $154582.49    | 0.01%             | 2034-08-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                         | AbbVie Inc.                                                                          | CUSIP: 00287YDU0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    451000 | PA      | $456885.01    | 0.02%             | 2034-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 31393VKX8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     71704 | PA      | $70047.67     | 0.00%             | 2032-05-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association, TBA                                        | CUSIP: 21H042687<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  40037000 | PA      | $38002882.98  | 1.25%             | 2055-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61747YFM2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    400000 | PA      | $413157.50    | 0.01%             | 2039-02-07      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| Banc of America Funding Trust                                                       | Banc of America Funding Trust, Series 2007-1, Class 1A3                              | CUSIP: 05951FBD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    147350 | PA      | $126570.94    | 0.00%             | 2037-01-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 31283HB20<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      9761 | PA      | $10081.86     | 0.00%             | 2028-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences, Inc.                                                               | Gilead Sciences, Inc.                                                                | CUSIP: 375558CA9<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54051.18     | 0.00%             | 2053-10-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Deutsche Telekom International Finance B.V.                                         | Deutsche Telekom International Finance B.V.                                          | CUSIP: 25156PAD5<br>LEI: 529900ERDFHS6C1M4U58 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $124105.14    | 0.00%             | 2032-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Duke Energy Indiana, LLC                                                            | Duke Energy Indiana, LLC                                                             | CUSIP: 26443TAD8<br>LEI: 6URPHM2EAWGJ2C6ISB97 | Long             | DBT              | CORP              | US        |     52000 | PA      | $49473.65     | 0.00%             | 2053-04-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC                                             | Mercedes-Benz Finance North America LLC                                              | CUSIP: 58769JAS6<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    410000 | PA      | $407626.66    | 0.01%             | 2034-01-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                                                            | John Deere Capital Corp.                                                             | CUSIP: 24422EXP9<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    440000 | PA      | $447579.81    | 0.01%             | 2034-04-11      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                                                 | Bank of New York Mellon Corp. (The)                                                  | CUSIP: 06406RBV8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91909.67     | 0.00%             | 2030-03-14      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Transmission, LLC                                                       | FirstEnergy Transmission, LLC                                                        | CUSIP: 33767BAH2<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |    357000 | PA      | $353194.39    | 0.01%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Blue Owl Credit Income Corp.                                                        | Blue Owl Credit Income Corp.                                                         | CUSIP: 69120VAM3<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195154.79    | 0.01%             | 2026-09-23      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines, Inc.                                                               | Delta Air Lines, Inc.                                                                | CUSIP: 247361A32<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   2645000 | PA      | $2671711.56   | 0.09%             | 2030-07-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| J. M. Smucker Co. (The)                                                             | J. M. Smucker Co. (The)                                                              | CUSIP: 832696AX6<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |     86000 | PA      | $92000.66     | 0.00%             | 2033-11-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    832000 | PA      | $842421.87    | 0.03%             | 2029-04-12      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association, IO                                         | CUSIP: 38380HQY1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |   1793663 | PA      | $215813.16    | 0.01%             | 2047-10-16      | Floating      | 1.75%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing III L.P.                                                    | Hertz Vehicle Financing III L.P., Series 2021-2A, Class B                            | CUSIP: 42806MAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    705000 | PA      | $677872.73    | 0.02%             | 2027-12-27      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Intel Corp.                                                                         | Intel Corp.                                                                          | CUSIP: 458140CA6<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94108.43     | 0.00%             | 2032-08-05      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Golub Capital Private Credit Fund                                                   | Golub Capital Private Credit Fund                                                    | CUSIP: 38179RAB1<br>LEI: 254900B5KBW6OY1F9951 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200617.63    | 0.01%             | 2029-09-12      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Comcast Corp.                                                                       | Comcast Corp.                                                                        | CUSIP: 20030NEE7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297964.40    | 0.01%             | 2033-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| UDR, Inc.                                                                           | UDR, Inc.                                                                            | CUSIP: 90265EAW0<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              | CORP              | US        |    183000 | PA      | $182071.00    | 0.01%             | 2034-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280ED7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $205776.86    | 0.01%             | 2030-03-04      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Southern Co. (The)                                                                  | Southern Co. (The)                                                                   | CUSIP: 842587DM6<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     43000 | PA      | $43016.32     | 0.00%             | 2025-10-06      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp.                                               | International Business Machines Corp.                                                | CUSIP: 459200LJ8<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   1247000 | PA      | $1260167.38   | 0.04%             | 2035-02-10      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                               | Foundry JV Holdco LLC                                                                | CUSIP: 350930AA1<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    995000 | PA      | $1005653.71   | 0.03%             | 2034-01-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Amrize Finance US LLC                                                               | Amrize Finance US LLC                                                                | CUSIP: 43475RAC0<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |    772000 | PA      | $780018.43    | 0.03%             | 2030-04-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| HPEFS Equipment Trust                                                               | HPEFS Equipment Trust, Series 2023-2A, Class A2                                      | CUSIP: 44328UAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1529 | PA      | $1530.15      | 0.00%             | 2031-01-21      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                                                                | FREMF Mortgage Trust, Series 2017-K62, Class B                                       | CUSIP: 302949AQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1040000 | PA      | $1023791.29   | 0.03%             | 2050-01-25      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Boston Properties L.P.                                                              | Boston Properties L.P.                                                               | CUSIP: 10112RBD5<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |    150000 | PA      | $137686.94    | 0.00%             | 2031-01-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                            | HCA Inc.                                                                             | CUSIP: 404119CY3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    580000 | PA      | $586517.43    | 0.02%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass-Through Ctfs.                               | Freddie Mac Multifamily Structured Pass-Through Ctfs., Series K093, Class X1, IO     | CUSIP: 3137FMCT7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |  25518972 | PA      | $757165.77    | 0.02%             | 2029-05-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                                                         | United Parcel Service, Inc.                                                          | CUSIP: 911312CJ3<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |   1433000 | PA      | $1457162.03   | 0.05%             | 2035-05-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Berry Global, Inc.                                                                  | Berry Global, Inc.                                                                   | CUSIP: 08576PAQ4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103415.80    | 0.00%             | 2034-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Walmart Inc.                                                                        | Walmart Inc.                                                                         | CUSIP: 931142FE8<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    132000 | PA      | $114787.03    | 0.00%             | 2053-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| OBX 2021-NQM4 Trust                                                                 | OBX 2021-NQM4 Trust, Series 2021-NQM4, Class A1                                      | CUSIP: 67115DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3055167 | PA      | $2578181.81   | 0.08%             | 2061-10-25      | Variable      | 1.96%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                               | Foundry JV Holdco LLC                                                                | CUSIP: 350930AC7<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   1161000 | PA      | $1215560.16   | 0.04%             | 2032-01-25      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PET9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1531000 | PA      | $1534130.27   | 0.05%             | 2029-01-24      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.                                  | National Rural Utilities Cooperative Finance Corp.                                   | CUSIP: 63743HFP2<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    350000 | PA      | $357801.17    | 0.01%             | 2031-02-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                                | CUSIP: 06051GMB2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    842000 | PA      | $843876.68    | 0.03%             | 2035-08-15      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                             | UnitedHealth Group Inc.                                                              | CUSIP: 91324PFD9<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    440000 | PA      | $403704.95    | 0.01%             | 2064-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COLT Mortgage Loan Trust                                                            | COLT Mortgage Loan Trust, Series 2021-5, Class A1                                    | CUSIP: 12598RAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    951549 | PA      | $852175.83    | 0.03%             | 2066-11-26      | Variable      | 1.73%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                                | CUSIP: 06051GLG2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    137000 | PA      | $139573.56    | 0.00%             | 2029-04-25      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust, Series 2022-1, Class A1                                  | CUSIP: 92538WAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2023258 | PA      | $1883385.81   | 0.06%             | 2067-01-25      | Variable      | 2.72%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31359UT21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     26276 | PA      | $26592.77     | 0.00%             | 2028-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kimco Realty OP, LLC                                                                | Kimco Realty OP, LLC                                                                 | CUSIP: 49447BAC7<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              | CORP              | US        |   4148000 | PA      | $4157872.61   | 0.14%             | 2036-02-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Kenvue Inc.                                                                         | Kenvue Inc.                                                                          | CUSIP: 49177JAF9<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61290.40     | 0.00%             | 2028-03-22      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Amrize Finance US LLC                                                               | Amrize Finance US LLC                                                                | CUSIP: 43475RAD8<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |   1873000 | PA      | $1890832.91   | 0.06%             | 2035-04-07      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Oncor Electric Delivery Co. LLC                                                     | Oncor Electric Delivery Co. LLC                                                      | CUSIP: 68233JCW2<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |   1232000 | PA      | $1243663.75   | 0.04%             | 2029-11-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| McCormick & Co., Inc.                                                               | McCormick & Co., Inc.                                                                | CUSIP: 579780AU1<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |    936000 | PA      | $901848.80    | 0.03%             | 2034-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Prologis, L.P.                                                                      | Prologis, L.P.                                                                       | CUSIP: 74340XCH2<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |     69000 | PA      | $69787.64     | 0.00%             | 2034-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Santander Holdings USA, Inc.                                                        | Santander Holdings USA, Inc.                                                         | CUSIP: 80282KBK1<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111142.80    | 0.00%             | 2027-05-31      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                                                | American Express Co.                                                                 | CUSIP: 025816EE5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   4814000 | PA      | $4886205.52   | 0.16%             | 2029-04-25      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Phillips Edison Grocery Center Operating Partnership I, L.P.                        | Phillips Edison Grocery Center Operating Partnership I, L.P.                         | CUSIP: 71845JAD0<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |   2489000 | PA      | $2504407.58   | 0.08%             | 2032-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                               | Foundry JV Holdco LLC                                                                | CUSIP: 350930AJ2<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    916000 | PA      | $942555.55    | 0.03%             | 2037-01-25      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                                                 | Bank of New York Mellon Corp. (The)                                                  | CUSIP: 06406RBZ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    477000 | PA      | $486534.51    | 0.02%             | 2032-07-22      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61747YFE0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    181000 | PA      | $183991.23    | 0.01%             | 2034-04-21      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                                               | NextEra Energy Capital Holdings, Inc.                                                | CUSIP: 65339KDG2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    337000 | PA      | $340642.76    | 0.01%             | 2028-02-04      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| TierPoint Issuer LLC                                                                | TierPoint Issuer LLC, Series 2025-1A, Class A2                                       | CUSIP: 88651CAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6566000 | PA      | $6618633.71   | 0.22%             | 2055-04-26      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61747YFZ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2453000 | PA      | $2506354.91   | 0.08%             | 2031-04-17      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| A.P. Moller - Maersk A/S                                                            | A.P. Moller - Maersk A/S                                                             | CUSIP: 00203QAF4<br>LEI: 549300D2K6PKKKXVNN73 | Long             | DBT              | CORP              | DK        |     91000 | PA      | $96408.09     | 0.00%             | 2033-09-14      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EOG Resources, Inc.                                                                 | EOG Resources, Inc.                                                                  | CUSIP: 26875PAX9<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |   1709000 | PA      | $1714516.87   | 0.06%             | 2028-07-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Ferguson Enterprises Inc.                                                           | Ferguson Enterprises Inc.                                                            | CUSIP: 31488VAA5<br>LEI: 2138003JYQMRP3SLX189 | Long             | DBT              | CORP              | US        |    466000 | PA      | $460268.57    | 0.02%             | 2034-10-03      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bayview MSR Opportunity Master Fund Trust                                           | Bayview MSR Opportunity Master Fund Trust, Series 2021-4, Class A4                   | CUSIP: 07336GAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3151856 | PA      | $2539308.09   | 0.08%             | 2051-10-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280EN5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1459000 | PA      | $1490066.55   | 0.05%             | 2030-11-19      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| Sherwin-Williams Co. (The)                                                          | Sherwin-Williams Co. (The)                                                           | CUSIP: 824348BV7<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   3204000 | PA      | $3193941.71   | 0.11%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Siemens Funding B.V.                                                                | Siemens Funding B.V.                                                                 | CUSIP: 82622RAA4<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |   3891000 | PA      | $3906098.05   | 0.13%             | 2028-05-26      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| DLLST 2024-1 LLC                                                                    | DLLST 2024-1 LLC, Series 2024-1A, Class A3                                           | CUSIP: 23346HAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3230000 | PA      | $3239737.48   | 0.11%             | 2027-08-20      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CMS Energy Corp.                                                                    | CMS Energy Corp.                                                                     | CUSIP: 125896BU3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    110000 | PA      | $106112.74    | 0.00%             | 2050-06-01      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 3133TJPC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |      9082 | PA      | $345.82       | 0.00%             | 2029-03-15      | Floating      | 3.20%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding XXXIII Ltd.                                                    | Madison Park Funding XXXIII Ltd., Series 2019-33A, Class AR                          | CUSIP: 55819JAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3693009 | PA      | $3698297.65   | 0.12%             | 2032-10-15      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Eli Lilly and Co.                                                                   | Eli Lilly and Co.                                                                    | CUSIP: 532457CL0<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    281000 | PA      | $280031.53    | 0.01%             | 2034-02-09      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association, IO                                         | CUSIP: 38377VGZ3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |    871706 | PA      | $54847.01     | 0.00%             | 2041-04-16      | Floating      | 2.20%                 | No            |                  2 | On Loan: No      |
| MHPA Commercial Mortgage Trust                                                      | MHPA Commercial Mortgage Trust, Series 2021-STOR, Class A                            | CUSIP: 55293BAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1945000 | PA      | $1945416.62   | 0.06%             | 2038-07-15      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust, Series 2022-LBA6, Class A                                                  | CUSIP: 12433EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3670000 | PA      | $3675477.84   | 0.12%             | 2039-01-15      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172CV9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     66000 | PA      | $67064.08     | 0.00%             | 2027-11-17      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                                               | Alexandria Real Estate Equities, Inc.                                                | CUSIP: 015271BD0<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |    335000 | PA      | $314674.08    | 0.01%             | 2054-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Arthur J. Gallagher & Co.                                                           | Arthur J. Gallagher & Co.                                                            | CUSIP: 04316JAM1<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    276000 | PA      | $278436.02    | 0.01%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance (USA) PLC                                                         | Rio Tinto Finance (USA) PLC                                                          | CUSIP: 76720AAQ9<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    993000 | PA      | $996144.47    | 0.03%             | 2027-03-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STRIPS                                                                  | Freddie Mac STRIPS, IO                                                               | CUSIP: 31325UP42<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     90193 | PA      | $2302.67      | 0.00%             | 2027-12-15      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| Blackrock, Inc.                                                                     | Blackrock, Inc.                                                                      | CUSIP: 09247XAT8<br>LEI: 529900VBK42Y5HHRMD23 | Long             | DBT              | CORP              | US        |    133000 | PA      | $133438.86    | 0.00%             | 2033-05-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31403DCQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     77059 | PA      | $81020.31     | 0.00%             | 2034-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance, LLC                                            | Volkswagen Group of America Finance, LLC                                             | CUSIP: 928668CF7<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1134062.46   | 0.04%             | 2027-03-22      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Mars, Inc.                                                                          | Mars, Inc.                                                                           | CUSIP: 571676AZ8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    955000 | PA      | $964296.40    | 0.03%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia-Pacific LLC                                                                 | Georgia-Pacific LLC                                                                  | CUSIP: 37331NAR2<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |   1865000 | PA      | $1868907.81   | 0.06%             | 2028-06-30      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                  | T-Mobile USA, Inc.                                                                   | CUSIP: 87264ADD4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6069.34      | 0.00%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                              | Standard Chartered PLC                                                               | CUSIP: 853254CT5<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    788000 | PA      | $798533.88    | 0.03%             | 2027-07-06      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| Prologis, L.P.                                                                      | Prologis, L.P.                                                                       | CUSIP: 74340XCR0<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |   1609000 | PA      | $1629541.64   | 0.05%             | 2035-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Imperial Brands Finance PLC                                                         | Imperial Brands Finance PLC                                                          | CUSIP: 45262BAK9<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   2680000 | PA      | $2684037.53   | 0.09%             | 2035-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 91282CLZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1502900.39   | 0.05%             | 2031-11-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| WaMu Mortgage Pass-Through Ctfs. Trust                                              | WaMu Mortgage Pass-Through Ctfs. Trust, Series 2005-AR16, Class 1A1                  | CUSIP: 92922F6W3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    211152 | PA      | $194269.74    | 0.01%             | 2035-12-25      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac, Series 2022-DNA6, Class M1                                              | CUSIP: 35564KH36<br>LEI: 5493000IS30HKV5IAS29 | Long             | ABS-MBS          | USGSE             | US        |    310340 | PA      | $312811.38    | 0.01%             | 2042-09-25      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| LPL Holdings, Inc.                                                                  | LPL Holdings, Inc.                                                                   | CUSIP: 50212YAP9<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1298000 | PA      | $1313472.38   | 0.04%             | 2030-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Synchrony Card Funding, LLC                                                         | Synchrony Card Funding, LLC, Series 2024-A2, Class A                                 | CUSIP: 87166PAN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2805000 | PA      | $2837666.19   | 0.09%             | 2030-07-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392GNQ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    152880 | PA      | $14453.42     | 0.00%             | 2033-01-25      | Floating      | 3.74%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 91282CNL1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 189246200 | PA      | $188551310.66 | 6.21%             | 2027-06-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DTE Electric Co.                                                                    | DTE Electric Co.                                                                     | CUSIP: 23338VAZ9<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    532000 | PA      | $556590.82    | 0.02%             | 2055-05-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Realty Income Corp.                                                                 | Realty Income Corp.                                                                  | CUSIP: 756109BP8<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |     29000 | PA      | $30295.13     | 0.00%             | 2032-10-13      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 91282CLR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1511396.49   | 0.05%             | 2029-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Cadence Design Systems, Inc.                                                        | Cadence Design Systems, Inc.                                                         | CUSIP: 127387AP3<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | DBT              | CORP              | US        |    245000 | PA      | $241353.59    | 0.01%             | 2034-09-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Kroger Co. (The)                                                                    | Kroger Co. (The)                                                                     | CUSIP: 501044DV0<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    874000 | PA      | $865006.39    | 0.03%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 912828V98<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $14606542.95  | 0.48%             | 2027-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes Trust                                                         | Tricon American Homes Trust, Series 2020-SFR2, Class A                               | CUSIP: 89613JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3653926 | PA      | $3421059.90   | 0.11%             | 2039-11-17      | Fixed         | 1.48%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac, Series 2023-DNA1, Class M1                                              | CUSIP: 35564KP37<br>LEI: 5493000IRILHAKSCHN59 | Long             | ABS-MBS          | USGSE             | US        |    688933 | PA      | $700234.91    | 0.02%             | 2043-03-25      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp                                                                        | U.S. Bancorp                                                                         | CUSIP: 91159HJG6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108504.99    | 0.00%             | 2033-07-22      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Capital Trust                                                | Credit Suisse Mortgage Capital Trust, Series 2021-NQM1, Class A1                     | CUSIP: 126407AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    395469 | PA      | $356776.46    | 0.01%             | 2065-05-25      | Variable      | 0.81%                 | No            |                  2 | On Loan: No      |
| WaMu Mortgage Pass-Through Ctfs. Trust                                              | WaMu Mortgage Pass-Through Ctfs. Trust, Series 2005-AR14, Class 1A4                  | CUSIP: 92922F4D7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    229382 | PA      | $216324.45    | 0.01%             | 2035-12-25      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                                                          | Alibaba Group Holding Ltd.                                                           | CUSIP: 01609WAV4<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $327661.31    | 0.01%             | 2047-12-06      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                       | Enbridge Inc.                                                                        | CUSIP: 29250NCG8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $104357.00    | 0.00%             | 2055-03-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips Co.                                                                  | ConocoPhillips Co.                                                                   | CUSIP: 20826FBH8<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    459000 | PA      | $439349.21    | 0.01%             | 2063-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Banc of America Funding Trust                                                       | Banc of America Funding Trust, Series 2007-C, Class 1A4                              | CUSIP: 059522AW2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     44078 | PA      | $38352.18     | 0.00%             | 2036-05-20      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                             | Hyundai Capital America                                                              | CUSIP: 44891ACY1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    112000 | PA      | $114082.25    | 0.00%             | 2029-03-19      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STRIPS                                                                  | Freddie Mac STRIPS, PO                                                               | CUSIP: 31282XVL2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |       644 | PA      | $632.01       | 0.00%             | 2026-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                             | UnitedHealth Group Inc.                                                              | CUSIP: 91324PER9<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     71000 | PA      | $72703.12     | 0.00%             | 2033-02-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Campbell's Co. (The)                                                                | Campbell's Co. (The)                                                                 | CUSIP: 134429BP3<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    229000 | PA      | $231395.09    | 0.01%             | 2034-03-21      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Republic Services, Inc.                                                             | Republic Services, Inc.                                                              | CUSIP: 760759BB5<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    264000 | PA      | $269130.82    | 0.01%             | 2029-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United Airlines Pass-Through Trust                                                  | United Airlines Pass-Through Trust, Series AA                                        | CUSIP: 90932JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3784 | PA      | $3393.78      | 0.00%             | 2032-05-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Alabama Power Co.                                                                   | Alabama Power Co.                                                                    | CUSIP: 010392GB8<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |     71000 | PA      | $75375.10     | 0.00%             | 2033-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                    | CUSIP: 95000U2Z5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     24000 | PA      | $20496.96     | 0.00%             | 2053-04-25      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392GEE1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     77110 | PA      | $6701.77      | 0.00%             | 2032-08-25      | Floating      | 2.54%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392EVF4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     76938 | PA      | $1363.21      | 0.00%             | 2032-04-25      | Floating      | 1.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FCWD4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     89041 | PA      | $12485.98     | 0.00%             | 2035-08-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31395U5F4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    308823 | PA      | $23320.20     | 0.00%             | 2035-05-15      | Floating      | 2.27%                 | No            |                  2 | On Loan: No      |
| Apollo Global Management, Inc.                                                      | Apollo Global Management, Inc., Pfd.                                                 | CUSIP: 03769M205<br>LEI: 254900LMFT1CY9IYB476 | Long             | EP               | CORP              | US        |    215375 | NS      | $5735436.25   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp.                                                                        | Target Corp.                                                                         | CUSIP: 87612EBP0<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54623.45     | 0.00%             | 2032-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp                                                                        | U.S. Bancorp                                                                         | CUSIP: 91159HJM3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113909.46    | 0.00%             | 2029-06-12      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                               | Foundry JV Holdco LLC                                                                | CUSIP: 350930AK9<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    950000 | PA      | $979113.66    | 0.03%             | 2039-01-25      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Florida Gas Transmission Co., LLC                                                   | Florida Gas Transmission Co., LLC                                                    | CUSIP: 340711BC3<br>LEI: 549300Q0UQF87NXNOC32 | Long             | DBT              | CORP              | US        |   5351000 | PA      | $5462683.77   | 0.18%             | 2035-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                        | Barclays PLC                                                                         | CUSIP: 06738ECF0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $201640.80    | 0.01%             | 2027-05-09      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                                                        | Mizuho Financial Group, Inc.                                                         | CUSIP: 60687YAR0<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $397395.88    | 0.01%             | 2028-03-05      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc.                                                        | Honeywell International Inc.                                                         | CUSIP: 438516CU8<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    487000 | PA      | $458920.14    | 0.02%             | 2064-03-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Regency Centers, L.P.                                                               | Regency Centers, L.P.                                                                | CUSIP: 75884RBB8<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              | CORP              | US        |    227000 | PA      | $230557.41    | 0.01%             | 2034-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NiSource Inc.                                                                       | NiSource Inc.                                                                        | CUSIP: 65473PAU9<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    819000 | PA      | $809137.96    | 0.03%             | 2055-04-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Energy Transfer L.P.                                                                | Energy Transfer L.P.                                                                 | CUSIP: 29273VAR1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    504000 | PA      | $512853.53    | 0.02%             | 2026-12-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                                                            | Bristol-Myers Squibb Co.                                                             | CUSIP: 110122EB0<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |     69000 | PA      | $73493.16     | 0.00%             | 2053-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                             | Hyundai Capital America                                                              | CUSIP: 44891ACG0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    237000 | PA      | $239143.67    | 0.01%             | 2026-06-26      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    644000 | PA      | $652354.68    | 0.02%             | 2035-07-19      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                  | T-Mobile USA, Inc.                                                                   | CUSIP: 87264ADU6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    917000 | PA      | $915040.75    | 0.03%             | 2055-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Engie                                                                               | Engie                                                                                | CUSIP: 29286DAC9<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | DBT              | CORP              | FR        |    690000 | PA      | $692308.23    | 0.02%             | 2054-04-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                                        | Ford Credit Auto Owner Trust, Series 2024-A, Class A3                                | CUSIP: 34535EAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9250000 | PA      | $9328460.35   | 0.31%             | 2028-12-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust, Series 2022-3, Class A1                                  | CUSIP: 92538UAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2359485 | PA      | $2250996.86   | 0.07%             | 2067-02-25      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| United Airlines 2024-1 Class AA Pass Through Trust                                  | United Airlines 2024-1 Class AA Pass Through Trust, Series AA                        | CUSIP: 90932WAA1<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    664169 | PA      | $674706.69    | 0.02%             | 2037-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                                                         | Extended Stay America Trust, Series 2021-ESH, Class B                                | CUSIP: 30227FAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3490952 | PA      | $3496624.35   | 0.12%             | 2038-07-15      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| Empower CLO 2024-1 Ltd.                                                             | Empower CLO 2024-1 Ltd., Series 2024-1A, Class A1                                    | CUSIP: 29244RAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3895000 | PA      | $3908702.61   | 0.13%             | 2037-04-25      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| EFMT 2025-NQM2                                                                      | EFMT 2025-NQM2, Series 2025-NQM2, Class A1                                           | CUSIP: 281917AC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7819876 | PA      | $7828217.71   | 0.26%             | 2070-06-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| IP 2025-IP Mortgage Trust                                                           | IP 2025-IP Mortgage Trust, Series 2025-IP, Class A                                   | CUSIP: 449843AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11643000 | PA      | $11740831.47  | 0.39%             | 2042-06-10      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co., Series BB                                                         | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1586000 | PA      | $1572194.19   | 0.05%             | N/A             | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Air Products and Chemicals, Inc.                                                    | Air Products and Chemicals, Inc.                                                     | CUSIP: 009158BN5<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | DBT              | CORP              | US        |   6302000 | PA      | $6309058.11   | 0.21%             | 2028-06-11      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital Services, Inc.                                                      | Hyundai Capital Services, Inc.                                                       | CUSIP: 44920UAX6<br>LEI: 549300MALMDAGL2ZJJ27 | Long             | DBT              | CORP              | KR        |   2323000 | PA      | $2352937.10   | 0.08%             | 2028-01-22      | 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        |   2114000 | PA      | $2167060.28   | 0.07%             | 2036-01-24      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| Invesco Treasury Portfolio                                                          | Invesco Treasury Portfolio, Institutional Class                                      | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | STIV             | RF                | US        | 360322255 | NS      | $360322255.29 | 11.87%            |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp. (The)                                                                     | AES Corp. (The)                                                                      | CUSIP: 00130HCM5<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   3438000 | PA      | $3492810.45   | 0.12%             | 2032-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Banque Federative du Credit Mutuel                                                  | Banque Federative du Credit Mutuel                                                   | CUSIP: 06675DCR1<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |   7051000 | PA      | $7071145.76   | 0.23%             | 2028-10-16      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Alabama Power Co.                                                                   | Alabama Power Co.                                                                    | CUSIP: 010392GC6<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |    410000 | PA      | $412403.15    | 0.01%             | 2035-04-02      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Bayview MSR Opportunity Master Fund Trust                                           | Bayview MSR Opportunity Master Fund Trust, Series 2021-4, Class A8                   | CUSIP: 07336GAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2768809 | PA      | $2460493.90   | 0.08%             | 2051-10-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 31296XJA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     17456 | PA      | $18032.62     | 0.00%             | 2034-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| nVent Finance S.a.r.l.                                                              | nVent Finance S.a.r.l.                                                               | CUSIP: 67078AAF0<br>LEI: 549300KO1OQ4MVFB6X02 | Long             | DBT              | CORP              | LU        |     86000 | PA      | $87929.10     | 0.00%             | 2033-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                                  | State Street Corp.                                                                   | CUSIP: 857477CL5<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101168.32    | 0.00%             | 2027-03-18      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 313921N61<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     26407 | PA      | $2111.76      | 0.00%             | 2031-11-18      | Floating      | 3.39%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                                                        | BX Commercial Mortgage Trust, Series 2024-VLT5, Class A                              | CUSIP: 05614JAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3530000 | PA      | $3541787.02   | 0.12%             | 2046-11-13      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31393Y5U5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    114383 | PA      | $12499.59     | 0.00%             | 2033-10-25      | Floating      | 3.09%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                                                        | BX Commercial Mortgage Trust, Series 2024-VLT5, Class B                              | CUSIP: 05614JAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2495000 | PA      | $2531374.85   | 0.08%             | 2046-11-13      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Alcan Inc.                                                                | Rio Tinto Alcan Inc.                                                                 | CUSIP: 013716AU9<br>LEI: 2138007ZSQ7B17SKOX77 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $432612.06    | 0.01%             | 2033-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                                                       | Citigroup Mortgage Loan Trust, Series 2024-1, Class A3A                              | CUSIP: 17332CAS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4422442 | PA      | $4457198.47   | 0.15%             | 2054-07-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Public Service Enterprise Group Inc.                                                | Public Service Enterprise Group Inc.                                                 | CUSIP: 744573AW6<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    294000 | PA      | $306029.62    | 0.01%             | 2028-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Pacific Life Global Funding II                                                      | Pacific Life Global Funding II                                                       | CUSIP: 6944PL2V0<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   1154000 | PA      | $1162239.69   | 0.04%             | 2026-07-28      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 31364JF57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |      3499 | PA      | $360.24       | 0.00%             | 2029-11-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Cencora, Inc.                                                                       | Cencora, Inc.                                                                        | CUSIP: 03073EAU9<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |    129000 | PA      | $129637.21    | 0.00%             | 2034-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                       | CUSIP: 172967QB0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4007000 | PA      | $4052033.43   | 0.13%             | 2031-05-07      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Global Atlantic (Fin) Co.                                                           | Global Atlantic (Fin) Co.                                                            | CUSIP: 37959GAF4<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    492000 | PA      | $507263.37    | 0.02%             | 2054-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Burlington Northern Santa Fe, LLC                                                   | Burlington Northern Santa Fe, LLC                                                    | CUSIP: 12189LBM2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4400000 | PA      | $4477271.61   | 0.15%             | 2056-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Piedmont Natural Gas Co., Inc.                                                      | Piedmont Natural Gas Co., Inc.                                                       | CUSIP: 720186AQ8<br>LEI: VXB4M3BDPKF3I2AZ3G89 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76751.05     | 0.00%             | 2033-06-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Subway Funding LLC                                                                  | Subway Funding LLC, Series 2024-1A, Class A2I                                        | CUSIP: 864300AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4275690 | PA      | $4337788.41   | 0.14%             | 2054-07-30      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                         | AbbVie Inc.                                                                          | CUSIP: 00287YDR7<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1283000 | PA      | $1291792.26   | 0.04%             | 2027-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                      | CUSIP: 38141GGM0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    200000 | PA      | $213988.00    | 0.01%             | 2041-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Columbia Pipelines Holding Co. LLC                                                  | Columbia Pipelines Holding Co. LLC                                                   | CUSIP: 19828AAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    470000 | PA      | $472217.33    | 0.02%             | 2031-10-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Union Electric Co.                                                                  | Union Electric Co.                                                                   | CUSIP: 906548CZ3<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |    348000 | PA      | $318368.67    | 0.01%             | 2055-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Cos., Inc.                                                         | Marsh & McLennan Cos., Inc.                                                          | CUSIP: 571748BU5<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    132000 | PA      | $136484.72    | 0.00%             | 2033-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Western Midstream Operating, L.P.                                                   | Western Midstream Operating, L.P.                                                    | CUSIP: 958667AG2<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    373000 | PA      | $365891.96    | 0.01%             | 2034-11-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280EH8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    920000 | PA      | $950498.92    | 0.03%             | N/A             | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Campbell's Co. (The)                                                                | Campbell's Co. (The)                                                                 | CUSIP: 134429BR9<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    327000 | PA      | $295432.03    | 0.01%             | 2054-10-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southern Natural Gas Co., L.L.C.                                                    | Southern Natural Gas Co., L.L.C.                                                     | CUSIP: 84346LAD2<br>LEI: 254900KDLS1X42SY7037 | Long             | DBT              | CORP              | US        |   1171000 | PA      | $1173610.18   | 0.04%             | 2035-08-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                                      | Enterprise Fleet Financing LLC, Series 2024-2, Class A4                              | CUSIP: 29375RAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1133000 | PA      | $1166611.46   | 0.04%             | 2030-12-20      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FAKM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     54457 | PA      | $6178.11      | 0.00%             | 2032-04-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 40 Ltd.                                          | Neuberger Berman Loan Advisers CLO 40 Ltd., Series 2021-40A, Class A                 | CUSIP: 64134JAA1<br>LEI: 549300Y2YE54ON4DJE28 | Long             | ABS-CBDO         | CORP              | KY        |   3072483 | PA      | $3077878.15   | 0.10%             | 2033-04-16      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31339DF94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     60691 | PA      | $5224.89      | 0.00%             | 2032-01-15      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 21H052686<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  32097000 | PA      | $32020401.15  | 1.05%             | 2055-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                                | CUSIP: 06051GGF0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    400000 | PA      | $395818.09    | 0.01%             | 2028-01-20      | Variable      | 3.82%                 | No            |                  2 | On Loan: No      |
| Jersey Mike's Funding                                                               | Jersey Mike's Funding, Series 2025-1A, Class A2                                      | CUSIP: 476681AE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6950000 | PA      | $7011767.08   | 0.23%             | 2055-08-16      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, N.A.                                                           | Morgan Stanley Bank, N.A.                                                            | CUSIP: 61690U8G8<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   2241000 | PA      | $2238408.73   | 0.07%             | 2027-10-15      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR10                                                                    | BANK5 2024-5YR10, Series 2024-5YR10, Class A                                         | CUSIP: 06604AAM6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1705000 | PA      | $1736127.84   | 0.06%             | 2057-10-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Co.                                                     | Virginia Electric and Power Co.                                                      | CUSIP: 927804GK4<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |     62000 | PA      | $62497.51     | 0.00%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                        | UBS Group AG                                                                         | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    998000 | PA      | $1097830.94   | 0.04%             | N/A             | Variable      | 9.25%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                        | Oracle Corp.                                                                         | CUSIP: 68389XDC6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1199000 | PA      | $1178835.27   | 0.04%             | 2065-08-03      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Agl Clo 17 Ltd.                                                                     | Agl Clo 17 Ltd., Series 2022-17A, Class AR                                           | CUSIP: 00120DAJ5<br>LEI: 254900ISUA07JPVCOS18 | Long             | ABS-CBDO         | CORP              | KY        |   6576000 | PA      | $6580254.67   | 0.22%             | 2035-01-21      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                                                            | Bristol-Myers Squibb Co.                                                             | CUSIP: 110122EF1<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    122000 | PA      | $124383.64    | 0.00%             | 2029-02-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                                    | Deutsche Bank AG                                                                     | CUSIP: 251526CU1<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    150000 | PA      | $159690.77    | 0.01%             | 2029-11-20      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392F7G6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     18420 | PA      | $1688.05      | 0.00%             | 2032-12-18      | Floating      | 3.64%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust, Series 2021-1, Class A1B                                 | CUSIP: 92537QAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    530494 | PA      | $472046.24    | 0.02%             | 2066-01-25      | Variable      | 0.81%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance, LLC                                            | Volkswagen Group of America Finance, LLC                                             | CUSIP: 928668CK6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1045000 | PA      | $1045469.68   | 0.03%             | 2026-08-14      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Exelon Corp.                                                                        | Exelon Corp.                                                                         | CUSIP: 30161NBN0<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    183000 | PA      | $187637.67    | 0.01%             | 2034-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                                 | Synchrony Financial                                                                  | CUSIP: 87165BAX1<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    588000 | PA      | $587761.42    | 0.02%             | 2029-07-29      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                    | CUSIP: 95000U2Q5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    200000 | PA      | $150915.88    | 0.00%             | 2041-04-30      | Variable      | 3.07%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31394AHA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |      5592 | PA      | $292.07       | 0.00%             | 2030-11-25      | Floating      | 2.64%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392HRF2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     21712 | PA      | $2674.17      | 0.00%             | 2033-02-25      | Floating      | 3.79%                 | No            |                  2 | On Loan: No      |
| Regency Centers, L.P.                                                               | Regency Centers, L.P.                                                                | CUSIP: 75884RBC6<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              | CORP              | US        |    192000 | PA      | $192028.19    | 0.01%             | 2035-01-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Entergy Louisiana, LLC                                                              | Entergy Louisiana, LLC                                                               | CUSIP: 29364WBP2<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    309000 | PA      | $311098.63    | 0.01%             | 2034-09-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust, Series 2024-7, Class A1                                  | CUSIP: 924925AA8<br>LEI: 213800HQOHEFNJCQYJ07 | Long             | ABS-MBS          | CORP              | US        |   2504146 | PA      | $2487293.70   | 0.08%             | 2069-09-25      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| Simon Property Group, L.P.                                                          | Simon Property Group, L.P.                                                           | CUSIP: 828807DY0<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |   1298000 | PA      | $1264520.88   | 0.04%             | 2034-09-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust                                                   | Chase Home Lending Mortgage Trust, Series 2024-9, Class A6                           | CUSIP: 16160QAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    666678 | PA      | $665310.66    | 0.02%             | 2055-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust, Series 2020-3, Class A1                                    | CUSIP: 03465LAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    956848 | PA      | $903770.01    | 0.03%             | 2065-04-25      | Variable      | 1.69%                 | No            |                  2 | On Loan: No      |
| Walmart Inc.                                                                        | Walmart Inc.                                                                         | CUSIP: 931142FP3<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   2662000 | PA      | $2681300.88   | 0.09%             | 2035-04-28      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| COLT Mortgage Loan Trust                                                            | COLT Mortgage Loan Trust, Series 2022-3, Class A1                                    | CUSIP: 12659YAA2<br>LEI: 213800PIMH7Q7M27DB82 | Long             | ABS-MBS          | CORP              | US        |   2816003 | PA      | $2740166.77   | 0.09%             | 2067-02-25      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Goldentree Loan Management US CLO 1 Ltd.                                            | Goldentree Loan Management US CLO 1 Ltd., Series 2017-1A, Class A1R3                 | CUSIP: 38136FBU6<br>LEI: 549300BE2068MP2P8N06 | Long             | ABS-CBDO         | CORP              | KY        |   2434000 | PA      | $2432459.28   | 0.08%             | 2034-04-20      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| American National Group Inc.                                                        | American National Group Inc.                                                         | CUSIP: 025676AQ0<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |   4662000 | PA      | $4693035.31   | 0.15%             | 2035-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                                               | Athene Global Funding                                                                | CUSIP: 04685A3V1<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   1653000 | PA      | $1666936.08   | 0.05%             | 2026-05-08      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FAZ94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    143695 | PA      | $18775.90     | 0.00%             | 2033-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CNH Industrial Capital LLC                                                          | CNH Industrial Capital LLC                                                           | CUSIP: 12592BAU8<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    708000 | PA      | $711724.66    | 0.02%             | 2028-03-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Generation, LLC                                                | Constellation Energy Generation, LLC                                                 | CUSIP: 210385AD2<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |     72000 | PA      | $77478.71     | 0.00%             | 2034-01-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Intuit Inc.                                                                         | Intuit Inc.                                                                          | CUSIP: 46124HAG1<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | DBT              | CORP              | US        |    181000 | PA      | $186706.62    | 0.01%             | 2033-09-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31359KQT7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |        64 | PA      | $63.76        | 0.00%             | 2026-07-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Electricite de France                                                               | Electricite de France                                                                | CUSIP: 28504DAG8<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |   3666000 | PA      | $3711720.19   | 0.12%             | 2055-01-13      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                                                               | Dominion Energy, Inc.                                                                | CUSIP: 25746UDR7<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |     96000 | PA      | $98429.50     | 0.00%             | 2032-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UPMC                                                                                | UPMC                                                                                 | CUSIP: 90320WAH6<br>LEI: 5493001YCBUGKVU74S74 | Long             | DBT              | CORP              | US        |    121000 | PA      | $115470.34    | 0.00%             | 2043-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Prologis, L.P.                                                                      | Prologis, L.P.                                                                       | CUSIP: 74340XCG4<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |    105000 | PA      | $106675.87    | 0.00%             | 2028-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Connecticut Light and Power Co. (The)                                               | Connecticut Light and Power Co. (The)                                                | CUSIP: 207597EP6<br>LEI: 549300O45IUXEDS1VZ32 | Long             | DBT              | CORP              | US        |     35000 | PA      | $32716.96     | 0.00%             | 2053-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 31396AKM5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     56880 | PA      | $56514.48     | 0.00%             | 2035-09-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PDU7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    136000 | PA      | $139279.41    | 0.00%             | 2029-07-24      | Variable      | 5.30%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                | Glencore Funding LLC                                                                 | CUSIP: 378272BU1<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    225000 | PA      | $229552.90    | 0.01%             | 2034-04-04      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Capital Trust                                                | Credit Suisse Mortgage Capital Trust, Series 2022-ATH2, Class A1                     | CUSIP: 12665WAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2817895 | PA      | $2809007.46   | 0.09%             | 2067-05-25      | Variable      | 4.55%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                                    | Boeing Co. (The)                                                                     | CUSIP: 097023DP7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    362000 | PA      | $371397.92    | 0.01%             | 2027-05-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| McKesson Corp.                                                                      | McKesson Corp.                                                                       | CUSIP: 581557BU8<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |     49000 | PA      | $49898.37     | 0.00%             | 2033-07-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                | Glencore Funding LLC                                                                 | CUSIP: 378272CA4<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1427000 | PA      | $1452614.74   | 0.05%             | 2035-04-01      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                                                  | Uniform Mortgage-Backed Securities                                                   | CUSIP: 01F052680<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  30419009 | PA      | $30262716.13  | 1.00%             | 2055-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280EZ8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   4576000 | PA      | $4647841.37   | 0.15%             | 2031-05-13      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Transmission, LLC                                                       | FirstEnergy Transmission, LLC                                                        | CUSIP: 33767BAG4<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |    649000 | PA      | $648081.23    | 0.02%             | 2030-01-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                                                       | Citibank N.A.                                                                        | CUSIP: 17325FBJ6<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1205846.82   | 0.04%             | 2026-08-06      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Eli Lilly and Co.                                                                   | Eli Lilly and Co.                                                                    | CUSIP: 532457CN6<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    215000 | PA      | $197637.98    | 0.01%             | 2064-02-09      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Cox Communications, Inc.                                                            | Cox Communications, Inc.                                                             | CUSIP: 224044CS4<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |     43000 | PA      | $43303.65     | 0.00%             | 2033-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| HSBC USA Inc.                                                                       | HSBC USA Inc.                                                                        | CUSIP: 40428HR95<br>LEI: 549300LBOHZ4QSIWU288 | Long             | DBT              | CORP              | US        |   2721000 | PA      | $2734977.26   | 0.09%             | 2028-06-03      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                                           | Vistra Operations Co. LLC                                                            | CUSIP: 92840VAU6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    769000 | PA      | $783546.40    | 0.03%             | 2034-12-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| NXP BV / NXP Funding LLC / NXP USA Inc.                                             | NXP BV / NXP Funding LLC / NXP USA Inc.                                              | CUSIP: 62954HAJ7<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | NL        |    220000 | PA      | $192010.11    | 0.01%             | 2032-02-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| American National Global Funding                                                    | American National Global Funding                                                     | CUSIP: 02771D2A1<br>LEI: 63540033TQXTOXKK1L93 | Long             | DBT              | CORP              | US        |    559000 | PA      | $569195.10    | 0.02%             | 2030-01-28      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Baltimore Gas and Electric Co.                                                      | Baltimore Gas and Electric Co.                                                       | CUSIP: 059165ET3<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |   1208000 | PA      | $1239397.66   | 0.04%             | 2035-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 49 Ltd.                                          | Neuberger Berman Loan Advisers CLO 49 Ltd., Series 2022-49A, Class AR                | CUSIP: 64135JAL6<br>LEI: 549300IN02DS1MN5HW62 | Long             | ABS-CBDO         | CORP              | JE        |   5387000 | PA      | $5392026.07   | 0.18%             | 2035-07-25      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Mitsubishi Corp.                                                                    | Mitsubishi Corp.                                                                     | CUSIP: 606769AJ6<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | DBT              | CORP              | JP        |   1211000 | PA      | $1236063.99   | 0.04%             | 2029-07-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boston Properties L.P.                                                              | Boston Properties L.P.                                                               | CUSIP: 10112RBH6<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |    200000 | PA      | $214171.75    | 0.01%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                                                        | American Honda Finance Corp.                                                         | CUSIP: 02665WED9<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |     99000 | PA      | $99536.85     | 0.00%             | 2028-01-12      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Ameriprise Financial, Inc.                                                          | Ameriprise Financial, Inc.                                                           | CUSIP: 03076CAN6<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | DBT              | CORP              | US        |    267000 | PA      | $277966.35    | 0.01%             | 2028-12-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                                | Royal Bank of Canada                                                                 | CUSIP: 780082AR4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    994000 | PA      | $1036141.62   | 0.03%             | 2084-05-02      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| PACCAR Financial Corp.                                                              | PACCAR Financial Corp.                                                               | CUSIP: 69371RT89<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |   7410000 | PA      | $7422281.04   | 0.24%             | 2027-06-23      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Comcast Corp.                                                                       | Comcast Corp.                                                                        | CUSIP: 20030NEB3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52193.46     | 0.00%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Prologis, L.P.                                                                      | Prologis, L.P.                                                                       | CUSIP: 74340XBT7<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |     58000 | PA      | $57535.59     | 0.00%             | 2033-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 3133TKE22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     10961 | PA      | $11101.29     | 0.00%             | 2029-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.                                  | National Rural Utilities Cooperative Finance Corp.                                   | CUSIP: 637432PB5<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    835000 | PA      | $875648.64    | 0.03%             | 2053-09-15      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                                               | Athene Global Funding                                                                | CUSIP: 04685A3Q2<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    574000 | PA      | $590211.90    | 0.02%             | 2029-01-09      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 3132DWEG4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1697906 | PA      | $1456531.11   | 0.05%             | 2052-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Private Bank, N.A.                                                   | Morgan Stanley Private Bank, N.A.                                                    | CUSIP: 61776NVE0<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   3145000 | PA      | $3142633.99   | 0.10%             | 2028-07-06      | Variable      | 4.47%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                    | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56292.60     | 0.00%             | 2034-04-24      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| Lincoln Financial Global Funding                                                    | Lincoln Financial Global Funding                                                     | CUSIP: 53359KAB7<br>LEI: 984500OC010458395923 | Long             | DBT              | CORP              | US        |   2171000 | PA      | $2176641.13   | 0.07%             | 2028-05-28      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Solventum Corp.                                                                     | Solventum Corp.                                                                      | CUSIP: 83444MAP6<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    539000 | PA      | $554662.63    | 0.02%             | 2029-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| PepsiCo, Inc.                                                                       | PepsiCo, Inc.                                                                        | CUSIP: 713448GB8<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    925000 | PA      | $938542.42    | 0.03%             | 2030-02-07      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31394F4M4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    137887 | PA      | $11935.95     | 0.00%             | 2035-10-25      | Floating      | 1.64%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                    | CUSIP: 95000U2D4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    330000 | PA      | $327182.67    | 0.01%             | 2029-01-24      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Subway Funding LLC                                                                  | Subway Funding LLC, Series 2024-3A, Class A2I                                        | CUSIP: 864300AJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4049400 | PA      | $3996601.09   | 0.13%             | 2054-07-30      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                                                        | American Honda Finance Corp.                                                         | CUSIP: 02665WFL0<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111747.62    | 0.00%             | 2031-07-10      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Eni S.p.A.                                                                          | Eni S.p.A.                                                                           | CUSIP: 26874RAN8<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |   1003000 | PA      | $1012438.42   | 0.03%             | 2034-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bank of New Zealand                                                                 | Bank of New Zealand                                                                  | CUSIP: 064064AB4<br>LEI: N7LGVZM7X4UQ66T7LT74 | Long             | DBT              | CORP              | NZ        |    809000 | PA      | $825619.42    | 0.03%             | 2035-01-28      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| Kite Realty Group, L.P.                                                             | Kite Realty Group, L.P.                                                              | CUSIP: 49803XAE3<br>LEI: 549300X6R2GYI8Y3OD81 | Long             | DBT              | CORP              | US        |     59000 | PA      | $60164.62     | 0.00%             | 2034-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                                                        | American Honda Finance Corp.                                                         | CUSIP: 02665WFD8<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110750.50    | 0.00%             | 2027-03-12      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc.                                                               | Keurig Dr Pepper Inc.                                                                | CUSIP: 49271VAZ3<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   1218000 | PA      | $1216292.57   | 0.04%             | 2028-05-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                                | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    535000 | PA      | $547471.94    | 0.02%             | 2031-01-24      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| Cross 2024-H8 Mortgage Trust                                                        | Cross 2024-H8 Mortgage Trust, Series 2024-H8, Class A1                               | CUSIP: 22757GAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3702478 | PA      | $3708810.43   | 0.12%             | 2069-12-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank, Ltd.                                                    | Sumitomo Mitsui Trust Bank, Ltd.                                                     | CUSIP: 86563VBQ1<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   1295000 | PA      | $1326112.04   | 0.04%             | 2029-03-07      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                                                  | Uniform Mortgage-Backed Securities, TBA                                              | CUSIP: 01F020687<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        | 129185762 | PA      | $101094849.01 | 3.33%             | 2055-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                    | CUSIP: 95000U3K7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    190000 | PA      | $194784.58    | 0.01%             | 2035-01-23      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp.                                               | International Business Machines Corp.                                                | CUSIP: 459200LG4<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   2651000 | PA      | $2688863.70   | 0.09%             | 2030-02-10      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SG Residential Mortgage Trust                                                       | SG Residential Mortgage Trust, Series 2022-1, Class A1                               | CUSIP: 78433QAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3638629 | PA      | $3372231.33   | 0.11%             | 2062-03-27      | Variable      | 3.17%                 | No            |                  2 | On Loan: No      |
| Georgia-Pacific LLC                                                                 | Georgia-Pacific LLC                                                                  | CUSIP: 37331NAT8<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |   1446000 | PA      | $1456936.11   | 0.05%             | 2032-06-30      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31398LPG7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    162741 | PA      | $13761.74     | 0.00%             | 2039-12-15      | Floating      | 1.80%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                             | UnitedHealth Group Inc.                                                              | CUSIP: 91324PEN8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     53000 | PA      | $53061.72     | 0.00%             | 2025-10-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                      | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3349000 | PA      | $3425211.35   | 0.11%             | 2031-04-23      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                | Glencore Funding LLC                                                                 | CUSIP: 378272CB2<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    552000 | PA      | $560046.17    | 0.02%             | 2055-04-01      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| Citadel L.P.                                                                        | Citadel L.P.                                                                         | CUSIP: 17288XAC8<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |    354000 | PA      | $367565.84    | 0.01%             | 2032-01-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Bayview MSR Opportunity Master Fund Trust                                           | Bayview MSR Opportunity Master Fund Trust, Series 2021-5, Class A2                   | CUSIP: 07336JAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4008466 | PA      | $3235792.83   | 0.11%             | 2051-11-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance (USA) PLC                                                         | Rio Tinto Finance (USA) PLC                                                          | CUSIP: 76720AAV8<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   1020000 | PA      | $1021841.54   | 0.03%             | 2055-03-14      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                                                          | J.P. Morgan Mortgage Trust, Series 2024-8, Class A3                                  | CUSIP: 46658GAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1099739 | PA      | $1089524.75   | 0.04%             | 2055-01-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                                                           | Corebridge Global Funding                                                            | CUSIP: 00138CAW8<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   2262000 | PA      | $2277948.80   | 0.08%             | 2026-09-25      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust, Series 2020-1, Class A1                                    | CUSIP: 03464RAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    228733 | PA      | $222375.26    | 0.01%             | 2059-12-25      | Variable      | 2.16%                 | No            |                  2 | On Loan: No      |
| Public Storage Operating Co.                                                        | Public Storage Operating Co.                                                         | CUSIP: 74464AAA9<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |   2142000 | PA      | $2146551.71   | 0.07%             | 2027-04-16      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                                                        | Hilton Grand Vacations Trust, Series 2025-1A, Class A                                | CUSIP: 43283CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1243854 | PA      | $1250011.36   | 0.04%             | 2042-05-27      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PACCAR Financial Corp.                                                              | PACCAR Financial Corp.                                                               | CUSIP: 69371RS31<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59567.97     | 0.00%             | 2028-01-10      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392EP38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     10571 | PA      | $261.73       | 0.00%             | 2027-04-25      | Floating      | 3.69%                 | No            |                  2 | On Loan: No      |
| Duke Energy Carolinas, LLC                                                          | Duke Energy Carolinas, LLC                                                           | CUSIP: 26442CBK9<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |     55000 | PA      | $52443.72     | 0.00%             | 2053-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust, Series 2023-6, Class A1                                    | CUSIP: 03464UAA4<br>LEI: 254900QAUT3NUZVCSB04 | Long             | ABS-MBS          | CORP              | US        |   1207646 | PA      | $1214947.98   | 0.04%             | 2067-12-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Ziply Fiber Issuer LLC                                                              | Ziply Fiber Issuer LLC, Series 2024-1A, Class A2                                     | CUSIP: 98979QAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3920000 | PA      | $4011838.54   | 0.13%             | 2054-04-20      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| Engie                                                                               | Engie                                                                                | CUSIP: 29286DAB1<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | DBT              | CORP              | FR        |    700000 | PA      | $722057.00    | 0.02%             | 2034-04-10      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Mars, Inc.                                                                          | Mars, Inc.                                                                           | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1894000 | PA      | $1904127.20   | 0.06%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| AIA Group Ltd.                                                                      | AIA Group Ltd.                                                                       | CUSIP: 00131LAR6<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | DBT              | CORP              | HK        |   3641000 | PA      | $3614088.35   | 0.12%             | 2035-03-30      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC                                             | Daimler Truck Finance North America LLC                                              | CUSIP: 233853AP5<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    884000 | PA      | $886100.59    | 0.03%             | 2026-01-16      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd.                                                                 | Athene Holding Ltd.                                                                  | CUSIP: 04686JAL5<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |   2112000 | PA      | $2174434.29   | 0.07%             | 2055-05-19      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance (USA) PLC                                                         | Rio Tinto Finance (USA) PLC                                                          | CUSIP: 76720AAS5<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   1305000 | PA      | $1325273.68   | 0.04%             | 2030-03-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| B.A.T Capital Corp.                                                                 | B.A.T Capital Corp.                                                                  | CUSIP: 054989AC2<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    253000 | PA      | $278661.91    | 0.01%             | 2043-08-02      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                                     | CSAIL Commercial Mortgage Trust, Series 2020-C19, Class A3                           | CUSIP: 12597NAS2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10613000 | PA      | $9507690.01   | 0.31%             | 2053-03-15      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| Zaxby's Funding LLC                                                                 | Zaxby's Funding LLC, Series 2021-1A, Class A2                                        | CUSIP: 98920MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5620800 | PA      | $5240474.19   | 0.17%             | 2051-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| Cummins Inc.                                                                        | Cummins Inc.                                                                         | CUSIP: 231021BA3<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | DBT              | CORP              | US        |   1730000 | PA      | $1752326.31   | 0.06%             | 2035-05-09      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Brown-Forman Corp.                                                                  | Brown-Forman Corp.                                                                   | CUSIP: 115637AU4<br>LEI: 549300873K3LXF7ARU34 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29995.39     | 0.00%             | 2033-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Mitsubishi Ufj Financial Group, Inc.                                                | Mitsubishi Ufj Financial Group, Inc.                                                 | CUSIP: 606822DF8<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    818000 | PA      | $834860.87    | 0.03%             | 2035-04-17      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust, Series 2022-7, Class A1                                  | CUSIP: 92539NAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    991141 | PA      | $988060.09    | 0.03%             | 2067-07-25      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| Realty Income Corp.                                                                 | Realty Income Corp.                                                                  | CUSIP: 756109CQ5<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    132000 | PA      | $125832.51    | 0.00%             | 2054-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Capital Power (US Holdings) Inc.                                                    | Capital Power (US Holdings) Inc.                                                     | CUSIP: 14041TAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2296000 | PA      | $2363668.47   | 0.08%             | 2035-06-01      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC                                             | Mercedes-Benz Finance North America LLC                                              | CUSIP: 58769JAX5<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   1137000 | PA      | $1132824.91   | 0.04%             | 2034-08-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Obx 2024-Nqm18 Trust                                                                | Obx 2024-Nqm18 Trust, Series 2024-NQM18, Class A1                                    | CUSIP: 673913AA7<br>LEI: 254900NK9PNLY9I00149 | Long             | ABS-MBS          | CORP              | US        |   2029167 | PA      | $2023481.95   | 0.07%             | 2064-10-25      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                                                         | United Parcel Service, Inc.                                                          | CUSIP: 911312CK0<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |   1234000 | PA      | $1256548.89   | 0.04%             | 2055-05-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Howmet Aerospace Inc.                                                               | Howmet Aerospace Inc.                                                                | CUSIP: 443201AC2<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |    166000 | PA      | $168090.96    | 0.01%             | 2031-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| MidAmerican Energy Co.                                                              | MidAmerican Energy Co.                                                               | CUSIP: 595620AY1<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66467.80     | 0.00%             | 2054-09-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corp.                                                                      | M&T Bank Corp., Series J, Pfd.                                                       | CUSIP: 55261F864<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |    198205 | NS      | $5357481.15   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MidAmerican Energy Co.                                                              | MidAmerican Energy Co.                                                               | CUSIP: 595620AX3<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |     57000 | PA      | $58834.02     | 0.00%             | 2034-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust, Series 2022-INV2, Class A1                               | CUSIP: 924923AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1316525 | PA      | $1315205.01   | 0.04%             | 2067-10-25      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| South Bow USA Infrastructure Holdings LLC                                           | South Bow USA Infrastructure Holdings LLC                                            | CUSIP: 83007CAE2<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    589000 | PA      | $581773.94    | 0.02%             | 2034-10-01      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp.                                                               | Lockheed Martin Corp.                                                                | CUSIP: 539830CD9<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    376000 | PA      | $373904.88    | 0.01%             | 2034-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 91282CNM9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17189500 | PA      | $17184799.70  | 0.57%             | 2028-07-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Carrier Global Corp.                                                                | Carrier Global Corp.                                                                 | CUSIP: 14448CBC7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |     62000 | PA      | $65680.20     | 0.00%             | 2034-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust, Series 2022-LBA6, Class C                                                  | CUSIP: 12433EAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1215000 | PA      | $1215367.66   | 0.04%             | 2039-01-15      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| Columbia Pipelines Operating Co. LLC                                                | Columbia Pipelines Operating Co. LLC                                                 | CUSIP: 19828TAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    733000 | PA      | $673802.47    | 0.02%             | 2054-10-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                             | UnitedHealth Group Inc.                                                              | CUSIP: 91324PEV0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19385.24     | 0.00%             | 2033-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                                                            | Bristol-Myers Squibb Co.                                                             | CUSIP: 110122DY1<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    259000 | PA      | $274851.82    | 0.01%             | 2031-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Co.                                                      | Southern California Edison Co.                                                       | CUSIP: 842400HM8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    110000 | PA      | $95410.58     | 0.00%             | 2032-02-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Roper Technologies, Inc.                                                            | Roper Technologies, Inc.                                                             | CUSIP: 776696AJ5<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    480000 | PA      | $471551.10    | 0.02%             | 2034-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp.                                                               | Lockheed Martin Corp.                                                                | CUSIP: 539830CL1<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |   1894000 | PA      | $1888395.26   | 0.06%             | 2030-08-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Symetra Life Insurance Co.                                                          | Symetra Life Insurance Co.                                                           | CUSIP: 87151KAA7<br>LEI: 2CKADF5K7JYB5EG0VY36 | Long             | DBT              | CORP              | US        |   1161000 | PA      | $1186538.56   | 0.04%             | 2055-10-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Phillips 66 Co.                                                                     | Phillips 66 Co.                                                                      | CUSIP: 718547AR3<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |    285000 | PA      | $288213.42    | 0.01%             | 2033-06-30      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                    | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3330000 | PA      | $3398884.05   | 0.11%             | 2031-04-23      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 91282CKZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7500000 | PA      | $7559765.63   | 0.25%             | 2027-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                                | Royal Bank of Canada                                                                 | CUSIP: 78016FZX5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     66000 | PA      | $67121.41     | 0.00%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAG Mutual Holding Co.                                                              | MAG Mutual Holding Co.                                                               | CUSIP: 55261HAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9203000 | PA      | $8310309.00   | 0.27%             | 2041-04-30      | Fixed         | 4.75%                 | No            |                  3 | On Loan: No      |
| Duke Energy Indiana, LLC                                                            | Duke Energy Indiana, LLC                                                             | CUSIP: 26443TAF3<br>LEI: 6URPHM2EAWGJ2C6ISB97 | Long             | DBT              | CORP              | US        |    620000 | PA      | $635159.37    | 0.02%             | 2055-05-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| PepsiCo, Inc.                                                                       | PepsiCo, Inc.                                                                        | CUSIP: 713448GH5<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   2310000 | PA      | $2300235.08   | 0.08%             | 2030-07-23      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| WarnerMedia Holdings, Inc.                                                          | WarnerMedia Holdings, Inc.                                                           | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    428000 | PA      | $359676.22    | 0.01%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp.                                               | International Business Machines Corp.                                                | CUSIP: 459200LF6<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   1960000 | PA      | $1975774.71   | 0.07%             | 2028-02-10      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| CD Mortgage Trust                                                                   | CD Mortgage Trust, Series 2017-CD6, Class XA                                         | CUSIP: 125039AG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8738437 | PA      | $122724.36    | 0.00%             | 2050-11-13      | Variable      | 0.89%                 | No            |                  2 | On Loan: No      |
| Synopsys, Inc.                                                                      | Synopsys, Inc.                                                                       | CUSIP: 871607AG2<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    323000 | PA      | $318757.34    | 0.01%             | 2055-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392EGP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     43087 | PA      | $4002.27      | 0.00%             | 2032-09-25      | Floating      | 3.54%                 | No            |                  2 | On Loan: No      |
| Engie                                                                               | Engie                                                                                | CUSIP: 29286DAA3<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | DBT              | CORP              | FR        |   1187000 | PA      | $1213643.38   | 0.04%             | 2029-04-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hexcel Corp.                                                                        | Hexcel Corp.                                                                         | CUSIP: 428291AP3<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |    135000 | PA      | $138043.51    | 0.00%             | 2035-02-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Arthur J. Gallagher & Co.                                                           | Arthur J. Gallagher & Co.                                                            | CUSIP: 04316JAN9<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    351000 | PA      | $349152.50    | 0.01%             | 2035-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Nordson Corp.                                                                       | Nordson Corp.                                                                        | CUSIP: 655663AA0<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66831.18     | 0.00%             | 2028-09-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                             | UnitedHealth Group Inc.                                                              | CUSIP: 91324PEQ1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     69000 | PA      | $71010.01     | 0.00%             | 2030-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                                    | CVS Health Corp.                                                                     | CUSIP: 126650DH0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    220000 | PA      | $216953.48    | 0.01%             | 2027-04-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Mitsubishi Ufj Financial Group, Inc.                                                | Mitsubishi Ufj Financial Group, Inc.                                                 | CUSIP: 606822DH4<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   1269000 | PA      | $1306715.54   | 0.04%             | 2036-01-16      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Clover CLO 2021-3 LLC                                                               | Clover CLO 2021-3 LLC, Series 2021-3A, Class AR                                      | CUSIP: 18915FAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5674000 | PA      | $5677977.47   | 0.19%             | 2035-01-25      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 3137ARKB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    593186 | PA      | $10733.58     | 0.00%             | 2027-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                    | CUSIP: 95000U3F8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    211000 | PA      | $217817.96    | 0.01%             | 2034-07-25      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM14 Trust                                                                | OBX 2024-NQM14 Trust, Series 2024-NQM14, Class A1                                    | CUSIP: 67119XAC8<br>LEI: 254900C7ZCEHM7Y5MX79 | Long             | ABS-MBS          | CORP              | US        |   3127639 | PA      | $3104331.58   | 0.10%             | 2064-09-25      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| Nationwide Building Society                                                         | Nationwide Building Society                                                          | CUSIP: 63861VAJ6<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    831000 | PA      | $848958.18    | 0.03%             | 2027-10-18      | Variable      | 6.56%                 | No            |                  2 | On Loan: No      |
| VDCM Commercial Mortgage Trust 2025-AZ                                              | VDCM Commercial Mortgage Trust 2025-AZ, Series 2025-AZ, Class A                      | CUSIP: 91825CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4680000 | PA      | $4674455.14   | 0.15%             | 2044-07-13      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31397L5D7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     66721 | PA      | $2292.12      | 0.00%             | 2038-07-25      | Floating      | 1.59%                 | No            |                  2 | On Loan: No      |
| Southern California Gas Co.                                                         | Southern California Gas Co.                                                          | CUSIP: 842434CY6<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196654.71    | 0.01%             | 2053-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                                           | Vistra Operations Co. LLC                                                            | CUSIP: 92840VAS1<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    218000 | PA      | $226454.26    | 0.01%             | 2034-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TELUS Corp.                                                                         | TELUS Corp.                                                                          | CUSIP: 87971MCM3<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | DBT              | CORP              | CA        |   2953000 | PA      | $2997049.90   | 0.10%             | 2055-10-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Smith & Nephew PLC                                                                  | Smith & Nephew PLC                                                                   | CUSIP: 83192PAD0<br>LEI: 213800ZTMDN8S67S1H61 | Long             | DBT              | CORP              | GB        |    438000 | PA      | $444671.70    | 0.01%             | 2034-03-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance, LLC                                            | Volkswagen Group of America Finance, LLC                                             | CUSIP: 928668CG5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1098000 | PA      | $1110243.02   | 0.04%             | 2029-03-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AGCO Corp.                                                                          | AGCO Corp.                                                                           | CUSIP: 001084AR3<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | DBT              | CORP              | US        |    241000 | PA      | $242963.35    | 0.01%             | 2027-03-21      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                              | Standard Chartered PLC                                                               | CUSIP: 853254CX6<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    785000 | PA      | $844962.44    | 0.03%             | 2030-02-08      | Variable      | 7.02%                 | No            |                  2 | On Loan: No      |
| AEP Texas Inc.                                                                      | AEP Texas Inc.                                                                       | CUSIP: 00108WAG5<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |   2489000 | PA      | $2451865.17   | 0.08%             | 2028-06-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| MHPA Commercial Mortgage Trust                                                      | MHPA Commercial Mortgage Trust, Series 2021-STOR, Class B                            | CUSIP: 55293BAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1460000 | PA      | $1460371.72   | 0.05%             | 2038-07-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| AstraZeneca Finance LLC                                                             | AstraZeneca Finance LLC                                                              | CUSIP: 04636NAM5<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    321000 | PA      | $329140.38    | 0.01%             | 2031-02-26      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Campbell's Co. (The)                                                                | Campbell's Co. (The)                                                                 | CUSIP: 134429BL2<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    154000 | PA      | $154643.70    | 0.01%             | 2026-03-20      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                                                 | Starwood Mortgage Residential Trust, Series 2022-1, Class A1                         | CUSIP: 85573TAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2614595 | PA      | $2357632.12   | 0.08%             | 2066-12-25      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                          | Occidental Petroleum Corp.                                                           | CUSIP: 674599CF0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     83000 | PA      | $63078.57     | 0.00%             | 2045-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 3136AXQT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    376166 | PA      | $76438.27     | 0.00%             | 2047-08-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Zayo Issuer, LLC                                                                    | Zayo Issuer, LLC, Series 2025-2A, Class A2                                           | CUSIP: 98919WAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6672000 | PA      | $6822661.77   | 0.22%             | 2055-06-20      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance (USA) PLC                                                         | Rio Tinto Finance (USA) PLC                                                          | CUSIP: 76720AAW6<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $503453.63    | 0.02%             | 2065-03-14      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                                | CUSIP: 06051GMN6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    976000 | PA      | $977763.66    | 0.03%             | 2029-01-24      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                            | HCA Inc.                                                                             | CUSIP: 404119CT4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113097.09    | 0.00%             | 2031-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 3140XMMR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12548460 | PA      | $12564720.98  | 0.41%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Blue Owl Technology Finance Corp.                                                   | Blue Owl Technology Finance Corp.                                                    | CUSIP: 691205AG3<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |    300000 | PA      | $288393.29    | 0.01%             | 2027-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31392JY29<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |      8082 | PA      | $8031.64      | 0.00%             | 2033-03-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust                                                                 | RCKT Mortgage Trust, Series 2025-CES6, Class A1A                                     | CUSIP: 748949AA2<br>LEI: 2549002LEW4WNQBOMB89 | Long             | ABS-MBS          | CORP              | US        |   2091259 | PA      | $2098392.09   | 0.07%             | 2055-06-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC                                             | Daimler Truck Finance North America LLC                                              | CUSIP: 233853AQ3<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    788000 | PA      | $798581.71    | 0.03%             | 2028-01-19      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                        | Oracle Corp.                                                                         | CUSIP: 68389XCJ2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     49000 | PA      | $52761.44     | 0.00%             | 2032-11-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                       | Enbridge Inc., Series NC5                                                            | CUSIP: 29250NBS3<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     33000 | PA      | $35169.35     | 0.00%             | 2084-01-15      | Variable      | 8.25%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172DF3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    785000 | PA      | $789580.53    | 0.03%             | 2027-02-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                                                 | Bank of New York Mellon Corp. (The)                                                  | CUSIP: 06406RBX4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    805000 | PA      | $814160.41    | 0.03%             | 2028-07-21      | Variable      | 4.89%                 | No            |                  2 | On Loan: No      |
| Intel Corp.                                                                         | Intel Corp.                                                                          | CUSIP: 458140BU3<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    300000 | PA      | $255328.21    | 0.01%             | 2031-08-12      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Omnicom Group Inc.                                                                  | Omnicom Group Inc.                                                                   | CUSIP: 681919BB1<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | DBT              | CORP              | US        |    100000 | PA      | $90553.31     | 0.00%             | 2030-04-30      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 15 Ltd.                                                                 | Elmwood CLO 15 Ltd., Series 2022-2A, Class A1R                                       | CUSIP: 29003JAN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   6380000 | PA      | $6382941.18   | 0.21%             | 2035-04-22      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| CenterPoint Energy Houston Electric, LLC                                            | CenterPoint Energy Houston Electric, LLC                                             | CUSIP: 15189XBF4<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    355000 | PA      | $353332.88    | 0.01%             | 2035-03-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392JDW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    196730 | PA      | $20473.52     | 0.00%             | 2033-03-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Visio Trust                                                                         | Visio Trust, Series 2020-1R, Class A1                                                | CUSIP: 92837MAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    353035 | PA      | $338038.46    | 0.01%             | 2055-11-25      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| AGL CLO 29 Ltd.                                                                     | AGL CLO 29 Ltd., Series 2024-29A, Class A1                                           | CUSIP: 00119BAA1<br>LEI: 254900MM5EQZ35CZG002 | Long             | ABS-CBDO         | CORP              | JE        |   9655000 | PA      | $9704568.77   | 0.32%             | 2037-04-21      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Exelon Corp.                                                                        | Exelon Corp.                                                                         | CUSIP: 30161NBM2<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    218000 | PA      | $223026.66    | 0.01%             | 2029-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential Trust, Series 2022-SFR5, Class A                                | CUSIP: 74332YAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3062949 | PA      | $3052084.81   | 0.10%             | 2039-06-17      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31410GVK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    201530 | PA      | $206145.35    | 0.01%             | 2036-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                                                      | ING Groep N.V.                                                                       | CUSIP: 456837BL6<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    991000 | PA      | $1015794.31   | 0.03%             | 2030-03-19      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association, TBA                                        | CUSIP: 21H062685<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    150000 | PA      | $154007.13    | 0.01%             | 2025-08-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Keysight Technologies, Inc.                                                         | Keysight Technologies, Inc.                                                          | CUSIP: 49338LAH6<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |   1565000 | PA      | $1610121.97   | 0.05%             | 2030-07-30      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Phillips Edison Grocery Center Operating Partnership I, L.P.                        | Phillips Edison Grocery Center Operating Partnership I, L.P.                         | CUSIP: 71845JAC2<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |    414000 | PA      | $401710.13    | 0.01%             | 2035-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Prologis, L.P.                                                                      | Prologis, L.P.                                                                       | CUSIP: 74340XCQ2<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |   2760000 | PA      | $2784571.78   | 0.09%             | 2031-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Canadian Pacific Railway Co.                                                        | Canadian Pacific Railway Co.                                                         | CUSIP: 13645RAX2<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    220000 | PA      | $223649.61    | 0.01%             | 2115-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC                                             | Mercedes-Benz Finance North America LLC                                              | CUSIP: 58769JAQ0<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1235607.79   | 0.04%             | 2027-01-11      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Ameriprise Financial, Inc.                                                          | Ameriprise Financial, Inc.                                                           | CUSIP: 03076CAP1<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | DBT              | CORP              | US        |   1652000 | PA      | $1656712.45   | 0.05%             | 2035-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive, Inc.                                                           | O'Reilly Automotive, Inc.                                                            | CUSIP: 67103HAN7<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    682000 | PA      | $676177.35    | 0.02%             | 2034-08-19      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Meta Platforms, Inc.                                                                | Meta Platforms, Inc.                                                                 | CUSIP: 30303M8T2<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    343000 | PA      | $346290.20    | 0.01%             | 2031-08-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| BMO 2024-5C5 Mortgage Trust                                                         | BMO 2024-5C5 Mortgage Trust, Series 2024-5C5, Class AS                               | CUSIP: 05593RAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1457009.40   | 0.05%             | 2057-02-15      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| Eli Lilly and Co.                                                                   | Eli Lilly and Co.                                                                    | CUSIP: 532457CQ9<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    220000 | PA      | $220006.89    | 0.01%             | 2029-08-14      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BlackRock Funding, Inc.                                                             | BlackRock Funding, Inc.                                                              | CUSIP: 09290DAA9<br>LEI: 529900VBK42Y5HHRMD23 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111874.15    | 0.00%             | 2029-03-14      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Meta Platforms, Inc.                                                                | Meta Platforms, Inc.                                                                 | CUSIP: 30303M8V7<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    410000 | PA      | $396482.56    | 0.01%             | 2054-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GXO Logistics, Inc.                                                                 | GXO Logistics, Inc.                                                                  | CUSIP: 36262GAG6<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    486000 | PA      | $510278.36    | 0.02%             | 2034-05-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31394EC97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     19793 | PA      | $19640.67     | 0.00%             | 2035-08-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                                          | JPMBB Commercial Mortgage Securities Trust, Series 2015-C27, Class XA                | CUSIP: 46644ABH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4347724 | PA      | $43.48        | 0.00%             | 2048-02-15      | Variable      | 0.72%                 | No            |                  2 | On Loan: No      |
| Merck & Co., Inc.                                                                   | Merck & Co., Inc.                                                                    | CUSIP: 58933YBN4<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |     66000 | PA      | $60138.63     | 0.00%             | 2063-05-17      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46625HNJ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110086.52    | 0.00%             | 2027-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WaMu Mortgage Pass-Through Ctfs. Trust                                              | WaMu Mortgage Pass-Through Ctfs. Trust, Series 2003-AR10, Class A7                   | CUSIP: 92922FEB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    132203 | PA      | $127406.21    | 0.00%             | 2033-10-25      | Variable      | 6.49%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc.                                                                       | Broadcom Inc.                                                                        | CUSIP: 11135FCM1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   3445000 | PA      | $3462609.91   | 0.11%             | 2035-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc.                                                                       | Broadcom Inc.                                                                        | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    623000 | PA      | $636004.05    | 0.02%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| British Telecommunications PLC                                                      | British Telecommunications PLC                                                       | CUSIP: 111021AE1<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $244515.66    | 0.01%             | 2030-12-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Symphony CLO XXI Ltd.                                                               | Symphony CLO XXI Ltd., Series 2019-21A, Class AR2                                    | CUSIP: 87166RGE1<br>LEI: 5493005CJY0RF4FJJP54 | Long             | ABS-CBDO         | CORP              | KY        |   6318752 | PA      | $6321343.08   | 0.21%             | 2032-07-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31403C5V9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    122844 | PA      | $125765.38    | 0.00%             | 2033-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Capital Trust                                                | Credit Suisse Mortgage Capital Trust, Series 2022-ATH1, Class A1A                    | CUSIP: 12660BAM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2452688 | PA      | $2362865.16   | 0.08%             | 2067-01-25      | Variable      | 2.87%                 | No            |                  2 | On Loan: No      |
| Australia and New Zealand Banking Group Ltd.                                        | Australia and New Zealand Banking Group Ltd.                                         | CUSIP: 052528AT3<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   2491000 | PA      | $2448824.98   | 0.08%             | 2035-09-30      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 31339WBV7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     85767 | PA      | $89073.74     | 0.00%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| USAA Capital Corp.                                                                  | USAA Capital Corp.                                                                   | CUSIP: 90327QDA4<br>LEI: 5493007XLF4LU3U2W757 | Long             | DBT              | CORP              | US        |   3852000 | PA      | $3862329.95   | 0.13%             | 2028-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392DVZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     26530 | PA      | $2939.80      | 0.00%             | 2032-04-25      | Floating      | 3.54%                 | No            |                  2 | On Loan: No      |
| Golub Capital Private Credit Fund                                                   | Golub Capital Private Credit Fund                                                    | CUSIP: 38179RAE5<br>LEI: 254900B5KBW6OY1F9951 | Long             | DBT              | CORP              | US        |   1326000 | PA      | $1321346.03   | 0.04%             | 2028-08-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| NiSource Inc.                                                                       | NiSource Inc.                                                                        | CUSIP: 65473PAP0<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15320.92     | 0.00%             | 2033-06-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Northern States Power Co.                                                           | Northern States Power Co.                                                            | CUSIP: 665772DA4<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |   1293000 | PA      | $1296002.29   | 0.04%             | 2055-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                                    | Bank of Montreal                                                                     | CUSIP: 06368LNT9<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |     64000 | PA      | $64438.32     | 0.00%             | 2026-06-05      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Fiserv, Inc.                                                                        | Fiserv, Inc.                                                                         | CUSIP: 337738BL1<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    475000 | PA      | $482415.07    | 0.02%             | 2034-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 38 Ltd.                                          | Neuberger Berman Loan Advisers CLO 38 Ltd., Series 2020-38A, Class AR2               | CUSIP: 64133RAU0<br>LEI: 549300SM4FYZ8US63U33 | Long             | ABS-CBDO         | CORP              | KY        |   4815000 | PA      | $4817349.72   | 0.16%             | 2036-10-20      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                             | Hyundai Capital America                                                              | CUSIP: 44891ADM6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1149000 | PA      | $1173296.19   | 0.04%             | 2030-01-08      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CenterPoint Energy Houston Electric, LLC                                            | CenterPoint Energy Houston Electric, LLC                                             | CUSIP: 15189XBG2<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |   1045000 | PA      | $1058596.20   | 0.03%             | 2030-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                                           | Toyota Motor Credit Corp.                                                            | CUSIP: 89236TMK8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    435000 | PA      | $437998.97    | 0.01%             | 2029-08-09      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO XXV Ltd.                                                | Benefit Street Partners CLO XXV Ltd., Series 2021-25A, Class A1R                     | CUSIP: 08186YAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5519000 | PA      | $5520379.75   | 0.18%             | 2035-01-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Ares Management Corp.                                                               | Ares Management Corp.                                                                | CUSIP: 03990BAB7<br>LEI: 529900JUV61FH7B8VW38 | Long             | DBT              | CORP              | US        |    400000 | PA      | $377194.52    | 0.01%             | 2054-10-11      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| VDCM Commercial Mortgage Trust 2025-AZ                                              | VDCM Commercial Mortgage Trust 2025-AZ, Series 2025-AZ, Class B                      | CUSIP: 91825CAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1435000 | PA      | $1430707.63   | 0.05%             | 2044-07-13      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| NTT Finance Corp.                                                                   | NTT Finance Corp.                                                                    | CUSIP: 62954WAT2<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |   2471000 | PA      | $2516259.48   | 0.08%             | 2030-07-16      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280DG1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    630000 | PA      | $637653.37    | 0.02%             | 2028-08-11      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO Ltd.                                                        | Bain Capital Credit CLO Ltd., Series 2019-3A, Class ARR                              | CUSIP: 05683TBA6<br>LEI: 549300434Q955VK1W392 | Long             | ABS-CBDO         | CORP              | KY        |   1805000 | PA      | $1807128.10   | 0.06%             | 2034-10-21      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Phillips Edison Grocery Center Operating Partnership I, L.P.                        | Phillips Edison Grocery Center Operating Partnership I, L.P.                         | CUSIP: 71845JAB4<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |    154000 | PA      | $158296.47    | 0.01%             | 2034-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 3137FGV77<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |      6554 | PA      | $0.07         | 0.00%             | 2045-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                       | CUSIP: 172967MP3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    300000 | PA      | $296572.84    | 0.01%             | 2031-03-31      | Variable      | 4.41%                 | No            |                  2 | On Loan: No      |
| Northern Natural Gas Co.                                                            | Northern Natural Gas Co.                                                             | CUSIP: 665501AN2<br>LEI: 5493007M02M6CT9EXE41 | Long             | DBT              | CORP              | US        |     89000 | PA      | $85053.77     | 0.00%             | 2054-02-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Cardinal Health, Inc.                                                               | Cardinal Health, Inc.                                                                | CUSIP: 14149YBP2<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    136000 | PA      | $139229.80    | 0.00%             | 2034-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                 | Fifth Third Bancorp                                                                  | CUSIP: 316773DD9<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |     39000 | PA      | $37653.41     | 0.00%             | 2027-11-01      | Variable      | 1.71%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                                                          | J.P. Morgan Mortgage Trust, Series 2021-LTV2, Class A1                               | CUSIP: 46654VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3603542 | PA      | $2997450.34   | 0.10%             | 2052-05-25      | Variable      | 2.52%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance, LLC                                            | Volkswagen Group of America Finance, LLC                                             | CUSIP: 928668CM2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1127132.92   | 0.04%             | 2029-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC                                             | Daimler Truck Finance North America LLC                                              | CUSIP: 233853BF6<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   1828000 | PA      | $1862708.16   | 0.06%             | 2035-01-13      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                     | Intercontinental Exchange, Inc.                                                      | CUSIP: 45866FAX2<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |     24000 | PA      | $21542.40     | 0.00%             | 2052-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Huntington Ingalls Industries, Inc.                                                 | Huntington Ingalls Industries, Inc.                                                  | CUSIP: 446413BA3<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |    345000 | PA      | $352788.17    | 0.01%             | 2030-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 3136APZR6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |   2470658 | PA      | $253267.88    | 0.01%             | 2035-08-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets PLC                                                              | BP Capital Markets PLC                                                               | CUSIP: 05565QDX3<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |   1570000 | PA      | $1578492.84   | 0.05%             | N/A             | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| Stryker Corp.                                                                       | Stryker Corp.                                                                        | CUSIP: 863667BK6<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    429000 | PA      | $433076.08    | 0.01%             | 2028-02-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Radian Group Inc.                                                                   | Radian Group Inc.                                                                    | CUSIP: 750236AY7<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |    319000 | PA      | $331460.79    | 0.01%             | 2029-05-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Weir Group Inc.                                                                     | Weir Group Inc.                                                                      | CUSIP: 94877DAA2<br>LEI: 2138009WEPEV2V98AV65 | Long             | DBT              | CORP              | US        |   1554000 | PA      | $1575080.21   | 0.05%             | 2030-05-06      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                                    | CVS Health Corp.                                                                     | CUSIP: 126650DX5<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     26000 | PA      | $26472.52     | 0.00%             | 2031-01-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Private Bank, N.A.                                                   | Morgan Stanley Private Bank, N.A.                                                    | CUSIP: 61776NVF7<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   7955000 | PA      | $7970363.57   | 0.26%             | 2028-07-06      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| CSMC Mortgage-Backed Trust                                                          | CSMC Mortgage-Backed Trust, Series 2006-6, Class 1A4                                 | CUSIP: 22942JAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    565212 | PA      | $256848.53    | 0.01%             | 2036-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                             | CarMax Auto Owner Trust, Series 2022-4, Class A4                                     | CUSIP: 14318UAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7031000 | PA      | $7123705.14   | 0.23%             | 2028-07-17      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Public Service Enterprise Group Inc.                                                | Public Service Enterprise Group Inc.                                                 | CUSIP: 744573AX4<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    149000 | PA      | $158902.11    | 0.01%             | 2033-10-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co. (The)                                                                 | Coca-Cola Co. (The)                                                                  | CUSIP: 191216DT4<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    634000 | PA      | $613296.50    | 0.02%             | 2064-05-13      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| 3M Co.                                                                              | 3M Co.                                                                               | CUSIP: 88579YAV3<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |    500000 | PA      | $487796.42    | 0.02%             | 2026-09-19      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Solventum Corp.                                                                     | Solventum Corp.                                                                      | CUSIP: 83444MAN1<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    281000 | PA      | $285442.50    | 0.01%             | 2027-02-25      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Northern Trust Corp.                                                                | Northern Trust Corp.                                                                 | CUSIP: 665859AT1<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |    220000 | PA      | $216431.05    | 0.01%             | 2028-08-03      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| B.A.T Capital Corp.                                                                 | B.A.T Capital Corp.                                                                  | CUSIP: 05526DBW4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99065.55     | 0.00%             | 2032-03-16      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| LPL Holdings, Inc.                                                                  | LPL Holdings, Inc.                                                                   | CUSIP: 50212YAQ7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    957000 | PA      | $968317.69    | 0.03%             | 2035-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280DW6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1041000 | PA      | $1112095.20   | 0.04%             | 2044-03-09      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                                                           | Corebridge Global Funding                                                            | CUSIP: 00138CAX6<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    299000 | PA      | $304500.13    | 0.01%             | 2029-01-12      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                      | CUSIP: 38141GC85<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1632000 | PA      | $1646827.16   | 0.05%             | 2028-04-23      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| BHP Billiton Finance (USA) Ltd.                                                     | BHP Billiton Finance (USA) Ltd.                                                      | CUSIP: 055451BD9<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |    183000 | PA      | $189217.46    | 0.01%             | 2030-09-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                                       | UBS Commercial Mortgage Trust, Series 2017-C5, Class XA                              | CUSIP: 90276TAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11611122 | PA      | $205281.15    | 0.01%             | 2050-11-15      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| Huntington Ingalls Industries, Inc.                                                 | Huntington Ingalls Industries, Inc.                                                  | CUSIP: 446413BB1<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |    683000 | PA      | $702446.33    | 0.02%             | 2035-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                    | CUSIP: 95002YAA1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     91000 | PA      | $97092.72     | 0.00%             | N/A             | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd.                                                                   | CIFC Funding Ltd., Series 2016-1A, Class AR3                                         | CUSIP: 17180TBL5<br>LEI: 54930076OPDXR0U68E20 | Long             | ABS-CBDO         | CORP              | KY        |   2504220 | PA      | $2500791.88   | 0.08%             | 2031-10-21      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172DT3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1316000 | PA      | $1307556.03   | 0.04%             | 2030-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Intel Corp.                                                                         | Intel Corp.                                                                          | CUSIP: 458140CC2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    110000 | PA      | $86728.04     | 0.00%             | 2062-08-05      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31395LMA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    132211 | PA      | $7841.96      | 0.00%             | 2035-01-15      | Floating      | 2.25%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                                | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200283.96    | 0.01%             | 2035-10-25      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| Ryder System, Inc.                                                                  | Ryder System, Inc.                                                                   | CUSIP: 78355HLD9<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    691000 | PA      | $699518.81    | 0.02%             | 2029-12-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp.                                                                    | McDonald's Corp.                                                                     | CUSIP: 58013MFZ2<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |   1334000 | PA      | $1342830.16   | 0.04%             | 2030-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PEU6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    478000 | PA      | $483276.42    | 0.02%             | 2029-01-24      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                                                   | Crown Castle Inc.                                                                    | CUSIP: 22822VBA8<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151305.26    | 0.00%             | 2028-01-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Symphony CLO XVI Ltd.                                                               | Symphony CLO XVI Ltd., Series 2015-16A, Class ARR                                    | CUSIP: 87165VAX7<br>LEI: 5493004PWOYFPAFQVT02 | Long             | ABS-CBDO         | CORP              | KY        |   2107366 | PA      | $2111603.81   | 0.07%             | 2031-10-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                                 | Citigroup Commercial Mortgage Trust, Series 2017-C4, Class XA                        | CUSIP: 17326FAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  23200786 | PA      | $412041.32    | 0.01%             | 2050-10-12      | Variable      | 0.98%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                                        | Pacific Gas and Electric Co.                                                         | CUSIP: 694308KQ9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112168.17    | 0.00%             | 2029-05-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                                                  | Uniform Mortgage-Backed Securities, TBA                                              | CUSIP: 01F022485<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    300000 | PA      | $278635.20    | 0.01%             | 2040-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                                                  | Ellington Financial Mortgage Trust, Series 2022-3, Class A1                          | CUSIP: 31573EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2768489 | PA      | $2759996.26   | 0.09%             | 2067-08-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                                                         | BNP Paribas                                                                          | CUSIP: 09659W3B8<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   4194000 | PA      | $4242960.80   | 0.14%             | 2029-05-09      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | U.S. Treasury Long Bond Future                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |      1549 | NC      | $3178757.49   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent, L.P.                                                         | American Homes 4 Rent, L.P.                                                          | CUSIP: 02666TAH0<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |    466000 | PA      | $472526.55    | 0.02%             | 2034-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                             | Hyundai Capital America                                                              | CUSIP: 44891ACD7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    119000 | PA      | $121917.37    | 0.00%             | 2028-03-30      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| GXO Logistics, Inc.                                                                 | GXO Logistics, Inc.                                                                  | CUSIP: 36262GAF8<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    537000 | PA      | $558746.86    | 0.02%             | 2029-05-06      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| First Horizon Alternative Mortgage Securities Trust                                 | First Horizon Alternative Mortgage Securities Trust, Series 2005-FA8, Class 1A6      | CUSIP: 32051GYL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    330055 | PA      | $130108.75    | 0.00%             | 2035-11-25      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Nomura Holdings, Inc.                                                               | Nomura Holdings, Inc.                                                                | CUSIP: 65535HCB3<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   2480000 | PA      | $2500756.83   | 0.08%             | 2035-06-29      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                         | AbbVie Inc.                                                                          | CUSIP: 00287YDY2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100940.43    | 0.00%             | 2028-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding (AESOP) LLC                                          | Avis Budget Rental Car Funding (AESOP) LLC, Series 2023-4A, Class A                  | CUSIP: 05377RGY4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   5238000 | PA      | $5363267.82   | 0.18%             | 2029-06-20      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                                                           | Williams Cos., Inc. (The)                                                            | CUSIP: 969457CQ1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    340000 | PA      | $339734.59    | 0.01%             | 2055-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                               | Foundry JV Holdco LLC                                                                | CUSIP: 350930AG8<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    499000 | PA      | $513239.81    | 0.02%             | 2033-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities                                            | Fannie Mae Connecticut Avenue Securities, Series 2025-R04, Class 1A1                 | CUSIP: 20755TAA9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    458267 | PA      | $458516.70    | 0.02%             | 2045-05-25      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1859000 | PA      | $1901601.01   | 0.06%             | 2031-04-22      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| Keybank N.A.                                                                        | Keybank N.A.                                                                         | CUSIP: 49327M3E2<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    629000 | PA      | $628856.03    | 0.02%             | 2025-08-08      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                                                  | Uniform Mortgage-Backed Securities, TBA                                              | CUSIP: 01F042681<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  15464427 | PA      | $14671536.91  | 0.48%             | 2055-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| 3M Co.                                                                              | 3M Co.                                                                               | CUSIP: 88579YBR1<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302765.05    | 0.01%             | 2035-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Kroger Co. (The)                                                                    | Kroger Co. (The)                                                                     | CUSIP: 501044DX6<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    999000 | PA      | $943096.85    | 0.03%             | 2064-09-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280CK3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $267037.69    | 0.01%             | 2031-08-18      | Variable      | 2.36%                 | No            |                  2 | On Loan: No      |
| Nomura Holdings, Inc.                                                               | Nomura Holdings, Inc.                                                                | CUSIP: 65535HBZ1<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   3018000 | PA      | $3023513.58   | 0.10%             | 2030-07-01      | Fixed         | 4.90%                 | 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        |    581000 | PA      | $576744.97    | 0.02%             | 2031-10-20      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| Atmos Energy Corp.                                                                  | Atmos Energy Corp.                                                                   | CUSIP: 049560AZ8<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |     86000 | PA      | $92031.27     | 0.00%             | 2033-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Var Energi ASA                                                                      | Var Energi ASA                                                                       | CUSIP: 92212WAF7<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    786000 | PA      | $809703.01    | 0.03%             | 2030-05-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ICON Investments Six DAC                                                            | ICON Investments Six DAC                                                             | CUSIP: 45115AAC8<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |    953000 | PA      | $975758.40    | 0.03%             | 2034-05-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust 2024-3                               | Morgan Stanley Residential Mortgage Loan Trust 2024-3, Series 2024-3, Class A1       | CUSIP: 61776QAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3147497 | PA      | $3166174.22   | 0.10%             | 2054-07-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Cos., Inc.                                                         | Marsh & McLennan Cos., Inc.                                                          | CUSIP: 571748BV3<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |     91000 | PA      | $90910.85     | 0.00%             | 2053-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass-Through Ctfs.                               | Freddie Mac Multifamily Structured Pass-Through Ctfs., Series K735, Class X1, IO     | CUSIP: 3137FMU83<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |  32455916 | PA      | $165856.22    | 0.01%             | 2026-05-25      | Variable      | 0.96%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp.                                                              | Northrop Grumman Corp.                                                               | CUSIP: 666807CJ9<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |     24000 | PA      | $21486.19     | 0.00%             | 2053-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 3133KRVR2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14539343 | PA      | $14596789.03  | 0.48%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AGCO Corp.                                                                          | AGCO Corp.                                                                           | CUSIP: 001084AS1<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | DBT              | CORP              | US        |    264000 | PA      | $269194.23    | 0.01%             | 2034-03-21      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Arrow Electronics, Inc.                                                             | Arrow Electronics, Inc.                                                              | CUSIP: 04273WAE1<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154314.79    | 0.01%             | 2034-04-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 3136AAQJ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    652724 | PA      | $71899.03     | 0.00%             | 2042-12-25      | Floating      | 1.69%                 | No            |                  2 | On Loan: No      |
| COLT 2025-8 Mortgage Loan Trust                                                     | COLT 2025-8 Mortgage Loan Trust, Series 2025-8, Class A1                             | CUSIP: 19689DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3805000 | PA      | $3805969.13   | 0.13%             | 2070-08-25      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                     | Intercontinental Exchange, Inc.                                                      | CUSIP: 45866FAW4<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |     22000 | PA      | $21844.90     | 0.00%             | 2033-03-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392FMV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     47040 | PA      | $5109.56      | 0.00%             | 2032-11-25      | Floating      | 3.54%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 111378800 | PA      | $106732215.69 | 3.52%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Amrize Finance US LLC                                                               | Amrize Finance US LLC                                                                | CUSIP: 43475RAB2<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |   1593000 | PA      | $1601501.46   | 0.05%             | 2028-04-07      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp.                                                                   | Duke Energy Corp.                                                                    | CUSIP: 26441CCC7<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    199000 | PA      | $201373.34    | 0.01%             | 2029-01-05      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                                      | Morgan Stanley Capital I Trust, Series 2017-HR2, Class XA                            | CUSIP: 61691NAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10393963 | PA      | $172409.86    | 0.01%             | 2050-12-15      | Variable      | 0.85%                 | No            |                  2 | On Loan: No      |
| Public Service Co. of Colorado                                                      | Public Service Co. of Colorado                                                       | CUSIP: 744448CY5<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |     46000 | PA      | $42259.86     | 0.00%             | 2053-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Exelon Corp.                                                                        | Exelon Corp.                                                                         | CUSIP: 30161NBL4<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    156000 | PA      | $148959.59    | 0.00%             | 2053-03-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Prologis, L.P.                                                                      | Prologis, L.P.                                                                       | CUSIP: 74340XCK5<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |    635000 | PA      | $593605.43    | 0.02%             | 2054-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Eastern Energy Gas Holdings, LLC                                                    | Eastern Energy Gas Holdings, LLC                                                     | CUSIP: 27636AAA0<br>LEI: 549300BFOD6TDMVV4O24 | Long             | DBT              | CORP              | US        |    426000 | PA      | $408223.87    | 0.01%             | 2054-10-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PDC7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     19000 | PA      | $18780.24     | 0.00%             | 2033-04-26      | Variable      | 4.59%                 | No            |                  2 | On Loan: No      |
| Snam S.p.A.                                                                         | Snam S.p.A.                                                                          | CUSIP: 83304JAA5<br>LEI: 8156002278562044AF79 | Long             | DBT              | CORP              | IT        |   2245000 | PA      | $2258825.09   | 0.07%             | 2030-05-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Global Funding                                                  | Northwestern Mutual Global Funding                                                   | CUSIP: 66815L2Q1<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |   1066000 | PA      | $1077828.99   | 0.04%             | 2029-01-10      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31395WJY4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    321006 | PA      | $28678.74     | 0.00%             | 2035-07-15      | Floating      | 2.20%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust, Series 2025-VLT6, Class A                                                  | CUSIP: 12433KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3865000 | PA      | $3868344.00   | 0.13%             | 2042-03-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 3133TJGF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     36292 | PA      | $1905.23      | 0.00%             | 2029-02-15      | Floating      | 3.20%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 31297BTP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      8526 | PA      | $8971.92      | 0.00%             | 2031-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Gas and Electric Co.                                                       | Oklahoma Gas and Electric Co.                                                        | CUSIP: 678858BY6<br>LEI: 549300VJ8YXGPO8EV472 | Long             | DBT              | CORP              | US        |    882000 | PA      | $857891.27    | 0.03%             | 2053-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                      | CUSIP: 38141GA95<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    393000 | PA      | $411932.34    | 0.01%             | 2035-04-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 912810UL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  41096500 | PA      | $41706526.17  | 1.37%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                   | Enterprise Products Operating LLC                                                    | CUSIP: 29379VCL5<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   2213000 | PA      | $2217973.23   | 0.07%             | 2036-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                            | HCA Inc.                                                                             | CUSIP: 404119CR8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     81000 | PA      | $77735.31     | 0.00%             | 2053-06-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                                    | CVS Health Corp.                                                                     | CUSIP: 126650DR8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    440000 | PA      | $375483.77    | 0.01%             | 2031-09-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Bank                                                                                | Bank, Series 2019-BN16, Class XA                                                     | CUSIP: 065405AJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |  22171641 | PA      | $564168.49    | 0.02%             | 2052-02-15      | Variable      | 0.93%                 | No            |                  2 | On Loan: No      |
| Tricon Residential 2025-SFR1 Trust                                                  | Tricon Residential 2025-SFR1 Trust, Series 2025-SFR1, Class A                        | CUSIP: 895974AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4003116 | PA      | $4005565.52   | 0.13%             | 2042-03-17      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| Meta Platforms, Inc.                                                                | Meta Platforms, Inc.                                                                 | CUSIP: 30303M8U9<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    956000 | PA      | $952747.18    | 0.03%             | 2034-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Amrize Finance US LLC                                                               | Amrize Finance US LLC                                                                | CUSIP: 43475RAA4<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1125762.20   | 0.04%             | 2027-04-07      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Entergy Texas, Inc.                                                                 | Entergy Texas, Inc.                                                                  | CUSIP: 29365TAP9<br>LEI: LWXX58X12AJXISQ28573 | Long             | DBT              | CORP              | US        |    259000 | PA      | $247347.08    | 0.01%             | 2054-09-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Frontier Issuer LLC                                                                 | Frontier Issuer LLC, Series 2023-1, Class A2                                         | CUSIP: 35910EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4952710 | PA      | $5017663.31   | 0.17%             | 2053-08-20      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Public Service Co. of New Hampshire                                                 | Public Service Co. of New Hampshire                                                  | CUSIP: 744538AF6<br>LEI: 549300SHPFALUPKK2351 | Long             | DBT              | CORP              | US        |     76000 | PA      | $78448.15     | 0.00%             | 2033-10-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                                                | American Express Co.                                                                 | CUSIP: 025816EK1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   3679000 | PA      | $3691933.49   | 0.12%             | 2033-07-20      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                                        | Avolon Holdings Funding Ltd.                                                         | CUSIP: 05401AAS0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    104000 | PA      | $108300.40    | 0.00%             | 2028-05-04      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                                                          | Alibaba Group Holding Ltd.                                                           | CUSIP: 01609WAU6<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $357266.23    | 0.01%             | 2037-12-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO 53B Ltd.                                                 | Golub Capital Partners CLO 53B Ltd., Series 2021-53A, Class AR                       | CUSIP: 38177YAL6<br>LEI: 254900DPK2EA9C8DGV68 | Long             | ABS-CBDO         | CORP              | KY        |   9311000 | PA      | $9313355.68   | 0.31%             | 2034-07-20      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp. | Charter Communications Operating LLC/Charter Communications Operating Capital Corp.  | CUSIP: 161175CP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    229000 | PA      | $242848.54    | 0.01%             | 2034-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                        | Oracle Corp.                                                                         | CUSIP: 68389XCV5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1697000 | PA      | $1517345.01   | 0.05%             | 2064-09-27      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Solventum Corp.                                                                     | Solventum Corp.                                                                      | CUSIP: 83444MAR2<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    302000 | PA      | $309878.81    | 0.01%             | 2034-03-23      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172DB2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    279000 | PA      | $286488.37    | 0.01%             | 2033-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                                                            | John Deere Capital Corp.                                                             | CUSIP: 24422EYF0<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   4177000 | PA      | $4162714.66   | 0.14%             | 2030-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 21H020683<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1000000 | PA      | $807554.11    | 0.03%             | 2055-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 91282CNA5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1800000 | PA      | $1787167.96   | 0.06%             | 2032-04-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                                                | American Express Co.                                                                 | CUSIP: 025816ED7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1561000 | PA      | $1574960.38   | 0.05%             | 2029-04-25      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                                               | NextEra Energy Capital Holdings, Inc.                                                | CUSIP: 65339KCH1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     71000 | PA      | $71271.18     | 0.00%             | 2027-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Jabil Inc.                                                                          | Jabil Inc.                                                                           | CUSIP: 466313AK9<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |    100000 | PA      | $90910.23     | 0.00%             | 2031-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Horizon Mutual Holdings, Inc.                                                       | Horizon Mutual Holdings, Inc.                                                        | CUSIP: 43990FAA6<br>LEI: 254900R6BWV4LUXBN549 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5832349.68   | 0.19%             | 2034-11-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                                          | JPMBB Commercial Mortgage Securities Trust, Series 2014-C25, Class AS                | CUSIP: 46643PBJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6036000 | PA      | $5835872.19   | 0.19%             | 2047-11-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| Symphony CLO XX Ltd.                                                                | Symphony CLO XX Ltd., Series 2018-20A, Class AR2                                     | CUSIP: 87166VAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4060623 | PA      | $4062506.77   | 0.13%             | 2032-01-16      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Meta Platforms, Inc.                                                                | Meta Platforms, Inc.                                                                 | CUSIP: 30303M8R6<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100580.19    | 0.00%             | 2063-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172DC0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    217000 | PA      | $222312.42    | 0.01%             | 2028-09-07      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 3133TDPP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     65339 | PA      | $65979.15     | 0.00%             | 2028-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Residential Mortgage Loan Trust                                                     | Residential Mortgage Loan Trust, Series 2020-1, Class A1                             | CUSIP: 76119CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     66280 | PA      | $65652.64     | 0.00%             | 2060-01-26      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                                        | Pacific Gas and Electric Co.                                                         | CUSIP: 694308JT5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    440000 | PA      | $397790.32    | 0.01%             | 2031-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                                                         | BNP Paribas                                                                          | CUSIP: 09659W3C6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1410000 | PA      | $1415539.26   | 0.05%             | 2029-05-09      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FAHB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     19655 | PA      | $2528.78      | 0.00%             | 2032-02-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                     | Intercontinental Exchange, Inc.                                                      | CUSIP: 45866FAY0<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46500.00     | 0.00%             | 2062-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Regatta XIII Funding Ltd.                                                           | Regatta XIII Funding Ltd., Series 2018-2A, Class A1R                                 | CUSIP: 75888FAL9<br>LEI: 2549001ZYXDVCT6R4I31 | Long             | ABS-CBDO         | CORP              | KY        |   2402888 | PA      | $2403728.94   | 0.08%             | 2031-07-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Adventist Health System                                                             | Adventist Health System                                                              | CUSIP: 007944AK7<br>LEI: 5493008YM33UCY5QPW83 | Long             | DBT              | CORP              | US        |    205000 | PA      | $205057.82    | 0.01%             | 2034-12-01      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                                    | CVS Health Corp.                                                                     | CUSIP: 126650DT4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    220000 | PA      | $223613.73    | 0.01%             | 2030-02-21      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                             | UnitedHealth Group Inc.                                                              | CUSIP: 91324PEW8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     37000 | PA      | $32508.59     | 0.00%             | 2053-04-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corp.                                                                      | M&T Bank Corp.                                                                       | CUSIP: 55261FAT1<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    400000 | PA      | $421018.28    | 0.01%             | 2032-03-13      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association, TBA                                        | CUSIP: 21H032688<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    300000 | PA      | $269614.24    | 0.01%             | 2055-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FAB58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |      6885 | PA      | $819.52       | 0.00%             | 2033-02-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                      | CUSIP: 38141GZM9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    440000 | PA      | $395703.95    | 0.01%             | 2033-02-24      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| Evergy Metro, Inc.                                                                  | Evergy Metro, Inc.                                                                   | CUSIP: 30037DAB1<br>LEI: 1128SIJQ26096WL7IO82 | Long             | DBT              | CORP              | US        |     72000 | PA      | $72259.93     | 0.00%             | 2033-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280EK1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2229000 | PA      | $2230191.78   | 0.07%             | 2028-11-19      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp.                                                               | Lockheed Martin Corp.                                                                | CUSIP: 539830BY4<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20447.63     | 0.00%             | 2063-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                                | CUSIP: 06051GKW8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     22000 | PA      | $22199.83     | 0.00%             | 2028-07-22      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FAB25<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    208329 | PA      | $31400.68     | 0.00%             | 2033-02-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Pfizer Investment Enterprises Pte. Ltd.                                             | Pfizer Investment Enterprises Pte. Ltd.                                              | CUSIP: 716973AE2<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    125000 | PA      | $124299.13    | 0.00%             | 2033-05-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                            | HCA Inc.                                                                             | CUSIP: 404121AL9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    440000 | PA      | $424717.11    | 0.01%             | 2054-09-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial, Inc.                                                          | Corebridge Financial, Inc.                                                           | CUSIP: 21871XAR0<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    162000 | PA      | $170493.89    | 0.01%             | 2033-09-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Universal Health Services, Inc.                                                     | Universal Health Services, Inc.                                                      | CUSIP: 913903BC3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |   1134000 | PA      | $1078446.52   | 0.04%             | 2034-10-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                                                  | Uniform Mortgage-Backed Securities, TBA                                              | CUSIP: 01F030686<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        | 151520238 | PA      | $129695931.12 | 4.27%             | 2055-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust                                                                 | RCKT Mortgage Trust, Series 2025-CES7, Class A1A                                     | CUSIP: 74943AAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2315000 | PA      | $2320903.94   | 0.08%             | 2055-07-25      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Hershey Co. (The)                                                                   | Hershey Co. (The)                                                                    | CUSIP: 427866BH0<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | DBT              | CORP              | US        |    440000 | PA      | $441659.82    | 0.01%             | 2028-05-04      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STRIPS                                                                  | Freddie Mac STRIPS, IO                                                               | CUSIP: 31325UP26<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    130409 | PA      | $2587.03      | 0.00%             | 2027-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Equitable America Global Funding                                                    | Equitable America Global Funding                                                     | CUSIP: 29446Q2A0<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |   4457000 | PA      | $4471178.65   | 0.15%             | 2028-06-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Banco Santander S.A.                                                                | Banco Santander S.A.                                                                 | CUSIP: 05964HAQ8<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $397306.68    | 0.01%             | 2028-03-24      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31394B6Z2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    164532 | PA      | $12836.11     | 0.00%             | 2035-02-25      | Floating      | 2.24%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                                | Royal Bank of Canada                                                                 | CUSIP: 78016HZV5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     85000 | PA      | $86835.19     | 0.00%             | 2029-02-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association, IO                                         | CUSIP: 38380HHZ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |   1932297 | PA      | $268146.34    | 0.01%             | 2047-09-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Novartis Capital Corp.                                                              | Novartis Capital Corp.                                                               | CUSIP: 66989HAW8<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    703000 | PA      | $623430.47    | 0.02%             | 2054-09-18      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Affiliated Managers Group, Inc.                                                     | Affiliated Managers Group, Inc.                                                      | CUSIP: 008252AR9<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | DBT              | CORP              | US        |   1118000 | PA      | $1127454.86   | 0.04%             | 2034-08-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                       | Alphabet Inc.                                                                        | CUSIP: 02079KAN7<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   1081000 | PA      | $1050585.43   | 0.03%             | 2065-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                           | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                            | CUSIP: 00774MBJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    547000 | PA      | $555695.88    | 0.02%             | 2029-01-19      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31359XLQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    128858 | PA      | $130886.18    | 0.00%             | 2029-12-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust, Series 2022-LBA6, Class B                                                  | CUSIP: 12433EAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2265000 | PA      | $2266689.69   | 0.07%             | 2039-01-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Co.                                                      | Southern California Edison Co.                                                       | CUSIP: 842400JD6<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    110000 | PA      | $101135.10    | 0.00%             | 2054-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Ares Strategic Income Fund                                                          | Ares Strategic Income Fund                                                           | CUSIP: 04020EAL1<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |   1638000 | PA      | $1635895.27   | 0.05%             | 2028-09-09      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 31283HV85<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       366 | PA      | $377.67       | 0.00%             | 2028-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Subway Funding LLC                                                                  | Subway Funding LLC, Series 2024-3A, Class A2I                                        | CUSIP: 864300AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3950150 | PA      | $3897730.32   | 0.13%             | 2054-07-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TELUS Corp.                                                                         | TELUS Corp.                                                                          | CUSIP: 87971MCL5<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | DBT              | CORP              | CA        |   2995000 | PA      | $3034174.90   | 0.10%             | 2055-10-15      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| Mars, Inc.                                                                          | Mars, Inc.                                                                           | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    952000 | PA      | $961757.20    | 0.03%             | 2030-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 3128M6FN3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    337326 | PA      | $355126.54    | 0.01%             | 2035-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 91282CKQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1006269.53   | 0.03%             | 2034-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172AM1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    100000 | PA      | $86678.87     | 0.00%             | 2041-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Veralto Corp.                                                                       | Veralto Corp.                                                                        | CUSIP: 92338CAB9<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |    520000 | PA      | $524695.99    | 0.02%             | 2026-09-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| High Street Funding Trust III                                                       | High Street Funding Trust III                                                        | CUSIP: 42981FAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    714000 | PA      | $692336.73    | 0.02%             | 2055-02-15      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Exelon Corp.                                                                        | Exelon Corp.                                                                         | CUSIP: 30161NBR1<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   2079000 | PA      | $2122478.29   | 0.07%             | 2031-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                                                  | Ellington Financial Mortgage Trust, Series 2021-1, Class A1                          | CUSIP: 31574XAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    227216 | PA      | $194262.85    | 0.01%             | 2066-02-25      | Variable      | 0.80%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust, Series 2025-HB1, Class A1                                  | CUSIP: 034936AA2<br>LEI: 254900ZFKOWCY24MSQ94 | Long             | ABS-MBS          | CORP              | US        |   1375623 | PA      | $1387390.21   | 0.05%             | 2055-02-25      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Public Service Co. of New Hampshire                                                 | Public Service Co. of New Hampshire                                                  | CUSIP: 744538AH2<br>LEI: 549300SHPFALUPKK2351 | Long             | DBT              | CORP              | US        |   4549000 | PA      | $4561658.59   | 0.15%             | 2028-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Cousins Properties L.P.                                                             | Cousins Properties L.P.                                                              | CUSIP: 222793AA9<br>LEI: 254900ZQIHJ5FQH4C329 | Long             | DBT              | CORP              | US        |    398000 | PA      | $409721.29    | 0.01%             | 2034-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                                                        | Mizuho Financial Group, Inc.                                                         | CUSIP: 60687YDG1<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    688000 | PA      | $708820.17    | 0.02%             | 2035-07-10      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| Ameriprise Financial, Inc.                                                          | Ameriprise Financial, Inc.                                                           | CUSIP: 03076CAM8<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | DBT              | CORP              | US        |    116000 | PA      | $118475.63    | 0.00%             | 2033-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Micron Technology, Inc.                                                             | Micron Technology, Inc.                                                              | CUSIP: 595112CG6<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |   1172000 | PA      | $1212033.36   | 0.04%             | 2032-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Fiserv, Inc.                                                                        | Fiserv, Inc.                                                                         | CUSIP: 337738BG2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    288000 | PA      | $295134.00    | 0.01%             | 2028-08-21      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 31395XLV5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     22133 | PA      | $24296.71     | 0.00%             | 2035-08-15      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| Mastercard Inc.                                                                     | Mastercard Inc.                                                                      | CUSIP: 57636QAX2<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    131000 | PA      | $132905.63    | 0.00%             | 2033-03-09      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co.                                                                      | DTE Energy Co.                                                                       | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    290000 | PA      | $292703.40    | 0.01%             | 2027-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                    | CUSIP: 95000U3S0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1714000 | PA      | $1717134.79   | 0.06%             | 2028-01-24      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 3133TDE69<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |       405 | PA      | $407.05       | 0.00%             | 2028-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Trans-Allegheny Interstate Line Co.                                                 | Trans-Allegheny Interstate Line Co.                                                  | CUSIP: 893045AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    885000 | PA      | $897198.07    | 0.03%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fairfax Financial Holdings Ltd.                                                     | Fairfax Financial Holdings Ltd.                                                      | CUSIP: 303901BU5<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |    685000 | PA      | $666079.15    | 0.02%             | 2055-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Becton, Dickinson and Co.                                                           | Becton, Dickinson and Co.                                                            | CUSIP: 075887CQ0<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40325.16     | 0.00%             | 2028-02-13      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| Roper Technologies, Inc.                                                            | Roper Technologies, Inc.                                                             | CUSIP: 776696AG1<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    335000 | PA      | $334119.95    | 0.01%             | 2029-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Subway Funding LLC                                                                  | Subway Funding LLC, Series 2024-3A, Class A23                                        | CUSIP: 864300AL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4272712 | PA      | $4189087.83   | 0.14%             | 2054-07-30      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC                                             | Mercedes-Benz Finance North America LLC                                              | CUSIP: 58769JAL1<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    920000 | PA      | $937767.45    | 0.03%             | 2028-08-03      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31359XCD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     34746 | PA      | $35195.34     | 0.00%             | 2029-11-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage L.P.                                                            | Extra Space Storage L.P.                                                             | CUSIP: 30225VAS6<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |    234000 | PA      | $237131.93    | 0.01%             | 2034-02-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Niagara Mohawk Power Corp.                                                          | Niagara Mohawk Power Corp.                                                           | CUSIP: 653522DT6<br>LEI: 3T97Y9RR5EN5Y18QHB56 | Long             | DBT              | CORP              | US        |   3525000 | PA      | $3502243.66   | 0.12%             | 2030-10-03      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Universal Health Services, Inc.                                                     | Universal Health Services, Inc.                                                      | CUSIP: 913903BB5<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |    874000 | PA      | $862016.67    | 0.03%             | 2029-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential Trust, Series 2021-SFR10, Class A                               | CUSIP: 74333WAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2034290 | PA      | $1905014.81   | 0.06%             | 2040-12-17      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| OGE Energy Corp.                                                                    | OGE Energy Corp.                                                                     | CUSIP: 670837AD5<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | DBT              | CORP              | US        |    800000 | PA      | $824695.87    | 0.03%             | 2029-05-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280EP0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2428000 | PA      | $2428535.30   | 0.08%             | 2030-11-19      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 3137AXEJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    236017 | PA      | $4648.99      | 0.00%             | 2027-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 912810FF0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7000000 | PA      | $7288476.58   | 0.24%             | 2028-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc / SkyMiles IP Ltd.                                              | Delta Air Lines Inc / SkyMiles IP Ltd.                                               | CUSIP: 830867AA5<br>LEI: 2549008L7P4I8VB90936 | Long             | DBT              | CORP              | US        |     11938 | PA      | $11909.34     | 0.00%             | 2025-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CaixaBank, S.A.                                                                     | CaixaBank, S.A.                                                                      | CUSIP: 12803RAL8<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   2309000 | PA      | $2315044.43   | 0.08%             | 2031-07-03      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Southern Co. (The)                                                                  | Southern Co. (The)                                                                   | CUSIP: 842587EA1<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    469000 | PA      | $456760.82    | 0.02%             | 2035-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Commonwealth Edison Co.                                                             | Commonwealth Edison Co.                                                              | CUSIP: 202795KB5<br>LEI: D8YOXB8L2ZDC8P7Q0771 | Long             | DBT              | CORP              | US        |    899000 | PA      | $932958.42    | 0.03%             | 2055-06-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 91282CJK8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2600000 | PA      | $2617113.28   | 0.09%             | 2026-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| EOG Resources, Inc.                                                                 | EOG Resources, Inc.                                                                  | CUSIP: 26875PAZ4<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |   1865000 | PA      | $1879788.59   | 0.06%             | 2036-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FCCL8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     77527 | PA      | $10004.92     | 0.00%             | 2034-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1683000 | PA      | $1736463.91   | 0.06%             | 2036-04-17      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                           | Ford Motor Credit Co. LLC                                                            | CUSIP: 345397D59<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1136000 | PA      | $1176061.46   | 0.04%             | 2028-11-07      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PEJ1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    805000 | PA      | $818817.70    | 0.03%             | 2030-07-22      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61747YFA8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30445.04     | 0.00%             | 2029-02-01      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co. L.P./ PTL Finance Corp.                                    | Penske Truck Leasing Co. L.P./ PTL Finance Corp.                                     | CUSIP: 709599CB8<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |   2102000 | PA      | $2145251.36   | 0.07%             | 2030-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Delaware Life Global Funding                                                        | Delaware Life Global Funding, Series 21-1                                            | CUSIP: 246114AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9383000 | PA      | $9174114.53   | 0.30%             | 2026-06-29      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                    | CUSIP: 95000U3J0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153221.97    | 0.01%             | 2030-01-23      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| Banc of America Mortgage Trust                                                      | Banc of America Mortgage Trust, Series 2007-1, Class 1A24                            | CUSIP: 05952HAZ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    175056 | PA      | $148344.39    | 0.00%             | 2037-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                                                        | Mizuho Financial Group, Inc.                                                         | CUSIP: 60687YCZ0<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    781000 | PA      | $807712.53    | 0.03%             | 2029-07-06      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| Blackstone Secured Lending Fund                                                     | Blackstone Secured Lending Fund                                                      | CUSIP: 09261XAD4<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |   2121000 | PA      | $2029712.05   | 0.07%             | 2027-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding 2025-2 Ltd.                                              | Palmer Square Loan Funding 2025-2 Ltd., Series 2025-2A, Class A1                     | CUSIP: 69704AAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10655000 | PA      | $10664141.99  | 0.35%             | 2033-07-15      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Brighthouse Financial, Inc.                                                         | Brighthouse Financial, Inc.                                                          | CUSIP: 10922NAH6<br>LEI: 5493003T8SZSHOGGAW52 | Long             | DBT              | CORP              | US        |    300000 | PA      | $184274.12    | 0.01%             | 2051-12-22      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                                                        | Marriott International, Inc.                                                         | CUSIP: 571903BS1<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    380000 | PA      | $381637.14    | 0.01%             | 2035-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                                                  | Uniform Mortgage-Backed Securities, TBA                                              | CUSIP: 01F050486<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    100000 | PA      | $100284.71    | 0.00%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp. | Charter Communications Operating LLC/Charter Communications Operating Capital Corp.  | CUSIP: 161175BJ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    440000 | PA      | $430224.74    | 0.01%             | 2028-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                                                           | Bank of Nova Scotia (The)                                                            | CUSIP: 0641598V1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    849000 | PA      | $907168.39    | 0.03%             | 2084-01-27      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                | Glencore Funding LLC                                                                 | CUSIP: 378272BS6<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    265000 | PA      | $271480.77    | 0.01%             | 2029-04-04      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Snam S.p.A.                                                                         | Snam S.p.A.                                                                          | CUSIP: 83304JAB3<br>LEI: 8156002278562044AF79 | Long             | DBT              | CORP              | IT        |   2369000 | PA      | $2430123.16   | 0.08%             | 2035-05-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                | Glencore Funding LLC                                                                 | CUSIP: 378272BY3<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   2056000 | PA      | $2075926.85   | 0.07%             | 2028-04-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FANS5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     22169 | PA      | $2354.80      | 0.00%             | 2032-07-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                                                 | CommonSpirit Health                                                                  | CUSIP: 20268JAR4<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |   4427000 | PA      | $4521257.38   | 0.15%             | 2031-12-01      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                                               | Westpac Banking Corp.                                                                | CUSIP: 961214GD9<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   2955000 | PA      | $2976486.63   | 0.10%             | 2030-07-01      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STRIPS                                                                  | Freddie Mac STRIPS, IO                                                               | CUSIP: 31282YCE7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |      2301 | PA      | $125.44       | 0.00%             | 2028-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 3133TCV70<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |       224 | PA      | $227.05       | 0.00%             | 2028-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co.                                                           | Florida Power & Light Co.                                                            | CUSIP: 341081GZ4<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    435000 | PA      | $441843.89    | 0.01%             | 2065-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Smurfit Kappa Treasury Unlimited Co.                                                | Smurfit Kappa Treasury Unlimited Co.                                                 | CUSIP: 83272GAD3<br>LEI: 635400B3DOXSWFOWJT40 | Long             | DBT              | CORP              | IE        |   1116000 | PA      | $1144045.08   | 0.04%             | 2030-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                           | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                            | CUSIP: 00774MBQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1609000 | PA      | $1632674.83   | 0.05%             | 2056-01-31      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| NSTAR Electric Co.                                                                  | NSTAR Electric Co.                                                                   | CUSIP: 67021CAM9<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |    400000 | PA      | $392505.18    | 0.01%             | 2027-05-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31397QWP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     39384 | PA      | $37487.15     | 0.00%             | 2041-03-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31395U5B3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    152705 | PA      | $8871.30      | 0.00%             | 2035-05-15      | Floating      | 2.27%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FCHX7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    112624 | PA      | $15599.42     | 0.00%             | 2034-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| B.A.T Capital Corp.                                                                 | B.A.T Capital Corp.                                                                  | CUSIP: 05526DBB0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    110000 | PA      | $107986.73    | 0.00%             | 2027-08-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| Wabtec Corp.                                                                        | Wabtec Corp.                                                                         | CUSIP: 960386AT7<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |   5663000 | PA      | $5776008.45   | 0.19%             | 2035-05-29      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                                               | Athene Global Funding                                                                | CUSIP: 04685A4A6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   2649000 | PA      | $2658939.95   | 0.09%             | 2026-08-27      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                       | CUSIP: 172967QA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4109000 | PA      | $4149212.69   | 0.14%             | 2031-05-07      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                        | Oracle Corp.                                                                         | CUSIP: 68389XDB8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    727000 | PA      | $712689.42    | 0.02%             | 2055-08-03      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61747YFK6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    147000 | PA      | $149988.80    | 0.00%             | 2030-01-16      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| Macy's Retail Holdings, LLC                                                         | Macy's Retail Holdings, LLC                                                          | CUSIP: 55617LAS1<br>LEI: 549300JMONK27O4SQQ19 | Long             | DBT              | CORP              | US        |   1825000 | PA      | $1834232.95   | 0.06%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO Ltd.                                                        | Bain Capital Credit CLO Ltd., Series 2021-1A, Class AR                               | CUSIP: 05684LAN5<br>LEI: 254900DHB4WS9ZL4ED63 | Long             | ABS-CBDO         | CORP              | KY        |   3604000 | PA      | $3605156.88   | 0.12%             | 2034-04-18      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| BHP Billiton Finance (USA) Ltd.                                                     | BHP Billiton Finance (USA) Ltd.                                                      | CUSIP: 055451BE7<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |    691000 | PA      | $708172.75    | 0.02%             | 2033-09-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Novartis Capital Corp.                                                              | Novartis Capital Corp.                                                               | CUSIP: 66989HAU2<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    807000 | PA      | $790648.10    | 0.03%             | 2031-09-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southwest Gas Corp.                                                                 | Southwest Gas Corp.                                                                  | CUSIP: 845011AH8<br>LEI: OQQR1IQTGBKH0UR88X59 | Long             | DBT              | CORP              | US        |     46000 | PA      | $47034.11     | 0.00%             | 2028-03-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 3132DQTR7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2848395 | PA      | $2913612.59   | 0.10%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ICON Investments Six DAC                                                            | ICON Investments Six DAC                                                             | CUSIP: 45115AAA2<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |   1130000 | PA      | $1149097.82   | 0.04%             | 2027-05-08      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                                            | Benchmark Mortgage Trust, Series 2018-B1, Class XA                                   | CUSIP: 08162PAY7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  22288425 | PA      | $229303.31    | 0.01%             | 2051-01-15      | Variable      | 0.53%                 | No            |                  2 | On Loan: No      |
| Mars, Inc.                                                                          | Mars, Inc.                                                                           | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   2627000 | PA      | $2631564.02   | 0.09%             | 2027-03-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Co.                                                      | Southern California Edison Co.                                                       | CUSIP: 842400GT4<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    700000 | PA      | $477901.31    | 0.02%             | 2050-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Union Electric Co.                                                                  | Union Electric Co.                                                                   | CUSIP: 906548CY6<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |    453000 | PA      | $459207.84    | 0.02%             | 2034-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                                      | Enterprise Fleet Financing LLC, Series 2024-2, Class A3                              | CUSIP: 29375RAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    970000 | PA      | $985407.77    | 0.03%             | 2028-04-20      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc., Series GG                                                            | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   8424000 | PA      | $8516664.00   | 0.28%             | N/A             | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                                                 | GS Mortgage-Backed Securities Trust, Series 2021-INV1, Class A6                      | CUSIP: 36263KAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2532475 | PA      | $2247674.11   | 0.07%             | 2051-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO Ltd.                                                        | Bain Capital Credit CLO Ltd., Series 2021-6A, Class A1R                              | CUSIP: 05684PAL0<br>LEI: 254900YXN9JEMKU5DF45 | Long             | ABS-CBDO         | CORP              | KY        |   2180000 | PA      | $2184329.48   | 0.07%             | 2034-10-21      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| American Airlines Pass-Through Trust                                                | American Airlines Pass-Through Trust, Series B                                       | CUSIP: 02376LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    291270 | PA      | $276667.47    | 0.01%             | 2030-07-11      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                      | CUSIP: 38141GA87<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    387000 | PA      | $401902.22    | 0.01%             | 2030-04-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO XXIII, Ltd.                                             | Benefit Street Partners CLO XXIII, Ltd., Series 2021-23A, Class A1R                  | CUSIP: 08186VAN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8600000 | PA      | $8606200.60   | 0.28%             | 2034-04-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Patterson-UTI Energy, Inc.                                                          | Patterson-UTI Energy, Inc.                                                           | CUSIP: 703481AB7<br>LEI: 254900XGFBKIXD6G0697 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96812.70     | 0.00%             | 2028-02-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                                | CUSIP: 06051GMP1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    867000 | PA      | $867068.43    | 0.03%             | 2031-01-24      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                                                         | Toronto-Dominion Bank (The)                                                          | CUSIP: 89116CKP1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1002000 | PA      | $1041389.62   | 0.03%             | 2084-07-31      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| PACCAR Financial Corp.                                                              | PACCAR Financial Corp.                                                               | CUSIP: 69371RS23<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |    106000 | PA      | $106042.70    | 0.00%             | 2025-10-03      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Mars, Inc.                                                                          | Mars, Inc.                                                                           | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1387000 | PA      | $1369855.49   | 0.05%             | 2055-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Bayview MSR Opportunity Master Fund Trust                                           | Bayview MSR Opportunity Master Fund Trust, Series 2021-4, Class A3                   | CUSIP: 07336GAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3151123 | PA      | $2648143.60   | 0.09%             | 2051-10-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Exelon Corp.                                                                        | Exelon Corp.                                                                         | CUSIP: 30161NBS9<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   1266000 | PA      | $1258502.61   | 0.04%             | 2055-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31393AHH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    111577 | PA      | $11218.45     | 0.00%             | 2033-04-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The), Series W                                            | CUSIP: 38141GA38<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   6872000 | PA      | $7275757.49   | 0.24%             | N/A             | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                              | Standard Chartered PLC                                                               | CUSIP: 853254CW8<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    783000 | PA      | $806072.26    | 0.03%             | 2028-02-08      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Northern States Power Co.                                                           | Northern States Power Co.                                                            | CUSIP: 665772CZ0<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |   1618000 | PA      | $1627931.38   | 0.05%             | 2035-05-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc.                                                               | Keurig Dr Pepper Inc.                                                                | CUSIP: 49271VBB5<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    782000 | PA      | $778268.89    | 0.03%             | 2035-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Public Storage Operating Co.                                                        | Public Storage Operating Co.                                                         | CUSIP: 74460WAH0<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |    190000 | PA      | $180714.68    | 0.01%             | 2053-08-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392DWM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     24360 | PA      | $2567.29      | 0.00%             | 2032-08-25      | Floating      | 3.54%                 | No            |                  2 | On Loan: No      |
| Southern California Gas Co.                                                         | Southern California Gas Co.                                                          | CUSIP: 842434CZ3<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111614.96    | 0.00%             | 2033-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust, Series 2022-1, Class A1                                    | CUSIP: 03464BAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3595184 | PA      | $3328020.63   | 0.11%             | 2066-12-25      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                         | AbbVie Inc.                                                                          | CUSIP: 00287YDS5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    760000 | PA      | $772259.30    | 0.03%             | 2029-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bond                                    | Republic of Poland Government International Bond                                     | CUSIP: 857524AH5<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |   5370000 | PA      | $5487450.65   | 0.18%             | 2035-02-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                               | Foundry JV Holdco LLC                                                                | CUSIP: 350930AE3<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    685000 | PA      | $713259.53    | 0.02%             | 2038-01-25      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| South Bow USA Infrastructure Holdings LLC                                           | South Bow USA Infrastructure Holdings LLC                                            | CUSIP: 83007CAA0<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    509000 | PA      | $510852.06    | 0.02%             | 2027-09-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance (USA) PLC                                                         | Rio Tinto Finance (USA) PLC                                                          | CUSIP: 76720AAU0<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   1053000 | PA      | $1069269.58   | 0.04%             | 2035-03-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Xcel Energy Inc.                                                                    | Xcel Energy Inc.                                                                     | CUSIP: 98389BBD1<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    412000 | PA      | $414640.37    | 0.01%             | 2028-03-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FCYZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    133739 | PA      | $19507.61     | 0.00%             | 2035-09-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust 2025-NQM1                            | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM1, Series 2025-NQM1, Class A1 | CUSIP: 617932AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4049776 | PA      | $4061908.04   | 0.13%             | 2069-11-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FAB33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    136392 | PA      | $16164.72     | 0.00%             | 2033-02-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Mitsubishi Ufj Financial Group, Inc.                                                | Mitsubishi Ufj Financial Group, Inc.                                                 | CUSIP: 606822DJ0<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   1390000 | PA      | $1413490.64   | 0.05%             | 2031-04-24      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                                                       | Citigroup Mortgage Loan Trust, Series 2006-AR1, Class 1A1                            | CUSIP: 17307G2Z0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    442251 | PA      | $422600.63    | 0.01%             | 2035-10-25      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| Berkshire Hathaway Finance Corp.                                                    | Berkshire Hathaway Finance Corp.                                                     | CUSIP: 084664CU3<br>LEI: 549300RLHFT5RU20WM87 | Long             | DBT              | CORP              | US        |    300000 | PA      | $270737.69    | 0.01%             | 2030-03-12      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                       | CUSIP: 172967PY1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3747000 | PA      | $3774953.11   | 0.12%             | 2028-05-07      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Reinsurance Group of America, Inc.                                                  | Reinsurance Group of America, Inc.                                                   | CUSIP: 759351AS8<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102636.58    | 0.00%             | 2034-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Energy Transfer L.P.                                                                | Energy Transfer L.P.                                                                 | CUSIP: 29273VBB5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    450000 | PA      | $432080.54    | 0.01%             | 2054-09-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd.                                                        | National Australia Bank Ltd.                                                         | CUSIP: 632525CF6<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |   2154000 | PA      | $2209247.24   | 0.07%             | 2036-01-14      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| Cousins Properties L.P.                                                             | Cousins Properties L.P.                                                              | CUSIP: 222793AB7<br>LEI: 254900ZQIHJ5FQH4C329 | Long             | DBT              | CORP              | US        |    412000 | PA      | $416079.22    | 0.01%             | 2032-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                                           | RTX Corp.                                                                            | CUSIP: 75513ECV1<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |     94000 | PA      | $100598.48    | 0.00%             | 2031-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                                                | American Express Co.                                                                 | CUSIP: 025816DT3<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    718000 | PA      | $723338.57    | 0.02%             | 2027-04-23      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust, Series 2024-10, Class A1                                   | CUSIP: 034933AA9<br>LEI: 254900QN92XYN8GJBJ44 | Long             | ABS-MBS          | CORP              | US        |   4740840 | PA      | $4718161.94   | 0.16%             | 2069-10-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc.                                                        | Honeywell International Inc.                                                         | CUSIP: 438516CQ7<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    465000 | PA      | $475143.31    | 0.02%             | 2029-09-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280DZ9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1173000 | PA      | $1187680.60   | 0.04%             | 2027-08-14      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| GCAT 2025-NQM4 Trust                                                                | GCAT 2025-NQM4 Trust, Series 2025-NQM4, Class A1A                                    | CUSIP: 367923AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5985000 | PA      | $5994047.52   | 0.20%             | 2070-06-25      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| BPCE S.A.                                                                           | BPCE S.A.                                                                            | CUSIP: 05571ABA2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   1174000 | PA      | $1235140.53   | 0.04%             | 2036-01-14      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate Mortgage Trust                                         | Bear Stearns Adjustable Rate Mortgage Trust, Series 2006-1, Class A1                 | CUSIP: 07387AGZ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    277030 | PA      | $263581.59    | 0.01%             | 2036-02-25      | Floating      | 0.65%                 | No            |                  2 | On Loan: No      |
| Genuine Parts Co.                                                                   | Genuine Parts Co.                                                                    | CUSIP: 372460AD7<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |    225000 | PA      | $250470.45    | 0.01%             | 2033-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 3136ASXP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    689912 | PA      | $91083.60     | 0.00%             | 2046-07-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                                                | American Express Co.                                                                 | CUSIP: 025816EF2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   3454000 | PA      | $3516596.91   | 0.12%             | 2031-04-25      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| Mars, Inc.                                                                          | Mars, Inc.                                                                           | CUSIP: 571676BD6<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    938000 | PA      | $929642.30    | 0.03%             | 2065-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Archer-Daniels-Midland Co.                                                          | Archer-Daniels-Midland Co.                                                           | CUSIP: 039482AB0<br>LEI: 549300LO13MQ9HYSTR83 | Long             | DBT              | CORP              | US        |    110000 | PA      | $104602.68    | 0.00%             | 2030-03-27      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co. L.P./ PTL Finance Corp.                                    | Penske Truck Leasing Co. L.P./ PTL Finance Corp.                                     | CUSIP: 709599BW3<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |    105000 | PA      | $109095.42    | 0.00%             | 2028-08-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172DQ9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1453000 | PA      | $1434731.65   | 0.05%             | 2034-11-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Amphenol Corp.                                                                      | Amphenol Corp.                                                                       | CUSIP: 032095AT8<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   5814000 | PA      | $5829239.42   | 0.19%             | 2028-06-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Aircastle Ltd. / Aircastle Ireland DAC                                              | Aircastle Ltd. / Aircastle Ireland DAC                                               | CUSIP: 00929JAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2076000 | PA      | $2073162.25   | 0.07%             | 2030-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                                                        | American Honda Finance Corp.                                                         | CUSIP: 02665WEZ0<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    249000 | PA      | $246144.64    | 0.01%             | 2034-01-10      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61747YFS9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    478000 | PA      | $486379.86    | 0.02%             | 2030-07-19      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| MPLX L.P.                                                                           | MPLX L.P.                                                                            | CUSIP: 55336VAL4<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    400000 | PA      | $347296.22    | 0.01%             | 2047-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc. Trust                                              | Residential Accredit Loans, Inc. Trust, Series 2006-QS13, Class 1A8                  | CUSIP: 75115DAH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     36612 | PA      | $28754.36     | 0.00%             | 2036-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| American Airlines Pass-Through Trust                                                | American Airlines Pass-Through Trust, Series A                                       | CUSIP: 02379KAA2<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |     60417 | PA      | $53440.22     | 0.00%             | 2034-07-11      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 313921SS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |         2 | PA      | $1.63         | 0.00%             | 2031-10-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial, Inc.                                                          | Corebridge Financial, Inc.                                                           | CUSIP: 21871XAS8<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    256000 | PA      | $265826.87    | 0.01%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 21H022689<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  70645000 | PA      | $59419572.37  | 1.96%             | 2055-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Apidos CLO XII                                                                      | Apidos CLO XII, Series 2013-12A, Class ARR                                           | CUSIP: 03764DAM3<br>LEI: 549300M5NMLBQJXUO195 | Long             | ABS-CBDO         | CORP              | KY        |   3211779 | PA      | $3214714.31   | 0.11%             | 2031-04-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Kenvue Inc.                                                                         | Kenvue Inc.                                                                          | CUSIP: 49177JAK8<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |     99000 | PA      | $100178.17    | 0.00%             | 2033-03-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                                                             | Flagstar Mortgage Trust, Series 2021-8INV, Class A6                                  | CUSIP: 33852HAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    981177 | PA      | $872980.35    | 0.03%             | 2051-09-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                                                          | Constellation Brands, Inc.                                                           | CUSIP: 21036PBS6<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    512000 | PA      | $514978.38    | 0.02%             | 2030-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AstraZeneca Finance LLC                                                             | AstraZeneca Finance LLC                                                              | CUSIP: 04636NAK9<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    438000 | PA      | $441982.52    | 0.01%             | 2027-02-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc.                                                        | Honeywell International Inc.                                                         | CUSIP: 438516CR5<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    575000 | PA      | $587113.55    | 0.02%             | 2031-09-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392BP83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     12897 | PA      | $1099.05      | 0.00%             | 2031-07-25      | Floating      | 3.29%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc.                                                                       | Broadcom Inc.                                                                        | CUSIP: 11135FBY6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    539000 | PA      | $552497.64    | 0.02%             | 2031-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                                                          | J.P. Morgan Mortgage Trust, Series 2024-VIS1, Class A1                               | CUSIP: 465970AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4291724 | PA      | $4313173.14   | 0.14%             | 2064-07-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| Comerica Inc.                                                                       | Comerica Inc.                                                                        | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |     85000 | PA      | $87419.15     | 0.00%             | 2030-01-30      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                                                          | J.P. Morgan Mortgage Trust, Series 2025-NQM3, Class A1                               | CUSIP: 46659QAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5905000 | PA      | $5916198.83   | 0.19%             | 2065-11-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172DE6<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    350000 | PA      | $364188.80    | 0.01%             | 2033-09-07      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BHP Billiton Finance (USA) Ltd.                                                     | BHP Billiton Finance (USA) Ltd.                                                      | CUSIP: 055451BC1<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |    274000 | PA      | $280264.47    | 0.01%             | 2028-09-08      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| AEP Transmission Co., LLC                                                           | AEP Transmission Co., LLC                                                            | CUSIP: 00115AAS8<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |    573000 | PA      | $582748.17    | 0.02%             | 2035-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Healthpeak OP, LLC                                                                  | Healthpeak OP, LLC                                                                   | CUSIP: 42250GAA1<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              | CORP              | US        |    425000 | PA      | $429029.34    | 0.01%             | 2035-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Invitation Homes 2024-SFR1 Trust                                                    | Invitation Homes 2024-SFR1 Trust, Series 2024-SFR1, Class A                          | CUSIP: 46188DAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1876785 | PA      | $1820225.52   | 0.06%             | 2041-09-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PacifiCorp                                                                          | PacifiCorp                                                                           | CUSIP: 695114DE5<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    133000 | PA      | $126612.10    | 0.00%             | 2055-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STRIPS                                                                  | Freddie Mac STRIPS, IO                                                               | CUSIP: 31325UPL4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    170101 | PA      | $4014.35      | 0.00%             | 2027-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                              | Standard Chartered PLC                                                               | CUSIP: 853254CC2<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   1468000 | PA      | $1292264.03   | 0.04%             | 2032-06-29      | Variable      | 2.68%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO Ltd.                                                        | Bain Capital Credit CLO Ltd., Series 2022-1A, Class A1                               | CUSIP: 05684UAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2354000 | PA      | $2357603.97   | 0.08%             | 2035-04-18      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| ERAC USA Finance LLC                                                                | ERAC USA Finance LLC                                                                 | CUSIP: 26884TAY8<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |    219000 | PA      | $223135.67    | 0.01%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association, TBA                                        | CUSIP: 21H040681<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    350000 | PA      | $322380.89    | 0.01%             | 2055-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc.                                                               | Keurig Dr Pepper Inc.                                                                | CUSIP: 49271VBA7<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   2602000 | PA      | $2602647.66   | 0.09%             | 2030-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                                      | Enterprise Fleet Financing LLC, Series 2024-4, Class A3                              | CUSIP: 29374MAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2160000 | PA      | $2169223.85   | 0.07%             | 2028-11-20      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| Rentokil Terminix Funding, LLC                                                      | Rentokil Terminix Funding, LLC                                                       | CUSIP: 760130AA2<br>LEI: 984500D5BAA7560EKJ44 | Long             | DBT              | CORP              | US        |   3896000 | PA      | $3914904.29   | 0.13%             | 2030-04-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                                | CUSIP: 06051GMT3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1977000 | PA      | $1985708.33   | 0.07%             | 2029-05-09      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| ERP Operating L.P.                                                                  | ERP Operating L.P.                                                                   | CUSIP: 26884ABQ5<br>LEI: DX5HQV5MLU50FEWZ5072 | Long             | DBT              | CORP              | US        |   1034000 | PA      | $1043139.42   | 0.03%             | 2032-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Oncor Electric Delivery Co. LLC                                                     | Oncor Electric Delivery Co. LLC                                                      | CUSIP: 68233JCF9<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    110000 | PA      | $106045.05    | 0.00%             | 2032-06-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Blackstone Secured Lending Fund                                                     | Blackstone Secured Lending Fund                                                      | CUSIP: 09261XAH5<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |    402000 | PA      | $409077.74    | 0.01%             | 2027-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Subway Funding LLC                                                                  | Subway Funding LLC, Series 2024-1A, Class A23                                        | CUSIP: 864300AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3895562 | PA      | $3970835.68   | 0.13%             | 2054-07-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FA2E9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    145647 | PA      | $21287.45     | 0.00%             | 2033-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Charles Schwab Corp. (The)                                                          | Charles Schwab Corp. (The), Series K                                                 | CUSIP: 808513CB9<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |     58000 | PA      | $57734.47     | 0.00%             | N/A             | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                                                        | BX Commercial Mortgage Trust, Series 2021-ACNT, Class A                              | CUSIP: 05609QAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1903203 | PA      | $1903777.01   | 0.06%             | 2038-11-15      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences, Inc.                                                               | Gilead Sciences, Inc.                                                                | CUSIP: 375558BZ5<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |     77000 | PA      | $79377.83     | 0.00%             | 2033-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Entergy Texas, Inc.                                                                 | Entergy Texas, Inc.                                                                  | CUSIP: 29365TAQ7<br>LEI: LWXX58X12AJXISQ28573 | Long             | DBT              | CORP              | US        |    755000 | PA      | $762884.34    | 0.03%             | 2035-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DTE Electric Co.                                                                    | DTE Electric Co.                                                                     | CUSIP: 23338VAV8<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    165000 | PA      | $168685.24    | 0.01%             | 2034-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Goldentree Loan Management US Clo 8 Ltd.                                            | Goldentree Loan Management US Clo 8 Ltd., Series 2020-8A, Class ARR                  | CUSIP: 38136NAY2<br>LEI: 549300LOEERRNVSKVY31 | Long             | ABS-CBDO         | CORP              | KY        |   3323000 | PA      | $3329164.17   | 0.11%             | 2034-10-20      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                         | AbbVie Inc.                                                                          | CUSIP: 00287YDX4<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    298000 | PA      | $287118.49    | 0.01%             | 2064-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Consolidated Edison Co. of New York, Inc.                                           | Consolidated Edison Co. of New York, Inc.                                            | CUSIP: 209111GF4<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    105000 | PA      | $109132.47    | 0.00%             | 2034-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Signal Peak CLO 1 Ltd.                                                              | Signal Peak CLO 1 Ltd., Series 2014-1A, Class AR4                                    | CUSIP: 82666TAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7532000 | PA      | $7541392.40   | 0.25%             | 2034-04-17      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                                                        | American Honda Finance Corp.                                                         | CUSIP: 02665WEB3<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    440000 | PA      | $408981.32    | 0.01%             | 2029-01-12      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Travelers Cos., Inc. (The)                                                          | Travelers Cos., Inc. (The)                                                           | CUSIP: 89417EAT6<br>LEI: 549300Y650407RU8B149 | Long             | DBT              | CORP              | US        |    825000 | PA      | $827372.79    | 0.03%             | 2035-07-24      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                                                     | BRAVO Residential Funding Trust, Series 2021-NQM2, Class A1                          | CUSIP: 10569EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    353048 | PA      | $342889.04    | 0.01%             | 2060-03-25      | Variable      | 0.97%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines, Inc.                                                               | Delta Air Lines, Inc.                                                                | CUSIP: 247361A24<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   7658000 | PA      | $7696757.14   | 0.25%             | 2028-07-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| RALI Trust                                                                          | RALI Trust, Series 2007-QS6, Class A28                                               | CUSIP: 75116CBD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    204122 | PA      | $166806.31    | 0.01%             | 2037-04-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance (USA) PLC                                                         | Rio Tinto Finance (USA) PLC                                                          | CUSIP: 76720AAR7<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    222000 | PA      | $223121.44    | 0.01%             | 2028-03-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fortitude Group Holdings, LLC                                                       | Fortitude Group Holdings, LLC                                                        | CUSIP: 34966XAA6<br>LEI: 2549006R9ZUL08JFIH12 | Long             | DBT              | CORP              | US        |    567000 | PA      | $581734.10    | 0.02%             | 2030-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| South Bow USA Infrastructure Holdings LLC                                           | South Bow USA Infrastructure Holdings LLC                                            | CUSIP: 83007CAC6<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    848000 | PA      | $847555.73    | 0.03%             | 2029-10-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| CenterPoint Energy Resources Corp.                                                  | CenterPoint Energy Resources Corp.                                                   | CUSIP: 15189YAF3<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |    440000 | PA      | $383258.47    | 0.01%             | 2030-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                                                                 | Kinder Morgan, Inc.                                                                  | CUSIP: 49456BBC4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    776000 | PA      | $801740.75    | 0.03%             | 2035-06-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| General Dynamics Corp.                                                              | General Dynamics Corp.                                                               | CUSIP: 369550BR8<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |   1037000 | PA      | $1039826.30   | 0.03%             | 2035-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Imperial Brands Finance PLC                                                         | Imperial Brands Finance PLC                                                          | CUSIP: 45262BAJ2<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   4182000 | PA      | $4174621.70   | 0.14%             | 2028-06-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                                                | American Express Co.                                                                 | CUSIP: 025816DU0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    646000 | PA      | $670162.42    | 0.02%             | 2030-04-25      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                                                | American Express Co.                                                                 | CUSIP: 025816CX5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    220000 | PA      | $220069.08    | 0.01%             | 2033-05-26      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                                               | Westpac Banking Corp.                                                                | CUSIP: 961214FW8<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    787000 | PA      | $794074.86    | 0.03%             | 2035-11-20      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| Mattel, Inc.                                                                        | Mattel, Inc.                                                                         | CUSIP: 577081AW2<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |    500000 | PA      | $453310.35    | 0.01%             | 2041-11-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                 | Fifth Third Bancorp                                                                  | CUSIP: 316773DK3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19972.35     | 0.00%             | 2029-07-27      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| PACCAR Financial Corp.                                                              | PACCAR Financial Corp.                                                               | CUSIP: 69371RT48<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |   1076000 | PA      | $1067504.22   | 0.04%             | 2029-09-26      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                   | Enterprise Products Operating LLC                                                    | CUSIP: 29379VCJ0<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   2271000 | PA      | $2269455.04   | 0.07%             | 2028-06-20      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Atmos Energy Corp.                                                                  | Atmos Energy Corp.                                                                   | CUSIP: 049560BA2<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |     58000 | PA      | $62288.38     | 0.00%             | 2053-11-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31402DPF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    144843 | PA      | $149448.44    | 0.00%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Siemens Funding B.V.                                                                | Siemens Funding B.V.                                                                 | CUSIP: 82622RAG1<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |    880000 | PA      | $920158.41    | 0.03%             | 2065-05-28      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172CP2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    200000 | PA      | $179446.90    | 0.01%             | 2030-05-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| SG Residential Mortgage Trust                                                       | SG Residential Mortgage Trust, Series 2022-1, Class A2                               | CUSIP: 78433QAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1535063 | PA      | $1392693.85   | 0.05%             | 2062-03-27      | Variable      | 3.58%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                                                 | CommonSpirit Health                                                                  | CUSIP: 20268JAS2<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    726000 | PA      | $730142.44    | 0.02%             | 2034-12-01      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392DCP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     10812 | PA      | $798.13       | 0.00%             | 2032-04-25      | Floating      | 2.54%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co. L.P./ PTL Finance Corp.                                    | Penske Truck Leasing Co. L.P./ PTL Finance Corp.                                     | CUSIP: 709599BU7<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |     48000 | PA      | $48346.99     | 0.00%             | 2026-05-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, N.A.                                                           | Morgan Stanley Bank, N.A.                                                            | CUSIP: 61690U4T4<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    840000 | PA      | $841842.36    | 0.03%             | 2026-04-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Element Fleet Management Corp.                                                      | Element Fleet Management Corp.                                                       | CUSIP: 286181AK8<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |    156000 | PA      | $163918.83    | 0.01%             | 2028-12-04      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| GSR Mortgage Loan Trust                                                             | GSR Mortgage Loan Trust, Series 2005-AR4, Class 6A1                                  | CUSIP: 362341FR5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     23716 | PA      | $22291.20     | 0.00%             | 2035-07-25      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                        | Barclays PLC                                                                         | CUSIP: 06738ECY9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    866000 | PA      | $884980.77    | 0.03%             | 2031-02-25      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31392ERP7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     29168 | PA      | $29463.88     | 0.00%             | 2032-07-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| B.A.T Capital Corp.                                                                 | B.A.T Capital Corp.                                                                  | CUSIP: 05526DBZ7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     68000 | PA      | $71652.00     | 0.00%             | 2034-02-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Leidos, Inc.                                                                        | Leidos, Inc.                                                                         | CUSIP: 52532XAJ4<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |     64000 | PA      | $66444.07     | 0.00%             | 2033-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | U.S. Treasury 10 Year Notes Future                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       940 | NC      | $582876.77    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell International LLC / EMC Corp.                                                  | Dell International LLC / EMC Corp.                                                   | CUSIP: 24703TAP1<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   3283000 | PA      | $3320702.92   | 0.11%             | 2035-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mid-America Apartments, L.P.                                                        | Mid-America Apartments, L.P.                                                         | CUSIP: 59523UAW7<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              | CORP              | US        |    750000 | PA      | $772047.39    | 0.03%             | 2032-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage L.P.                                                            | Extra Space Storage L.P.                                                             | CUSIP: 30225VAJ6<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |     32000 | PA      | $32903.26     | 0.00%             | 2028-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                                                 | Bank of New York Mellon Corp. (The)                                                  | CUSIP: 06406RCJ4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1463000 | PA      | $1491530.23   | 0.05%             | 2036-06-06      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| PacifiCorp                                                                          | PacifiCorp                                                                           | CUSIP: 695114DC9<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    192000 | PA      | $197177.86    | 0.01%             | 2031-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| NNN REIT, Inc.                                                                      | NNN REIT, Inc.                                                                       | CUSIP: 637417AS5<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |     61000 | PA      | $62989.63     | 0.00%             | 2033-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp.                                                                    | McDonald's Corp.                                                                     | CUSIP: 58013MFV1<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    217000 | PA      | $220322.32    | 0.01%             | 2033-08-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                                                        | BX Commercial Mortgage Trust, Series 2021-VOLT, Class B                              | CUSIP: 05609VAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3482937 | PA      | $3471194.39   | 0.11%             | 2036-09-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FAXN5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    203518 | PA      | $25097.63     | 0.00%             | 2033-02-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                                        | Pacific Gas and Electric Co.                                                         | CUSIP: 694308KK2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112898.75    | 0.00%             | 2053-04-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| BSTN Commercial Mortgage Trust 2025-1C                                              | BSTN Commercial Mortgage Trust 2025-1C, Series 2025-1C, Class A                      | CUSIP: 05615EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7127000 | PA      | $7234190.08   | 0.24%             | 2044-06-15      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                              | UBS AG                                                                               | CUSIP: 902674ZW3<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |    751000 | PA      | $779866.67    | 0.03%             | 2028-09-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                                                           | Corebridge Global Funding                                                            | CUSIP: 00138CAV0<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    149000 | PA      | $154734.10    | 0.01%             | 2028-09-19      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 91282CNK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  86282900 | PA      | $85986302.53  | 2.83%             | 2030-06-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AT&T Inc.                                                                           | AT&T Inc.                                                                            | CUSIP: 00206RMZ2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   3571000 | PA      | $3622950.02   | 0.12%             | 2056-08-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust                                                   | Chase Home Lending Mortgage Trust, Series 2019-ATR1, Class A1                        | CUSIP: 16158RAR7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     52237 | PA      | $49597.15     | 0.00%             | 2049-04-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                                                       | Netflix, Inc.                                                                        | CUSIP: 64110LBA3<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |     84000 | PA      | $82324.33     | 0.00%             | 2054-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association, ARM                                        | CUSIP: 36225CC87<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        71 | PA      | $70.63        | 0.00%             | 2027-07-20      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 3132DQKL9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6055025 | PA      | $6071760.87   | 0.20%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STRIPS                                                                  | Freddie Mac STRIPS, IO                                                               | CUSIP: 31282YW70<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     33442 | PA      | $3698.78      | 0.00%             | 2032-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                                    | CVS Health Corp.                                                                     | CUSIP: 126650EA4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     33000 | PA      | $31541.76     | 0.00%             | 2063-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BPCE S.A.                                                                           | BPCE S.A.                                                                            | CUSIP: 05571ABB0<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   1007000 | PA      | $1053893.15   | 0.03%             | 2046-01-14      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                                                         | United Parcel Service, Inc.                                                          | CUSIP: 911312CH7<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |   2070000 | PA      | $2088015.77   | 0.07%             | 2030-10-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                  | T-Mobile USA, Inc.                                                                   | CUSIP: 87264ACW3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62633.05     | 0.00%             | 2053-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Kimco Realty OP, LLC                                                                | Kimco Realty OP, LLC                                                                 | CUSIP: 49447BAB9<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              | CORP              | US        |    419000 | PA      | $409687.31    | 0.01%             | 2035-03-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                                        | Pacific Gas and Electric Co.                                                         | CUSIP: 694308KC0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    220000 | PA      | $209151.38    | 0.01%             | 2032-03-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Sempra                                                                              | Sempra                                                                               | CUSIP: 816851BS7<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    649000 | PA      | $656709.47    | 0.02%             | 2054-10-01      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Atmos Energy Corp.                                                                  | Atmos Energy Corp.                                                                   | CUSIP: 049560BC8<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |   4024000 | PA      | $4054820.30   | 0.13%             | 2035-08-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Energy Transfer L.P.                                                                | Energy Transfer L.P.                                                                 | CUSIP: 29273VAT7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     56000 | PA      | $60117.30     | 0.00%             | 2030-12-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31395MTC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     93886 | PA      | $5358.56      | 0.00%             | 2035-02-15      | Floating      | 2.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | U.S. Treasury 10 Year Ultra Future                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |     -2224 | NC      | $-2898443.15  | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp.                                                                         | Intel Corp.                                                                          | CUSIP: 458140BR0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    200000 | PA      | $192539.76    | 0.01%             | 2030-03-25      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                         | AbbVie Inc.                                                                          | CUSIP: 00287YDW6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    263000 | PA      | $253634.51    | 0.01%             | 2054-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Apidos CLO XXV                                                                      | Apidos CLO XXV, Series 2016-25A, Class A1R3                                          | CUSIP: 03762YBD8<br>LEI: 254900C9NN5XS59HZV73 | Long             | ABS-CBDO         | CORP              | KY        |   6073000 | PA      | $6059687.98   | 0.20%             | 2037-01-20      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PCR5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    220000 | PA      | $193472.24    | 0.01%             | 2032-11-08      | Variable      | 2.54%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392B3D6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     47050 | PA      | $4398.84      | 0.00%             | 2032-01-25      | Floating      | 2.79%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                       | Enbridge Inc.                                                                        | CUSIP: 29250NBR5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $77717.89     | 0.00%             | 2033-03-08      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Brixmor Operating Partnership L.P.                                                  | Brixmor Operating Partnership L.P.                                                   | CUSIP: 11120BAA5<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |    146000 | PA      | $149939.57    | 0.00%             | 2035-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Union Electric Co.                                                                  | Union Electric Co.                                                                   | CUSIP: 906548DA7<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1040610.69   | 0.03%             | 2035-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp.                                                               | Lockheed Martin Corp.                                                                | CUSIP: 539830CM9<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |   4647000 | PA      | $4648867.16   | 0.15%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duke Energy Carolinas, LLC                                                          | Duke Energy Carolinas, LLC                                                           | CUSIP: 26442CBQ6<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |   1151000 | PA      | $1175655.44   | 0.04%             | 2035-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Goldentree Loan Management US CLO 5 Ltd.                                            | Goldentree Loan Management US CLO 5 Ltd., Series 2019-5A, Class ARR                  | CUSIP: 38138DAY2<br>LEI: 549300O473GD3F35WC55 | Long             | ABS-CBDO         | CORP              | US        |   1618128 | PA      | $1619707.46   | 0.05%             | 2032-10-20      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                               | Foundry JV Holdco LLC                                                                | CUSIP: 350930AB9<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   1188000 | PA      | $1239815.68   | 0.04%             | 2030-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | U.S. Treasury 5 Year Notes Future                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       125 | NC      | $-62416.58    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                                               | NextEra Energy Capital Holdings, Inc.                                                | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   6427000 | PA      | $6460408.19   | 0.21%             | 2027-09-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Alternative Loan Trust                                                              | Alternative Loan Trust, Series 2005-21CB, Class A7                                   | CUSIP: 12667GKG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    428747 | PA      | $319925.16    | 0.01%             | 2035-06-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                                            | PNC Financial Services Group, Inc. (The)                                             | CUSIP: 693475CD5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   3792000 | PA      | $3835009.21   | 0.13%             | 2031-05-13      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| Stryker Corp.                                                                       | Stryker Corp.                                                                        | CUSIP: 863667BJ9<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1093719.06   | 0.04%             | 2027-02-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                                                         | ONEOK, Inc.                                                                          | CUSIP: 682680CF8<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    300000 | PA      | $275788.53    | 0.01%             | 2054-11-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61747YFH3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    156000 | PA      | $164680.64    | 0.01%             | 2029-11-01      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| San Diego Gas & Electric Co.                                                        | San Diego Gas & Electric Co.                                                         | CUSIP: 797440CD4<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |     87000 | PA      | $81030.07     | 0.00%             | 2053-04-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Buckhorn Park CLO Ltd.                                                              | Buckhorn Park CLO Ltd., Series 2019-1A, Class ARR                                    | CUSIP: 118382BA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2250000 | PA      | $2247567.75   | 0.07%             | 2034-07-18      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172DP1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    895000 | PA      | $896336.92    | 0.03%             | 2031-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                                                         | United Parcel Service, Inc.                                                          | CUSIP: 911312CL8<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |   1720000 | PA      | $1752766.00   | 0.06%             | 2065-05-14      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Entergy Louisiana, LLC                                                              | Entergy Louisiana, LLC                                                               | CUSIP: 29364WBQ0<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    548000 | PA      | $547131.16    | 0.02%             | 2055-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Goodman US Finance Six, LLC                                                         | Goodman US Finance Six, LLC                                                          | CUSIP: 38239EAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    156000 | PA      | $154859.86    | 0.01%             | 2034-10-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                        | UBS Group AG                                                                         | CUSIP: 902613BJ6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    749000 | PA      | $768098.00    | 0.03%             | 2030-02-08      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| Shackleton 2015-VII-R CLO, Ltd.                                                     | Shackleton 2015-VII-R CLO, Ltd., Series 2015-7RA, Class ARR                          | CUSIP: 81883AAS8<br>LEI: 549300NCJRO2LKFZ8G86 | Long             | ABS-CBDO         | CORP              | KY        |   1155494 | PA      | $1155148.88   | 0.04%             | 2031-07-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp.                                                                   | Duke Energy Corp.                                                                    | CUSIP: 26441CBU8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |     29000 | PA      | $25325.54     | 0.00%             | 2052-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                                        | Pacific Gas and Electric Co.                                                         | CUSIP: 694308KL0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113800.31    | 0.00%             | 2029-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                       | CUSIP: 172967PG0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    486000 | PA      | $494417.02    | 0.02%             | 2035-02-13      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 21H060689<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    500000 | PA      | $506855.24    | 0.02%             | 2055-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Honda Motor Co., Ltd.                                                               | Honda Motor Co., Ltd.                                                                | CUSIP: 438127AD4<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | DBT              | CORP              | JP        |  13284000 | PA      | $13265978.79  | 0.44%             | 2028-07-08      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                                                           | Williams Cos., Inc. (The)                                                            | CUSIP: 969457CL2<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    643000 | PA      | $648249.03    | 0.02%             | 2029-11-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Pinnacle West Capital Corp.                                                         | Pinnacle West Capital Corp.                                                          | CUSIP: 723484AN1<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |    970000 | PA      | $989375.17    | 0.03%             | 2030-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Pinnacle West Capital Corp.                                                         | Pinnacle West Capital Corp.                                                          | CUSIP: 723484AM3<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |    395000 | PA      | $398691.86    | 0.01%             | 2028-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co., Inc.                                                   | American Electric Power Co., Inc.                                                    | CUSIP: 025537AV3<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |     48000 | PA      | $49266.06     | 0.00%             | 2027-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pikes Peak CLO 6                                                                    | Pikes Peak CLO 6, Series 2020-6A, Class ARR                                          | CUSIP: 72132YAY1<br>LEI: 635400BKNXKWEO3G2J74 | Long             | ABS-CBDO         | CORP              | KY        |   5390000 | PA      | $5391352.89   | 0.18%             | 2034-05-18      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FCHZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     62969 | PA      | $8727.00      | 0.00%             | 2034-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AstraZeneca Finance LLC                                                             | AstraZeneca Finance LLC                                                              | CUSIP: 04636NAL7<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    240000 | PA      | $244392.86    | 0.01%             | 2029-02-26      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                                           | Toyota Motor Credit Corp.                                                            | CUSIP: 89236TKQ7<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55490.39     | 0.00%             | 2028-01-12      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                                    | Boeing Co. (The)                                                                     | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    729000 | PA      | $793744.36    | 0.03%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                                                 | GS Mortgage-Backed Securities Trust, Series 2025-PJ4, Class A4                       | CUSIP: 36271WAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    463518 | PA      | $467016.37    | 0.02%             | 2055-09-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Intel Corp.                                                                         | Intel Corp.                                                                          | CUSIP: 458140BY5<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98553.11     | 0.00%             | 2027-08-05      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Credit Suisse (USA) LLC                                                             | Credit Suisse (USA) LLC                                                              | CUSIP: 22541LAE3<br>LEI: EXD7DEVFDH4HOFFQ7349 | Long             | DBT              | CORP              | US        |    200000 | PA      | $227110.87    | 0.01%             | 2032-07-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STRIPS                                                                  | Freddie Mac STRIPS, IO                                                               | CUSIP: 31282YB40<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     14346 | PA      | $545.94       | 0.00%             | 2027-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Meta Platforms, Inc.                                                                | Meta Platforms, Inc.                                                                 | CUSIP: 30303M8W5<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   1226000 | PA      | $1190367.00   | 0.04%             | 2064-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Owens Corning                                                                       | Owens Corning                                                                        | CUSIP: 690742AQ4<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |    700000 | PA      | $705647.19    | 0.02%             | 2054-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| McKesson Corp.                                                                      | McKesson Corp.                                                                       | CUSIP: 581557BW4<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |   4753000 | PA      | $4782399.97   | 0.16%             | 2030-05-30      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.                                  | National Rural Utilities Cooperative Finance Corp.                                   | CUSIP: 637432PA7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |     26000 | PA      | $27560.32     | 0.00%             | 2033-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Element Fleet Management Corp.                                                      | Element Fleet Management Corp.                                                       | CUSIP: 286181AP7<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   1888000 | PA      | $1905132.71   | 0.06%             | 2030-03-25      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PEC6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     91000 | PA      | $93072.47     | 0.00%             | 2035-01-23      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61747YFR1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    337000 | PA      | $353383.23    | 0.01%             | 2035-04-19      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners, L.P.                                                      | Cheniere Energy Partners, L.P.                                                       | CUSIP: 16411QAQ4<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |     97000 | PA      | $101305.78    | 0.00%             | 2033-06-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280EC9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    625000 | PA      | $698820.77    | 0.02%             | 2034-11-13      | Variable      | 7.40%                 | No            |                  2 | On Loan: No      |
| Roper Technologies, Inc.                                                            | Roper Technologies, Inc.                                                             | CUSIP: 776696AH9<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    212000 | PA      | $211183.84    | 0.01%             | 2032-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Sysco Corp.                                                                         | Sysco Corp.                                                                          | CUSIP: 871829BU0<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    679000 | PA      | $693648.43    | 0.02%             | 2030-09-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Brunswick Corp.                                                                     | Brunswick Corp.                                                                      | CUSIP: 117043AW9<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | DBT              | CORP              | US        |    179000 | PA      | $184044.47    | 0.01%             | 2029-03-18      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| America Movil, S.A.B. de C.V.                                                       | America Movil, S.A.B. de C.V.                                                        | CUSIP: 02364WAW5<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    220000 | PA      | $229194.33    | 0.01%             | 2040-03-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 31283HB38<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1992 | PA      | $2057.03      | 0.00%             | 2028-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Prudential Financial, Inc.                                                          | Prudential Financial, Inc.                                                           | CUSIP: 74432QCK9<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   2268000 | PA      | $2285869.78   | 0.08%             | 2035-03-14      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Energy Transfer L.P.                                                                | Energy Transfer L.P.                                                                 | CUSIP: 29273VAW0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    131000 | PA      | $123907.67    | 0.00%             | 2054-05-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Sherwin-Williams Co. (The)                                                          | Sherwin-Williams Co. (The)                                                           | CUSIP: 824348BU9<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   7768000 | PA      | $7755792.74   | 0.26%             | 2028-08-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| NNN REIT, Inc.                                                                      | NNN REIT, Inc.                                                                       | CUSIP: 637417AT3<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |    183000 | PA      | $186681.50    | 0.01%             | 2034-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TierPoint Issuer LLC                                                                | TierPoint Issuer LLC, Series 2025-2A, Class A2                                       | CUSIP: 88651CAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5131000 | PA      | $5124254.79   | 0.17%             | 2055-04-26      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Lowe`s Cos., Inc.                                                                   | Lowe`s Cos., Inc.                                                                    | CUSIP: 548661ES2<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    143000 | PA      | $138222.03    | 0.00%             | 2063-04-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| NiSource Inc.                                                                       | NiSource Inc.                                                                        | CUSIP: 65473PAQ8<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    657000 | PA      | $667668.96    | 0.02%             | 2034-04-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31395DUN7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     71230 | PA      | $81978.62     | 0.00%             | 2036-06-25      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31394KL51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    133669 | PA      | $8568.60      | 0.00%             | 2033-10-15      | Floating      | 2.60%                 | No            |                  2 | On Loan: No      |
| Mars, Inc.                                                                          | Mars, Inc.                                                                           | CUSIP: 571676AT2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    153000 | PA      | $153842.25    | 0.01%             | 2028-04-20      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Generation, LLC                                                | Constellation Energy Generation, LLC                                                 | CUSIP: 210385AF7<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    210000 | PA      | $206287.82    | 0.01%             | 2054-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Providence St. Joseph Health Obligated Group                                        | Providence St. Joseph Health Obligated Group, Series 21A                             | CUSIP: 743820AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $94932.69     | 0.00%             | 2051-10-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Credit Agricole S.A.                                                                | Credit Agricole S.A.                                                                 | CUSIP: 22535WAR8<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   2610000 | PA      | $2653993.04   | 0.09%             | 2031-05-27      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Ingersoll Rand Inc.                                                                 | Ingersoll Rand Inc.                                                                  | CUSIP: 45687VAA4<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |     31000 | PA      | $31802.79     | 0.00%             | 2028-08-14      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MetLife, Inc.                                                                       | MetLife, Inc.                                                                        | CUSIP: 59156RCD8<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |     80000 | PA      | $75070.03     | 0.00%             | 2054-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                                    | CVS Health Corp.                                                                     | CUSIP: 126650DJ6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    110000 | PA      | $105424.36    | 0.00%             | 2030-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 91282CAE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4244433.60   | 0.14%             | 2030-08-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Southern Co. Gas Capital Corp.                                                      | Southern Co. Gas Capital Corp.                                                       | CUSIP: 8426EPAG3<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |     63000 | PA      | $65931.98     | 0.00%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Expedia Group, Inc.                                                                 | Expedia Group, Inc.                                                                  | CUSIP: 30212PBL8<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | DBT              | CORP              | US        |   1116000 | PA      | $1124696.12   | 0.04%             | 2035-02-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Piedmont Healthcare, Inc.                                                           | Piedmont Healthcare, Inc.                                                            | CUSIP: 72014TAE9<br>LEI: 254900D1I6W7J0DSAY11 | Long             | DBT              | CORP              | US        |    107000 | PA      | $66379.32     | 0.00%             | 2052-01-01      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| MidAmerican Energy Co.                                                              | MidAmerican Energy Co.                                                               | CUSIP: 595620AZ8<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    156000 | PA      | $147865.08    | 0.00%             | 2055-02-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                                                 | Starwood Mortgage Residential Trust, Series 2021-6, Class A1                         | CUSIP: 85573RAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3525216 | PA      | $3098151.99   | 0.10%             | 2066-11-25      | Variable      | 1.92%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                         | Verizon Communications Inc.                                                          | CUSIP: 92343VGZ1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2398000 | PA      | $2408538.03   | 0.08%             | 2035-04-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| 200 Park Funding Trust                                                              | 200 Park Funding Trust                                                               | CUSIP: 901928AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1084000 | PA      | $1067316.47   | 0.04%             | 2055-02-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                                            | PNC Financial Services Group, Inc. (The)                                             | CUSIP: 693475BR5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154691.55    | 0.01%             | 2029-06-12      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank, Ltd.                                                    | Sumitomo Mitsui Trust Bank, Ltd.                                                     | CUSIP: 86563VBM0<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   1038000 | PA      | $1073446.86   | 0.04%             | 2028-09-14      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Dell Inc.                                                                           | Dell Inc.                                                                            | CUSIP: 24702RAF8<br>LEI: 3E70L4WYANTIWWIPHC81 | Long             | DBT              | CORP              | US        |    200000 | PA      | $214629.60    | 0.01%             | 2038-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                      | CUSIP: 38141GYK4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    100000 | PA      | $71487.10     | 0.00%             | 2042-07-21      | Variable      | 2.91%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                                           | Toyota Motor Credit Corp.                                                            | CUSIP: 89236TLD5<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    440000 | PA      | $446148.71    | 0.01%             | 2026-11-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 313398CR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     22616 | PA      | $22749.81     | 0.00%             | 2031-07-15      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| Prologis, L.P.                                                                      | Prologis, L.P.                                                                       | CUSIP: 74340XCE9<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |    118000 | PA      | $117310.46    | 0.00%             | 2033-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fiserv, Inc.                                                                        | Fiserv, Inc.                                                                         | CUSIP: 337738BH0<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    179000 | PA      | $184513.97    | 0.01%             | 2033-08-21      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Truist Bank                                                                         | Truist Bank                                                                          | CUSIP: 89788JAF6<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   6097000 | PA      | $6089169.68   | 0.20%             | 2028-07-24      | Variable      | 4.42%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                 | New Residential Mortgage Loan Trust, Series 2025-NQM2, Class A1                      | CUSIP: 64831XAC2<br>LEI: 2138006ZAYPD4ZHQYX81 | Long             | ABS-MBS          | CORP              | US        |   5544229 | PA      | $5567363.42   | 0.18%             | 2065-04-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent, L.P.                                                         | American Homes 4 Rent, L.P.                                                          | CUSIP: 02666TAJ6<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |    377000 | PA      | $374419.75    | 0.01%             | 2035-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                                                            | Bristol-Myers Squibb Co.                                                             | CUSIP: 110122EE4<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121252.32    | 0.00%             | 2027-02-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                                                         | Toronto-Dominion Bank (The)                                                          | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    901000 | PA      | $951985.79    | 0.03%             | 2082-10-31      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| Stryker Corp.                                                                       | Stryker Corp.                                                                        | CUSIP: 863667AQ4<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197055.07    | 0.01%             | 2028-03-07      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Rentokil Terminix Funding, LLC                                                      | Rentokil Terminix Funding, LLC                                                       | CUSIP: 760130AB0<br>LEI: 984500D5BAA7560EKJ44 | Long             | DBT              | CORP              | US        |   2425000 | PA      | $2456897.65   | 0.08%             | 2035-04-28      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                    | Paramount Global                                                                     | CUSIP: 92556HAC1<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    356000 | PA      | $274968.21    | 0.01%             | 2050-05-19      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Lowe's Cos., Inc.                                                                   | Lowe's Cos., Inc.                                                                    | CUSIP: 548661EN3<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5783.94      | 0.00%             | 2062-09-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC                                             | Daimler Truck Finance North America LLC                                              | CUSIP: 233853AV2<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    917000 | PA      | $923816.52    | 0.03%             | 2027-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oncor Electric Delivery Co. LLC                                                     | Oncor Electric Delivery Co. LLC                                                      | CUSIP: 68233JCY8<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |   2068000 | PA      | $2074176.97   | 0.07%             | 2027-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mitsubishi Corp.                                                                    | Mitsubishi Corp.                                                                     | CUSIP: 606769AK3<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | DBT              | CORP              | JP        |    944000 | PA      | $959786.99    | 0.03%             | 2034-07-17      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Northwest Pipeline LLC                                                              | Northwest Pipeline LLC                                                               | CUSIP: 66775VAB1<br>LEI: 549300FFKMN9OW536A14 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198275.64    | 0.01%             | 2027-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LPL Holdings, Inc.                                                                  | LPL Holdings, Inc.                                                                   | CUSIP: 50212YAL8<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1661000 | PA      | $1681962.80   | 0.06%             | 2030-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                                                           | OBX Trust, Series 2022-NQM1, Class A1                                                | CUSIP: 67114VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2557192 | PA      | $2273953.51   | 0.07%             | 2061-11-25      | Variable      | 2.31%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                                                         | Toronto-Dominion Bank (The)                                                          | CUSIP: 89114TZQ8<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $174854.96    | 0.01%             | 2032-01-12      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                        | Barclays PLC                                                                         | CUSIP: 06738ECE3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $227368.38    | 0.01%             | 2033-11-02      | Variable      | 7.44%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                                                  | Uniform Mortgage-Backed Securities, TBA                                              | CUSIP: 01F030488<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    300000 | PA      | $284133.18    | 0.01%             | 2040-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| McKesson Corp.                                                                      | McKesson Corp.                                                                       | CUSIP: 581557BV6<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |    430000 | PA      | $428417.56    | 0.01%             | 2029-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Home Depot, Inc. (The)                                                              | Home Depot, Inc. (The)                                                               | CUSIP: 437076CW0<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    265000 | PA      | $271127.99    | 0.01%             | 2029-04-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Takeda U.S. Financing, Inc.                                                         | Takeda U.S. Financing, Inc.                                                          | CUSIP: 87406BAA0<br>LEI: 254900ZGPIBGBZ2N3A33 | Long             | DBT              | CORP              | US        |   4270000 | PA      | $4255614.88   | 0.14%             | 2035-07-07      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                             | CarMax Auto Owner Trust, Series 2024-1, Class A3                                     | CUSIP: 14318WAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5840000 | PA      | $5870182.29   | 0.19%             | 2028-10-16      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Americold Realty Operating Partnership, L.P.                                        | Americold Realty Operating Partnership, L.P.                                         | CUSIP: 03063UAB7<br>LEI: 549300FKD9KVWNHSUU79 | Long             | DBT              | CORP              | US        |   1536000 | PA      | $1538414.55   | 0.05%             | 2032-05-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                            | HCA Inc.                                                                             | CUSIP: 404119CH0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    110000 | PA      | $107574.84    | 0.00%             | 2027-03-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PDK9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     57000 | PA      | $59416.72     | 0.00%             | 2033-09-14      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                                                | American Express Co.                                                                 | CUSIP: 025816EJ4<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   5405000 | PA      | $5395106.04   | 0.18%             | 2029-07-20      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| Siemens Funding B.V.                                                                | Siemens Funding B.V.                                                                 | CUSIP: 82622RAC0<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |   1589000 | PA      | $1605533.34   | 0.05%             | 2030-05-28      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Dollar General Corp.                                                                | Dollar General Corp.                                                                 | CUSIP: 256677AM7<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |     32000 | PA      | $29586.62     | 0.00%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VICI Properties L.P.                                                                | VICI Properties L.P.                                                                 | CUSIP: 925650AG8<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |     94000 | PA      | $92201.13     | 0.00%             | 2054-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                    | Paramount Global                                                                     | CUSIP: 92553PAU6<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    356000 | PA      | $316239.23    | 0.01%             | 2043-09-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172DH9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153229.64    | 0.01%             | 2031-02-13      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Citadel Securities Global Holdings LLC                                              | Citadel Securities Global Holdings LLC                                               | CUSIP: 17289RAB2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |    871000 | PA      | $888694.50    | 0.03%             | 2035-06-18      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Global Funding                                                  | Northwestern Mutual Global Funding                                                   | CUSIP: 66815L2R9<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |    563000 | PA      | $569544.24    | 0.02%             | 2027-03-25      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Energy Transfer L.P.                                                                | Energy Transfer L.P.                                                                 | CUSIP: 29273VAY6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    165000 | PA      | $166517.69    | 0.01%             | 2034-05-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                          | Amgen Inc.                                                                           | CUSIP: 031162DQ0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     41000 | PA      | $42133.76     | 0.00%             | 2030-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Citadel L.P.                                                                        | Citadel L.P.                                                                         | CUSIP: 17288XAD6<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |    196000 | PA      | $202106.95    | 0.01%             | 2030-01-23      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Mitsubishi Ufj Financial Group, Inc.                                                | Mitsubishi Ufj Financial Group, Inc.                                                 | CUSIP: 606822CL6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    699000 | PA      | $705777.97    | 0.02%             | 2028-07-20      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                                                           | Williams Cos., Inc. (The)                                                            | CUSIP: 969457CN8<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    277000 | PA      | $269384.39    | 0.01%             | 2054-11-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                                        | GS Mortgage Securities Trust, Series 2020-GC47, Class A5                             | CUSIP: 36258RBA0<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-MBS          | CORP              | US        |   3780000 | PA      | $3399400.87   | 0.11%             | 2053-05-12      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                                           | RTX Corp.                                                                            | CUSIP: 75513ECR0<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    102000 | PA      | $104180.87    | 0.00%             | 2033-02-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC                                             | Daimler Truck Finance North America LLC                                              | CUSIP: 233853AW0<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    675000 | PA      | $678737.64    | 0.02%             | 2034-01-18      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MPLX L.P.                                                                           | MPLX L.P.                                                                            | CUSIP: 55336VBT6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     31000 | PA      | $25617.19     | 0.00%             | 2052-03-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CLI Funding IX LLC                                                                  | CLI Funding IX LLC, Series 2025-1A, Class A                                          | CUSIP: 12571WAG8<br>LEI: 2549008S2Z91ASJFZL83 | Long             | ABS-O            | CORP              | US        |   1984482 | PA      | $1992795.89   | 0.07%             | 2050-06-20      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                                                        | Marriott International, Inc.                                                         | CUSIP: 571903BR3<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    627000 | PA      | $631306.22    | 0.02%             | 2030-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Rollins, Inc.                                                                       | Rollins, Inc.                                                                        | CUSIP: 775711AC8<br>LEI: 549300F2A0BXT4SGWD84 | Long             | DBT              | CORP              | US        |    586000 | PA      | $585771.98    | 0.02%             | 2035-02-24      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Continental Resources, Inc.                                                         | Continental Resources, Inc.                                                          | CUSIP: 212015AQ4<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |    100000 | PA      | $78555.13     | 0.00%             | 2044-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Amphenol Corp.                                                                      | Amphenol Corp.                                                                       | CUSIP: 032095AS0<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    287000 | PA      | $279012.56    | 0.01%             | 2054-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank, Ltd.                                                    | Sumitomo Mitsui Trust Bank, Ltd.                                                     | CUSIP: 86563VBP3<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    934000 | PA      | $945580.83    | 0.03%             | 2027-03-07      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Stryker Corp.                                                                       | Stryker Corp.                                                                        | CUSIP: 863667BL4<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |   1438000 | PA      | $1462533.73   | 0.05%             | 2030-02-10      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                             | UnitedHealth Group Inc.                                                              | CUSIP: 91324PFL1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    184000 | PA      | $175398.58    | 0.01%             | 2054-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392GDW2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     40051 | PA      | $3410.97      | 0.00%             | 2032-09-25      | Floating      | 2.54%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc.                                                        | Honeywell International Inc.                                                         | CUSIP: 438516CK0<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |      7000 | PA      | $7097.62      | 0.00%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.                                  | National Rural Utilities Cooperative Finance Corp.                                   | CUSIP: 63743HFT4<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   1838000 | PA      | $1832372.30   | 0.06%             | 2027-09-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc / SkyMiles IP Ltd.                                              | Delta Air Lines Inc / SkyMiles IP Ltd.                                               | CUSIP: 830867AB3<br>LEI: 2549008L7P4I8VB90936 | Long             | DBT              | CORP              | US        |    147205 | PA      | $147341.85    | 0.00%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STRIPS                                                                  | Freddie Mac STRIPS, IO                                                               | CUSIP: 31282YCV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     10349 | PA      | $1059.84      | 0.00%             | 2029-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Banco Santander S.A.                                                                | Banco Santander S.A.                                                                 | CUSIP: 05964HAF2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $196504.36    | 0.01%             | 2028-02-23      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                                               | Athene Global Funding                                                                | CUSIP: 04685A3T6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    492000 | PA      | $499030.85    | 0.02%             | 2027-03-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                                                            | John Deere Capital Corp.                                                             | CUSIP: 24422EWZ8<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    211000 | PA      | $213861.33    | 0.01%             | 2030-06-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Prologis, L.P.                                                                      | Prologis, L.P.                                                                       | CUSIP: 74340XCN9<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |    574000 | PA      | $572948.39    | 0.02%             | 2035-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46625HRX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108297.98    | 0.00%             | 2027-12-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Honda Motor Co., Ltd.                                                               | Honda Motor Co., Ltd.                                                                | CUSIP: 438127AE2<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | DBT              | CORP              | JP        |   7422000 | PA      | $7429318.31   | 0.24%             | 2030-07-08      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| Omega Healthcare Investors, Inc.                                                    | Omega Healthcare Investors, Inc.                                                     | CUSIP: 681936BP4<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |   2541000 | PA      | $2550362.47   | 0.08%             | 2030-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 3133KRMY7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11619502 | PA      | $11647213.65  | 0.38%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United Airlines Pass-Through Trust                                                  | United Airlines Pass-Through Trust, Series 20-1                                      | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     66011 | PA      | $67324.67     | 0.00%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280EW5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2936000 | PA      | $2990511.48   | 0.10%             | 2031-05-13      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| PepsiCo, Inc.                                                                       | PepsiCo, Inc.                                                                        | CUSIP: 713448GJ1<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   2666000 | PA      | $2664991.85   | 0.09%             | 2032-07-23      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 912810SZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1400000 | PA      | $795539.07    | 0.03%             | 2051-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                             | Hyundai Capital America                                                              | CUSIP: 44891ACT2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    596000 | PA      | $601295.64    | 0.02%             | 2027-01-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Comcast Corp.                                                                       | Comcast Corp.                                                                        | CUSIP: 20030NEQ0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   3349000 | PA      | $3393307.07   | 0.11%             | 2055-05-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31359UZG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     18400 | PA      | $18587.27     | 0.00%             | 2028-10-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PacifiCorp                                                                          | PacifiCorp                                                                           | CUSIP: 695114DB1<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    231000 | PA      | $234977.82    | 0.01%             | 2029-02-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392BYW0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     17905 | PA      | $1644.07      | 0.00%             | 2032-02-25      | Floating      | 3.29%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 3133TTX30<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     12136 | PA      | $12564.49     | 0.00%             | 2031-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Imperial Brands Finance PLC                                                         | Imperial Brands Finance PLC                                                          | CUSIP: 45262BAL7<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   2604000 | PA      | $2629551.41   | 0.09%             | 2055-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                                                       | Citigroup Mortgage Loan Trust, Series 2021-INV3, Class A3                            | CUSIP: 17329VBA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3146355 | PA      | $2538959.46   | 0.08%             | 2051-05-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co., Series NN                                                      | CUSIP: 48128BAQ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    292000 | PA      | $305920.52    | 0.01%             | N/A             | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Zaxbys Funding LLC                                                                  | Zaxbys Funding LLC, Series 2024-1A, Class A2I                                        | CUSIP: 98920MAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2564100 | PA      | $2606408.68   | 0.09%             | 2054-04-30      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                                                  | Ellington Financial Mortgage Trust, Series 2020-1, Class A1                          | CUSIP: 31574PAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25280 | PA      | $25119.24     | 0.00%             | 2065-05-25      | Variable      | 2.01%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp.                                                                    | McDonald's Corp.                                                                     | CUSIP: 58013MFU3<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    370000 | PA      | $375442.16    | 0.01%             | 2028-08-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Sherwin-Williams Co. (The)                                                          | Sherwin-Williams Co. (The)                                                           | CUSIP: 824348BW5<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   2947000 | PA      | $2941835.65   | 0.10%             | 2035-08-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance, LLC                                            | Volkswagen Group of America Finance, LLC                                             | CUSIP: 928668CH3<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    730000 | PA      | $732945.22    | 0.02%             | 2034-03-22      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Genuine Parts Co.                                                                   | Genuine Parts Co.                                                                    | CUSIP: 372460AE5<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |    126000 | PA      | $133327.89    | 0.00%             | 2028-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| McKesson Corp.                                                                      | McKesson Corp.                                                                       | CUSIP: 581557BX2<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |   2860000 | PA      | $2884744.18   | 0.10%             | 2032-05-30      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Mitsubishi Ufj Financial Group, Inc.                                                | Mitsubishi Ufj Financial Group, Inc.                                                 | CUSIP: 606822DK7<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   1846000 | PA      | $1885681.84   | 0.06%             | 2031-04-24      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| Georgia Power Co.                                                                   | Georgia Power Co.                                                                    | CUSIP: 373334KT7<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |     64000 | PA      | $64328.97     | 0.00%             | 2033-05-17      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PepsiCo, Inc.                                                                       | PepsiCo, Inc.                                                                        | CUSIP: 713448GC6<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    975000 | PA      | $984761.88    | 0.03%             | 2035-02-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Novartis Capital Corp.                                                              | Novartis Capital Corp.                                                               | CUSIP: 66989HAV0<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1094478.71   | 0.04%             | 2034-09-18      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Consolidated Edison Co. of New York, Inc.                                           | Consolidated Edison Co. of New York, Inc.                                            | CUSIP: 209111GG2<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    123000 | PA      | $125393.32    | 0.00%             | 2053-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Merck & Co., Inc.                                                                   | Merck & Co., Inc.                                                                    | CUSIP: 58933YBL8<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    178000 | PA      | $165126.18    | 0.01%             | 2044-05-17      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61747YFF7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     59000 | PA      | $60571.54     | 0.00%             | 2029-07-20      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| Symphony CLO XXII Ltd.                                                              | Symphony CLO XXII Ltd., Series 2020-22A, Class A1AR                                  | CUSIP: 87167GCH1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3007895 | PA      | $3008839.30   | 0.10%             | 2033-04-18      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                                                         | United Parcel Service, Inc.                                                          | CUSIP: 911312CF1<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    240000 | PA      | $228623.51    | 0.01%             | 2064-05-22      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| PacifiCorp                                                                          | PacifiCorp                                                                           | CUSIP: 695114DD7<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    217000 | PA      | $218902.85    | 0.01%             | 2034-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd.                                                                        | OCP CLO Ltd., Series 2020-8RA, Class AR                                              | CUSIP: 670898AQ8<br>LEI: 254900K70GBA8CMARX66 | Long             | ABS-CBDO         | CORP              | KY        |  10099000 | PA      | $10093960.60  | 0.33%             | 2036-10-17      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy, Inc.                                                            | Diamondback Energy, Inc.                                                             | CUSIP: 25278XAY5<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    369000 | PA      | $375855.99    | 0.01%             | 2030-01-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Canadian Pacific Railway Co.                                                        | Canadian Pacific Railway Co.                                                         | CUSIP: 13645RBK9<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    870000 | PA      | $881108.11    | 0.03%             | 2035-03-30      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                                                 | CommonSpirit Health                                                                  | CUSIP: 20268JAF0<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    200000 | PA      | $182548.63    | 0.01%             | 2030-10-01      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                             | Hyundai Capital America                                                              | CUSIP: 44891ADL8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2718000 | PA      | $2736322.12   | 0.09%             | 2028-01-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Molex Electronic Technologies, LLC                                                  | Molex Electronic Technologies, LLC                                                   | CUSIP: 60856BAE4<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |   1592000 | PA      | $1593986.23   | 0.05%             | 2028-04-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                        | UBS Group AG                                                                         | CUSIP: 902613AU2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    626000 | PA      | $628659.37    | 0.02%             | 2027-01-12      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| AT&T Inc.                                                                           | AT&T Inc.                                                                            | CUSIP: 00206RMT6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     78000 | PA      | $79736.91     | 0.00%             | 2034-02-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Brookfield Finance Inc.                                                             | Brookfield Finance Inc.                                                              | CUSIP: 11271LAM4<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    110000 | PA      | $113015.00    | 0.00%             | 2035-01-15      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                             | UnitedHealth Group Inc.                                                              | CUSIP: 91324PEP3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     54000 | PA      | $55203.07     | 0.00%             | 2028-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southern Co. (The)                                                                  | Southern Co. (The)                                                                   | CUSIP: 842587DL8<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     29000 | PA      | $30433.85     | 0.00%             | 2032-10-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Micron Technology, Inc.                                                             | Micron Technology, Inc.                                                              | CUSIP: 595112CD3<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    189000 | PA      | $192942.85    | 0.01%             | 2031-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392BTT3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |      4488 | PA      | $213.02       | 0.00%             | 2032-02-25      | Floating      | 3.64%                 | No            |                  2 | On Loan: No      |
| ICON Investments Six DAC                                                            | ICON Investments Six DAC                                                             | CUSIP: 45115AAB0<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |   1029000 | PA      | $1067410.52   | 0.04%             | 2029-05-08      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp.                                                               | Lockheed Martin Corp.                                                                | CUSIP: 539830CK3<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |   2874000 | PA      | $2867332.46   | 0.09%             | 2028-08-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                                                 | CommonSpirit Health                                                                  | CUSIP: 20268JAT0<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    215000 | PA      | $202756.38    | 0.01%             | 2054-12-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                          | Amgen Inc.                                                                           | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    112000 | PA      | $114075.55    | 0.00%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| B.A.T Capital Corp.                                                                 | B.A.T Capital Corp.                                                                  | CUSIP: 054989AD0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     38000 | PA      | $42395.86     | 0.00%             | 2053-08-02      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| Anheuser Busch InBev Worldwide Inc.                                                 | Anheuser Busch InBev Worldwide Inc.                                                  | CUSIP: 03523TBY3<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111622.53    | 0.00%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EFMT 2024-INV2                                                                      | EFMT 2024-INV2, Series 2024-INV2, Class A1                                           | CUSIP: 26844LAA6<br>LEI: 254900QTMZ2ZHRYMFA85 | Long             | ABS-MBS          | CORP              | US        |   2776207 | PA      | $2752978.39   | 0.09%             | 2069-10-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                                                        | Marriott International, Inc.                                                         | CUSIP: 571903BP7<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    122000 | PA      | $123492.74    | 0.00%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                     | Intercontinental Exchange, Inc.                                                      | CUSIP: 45866FBB9<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    110000 | PA      | $107739.50    | 0.00%             | 2028-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 3128M5H45<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     15734 | PA      | $16479.83     | 0.00%             | 2037-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NetApp, Inc.                                                                        | NetApp, Inc.                                                                         | CUSIP: 64110DAM6<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205515.53    | 0.01%             | 2032-03-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc.                                                        | Honeywell International Inc.                                                         | CUSIP: 438516CS3<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    305000 | PA      | $305010.43    | 0.01%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392FJ81<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     12599 | PA      | $1355.43      | 0.00%             | 2032-12-25      | Floating      | 3.54%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                              | Standard Chartered PLC                                                               | CUSIP: 85325C2A9<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    956000 | PA      | $967123.17    | 0.03%             | 2030-10-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                 | Fifth Third Bancorp                                                                  | CUSIP: 316773DM9<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302697.45    | 0.01%             | 2030-09-06      | Variable      | 4.89%                 | No            |                  2 | On Loan: No      |
| Caterpillar Inc.                                                                    | Caterpillar Inc.                                                                     | CUSIP: 149123CM1<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |    358000 | PA      | $353875.50    | 0.01%             | 2055-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PEB8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    113000 | PA      | $114930.28    | 0.00%             | 2030-01-23      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                                                | American Express Co.                                                                 | CUSIP: 025816EH8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1851000 | PA      | $1921239.92   | 0.06%             | 2036-04-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                        | UBS Group AG                                                                         | CUSIP: 902613AP3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    756000 | PA      | $758693.85    | 0.02%             | 2028-05-12      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 31364JZP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     13353 | PA      | $1018.31      | 0.00%             | 2029-04-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                                                  | Uniform Mortgage-Backed Securities                                                   | CUSIP: 01F040685<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  55620270 | PA      | $51306337.39  | 1.69%             | 2055-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 3140QPA31<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7559781 | PA      | $7031875.15   | 0.23%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31402RHV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     38480 | PA      | $39700.98     | 0.00%             | 2031-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31397TEH1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    700500 | PA      | $55525.66     | 0.00%             | 2038-05-15      | Floating      | 1.62%                 | No            |                  2 | On Loan: No      |
| Public Service Co. of Colorado                                                      | Public Service Co. of Colorado                                                       | CUSIP: 744448CZ2<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202959.43    | 0.01%             | 2034-05-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Electricite de France                                                               | Electricite de France                                                                | CUSIP: 28504DAB9<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    627000 | PA      | $644740.84    | 0.02%             | 2028-05-23      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                                 | Synchrony Financial                                                                  | CUSIP: 87165BAY9<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    860000 | PA      | $862967.54    | 0.03%             | 2036-07-29      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                    | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3576000 | PA      | $3684490.94   | 0.12%             | 2036-04-23      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                                                           | Corebridge Global Funding                                                            | CUSIP: 00138CBB3<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   1189000 | PA      | $1194664.46   | 0.04%             | 2027-08-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Connecticut Light and Power Co. (The)                                               | Connecticut Light and Power Co. (The)                                                | CUSIP: 207597ES0<br>LEI: 549300O45IUXEDS1VZ32 | Long             | DBT              | CORP              | US        |    126000 | PA      | $125678.56    | 0.00%             | 2034-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Arthur J. Gallagher & Co.                                                           | Arthur J. Gallagher & Co.                                                            | CUSIP: 04316JAL3<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    234000 | PA      | $236200.68    | 0.01%             | 2029-12-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Sierra Pacific Power Co.                                                            | Sierra Pacific Power Co.                                                             | CUSIP: 826418BQ7<br>LEI: QB888G5GSVGE1LD1WV84 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39941.66     | 0.00%             | 2054-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| STAR Trust                                                                          | STAR Trust, Series 2021-1, Class A1                                                  | CUSIP: 85573GAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1024213 | PA      | $956165.54    | 0.03%             | 2065-05-25      | Variable      | 1.22%                 | No            |                  2 | On Loan: No      |
| Black Hills Corp.                                                                   | Black Hills Corp.                                                                    | CUSIP: 092113AW9<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |    182000 | PA      | $191968.07    | 0.01%             | 2034-05-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 31283H3D5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     15597 | PA      | $15940.13     | 0.00%             | 2029-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                                                     | BAE Systems PLC                                                                      | CUSIP: 05523RAJ6<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |   1197000 | PA      | $1224895.71   | 0.04%             | 2029-03-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Citadel Finance LLC                                                                 | Citadel Finance LLC                                                                  | CUSIP: 17287HAD2<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |   2265000 | PA      | $2275506.16   | 0.07%             | 2030-02-10      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                              | Standard Chartered PLC                                                               | CUSIP: 85325C2G6<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   2167000 | PA      | $2203446.21   | 0.07%             | 2031-05-13      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                               | Foundry JV Holdco LLC                                                                | CUSIP: 350930AH6<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    884000 | PA      | $904429.24    | 0.03%             | 2036-01-25      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Travelers Cos., Inc. (The)                                                          | Travelers Cos., Inc. (The)                                                           | CUSIP: 89417EAU3<br>LEI: 549300Y650407RU8B149 | Long             | DBT              | CORP              | US        |   1376000 | PA      | $1386797.76   | 0.05%             | 2055-07-24      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co. L.P./ PTL Finance Corp.                                    | Penske Truck Leasing Co. L.P./ PTL Finance Corp.                                     | CUSIP: 709599BY9<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55477.31     | 0.00%             | 2027-01-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| PepsiCo, Inc.                                                                       | PepsiCo, Inc.                                                                        | CUSIP: 713448GL6<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   4931000 | PA      | $4908439.59   | 0.16%             | 2029-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                            | Lloyds Banking Group PLC                                                             | CUSIP: 53944YAU7<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $199023.69    | 0.01%             | 2033-08-11      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31403DA33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     83703 | PA      | $85455.72     | 0.00%             | 2033-08-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                                                                 | Kinder Morgan, Inc.                                                                  | CUSIP: 49456BBB6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   1417000 | PA      | $1446444.21   | 0.05%             | 2030-06-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                                | CUSIP: 06051GMW6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2446000 | PA      | $2503873.31   | 0.08%             | 2036-05-09      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| Intel Corp.                                                                         | Intel Corp.                                                                          | CUSIP: 458140AX8<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244111.24    | 0.01%             | 2027-05-11      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FCZR0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     95555 | PA      | $16582.37     | 0.00%             | 2036-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                       | CUSIP: 17327CAY9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2242000 | PA      | $2189144.47   | 0.07%             | 2056-03-04      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                             | Hyundai Capital America                                                              | CUSIP: 44891ADU8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   5770000 | PA      | $5790498.33   | 0.19%             | 2027-06-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust                                                   | Chase Home Lending Mortgage Trust, Series 2024-9, Class A4                           | CUSIP: 16160QAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4054335 | PA      | $4052468.68   | 0.13%             | 2055-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Sutter Health                                                                       | Sutter Health, Series 2025                                                           | CUSIP: 86944BAQ6<br>LEI: 549300MJCC12LU768G81 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102657.36    | 0.00%             | 2035-08-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| ALA Trust 2025-OANA                                                                 | ALA Trust 2025-OANA, Series 2025-OANA, Class B                                       | CUSIP: 009920AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6045000 | PA      | $6089800.70   | 0.20%             | 2040-06-15      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| Zions BanCorp., N.A.                                                                | Zions BanCorp., N.A.                                                                 | CUSIP: 98971DAC4<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |    300000 | PA      | $313321.86    | 0.01%             | 2035-11-19      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass-Through Ctfs.                               | Freddie Mac Multifamily Structured Pass-Through Ctfs., Series K734, Class X1, IO     | CUSIP: 3137FLN59<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |  27073066 | PA      | $40785.57     | 0.00%             | 2026-02-25      | Variable      | 0.66%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                      | CUSIP: 38141GC36<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1077000 | PA      | $1100109.52   | 0.04%             | 2031-01-28      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| Sonic Capital LLC                                                                   | Sonic Capital LLC, Series 2021-1A, Class A2II                                        | CUSIP: 83546DAQ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750233 | PA      | $1483307.70   | 0.05%             | 2051-08-20      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC                                             | Daimler Truck Finance North America LLC                                              | CUSIP: 233853AS9<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    802000 | PA      | $802132.04    | 0.03%             | 2025-08-08      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61747YFL4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    134000 | PA      | $137319.88    | 0.00%             | 2035-01-18      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust, Series 2021-3, Class A1                                    | CUSIP: 03465EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    734357 | PA      | $623601.13    | 0.02%             | 2066-05-25      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| LPL Holdings, Inc.                                                                  | LPL Holdings, Inc.                                                                   | CUSIP: 50212YAJ3<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    530000 | PA      | $538889.56    | 0.02%             | 2027-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                                               | NextEra Energy Capital Holdings, Inc.                                                | CUSIP: 65339KCT5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    568000 | PA      | $576136.79    | 0.02%             | 2029-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank U.A.                                                          | Cooperatieve Rabobank U.A.                                                           | CUSIP: 21688ABF8<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   2787000 | PA      | $2787968.12   | 0.09%             | 2026-08-28      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 3133TKCT5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     14955 | PA      | $15130.35     | 0.00%             | 2029-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280ER6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1190000 | PA      | $1206921.87   | 0.04%             | 2031-03-03      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust, Series 2021-7, Class A1                                    | CUSIP: 03464JAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1990825 | PA      | $1709780.52   | 0.06%             | 2066-10-25      | Variable      | 1.98%                 | No            |                  2 | On Loan: No      |
| Diageo Capital PLC                                                                  | Diageo Capital PLC                                                                   | CUSIP: 25243YBH1<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $208633.67    | 0.01%             | 2033-01-24      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                           | Ford Motor Credit Co. LLC                                                            | CUSIP: 345397G72<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1486000 | PA      | $1498331.84   | 0.05%             | 2028-03-20      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                    | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    339000 | PA      | $345698.07    | 0.01%             | 2028-04-22      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392EWW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     84749 | PA      | $7064.72      | 0.00%             | 2032-08-25      | Floating      | 2.54%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding XLVIII Ltd.                                                    | Madison Park Funding XLVIII Ltd., Series 2021-48A, Class A                           | CUSIP: 55821UAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   9681011 | PA      | $9719745.19   | 0.32%             | 2033-04-19      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                                                          | AMSR Trust, Series 2021-SFR3, Class B                                                | CUSIP: 00180UAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4415000 | PA      | $4231907.30   | 0.14%             | 2038-10-17      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                                                     | BAE Systems PLC                                                                      | CUSIP: 05523RAH0<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |   1169000 | PA      | $1179219.59   | 0.04%             | 2027-03-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | U.S. Treasury 2 Year Notes Future                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |      1514 | NC      | $-565178.62   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management, Inc.                                                              | Waste Management, Inc.                                                               | CUSIP: 94106LCF4<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |   1066000 | PA      | $1031627.05   | 0.03%             | 2054-10-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31392RT84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |      3066 | PA      | $175.37       | 0.00%             | 2029-09-15      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| San Diego Gas & Electric Co.                                                        | San Diego Gas & Electric Co.                                                         | CUSIP: 797440CF9<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |    312000 | PA      | $299749.70    | 0.01%             | 2054-04-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Pennsylvania Electric Co.                                               | FirstEnergy Pennsylvania Electric Co.                                                | CUSIP: 591894CE8<br>LEI: TBL0FUJQXXOVZMZFHZ71 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28520.52     | 0.00%             | 2028-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                                                  | Uniform Mortgage-Backed Securities, TBA                                              | CUSIP: 01F012486<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    200000 | PA      | $176683.46    | 0.01%             | 2040-08-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                                    | Boeing Co. (The)                                                                     | CUSIP: 097023DR3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     52000 | PA      | $55970.26     | 0.00%             | 2031-05-01      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 3132E0BH4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7105530 | PA      | $7273798.20   | 0.24%             | 2053-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172DN6<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1142000 | PA      | $1148652.48   | 0.04%             | 2029-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FA6Q8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    109365 | PA      | $14425.97     | 0.00%             | 2034-05-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corp.                                                                      | M&T Bank Corp.                                                                       | CUSIP: 55261FAV6<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    220000 | PA      | $219281.55    | 0.01%             | 2036-01-16      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co.                                                           | Florida Power & Light Co.                                                            | CUSIP: 341081GQ4<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |     51000 | PA      | $50957.85     | 0.00%             | 2033-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Pacific Life Global Funding II                                                      | Pacific Life Global Funding II                                                       | CUSIP: 6944PL2Z1<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   1495000 | PA      | $1516802.83   | 0.05%             | 2029-01-11      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, N.A.                                                           | Morgan Stanley Bank, N.A.                                                            | CUSIP: 61690DK64<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   1631000 | PA      | $1636275.99   | 0.05%             | 2029-01-12      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing III L.P.                                                    | Hertz Vehicle Financing III L.P., Series 2021-2A, Class A                            | CUSIP: 42806MAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1322000 | PA      | $1275466.39   | 0.04%             | 2027-12-27      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, N.A.                                                           | Morgan Stanley Bank, N.A.                                                            | CUSIP: 61690DK72<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1113834.98   | 0.04%             | 2029-01-12      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                                                           | Williams Cos., Inc. (The)                                                            | CUSIP: 969457CJ7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     92000 | PA      | $95308.16     | 0.00%             | 2033-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                                           | Vistra Operations Co. LLC                                                            | CUSIP: 92840VAQ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    122000 | PA      | $134225.01    | 0.00%             | 2033-10-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Quest Diagnostics Inc.                                                              | Quest Diagnostics Inc.                                                               | CUSIP: 74834LBD1<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | DBT              | CORP              | US        |     98000 | PA      | $107238.83    | 0.00%             | 2033-11-30      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 3129354W6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    295310 | PA      | $300902.92    | 0.01%             | 2039-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TTX Co.                                                                             | TTX Co.                                                                              | CUSIP: 87305QCS8<br>LEI: 549300I8CNSYS1OGX775 | Long             | DBT              | CORP              | US        |   1145000 | PA      | $1158677.65   | 0.04%             | 2034-11-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                       | CUSIP: 172967PF2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    202000 | PA      | $205715.58    | 0.01%             | 2030-02-13      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| WF Card Issuance Trust                                                              | WF Card Issuance Trust, Series 2024-A1, Class A                                      | CUSIP: 92970QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7253000 | PA      | $7328886.69   | 0.24%             | 2029-02-15      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Tucson Electric Power Co.                                                           | Tucson Electric Power Co.                                                            | CUSIP: 898813AW0<br>LEI: YLF139GXSRKPBBTNZL03 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200849.12    | 0.01%             | 2034-09-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Realty Income Corp.                                                                 | Realty Income Corp.                                                                  | CUSIP: 756109CT9<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    391000 | PA      | $391642.57    | 0.01%             | 2035-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Republic Services, Inc.                                                             | Republic Services, Inc.                                                              | CUSIP: 760759BC3<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |     29000 | PA      | $29306.78     | 0.00%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Edison Co.                                                             | Commonwealth Edison Co.                                                              | CUSIP: 202795JN1<br>LEI: D8YOXB8L2ZDC8P7Q0771 | Long             | DBT              | CORP              | US        |    400000 | PA      | $393340.54    | 0.01%             | 2028-08-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| L3Harris Technologies, Inc.                                                         | L3Harris Technologies, Inc.                                                          | CUSIP: 502431AQ2<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |     42000 | PA      | $43125.00     | 0.00%             | 2033-07-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                                               | Alexandria Real Estate Equities, Inc.                                                | CUSIP: 015271BC2<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |     77000 | PA      | $75869.33     | 0.00%             | 2036-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                              | Standard Chartered PLC                                                               | CUSIP: 85325C2H4<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   2151000 | PA      | $2185235.29   | 0.07%             | 2031-05-13      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| Algonquin Power & Utilities Corp.                                                   | Algonquin Power & Utilities Corp.                                                    | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |    299000 | PA      | $300630.70    | 0.01%             | 2026-06-15      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Columbia Pipelines Holding Co. LLC                                                  | Columbia Pipelines Holding Co. LLC                                                   | CUSIP: 19828AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     97000 | PA      | $98048.56     | 0.00%             | 2026-08-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank, Ltd.                                                    | Sumitomo Mitsui Trust Bank, Ltd.                                                     | CUSIP: 86563VBG3<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    757000 | PA      | $762061.48    | 0.03%             | 2026-03-09      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                                | CUSIP: 06051GKC2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    220000 | PA      | $187363.28    | 0.01%             | 2036-09-21      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO 2021-2 Ltd.                                                             | Oaktree CLO 2021-2 Ltd., Series 2021-2A, Class AR                                    | CUSIP: 67389BAQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3920000 | PA      | $3921858.08   | 0.13%             | 2035-01-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                                               | Westpac Banking Corp.                                                                | CUSIP: 961214FP3<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    354000 | PA      | $389721.65    | 0.01%             | 2033-11-17      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc.                                                               | WEC Energy Group Inc.                                                                | CUSIP: 92939UAL0<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |     51000 | PA      | $51430.67     | 0.00%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Cross 2024-H2 Mortgage Trust                                                        | Cross 2024-H2 Mortgage Trust, Series 2024-H2, Class A1                               | CUSIP: 22757BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2957802 | PA      | $2976645.20   | 0.10%             | 2069-04-25      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| Invesco Government & Agency Portfolio                                               | Invesco Government & Agency Portfolio, Institutional Class                           | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        | 195145617 | NS      | $195145616.79 | 6.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital Power (US Holdings) Inc.                                                    | Capital Power (US Holdings) Inc.                                                     | CUSIP: 14041TAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1556770.14   | 0.05%             | 2028-06-01      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 912810RU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $2912656.24   | 0.10%             | 2046-11-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, N.A.                                                           | Morgan Stanley Bank, N.A.                                                            | CUSIP: 61690U7W4<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1160984.87   | 0.04%             | 2026-10-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                                                        | Marriott International, Inc.                                                         | CUSIP: 571903BQ5<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    126000 | PA      | $127104.58    | 0.00%             | 2034-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                                                          | J.P. Morgan Mortgage Trust, Series 2007-A1, Class 5A1                                | CUSIP: 46630GAR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    117235 | PA      | $118874.41    | 0.00%             | 2035-07-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                                           | Toyota Motor Credit Corp.                                                            | CUSIP: 89236TLE3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    110000 | PA      | $115412.47    | 0.00%             | 2030-11-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31394CY63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    555167 | PA      | $569105.53    | 0.02%             | 2035-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31402QYV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     43220 | PA      | $44099.34     | 0.00%             | 2035-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UPMC                                                                                | UPMC                                                                                 | CUSIP: 90320WAG8<br>LEI: 5493001YCBUGKVU74S74 | Long             | DBT              | CORP              | US        |    204000 | PA      | $204369.03    | 0.01%             | 2033-05-15      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                                                  | Uniform Mortgage-Backed Securities, TBA                                              | CUSIP: 01F062689<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    650000 | PA      | $670519.54    | 0.02%             | 2055-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Oncor Electric Delivery Co. LLC                                                     | Oncor Electric Delivery Co. LLC                                                      | CUSIP: 68233JDA9<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |   1627000 | PA      | $1637163.46   | 0.05%             | 2055-04-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Oncor Electric Delivery Co. LLC                                                     | Oncor Electric Delivery Co. LLC                                                      | CUSIP: 68233JCS1<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    158000 | PA      | $166143.58    | 0.01%             | 2033-11-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 912810FG8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1047187.50   | 0.03%             | 2029-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Eli Lilly and Co.                                                                   | Eli Lilly and Co.                                                                    | CUSIP: 532457CT3<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    191000 | PA      | $178559.34    | 0.01%             | 2064-08-14      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Pricoa Global Funding I                                                             | Pricoa Global Funding I                                                              | CUSIP: 74153WCU1<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |   1417000 | PA      | $1418061.89   | 0.05%             | 2027-08-27      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Federal Realty OP L.P.                                                              | Federal Realty OP L.P.                                                               | CUSIP: 313747AY3<br>LEI: 549300LI6XZ51GOCJ427 | Long             | DBT              | CORP              | US        |    500000 | PA      | $489430.32    | 0.02%             | 2027-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                                                   | Johnson & Johnson                                                                    | CUSIP: 478160DG6<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |   1957000 | PA      | $1969840.78   | 0.06%             | 2027-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance (USA) PLC                                                         | Rio Tinto Finance (USA) PLC                                                          | CUSIP: 76720AAT3<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    851000 | PA      | $864780.69    | 0.03%             | 2032-03-14      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mars, Inc.                                                                          | Mars, Inc.                                                                           | CUSIP: 571676BB0<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1478000 | PA      | $1468979.85   | 0.05%             | 2045-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                                                | American Express Co.                                                                 | CUSIP: 025816DZ9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    939000 | PA      | $957862.76    | 0.03%             | 2036-01-30      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31394DXZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    145377 | PA      | $8694.96      | 0.00%             | 2035-05-25      | Floating      | 2.14%                 | No            |                  2 | On Loan: No      |
| Invesco Core Fixed Income ETF                                                       | Invesco Core Fixed Income ETF                                                        | CUSIP: 46127B601<br>LEI: 254900MLIL9B3UBH2053 | Long             | EC               | RF                | US        |      4500 | NS      | $112530.15    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WEST Trust 2025-ROSE                                                                | WEST Trust 2025-ROSE, Series 2025-ROSE, Class A                                      | CUSIP: 955909AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14000000 | PA      | $14205357.60  | 0.47%             | 2035-04-10      | Variable      | 5.28%                 | No            |                  2 | On Loan: No      |
| Air Products and Chemicals, Inc.                                                    | Air Products and Chemicals, Inc.                                                     | CUSIP: 009158BC9<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | DBT              | CORP              | US        |    200000 | PA      | $179885.83    | 0.01%             | 2030-05-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| GE HealthCare Technologies Inc.                                                     | GE HealthCare Technologies Inc.                                                      | CUSIP: 36266GAB3<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   2959000 | PA      | $2974960.73   | 0.10%             | 2031-01-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PDX1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    185000 | PA      | $193823.61    | 0.01%             | 2029-10-23      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| Northern Trust Corp.                                                                | Northern Trust Corp.                                                                 | CUSIP: 665859AW4<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199332.83    | 0.01%             | 2027-05-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Western Midstream Operating, L.P.                                                   | Western Midstream Operating, L.P.                                                    | CUSIP: 958667AE7<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |     75000 | PA      | $78264.83     | 0.00%             | 2033-04-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| NTT Finance Corp.                                                                   | NTT Finance Corp.                                                                    | CUSIP: 62954WAV7<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |   1935000 | PA      | $1965722.56   | 0.06%             | 2035-07-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ohio Power Co.                                                                      | Ohio Power Co.                                                                       | CUSIP: 677415CW9<br>LEI: 06ZODLC132CY1O2Y7D77 | Long             | DBT              | CORP              | US        |    308000 | PA      | $317237.67    | 0.01%             | 2034-06-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| CSX Corp.                                                                           | CSX Corp.                                                                            | CUSIP: 126408HW6<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    400000 | PA      | $411912.39    | 0.01%             | 2033-11-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Piedmont Operating Partnership, L.P.                                                | Piedmont Operating Partnership, L.P.                                                 | CUSIP: 720198AJ9<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              | CORP              | US        |    644000 | PA      | $674002.44    | 0.02%             | 2029-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Salesforce, Inc.                                                                    | Salesforce, Inc.                                                                     | CUSIP: 79466LAH7<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    440000 | PA      | $409149.01    | 0.01%             | 2028-07-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 3136A1QW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    215904 | PA      | $17006.23     | 0.00%             | 2041-10-25      | Floating      | 2.09%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31397PM49<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     45696 | PA      | $4608.07      | 0.00%             | 2037-12-15      | Floating      | 2.55%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 3128M5F54<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3020 | PA      | $3178.62      | 0.00%             | 2037-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| COLT Mortgage Loan Trust                                                            | COLT Mortgage Loan Trust, Series 2022-1, Class A1                                    | CUSIP: 19688HAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2057594 | PA      | $1846210.96   | 0.06%             | 2066-12-27      | Variable      | 2.28%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                                                 | Bank of New York Mellon Corp. (The)                                                  | CUSIP: 06406RCD7<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   4266000 | PA      | $4287094.52   | 0.14%             | 2028-06-09      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                                                  | Uniform Mortgage-Backed Securities, TBA                                              | CUSIP: 01F032682<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  77248544 | PA      | $69018687.29  | 2.27%             | 2055-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Molex Electronic Technologies, LLC                                                  | Molex Electronic Technologies, LLC                                                   | CUSIP: 60856BAF1<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1515415.60   | 0.05%             | 2032-04-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31397T4E9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     33022 | PA      | $2723.95      | 0.00%             | 2038-04-15      | Floating      | 1.55%                 | No            |                  2 | On Loan: No      |
| Sands China Ltd.                                                                    | Sands China Ltd.                                                                     | CUSIP: 80007RAE5<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $405285.20    | 0.01%             | 2028-08-08      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172DJ5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    550000 | PA      | $557093.19    | 0.02%             | 2034-02-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61747YFG5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     92000 | PA      | $94255.45     | 0.00%             | 2034-07-21      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                                                           | Williams Cos., Inc. (The)                                                            | CUSIP: 88339WAC0<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    162000 | PA      | $161424.63    | 0.01%             | 2034-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Smurfit Kappa Treasury Unlimited Co.                                                | Smurfit Kappa Treasury Unlimited Co.                                                 | CUSIP: 83272GAE1<br>LEI: 635400B3DOXSWFOWJT40 | Long             | DBT              | CORP              | IE        |   1056000 | PA      | $1078201.61   | 0.04%             | 2034-04-03      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FCQG4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     39291 | PA      | $5688.06      | 0.00%             | 2035-02-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                      | CUSIP: 38141GB60<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    799000 | PA      | $798603.19    | 0.03%             | 2030-10-23      | Variable      | 4.69%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies CLO Ltd.                                           | Carlyle Global Market Strategies CLO Ltd., Series 2015-4A, Class A1RR                | CUSIP: 14311NAU8<br>LEI: 549300Q4PPEXLDSOKL32 | Long             | ABS-CBDO         | CORP              | KY        |   2713591 | PA      | $2714456.73   | 0.09%             | 2032-07-20      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Oceanview Mortgage Trust                                                            | Oceanview Mortgage Trust, Series 2021-3, Class A5                                    | CUSIP: 67647WAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2223519 | PA      | $1985883.12   | 0.07%             | 2051-07-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co., Series W                                                          | CUSIP: 95000U3R2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    760000 | PA      | $764139.11    | 0.03%             | 2028-01-24      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp.                                               | International Business Machines Corp.                                                | CUSIP: 459200KA8<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    220000 | PA      | $213332.39    | 0.01%             | 2029-05-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                                                            | Bristol-Myers Squibb Co.                                                             | CUSIP: 110122DZ8<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    114000 | PA      | $121904.55    | 0.00%             | 2033-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172DR7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    857000 | PA      | $851758.98    | 0.03%             | 2028-04-28      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                                                  | Uniform Mortgage-Backed Securities, TBA                                              | CUSIP: 01F020489<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    800000 | PA      | $726546.32    | 0.02%             | 2040-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                                                            | Bristol-Myers Squibb Co.                                                             | CUSIP: 110122EC8<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |     89000 | PA      | $95427.13     | 0.00%             | 2063-11-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                                                          | Constellation Brands, Inc.                                                           | CUSIP: 21036PBP2<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |     29000 | PA      | $28756.41     | 0.00%             | 2033-05-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Southwestern Public Service Co.                                                     | Southwestern Public Service Co.                                                      | CUSIP: 845743BX0<br>LEI: OL6FE7QD5EQ3DOYEO258 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201291.27    | 0.01%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                                | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   6455000 | PA      | $6448931.85   | 0.21%             | N/A             | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| VICI Properties L.P.                                                                | VICI Properties L.P.                                                                 | CUSIP: 925650AF0<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    102000 | PA      | $104425.19    | 0.00%             | 2034-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31403DDN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     53057 | PA      | $55785.46     | 0.00%             | 2033-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172DG1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    598000 | PA      | $606206.88    | 0.02%             | 2029-02-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                          | Occidental Petroleum Corp.                                                           | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    193000 | PA      | $193621.07    | 0.01%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| IBM International Capital Pte. Ltd.                                                 | IBM International Capital Pte. Ltd.                                                  | CUSIP: 449276AE4<br>LEI: 2549007KTXQQBYZO7485 | Long             | DBT              | CORP              | SG        |    310000 | PA      | $308363.82    | 0.01%             | 2034-02-05      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                                  | General Motors Financial Co., Inc.                                                   | CUSIP: 37045XEF9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35167.83     | 0.00%             | 2026-04-06      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                      | CUSIP: 38141GB29<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    671000 | PA      | $681939.90    | 0.02%             | 2030-07-23      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| McKesson Corp.                                                                      | McKesson Corp.                                                                       | CUSIP: 581557BY0<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |   4426000 | PA      | $4478964.48   | 0.15%             | 2035-05-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co. L.P. / PTL Finance Corp.                                   | Penske Truck Leasing Co. L.P. / PTL Finance Corp.                                    | CUSIP: 709599BS2<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |     62000 | PA      | $63539.66     | 0.00%             | 2028-02-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Nordson Corp.                                                                       | Nordson Corp.                                                                        | CUSIP: 655663AB8<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | DBT              | CORP              | US        |     91000 | PA      | $96222.58     | 0.00%             | 2033-09-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                                                                 | Kinder Morgan, Inc.                                                                  | CUSIP: 49456BAX9<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |     79000 | PA      | $79356.72     | 0.00%             | 2033-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Regency Centers, L.P.                                                               | Regency Centers, L.P.                                                                | CUSIP: 75884RBD4<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              | CORP              | US        |   1009000 | PA      | $1019983.13   | 0.03%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance, LLC                                            | Volkswagen Group of America Finance, LLC                                             | CUSIP: 928668CE0<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1314086.96   | 0.04%             | 2026-03-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Uber Technologies, Inc.                                                             | Uber Technologies, Inc.                                                              | CUSIP: 90353TAN0<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   1495000 | PA      | $1483223.87   | 0.05%             | 2030-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Enel Finance International N.V.                                                     | Enel Finance International N.V.                                                      | CUSIP: 29278GAZ1<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    733000 | PA      | $735906.25    | 0.02%             | 2025-10-14      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                                                           | OBX Trust, Series 2022-NQM2, Class A1B                                               | CUSIP: 67448DAM2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2305000 | PA      | $2063006.12   | 0.07%             | 2062-01-25      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 3136A9XT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    244737 | PA      | $4329.79      | 0.00%             | 2027-11-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Belrose Funding Trust II                                                            | Belrose Funding Trust II                                                             | CUSIP: 08079KAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3303000 | PA      | $3383125.26   | 0.11%             | 2055-05-15      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1376000 | PA      | $1421499.74   | 0.05%             | 2036-04-22      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    513000 | PA      | $522204.32    | 0.02%             | 2028-04-22      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                                                         | Toronto-Dominion Bank (The)                                                          | CUSIP: 89115A3C4<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1909000 | PA      | $1928846.31   | 0.06%             | 2029-12-17      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Sonic Capital LLC                                                                   | Sonic Capital LLC, Series 2021-1A, Class A2I                                         | CUSIP: 83546DAN8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1788700 | PA      | $1633409.36   | 0.05%             | 2051-08-20      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| Campbell's Co. (The)                                                                | Campbell's Co. (The)                                                                 | CUSIP: 134429BN8<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    202000 | PA      | $206168.56    | 0.01%             | 2029-03-21      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Omnicom Group Inc.                                                                  | Omnicom Group Inc.                                                                   | CUSIP: 681919BD7<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | DBT              | CORP              | US        |    850000 | PA      | $752041.43    | 0.02%             | 2031-08-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Jackson National Life Global Funding                                                | Jackson National Life Global Funding                                                 | CUSIP: 46849CJP7<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   6612000 | PA      | $6627470.36   | 0.22%             | 2028-06-05      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                                    | CVS Health Corp.                                                                     | CUSIP: 126650CX6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109300.01    | 0.00%             | 2028-03-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Genuine Parts Co.                                                                   | Genuine Parts Co.                                                                    | CUSIP: 372460AF2<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |   1289000 | PA      | $1305439.08   | 0.04%             | 2029-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Rate Mortgage Trust                                                                 | Rate Mortgage Trust, Series 2025-J2, Class A5                                        | CUSIP: 75409YAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3896717 | PA      | $3898966.13   | 0.13%             | 2055-07-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| B.A.T Capital Corp.                                                                 | B.A.T Capital Corp.                                                                  | CUSIP: 05526DBY0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    151000 | PA      | $158188.02    | 0.01%             | 2031-02-20      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Rate Mortgage Trust                                                                 | Rate Mortgage Trust, Series 2024-J4, Class A1                                        | CUSIP: 75408TAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3654644 | PA      | $3680340.69   | 0.12%             | 2054-12-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| AvalonBay Communities, Inc.                                                         | AvalonBay Communities, Inc.                                                          | CUSIP: 053484AE1<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              | CORP              | US        |    191000 | PA      | $195961.61    | 0.01%             | 2033-12-07      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd.                                                                 | Athene Holding Ltd.                                                                  | CUSIP: 04686JAM3<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |   3086000 | PA      | $3054306.78   | 0.10%             | 2055-06-28      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                                    | CVS Health Corp.                                                                     | CUSIP: 126650DW7<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    202000 | PA      | $204745.74    | 0.01%             | 2029-01-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EQT Corp.                                                                           | EQT Corp.                                                                            | CUSIP: 26884LAS8<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102082.46    | 0.00%             | 2027-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 21H050680<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    900000 | PA      | $878542.53    | 0.03%             | 2055-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 3136A5AX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    304233 | PA      | $24691.00     | 0.00%             | 2041-04-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                       | Alphabet Inc.                                                                        | CUSIP: 02079KAM9<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   1021000 | PA      | $1002589.63   | 0.03%             | 2055-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Life Mortgage Trust                                                                 | Life Mortgage Trust, Series 2021-BMR, Class C                                        | CUSIP: 53218CAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    167676 | PA      | $166990.59    | 0.01%             | 2038-03-15      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Americold Realty Operating Partnership, L.P.                                        | Americold Realty Operating Partnership, L.P.                                         | CUSIP: 03063UAA9<br>LEI: 549300FKD9KVWNHSUU79 | Long             | DBT              | CORP              | US        |    581000 | PA      | $565291.15    | 0.02%             | 2034-09-12      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                       | CUSIP: 17327CAT0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1366000 | PA      | $1360796.78   | 0.04%             | 2030-09-19      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                               | Foundry JV Holdco LLC                                                                | CUSIP: 350930AF0<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   1146000 | PA      | $1170437.38   | 0.04%             | 2031-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                        | Oracle Corp.                                                                         | CUSIP: 68389XCT0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1026000 | PA      | $986217.51    | 0.03%             | 2034-09-27      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| F&G Annuities & Life, Inc.                                                          | F&G Annuities & Life, Inc.                                                           | CUSIP: 30190AAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     62000 | PA      | $64909.95     | 0.00%             | 2028-01-13      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| Keybank N.A.                                                                        | Keybank N.A.                                                                         | CUSIP: 49327M3F9<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    936000 | PA      | $962196.92    | 0.03%             | 2027-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.                                  | National Rural Utilities Cooperative Finance Corp.                                   | CUSIP: 637432PC3<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   1196000 | PA      | $1198756.76   | 0.04%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 3133TEB78<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     21028 | PA      | $21272.43     | 0.00%             | 2028-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| American International Group, Inc.                                                  | American International Group, Inc.                                                   | CUSIP: 026874DW4<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |    722000 | PA      | $732099.35    | 0.02%             | 2030-05-07      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Takeda U.S. Financing, Inc.                                                         | Takeda U.S. Financing, Inc.                                                          | CUSIP: 87406BAB8<br>LEI: 254900ZGPIBGBZ2N3A33 | Long             | DBT              | CORP              | US        |   4518000 | PA      | $4515604.47   | 0.15%             | 2055-07-07      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 3133KRP99<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  13338876 | PA      | $13654755.27  | 0.45%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 313921A65<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     64315 | PA      | $5407.08      | 0.00%             | 2031-11-25      | Floating      | 3.44%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                                                         | BNP Paribas                                                                          | CUSIP: 09659W3D4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   4173000 | PA      | $4215135.32   | 0.14%             | 2031-05-09      | Variable      | 5.08%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 3140QSP54<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  16695440 | PA      | $16729147.59  | 0.55%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GCAT 2025-NQM2 Trust                                                                | GCAT 2025-NQM2 Trust, Series 2025-NQM2, Class A1                                     | CUSIP: 36171HAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4550506 | PA      | $4562956.57   | 0.15%             | 2070-04-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc., Series W                                                             | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1817000 | PA      | $1809412.03   | 0.06%             | N/A             | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                                                  | Uniform Mortgage-Backed Securities                                                   | CUSIP: 01F050684<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        | 112010205 | PA      | $109034324.59 | 3.59%             | 2055-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Xcel Energy Inc.                                                                    | Xcel Energy Inc.                                                                     | CUSIP: 98389BAY6<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    110000 | PA      | $104325.48    | 0.00%             | 2030-06-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                                                 | GS Mortgage-Backed Securities Trust, Series 2025-HE1, Class A1                       | CUSIP: 36272NAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2755000 | PA      | $2756377.50   | 0.09%             | 2055-10-25      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                  | Altria Group, Inc.                                                                   | CUSIP: 02209SBS1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    288000 | PA      | $290764.21    | 0.01%             | 2028-02-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Capital Trust                                                | Credit Suisse Mortgage Capital Trust, Series 2021-NQM2, Class A1                     | CUSIP: 12662EAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    633844 | PA      | $566331.09    | 0.02%             | 2066-02-25      | Variable      | 1.18%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline, L.P.                                                  | Plains All American Pipeline, L.P.                                                   | CUSIP: 72650RBQ4<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1488973.54   | 0.05%             | 2035-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                            | HCA Inc.                                                                             | CUSIP: 404119DB2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1027000 | PA      | $1052335.69   | 0.03%             | 2035-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ERAC USA Finance LLC                                                                | ERAC USA Finance LLC                                                                 | CUSIP: 26884TAV4<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |    126000 | PA      | $127092.18    | 0.00%             | 2028-05-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon (The)                                                       | Bank of New York Mellon (The)                                                        | CUSIP: 06405LAG6<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |   1990000 | PA      | $1994973.85   | 0.07%             | 2027-04-20      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                                                        | BX Commercial Mortgage Trust, Series 2021-VOLT, Class A                              | CUSIP: 05609VAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3952819 | PA      | $3946464.59   | 0.13%             | 2036-09-15      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| ERAC USA Finance LLC                                                                | ERAC USA Finance LLC                                                                 | CUSIP: 26884TAW2<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |    132000 | PA      | $131795.92    | 0.00%             | 2033-05-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Walmart Inc.                                                                        | Walmart Inc.                                                                         | CUSIP: 931142EN9<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    880000 | PA      | $853930.52    | 0.03%             | 2029-07-08      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Mid-America Apartments, L.P.                                                        | Mid-America Apartments, L.P.                                                         | CUSIP: 59523UAX5<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198133.71    | 0.01%             | 2035-03-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Pricoa Global Funding I                                                             | Pricoa Global Funding I                                                              | CUSIP: 74153WCV9<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |    656000 | PA      | $654972.46    | 0.02%             | 2031-08-27      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                                                         | ONEOK, Inc.                                                                          | CUSIP: 682680CG6<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    700000 | PA      | $646962.75    | 0.02%             | 2064-11-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Republic Services, Inc.                                                             | Republic Services, Inc.                                                              | CUSIP: 760759BH2<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    173000 | PA      | $175774.27    | 0.01%             | 2033-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Snam S.p.A.                                                                         | Snam S.p.A.                                                                          | CUSIP: 83304JAC1<br>LEI: 8156002278562044AF79 | Long             | DBT              | CORP              | IT        |   2199000 | PA      | $2286034.29   | 0.08%             | 2055-05-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                                                | American Express Co.                                                                 | CUSIP: 025816EL9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   8053000 | PA      | $8065793.96   | 0.27%             | 2029-07-20      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp.                                                               | Lockheed Martin Corp.                                                                | CUSIP: 539830CA5<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |     82000 | PA      | $81298.91     | 0.00%             | 2034-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                                    | Boeing Co. (The)                                                                     | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    259000 | PA      | $273551.52    | 0.01%             | 2029-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Mitsubishi Ufj Financial Group, Inc.                                                | Mitsubishi Ufj Financial Group, Inc.                                                 | CUSIP: 606822DE1<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   1041000 | PA      | $1065758.03   | 0.04%             | 2030-04-17      | Variable      | 5.26%                 | No            |                  2 | On Loan: No      |
| Nasdaq, Inc.                                                                        | Nasdaq, Inc.                                                                         | CUSIP: 63111XAH4<br>LEI: 549300L8X1Q78ERXFD06 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46222.71     | 0.00%             | 2028-06-28      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| MILE Trust 2025-STNE                                                                | MILE Trust 2025-STNE, Series 2025-STNE, Class A                                      | CUSIP: 59918AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4735000 | PA      | $4749931.35   | 0.16%             | 2042-07-15      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| National Securities Clearing Corp.                                                  | National Securities Clearing Corp.                                                   | CUSIP: 637639AK1<br>LEI: 549300RYC9NELN2ICA34 | Long             | DBT              | CORP              | US        |    928000 | PA      | $944837.54    | 0.03%             | 2028-05-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eli Lilly and Co.                                                                   | Eli Lilly and Co.                                                                    | CUSIP: 532457BV9<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194949.48    | 0.01%             | 2029-03-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Oncor Electric Delivery Co. LLC                                                     | Oncor Electric Delivery Co. LLC                                                      | CUSIP: 68233JCK8<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108559.12    | 0.00%             | 2032-09-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                                                  | Uniform Mortgage-Backed Securities                                                   | CUSIP: 01F060683<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  89627535 | PA      | $90880355.85  | 2.99%             | 2055-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | U.S. Treasury Ultra Bonds Future                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        58 | NC      | $-139653.56   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co.                                                                  | Tractor Supply Co.                                                                   | CUSIP: 892356AB2<br>LEI: 549300OJ9VZHZRO6I137 | Long             | DBT              | CORP              | US        |     39000 | PA      | $39677.59     | 0.00%             | 2033-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Brookfield Asset Management Ltd.                                                    | Brookfield Asset Management Ltd.                                                     | CUSIP: 113004AA3<br>LEI: 549300CZ84WPNJZKY093 | Long             | DBT              | CORP              | CA        |   1960000 | PA      | $2005778.86   | 0.07%             | 2035-04-24      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                                                        | Mizuho Financial Group, Inc.                                                         | CUSIP: 60687YDN6<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   3869000 | PA      | $3895254.45   | 0.13%             | 2031-07-08      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy, Inc.                                                            | Diamondback Energy, Inc.                                                             | CUSIP: 25278XBB4<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    163000 | PA      | $150658.80    | 0.00%             | 2064-04-18      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                                           | RTX Corp.                                                                            | CUSIP: 75513ECX7<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |     62000 | PA      | $67571.63     | 0.00%             | 2054-03-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Kenvue Inc.                                                                         | Kenvue Inc.                                                                          | CUSIP: 49177JAR3<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |     47000 | PA      | $42942.93     | 0.00%             | 2063-03-22      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                               | Wells Fargo Commercial Mortgage Trust, Series 2017-C42, Class XA                     | CUSIP: 95001GAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16044567 | PA      | $259490.39    | 0.01%             | 2050-12-15      | Variable      | 0.83%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392F6J1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |      7684 | PA      | $435.95       | 0.00%             | 2032-12-18      | Floating      | 3.64%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                                          | Aviation Capital Group LLC                                                           | CUSIP: 05369AAP6<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    229000 | PA      | $242682.86    | 0.01%             | 2028-10-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                    | CUSIP: 95000U3G6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    127000 | PA      | $133669.56    | 0.00%             | 2029-10-23      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                                    | Deutsche Bank AG                                                                     | CUSIP: 25160PAQ0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1633000 | PA      | $1660415.20   | 0.05%             | 2029-01-10      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp. | Charter Communications Operating LLC/Charter Communications Operating Capital Corp.  | CUSIP: 161175BX1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    200000 | PA      | $167845.16    | 0.01%             | 2032-02-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                             | Hyundai Capital America                                                              | CUSIP: 44891ACB1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     94000 | PA      | $94537.00     | 0.00%             | 2026-03-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 91282CNJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3994800 | PA      | $3962966.44   | 0.13%             | 2032-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pacific Life Global Funding II                                                      | Pacific Life Global Funding II                                                       | CUSIP: 6944PL3C1<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   2165000 | PA      | $2170737.10   | 0.07%             | 2029-08-28      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31394DQF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     72329 | PA      | $5755.06      | 0.00%             | 2035-05-25      | Floating      | 2.24%                 | No            |                  2 | On Loan: No      |
| EOG Resources, Inc.                                                                 | EOG Resources, Inc.                                                                  | CUSIP: 26875PBA8<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |   1201000 | PA      | $1213798.92   | 0.04%             | 2055-07-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy, Inc.                                                            | Diamondback Energy, Inc.                                                             | CUSIP: 25278XAX7<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    387000 | PA      | $390890.81    | 0.01%             | 2027-04-18      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp.                                                                    | McDonald's Corp.                                                                     | CUSIP: 58013MGA6<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    817000 | PA      | $814720.05    | 0.03%             | 2035-03-03      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Rate Mortgage Trust                                                                 | Rate Mortgage Trust, Series 2025-J1, Class A4                                        | CUSIP: 75410CAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3258362 | PA      | $3280327.43   | 0.11%             | 2055-03-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Eli Lilly and Co.                                                                   | Eli Lilly and Co.                                                                    | CUSIP: 532457CG1<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |     56000 | PA      | $50699.34     | 0.00%             | 2053-02-27      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                                            | PNC Financial Services Group, Inc. (The)                                             | CUSIP: 693475BT1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    247000 | PA      | $252884.74    | 0.01%             | 2027-10-20      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust, Series 2021-R1, Class A1                                 | CUSIP: 92538BAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    471268 | PA      | $455008.03    | 0.01%             | 2063-10-25      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| Nasdaq, Inc.                                                                        | Nasdaq, Inc.                                                                         | CUSIP: 63111XAL5<br>LEI: 549300L8X1Q78ERXFD06 | Long             | DBT              | CORP              | US        |     46000 | PA      | $46988.35     | 0.00%             | 2063-06-28      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Norinchukin Bank (The)                                                              | Norinchukin Bank (The)                                                               | CUSIP: 656029AN5<br>LEI: 5493007VSMFZCPV1NB83 | Long             | DBT              | CORP              | JP        |    963000 | PA      | $974426.56    | 0.03%             | 2029-10-16      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 3132DWBP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2416999 | PA      | $1903980.27   | 0.06%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1106000 | PA      | $1130585.13   | 0.04%             | 2031-01-24      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| RUN Trust                                                                           | RUN Trust, Series 2022-NQM1, Class A1                                                | CUSIP: 74981CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1699379 | PA      | $1657898.47   | 0.05%             | 2067-03-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLT Mortgage Loan Trust                                                            | COLT Mortgage Loan Trust, Series 2022-2, Class A1                                    | CUSIP: 19685EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2070894 | PA      | $1958494.01   | 0.06%             | 2067-02-25      | Variable      | 2.99%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                       | CUSIP: 17327CAU7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    982000 | PA      | $961860.37    | 0.03%             | 2039-09-19      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| South Bow USA Infrastructure Holdings LLC                                           | South Bow USA Infrastructure Holdings LLC                                            | CUSIP: 83007CAG7<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    145000 | PA      | $137694.90    | 0.00%             | 2054-10-01      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd.                                                                 | Athene Holding Ltd.                                                                  | CUSIP: 04686JAH4<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |    202000 | PA      | $199612.61    | 0.01%             | 2054-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                      | CUSIP: 38141GC44<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2603000 | PA      | $2662200.81   | 0.09%             | 2036-01-28      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Trust                                                        | Chase Mortgage Finance Trust, Series 2005-A2, Class 1A3                              | CUSIP: 16162WPX1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    279035 | PA      | $258767.67    | 0.01%             | 2036-01-25      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| Mitsubishi Ufj Financial Group, Inc.                                                | Mitsubishi Ufj Financial Group, Inc.                                                 | CUSIP: 606822DL5<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   3034000 | PA      | $3135215.48   | 0.10%             | 2036-04-24      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FA6K1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    189851 | PA      | $25511.53     | 0.00%             | 2033-09-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, N.A.                                                           | Morgan Stanley Bank, N.A.                                                            | CUSIP: 61690U8A1<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1106659.65   | 0.04%             | 2028-01-14      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 3136AYAT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |   4809237 | PA      | $456352.32    | 0.02%             | 2047-09-25      | Floating      | 1.44%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 3133TJZY2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |      2822 | PA      | $68.17        | 0.00%             | 2029-03-15      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                                                           | Williams Cos., Inc. (The)                                                            | CUSIP: 969457CK4<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    268000 | PA      | $274497.78    | 0.01%             | 2028-08-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank U.A.                                                          | Cooperatieve Rabobank U.A.                                                           | CUSIP: 21685WCJ4<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $392238.06    | 0.01%             | 2041-05-24      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc.                                                                       | Broadcom Inc.                                                                        | CUSIP: 11135FCA7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   2007000 | PA      | $1997070.15   | 0.07%             | 2028-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PEG7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    410000 | PA      | $425103.09    | 0.01%             | 2030-04-22      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon (The)                                                       | Bank of New York Mellon (The)                                                        | CUSIP: 06405LAH4<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |   1306000 | PA      | $1320060.74   | 0.04%             | 2029-04-20      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| Eli Lilly and Co.                                                                   | Eli Lilly and Co.                                                                    | CUSIP: 532457CJ5<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    720000 | PA      | $723788.63    | 0.02%             | 2027-02-09      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp.                                                               | Lockheed Martin Corp.                                                                | CUSIP: 539830CC1<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    328000 | PA      | $330222.66    | 0.01%             | 2029-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ingersoll Rand Inc.                                                                 | Ingersoll Rand Inc.                                                                  | CUSIP: 45687VAC0<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |    428000 | PA      | $433490.38    | 0.01%             | 2027-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Kite Realty Group, L.P.                                                             | Kite Realty Group, L.P.                                                              | CUSIP: 49803XAF0<br>LEI: 549300X6R2GYI8Y3OD81 | Long             | DBT              | CORP              | US        |    397000 | PA      | $397353.38    | 0.01%             | 2031-12-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Las Vegas Sands Corp.                                                               | Las Vegas Sands Corp.                                                                | CUSIP: 517834AE7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108399.84    | 0.00%             | 2026-08-18      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PEQ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1356000 | PA      | $1359361.13   | 0.04%             | 2030-10-22      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                                                             | Flagstar Mortgage Trust, Series 2021-11IN, Class A6                                  | CUSIP: 33851TAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4646679 | PA      | $4138549.95   | 0.14%             | 2051-11-25      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                       | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    182000 | PA      | $190393.43    | 0.01%             | 2034-05-25      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31394CKG6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     38091 | PA      | $1886.42      | 0.00%             | 2035-03-25      | Floating      | 2.29%                 | No            |                  2 | On Loan: No      |
| Toll Brothers Finance Corp.                                                         | Toll Brothers Finance Corp.                                                          | CUSIP: 88947EAX8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3240000 | PA      | $3257393.71   | 0.11%             | 2035-06-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Allianz SE                                                                          | Allianz SE                                                                           | CUSIP: 018820AA8<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |   2000000 | PA      | $1977556.80   | 0.07%             | N/A             | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Stryker Corp.                                                                       | Stryker Corp.                                                                        | CUSIP: 863667BE0<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    993000 | PA      | $988052.21    | 0.03%             | 2029-09-11      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Ameren Illinois Co.                                                                 | Ameren Illinois Co.                                                                  | CUSIP: 02361DBA7<br>LEI: RC71E2BZ6UOMFPDJSE79 | Long             | DBT              | CORP              | US        |     76000 | PA      | $76708.96     | 0.00%             | 2033-06-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust 2024-NQM5                            | Morgan Stanley Residential Mortgage Loan Trust 2024-NQM5, Series 2024-NQM5, Class A1 | CUSIP: 61777QAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4657436 | PA      | $4677434.20   | 0.15%             | 2069-10-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co. L.P./ PTL Finance Corp.                                    | Penske Truck Leasing Co. L.P./ PTL Finance Corp.                                     | CUSIP: 709599BT0<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |     99000 | PA      | $101369.95    | 0.00%             | 2028-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co.                                                                      | DTE Energy Co.                                                                       | CUSIP: 233331BL0<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    138000 | PA      | $144490.01    | 0.00%             | 2034-06-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 3133TMBG0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     29725 | PA      | $30116.47     | 0.00%             | 2029-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280EX3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2672000 | PA      | $2755984.89   | 0.09%             | 2036-05-13      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| AutoZone, Inc.                                                                      | AutoZone, Inc.                                                                       | CUSIP: 053332BF8<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    103000 | PA      | $104185.01    | 0.00%             | 2033-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Estee Lauder Cos. Inc. (The)                                                        | Estee Lauder Cos. Inc. (The)                                                         | CUSIP: 29736RAT7<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118577.51    | 0.00%             | 2033-05-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.                                                | Caterpillar Financial Services Corp.                                                 | CUSIP: 14913UAB6<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    450000 | PA      | $450092.19    | 0.01%             | 2025-08-11      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                        | Oracle Corp.                                                                         | CUSIP: 68389XCK9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     43000 | PA      | $47202.96     | 0.00%             | 2052-11-09      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172CZ0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    235000 | PA      | $237981.06    | 0.01%             | 2028-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc.                                                               | WEC Energy Group Inc.                                                                | CUSIP: 92939UAJ5<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |     63000 | PA      | $63923.72     | 0.00%             | 2027-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust, Series 2024-2, Class A1                                    | CUSIP: 034942AA0<br>LEI: 254900NLG610771ZLP05 | Long             | ABS-MBS          | CORP              | US        |   4325242 | PA      | $4339804.76   | 0.14%             | 2069-01-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| Ares Strategic Income Fund                                                          | Ares Strategic Income Fund                                                           | CUSIP: 04020EAG2<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |   1588000 | PA      | $1596937.93   | 0.05%             | 2028-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Caterpillar Inc.                                                                    | Caterpillar Inc.                                                                     | CUSIP: 149123CL3<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |   2069000 | PA      | $2110457.38   | 0.07%             | 2035-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Private Bank, N.A.                                                   | Morgan Stanley Private Bank, N.A.                                                    | CUSIP: 61776NVG5<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   2796000 | PA      | $2809243.84   | 0.09%             | 2031-07-18      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association, IO                                         | CUSIP: 38375JSQ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |    336274 | PA      | $17700.58     | 0.00%             | 2037-04-16      | Floating      | 2.10%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding (AESOP) LLC                                          | Avis Budget Rental Car Funding (AESOP) LLC, Series 2022-1A, Class A                  | CUSIP: 05377REZ3<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   6614000 | PA      | $6526730.92   | 0.21%             | 2028-08-21      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| Equitable America Global Funding                                                    | Equitable America Global Funding                                                     | CUSIP: 29446Q2B8<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |   9303000 | PA      | $9384722.20   | 0.31%             | 2030-06-09      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank, Ltd.                                                    | Sumitomo Mitsui Trust Bank, Ltd.                                                     | CUSIP: 86563VBK4<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    850000 | PA      | $860677.22    | 0.03%             | 2026-09-14      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                                    | Boeing Co. (The)                                                                     | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    227000 | PA      | $219304.55    | 0.01%             | 2050-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                        | UBS Group AG                                                                         | CUSIP: 902613BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    792000 | PA      | $930364.78    | 0.03%             | N/A             | Variable      | 9.25%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Global Funding                                                  | Northwestern Mutual Global Funding                                                   | CUSIP: 66815L2K4<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |     79000 | PA      | $79248.21     | 0.00%             | 2027-09-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                    | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     91000 | PA      | $93715.12     | 0.00%             | 2029-07-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers VII Ltd.                                                | Textainer Marine Containers VII Ltd., Series 2021-2A, Class A                        | CUSIP: 88315LAQ1<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |   2777940 | PA      | $2583580.19   | 0.09%             | 2046-04-20      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                                                  | Uniform Mortgage-Backed Securities, TBA                                              | CUSIP: 01F022683<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        | 137347026 | PA      | $112561160.56 | 3.71%             | 2055-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Magna International Inc.                                                            | Magna International Inc.                                                             | CUSIP: 559222BD5<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | DBT              | CORP              | CA        |    565000 | PA      | $581938.86    | 0.02%             | 2035-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UDR, Inc.                                                                           | UDR, Inc.                                                                            | CUSIP: 90265EAR1<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              | CORP              | US        |    110000 | PA      | $99965.24     | 0.00%             | 2031-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Alternative Loan Trust                                                              | Alternative Loan Trust, Series 2005-29CB, Class A4                                   | CUSIP: 12667GUG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    204990 | PA      | $110292.81    | 0.00%             | 2035-07-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Capital Trust                                                | Credit Suisse Mortgage Capital Trust, Series 2022-ATH1, Class A1B                    | CUSIP: 12660BAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1890000 | PA      | $1718506.88   | 0.06%             | 2067-01-25      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                             | UnitedHealth Group Inc.                                                              | CUSIP: 91324PET5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    700000 | PA      | $698379.93    | 0.02%             | 2063-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust 2025-INV1                                                            | PMT Loan Trust 2025-INV1, Series 2025-INV1, Class A7                                 | CUSIP: 693967AG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2544980 | PA      | $2568866.70   | 0.08%             | 2060-01-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Agree L.P.                                                                          | Agree L.P.                                                                           | CUSIP: 008513AE3<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              | CORP              | US        |    191000 | PA      | $195275.66    | 0.01%             | 2034-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Southern California Gas Co.                                                         | Southern California Gas Co.                                                          | CUSIP: 842434CW0<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |    110000 | PA      | $107482.36    | 0.00%             | 2027-04-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                                           | Vistra Operations Co. LLC                                                            | CUSIP: 92840VAT9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    772000 | PA      | $773908.38    | 0.03%             | 2026-12-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31397NP41<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     56110 | PA      | $56704.84     | 0.00%             | 2037-06-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                      | CUSIP: 38141GB37<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    465000 | PA      | $469915.89    | 0.02%             | 2035-07-23      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Generation, LLC                                                | Constellation Energy Generation, LLC                                                 | CUSIP: 210385AE0<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |     53000 | PA      | $57372.44     | 0.00%             | 2053-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Komatsu Finance America Inc.                                                        | Komatsu Finance America Inc.                                                         | CUSIP: 50048WAA6<br>LEI: 549300SRAAFEEQ8Z4D68 | Long             | DBT              | CORP              | US        |   1038000 | PA      | $1059415.33   | 0.03%             | 2027-10-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.                                  | National Rural Utilities Cooperative Finance Corp.                                   | CUSIP: 63743HFN7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    373000 | PA      | $379100.05    | 0.01%             | 2029-02-07      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Blue Owl Credit Income Corp.                                                        | Blue Owl Credit Income Corp.                                                         | CUSIP: 69120VAP6<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104553.73    | 0.00%             | 2027-09-16      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Laboratory Corp. of America Holdings                                                | Laboratory Corp. of America Holdings                                                 | CUSIP: 50540RAZ5<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |   1187000 | PA      | $1175062.12   | 0.04%             | 2030-04-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Georgia Power Co.                                                                   | Georgia Power Co.                                                                    | CUSIP: 373334KS9<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |     53000 | PA      | $53474.44     | 0.00%             | 2028-05-16      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Subway Funding LLC                                                                  | Subway Funding LLC, Series 2024-1A, Class A2I                                        | CUSIP: 864300AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4239960 | PA      | $4325797.99   | 0.14%             | 2054-07-30      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                        | Barclays PLC                                                                         | CUSIP: 06738ECJ2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $407938.11    | 0.01%             | 2027-09-13      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                                | CUSIP: 06051GLS6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    202000 | PA      | $209890.63    | 0.01%             | 2029-09-15      | Variable      | 5.82%                 | No            |                  2 | On Loan: No      |
| Southwestern Electric Power Co.                                                     | Southwestern Electric Power Co.                                                      | CUSIP: 845437BU5<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |     68000 | PA      | $68609.11     | 0.00%             | 2033-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                                                           | Corebridge Global Funding                                                            | CUSIP: 00138CBA5<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    539000 | PA      | $549716.10    | 0.02%             | 2029-06-24      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PNC Bank, N.A.                                                                      | PNC Bank, N.A.                                                                       | CUSIP: 69353RFX1<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   2634000 | PA      | $2635318.55   | 0.09%             | 2027-01-15      | Variable      | 4.78%                 | No            |                  2 | On Loan: No      |
| Fort Greene Park CLO LLC                                                            | Fort Greene Park CLO LLC, Series 2025-2A, Class AR                                   | CUSIP: 18914KAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3920000 | PA      | $3914414.00   | 0.13%             | 2034-04-22      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                                          | Aviation Capital Group LLC                                                           | CUSIP: 05369AAT8<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   5289000 | PA      | $5238536.59   | 0.17%             | 2030-10-24      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities                                            | Fannie Mae Connecticut Avenue Securities, Series 2023-R02, Class 1M1                 | CUSIP: 20755AAB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    913102 | PA      | $934396.77    | 0.03%             | 2043-01-25      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PES1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1403000 | PA      | $1404387.05   | 0.05%             | 2045-11-29      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 31392MTC6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    104578 | PA      | $105638.65    | 0.00%             | 2032-06-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Duke Energy Carolinas, LLC                                                          | Duke Energy Carolinas, LLC                                                           | CUSIP: 26442CBP8<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    706000 | PA      | $718904.70    | 0.02%             | 2030-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                                      | Blackstone Private Credit Fund                                                       | CUSIP: 09261HBR7<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    513000 | PA      | $511257.85    | 0.02%             | 2027-09-26      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Metropolitan Life Global Funding I                                                  | Metropolitan Life Global Funding I                                                   | CUSIP: 59217GFP9<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    730000 | PA      | $743253.54    | 0.02%             | 2033-03-28      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Sempra                                                                              | Sempra                                                                               | CUSIP: 816851BU2<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    936000 | PA      | $921341.68    | 0.03%             | 2055-04-01      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| KKR CLO 15 Ltd.                                                                     | KKR CLO 15 Ltd., Series 15, Class A1R2                                               | CUSIP: 48251MBA3<br>LEI: 549300K434Q30JZAS486 | Long             | ABS-CBDO         | CORP              | KY        |   3483994 | PA      | $3485652.67   | 0.11%             | 2032-01-18      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Travelers Cos., Inc. (The)                                                          | Travelers Cos., Inc. (The)                                                           | CUSIP: 89417EAS8<br>LEI: 549300Y650407RU8B149 | Long             | DBT              | CORP              | US        |     38000 | PA      | $36959.02     | 0.00%             | 2053-05-25      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                                            | PNC Financial Services Group, Inc. (The)                                             | CUSIP: 693475CE3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2733000 | PA      | $2762379.31   | 0.09%             | 2036-07-21      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd.                                                                 | Athene Holding Ltd.                                                                  | CUSIP: 04686JAJ0<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148011.48    | 0.00%             | 2054-10-15      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                                                        | Mizuho Financial Group, Inc.                                                         | CUSIP: 60687YDM8<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   5648000 | PA      | $5679723.97   | 0.19%             | 2036-07-08      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2866000 | PA      | $2910294.03   | 0.10%             | 2036-07-23      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                | Glencore Funding LLC                                                                 | CUSIP: 378272BV9<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    160000 | PA      | $157331.53    | 0.01%             | 2054-04-04      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| Arthur J. Gallagher & Co.                                                           | Arthur J. Gallagher & Co.                                                            | CUSIP: 04316JAG4<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |     83000 | PA      | $90737.98     | 0.00%             | 2054-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co. (The)                                                                 | Coca-Cola Co. (The)                                                                  | CUSIP: 191216DS6<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    424000 | PA      | $410900.22    | 0.01%             | 2054-05-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Niagara Mohawk Power Corp.                                                          | Niagara Mohawk Power Corp.                                                           | CUSIP: 65364UAT3<br>LEI: 3T97Y9RR5EN5Y18QHB56 | Long             | DBT              | CORP              | US        |    155000 | PA      | $155587.62    | 0.01%             | 2034-01-17      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| NTT Finance Corp.                                                                   | NTT Finance Corp.                                                                    | CUSIP: 62954WAS4<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |   1196000 | PA      | $1203170.39   | 0.04%             | 2030-07-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                         | AbbVie Inc.                                                                          | CUSIP: 00287YDT3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    300000 | PA      | $306219.43    | 0.01%             | 2031-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                                                 | Bank of New York Mellon Corp. (The)                                                  | CUSIP: 06406RCH8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   2371000 | PA      | $2376374.49   | 0.08%             | 2028-06-09      | Variable      | 4.44%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 6174468G7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    400000 | PA      | $398857.90    | 0.01%             | 2030-01-23      | Variable      | 4.43%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                     | Intercontinental Exchange, Inc.                                                      | CUSIP: 45866FBA1<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113749.85    | 0.00%             | 2031-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon (The)                                                       | Bank of New York Mellon (The)                                                        | CUSIP: 06405LAF8<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |   1711000 | PA      | $1713330.50   | 0.06%             | 2027-04-20      | Variable      | 4.59%                 | No            |                  2 | On Loan: No      |
| Novartis Capital Corp.                                                              | Novartis Capital Corp.                                                               | CUSIP: 66989HAT5<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1016876.34   | 0.03%             | 2029-09-18      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 31392MJE3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    111419 | PA      | $115103.11    | 0.00%             | 2032-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fairfax Financial Holdings Ltd.                                                     | Fairfax Financial Holdings Ltd.                                                      | CUSIP: 303901BR2<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |    220000 | PA      | $222017.82    | 0.01%             | 2054-03-22      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Invitation Homes Operating Partnership L.P.                                         | Invitation Homes Operating Partnership L.P.                                          | CUSIP: 46188BAG7<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    677000 | PA      | $652880.95    | 0.02%             | 2035-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                 | Fifth Third Bancorp                                                                  | CUSIP: 316773DL1<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |     63000 | PA      | $65278.51     | 0.00%             | 2032-01-29      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 3137B93W3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    691004 | PA      | $65117.06     | 0.00%             | 2044-01-15      | Floating      | 1.65%                 | No            |                  2 | On Loan: No      |
| BlackRock Funding, Inc.                                                             | BlackRock Funding, Inc.                                                              | CUSIP: 09290DAK7<br>LEI: 529900VBK42Y5HHRMD23 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96511.66     | 0.00%             | 2055-01-08      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1182624.63   | 0.04%             | 2030-10-18      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                                                        | Mizuho Financial Group, Inc.                                                         | CUSIP: 60687YDF3<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $1027031.23   | 0.03%             | 2030-07-10      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392F7F8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     94043 | PA      | $8585.63      | 0.00%             | 2032-12-18      | Floating      | 3.54%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank, Ltd.                                                    | Sumitomo Mitsui Trust Bank, Ltd.                                                     | CUSIP: 86563VBR9<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   1023000 | PA      | $1045961.32   | 0.03%             | 2034-03-07      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| PRKCM 2023-AFC4 Trust                                                               | PRKCM 2023-AFC4 Trust, Series 2023-AFC4, Class A1                                    | CUSIP: 69380GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3974541 | PA      | $4027350.75   | 0.13%             | 2058-11-25      | Variable      | 7.22%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                                                             | GA Global Funding Trust                                                              | CUSIP: 36143L2L8<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    855000 | PA      | $875391.00    | 0.03%             | 2029-01-08      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                | Glencore Funding LLC                                                                 | CUSIP: 378272BZ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1417000 | PA      | $1440502.96   | 0.05%             | 2030-04-01      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| MassMutual Global Funding II                                                        | MassMutual Global Funding II                                                         | CUSIP: 57629TBX4<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   2698000 | PA      | $2701174.95   | 0.09%             | 2030-05-07      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Cousins Properties L.P.                                                             | Cousins Properties L.P.                                                              | CUSIP: 222793AC5<br>LEI: 254900ZQIHJ5FQH4C329 | Long             | DBT              | CORP              | US        |   3110000 | PA      | $3161224.34   | 0.10%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PDG8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     32000 | PA      | $32263.97     | 0.00%             | 2028-07-25      | Variable      | 4.85%                 | No            |                  2 | On Loan: No      |
| Bayview MSR Opportunity Master Fund Trust                                           | Bayview MSR Opportunity Master Fund Trust, Series 2021-5, Class A1                   | CUSIP: 07336JAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3285511 | PA      | $2770920.52   | 0.09%             | 2051-11-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                          | Occidental Petroleum Corp.                                                           | CUSIP: 674599DF9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    169000 | PA      | $172132.08    | 0.01%             | 2036-09-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392DRP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     51284 | PA      | $3674.27      | 0.00%             | 2032-07-25      | Floating      | 3.49%                 | No            |                  2 | On Loan: No      |
| Siemens Funding B.V.                                                                | Siemens Funding B.V.                                                                 | CUSIP: 82622RAE6<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |   1470000 | PA      | $1505997.68   | 0.05%             | 2035-05-28      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| LXP Industrial Trust                                                                | LXP Industrial Trust                                                                 | CUSIP: 529043AF8<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              | CORP              | US        |     94000 | PA      | $99239.76     | 0.00%             | 2028-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Symphony CLO XXIII Ltd.                                                             | Symphony CLO XXIII Ltd., Series 2020-23A, Class AR2                                  | CUSIP: 87167NDL6<br>LEI: 54930001DQI1CFLYVB48 | Long             | ABS-CBDO         | CORP              | KY        |   1980852 | PA      | $1979661.11   | 0.07%             | 2034-01-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| National Securities Clearing Corp.                                                  | National Securities Clearing Corp.                                                   | CUSIP: 637639AH8<br>LEI: 549300RYC9NELN2ICA34 | Long             | DBT              | CORP              | US        |   1087000 | PA      | $1106336.43   | 0.04%             | 2027-11-21      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                             | Hyundai Capital America                                                              | CUSIP: 44891ACE5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     26000 | PA      | $27035.45     | 0.00%             | 2030-04-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Mitsubishi Ufj Financial Group, Inc.                                                | Mitsubishi Ufj Financial Group, Inc.                                                 | CUSIP: 606822DD3<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   4274000 | PA      | $4650163.29   | 0.15%             | N/A             | Variable      | 8.20%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  44204800 | PA      | $43821461.28  | 1.44%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Honda Motor Co., Ltd.                                                               | Honda Motor Co., Ltd.                                                                | CUSIP: 438127AF9<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | DBT              | CORP              | JP        |   4714000 | PA      | $4715602.48   | 0.16%             | 2035-07-08      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding (AESOP) LLC                                          | Avis Budget Rental Car Funding (AESOP) LLC, Series 2023-1A, Class A                  | CUSIP: 05377RGC2<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1463000 | PA      | $1488385.39   | 0.05%             | 2029-04-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ares Capital Corp.                                                                  | Ares Capital Corp.                                                                   | CUSIP: 04010LBK8<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   3307000 | PA      | $3302735.16   | 0.11%             | 2030-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate Mortgage Trust                                         | Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-9, Class A1                 | CUSIP: 07387AEG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100940 | PA      | $95736.67     | 0.00%             | 2035-10-25      | Floating      | 0.76%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust, Series 2021-7, Class A1                                  | CUSIP: 92538QAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2920130 | PA      | $2626834.69   | 0.09%             | 2066-10-25      | Variable      | 1.83%                 | No            |                  2 | On Loan: No      |
| Nasdaq, Inc.                                                                        | Nasdaq, Inc.                                                                         | CUSIP: 63111XAJ0<br>LEI: 549300L8X1Q78ERXFD06 | Long             | DBT              | CORP              | US        |     53000 | PA      | $55007.73     | 0.00%             | 2034-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Essex Portfolio, L.P.                                                               | Essex Portfolio, L.P.                                                                | CUSIP: 29717PBA4<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              | CORP              | US        |    158000 | PA      | $161697.44    | 0.01%             | 2034-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                                                        | Mizuho Financial Group, Inc.                                                         | CUSIP: 60687YDL0<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   3775000 | PA      | $3768749.54   | 0.12%             | 2031-07-08      | Variable      | 4.71%                 | No            |                  2 | On Loan: No      |
| Apollo Debt Solutions BDC                                                           | Apollo Debt Solutions BDC                                                            | CUSIP: 03770DAG8<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |   2191000 | PA      | $2194365.70   | 0.07%             | 2030-08-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31393BGX7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     78086 | PA      | $11672.22     | 0.00%             | 2033-05-25      | Floating      | 3.79%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 91282CLQ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2997363.27   | 0.10%             | 2027-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Humana Inc.                                                                         | Humana Inc.                                                                          | CUSIP: 444859BZ4<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |     95000 | PA      | $98382.53     | 0.00%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Micron Technology, Inc.                                                             | Micron Technology, Inc.                                                              | CUSIP: 595112CH4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |   2611000 | PA      | $2718872.37   | 0.09%             | 2035-11-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                      | CUSIP: 38141GC51<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1566000 | PA      | $1573698.58   | 0.05%             | 2056-01-28      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Realty Income Corp.                                                                 | Realty Income Corp.                                                                  | CUSIP: 756109AU8<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108210.57    | 0.00%             | 2028-01-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392BMY9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |      8073 | PA      | $700.63       | 0.00%             | 2032-01-25      | Floating      | 3.49%                 | No            |                  2 | On Loan: No      |
| Navient Refinance Loan Trust 2025-A                                                 | Navient Refinance Loan Trust 2025-A, Series 2025-A, Class A                          | CUSIP: 63943FAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3660306 | PA      | $3685776.53   | 0.12%             | 2055-02-16      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                                              | Goldman Sachs Bank USA                                                               | CUSIP: 38151LAF7<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |   1729000 | PA      | $1735464.40   | 0.06%             | 2027-03-18      | Variable      | 5.28%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                        | Oracle Corp.                                                                         | CUSIP: 68389XCU7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1041000 | PA      | $938464.34    | 0.03%             | 2054-09-27      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| American National Group Inc.                                                        | American National Group Inc.                                                         | CUSIP: 025676AN7<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112297.18    | 0.00%             | 2029-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                                                        | American Honda Finance Corp.                                                         | CUSIP: 02665WEH0<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49994.38     | 0.00%             | 2030-04-17      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp.                                               | International Business Machines Corp.                                                | CUSIP: 459200LK5<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   2301000 | PA      | $2269578.10   | 0.07%             | 2055-02-10      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MFA Trust                                                                           | MFA Trust, Series 2021-INV2, Class A1                                                | CUSIP: 552732AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2294315 | PA      | $2044079.88   | 0.07%             | 2056-11-25      | Variable      | 1.91%                 | No            |                  2 | On Loan: No      |
| Siemens Funding B.V.                                                                | Siemens Funding B.V.                                                                 | CUSIP: 82622RAD8<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |   1002000 | PA      | $1020352.09   | 0.03%             | 2032-05-28      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AIA Group Ltd.                                                                      | AIA Group Ltd.                                                                       | CUSIP: 00131LAS4<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | DBT              | CORP              | HK        |   2105000 | PA      | $1981855.35   | 0.07%             | 2054-09-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                         | Verizon Communications Inc.                                                          | CUSIP: 92343VGN8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     92000 | PA      | $79120.41     | 0.00%             | 2032-03-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                              | Truist Financial Corp., Series P                                                     | CUSIP: 89832QAE9<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    271000 | PA      | $271144.04    | 0.01%             | N/A             | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Cos., Inc.                                                         | Marsh & McLennan Cos., Inc.                                                          | CUSIP: 571748BT8<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33738.20     | 0.00%             | 2053-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-30

**Name of Applicant:** AIM Investment Funds (Invesco Investment Funds)

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer