# EDGAR Filing Document

**Accession Number:** 0001027263
**File Stem:** 0001752724-25-204748
**Filing Date:** 2025-8
**Character Count:** 211990
**Document Hash:** 98c7bcc4a95a4cef51606fc3b25de2d3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-204748.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-204748

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EQ ADVISORS TRUST
- **CENTRAL INDEX KEY:** 0001027263

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07953
- **FILM NUMBER:** 251255153

**BUSINESS ADDRESS:**
- **STREET 1:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** 212-554-1234

**MAIL ADDRESS:**
- **STREET 1:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** 787 TRUST
- **DATE OF NAME CHANGE:** 19961125

## Series and Classes Contracts Data

### EQ/PIMCO Ultra Short Bond Portfolio (Series ID: S000009195)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000024987 | Class IB     |  |
| C000104191 | Class K      |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** EQ Advisors Trust

- **b. Investment Company Act file number:** 811-07953

- **c. CIK number of Registrant:** 0001027263

- **d. LEI of Registrant:** 549300Q691FLN6WHB832

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

  - **Street Address 1:** 1345 Avenue of the Americas

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10105

  - **Telephone number:** 212-554-1234

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

- **a. Name of Series:** EQ/PIMCO Ultra Short Bond Portfolio

- **b. EDGAR series identifier (if any):** S000009195

- **c. LEI of Series:** YZAY4E0VG7W3MZK8EE78

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $797558662.57

**Total Liabilities:** $3982311.01

**Net Assets:** $793576351.56

**Cash Not Reported:** $4991515.17

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 4667.79000000 | **1-Year:** 27941.50000000 | **5-Year:** 14693.69000000 | **10-Year:** 22494.33000000 | **30-Year:** 56786.71000000

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

- **3-Month:** 151.38000000 | **1-Year:** 804.31000000 | **5-Year:** 70.53000000 | **10-Year:** 977.98000000 | **30-Year:** 182.03000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000104191 | 0.30%                | 0.50%                | 0.40%                |
| Class ID C000024987 | 0.30%                | 0.50%                | 0.30%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $225572.12               | $-770487.07                                |
| Month 2  | $19476.57                | $-23689.15                                 |
| Month 3  | $52098.13                | $688502.27                                 |

**Designated Index Information**

- **Index Name:** Ex-Derivatives Securities Portfolio

- **Index Identifier:** AX-G10230

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CNH Equipment Trust                                                 | CNH Equipment Trust, Series 2023-B, Class A2                                                    | CUSIP: 12666DAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    337466 | PA      | $337622.77    | 0.04%             | 2027-02-16      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2017-108, Class AF                                                                 | CUSIP: 3136B0SA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    676211 | PA      | $665217.29    | 0.08%             | 2048-01-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                    | Deutsche Bank AG                                                                                | CUSIP: 25160PAJ6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    500000 | PA      | $500290.30    | 0.06%             | 2026-07-14      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 4906, Class WF                                                                    | CUSIP: 3137FNWL0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    665836 | PA      | $657344.03    | 0.08%             | 2038-12-15      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Bear Stearns ALT-A Trust                                            | Bear Stearns ALT-A Trust, Series 2005-7, Class 22A1                                             | CUSIP: 07386HVS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    264705 | PA      | $151387.01    | 0.02%             | 2035-09-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Co.                                      | Southern California Edison Co.                                                                  | CUSIP: 842400HW6<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1300908.31   | 0.16%             | 2026-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                                        | Ford Credit Auto Lease Trust, Series 2025-A, Class A2B                                          | CUSIP: 345282AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2999433.00   | 0.38%             | 2027-08-15      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| First Horizon Alternative Mortgage Securities Trust                 | First Horizon Alternative Mortgage Securities Trust, Series 2004-AA1, Class A1                  | CUSIP: 32051D3G5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11558 | PA      | $11563.29     | 0.00%             | 2034-06-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                                           | OBX Trust, Series 2024-NQM5, Class A1                                                           | CUSIP: 67448NAA6<br>LEI: 254900RDM4XSF0B1E373 | Long             | ABS-MBS          | CORP              | US        |    958134 | PA      | $964369.35    | 0.12%             | 2064-01-25      | Variable      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                               | ARI Fleet Lease Trust, Series 2024-B, Class A2                                                  | CUSIP: 04033HAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1140151 | PA      | $1147318.00   | 0.14%             | 2033-04-15      | Fixed         | 5.54%                 | Yes           |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                                           | Bank of Nova Scotia (The)                                                                       | CUSIP: 0641593V6<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $300369.18    | 0.04%             | 2026-03-02      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2023-H26, Class DF                                                                 | CUSIP: 38383KKA9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3439201 | PA      | $3419970.99   | 0.43%             | 2073-09-20      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Loan Enhanced Trust                                 | Volkswagen Auto Loan Enhanced Trust, Series 2023-2, Class A2A                                   | CUSIP: 92867YAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190348 | PA      | $190690.22    | 0.02%             | 2027-03-22      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                           | Ford Motor Credit Co. LLC                                                                       | CUSIP: 345397XL2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1491330.00   | 0.19%             | 2025-08-04      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 4875, Class F                                                                     | CUSIP: 3137FLA87<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    887714 | PA      | $862111.29    | 0.11%             | 2049-04-15      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC                             | Volkswagen Group of America Finance LLC                                                         | CUSIP: 928668BY7<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7008827.00   | 0.88%             | 2025-09-12      | Floating      | 5.33%                 | Yes           |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                           | Nelnet Student Loan Trust, Series 2013-5A, Class A                                              | CUSIP: 64033GAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    472282 | PA      | $465852.74    | 0.06%             | 2037-01-25      | Floating      | 5.05%                 | Yes           |                  2 | On Loan: No      |
| CarVal CLO III Ltd.                                                 | CarVal CLO III Ltd., Series 2019-2A, Class AR2                                                  | CUSIP: 14686WAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2367336 | PA      | $2368489.19   | 0.30%             | 2032-07-20      | Floating      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| Silver Rock CLO II Ltd.                                             | Silver Rock CLO II Ltd., Series 2021-2A, Class AR                                               | CUSIP: 82812LAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1100000 | PA      | $1098900.00   | 0.14%             | 2035-01-20      | Floating      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| HCA, Inc.                                                           | HCA, Inc.                                                                                       | CUSIP: 40412BVN0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | STIV             | CORP              | US        |   7000000 | PA      | $6949388.60   | 0.88%             | 2025-08-22      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2025-98, Class GF                                                                  | CUSIP: 38381NNT1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2600000 | PA      | $2600002.34   | 0.33%             | 2055-06-20      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                                           | HCA, Inc.                                                                                       | CUSIP: 40412BVF7<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $993714.80    | 0.13%             | 2025-08-15      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| MRFC Mortgage Pass-Through Trust                                    | MRFC Mortgage Pass-Through Trust, Series 2000-TBC3, Class A1                                    | CUSIP: 585525EN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       697 | PA      | $676.15       | 0.00%             | 2030-12-15      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC                                                                                           | CUSIP: 31336CLR2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1340 | PA      | $1364.24      | 0.00%             | 2034-01-01      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO 21 Ltd.                                       | Anchorage Capital CLO 21 Ltd., Series 2021-21A, Class AR                                        | CUSIP: 03331KAJ8<br>LEI: 54930063NKPB83QNUF90 | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1199400.00   | 0.15%             | 2034-10-20      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Southern California Edison Co.                                      | Southern California Edison Co., Series D                                                        | CUSIP: 842400HQ9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2808815.24   | 0.35%             | 2027-06-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Deutsche Alt-B Securities Mortgage Loan Trust                       | Deutsche Alt-B Securities Mortgage Loan Trust, Series 2006-AB4, Class A1B1                      | CUSIP: 251513AR8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       341 | PA      | $282.64       | 0.00%             | 2036-10-25      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 3850, Class FC                                                                    | CUSIP: 3137A96V3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    105627 | PA      | $104572.12    | 0.01%             | 2041-04-15      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| NatWest Markets plc                                                 | NatWest Markets plc                                                                             | CUSIP: N/A<br>LEI: RR3QWICWWIPCS8A4S074       | Long             | DBT              | CORP              | GB        |    500000 | PA      | $501630.00    | 0.06%             | 2026-09-29      | Floating      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| Citibank Credit Card Issuance Trust                                 | Citibank Credit Card Issuance Trust, Series 2017-A6, Class A6                                   | CUSIP: 17305EGE9<br>LEI: R8AG6FXVDQAMDKCSJJ64 | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4037974.80   | 0.51%             | 2029-05-14      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| WaMu Mortgage Pass-Through Certificates Trust                       | WaMu Mortgage Pass-Through Certificates Trust, Series 2004-AR1, Class A                         | CUSIP: 92922FLD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     95604 | PA      | $96108.99     | 0.01%             | 2034-03-25      | Variable      | 6.21%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2025-18, Class FM                                                                  | CUSIP: 3136BVKH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7762228 | PA      | $7732020.10   | 0.97%             | 2054-09-25      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                      | Morgan Stanley                                                                                  | CUSIP: 61747YEZ4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1604870.40   | 0.20%             | 2027-01-28      | Variable      | 5.05%                 | No            |                  2 | On Loan: —       |
| Credit Agricole SA                                                  | Credit Agricole SA                                                                              | CUSIP: 22534PAF0<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $402825.64    | 0.05%             | 2026-07-05      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Cox Communications, Inc.                                            | Cox Communications, Inc.                                                                        | CUSIP: 224044CG0<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1279466.63   | 0.16%             | 2026-09-15      | Fixed         | 3.35%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                           | Towd Point Mortgage Trust, Series 2019-HY3, Class A1A                                           | CUSIP: 89177XAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    336562 | PA      | $339040.20    | 0.04%             | 2059-10-25      | Floating      | 5.43%                 | Yes           |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                                 | Intesa Sanpaolo SpA                                                                             | CUSIP: 46115HBU0<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   3000000 | PA      | $3021054.60   | 0.38%             | 2025-11-21      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                      | Enterprise Fleet Financing LLC, Series 2024-3, Class A2                                         | CUSIP: 29375QAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    385251 | PA      | $386602.39    | 0.05%             | 2027-04-20      | Fixed         | 5.31%                 | Yes           |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                               | NextEra Energy Capital Holdings, Inc.                                                           | CUSIP: 65339MUV6<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | STIV             | CORP              | US        |    400000 | PA      | $398516.76    | 0.05%             | 2025-07-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                              | Sequoia Mortgage Trust, Series 10, Class 2A1                                                    | CUSIP: 81743VAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       155 | PA      | $152.19       | 0.00%             | 2027-10-20      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| IndyMac INDX Mortgage Loan Trust                                    | IndyMac INDX Mortgage Loan Trust, Series 2006-AR14, Class 1A1A                                  | CUSIP: 45668GAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1803 | PA      | $0.00         | 0.00%             | 2046-11-25      | Floating      | 0.35%                 | No            |                  3 | On Loan: No      |
| Verizon Master Trust                                                | Verizon Master Trust, Series 2024-6, Class A1B                                                  | CUSIP: 92348KDF7<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4018126.80   | 0.51%             | 2030-08-20      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                             | Hyundai Capital America                                                                         | CUSIP: 44891ADE4<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998340.00    | 0.13%             | 2027-06-24      | Floating      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2017-H07, Class FG                                                                 | CUSIP: 38376RY26<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1287871 | PA      | $1289798.48   | 0.16%             | 2067-02-20      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp.                                              | Northrop Grumman Corp.                                                                          | CUSIP: 66681LUQ1<br>LEI: RIMU48P07456QXSO0R61 | Long             | STIV             | CORP              | US        |   4700000 | PA      | $4685529.17   | 0.59%             | 2025-07-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                               | Bank of America Corp.                                                                           | CUSIP: 06051GLX5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2109758.28   | 0.27%             | 2027-09-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2014-86, Class PA                                                                  | CUSIP: 3136AMHN2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    152537 | PA      | $135117.51    | 0.02%             | 2044-12-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                                  | Canadian Imperial Bank of Commerce                                                              | CUSIP: 13607PVR2<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $398747.96    | 0.05%             | 2028-01-13      | Floating      | 5.16%                 | No            |                  2 | On Loan: —       |
| Bain Capital Credit CLO Ltd.                                        | Bain Capital Credit CLO Ltd., Series 2020-2A, Class ARR                                         | CUSIP: 05683EAW2<br>LEI: 254900JJEDONFKODOF95 | Long             | ABS-CBDO         | CORP              | KY        |   3200000 | PA      | $3203888.00   | 0.40%             | 2034-07-19      | Floating      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Air Lease Corp.                                                     | Air Lease Corp.                                                                                 | CUSIP: 00913WUH6<br>LEI: 5493004NW4M4P8TMMK63 | Long             | STIV             | CORP              | US        |   2300000 | PA      | $2294808.21   | 0.29%             | 2025-07-17      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                 | U.S. Treasury Ultra Bond                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -148 | NC      | $-452825.14   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co., Inc.                                   | American Electric Power Co., Inc.                                                               | CUSIP: 02557TAD1<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   2346000 | PA      | $2347884.54   | 0.30%             | 2025-08-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Bear Stearns ARM Trust                                              | Bear Stearns ARM Trust, Series 2003-8, Class 4A1                                                | CUSIP: 07384MZV7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2013 | PA      | $2017.95      | 0.00%             | 2034-01-25      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                    | CVS Health Corp.                                                                                | CUSIP: 12665JUE7<br>LEI: 549300EJG376EN5NQE29 | Long             | STIV             | CORP              | US        |   6400000 | PA      | $6387760.64   | 0.80%             | 2025-07-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Co.                                      | Southern California Edison Co., Series 20C                                                      | CUSIP: 842400GV9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2550841.80   | 0.32%             | 2026-02-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                                                  | BMW US Capital LLC                                                                              | CUSIP: 05565ECX1<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    800000 | PA      | $799938.72    | 0.10%             | 2028-03-21      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investors Trust                              | Merrill Lynch Mortgage Investors Trust, Series 2005-3, Class 5A                                 | CUSIP: 59020UL78<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7463 | PA      | $7112.54      | 0.00%             | 2035-11-25      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| Mellon Residential Funding Corp. Mortgage Pass-Through Certificates | Mellon Residential Funding Corp. Mortgage Pass-Through Certificates, Series 2001-TBC1, Class A1 | CUSIP: 585525FC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2147 | PA      | $2077.73      | 0.00%             | 2031-11-15      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| World Omni Automobile Lease Securitization Trust                    | World Omni Automobile Lease Securitization Trust, Series 2024-A, Class A2B                      | CUSIP: 981946AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    972996 | PA      | $973367.84    | 0.12%             | 2027-02-16      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| HarborView Mortgage Loan Trust                                      | HarborView Mortgage Loan Trust, Series 2005-2, Class 2A1A                                       | CUSIP: 41161PLR2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3859 | PA      | $3705.25      | 0.00%             | 2035-05-19      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| WaMu Mortgage Pass-Through Certificates Trust                       | WaMu Mortgage Pass-Through Certificates Trust, Series 2005-AR13, Class A1A1                     | CUSIP: 92922F4M7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15702 | PA      | $15759.33     | 0.00%             | 2045-10-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| GE Aerospace                                                        | GE Aerospace                                                                                    | CUSIP: 36962GW75<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    516000 | PA      | $516659.65    | 0.07%             | 2026-05-05      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner Trust                                 | Nissan Auto Receivables Owner Trust, Series 2023-B, Class A2B                                   | CUSIP: 65480MAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     44778 | PA      | $44782.53     | 0.01%             | 2026-05-15      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Structured Asset Mortgage Investments II Trust                      | Structured Asset Mortgage Investments II Trust, Series 2006-AR4, Class 2A1                      | CUSIP: 86360QAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2932 | PA      | $2886.77      | 0.00%             | 2036-06-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                        | Pacific Gas and Electric Co.                                                                    | CUSIP: 694308KS5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4996977.00   | 0.63%             | 2025-09-04      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                             | BPCE SA                                                                                         | CUSIP: 05583JAN2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $402664.60    | 0.05%             | 2027-01-18      | Variable      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2003-W8, Class 3F2                                                                 | CUSIP: 31393CX40<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5384 | PA      | $5365.82      | 0.00%             | 2042-05-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 3241, Class FM                                                                    | CUSIP: 31397C6D6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3228 | PA      | $3193.94      | 0.00%             | 2036-11-15      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| CSMC Trust                                                          | CSMC Trust, Series 2017-CHOP, Class A                                                           | CUSIP: 12651QAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1904684 | PA      | $1900207.05   | 0.24%             | 2032-07-15      | Floating      | 5.19%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | FNMA                                                                                            | CUSIP: 31402RNW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1649 | PA      | $1674.78      | 0.00%             | 2035-07-01      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| Bear Stearns ARM Trust                                              | Bear Stearns ARM Trust, Series 2007-3, Class 1A1                                                | CUSIP: 073881AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    490778 | PA      | $441830.87    | 0.06%             | 2047-05-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Berry Global, Inc.                                                  | Berry Global, Inc.                                                                              | CUSIP: 08576PAH4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2550184.00   | 0.32%             | 2026-01-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 3245, Class NF                                                                    | CUSIP: 31397CNM7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    102844 | PA      | $102018.28    | 0.01%             | 2036-11-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                 | 3 Month SOFR                                                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      1577 | NC      | $697492.57    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bear Stearns ARM Trust                                              | Bear Stearns ARM Trust, Series 2003-3, Class 3A2                                                | CUSIP: 07384MUR1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5455 | PA      | $5243.45      | 0.00%             | 2033-05-25      | Variable      | 6.64%                 | No            |                  2 | On Loan: No      |
| Harley-Davidson, Inc.                                               | Harley-Davidson, Inc.                                                                           | CUSIP: 412822AD0<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | DBT              | CORP              | US        |   5407000 | PA      | $5400462.94   | 0.68%             | 2025-07-28      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2017-H08, Class FM                                                                 | CUSIP: 38376R2J4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3824875 | PA      | $3857825.60   | 0.49%             | 2067-03-20      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2025-54, Class FM                                                                  | CUSIP: 3136BWNW2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    500000 | PA      | $499844.40    | 0.06%             | 2055-07-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration                         | United States Small Business Administration, Series 2008-20G, Class 1                           | CUSIP: 83162CRX3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    152315 | PA      | $155204.76    | 0.02%             | 2028-07-01      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Corp. Trust                           | GS Mortgage-Backed Securities Corp. Trust, Series 2021-RPL1, Class A1                           | CUSIP: 36261WAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3432310 | PA      | $3218365.02   | 0.41%             | 2060-12-25      | Variable      | 1.75%                 | Yes           |                  2 | On Loan: No      |
| SLM Student Loan Trust                                              | SLM Student Loan Trust, Series 2010-1, Class A                                                  | CUSIP: 78445XAA4<br>LEI: 549300WLW67V4O2Z6P70 | Long             | ABS-O            | CORP              | US        |    962013 | PA      | $928606.04    | 0.12%             | 2025-03-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Jones Lang LaSalle Finance BV                                       | Jones Lang LaSalle Finance BV                                                                   | CUSIP: 48002AU93<br>LEI: 7245008JNMAJF7J71W93 | Long             | STIV             | CORP              | NL        |   1300000 | PA      | $1298506.30   | 0.16%             | 2025-07-09      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                               | Bank of America Corp.                                                                           | CUSIP: 06051GLE7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    645000 | PA      | $646920.23    | 0.08%             | 2027-01-20      | Variable      | 5.08%                 | No            |                  2 | On Loan: —       |
| GNMA                                                                | GNMA, Series 2015-H32, Class FA                                                                 | CUSIP: 38376RMP8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1149965 | PA      | $1151841.14   | 0.15%             | 2065-12-20      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                           | Chesapeake Funding II LLC, Series 2024-1A, Class A2                                             | CUSIP: 165183DJ0<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   1320958 | PA      | $1321729.17   | 0.17%             | 2036-05-15      | Floating      | 5.07%                 | Yes           |                  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        |    800000 | PA      | $800022.40    | 0.10%             | 2033-04-18      | Floating      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| BMW US Capital LLC                                                  | BMW US Capital LLC                                                                              | CUSIP: 05565ECV5<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2099676.39   | 0.26%             | 2027-03-19      | Floating      | 5.18%                 | Yes           |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                             | CarMax Auto Owner Trust, Series 2022-2, Class A3                                                | CUSIP: 14317HAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    706638 | PA      | $704951.97    | 0.09%             | 2027-02-16      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2015-H04, Class FA                                                                 | CUSIP: 38378U8L4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    528299 | PA      | $528547.95    | 0.07%             | 2064-12-20      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Inflation Linked Notes                                                            | CUSIP: 91282CKL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3010000 | PA      | $3205278.72   | 0.40%             | 2029-04-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC                             | Volkswagen Group of America Finance LLC                                                         | CUSIP: 928668BL5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $986168.30    | 0.12%             | 2025-11-24      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                                 | GS Mortgage-Backed Securities Trust, Series 2021-GR2, Class A9                                  | CUSIP: 36262JAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1846877 | PA      | $1711282.10   | 0.22%             | 2052-02-25      | Floating      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                 | U.S. Treasury 5 Year Note                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       536 | NC      | $626154.18    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GM Financial Automobile Leasing Trust                               | GM Financial Automobile Leasing Trust, Series 2024-3, Class A2A                                 | CUSIP: 38012QAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2792971 | PA      | $2787312.93   | 0.35%             | 2027-01-20      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| Alternative Loan Trust                                              | Alternative Loan Trust, Series 2005-62, Class 2A1                                               | CUSIP: 12668ATT2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     18164 | PA      | $15549.94     | 0.00%             | 2035-12-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                    | Bank of Montreal                                                                                | CUSIP: 06368L8M1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1400000 | PA      | $1404061.40   | 0.18%             | 2027-09-10      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA                                                                                            | CUSIP: 31409BB48<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14578 | PA      | $15135.80     | 0.00%             | 2036-03-01      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                          | Navient Student Loan Trust, Series 2023-BA, Class A1B                                           | CUSIP: 63942TAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    843218 | PA      | $850316.08    | 0.11%             | 2072-03-15      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| WaMu Mortgage Pass-Through Certificates Trust                       | WaMu Mortgage Pass-Through Certificates Trust, Series 2005-AR15, Class A1A1                     | CUSIP: 92922F5T1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6878 | PA      | $6606.37      | 0.00%             | 2045-11-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Nomura Holdings, Inc.                                               | Nomura Holdings, Inc.                                                                           | CUSIP: 65535HBG3<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   1700000 | PA      | $1707805.89   | 0.22%             | 2026-01-09      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| HarborView Mortgage Loan Trust                                      | HarborView Mortgage Loan Trust, Series 2006-1, Class 2A1A                                       | CUSIP: 41161PA86<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     31664 | PA      | $28906.41     | 0.00%             | 2036-03-19      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2019-53, Class FA                                                                  | CUSIP: 3136B5K95<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1262737 | PA      | $1234118.11   | 0.16%             | 2049-09-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 4615, Class AF                                                                    | CUSIP: 3137BRYG4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    298428 | PA      | $294431.96    | 0.04%             | 2038-10-15      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| GCAT Trust                                                          | GCAT Trust, Series 2021-NQM3, Class A1                                                          | CUSIP: 36167HAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1014391 | PA      | $879277.76    | 0.11%             | 2066-05-25      | Variable      | 1.09%                 | Yes           |                  2 | On Loan: No      |
| BPCE SA                                                             | BPCE SA                                                                                         | CUSIP: 05583JAH5<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    750000 | PA      | $743576.18    | 0.09%             | 2026-10-06      | Variable      | 1.65%                 | Yes           |                  2 | On Loan: No      |
| Alternative Loan Trust                                              | Alternative Loan Trust, Series 2005-61, Class 2A1                                               | CUSIP: 12668AVP7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4401 | PA      | $4015.38      | 0.00%             | 2035-12-25      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| Aircastle Ltd.                                                      | Aircastle Ltd.                                                                                  | CUSIP: 00928QAS0<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $2986072.20   | 0.38%             | 2026-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MFA Trust                                                           | MFA Trust, Series 2020-NQM2, Class A1                                                           | CUSIP: 552751AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    380062 | PA      | $368496.37    | 0.05%             | 2065-04-25      | Variable      | 1.38%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC                                                                                           | CUSIP: 3128NFFX0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     84020 | PA      | $85893.47     | 0.01%             | 2036-07-01      | Variable      | 6.56%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                                         | ONEOK, Inc.                                                                                     | CUSIP: 682680CB7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1193100.72   | 0.15%             | 2027-09-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2019-9, Class FA                                                                   | CUSIP: 3136B33L2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    222767 | PA      | $220809.98    | 0.03%             | 2049-03-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                             | Hyundai Capital America                                                                         | CUSIP: 44891CCW1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2010800.00   | 0.25%             | 2027-01-08      | Floating      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| PNC Bank NA                                                         | PNC Bank NA                                                                                     | CUSIP: 69353RFW3<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3497845.75   | 0.44%             | 2027-01-15      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                                  | Credit Agricole SA                                                                              | CUSIP: 22534PAJ2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    905000 | PA      | $907335.62    | 0.11%             | 2027-03-11      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Bank NA                                              | Morgan Stanley Bank NA                                                                          | CUSIP: 61690U8F0<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5002809.50   | 0.63%             | 2027-10-15      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Allegro CLO XI Ltd.                                                 | Allegro CLO XI Ltd., Series 2019-2A, Class A1AR                                                 | CUSIP: 01750HAQ5<br>LEI: 2549008FHFGEJOVBP855 | Long             | ABS-CBDO         | CORP              | KY        |   3200000 | PA      | $3201302.40   | 0.40%             | 2033-01-19      | Floating      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| CQS US CLO Ltd.                                                     | CQS US CLO Ltd., Series 2021-1A, Class AR                                                       | CUSIP: 12659UAL6<br>LEI: 549300GF7PVRIKZNMY06 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999112.00    | 0.13%             | 2035-01-20      | Floating      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| Barclays plc                                                        | Barclays plc                                                                                    | CUSIP: 06738EAN5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1700000 | PA      | $1695747.96   | 0.21%             | 2026-01-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                                         | ONEOK, Inc.                                                                                     | CUSIP: 682680BA0<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    300000 | PA      | $298526.58    | 0.04%             | 2025-09-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Sculptor CLO XXVII Ltd.                                             | Sculptor CLO XXVII Ltd., Series 27A, Class A1R                                                  | CUSIP: 81124UAW4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2300000 | PA      | $2298850.00   | 0.29%             | 2034-07-20      | Floating      | 5.33%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC                                                                                           | CUSIP: 3128JPHS2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3822 | PA      | $3948.75      | 0.00%             | 2035-11-01      | Variable      | 6.68%                 | No            |                  2 | On Loan: No      |
| Standard Chartered plc                                              | Standard Chartered plc                                                                          | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | DBT              | CORP              | GB        |   1500000 | PA      | $1493250.00   | 0.19%             | 2026-04-12      | Fixed         | 4.05%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2020-17, Class EU                                                                  | CUSIP: 38382CP47<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    187801 | PA      | $167255.15    | 0.02%             | 2049-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BWAY Mortgage Trust                                                 | BWAY Mortgage Trust, Series 2021-1450, Class A                                                  | CUSIP: 12430YAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2428659.75   | 0.31%             | 2036-09-15      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Porsche Innovative Lease Owner Trust                                | Porsche Innovative Lease Owner Trust, Series 2024-2A, Class A2A                                 | CUSIP: 73328NAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1314068 | PA      | $1313462.01   | 0.17%             | 2026-12-21      | Fixed         | 4.47%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2013-H13, Class FT                                                                 | CUSIP: 38375B2L5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     68292 | PA      | $68018.44     | 0.01%             | 2063-05-20      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2021-H09, Class FG                                                                 | CUSIP: 38380Q4V1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1239313 | PA      | $1264919.86   | 0.16%             | 2071-06-20      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Kommunalbanken A/S                                                  | Kommunalbanken A/S                                                                              | CUSIP: 50047JAP3<br>LEI: I7ETN0QQO2AHZZGHJ389 | Long             | DBT              | NUSS              | NO        |   7350000 | PA      | $7351726.52   | 0.93%             | 2028-03-03      | Floating      | 4.70%                 | Yes           |                  2 | On Loan: No      |
| MASTR Alternative Loan Trust                                        | MASTR Alternative Loan Trust, Series 2003-5, Class 6A1                                          | CUSIP: 576434FH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    110046 | PA      | $111524.73    | 0.01%             | 2033-08-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                        | Avolon Holdings Funding Ltd.                                                                    | CUSIP: 05401AAM3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    601000 | PA      | $589040.10    | 0.07%             | 2026-02-21      | Fixed         | 2.12%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 330, Class F4                                                                     | CUSIP: 31351DDT5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1196671 | PA      | $1181519.25   | 0.15%             | 2037-10-15      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                                 | Toyota Auto Receivables Owner Trust, Series 2024-D, Class A2B                                   | CUSIP: 89239TAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1878560 | PA      | $1878979.35   | 0.24%             | 2027-08-16      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| American Home Mortgage Assets Trust                                 | American Home Mortgage Assets Trust, Series 2006-1, Class 2A1                                   | CUSIP: 02660WAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1013403 | PA      | $887540.01    | 0.11%             | 2046-05-25      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Jamestown CLO XVIII Ltd.                                            | Jamestown CLO XVIII Ltd., Series 2022-18A, Class A1R                                            | CUSIP: 47047RAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3200000 | PA      | $3197510.40   | 0.40%             | 2035-07-25      | Floating      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                                            | Cooperatieve Rabobank UA                                                                        | CUSIP: 21688ABG6<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   7000000 | PA      | $7014209.30   | 0.88%             | 2026-08-28      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                               | Athene Global Funding                                                                           | CUSIP: 04685A4F5<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2003338.40   | 0.25%             | 2027-01-07      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| HSBC Holdings plc                                                   | HSBC Holdings plc                                                                               | CUSIP: 404280DY2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $907795.53    | 0.11%             | 2027-08-14      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Conagra Brands, Inc.                                                | Conagra Brands, Inc.                                                                            | CUSIP: 205887CB6<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5494556.65   | 0.69%             | 2025-11-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                 | Citigroup Commercial Mortgage Trust, Series 2016-C2, Class AAB                                  | CUSIP: 17291CBS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    438597 | PA      | $436167.09    | 0.05%             | 2049-08-10      | Fixed         | 2.71%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2021-122, Class FA                                                                 | CUSIP: 38382WCY1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   9865688 | PA      | $8455831.46   | 1.07%             | 2051-07-20      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 3222, Class FN                                                                    | CUSIP: 31397ASY0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5832 | PA      | $5775.62      | 0.00%             | 2036-09-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2016-11, Class AF                                                                  | CUSIP: 3136ARPW2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1075433 | PA      | $1068733.17   | 0.13%             | 2046-03-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| IndyMac INDX Mortgage Loan Trust                                    | IndyMac INDX Mortgage Loan Trust, Series 2004-AR11, Class 2A                                    | CUSIP: 45660N6S9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16609 | PA      | $15622.77     | 0.00%             | 2034-12-25      | Variable      | 4.59%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp.                                                     | Air Lease Corp.                                                                                 | CUSIP: 00913WUJ2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | STIV             | CORP              | US        |   5600000 | PA      | $5586594.16   | 0.70%             | 2025-07-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Securities Trust                | JP Morgan Chase Commercial Mortgage Securities Trust, Series 2019-FL12, Class A                 | CUSIP: 46651QAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    275649 | PA      | $256322.41    | 0.03%             | 2031-12-15      | Floating      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| Crown Castle, Inc.                                                  | Crown Castle, Inc.                                                                              | CUSIP: 22823PUN1<br>LEI: 54930012H97VSM0I2R19 | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1993879.60   | 0.25%             | 2025-07-22      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                        | Ford Credit Auto Owner Trust, Series 2024-C, Class A2A                                          | CUSIP: 34532UAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5059694 | PA      | $5055405.48   | 0.64%             | 2027-08-15      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                                 | Toyota Auto Receivables Owner Trust, Series 2025-B, Class A2B                                   | CUSIP: 89231HAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4000040.40   | 0.50%             | 2028-03-15      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                           | Towd Point Mortgage Trust, Series 2018-3, Class A1                                              | CUSIP: 89175MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    618833 | PA      | $606420.18    | 0.08%             | 2058-05-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| FHLB                                                                | FHLB                                                                                            | CUSIP: 3130ALGJ7<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGA              | US        |  17550000 | PA      | $17143819.29  | 2.16%             | 2026-03-23      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust                  | GM Financial Consumer Automobile Receivables Trust, Series 2024-4, Class A2A                    | CUSIP: 38014AAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2302174 | PA      | $2300531.83   | 0.29%             | 2027-10-18      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| Structured Asset Mortgage Investments II Trust                      | Structured Asset Mortgage Investments II Trust, Series 2005-AR5, Class A1                       | CUSIP: 86359LPD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16109 | PA      | $15391.25     | 0.00%             | 2035-07-19      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2015-64, Class KF                                                                  | CUSIP: 3136AP3B6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1038326 | PA      | $1020608.61   | 0.13%             | 2045-09-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trust                                     | CFCRE Commercial Mortgage Trust, Series 2017-C8, Class ASB                                      | CUSIP: 12532CAY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1082159 | PA      | $1072824.10   | 0.14%             | 2050-06-15      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust                  | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2017-C33, Class ASB                  | CUSIP: 61767CAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1203536 | PA      | $1194060.75   | 0.15%             | 2050-05-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2019-41, Class FD                                                                  | CUSIP: 3136B5TY1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    664138 | PA      | $651828.16    | 0.08%             | 2059-08-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                            | JP Morgan Mortgage Trust, Series 2024-9, Class A11                                              | CUSIP: 46593DAX5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1550427 | PA      | $1556741.55   | 0.20%             | 2055-02-25      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| CBRE Services, Inc.                                                 | CBRE Services, Inc.                                                                             | CUSIP: 12610BUA8<br>LEI: 549300CTE3HOMEUMM603 | Long             | STIV             | CORP              | US        |   6800000 | PA      | $6791027.40   | 0.86%             | 2025-07-10      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC Structured Pass-Through Certificates, Series T-62, Class 1A1                              | CUSIP: 31395HHV5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     84115 | PA      | $77011.45     | 0.01%             | 2044-10-25      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Structured Asset Mortgage Investments II Trust                      | Structured Asset Mortgage Investments II Trust, Series 2004-AR5, Class 1A1                      | CUSIP: 86359LDX4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5621 | PA      | $5379.59      | 0.00%             | 2034-10-19      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                                 | Starwood Mortgage Residential Trust, Series 2020-3, Class A1                                    | CUSIP: 85573MAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    205297 | PA      | $197939.96    | 0.02%             | 2065-04-25      | Variable      | 1.49%                 | Yes           |                  2 | On Loan: No      |
| Pacific Life Global Funding II                                      | Pacific Life Global Funding II                                                                  | CUSIP: 6944PL3G2<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4984060.00   | 0.63%             | 2027-02-04      | Floating      | 4.91%                 | Yes           |                  2 | On Loan: —       |
| FHLMC                                                               | FHLMC, Series 5557, Class FM                                                                    | CUSIP: 3137HLZ21<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    800000 | PA      | $799751.04    | 0.10%             | 2055-07-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2012-H08, Class FC                                                                 | CUSIP: 38375BQS4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    228710 | PA      | $229327.36    | 0.03%             | 2062-04-20      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 2142, Class Z                                                                     | CUSIP: 3133TKDP2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       543 | PA      | $546.00       | 0.00%             | 2029-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                          | Verus Securitization Trust, Series 2024-1, Class A1                                             | CUSIP: 92540EAA1<br>LEI: 984500A3F1D749452747 | Long             | ABS-MBS          | CORP              | US        |   1089483 | PA      | $1091499.84   | 0.14%             | 2069-01-25      | Variable      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2020-63, Class PF                                                                  | CUSIP: 38382FGN8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4208602 | PA      | $4056326.76   | 0.51%             | 2050-04-20      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                          | Aviation Capital Group LLC                                                                      | CUSIP: 05369AAK7<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    400000 | PA      | $393812.72    | 0.05%             | 2026-01-30      | Fixed         | 1.95%                 | Yes           |                  2 | On Loan: No      |
| Citizens Auto Receivables Trust                                     | Citizens Auto Receivables Trust, Series 2023-1, Class A3                                        | CUSIP: 17331KAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1040389 | PA      | $1046692.32   | 0.13%             | 2028-01-18      | Fixed         | 5.84%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                           | Towd Point Mortgage Trust, Series 2019-HY2, Class A1                                            | CUSIP: 89177HAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    317099 | PA      | $324458.15    | 0.04%             | 2058-05-25      | Floating      | 5.43%                 | Yes           |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                      | Carvana Auto Receivables Trust, Series 2023-P5, Class A2                                        | CUSIP: 14687RAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     35558 | PA      | $35567.80     | 0.00%             | 2027-04-12      | Fixed         | 5.77%                 | Yes           |                  2 | On Loan: No      |
| MPLX LP                                                             | MPLX LP                                                                                         | CUSIP: 55336VBR0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2945978.10   | 0.37%             | 2026-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA                                                                                            | CUSIP: 3135G07M9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   6000000 | PA      | $6019072.20   | 0.76%             | 2027-11-05      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| Bear Stearns ARM Trust                                              | Bear Stearns ARM Trust, Series 2004-10, Class 15A1                                              | CUSIP: 07384M4G4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6548 | PA      | $6536.41      | 0.00%             | 2035-01-25      | Variable      | 7.49%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA                                                                                            | CUSIP: 31407UMR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     33960 | PA      | $34737.12     | 0.00%             | 2034-11-01      | Variable      | 6.96%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                                                | American Tower Corp.                                                                            | CUSIP: 03027XBB5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    700000 | PA      | $695112.74    | 0.09%             | 2025-09-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 3898, Class TF                                                                    | CUSIP: 3137ADYR2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      9399 | PA      | $9297.41      | 0.00%             | 2039-07-15      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| WaMu Mortgage Pass-Through Certificates Trust                       | WaMu Mortgage Pass-Through Certificates Trust, Series 2003-AR1, Class A5                        | CUSIP: 939336PB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     66454 | PA      | $65684.74     | 0.01%             | 2033-03-25      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 4678, Class AF                                                                    | CUSIP: 3137BWWX8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1405556 | PA      | $1391013.88   | 0.18%             | 2042-12-15      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| N/A                                                                 | U.S. Treasury 2 Year Note                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     -1845 | NC      | $-1227316.13  | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                 | U.S. Treasury 10 Year Note                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -2 | NC      | $-5190.30     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 5484, Class FA                                                                    | CUSIP: 3137HHKS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1897476 | PA      | $1901380.48   | 0.24%             | 2054-12-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| WaMu Mortgage Pass-Through Certificates Trust                       | WaMu Mortgage Pass-Through Certificates Trust, Series 2002-AR17, Class 1A                       | CUSIP: 929227XB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       738 | PA      | $706.00       | 0.00%             | 2042-11-25      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                              | SLM Student Loan Trust, Series 2012-3, Class A                                                  | CUSIP: 78447AAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2895761 | PA      | $2862499.37   | 0.36%             | 2038-12-27      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| FirstKey Homes Trust                                                | FirstKey Homes Trust, Series 2020-SFR2, Class A                                                 | CUSIP: 33767JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4637312 | PA      | $4579446.52   | 0.58%             | 2037-10-19      | Fixed         | 1.27%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2025-6, Class FA                                                                   | CUSIP: 3136BUTN0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    902040 | PA      | $905510.61    | 0.11%             | 2055-02-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                           | Ford Motor Credit Co. LLC                                                                       | CUSIP: 345397C50<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503440.00    | 0.06%             | 2026-03-06      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                                               | Arroyo Mortgage Trust, Series 2021-1R, Class A1                                                 | CUSIP: 042853AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    431558 | PA      | $388980.61    | 0.05%             | 2048-10-25      | Variable      | 1.18%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                      | Morgan Stanley                                                                                  | CUSIP: 61747YET8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2199866.46   | 0.28%             | 2026-07-17      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                | JPMorgan Chase & Co.                                                                            | CUSIP: 46647PCQ7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2403215.52   | 0.30%             | 2027-09-22      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 2411, Class FJ                                                                    | CUSIP: 31339D4L9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       164 | PA      | $163.29       | 0.00%             | 2029-12-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 343, Class F4                                                                     | CUSIP: 31351DEC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    356459 | PA      | $351513.02    | 0.04%             | 2037-10-15      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| CHL Mortgage Pass-Through Trust                                     | CHL Mortgage Pass-Through Trust, Series 2005-3, Class 1A2                                       | CUSIP: 12669GTQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     31667 | PA      | $30135.06     | 0.00%             | 2035-04-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 4948, Class E                                                                     | CUSIP: 3137FQZF3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    358910 | PA      | $328279.16    | 0.04%             | 2048-10-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2024-103, Class FC                                                                 | CUSIP: 3136BUQH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3841215 | PA      | $3838377.19   | 0.48%             | 2055-01-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| BCAP LLC Trust                                                      | BCAP LLC Trust, Series 2006-AA2, Class A1                                                       | CUSIP: 05530MAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    115933 | PA      | $106576.34    | 0.01%             | 2037-01-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                                                | American Tower Corp.                                                                            | CUSIP: 03027XBL3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3225097.26   | 0.41%             | 2026-04-15      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Bear Stearns ARM Trust                                              | Bear Stearns ARM Trust, Series 2003-8, Class 2A1                                                | CUSIP: 07384MZS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       470 | PA      | $450.65       | 0.00%             | 2034-01-25      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                     | Citigroup, Inc.                                                                                 | CUSIP: 17327CAM5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $980371.60    | 0.12%             | 2027-01-28      | Variable      | 1.12%                 | No            |                  2 | On Loan: No      |
| TSTAT Ltd.                                                          | TSTAT Ltd., Series 2022-1A, Class A1RR                                                          | CUSIP: 872899AY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |    654995 | PA      | $655260.48    | 0.08%             | 2037-07-20      | Floating      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| RALI Trust                                                          | RALI Trust, Series 2005-QO1, Class A1                                                           | CUSIP: 761118EN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6943 | PA      | $4858.24      | 0.00%             | 2035-08-25      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust                           | Navient Private Education Refi Loan Trust, Series 2020-DA, Class A                              | CUSIP: 63941HAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    661711 | PA      | $625096.34    | 0.08%             | 2069-05-15      | Fixed         | 1.69%                 | Yes           |                  2 | On Loan: No      |
| Alternative Loan Trust                                              | Alternative Loan Trust, Series 2006-OA22, Class A1                                              | CUSIP: 23245PAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     84997 | PA      | $83003.44     | 0.01%             | 2047-02-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Nissan Motor Acceptance Co. LLC                                     | Nissan Motor Acceptance Co. LLC                                                                 | CUSIP: 65480CAC9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3815000.00   | 0.48%             | 2026-09-16      | Fixed         | 1.85%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2019-60, Class WF                                                                  | CUSIP: 3136B6VA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    619461 | PA      | $613594.18    | 0.08%             | 2059-10-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| WaMu Mortgage Pass-Through Certificates Trust                       | WaMu Mortgage Pass-Through Certificates Trust, Series 2006-AR15, Class 2A                       | CUSIP: 93363QAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8631 | PA      | $7631.27      | 0.00%             | 2046-11-25      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| BofA Auto Trust                                                     | BofA Auto Trust, Series 2025-1A, Class A2B                                                      | CUSIP: 05594BAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3001127.10   | 0.38%             | 2027-11-22      | Floating      | 4.85%                 | Yes           |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                             | CarMax Auto Owner Trust, Series 2024-1, Class A2A                                               | CUSIP: 14318WAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    236658 | PA      | $236843.03    | 0.03%             | 2027-03-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Structured Asset Mortgage Investments II Trust                      | Structured Asset Mortgage Investments II Trust, Series 2006-AR5, Class 1A1                      | CUSIP: 86360JAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    251030 | PA      | $174629.81    | 0.02%             | 2036-05-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                                             | GA Global Funding Trust                                                                         | CUSIP: 36143L2G9<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2897638.50   | 0.37%             | 2027-01-06      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                 | New Residential Mortgage Loan Trust, Series 2021-NQ2R, Class A1                                 | CUSIP: 64831EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    665562 | PA      | $633634.59    | 0.08%             | 2058-10-25      | Variable      | 0.94%                 | Yes           |                  2 | On Loan: No      |
| Jackson National Life Global Funding                                | Jackson National Life Global Funding                                                            | CUSIP: 46849LVC2<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1509453.45   | 0.19%             | 2027-01-13      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                              | Sequoia Mortgage Trust, Series 2003-4, Class 2A1                                                | CUSIP: 81743PBW5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    135959 | PA      | $135055.57    | 0.02%             | 2033-07-20      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC                             | Volkswagen Group of America Finance LLC                                                         | CUSIP: 928668CJ9<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1392000 | PA      | $1392308.05   | 0.18%             | 2026-08-14      | Floating      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| FHLB                                                                | FHLB                                                                                            | CUSIP: 3130ALED2<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGA              | US        |  30000000 | PA      | $28615851.00  | 3.61%             | 2027-02-24      | Fixed         | 1.02%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 5560, Class FB                                                                    | CUSIP: 3137HLZD7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    800000 | PA      | $800388.80    | 0.10%             | 2055-06-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| MASTR Adjustable Rate Mortgages Trust                               | MASTR Adjustable Rate Mortgages Trust, Series 2004-13, Class 3A7                                | CUSIP: 576433UM6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5915 | PA      | $5704.87      | 0.00%             | 2034-11-21      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 5549, Class CF                                                                    | CUSIP: 3137HLSA1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3853350 | PA      | $3761051.43   | 0.47%             | 2052-10-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2019-90, Class F                                                                   | CUSIP: 38381XFA9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1149051 | PA      | $1116216.63   | 0.14%             | 2049-07-20      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 5517, Class VF                                                                    | CUSIP: 3137HKP40<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5481260 | PA      | $5484071.03   | 0.69%             | 2055-03-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| SBA Tower Trust                                                     | SBA Tower Trust                                                                                 | CUSIP: 78403DBD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1498199.85   | 0.19%             | 2029-10-15      | Fixed         | 4.83%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bills                                                                             | CUSIP: 912797PY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   3800000 | PA      | $3761896.64   | 0.47%             | 2025-09-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                                            | Lloyds Banking Group plc                                                                        | CUSIP: 539439BB4<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1600000 | PA      | $1603574.88   | 0.20%             | 2028-11-26      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Bank of America Auto Trust                                          | Bank of America Auto Trust, Series 2023-2A, Class A2                                            | CUSIP: 06054YAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     91151 | PA      | $91188.70     | 0.01%             | 2026-08-17      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                            | PNC Financial Services Group, Inc. (The)                                                        | CUSIP: 693475BB0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1933649.40   | 0.24%             | 2026-08-13      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2018-H18, Class FC                                                                 | CUSIP: 38380LMV2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    292533 | PA      | $292496.17    | 0.04%             | 2065-08-20      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                                        | Barclays plc                                                                                    | CUSIP: 06738ECQ6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1400000 | PA      | $1411066.86   | 0.18%             | 2028-03-12      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                                       | Citigroup Mortgage Loan Trust, Series 2005-12, Class 2A1                                        | CUSIP: 17307GY69<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     27559 | PA      | $26774.75     | 0.00%             | 2035-08-25      | Floating      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                               | NextEra Energy Capital Holdings, Inc.                                                           | CUSIP: 65339KCR9<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5011020.50   | 0.63%             | 2026-01-29      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bills                                                                             | CUSIP: 912797RD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  10700000 | PA      | $10560193.80  | 1.33%             | 2025-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 5549, Class FA                                                                    | CUSIP: 3137HLST0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5355932 | PA      | $5377605.54   | 0.68%             | 2055-06-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Structured Adjustable Rate Mortgage Loan Trust                      | Structured Adjustable Rate Mortgage Loan Trust, Series 2005-17, Class 3A1                       | CUSIP: 863579VM7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     17347 | PA      | $15098.24     | 0.00%             | 2035-08-25      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                                   | HSBC Holdings plc                                                                               | CUSIP: 404280DZ9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1300000 | PA      | $1317528.16   | 0.17%             | 2027-08-14      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                     | Goldman Sachs Group, Inc. (The)                                                                 | CUSIP: 38141GVX9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1015971.30   | 0.13%             | 2027-10-28      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                           | Nelnet Student Loan Trust, Series 2016-1A, Class A                                              | CUSIP: 64033UAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1996375 | PA      | $1994114.62   | 0.25%             | 2065-09-25      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | FNMA                                                                                            | CUSIP: 31406BEX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1200 | PA      | $1227.03      | 0.00%             | 2035-01-01      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| Black Hills Corp.                                                   | Black Hills Corp.                                                                               | CUSIP: 092113AL3<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2486965.25   | 0.31%             | 2026-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                        | Pacific Gas and Electric Co.                                                                    | CUSIP: 694308JL2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1099952.48   | 0.14%             | 2025-07-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                                            | CUSIP: 3138E1BZ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2318986 | PA      | $2292042.63   | 0.29%             | 2026-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 5513, Class MF                                                                    | CUSIP: 3137HKEX8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15855610 | PA      | $15814023.58  | 1.99%             | 2054-11-25      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                             | CarMax Auto Owner Trust, Series 2023-4, Class A2B                                               | CUSIP: 14318XAH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    393188 | PA      | $393289.39    | 0.05%             | 2026-12-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust                                   | World Omni Auto Receivables Trust, Series 2024-C, Class A2A                                     | CUSIP: 98164NAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    487999 | PA      | $488145.66    | 0.06%             | 2028-01-18      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Structured Asset Mortgage Investments II Trust                      | Structured Asset Mortgage Investments II Trust, Series 2005-AR5, Class A2                       | CUSIP: 86359LPE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7235 | PA      | $7172.28      | 0.00%             | 2035-07-19      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| ABN AMRO Bank NV                                                    | ABN AMRO Bank NV                                                                                | CUSIP: 00084DBE9<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $499228.50    | 0.06%             | 2028-12-03      | Floating      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| Reperforming Loan REMIC Trust                                       | Reperforming Loan REMIC Trust, Series 2005-R2, Class 1AF1                                       | CUSIP: 12669GN64<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4926 | PA      | $4739.19      | 0.00%             | 2035-06-25      | Floating      | 4.77%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 5115, Class EM                                                                    | CUSIP: 3137H0W53<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4393448 | PA      | $3855094.91   | 0.49%             | 2044-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                | JPMorgan Chase & Co.                                                                            | CUSIP: 46647PDZ6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5022649.50   | 0.63%             | 2028-01-23      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Entergy Corp.                                                       | Entergy Corp.                                                                                   | CUSIP: 29364GAM5<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1787752.80   | 0.23%             | 2025-09-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners Static Ltd.                                  | Golub Capital Partners Static Ltd., Series 2024-1A, Class A1                                    | CUSIP: 381929AA6<br>LEI: 25490083RWI1EQQYLH43 | Long             | ABS-CBDO         | CORP              | KY        |   2026333 | PA      | $2026332.55   | 0.26%             | 2033-04-20      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                        | Pacific Gas and Electric Co.                                                                    | CUSIP: 694308JP3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3964308.00   | 0.50%             | 2026-01-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co. LP                                         | Penske Truck Leasing Co. LP                                                                     | CUSIP: 709599BL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6110000 | PA      | $6030601.77   | 0.76%             | 2025-11-15      | Fixed         | 1.20%                 | Yes           |                  2 | On Loan: No      |
| HCA, Inc.                                                           | HCA, Inc.                                                                                       | CUSIP: 40412BVE0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | STIV             | CORP              | US        |   1100000 | PA      | $1093235.00   | 0.14%             | 2025-08-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Weyerhaeuser Co.                                                    | Weyerhaeuser Co.                                                                                | CUSIP: 962166CC6<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              | CORP              | US        |   3090000 | PA      | $3099293.48   | 0.39%             | 2026-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust                  | GM Financial Consumer Automobile Receivables Trust, Series 2022-4, Class A4                     | CUSIP: 36265QAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1004665.10   | 0.13%             | 2028-08-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                               | Athene Global Funding                                                                           | CUSIP: 04685A4J7<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2805561.92   | 0.35%             | 2026-07-16      | Floating      | 5.18%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                                       | Citigroup Mortgage Loan Trust, Series 2005-11, Class A1A                                        | CUSIP: 17307GW53<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       584 | PA      | $588.08       | 0.00%             | 2035-05-25      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 4367, Class GF                                                                    | CUSIP: 3137BCL48<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    872258 | PA      | $860822.99    | 0.11%             | 2037-03-15      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2007-84, Class FN                                                                  | CUSIP: 31396XLZ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    102784 | PA      | $102050.36    | 0.01%             | 2037-08-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Rad CLO 4 Ltd.                                                      | Rad CLO 4 Ltd., Series 2019-4A, Class AR                                                        | CUSIP: 749984AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1642372 | PA      | $1643686.13   | 0.21%             | 2032-04-25      | Floating      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                              | Sequoia Mortgage Trust, Series 2005-2, Class A2                                                 | CUSIP: 81744FGZ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     79742 | PA      | $74210.20     | 0.01%             | 2035-03-20      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Nissan Motor Acceptance Co. LLC                                     | Nissan Motor Acceptance Co. LLC                                                                 | CUSIP: 654740BS7<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1072500.00   | 0.14%             | 2026-03-09      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2025-4, Class FB                                                                   | CUSIP: 3136BUU65<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    972242 | PA      | $974240.97    | 0.12%             | 2053-12-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Rogers Communications, Inc.                                         | Rogers Communications, Inc.                                                                     | CUSIP: 775109BE0<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   3763000 | PA      | $3743010.57   | 0.47%             | 2025-12-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                                       | Citigroup Mortgage Loan Trust, Series 2005-11, Class A2A                                        | CUSIP: 17307GW79<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     21676 | PA      | $22454.76     | 0.00%             | 2035-10-25      | Floating      | 7.23%                 | No            |                  2 | On Loan: No      |
| Synchrony Card Issuance Trust                                       | Synchrony Card Issuance Trust, Series 2025-A1, Class A                                          | CUSIP: 87166PAP6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1521759.00   | 0.19%             | 2031-02-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Tulane University                                                   | University of Tulane, Series 2007C                                                              | CUSIP: 899062BQ5<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1880000 | PA      | $1744267.76   | 0.22%             | 2036-02-15      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC Structured Pass-Through Certificates, Series T-63, Class 1A1                              | CUSIP: 31395M2F5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    109116 | PA      | $105425.88    | 0.01%             | 2045-02-25      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co., Inc.                                   | American Electric Power Co., Inc., Series N                                                     | CUSIP: 025537AR2<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1876660.97   | 0.24%             | 2025-11-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                                         | Extended Stay America Trust, Series 2021-ESH, Class A                                           | CUSIP: 30227FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6004094 | PA      | $6005972.34   | 0.76%             | 2038-07-15      | Floating      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 4774, Class BF                                                                    | CUSIP: 3137F4UZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1462800 | PA      | $1411623.73   | 0.18%             | 2048-02-15      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd.                                                       | Voya CLO Ltd., Series 2019-2A, Class AR                                                         | CUSIP: 92917RAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3613543 | PA      | $3611779.55   | 0.46%             | 2032-07-20      | Floating      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 413, Class F25                                                                    | CUSIP: 3133Q3LH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4318520 | PA      | $4320462.47   | 0.54%             | 2054-05-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| WaMu Mortgage Pass-Through Certificates Trust                       | WaMu Mortgage Pass-Through Certificates Trust, Series 2002-AR2, Class A                         | CUSIP: 929227LE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       362 | PA      | $349.17       | 0.00%             | 2034-02-27      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                                             | GA Global Funding Trust                                                                         | CUSIP: 36143L2A2<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2857598.81   | 0.36%             | 2026-01-15      | Fixed         | 1.62%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2024-38, Class FA                                                                  | CUSIP: 3136BR4S3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3054040 | PA      | $3054361.52   | 0.38%             | 2051-01-25      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA                                                                                            | CUSIP: 31404Q5M7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     42274 | PA      | $42083.92     | 0.01%             | 2044-03-01      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| Weyerhaeuser Co.                                                    | Weyerhaeuser Co.                                                                                | CUSIP: 969133AJ6<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              | CORP              | US        |   1232000 | PA      | $1262090.37   | 0.16%             | 2026-07-01      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                    | Deutsche Bank AG                                                                                | CUSIP: 25152R2Y8<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    500000 | PA      | $499187.35    | 0.06%             | 2026-01-13      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC                                                                                           | CUSIP: 3128NHPT4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     27760 | PA      | $28342.98     | 0.00%             | 2036-09-01      | Variable      | 7.19%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 4779, Class WF                                                                    | CUSIP: 3137F4BX9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1305025 | PA      | $1281208.16   | 0.16%             | 2044-07-15      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                                        | New York Life Global Funding                                                                    | CUSIP: 64953BBY3<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $11024038.30  | 1.39%             | 2027-06-11      | Floating      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                           | Ford Motor Credit Co. LLC                                                                       | CUSIP: 345397XU2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    725000 | PA      | $719859.75    | 0.09%             | 2026-01-08      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                                 | Starwood Mortgage Residential Trust, Series 2021-2, Class A1                                    | CUSIP: 85573HAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1776321 | PA      | $1663225.26   | 0.21%             | 2065-05-25      | Variable      | 0.94%                 | Yes           |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                        | Avolon Holdings Funding Ltd.                                                                    | CUSIP: 05401AAK7<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1500000 | PA      | $1502085.00   | 0.19%             | 2026-01-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2016-97, Class CF                                                                  | CUSIP: 3136AUPW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    699768 | PA      | $685771.29    | 0.09%             | 2056-12-25      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| WaMu Mortgage Pass-Through Certificates Trust                       | WaMu Mortgage Pass-Through Certificates Trust, Series 2006-AR7, Class 3A                        | CUSIP: 93363CAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     40285 | PA      | $36447.06     | 0.00%             | 2046-07-25      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2024-90, Class FB                                                                  | CUSIP: 3136BTXD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2746649 | PA      | $2756013.71   | 0.35%             | 2053-11-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding XLVI Ltd.                                      | Madison Park Funding XLVI Ltd., Series 2020-46A, Class ARR                                      | CUSIP: 55822AAW7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $700140.00    | 0.09%             | 2034-10-15      | Floating      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC                                                                                           | CUSIP: 3128JRN77<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     29119 | PA      | $29856.55     | 0.00%             | 2036-10-01      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| Nissan Motor Acceptance Co. LLC                                     | Nissan Motor Acceptance Co. LLC                                                                 | CUSIP: N/A<br>LEI: 7D6DIU2QXTUJRFNNJA49       | Long             | DBT              | CORP              | US        |   1000000 | PA      | $953750.00    | 0.12%             | 2026-09-16      | Fixed         | 1.85%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2025-12, Class FG                                                                  | CUSIP: 3136BVFH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    760916 | PA      | $761201.37    | 0.10%             | 2055-03-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2016-H14, Class FA                                                                 | CUSIP: 38376RVV5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    655090 | PA      | $656592.21    | 0.08%             | 2066-06-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2005-38, Class F                                                                   | CUSIP: 31394DSB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8177 | PA      | $8099.46      | 0.00%             | 2035-05-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Berry Global, Inc.                                                  | Berry Global, Inc.                                                                              | CUSIP: 085770AA3<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   5109000 | PA      | $5098628.73   | 0.64%             | 2026-07-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding XXI Ltd.                                       | Madison Park Funding XXI Ltd., Series 2016-21A, Class AARR                                      | CUSIP: 55820JBC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    392341 | PA      | $392707.57    | 0.05%             | 2032-10-15      | Floating      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 3927, Class FH                                                                    | CUSIP: 3137AFEP3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    121296 | PA      | $120090.10    | 0.02%             | 2041-09-15      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 3807, Class FM                                                                    | CUSIP: 3137A6NJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    123325 | PA      | $122399.12    | 0.02%             | 2041-02-15      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                               | Sumitomo Mitsui Financial Group, Inc.                                                           | CUSIP: 86562MCU2<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   3805000 | PA      | $3827307.95   | 0.48%             | 2026-01-13      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                           | Toyota Motor Credit Corp.                                                                       | CUSIP: 89236TML6<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   4765000 | PA      | $4783205.16   | 0.60%             | 2026-08-07      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Microchip Technology, Inc.                                          | Microchip Technology, Inc.                                                                      | CUSIP: 595017BA1<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1798589.34   | 0.23%             | 2025-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust                                            | Toyota Lease Owner Trust, Series 2025-A, Class A2B                                              | CUSIP: 89239NAC9<br>LEI: 254900299R9KF5UH9O95 | Long             | ABS-O            | CORP              | US        |   8000000 | PA      | $7999969.60   | 1.01%             | 2027-07-20      | Floating      | 4.71%                 | Yes           |                  2 | On Loan: No      |
| Athene Global Funding                                               | Athene Global Funding                                                                           | CUSIP: 04685A3U3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6031893.60   | 0.76%             | 2027-03-25      | Floating      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust                           | Navient Private Education Refi Loan Trust, Series 2020-GA, Class A                              | CUSIP: 63941UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    541385 | PA      | $503838.67    | 0.06%             | 2069-09-16      | Fixed         | 1.17%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2020-22, Class FA                                                                  | CUSIP: 3136B9HC4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2877184 | PA      | $2773870.53   | 0.35%             | 2050-04-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance II LLC                                             | Bayer US Finance II LLC                                                                         | CUSIP: 07274NAJ2<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   4173000 | PA      | $4161662.38   | 0.52%             | 2025-12-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2006-118, Class A2                                                                 | CUSIP: 31396L4T4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     34364 | PA      | $33764.61     | 0.00%             | 2036-12-25      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| Citizens Auto Receivables Trust                                     | Citizens Auto Receivables Trust, Series 2024-2, Class A2B                                       | CUSIP: 17331XAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    618695 | PA      | $618694.43    | 0.08%             | 2026-11-16      | Floating      | 4.84%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | FNMA                                                                                            | CUSIP: 31406DAF3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2914 | PA      | $2900.95      | 0.00%             | 2044-10-01      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| Expedia Group, Inc.                                                 | Expedia Group, Inc.                                                                             | CUSIP: 30212PAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2401000 | PA      | $2402827.40   | 0.30%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2006-5, Class 3A2                                                                  | CUSIP: 31394VL73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     12758 | PA      | $13064.87     | 0.00%             | 2035-05-25      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| PHEAA Student Loan Trust                                            | PHEAA Student Loan Trust, Series 2016-2A, Class A                                               | CUSIP: 69343VAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    791277 | PA      | $783872.91    | 0.10%             | 2065-11-25      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 5548, Class AF                                                                    | CUSIP: 3137HLJG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3475955 | PA      | $3485734.74   | 0.44%             | 2055-06-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Jamestown CLO XVI Ltd.                                              | Jamestown CLO XVI Ltd., Series 2021-16A, Class AR                                               | CUSIP: 47048RAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1399948.20   | 0.18%             | 2034-07-25      | Floating      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| DREYFUS TREASURY & AGENCY LEX                                       | DREYFUS TREASURY OBLIGATIONS CASH MANAGEMENT FUND OPEN-END FUND USD                             | CUSIP: 261908107<br>LEI: 54930067A504FBYASH16 | Long             | STIV             | RF                | US        |    100000 | PA      | $100000.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Sustainable Energy Trust                                      | Tesla Sustainable Energy Trust, Series 2024-1A, Class A2                                        | CUSIP: 88164AAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1450034 | PA      | $1454721.16   | 0.18%             | 2050-06-21      | Fixed         | 5.08%                 | Yes           |                  2 | On Loan: No      |
| UBS Group AG                                                        | UBS Group AG                                                                                    | CUSIP: 902613AC2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1000000 | PA      | $981357.30    | 0.12%             | 2027-01-30      | Variable      | 1.36%                 | Yes           |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                          | Aviation Capital Group LLC                                                                      | CUSIP: 05369AAL5<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $967414.20    | 0.12%             | 2026-09-20      | Fixed         | 1.95%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                               | Bank of America Corp.                                                                           | CUSIP: 06051GJK6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3915000 | PA      | $3874142.28   | 0.49%             | 2026-10-24      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| 522 Funding CLO Ltd.                                                | 522 Funding CLO Ltd., Series 2020-6A, Class A1R2                                                | CUSIP: 33835AAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1800000 | PA      | $1796596.20   | 0.23%             | 2034-10-23      | Floating      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Capital America                                             | Hyundai Capital America                                                                         | CUSIP: 44891ACL9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1200348.00   | 0.15%             | 2025-08-04      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                                       | Citigroup Mortgage Loan Trust, Series 2007-AMC2, Class A3A                                      | CUSIP: 17311XAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     28004 | PA      | $20188.18     | 0.00%             | 2037-01-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                                    | SMB Private Education Loan Trust, Series 2020-PTA, Class A2A                                    | CUSIP: 78449VAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    675433 | PA      | $635932.90    | 0.08%             | 2054-09-15      | Fixed         | 1.60%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2012-H12, Class FB                                                                 | CUSIP: 38375BRY0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    293107 | PA      | $296172.40    | 0.04%             | 2062-02-20      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                    | Boeing Co. (The)                                                                                | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $984460.00    | 0.12%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Bear Stearns ARM Trust                                              | Bear Stearns ARM Trust, Series 2004-10, Class 21A1                                              | CUSIP: 07384M4H2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125131 | PA      | $121010.03    | 0.02%             | 2035-01-25      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| GSAA Home Equity Trust                                              | GSAA Home Equity Trust, Series 2007-6, Class A4                                                 | CUSIP: 36245RAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     67099 | PA      | $43776.61     | 0.01%             | 2047-05-25      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| WaMu Mortgage Pass-Through Certificates Trust                       | WaMu Mortgage Pass-Through Certificates Trust, Series 2006-AR3, Class A1A                       | CUSIP: 92925CDA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10731 | PA      | $9789.53      | 0.00%             | 2046-02-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| INVESCO GOVT AND AGCY LEX                                           | INVESCO GOVERNMENT & AGENCY PORTFOLIO OPEN-END FUND USD                                         | CUSIP: 825252885<br>LEI: O37NHJVF7S22I1ONOU83 | Long             | STIV             | RF                | US        |   3088488 | PA      | $3088487.50   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Structured Adjustable Rate Mortgage Loan Trust                      | Structured Adjustable Rate Mortgage Loan Trust, Series 2004-1, Class 4A2                        | CUSIP: 86359BGG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5388 | PA      | $5246.21      | 0.00%             | 2034-02-25      | Variable      | 6.52%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                    | CVS Health Corp.                                                                                | CUSIP: 12665JUF4<br>LEI: 549300EJG376EN5NQE29 | Long             | STIV             | CORP              | US        |   1500000 | PA      | $1496920.35   | 0.19%             | 2025-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                           | Nelnet Student Loan Trust, Series 2019-2A, Class A                                              | CUSIP: 64034NAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    453491 | PA      | $454767.45    | 0.06%             | 2067-06-27      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 4913, Class FC                                                                    | CUSIP: 3137FNJC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1063744 | PA      | $1051117.45   | 0.13%             | 2044-06-15      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| M&T Bank Auto Receivables Trust                                     | M&T Bank Auto Receivables Trust, Series 2025-1A, Class A2B                                      | CUSIP: 55287XAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1501614.30   | 0.19%             | 2028-05-15      | Floating      | 4.80%                 | Yes           |                  2 | On Loan: No      |
| General Motors Co.                                                  | General Motors Co.                                                                              | CUSIP: 37045VAV2<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   1810000 | PA      | $1814297.85   | 0.23%             | 2025-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Atlas Senior Loan Fund XVII Ltd.                                    | Atlas Senior Loan Fund XVII Ltd., Series 2021-17A, Class AR                                     | CUSIP: 04942FAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $348365.50    | 0.04%             | 2034-10-20      | Floating      | 5.33%                 | Yes           |                  2 | On Loan: No      |
| CHL Mortgage Pass-Through Trust                                     | CHL Mortgage Pass-Through Trust, Series 2005-25, Class A11                                      | CUSIP: 126694HQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     53450 | PA      | $24636.15     | 0.00%             | 2035-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration                         | United States Small Business Administration, Series 2008-20H, Class 1                           | CUSIP: 83162CRY1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    152865 | PA      | $156215.10    | 0.02%             | 2028-08-01      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| F&G Global Funding                                                  | F&G Global Funding                                                                              | CUSIP: 30321L2A9<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |    120000 | PA      | $116641.19    | 0.01%             | 2026-06-30      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| BNP Paribas SA                                                      | BNP Paribas SA                                                                                  | CUSIP: 09659W2N3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $982720.70    | 0.12%             | 2027-01-13      | Variable      | 1.32%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 5493, Class FK                                                                    | CUSIP: 3137HHWV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2475377 | PA      | $2468003.11   | 0.31%             | 2055-01-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Master Credit Card Trust II                                         | Master Credit Card Trust II, Series 2024-1A, Class A                                            | CUSIP: 576339DZ5<br>LEI: 549300G7G68IV2D8IM76 | Long             | ABS-O            | CORP              | CA        |   5000000 | PA      | $5009848.50   | 0.63%             | 2028-01-21      | Floating      | 5.05%                 | Yes           |                  2 | On Loan: No      |
| Jersey Central Power & Light Co.                                    | Jersey Central Power & Light Co.                                                                | CUSIP: 476556DC6<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |   1115000 | PA      | $1112730.08   | 0.14%             | 2026-01-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Dllad LLC                                                           | Dllad LLC, Series 2024-1A, Class A2                                                             | CUSIP: 23346MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1392860 | PA      | $1399421.79   | 0.18%             | 2027-08-20      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2016-H20, Class PT                                                                 | CUSIP: 38376RYV2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    963111 | PA      | $993555.79    | 0.13%             | 2066-09-20      | Variable      | 7.84%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2014-42, Class FA                                                                  | CUSIP: 3136AKPQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    321995 | PA      | $316131.75    | 0.04%             | 2044-07-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                                   | Eversource Energy                                                                               | CUSIP: 30040WAV0<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    555000 | PA      | $557283.05    | 0.07%             | 2026-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| First Horizon Mortgage Pass-Through Trust                           | First Horizon Mortgage Pass-Through Trust, Series 2005-AR3, Class 2A1                           | CUSIP: 32051GQL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     19438 | PA      | $13900.62     | 0.00%             | 2035-08-25      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust                           | Navient Private Education Refi Loan Trust, Series 2020-IA, Class A1B                            | CUSIP: 63942AAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2099285 | PA      | $2087866.88   | 0.26%             | 2069-04-15      | Floating      | 5.43%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust, Inc.                                 | Citigroup Mortgage Loan Trust, Inc., Series 2005-6, Class A2                                    | CUSIP: 17307GXQ6<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-MBS          | CORP              | US        |      3128 | PA      | $3054.23      | 0.00%             | 2035-09-25      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2025-40, Class FP                                                                  | CUSIP: 3136BWGV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2384106 | PA      | $2391435.83   | 0.30%             | 2054-10-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust                                              | Chase Auto Owner Trust, Series 2023-AA, Class A2                                                | CUSIP: 16144KAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     78655 | PA      | $78732.00     | 0.01%             | 2027-03-25      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                 | U.S. Treasury 10 Year Ultra Note                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -76 | NC      | $-220977.98   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Mortgage Loan Trust, Inc.                                 | Citigroup Mortgage Loan Trust, Inc., Series 2005-6, Class A1                                    | CUSIP: 17307GXP8<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-MBS          | CORP              | US        |      1262 | PA      | $1271.39      | 0.00%             | 2035-09-25      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2007-109, Class GF                                                                 | CUSIP: 31396X2G8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    270866 | PA      | $270455.99    | 0.03%             | 2037-12-25      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Verdelite Static CLO Ltd.                                           | Verdelite Static CLO Ltd., Series 2024-1A, Class A                                              | CUSIP: 92338VAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1765931 | PA      | $1765047.91   | 0.22%             | 2032-07-20      | Floating      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Broadcom, Inc.                                                      | Broadcom, Inc.                                                                                  | CUSIP: 11135MUA2<br>LEI: 549300WV6GIDOZJTV909 | Long             | STIV             | CORP              | US        |   3800000 | PA      | $3795145.50   | 0.48%             | 2025-07-10      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Regatta XVI Funding Ltd.                                            | Regatta XVI Funding Ltd., Series 2019-2A, Class A1R                                             | CUSIP: 75888TAL9<br>LEI: 254900XPJFGKL5R4O429 | Long             | ABS-CBDO         | CORP              | KY        |   3894304 | PA      | $3897999.95   | 0.49%             | 2033-01-15      | Floating      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse First Boston Mortgage Securities Corp.                | Credit Suisse First Boston Mortgage Securities Corp., Series 2002-P1A, Class A                  | CUSIP: 22540VK43<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       174 | PA      | $167.07       | 0.00%             | 2032-03-25      | Variable      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| Structured Adjustable Rate Mortgage Loan Trust                      | Structured Adjustable Rate Mortgage Loan Trust, Series 2004-19, Class 2A1                       | CUSIP: 863579JG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6394 | PA      | $5747.27      | 0.00%             | 2035-01-25      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust                                              | Chase Auto Owner Trust, Series 2024-1A, Class A2                                                | CUSIP: 16144BAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    349629 | PA      | $350005.70    | 0.04%             | 2027-04-26      | Fixed         | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                               | Bank of America Corp.                                                                           | CUSIP: 06051GJV2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1101687.51   | 0.14%             | 2027-07-22      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                               | NextEra Energy Capital Holdings, Inc.                                                           | CUSIP: 65339MUU8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | STIV             | CORP              | US        |    400000 | PA      | $398566.92    | 0.05%             | 2025-07-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                       | Massachusetts Educational Financing Authority, Series 2008-1, Class A1                          | CUSIP: 57563NAA6<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | ABS-O            | CORP              | US        |     28044 | PA      | $27671.02     | 0.00%             | 2038-04-25      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Co.                                     | Virginia Electric and Power Co., Series A                                                       | CUSIP: 927804FU3<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |   2696000 | PA      | $2677944.89   | 0.34%             | 2026-01-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC                             | Mercedes-Benz Finance North America LLC                                                         | CUSIP: 58769JAN7<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   5100000 | PA      | $5103734.22   | 0.64%             | 2026-01-09      | Floating      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Enbridge Energy Partners LP                                         | Enbridge Energy Partners LP                                                                     | CUSIP: 29250RAW6<br>LEI: CZ6VG2MNE1J6YDI02G48 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1501703.40   | 0.19%             | 2025-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Lease Trust                                               | SBNA Auto Lease Trust, Series 2024-C, Class A2                                                  | CUSIP: 78398DAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1479173 | PA      | $1480309.37   | 0.19%             | 2026-11-20      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                             | CarMax Auto Owner Trust, Series 2024-2, Class A2A                                               | CUSIP: 14319EAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    805739 | PA      | $807752.13    | 0.10%             | 2027-05-17      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ABN AMRO Bank NV                                                    | ABN AMRO Bank NV                                                                                | CUSIP: 00084DBB5<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $1011036.40   | 0.13%             | 2027-09-18      | Floating      | 6.18%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO XXXV                                                     | Apidos CLO XXXV, Series 2021-35A, Class A                                                       | CUSIP: 03768UAA7<br>LEI: 549300KJKTO0Q1OATW69 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500381.50    | 0.06%             | 2034-04-20      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                      | Carvana Auto Receivables Trust, Series 2024-P1, Class A2                                        | CUSIP: 14688NAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    293480 | PA      | $293741.35    | 0.04%             | 2027-08-10      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| NXP BV                                                              | NXP BV                                                                                          | CUSIP: 62947QBB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $602412.00    | 0.08%             | 2026-03-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                                        | American Honda Finance Corp.                                                                    | CUSIP: 02665WES6<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1401651.44   | 0.18%             | 2025-10-03      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2024-13, Class FA                                                                  | CUSIP: 38384GP87<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    139704 | PA      | $140272.61    | 0.02%             | 2054-01-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                                           | HCA, Inc.                                                                                       | CUSIP: 404119BS7<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2002277.40   | 0.25%             | 2026-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust                                      | Mercedes-Benz Auto Lease Trust, Series 2024-B, Class A2A                                        | CUSIP: 58769GAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2252984 | PA      | $2253375.96   | 0.28%             | 2026-12-15      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                     | Goldman Sachs Group, Inc. (The)                                                                 | CUSIP: 38141GYA6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $978547.00    | 0.12%             | 2027-03-09      | Variable      | 1.43%                 | No            |                  2 | On Loan: No      |
| CarVal CLO I Ltd.                                                   | CarVal CLO I Ltd., Series 2018-1A, Class AR                                                     | CUSIP: 146865AJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3034167 | PA      | $3037200.72   | 0.38%             | 2031-07-16      | Floating      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| HCA, Inc.                                                           | HCA, Inc.                                                                                       | CUSIP: 404119CX5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    800000 | PA      | $804240.00    | 0.10%             | 2028-03-01      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| GMF Floorplan Owner Revolving Trust                                 | GMF Floorplan Owner Revolving Trust, Series 2023-1, Class A1                                    | CUSIP: 361886CR3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4037276.80   | 0.51%             | 2028-06-15      | Fixed         | 5.34%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2016-84, Class DF                                                                  | CUSIP: 3136AUKR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    302284 | PA      | $296276.46    | 0.04%             | 2046-11-25      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                           | Towd Point Mortgage Trust, Series 2021-SJ2, Class A1A                                           | CUSIP: 89180LAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    333801 | PA      | $322886.70    | 0.04%             | 2061-12-25      | Variable      | 2.25%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2010-74, Class AF                                                                  | CUSIP: 31398RV36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     79834 | PA      | $79441.65     | 0.01%             | 2037-07-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                                      | Broadcom, Inc.                                                                                  | CUSIP: 11135FBB6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1970000 | PA      | $1959624.01   | 0.25%             | 2025-11-15      | Fixed         | 3.15%                 | 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        |    500000 | PA      | $500822.50    | 0.06%             | 2034-10-21      | Floating      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2019-54, Class KF                                                                  | CUSIP: 38381R7J2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    995697 | PA      | $974917.88    | 0.12%             | 2044-05-20      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Pacific Life Global Funding II                                      | Pacific Life Global Funding II                                                                  | CUSIP: 6944PL2G3<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |  13000000 | PA      | $13033104.50  | 1.64%             | 2026-06-04      | Floating      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                            | JP Morgan Mortgage Trust, Series 2021-12, Class A11                                             | CUSIP: 46592WBE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    715269 | PA      | $662789.97    | 0.08%             | 2052-02-25      | Floating      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| BCP Trust                                                           | BCP Trust, Series 2021-330N, Class A                                                            | CUSIP: 05553BAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4500000 | PA      | $4024187.55   | 0.51%             | 2038-06-15      | Floating      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| Aircastle Ltd.                                                      | Aircastle Ltd.                                                                                  | CUSIP: 00928QAT8<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    100000 | PA      | $100008.23    | 0.01%             | 2025-08-11      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | FNMA                                                                                            | CUSIP: 31408DXN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     12543 | PA      | $12935.59     | 0.00%             | 2035-12-01      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Pennsylvania Electric Co.                               | FirstEnergy Pennsylvania Electric Co.                                                           | CUSIP: 708696CA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3206505.28   | 0.40%             | 2026-03-30      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Capital America                                             | Hyundai Capital America                                                                         | CUSIP: 44891ACS4<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1978000 | PA      | $1981172.91   | 0.25%             | 2025-11-03      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2012-H12, Class FA                                                                 | CUSIP: 38375BRW4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    262915 | PA      | $263618.15    | 0.03%             | 2062-04-20      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Elevation CLO Ltd.                                                  | Elevation CLO Ltd., Series 2018-3A, Class A1R2                                                  | CUSIP: 28623VAN9<br>LEI: 5493005VN5WX000OV470 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2999880.00   | 0.38%             | 2035-01-25      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust                                          | Verus Securitization Trust, Series 2023-1, Class A1                                             | CUSIP: 92539BAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    264525 | PA      | $264149.18    | 0.03%             | 2067-12-25      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | FNMA                                                                                            | CUSIP: 31405PRS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       355 | PA      | $353.47       | 0.00%             | 2044-07-01      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                                                        | ING Groep NV                                                                                    | CUSIP: 456837AU7<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $1000000.00   | 0.13%             | 2026-07-01      | Variable      | 1.40%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 5528, Class FA                                                                    | CUSIP: 3137HKR30<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5901295 | PA      | $5890301.13   | 0.74%             | 2055-04-25      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                             | Hyundai Auto Lease Securitization Trust, Series 2025-A, Class A2B                               | CUSIP: 44935WAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4100000 | PA      | $4099921.28   | 0.52%             | 2027-06-15      | Floating      | 4.70%                 | Yes           |                  2 | On Loan: No      |
| Capital One Prime Auto Receivables Trust                            | Capital One Prime Auto Receivables Trust, Series 2023-2, Class A3                               | CUSIP: 14044EAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2239000 | PA      | $2267197.07   | 0.29%             | 2028-06-15      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| NXP BV                                                              | NXP BV                                                                                          | CUSIP: 62954HAZ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1192908.00   | 0.15%             | 2026-06-18      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                   | Wells Fargo & Co.                                                                               | CUSIP: 95000U3S0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1999960.40   | 0.25%             | 2028-01-24      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                          | Verus Securitization Trust, Series 2023-5, Class A1                                             | CUSIP: 924934AA0<br>LEI: 984500BADC7CFE3B0756 | Long             | ABS-MBS          | CORP              | US        |    530085 | PA      | $533160.05    | 0.07%             | 2068-06-25      | Variable      | 6.48%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bills                                                                             | CUSIP: 912797RC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   1600000 | PA      | $1580411.84   | 0.20%             | 2025-10-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Gm Financial Automobile Leasing Trust                               | Gm Financial Automobile Leasing Trust, Series 2025-2, Class A2A                                 | CUSIP: 362962AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3007357.80   | 0.38%             | 2027-07-20      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                          | Aviation Capital Group LLC                                                                      | CUSIP: 05369AAD3<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1399356.70   | 0.18%             | 2025-08-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Ares XXVII CLO Ltd.                                                 | Ares XXVII CLO Ltd., Series 2013-2A, Class AR3                                                  | CUSIP: 00190YBP9<br>LEI: 549300BC3E2Y44TL8536 | Long             | ABS-CBDO         | CORP              | KY        |   3200000 | PA      | $3200640.00   | 0.40%             | 2034-10-28      | Floating      | 5.43%                 | Yes           |                  2 | On Loan: No      |
| Flex Ltd.                                                           | Flex Ltd.                                                                                       | CUSIP: 33938XAC9<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |   5600000 | PA      | $5562648.00   | 0.70%             | 2026-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust                           | Navient Private Education Refi Loan Trust, Series 2021-FA, Class A                              | CUSIP: 63942GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6273210 | PA      | $5464958.01   | 0.69%             | 2070-02-18      | Fixed         | 1.11%                 | Yes           |                  2 | On Loan: No      |
| Ares LIX CLO Ltd.                                                   | Ares LIX CLO Ltd., Series 2021-59A, Class A                                                     | CUSIP: 04018EAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3200000 | PA      | $3202710.40   | 0.40%             | 2034-04-25      | Floating      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                      | Hyundai Auto Receivables Trust, Series 2024-C, Class A2B                                        | CUSIP: 448976AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2541134 | PA      | $2538423.85   | 0.32%             | 2027-09-15      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Crown Castle International Corp. 401K Plan                          | Crown Castle International Corp.                                                                | CUSIP: 22823PUQ4<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   7900000 | PA      | $7873610.05   | 0.99%             | 2025-07-24      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Citibank NA                                                         | Citibank NA                                                                                     | CUSIP: 17325FAZ1<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   3090000 | PA      | $3092616.30   | 0.39%             | 2025-09-29      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                        | Ford Credit Auto Owner Trust, Series 2024-B, Class A2A                                          | CUSIP: 34531QAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4459766 | PA      | $4469884.75   | 0.56%             | 2027-04-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GreenPoint Mortgage Funding Trust                                   | GreenPoint Mortgage Funding Trust, Series 2005-AR5, Class 1A1                                   | CUSIP: 39538WEA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5606 | PA      | $5266.54      | 0.00%             | 2045-11-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust                           | SFS Auto Receivables Securitization Trust, Series 2023-1A, Class A3                             | CUSIP: 78398AAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    536640 | PA      | $540132.73    | 0.07%             | 2028-10-20      | Fixed         | 5.47%                 | Yes           |                  2 | On Loan: No      |
| KKR CLO 41 Ltd.                                                     | KKR CLO 41 Ltd., Series 2022-41A, Class A1                                                      | CUSIP: 48255PAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1800000 | PA      | $1801891.80   | 0.23%             | 2035-04-15      | Floating      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| Southern California Edison Co.                                      | Southern California Edison Co.                                                                  | CUSIP: 842400JF1<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1197353.28   | 0.15%             | 2026-09-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Northwoods Capital XII-B Ltd.                                       | Northwoods Capital XII-B Ltd., Series 2018-12BA, Class AR                                       | CUSIP: 66858CAN7<br>LEI: 549300R06FSYRU75ZW78 | Long             | ABS-CBDO         | CORP              | KY        |   2676984 | PA      | $2673892.09   | 0.34%             | 2031-06-15      | Floating      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Boeing Co. (The)                                                    | Boeing Co. (The)                                                                                | CUSIP: 097023BR5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    400000 | PA      | $390827.04    | 0.05%             | 2026-06-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                                           | Williams Cos., Inc. (The)                                                                       | CUSIP: 969457CH1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1509207.00   | 0.19%             | 2026-03-02      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust                  | GM Financial Consumer Automobile Receivables Trust, Series 2023-4, Class A2B                    | CUSIP: 379930AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    107771 | PA      | $107787.42    | 0.01%             | 2026-11-16      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| Beast Mortgage Trust                                                | Beast Mortgage Trust, Series 2021-1818, Class A                                                 | CUSIP: 07403PAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2259269.75   | 0.28%             | 2036-03-15      | Floating      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Alternative Loan Trust                                              | Alternative Loan Trust, Series 2007-OA7, Class A1A                                              | CUSIP: 126680AA5<br>LEI: 549300QTQ6MX6ER06N64 | Long             | ABS-MBS          | CORP              | US        |     20683 | PA      | $19006.74     | 0.00%             | 2047-05-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2025-89, Class PF                                                                  | CUSIP: 38385GMK2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    498715 | PA      | $498228.15    | 0.06%             | 2055-05-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                                   | HSBC Holdings plc                                                                               | CUSIP: 404280BW8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1400000 | PA      | $1402380.56   | 0.18%             | 2026-09-12      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                                                | American Tower Corp.                                                                            | CUSIP: 03027XAJ9<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998429.40    | 0.13%             | 2026-02-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd.                                                 | Wind River CLO Ltd., Series 2016-1KRA, Class A1R3                                               | CUSIP: 97314DAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    298390 | PA      | $296874.28    | 0.04%             | 2034-10-15      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                     | Goldman Sachs Group, Inc. (The)                                                                 | CUSIP: 38141GXM1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3936546.40   | 0.50%             | 2026-12-09      | Variable      | 1.09%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                          | Navient Student Loan Trust, Series 2017-5A, Class A                                             | CUSIP: 63940CAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1624183 | PA      | $1608867.71   | 0.20%             | 2066-07-26      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| ONEOK, Inc.                                                         | ONEOK, Inc.                                                                                     | CUSIP: 682680BD4<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1105543.12   | 0.14%             | 2026-01-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC Structured Pass-Through Certificates, Series T-57, Class 1A1                              | CUSIP: 31394JD87<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1696 | PA      | $1760.31      | 0.00%             | 2043-07-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2016-H17, Class FK                                                                 | CUSIP: 38376RXQ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    204080 | PA      | $204707.89    | 0.03%             | 2066-07-20      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| LCM 31 Ltd.                                                         | LCM 31 Ltd., Series 31A, Class AR                                                               | CUSIP: 50201QAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1599944.00   | 0.20%             | 2034-07-20      | Floating      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                           | Ford Motor Credit Co. LLC                                                                       | CUSIP: 345397C43<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301527.00    | 0.04%             | 2026-03-06      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                           | Nelnet Student Loan Trust, Series 2005-3, Class A5                                              | CUSIP: 64031QCD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    729885 | PA      | $721373.86    | 0.09%             | 2035-12-24      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing III LLC                                     | Hertz Vehicle Financing III LLC, Series 2023-1A, Class A                                        | CUSIP: 42806MBS7<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   2900000 | PA      | $2914126.19   | 0.37%             | 2027-06-25      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| Boeing Co. (The)                                                    | Boeing Co. (The)                                                                                | CUSIP: 097023BP9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1987190.80   | 0.25%             | 2025-10-30      | Fixed         | 2.60%                 | No            |                  2 | On Loan: —       |
| Illumina, Inc.                                                      | Illumina, Inc.                                                                                  | CUSIP: 452327AN9<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5021116.00   | 0.63%             | 2025-12-12      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                             | CarMax Auto Owner Trust, Series 2025-2, Class A2A                                               | CUSIP: 14320AAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $6018206.40   | 0.76%             | 2028-07-17      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                      | Carvana Auto Receivables Trust, Series 2024-P4, Class A2                                        | CUSIP: 14076LAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1168998 | PA      | $1168461.10   | 0.15%             | 2028-02-10      | Fixed         | 4.62%                 | 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        |   1802760 | PA      | $1803281.10   | 0.23%             | 2032-07-20      | Floating      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                           | Towd Point Mortgage Trust, Series 2020-1, Class A1                                              | CUSIP: 89178WAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1308221 | PA      | $1254789.39   | 0.16%             | 2060-01-25      | Variable      | 2.71%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC, Series 4283, Class JF                                                                    | CUSIP: 3137B6GT2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1025092 | PA      | $1012244.35   | 0.13%             | 2043-12-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                | Glencore Funding LLC                                                                            | CUSIP: 378272BX5<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2400436.80   | 0.30%             | 2026-10-01      | Floating      | 5.20%                 | Yes           |                  2 | On Loan: —       |
| FNMA                                                                | FNMA, Series 2024-95, Class KF                                                                  | CUSIP: 3136BTS53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1472037 | PA      | $1470748.17   | 0.19%             | 2054-12-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| GSR Mortgage Loan Trust                                             | GSR Mortgage Loan Trust, Series 2005-AR6, Class 2A1                                             | CUSIP: 362341RX9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5743 | PA      | $5514.32      | 0.00%             | 2035-09-25      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO XX Ltd.                                                | Trinitas CLO XX Ltd., Series 2022-20A, Class A1R                                                | CUSIP: 89640EAN8<br>LEI: 5493007IXHTJ7TQMIW41 | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1197753.60   | 0.15%             | 2035-07-20      | Floating      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| Synchrony Bank                                                      | Synchrony Bank                                                                                  | CUSIP: 87166FAD5<br>LEI: 549300UATVPGSLE43Z27 | Long             | DBT              | CORP              | US        |    800000 | PA      | $799601.92    | 0.10%             | 2025-08-22      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                               | ARI Fleet Lease Trust, Series 2025-B, Class A2                                                  | CUSIP: 00193GAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1003672.40   | 0.13%             | 2034-03-15      | Fixed         | 4.59%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                     | Goldman Sachs Group, Inc. (The)                                                                 | CUSIP: 38141GXN9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1801232.46   | 0.23%             | 2026-12-09      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** EQ Advisors Trust

**Signature:** Brian Walsh

**Name of Signer:** Brian Walsh

**Title:** Chief Financial Officer and Treasurer