# EDGAR Filing Document

**Accession Number:** 0000934563
**File Stem:** 0001752724-25-209749
**Filing Date:** 2025-8
**Character Count:** 96375
**Document Hash:** 915fac92c252f80aac0add8f273c1cae
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-209749.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001752724-25-209749

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HC CAPITAL TRUST
- **CENTRAL INDEX KEY:** 0000934563

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08918
- **FILM NUMBER:** 251266193

**BUSINESS ADDRESS:**
- **STREET 1:** 300 BARR HARBOR DRIVE, 5TH FLOOR
- **CITY:** WEST CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428
- **BUSINESS PHONE:** 610-828-7200

**MAIL ADDRESS:**
- **STREET 1:** 300 BARR HARBOR DRIVE, 5TH FLOOR
- **CITY:** WEST CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HIRTLE CALLAGHAN TRUST
- **DATE OF NAME CHANGE:** 20100305

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HC CAPITAL TRUST
- **DATE OF NAME CHANGE:** 20100305

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HIRTLE CALLAGHAN TRUST
- **DATE OF NAME CHANGE:** 19941222

## Series and Classes Contracts Data

### The U.S. Corporate Fixed Income Securities Portfolio (Series ID: S000029853)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000091788 | The U.S. Corporate Fixed Income Securities Portfolio | HCXSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** HC Capital Trust

- **b. Investment Company Act file number:** 811-08918

- **c. CIK number of Registrant:** 0000934563

- **d. LEI of Registrant:** 549300WBB2KZ0XDJW948

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

  - **Street Address 1:** Five Tower Bridge, 300 Barr Harbor

  - **City:** West Conshohocken

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19428

  - **Telephone number:** 610-828-7200

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

- **a. Name of Series:** The U.S. Corporate Fixed Income Securities Portfolio

- **b. EDGAR series identifier (if any):** S000029853

- **c. LEI of Series:** 549300ZD0H1S50Q9GQ96

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

- **a. Date of fiscal year-end:** 2025-06-30

- **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:** $290165486.37

**Total Liabilities:** $2064813.35

**Net Assets:** $288100673.02

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -424.02390919 | **1-Year:** -7475.82373929 | **5-Year:** -45622.02490703 | **10-Year:** -64198.45888224 | **30-Year:** -27193.83173516

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000091788 | 0.27%                | 0.04%                | 1.78%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-386948.53              | $182134.51                                 |
| Month 2  | $-232560.44              | $-851339.39                                |
| Month 3  | $20103.18                | $3879730.19                                |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Corporate Bond Index

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Virginia Electric and Power Company                                                                            | VIRGINIA ELEC POWER CO                        | CUSIP: 927804FP4<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    720000 | PA      | $628655.76    | 0.22%             | 2043-08-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS, INC.                                                                                       | MOTOROLA SOLUTIONS INC                        | CUSIP: 620076BW8<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    470000 | PA      | $486857.96    | 0.17%             | 2032-06-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC.                                                                                          | HOWMET AEROSPACE INC                          | CUSIP: 443201AC2<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |   1155000 | PA      | $1172852.84   | 0.41%             | 2031-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| AT&T INC.                                                                                                      | AT T INC                                      | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2890000 | PA      | $1944759.03   | 0.68%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION ENERGY GENERATION, LLC                                                                           | CONSTELLATION EN GEN LLC                      | CUSIP: 210385AF7<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    664000 | PA      | $648169.58    | 0.22%             | 2054-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| COMPAGNIE DE CHEMIN DE FER CANADIEN PACIFIQUE                                                                  | CANADIAN PACIFIC RR CO                        | CUSIP: 13645RAD6<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    980000 | PA      | $1101299.50   | 0.38%             | 2031-10-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Telefonica Emisiones, S.A.U.                                                                                   | TELEFONICA EMISIONES                          | CUSIP: 87938WAC7<br>LEI: 549300Y5MFC4SW5Z3K71 | Long             | DBT              | CORP              | ES        |    620000 | PA      | $687842.88    | 0.24%             | 2036-06-20      | Fixed         | 7.04%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                                                                         | CVS HEALTH CORP                               | CUSIP: 126650CN8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1129131.52   | 0.39%             | 2045-07-20      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION                                                       | NATIONAL RURAL UTIL COOP                      | CUSIP: 637432PA7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   1533000 | PA      | $1628576.42   | 0.57%             | 2033-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| WESTROCK MWV, LLC                                                                                              | WESTVACO CORP                                 | CUSIP: 961548AV6<br>LEI: 4DL8C98Z5G5IXZLH3578 | Long             | DBT              | CORP              | US        |    340000 | PA      | $389057.92    | 0.14%             | 2030-01-15      | Fixed         | 8.20%                 | No            |                  2 | On Loan: No      |
| COMCAST CORPORATION                                                                                            | COMCAST CORP                                  | CUSIP: 20030NEG2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    250000 | PA      | $231346.25    | 0.08%             | 2064-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS, L.P.                                                                                 | CHENIERE ENERGY PARTNERS LP                   | CUSIP: 16411QAN1<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    800000 | PA      | $716877.60    | 0.25%             | 2032-01-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| INTEL CORPORATION                                                                                              | INTEL CORP                                    | CUSIP: 458140CL2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    520000 | PA      | $517887.24    | 0.18%             | 2034-02-21      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORPORATION                                                                                | TOYOTA MOTOR CREDIT CORP                      | CUSIP: 89236TLM5<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499607.50    | 0.17%             | 2034-01-05      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AMGEN INC.                                                                                                     | AMGEN INC                                     | CUSIP: 031162DU1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    300000 | PA      | $290733.30    | 0.10%             | 2063-03-02      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ORANGE SA                                                                                                      | ORANGE SA                                     | CUSIP: 35177PAL1<br>LEI: 969500MCOONR8990S771 | Long             | DBT              | CORP              | FR        |   1143000 | PA      | $1385538.89   | 0.48%             | 2031-03-01      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| CF INDUSTRIES, INC.                                                                                            | CF INDUSTRIES INC                             | CUSIP: 12527GAE3<br>LEI: 5FVKT86LAD2F40NPC183 | Long             | DBT              | CORP              | US        |    570000 | PA      | $528942.33    | 0.18%             | 2044-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION                                                                                             | ORACLE CORP                                   | CUSIP: 68389XCJ2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    465000 | PA      | $503078.39    | 0.17%             | 2032-11-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                                                          | WELLS FARGO CO                                | CUSIP: 95000U3F8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    795000 | PA      | $817734.62    | 0.28%             | 2034-07-25      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| NNN REIT, INC.                                                                                                 | NNN REIT INC                                  | CUSIP: 637417AS5<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |    900000 | PA      | $930340.80    | 0.32%             | 2033-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER COMPANY                                                                                          | GEORGIA POWER COMPANY                         | CUSIP: 373334JW2<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $858958.00    | 0.30%             | 2042-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Safehold GL Holdings LLC                                                                                       | SAFEHOLD GL HOLDINGS LLC                      | CUSIP: 785931AB2<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |    710000 | PA      | $708304.52    | 0.25%             | 2035-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORPORATION                                                                                          | MICROSOFT CORP                                | CUSIP: 594918CC6<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    620000 | PA      | $383038.48    | 0.13%             | 2050-06-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                                                 | MORGAN STANLEY                                | CUSIP: 61747YFJ9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     70000 | PA      | $77078.89     | 0.03%             | 2034-11-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES, INC.                                                                                       | ROPER TECHNOLOGIES INC                        | CUSIP: 776743AJ5<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    460000 | PA      | $408817.64    | 0.14%             | 2030-06-30      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                                                          | WELLS FARGO CO                                | CUSIP: 95000U3B7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3375000 | PA      | $3364277.63   | 1.17%             | 2033-07-25      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LIMITED                                                                             | CANADIAN NATL RESOURCES                       | CUSIP: 136385AZ4<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |    880000 | PA      | $879074.24    | 0.31%             | 2025-07-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Telefonica Emisiones, S.A.U.                                                                                   | TELEFONICA EMISIONES SAU                      | CUSIP: 87938WAU7<br>LEI: 549300Y5MFC4SW5Z3K71 | Long             | DBT              | CORP              | ES        |    150000 | PA      | $131553.00    | 0.05%             | 2047-03-08      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| THE WALT DISNEY COMPANY                                                                                        | WALT DISNEY CO THE                            | CUSIP: 254687EV4<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    350000 | PA      | $314518.75    | 0.11%             | 2044-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LIMITED                                                                                   | APTIV PLC APTIV GLOBAL FINANCING DAC          | CUSIP: 03837AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |   1900000 | PA      | $1888484.10   | 0.66%             | 2029-09-13      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| INTEL CORPORATION                                                                                              | INTEL CORP                                    | CUSIP: 458140BG4<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    642000 | PA      | $451157.15    | 0.16%             | 2047-12-08      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORPORATION                                                                                   | LINCOLN NATIONAL CORP                         | CUSIP: 534187BT5<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    900000 | PA      | $923497.20    | 0.32%             | 2034-03-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                                                                                              | SYSCO CORPORATION                             | CUSIP: 871829BV8<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    840000 | PA      | $852107.76    | 0.30%             | 2035-03-23      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| B.A.T CAPITAL CORPORATION                                                                                      | BAT CAPITAL CORP                              | CUSIP: 05526DBS3<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $988232.30    | 0.34%             | 2031-03-25      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                                                                                         | CONOCOPHILLIPS CO                             | CUSIP: 20826FBE5<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    200000 | PA      | $183439.40    | 0.06%             | 2053-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS, INC.                                                                          | NEXTERA ENERGY CAPITAL HOLDINGS INC           | CUSIP: 65339KCQ1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1153692.50   | 0.40%             | 2053-02-28      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                                               | PHILIP MORRIS INTERNATIONAL INC               | CUSIP: 718172DJ5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    485000 | PA      | $493914.79    | 0.17%             | 2034-02-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| THE HOME DEPOT, INC.                                                                                           | HOME DEPOT INC                                | CUSIP: 437076AU6<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    685000 | PA      | $692258.95    | 0.24%             | 2040-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| COMCAST CORPORATION                                                                                            | COMCAST CORP                                  | CUSIP: 20030NBK6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   2185000 | PA      | $1921023.60   | 0.67%             | 2044-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HCA INC.                                                                                                       | HCA INC                                       | CUSIP: 404119CU1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    365000 | PA      | $373301.93    | 0.13%             | 2034-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| AMGEN INC.                                                                                                     | AMGEN INC                                     | CUSIP: 031162CF5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $946191.75    | 0.33%             | 2051-06-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| UDR, INC.                                                                                                      | UDR INC                                       | CUSIP: 90265EAP5<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              | CORP              | US        |    158000 | PA      | $157898.41    | 0.05%             | 2029-01-26      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL PAPER COMPANY                                                                                    | INTL PAPER CO                                 | CUSIP: 460146CH4<br>LEI: 824LMFJDH41EY779Q875 | Long             | DBT              | CORP              | US        |    545000 | PA      | $551119.26    | 0.19%             | 2041-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| THE HOME DEPOT, INC.                                                                                           | HOME DEPOT INC                                | CUSIP: 437076BX9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    535000 | PA      | $459074.94    | 0.16%             | 2048-12-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SABRA HEALTH CARE LIMITED PARTNERSHIP                                                                          | SABRA HEALTH CARE LP                          | CUSIP: 78574MAA1<br>LEI: 549300OVKLRFSIQG0H81 | Long             | DBT              | CORP              | US        |    930000 | PA      | $827700.00    | 0.29%             | 2031-12-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES, INC.                                                                                       | ROPER TECHNOLOGIES INC                        | CUSIP: 776696AJ5<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1058541.75   | 0.37%             | 2034-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MARTIN MARIETTA MATERIALS, INC.                                                                                | MARTIN MARIETTA MATERIALS INC                 | CUSIP: 573284AW6<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |    945000 | PA      | $831234.29    | 0.29%             | 2031-07-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| VULCAN MATERIALS COMPANY                                                                                       | VULCAN MATERIALS CO                           | CUSIP: 929160AZ2<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |    325000 | PA      | $310801.73    | 0.11%             | 2030-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPERATING LLC                                                                              | ENTERPRISE PRODUCTS OPERATING LLC             | CUSIP: 29379VBA0<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   1467000 | PA      | $1322829.11   | 0.46%             | 2044-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| The Travelers Companies, Inc.                                                                                  | TRAVELERS COS INC                             | CUSIP: 89417EAK5<br>LEI: 549300Y650407RU8B149 | Long             | DBT              | CORP              | US        |    395000 | PA      | $332271.63    | 0.12%             | 2045-08-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                                                                                 | CITIGROUP INC                                 | CUSIP: 172967MP3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3105000 | PA      | $3068339.27   | 1.07%             | 2031-03-31      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                                                                         | CVS HEALTH CORP                               | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    960000 | PA      | $877544.64    | 0.30%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| ATMOS ENERGY CORPORATION                                                                                       | ATMOS ENERGY CORP                             | CUSIP: 049560AL9<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |    600000 | PA      | $510227.40    | 0.18%             | 2043-01-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC.                                                                                                  | NISOURCE INC                                  | CUSIP: 65473PAQ8<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1166275.95   | 0.40%             | 2034-04-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL COMPANY, INC.                                                                         | GENERAL MOTOR FINL CO                         | CUSIP: 37045XEG7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2655000 | PA      | $2743403.54   | 0.95%             | 2030-04-06      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| POTOMAC ELECTRIC POWER COMPANY                                                                                 | POTOMAC ELECTRIC POWER                        | CUSIP: 737679DE7<br>LEI: 549300BXF2DWUNN57U06 | Long             | DBT              | CORP              | US        |    930000 | PA      | $777331.20    | 0.27%             | 2043-03-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY ENERGY COMPANY                                                                              | BERKSHIRE HATHAWAY                            | CUSIP: 084659AF8<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |    765000 | PA      | $657493.79    | 0.23%             | 2045-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LOWE'S COMPANIES, INC.                                                                                         | LOWE S COS INC                                | CUSIP: 548661EL7<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   1555000 | PA      | $1569253.13   | 0.54%             | 2033-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY, INC                                                                                        | MARVELL TECHNOLOGY INC                        | CUSIP: 573874AJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    810000 | PA      | $736953.39    | 0.26%             | 2031-04-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Alabama Power Company                                                                                          | ALABAMA POWER CO                              | CUSIP: 010392FR4<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |    615000 | PA      | $468698.27    | 0.16%             | 2047-12-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS, INC.                                                                          | NEXTERA ENERGY CAPITAL                        | CUSIP: 65339KCP3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1335000 | PA      | $1342152.93   | 0.47%             | 2033-02-28      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY COMPANY                                                                                             | DTE ENERGY CO                                 | CUSIP: 233331BK2<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254825.25    | 0.09%             | 2029-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Pfizer Investment Enterprises Pte. Ltd.                                                                        | PFIZER INVESTMENT ENTERPRISES PTE LTD         | CUSIP: 716973AH5<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    440000 | PA      | $408695.32    | 0.14%             | 2063-05-19      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS, INC.                                                                                       | MOTOROLA SOLUTIONS INC                        | CUSIP: 620076BZ1<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1092187.10   | 0.38%             | 2034-04-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FISERV, INC.                                                                                                   | FISERV INC                                    | CUSIP: 337738BL1<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    295000 | PA      | $301502.69    | 0.10%             | 2034-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| STATE STREET INSTITUTIONAL TREASURY MMKT                                                                       | STATE STREET INSTITUTIONAL TREASURY MMKT      | CUSIP: 85799J9Y2<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2211059 | NS      | $2211059.41   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP                                                                                             | CRESTWOOD MID PARTNER LP                      | CUSIP: 226373AT5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1890000 | PA      | $1979674.83   | 0.69%             | 2031-02-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL FINANCIAL GROUP, INC.                                                                                | PRINCIPAL FINANCIAL GRP                       | CUSIP: 74251VAS1<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | DBT              | CORP              | US        |    775000 | PA      | $690221.98    | 0.24%             | 2030-06-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| SABRA HEALTH CARE LIMITED PARTNERSHIP                                                                          | CARE CAPITAL PROPERTIES WI                    | CUSIP: 14162VAB2<br>LEI: 549300OVKLRFSIQG0H81 | Long             | DBT              | CORP              | US        |    959000 | PA      | $961087.74    | 0.33%             | 2026-08-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CSX Corporation                                                                                                | CSX CORPORATION                               | CUSIP: 126408GS6<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |   1335000 | PA      | $1437299.72   | 0.50%             | 2040-04-30      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WORLDWIDE INC.                                                                            | ANHEUSER BUSCH INBEV WOR                      | CUSIP: 035240AG5<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    385000 | PA      | $362517.93    | 0.13%             | 2042-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ATMOS ENERGY CORPORATION                                                                                       | ATMOS ENERGY CORP                             | CUSIP: 049560AA3<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |   1960000 | PA      | $2078013.56   | 0.72%             | 2028-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FISERV, INC.                                                                                                   | FISERV INC                                    | CUSIP: 337738BE7<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    990000 | PA      | $1023280.83   | 0.36%             | 2033-03-02      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS COMPANY                                                                                         | GENERAL MOTORS CO                             | CUSIP: 37045VAV2<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    488000 | PA      | $489093.12    | 0.17%             | 2025-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS, INC.                                                                                     | CONSTELLATION BRANDS INC                      | CUSIP: 21036PBP2<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |   2185000 | PA      | $2162000.69   | 0.75%             | 2033-05-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Pfizer Investment Enterprises Pte. Ltd.                                                                        | PFIZER INVESTMENT ENTERPRISES PTE LTD         | CUSIP: 716973AF9<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |   1225000 | PA      | $1168832.53   | 0.41%             | 2043-05-19      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| POTOMAC ELECTRIC POWER COMPANY                                                                                 | POTOMAC ELECTRIC POWER                        | CUSIP: 737679DJ6<br>LEI: 549300BXF2DWUNN57U06 | Long             | DBT              | CORP              | US        |    120000 | PA      | $116650.20    | 0.04%             | 2054-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COMPANY GAS CAPITAL CORPORATION                                                                       | SOUTHERN CO GAS CAPITAL                       | CUSIP: 8426EPAC2<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |    920000 | PA      | $747962.76    | 0.26%             | 2047-05-30      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| UDR, INC.                                                                                                      | UDR INC                                       | CUSIP: 90265EAT7<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              | CORP              | US        |    552000 | PA      | $456455.98    | 0.16%             | 2032-08-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                                                                         | CVS HEALTH CORP                               | CUSIP: 126650CX6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1765000 | PA      | $1758112.97   | 0.61%             | 2028-03-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| NUCOR CORPORATION                                                                                              | NUCOR CORP                                    | CUSIP: 670346AV7<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |    185000 | PA      | $168590.69    | 0.06%             | 2032-04-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Deutsche Telekom International Finance B.V.                                                                    | DEUTSCHE TELEKOM INT FIN                      | CUSIP: 25156PAC7<br>LEI: 529900ERDFHS6C1M4U58 | Long             | DBT              | CORP              | NL        |   1001000 | PA      | $1179789.61   | 0.41%             | 2030-06-15      | Variable      | 8.75%                 | No            |                  2 | On Loan: No      |
| APPLE INC.                                                                                                     | APPLE INC                                     | CUSIP: 037833BX7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   2345000 | PA      | $2140914.65   | 0.74%             | 2046-02-23      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| EIDP, INC.                                                                                                     | EIDP INC                                      | CUSIP: 263534CR8<br>LEI: GLU7INWNWH88J9XBXD45 | Long             | DBT              | CORP              | US        |    310000 | PA      | $307944.70    | 0.11%             | 2033-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                                                        | BRISTOL MYERS SQUIBB CO                       | CUSIP: 110122EL8<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    150000 | PA      | $145056.00    | 0.05%             | 2064-02-22      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| COMCAST CORPORATION                                                                                            | COMCAST CORP                                  | CUSIP: 20030NCE9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    870000 | PA      | $659753.19    | 0.23%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VENTAS REALTY, LIMITED PARTNERSHIP                                                                             | VENTAS REALTY LP                              | CUSIP: 92277GAW7<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1034104.58   | 0.36%             | 2031-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NUCOR CORPORATION                                                                                              | NUCOR CORP                                    | CUSIP: 670346AN5<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |    434000 | PA      | $420298.62    | 0.15%             | 2043-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| The Travelers Companies, Inc.                                                                                  | TRAVELERS COMPANIES INC                       | CUSIP: 89417EAH2<br>LEI: 549300Y650407RU8B149 | Long             | DBT              | CORP              | US        |    335000 | PA      | $335787.59    | 0.12%             | 2040-11-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| VALERO ENERGY CORPORATION                                                                                      | VALERO ENERGY CORP                            | CUSIP: 91913YAL4<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |   1190000 | PA      | $1271039.00   | 0.44%             | 2037-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC.                                                                                                    | ABBVIE INC                                    | CUSIP: 00287YAM1<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1949000 | PA      | $1713225.57   | 0.59%             | 2042-11-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                                                          | WELLS FARGO COMPANY                           | CUSIP: 95000U2G7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2035000 | PA      | $1898420.98   | 0.66%             | 2030-10-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| NNN REIT, INC.                                                                                                 | NATIONAL RETAIL PROPERTIES INC                | CUSIP: 637417AN6<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1075452.00   | 0.37%             | 2030-04-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN, INC.                                                                                            | KINDER MORGAN INC                             | CUSIP: 49456BBC4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    140000 | PA      | $144739.84    | 0.05%             | 2035-06-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| SPDR Portfolio Corporate Bond ETF                                                                              | SPDR PORTFOLIO CORPORATE BOND                 | CUSIP: 78464A144<br>LEI: N/A                  | Long             |  | RF                | US        |    312290 | NS      | $9125113.80   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR, INC.                                                                                                      | UDR INC                                       | CUSIP: 90265EAR1<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              | CORP              | US        |    352000 | PA      | $320086.27    | 0.11%             | 2031-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                                                                                  | GOLDMAN SACHS GROUP INC THE                   | CUSIP: 38141GWV2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983130.00    | 0.34%             | 2029-04-23      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                                                                                  | GOLDMAN SACHS GROUP INC THE                   | CUSIP: 38141GYJ7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4540000 | PA      | $3963197.54   | 1.38%             | 2032-07-21      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| LOWE'S COMPANIES, INC.                                                                                         | LOWE S COS INC                                | CUSIP: 548661EM5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    400000 | PA      | $384020.40    | 0.13%             | 2053-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HCA INC.                                                                                                       | HCA INC                                       | CUSIP: 404119CQ0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    955000 | PA      | $977073.87    | 0.34%             | 2033-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SS INST TREAS PLUS MM FUN                                                                                      | SS INST TREAS PLUS MM FUN                     | CUSIP: 930SJLII0<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1036757 | NS      | $1036756.89   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PNC FINANCIAL SERVICES GROUP, INC.                                                                         | PNC FINANCIAL SERVICES GROUP INC THE          | CUSIP: 693475BW4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2025000 | PA      | $2097855.45   | 0.73%             | 2035-01-22      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Vanguard Intermediate Term Treasury ETF                                                                        | VANGUARD INTERMEDIATE TERM TREASURY ETF       | CUSIP: 92206C706<br>LEI: N/A                  | Long             |  | RF                | US        |    483691 | NS      | $28929558.71  | 10.04%            |  |  |  | No            |                  1 | On Loan: No      |
| COMPAGNIE DE CHEMIN DE FER CANADIEN PACIFIQUE                                                                  | CANADIAN PACIFIC RAILWAY CO                   | CUSIP: 13645RBH6<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $157606.32    | 0.05%             | 2051-12-02      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL, INC.                                                                                     | PRUDENTIAL FINANCIAL INC                      | CUSIP: 744320BK7<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    360000 | PA      | $363234.60    | 0.13%             | 2052-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA, INC.                                                                                             | T MOBILE USA INC                              | CUSIP: 87264ACY9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    530000 | PA      | $533242.01    | 0.19%             | 2033-07-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                                                                           | JPMORGAN CHASE CO                             | CUSIP: 46647PCC8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   7015000 | PA      | $6251080.53   | 2.17%             | 2032-04-22      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corporation                                                                                   | NORTHROP GRUMMAN CORP                         | CUSIP: 666807BP6<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |   1395000 | PA      | $1114069.32   | 0.39%             | 2047-10-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                                                                                         | CONOCOPHILLIPS COMPANY                        | CUSIP: 20826FBH8<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    155000 | PA      | $147644.17    | 0.05%             | 2063-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORPORATION                                                                                   | LINCOLN NATIONAL CORP                         | CUSIP: 534187BJ7<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    475000 | PA      | $445506.30    | 0.15%             | 2030-01-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY, INC                                                                                        | MARVELL TECHNOLOGY INC                        | CUSIP: 573874AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2826000 | PA      | $2678561.93   | 0.93%             | 2028-04-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC COMPANY                                                                                           | DTE ELECTRIC CO                               | CUSIP: 23338VAG1<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    765000 | PA      | $581431.37    | 0.20%             | 2047-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.                                                                  | CONSOLIDATED EDISON CO O                      | CUSIP: 209111FD0<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    380000 | PA      | $326265.72    | 0.11%             | 2044-03-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                                                                                    | VERIZON COMMUNICATIONS                        | CUSIP: 92343VGK4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   3665000 | PA      | $2814467.12   | 0.98%             | 2041-03-22      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| COPT DEFENSE PROPERTIES, L.P.                                                                                  | CORPORATE OFFICE PROPERTIES LP                | CUSIP: 22003BAN6<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1230606.94   | 0.43%             | 2029-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| VENTAS REALTY, LIMITED PARTNERSHIP                                                                             | VENTAS REALTY LP                              | CUSIP: 92277GAN7<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |    945000 | PA      | $941181.26    | 0.33%             | 2029-01-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BUNGE LIMITED FINANCE CORP.                                                                                    | BUNGE LTD FINANCE CORP                        | CUSIP: 120568BC3<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |   2165000 | PA      | $1952513.91   | 0.68%             | 2031-05-14      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN, INC.                                                                                            | KINDER MORGAN INC                             | CUSIP: 49456BBB6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    280000 | PA      | $285221.16    | 0.10%             | 2030-06-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ATMOS ENERGY CORPORATION                                                                                       | ATMOS ENERGY CORP                             | CUSIP: 049560AM7<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |     90000 | PA      | $74300.94     | 0.03%             | 2044-10-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Iberdrola International B.V.                                                                                   | IBERDROLA INTL BV                             | CUSIP: 29266MAF6<br>LEI: 549300ZMLFJKWC63XN87 | Long             | DBT              | CORP              | NL        |   1180000 | PA      | $1328952.58   | 0.46%             | 2036-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| STEEL DYNAMICS, INC.                                                                                           | STEEL DYNAMICS INC                            | CUSIP: 858119BQ2<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |    730000 | PA      | $738782.63    | 0.26%             | 2034-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Federal Express Pass Through Trust                                                                             | FEDEX CORP 2020 1 CLASS AA PASS THROUGH TRUST | CUSIP: 314353AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1644043 | PA      | $1412311.86   | 0.49%             | 2035-08-20      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY COMPANY                                                                                             | DTE ENERGY CO                                 | CUSIP: 233331BL0<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    780000 | PA      | $814670.22    | 0.28%             | 2034-06-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH, INC.                                                                                          | ANTHEM INC                                    | CUSIP: 94973VAY3<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    600000 | PA      | $524782.80    | 0.18%             | 2042-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SPECTRA ENERGY PARTNERS, LP                                                                                    | SPECTRA ENERGY PARTNERS                       | CUSIP: 84756NAG4<br>LEI: 2HKVXE7U4NF5B6UGSU72 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1025258.75   | 0.36%             | 2045-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                                                                    | BANK OF AMERICA CORP                          | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   6575000 | PA      | $5887682.38   | 2.04%             | 2032-04-22      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION                                                                    | IBM CORP                                      | CUSIP: 459200HF1<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    400000 | PA      | $330375.20    | 0.11%             | 2042-06-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIONS PUBLIC LIMITED COMPANY                                                              | BRITISH TELECOM PLC                           | CUSIP: 111021AE1<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |   1546000 | PA      | $1898854.40   | 0.66%             | 2030-12-15      | Variable      | 9.62%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC.                                                                                                    | ABBVIE INC                                    | CUSIP: 00287YDX4<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    435000 | PA      | $422156.63    | 0.15%             | 2064-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RELIANCE, INC.                                                                                                 | RELIANCE STEEL ALUMINUM CO                    | CUSIP: 759509AF9<br>LEI: 549300E287ZOFT3C5Z56 | Long             | DBT              | CORP              | US        |   1239000 | PA      | $1233938.69   | 0.43%             | 2025-08-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                                                                                    | VERIZON COMMUNICATIONS INC                    | CUSIP: 92343VFU3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    100000 | PA      | $62276.00     | 0.02%             | 2050-11-20      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| America Movil, S.A.B. de C.V.                                                                                  | AMERICA MOVIL SAB DE CV                       | CUSIP: 02364WAP0<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    400000 | PA      | $423701.60    | 0.15%             | 2037-11-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                                                        | BRISTOL MYERS SQUIBB CO                       | CUSIP: 110122CR7<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $856271.18    | 0.30%             | 2049-10-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS, L.P.                                                                                 | CHENIERE ENERGY PARTNERS LP                   | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    711000 | PA      | $703296.32    | 0.24%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                                                             | SUNOCO LOGISTICS PARTNERS                     | CUSIP: 86765BAM1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1224982.08   | 0.43%             | 2043-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED                                                                                | UNITEDHEALTH GROUP INC                        | CUSIP: 91324PFC1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    145000 | PA      | $135527.88    | 0.05%             | 2054-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Vanguard Total Corporate Bond ETF                                                                              | VANGUARD TOTAL CORPORATE BOND FUND            | CUSIP: 92206C573<br>LEI: N/A                  | Long             |  | RF                | US        |    456255 | NS      | $35282199.15  | 12.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                                                                                          | DOMINION ENERGY INC                           | CUSIP: 25746UDY2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    350000 | PA      | $352356.90    | 0.12%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                                                                           | JPMORGAN CHASE CO                             | CUSIP: 46647PEC6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    890000 | PA      | $909282.74    | 0.32%             | 2035-01-23      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES, INC.                                                                                          | GILEAD SCIENCES INC                           | CUSIP: 375558BA0<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $994495.85    | 0.35%             | 2045-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DEVON FINANCING COMPANY, L.L.C.                                                                                | DEVON FINANCING CORP LLC                      | CUSIP: 25179SAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1558250.00   | 0.54%             | 2031-09-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Progress Energy, Inc.                                                                                          | PROGRESS ENERGY INC                           | CUSIP: 743263AE5<br>LEI: 549300FBMTW0JYWMNB26 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1242761.17   | 0.43%             | 2031-03-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MOHAWK INDUSTRIES, INC.                                                                                        | MOHAWK INDUSTRIES INC                         | CUSIP: 608190AL8<br>LEI: 549300JI1115MG3Q6322 | Long             | DBT              | CORP              | US        |    409000 | PA      | $391098.07    | 0.14%             | 2030-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                                                                                       | DEVON ENERGY CORPORATION                      | CUSIP: 25179MAN3<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    100000 | PA      | $83479.00     | 0.03%             | 2042-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORPORATION                                                                                   | LINCOLN NATIONAL CORP                         | CUSIP: 534187BK4<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    625000 | PA      | $580833.13    | 0.20%             | 2031-01-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                                                                    | BANK OF AMERICA CORP                          | CUSIP: 06051GHQ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1965752.00   | 0.68%             | 2030-02-07      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                                                                                       | AMERICAN EXPRESS CO                           | CUSIP: 025816ED7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1940000 | PA      | $1960034.38   | 0.68%             | 2029-04-25      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES, INC.                                                                                          | DELTA AIR LINES INC                           | CUSIP: 247361ZT8<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   1892000 | PA      | $1806165.64   | 0.63%             | 2029-10-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CHUBB INA HOLDINGS LLC                                                                                         | CHUBB INA HOLDINGS LLC                        | CUSIP: 171239AK2<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |    300000 | PA      | $304534.80    | 0.11%             | 2034-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PUBLIC LIMITED COMPANY                                                                          | VODAFONE GROUP PLC                            | CUSIP: 92857WBS8<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    285000 | PA      | $243837.45    | 0.08%             | 2049-06-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Progress Energy, Inc.                                                                                          | PROGRESS ENERGY INC                           | CUSIP: 743263AP0<br>LEI: 549300FBMTW0JYWMNB26 | Long             | DBT              | CORP              | US        |   2184000 | PA      | $2268496.78   | 0.79%             | 2039-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SHELL FINANCE US INC.                                                                                          | SHELL FINANCE US INC                          | CUSIP: 822905AD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1078657.83   | 0.37%             | 2043-08-12      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION                                                                                             | ORACLE CORP                                   | CUSIP: 68389XBF1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1040441.30   | 0.36%             | 2045-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION ENERGY GENERATION, LLC                                                                           | CONSTELLATION ENERGY GENERATION LLC           | CUSIP: 210385AD2<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    425000 | PA      | $456421.53    | 0.16%             | 2034-01-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                                                                                              | SYSCO CORP                                    | CUSIP: 871829BN6<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    120000 | PA      | $129565.32    | 0.04%             | 2050-04-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| CARLISLE COMPANIES INCORPORATED                                                                                | CARLISLE COS INC                              | CUSIP: 142339AL4<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |   1810000 | PA      | $1529450.00   | 0.53%             | 2032-03-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| WASTE CONNECTIONS, INC.                                                                                        | WASTE CONNECTIONS INC                         | CUSIP: 94106BAG6<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |    290000 | PA      | $292653.50    | 0.10%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PUBLIC LIMITED COMPANY                                                                          | VODAFONE GROUP PLC                            | CUSIP: 92857WAQ3<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    162000 | PA      | $173363.81    | 0.06%             | 2037-02-27      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORPORATION                                                                                          | MICROSOFT CORP                                | CUSIP: 594918BT0<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   1715000 | PA      | $1377283.92   | 0.48%             | 2046-08-08      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| MOHAWK INDUSTRIES, INC.                                                                                        | MOHAWK INDUSTRIES INC                         | CUSIP: 608190AM6<br>LEI: 549300JI1115MG3Q6322 | Long             | DBT              | CORP              | US        |    754000 | PA      | $782327.78    | 0.27%             | 2028-09-18      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL, INC.                                                                                     | PRUDENTIAL FINANCIAL INC                      | CUSIP: 74432QCA1<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   1005000 | PA      | $882732.71    | 0.31%             | 2044-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                                                 | MORGAN STANLEY                                | CUSIP: 61747YEL5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   4875000 | PA      | $4338569.63   | 1.51%             | 2033-01-21      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                                               | PHILIP MORRIS INTL INC                        | CUSIP: 718172AP4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1435000 | PA      | $1261880.17   | 0.44%             | 2042-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RTX CORPORATION                                                                                                | UNITED TECHNOLOGIES CORP                      | CUSIP: 913017BT5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   1819000 | PA      | $1602564.47   | 0.56%             | 2042-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AMGEN INC.                                                                                                     | AMGEN INC                                     | CUSIP: 031162CR9<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $905111.92    | 0.31%             | 2040-02-21      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Company                                                                            | VIRGINIA ELEC POWER CO                        | CUSIP: 927804FY5<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    625000 | PA      | $469606.88    | 0.16%             | 2047-09-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC AND GAS COMPANY                                                                        | PUB SVC ELEC GAS                              | CUSIP: 74456QBA3<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    265000 | PA      | $209060.36    | 0.07%             | 2042-09-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                                                 | MORGAN STANLEY                                | CUSIP: 6174468L6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1848000 | PA      | $1702198.34   | 0.59%             | 2031-01-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                                                                                 | CITIGROUP INC                                 | CUSIP: 172967NN7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3475000 | PA      | $3240451.40   | 1.12%             | 2033-03-17      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| METLIFE, INC.                                                                                                  | METLIFE INC                                   | CUSIP: 59156RCD8<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    325000 | PA      | $306280.33    | 0.11%             | 2054-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DELL INTERNATIONAL L.L.C.                                                                                      | DELL INTERNATIONAL LLC EMC CORP               | CUSIP: 24703DBQ3<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   1480000 | PA      | $1423336.72   | 0.49%             | 2035-02-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                                                  | ENBRIDGE INC                                  | CUSIP: 29250NAR6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |      1000 | PA      | $986.25       | 0.00%             | 2027-07-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| APPLE INC.                                                                                                     | APPLE INC                                     | CUSIP: 037833ER7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    335000 | PA      | $263334.12    | 0.09%             | 2062-08-08      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                                                                                       | DEVON ENERGY CORPORATION                      | CUSIP: 25179MAL7<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    430000 | PA      | $396580.40    | 0.14%             | 2041-07-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| HCA INC.                                                                                                       | HCA INC                                       | CUSIP: 404119BW8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    800000 | PA      | $828884.00    | 0.29%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                                                                                  | GOLDMAN SACHS GROUP INC THE                   | CUSIP: 38141GYN8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    850000 | PA      | $750125.85    | 0.26%             | 2032-10-21      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS AMERICA INC.                                                                                | BP CAPITAL MARKETS AMERICA INC                | CUSIP: 10373QBG4<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |   1210000 | PA      | $777164.85    | 0.27%             | 2050-02-24      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY, INC                                                                                        | MARVELL TECHNOLOGY INC                        | CUSIP: 573874AQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $216131.71    | 0.08%             | 2033-09-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                                                                    | BANK OF AMERICA CORP                          | CUSIP: 06051GLU1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    790000 | PA      | $830259.98    | 0.29%             | 2034-09-15      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORPORATION                                                                              | CAPITAL ONE FINANCIAL CORP                    | CUSIP: 14040HCJ2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $436613.50    | 0.15%             | 2032-11-02      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| State Street Institutional Investment Trust: State Street Institutional Treasury Plus Money Market Fund; Trust | STATE STREET INSTITUTIONAL TREASURY PLUS MMKT | CUSIP: 85749Q448<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    309448 | NS      | $309447.82    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE, INC.                                                                                                  | METLIFE INC                                   | CUSIP: 59156RBG2<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    580000 | PA      | $530217.44    | 0.18%             | 2043-11-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING, LLC                                                                          | CHARTER COMMUNICATIONS OPERATING LLC          | CUSIP: 161175BU7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   2990000 | PA      | $2663480.04   | 0.92%             | 2031-04-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA, INC.                                                                                             | T MOBILE USA INC                              | CUSIP: 87264ACW3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1210000 | PA      | $1171269.11   | 0.41%             | 2053-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INCORPORATED                                                                              | MICROCHIP TECHNOLOGY INC                      | CUSIP: 595017BA1<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   3771000 | PA      | $3767892.70   | 1.31%             | 2025-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC.                                                                                                   | NEWFIELD EXPLORATION CO                       | CUSIP: 651290AR9<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |   3175000 | PA      | $3178492.50   | 1.10%             | 2026-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corporation                                                                                   | TRUIST FINANCIAL CORP                         | CUSIP: 89788MAP7<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1490000 | PA      | $1552307.33   | 0.54%             | 2034-06-08      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| AT&T INC.                                                                                                      | AT T INC                                      | CUSIP: 00206RDK5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    700000 | PA      | $579398.40    | 0.20%             | 2049-03-09      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| AIR PRODUCTS AND CHEMICALS, INC.                                                                               | AIR PRODUCTS AND CHEMICALS INC                | CUSIP: 009158AZ9<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | DBT              | CORP              | US        |    232000 | PA      | $168529.21    | 0.06%             | 2040-05-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH COMPANIES, LLC                                                                                  | ANHEUSER BUSCH CO INBEV                       | CUSIP: 03522AAJ9<br>LEI: 5493002J2SVENP0PVK27 | Long             | DBT              | CORP              | US        |   2315000 | PA      | $2119412.60   | 0.74%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN, INC.                                                                                            | KINDER MORGAN INC DELAWA                      | CUSIP: 49456BAH4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   1610000 | PA      | $1512839.72   | 0.53%             | 2045-06-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| ROCKWELL COLLINS, INC.                                                                                         | ROCKWELL COLLINS INC                          | CUSIP: 774341AK7<br>LEI: XO75O7GICH1NPWLBRL05 | Long             | DBT              | CORP              | US        |   1244000 | PA      | $1216010.00   | 0.42%             | 2027-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH, INC.                                                                                          | ANTHEM INC                                    | CUSIP: 94973VBB2<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    750000 | PA      | $655884.75    | 0.23%             | 2043-01-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| RADIAN GROUP INC.                                                                                              | RADIAN GROUP INC                              | CUSIP: 750236AW1<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |   1930000 | PA      | $1931022.90   | 0.67%             | 2027-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORPORATION                                                                              | CAPITAL ONE FINANCIAL CORP                    | CUSIP: 14040HCX1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   3780000 | PA      | $3869087.04   | 1.34%             | 2029-02-01      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORPORATION                                                                              | CAPITAL ONE FINANCIAL CORP                    | CUSIP: 14040HCU7<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    598000 | PA      | $598000.60    | 0.21%             | 2026-07-24      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED                                                                                | UNITEDHEALTH GROUP INC                        | CUSIP: 91324PFK3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    400000 | PA      | $388072.40    | 0.13%             | 2044-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                                                 | MORGAN STANLEY                                | CUSIP: 61744YAK4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1468417.50   | 0.51%             | 2028-07-22      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION                                                       | NATIONAL RURAL UTILITIES                      | CUSIP: 637432CT0<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    375000 | PA      | $439809.75    | 0.15%             | 2032-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd.                                                                                                   | NUTRIEN LTD                                   | CUSIP: 67077MBB3<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |    655000 | PA      | $645690.49    | 0.22%             | 2053-03-27      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN, INC.                                                                                            | BROWN BROWN INC                               | CUSIP: 115236AE1<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   2925000 | PA      | $2799280.58   | 0.97%             | 2032-03-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED                                                                                | UNITEDHEALTH GROUP INC                        | CUSIP: 91324PBU5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    215000 | PA      | $188689.81    | 0.07%             | 2041-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                                                  | FORD MOTOR CREDIT CO LLC                      | CUSIP: 345397XL2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2995524.00   | 1.04%             | 2025-08-04      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** HC Capital Trust

**Signature:** Colette Bergman

**Name of Signer:** Colette Bergman

**Title:** Treasurer