# EDGAR Filing Document

**Accession Number:** 0000832808
**File Stem:** 0001410368-25-031088
**Filing Date:** 2025-11
**Character Count:** 191916
**Document Hash:** 5915749334c96d54275ba5d3f1bdca7f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-031088.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001410368-25-031088

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BERNSTEIN SANFORD C FUND INC
- **CENTRAL INDEX KEY:** 0000832808

**ORGANIZATION NAME:**
- **EIN:** 133464161
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05555
- **FILM NUMBER:** 251522237

**BUSINESS ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 2129691000

**MAIL ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

## Series and Classes Contracts Data

### Tax-Aware Overlay B Portfolio (Series ID: S000027650)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000083500 | Class 1      | SBTOX           |
| C000083501 | Class 2      | SBTTX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BERNSTEIN SANFORD C FUND INC

- **b. Investment Company Act file number:** 811-05555

- **c. CIK number of Registrant:** 0000832808

- **d. LEI of Registrant:** 549300GA5IHQHIM7CU60

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10001

  - **Telephone number:** 212-969-1000

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

- **a. Name of Series:** Tax-Aware Overlay B Portfolio

- **b. EDGAR series identifier (if any):** S000027650

- **c. LEI of Series:** LUC3N2ZMPZNMBTZW4051

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

- **a. Date of fiscal year-end:** 2025-09-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $485658883.37

**Total Liabilities:** $3948726.08

**Net Assets:** $481710157.29

**Delayed Delivery Securities:** $3171988.40

**Cash Not Reported:** $1723515.93

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -755.14000000 | **1-Year:** -13014.39000000 | **5-Year:** -45311.31000000 | **10-Year:** -72106.41000000 | **30-Year:** -24725.37000000

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

- **3-Month:** -243.62000000 | **1-Year:** -3189.82000000 | **5-Year:** -5564.39000000 | **10-Year:** -11246.42000000 | **30-Year:** -3832.82000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000083500 | 0.54%                | 1.61%                | 2.03%                |
| Class ID C000083501 | 0.63%                | 1.61%                | 2.03%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-78790.53               | $245625.35                                 |
| Month 2  | $-244226.31              | $4782049.00                                |
| Month 3  | $-197574.26              | $6855377.26                                |

**Designated Index Information**

- **Index Name:** 21.75% Russell 3000/8.25% MSCI ACWI ex-USA IMI (net)/42% Bloomberg 1-10 Year Municipal Bond/28% Bloomberg 1-10 Year US Gov Inflation-Linked Bonds

- **Index Identifier:** ^RUA,NDUEACWZ,B12MTR,LTI1TRUU:IND

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD                                                                           | CUSIP: 04052FBN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $897370.08    | 0.19%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alliance Bernstein                                                               | AB Fixed Income Shares, Inc. - Government Money Market Portfolio                                                                       | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |  18701783 | NS      | $18701782.83  | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| State of Vermont                                                                 | VERMONT ST                                                                                                                             | CUSIP: 9242586H4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3135000 | PA      | $3082890.97   | 0.64%             | 2043-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                        | ATLANTA GA ARPT REVENUE                                                                                                                | CUSIP: 04780MZU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2519085.79   | 0.52%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Washington OH                                                          | WASHINGTON CNTY OH HOSP REVENUE                                                                                                        | CUSIP: 938154DV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067387.10   | 0.22%             | 2037-12-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                            | CUYAHOGA CNTY OH HOSP REVENUE                                                                                                          | CUSIP: 2322655J3<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4072261.60   | 0.85%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | DETROIT MI                                                                                                                             | CUSIP: 2510933H1<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047742.00   | 0.22%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD                                                                           | CUSIP: 04052FBS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $712446.53    | 0.15%             | 2039-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                   | CUSIP: 74526QPP1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1264249.81   | 0.26%             | 2031-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Albany County Airport Authority                                                  | ALBANY CNTY NY ARPT AUTH                                                                                                               | CUSIP: 012123NK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $148462.11    | 0.03%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Valley Energy Authority                                                  | CENTRL VLY CA ENERGY AUTH COMMODITY SPLY REVENUE                                                                                       | CUSIP: 15569DAA0<br>LEI: 254900G5IPQ9MA3FRJ55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1094933.50   | 0.23%             | 2055-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                                           | CUSIP: 45204E6X1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    400000 | PA      | $403700.24    | 0.08%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NOVANT HEALTH INC                                                                | Novant Health Inc                                                                                                                      | CUSIP: 66988AAG9<br>LEI: 549300ZUXEGFGE8EP917 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1220427.00   | 0.25%             | 2036-11-01      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE                                                                                       | CUSIP: 13048RAG2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4710000 | PA      | $4500890.60   | 0.93%             | 2044-10-01      | Floating      | 2.40%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                                | CUSIP: 6461363N9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1701636.69   | 0.35%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Wisconsin Hospitals & Clinics                                      | UNIV HOSPS & CLINICS AUTH WI                                                                                                           | CUSIP: 915260FU2<br>LEI: 549300O76DW14JGO7224 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2213281.60   | 0.46%             | 2054-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                                           | Long: IS2TTD9   IRS USD R V 12MUSCPI IS2TTE0  INFLATIONZERO / Short: IS2TTD9   IRS USD P F  3.49300 IS2TTD9  INFLATIONZERO             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |   2800000 | OU      | $55551.58     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                                      | E-MINI RUSS 2000 DEC25                                                                                                                 | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        54 | NC      | $37920.10     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                                            | CUSIP: 442349HU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070871.70   | 0.22%             | 2034-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                     | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE                                                                                  | CUSIP: 5755792B2<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064536.20   | 0.22%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                                                                                                | CUSIP: 13080SWM2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    375000 | PA      | $384568.88    | 0.08%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                                                                                            | CUSIP: 13058TJJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $509636.78    | 0.11%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                        | ATLANTA GA ARPT REVENUE                                                                                                                | CUSIP: 04780MYR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $656164.14    | 0.14%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                    | NEW YORK ST URBAN DEV CORP REVENUE                                                                                                     | CUSIP: 650036FC5<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    275000 | PA      | $301895.03    | 0.06%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION                                                                                                       | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1073589 | PA      | $1034358.97   | 0.21%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS36HM4   IRS USD R V 00MSOFR IS36HN5 CCPOIS / Short: BS36HM4   IRS USD P F  3.40700 IS36HM4 CCPOIS                              | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  33000000 | OU      | $348753.12    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                   | PURCHASED USD / SOLD CAD                                                                                                               | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $23039.14     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                                                                                               | CUSIP: 84136HBC6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055751.10   | 0.22%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS249F6   IRS USD R V 12MUSCPI IS249G7 CCPINFLATIONZERO / Short: BS249F6   IRS USD P F  1.71400 IS249F6 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1550000 | OU      | $290009.40    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Los Angeles CA                                                           | LOS ANGELES CA                                                                                                                         | CUSIP: 544351SF7<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1824389.12   | 0.38%             | 2026-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                               | CUSIP: 544532LW2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086595.80   | 0.23%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                                                                                               | CUSIP: 67884XCV7<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041469.80   | 0.22%             | 2037-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Polk County Industrial Development Authority/FL                                  | POLK CNTY FL INDL DEV AUTH                                                                                                             | CUSIP: 731120NQ0<br>LEI: 549300UTRO4TAORRAL04 | Long             | DBT              | MUN               | US        |    950000 | PA      | $190000.00    | 0.04%             | 2033-01-01      | Fixed         | 5.88%                 | No            |                  3 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                              | Long: IS2TT51   IRS USD R V 12MUSCPI IS2TT62  INFLATIONZERO / Short: IS2TT51   IRS USD P F  2.15800 IS2TT51  INFLATIONZERO             | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              |  | US        |   6800000 | OU      | $1042338.61   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                  | Long: BS37307   CDS USD R V 03MEVENT IS37318 CCPCDX / Short: BS37307   CDS USD P F  5.00000 IS37307 CCPCDX                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                                   | CUSIP: 65000BMS4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $930599.70    | 0.19%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                        | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                                                                                             | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2033986.40   | 0.42%             | 2052-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                                                                           | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1546000 | PA      | $1336872.58   | 0.28%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                                   | CUSIP: 65000BND6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $962023.10    | 0.20%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                  | Long: BS372A0   CDS USD R V 03MEVENT IS372B1 CCPCDX / Short: BS372A0   CDS USD P F  5.00000 IS372A0 CCPCDX                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                                           | CUSIP: 45204E6Q6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100754.14    | 0.02%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                         | CUSIP: 650116FQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025366.50   | 0.21%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                                                 | PURCHASED SEK / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | SE        |         1 | NC      | $6637.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                            | CUSIP: 13013JCC8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2210762.84   | 0.46%             | 2053-07-01      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                      | Long: IS1FYS8   IRS USD R V 12MUSCPI IS1FYT9 INFLATIONZERO / Short: IS1FYS8   IRS USD P F  2.10400 IS1FYS8 INFLATIONZERO               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |  10000000 | OU      | $1509489.10   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                                           | PURCHASED JPY / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | JP        |         1 | NC      | $-4576.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE                                                                                        | CUSIP: 70870JEM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1991573.00   | 0.41%             | 2047-11-15      | Floating      | 1.17%                 | No            |                  2 | On Loan: No      |
| Fayette County Development Authority                                             | FAYETTE CNTY GA DEV AUTH REVENUE                                                                                                       | CUSIP: 31222PAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $435143.72    | 0.09%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pasco FL                                                               | PASCO CNTY FL HOSP REVENUE                                                                                                             | CUSIP: 70252CAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1084249.20   | 0.23%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS31F03   IRS USD R V 12MUSCPI IS31F14 CCPINFLATIONZERO / Short: BS31F03   IRS USD P F  2.48500 IS31F03 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6750000 | OU      | $67919.11     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                                      | S+P500 EMINI FUT DEC25                                                                                                                 | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |       171 | NC      | $770527.02    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| New York State Thruway Authority                                                 | NEW YORK ST THRUWAY AUTH                                                                                                               | CUSIP: 650009W33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2817391.71   | 0.58%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                      | CALIFORNIA ST ENTERPRISE DEV AUTH CHRT SCH REVENUE                                                                                     | CUSIP: 13069AAS7<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    540000 | PA      | $534366.99    | 0.11%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS2Y6I8   IRS USD R V 00MSOFR IS2Y6J9 CCPOIS / Short: BS2Y6I8   IRS USD P F  3.62700 IS2Y6I8 CCPOIS                              | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4500000 | OU      | $1489.33      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                                                                                            | CUSIP: 13058TQA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000834.20   | 0.21%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Ashland KY                                                               | ASHLAND KY MED CENTER REVENUE                                                                                                          | CUSIP: 044293BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $326578.49    | 0.07%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                                                                                                        | CUSIP: 888808HD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3640200.57   | 0.76%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                         | PURCHASED JPY / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | JP        |         1 | NC      | $-15350.94    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                                | Long: IS2TT73   IRS USD R V 12MUSCPI IS2TT84  INFLATIONZERO / Short: IS2TT73   IRS USD P F  2.23250 IS2TT73  INFLATIONZERO             | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |   3000000 | OU      | $414335.07    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                                                                                             | CUSIP: 64972JTP3<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054131.40   | 0.22%             | 2045-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                   | PURCHASED USD / SOLD CAD                                                                                                               | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $5775.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp                                                       | TROY NY CAPITAL RESOURCE CORP REVENUE                                                                                                  | CUSIP: 897579BQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $451740.45    | 0.09%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT HOTEL OCCUPANCY TAX REVENUE                                                                                                  | CUSIP: 40065KAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029733.40   | 0.21%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                               | PITTSBURGH PA WTR & SWR AUTH                                                                                                           | CUSIP: 725304XD6<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2479509.75   | 0.51%             | 2040-09-01      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                            | CUSIP: 452152S44<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3810000 | PA      | $3824553.82   | 0.79%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS30759   IRS USD R V 12MUSCPI IS30760 CCP INFLATION ZERO / Short: BS30759   IRS USD P F  2.45000 BS30759 CCP INFLATION ZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6831000 | OU      | $79837.11     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Oakland Unified School District/Alameda County                                   | OAKLAND CA UNIF SCH DIST ALAMEDA CNTY                                                                                                  | CUSIP: 672325XK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1029935.48   | 0.21%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                               | HOUSTON TX UTILITY SYS REVENUE                                                                                                         | CUSIP: 44244CTA5<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023943.10   | 0.21%             | 2043-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                              | CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 13013FBC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $444985.92    | 0.09%             | 2050-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                   | VAUXMONT MET DIST CO                                                                                                                   | CUSIP: 92242SBB8<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    110000 | PA      | $117710.56    | 0.02%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                                                                          | CUSIP: 13063D3R7<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1097682.90   | 0.23%             | 2033-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE                                                                                       | CUSIP: 880443JM9<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1081484.90   | 0.22%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                           | AT92077 ALLIANCE                                                                                                                       | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |     24900 | NC      | $3110140.97   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| University of California                                                         | UNIV OF CALIFORNIA CA REVENUES                                                                                                         | CUSIP: 91412HNW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1530003.45   | 0.32%             | 2033-05-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS2Y860   IRS USD R V 00MSOFR IS2Y871 CCPOIS / Short: BS2Y860   IRS USD P F  3.54300 IS2Y860 CCPOIS                              | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4500000 | OU      | $30906.22     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                       | CUSIP: 63608TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $954497.19    | 0.20%             | 2035-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS31116   IRS USD R V 00MSOFR IS31127 CCPOIS / Short: BS31116   IRS USD P F  3.71750 IS31116 CCPOIS                              | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   5640000 | OU      | $-41347.62    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                           | US 2YR NOTE (CBT) DEC25                                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         9 | NC      | $-65.83       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                                            | CUSIP: 4423487H5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $390104.48    | 0.08%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Ashland KY                                                               | ASHLAND KY MED CENTER REVENUE                                                                                                          | CUSIP: 044293BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $309736.61    | 0.06%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                          | MASSACHUSETTS ST WTR RESOURCES AUTH                                                                                                    | CUSIP: 576051L79<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2200506.00   | 0.46%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                           | US ULTRA BOND CBT DEC25                                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         3 | NC      | $10440.69     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| City of Austin TX                                                                | AUSTIN TX                                                                                                                              | CUSIP: 052397AL0<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003954.20   | 0.42%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS30XT5   IRS USD R F  3.73150 IS30XT5 CCPOIS / Short: SS30XT5   IRS USD P V 00MSOFR IS30XU6 CCPOIS                              | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   8400000 | OU      | $83992.93     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                                                                                           | CUSIP: 649519DH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4620000 | PA      | $4286952.98   | 0.89%             | 2069-09-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| City of Fremont CA Community Facilities District No 1                            | FREMONT CA CMNTY FACS DIST #1                                                                                                          | CUSIP: 357129BZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1516040.83   | 0.31%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 126292BK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $764135.90    | 0.16%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOTEL REVENUE                                                                                                       | CUSIP: 74447DAE7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1439026.12   | 0.30%             | 2042-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                  | Long: BS372O4   CDS USD R V 03MEVENT IS372P5 CCPCDX / Short: BS372O4   CDS USD P F  5.00000 IS372O4 CCPCDX                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                         | CUSIP: 650116FT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1777985.60   | 0.37%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE                                                                                  | CUSIP: 51265KDJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1660693.34   | 0.34%             | 2033-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                                                                                           | CUSIP: 649519DC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350058.42    | 0.07%             | 2040-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| North Broward Hospital District                                                  | NORTH BROWARD FL HOSP DIST                                                                                                             | CUSIP: 657883DF8<br>LEI: 549300HZL14T4Q7UDP41 | Long             | DBT              | MUN               | US        |   2950000 | PA      | $3031589.04   | 0.63%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal                                       | S+P/TSX 60 IX FUT DEC25                                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |         4 | NC      | $18927.36     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                                  | CUSIP: 167505NG7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990834.90    | 0.21%             | 2029-11-01      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| AES PUERTO RICO LP                                                               | AES PUERTO RICO LP                                                                                                                     | CUSIP: 00810HAA0<br>LEI: 54930031FSLPC1L9X341 | Long             | DBT              | CORP              | US        |     25638 | PA      | $24868.88     | 0.01%             | 2026-03-04      | Variable      | 11.50%                | No            |                  3 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                    | CUSIP: 13048VBL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1767015.53   | 0.37%             | 2028-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AES GUAYAMA HOLDINGS PFD                                                         | AES GUAYAMA HOLDINGS PFD                                                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     76842 | NS      | $223610.22    | 0.05%             |  |  |  | No            |                  3 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                             | CUSIP: 7353893R7<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1122547.10   | 0.23%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                             | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE                                                                            | CUSIP: 603827Q74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050278.10   | 0.22%             | 2044-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                                | CUSIP: 89602HAG2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $853590.30    | 0.18%             | 2034-05-15      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                                                                                              | CUSIP: 072024XT4<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1960071.40   | 0.41%             | 2056-04-01      | Floating      | 3.19%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                                               | CUSIP: 40065NCB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1408795.33   | 0.29%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily                                                          | Freddie Mac Multifamily ML Certificates                                                                                                | CUSIP: 35833JAJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    944896 | PA      | $784603.95    | 0.16%             | 2038-06-25      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS2AU39   IRS USD R V 12MUSCPI IS2AU40 CCPINFLATIONZERO / Short: BS2AU39   IRS USD P F  2.68000 IS2AU39 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6210000 | OU      | $603935.17    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                           | CUSIP: 1675935R9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1659962.85   | 0.34%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                             | CUSIP: 74442PMQ5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1232110.33   | 0.26%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp/NY                                     | MONROE CNTY NY INDL DEV CORP CHRT SCH REVENUE                                                                                          | CUSIP: 61075YAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $380927.62    | 0.08%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDUCTNL FAC REVENUE                                                                                                 | CUSIP: 74443DHG9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006133.50   | 0.21%             | 2042-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS31TF6   IRS USD R F  4.08200 IS31TF6 CCPOIS / Short: SS31TF6   IRS USD P V 00MSOFR IS31TG7 CCPOIS                              | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1600000 | OU      | $48616.49     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp                                                       | TROY NY CAPITAL RESOURCE CORP REVENUE                                                                                                  | CUSIP: 897579BR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077745.10   | 0.22%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                  | Long: BS33B45   CDS USD R V 03MEVENT IS33B56 CCPCDX / Short: BS33B45   CDS USD P F  5.00000 IS33B45 CCPCDX                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                                                      | Long: IS1WUB4   IRS USD R V 01MMUNIP IS1WUC5 VANILLA / Short: IS1WUB4   IRS USD P F  1.12500 IS1WUB4 VANILLA                           | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |  12470000 | OU      | $702180.66    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                                                                                              | CUSIP: 626207X74<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    180000 | PA      | $189675.99    | 0.04%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                 | Fannie Mae Connecticut Avenue Securities                                                                                               | CUSIP: 30711XBM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     46890 | PA      | $47845.41     | 0.01%             | 2028-08-25      | Floating      | 11.22%                | No            |                  2 | On Loan: No      |
| City of Ashland KY                                                               | ASHLAND KY MED CENTER REVENUE                                                                                                          | CUSIP: 044293BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $388377.02    | 0.08%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE                                                                                 | CUSIP: 837032BU4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3230227.80   | 0.67%             | 2041-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                                           | Long: IS1QI56   IRS USD R V 12MUSCPI IS1QI67 INFLATIONZERO / Short: IS1QI56   IRS USD P F  2.00900 IS1QI56 INFLATIONZERO               | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |  23000000 | OU      | $3552472.13   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Kenton County Airport Board                                                      | KENTON CNTY KY ARPT BRD                                                                                                                | CUSIP: 491026WH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1264898.91   | 0.26%             | 2044-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                  | Long: SS37288   CDS USD R F  5.00000 IS37288 CCPCDX / Short: SS37288   CDS USD P V 03MEVENT IS37299 CCPCDX                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   7240000 | OU      | $568009.85    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Sacramento County Water Financing Authority                                      | SACRAMENTO CNTY CA WTR FING AUTH REVENUE                                                                                               | CUSIP: 78615RCV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5125000 | PA      | $4657484.18   | 0.97%             | 2039-06-01      | Floating      | 3.54%                 | No            |                  2 | On Loan: No      |
| South Lyon Community Schools                                                     | SOUTH LYON MI CMNTY SCHS                                                                                                               | CUSIP: 838736XB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3640000 | PA      | $3687444.85   | 0.77%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                                | Long: IS1IRW2   IRS USD R V 12MUSCPI IS1IRX3 INFLATIONZERO / Short: IS1IRW2   IRS USD P F  2.23250 IS1IRW2 INFLATIONZERO               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |   6400000 | OU      | $883914.82    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp                                            | HEMPSTEAD TOWN NY LOCAL DEV CORP EDU REVENUE                                                                                           | CUSIP: 424685AZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006558.80   | 0.21%             | 2042-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                      | Long: IS2TSR6   IRS USD R V 01MMUNI IS2TSS7 VANILLA / Short: IS2TSR6   IRS USD P F  1.12500 IS2TSR6 VANILLA                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |   6655000 | OU      | $374740.36    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Antonio B Won Pat International Airport Authority                                | GUAM INTERNATIONAL ARPT AUTH                                                                                                           | CUSIP: 40064REF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $96070.42     | 0.02%             | 2028-10-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                            | CUSIP: 13013JFD3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1097939.40   | 0.23%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue                | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE                                                                                | CUSIP: 64972HF98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1552984.48   | 0.32%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT LTD OBLG REVENUE                                                                                                             | CUSIP: 40065HDN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $397589.63    | 0.08%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                           | PATRIOTS ENERGY GROUP FING AGY SC GAS SPLY REVENUE                                                                                     | CUSIP: 70342PAR5<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5457093.50   | 1.13%             | 2054-02-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Comanche County Hospital Authority                                               | COMANCHE CNTY OK HOSP AUTH REVENUE                                                                                                     | CUSIP: 199875HN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000490.60   | 0.21%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAYLOR SCOTT & WHITE HOL                                                         | Baylor Scott & White Holdings                                                                                                          | CUSIP: 072863AH6<br>LEI: 549300JQDKSBWYRGGV95 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $887190.00    | 0.18%             | 2030-11-15      | Fixed         | 1.78%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                                | CUSIP: 6461363L3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1656391.82   | 0.34%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                         | CUSIP: 650116HG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1628279.90   | 0.34%             | 2042-06-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                            | CUSIP: 13013JDC7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006526.50   | 0.21%             | 2054-02-01      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                                                                              | CUSIP: 8371514D8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038557.30   | 0.22%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                  | Long: SS35BB8   CDS USD R F  5.00000 IS35BB8 CCPCDX / Short: SS35BB8   CDS USD P V 03MEVENT IS35BC9 CCPCDX                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |         0 | OU      | $1005.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                                                                                        | CUSIP: 84136FBT3<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1166045.32   | 0.24%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY MUNI CTFS                                                                                                       | CUSIP: 13033DAH8<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   2832592 | PA      | $113029.19    | 0.02%             | 2035-03-25      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| County of Montgomery OH                                                          | MONTGOMERY CNTY OH HOSP REVENUE                                                                                                        | CUSIP: 613520NT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1257115.72   | 0.26%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                   | VAUXMONT MET DIST CO                                                                                                                   | CUSIP: 92242SAN3<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    140000 | PA      | $107704.23    | 0.02%             | 2050-12-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                   | VAUXMONT MET DIST CO                                                                                                                   | CUSIP: 92242SAV5<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    105000 | PA      | $109873.06    | 0.02%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                                                                                                    | CUSIP: 59333P7H5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1126223.92   | 0.23%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                  | Long: SS372M2   CDS USD R F  5.00000 IS372M2 CCPCDX / Short: SS372M2   CDS USD P V 03MEVENT IS372N3 CCPCDX                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |         0 | OU      | $175.28       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                                           | PURCHASED EUR / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | XX        |         1 | NC      | $475.89       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                                                                                           | CUSIP: 59447TH97<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    870000 | PA      | $823845.98    | 0.17%             | 2039-06-01      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| Colorado State Education Loan Program                                            | COLORADO ST EDUC LOAN PROGRAM                                                                                                          | CUSIP: 19672MDG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1781123.05   | 0.37%             | 2026-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bridgeport CT                                                            | BRIDGEPORT CT                                                                                                                          | CUSIP: 108152AK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1890000 | PA      | $1974600.94   | 0.41%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                                                                                   | CUSIP: 64990FD50<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987104.90    | 0.20%             | 2026-03-15      | Fixed         | 1.19%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH                                                                                                               | CUSIP: 6789084D3<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $953052.50    | 0.20%             | 2045-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY MUNI CTFS                                                                                                       | CUSIP: 13033DAE5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1860050 | PA      | $1816468.26   | 0.38%             | 2035-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                                                                                            | CUSIP: 64578CAH4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    925000 | PA      | $926265.59    | 0.19%             | 2029-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                                                                                                      | CUSIP: 688031EL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $79076.54     | 0.02%             | 2031-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS FIN AUTH SURFACE FREIGHT TRANSFER FACS REVENUE                                                                                | CUSIP: 45203PAC8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026460.50   | 0.21%             | 2043-12-01      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE                                                                                         | CUSIP: 645790LB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1382435.57   | 0.29%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                                           | Long: IS2TTH3   IRS USD R V 12MUSCPI IS2TTI4  INFLATIONZERO / Short: IS2TTH3   IRS USD P F  3.32500 IS2TTH3  INFLATIONZERO             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |   1620000 | OU      | $26815.58     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                                           | Long: IS19KK4   IRS USD R V 03MLIBOR IS19KL5 CPILV506025 / Short: IS19KK4   IRS USD P F  2.01500 IS19KK4 CPILV506025                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |   1590000 | OU      | $253960.81    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR S&P 500 ETF Trust                                                           | SPDR S&P 500 ETF Trust                                                                                                                 | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |    110443 | NS      | $73574917.74  | 15.27%            |  |  |  | No            |                  1 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS31F25   IRS USD R F  4.09150 IS31F25 CCPOIS / Short: SS31F25   IRS USD P V 00MSOFR IS31F36 CCPOIS                              | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4800000 | OU      | $147325.59    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                               | CUSIP: 544532BB9<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    455000 | PA      | $494258.58    | 0.10%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                            | CUSIP: 13013JDB9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075861.00   | 0.22%             | 2054-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT LTD OBLG REVENUE                                                                                                             | CUSIP: 40065HDJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101923.39    | 0.02%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp/NY                                     | MONROE CNTY NY INDL DEV CORP REVENUE                                                                                                   | CUSIP: 61075TWD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $1038771.07   | 0.22%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE                                                                                   | CUSIP: 709224A58<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2660948.70   | 0.55%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                            | CUSIP: 13013JCS3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2135622.60   | 0.44%             | 2054-05-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE                                                                                 | CUSIP: 837032BV2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $938826.50    | 0.19%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                                                                                                      | CUSIP: 688031EK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $82863.32     | 0.02%             | 2030-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Whiting IN                                                               | WHITING IN ENVRNMNTL FACS REVENUE                                                                                                      | CUSIP: 96634RAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2132360.60   | 0.44%             | 2045-11-01      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                                                 | PURCHASED USD / SOLD JPY                                                                                                               | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-6102.12     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY MUNI CTFS                                                                                                       | CUSIP: 13033DAC9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1716932 | PA      | $1751768.27   | 0.36%             | 2033-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH                                                                                | CUSIP: 54627RAR1<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    968209 | PA      | $985336.19    | 0.20%             | 2031-06-01      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST GAS SPLY REVENUE                                                                             | CUSIP: 84136JAL3<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    355000 | PA      | $394217.28    | 0.08%             | 2055-11-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                               | CUSIP: 544532KK9<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086595.80   | 0.23%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA ST STWD CMNTYS DEV AUTH CLG HSG REVENUE                                                                                     | CUSIP: 13081CAB4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    180000 | PA      | $184411.96    | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily VRD Certificates                                               | FEDERAL HOME LOAN MTGE CORP MF VARIABLE RATE CTFS                                                                                      | CUSIP: 31350ACN6<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |   2157844 | PA      | $1849686.56   | 0.38%             | 2035-06-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH MF REVENUE                                                                                                    | CUSIP: 45202BSV9<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $928069.70    | 0.19%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                               | PURCHASED USD / SOLD GBP                                                                                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $143330.21    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                                                                                            | CUSIP: 594698QH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2099330.60   | 0.44%             | 2030-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                                                           | MSCI EMGMKT DEC25                                                                                                                      | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |       243 | NC      | $212590.98    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| City of Glendale AZ                                                              | GLENDALE AZ COPS                                                                                                                       | CUSIP: 37828AAF6<br>LEI: 5493002BC35ZY7XRQ949 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $926949.00    | 0.19%             | 2029-07-01      | Fixed         | 2.06%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                          | MASSACHUSETTS ST WTR RESOURCES AUTH                                                                                                    | CUSIP: 576051J64<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2156797.20   | 0.45%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                            | SAINT JAMES PARISH LA REVENUE                                                                                                          | CUSIP: 790103AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $556851.78    | 0.12%             | 2038-06-01      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily ML Certificates                                          | FREDDIE MAC STRUCTURED PASS THROUGH CERT                                                                                               | CUSIP: 3137HCXR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    990004 | PA      | $1016001.23   | 0.21%             | 2040-10-25      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| Osaka Exchange                                                                   | NIKKEI 225 (OSE) DEC25                                                                                                                 | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               |  | JP        |         8 | NC      | $44532.43     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | OHIO ST HGR EDUCTNL FAC COMMISSION HLTHCR REVENUE                                                                                      | CUSIP: 677510CS6<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1179973.96   | 0.24%             | 2038-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                            | CUSIP: 452153KA6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052071.90   | 0.22%             | 2043-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily VRD Certificates                                               | FEDERAL HOME LOAN MTGE CORP MF VARIABLE RATE CTFS                                                                                      | CUSIP: 31350ADQ8<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    995062 | PA      | $1022243.49   | 0.21%             | 2041-08-25      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                   | VAUXMONT MET DIST CO                                                                                                                   | CUSIP: 92242SBE2<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    300000 | PA      | $301263.48    | 0.06%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                      | Long: IS2TT39   IRS USD R V 12MUSCPI IS2TT40  INFLATIONZERO / Short: IS2TT39   IRS USD P F  2.10400 IS2TT39  INFLATIONZERO             | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |   6500000 | OU      | $981167.91    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                                           | CUSIP: 45204E6W3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101528.03    | 0.02%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | OHIO ST HGR EDUCTNL FAC COMMISSION HLTHCR REVENUE                                                                                      | CUSIP: 677510CN7<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    360000 | PA      | $385582.25    | 0.08%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                                   | CUSIP: 65000BNC8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974952.70    | 0.20%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | OHIO ST HGR EDUCTNL FAC COMMISSION HLTHCR REVENUE                                                                                      | CUSIP: 677510CP2<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    750000 | PA      | $814764.45    | 0.17%             | 2035-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                         | PURCHASED CHF / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | CH        |         1 | NC      | $-10301.99    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Tobacco Settlement Finance Authority                                             | TOBACCO SETTLEMENT FIN AUTH WV ASSET BACKED                                                                                            | CUSIP: 88880LAW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2055000 | PA      | $1874289.67   | 0.39%             | 2049-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                                | CUSIP: 6461364A6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    160000 | PA      | $171736.91    | 0.04%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | OHIO ST HGR EDUCTNL FAC COMMISSION HLTHCR REVENUE                                                                                      | CUSIP: 677510CT4<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    780000 | PA      | $823409.89    | 0.17%             | 2039-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Middle Fork Project Finance Authority                                            | MIDDLE FORK PROJ FIN AUTH CA                                                                                                           | CUSIP: 59572CAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $475589.84    | 0.10%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | DETROIT MI                                                                                                                             | CUSIP: 2510933E8<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1210029.24   | 0.25%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                                                                                                     | CUSIP: 12008EGG5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $700000.00    | 0.15%             | 2029-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VIII                                                 | CMFA SPL FIN AGY VIII CA ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 12574VAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $89958.36     | 0.02%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH POLL CONTROL REVENUE                                                                                               | CUSIP: 45505VAE6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    330000 | PA      | $314408.66    | 0.07%             | 2030-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                         | CUSIP: 63607WAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1914122 | PA      | $1892249.95   | 0.39%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV                                                                            | CUSIP: 70868YAS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3443398.53   | 0.71%             | 2041-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY MUNI CTFS                                                                                                       | CUSIP: 13033DAG0<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1888395 | PA      | $1900764.90   | 0.39%             | 2035-03-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                                                                                                      | CUSIP: 688031EP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $67929.52     | 0.01%             | 2034-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                         | CUSIP: 63607WAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3588978 | PA      | $69589.21     | 0.01%             | 2036-09-20      | Variable      | 0.35%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                               | CUSIP: 544532LU6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1731904.99   | 0.36%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS2N2X2   IRS USD R V 12MUSCPI IS2N2Y3 CCP INFLATION ZERO / Short: BS2N2X2   IRS USD P F  3.49300 BS2N2X2 CCP INFLATION ZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  22020000 | OU      | $436873.50    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                          | CUSIP: 59261APZ4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1836871.05   | 0.38%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                             | ROSEVILLE CA SPL TAX                                                                                                                   | CUSIP: 777870XT8<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031503.10   | 0.21%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nasdaq Stockholm AB                                                              | OMXS30 IND FUTURE OCT25                                                                                                                | CUSIP: 000000000<br>LEI: 549300KBQIVNEJEZVL96 | N/A              | DE               |  | SE        |       -13 | NC      | $-5570.23     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 126292BS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1037302.50   | 0.22%             | 2043-07-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                                                                                        | CUSIP: 84136FAV9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2049313.60   | 0.43%             | 2051-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                          | HAWAII ST ARPTS SYS REVENUE                                                                                                            | CUSIP: 419794K92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057276.00   | 0.22%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                                                                                              | CUSIP: 072024XU1<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1934954.40   | 0.40%             | 2056-04-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                                      | S+P MID 400 EMINI DEC25                                                                                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        15 | NC      | $-91111.05    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| OCHSNER LSU HEALTH SYST                                                          | Ochsner LSU Health System of North Louisiana                                                                                           | CUSIP: 67555JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $842280.00    | 0.17%             | 2031-05-15      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| California State University                                                      | CALIFORNIA ST UNIV REVENUE                                                                                                             | CUSIP: 13077DQP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $823181.40    | 0.17%             | 2035-11-01      | Fixed         | 2.37%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                                                                                           | CUSIP: 928104PP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1157233.50   | 0.24%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                                                                                              | CUSIP: 13032URD2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    900000 | PA      | $947048.22    | 0.20%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                                                                                                | CUSIP: 13080SVH4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $516234.20    | 0.11%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CALIFORNIA ST PUBLIC PWR AUTH STHRN TRANSMISSION SYSTE                                                                           | CUSIP: 842469AQ1<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082069.20   | 0.22%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                             | CUSIP: 74442PMS1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    400000 | PA      | $416407.20    | 0.09%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                            | SAINT JAMES PARISH LA REVENUE                                                                                                          | CUSIP: 790103AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $540975.95    | 0.11%             | 2040-12-01      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                           | AU42507 ALLIANCE                                                                                                                       | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |     42000 | NC      | $303578.98    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                              | CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 13013FAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1136980.35   | 0.24%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                  | Long: SS372Y4   CDS USD R F  5.00000 IS372Y4 CCPCDX / Short: SS372Y4   CDS USD P V 03MEVENT IS372Z5 CCPCDX                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |         0 | OU      | $47.22        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS20V36   IRS USD R V 12MUSCPI IS20V47 CCPINFLATIONZERO / Short: BS20V36   IRS USD P F   .73500 IS20V36 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4990000 | OU      | $1266544.48   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                  | LAS VEGAS VLY NV WTR DIST                                                                                                              | CUSIP: 517845TH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1430686.40   | 0.30%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                         | CUSIP: 63607WAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1634406 | PA      | $1643193.32   | 0.34%             | 2034-01-20      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| City of Sparks NV                                                                | SPARKS NV TOURISM IMPT DIST #1 REVENUE                                                                                                 | CUSIP: 846562AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $191642.65    | 0.04%             | 2028-06-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST COMMODITY SPLY REV                                                                           | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069560.10   | 0.22%             | 2054-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                        | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                                                                                             | CUSIP: 158862CE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020871.60   | 0.21%             | 2049-06-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Dutchess County Local Development Corp                                           | DUTCHESS CNTY NY LOCAL DEV CORP REVENUE                                                                                                | CUSIP: 267045NL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $847366.69    | 0.18%             | 2039-07-01      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                            | CUSIP: 13013JGF7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096540.30   | 0.23%             | 2056-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 126292AQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $787635.29    | 0.16%             | 2046-12-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS249D4   IRS USD R V 12MUSCPI IS249E5 CCPINFLATIONZERO / Short: BS249D4   IRS USD P F  1.73100 IS249D4 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1550000 | OU      | $287348.44    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                                           | AU41979 ALLIANCE                                                                                                                       | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |       670 | NC      | $97621.29     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Irving Hospital Authority                                                        | IRVING TX HOSP AUTH                                                                                                                    | CUSIP: 463794JV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1114900.49   | 0.23%             | 2028-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH                                                                                | CUSIP: 546282H56<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1551527.22   | 0.32%             | 2030-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS31H41   IRS USD R F  4.05650 IS31H41 CCPOIS / Short: SS31H41   IRS USD P V 00MSOFR IS31H52 CCPOIS                              | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   3420000 | OU      | $106704.76    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     86008 | PA      | $56872.76     | 0.01%             | 2043-11-01      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS2TRV3   IRS USD R V 12MUSCPI IS2TRW4 CCPINFLATIONZERO / Short: BS2TRV3   IRS USD P F  1.23000 BS2TRV3 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6600000 | OU      | $1416106.10   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                  | Long: SS372U0   CDS USD R F  5.00000 IS372U0 CCPCDX / Short: SS372U0   CDS USD P V 03MEVENT IS372V1 CCPCDX                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |         0 | OU      | $28.33        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                             | ROSEVILLE CA SPL TAX                                                                                                                   | CUSIP: 777870WD4<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    305000 | PA      | $309389.38    | 0.06%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                              | CUSIP: 544445J83<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    215000 | PA      | $217242.21    | 0.05%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                              | CALIFORNIA PUBLIC FIN AUTH REVENUE                                                                                                     | CUSIP: 13057EDH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027153.90   | 0.21%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                         | RIVER ISLANDS CA PUBLIC FING AUTH SPL TAX                                                                                              | CUSIP: 76827QHC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006695.80   | 0.21%             | 2037-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Fort Wayne IN                                                            | FORT WAYNE IN ECON DEV SOLID WST FAC REVENUE                                                                                           | CUSIP: 34924CAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     26951 | PA      | $2.70         | 0.00%             | 2029-12-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                                                                                               | CUSIP: 84136HCP6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1100513.90   | 0.23%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Antonio B Won Pat International Airport Authority                                | GUAM INTERNATIONAL ARPT AUTH                                                                                                           | CUSIP: 40064REE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $194255.24    | 0.04%             | 2027-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Hong Kong Futures Exchange Ltd.                                                  | HANG SENG IDX FUT OCT25                                                                                                                | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | N/A              | DE               |  | HK        |        -2 | NC      | $-5631.56     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                  | Long: BS372W2   CDS USD R V 03MEVENT IS372X3 CCPCDX / Short: BS372W2   CDS USD P F  5.00000 IS372W2 CCPCDX                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                                | Long: IS0QGN1   IRS USD R V 12MLIBOR IS0QGO2 CPI SWAP 10212014 06 / Short: IS0QGN1   IRS USD P F  2.38800 IS0QGN1 CPI SWAP 10212014 06 | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |   5400000 | OU      | $405559.60    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDL DEV CHRT SCH REVENUE                                                                                     | CUSIP: 71780CBB5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    540000 | PA      | $559455.17    | 0.12%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                  | Long: BS373E1   CDS USD R V 03MEVENT IS373F2 CCPCDX / Short: BS373E1   CDS USD P F  5.00000 IS373E1 CCPCDX                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |  11960000 | OU      | $-938417.24   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| Suffolk Tobacco Asset Securitization Corp                                        | SUFFOLK NY TOBACCO ASSET SECURITIZATION CORP TOBACCO SETTLEM                                                                           | CUSIP: 864809CC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $356403.84    | 0.07%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS309N1   IRS USD R F  3.76800 IS309N1 CCPOIS / Short: SS309N1   IRS USD P V 00MSOFR IS309O2 CCPOIS                              | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   5300000 | OU      | $90941.47     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 126292BP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $811240.30    | 0.17%             | 2047-05-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                                                                                                     | CUSIP: 12008ESA5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    300000 | PA      | $262459.95    | 0.05%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT                                                                                                                              | CUSIP: 40065BCQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $263602.63    | 0.05%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth  | PUERTO RICO INDL TOURIST EDUCTNL MED & ENVRNMNTL CONTROL FAC                                                                           | CUSIP: 74528KAA1<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    458086 | PA      | $455903.50    | 0.09%             | 2027-01-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS23W54   IRS USD R V 12MUSCPI IS23W65 CCPINFLATIONZERO / Short: BS23W54   IRS USD P F  1.58700 IS23W54 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   7825000 | OU      | $1563799.64   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                                                      | PURCHASED CAD / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | CA        |         1 | NC      | $-17705.41    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                  | KENTUCKY ST ECON DEV FIN AUTH                                                                                                          | CUSIP: 49126KJZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3445000 | PA      | $3516171.63   | 0.73%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                                | CUSIP: 89602HHR1<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1737078.15   | 0.36%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST SPL OBLG REVENUE                                                                                                      | CUSIP: 576004HG3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    395638 | PA      | $396050.51    | 0.08%             | 2031-07-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp                                                | MISSION TX ECON DEV CORP REVENUE                                                                                                       | CUSIP: 605156AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $940986.25    | 0.20%             | 2031-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth  | PUERTO RICO INDL TOURIST EDUCTNL MED & ENVRNMNTL CONTROL FAC                                                                           | CUSIP: 74528KAB9<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |   3493752 | PA      | $3478951.42   | 0.72%             | 2028-01-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily                                                          | Freddie Mac Multifamily ML Certificates                                                                                                | CUSIP: 35833JAK3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1208546 | PA      | $977057.69    | 0.20%             | 2038-01-25      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS23XF1   IRS USD R V 12MUSCPI IS23XG2 CCPINFLATIONZERO / Short: BS23XF1   IRS USD P F  1.57200 IS23XF1 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   7825000 | OU      | $1575503.73   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                                                                                                      | CUSIP: 688031EM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $150179.48    | 0.03%             | 2032-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                                                                                                     | CUSIP: 12008ETJ5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    495000 | PA      | $500881.39    | 0.10%             | 2042-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| North Broward Hospital District                                                  | NORTH BROWARD FL HOSP DIST                                                                                                             | CUSIP: 657883DE1<br>LEI: 549300HZL14T4Q7UDP41 | Long             | DBT              | MUN               | US        |   3590000 | PA      | $3698525.70   | 0.77%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                           | US 10YR NOTE (CBT)DEC25                                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         6 | NC      | $2999.47      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                  | Long: SS372C2   CDS USD R F  5.00000 IS372C2 CCPCDX / Short: SS372C2   CDS USD P V 03MEVENT IS372D3 CCPCDX                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |         0 | OU      | $377.36       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                                | Long: IS2TSV0   IRS USD R V 12MUSCPI IS2TSW1  INFLATIONZERO / Short: IS2TSV0   IRS USD P F  2.38800 IS2TSV0  INFLATIONZERO             | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |   2000000 | OU      | $150207.26    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| New Mexico Municipal Energy Acquisition Authority                                | NEW MEXICO ST MUNI ENERGY ACQUISITION AUTH GAS SPLY                                                                                    | CUSIP: 647207BL2<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076823.70   | 0.22%             | 2054-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOSP REVENUE                                                                                                        | CUSIP: 74442CDP6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $844759.30    | 0.18%             | 2040-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| iShares Core MSCI EAFE ETF                                                       | iShares Core MSCI EAFE ETF                                                                                                             | CUSIP: 46432F842<br>LEI: 5493009FT582MI7Y3I36 | Long             | EC               | RF                | US        |    418303 | NS      | $36522034.93  | 7.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                          | CUSIP: 592647NS6<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |    390000 | PA      | $434560.07    | 0.09%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT LTD OBLG REVENUE                                                                                                             | CUSIP: 40065HDQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $365978.99    | 0.08%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                                | PURCHASED USD / SOLD CHF                                                                                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |         1 | NC      | $28610.61     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                         | CUSIP: 63607WAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1919159 | PA      | $1841427.93   | 0.38%             | 2036-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Trust for Cultural Resources of The City of New York/The                         | NEW YORK CITY NY TRUST FOR CULTURAL RESOURCES                                                                                          | CUSIP: 649717UE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3130000 | PA      | $3221576.29   | 0.67%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS2BFX7   IRS USD R V 12MUSCPI IS2BFY8 CCPINFLATIONZERO / Short: BS2BFX7   IRS USD P F  2.78200 IS2BFX7 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6700000 | OU      | $578827.81    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                             | CUSIP: 74442PMR3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    680000 | PA      | $702068.24    | 0.15%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                      | CUSIP: 09182TFT9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1945000 | PA      | $2130167.70   | 0.44%             | 2055-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                                                                                           | CUSIP: 649519DG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $299101.60    | 0.06%             | 2069-09-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE                                                                                         | CUSIP: 392275EZ2<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3250060.80   | 0.67%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp                                                       | TROY NY CAPITAL RESOURCE CORP REVENUE                                                                                                  | CUSIP: 897579BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $333259.56    | 0.07%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                                           | CUSIP: 45204E6Y9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100355.59    | 0.02%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                                  | CUSIP: 73358W3Q5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1549165.13   | 0.32%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 126292BE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $792649.70    | 0.16%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                 | CALIFORNIA ST POLL CONTROL FING AUTH WTR FURNISHING REVENUE                                                                            | CUSIP: 13054WAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $399203.69    | 0.08%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Corpus Christi TX Utility System Revenue                                 | CORPUS CHRISTI TX UTILITY SYSREVENUE                                                                                                   | CUSIP: 220245XC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1030553.83   | 0.21%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE                                                                                        | CUSIP: 23503CGA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088973.70   | 0.23%             | 2039-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                     | CUSIP: 249182LF1<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1690863.01   | 0.35%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ICE Futures Europe - Financial Products Division                                 | FTSE 100 IDX FUT DEC25                                                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | GB        |         6 | NC      | $12233.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Saugus/Hart School Facilities Financing Authority                                | SAUGUS/HART CA SCH FACS FING AUTH SPL TAX                                                                                              | CUSIP: 804208CD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $755549.48    | 0.16%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                                    | PURCHASED USD / SOLD AUD                                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-19646.46    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                 | NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE                                                                                   | CUSIP: 650028A78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057498.00   | 0.22%             | 2045-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS2UW11   IRS USD R F  4.02650 IS2UW11 CCPOIS / Short: SS2UW11   IRS USD P V 00MSOFR IS2UW22 CCPOIS                              | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  22400000 | OU      | $686895.34    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                                            | CUSIP: 64966MWX3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1113998.98   | 0.23%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                  | Long: BS372I8   CDS USD R V 03MEVENT IS372J9 CCPCDX / Short: BS372I8   CDS USD P F  5.00000 IS372I8 CCPCDX                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                          | CUSIP: 592647FD8<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1910000 | PA      | $2014318.09   | 0.42%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Energy Finance Development Corp                                         | NEW YORK ENERGY FIN DEV CORP                                                                                                           | CUSIP: 64947PAA4<br>LEI: 254900PRGXZMJ912RI65 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068193.00   | 0.22%             | 2056-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                           | AU32445 ALLIANCE                                                                                                                       | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |      3090 | NC      | $348246.63    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                                            | CUSIP: 64966QZY9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1324607.08   | 0.27%             | 2027-08-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | DETROIT MI                                                                                                                             | CUSIP: 2510933G3<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2587196.21   | 0.54%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Memphis-Shelby County Airport Authority                                          | MEMPHIS-SHELBY CNTY TN ARPT AUTH ARPT REVENUE                                                                                          | CUSIP: 586111PM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010011.30   | 0.21%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Johnstown Plaza Metropolitan District                                            | JOHNSTOWN PLAZA MET DIST CO                                                                                                            | CUSIP: 479706AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    544000 | PA      | $469363.74    | 0.10%             | 2046-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOSP REVENUE                                                                                                        | CUSIP: 74442CED2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010502.00   | 0.21%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CA PUBLIC PWR AUTH REVENUE                                                                                                       | CUSIP: 84247PND9<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1506078.84   | 0.31%             | 2055-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                                                                              | CUSIP: 8371514U0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1026993.44   | 0.21%             | 2044-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                                               | CUSIP: 40065NBW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $616661.30    | 0.13%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE                                                                                         | CUSIP: 3922742E5<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011468.50   | 0.21%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                                                                                            | CUSIP: 13058TBQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $275024.06    | 0.06%             | 2028-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                    | CUSIP: 13048TWY5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.21%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                                                                                                  | CUSIP: 592250CR3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1455724.34   | 0.30%             | 2030-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                         | CUSIP: 650116CL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1536331.67   | 0.32%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                                | EURO STOXX 50 DEC25                                                                                                                    | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |       -28 | NC      | $-13868.34    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado            | STHRN UTE INDIAN TRIBE OF STHRN UTE INDIAN RESERVATION CO                                                                              | CUSIP: 844090AD2<br>LEI: 549300X0RZRBWLO0J697 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079739.60   | 0.22%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bridgeport CT                                                            | BRIDGEPORT CT                                                                                                                          | CUSIP: 108152AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2106664.97   | 0.44%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University/The                                                | PENNSYLVANIA ST UNIV                                                                                                                   | CUSIP: 7092354D4<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064251.00   | 0.22%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bridgeport CT                                                            | BRIDGEPORT CT                                                                                                                          | CUSIP: 108152AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1391527.77   | 0.29%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                              | PURCHASED EUR / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | XX        |         1 | NC      | $-3824.37     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                                           | HILLSBOROUGH CNTY FL AVIATION AUTH                                                                                                     | CUSIP: 432308W67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065614.30   | 0.22%             | 2042-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Comanche County Hospital Authority                                               | COMANCHE CNTY OK HOSP AUTH REVENUE                                                                                                     | CUSIP: 199875HK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000221.80   | 0.21%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Singapore Exchange Derivatives Clearing Ltd.                                     | MSCI SING IX ETS OCT25                                                                                                                 | CUSIP: 000000000<br>LEI: 549300ZLWT3FK3F0FW61 | N/A              | DE               |  | SG        |         4 | NC      | $-147.07      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 126292BF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $398926.76    | 0.08%             | 2047-04-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI DEV BK SPL OBLIG                                                                                                           | CUSIP: 60534XLT1<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $996897.00    | 0.21%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                                                                                           | CUSIP: 649519DD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100077.89    | 0.02%             | 2044-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                                        | CUSIP: 20775DUX8<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   3380000 | PA      | $3377446.75   | 0.70%             | 2048-07-01      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| Comanche County Hospital Authority                                               | COMANCHE CNTY OK HOSP AUTH REVENUE                                                                                                     | CUSIP: 199875HM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000497.00   | 0.21%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                        | ATLANTA GA ARPT REVENUE                                                                                                                | CUSIP: 04780MXU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $699908.42    | 0.15%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT LTD OBLG REVENUE                                                                                                             | CUSIP: 40065HDM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $249814.67    | 0.05%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Osaka Exchange                                                                   | TOPIX INDX FUTR DEC25                                                                                                                  | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               |  | JP        |        33 | NC      | $41161.74     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                                                    | PURCHASED USD / SOLD NZD                                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $1069.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                  | Long: SS373A7   CDS USD R F  5.00000 IS373A7 CCPCDX / Short: SS373A7   CDS USD P V 03MEVENT IS373B8 CCPCDX                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |         0 | OU      | $1661.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                                                                                            | CUSIP: 594698QP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1131484.09   | 0.23%             | 2033-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coronado Community Development Agency Successor Agency                           | CORONADO CA CMNTY DEV AGY SUCCESSOR AGY TAX ALLOCATION                                                                                 | CUSIP: 21977AAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $470556.67    | 0.10%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                                | PURCHASED SEK / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | SE        |         1 | NC      | $-11.89       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD                                                                           | CUSIP: 04052FBR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $574768.68    | 0.12%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Valley Clean Energy Authority                                        | SAN JOAQUIN VLY CLEAN ENERGY AUTH CA CLEAN ENERGY REVENUE                                                                              | CUSIP: 79811YAK4<br>LEI: 254900VA5DFN33OVGH87 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2295322.80   | 0.48%             | 2056-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| California State University                                                      | CALIFORNIA ST UNIV REVENUE                                                                                                             | CUSIP: 13077DMP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $372305.12    | 0.08%             | 2028-11-01      | Fixed         | 1.49%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                              | COLUMBUS OH REGL ARPT AUTH REVENUE                                                                                                     | CUSIP: 199546CT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080318.10   | 0.22%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                     | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                                                                                                | CUSIP: 592190NX6<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1287856.88   | 0.27%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                            | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066912.20   | 0.22%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| BAYLOR SCOTT & WHITE HOL                                                         | Baylor Scott & White Holdings                                                                                                          | CUSIP: 072863AG8<br>LEI: 549300JQDKSBWYRGGV95 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1068947.75   | 0.22%             | 2025-11-15      | Fixed         | 0.83%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                              | CUSIP: 544445NK1<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    485000 | PA      | $516639.90    | 0.11%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                                                                                           | CUSIP: 646140GB3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064923.90   | 0.22%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                                | CUSIP: 89602HCZ8<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    500000 | PA      | $561820.50    | 0.12%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                               | WISCONSIN ST                                                                                                                           | CUSIP: 97705MTD7<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    750000 | PA      | $816521.70    | 0.17%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Educational Facilities Authority                               | MIAMI-DADE CNTY FL EDUCTNL FACS AUTH REVENUE                                                                                           | CUSIP: 59333APN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1102658.70   | 0.23%             | 2040-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                                    | PURCHASED USD / SOLD NOK                                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-400.52      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | DETROIT MI                                                                                                                             | CUSIP: 2510933J7<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    600000 | PA      | $627825.96    | 0.13%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                            | CUSIP: 13013JEP7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1091615.40   | 0.23%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                                                                                           | CUSIP: 649519DF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2755000 | PA      | $2590218.77   | 0.54%             | 2069-09-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                                    | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE                                                                                            | CUSIP: 02936TAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $546665.03    | 0.11%             | 2028-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                         | CUSIP: 63607WAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    991007 | PA      | $39138.63     | 0.01%             | 2039-08-20      | Variable      | 0.51%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 126292BL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2248886.43   | 0.47%             | 2047-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp IV                                 | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP IV                                                                                            | CUSIP: 88256PAG5<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   2915000 | PA      | $3135780.64   | 0.65%             | 2054-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                          | TOBACCO SECURITIZATION AUTH STHRN CA TOBACCO SETTLEMENT REVE                                                                           | CUSIP: 888804CF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $1032405.70   | 0.21%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                      | CUSIP: 56035DHT2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2167124.80   | 0.45%             | 2054-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Howard Bend Levee District                                                       | HOWARD BEND MO LEVEE DIST                                                                                                              | CUSIP: 442499CE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $263513.10    | 0.05%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS2CZ96   IRS USD R V 12MUSCPI IS2CZA7 CCPINFLATIONZERO / Short: BS2CZ96   IRS USD P F  2.98850 IS2CZ96 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   3360000 | OU      | $215400.46    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                          | CUSIP: 59261ADP9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1579275.54   | 0.33%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                               | CUSIP: 544532BA1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    365000 | PA      | $388461.94    | 0.08%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                                                    | Lendbuzz Securitization Trust 2023-1                                                                                                   | CUSIP: 52608LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    573966 | PA      | $581938.75    | 0.12%             | 2028-08-15      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                   | Long: SELS66171 TRS CHF R F   .00000 SELS66171/SMZ5 / Short: SELS66171 TRS CHF P E SELS66171/DE000C7GFF47                              | CUSIP: 000000000<br>LEI: IGJSJL3JD5P30I6NJZ34 | N/A              | DE               |  | CH        |    726442 | OU      | $103.01       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ASX Clear (Futures)                                                              | SPI 200 FUTURES DEC25                                                                                                                  | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DE               |  | AU        |       -56 | NC      | $9950.92      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| City of Ashland KY                                                               | ASHLAND KY MED CENTER REVENUE                                                                                                          | CUSIP: 044293BS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $272364.89    | 0.06%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tempe AZ                                                                 | TEMPE AZ COPS                                                                                                                          | CUSIP: 87971LAQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1251926.61   | 0.26%             | 2033-07-01      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                 | Fannie Mae Connecticut Avenue Securities                                                                                               | CUSIP: 30711XCB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7052 | PA      | $7133.14      | 0.00%             | 2028-09-25      | Floating      | 10.47%                | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                                    | PURCHASED CAD / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | CA        |         1 | NC      | $-4606.99     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-22

**Name of Applicant:** BERNSTEIN SANFORD C FUND INC

**Signature:** Stephen Woetzel

**Name of Signer:** Stephen Woetzel

**Title:** Controller