# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001004726-25-002151
**Filing Date:** 2025-11
**Character Count:** 176321
**Document Hash:** cae56ed52113f1295c8e4950676df982
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-25-002151.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001004726-25-002151

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Victory Portfolios II
- **CENTRAL INDEX KEY:** 0001547580

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22696
- **FILM NUMBER:** 251520052

**BUSINESS ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD, 4TH FLOOR
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144
- **BUSINESS PHONE:** 216-898-2411

**MAIL ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD, 4TH FLOOR
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Compass EMP Funds Trust
- **DATE OF NAME CHANGE:** 20120417

## Series and Classes Contracts Data

### VictoryShares WestEnd Economic Cycle Bond ETF (Series ID: S000085472)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000250755 | VictoryShares WestEnd Economic Cycle Bond ETF | BMDL            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Victory Portfolios II

- **b. Investment Company Act file number:** 811-22696

- **c. CIK number of Registrant:** 0001547580

- **d. LEI of Registrant:** 5493002SUQLUY3T5P040

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

  - **Street Address 1:** 15935 La Cantera Parkway Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-539-3863

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

- **a. Name of Series:** VictoryShares WestEnd Economic Cycle Bond ETF

- **b. EDGAR series identifier (if any):** S000085472

- **c. LEI of Series:** 254900AF21V3T9RMTG12

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

- **a. Date of fiscal year-end:** 2026-06-30

- **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:** $114354198.96

**Total Liabilities:** $209609.76

**Net Assets:** $114144589.20

**Cash Not Reported:** $563359.35

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -60.86170715 | **1-Year:** -3343.60144356 | **5-Year:** -8717.15989250 | **10-Year:** -4220.49432329 | **30-Year:** -15.54710353

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

- **3-Month:** -1.36691647 | **1-Year:** -39.38406393 | **5-Year:** -117.63518337 | **10-Year:** -37.27527481 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000250755 | -0.35%               | 1.06%                | 0.99%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4076.05                | $-785220.67                                |
| Month 2  | $2551.99                 | $817962.06                                 |
| Month 3  | $3959.49                 | $719687.88                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BROADCOM INC.                                                | BROADCOM INC                                     | CUSIP: 11135FAQ4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     77000 | PA      | $76629.71     | 0.07%             | 2030-11-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP.                                        | LAS VEGAS SANDS CORP                             | CUSIP: 517834AF4<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    160000 | PA      | $154806.22    | 0.14%             | 2029-08-08      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS, INC.                                           | LPL HOLDINGS INC                                 | CUSIP: 50212YAQ7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |     83000 | PA      | $85158.08     | 0.07%             | 2035-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                                | GOLDMAN SACHS GROUP INC THE                      | CUSIP: 38141GZR8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    129000 | PA      | $128008.62    | 0.11%             | 2028-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL COMPANY, INC.                       | GENERAL MOTORS FINANCIAL CO INC                  | CUSIP: 37045XDA1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    168000 | PA      | $163283.76    | 0.14%             | 2027-08-20      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| ENTERGY CORPORATION                                          | ENTERGY CORP                                     | CUSIP: 29364GAJ2<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    138000 | PA      | $136496.88    | 0.12%             | 2026-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMERICAN PIPELINE, L.P.                           | PLAINS ALL AMER PIPELINE                         | CUSIP: 72650RBM3<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |    152000 | PA      | $146776.94    | 0.13%             | 2029-12-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| HCA INC.                                                     | HCA INC                                          | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    125000 | PA      | $119387.50    | 0.10%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC.                                        | KEURIG DR PEPPER INC                             | CUSIP: 49271VAP5<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    155000 | PA      | $152472.87    | 0.13%             | 2029-04-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| LEIDOS, INC.                                                 | LEIDOS INC                                       | CUSIP: 52532XAL9<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |     41000 | PA      | $42453.91     | 0.04%             | 2035-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| THE ALLSTATE CORPORATION                                     | ALLSTATE CORP THE                                | CUSIP: 020002BJ9<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |     54000 | PA      | $46620.08     | 0.04%             | 2030-12-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SERVICES, INC.                              | UNIVERSAL HEALTH SERVICES INC                    | CUSIP: 913903BA7<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |     53000 | PA      | $46090.27     | 0.04%             | 2032-01-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| ITC HOLDINGS CORP.                                           | ITC HOLDINGS CORP                                | CUSIP: 465685AP0<br>LEI: 549300HTO5U9D3SLE207 | Long             | DBT              | CORP              | US        |    138000 | PA      | $135584.33    | 0.12%             | 2027-11-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| SHELL FINANCE US INC.                                        | SHELL FINANCE US INC                             | CUSIP: 822905AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $61390.43     | 0.05%             | 2030-04-06      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FORTUNE BRANDS INNOVATIONS, INC.                             | FORTUNE BRANDS INNOVATIONS INC                   | CUSIP: 34964CAE6<br>LEI: 54930032LHW54PQUJD44 | Long             | DBT              | CORP              | US        |    167000 | PA      | $159882.61    | 0.14%             | 2029-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                               | CITIGROUP INC                                    | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     94000 | PA      | $100058.33    | 0.09%             | 2034-05-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                        | SUMITOMO MITSUI FINANCIAL GROUP INC              | CUSIP: 86562MCJ7<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |     82000 | PA      | $72439.34     | 0.06%             | 2031-09-17      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY COMPANY LLC                          | ONCOR ELECTRIC DELIVERY CO LLC                   | CUSIP: 68233JBK9<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    104000 | PA      | $108836.22    | 0.10%             | 2029-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                            | HSBC HOLDINGS PLC                                | CUSIP: 404280DU0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    145000 | PA      | $151141.47    | 0.13%             | 2029-03-09      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| NORTHERN TRUST CORPORATION                                   | NORTHERN TRUST CORP                              | CUSIP: 665859AX2<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |     51000 | PA      | $55766.74     | 0.05%             | 2032-11-02      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| THE BANK OF NOVA SCOTIA                                      | BANK OF NOVA SCOTIA THE                          | CUSIP: 06418GAQ0<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    155000 | PA      | $159319.74    | 0.14%             | 2031-02-14      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| THE PNC FINANCIAL SERVICES GROUP, INC.                       | PNC FINANCIAL SERVICES GROUP INC THE             | CUSIP: 693475BT1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    119000 | PA      | $121900.29    | 0.11%             | 2027-10-20      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ERP OPERATING LIMITED PARTNERSHIP                            | ERP OPERATING LP                                 | CUSIP: 26884ABF9<br>LEI: DX5HQV5MLU50FEWZ5072 | Long             | DBT              | CORP              | US        |    131000 | PA      | $129374.16    | 0.11%             | 2026-11-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| THE BOEING COMPANY                                           | BOEING CO THE                                    | CUSIP: 097023DC6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     63000 | PA      | $60335.67     | 0.05%             | 2031-02-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORPORATION                                   | CARRIER GLOBAL CORP                              | CUSIP: 14448CAP9<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    131000 | PA      | $128248.16    | 0.11%             | 2027-02-15      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| RTX CORPORATION                                              | RTX CORP                                         | CUSIP: 75513EAD3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |     98000 | PA      | $89717.40     | 0.08%             | 2030-07-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORPORATION                                      | DUKE ENERGY CORP                                 | CUSIP: 26441CAS4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    148000 | PA      | $146205.33    | 0.13%             | 2026-09-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Xcel Energy Inc.                                             | XCEL ENERGY INC                                  | CUSIP: 98388MAC1<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |     99000 | PA      | $87159.25     | 0.08%             | 2031-11-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| THE J. M. SMUCKER COMPANY                                    | JM SMUCKER CO                                    | CUSIP: 832696AX6<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |     75000 | PA      | $81419.90     | 0.07%             | 2033-11-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| LA BANQUE TORONTO-DOMINION                                   | TORONTO DOMINION BANK THE                        | CUSIP: 891160MJ9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    108000 | PA      | $107113.37    | 0.09%             | 2031-09-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive, Inc.                                    | O REILLY AUTOMOTIVE INC                          | CUSIP: 67103HAF4<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    148000 | PA      | $146671.82    | 0.13%             | 2027-09-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| B.A.T CAPITAL CORPORATION                                    | BAT CAPITAL CORP                                 | CUSIP: 05526DBS3<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    150000 | PA      | $137131.52    | 0.12%             | 2031-03-25      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                     | LLOYDS BANKING GROUP PLC                         | CUSIP: 539439AW9<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |     48000 | PA      | $55917.22     | 0.05%             | 2033-11-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP, LLC                                         | KIMCO REALTY OP LLC                              | CUSIP: 49447BAB9<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114295.66    | 0.10%             | 2035-03-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD CAPITAL FINANCE LLC                               | BROOKFIELD CAPITAL FINANCE LLC                   | CUSIP: 11259NAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     53000 | PA      | $57081.03     | 0.05%             | 2033-06-14      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORPORATION                                    | UNION PACIFIC CORP                               | CUSIP: 907818CF3<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    103000 | PA      | $110995.32    | 0.10%             | 2029-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC.                                            | CROWN CASTLE INTERNATIONAL CORP                  | CUSIP: 22822VAT8<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |     79000 | PA      | $70299.17     | 0.06%             | 2031-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                               | CITIGROUP INC                                    | CUSIP: 172967MP3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    140000 | PA      | $139729.77    | 0.12%             | 2031-03-31      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| UNION ELECTRIC COMPANY                                       | UNION ELECTRIC CO                                | CUSIP: 906548CT7<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |     64000 | PA      | $55735.04     | 0.05%             | 2032-03-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE CORPORATION                           | AMERICAN HONDA FINANCE CORP                      | CUSIP: 02665WEH0<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |     73000 | PA      | $73632.68     | 0.06%             | 2030-04-17      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                               | CITIGROUP INC                                    | CUSIP: 172967ME8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     74000 | PA      | $73113.49     | 0.06%             | 2030-03-20      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| Coterra Energy Inc.                                          | COTERRA ENERGY INC                               | CUSIP: 127097AM5<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |    146000 | PA      | $147317.79    | 0.13%             | 2035-02-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND               | GLDMN SCHS FIN SQ GV-FST                         | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     13515 | NS      | $13515.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE SERVICES, INC.                                          | CBRE SERVICES INC                                | CUSIP: 12505BAH3<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |    103000 | PA      | $106871.78    | 0.09%             | 2029-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS, INC.                        | NEXTERA ENERGY CAPITAL HOLDINGS INC              | CUSIP: 65339KBZ2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     55000 | PA      | $48603.41     | 0.04%             | 2032-01-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LIMITED PARTNERSHIP                        | BOSTON PROPERTIES LP                             | CUSIP: 10112RBE3<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |     85000 | PA      | $73532.50     | 0.06%             | 2032-04-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corporation                                 | TRUIST FINANCIAL CORP                            | CUSIP: 89788MAR3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    214000 | PA      | $221457.90    | 0.19%             | 2030-01-24      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| APA CORPORATION                                              | APA CORP                                         | CUSIP: 03743QAX6<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |    154000 | PA      | $150281.67    | 0.13%             | 2028-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| THE CHARLES SCHWAB CORPORATION                               | CHARLES SCHWAB CORP THE                          | CUSIP: 808513CE3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |     43000 | PA      | $46016.92     | 0.04%             | 2034-05-19      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BRANCH                             | DEUTSCHE BANK AG NEW YORK NY                     | CUSIP: 251526CU1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    141000 | PA      | $150808.80    | 0.13%             | 2029-11-20      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING, LP                                  | DCP MIDSTREAM OPERATING LP                       | CUSIP: 23311VAK3<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |     63000 | PA      | $57377.36     | 0.05%             | 2032-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| THE TIMKEN COMPANY                                           | TIMKEN CO THE                                    | CUSIP: 887389AK0<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | DBT              | CORP              | US        |    113000 | PA      | $113528.08    | 0.10%             | 2028-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COMCAST CORPORATION                                          | COMCAST CORP                                     | CUSIP: 20030NDG3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    315000 | PA      | $304687.21    | 0.27%             | 2030-04-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY, INC.                                      | MICRON TECHNOLOGY INC                            | CUSIP: 595112CH4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    163000 | PA      | $174213.41    | 0.15%             | 2035-11-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| ArcelorMittal SA                                             | ARCELORMITTAL SA                                 | CUSIP: 03938LBC7<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |    162000 | PA      | $161667.12    | 0.14%             | 2029-07-16      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GENUINE PARTS COMPANY                                        | GENUINE PARTS CO                                 | CUSIP: 372460AE5<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |     82000 | PA      | $87076.01     | 0.08%             | 2028-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                                     | AMERICAN EXPRESS CO                              | CUSIP: 025816DW6<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     99000 | PA      | $102175.65    | 0.09%             | 2035-07-26      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC.                                                | BROADCOM INC                                     | CUSIP: 11135FBK6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     84000 | PA      | $77660.52     | 0.07%             | 2033-04-15      | Fixed         | 3.42%                 | Yes           |                  2 | On Loan: No      |
| Santander Holdings USA, Inc.                                 | SANTANDER HOLDINGS USA INC                       | CUSIP: 80282KBG0<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    108000 | PA      | $113182.83    | 0.10%             | 2029-06-12      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| KLA CORPORATION                                              | KLA CORP                                         | CUSIP: 482480AL4<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |     89000 | PA      | $90305.04     | 0.08%             | 2032-07-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| STEWART INFORMATION SERVICES CORPORATION                     | STEWART INFORMATION SERVICES CORP                | CUSIP: 86038AAA0<br>LEI: 529900TV1XI0PLKENU10 | Long             | DBT              | CORP              | US        |     66000 | PA      | $59090.46     | 0.05%             | 2031-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB COMPANY                                 | BRISTOL MYERS SQUIBB CO                          | CUSIP: 110122EG9<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |     98000 | PA      | $101923.37    | 0.09%             | 2031-02-22      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                             | PARAMOUNT GLOBAL                                 | CUSIP: 124857AQ6<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |     34000 | PA      | $33924.66     | 0.03%             | 2026-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BUNGE Ltd FINANCE CORP                                       | BUNGE LTD FINANCE CORP                           | CUSIP: 120568AZ3<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |     93000 | PA      | $92456.81     | 0.08%             | 2027-09-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM, INC.                                           | RYDER SYSTEM INC                                 | CUSIP: 78355HKT5<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    115000 | PA      | $112973.82    | 0.10%             | 2027-03-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC.                                                  | ABBVIE INC                                       | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    152000 | PA      | $146613.78    | 0.13%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| DELL INTERNATIONAL L.L.C.                                    | DELL INTERNATIONAL LLC EMC CORP                  | CUSIP: 24703TAG1<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    208000 | PA      | $214791.10    | 0.19%             | 2029-10-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| LYB INTERNATIONAL FINANCE III, LLC                           | LYB INTERNATIONAL FINANCE III LLC                | CUSIP: 50249AAG8<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |     51000 | PA      | $45537.94     | 0.04%             | 2030-10-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                 | BARCLAYS PLC                                     | CUSIP: 06738EAW5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | RF                | GB        |    146000 | PA      | $146787.88    | 0.13%             | 2028-05-09      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| AON CORPORATION                                              | AON CORP                                         | CUSIP: 037389BB8<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | DBT              | CORP              | US        |    133000 | PA      | $134314.24    | 0.12%             | 2028-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive, Inc.                                    | O REILLY AUTOMOTIVE INC                          | CUSIP: 67103HAN7<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |     99000 | PA      | $99878.68     | 0.09%             | 2034-08-19      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THE SOUTHERN COMPANY                                         | SOUTHERN CO THE                                  | CUSIP: 842587DE4<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     79000 | PA      | $77053.15     | 0.07%             | 2030-04-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL, INC.                                 | MARRIOTT INTERNATIONAL                           | CUSIP: 571903BF9<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    115000 | PA      | $106521.25    | 0.09%             | 2032-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AMGEN INC.                                                   | AMGEN INC                                        | CUSIP: 031162DQ0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    250000 | PA      | $259137.86    | 0.23%             | 2030-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LIMITED                           | CANADIAN NATURAL RESOURCES LTD                   | CUSIP: 136385BC4<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |     83000 | PA      | $84607.18     | 0.07%             | 2034-12-15      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING, LP                                  | DCP MIDSTREAM OPERATING LP                       | CUSIP: 23311VAJ6<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    109000 | PA      | $111336.77    | 0.10%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Banco Santander, S.A.                                        | BANCO SANTANDER SA                               | CUSIP: 05964HAV7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |     84000 | PA      | $93464.18     | 0.08%             | 2033-08-08      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| THE BOEING COMPANY                                           | BOEING CO THE                                    | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76969.50     | 0.07%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                     | LLOYDS BANKING GROUP PLC                         | CUSIP: 53944YAP8<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    135000 | PA      | $132824.46    | 0.12%             | 2027-05-11      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| ACUITY BRANDS LIGHTING, INC.                                 | ACUITY BRANDS LIGHTING                           | CUSIP: 00510RAD5<br>LEI: 549300OTPVPFLUC38K21 | Long             | DBT              | CORP              | US        |     66000 | PA      | $59336.17     | 0.05%             | 2030-12-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS, INC.                                     | MOTOROLA SOLUTIONS INC                           | CUSIP: 620076CC1<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156198.70    | 0.14%             | 2035-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING, LLC                        | CHARTER COMMUNICATIONS OPERATING LLC CHARTER COM | CUSIP: 161175BR4<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    145000 | PA      | $146878.44    | 0.13%             | 2029-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                  | BANK OF AMERICA CORP                             | CUSIP: 06051GLH0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    372000 | PA      | $384838.89    | 0.34%             | 2034-04-25      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN, INC.                                          | KINDER MORGAN INC                                | CUSIP: 49456BAP6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |     89000 | PA      | $89410.01     | 0.08%             | 2028-03-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corporation                      | BANK OF NEW YORK MELLON CORP THE                 | CUSIP: 06406RBV8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     49000 | PA      | $50335.07     | 0.04%             | 2030-03-14      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| AMCOR FINANCE (USA), INC.                                    | AMCOR FINANCE USA INC                            | CUSIP: 02343UAH8<br>LEI: 549300ZMT7FVT8R77U18 | Long             | DBT              | CORP              | US        |     89000 | PA      | $89405.57     | 0.08%             | 2028-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PATTERSON-UTI ENERGY, INC.                                   | PATTERSON UTI ENERGY INC                         | CUSIP: 703481AD3<br>LEI: 254900XGFBKIXD6G0697 | Long             | DBT              | CORP              | US        |     41000 | PA      | $43442.17     | 0.04%             | 2033-10-01      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC COMPANY                                         | DTE ELECTRIC CO                                  | CUSIP: 23338VAS5<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |     89000 | PA      | $92464.28     | 0.08%             | 2033-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS, L.P.                                  | HOST HOTELS RESORTS LP                           | CUSIP: 44107TAY2<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |    123000 | PA      | $116843.77    | 0.10%             | 2029-12-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                        | WELLS FARGO COMPANY                              | CUSIP: 95000U2J1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    169000 | PA      | $157058.78    | 0.14%             | 2031-02-11      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| WRKCO INC.                                                   | WRKCO INC                                        | CUSIP: 92940PAG9<br>LEI: 549300JEB576INN13W07 | Long             | DBT              | CORP              | US        |     51000 | PA      | $45308.37     | 0.04%             | 2033-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                                           | ROYALTY PHARMA PLC                               | CUSIP: 78081BAJ2<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |     95000 | PA      | $90763.88     | 0.08%             | 2027-09-02      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                                  | VERIZON COMMUNICATIONS INC                       | CUSIP: 92343VGJ7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    101000 | PA      | $91822.94     | 0.08%             | 2031-03-21      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| NXP B.V.                                                     | NXP BV NXP FUNDING LLC NXP USA INC               | CUSIP: 62954HBB3<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | NL        |    105000 | PA      | $106325.30    | 0.09%             | 2033-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                                           | ROYALTY PHARMA PLC                               | CUSIP: 78081BAN3<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |     70000 | PA      | $60960.88     | 0.05%             | 2031-09-02      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Company           | AERCAP IRELAND CAPITAL DAC                       | CUSIP: 00774MAW5<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    194000 | PA      | $187000.48    | 0.16%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN, INC.                                          | KINDER MORGAN INC                                | CUSIP: 49456BAU5<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |     95000 | PA      | $92531.77     | 0.08%             | 2026-11-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Company           | AERCAP IRELAND CAP DAC AERCAP GLoBAL AVIATION    | CUSIP: 00774MAX3<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |     51000 | PA      | $47003.64     | 0.04%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMERICAN PIPELINE, L.P.                           | PLAINS ALL AMERICAN PIPELINE LP                  | CUSIP: 72650RBN1<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |    158000 | PA      | $152418.81    | 0.13%             | 2030-09-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS INC.                                   | ROGERS COMMUNICATIONS INC                        | CUSIP: 775109CH2<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |     73000 | PA      | $68912.54     | 0.06%             | 2032-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS, INC.                                               | SYNOPSYS INC                                     | CUSIP: 871607AE7<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |     78000 | PA      | $79282.25     | 0.07%             | 2035-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| United States of America                                     | U S TREASURY NOTE                                | CUSIP: 91282CHE4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3809000 | PA      | $3809595.16   | 3.34%             | 2028-05-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                     | LLOYDS BANKING GROUP PLC                         | CUSIP: 53944YAX1<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |     73000 | PA      | $76548.20     | 0.07%             | 2035-01-05      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| PULTEGROUP, INC.                                             | PULTEGROUP INC                                   | CUSIP: 745867AP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     41000 | PA      | $44747.98     | 0.04%             | 2033-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GLP Capital, L.P.                                            | GLP CAPITAL LP GLP FINANCING II INC              | CUSIP: 361841AR0<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |     51000 | PA      | $45820.74     | 0.04%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| VULCAN MATERIALS COMPANY                                     | VULCAN MATERIALS CO                              | CUSIP: 929160BC2<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |     83000 | PA      | $85650.97     | 0.08%             | 2034-12-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| HCA INC.                                                     | HCA INC                                          | CUSIP: 404119BX6<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     93000 | PA      | $92188.58     | 0.08%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                            | ROYAL BANK OF SCOTLAND GROUP PLC                 | CUSIP: 78009PEH0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    140000 | PA      | $142989.49    | 0.13%             | 2030-01-27      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| LYB INTERNATIONAL FINANCE III, LLC                           | LYB INTERNATIONAL FINANCE III LLC                | CUSIP: 50249AAL7<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |     59000 | PA      | $60688.42     | 0.05%             | 2033-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CHURCH & DWIGHT CO., INC.                                    | CHURCH DWIGHT CO INC                             | CUSIP: 17136MAC6<br>LEI: POOXSI30AWAQGYJZC921 | Long             | DBT              | CORP              | US        |     70000 | PA      | $74220.58     | 0.07%             | 2032-11-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| GULFSTREAM NATURAL GAS SYSTEM, L.L.C.                        | GULFSTREAM NATURAL GAS SYSTEM LLC                | CUSIP: 402740AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $102458.18    | 0.09%             | 2035-07-23      | Fixed         | 5.60%                 | Yes           |                  2 | On Loan: No      |
| AIR LEASE CORPORATION                                        | AIR LEASE CORP                                   | CUSIP: 00914AAG7<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |     61000 | PA      | $56834.23     | 0.05%             | 2030-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AUTODESK, INC.                                               | AUTODESK INC                                     | CUSIP: 052769AH9<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |     89000 | PA      | $78828.33     | 0.07%             | 2031-12-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| UBS AG LONDON BRANCH                                         | UBS AG LONDON                                    | CUSIP: 902674ZZ6<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |     72000 | PA      | $70658.83     | 0.06%             | 2026-06-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| CHEVRON PHILLIPS CHEMICAL COMPANY LLC                        | CHEVRON PHILLIPS CHEMICAL CO LLC                 | CUSIP: 166754AX9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     83000 | PA      | $84451.79     | 0.07%             | 2030-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| FEDEX CORPORATION                                            | FEDEX CORP                                       | CUSIP: 31428XCF1<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88330.34     | 0.08%             | 2028-02-15      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| BROADCOM INC.                                                | BROADCOM INC                                     | CUSIP: 11135FBA8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    141000 | PA      | $143852.63    | 0.13%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Pentair Finance S.a r.l.                                     | PENTAIR FINANCE SARL                             | CUSIP: 709629AS8<br>LEI: 549300H2U8U8TZPV3T89 | Long             | DBT              | CORP              | LU        |     53000 | PA      | $56226.47     | 0.05%             | 2032-07-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                                | GOLDMAN SACHS GROUP INC THE                      | CUSIP: 38141GA46<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    141000 | PA      | $150054.69    | 0.13%             | 2029-10-24      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION                                           | ORACLE CORP                                      | CUSIP: 68389XBV6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    350000 | PA      | $329759.66    | 0.29%             | 2030-04-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| United States of America                                     | U S TREASURY BONDS                               | CUSIP: 912810FT0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3835000 | PA      | $3958439.06   | 3.47%             | 2036-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENTERGY LOUISIANA, LLC                                       | ENTERGY LOUISIANA LLC                            | CUSIP: 29364WAZ1<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    115000 | PA      | $113386.38    | 0.10%             | 2027-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                                | GOLDMAN SACHS GROUP INC THE                      | CUSIP: 38141GYM0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    151000 | PA      | $147469.62    | 0.13%             | 2027-10-21      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC.                                        | KEURIG DR PEPPER INC                             | CUSIP: 49271VAQ3<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |     58000 | PA      | $55450.35     | 0.05%             | 2032-04-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| THE PNC FINANCIAL SERVICES GROUP, INC.                       | PNC FINANCIAL SERVICES GROUP INC THE             | CUSIP: 693475BW4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     68000 | PA      | $71710.34     | 0.06%             | 2035-01-22      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                | FORD MOTOR CREDIT CO LLC                         | CUSIP: 345397XU2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     68000 | PA      | $67923.60     | 0.06%             | 2026-01-08      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| THE CIGNA GROUP                                              | CIGNA CORP                                       | CUSIP: 125523CB4<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    145000 | PA      | $143649.01    | 0.13%             | 2027-03-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                 | BARCLAYS PLC                                     | CUSIP: 06738ECG8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | RF                | GB        |     77000 | PA      | $82796.88     | 0.07%             | 2034-05-09      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS, L.P.                                        | REGENCY CENTERS LP                               | CUSIP: 75884RAV5<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              | CORP              | US        |    162000 | PA      | $160886.39    | 0.14%             | 2027-02-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                        | WELLS FARGO CO                                   | CUSIP: 95000U3K7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     81000 | PA      | $84466.80     | 0.07%             | 2035-01-23      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DELL INTERNATIONAL L.L.C.                                    | DELL INTERNATIONAL LLC EMC CORP                  | CUSIP: 24703DBU4<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64624.86     | 0.06%             | 2036-02-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BIOGEN INC.                                                  | BIOGEN INC                                       | CUSIP: 09062XAL7<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |    115000 | PA      | $120514.03    | 0.11%             | 2035-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| United States of America                                     | U S TREASURY BOND                                | CUSIP: 912810SS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12080000 | PA      | $6481675.00   | 5.68%             | 2050-11-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS, INC.                                          | GXO LOGISTICS INC                                | CUSIP: 36262GAD3<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |     82000 | PA      | $73088.01     | 0.06%             | 2031-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                       | CVS HEALTH CORP                                  | CUSIP: 126650DY3<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     61000 | PA      | $62401.31     | 0.05%             | 2033-06-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| TSMC ARIZONA CORPORATION                                     | TSMC ARIZONA CORP                                | CUSIP: 872898AF8<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |    149000 | PA      | $148512.19    | 0.13%             | 2027-04-22      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                             | PHILIP MORRIS INTERNATIONAL INC                  | CUSIP: 718172DB2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     73000 | PA      | $76256.97     | 0.07%             | 2033-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ALBEMARLE CORPORATION                                        | ALBEMARLE CORP                                   | CUSIP: 012653AD3<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20030.85     | 0.02%             | 2027-06-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| LKQ CORPORATION                                              | LKQ CORP                                         | CUSIP: 501889AD1<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | DBT              | CORP              | US        |     87000 | PA      | $89893.74     | 0.08%             | 2028-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                         | MITSUBISHI UFJ FINANCIAL GROUP INC               | CUSIP: 606822BH6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    155000 | PA      | $153063.22    | 0.13%             | 2029-03-07      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| AON CORPORATION                                              | AON CORP AON GLOBAL HOLDINGS PLC                 | CUSIP: 03740LAD4<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | DBT              | CORP              | US        |    154000 | PA      | $151044.92    | 0.13%             | 2027-05-28      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| APTARGROUP, INC.                                             | APTARGROUP INC                                   | CUSIP: 038336AA1<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | DBT              | CORP              | US        |     62000 | PA      | $57579.01     | 0.05%             | 2032-03-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES, INC.                                        | DELTA AIR LINES INC                              | CUSIP: 247361A32<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102074.00    | 0.09%             | 2030-07-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BRUNSWICK CORPORATION                                        | BRUNSWICK CORP DE                                | CUSIP: 117043AW9<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | DBT              | CORP              | US        |     52000 | PA      | $53776.24     | 0.05%             | 2029-03-18      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| ARIZONA PUBLIC SERVICE COMPANY                               | ARIZONA PUBLIC SERVICE CO                        | CUSIP: 040555DG6<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |     71000 | PA      | $74297.10     | 0.07%             | 2033-08-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC.                                                  | ABBVIE INC                                       | CUSIP: 00287YDU0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    108000 | PA      | $111011.74    | 0.10%             | 2034-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| FISERV, INC.                                                 | FISERV INC                                       | CUSIP: 337738AU2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    160000 | PA      | $155475.94    | 0.14%             | 2029-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AUTOZONE, INC.                                               | AUTOZONE INC                                     | CUSIP: 053332BB7<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |     56000 | PA      | $56458.35     | 0.05%             | 2032-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| THE BANK OF NOVA SCOTIA                                      | BANK OF NOVA SCOTIA THE                          | CUSIP: 064159HB5<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |     68000 | PA      | $67974.24     | 0.06%             | 2025-12-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Santander Holdings USA, Inc.                                 | SANTANDER HOLDINGS USA INC                       | CUSIP: 80282KBM7<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |     49000 | PA      | $50004.43     | 0.04%             | 2030-09-06      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| UNION ELECTRIC COMPANY                                       | UNION ELECTRIC CO                                | CUSIP: 906548CM2<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |     85000 | PA      | $83743.62     | 0.07%             | 2027-06-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC.                                            | CROWN CASTLE INTERNATIONAL CORP                  | CUSIP: 22822VAL5<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    135000 | PA      | $134328.57    | 0.12%             | 2029-02-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CHOICE HOTELS INTERNATIONAL, INC.                            | CHOICE HOTELS INTERNATIONAL INC                  | CUSIP: 169905AH9<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51141.96     | 0.04%             | 2034-08-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION                                           | ORACLE CORP                                      | CUSIP: 68389XCP8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     66000 | PA      | $66641.45     | 0.06%             | 2033-02-06      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| THE KROGER CO.                                               | KROGER CO THE                                    | CUSIP: 501044DV0<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |     33000 | PA      | $33266.41     | 0.03%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES, INC.                                          | CBRE SERVICES INC                                | CUSIP: 12505BAK6<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |     49000 | PA      | $50446.29     | 0.04%             | 2035-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORPORATION                                        | SOLVENTUM CORP                                   | CUSIP: 83444MAR2<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    103000 | PA      | $107305.40    | 0.09%             | 2034-03-23      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES, INC.                                   | AGILENT TECHNOLOGIES INC                         | CUSIP: 00846UAR2<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |     74000 | PA      | $73690.65     | 0.06%             | 2034-09-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA, INC.                                           | T MOBILE USA INC                                 | CUSIP: 87264ADF9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    115000 | PA      | $117647.30    | 0.10%             | 2034-04-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| United States of America                                     | U S TREASURY NOTE                                | CUSIP: 91282CJZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5244000 | PA      | $5230890.00   | 4.58%             | 2034-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                        | SUMITOMO MITSUI FINANCIAL GROUP INC              | CUSIP: 86562MCN8<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    145000 | PA      | $137486.57    | 0.12%             | 2029-01-14      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| ENTERGY CORPORATION                                          | ENTERGY CORP                                     | CUSIP: 29364GAP8<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    104000 | PA      | $92986.65     | 0.08%             | 2031-06-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & COMPANY, INCORPORATED                            | MCCORMICK CO INC MD                              | CUSIP: 579780AN7<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |    114000 | PA      | $112691.11    | 0.10%             | 2027-08-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                                  | VERIZON COMMUNICATIONS INC                       | CUSIP: 92343VHA5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    182000 | PA      | $184901.84    | 0.16%             | 2037-07-02      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                            | HSBC HOLDINGS PLC                                | CUSIP: 404280CX5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    207000 | PA      | $202266.10    | 0.18%             | 2027-11-22      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| U.S. BANCORP                                                 | US BANCORP                                       | CUSIP: 91159HJG6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    138000 | PA      | $138637.85    | 0.12%             | 2033-07-22      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL COMPANY, INC.                       | GENERAL MOTORS FINANCIAL CO INC                  | CUSIP: 37045XEG7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    127000 | PA      | $132832.50    | 0.12%             | 2030-04-06      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                         | JPMORGAN CHASE CO                                | CUSIP: 46647PCP9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    240000 | PA      | $233922.89    | 0.20%             | 2027-09-22      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| TRANE TECHNOLOGIES FINANCING LIMITED                         | TRANE TECHNOLOGIES FINANCING LTD                 | CUSIP: 892938AA9<br>LEI: 549300A5OEF3CJI2CO89 | Long             | DBT              | CORP              | IE        |     53000 | PA      | $55168.16     | 0.05%             | 2033-03-03      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| THE SOUTHERN COMPANY                                         | SOUTHERN CO THE                                  | CUSIP: 842587DL8<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    143000 | PA      | $151609.49    | 0.13%             | 2032-10-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORPORATION                                   | CARRIER GLOBAL CORP                              | CUSIP: 14448CAQ7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |     85000 | PA      | $79659.45     | 0.07%             | 2030-02-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORPORATION                                     | STATE STREET CORP                                | CUSIP: 857477CC5<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    121000 | PA      | $125367.53    | 0.11%             | 2034-05-18      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| United States of America                                     | U S TREASURY BOND                                | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5729000 | PA      | $4087283.44   | 3.58%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66 COMPANY                                          | PHILLIPS 66 CO                                   | CUSIP: 718547AK8<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |    119000 | PA      | $113813.94    | 0.10%             | 2029-12-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                      | MPLX LP                                          | CUSIP: 55336VBU3<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     68000 | PA      | $68246.42     | 0.06%             | 2032-09-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MSILF Government Portfolio                                   | MSILF GOVERNMENT-INST                            | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     13515 | NS      | $13515.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AMEREN CORPORATION                                           | AMEREN CORP                                      | CUSIP: 023608AL6<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |    119000 | PA      | $115398.01    | 0.10%             | 2027-03-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORPORATION                                        | SOLVENTUM CORP                                   | CUSIP: 83444MAP6<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |     33000 | PA      | $34057.62     | 0.03%             | 2029-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA, INC.                                           | T MOBILE USA INC                                 | CUSIP: 87264ACB9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     75000 | PA      | $68100.86     | 0.06%             | 2031-02-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| AUTODESK, INC.                                               | AUTODESK INC                                     | CUSIP: 052769AE6<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |    113000 | PA      | $112043.58    | 0.10%             | 2027-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| METLIFE, INC.                                                | METLIFE INC                                      | CUSIP: 59156RBZ0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |     73000 | PA      | $74221.83     | 0.07%             | 2030-03-23      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| CDW LLC                                                      | CDW LLC CDW FINANCE CORP                         | CUSIP: 12513GBG3<br>LEI: 549300RU2J599RPFD076 | Long             | DBT              | CORP              | US        |    115000 | PA      | $112800.04    | 0.10%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| BUNGE Ltd FINANCE CORP                                       | BUNGE LTD FINANCE CORP                           | CUSIP: 120568BC3<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |     33000 | PA      | $30253.62     | 0.03%             | 2031-05-14      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                                | GOLDMAN SACHS GROUP INC THE                      | CUSIP: 38141GXG4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    205000 | PA      | $192019.40    | 0.17%             | 2030-02-07      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                               | CITIGROUP INC                                    | CUSIP: 172967KU4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     63000 | PA      | $62907.14     | 0.06%             | 2028-07-25      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FIRST AMERICAN FINANCIAL CORPORATION                         | FIRST AMERICAN FINANCIAL CORP                    | CUSIP: 31847RAH5<br>LEI: 549300B6VEZK3N0A1P55 | Long             | DBT              | CORP              | US        |     68000 | PA      | $59248.64     | 0.05%             | 2031-08-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA, INC.                                           | T MOBILE USA INC                                 | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    234000 | PA      | $232622.98    | 0.20%             | 2027-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States of America                                     | U S TREASURY NOTE                                | CUSIP: 91282CHJ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7359000 | PA      | $7362449.53   | 6.45%             | 2030-06-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                  | BANK OF AMERICA CORP                             | CUSIP: 06051GGC7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    265000 | PA      | $265164.37    | 0.23%             | 2027-11-25      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| Regal Rexnord Corporation                                    | REGAL REXNORD CORP                               | CUSIP: 758750AP8<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |     59000 | PA      | $63318.21     | 0.06%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Pentair Finance S.a r.l.                                     | PENTAIR FINANCE SARL                             | CUSIP: 709629AR0<br>LEI: 549300H2U8U8TZPV3T89 | Long             | DBT              | CORP              | LU        |    113000 | PA      | $113580.32    | 0.10%             | 2029-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES, INC.                                  | KEYSIGHT TECHNOLOGIES INC                        | CUSIP: 49338LAG8<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |     66000 | PA      | $66375.00     | 0.06%             | 2034-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| RTX CORPORATION                                              | UNITED TECHNOLOGIES CORP                         | CUSIP: 913017CY3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    144000 | PA      | $143676.94    | 0.13%             | 2028-11-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MSCI INC.                                                    | MSCI INC                                         | CUSIP: 55354GAR1<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100832.10    | 0.09%             | 2035-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                       | CVS HEALTH CORP                                  | CUSIP: 126650DM9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    124000 | PA      | $117479.30    | 0.10%             | 2027-08-21      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| MIDAMERICAN ENERGY COMPANY                                   | MIDAMERICAN ENERGY CO                            | CUSIP: 595620AT2<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    115000 | PA      | $113361.73    | 0.10%             | 2029-04-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| HUNTSMAN INTERNATIONAL LLC                                   | HUNTSMAN INTERNATIONAL LLC                       | CUSIP: 44701QBG6<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |     41000 | PA      | $37460.67     | 0.03%             | 2034-10-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| LES VETEMENTS DE SPORT GILDAN INC.                           | GILDAN ACTIVEWEAR INC                            | CUSIP: 375916AG8<br>LEI: 549300SB3IBI34M00Z45 | Long             | DBT              | CORP              | CA        |     39000 | PA      | $38981.44     | 0.03%             | 2035-10-07      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| FIRST HORIZON BANK                                           | FIRST HORIZON BANK                               | CUSIP: 337158AJ8<br>LEI: COOWI3L2W9TPYR3WJX37 | Long             | DBT              | CORP              | US        |     63000 | PA      | $65012.00     | 0.06%             | 2030-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                         | MITSUBISHI UFJ FINANCIAL GROUP INC               | CUSIP: 606822CL6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    109000 | PA      | $110647.36    | 0.10%             | 2028-07-20      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS, INC.                        | NEXTERA ENERGY CAPITAL                           | CUSIP: 65339KBW9<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    155000 | PA      | $146534.35    | 0.13%             | 2028-06-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW USA INFRASTRUCTURE HOLDINGS LLC                    | SOUTH BOW USA INFRASTRUCTURE HOLDINGS LLC        | CUSIP: 83007CAF9<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |     66000 | PA      | $66354.73     | 0.06%             | 2034-10-01      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| AGCO CORPORATION                                             | AGCO CORP                                        | CUSIP: 001084AS1<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | DBT              | CORP              | US        |     64000 | PA      | $66526.04     | 0.06%             | 2034-03-21      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| PACKAGING CORPORATION OF AMERICA                             | PACKAGING CORP OF AMERICA                        | CUSIP: 695156AT6<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | DBT              | CORP              | US        |    115000 | PA      | $113388.65    | 0.10%             | 2027-12-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| AT&T INC.                                                    | AT T INC                                         | CUSIP: 00206RDQ2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150285.32    | 0.13%             | 2027-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AON CORPORATION                                              | AON CORP AON GLOBAL HOLDINGS PLC                 | CUSIP: 03740LAF9<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | DBT              | CORP              | US        |     66000 | PA      | $67886.54     | 0.06%             | 2032-09-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Airlines 2016-1 Pass Through Trusts                 | AMERICAN AIRLINES 2016 1 CLASS AA                | CUSIP: 02376UAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     28597 | PA      | $27958.02     | 0.02%             | 2029-07-15      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| U.S. BANCORP                                                 | US BANCORP                                       | CUSIP: 91159HJM3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    191000 | PA      | $198808.08    | 0.17%             | 2029-06-12      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| WORKDAY, INC.                                                | WORKDAY INC                                      | CUSIP: 98138HAJ0<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |     61000 | PA      | $58279.93     | 0.05%             | 2032-04-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                         | JPMORGAN CHASE CO                                | CUSIP: 46647PEG7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    300000 | PA      | $313308.00    | 0.27%             | 2030-04-22      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| HUMANA INC.                                                  | HUMANA INC                                       | CUSIP: 444859CD2<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    113000 | PA      | $115116.88    | 0.10%             | 2035-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| KEYBANK NATIONAL ASSOCIATION                                 | KEY BANK NA                                      | CUSIP: 49327V2B9<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    145000 | PA      | $141859.28    | 0.12%             | 2029-04-13      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS LP                                  | TARGA RESOURCES PARTNERS                         | CUSIP: 87612BBQ4<br>LEI: 6OQWTZ1SPC04IFT4T704 | Long             | DBT              | CORP              | US        |     58000 | PA      | $59014.81     | 0.05%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE, LLC                     | VOLKSWAGEN GROUP OF AMERICA FINANCE LLC          | CUSIP: 928668CX8<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200862.27    | 0.18%             | 2030-09-11      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC.                                         | GLOBAL PAYMENTS INC                              | CUSIP: 37940XAQ5<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     73000 | PA      | $74677.71     | 0.07%             | 2032-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| THE DOW CHEMICAL COMPANY                                     | DOW CHEMICAL CO THE                              | CUSIP: 260543DC4<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |     69000 | PA      | $61126.60     | 0.05%             | 2030-11-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                             | VIACOMCBS INC                                    | CUSIP: 124857AT0<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |     94000 | PA      | $91588.33     | 0.08%             | 2028-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| HORIZON MUTUAL HOLDINGS, INC.                                | HORIZON MUTUAL HOLDINGS INC                      | CUSIP: 43990FAA6<br>LEI: 254900R6BWV4LUXBN549 | Long             | DBT              | CORP              | US        |     58000 | PA      | $56779.30     | 0.05%             | 2034-11-15      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: No      |
| REINSURANCE GROUP OF AMERICA, INCORPORATED                   | REINSURANCE GROUP OF AMERICA INC                 | CUSIP: 759351AN9<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |    115000 | PA      | $113572.48    | 0.10%             | 2029-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| THE CIGNA GROUP                                              | CIGNA CORP                                       | CUSIP: 125523CL2<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    108000 | PA      | $99698.48     | 0.09%             | 2030-03-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| PRIMERICA, INC.                                              | PRIMERICA INC                                    | CUSIP: 74164MAB4<br>LEI: 254900621R686KJR7022 | Long             | DBT              | CORP              | US        |     51000 | PA      | $46082.47     | 0.04%             | 2031-11-19      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| VALERO ENERGY CORPORATION                                    | VALERO ENERGY CORP                               | CUSIP: 91913YBF6<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |    115000 | PA      | $118433.77    | 0.10%             | 2030-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| THE BOEING COMPANY                                           | BOEING CO THE                                    | CUSIP: 097023DP7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    190000 | PA      | $195455.08    | 0.17%             | 2027-05-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| THE PNC FINANCIAL SERVICES GROUP, INC.                       | PNC FINANCIAL SERVICES                           | CUSIP: 693475AZ8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     74000 | PA      | $69187.42     | 0.06%             | 2030-01-22      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Duke Energy Carolinas, LLC                                   | DUKE ENERGY CAROLINAS LLC                        | CUSIP: 264399DK9<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    156000 | PA      | $164398.12    | 0.14%             | 2028-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT COMPANY                                | GULF POWER CO                                    | CUSIP: 402479CF4<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    124000 | PA      | $122655.59    | 0.11%             | 2027-05-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| AVERY DENNISON CORPORATION                                   | AVERY DENNISON CORP                              | CUSIP: 053611AJ8<br>LEI: 549300PW7VPFCYKLIV37 | Long             | DBT              | CORP              | US        |    109000 | PA      | $111154.01    | 0.10%             | 2028-12-06      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                               | MORGAN STANLEY                                   | CUSIP: 6174468G7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    450000 | PA      | $452149.68    | 0.40%             | 2030-01-23      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES INCORPORATED                           | HUNTINGTON BANCSHARES INC OH                     | CUSIP: 446150BA1<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |     58000 | PA      | $58351.19     | 0.05%             | 2033-05-17      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| REVVITY, INC.                                                | PERKINELMER INC                                  | CUSIP: 714046AH2<br>LEI: 549300IKL1SDPFI7N655 | Long             | DBT              | CORP              | US        |     51000 | PA      | $45628.00     | 0.04%             | 2031-03-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS, L.P.                                  | HOST HOTELS RESORTS LP                           | CUSIP: 44107TAZ9<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |     78000 | PA      | $73249.74     | 0.06%             | 2030-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                         | JPMORGAN CHASE CO                                | CUSIP: 46647PBP0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    140000 | PA      | $131282.84    | 0.12%             | 2031-05-13      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| CENTENE CORPORATION                                          | CENTENE CORP                                     | CUSIP: 15135BAR2<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    152000 | PA      | $149417.55    | 0.13%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA PUBLIC SERVICE COMPANY                               | ARIZONA PUBLIC SERVICE CO                        | CUSIP: 040555CZ5<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |    121000 | PA      | $113588.55    | 0.10%             | 2029-08-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| PFIZER INC.                                                  | PFIZER INC                                       | CUSIP: 717081FB4<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |     89000 | PA      | $77965.36     | 0.07%             | 2031-08-18      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Company           | AERCAP IRELAND CAPITAL DAC                       | CUSIP: 00774MAS4<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |     56000 | PA      | $55553.52     | 0.05%             | 2026-01-30      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| DOLLAR GENERAL CORPORATION                                   | DOLLAR GENERAL CORP                              | CUSIP: 256677AN5<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |    109000 | PA      | $111574.51    | 0.10%             | 2028-07-05      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                               | MORGAN STANLEY                                   | CUSIP: 61747YEY7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    141000 | PA      | $154908.17    | 0.14%             | 2033-10-18      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| WarnerMedia Holdings, Inc.                                   | WARNERMEDIA HOLDINGS INC                         | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     38000 | PA      | $34838.78     | 0.03%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC.                                                | BROADCOM INC                                     | CUSIP: 11135FAL5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145519.25    | 0.13%             | 2028-09-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| Highwoods Realty Limited Partnership                         | HIGHWOODS REALTY LP                              | CUSIP: 431282AT9<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              | CORP              | US        |     54000 | PA      | $47754.36     | 0.04%             | 2031-02-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORPORATION                                        | AIR LEASE CORP                                   | CUSIP: 00914AAS1<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |     64000 | PA      | $57295.55     | 0.05%             | 2032-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC.                                    | BAXTER INTERNATIONAL INC                         | CUSIP: 071813CS6<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |     85000 | PA      | $74533.31     | 0.07%             | 2032-02-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| MATTEL, INC.                                                 | MATTEL INC                                       | CUSIP: 577081BF8<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |     83000 | PA      | $80290.84     | 0.07%             | 2029-04-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                          | FIFTH THIRD BANCORP                              | CUSIP: 316773DL1<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    108000 | PA      | $113186.45    | 0.10%             | 2032-01-29      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                | FORD MOTOR CREDIT CO LLC                         | CUSIP: 345397C92<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    145000 | PA      | $150559.86    | 0.13%             | 2028-05-12      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                        | SUMITOMO MITSUI FINANCIAL GROUP INC              | CUSIP: 86562MCS7<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |     63000 | PA      | $67338.12     | 0.06%             | 2033-01-13      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| PPL CAPITAL FUNDING, INC.                                    | PPL CAPITAL FUNDING INC                          | CUSIP: 69352PAT0<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |     83000 | PA      | $84885.36     | 0.07%             | 2034-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORPORATION                                  | WESTPAC BANKING CORP                             | CUSIP: 961214DF7<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |     56000 | PA      | $55847.53     | 0.05%             | 2031-11-23      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| PULTEGROUP, INC.                                             | PULTEGROUP INC                                   | CUSIP: 745867AX9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     89000 | PA      | $89794.94     | 0.08%             | 2027-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUNGE Ltd FINANCE CORP                                       | BUNGE LTD FINANCE CORP                           | CUSIP: 120568AX8<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |     93000 | PA      | $92289.03     | 0.08%             | 2026-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN, INC.                                          | KINDER MORGAN INC                                | CUSIP: 49456BAX9<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |     62000 | PA      | $63545.58     | 0.06%             | 2033-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| FIRST HORIZON CORPORATION                                    | FIRST HORIZON CORP                               | CUSIP: 320517AE5<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | DBT              | CORP              | US        |     66000 | PA      | $67928.64     | 0.06%             | 2031-03-07      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| PFIZER INC.                                                  | PFIZER INC                                       | CUSIP: 717081EW9<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |     94000 | PA      | $88170.19     | 0.08%             | 2030-04-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS INC.                                   | ROGERS COMMUNICATIONS INC                        | CUSIP: 775109DE8<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    132000 | PA      | $134523.92    | 0.12%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                                     | AMERICAN EXPRESS CO                              | CUSIP: 025816DP1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50669.83     | 0.04%             | 2028-02-16      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| THE PNC FINANCIAL SERVICES GROUP, INC.                       | PNC FINANCIAL SERVICES GROUP INC THE             | CUSIP: 693475BS3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    108000 | PA      | $115848.79    | 0.10%             | 2034-08-18      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive, Inc.                                    | O REILLY AUTOMOTIVE INC                          | CUSIP: 67103HAJ6<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |     66000 | PA      | $65794.07     | 0.06%             | 2030-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| GLP Capital, L.P.                                            | GLP CAPITAL LP GLP FINANCING II INC              | CUSIP: 361841AT6<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |     16000 | PA      | $16186.75     | 0.01%             | 2034-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AT&T INC.                                                    | AT T INC                                         | CUSIP: 00206RMT6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     73000 | PA      | $75879.15     | 0.07%             | 2034-02-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                        | WELLS FARGO CO                                   | CUSIP: 95000U2G7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     61000 | PA      | $57728.63     | 0.05%             | 2030-10-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corporation                      | BANK OF NEW YORK MELLON CORP THE                 | CUSIP: 06406RBM8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     53000 | PA      | $57092.06     | 0.05%             | 2033-10-25      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                 | BARCLAYS PLC                                     | CUSIP: 06738EBU8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | RF                | GB        |    118000 | PA      | $115365.65    | 0.10%             | 2027-11-24      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                  | BANK OF AMERICA CORP                             | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    113000 | PA      | $111215.81    | 0.10%             | 2028-12-20      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                         | M T BANK CORP                                    | CUSIP: 55261FAR5<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |     58000 | PA      | $58141.52     | 0.05%             | 2034-01-27      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| KILROY REALTY, L.P.                                          | KILROY REALTY LP                                 | CUSIP: 49427RAP7<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |    125000 | PA      | $115405.00    | 0.10%             | 2030-02-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| United States of America                                     | U S TREASURY NOTE                                | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5750000 | PA      | $5816484.38   | 5.10%             | 2032-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PHILLIPS EDISON GROCERY CENTER OPERATING PARTNERSHIP I, L.P. | PHILLIPS EDISON GROCERY CENTER                   | CUSIP: 71845JAC2<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |     74000 | PA      | $72876.51     | 0.06%             | 2035-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS, INC.                        | NEXTERA ENERGY CAPITAL HOLDINGS INC              | CUSIP: 65339KCU2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46217.58     | 0.04%             | 2034-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States of America                                     | UNITED STATES TREASURY BOND                      | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2939000 | PA      | $2105058.75   | 1.84%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ERP OPERATING LIMITED PARTNERSHIP                            | ERP OPERATING LP                                 | CUSIP: 26884ABL6<br>LEI: DX5HQV5MLU50FEWZ5072 | Long             | DBT              | CORP              | US        |    168000 | PA      | $161326.25    | 0.14%             | 2029-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                                 | HUNTINGTON NATIONAL BANK THE                     | CUSIP: 44644MAJ0<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |    200000 | PA      | $209256.33    | 0.18%             | 2030-01-10      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                            | HSBC HOLDINGS PLC                                | CUSIP: 404280CV9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    214000 | PA      | $201963.43    | 0.18%             | 2029-08-17      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| AUTONATION, INC.                                             | AUTONATION INC                                   | CUSIP: 05329WAT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     96000 | PA      | $99151.82     | 0.09%             | 2035-03-15      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| PNC Bank, National Association (Delaware)                    | PNC BANK NA                                      | CUSIP: 69349LAR9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114733.52    | 0.10%             | 2028-07-26      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| REVVITY, INC.                                                | REVVITY INC                                      | CUSIP: 714046AG4<br>LEI: 549300IKL1SDPFI7N655 | Long             | DBT              | CORP              | US        |     95000 | PA      | $90896.23     | 0.08%             | 2029-09-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| AEP TEXAS INC.                                               | AEP TEXAS INC                                    | CUSIP: 00108WAH3<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114144.97    | 0.10%             | 2028-06-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK, NATIONAL ASSOCIATION                       | FIFTH THIRD BANK NA                              | CUSIP: 31677QBR9<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |    119000 | PA      | $116071.75    | 0.10%             | 2027-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| COMCAST CORPORATION                                          | COMCAST CORP                                     | CUSIP: 20030NDA6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    115000 | PA      | $107851.98    | 0.09%             | 2030-02-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM, INC.                                           | RYDER SYSTEM INC                                 | CUSIP: 78355HKW8<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    186000 | PA      | $190982.80    | 0.17%             | 2028-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DELL INTERNATIONAL L.L.C.                                    | DELL INTERNATIONAL LLC EMC CORP                  | CUSIP: 24703DBJ9<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    109000 | PA      | $111529.48    | 0.10%             | 2028-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS                                               | CONOCOPHILLIPS                                   | CUSIP: 20825CAF1<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | DBT              | CORP              | US        |     51000 | PA      | $55545.58     | 0.05%             | 2032-10-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES, INC.                                        | QUANTA SERVICES INC                              | CUSIP: 74762EAF9<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |     85000 | PA      | $79381.74     | 0.07%             | 2030-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORPORATION                            | CAPITAL ONE FINANCIAL CORP                       | CUSIP: 14040HCY9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    134000 | PA      | $140541.40    | 0.12%             | 2034-02-01      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| Shell International Finance B.V.                             | SHELL INTERNATIONAL FINANCE BV                   | CUSIP: 822582CG5<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |     25000 | PA      | $23631.53     | 0.02%             | 2030-04-06      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| AMGEN INC.                                                   | AMGEN INC                                        | CUSIP: 031162CZ1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     68000 | PA      | $58983.36     | 0.05%             | 2032-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS, L.P.                                        | REGENCY CENTERS LP                               | CUSIP: 75884RAZ6<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              | CORP              | US        |     49000 | PA      | $46791.85     | 0.04%             | 2029-09-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| DELL INTERNATIONAL L.L.C.                                    | DELL INTERNATIONAL LLC EMC CORP                  | CUSIP: 24703DBQ3<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |     53000 | PA      | $52170.68     | 0.05%             | 2035-02-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| BRUNSWICK CORPORATION                                        | BRUNSWICK CORP DE                                | CUSIP: 117043AU3<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | DBT              | CORP              | US        |     29000 | PA      | $27621.94     | 0.02%             | 2032-09-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| HEICO CORPORATION                                            | HEICO CORP                                       | CUSIP: 422806AA7<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | DBT              | CORP              | US        |    109000 | PA      | $111807.14    | 0.10%             | 2028-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States of America                                     | U S TREASURY NOTE                                | CUSIP: 91282CJQ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5765000 | PA      | $5759595.31   | 5.05%             | 2030-12-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                         | MITSUBISHI UFJ FINANCIAL GROUP INC               | CUSIP: 606822CN2<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    158000 | PA      | $161558.90    | 0.14%             | 2028-09-13      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                            | HSBC HOLDINGS PLC                                | CUSIP: 404280EC9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     59000 | PA      | $67181.39     | 0.06%             | 2034-11-13      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                        | WELLS FARGO CO                                   | CUSIP: 95000U3J0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     66000 | PA      | $67991.78     | 0.06%             | 2030-01-23      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| JABIL INC.                                                   | JABIL INC                                        | CUSIP: 466313AK9<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |     51000 | PA      | $47010.66     | 0.04%             | 2031-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                     | U S TREASURY NOTES                               | CUSIP: 912810QB7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    552000 | PA      | $543375.00    | 0.48%             | 2039-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| KEYBANK NATIONAL ASSOCIATION                                 | KEYBANK NA CLEVELAND OH                          | CUSIP: 49327M3H5<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |     73000 | PA      | $73447.38     | 0.06%             | 2033-01-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THE HOME DEPOT, INC.                                         | HOME DEPOT INC THE                               | CUSIP: 437076CF7<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |     90000 | PA      | $77561.99     | 0.07%             | 2031-03-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| United States of America                                     | U S TREASURY NOTE                                | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    900000 | PA      | $907312.50    | 0.79%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                         | JPMORGAN CHASE CO                                | CUSIP: 46625HJZ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    280000 | PA      | $280255.05    | 0.25%             | 2026-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| LEIDOS, INC.                                                 | LEIDOS INC                                       | CUSIP: 52532XAJ4<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |     78000 | PA      | $82371.61     | 0.07%             | 2033-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OTIS WORLDWIDE CORPORATION                                   | OTIS WORLDWIDE CORP                              | CUSIP: 68902VAK3<br>LEI: 549300ZLBKR8VSU25153 | Long             | DBT              | CORP              | US        |     94000 | PA      | $87537.72     | 0.08%             | 2030-02-15      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                                  | VERIZON COMMUNICATIONS                           | CUSIP: 92343VFR0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    109000 | PA      | $95376.59     | 0.08%             | 2031-01-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                          | FIFTH THIRD BANCORP                              | CUSIP: 316773DD9<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |     53000 | PA      | $51514.33     | 0.05%             | 2027-11-01      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| United States of America                                     | U S TREASURY NOTE                                | CUSIP: 91282CJJ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3394000 | PA      | $3509608.13   | 3.07%             | 2033-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPERATING LLC                            | ENTERPRISE PRODUCTS OPERATING LLC                | CUSIP: 29379VCG6<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |     89000 | PA      | $89781.00     | 0.08%             | 2035-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC.                                        | FREEPORT MCMORAN INC                             | CUSIP: 35671DCH6<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    134000 | PA      | $132775.02    | 0.12%             | 2030-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ONEOK, INC.                                                  | ONEOK INC                                        | CUSIP: 682680CE1<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     58000 | PA      | $57224.67     | 0.05%             | 2034-11-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC.                                         | DENTSPLY SIRONA INC                              | CUSIP: 24906PAA7<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |    129000 | PA      | $118630.89    | 0.10%             | 2030-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TSMC ARIZONA CORPORATION                                     | TSMC ARIZONA CORP                                | CUSIP: 872898AC5<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |     67000 | PA      | $60811.24     | 0.05%             | 2031-10-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| THE CAMPBELL'S COMPANY                                       | CAMPBELL SOUP CO                                 | CUSIP: 134429BG3<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    113000 | PA      | $112889.37    | 0.10%             | 2028-03-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| NXP B.V.                                                     | NXP BV NXP FUNDING LLC NXP USA INC               | CUSIP: 62954HAV0<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | NL        |    162000 | PA      | $161825.43    | 0.14%             | 2029-06-18      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| AT&T INC.                                                    | AT T INC                                         | CUSIP: 00206RKG6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    154000 | PA      | $145752.72    | 0.13%             | 2028-02-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                  | BANK OF AMERICA CORP                             | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    192000 | PA      | $174890.41    | 0.15%             | 2032-04-22      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| United States of America                                     | U S TREASURY NOTE                                | CUSIP: 91282CKF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3548000 | PA      | $3605377.83   | 3.16%             | 2031-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                               | MORGAN STANLEY                                   | CUSIP: 61747YFE0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    255000 | PA      | $262847.01    | 0.23%             | 2034-04-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HP INC.                                                      | HP INC                                           | CUSIP: 40434LAF2<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |     72000 | PA      | $70603.36     | 0.06%             | 2026-06-17      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| ArcelorMittal SA                                             | ARCELORMITTAL SA                                 | CUSIP: 03938LBF0<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |     68000 | PA      | $75743.74     | 0.07%             | 2032-11-29      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Banco Santander, S.A.                                        | BANCO SANTANDER SA                               | CUSIP: 05964HAM7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |     63000 | PA      | $58341.09     | 0.05%             | 2031-03-25      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| HUMANA INC.                                                  | HUMANA INC                                       | CUSIP: 444859BZ4<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    107000 | PA      | $111546.45    | 0.10%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| THE ALLSTATE CORPORATION                                     | ALLSTATE CORP THE                                | CUSIP: 020002BD2<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |     93000 | PA      | $92068.36     | 0.08%             | 2026-12-15      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| THE CHARLES SCHWAB CORPORATION                               | CHARLES SCHWAB CORP THE                          | CUSIP: 808513BY0<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |     93000 | PA      | $90999.96     | 0.08%             | 2027-03-03      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| UBS AG LONDON BRANCH                                         | UBS AG LONDON                                    | CUSIP: 902674ZW3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    139000 | PA      | $145277.87    | 0.13%             | 2028-09-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB COMPANY                                 | BRISTOL MYERS SQUIBB CO                          | CUSIP: 110122DZ8<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |     61000 | PA      | $66350.44     | 0.06%             | 2033-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corporation                                 | TRUIST FINANCIAL CORP                            | CUSIP: 89788MAE2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    148000 | PA      | $139433.76    | 0.12%             | 2029-06-07      | Fixed         | 1.89%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES L.P.                                         | VICI PROPERTIES NOTE                             | CUSIP: 92564RAE5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    115000 | PA      | $111188.90    | 0.10%             | 2030-08-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERATING, LP                              | WESTERN MIDSTREAM OPERATING LP                   | CUSIP: 958667AE7<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |     71000 | PA      | $75045.84     | 0.07%             | 2033-04-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY                           | HEWLETT PACKARD ENTERPRISE CO                    | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |     74000 | PA      | $73394.17     | 0.06%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                  | BANK OF AMERICA CORP                             | CUSIP: 06051GLV9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    238000 | PA      | $241889.43    | 0.21%             | 2027-09-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| HUBBELL INCORPORATED                                         | HUBBELL INC                                      | CUSIP: 443510AJ1<br>LEI: 54930088VDQ6840Y6597 | Long             | DBT              | CORP              | US        |    115000 | PA      | $113380.64    | 0.10%             | 2028-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION                                           | ORACLE CORP                                      | CUSIP: 68389XCE3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    109000 | PA      | $100155.35    | 0.09%             | 2031-03-25      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                     | LLOYDS BANKING GROUP PLC                         | CUSIP: 539439AX7<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    208000 | PA      | $215738.28    | 0.19%             | 2029-03-06      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| BIO-RAD LABORATORIES, INC.                                   | BIO RAD LABORATORIES INC                         | CUSIP: 090572AR9<br>LEI: 549300ZC1GPV35XYDK53 | Long             | DBT              | CORP              | US        |    115000 | PA      | $113411.49    | 0.10%             | 2027-03-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| United States of America                                     | U S TREASURY BOND                                | CUSIP: 912810TX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5828000 | PA      | $5379972.50   | 4.71%             | 2054-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                                | GOLDMAN SACHS GROUP INC THE                      | CUSIP: 38141GZM9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    140000 | PA      | $128417.81    | 0.11%             | 2033-02-24      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                       | CVS HEALTH CORP                                  | CUSIP: 126650DH0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    111000 | PA      | $110061.91    | 0.10%             | 2027-04-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| U.S. BANCORP                                                 | US BANCORP                                       | CUSIP: 91159HJL5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     58000 | PA      | $58240.82     | 0.05%             | 2034-02-01      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| FEDEX CORPORATION                                            | FEDEX CORP                                       | CUSIP: 31428XCL8<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44447.53     | 0.04%             | 2034-01-15      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| Eastern Energy Gas Holdings, LLC                             | EASTERN ENERGY GAS HOLDINGS LLC                  | CUSIP: 27636AAB8<br>LEI: 549300BFOD6TDMVV4O24 | Long             | DBT              | CORP              | US        |     83000 | PA      | $87340.90     | 0.08%             | 2035-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORPORATION                                        | SOLVENTUM CORP                                   | CUSIP: 83444MAN1<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |     37000 | PA      | $37599.40     | 0.03%             | 2027-02-25      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| EXELON CORPORATION                                           | EXELON CORP                                      | CUSIP: 30161NAX9<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    213000 | PA      | $210715.38    | 0.18%             | 2030-04-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| THE DOW CHEMICAL COMPANY                                     | DOW CHEMICAL CO THE                              | CUSIP: 260543DP5<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100440.14    | 0.09%             | 2036-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| RELIANCE, INC.                                               | RELIANCE STEEL ALUMINUM CO                       | CUSIP: 759509AG7<br>LEI: 549300E287ZOFT3C5Z56 | Long             | DBT              | CORP              | US        |     64000 | PA      | $57459.46     | 0.05%             | 2030-08-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BRANCH                             | DEUTSCHE BANK AG NEW YORK NY                     | CUSIP: 25160PAM9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    109000 | PA      | $111775.83    | 0.10%             | 2027-09-09      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Pfizer Investment Enterprises Pte. Ltd.                      | PFIZER INVESTMENT ENTERPRISES PTE LTD            | CUSIP: 716973AC6<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    147000 | PA      | $148655.41    | 0.13%             | 2028-05-19      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                         | JPMORGAN CHASE CO                                | CUSIP: 46647PBX3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    106000 | PA      | $93703.88     | 0.08%             | 2032-02-04      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS, INC.                        | NEXTERA ENERGY CAPITAL HOLDINGS INC              | CUSIP: 65339KAT7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123961.66    | 0.11%             | 2027-05-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Brookfield Finance Inc.                                      | BROOKFIELD FINANCE INC                           | CUSIP: 11271LAH5<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |     99000 | PA      | $90362.92     | 0.08%             | 2031-04-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Duke Energy Carolinas, LLC                                   | DUKE ENERGY CAROLINAS LLC                        | CUSIP: 26442CAX2<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    111000 | PA      | $110984.86    | 0.10%             | 2028-11-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| LOWE'S COMPANIES, INC.                                       | LOWE S COS INC                                   | CUSIP: 548661EL7<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |     66000 | PA      | $67520.01     | 0.06%             | 2033-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                       | CVS HEALTH CORP                                  | CUSIP: 126650DN7<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     78000 | PA      | $68468.81     | 0.06%             | 2030-08-21      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corporation                                 | TRUIST FINANCIAL CORP                            | CUSIP: 89788MAM4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    109000 | PA      | $110517.28    | 0.10%             | 2034-01-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT COMPANY                                | FLORIDA POWER LIGHT CO                           | CUSIP: 341081GG6<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |     69000 | PA      | $61967.78     | 0.05%             | 2032-02-03      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| LOWE'S COMPANIES, INC.                                       | LOWE S COS INC                                   | CUSIP: 548661EA1<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    135000 | PA      | $123201.84    | 0.11%             | 2031-04-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN, INC.                                          | BROWN BROWN INC                                  | CUSIP: 115236AM3<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56575.83     | 0.05%             | 2035-06-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LIMITED                                            | AIRCASTLE LTD                                    | CUSIP: 00928QAS0<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |     68000 | PA      | $67835.90     | 0.06%             | 2026-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NORTHERN TRUST CORPORATION                                   | NORTHERN TRUST CORP                              | CUSIP: 665859AW4<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |    128000 | PA      | $128220.73    | 0.11%             | 2027-05-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARS, INCORPORATED                                           | MARS INC                                         | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    223000 | PA      | $227223.62    | 0.20%             | 2030-03-01      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| JABIL INC.                                                   | JABIL INC                                        | CUSIP: 466313AM5<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |     89000 | PA      | $88999.07     | 0.08%             | 2027-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                           | ENERGY TRANSFER LP                               | CUSIP: 29273RBK4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    111000 | PA      | $110873.45    | 0.10%             | 2027-04-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HOLDINGS PLC                              | SANTANDER UK GROUP HOLDINGS PLC                  | CUSIP: 80281LAP0<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |     64000 | PA      | $58486.67     | 0.05%             | 2032-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                             | PHILIP MORRIS INTERNATIONAL INC                  | CUSIP: 718172CZ0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127218.10    | 0.11%             | 2028-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BRANCH                             | DEUTSCHE BANK AG NEW YORK NY                     | CUSIP: 251526CT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     53000 | PA      | $58243.33     | 0.05%             | 2034-02-10      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| WORKDAY, INC.                                                | WORKDAY INC                                      | CUSIP: 98138HAH4<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |    115000 | PA      | $113279.77    | 0.10%             | 2029-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SERVICES, INC.                              | UNIVERSAL HEALTH SERVICES INC                    | CUSIP: 913903AW0<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |     51000 | PA      | $46038.94     | 0.04%             | 2030-10-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN, INC.                                          | BROWN BROWN INC                                  | CUSIP: 115236AG6<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |     16000 | PA      | $16596.40     | 0.01%             | 2034-06-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC.                                                  | ABBVIE INC                                       | CUSIP: 00287YDT3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     71000 | PA      | $73372.68     | 0.06%             | 2031-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS, INC.                                   | CONSTELLATION BRANDS INC                         | CUSIP: 21036PBH0<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    149000 | PA      | $131346.90    | 0.12%             | 2031-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORPORATION                                    | UNION PACIFIC CORP                               | CUSIP: 907818FX1<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |     84000 | PA      | $76917.34     | 0.07%             | 2032-02-14      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORPORATION                                 | LINCOLN NATIONAL CORP                            | CUSIP: 534187BJ7<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |     55000 | PA      | $52238.99     | 0.05%             | 2030-01-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                  | BANK OF AMERICA CORP                             | CUSIP: 59022CAB9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    172000 | PA      | $175279.96    | 0.15%             | 2026-09-15      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| AT&T INC.                                                    | AT T INC                                         | CUSIP: 00206RHJ4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145605.04    | 0.13%             | 2029-03-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                 | BARCLAYS PLC                                     | CUSIP: 06738EBK0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | RF                | GB        |     56000 | PA      | $56696.66     | 0.05%             | 2030-06-20      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE EQUITIES, INC.                        | ALEXANDRIA REAL ESTATE EQUITIES INC              | CUSIP: 015271AU3<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |     80000 | PA      | $81452.28     | 0.07%             | 2030-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY, INC.                                     | MARVELL TECHNOLOGY INC                           | CUSIP: 573874AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    168000 | PA      | $160888.85    | 0.14%             | 2028-04-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| ARROW ELECTRONICS, INC.                                      | ARROW ELECTRONICS INC                            | CUSIP: 042735BF6<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |    165000 | PA      | $163134.35    | 0.14%             | 2028-01-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WILLIS NORTH AMERICA INC.                                    | WILLIS NORTH AMERICA INC                         | CUSIP: 970648AL5<br>LEI: 5493004KVU1HWZCP0C66 | Long             | DBT              | CORP              | US        |    129000 | PA      | $129968.25    | 0.11%             | 2027-06-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| HELMERICH & PAYNE, INC.                                      | HELMERICH PAYNE INC                              | CUSIP: 423452AN1<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | DBT              | CORP              | US        |     59000 | PA      | $57792.86     | 0.05%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| TARGA RESOURCES PARTNERS LP                                  | TARGA RESOURCES PARTNERS                         | CUSIP: 87612BBG6<br>LEI: 6OQWTZ1SPC04IFT4T704 | Long             | DBT              | CORP              | US        |    105000 | PA      | $105126.21    | 0.09%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORPORATION                            | CAPITAL ONE FINANCIAL CO                         | CUSIP: 14040HCG8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     90000 | PA      | $77670.07     | 0.07%             | 2032-07-29      | Fixed         | 2.36%                 | No            |                  2 | On Loan: No      |
| GENUINE PARTS COMPANY                                        | GENUINE PARTS CO                                 | CUSIP: 372460AC9<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |     51000 | PA      | $45213.52     | 0.04%             | 2032-02-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| TAPESTRY, INC.                                               | TAPESTRY INC                                     | CUSIP: 876030AL1<br>LEI: 549300LJNVY5SW3VTN33 | Long             | DBT              | CORP              | US        |     89000 | PA      | $90958.42     | 0.08%             | 2035-03-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LAM RESEARCH CORPORATION                                     | LAM RESEARCH CORP                                | CUSIP: 512807AV0<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |     64000 | PA      | $57819.02     | 0.05%             | 2030-06-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Company                                    | KRAFT HEINZ FOODS CO                             | CUSIP: 50077LBF2<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     58000 | PA      | $57128.97     | 0.05%             | 2031-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP, L.P.                                   | SIMON PROPERTY GROUP LP                          | CUSIP: 828807DM6<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |     95000 | PA      | $85374.15     | 0.07%             | 2031-02-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD.                                          | ATHENE HOLDING LTD                               | CUSIP: 04686JAA9<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |    162000 | PA      | $161668.17    | 0.14%             | 2028-01-12      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC.                                         | TOTAL SYSTEM SERVICES IN                         | CUSIP: 891906AC3<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     66000 | PA      | $66058.98     | 0.06%             | 2026-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC.                                          | ALLY FINANCIAL INC                               | CUSIP: 02005NBR0<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     53000 | PA      | $55750.38     | 0.05%             | 2027-11-15      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                                     | AMERICAN EXPRESS CO                              | CUSIP: 025816CX5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     57000 | PA      | $58074.76     | 0.05%             | 2033-05-26      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Piedmont Natural Gas Company, Inc.                           | PIEDMONT NATURAL GAS CO INC                      | CUSIP: 720186AL9<br>LEI: VXB4M3BDPKF3I2AZ3G89 | Long             | DBT              | CORP              | US        |    119000 | PA      | $116072.99    | 0.10%             | 2029-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS, LLC                                | DISCOVERY COMMUNICATIONS LLC                     | CUSIP: 25470DCC1<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |     94000 | PA      | $86837.73     | 0.08%             | 2030-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB COMPANY                                 | BRISTOL MYERS SQUIBB CO                          | CUSIP: 110122DD7<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    135000 | PA      | $133948.73    | 0.12%             | 2027-11-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL, INC.                                   | COREBRIDGE FINANCIAL INC                         | CUSIP: 21871XAD1<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    145000 | PA      | $143787.02    | 0.13%             | 2027-04-05      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING, LLC                        | CHARTER COMMUNICATIONS OPERATING LLC CHARTER COM | CUSIP: 161175BJ2<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    115000 | PA      | $113241.94    | 0.10%             | 2028-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| B.A.T CAPITAL CORPORATION                                    | BAT CAPITAL CORP                                 | CUSIP: 054989AB4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     51000 | PA      | $55961.79     | 0.05%             | 2033-08-02      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME CORP.                                 | OWL ROCK CORE INCOME CORP                        | CUSIP: 69120VAF8<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124802.13    | 0.11%             | 2027-02-08      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                          | FIFTH THIRD BANCORP                              | CUSIP: 316773DF4<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |     83000 | PA      | $80904.14     | 0.07%             | 2033-04-25      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERATING, LP                              | WESTERN MIDSTREAM OPERATING LP                   | CUSIP: 958667AC1<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |     66000 | PA      | $64365.37     | 0.06%             | 2030-02-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC.                                    | BAXTER INTERNATIONAL INC                         | CUSIP: 071813BQ1<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |     93000 | PA      | $91723.80     | 0.08%             | 2026-08-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| United States of America                                     | U S TREASURY NOTE                                | CUSIP: 91282CEB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8895000 | PA      | $8390486.72   | 7.35%             | 2029-02-28      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND                         | HSBC US GOVT MMKT-I                              | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     13515 | NS      | $13515.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS FINANCIAL GROUP, INC.                               | CITIZENS FINANCIAL GROUP INC                     | CUSIP: 174610BF1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    275000 | PA      | $286624.53    | 0.25%             | 2030-01-23      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION                                           | ORACLE CORP                                      | CUSIP: 68389XBH7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    133000 | PA      | $118427.19    | 0.10%             | 2036-07-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| CARLISLE COMPANIES INCORPORATED                              | CARLISLE COS INC                                 | CUSIP: 142339AJ9<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |     85000 | PA      | $79559.22     | 0.07%             | 2030-03-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                            | NATWEST GROUP PLC                                | CUSIP: 780097BG5<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    153000 | PA      | $155329.61    | 0.14%             | 2029-05-18      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY FLORIDA, LLC                                     | DUKE ENERGY FLORIDA LLC                          | CUSIP: 26444HAE1<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |     66000 | PA      | $65740.71     | 0.06%             | 2028-07-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| SMITH & NEPHEW PLC                                           | SMITH NEPHEW PLC                                 | CUSIP: 83192PAA6<br>LEI: 213800ZTMDN8S67S1H61 | Long             | DBT              | CORP              | GB        |     65000 | PA      | $58146.64     | 0.05%             | 2030-10-14      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                        | INVESCO GVT & AGNCY-INST                         | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     13515 | NS      | $13515.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV, INC.                                                 | FISERV INC                                       | CUSIP: 337738BE7<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |     79000 | PA      | $82781.31     | 0.07%             | 2033-03-02      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| AMCOR FINANCE (USA), INC.                                    | AMCOR FINANCE USA INC                            | CUSIP: 02343UAG0<br>LEI: 549300ZMT7FVT8R77U18 | Long             | DBT              | CORP              | US        |     54000 | PA      | $53758.73     | 0.05%             | 2026-04-28      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| DOC DR, LLC                                                  | PHYSICIANS REALTY LP                             | CUSIP: 71951QAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $57956.17     | 0.05%             | 2031-11-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| United States of America                                     | U S TREASURY NOTE                                | CUSIP: 91282CEP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3952000 | PA      | $3715497.50   | 3.26%             | 2032-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                         | JPMORGAN CHASE CO                                | CUSIP: 46647PEK8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     66000 | PA      | $68192.89     | 0.06%             | 2035-07-22      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| ZOETIS INC.                                                  | ZOETIS INC                                       | CUSIP: 98978VAX1<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100935.29    | 0.09%             | 2035-08-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING, LLC                        | CHARTER COMMUNICATIONS OPERATING LLC             | CUSIP: 161175BU7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |     89000 | PA      | $80253.49     | 0.07%             | 2031-04-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORPORATION                              | TOYOTA MOTOR CREDIT CORP                         | CUSIP: 89236TLM5<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    105000 | PA      | $106727.40    | 0.09%             | 2034-01-05      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                           | ENERGY TRANSFER LP                               | CUSIP: 29273VAU4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     77000 | PA      | $84288.67     | 0.07%             | 2033-12-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                         | JPMORGAN CHASE CO                                | CUSIP: 46647PDY9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     80000 | PA      | $88073.60     | 0.08%             | 2034-10-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                               | MORGAN STANLEY                                   | CUSIP: 61772BAB9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    236000 | PA      | $232275.44    | 0.20%             | 2027-05-04      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORPORATION                                      | HF SINCLAIR CORP                                 | CUSIP: 403949AS9<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |     99000 | PA      | $103457.90    | 0.09%             | 2035-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HCA INC.                                                     | HCA INC                                          | CUSIP: 404119CU1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     43000 | PA      | $44651.03     | 0.04%             | 2034-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE EQUITIES, INC.                        | ALEXANDRIA REAL ESTATE EQUITIES INC              | CUSIP: 015271BE8<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51385.33     | 0.05%             | 2035-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JBS USA Holding Lux S.a r.l.                                 | JBS USA FOOD FINANCE                             | CUSIP: 46590XAY2<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |     70000 | PA      | $73052.70     | 0.06%             | 2033-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| THE J. M. SMUCKER COMPANY                                    | J M SMUCKER CO THE                               | CUSIP: 832696AW8<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |    145000 | PA      | $152304.95    | 0.13%             | 2028-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Victory Portfolios II

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer