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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
_________________________________________
FORM 11-K
_________________________________________

(Mark One)
☑                ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2024

OR

o                   TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from______to______

Commission File Number:  001-01011

A. Full title of the plan and the address of the plan, if different from that of the issuer named below:

CVS HEALTH FUTURE FUND 401(k) PLAN
(formerly known as the 401(k) Plan and the Employee Stock Ownership Plan of CVS Health Corporation and Affiliated Companies)

________________________________________

B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

cvs_health.jpg
CVS HEALTH CORPORATION

One CVS Drive
Woonsocket, RI 02895






CVS HEALTH FUTURE FUND 401(k) PLAN
YEARS ENDED DECEMBER 31, 2024 AND 2023


TABLE OF CONTENTS
  Page
   
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 
   
FINANCIAL STATEMENTS:  
   
Statements of Net Assets Available for Benefits 
   
Statements of Changes in Net Assets Available for Benefits 
   
Notes to Financial Statements 
   
SUPPLEMENTAL SCHEDULE:  
   
Schedule H, Line 4i - Schedule of Assets (Held at End of Year) 
   
INDEX TO EXHIBITS 
   
SIGNATURES 
   






Report of Independent Registered Public Accounting Firm
 
To the Plan Participants and the Plan Administrator of
CVS Health Future Fund 401(k) Plan

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of CVS Health Future Fund 401(k) Plan (the Plan) as of December 31, 2024 and 2023, and the related statements of changes in net assets available for benefits for the years then ended, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2024 and 2023, and the changes in its net assets available for benefits for the years then ended, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Supplemental Schedule Required by ERISA

The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2024 (referred to as the “supplemental schedule”), has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The information in the supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the information, we evaluated whether such information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the information is fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ Ernst & Young LLP
We have served as the Plan’s auditor since 2008.
Boston, Massachusetts
June 26, 2025


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CVS HEALTH FUTURE FUND 401(k) PLAN

Statements of Net Assets Available for Benefits
December 31, 2024 and 2023
20242023
Assets:  
Investments at fair value:  
Mutual funds (Note 2 (b))$9,446,229,019 $8,705,070,432 
Common stock (Note 2 (b))5,669,570,669 5,455,164,836 
Corporate bonds (Note 2 (b))483,462,432 485,113,891 
U.S. government securities (Note 2 (b))902,698,858 755,599,121 
Other securities (Note 2 (b))27,900,512 34,264,001 
Common collective trust funds (Note 2 (b))10,445,008,641 8,983,277,579 
Total investments at fair value26,974,870,131 24,418,489,860 
Fully benefit-responsive investments at contract value: 
Synthetic guaranteed investment contracts (Note 2 (b))2,636,956,605 2,848,499,358 
Total fully benefit-responsive investments at contract value2,636,956,605 2,848,499,358 
Total investments29,611,826,736 27,266,989,218 
Receivables: 
Interest and dividends (Note 2 (f))16,188,989 14,591,994 
Notes receivable from participants (Note 2 (h) and Note 4)432,247,975 402,252,310 
Employer contributions9,539,961 19,503,554 
Employee contributions18,105,581 35,171,295 
Total receivables476,082,506 471,519,153 
Total assets30,087,909,242 27,738,508,371 
Liabilities:
Accrued expenses and other liabilities23,021,700 20,837,216 
Pending securities settlements (Note 2 (g))2,546,947 3,857,080 
Total liabilities25,568,647 24,694,296 
Net assets available for benefits$30,062,340,595 $27,713,814,075 

See accompanying notes to financial statements.

2

CVS HEALTH FUTURE FUND 401(k) PLAN

Statements of Changes in Net Assets Available for Benefits
Years Ended December 31, 2024 and 2023
20242023
Investment activity:  
Interest and dividend income (Note 2 (f))$479,444,660 $434,554,949 
Net appreciation in value of investments (Note 2 (f))
2,633,916,140 3,107,087,009 
Total investment activity3,113,360,800 3,541,641,958 
Participant loan interest (Note 4)30,313,048 22,130,163 
Contributions:
Employer contributions (Note 1 (c))558,308,804 565,851,699 
Employee contributions (Note 1 (c))1,104,297,150 1,092,133,890 
Rollovers126,371,057 120,937,560 
Total contributions1,788,977,011 1,778,923,149 
Total income
4,932,650,859 5,342,695,270 
Deductions:
Benefits paid to participants (Notes 1 (f) and 2 (c))2,540,259,087 1,983,208,323 
Administrative expenses (Note 1 (g))43,865,252 42,598,332 
Total deductions2,584,124,339 2,025,806,655 
Net increase in net assets for the year
2,348,526,520 3,316,888,615 
Net assets beginning of the year27,713,814,075 24,396,925,460 
Net assets end of the year$30,062,340,595 $27,713,814,075 

See accompanying notes to financial statements.

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CVS HEALTH FUTURE FUND 401(k) PLAN

Notes to Financial Statements
Years Ended December 31, 2024 and 2023

1.Plan Description

The following description of the CVS Health Future Fund 401(k) Plan (the “Plan” or “Future Fund”) provides only general information. Participants should refer to the Plan documents for a more complete description of the Plan’s provisions.

(a)Background
The Plan was established as of January 1, 1989. The Plan is a defined contribution plan subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended. The general administration of the Plan and the responsibility for carrying out the provisions of the Plan are maintained by a committee (the “Benefit Plans Committee”) of not less than three persons appointed by the Board of Directors of CVS Health Corporation (“CVS Health”, and, together with its subsidiaries, the “Company”), the sponsor of the Plan. In accordance with the provisions of the Plan, the Benefit Plans Committee has appointed an Administrative Subcommittee (the “Plan Administrator”) and Investment Subcommittee and delegated certain fiduciary duties and responsibilities to each of the Subcommittees. The Vanguard Group, Inc. has been appointed as the recordkeeper to assist with administering the Plan (the “Recordkeeper”) and the Bank of New York Mellon has been appointed as the directed trustee of the Plan (the “Trustee”). The Recordkeeper maintains participant account records and provides the Trustee daily files to execute fund level transactions. The Trustee holds the assets of the Plan and executes transactions at the direction of the Recordkeeper and Plan Administrator.

(b)Eligibility
Eligible employees who have attained age 18 are able to participate in the Plan for purposes of making their own salary deferral contributions as of the first of the month following their employment date.

Eligible employees are defined as regular employees of the Company other than:
•A nonresident alien receiving no United States (“U.S.”) earned income from the Company;
•A resident of Puerto Rico;
•An individual covered under a collective bargaining agreement where retirement benefits were the subject of good faith bargaining (unless the agreement provides for membership);
•A leased employee (as defined in the Internal Revenue Code (the “Code”);
•A temporary employee (as determined by the Company); or
•An independent contractor or consultant (as defined by the Company).

(c)Contributions
Participants may direct the Company to contribute 401(k) and/or Roth contributions (“elective deferrals”) to their accounts as a percentage of their eligible compensation as defined in the Plan. Percentages can be elected in multiples of 1%, with a minimum participant contribution percentage of 1%, pursuant to a salary reduction agreement. Each participant’s total elective deferrals for any calendar year may not exceed the lesser of 75% of eligible compensation or the maximum elective deferral allowed by the Code. The maximum elective deferral amount allowed by the Code was $23,000 for 2024 and $22,500 for 2023. All employees that are age 50 or over before December 31 of the calendar year are permitted to make additional catch-up contributions of up to $7,500 for each of 2024 and 2023.

Plan participants making elective deferrals are eligible to receive Company matching contributions with the first administratively feasible payroll date following the completion of one year of service with the Company. One year of service is defined as either:

•12 months of service, beginning on the employee's employment date, during which the employee completed at least 1,000 hours of service, or
•1,000 hours of service in any plan year following the calendar year in which the employee was hired.

The Plan provides a match of 100% up to 5% of an employee’s eligible compensation contributed to the Plan per payroll. The maximum annual match per participant was $17,250 for 2024 and $16,500 for 2023.

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(d)Participant’s Account
Each participant’s account is credited with an allocable share of the participant’s selected Plan investments and any unrealized appreciation or depreciation and interest and dividends of those investments, net of administrative expenses.

(e)Vesting
Participants are 100% vested at all times in participant and Company matching contributions.

Participants are always fully vested in and have a non-forfeitable right to (1) their accounts upon retirement, death or disability, (2) any elective deferrals described in Note 1(c) and (3) any rollover amounts they make to the Plan.

(f)Payment of Benefits
Upon termination of employment, a participant may contact the Recordkeeper to elect to have their benefit paid under one or more options, such as a single lump sum (including a rollover) or in equal annual installments over a period not to exceed the participant’s expected lifetime.

(g)Administrative Expenses
Administrative expenses specifically attributable to the Plan and not covered by forfeitures were funded by the Plan for 2024 and 2023. Recordkeeping and Trustee’s fees were paid by the Plan for 2024 and 2023.

(h)    Investment Options
Upon enrollment in the Plan, a participant elects to direct contributions or investment balances to the investment fund options offered by and subject to the restrictions under the Plan. Participants may modify investment elections daily thereafter, subject to certain trading restrictions. The Plan’s investments are composed of guaranteed insurance contracts, common stock, including CVS Health common stock, marketable mutual funds, common collective trust (“CCT”) funds, U.S government securities, corporate bonds, other securities and separately managed funds (composed of marketable securities). The following is a brief explanation of each fund’s investment objectives:

Core Equity Fund
The investment seeks to track the performance of a benchmark index that measures the investment return of large capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the Standard & Poor’s 500 Index, a widely recognized benchmark of U.S. stock market performance that is dominated by the stocks of large U.S. companies. The advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

CVS Health Stock Fund
The fund invests in CVS Health common stock to provide participants the possibility of long-term growth through increases in the value of the stock and the reinvestment of its dividends. At the time of contribution, participant deferrals into the CVS Health Stock Fund are limited to 20% of eligible compensation.

Diversified Bond Fund
This custom white label fund of funds seeks a stable rate of return and capital appreciation through investment in high quality bonds and other debt instruments. It is co-managed by Loomis Sayles (50%) and Dodge & Cox (50%). Intermediate-term bond portfolios invest primarily in corporate and other investment-grade U.S. fixed-income issues and typically have durations of 3.5 to 6.0 years. These portfolios are less sensitive to interest rates, and therefore less volatile, than portfolios that have longer durations.

Emerging Markets Index Fund
The investment seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in emerging market countries. The fund employs an indexing investment approach designed to track the performance of the FTSE Emerging Markets All Cap China A Inclusion Index, a market-capitalization-weighted index that is made up of approximately 3,500 common stocks of large, mid, and small cap companies located in emerging markets around the world. The fund invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the index in terms of key characteristics. These key characteristics include industry weightings and market capitalization, as well as certain financial measures, such as price/earnings ratio and dividend yield.


5

International Equity Fund
This custom white label fund of funds seeks long-term growth of capital through investment in foreign (non-U.S.) equity securities. It also invests in depository receipts and companies located in emerging market countries. The fund is co-managed by First Eagle (25%), American Funds (23%), Vanguard (22%), Hartford (20%) and Allspring Global Investments (10%). Foreign large blend portfolios invest in a variety of large cap international stocks. Most of these portfolios divide their assets among a dozen or more developed markets, including Japan, Britain, France, and Germany. These portfolios primarily invest in stocks that have market caps in the top 70% of each economically integrated market (such as Europe or Asia ex-Japan). The blend style is assigned to portfolios where neither growth nor value characteristics predominate. These portfolios typically will have less than 20% of assets invested in U.S. stocks.

International Equity Index Fund
The investment seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in the major markets of Europe, the Pacific Region, and Canada. The fund employs a “passive management” or indexing-investment approach designed to track the performance of the Financial Times Stock Exchange Group Developed All Cap ex US Index, which includes approximately 3,800 common stocks of companies located in Europe, Australia, Asia, and Canada. It attempts to replicate the target index by investing in all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Large Cap Core Fund
This custom white label fund of funds seeks long-term capital appreciation in excess of the Russell 1000 Index over a full market cycle primarily through investments in a diverse portfolio of large market capitalization U.S. stocks. The multi-manager approach brings diversification to the fund and helps protect it from single-manager risk. The fund is sub-advised by complementary asset managers comprised of Columbia Threadneedle (25%), T. Rowe Price (20%), Barrow Hanley (15%), MFS (20%) and Wellington (20%).

Mid Cap Index Fund
The investment seeks to track the performance of a benchmark index that measures the investment return of mid capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the Center for Research in Security Prices US Mid Cap Index, a broadly diversified index of stocks of midsize U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Real Asset Index Fund
The fund seeks to offer broad, cost-effective exposure to commodities, global natural resource equities, global infrastructure equities, U.S. commercial real estate securities, and U.S. inflation linked bonds. The fund employs an indexing investment approach designed to track the performance of a custom index, which is made up of: 25% Bloomberg Roll Select Commodity Index, 25% S&P Global Large Midcap Commodity and Resources Index, 15% Dow Jones U.S. Select REIT Index, 25% Bloomberg Barclays U.S. Treasury Inflation-Protected Securities (“TIPS”) Index, and 10% S&P Global Infrastructure Index. The allocation across the five broad asset classes seeks to provide a long-term return while targeting a level of risk relative to longer-dated U.S. TIPS.

Small Cap Index Fund
The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Index, a broadly diversified index of stocks of small U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Small Mid Cap Core Fund
This custom white label fund of funds seeks long-term capital appreciation in excess of the Russell 2500 Index over a full market cycle primarily through investment in a diverse portfolio of small- and mid-size capitalization U.S. stocks. The multi-manager approach brings diversification to the fund and helps protect it from single-manager risk. The fund is sub-advised by complementary asset managers comprised of EARNEST Partners Small Cap Value (20%), MFS Mid Cap Value Equity (20%), Snyder Capital Mgt Small/Mid Cap Value (25%), Baron Discovery Strategy (20%) and DF Dent Mid Cap Growth (15%).

6

Socially Responsible Fund
The investment seeks to track the performance of a benchmark index that measures the investment return of large and midcapitalization stocks and invests primarily in securities of companies that meet the fund's environmental, social and governance criteria. The fund employs a passive management or indexing investment approach designed to track the performance of the S&P 500 Index. The index is composed primarily of large and mid cap stocks that have been screened for certain social and environmental criteria. The fund attempts to replicate the index by investing all, or substantially all, of its assets in the stocks that make up the index.

Stable Value Fund
The fund’s investment objectives are preservation of principal, consistent returns and a stable credited rate of interest. Managed by Invesco, the fund is primarily comprised of highly rated (AA or higher) insurance company and bank investment contracts issued by financial institutions and other eligible stable value investments that seek to provide participants with safety of principal and accrued interest as well as a stable crediting rate. All contract issuers and securities utilized in the portfolio are rated investment grade at time of purchase.

Target Date Funds
The Target Date Funds seek to provide both income and capital appreciation by investing in multiple asset classes, including stocks, bonds, and cash investments. Target Date Funds provide a diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind for retirement. Target Date Funds are custom funds aimed to provide investors with an optimal level of return and risk, based solely on the target date. The Target Date Funds are custom funds of funds and invest in other Future Fund investment options and management adjusts the allocation among asset classes to more conservative mixes as the target date approaches, following a preset glide path. A Target Date Fund is part of a suite of funds offering multiple retirement dates to investors. The Plan’s ten Target Date Funds include a Target Date Retirement Fund as well as Target Date Funds in five-year increments (2020-2065).

U.S. Bond Index Fund
The investment seeks to track the performance of a broad, market-weighted bond index. The fund employs an indexing investment approach designed to track the performance of Bloomberg Barclays U.S. Aggregate Bond Index. It invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the full index in terms of key risk factors and other characteristics. The fund invests at least 80% of assets in bonds held in the index. It maintains a dollar-weighted average maturity consistent with that of the index, ranging between 5 and 10 years.

2.    Summary of Significant Accounting Policies

(a)Basis of Presentation
The Plan prepares its financial statements in accordance with accounting principles generally accepted in the United States of America (“GAAP”), which include the application of accrual accounting.
(b)Investment Valuation
The value of the investments held at December 31, 2024 and 2023 are stated at fair value with the exception of the fully benefit-responsive investment contracts. Shares of mutual funds are valued at quoted market prices, which represent the net asset values of shares held by the Plan at year-end. Common stock is valued based upon quoted market prices.

Corporate bonds are valued at fair value using quoted prices for similar assets and liabilities in active markets, quoted prices for identical assets and liabilities in markets that are not active, inputs that are observable for the asset or liability that are not prices (such as interest rates and credit risks), or unobservable inputs based upon management’s best estimate of inputs market participants could use in pricing the asset or liability.

U.S. Government and other securities are valued at fair value using quoted prices for identical assets and liabilities in active markets, quoted prices for similar assets and liabilities in active markets, quoted prices for identical assets and liabilities in markets that are not active, or inputs that are observable for the asset or liability that are not prices (such as interest rates and credit risks).

Common collective trust (“CCT”) funds are valued at the net asset value (“NAV”) and reported by the respective funds at each valuation date.
7

The Plan invests in fully benefit-responsive synthetic guaranteed investment contracts (“synthetic GICs”) which are investment contracts issued by an insurance company, or other financial institution, backed by a portfolio of bonds that are owned by the Plan. Contract value is the relevant measurement attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. The contract value of the fully benefit-responsive investment contracts represents contributions plus earnings, less participant withdrawals and administrative expenses.

Refer to Note 3 for further information related to the valuation of investments.

(c)Benefits Paid
Distributions of benefits are recorded when paid.

(d)Use of Estimates
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of changes in net assets available for benefits during the reporting period. Actual results could differ from those estimates.

(e)Accrual Basis of Accounting
The Plan utilizes the accrual basis of accounting.

(f)Investment Income
Dividend and interest income is recorded when earned. Net appreciation and depreciation include the Plan’s gains and losses on investments bought and sold as well as held at the end of the year.

(g)Purchases and Sales of Securities
Purchases and sales of securities are made on a trade-date basis. Due to timing of settlements, there may be pending transactions as of the financial statement date that result in a receivable or payable to the Plan.

(h)Notes Receivable from Participants
Notes receivable from participants represent participant loans that are recorded at their unpaid principal balance plus any accrued but unpaid interest. Notes receivable are collateralized by the participant’s account balance and bear interest at a market rate (Prime + 1%). If a participant ceases to make loan repayments, the outstanding loan balance will be deemed defaulted and result in a taxable event to the participant.

3.    Fair Value Measurements

The Plan uses the three-level hierarchy for the recognition and disclosure of fair value measurements. The categorization of assets and liabilities within this hierarchy is based upon the lowest level of input that is significant to the measurement of fair value. The three levels of the fair value hierarchy consist of the following:

•Level 1 - Inputs to the valuation methodology are unadjusted quoted prices in active markets for identical assets or liabilities that the Plan has the ability to access at the measurement date.
•Level 2 - Inputs to the valuation methodology are quoted prices for similar assets and liabilities in active markets, quoted prices in markets that are not active, or inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the instrument.
•Level 3 - Inputs to the valuation methodology are unobservable inputs based upon management’s best estimate of inputs market participants could use in pricing the asset or liability at the measurement date, including assumptions about risk.

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Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2024 and 2023.

Mutual funds: Valued at the NAV of shares held by the Plan at year-end which are reported on an active market (level 1).

Common stock: Valued at the closing price reported on the active market on which the individual securities are traded (level 1).

Corporate bonds: Valued at observable quoted prices and inputs (level 2).

U.S. Government securities: Valued at unadjusted closing prices reported on active markets (level 1) or observable quoted prices and inputs (level 2).

Other securities: Valued at observable quoted prices and inputs (level 2).

CCT funds: Valued at the NAV and reported by the respective funds at each valuation date (level 1).

The market value of CVS Health common stock was $44.89 and $78.96 per share at December 31, 2024 and 2023, respectively. The following tables set forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2024 and 2023:
 December 31, 2024
 
Level 1
Level 2
Level 3
Total
Mutual funds$9,446,229,019 $— $— $9,446,229,019 
Common stock5,669,570,669 — — 5,669,570,669 
Corporate bonds— 483,462,432 — 483,462,432 
U.S. government securities419,842,643 482,856,215 — 902,698,858 
Other securities— 27,900,512 — 27,900,512 
CCT funds10,445,008,641 — — 10,445,008,641 
Total investments at fair value$25,980,650,972 $994,219,159 $— 26,974,870,131 
Synthetic GICs   2,636,956,605 
Total investments at contract value   2,636,956,605 
Total investments   $29,611,826,736 
 December 31, 2023
 
Level 1
Level 2
Level 3
Total
Mutual funds$8,705,070,432 $— $— $8,705,070,432 
Common stock5,455,164,836 — — 5,455,164,836 
Corporate bonds— 485,113,891 — 485,113,891 
U.S. government securities314,451,461 441,147,660 — 755,599,121 
Other securities— 34,264,001 — 34,264,001 
CCT funds8,983,277,579 — — 8,983,277,579 
Total investments at fair value$23,457,964,308 $960,525,552 $— 24,418,489,860 
Synthetic GICs   2,848,499,358 
Total investments at contract value   2,848,499,358 
Total investments   $27,266,989,218 





9

4.     Notes Receivable from Participants

Participants may obtain loans from the Plan utilizing funds accumulated in their accounts. The minimum amount that may be borrowed is $1,000. Participants can borrow up to 50% of their vested account balance but not more than $50,000, less their highest outstanding loan balance during the previous twelve months. The loans are repaid to the Plan through after-tax payroll deductions and direct repayments to the Recordkeeper. The term of the loan is selected at the discretion of the participant, but may not exceed five years for a general loan and twenty-five years for a primary residence loan. Participants may have two loans outstanding at any time, but no more than one primary residence loan. Interest on loans is equal to the Prime Rate as of the prior month-end plus 1%.

5.    Investment Policy

At December 31, 2024 and 2023, the Plan’s 401(k)-related assets were allocated among the investment options discussed in Note 1(h) based on participants’ investment elections. The investment options are recommended by an independent investment consultant and approved by the Investment Subcommittee. Notes receivable from participants repayments and interest earned are allocated to each of the investment funds based upon the participant contribution election percentages.

6.    Plan Termination and Related Commitments

Although it has not expressed any intention to do so, the Company has the right under the Plan to discontinue its contributions or terminate the Plan subject to applicable notice requirements and in accordance with the provisions of ERISA. If the Company terminates the Plan, all participants in the Plan become fully vested.

7.    Federal Income Taxes

The Plan received a determination letter from the Internal Revenue Service (“IRS”) dated February 16, 2017, confirming the 2016 amended and restated document was qualified under Section 401(a) of the Code and, therefore, the related trust is exempt from taxation. The Plan has been further amended and restated, most recently as of January 1, 2021, to comply with all laws since the last determination letter in 2017. The IRS no longer allows for an interim determination letter request following a restatement. The Plan Administrator believes the Plan, as most recently amended and restated, conforms with, and is being operated in compliance with, the applicable requirements of the Code and, therefore, the Plan, as amended, is qualified and the related trust is tax exempt.

GAAP requires plan management to evaluate uncertain tax positions taken by the Plan and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan Administrator has analyzed the tax positions taken by the Plan and has concluded that, as of December 31, 2024, there are no uncertain tax positions taken or expected to be taken. The Plan has recognized no interest related to uncertain tax positions. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

8.    Transactions with Parties-In-Interest

As of December 31, 2024 and 2023, certain Plan investments are investment funds managed by the Plan’s Trustee. The Plan also invests in shares of CVS Health’s common stock and records associated dividend income. Although these transactions qualify as party-in-interest transactions, they are exempt from the prohibited transaction rule under ERISA.

9.    Reconciliation of Financial Statements to Form 5500

The following is a reconciliation of the net assets available for benefits per the financial statements to the Form 5500 as of December 31, 2024 and 2023:
20242023
Net assets available for benefits per the financial statements$30,062,340,595 $27,713,814,075 
Adjustment from contract value to fair value for certain fully benefit-responsive
investment contracts		— (149,696,346)
Net assets available for benefits per the Form 5500$30,062,340,595 $27,564,117,729 



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The following is a reconciliation of total income per the financial statements to total income per the Form 5500 for the year ended December 31, 2024:
 2024
Total income per the financial statements
$4,932,650,859 
Net change on adjustment from contract value to fair value for certain fully benefit-responsive investment contracts149,696,346 
Total income per the Form 5500
$5,082,347,205 

10.    Investment Contracts with Insurance Companies

The Plan holds a portfolio of investment contracts which include synthetic guaranteed investment contracts. These contracts meet the fully benefit-responsive investment contract criteria and, therefore, are reported at contract value. Contract value is the relevant measure for fully benefit-responsive investment contracts because this is the amount received by participants when they initiate permitted transactions under the terms of the Plan. Contract value represents contributions made under each contract, plus earnings, less withdrawals.

Synthetic guaranteed investment contracts are issued by insurance companies or other financial institutions, backed by a portfolio of bonds. The bond portfolio may be structured as a fixed income separately managed account or collective fund. The bond portfolio is owned directly by the Plan. The issuer guarantees that all qualified participant withdrawals will be at contract value and that the crediting rate applied will not be less than 0%. Crediting rates are typically reset monthly to account for the difference between the contract value and the fair value of the underlying portfolio.

If the Plan defaults in its obligations under the contract (including the issuer's determination that the agreement constitutes a nonexempt prohibited transaction as defined under ERISA), and such default is not corrected within the time permitted by the contract, then the contract may be terminated by the issuer and the Plan will receive the fair value as of the date of termination. Each contract recognizes certain "events of default" which can invalidate the contracts' coverage. Among these are investments outside of the range of instruments which are permitted under the investment guidelines contained in the investment contract, fraudulent or other material misrepresentations made to the issuer, changes of control of the investment adviser not approved by the contract issuer, changes in certain key regulatory requirements, delivery of any communication to plan participants to influence a participant not to invest in the stable value option, termination of the plan or failure of the Plan to be tax qualified.

The contracts also generally provide for withdrawals associated with certain events which are not in the ordinary course of Plan operations. These withdrawals are paid with a market value adjustment applied to the withdrawal as defined in the investment contract. Each contract issuer specifies the events which may trigger a market value adjustment; however, such events may include, but not be limited to, the following:

•The redemption of all or a portion of the interests in the Plan at the direction of the plan sponsor, including partial termination of the plan, withdrawals due to the removal of a specifically identifiable group of employees from coverage under the plan (such as a group layoff or early retirement incentive program), the closing or sale of a subsidiary, employing unit, or affiliate, or the bankruptcy or insolvency of the plan sponsor.

At this time, the occurrence of any such market value adjustment event is not probable.

11.     Risks and Uncertainties

The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits.


11


CVS HEALTH FUTURE FUND 401(k) PLAN

SUPPLEMENTAL SCHEDULE
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2024
Plan Number: 017 EIN 05-0494040
FundPar value /number of sharesIdentity of issueDescription
Current Value
Small Cap Index Fund61,652,720 
Vanguard Small Cap Index Fund*
Mutual Fund$1,226,416,495 
Mid Cap Index Fund 132,545,334 
Vanguard Mid Cap Index Fund*
Mutual Fund2,781,044,998 
International Equity Index Fund184,286,427 
Vanguard International Growth Fund Admiral Shares*
Mutual Fund2,842,314,805 
Inflation-Protected Bond Fund9,845,409 
Vanguard Inflation-Protected Securities Fund*
Mutual Fund116,468,978 
Socially Responsible Fund7,112,769 
Vanguard FTSE Social Index Fund*
Mutual Fund188,070,898 
Core Equity Fund283,824,100 
Vanguard Institutional 500 Index Trust Fund*
Common Collective Trust Fund7,350,148,146 
U.S. Bond Index Fund260,910,468 
Vanguard Total Bond Market Index Trust Fund*
Common Collective Trust Fund2,797,042,660 
Real Asset Index Fund9,636,144 
State Street Real Asset Non-Lending Series Fund - Class A
Common Collective Trust Fund131,996,969 
Emerging Markets Index Fund59,819,098 
Vanguard Emerging Markets Index Fund*
Mutual Fund682,853,191 
CVS Health Stock Fund13,214,048 CVS Health Common StockCVS Health Corporation Common Stock593,178,615 
13,252,196 EB Temporary Investment Fund *Common Collective Trust Fund13,252,196 
Stable Value FundInvesco Voya Core, Invesco Floating PortfolioSeparately Managed Fund
1,000,000 AGL ENERGY LTD SER C GTD SR NTSynthetic$947,696 
1,000,000 DALRYMPLE BAY FIN PTY LTDSynthetic924,625 
1,000,000 TFORCE HLDGS INCSynthetic930,717 
2,000,000 TRAFIGURA FDG S ASynthetic1,874,577 
711,572 ERGON PERU S A CSynthetic646,465 
1,000,000 AMERICAN TRANSMISSION CO LLCSynthetic905,955 
1,000,000 ARTHUR J GALLAGHER &CO SR NT QSynthetic988,982 
666,667 BASIN ELEC PWR COOPSynthetic666,094 
1,000,000 LA STAD FIN CO LLCSynthetic961,547 
1,000,000 LASALLE PPTY FD REIT INCSynthetic940,576 
1,000,000 LION INDL PPTYS LPSynthetic986,433 
1,000,000 MCKINSEY + CO INCSynthetic990,553 
1,000,000 NORTHWESTERN CORPSynthetic907,118 
1,000,000 PORTLAND GENERAL ELECTRIC COSynthetic902,311 
1,000,000 SHERMAN FINL GROUP LLC / CR ONSynthetic933,915 
1,000,000 SOLAR SR CAP LTDSynthetic995,271 
2,000,000 TEXAS-NEW MEXICO PWR COSynthetic1,774,158 
2,000,000 VECTOR LTDSynthetic1,666,348 
4,066,186 
EB Temporary Investment Fund *
Common Collective Trust Fund4,066,186 
2,000,000 BANK OF NOVA SCOTIA/THESynthetic2,020,920 
4,857,000 BANK OF MONTREALSynthetic4,911,447 
2,000,000 BANK OF NOVA SCOTIA/THESynthetic2,001,000 
2,000,000 MASTER CREDIT CARD T 1A A 144ASynthetic2,006,283 
1,250,000 ROYAL BANK OF CANADASynthetic1,259,838 
275,472 CARLYLE GLOBAL MA 1A A1RR 144ASynthetic275,615 
1,111,486 SYMPHONY STATIC CLO 1A A 144ASynthetic1,112,222 
3,000,000 MITSUBISHI UFJ FINANCIAL GROUPSynthetic3,002,520 
4,000,000 SUMITOMO MITSUI FINANCIAL GROUSynthetic4,047,880 
1,000,000 PIKES PEAK CLO 12 L 12A A 144ASynthetic1,003,653 
5,000,000 ING GROEP NVSynthetic5,014,750 
1,500,000 BARCLAYS PLCSynthetic1,517,580 
12

2,368,000 LLOYDS BANKING GROUP PLCSynthetic2,395,587 
2,000,000 STANDARD CHARTERED PLC 144ASynthetic2,033,700 
3,000,000 AMERICAN EXPRESS COSynthetic3,001,620 
2,000,000 AMERICAN EXPRESS COSynthetic2,010,720 
1,500,000 ATHENE GLOBAL FUNDING 144ASynthetic1,508,370 
1,500,000 ATHENE GLOBAL FUNDING 144ASynthetic1,500,000 
1,441,000 BMW US CAPITAL LLC 144ASynthetic1,446,188 
5,000,000 BANK OF AMERICA CORPSynthetic5,024,850 
3,860,000 BARCLAYS DRYROCK ISSUANCE 2 ASynthetic3,875,710 
465,000 BRISTOL-MYERS SQUIBB COSynthetic466,144 
2,472,571 CHESAPEAKE FUNDING 1A A2 144ASynthetic2,487,233 
5,000,000 CITIGROUP INCSynthetic5,009,300 
3,855,000 CITIBANK CREDIT CARD ISS A6 A6Synthetic3,899,949 
1,500,000 CITIBANK NASynthetic1,505,115 
1,740,178 CITIGROUP MORTGAGE 1 A11 144ASynthetic1,744,406 
882,000 CONSOLIDATED EDISON CO OF NEWSynthetic887,080 
1,356,000 JOHN DEERE CAPITAL CORPSynthetic1,356,786 
4,000,000 JOHN DEERE CAPITAL CORPSynthetic4,011,520 
1,046,773 FHLMC MULTICLASS STRIP 350 F2Synthetic1,027,094 
1,129,308 FNMA GTD REMIC P/T 18-57 FASynthetic1,096,219 
567,807 FHLMC MULTICLASS MTG 4477 FGSynthetic555,605 
336,437 FHLMC MULTICLASS MTG 4497 CFSynthetic334,930 
620,560 FHLMC MULTICLASS MTG KF64 ASynthetic620,268 
479,348 FHLMC MULTICLASS MTG 4911 FMSynthetic468,601 
2,816,548 FHLMC MULTICLASS MTG KF157 ASSynthetic2,825,956 
41,246 FORD CREDIT AUTO OWNER T A A2BSynthetic41,252 
3,500,000 FORD CREDIT FLOORPLA 3 A2 144ASynthetic3,512,530 
5,000,000 GMF FLOORPLAN OWNER 1 A2 144ASynthetic5,054,950 
1,138,000 GENERAL MOTORS FINANCIAL CO INSynthetic1,140,765 
2,254,000 GOLDMAN SACHS GROUP INC/THESynthetic2,258,463 
2,372,000 GOLDMAN SACHS GROUP INC/THESynthetic2,396,218 
1,256,000 HYUNDAI CAPITAL AMERICA 144ASynthetic1,263,511 
3,000,000 HYUNDAI CAPITAL AMERICA 144ASynthetic3,008,310 
895,000 ILPT COMMERCIAL MO LPF2 A 144ASynthetic897,515 
1,152,699 JP MORGAN MORTGAGE 1 A11 144ASynthetic1,070,811 
1,342,026 JP MORGAN MORTGAGE 3 A11 144ASynthetic1,230,530 
3,062,231 JP MORGAN CHASE C WPT AFL 144ASynthetic2,964,454 
2,000,000 JPMORGAN CHASE & COSynthetic2,022,560 
1,500,000 JPMORGAN CHASE & COSynthetic1,508,565 
1,500,000 JPMORGAN CHASE & COSynthetic1,508,295 
1,712,562 JP MORGAN MORTGAGE 5 A11 144ASynthetic1,713,127 
4,199,646 LIFE 2021-BMR MORTG BMR A 144ASynthetic4,147,150 
2,500,000 MERCEDES-BENZ FINANCE NOR 144ASynthetic2,506,650 
1,351,000 MORGAN STANLEY BANK NASynthetic1,354,013 
4,750,000 MORGAN STANLEYSynthetic4,783,013 
3,000,000 NATIONAL RURAL UTILITIES COOPESynthetic3,029,310 
2,000,000 NATIONAL RURAL UTILITIES COOPESynthetic2,011,320 
1,605,348 NELNET STUDENT LOA BA AFL 144ASynthetic1,600,372 
1,452,032 NELNET STUDENT LOA DA AFL 144ASynthetic1,444,278 
5,000,000 NEW YORK LIFE GLOBAL FUND 144ASynthetic5,037,750 
2,864,000 NEXTERA ENERGY CAPITAL HOLDINGSynthetic2,879,437 
2,250,000 NEXTGEAR FLOORPLAN 1A A1 144ASynthetic2,263,568 
4,216,000 PACIFIC LIFE GLOBAL FUNDI 144ASynthetic4,228,522 
1,147,000 PINNACLE WEST CAPITAL CORPSynthetic1,151,680 
1,073,000 PUBLIC STORAGE OPERATING COSynthetic1,074,942 
3,500,000 RLGH TRUST 2021-TR TROT A 144ASynthetic3,481,975 
1,040,552 SLM STUDENT LOAN TRUST 20 6 A3Synthetic1,029,688 
5,235,000 SMRT 2022-MINI MINI A 144ASynthetic5,221,913 
3,000,000 CHARLES SCHWAB CORP/THESynthetic2,998,680 
5,000,000 CHARLES SCHWAB CORP/THESynthetic5,054,850 
3,518,054 SMB PRIVATE EDUCATI B A1B 144ASynthetic3,563,261 
1,578,923 SMB PRIVATE EDUCATI C A1B 144ASynthetic1,596,843 
13

2,445,316 SMB PRIVATE EDUCATI F A1B 144ASynthetic2,446,245 
4,819,000 STATE STREET CORPSynthetic4,854,034 
2,000,000 TOYOTA MOTOR CREDIT CORPSynthetic2,001,000 
6,000,000 U S TREASURY NOTESynthetic6,001,500 
30,000,000 U S TREASURY NOTESynthetic30,009,900 
53,000,000 U S TREASURY NOTESynthetic53,056,180 
3,000,000 VERIZON MASTER TRUST 4 A1BSynthetic3,020,820 
1,689,000 VERIZON MASTER TRUST 5 A1BSynthetic1,693,560 
2,000,000 VERIZON MASTER TRUST 1 A1BSynthetic2,005,920 
5,000,000 VOLKSWAGEN GROUP OF AMERI 144ASynthetic5,009,900 
3,000,000 VOLKSWAGEN GROUP OF AMERI 144ASynthetic2,998,830 
4,000,000 WELLS FARGO COM NXS5 A6FL 144ASynthetic3,981,440 
5,000,000 WELLS FARGO & COSynthetic5,016,900 
2,430,340 
EB Temporary Investment Fund *
Common Collective Trust Fund2,430,340 
Mass Mutual
125,320,889 IGT Jennison Short Term Bond FundSynthetic90,712,456 
255,679,247 IGT Pimco Intermediate FundSynthetic185,071,241 
88,128,410 IGT Dodge and Cox Core Fixed Income FundSynthetic63,790,997 
Mass MutualWrapper Contract #30096, 3.36%20,198,199 
Met Tower Life
254,679,814 IGT Invesco Intermediate FundSynthetic184,605,481 
123,910,245 IGT Jennison Short Term Bond FundSynthetic89,816,739 
90,649,529 IGT Pimco Core Fixed Income FundSynthetic65,707,602 
Met Tower LifeWrapper Contract #39835, 3.25%20,613,150 
PAC Life
125,297,103 IGT Jennison Short Term Bond FundSynthetic90,907,297 
256,380,904 IGT Loomis Sayles Intermediate FundSynthetic186,013,040 
88,112,600 IGT Dodge and Cox Core Fixed Income FundSynthetic63,928,679 
Pacific Life InsWrapper Contract G-027843.01.0001, 3.40%19,508,661 
Prudential
256,709,818 IGT Jennison Intermediate FundSynthetic185,538,048 
125,454,561 IGT Jennison Short Term Bond FundSynthetic90,672,786 
88,561,711 IGT Pimco Core Fixed Income FundSynthetic64,008,331 
Prudential Ins CoWrapper Contract GA-64259, 3.16%20,297,229 
Voya
325,681,415 IGT Invesco Short Term Bond FundSynthetic262,131,961 
159,231,025 IGT Invesco Core Fixed Income FundSynthetic128,160,647 
Voya Retirement & AnnuityWrapper Contract #60512, 3.31%23,739,271 
State Street
344,352,291 IGT Invesco Short Term Bond FundSynthetic302,893,401 
144,782,478 IGT Loomis Sayles Core Fixed Income FundSynthetic127,351,141 
State Street BankWrapper Contract #200001, 3.28%22,992,592 
InvescoWrapper Contract15,940,356 
47,472,818 
EB Temporary Investment Fund *
Common Collective Trust Fund47,472,818 
Stable Value Fund Subtotal$2,690,925,949 
Diversified Bond Fund Loomis Sayles, Dodge & Cox Separately Managed Fund
1,880,000 TRANSCANADA TRUST
Corporate Debt Instruments
$1,864,914 
14

2,100,000 TRANSCANADA TRUST
Corporate Debt Instruments
2,072,014 
3,605,000 TRANSCANADA TRUST
Corporate Debt Instruments
3,459,875 
1,620,000 TRANSCANADA TRUST
Corporate Debt Instruments
1,556,775 
815,000 BNP PARIBAS SA 144A
Corporate Debt Instruments
805,952 
510,000 BNP PARIBAS SA 144A
Corporate Debt Instruments
506,388 
3,760,000 BNP PARIBAS SA 144A
Corporate Debt Instruments
3,700,001 
800,000 BNP PARIBAS SA 144A
Corporate Debt Instruments
669,983 
322,000 FIBERCOP SPA 144A
Corporate Debt Instruments
328,672 
1,344,000 FIBERCOP SPA 144A
Corporate Debt Instruments
1,412,840 
2,070,000 UNICREDIT SPA 144A
Corporate Debt Instruments
2,162,189 
2,775,000 UNICREDIT SPA 144A
Corporate Debt Instruments
2,680,466 
651,000 TELECOM ITALIA CAPITAL SA
Corporate Debt Instruments
672,457 
1,085,000 ULTRAPAR INTERNATIONAL SA 144A
Corporate Debt Instruments
1,069,636 
432,000 ULTRAPAR INTERNATIONAL SA 144A
Corporate Debt Instruments
420,144 
1,500,000 CEMEX SAB DE CV 144A
Corporate Debt Instruments
1,480,018 
1,625,000 CEMEX SAB DE CV 144A
Corporate Debt Instruments
1,555,183 
1,350,000 PETROLEOS MEXICANOS
Corporate Debt Instruments
1,063,283 
4,631,000 PETROLEOS MEXICANOS
Corporate Debt Instruments
4,028,758 
380,000 PETROLEOS MEXICANOS
Corporate Debt Instruments
270,046 
560,000 PETROLEOS MEXICANOS
Corporate Debt Instruments
384,985 
10,950,000 PETROLEOS MEXICANOS
Corporate Debt Instruments
8,261,775 
1,950,000 ENEL FINANCE INTERNATIONA 144A
Corporate Debt Instruments
1,900,424 
1,050,000 PROSUS NV 144A
Corporate Debt Instruments
1,029,685 
3,955,000 PROSUS NV 144A
Corporate Debt Instruments
3,569,841 
4,700,000 PROSUS NV 144A
Corporate Debt Instruments
3,946,297 
450,000 PROSUS NV 144A
Corporate Debt Instruments
401,043 
1,975,000 PROSUS NV 144A
Corporate Debt Instruments
1,540,579 
375,000 UBS GROUP AG 144A
Corporate Debt Instruments
384,841 
625,000 UBS GROUP AG 144A
Corporate Debt Instruments
653,856 
3,300,000 UBS GROUP AG 144A
Corporate Debt Instruments
3,374,938 
675,000 UBS GROUP AG 144A
Corporate Debt Instruments
685,657 
575,000 BARCLAYS PLC
Corporate Debt Instruments
575,639 
925,000 BARCLAYS PLC
Corporate Debt Instruments
908,597 
1,590,000 HSBC HOLDINGS PLC
Corporate Debt Instruments
1,652,715 
1,965,000 HSBC HOLDINGS PLC
Corporate Debt Instruments
2,019,440 
245,000 HSBC HOLDINGS PLC
Corporate Debt Instruments
262,306 
470,000 HSBC HOLDINGS PLC
Corporate Debt Instruments
465,221 
4,255,000 IMPERIAL BRANDS FINANCE P 144A
Corporate Debt Instruments
4,020,560 
1,200,000 IMPERIAL BRANDS FINANCE P 144A
Corporate Debt Instruments
1,232,319 
4,090,000 IMPERIAL BRANDS FINANCE P 144A
Corporate Debt Instruments
4,068,970 
210,000 LLOYDS BANKING GROUP PLC
Corporate Debt Instruments
209,057 
2,145,000 LLOYDS BANKING GROUP PLC
Corporate Debt Instruments
2,132,307 
975,000 BARCLAYS PLC
Corporate Debt Instruments
985,361 
1,000,000 BARCLAYS PLC
Corporate Debt Instruments
1,010,741 
600,000 BARCLAYS PLC
Corporate Debt Instruments
636,898 
1,000,000 BARCLAYS PLC
Corporate Debt Instruments
1,040,424 
1,850,000 HSBC HOLDINGS PLC
Corporate Debt Instruments
1,624,083 
550,000 HSBC HOLDINGS PLC
Corporate Debt Instruments
468,487 
1,625,000 HSBC HOLDINGS PLC
Corporate Debt Instruments
1,525,593 
700,000 HSBC HOLDINGS PLC
Corporate Debt Instruments
787,740 
2,300,000 LLOYDS BANKING GROUP PLC
Corporate Debt Instruments
2,567,989 
3,200,000 NATWEST GROUP PLC
Corporate Debt Instruments
3,053,342 
1,200,000 NATWEST GROUP PLC
Corporate Debt Instruments
1,229,460 
700,000 NATWEST GROUP PLC
Corporate Debt Instruments
713,738 
575,000 NATWEST GROUP PLC
Corporate Debt Instruments
590,139 
740,000 AT&T INC
Corporate Debt Instruments
643,801 
750,000 AT&T INC
Corporate Debt Instruments
518,506 
775,000 AMERICAN ELECTRIC POWER CO INC
Corporate Debt Instruments
778,358 
950,000 ELEVANCE HEALTH INC
Corporate Debt Instruments
938,820 
375,000 BAT CAPITAL CORP
Corporate Debt Instruments
394,472 
1,150,000 BAT CAPITAL CORP
Corporate Debt Instruments
1,215,590 
425,000 BAT CAPITAL CORP
Corporate Debt Instruments
390,464 
15

1,150,000 BAT CAPITAL CORP
Corporate Debt Instruments
992,929 
1,550,000 BAT CAPITAL CORP
Corporate Debt Instruments
1,491,323 
411,312 BNSF RAILWAY CO 2015-1 PA 144A
Corporate Debt Instruments
390,943 
1,305,000 BANK OF AMERICA CORP
Corporate Debt Instruments
1,294,816 
1,675,000 BAYER US FINANCE LLC 144A
Corporate Debt Instruments
1,723,532 
1,150,000 BAYER US FINANCE LLC 144A
Corporate Debt Instruments
1,169,772 
590,000 BAYER US FINANCE II LLC 144A
Corporate Debt Instruments
586,031 
590,000 BAYER US FINANCE II LLC 144A
Corporate Debt Instruments
567,336 
205,000 BOSTON PROPERTIES LP
Corporate Debt Instruments
202,041 
675,000 BOSTON PROPERTIES LP
Corporate Debt Instruments
649,572 
330,000 BOSTON PROPERTIES LP
Corporate Debt Instruments
329,735 
425,000 BOSTON PROPERTIES LP
Corporate Debt Instruments
413,628 
115,000 BOSTON PROPERTIES LP
Corporate Debt Instruments
101,546 
2,410,000 BOSTON PROPERTIES LP
Corporate Debt Instruments
2,119,837 
500,000 BOSTON PROPERTIES LP
Corporate Debt Instruments
521,584 
650,000 BOSTON PROPERTIES LP
Corporate Debt Instruments
681,297 
1,600,000 CCO HOLDINGS LLC / CCO HO 144A
Corporate Debt Instruments
1,346,220 
3,425,000 CCO HOLDINGS LLC / CCO HOLDING
Corporate Debt Instruments
2,946,058 
835,000 CIGNA GROUP/THE
Corporate Debt Instruments
818,276 
190,000 CIGNA GROUP/THE
Corporate Debt Instruments
201,763 
750,000 CRH AMERICA INC 144A
Corporate Debt Instruments
746,004 
325,000 CAPITAL ONE FINANCIAL CORP
Corporate Debt Instruments
324,935 
895,000 CAPITAL ONE FINANCIAL CORP
Corporate Debt Instruments
889,151 
800,000 CAPITAL ONE FINANCIAL CORP
Corporate Debt Instruments
785,172 
4,125,000 CHARTER COMMUNICATIONS OPERATI
Corporate Debt Instruments
3,901,231 
405,000 CHARTER COMMUNICATIONS OPERATI
Corporate Debt Instruments
332,777 
835,000 CHARTER COMMUNICATIONS OPERATI
Corporate Debt Instruments
714,450 
375,000 CHARTER COMMUNICATIONS OPERATI
Corporate Debt Instruments
335,103 
1,630,000 COX COMMUNICATIONS INC 144A
Corporate Debt Instruments
1,628,284 
980,000 COX COMMUNICATIONS INC 144A
Corporate Debt Instruments
956,540 
1,090,000 COX COMMUNICATIONS INC 144A
Corporate Debt Instruments
1,053,770 
1,050,000 COX COMMUNICATIONS INC 144A
Corporate Debt Instruments
865,195 
78,000 DELL INTERNATIONAL LLC / EMC C
Corporate Debt Instruments
79,126 
300,000 DELL INTERNATIONAL LLC / EMC C
Corporate Debt Instruments
308,769 
150,000 DILLARD'S INC
Corporate Debt Instruments
155,510 
90,000 DILLARD'S INC
Corporate Debt Instruments
94,246 
200,000 DILLARD'S INC
Corporate Debt Instruments
207,865 
165,000 DOMINION ENERGY INC
Corporate Debt Instruments
151,814 
1,100,000 DOMINION ENERGY INC
Corporate Debt Instruments
1,055,055 
600,000 DOW CHEMICAL CO/THE
Corporate Debt Instruments
562,655 
1,687,000 FORD CREDIT AUTO OWNER TR B A4
Corporate Debt Instruments
1,702,104 
575,000 FORD MOTOR CREDIT CO LLC
Corporate Debt Instruments
574,647 
950,000 FORD MOTOR CREDIT CO LLC
Corporate Debt Instruments
935,112 
2,250,000 FORD MOTOR CREDIT CO LLC
Corporate Debt Instruments
2,325,165 
725,000 FORD MOTOR CREDIT CO LLC
Corporate Debt Instruments
731,898 
1,550,000 FORD MOTOR CREDIT CO LLC
Corporate Debt Instruments
1,540,405 
1,750,000 FORD MOTOR CREDIT CO LLC
Corporate Debt Instruments
1,735,980 
1,000,000 FORD MOTOR CREDIT CO LLC
Corporate Debt Instruments
988,363 
1,250,000 GE HEALTHCARE TECHNOLOGIES INC
Corporate Debt Instruments
1,300,709 
80,000 HCA INC
Corporate Debt Instruments
80,198 
700,000 HCA INC
Corporate Debt Instruments
667,730 
1,856,000 HYUNDAI AUTO RECEIVABLES C A3
Corporate Debt Instruments
1,848,136 
845,000 JPMORGAN CHASE & CO
Corporate Debt Instruments
836,121 
930,000 JPMORGAN CHASE & CO
Corporate Debt Instruments
923,044 
360,000 KINDER MORGAN ENERGY PARTNERS
Corporate Debt Instruments
376,363 
685,000 KINDER MORGAN ENERGY PARTNERS
Corporate Debt Instruments
742,861 
1,035,000 KINDER MORGAN ENERGY PARTNERS
Corporate Debt Instruments
1,082,635 
490,000 KINDER MORGAN ENERGY PARTNERS
Corporate Debt Instruments
447,492 
625,000 KINDER MORGAN INC
Corporate Debt Instruments
594,325 
450,000 NEXTERA ENERGY CAPITAL HOLDING
Corporate Debt Instruments
450,798 
550,000 NEXTERA ENERGY CAPITAL HOLDING
Corporate Debt Instruments
553,372 
1,275,000 NEXTERA ENERGY CAPITAL HOLDING
Corporate Debt Instruments
1,273,197 
16

1,525,000 NEXTERA ENERGY CAPITAL HOLDING
Corporate Debt Instruments
1,520,342 
1,846,000 NISSAN AUTO RECEIVABLES 2 B A3
Corporate Debt Instruments
1,838,454 
140,000 NORDSTROM INC
Corporate Debt Instruments
143,511 
275,000 PHILIP MORRIS INTERNATIONAL IN
Corporate Debt Instruments
283,342 
325,000 PHILIP MORRIS INTERNATIONAL IN
Corporate Debt Instruments
334,622 
800,000 PHILIP MORRIS INTERNATIONAL IN
Corporate Debt Instruments
801,739 
350,000 PHILIP MORRIS INTERNATIONAL IN
Corporate Debt Instruments
349,530 
250,000 PHILIP MORRIS INTERNATIONAL IN
Corporate Debt Instruments
250,156 
135,000 UNUM GROUP
Corporate Debt Instruments
142,277 
525,000 RTX CORP
Corporate Debt Instruments
551,104 
575,000 RTX CORP
Corporate Debt Instruments
605,625 
204,149 RIO OIL FINANCE TRUST SER 144A
Corporate Debt Instruments
211,125 
1,218,985 RIO OIL FINANCE TRUST SER 144A
Corporate Debt Instruments
1,247,206 
11,466 SMB PRIVATE EDUCATI A A2A 144A
Corporate Debt Instruments
11,362 
794,505 SMB PRIVATE EDUCAT A APT2 144A
Corporate Debt Instruments
704,768 
2,343,442 SMB PRIVATE EDUCATI B A1A 144A
Corporate Debt Instruments
2,318,496 
96,082 SMB PRIVATE EDUCATI B A2A 144A
Corporate Debt Instruments
94,526 
73,018 SMB PRIVATE EDUCATI A A2A 144A
Corporate Debt Instruments
71,815 
22,945 SMB PRIVATE EDUCATI B A2A 144A
Corporate Debt Instruments
22,568 
2,556,550 SMB PRIVATE EDUCATI A A1A 144A
Corporate Debt Instruments
2,547,655 
575,000 SOUTHERN CO/THE
Corporate Debt Instruments
575,872 
2,110,000 T-MOBILE USA INC
Corporate Debt Instruments
1,985,209 
1,075,000 T-MOBILE USA INC
Corporate Debt Instruments
1,044,123 
1,000,000 T-MOBILE USA INC
Corporate Debt Instruments
933,359 
1,000,000 T-MOBILE USA INC
Corporate Debt Instruments
907,697 
2,690,000 TIME WARNER CABLE LLC
Corporate Debt Instruments
2,638,253 
1,843,000 TOYOTA AUTO RECEIVABLES 2 C A3
Corporate Debt Instruments
1,855,661 
55,000 UNUM GROUP
Corporate Debt Instruments
57,923 
54,088 UNION PACIFIC RAILROAD CO 2006
Corporate Debt Instruments
54,394 
62,604 UNION PACIFIC RAILROAD CO 2007
Corporate Debt Instruments
63,938 
825,000 VMWARE LLC
Corporate Debt Instruments
781,507 
915,000 WELLS FARGO & CO
Corporate Debt Instruments
905,169 
1,120,000 WELLS FARGO & CO
Corporate Debt Instruments
1,104,229 
2,855,000 BANK OF AMERICA CORP
Corporate Debt Instruments
2,510,040 
3,525,000 BANK OF AMERICA CORP
Corporate Debt Instruments
3,123,013 
950,000 CAPITAL ONE FINANCIAL CORP
Corporate Debt Instruments
946,872 
775,000 CAPITAL ONE FINANCIAL CORP
Corporate Debt Instruments
800,412 
1,150,000 CAPITAL ONE FINANCIAL CORP
Corporate Debt Instruments
1,269,978 
485,000 CITIGROUP INC
Corporate Debt Instruments
466,187 
675,000 CITIGROUP INC
Corporate Debt Instruments
688,201 
3,275,000 GOLDMAN SACHS GROUP INC/THE
Corporate Debt Instruments
3,185,311 
70,000 JPMORGAN CHASE & CO
Corporate Debt Instruments
63,054 
2,595,000 JPMORGAN CHASE & CO
Corporate Debt Instruments
2,529,012 
480,000 JPMORGAN CHASE & CO
Corporate Debt Instruments
422,648 
3,795,000 JPMORGAN CHASE & CO
Corporate Debt Instruments
3,394,829 
6,162,501 NAVIENT STUDENT LOAN 5A A 144A
Corporate Debt Instruments
6,217,831 
786,051 NAVIENT STUDENT LOAN 2A A 144A
Corporate Debt Instruments
789,320 
572,940 NAVIENT STUDENT LOA 4A A3 144A
Corporate Debt Instruments
573,095 
1,045,781 NAVIENT STUDENT LOAN 5A A 144A
Corporate Debt Instruments
1,036,584 
477,740 NAVIENT STUDENT LOA 1A A3 144A
Corporate Debt Instruments
473,203 
843,670 NAVIENT STUDENT LOAN 1A A 144A
Corporate Debt Instruments
838,779 
975,924 NAVIENT STUDENT LOAN 7A A 144A
Corporate Debt Instruments
983,054 
1,626,715 NAVIENT STUDENT LOA 3A A3 144A
Corporate Debt Instruments
1,635,374 
790,296 NAVIENT STUDENT LOA 6A A3 144A
Corporate Debt Instruments
799,983 
946,961 NAVIENT STUDENT LOA 1A A3 144A
Corporate Debt Instruments
955,399 
979,302 NAVIENT STUDENT LOA 3A A3 144A
Corporate Debt Instruments
975,832 
810,453 NAVIENT STUDENT LOA 4A A2 144A
Corporate Debt Instruments
803,760 
1,646,747 NAVIENT STUDENT LOA 2A A2 144A
Corporate Debt Instruments
1,644,767 
267,707 NAVIENT STUDENT LOAN 3A A 144A
Corporate Debt Instruments
268,322 
274,072 NAVIENT STUDENT LOA 4A A2 144A
Corporate Debt Instruments
271,684 
4,973,966 NAVIENT STUDENT LO 1A A1B 144A
Corporate Debt Instruments
4,937,505 
225,308 SLM STUDENT LOAN T 3A A6A 144A
Corporate Debt Instruments
225,341 
17

433,916 SLM STUDENT LOAN TR 8A A6 144A
Corporate Debt Instruments
430,037 
375,735 SLM STUDENT LOAN TRUST 2 9 A7A
Corporate Debt Instruments
375,755 
67,585 SLM STUDENT LOAN TRUST 201 3 A
Corporate Debt Instruments
67,446 
77,458 SLM STUDENT LOAN TRUST 20 2 A2
Corporate Debt Instruments
77,558 
575,000 CHARLES SCHWAB CORP/THE
Corporate Debt Instruments
586,688 
300,000 CHARLES SCHWAB CORP/THE
Corporate Debt Instruments
309,084 
1,025,000 CHARLES SCHWAB CORP/THE
Corporate Debt Instruments
1,052,400 
1,275,000 CHARLES SCHWAB CORP/THE
Corporate Debt Instruments
1,328,749 
1,575,000 SOUTHERN CO/THE
Corporate Debt Instruments
1,588,077 
2,875,000 SOUTHERN CO/THE
Corporate Debt Instruments
2,817,336 
1,800,000 SOUTHERN CO/THE
Corporate Debt Instruments
1,723,713 
330,000 WELLS FARGO & CO
Corporate Debt Instruments
297,797 
310,000 WELLS FARGO & CO
Corporate Debt Instruments
273,402 
650,000 WELLS FARGO & CO
Corporate Debt Instruments
569,949 
1,250,000 WELLS FARGO & CO
Corporate Debt Instruments
1,207,017 
2,175,000 WELLS FARGO & CO
Corporate Debt Instruments
2,179,832 
1,635,000 ELANCO ANIMAL HEALTH INC
Corporate Debt Instruments
1,657,254 
1,820,000 VODAFONE GROUP PLC
Corporate Debt Instruments
1,863,809 
575,000 JPMORGAN CHASE & CO
Corporate Debt Instruments
674,346 
170,100 CITIGROUP CAPITAL XIII
Corporate Debt Instruments
5,097,897 
1,325,000 COLOMBIA GOVERNMENT INTERNATIO
Other Investments
973,875 
775,000 COLOMBIA GOVERNMENT INTERNATIO
Other Investments
519,638 
500,000 COLOMBIA GOVERNMENT INTERNATIO
Other Investments
488,950 
1,550,000 COLOMBIA GOVERNMENT INTERNATIO
Other Investments
1,501,408 
1,115,000 CALIFORNIA ST
Other Investments
1,317,967 
850,000 CALIFORNIA ST
Other Investments
967,815 
380,000 CALIFORNIA ST
Other Investments
447,767 
3,524,706 ILLINOIS ST
Other Investments
3,474,973 
290,000 NEW JERSEY ST TURNPIKE AUTH TU
Other Investments
332,223 
1,045,000 NEW JERSEY ST TURNPIKE AUTH TU
Other Investments
1,167,032 
38,738 FHLMC POOL #G3-0683U.S. Government Securities37,685 
66,737 FHLMC POOL #G0-6875U.S. Government Securities67,593 
58,100 FHLMC POOL #G0-6447U.S. Government Securities56,384 
33,973 FHLMC POOL #G0-7775U.S. Government Securities32,675 
259,342 FHLMC POOL #G0-7942U.S. Government Securities249,438 
52,023 FHLMC POOL #G0-8607U.S. Government Securities50,035 
61,291 FHLMC POOL #G0-8696U.S. Government Securities58,949 
98,091 FHLMC POOL #G0-8699U.S. Government Securities91,180 
43,928 FHLMC POOL #G0-8707U.S. Government Securities40,832 
69,929 FHLMC POOL #C9-1765U.S. Government Securities68,043 
57,414 FHLMC POOL #C9-1769U.S. Government Securities55,851 
40,309 FHLMC POOL #C9-1795U.S. Government Securities39,116 
44,237 FHLMC POOL #C9-1382U.S. Government Securities43,891 
59,303 FHLMC POOL #C9-1395U.S. Government Securities58,077 
35,240 FHLMC POOL #C9-1862U.S. Government Securities33,474 
68,604 FHLMC POOL #C9-1841U.S. Government Securities65,269 
90,194 FHLMC POOL #C9-1853U.S. Government Securities85,643 
2,900,375 FHLMC POOL #SD-0752U.S. Government Securities2,393,990 
15,896,474 FHLMC POOL #SD-1581U.S. Government Securities12,961,754 
2,815,877 FHLMC POOL #SD-7530U.S. Government Securities2,331,119 
9,844,291 FHLMC POOL #SD-7536U.S. Government Securities8,157,182 
5,065,662 FHLMC POOL #SD-8113U.S. Government Securities3,972,969 
3,980,828 FHLMC POOL #SD-8140U.S. Government Securities3,118,903 
10,364,883 FHLMC POOL #SD-8221U.S. Government Securities9,181,444 
6,237,007 FHLMC POOL #SD-8202U.S. Government Securities5,551,999 
9,481,555 FHLMC POOL #SD-8214U.S. Government Securities8,398,821 
11,599,446 FHLMC POOL #SD-8255U.S. Government Securities10,265,280 
4,822,031 FHLMC POOL #SD-8256U.S. Government Securities4,412,526 
1,193,787 FHLMC POOL #SD-8243U.S. Government Securities1,057,438 
26,761,642 FHLMC POOL #SD-8244U.S. Government Securities24,504,993 
3,790,703 FHLMC POOL #SD-8266U.S. Government Securities3,569,319 
413,842 FHLMC POOL #G3-0804U.S. Government Securities402,565 
18

58,818 FHLMC POOL #G3-0964U.S. Government Securities55,941 
77,257 FHLMC POOL #V8-3157U.S. Government Securities73,670 
164,632 FHLMC POOL #V8-3204U.S. Government Securities156,864 
152,867 FHLMC POOL #Q4-8372U.S. Government Securities146,740 
34,104 FHLMC POOL #G6-0819U.S. Government Securities33,097 
130,260 FHLMC POOL #G6-0887U.S. Government Securities126,414 
77,895 FHLMC POOL #G6-0153U.S. Government Securities74,770 
75,735 FHLMC POOL #G6-0198U.S. Government Securities72,843 
42,388 FHLMC POOL #G6-0342U.S. Government Securities41,137 
53,922 FHLMC POOL #G6-0384U.S. Government Securities51,863 
97,749 FHLMC POOL #G6-0914U.S. Government Securities94,864 
89,151 FHLMC POOL #G6-0920U.S. Government Securities85,745 
152,381 FHLMC POOL #G6-1185U.S. Government Securities146,431 
118,495 FHLMC POOL #G6-1169U.S. Government Securities113,966 
57,226 FHLMC POOL #G6-1220U.S. Government Securities53,291 
36,669 FHLMC POOL #G6-1230U.S. Government Securities34,083 
115,099 FHLMC POOL #G6-1289U.S. Government Securities106,998 
129,962 FHLMC POOL #G6-1290U.S. Government Securities120,804 
120,845 FHLMC POOL #QB-0320U.S. Government Securities99,667 
184,118 FHLMC POOL #QB-0354U.S. Government Securities152,423 
330,234 FHLMC POOL #RA-2623U.S. Government Securities273,386 
414,483 FHLMC POOL #RA-2892U.S. Government Securities343,131 
856,303 FHLMC POOL #RA-2957U.S. Government Securities674,016 
463,734 FHLMC POOL #RA-3019U.S. Government Securities382,466 
15,330,482 FHLMC POOL #RA-3050U.S. Government Securities12,067,072 
1,012,161 FHLMC POOL #RA-3454U.S. Government Securities796,691 
2,969,476 FNMA GTD REMIC P/T 18-28 PTU.S. Government Securities2,651,558 
4,027,389 FHLMC MULTICLASS MTG 5175 CAU.S. Government Securities3,403,475 
56,892 FNMA POOL #0555424U.S. Government Securities57,341 
192,753 FNMA POOL #0AH6790U.S. Government Securities186,813 
161,751 FNMA POOL #0AL4160U.S. Government Securities160,219 
90,317 FNMA POOL #0AL5441U.S. Government Securities86,641 
152,066 FNMA POOL #0AL5856U.S. Government Securities147,092 
118,631 FNMA POOL #0AL5862U.S. Government Securities117,592 
301,041 FNMA POOL #0AL5863U.S. Government Securities290,791 
76,900 FNMA POOL #0AL5958U.S. Government Securities75,173 
81,078 FNMA POOL #0AL6138U.S. Government Securities79,176 
73,109 FNMA POOL #0AL6148U.S. Government Securities70,771 
179,005 FNMA POOL #0AL7147U.S. Government Securities171,839 
57,761 FNMA POOL #0AL6886U.S. Government Securities55,480 
139,282 FNMA POOL #0AL6932U.S. Government Securities134,591 
62,063 FNMA POOL #0AL7049U.S. Government Securities59,613 
41,456 FNMA POOL #0AL7205U.S. Government Securities40,580 
205,126 FNMA POOL #0AL7384U.S. Government Securities198,548 
212,091 FNMA POOL #0AL9840U.S. Government Securities203,337 
135,656 FNMA POOL #0AL9128U.S. Government Securities131,016 
92,232 FNMA POOL #0AL9407U.S. Government Securities88,480 
115,807 FNMA POOL #0AL9579U.S. Government Securities112,241 
63,929 FNMA POOL #0AL8338U.S. Government Securities61,405 
42,162 FNMA POOL #0AL8675U.S. Government Securities40,864 
127,319 FNMA POOL #0AL8830U.S. Government Securities124,455 
48,670 FNMA POOL #0AS2275U.S. Government Securities46,747 
46,445 FNMA POOL #0AS4099U.S. Government Securities44,610 
112,848 FNMA POOL #0AS5841U.S. Government Securities104,754 
115,870 FNMA POOL #0AS5842U.S. Government Securities107,559 
212,153 FNMA POOL #0AS8983U.S. Government Securities203,333 
60,355 FNMA POOL #0AS8700U.S. Government Securities57,908 
155,799 FNMA POOL #0AS8833U.S. Government Securities149,515 
25,668 FNMA POOL #0AU6687U.S. Government Securities25,210 
66,859 FNMA POOL #0AX7607U.S. Government Securities62,119 
56,421 FNMA GTD REMIC P/T 10-123 WTU.S. Government Securities58,183 
42,815 FNMA POOL #0725228U.S. Government Securities43,755 
19

57,889 FNMA POOL #0725330U.S. Government Securities59,082 
186,110 FNMA POOL #0BF0107U.S. Government Securities176,678 
169,831 FNMA POOL #0BF0118U.S. Government Securities161,224 
121,149 FNMA POOL #0BF0199U.S. Government Securities116,376 
209,625 FNMA POOL #0BJ9262U.S. Government Securities200,000 
38,690 FNMA POOL #0BM1063U.S. Government Securities37,499 
56,619 FNMA POOL #0BM1106U.S. Government Securities54,875 
80,396 FNMA POOL #0BM1176U.S. Government Securities77,919 
129,184 FNMA POOL #0BM1357U.S. Government Securities123,984 
81,473 FNMA POOL #0BM1647U.S. Government Securities78,052 
65,375 FNMA POOL #0BM3363U.S. Government Securities60,338 
317,378 FNMA POOL #0BM3386U.S. Government Securities294,617 
696,805 FNMA POOL #0BM4804U.S. Government Securities673,866 
55,263 FNMA POOL #0BM5117U.S. Government Securities52,737 
142,768 FNMA POOL #0BM5704U.S. Government Securities140,484 
1,364,755 FNMA POOL #0BU8931U.S. Government Securities1,209,084 
2,139,350 FNMA POOL #0BV5583U.S. Government Securities1,959,096 
71,623 FNMA POOL #0CA5443U.S. Government Securities62,699 
785,823 FNMA POOL #0CA6035U.S. Government Securities650,541 
9,640,297 FNMA POOL #0CA6329U.S. Government Securities7,980,723 
8,968,107 FNMA POOL #0CA6564U.S. Government Securities7,424,257 
7,767,026 FNMA POOL #0CA8099U.S. Government Securities6,137,311 
3,783,145 FNMA POOL #0CA7241U.S. Government Securities3,131,854 
6,037,233 FNMA POOL #0CA7728U.S. Government Securities4,993,669 
6,293,072 FNMA POOL #0CA8441U.S. Government Securities4,966,295 
12,471,426 FNMA POOL #0CB3576U.S. Government Securities10,697,055 
2,959,604 FNMA POOL #0CB3595U.S. Government Securities2,627,839 
234,382 FNMA POOL #0FM3473U.S. Government Securities193,431 
539,353 FNMA POOL #0FM3478U.S. Government Securities446,503 
7,396,441 FNMA POOL #0FM7599U.S. Government Securities6,614,736 
442,710 FNMA POOL #0FM8768U.S. Government Securities365,122 
3,948,287 FNMA POOL #0FS1083U.S. Government Securities3,256,951 
17,782,269 FNMA POOL #0FS1453U.S. Government Securities15,851,771 
14,773,719 FNMA POOL #0FS2140U.S. Government Securities13,117,441 
9,079,193 FNMA POOL #0FS3427U.S. Government Securities8,339,045 
4,253,887 FNMA POOL #0FS3743U.S. Government Securities3,759,525 
3,345,127 FNMA POOL #0FS7754U.S. Government Securities3,059,552 
62,636 FNMA POOL #0995788U.S. Government Securities63,082 
64,802 FNMA POOL #0MA0792U.S. Government Securities64,309 
94,918 FNMA POOL #0MA0816U.S. Government Securities94,043 
92,154 FNMA POOL #0MA1689U.S. Government Securities89,500 
147,418 FNMA POOL #0MA1764U.S. Government Securities143,140 
135,491 FNMA POOL #0MA1773U.S. Government Securities131,540 
162,333 FNMA POOL #0MA1662U.S. Government Securities157,695 
171,248 FNMA POOL #0MA1814U.S. Government Securities166,483 
104,220 FNMA POOL #0MA1858U.S. Government Securities101,319 
123,623 FNMA POOL #0MA1890U.S. Government Securities120,125 
63,093 FNMA POOL #0MA1960U.S. Government Securities61,280 
198,996 FNMA POOL #0MA1983U.S. Government Securities193,293 
107,643 FNMA POOL #0MA2019U.S. Government Securities104,533 
144,985 FNMA POOL #0MA2055U.S. Government Securities140,762 
129,814 FNMA POOL #0MA2079U.S. Government Securities126,007 
131,575 FNMA POOL #0MA2121U.S. Government Securities127,485 
68,138 FNMA POOL #0MA2141U.S. Government Securities66,003 
42,762 FNMA POOL #0MA2447U.S. Government Securities40,579 
45,405 FNMA POOL #0MA2480U.S. Government Securities43,871 
369,280 FNMA POOL #0MA2923U.S. Government Securities352,144 
51,812 FNMA POOL #0MA3894U.S. Government Securities50,684 
4,295,468 FNMA POOL #0MA4626U.S. Government Securities3,933,919 
4,451,643 FNMA POOL #0MA4600U.S. Government Securities3,943,865 
3,563,577 FNMA POOL #0MA4654U.S. Government Securities3,157,100 
4,629,329 FNMA POOL #0MA4631U.S. Government Securities3,938,741 
20

3,915,677 FNMA POOL #0MA4700U.S. Government Securities3,585,496 
2,804,333 FNMA POOL #0MA4732U.S. Government Securities2,567,859 
4,070,580 FNMA POOL #0MA4933U.S. Government Securities3,601,225 
61,462 FNMA POOL #0AD8529U.S. Government Securities58,876 
121,752 FNMA POOL #0AE3049U.S. Government Securities118,001 
26,840 FNMA POOL #0AE4624U.S. Government Securities25,315 
61,840 FREDDIE MAC SEASONED CR 4 M45TU.S. Government Securities58,964 
1,185,421 GNMA GTD REMIC P/T 10-115 ZU.S. Government Securities1,142,480 
4,245,000 U S TREASURY BONDU.S. Government Securities2,973,822 
5,124,000 U S TREASURY BONDU.S. Government Securities3,682,675 
5,908,000 U S TREASURY BONDU.S. Government Securities4,882,177 
915,000 U S TREASURY BONDU.S. Government Securities744,688 
4,120,133 US TREAS-CPI INFLATU.S. Government Securities3,300,929 
7,755,000 U S TREASURY BONDU.S. Government Securities6,314,872 
30,247,000 U S TREASURY BONDU.S. Government Securities26,984,814 
2,200,000 U S TREASURY BONDU.S. Government Securities2,180,063 
22,444,000 U S TREASURY BONDU.S. Government Securities20,509,958 
9,418,000 U S TREASURY BONDU.S. Government Securities8,998,605 
6,900,000 U S TREASURY BONDU.S. Government Securities6,696,234 
9,949,000 U S TREASURY BONDU.S. Government Securities9,013,172 
11,199,000 U S TREASURY BONDU.S. Government Securities10,870,029 
3,527,000 U S TREASURY NOTEU.S. Government Securities3,473,544 
6,446,000 U S TREASURY NOTEU.S. Government Securities6,240,534 
11,500,000 U S TREASURY NOTEU.S. Government Securities11,236,758 
5,590,000 U S TREASURY NOTEU.S. Government Securities5,377,973 
2,893,694 FHLMC POOL #84-1677U.S. Government Securities2,608,951 
17,168 FHLMC POOL #84-0940U.S. Government Securities17,463 
5,217,535 FHLMC POOL #84-1463U.S. Government Securities4,605,089 
29,056 FHLMC POOL #84-9777U.S. Government Securities29,873 
101,081 FHLMC POOL #84-9327U.S. Government Securities103,693 
22,078 FHLMC POOL #84-9536U.S. Government Securities22,681 
20,832 FHLMC POOL #84-9713U.S. Government Securities21,345 
105,530 FHLMC POOL #84-0286U.S. Government Securities108,390 
10,846 FHLMC POOL #84-0353U.S. Government Securities11,140 
23,559 FHLMC POOL #84-0385U.S. Government Securities24,228 
59,845 FNMA GTD REMIC P/T 13-98 FAU.S. Government Securities59,098 
124,677 FHLMC MULTICLASS MTG 4283 DWU.S. Government Securities121,893 
77,636 FHLMC MULTICLASS MTG 4283 EWU.S. Government Securities74,968 
215,877 FHLMC MULTICLASS MTG 4281 BCU.S. Government Securities210,822 
42,128 FHLMC MULTICLASS MTG 4319 MAU.S. Government Securities40,898 
833,211 FHLMC MULTICLASS MTG K152 X1U.S. Government Securities35,232 
737,536 FHLMC MULTICLASS MTG K055 X1U.S. Government Securities9,694 
246,981 FHLMC MULTICLASS MTU.S. Government Securities3,342 
2,048,857 FHLMC MULTICLASS MTU.S. Government Securities10,273 
2,584,630 FHLMC MULTICLASS MTU.S. Government Securities28,099 
3,127,351 FHLMC MULTICLASS MTU.S. Government Securities41,765 
2,488,686 FHLMC MULTICLASS MTG K066 X1U.S. Government Securities36,365 
3,197,823 FHLMC MULTICLASS MTU.S. Government Securities38,592 
633,709 FHLMC MULTICLASS MTU.S. Government Securities5,317 
1,344,454 FHLMC MULTICLASS MTU.S. Government Securities11,063 
1,737,416 FHLMC MULTICLASS MTG K071 X1U.S. Government Securities11,151 
2,528,650 FHLMC MULTICLASS MTG K154 X1U.S. Government Securities40,964 
3,602,402 FHLMC MULTICLASS MTG K089 X1U.S. Government Securities69,465 
1,794,018 FHLMC MULTICLASS MTU.S. Government Securities37,665 
1,227,008 FHLMC MULTICLASS MTG 1511 X1U.S. Government Securities59,075 
3,388,333 FHLMC MULTICLASS MTG K092 X1U.S. Government Securities87,384 
1,575,211 FHLMC MULTICLASS MTU.S. Government Securities52,391 
2,246,116 FHLMC MULTICLASS MTU.S. Government Securities73,992 
1,559,631 FHLMC MULTICLASS MTG K095 X1U.S. Government Securities54,449 
3,810,980 FHLMC MULTICLASS MTG K096 X1U.S. Government Securities158,804 
1,708,727 FHLMC MULTICLASS MTG K097 X1U.S. Government Securities70,542 
3,299,916 FHLMC MULTICLASS MTG K098 X1U.S. Government Securities143,896 
21

3,585,819 FHLMC MULTICLASS MTG K099 X1U.S. Government Securities122,453 
1,383,415 FHLMC MULTICLASS MTG K101 X1U.S. Government Securities45,880 
3,864,326 FHLMC MULTICLASS MTG K102 X1U.S. Government Securities126,280 
154,904 FNMA POOL #0AL5548U.S. Government Securities160,730 
18,703 FNMA POOL #0AL5858U.S. Government Securities19,338 
23,271 FNMA POOL #0AL5964U.S. Government Securities23,979 
17,504 FNMA POOL #0AL6111U.S. Government Securities17,924 
23,396 FNMA POOL #0AL6664U.S. Government Securities24,122 
123,387 FNMA POOL #0AL9098U.S. Government Securities126,741 
14,201 FNMA POOL #0AL8133U.S. Government Securities14,624 
34,002 FNMA POOL #0AL8289U.S. Government Securities34,941 
34,368 FNMA POOL #0AL8486U.S. Government Securities35,317 
11,731 FNMA POOL #0BH1189U.S. Government Securities12,083 
28,247 FNMA POOL #0BH2522U.S. Government Securities28,986 
8,900 FNMA POOL #0BH5298U.S. Government Securities9,127 
13,614 FNMA POOL #0BM1695U.S. Government Securities14,052 
74,588 FNMA POOL #0BM3836U.S. Government Securities77,139 
10,055 FNMA POOL #0BM5045U.S. Government Securities10,189 
40,447 FNMA POOL #0BM6102U.S. Government Securities40,805 
73,953 FNMA POOL #0BM6108U.S. Government Securities71,242 
18,443 FNMA POOL #0BM6112U.S. Government Securities18,806 
57,997 FNMA POOL #0BM6115U.S. Government Securities55,211 
90,508 FNMA POOL #0BM6117U.S. Government Securities92,314 
11,154,848 FNMA POOL #0BM6908U.S. Government Securities10,202,002 
57,591 GNMA GTD REMIC P/T 18-H01 FEU.S. Government Securities57,455 
261,410 GNMA GTD REMIC P/T 18-H03 FDU.S. Government Securities259,809 
129,204 GNMA GTD REMIC P/T 18-H02 FAU.S. Government Securities128,856 
181,823 GNMA GTD REMIC P/T 18-H02 GFU.S. Government Securities181,126 
337,883 GNMA GTD REMIC P/T 18-H02 HFU.S. Government Securities336,763 
120,423 GNMA GTD REMIC P/T 18-H02 PFU.S. Government Securities120,151 
164,864 GNMA GTD REMIC P/T 18-H02 FMU.S. Government Securities164,133 
293,026 GNMA GTD REMIC P/T 17-H13 FQU.S. Government Securities293,804 
69,278 GNMA GTD REMIC P/T 17-H16 BFU.S. Government Securities69,483 
213,378 GNMA GTD REMIC P/T 17-H17 FQU.S. Government Securities213,754 
92,583 GNMA GTD REMIC P/T 17-H17 FBU.S. Government Securities92,537 
148,892 GNMA GTD REMIC P/T 17-H20 FBU.S. Government Securities148,790 
514,573 GNMA GTD REMIC P/T 17-H20 BFU.S. Government Securities514,032 
248,771 GNMA GTD REMIC P/T 17-H20 FGU.S. Government Securities248,494 
86,799 GNMA GTD REMIC P/T 17-H21 FAU.S. Government Securities86,696 
51,810 GNMA GTD REMIC P/T 17-H22 FKU.S. Government Securities51,592 
71,319 GNMA GTD REMIC P/T 17-H22 FHU.S. Government Securities71,046 
458,318 GNMA GTD REMIC P/T 17-H22 FAU.S. Government Securities456,399 
244,387 GNMA GTD REMIC P/T 17-H02 BFU.S. Government Securities244,484 
103,950 GNMA GTD REMIC P/T 17-H02 FPU.S. Government Securities104,006 
118,244 GNMA GTD REMIC P/T 17-H25 CFU.S. Government Securities117,982 
68,774 GNMA GTD REMIC P/T 17-H10 FAU.S. Government Securities68,926 
61,218 GNMA GTD REMIC P/T 17-H08 FGU.S. Government Securities61,227 
120,787 GNMA GTD REMIC P/T 17-H12 FQU.S. Government Securities120,922 
58,341 GNMA GTD REMIC P/T 17-H11 FBU.S. Government Securities58,495 
58,094 GNMA GTD REMIC P/T 17-H14 FAU.S. Government Securities58,331 
63,503 GNMA GTD REMIC P/T 17-H18 GFU.S. Government Securities63,591 
127,749 GNMA GTD REMIC P/T 16-H23 FU.S. Government Securities127,832 
64,852 GNMA GTD REMIC P/T 16-H24 FBU.S. Government Securities64,828 
79,622 GNMA GTD REMIC P/T 16-H27 BFU.S. Government Securities79,595 
83,822 GNMA GTD REMIC P/T 16-H02 FBU.S. Government Securities83,770 
272,127 GNMA GTD REMIC P/T 17-H03 FU.S. Government Securities272,232 
55,337 GNMA GTD REMIC P/T 16-H09 FHU.S. Government Securities55,387 
42,316 GNMA GTD REMIC P/T 16-H09 FMU.S. Government Securities42,353 
45,152 GNMA GTD REMIC P/T 16-H21 CFU.S. Government Securities45,241 
456,460 GNMA GTD REMIC P/T 20-H06 FAU.S. Government Securities451,617 
172,115 GNMA GTD REMIC P/T 18-H05 BFU.S. Government Securities171,554 
173,963 GNMA GTD REMIC P/T 18-H05 FEU.S. Government Securities173,464 
22

172,065 GNMA GTD REMIC P/T 18-H06 AFU.S. Government Securities171,798 
80,981 GNMA GTD REMIC P/T 18-H06 BFU.S. Government Securities80,327 
136,483 GNMA GTD REMIC P/T 18-H06 EFU.S. Government Securities135,591 
54,900 GNMA GTD REMIC P/T 18-H06 MFU.S. Government Securities54,773 
146,183 GNMA GTD REMIC P/T 18-H06 JFU.S. Government Securities145,183 
137,892 GNMA GTD REMIC P/T 18-H07 FAU.S. Government Securities137,008 
136,645 GNMA GTD REMIC P/T 19-H15 FU.S. Government Securities135,506 
125,348 GNMA GTD REMIC P/T 18-H09 FCU.S. Government Securities125,183 
78,764 GNMA GTD REMIC P/T 18-H11 FAU.S. Government Securities78,847 
131,100 GNMA GTD REMIC P/T 18-H10 FVU.S. Government Securities131,424 
53,060 GNMA GTD REMIC P/T 19-H16 FCU.S. Government Securities53,107 
104,330 GNMA GTD REMIC P/T 18-H15 FKU.S. Government Securities104,249 
90,171 GNMA GTD REMIC P/T 19-H18 EFU.S. Government Securities90,245 
227,264 GNMA GTD REMIC P/T 18-H17 DFU.S. Government Securities226,129 
105,241 GNMA GTD REMIC P/T 18-H19 FGU.S. Government Securities104,498 
111,864 GNMA GTD REMIC P/T 18-H19 FEU.S. Government Securities111,560 
121,152 GNMA GTD REMIC P/T 19-H18 LFU.S. Government Securities121,108 
144,597 GNMA GTD REMIC P/T 19-H18 FU.S. Government Securities144,794 
2,307,580 GNMA GTD REMIC P/T 18-H20 FBU.S. Government Securities2,294,985 
91,430 GNMA GTD REMIC P/T 19-H20 AFU.S. Government Securities90,832 
90,924 GNMA GTD REMIC P/T 19-H04 FEU.S. Government Securities91,176 
261,158 GNMA GTD REMIC P/T 18-H04 FJU.S. Government Securities260,245 
107,207 GNMA GTD REMIC P/T 18-H04 FKU.S. Government Securities106,409 
451,529 GNMA GTD REMIC P/T 19-H17 FBU.S. Government Securities448,510 
216,203 GNMA GTD REMIC P/T 19-H17 FAU.S. Government Securities216,851 
1,644,150 GNMA GTD REMIC P/T 23-H13 FJU.S. Government Securities1,670,089 
2,320,275 GNMA GTD REMIC P/T 21-H19 FMU.S. Government Securities2,308,872 
3,107,347 GNMA GTD REMIC P/T 22-H09 FAU.S. Government Securities3,071,782 
4,286,306 GNMA GTD REMIC P/T 23-H04 FCU.S. Government Securities4,268,721 
4,101,488 GNMA GTD REMIC P/T 22-H08 FEU.S. Government Securities4,068,917 
43,005,000 INTERNATIONAL BANK FOR RECONSTCorporate Debt Instruments6,082,661 
3,230,000 GRUPO TELEVISA SABCorporate Debt Instruments89,308 
350,000 PAN AMERICAN ENERGY LLC/A 144ACorporate Debt Instruments362,048 
850,000 FMG RESOURCES AUGUST 2006 144ACorporate Debt Instruments765,105 
1,125,000 KLABIN AUSTRIA GMBH 144ACorporate Debt Instruments1,139,178 
1,940,000 AIRCASTLE LTD 144ACorporate Debt Instruments1,804,891 
200,000 ASCOT GROUP LTD 144ACorporate Debt Instruments170,605 
641,307 TEXTAINER MARINE CON 2A A 144ACorporate Debt Instruments593,307 
1,490,000 BRF SA 144ACorporate Debt Instruments1,172,377 
1,235,000 BAYTEX ENERGY CORP 144ACorporate Debt Instruments1,203,384 
680,000 BOMBARDIER INC 144ACorporate Debt Instruments691,606 
395,000 NUTRIEN LTDCorporate Debt Instruments389,485 
413,963 BURGER KING/RESTAURANT 6/24 TLCorporate Debt Instruments411,462 
300,000 ALIBABA GROUP HOLDING LTDCorporate Debt Instruments186,083 
1,565,000 AVOLON HOLDINGS FUNDING L 144ACorporate Debt Instruments1,450,570 
270,000 BAIDU INCCorporate Debt Instruments268,607 
2,493,438 HORIZON AIRCRAFT FINA 1 A 144ACorporate Debt Instruments2,415,797 
1,312,000 TENCENT HOLDINGS LTD 144ACorporate Debt Instruments816,957 
656,274 NAVIGATOR AIRCRAFT AB 1 A 144ACorporate Debt Instruments602,980 
840,000 BANCO SANTANDER CHILE 144ACorporate Debt Instruments838,392 
275,000 EMPRESA DE LOS FERROCARRI 144ACorporate Debt Instruments165,000 
168,000 ENEL AMERICAS SACorporate Debt Instruments164,278 
785,000 FALABELLA SA 144ACorporate Debt Instruments642,099 
605,000 LATAM AIRLINES GROUP SA 144ACorporate Debt Instruments612,478 
908,000 SOCIEDAD QUIMICA Y MINERA 144ACorporate Debt Instruments699,383 
200,000 SOCIEDAD QUIMICA Y MINERA 144ACorporate Debt Instruments131,879 
1,445,000 SOCIEDAD QUIMICA Y MINERA 144ACorporate Debt Instruments1,490,507 
426,000 TRANSELEC SA 144ACorporate Debt Instruments424,833 
790,000 ECOPETROL SACorporate Debt Instruments761,862 
1,000,000 ECOPETROL SACorporate Debt Instruments970,454 
630,000 DANSKE BANK A/S 144ACorporate Debt Instruments611,182 
2,169,000 SOCIETE GENERALE SA 144ACorporate Debt Instruments2,166,022 
23

1,525,000 BNP PARIBAS SA 144ACorporate Debt Instruments1,467,959 
920,000 CREDIT AGRICOLE SA 144ACorporate Debt Instruments923,964 
1,425,000 SOCIETE GENERALE SA 144ACorporate Debt Instruments1,359,004 
680,000 DEUTSCHE BANK AG/NEW YORK NYCorporate Debt Instruments655,962 
855,000 DEUTSCHE BANK AG/NEW YORK NYCorporate Debt Instruments833,347 
610,000 DEUTSCHE BANK AG/NEW YORK NYCorporate Debt Instruments532,593 
600,000 DEUTSCHE BANK AG/NEW YORK NYCorporate Debt Instruments618,429 
805,000 DEUTSCHE BANK AG/NEW YORK NYCorporate Debt Instruments681,338 
1,463,000 BHARTI AIRTEL LTD 144ACorporate Debt Instruments1,457,141 
690,000 FREEPORT INDONESIA PT 144ACorporate Debt Instruments671,923 
485,000 AERCAP IRELAND CAPITAL DAC / ACorporate Debt Instruments448,981 
990,000 AERCAP IRELAND CAPITAL DAC / ACorporate Debt Instruments988,459 
413,204 LUNAR 2021-1 STRUCTUR 1 A 144ACorporate Debt Instruments377,385 
27,251 ICON/PRA HEALTH 3/24 US TLBCorporate Debt Instruments27,421 
570,000 AIB GROUP PLC 144ACorporate Debt Instruments570,188 
1,199,343 JAZZ PHARMACEUTICALS 6/24Corporate Debt Instruments1,201,669 
109,375 ICON/PRA HEALTH 3/24 LUX TLBCorporate Debt Instruments110,058 
770,000 LEVIATHAN BOND LTD 144ACorporate Debt Instruments764,225 
945,000 INTESA SANPAOLO SPA 144ACorporate Debt Instruments1,022,268 
545,000 INTESA SANPAOLO SPA 144ACorporate Debt Instruments473,984 
1,520,000 UNICREDIT SPA 144ACorporate Debt Instruments1,454,903 
330,000 NORINCHUKIN BANK/THE 144ACorporate Debt Instruments328,529 
1,130,000 SUMITOMO MITSUI FINANCIAL GROUCorporate Debt Instruments1,037,476 
935,000 MITSUBISHI UFJ FINANCIAL GROUPCorporate Debt Instruments781,837 
1,790,000 ARDONAGH FINCO LTD 144ACorporate Debt Instruments1,843,294 
2,300,000 JBS USA HOLDING LUX SARL/ JBSCorporate Debt Instruments2,534,172 
420,000 MILLICOM INTERNATIONAL CE 144ACorporate Debt Instruments368,057 
955,000 MINERVA LUXEMBOURG SA 144ACorporate Debt Instruments801,268 
200,000 NATURA &CO LUXEMBOURG HOL 144ACorporate Debt Instruments182,137 
655,000 RAIZEN FUELS FINANCE SA 144ACorporate Debt Instruments647,412 
410,000 RAIZEN FUELS FINANCE SA 144ACorporate Debt Instruments404,413 
200,000 ALPEK SAB DE CV 144ACorporate Debt Instruments168,293 
1,695,000 SITIOS LATINOAMERICA SAB 144ACorporate Debt Instruments1,590,397 
750,000 BBVA MEXICO SA INSTITUCIO 144ACorporate Debt Instruments732,011 
505,000 BANCO SANTANDER MEXICO SA 144ACorporate Debt Instruments502,475 
670,000 BBVA MEXICO SA INSTITUCIO 144ACorporate Debt Instruments657,015 
2,153,472 COMETA ENERGIA SA DE CV 144ACorporate Debt Instruments2,123,702 
200,000 KIMBERLY-CLARK DE MEXICO 144ACorporate Debt Instruments169,481 
566,000 ORBIA ADVANCE CORP SAB DE 144ACorporate Debt Instruments540,403 
1,319,000 ORBIA ADVANCE CORP SAB DE 144ACorporate Debt Instruments1,107,756 
430,000 SITIOS LATINOAMERICA SAB 144ACorporate Debt Instruments427,485 
490,000 OCP SA 144ACorporate Debt Instruments483,603 
785,000 OCP SA 144ACorporate Debt Instruments676,177 
750,000 OCP SA 144ACorporate Debt Instruments765,000 
1,320,000 PROSUS NV 144ACorporate Debt Instruments1,191,451 
1,130,000 PROSUS NV 144ACorporate Debt Instruments730,517 
1,130,000 TEVA PHARMACEUTICAL FINANCE NECorporate Debt Instruments1,085,813 
654,000 TEVA PHARMACEUTICAL FINANCE NECorporate Debt Instruments653,637 
1,070,000 SAUDI ARABIAN OIL CO 144ACorporate Debt Instruments657,134 
450,000 POSCO 144ACorporate Debt Instruments452,737 
1,000,000 BANCO SANTANDER SACorporate Debt Instruments961,793 
400,000 BANCO SANTANDER SACorporate Debt Instruments348,384 
995,000 UBS GROUP AG 144ACorporate Debt Instruments1,028,281 
430,000 UBS GROUP AG 144ACorporate Debt Instruments521,609 
1,114,000 THAIOIL TREASURY CENTER C 144ACorporate Debt Instruments896,673 
465,000 THAIOIL TREASURY CENTER C 144ACorporate Debt Instruments293,776 
813,000 ANGLO AMERICAN CAPITAL PL 144ACorporate Debt Instruments822,798 
200,000 ANGLO AMERICAN CAPITAL PL 144ACorporate Debt Instruments173,422 
245,000 ANGLO AMERICAN CAPITAL PL 144ACorporate Debt Instruments181,610 
200,000 ANGLO AMERICAN CAPITAL PL 144ACorporate Debt Instruments182,923 
200,000 ANGLO AMERICAN CAPITAL PL 144ACorporate Debt Instruments189,814 
1,425,000 FRESNILLO PLC 144ACorporate Debt Instruments1,014,773 
24

200,000 HSBC HOLDINGS PLCCorporate Debt Instruments197,966 
240,000 MACQUARIE AIRFINANCE HOLD 144ACorporate Debt Instruments247,340 
1,570,000 BARCLAYS PLCCorporate Debt Instruments1,215,475 
200,000 BARCLAYS PLCCorporate Debt Instruments205,469 
1,785,000 STANDARD CHARTERED PLC 144ACorporate Debt Instruments1,544,943 
200,000 STANDARD CHARTERED PLC 144ACorporate Debt Instruments207,739 
2,024,000 STANDARD CHARTERED PLC 144ACorporate Debt Instruments2,019,928 
214,000 AES CORP/THE 144ACorporate Debt Instruments211,926 
394,000 AES CORP/THE 144ACorporate Debt Instruments363,191 
220,000 AT&T INCCorporate Debt Instruments155,549 
475,000 AT&T INCCorporate Debt Instruments320,018 
290,000 AT&T INCCorporate Debt Instruments195,665 
1,605,000 AT&T INCCorporate Debt Instruments1,065,906 
524,000 AT&T INCCorporate Debt Instruments362,263 
242,500 AMERICAN AIRLINES INC/AAD 144ACorporate Debt Instruments241,969 
635,000 AMERICAN AIRLINES INC/AAD 144ACorporate Debt Instruments629,721 
215,000 AFFIRM ASSET SECURITI A A 144ACorporate Debt Instruments215,140 
1,784,000 AIR LEASE CORPCorporate Debt Instruments1,756,375 
290,000 AMERICAN BUILDERS & CONTR 144ACorporate Debt Instruments263,037 
125,000 AMERICAN HOMES 4 RENT LPCorporate Debt Instruments82,402 
385,000 AMERICREDIT AUTOMOBILE REC 1 CCorporate Debt Instruments391,946 
1,160,000 AMGEN INCCorporate Debt Instruments1,116,238 
635,000 ANTARES HOLDINGS LP 144ACorporate Debt Instruments616,294 
1,585,000 ANTARES HOLDINGS LP 144ACorporate Debt Instruments1,572,856 
2,230,000 ARES CAPITAL CORPCorporate Debt Instruments2,132,085 
765,000 AVIS BUDGET RENTAL C 2A A 144ACorporate Debt Instruments746,638 
420,000 AVIS BUDGET RENTAL C 1A A 144ACorporate Debt Instruments409,775 
200,000 AVIS BUDGET RENTAL C 2A A 144ACorporate Debt Instruments201,025 
510,000 AVIS BUDGET RENTAL C 8A A 144ACorporate Debt Instruments528,715 
255,000 BANK 2019-BNK16 BN16 A4Corporate Debt Instruments243,825 
1,006,921 BANK 2019-BNK24 BN24 A3Corporate Debt Instruments906,030 
758,929 BANK 2019-BNK22 BN22 A4Corporate Debt Instruments684,570 
1,478,000 BOEING CO/THECorporate Debt Instruments1,407,427 
540,000 BOEING CO/THECorporate Debt Instruments559,794 
470,000 BOEING CO/THECorporate Debt Instruments500,511 
161,000 BOSTON GAS CO 144ACorporate Debt Instruments146,084 
2,156,000 BRASKEM AMERICA FINANCE C 144ACorporate Debt Instruments1,818,743 
1,375,000 BRIGHTHOUSE FINANCIAL INCCorporate Debt Instruments1,404,422 
595,000 BROADCOM INC 144ACorporate Debt Instruments486,012 
1,695,000 CCO HOLDINGS LLC / CCO HO 144ACorporate Debt Instruments1,375,137 
325,456 CLI FUNDING VIII LLC 1A A 144ACorporate Debt Instruments293,963 
183,088 CSMC 2014-USA OA L USA A1 144ACorporate Debt Instruments166,203 
702,000 CSMC 2014-USA OA L USA A2 144ACorporate Debt Instruments632,963 
470,000 CAESARS ENTERTAINMENT INC 144ACorporate Debt Instruments472,121 
767,000 CENTENE CORPCorporate Debt Instruments683,151 
847,619 CITIGROUP COMMERCIAL MOR C7 A4Corporate Debt Instruments773,032 
1,311,815 CITIGROUP COMMERCIAL M GC43 A4Corporate Debt Instruments1,169,805 
790,000 CITIGROUP COMMERCIAL M GC46 A5Corporate Debt Instruments693,052 
1,325,000 CLEARWAY ENERGY OPERATING 144ACorporate Debt Instruments1,153,797 
32,910 COREVEST AMERICAN FIN 3 A 144ACorporate Debt Instruments32,478 
1,177,000 CORNING INCCorporate Debt Instruments1,066,005 
741,897 CROCKETT PARTNERS EQ 1C A 144ACorporate Debt Instruments747,361 
59,000 CROWN CASTLE INCCorporate Debt Instruments45,208 
175,000 DPL INCCorporate Debt Instruments162,998 
195,000 DT AUTO OWNER TRUST 1A C 144ACorporate Debt Instruments195,902 
1,510,000 DC COMMERCIAL MORTGA DC A 144ACorporate Debt Instruments1,548,019 
796,000 DEVON ENERGY CORPCorporate Debt Instruments770,212 
1,155,000 DICK'S SPORTING GOODS INCCorporate Debt Instruments845,828 
530,600 DOMINO'S PIZZA MAS 1A A2I 144ACorporate Debt Instruments527,432 
490,000 EQT CORPCorporate Debt Instruments476,470 
35,000 EQT CORPCorporate Debt Instruments34,498 
115,000 EQT CORP 144ACorporate Debt Instruments111,892 
25

415,000 EPR PROPERTIESCorporate Debt Instruments363,429 
228,000 EQM MIDSTREAM PARTNERS LP 144ACorporate Debt Instruments230,957 
805,000 EQM MIDSTREAM PARTNERS LP 144ACorporate Debt Instruments807,709 
80,000 ENERGY TRANSFER LPCorporate Debt Instruments85,082 
511,000 ENERGY TRANSFER LPCorporate Debt Instruments529,626 
34,000 ENERGY TRANSFER LPCorporate Debt Instruments30,012 
353,000 ENERGY TRANSFER LPCorporate Debt Instruments342,831 
551,000 ENTERGY CORPCorporate Debt Instruments490,833 
259,000 EQUIFAX INCCorporate Debt Instruments282,097 
332,000 EQUIFAX INCCorporate Debt Instruments325,255 
405,000 EXETER AUTOMOBILE RECEIVA 1A CCorporate Debt Instruments406,649 
152,000 EXPEDIA GROUP INC 144ACorporate Debt Instruments152,104 
1,720,000 FS KKR CAPITAL CORPCorporate Debt Instruments1,686,826 
350,000 FORD CREDIT AUTO LEASE TRU B CCorporate Debt Instruments356,793 
280,000 FORD MOTOR CREDIT CO LLCCorporate Debt Instruments274,238 
470,000 FORD MOTOR CREDIT CO LLCCorporate Debt Instruments478,301 
780,000 FORD MOTOR CREDIT CO LLCCorporate Debt Instruments806,057 
570,000 FORD MOTOR CREDIT CO LLCCorporate Debt Instruments595,090 
440,000 FORESTAR GROUP INC 144ACorporate Debt Instruments428,113 
1,360,000 FRONTIER ISSUER LLC 1 A2 144ACorporate Debt Instruments1,383,094 
490,000 GATX CORPCorporate Debt Instruments512,237 
320,000 GATX CORPCorporate Debt Instruments328,256 
394,288 GS MORTGAGE SECURITIES GC45 A5Corporate Debt Instruments353,676 
345,000 GENERAL MOTORS FINANCIAL CO INCorporate Debt Instruments288,606 
204,000 GEORGETOWN UNIVERSITY/THECorporate Debt Instruments178,796 
2,265,000 GLENCORE FUNDING LLC 144ACorporate Debt Instruments1,963,212 
195,000 GLENCORE FUNDING LLC 144ACorporate Debt Instruments204,805 
1,107,000 GOLDMAN SACHS GROUP INC/THECorporate Debt Instruments1,189,849 
70,000 GRAY OAK PIPELINE LLC 144ACorporate Debt Instruments66,625 
140,000 GRAY OAK PIPELINE LLC 144ACorporate Debt Instruments137,482 
372,400 GREENSKY HOME IMPROV 1 A4 144ACorporate Debt Instruments374,900 
1,265,000 HCA INCCorporate Debt Instruments985,637 
1,210,000 HERTZ VEHICLE FINANC 2A A 144ACorporate Debt Instruments1,217,295 
619,000 HYUNDAI CAPITAL AMERICA 144ACorporate Debt Instruments617,437 
605,000 HYUNDAI CAPITAL AMERICA 144ACorporate Debt Instruments581,031 
575,000 HYUNDAI CAPITAL AMERICA 144ACorporate Debt Instruments536,077 
290,000 HYUNDAI CAPITAL AMERICA 144ACorporate Debt Instruments294,220 
1,120,000 HYUNDAI CAPITAL AMERICA 144ACorporate Debt Instruments1,152,364 
545,000 HYUNDAI CAPITAL AMERICA 144ACorporate Debt Instruments544,839 
1,550,000 CRESCENT ENERGY FINANCE L 144ACorporate Debt Instruments1,542,024 
970,000 IRON MOUNTAIN INC 144ACorporate Debt Instruments886,784 
450,000 IRON MOUNTAIN INC 144ACorporate Debt Instruments448,203 
320,000 JABIL INCCorporate Debt Instruments282,031 
614,250 JACK IN THE BOX FU 1A A2I 144ACorporate Debt Instruments583,774 
1,034,775 JACK IN THE BOX F 1A A2II 144ACorporate Debt Instruments906,954 
380,000 JABIL INCCorporate Debt Instruments383,411 
1,288,000 ZIFF DAVIS INC 144ACorporate Debt Instruments1,179,162 
650,000 KROGER CO/THECorporate Debt Instruments612,990 
1,216,000 LEAR CORPCorporate Debt Instruments1,046,897 
709,000 LIBERTY MUTUAL GROUP INC 144ACorporate Debt Instruments476,397 
775,000 LIGHTNING POWER LLC 144ACorporate Debt Instruments796,814 
750,000 LITHIA MOTORS INC 144ACorporate Debt Instruments679,928 
1,235,000 MGM RESORTS INTERNATIONALCorporate Debt Instruments1,230,626 
546,945 MVW 2024-2 LLC 2A A 144ACorporate Debt Instruments535,480 
2,145,000 WARNERMEDIA HOLDINGS INCCorporate Debt Instruments1,583,783 
330,000 MAIN STREET CAPITAL CORPCorporate Debt Instruments343,031 
340,000 MERCADOLIBRE INCCorporate Debt Instruments294,675 
830,000 METHANEX US OPERATIONS IN 144ACorporate Debt Instruments821,161 
84,000 MOHAWK INDUSTRIES INCCorporate Debt Instruments77,568 
936,000 NVR INCCorporate Debt Instruments844,904 
631,884 NAVIENT PRIVATE EDUCA A A 144ACorporate Debt Instruments632,923 
20,088 NAVIENT PRIVATE EDUC HA A 144ACorporate Debt Instruments18,647 
26

653,000 NAVIENT CORPCorporate Debt Instruments640,043 
280,000 NAVIENT CORPCorporate Debt Instruments267,102 
478,326 NAVIENT PRIVATE EDUC CA A 144ACorporate Debt Instruments426,405 
550,000 NISSAN MOTOR ACCEPTANCE C 144ACorporate Debt Instruments570,180 
215,000 ONEAMERICA FINANCIAL PART 144ACorporate Debt Instruments157,457 
1,535,000 ONEMAIN FINANCE CORPCorporate Debt Instruments1,554,111 
1,500,000 ORACLE CORPCorporate Debt Instruments1,080,238 
670,000 OUTFRONT MEDIA CAPITAL LL 144ACorporate Debt Instruments623,207 
945,000 BLUE OWL TECHNOLOGY FINAN 144ACorporate Debt Instruments914,098 
1,195,000 BLUE OWL CAPITAL CORPCorporate Debt Instruments1,157,711 
325,000 BLUE OWL CAPITAL CORPCorporate Debt Instruments306,901 
850,000 BLUE OWL CAPITAL CORPCorporate Debt Instruments853,345 
585,000 OWN EQUIPMENT FUND I 2M A 144ACorporate Debt Instruments585,469 
205,000 PERMIAN RESOURCES OPERATI 144ACorporate Debt Instruments202,347 
335,000 PHINIA INC 144ACorporate Debt Instruments341,701 
374,413 PLANET FITNESS MAS 1A A2I 144ACorporate Debt Instruments359,767 
923,875 PLANET FITNESS MA 1A A2II 144ACorporate Debt Instruments836,906 
279,381 PROGRESS RESIDENTI SFR1 A 144ACorporate Debt Instruments271,875 
530,000 ROCKET MORTGAGE LLC / ROC 144ACorporate Debt Instruments461,787 
175,000 SCF EQUIPMENT LEASI 1A A3 144ACorporate Debt Instruments177,797 
387,181 SCF EQUIPMENT LEASI 1A A2 144ACorporate Debt Instruments390,111 
685,000 SBA COMMUNICATIONS CORPCorporate Debt Instruments618,305 
171,774 SMB PRIVATE EDUCAT A APT2 144ACorporate Debt Instruments152,373 
597,784 SMB PRIVATE EDUCATI A A1A 144ACorporate Debt Instruments599,314 
590,000 SM ENERGY CO 144ACorporate Debt Instruments584,022 
670,000 SM ENERGY CO 144ACorporate Debt Instruments660,588 
166,000 SABRE GLBL INC 144ACorporate Debt Instruments163,715 
47,335 SANTANDER BANK AUTO C C B 144ACorporate Debt Instruments47,545 
45,515 SANTANDER BANK AUTO C C C 144ACorporate Debt Instruments45,786 
1,280,000 SEMPRA INFRASTRUCTURE PAR 144ACorporate Debt Instruments1,069,148 
710,000 SENSATA TECHNOLOGIES INC 144ACorporate Debt Instruments620,666 
1,475,000 DELTA AIR LINES INC / SKY 144ACorporate Debt Instruments1,455,064 
110,000 SMITHFIELD FOODS INC 144ACorporate Debt Instruments95,083 
88,453 SOFI PROFESSIONAL A A2FX 144ACorporate Debt Instruments84,165 
650,000 STARWOOD PROPERTY TRUST I 144ACorporate Debt Instruments650,815 
380,000 SUNCOKE ENERGY INC 144ACorporate Debt Instruments346,425 
730,000 ENERGY TRANSFER LPCorporate Debt Instruments656,313 
320,000 TD SYNNEX CORPCorporate Debt Instruments328,048 
350,000 TARGA RESOURCES CORPCorporate Debt Instruments344,434 
428,000 TIME WARNER CABLE LLCCorporate Debt Instruments413,672 
102,000 TIME WARNER CABLE LLCCorporate Debt Instruments100,038 
134,000 TIME WARNER CABLE LLCCorporate Debt Instruments119,927 
47,000 TIME WARNER CABLE LLCCorporate Debt Instruments39,960 
1,020,000 TIME WARNER CABLE LLCCorporate Debt Instruments763,751 
155,000 UNITED AIRLINES INC 144ACorporate Debt Instruments152,405 
540,000 UNITED AIRLINES INC 144ACorporate Debt Instruments513,425 
640,365 UNITED AIRLINES 2023-1 CLASS ACorporate Debt Instruments653,072 
174,000 VIATRIS INCCorporate Debt Instruments118,730 
3,185,000 VOLKSWAGEN GROUP OF AMERI 144ACorporate Debt Instruments3,297,764 
860,181 VOLOFIN FINANCE DESI 1A A 144ACorporate Debt Instruments861,764 
420,000 WESTLAKE AUTOMOBILE 2A C 144ACorporate Debt Instruments426,324 
600,000 WESTLAKE AUTOMOBILE 2A C 144ACorporate Debt Instruments599,810 
130,000 WESTLAKE AUTOMOBILE 1A B 144ACorporate Debt Instruments130,444 
958,525 WHEELS FLEET LEASE F 1A A 144ACorporate Debt Instruments964,537 
1,290,701 WILLIS ENGINE STRUCTU A A 144ACorporate Debt Instruments1,334,405 
1,255,000 ZIPLY FIBER ISSUER 1A A2 144ACorporate Debt Instruments1,286,036 
1,625,000 AOA 2021-1177 MORT 1177 A 144ACorporate Debt Instruments1,596,116 
545,000 BPR TRUST 2021-NRD NRD A 144ACorporate Debt Instruments525,925 
2,831,000 BANK OF AMERICA CORPCorporate Debt Instruments2,785,823 
600,000 BANK OF AMERICA CORPCorporate Debt Instruments621,234 
1,590,000 BANK OF AMERICA CORPCorporate Debt Instruments1,579,274 
1,800,000 BANK OF AMERICA CORPCorporate Debt Instruments1,757,256 
27

487 COUNTRYWIDE ASSET-BACKED S1 A3Corporate Debt Instruments484 
2,295,000 CAPITAL ONE FINANCIAL CORPCorporate Debt Instruments2,383,874 
519,667 EXTENDED STAY AMERI ESH A 144ACorporate Debt Instruments519,991 
92,483 EXTENDED STAY AMERI ESH D 144ACorporate Debt Instruments92,714 
336,361 GS MORTGAGE SECURIT GC5 C 144ACorporate Debt Instruments261,107 
760,000 GOLDMAN SACHS GROUP INC/THECorporate Debt Instruments738,277 
1,400,000 HEWLETT PACKARD ENTERPRISE COCorporate Debt Instruments1,464,149 
2,305,000 JPMORGAN CHASE & COCorporate Debt Instruments2,076,288 
1,408,000 JPMORGAN CHASE & COCorporate Debt Instruments1,259,531 
690,000 MORGAN STANLEYCorporate Debt Instruments665,311 
1,790,000 MORGAN STANLEYCorporate Debt Instruments1,794,890 
768,000 NATIONAL RURAL UTILITIES COOPECorporate Debt Instruments769,579 
41,226 OBX 2018-EXP1 TR EXP1 1A3 144ACorporate Debt Instruments38,210 
625,000 PNC FINANCIAL SERVICES GROUP ICorporate Debt Instruments609,357 
1,090,000 PRET 2024-NPL8 LL NPL8 A1 144ACorporate Debt Instruments1,092,623 
520,845 PRPM 2024-1 LLC 1 A1 144ACorporate Debt Instruments523,330 
1,150,000 SANTANDER HOLDINGS USA INCCorporate Debt Instruments1,090,483 
3,022 SEQUOIA MORTGAGE T CH1 A1 144ACorporate Debt Instruments2,812 
7,428 SEQUOIA MORTGAGE T CH3 A2 144ACorporate Debt Instruments7,240 
16,101 SEQUOIA MORTGAGE T CH1 A1 144ACorporate Debt Instruments14,773 
537,229 SMB PRIVATE EDUCATIO C A2 144ACorporate Debt Instruments534,829 
330,000 TOORAK MORTGAGE RRTL1 A1 144ACorporate Debt Instruments332,275 
38,296 TOWD POINT MORTGAGE 4 M2 144ACorporate Debt Instruments38,117 
304,940 TOWD POINT MORTGAGE 2 M2 144ACorporate Debt Instruments288,023 
182,846 TOWD POINT MORTGAGE 3 A1 144ACorporate Debt Instruments178,057 
685,000 TRUIST FINANCIAL CORPCorporate Debt Instruments697,566 
218,076 WFRBS COMMERCIAL MOR C4 D 144ACorporate Debt Instruments200,826 
164,000 CELANESE US HOLDINGS LLCCorporate Debt Instruments164,115 
415,000 CELANESE US HOLDINGS LLCCorporate Debt Instruments423,452 
655,000 CELANESE US HOLDINGS LLCCorporate Debt Instruments665,502 
897,264 ABC SUPPLY 1/24 TLBCorporate Debt Instruments899,507 
431,355 ARAMARK 3/24 B7 TLCorporate Debt Instruments432,757 
628,409 ARAMARK 3/24 B8 TLCorporate Debt Instruments631,237 
643,085 BEACON ROOFING 3/24 COV-LITE TCorporate Debt Instruments644,628 
756,698 CAESARS ENTERTAINMENT 1/24 TLCorporate Debt Instruments756,932 
1,134,116 CALPINE 1/24 B10 TLCorporate Debt Instruments1,129,863 
641,497 CHURCHILL DOWNS 3/21 INCREMENTCorporate Debt Instruments641,497 
1,413,059 CITADEL SECURITIES 10/24 TLBCorporate Debt Instruments1,416,266 
1,142,138 DISCOVERY ENERGY/KOHLER ENERGYCorporate Debt Instruments1,139,282 
391,900 ELANCO ANIMAL HEALTH 8/20 COV-Corporate Debt Instruments391,226 
465,314 HILTON GRAND 5/21 COV-LITE TLBCorporate Debt Instruments466,537 
1,198,835 INTERNATIONAL SOS 6/24 TLBCorporate Debt Instruments1,204,829 
1,195,988 IRON MOUNTAIN 12/23 TLBCorporate Debt Instruments1,194,122 
907,927 MKS INSTRUMENTS 6/24 (USD) TLBCorporate Debt Instruments909,634 
576,128 SYMANTEC/NORTONLIFELOCK/GEN DICorporate Debt Instruments573,807 
1,192,721 PETSMART 2/21 COV-LITE TLCorporate Debt Instruments1,186,758 
458,074 QUIKRETE 3/24 (2031) COV-LITECorporate Debt Instruments457,552 
218,637 QUIKRETE 3/24 TLBCorporate Debt Instruments218,385 
716,634 RENT-A-CENTER 9/21 COV-LITE TLCorporate Debt Instruments716,634 
1,438,288 SBA COMMUNICATIONS/SBA FINANCECorporate Debt Instruments1,437,799 
633,926 SS&C TECHNOLOGIES 5/24 B8 COV-Corporate Debt Instruments635,358 
187,175 SRAM 5/21 COV-LITE TLBCorporate Debt Instruments187,955 
1,173,323 TRANSUNION 6/24 B8 COV-LITE TLCorporate Debt Instruments1,170,753 
210,483 TRANSDIGM 3/24 TLKCorporate Debt Instruments211,058 
433,000 WARNER MUSIC 9/24 TLBCorporate Debt Instruments431,701 
505,359 ASURION 9/24 B12 TLBCorporate Debt Instruments496,096 
370,000 FRONTDOOR 12/24 TLBCorporate Debt Instruments370,925 
962,155 VIRGIN MEDIA 10/19 COV-LITECorporate Debt Instruments954,534 
9,095,000 BRAZILIAN GOVERNMENT INTERNATI
Other Investments
1,410,731 
73,211,300 MEXICAN BONOS
Other Investments
3,330,656 
250,000 COLOMBIA GOVERNMENT INTERNATIO
Other Investments
251,375 
500,000 DOMINICAN REPUBLIC INTERN 144A
Other Investments
512,000 
28

185,000 DOMINICAN REPUBLIC INTERN 144A
Other Investments
183,428 
1,410,000 REPUBLIC OF SOUTH AFRICA GOVER
Other Investments
1,277,862 
680,000 REPUBLIC OF SOUTH AFRICA 144A
Other Investments
662,802 
1,035,000 UNIV OF VIRGINIA VA UNIV REVEN
Other Investments
590,978 
96,005,000 URUGUAY GOVERNMENT INTERNATION
Other Investments
2,187,678 
258,640,000 URUGUAY GOVERNMENT INTERNATION
Other Investments
5,481,995 
30,356,000 URUGUAY GOVERNMENT INTERN 144A
Other Investments
677,613 
6,350,000 URUGUAY GOVERNMENT INTERN REGS
Other Investments
141,746 
10,229,000 COMMIT TO PUR FNMA SF MTGU.S. Government Securities10,604,537 
178 FHLMC POOL #G0-1843U.S. Government Securities184 
50,107 FHLMC POOL #ZM-8305U.S. Government Securities49,274 
154,285 FHLMC POOL #ZN-2092U.S. Government Securities151,911 
68,010 FHLMC POOL #ZA-5559U.S. Government Securities66,865 
130,333 FHLMC POOL #ZT-0714U.S. Government Securities127,898 
191,808 FHLMC POOL #SD-0136U.S. Government Securities165,130 
3,303,958 FHLMC POOL #SD-2629U.S. Government Securities2,690,881 
134,532 FHLMC POOL #SD-3125U.S. Government Securities133,862 
5,063,391 FHLMC POOL #SD-8199U.S. Government Securities3,948,776 
959,695 FHLMC POOL #SD-8205U.S. Government Securities784,103 
1,391,884 FHLMC POOL #SD-4121U.S. Government Securities1,183,119 
28,257 FHLMC POOL #Q0-2117U.S. Government Securities27,422 
54,741 FHLMC POOL #Q1-2458U.S. Government Securities48,302 
4,349 FHLMC POOL #Q2-4035U.S. Government Securities4,169 
10,790 FHLMC POOL #Q2-5923U.S. Government Securities10,325 
21,203 FHLMC POOL #Q3-4582U.S. Government Securities19,709 
1,040 FHLMC POOL #Q3-9583U.S. Government Securities999 
39,140 FHLMC POOL #Q4-3410U.S. Government Securities37,645 
45,891 FHLMC POOL #Q4-5220U.S. Government Securities43,028 
13,886 FHLMC POOL #Q4-8674U.S. Government Securities12,890 
341,973 FHLMC POOL #WA-3193U.S. Government Securities304,200 
403,037 FHLMC POOL #WA-3195U.S. Government Securities350,344 
61,456 FHLMC POOL #G6-1658U.S. Government Securities60,567 
341,441 FHLMC POOL #QB-5275U.S. Government Securities265,730 
957,180 FHLMC POOL #QB-7306U.S. Government Securities744,933 
629,335 FHLMC POOL #QB-7396U.S. Government Securities489,778 
796,881 FHLMC POOL #QC-8871U.S. Government Securities654,331 
258,780 FHLMC POOL #QE-7134U.S. Government Securities243,806 
803,407 FHLMC POOL #QE-6417U.S. Government Securities735,781 
306,762 FHLMC POOL #QE-8515U.S. Government Securities289,906 
1,621,989 FHLMC POOL #QF-0467U.S. Government Securities1,569,624 
225,658 FHLMC POOL #QG-3397U.S. Government Securities228,728 
132,568 FHLMC POOL #QG-3398U.S. Government Securities133,281 
124,894 FHLMC POOL #QG-4234U.S. Government Securities126,549 
86,073 FHLMC POOL #QG-4235U.S. Government Securities87,050 
61,593 FHLMC POOL #QG-4238U.S. Government Securities61,943 
86,295 FHLMC POOL #QG-4239U.S. Government Securities86,311 
103,714 FHLMC POOL #QG-4209U.S. Government Securities103,282 
93,185 FHLMC POOL #QG-4248U.S. Government Securities94,331 
21,999 FHLMC POOL #QG-6254U.S. Government Securities22,632 
48,258 FHLMC POOL #QG-6266U.S. Government Securities48,178 
229,016 FHLMC POOL #QG-6267U.S. Government Securities227,509 
63,462 FHLMC POOL #QG-7117U.S. Government Securities64,983 
56,349 FHLMC POOL #QG-8087U.S. Government Securities56,670 
104,331 FHLMC POOL #QG-7314U.S. Government Securities103,973 
77,200 FHLMC POOL #QG-8118U.S. Government Securities79,291 
2,050,826 FHLMC POOL #QG-9479U.S. Government Securities2,074,103 
368,194 FHLMC POOL #QG-9634U.S. Government Securities383,317 
57,023 FHLMC POOL #QU-7615U.S. Government Securities41,007 
141,973 FHLMC POOL #QU-7709U.S. Government Securities103,508 
317,743 FHLMC POOL #RA-1266U.S. Government Securities275,843 
1,251,673 FHLMC POOL #RA-9647U.S. Government Securities1,281,843 
1,289,447 FHLMC POOL #RE-6093U.S. Government Securities927,307 
29

1,365,146 FHLMC POOL #RE-6123U.S. Government Securities1,028,212 
537,018 FHLMC POOL #SE-9083U.S. Government Securities496,511 
36,546 FHLMC POOL #QI-0154U.S. Government Securities38,346 
30,108 FHLMC POOL #QI-0156U.S. Government Securities31,648 
98,269 FHLMC POOL #QI-0140U.S. Government Securities101,016 
142,975 FHLMC POOL #QI-1316U.S. Government Securities152,389 
1,152,432 FHLMC POOL #QI-1317U.S. Government Securities1,174,510 
480,600 FHLMC POOL #QI-2311U.S. Government Securities489,821 
710,000 FNMA GTD REMIC P/T 23-51 LU.S. Government Securities728,568 
211 FNMA POOL #0253355U.S. Government Securities216 
70 FNMA POOL #0323621U.S. Government Securities72 
3,470,000 FHLMC MULTICLASS MTG 5365 LYU.S. Government Securities3,580,170 
158 FNMA POOL #0545448U.S. Government Securities160 
324 FNMA POOL #0550002U.S. Government Securities336 
461 FNMA POOL #0554493U.S. Government Securities478 
39 FNMA POOL #0575078U.S. Government Securities39 
158,611 FNMA POOL #0AJ0806U.S. Government Securities149,598 
73,486 FNMA POOL #0AK0080U.S. Government Securities69,068 
52,302 FNMA POOL #0AS7378U.S. Government Securities45,311 
54,937 FNMA POOL #0AS7580U.S. Government Securities47,307 
10,683 FNMA POOL #0AS8263U.S. Government Securities9,271 
20,002 FNMA POOL #0AS8276U.S. Government Securities17,329 
86,335 FNMA POOL #0AS8309U.S. Government Securities74,796 
23,185 FNMA POOL #0AS9412U.S. Government Securities21,493 
1,832 FNMA POOL #0AU6205U.S. Government Securities1,765 
5,276 FNMA POOL #0AV9213U.S. Government Securities5,068 
4,657 FNMA POOL #0AW4986U.S. Government Securities4,436 
37,354 FNMA POOL #0AX7617U.S. Government Securities34,675 
18,121 FNMA POOL #0AX8509U.S. Government Securities16,942 
112,098 FNMA POOL #0AY5788U.S. Government Securities97,762 
7,656 FNMA POOL #0AY8481U.S. Government Securities7,354 
25,974 FNMA POOL #0AZ0810U.S. Government Securities24,845 
14,037 FNMA POOL #0AZ5596U.S. Government Securities13,414 
824 FNMA POOL #0725690U.S. Government Securities847 
895,891 FNMA POOL #0DA1685U.S. Government Securities932,688 
84,906 FNMA POOL #0DA3498U.S. Government Securities89,248 
487,871 FNMA POOL #0DA3499U.S. Government Securities510,843 
1,766,628 FNMA POOL #0DB1398U.S. Government Securities1,833,272 
16,679 FNMA POOL #0AZ7724U.S. Government Securities16,020 
22,554 FNMA POOL #0BC2994U.S. Government Securities19,540 
26,866 FNMA POOL #0BC4918U.S. Government Securities25,889 
10,620 FNMA POOL #0BC9468U.S. Government Securities9,221 
841 FNMA POOL #0BD2217U.S. Government Securities806 
10,850 FNMA POOL #0BD9396U.S. Government Securities10,516 
22,129 FNMA POOL #0BE0249U.S. Government Securities21,259 
13,802 FNMA POOL #0BE2507U.S. Government Securities13,180 
94,703 FNMA POOL #0BE4435U.S. Government Securities81,391 
32,209 FNMA POOL #0BE4442U.S. Government Securities27,904 
80,268 FNMA POOL #0BE4203U.S. Government Securities77,100 
41,804 FNMA POOL #0BE4310U.S. Government Securities36,217 
24,042 FNMA POOL #0BE5275U.S. Government Securities20,859 
22,458 FNMA POOL #0BE7913U.S. Government Securities19,534 
17,563 FNMA POOL #0BE8280U.S. Government Securities16,340 
2,146,719 FNMA POOL #0BF0773U.S. Government Securities1,697,550 
1,189,486 FNMA POOL #0BF0774U.S. Government Securities1,027,130 
795,187 FNMA POOL #0BF0794U.S. Government Securities717,319 
1,953,847 FNMA POOL #0BF0535U.S. Government Securities1,555,155 
1,038,814 FNMA POOL #0BF0546U.S. Government Securities826,404 
664,362 FNMA POOL #0BF0560U.S. Government Securities528,550 
10,574,170 FNMA POOL #0BF0578U.S. Government Securities8,412,029 
8,384,127 FNMA POOL #0BF0618U.S. Government Securities6,669,408 
5,430,682 FNMA POOL #0BF0619U.S. Government Securities4,320,008 
30

9,173,311 FNMA POOL #0BF0653U.S. Government Securities7,296,504 
8,026,421 FNMA POOL #0BF0701U.S. Government Securities6,969,481 
7,824,815 FNMA POOL #0BF0672U.S. Government Securities6,223,612 
65,717 FNMA POOL #0BF0675U.S. Government Securities54,674 
5,175,884 FNMA POOL #0BF0676U.S. Government Securities4,493,905 
562,927 FNMA POOL #0BF0681U.S. Government Securities468,566 
5,533,060 FNMA POOL #0BF0733U.S. Government Securities4,602,605 
3,850,806 FNMA POOL #0BF0704U.S. Government Securities3,046,588 
3,914,751 FNMA POOL #0BF0717U.S. Government Securities3,257,853 
11,982,132 FNMA POOL #0BF0760U.S. Government Securities9,531,977 
2,011,353 FNMA POOL #0BF0742U.S. Government Securities1,674,045 
1,813,007 FNMA POOL #0BF0743U.S. Government Securities1,566,245 
24,717 FNMA POOL #0BH4224U.S. Government Securities22,560 
32,728 FNMA POOL #0BH4896U.S. Government Securities31,159 
12,390 FNMA POOL #0BJ2239U.S. Government Securities10,734 
20,444 FNMA POOL #0BJ5653U.S. Government Securities18,956 
81,654 FNMA POOL #0BJ7195U.S. Government Securities77,948 
47,225 FNMA POOL #0BK1766U.S. Government Securities43,105 
80,194 FNMA POOL #0BK0916U.S. Government Securities78,960 
18,553 FNMA POOL #0BK6899U.S. Government Securities17,763 
170,461 FNMA POOL #0BK8202U.S. Government Securities122,623 
156,276 FNMA POOL #0BK8385U.S. Government Securities112,417 
53,302 FNMA POOL #0BM3138U.S. Government Securities49,428 
145,779 FNMA POOL #0BM5804U.S. Government Securities143,213 
309,300 FNMA POOL #0BN5403U.S. Government Securities294,722 
8,388 FNMA POOL #0BP1638U.S. Government Securities7,737 
46,794 FNMA POOL #0BP7820U.S. Government Securities40,736 
290,203 FNMA POOL #0BQ4040U.S. Government Securities220,478 
164,677 FNMA POOL #0BQ5771U.S. Government Securities128,271 
159,240 FNMA POOL #0BQ6140U.S. Government Securities120,977 
1,085,247 FNMA POOL #0BQ7559U.S. Government Securities844,661 
590,844 FNMA POOL #0BQ7589U.S. Government Securities460,229 
960,513 FNMA POOL #0BQ7604U.S. Government Securities747,585 
304,055 FNMA POOL #0BQ7618U.S. Government Securities236,649 
1,834,114 FNMA POOL #0BR0772U.S. Government Securities1,428,630 
1,081,133 FNMA POOL #0BR0691U.S. Government Securities841,458 
2,280,644 FNMA POOL #0BR3283U.S. Government Securities1,775,046 
367,873 FNMA POOL #0BR7743U.S. Government Securities286,313 
337,106 FNMA POOL #0BR7719U.S. Government Securities262,371 
98,118 FNMA POOL #0BT8676U.S. Government Securities81,224 
3,240,090 FNMA POOL #0BV3076U.S. Government Securities2,525,250 
1,421,844 FNMA POOL #0BV4172U.S. Government Securities1,109,946 
453,103 FNMA POOL #0BV8553U.S. Government Securities415,522 
691,934 FNMA POOL #0BV9951U.S. Government Securities634,541 
408,426 FNMA POOL #0BW6279U.S. Government Securities374,547 
2,984,682 FNMA POOL #0BW6333U.S. Government Securities2,737,129 
1,598,452 FNMA POOL #0BW9845U.S. Government Securities1,555,726 
159,660 FNMA POOL #0BY1712U.S. Government Securities161,977 
207,639 FNMA POOL #0BY1713U.S. Government Securities210,436 
459,553 FNMA POOL #0BY1783U.S. Government Securities465,933 
465,790 FNMA POOL #0BY1784U.S. Government Securities472,229 
73,219 FNMA POOL #0BY4136U.S. Government Securities72,621 
202,830 FNMA POOL #0BY4137U.S. Government Securities202,133 
102,930 FNMA POOL #0BY4135U.S. Government Securities101,752 
300,813 FNMA POOL #0BY4148U.S. Government Securities305,079 
123,099 FNMA POOL #0BY4149U.S. Government Securities123,800 
61,961 FNMA POOL #0BY5322U.S. Government Securities63,748 
65,703 FNMA POOL #0BY5375U.S. Government Securities67,293 
326,016 FNMA POOL #0BY8309U.S. Government Securities339,503 
148,877 FNMA POOL #0BY8509U.S. Government Securities149,723 
115,882 FNMA POOL #0BY8519U.S. Government Securities117,419 
176,396 FNMA POOL #0BY8520U.S. Government Securities178,611 
31

405,810 FNMA POOL #0BY8521U.S. Government Securities410,803 
580,025 FNMA POOL #0BY8531U.S. Government Securities596,324 
596,364 FNMA POOL #0BY8532U.S. Government Securities612,674 
182,554 FNMA POOL #0BY9392U.S. Government Securities190,106 
5,525,693 FNMA POOL #0CB2773U.S. Government Securities4,313,453 
2,840,992 FNMA POOL #0CB6880U.S. Government Securities2,912,033 
374,350 FNMA POOL #0FM3718U.S. Government Securities367,826 
162,471 FNMA POOL #0FM5679U.S. Government Securities162,856 
2,389,273 FNMA POOL #0FM5977U.S. Government Securities1,766,113 
21,739 FNMA POOL #0FM6075U.S. Government Securities20,628 
26,056 FNMA POOL #0FM9765U.S. Government Securities22,181 
171,087 FNMA POOL #0FS6235U.S. Government Securities179,143 
795,874 FNMA POOL #0FS6121U.S. Government Securities675,647 
1,776,515 FNMA POOL #0FS8321U.S. Government Securities1,854,896 
2,997 FNMA POOL #0906734U.S. Government Securities3,070 
162,917 FNMA POOL #0MA2218U.S. Government Securities142,597 
33,968 FNMA POOL #0MA2490U.S. Government Securities32,626 
20,647 FNMA POOL #0MA3472U.S. Government Securities20,321 
54,204 FNMA POOL #0MA2705U.S. Government Securities46,994 
125,911 FNMA POOL #0MA2737U.S. Government Securities108,443 
21,183 FNMA POOL #0MA3351U.S. Government Securities18,012 
92,521 FNMA POOL #0MA3401U.S. Government Securities80,077 
37,299 FNMA POOL #0MA3448U.S. Government Securities36,709 
886,640 FNMA POOL #0MA4436U.S. Government Securities655,369 
3,581,579 FNMA POOL #0MA4492U.S. Government Securities2,796,519 
1,814,135 FNMA POOL #0MA4511U.S. Government Securities1,414,706 
1,297,718 FNMA POOL #0MA4591U.S. Government Securities977,837 
3,684,667 FNMA POOL #0MA4602U.S. Government Securities3,253,863 
174,210 FNMA POOL #0MA5231U.S. Government Securities177,830 
258,930 FNMA POOL #0MA5261U.S. Government Securities264,786 
752,389 FHLMC POOL #RJ-2689U.S. Government Securities801,936 
365 GNMA POOL #0587280U.S. Government Securities379 
169 GNMA POOL #0379674U.S. Government Securities169 
12 GNMA POOL #0413151U.S. Government Securities12 
110 GNMA POOL #0486844U.S. Government Securities113 
122 GNMA POOL #0530269U.S. Government Securities123 
77 GNMA POOL #0563646U.S. Government Securities79 
311 GNMA POOL #0780958U.S. Government Securities315 
16 GNMA POOL #0781199U.S. Government Securities16 
231 GNMA POOL #0675324U.S. Government Securities240 
3,832 GNMA POOL #0675312U.S. Government Securities3,909 
2 GNMA GTD REMIC P/T 13-H01 FAU.S. Government Securities1 
508 GNMA GTD REMIC P/T 13-H03 HAU.S. Government Securities460 
430 GNMA GTD REMIC P/T 13-H04 BAU.S. Government Securities395 
5,288 GNMA GTD REMIC P/T 13-H10 PAU.S. Government Securities4,784 
106,513 GNMA GTD REMIC P/T 15-H10 JAU.S. Government Securities103,831 
458,000 TENNESSEE VALLEY AUTH BDU.S. Government Securities411,534 
430,000 TENNESSEE VALLEY AUTH BDU.S. Government Securities350,960 
7,300,000 U S TREASURY BONDU.S. Government Securities5,546,574 
735,000 U S TREASURY BONDU.S. Government Securities522,195 
12,680,000 U S TREASURY BONDU.S. Government Securities8,220,702 
20,695,000 U S TREASURY BONDU.S. Government Securities13,911,729 
11,665,000 U S TREASURY BONDU.S. Government Securities8,313,591 
7,290,000 U S TREASURY BONDU.S. Government Securities5,936,224 
945,000 U S TREASURY BONDU.S. Government Securities780,917 
17,445,000 U S TREASURY BONDU.S. Government Securities14,197,913 
3,290,000 U S TREASURY BONDU.S. Government Securities2,905,995 
3,875,000 U S TREASURY BONDU.S. Government Securities3,414,087 
2,190,000 U S TREASURY BONDU.S. Government Securities1,953,805 
1,410,000 U S TREASURY BONDU.S. Government Securities1,288,498 
4,085,000 U S TREASURY BONDU.S. Government Securities3,903,090 
465,000 U S TREASURY BONDU.S. Government Securities451,268 
32

2,065,000 U S TREASURY BONDU.S. Government Securities1,870,761 
3,200,000 U S TREASURY BONDU.S. Government Securities3,056,500 
1,735,000 U S TREASURY NOTEU.S. Government Securities1,733,014 
16,730,000 U S TREASURY NOTEU.S. Government Securities14,836,765 
15,850,000 U S TREASURY NOTEU.S. Government Securities15,503,281 
21,590,000 U S TREASURY NOTEU.S. Government Securities21,057,840 
670,000 U S TREASURY NOTEU.S. Government Securities623,336 
7,445,000 U S TREASURY NOTEU.S. Government Securities6,842,420 
18,460,000 U S TREASURY NOTEU.S. Government Securities17,570,891 
3,375,000 U S TREASURY NOTEU.S. Government Securities3,360,234 
9,315,000 U S TREASURY NOTEU.S. Government Securities8,919,476 
9,285,000 U S TREASURY NOTEU.S. Government Securities9,144,274 
13,275,000 U S TREASURY NOTEU.S. Government Securities12,555,246 
1,580,000 U S TREASURY NOTEU.S. Government Securities1,513,652 
14,610,000 U S TREASURY NOTEU.S. Government Securities14,144,306 
21,340,000 U S TREASURY NOTEU.S. Government Securities20,277,168 
7,260,000 U S TREASURY NOTEU.S. Government Securities6,984,630 
4,240,000 U S TREASURY NOTEU.S. Government Securities4,190,644 
1,090,000 U S TREASURY NOTEU.S. Government Securities1,066,838 
4,295,000 U S TREASURY NOTEU.S. Government Securities4,184,270 
8,740,000 U S TREASURY NOTEU.S. Government Securities8,552,909 
105,000 U S TREASURY NOTEU.S. Government Securities105,082 
9,365,000 U S TREASURY NOTEU.S. Government Securities9,359,147 
2,289,005 FHLMC MULTICLASS MTGU.S. Government Securities2,315,399 
1,026 GNMA II POOL #0765229U.S. Government Securities996 
232 GNMA II POOL #0766529U.S. Government Securities223 
27 GNMA II POOL #0766544U.S. Government Securities26 
52 GNMA II POOL #0766566U.S. Government Securities51 
42,561 GNMA II POOL #0771824U.S. Government Securities42,408 
63,342 GNMA II POOL #0771828U.S. Government Securities62,824 
22,653 GNMA II POOL #0771829U.S. Government Securities22,534 
10,598 GNMA II POOL #0798521U.S. Government Securities10,275 
105 GNMA II POOL #0AA7508U.S. Government Securities104 
20,072 GNMA II POOL #0AB6552U.S. Government Securities19,986 
279 GNMA II POOL #0AC0988U.S. Government Securities276 
41 GNMA II POOL #0AC9906U.S. Government Securities40 
16,159 GNMA II POOL #0AE0488U.S. Government Securities15,890 
4,742 GNMA II POOL #0AF7339U.S. Government Securities4,668 
17,387 GNMA II POOL #0AF7379U.S. Government Securities17,054 
105,059 GNMA II POOL #0AH1236U.S. Government Securities103,852 
51,020 GNMA II POOL #0AH1377U.S. Government Securities50,678 
59,775 GNMA II POOL #0AK0201U.S. Government Securities59,218 
62,919 GNMA II POOL #0AK8743U.S. Government Securities62,498 
50,894 GNMA II POOL #0AL7424U.S. Government Securities50,621 
35,491 GNMA II POOL #0AR6523U.S. Government Securities34,937 
74,993 GNMA II POOL #0AR6570U.S. Government Securities74,089 
89,376 GNMA II POOL #0AR7510U.S. Government Securities88,549 
255,599 GNMA II POOL #0AS6008U.S. Government Securities252,265 
56,733 GNMA II POOL #0AS5980U.S. Government Securities56,022 
49,744 GNMA II POOL #0AS8942U.S. Government Securities49,370 
48,193 GNMA II POOL #0AU1288U.S. Government Securities47,857 
65,438 GNMA II POOL #0AU1850U.S. Government Securities64,849 
61,396 GNMA II POOL #0AU3149U.S. Government Securities60,851 
120,895 GNMA II POOL #0AW1858U.S. Government Securities119,933 
183,903 GNMA II POOL #0AY2208U.S. Government Securities182,067 
71 GNMA II POOL #0751415U.S. Government Securities70 
2,634 GNMA II POOL #0756718U.S. Government Securities2,585 
354 GNMA GTD REMIC P/T 15-H13 FLU.S. Government Securities351 
7,480,000 U S TREASURY BILLU.S. Government Securities7,403,716 
14,395,000 U S TREASURY BILLU.S. Government Securities14,386,850 
5,780,000 U S TREASURY BILLU.S. Government Securities5,771,956 
33

32,171,953 EB Temporary Investment Fund *Common Collective Trust Fund32,171,953 
Diversified Bond Fund Subtotal$1,446,233,755 
International Equity FundAmerican Funds, First Eagle, All Spring and VanguardSeparately Managed Fund
6,167,851 ALLSPRING EMRG MRK EQ-R6Mutual Fund$159,562,312 
6,868,631 AMER FNDS EUROPAC GROW-R6Mutual Fund368,982,879 
16,464,460 FIRST EAGLE OVERSEAS-R6Mutual Fund402,720,698 
17,870,656 HARTFORD INTL VAL-R6Mutual Fund324,531,122 
3,478,021 VANGUARD INTL GROWTH-ADMMutual Fund353,262,643 
CashCash(1,695)
International Equity Fund Subtotal$1,609,057,959 
Small Mid Cap Core FundBarron Discovery Strategy, DF Dent Mid Cap Growth, Snyder Capital Mgt Small/Mid Cap Value, MFS Mid Cap Value EquitySeparately Managed Fund
54,507 ESTABLISHMENT LABS HOLDINGS INCommon Stock$2,511,137 
6,882 NOVANTA INCCommon Stock1,051,363 
14,808 CYBERARK SOFTWARE LTDCommon Stock4,933,285 
7,523 NOVA LTDCommon Stock1,481,655 
123,070 STEVANATO GROUP SPACommon Stock2,681,695 
33,754 ON HOLDING AGCommon Stock1,848,707 
5,856 AAON INCCommon Stock689,134 
14,831 ASGN INCCommon Stock1,236,016 
25,033 ADVANCED ENERGY INDUSTRIES INCCommon Stock2,894,566 
45,673 ALKAMI TECHNOLOGY INCCommon Stock1,675,286 
6,174 AXON ENTERPRISE INCCommon Stock3,669,332 
160,326 CAREDX INCCommon Stock3,432,580 
50,480 DAYFORCE INCCommon Stock3,666,867 
18,211 CHART INDUSTRIES INCCommon Stock3,475,387 
137,675 CLEARWATER ANALYTICS HOLDINGSCommon Stock3,788,816 
94,202 COUCHBASE INCCommon Stock1,468,609 
113,647 DRAFTKINGS INCCommon Stock4,227,668 
39,434 DYNATRACE INCCommon Stock2,143,238 
35,369 ENERPAC TOOL GROUP CORPCommon Stock1,453,312 
63,000 EXACT SCIENCES CORPCommon Stock3,539,970 
27,699 FLOOR & DECOR HOLDINGS INCCommon Stock2,761,590 
61,989 GITLAB INCCommon Stock3,493,080 
21,628 GUIDEWIRE SOFTWARE INCCommon Stock3,646,048 
70,204 INARI MEDICAL INCCommon Stock3,583,914 
93,378 INDEPENDENCE REALTY TRUST INCCommon Stock1,852,620 
431,036 INDIE SEMICONDUCTOR INCCommon Stock1,745,696 
9,800 INSPIRE MEDICAL SYSTEMS INCCommon Stock1,816,724 
14,463 INTEGER HOLDINGS CORPCommon Stock1,916,637 
35,631 INTAPP INCCommon Stock2,283,591 
6,880 KINSALE CAPITAL GROUP INCCommon Stock3,200,094 
181,919 KRATOS DEFENSE & SECURITY SOLUCommon Stock4,799,023 
65,149 LIBERTY MEDIA CORP-LIBERTY LIVCommon Stock4,434,041 
18,320 LIBERTY MEDIA CORP-LIBERTY FORCommon Stock1,539,613 
11,557 LOAR HOLDINGS INCCommon Stock854,178 
103,259 MACERICH CO/THECommon Stock2,056,919 
149,258 MARAVAI LIFESCIENCES HOLDINGSCommon Stock813,456 
21,244 MASIMO CORPCommon Stock3,511,633 
84,675 MERCURY SYSTEMS INCCommon Stock3,556,350 
145,016 MONTROSE ENVIRONMENTAL GROUP ICommon Stock2,690,047 
62,818 PAR TECHNOLOGY CORPCommon Stock4,564,984 
30,900 PROCORE TECHNOLOGIES INCCommon Stock2,315,337 
2,797 RHCommon Stock1,100,871 
34

5,260 RBC BEARINGS INCCommon Stock1,573,476 
27,756 RED ROCK RESORTS INCCommon Stock1,283,437 
11,343 REDDIT INCCommon Stock1,853,900 
11,559 REPLIGEN CORPCommon Stock1,663,802 
162,160 SENTINELONE INCCommon Stock3,599,952 
20,251 SERVICETITAN INCCommon Stock2,083,220 
24,586 SITEONE LANDSCAPE SUPPLY INCCommon Stock3,239,697 
5,978 SITIME CORPCommon Stock1,282,460 
71,861 TWFG INCCommon Stock2,213,319 
32,261 TEMPUS AI INCCommon Stock1,089,131 
18,448 TEXAS ROADHOUSE INCCommon Stock3,328,573 
21,929 TREX CO INCCommon Stock1,513,759 
41,778 VARONIS SYSTEMS INCCommon Stock1,856,197 
60,562 VERACYTE INCCommon Stock2,398,255 
17,636 WASTE CONNECTIONS INCCommon Stock3,025,985 
45,934 WNS HOLDINGS LTDCommon Stock2,176,812 
27,303 ENDAVA PLCCommon Stock843,663 
7,146 ANSYS INCCommon Stock2,410,560 
13,961 APPFOLIO INCCommon Stock3,444,458 
7,384 ATLASSIAN CORPCommon Stock1,797,118 
55,533 BIO-TECHNE CORPCommon Stock4,000,042 
32,470 CBRE GROUP INCCommon Stock4,262,986 
7,252 CADENCE DESIGN SYSTEMS INCCommon Stock2,178,936 
33,804 CARMAX INCCommon Stock2,763,815 
59,554 COSTAR GROUP INCCommon Stock4,263,471 
20,889 ECOLAB INCCommon Stock4,894,710 
29,436 EDWARDS LIFESCIENCES CORPCommon Stock2,179,147 
14,990 ENTEGRIS INCCommon Stock1,484,909 
12,813 FASTENAL COCommon Stock921,383 
18,070 FLOOR & DECOR HOLDINGS INCCommon Stock1,801,579 
35,493 GOOSEHEAD INSURANCE INCCommon Stock3,805,559 
16,816 GUIDEWIRE SOFTWARE INCCommon Stock2,834,841 
21,282 HEICO CORPCommon Stock3,960,155 
7,822 IDEX CORPCommon Stock1,637,066 
5,008 KINSALE CAPITAL GROUP INCCommon Stock2,329,371 
3,580 MSCI INCCommon Stock2,148,036 
2,426 MARKEL GROUP INCCommon Stock4,187,834 
4,268 MEDPACE HOLDINGS INCCommon Stock1,417,958 
1,905 METTLER-TOLEDO INTERNATIONAL ICommon Stock2,331,110 
25,601 MICROCHIP TECHNOLOGY INCCommon Stock1,468,217 
2,915 MONOLITHIC POWER SYSTEMS INCCommon Stock1,724,806 
5,386 MOODY'S CORPCommon Stock2,549,571 
21,793 OLD DOMINION FREIGHT LINE INCCommon Stock3,844,285 
18,911 REPLIGEN CORPCommon Stock2,722,049 
13,378 SITEONE LANDSCAPE SUPPLY INCCommon Stock1,762,819 
2,601 TRANSDIGM GROUP INCCommon Stock3,296,195 
2,121 TYLER TECHNOLOGIES INCCommon Stock1,223,053 
22,838 VEEVA SYSTEMS INCCommon Stock4,801,690 
41,022 VERALTO CORPCommon Stock4,178,091 
4,607 VERISK ANALYTICS INCCommon Stock1,268,906 
21,158 VULCAN MATERIALS COCommon Stock5,442,472 
10,345 WEST PHARMACEUTICAL SERVICES ICommon Stock3,388,608 
15,586 HELEN OF TROY LTDCommon Stock932,510 
109,529 EXPRO GROUP HOLDINGS NVCommon Stock1,365,827 
37,173 AAR CORPCommon Stock2,277,961 
23,394 ADVANCED ENERGY INDUSTRIES INCCommon Stock2,705,048 
24,344 ALBANY INTERNATIONAL CORPCommon Stock1,946,790 
55,882 AMKOR TECHNOLOGY INCCommon Stock1,435,609 
80,452 ARCHROCK INCCommon Stock2,002,450 
80,440 BOX INCCommon Stock2,541,904 
39,899 CTS CORPCommon Stock2,103,874 
31,815 CABOT CORPCommon Stock2,905,028 
35

38,980 CASELLA WASTE SYSTEMS INCCommon Stock4,124,474 
64,732 CHEESECAKE FACTORY INC/THECommon Stock3,070,886 
25,109 CONMED CORPCommon Stock1,718,460 
84,635 CORE LABORATORIES INCCommon Stock1,465,032 
44,645 COPT DEFENSE PROPERTIESCommon Stock1,381,763 
20,516 CRACKER BARREL OLD COUNTRY STOCommon Stock1,084,476 
62,435 DARLING INGREDIENTS INCCommon Stock2,103,435 
27,957 DIODES INCCommon Stock1,724,108 
23,547 ENERSYSCommon Stock2,176,449 
13,535 ENTEGRIS INCCommon Stock1,340,777 
44,982 ENTERPRISE FINANCIAL SERVICESCommon Stock2,536,985 
61,670 FIRST MERCHANTS CORPCommon Stock2,460,016 
23,394 FIRSTCASH HOLDINGS INCCommon Stock2,423,618 
68,529 FLOWSERVE CORPCommon Stock3,941,788 
78,449 FORMFACTOR INCCommon Stock3,451,756 
66,538 FOUR CORNERS PROPERTY TRUST INCommon Stock1,805,841 
31,631 FRANKLIN ELECTRIC CO INCCommon Stock3,082,441 
19,873 GATX CORPCommon Stock3,079,520 
44,430 HEARTLAND FINANCIAL USA INCCommon Stock2,723,781 
54,198 HELMERICH & PAYNE INCCommon Stock1,735,420 
43,267 HEXCEL CORPCommon Stock2,712,841 
28,875 HORACE MANN EDUCATORS CORPCommon Stock1,132,766 
32,550 HOULIHAN LOKEY INCCommon Stock5,652,633 
27,865 INTEGER HOLDINGS CORPCommon Stock3,692,670 
9,064 LITTELFUSE INCCommon Stock2,135,932 
14,729 MERITAGE HOMES CORPCommon Stock2,265,615 
18,373 MOOG INCCommon Stock3,616,541 
103,772 OCEANEERING INTERNATIONAL INCCommon Stock2,706,374 
32,182 ONE GAS INCCommon Stock2,228,604 
47,370 PARSONS CORPCommon Stock4,369,883 
65,222 PEBBLEBROOK HOTEL TRUSTCommon Stock883,758 
18,189 PLEXUS CORPCommon Stock2,846,215 
17,087 REINSURANCE GROUP OF AMERICA ICommon Stock3,650,296 
15,892 RYDER SYSTEM INCCommon Stock2,492,819 
24,711 SPX TECHNOLOGIES INCCommon Stock3,595,945 
686,230 SABRE CORPCommon Stock2,504,740 
40,572 SCOTTS MIRACLE-GRO CO/THECommon Stock2,691,546 
33,132 SOUTHSTATE CORPCommon Stock3,295,971 
62,496 STAG INDUSTRIAL INCCommon Stock2,113,615 
27,467 STIFEL FINANCIAL CORPCommon Stock2,913,699 
21,343 TIMKEN CO/THECommon Stock1,523,250 
15,525 TRINET GROUP INCCommon Stock1,409,204 
79,246 TRUSTMARK CORPCommon Stock2,802,931 
84,237 UNITED COMMUNITY BANKS INC/GACommon Stock2,721,697 
63,844 UNITED BANKSHARES INC/WVCommon Stock2,397,342 
24,121 UNITED FIRE GROUP INCCommon Stock686,242 
76,857 WOLVERINE WORLD WIDE INCCommon Stock1,706,225 
2,204 EVEREST GROUP LTDCommon Stock798,862 
4,787 VIKING HOLDINGS LTDCommon Stock210,915 
12,862 VIKING HOLDINGS LTDCommon Stock566,700 
23,342 GFL ENVIRONMENTAL INCCommon Stock1,039,653 
7,948 ALLEGION PLCCommon Stock1,038,645 
3,876 ICON PLCCommon Stock812,836 
9,699 JOHNSON CONTROLS INTERNATIONALCommon Stock765,542 
11,937 PENTAIR PLCCommon Stock1,201,340 
4,047 STERIS PLCCommon Stock831,901 
7,108 TE CONNECTIVITY PLCCommon Stock1,016,231 
4,864 WILLIS TOWERS WATSON PLCCommon Stock1,523,599 
4,606 CHECK POINT SOFTWARE TECHNOLOGCommon Stock859,940 
18,146 APTIV PLCCommon Stock1,097,470 
4,273 NXP SEMICONDUCTORS NVCommon Stock888,143 
35,255 FLEX LTDCommon Stock1,353,439 
36

13,835 COCA-COLA EUROPACIFIC PARTNERSCommon Stock1,062,666 
37,810 INTERNATIONAL GAME TECHNOLOGYCommon Stock667,725 
24,280 TECHNIPFMC PLCCommon Stock702,663 
10,151 AGCO CORPCommon Stock948,915 
46,919 AES CORP/THECommon Stock603,848 
12,677 AGILENT TECHNOLOGIES INCCommon Stock1,703,028 
10,084 ALASKA AIR GROUP INCCommon Stock652,939 
47,801 ALBERTSONS COS INCCommon Stock938,812 
20,693 ALLIANT ENERGY CORPCommon Stock1,223,784 
16,155 AMERICAN INTERNATIONAL GROUP ICommon Stock1,176,084 
5,942 CENCORA INCCommon Stock1,335,049 
32,145 ARAMARKCommon Stock1,199,330 
14,047 ASHLAND INCCommon Stock1,003,799 
7,049 ASSURANT INCCommon Stock1,502,988 
5,937 ATMOS ENERGY CORPCommon Stock826,846 
5,133 AVERY DENNISON CORPCommon Stock960,538 
3,776 AVIS BUDGET GROUP INCCommon Stock304,383 
11,476 BJ'S WHOLESALE CLUB HOLDINGS ICommon Stock1,025,381 
14,723 BERRY GLOBAL GROUP INCCommon Stock952,136 
3,726 BIOGEN INCCommon Stock569,780 
42,808 BRIXMOR PROPERTY GROUP INCCommon Stock1,191,775 
13,415 BRUNSWICK CORP/DECommon Stock867,682 
5,303 BUILDERS FIRSTSOURCE INCCommon Stock757,958 
4,493 CDW CORP/DECommon Stock781,962 
19,199 CMS ENERGY CORPCommon Stock1,279,613 
14,977 CARLYLE GROUP INC/THECommon Stock756,189 
29,349 CENTERPOINT ENERGY INCCommon Stock931,244 
12,490 EXPAND ENERGY CORPCommon Stock1,243,380 
24,471 COLUMBIA BANKING SYSTEM INCCommon Stock660,962 
25,379 CONAGRA BRANDS INCCommon Stock704,267 
37,792 COREBRIDGE FINANCIAL INCCommon Stock1,131,115 
24,724 CORNING INCCommon Stock1,174,884 
23,433 CORTEVA INCCommon Stock1,334,744 
3,833 DARDEN RESTAURANTS INCCommon Stock715,583 
18,767 DELTA AIR LINES INCCommon Stock1,135,404 
7,692 DIAMONDBACK ENERGY INCCommon Stock1,260,180 
5,890 DISCOVER FINANCIAL SERVICESCommon Stock1,020,325 
11,563 DOW INCCommon Stock464,023 
61,888 DUN & BRADSTREET HOLDINGS INCCommon Stock771,124 
16,270 DUPONT DE NEMOURS INCCommon Stock1,240,588 
12,776 EAST WEST BANCORP INCCommon Stock1,223,430 
14,136 EASTMAN CHEMICAL COCommon Stock1,290,900 
10,260 EDISON INTERNATIONALCommon Stock819,158 
7,335 ELECTRONIC ARTS INCCommon Stock1,073,111 
23,625 EQUITABLE HOLDINGS INCCommon Stock1,114,391 
3,667 ESSEX PROPERTY TRUST INCCommon Stock1,046,708 
3,620 EVERCORE INCCommon Stock1,003,428 
9,032 EXTRA SPACE STORAGE INCCommon Stock1,351,187 
13,847 FIDELITY NATIONAL INFORMATIONCommon Stock1,118,422 
8,334 GE HEALTHCARE TECHNOLOGIES INCCommon Stock651,552 
12,560 GLOBAL PAYMENTS INCCommon Stock1,407,474 
53,524 GRAPHIC PACKAGING HOLDING COCommon Stock1,453,712 
19,489 HALLIBURTON COCommon Stock529,906 
6,342 HANOVER INSURANCE GROUP INC/THCommon Stock980,854 
17,398 HARTFORD INSURANCE GROUP INC/TCommon Stock1,903,341 
3,750 HERSHEY CO/THECommon Stock635,063 
10,435 HOWMET AEROSPACE INCCommon Stock1,141,276 
2,757 HUMANA INCCommon Stock699,478 
4,305 JB HUNT TRANSPORT SERVICES INCCommon Stock734,691 
6,070 HYATT HOTELS CORPCommon Stock952,869 
6,826 ITT INCCommon Stock975,299 
7,164 INGREDION INCCommon Stock985,480 
37

11,611 INTERNATIONAL FLAVORS & FRAGRACommon Stock981,710 
15,782 INTERNATIONAL PAPER COCommon Stock849,387 
8,705 JACOBS SOLUTIONS INCCommon Stock1,163,162 
3,727 JONES LANG LASALLE INCCommon Stock943,453 
19,122 KBR INCCommon Stock1,107,737 
58,527 KENVUE INCCommon Stock1,249,551 
11,374 KNIGHT-SWIFT TRANSPORTATION HOCommon Stock603,277 
34,715 LKQ CORPCommon Stock1,275,776 
4,381 L3HARRIS TECHNOLOGIES INCCommon Stock921,237 
3,605 LABCORP HOLDINGS INCCommon Stock826,699 
8,596 LAMB WESTON HOLDINGS INCCommon Stock574,471 
4,538 ESTEE LAUDER COS INC/THECommon Stock340,259 
6,216 LEIDOS HOLDINGS INCCommon Stock895,477 
23,718 LINCOLN NATIONAL CORPCommon Stock752,098 
9,400 M&T BANK CORPCommon Stock1,767,294 
5,796 MARVELL TECHNOLOGY INCCommon Stock640,168 
40,036 MATTEL INCCommon Stock709,838 
6,690 MID-AMERICA APARTMENT COMMUNITCommon Stock1,034,073 
5,433 MOHAWK INDUSTRIES INCCommon Stock647,233 
64,612 NEWELL BRANDS INCCommon Stock643,536 
3,800 NORFOLK SOUTHERN CORPCommon Stock891,860 
14,221 NORTHERN TRUST CORPCommon Stock1,457,653 
8,331 OMNICOM GROUP INCCommon Stock716,799 
12,778 ON SEMICONDUCTOR CORPCommon Stock805,653 
1,818 ONTO INNOVATION INCCommon Stock303,006 
24,568 ORGANON & COCommon Stock366,555 
8,928 OTIS WORLDWIDE CORPCommon Stock826,822 
102,505 PG&E CORPCommon Stock2,068,551 
8,995 PVH CORPCommon Stock951,221 
7,888 PACCAR INCCommon Stock820,510 
5,835 REVVITY INCCommon Stock651,244 
74,343 PERMIAN RESOURCES CORPCommon Stock1,069,052 
12,129 PINNACLE WEST CAPITAL CORPCommon Stock1,028,175 
46,727 PLAINS GP HOLDINGS LPCommon Stock858,842 
9,371 PROSPERITY BANCSHARES INCCommon Stock706,105 
18,154 PUBLIC SERVICE ENTERPRISE GROUCommon Stock1,533,831 
2,777 QUANTA SERVICES INCCommon Stock877,671 
12,407 RAYMOND JAMES FINANCIAL INCCommon Stock1,927,179 
6,976 REGAL REXNORD CORPCommon Stock1,082,187 
50,455 REGIONS FINANCIAL CORPCommon Stock1,186,702 
6,757 ROSS STORES INCCommon Stock1,022,131 
47,739 SLM CORPCommon Stock1,316,642 
12,892 SEMPRACommon Stock1,130,886 
16,783 SKECHERS USA INCCommon Stock1,128,489 
6,674 SKYWORKS SOLUTIONS INCCommon Stock591,850 
18,331 STAG INDUSTRIAL INCCommon Stock619,954 
10,810 STANLEY BLACK & DECKER INCCommon Stock867,935 
8,181 SUN COMMUNITIES INCCommon Stock1,006,018 
11,143 SYSCO CORPCommon Stock851,994 
16,414 TPG INCCommon Stock1,031,456 
9,480 TARGA RESOURCES CORPCommon Stock1,692,180 
3,753 TELEFLEX INCCommon Stock667,959 
11,000 TOLL BROTHERS INCCommon Stock1,385,450 
10,797 TRANSUNIONCommon Stock1,000,990 
22,345 US FOODS HOLDING CORPCommon Stock1,507,394 
25,473 UNITED STATES STEEL CORPCommon Stock865,827 
4,709 UNIVERSAL HEALTH SERVICES INCCommon Stock844,889 
7,226 VALERO ENERGY CORPCommon Stock885,835 
14,745 VENTAS INCCommon Stock868,333 
39,840 VICI PROPERTIES INCCommon Stock1,163,726 
14,342 VOYA FINANCIAL INCCommon Stock987,160 
17,085 WP CAREY INCCommon Stock930,791 
38

6,899 WESTINGHOUSE AIR BRAKE TECHNOLCommon Stock1,307,981 
6,533 XPO INCCommon Stock856,803 
2,989 ZEBRA TECHNOLOGIES CORPCommon Stock1,154,412 
6,355 ZIMMER BIOMET HOLDINGS INCCommon Stock671,279 
10,048 STANDARDAERO INCCommon Stock248,788 
54,296 WASTE CONNECTIONS INCCommon Stock9,316,108 
17,353 STERIS PLCCommon Stock3,567,083 
112,277 RENTOKIL INITIAL PLCCommon Stock2,842,854 
43,627 AMETEK INCCommon Stock7,864,203 
136,475 AMPHENOL CORPCommon Stock9,478,189 
65,065 BWX TECHNOLOGIES INCCommon Stock7,247,590 
64,557 BIO-TECHNE CORPCommon Stock4,650,041 
65,811 BROWN & BROWN INCCommon Stock6,714,038 
45,832 CABOT CORPCommon Stock4,184,920 
20,809 CHARLES RIVER LABORATORIES INTCommon Stock3,841,341 
45,450 CLEAN HARBORS INCCommon Stock10,459,863 
50,485 COHERENT CORPCommon Stock4,782,444 
62,130 COPART INCCommon Stock3,565,641 
54,400 DOLBY LABORATORIES INCCommon Stock4,248,640 
79,684 ENTEGRIS INCCommon Stock7,893,497 
68,702 FMC CORPCommon Stock3,339,604 
41,348 FIRST AMERICAN FINANCIAL CORPCommon Stock2,581,769 
35,571 GRACO INCCommon Stock2,998,280 
147,483 HALOZYME THERAPEUTICS INCCommon Stock7,051,162 
20,635 HEICO CORPCommon Stock3,839,761 
29,069 HEXCEL CORPCommon Stock1,822,626 
362,339 HUNTINGTON BANCSHARES INC/OHCommon Stock5,895,256 
20,127 IDEX CORPCommon Stock4,212,380 
45,901 INGREDION INCCommon Stock6,314,142 
15,951 KEYSIGHT TECHNOLOGIES INCCommon Stock2,562,209 
131,401 LKQ CORPCommon Stock4,828,987 
1,272 MARKEL GROUP INCCommon Stock2,195,765 
22,792 MID-AMERICA APARTMENT COMMUNITCommon Stock3,522,959 
88,200 NNN REIT INCCommon Stock3,602,970 
51,561 PROSPERITY BANCSHARES INCCommon Stock3,885,121 
108,288 SS&C TECHNOLOGIES HOLDINGS INCCommon Stock8,206,065 
70,260 HENRY SCHEIN INCCommon Stock4,861,992 
174,759 UGI CORPCommon Stock4,933,447 
17,740 WEX INCCommon Stock3,110,177 
23,908 WOODWARD INCCommon Stock3,978,769 
12,656 BOEING CO/THECommon Stock778,597 
17,119,132 EB Temporary Investment Fund *Common Collective Trust Fund17,119,133 
Small Mid Cap Core Fund Subtotal$715,395,365 
 
Large Cap Core FundColumbia Threadneedle, T. Rowe Price, Barrow Hanley, Wellington and MFS Growth EquitySeparately Managed Fund
60,475 ARCH CAPITAL GROUP LTDCommon Stock$5,584,866 
97,726 AXIS CAPITAL HOLDINGS LTDCommon Stock8,660,478 
288,120 AXALTA COATING SYSTEMS LTDCommon Stock9,859,466 
1,049,791 BARRICK GOLD CORPCommon Stock16,271,761 
253,706 ENBRIDGE INCCommon Stock10,764,746 
62,272 SHOPIFY INCCommon Stock6,621,382 
31,284 SHOPIFY INCCommon Stock3,326,428 
28,787 SEA LTDCommon Stock3,054,301 
46,058 SCHLUMBERGER LTDCommon Stock1,765,864 
15,609 LVMH MOET HENNESSY LOUIS VUITTCommon Stock2,039,940 
191,107 SANOFI SACommon Stock9,217,091 
22,058 ACCENTURE PLCCommon Stock7,759,784 
111,757 CRH PLCCommon Stock10,339,758 
39

41,330 EATON CORP PLCCommon Stock13,716,187 
141,324 JOHNSON CONTROLS INTERNATIONALCommon Stock11,154,703 
19,645 LINDE PLCCommon Stock8,224,772 
7,256 LINDE PLCCommon Stock3,037,870 
86,607 MEDTRONIC PLCCommon Stock6,918,167 
22,344 TE CONNECTIVITY PLCCommon Stock3,194,522 
15,998 TRANE TECHNOLOGIES PLCCommon Stock5,908,861 
35,537 WILLIS TOWERS WATSON PLCCommon Stock11,131,610 
56,769 NICE LTDCommon Stock9,641,647 
115,842 APTIV PLCCommon Stock7,006,124 
24,864 SPOTIFY TECHNOLOGY SACommon Stock11,123,656 
110,965 ADYEN NVCommon Stock1,626,747 
89,666 AERCAP HOLDINGS NVCommon Stock8,581,036 
9,992 ASML HOLDING NVCommon Stock6,925,255 
8,635 ASML HOLDING NVCommon Stock5,984,746 
619,391 CARNIVAL CORPCommon Stock15,435,224 
30,104 CHUBB LTDCommon Stock8,317,735 
30,347 CHUBB LTDCommon Stock8,384,876 
28,351 CHUBB LTDCommon Stock7,833,381 
40,690 TAIWAN SEMICONDUCTOR MANUFACTUCommon Stock8,035,868 
20,788 TAIWAN SEMICONDUCTOR MANUFACTUCommon Stock4,105,422 
7,154 ASTRAZENECA PLCCommon Stock468,730 
81,674 SMITH & NEPHEW PLCCommon Stock2,007,547 
607,745 TECHNIPFMC PLCCommon Stock17,588,140 
2,751,438 AES CORP/THECommon Stock35,411,007 
80,752 ABBOTT LABORATORIESCommon Stock9,133,859 
93,033 AECOMCommon Stock9,937,785 
3,201 ADVANCED MICRO DEVICES INCCommon Stock386,649 
38,986 AIR PRODUCTS AND CHEMICALS INCCommon Stock11,307,499 
46,594 ALLSTATE CORP/THECommon Stock8,982,857 
290,890 ALPHABET INCCommon Stock55,397,092 
5,138 ALPHABET INCCommon Stock978,481 
60,333 ALPHABET INCCommon Stock11,489,817 
218,596 ALPHABET INCCommon Stock41,380,223 
62,225 ALPHABET INCCommon Stock11,779,193 
206,856 ALPHABET INCCommon Stock39,157,841 
262,991 ALPHABET INCCommon Stock49,784,196 
352,375 AMAZON.COM INCCommon Stock77,307,551 
311,620 AMAZON.COM INCCommon Stock68,366,312 
208,472 AMAZON.COM INCCommon Stock45,736,672 
42,380 AMERICAN EXPRESS COCommon Stock12,577,960 
29,837 AMERICAN EXPRESS COCommon Stock8,855,323 
473,903 AMERICAN INTERNATIONAL GROUP ICommon Stock34,500,138 
111,481 AMERICAN INTERNATIONAL GROUP ICommon Stock8,115,817 
176,582 AMERICAN TOWER CORPCommon Stock32,386,905 
3,975 AMETEK INCCommon Stock716,534 
39,605 AMETEK INCCommon Stock7,139,197 
172,006 AMPHENOL CORPCommon Stock11,945,817 
5,879 ELEVANCE HEALTH INCCommon Stock2,168,763 
20,981 ELEVANCE HEALTH INCCommon Stock7,739,891 
36,183 APOLLO GLOBAL MANAGEMENT INCCommon Stock5,975,984 
335,395 APPLE INCCommon Stock83,989,616 
287,942 APPLE INCCommon Stock72,106,436 
209,214 APPLE INCCommon Stock52,391,370 
178,944 APPLIED MATERIALS INCCommon Stock29,101,663 
190,058 ARAMARKCommon Stock7,091,064 
43,642 ARES MANAGEMENT CORPCommon Stock7,725,943 
28,802 ATLASSIAN CORPCommon Stock7,009,831 
2,136 ATLASSIAN CORPCommon Stock519,860 
48,746 ATMOS ENERGY CORPCommon Stock6,788,855 
38,388 AUTODESK INCCommon Stock11,346,341 
2,712 AUTOZONE INCCommon Stock8,683,824 
40

479,060 AVANTOR INCCommon Stock10,093,794 
72,561 BWX TECHNOLOGIES INCCommon Stock8,082,570 
772,696 BANK OF AMERICA CORPCommon Stock33,959,989 
241,890 BANK OF AMERICA CORPCommon Stock10,631,066 
281,723 BANK OF AMERICA CORPCommon Stock12,381,726 
16,612 BILL HOLDINGS INCCommon Stock1,407,203 
40,159 BOEING CO/THECommon Stock7,108,143 
238,340 BOEING CO/THECommon Stock42,186,180 
1,695 BOOKING HOLDINGS INCCommon Stock8,421,472 
152,477 BOSTON SCIENTIFIC CORPCommon Stock13,619,246 
117,199 BOSTON SCIENTIFIC CORPCommon Stock10,468,215 
603,461 BRISTOL-MYERS SQUIBB COCommon Stock34,131,754 
121,059 BROADCOM INCCommon Stock28,066,319 
71,465 BROADCOM INCCommon Stock16,568,446 
23,359 BROADCOM INCCommon Stock5,415,551 
36,150 BUILDERS FIRSTSOURCE INCCommon Stock5,166,920 
31,710 CDW CORP/DECommon Stock5,518,808 
122,368 CIGNA GROUP/THECommon Stock33,790,700 
972,827 CSX CORPCommon Stock31,393,127 
18,456 CACI INTERNATIONAL INCCommon Stock7,457,331 
20,559 CADENCE DESIGN SYSTEMS INCCommon Stock6,177,157 
75,208 CARVANA COCommon Stock15,294,299 
90,476 CATERPILLAR INCCommon Stock32,821,074 
565,143 CENTENE CORPCommon Stock34,236,363 
313,248 CENTERPOINT ENERGY INCCommon Stock9,939,359 
31,943 CHENIERE ENERGY INCCommon Stock6,863,592 
37,923 EXPAND ENERGY CORPCommon Stock3,775,235 
204,291 CHEVRON CORPCommon Stock29,589,508 
132,027 CHIPOTLE MEXICAN GRILL INCCommon Stock7,961,228 
75,895 CHIPOTLE MEXICAN GRILL INCCommon Stock4,576,469 
146,615 CIENA CORPCommon Stock12,434,418 
398,155 CISCO SYSTEMS INCCommon Stock23,570,776 
9,752 CINTAS CORPCommon Stock1,781,690 
573,610 CITIGROUP INCCommon Stock40,376,408 
114,818 COGNIZANT TECHNOLOGY SOLUTIONSCommon Stock8,829,504 
33,725 COLGATE-PALMOLIVE COCommon Stock3,065,940 
43,530 COLGATE-PALMOLIVE COCommon Stock3,957,312 
238,186 COMCAST CORPCommon Stock8,939,121 
155,454 COMERICA INCCommon Stock9,614,830 
25,493 CONFLUENT INCCommon Stock712,784 
61,243 CONOCOPHILLIPSCommon Stock6,073,468 
24,769 CONSTELLATION BRANDS INCCommon Stock5,473,949 
28,128 CONSTELLATION ENERGY CORPCommon Stock6,292,515 
745,366 CORNING INCCommon Stock35,419,792 
52,793 COSTAR GROUP INCCommon Stock3,779,451 
6,843 CROWDSTRIKE HOLDINGS INCCommon Stock2,341,401 
182,789 CUBESMARTCommon Stock7,832,509 
25,554 DANAHER CORPCommon Stock5,865,921 
32,171 DANAHER CORPCommon Stock7,384,853 
33,963 DANAHER CORPCommon Stock7,796,207 
27,001 DATADOG INCCommon Stock3,858,173 
10,714 DATADOG INCCommon Stock1,530,923 
17,987 DEERE & COCommon Stock7,621,092 
28,988 DIAMONDBACK ENERGY INCCommon Stock4,749,104 
3,340 DOLLAR GENERAL CORPCommon Stock253,239 
20,184 DOORDASH INCCommon Stock3,385,866 
88,413 EDWARDS LIFESCIENCES CORPCommon Stock6,545,214 
64,957 ELECTRONIC ARTS INCCommon Stock9,503,209 
356,131 ELEMENT SOLUTIONS INCCommon Stock9,056,411 
53,832 EMERSON ELECTRIC COCommon Stock6,671,400 
167,741 ENTERGY CORPCommon Stock12,718,123 
167,749 EPAM SYSTEMS INCCommon Stock39,223,071 
41

8,926 EQUINIX INCCommon Stock8,416,236 
101,546 EVERUS CONSTRUCTION GROUP INCCommon Stock6,676,650 
102,582 EXXON MOBIL CORPCommon Stock11,034,746 
119,723 EXXON MOBIL CORPCommon Stock12,878,603 
94,539 META PLATFORMS INCCommon Stock55,353,530 
42,813 META PLATFORMS INCCommon Stock25,067,440 
95,042 META PLATFORMS INCCommon Stock55,648,041 
114,829 FIDELITY NATIONAL INFORMATIONCommon Stock9,274,738 
10,842 FISERV INCCommon Stock2,227,164 
27,807 FISERV INCCommon Stock5,712,114 
689,044 FIRSTENERGY CORPCommon Stock27,410,170 
1,752 FORTINET INCCommon Stock165,529 
885,657 FREEPORT-MCMORAN INCCommon Stock33,725,819 
20,202 ARTHUR J GALLAGHER & COCommon Stock5,734,338 
13,895 GARTNER INCCommon Stock6,731,711 
25,376 GE VERNOVA INCCommon Stock8,346,928 
17,217 GE VERNOVA INCCommon Stock5,663,188 
7,291 GE VERNOVA INCCommon Stock2,398,229 
24,121 GENERAL DYNAMICS CORPCommon Stock6,355,642 
33,751 GE AEROSPACECommon Stock5,629,329 
44,592 GE AEROSPACECommon Stock7,437,500 
8,940 GOLDMAN SACHS GROUP INC/THECommon Stock5,119,223 
6,764 GOLDMAN SACHS GROUP INC/THECommon Stock3,873,202 
9,118 GUIDEWIRE SOFTWARE INCCommon Stock1,537,112 
336,726 HALLIBURTON COCommon Stock9,155,580 
59,509 HESS CORPCommon Stock7,915,292 
43,163 HILTON WORLDWIDE HOLDINGS INCCommon Stock10,668,167 
86,827 HOWMET AEROSPACE INCCommon Stock9,496,269 
8,493 HUMANA INCCommon Stock2,154,759 
36,858 JB HUNT TRANSPORT SERVICES INCCommon Stock6,290,186 
68,964 INGERSOLL RAND INCCommon Stock6,238,483 
8,900 INTUIT INCCommon Stock5,593,650 
13,599 INTUIT INCCommon Stock8,546,972 
10,872 INTUIT INCCommon Stock6,833,052 
27,288 INTUITIVE SURGICAL INCCommon Stock14,243,244 
14,795 INTUITIVE SURGICAL INCCommon Stock7,722,398 
143,430 JPMORGAN CHASE & COCommon Stock34,381,605 
89,200 JPMORGAN CHASE & COCommon Stock21,382,132 
66,789 JACOBS SOLUTIONS INCCommon Stock8,924,346 
142,845 JEFFERIES FINANCIAL GROUP INCCommon Stock11,199,048 
13,474 KLA CORPCommon Stock8,490,237 
5,078 KLA CORPCommon Stock3,199,749 
110,625 KKR & CO INCCommon Stock16,362,544 
53,509 KKR & CO INCCommon Stock7,914,516 
311,746 KEURIG DR PEPPER INCCommon Stock10,013,282 
97,584 KNIFE RIVER CORPCommon Stock9,918,438 
14,888 LAM RESEARCH CORPCommon Stock1,075,360 
3,472 LAM RESEARCH CORPCommon Stock250,783 
207,828 LAS VEGAS SANDS CORPCommon Stock10,674,046 
85,378 ESTEE LAUDER COS INC/THECommon Stock6,401,642 
39,034 LENNAR CORPCommon Stock5,323,067 
34,055 ELI LILLY & COCommon Stock26,290,460 
12,041 ELI LILLY & COCommon Stock9,295,652 
22,825 ELI LILLY & COCommon Stock17,620,900 
19,523 LITHIA MOTORS INCCommon Stock6,978,106 
25,910 LITTELFUSE INCCommon Stock6,105,692 
153,777 LOWE'S COS INCCommon Stock37,952,164 
4,236 LULULEMON ATHLETICA INCCommon Stock1,619,889 
53,149 M&T BANK CORPCommon Stock9,992,543 
406,185 MDU RESOURCES GROUP INCCommon Stock7,319,454 
7,471 MSCI INCCommon Stock4,482,675 
300 MSCI INCCommon Stock180,003 
42

11,902 MANHATTAN ASSOCIATES INCCommon Stock3,216,396 
175,104 MARATHON PETROLEUM CORPCommon Stock24,427,008 
16,667 MARSH & MCLENNAN COS INCCommon Stock3,540,237 
34,481 MARRIOTT INTERNATIONAL INC/MDCommon Stock9,618,130 
52,447 MARVELL TECHNOLOGY INCCommon Stock5,792,771 
54,723 MASTERCARD INCCommon Stock28,815,490 
35,245 MASTERCARD INCCommon Stock18,558,960 
39,676 MASTERCARD INCCommon Stock20,892,191 
27,605 MCDONALD'S CORPCommon Stock8,002,413 
68,513 MERCK & CO INCCommon Stock6,815,673 
119,446 MERCK & CO INCCommon Stock11,882,488 
335,996 METLIFE INCCommon Stock27,511,352 
137,634 MICROSOFT CORPCommon Stock58,012,731 
239,815 MICROSOFT CORPCommon Stock101,082,023 
245,847 MICROSOFT CORPCommon Stock103,624,511 
99,143 MICROCHIP TECHNOLOGY INCCommon Stock5,685,851 
46,747 MID-AMERICA APARTMENT COMMUNITCommon Stock7,225,684 
24,582 MONDELEZ INTERNATIONAL INCCommon Stock1,468,283 
3,300 MONGODB INCCommon Stock768,273 
5,804 MONOLITHIC POWER SYSTEMS INCCommon Stock3,434,227 
149,553 MONSTER BEVERAGE CORPCommon Stock7,860,506 
8,119 MOODY'S CORPCommon Stock3,843,291 
32,166 MORGAN STANLEYCommon Stock4,043,910 
255,158 MORGAN STANLEYCommon Stock32,078,464 
100,168 NASDAQ INCCommon Stock7,743,988 
13,338 NETFLIX INCCommon Stock11,888,426 
20,673 NETFLIX INCCommon Stock18,426,258 
16,459 NETFLIX INCCommon Stock14,670,236 
19,881 NEXTERA ENERGY INCCommon Stock1,425,269 
2,477 NIKE INCCommon Stock187,435 
90,147 NIKE INCCommon Stock6,821,423 
555,576 NVIDIA CORPCommon Stock74,608,301 
465,502 NVIDIA CORPCommon Stock62,512,264 
805,746 NVIDIA CORPCommon Stock108,203,630 
3,106 O'REILLY AUTOMOTIVE INCCommon Stock3,683,095 
12,976 OLD DOMINION FREIGHT LINE INCCommon Stock2,288,966 
49,145 ORACLE CORPCommon Stock8,189,523 
392,855 PG&E CORPCommon Stock7,927,814 
1,881,993 PG&E CORPCommon Stock37,978,619 
32,820 PTC INCCommon Stock6,034,613 
14,654 PARKER-HANNIFIN CORPCommon Stock9,320,384 
693,291 PERMIAN RESOURCES CORPCommon Stock9,969,525 
68,576 PHILIP MORRIS INTERNATIONAL INCommon Stock8,253,122 
80,987 PHILIP MORRIS INTERNATIONAL INCommon Stock9,746,785 
233,684 PHILIP MORRIS INTERNATIONAL INCommon Stock28,123,869 
50,587 PHILLIPS 66Common Stock5,763,377 
121,084 PINNACLE WEST CAPITAL CORPCommon Stock10,264,291 
367,999 PLAINS GP HOLDINGS LPCommon Stock6,763,822 
90,853 PROCTER & GAMBLE CO/THECommon Stock15,231,505 
15,301 PROCTER & GAMBLE CO/THECommon Stock2,565,213 
44,144 PROGRESSIVE CORP/THECommon Stock10,577,344 
81,973 PROLOGIS INCCommon Stock8,664,546 
31,059 PUBLIC STORAGECommon Stock9,300,307 
57,586 QUALCOMM INCCommon Stock8,846,361 
153,453 QUALCOMM INCCommon Stock23,573,450 
281,266 RTX CORPCommon Stock32,548,102 
77,379 RTX CORPCommon Stock8,954,298 
8,913 ROPER TECHNOLOGIES INCCommon Stock4,633,423 
27,211 ROSS STORES INCCommon Stock4,116,208 
7,013 S&P GLOBAL INCCommon Stock3,492,684 
31,772 SBA COMMUNICATIONS CORPCommon Stock6,475,134 
250,070 SLM CORPCommon Stock6,896,931 
43

27,611 SALESFORCE INCCommon Stock9,231,186 
36,885 SALESFORCE INCCommon Stock12,331,762 
37,537 CHARLES SCHWAB CORP/THECommon Stock2,778,113 
148,391 UNITED PARKS & RESORTS INCCommon Stock8,338,090 
19,267 SERVICENOW INCCommon Stock20,425,332 
12,110 SERVICENOW INCCommon Stock12,838,053 
9,577 SHERWIN-WILLIAMS CO/THECommon Stock3,255,510 
24,335 SHERWIN-WILLIAMS CO/THECommon Stock8,272,197 
140,157 SIX FLAGS ENTERTAINMENT CORPCommon Stock6,754,166 
1,467 SNOWFLAKE INCCommon Stock226,519 
748,622 SOUTHWEST AIRLINES COCommon Stock25,168,672 
33,337 BLOCK INCCommon Stock2,833,312 
76,899 STARBUCKS CORPCommon Stock7,017,034 
12,800 STRYKER CORPCommon Stock4,608,640 
12,620 SYNOPSYS INCCommon Stock6,125,243 
14,523 SYNOPSYS INCCommon Stock7,048,883 
30,949 TJX COS INC/THECommon Stock3,738,949 
9,888 T-MOBILE US INCCommon Stock2,182,578 
40,225 T-MOBILE US INCCommon Stock8,878,864 
32,614 TAKE-TWO INTERACTIVE SOFTWARECommon Stock6,003,585 
624,401 TERADATA CORPCommon Stock19,450,091 
69,621 TESLA INCCommon Stock28,115,745 
32,564 TESLA INCCommon Stock13,150,646 
75,152 TESLA INCCommon Stock30,349,384 
6,794 TEXAS INSTRUMENTS INCCommon Stock1,273,943 
36,788 TEXAS INSTRUMENTS INCCommon Stock6,898,118 
13,685 THERMO FISHER SCIENTIFIC INCCommon Stock7,119,348 
18,413 THERMO FISHER SCIENTIFIC INCCommon Stock9,578,995 
10,652 THERMO FISHER SCIENTIFIC INCCommon Stock5,541,490 
1,897 TRANSDIGM GROUP INCCommon Stock2,404,030 
95,751 TRANSUNIONCommon Stock8,877,075 
140,372 UBER TECHNOLOGIES INCCommon Stock8,467,239 
23,690 UNITEDHEALTH GROUP INCCommon Stock11,983,823 
29,089 UNITEDHEALTH GROUP INCCommon Stock14,714,962 
15,472 UNITEDHEALTH GROUP INCCommon Stock7,826,666 
29,207 VEEVA SYSTEMS INCCommon Stock6,140,772 
16,116 VEEVA SYSTEMS INCCommon Stock3,388,389 
5,465 VERALTO CORPCommon Stock556,610 
1,126,733 VERIZON COMMUNICATIONS INCCommon Stock45,058,053 
30,421 VERISK ANALYTICS INCCommon Stock8,378,856 
19,152 VERTEX PHARMACEUTICALS INCCommon Stock7,712,510 
19,595 VERTEX PHARMACEUTICALS INCCommon Stock7,890,907 
38,928 VERTIV HOLDINGS COCommon Stock4,422,610 
318,082 VICI PROPERTIES INCCommon Stock9,291,175 
80,526 VISA INCCommon Stock25,449,437 
44,125 VISA INCCommon Stock13,945,265 
41,656 VISTRA CORPCommon Stock5,743,113 
36,656 VULCAN MATERIALS COCommon Stock9,429,023 
86,971 WEC ENERGY GROUP INCCommon Stock8,178,753 
286,786 WARNER MUSIC GROUP CORPCommon Stock8,890,366 
179,057 WELLS FARGO & COCommon Stock12,576,964 
358,157 WELLS FARGO & COCommon Stock25,156,948 
182,179 WELLS FARGO & COCommon Stock12,796,253 
78,755 WELLTOWER INCCommon Stock9,925,493 
120,694 WESTERN ALLIANCE BANCORPCommon Stock10,082,777 
545,865 WILLIAMS COS INC/THECommon Stock29,542,214 
21,473 WORKDAY INCCommon Stock5,540,678 
75,279 WYNN RESORTS LTDCommon Stock6,486,039 
167,290 XCEL ENERGY INCCommon Stock11,295,421 
843 ZOETIS INCCommon Stock137,350 
CashCash3,952 
44

49,308,239 EB Temporary Investment Fund *Common Collective Trust Fund49,308,240 
 
 Large Cap Core Fund Subtotal$4,427,425,757 
Total investments
$29,611,826,736 
Notes receivable from participants*
Prime rate as of the month end prior to loan request date plus 1%
$432,247,975 


*Party-in-interest


45

Exhibits

Exhibits to this Form 11-K are as follows:

INDEX TO EXHIBITS 
ExhibitDescription
  
23.1

46

SIGNATURES

The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
 CVS HEALTH FUTURE FUND 401(k) PLAN
  
Date:June 26, 2025By:/s/ JAMES D. CLARK
  James D. Clark
  Senior Vice President, Controller and Chief Accounting Officer