Form NPORT-P MORGAN STANLEY VARIABLE For: Mar 31

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May 26, 2022 11:23 AM EDT

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    NPORT-P
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      MORGAN STANLEY VARIABLE INVESTMENT SERIES
      811-03692
      0000716716
      4H4BT6G2YITJBA2TF335
      522 FIFTH AVENUE
      NEW YORK
      
      10036
      800-548-7786
      INCOME PLUS PORTFOLIO
      S000002460
      549300YLXZ7TP5D3PW15
      2022-12-31
      2022-03-31
      N
    
    
      61596769.35
      683360.58
      60913408.77
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
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      0.00000000
      0.00000000
      449106.50000000
      0.00000000
      0.00000000
      0.00000000
      
        
          USD
          
          
        
      
      
      
      N
      
        
          
          
        
        
          
            
            
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
    
    
      
        BROWN & BROWN INC
        549300PC8KTJ71XKFY89
        Brown & Brown Inc
        115236AC5
        
          
        
        250000.00000000
        PA
        USD
        219998.59000000
        0.361166111768
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-03-15
          Fixed
          2.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        APPLE INC
        HWUPKR0MPOU8FGXBT394
        Apple Inc
        037833DW7
        
          
        
        275000.00000000
        PA
        USD
        240271.89000000
        0.394448274775
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-05-11
          Fixed
          2.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BURLINGTN NORTH SANTA FE
        N/A
        Burlington Northern Santa Fe LLC
        12189LBG5
        
          
        
        200000.00000000
        PA
        USD
        190076.67000000
        0.312044053744
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-09-15
          Fixed
          3.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ENTERPRISE PRODUCTS OPER
        5493004LGN656HWLDA30
        Enterprise Products Operating LLC
        29379VCB7
        
          
        
        125000.00000000
        PA
        USD
        107065.50000000
        0.175766718957
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2053-02-15
          Fixed
          3.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BROADCOM INC
        549300WV6GIDOZJTV909
        Broadcom Inc
        11135FBQ3
        
          
        
        125000.00000000
        PA
        USD
        108773.18000000
        0.178570173950
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2036-11-15
          Fixed
          3.18700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Eurex Deutschland
        529900LN3S50JPU47S06
        EURO-BUND FUTURE JUN22
        000000000
        
          
        
        -1.00000000
        NC
        
        7810.22000000
        0.012821840310
        N/A
        DIR
        
        DE
        N
        
        1
        
          
            
              Eurex Deutschland
              529900LN3S50JPU47S06
            
            Short
            
              
                EUX 10 Year Euro BUND Future
                RXM2 COMDTY
              
            
            2022-06-08
            -165720.09000000
            EUR
            7810.22000000
          
        
        
          N
          N
          N
        
      
      
        NIAGARA MOHAWK POWER
        3T97Y9RR5EN5Y18QHB56
        Niagara Mohawk Power Corp
        65364UAQ9
        
          
        
        275000.00000000
        PA
        USD
        252854.94000000
        0.415105549181
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-01-10
          Fixed
          2.75900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MACY'S RETAIL HLDGS LLC
        N/A
        Macy's Retail Holdings LLC
        55617LAQ5
        
          
        
        55000.00000000
        PA
        USD
        54321.85000000
        0.089178804957
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-03-15
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ABBVIE INC
        FR5LCKFTG8054YNNRU85
        AbbVie Inc
        00287YCB3
        
          
        
        150000.00000000
        PA
        USD
        156227.64000000
        0.256474958723
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2049-11-21
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANCO SANTANDER SA
        5493006QMFDDMYWIAM13
        Banco Santander SA
        05964HAN5
        
          
        
        400000.00000000
        PA
        USD
        361871.75000000
        0.594075684331
        Long
        DBT
        CORP
        ES
        N
        
        2
        
          2027-09-14
          Fixed
          1.72200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ANHEUSER-BUSCH INBEV WOR
        549300CRGMZK3K53BF92
        Anheuser-Busch InBev Worldwide Inc
        035240AS9
        
          
        
        25000.00000000
        PA
        USD
        26081.64000000
        0.042817567636
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2040-06-01
          Fixed
          4.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SOUTHERN CO
        549300FC3G3YU2FBZD92
        Southern Co/The
        842587CX3
        
          
        
        150000.00000000
        PA
        USD
        153755.65000000
        0.252416755365
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2046-07-01
          Fixed
          4.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JETBLUE 2019-1 CLASS AA
        N/A
        JetBlue 2019-1 Class AA Pass Through Trust
        477143AH4
        
          
        
        274395.00000000
        PA
        USD
        257796.38000000
        0.423217786043
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-05-15
          Fixed
          2.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WELLS FARGO & COMPANY
        PBLD0EJDB5FWOLXP3B76
        Wells Fargo & Co
        95000U2V4
        
          
        
        75000.00000000
        PA
        USD
        74909.37000000
        0.122976814978
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-03-24
          Fixed
          3.52600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BP CAPITAL MARKETS PLC
        549300CRVT18MXX0AG93
        BP Capital Markets PLC
        05565QDV7
        
          
        
        175000.00000000
        PA
        USD
        175984.38000000
        0.288909098265
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2030-03-22
          Fixed
          4.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        T-MOBILE USA INC
        549300V2JRLO5DIFGE82
        T-Mobile USA Inc
        87264ACM5
        
          
        
        100000.00000000
        PA
        USD
        85407.04000000
        0.140210573869
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-10-15
          Fixed
          3.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRUPO AVAL LTD
        549300J4FW1ELLQ80113
        Grupo Aval Ltd
        40053FAC2
        
          
        
        200000.00000000
        PA
        USD
        173527.00000000
        0.284874879774
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2030-02-04
          Fixed
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        EXTRA SPACE STORAGE LP
        549300YNKSKNZFR8UC42
        Extra Space Storage LP
        30225VAH0
        
          
        
        200000.00000000
        PA
        USD
        200607.50000000
        0.329332250568
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-04-01
          Fixed
          3.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        RINGCENTRAL INC
        549300C8EH0H1614VE84
        RingCentral Inc
        76680RAH0
        
          
        
        75000.00000000
        PA
        USD
        61725.00000000
        0.101332368761
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-03-15
          None
          0.00000000
          N
          N
          N
          N
          Y
          
            
              RINGCENTRAL INC
              RINGCENTRAL INC
              USD
              
                
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        Pine Street Trust I
        N/A
        Pine Street Trust I
        722844AA5
        
          
        
        250000.00000000
        PA
        USD
        260560.99000000
        0.427756376241
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-02-15
          Fixed
          4.57200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GOLDMAN SACHS GROUP INC
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group Inc/The
        38141GYG3
        
          
        
        175000.00000000
        PA
        USD
        160181.64000000
        0.262966140353
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-09-10
          Fixed
          1.54200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GLP CAPITAL LP / FIN II
        N/A
        GLP Capital LP / GLP Financing II Inc
        361841AR0
        
          
        
        50000.00000000
        PA
        USD
        45448.25000000
        0.074611240640
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-01-15
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ENTERGY TEXAS INC
        LWXX58X12AJXISQ28573
        Entergy Texas Inc
        29365TAJ3
        
          
        
        100000.00000000
        PA
        USD
        94527.84000000
        0.155183960163
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2049-09-30
          Fixed
          3.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ALASKA AIRLINES 2020 TR
        N/A
        Alaska Airlines 2020-1 Class A Pass Through Trust
        01166VAA7
        
          
        
        441208.81000000
        PA
        USD
        452114.70000000
        0.742225249135
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-08-15
          Fixed
          4.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COTERRA ENERGY INC
        FCNMH6O7VWU7LHXMK351
        Coterra Energy Inc
        127097AE3
        
          
        
        250000.00000000
        PA
        USD
        252266.01000000
        0.414138717720
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-05-15
          Fixed
          3.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NEXTERA ENERGY CAPITAL
        UMI46YPGBLUE4VGNNT48
        NextEra Energy Capital Holdings Inc
        65339KCA6
        
          
        
        75000.00000000
        PA
        USD
        64216.33000000
        0.105422322107
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-01-15
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MAGALLANES INC
        549300DXR29GD4N0A520
        Magallanes Inc
        55903VAQ6
        
          
        
        125000.00000000
        PA
        USD
        128183.84000000
        0.210436162724
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-03-15
          Fixed
          5.14100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DTE ELECTRIC CO
        9N0FWODEJVKHC2DYLO03
        DTE Electric Co
        23338VAL0
        
          
        
        175000.00000000
        PA
        USD
        155051.58000000
        0.254544250815
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-03-01
          Fixed
          2.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UBER TECHNOLOGIES INC
        549300B2FTG34FILDR98
        Uber Technologies Inc
        90353TAJ9
        
          
        
        170000.00000000
        PA
        USD
        153000.00000000
        0.251176223904
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-12-15
          None
          0.00000000
          N
          N
          N
          N
          Y
          
            
              Uber Technologies Inc
              Uber Technologies Inc
              USD
              
                
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        DAIMLER TRUCKS FINAN NA
        5493003HSDTSCZRXBA58
        Daimler Trucks Finance North America LLC
        233853AF7
        
          
        
        150000.00000000
        PA
        USD
        139896.26000000
        0.229664145916
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2026-12-14
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TRANSURBAN FINANCE CO
        54930081LPJMUMEA6E57
        Transurban Finance Co Pty Ltd
        89400PAK9
        
          
        
        325000.00000000
        PA
        USD
        288650.84000000
        0.473870771359
        Long
        DBT
        CORP
        AU
        N
        
        2
        
          2031-03-16
          Fixed
          2.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Commerzbank AG
        851WYGNLUQLFZBSYGB56
        Commerzbank AG
        20259BAA9
        
          
        
        200000.00000000
        PA
        USD
        211328.83000000
        0.346933186415
        Long
        DBT
        CORP
        DE
        N
        
        2
        
          2023-09-19
          Fixed
          8.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BPCE SA
        9695005MSX1OYEMGDF46
        BPCE SA
        05578QAB9
        
          
        
        400000.00000000
        PA
        USD
        412534.34000000
        0.677247174850
        Long
        DBT
        CORP
        FR
        N
        
        2
        
          2024-07-21
          Fixed
          5.15000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        STANDARD CHARTERED PLC
        U4LOSYZ7YG4W3S5F2G91
        Standard Chartered PLC
        853254BY5
        
          
        
        475000.00000000
        PA
        USD
        454089.18000000
        0.745466702930
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2025-01-12
          Fixed
          0.99100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        STARBUCKS CORP
        OQSJ1DU9TAOC51A47K68
        Starbucks Corp
        855244BC2
        
          
        
        75000.00000000
        PA
        USD
        71610.90000000
        0.117561800342
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-02-14
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CNO GLOBAL FUNDING
        6354008GTNR4833ULD48
        CNO Global Funding
        18977W2A7
        
          
        
        150000.00000000
        PA
        USD
        138517.55000000
        0.227400752637
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-10-07
          Fixed
          1.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LEASEPLAN CORPORATION NV
        724500C60L930FVHS484
        LeasePlan Corp NV
        52206AAD2
        
          
        
        400000.00000000
        PA
        USD
        391089.38000000
        0.642041527304
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          2024-10-24
          Fixed
          2.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ALTRIA GROUP INC
        XSGZFLO9YTNO9VCQV219
        Altria Group Inc
        02209SBM4
        
          
        
        200000.00000000
        PA
        USD
        164729.74000000
        0.270432640901
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2041-02-04
          Fixed
          3.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICROSOFT CORP
        INR2EJN1ERAN0W5ZP974
        Microsoft Corp
        594918CC6
        
          
        
        150000.00000000
        PA
        USD
        129955.31000000
        0.213344340144
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-06-01
          Fixed
          2.52500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANK OF AMERICA CORP
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp
        06051GJT7
        
          
        
        875000.00000000
        PA
        USD
        805995.42000000
        1.323182261960
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-04-22
          Fixed
          2.68700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COMCAST CORP
        51M0QTTNCGUN7KFCFZ59
        Comcast Corp
        20030NDH1
        
          
        
        175000.00000000
        PA
        USD
        176820.99000000
        0.290282539707
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2040-04-01
          Fixed
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MAGALLANES INC
        549300DXR29GD4N0A520
        Magallanes Inc
        55903VAN3
        
          
        
        100000.00000000
        PA
        USD
        102210.36000000
        0.167796158619
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2042-03-15
          Fixed
          5.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MARSH & MCLENNAN COS INC
        549300XMP3KDCKJXIU47
        Marsh & McLennan Cos Inc
        571748AK8
        
          
        
        300000.00000000
        PA
        USD
        356630.21000000
        0.585470780902
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2033-08-01
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HSBC HOLDINGS PLC
        MLU0ZO3ML4LN2LL2TL39
        HSBC Holdings PLC
        404280CM9
        
          
        
        350000.00000000
        PA
        USD
        319902.93000000
        0.525176535773
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2027-05-24
          Fixed
          1.58900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HOLLYFRONTIER CORP
        549300J3U2WK73C9ZK26
        HollyFrontier Corp
        436106AC2
        
          
        
        125000.00000000
        PA
        USD
        122052.13000000
        0.200369889757
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-10-01
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TWITTER INC
        549300I8RX485XMK6836
        Twitter Inc
        90184LAP7
        
          
        
        10000.00000000
        PA
        USD
        9966.95000000
        0.016362489312
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-03-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SVB FINANCIAL GROUP
        549300D2KJ20JMXE7542
        SVB Financial Group
        78486QAF8
        
          
        
        550000.00000000
        PA
        USD
        474722.01000000
        0.779339097229
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-02-02
          Fixed
          1.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        S&P GLOBAL INC
        Y6X4K52KMJMZE7I7MY94
        S&P Global Inc
        78409VBD5
        
          
        
        25000.00000000
        PA
        USD
        25424.88000000
        0.041739381383
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-03-01
          Fixed
          3.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TRANSMANTARO
        549300NL65DC6HVEJX96
        Consorcio Transmantaro SA
        210314AB6
        
          
        
        200000.00000000
        PA
        USD
        202206.00000000
        0.331956467521
        Long
        DBT
        CORP
        PE
        N
        
        2
        
          2034-04-16
          Fixed
          4.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BOEING CO
        RVHJWBXLJ1RFUBSY1F30
        Boeing Co/The
        097023CN3
        
          
        
        125000.00000000
        PA
        USD
        115983.76000000
        0.190407600464
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-02-01
          Fixed
          2.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANCO DE CREDITO DEL PER
        549300EQYQ8SCQZ4BY14
        Banco de Credito del Peru S.A.
        05971U2A4
        
          
        
        175000.00000000
        PA
        USD
        170619.75000000
        0.280102121101
        Long
        DBT
        CORP
        PE
        N
        
        2
        
          2025-01-11
          Fixed
          2.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        APPLE INC
        HWUPKR0MPOU8FGXBT394
        Apple Inc
        037833EE6
        
          
        
        225000.00000000
        PA
        USD
        196489.87000000
        0.322572441712
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2041-02-08
          Fixed
          2.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SEALED AIR CORP
        Q0M0CZB4YN6JZ65WXI09
        Sealed Air Corp
        81211KAZ3
        
          
        
        200000.00000000
        PA
        USD
        182501.96000000
        0.299608844235
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-10-15
          Fixed
          1.57300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        EQUINIX INC
        549300EVUN2BTLJ3GT74
        Equinix Inc
        29444UBM7
        
          
        
        175000.00000000
        PA
        USD
        139936.19000000
        0.229729697985
        Long
        DBT
        
        US
        N
        
        2
        
          2051-09-15
          Fixed
          2.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ABBVIE INC
        FR5LCKFTG8054YNNRU85
        AbbVie Inc
        00287YCA5
        
          
        
        125000.00000000
        PA
        USD
        128804.93000000
        0.211455790442
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2039-11-21
          Fixed
          4.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SPRINT SPECTRUM / SPEC I
        N/A
        Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC
        85208NAD2
        
          
        
        150000.00000000
        PA
        USD
        153214.63000000
        0.251528576538
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-03-20
          Fixed
          4.73800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BAIDU INC
        254900AL64IANZYI1E02
        Baidu Inc
        056752AS7
        
          
        
        200000.00000000
        PA
        USD
        184541.52000000
        0.302957138216
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2026-04-09
          Fixed
          1.72000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BIO-RAD LABS
        549300ZC1GPV35XYDK53
        Bio-Rad Laboratories Inc
        090572AR9
        
          
        
        100000.00000000
        PA
        USD
        98563.46000000
        0.161809135279
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-03-15
          Fixed
          3.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DT MIDSTREAM INC
        N/A
        DT Midstream Inc
        23345MAA5
        
          
        
        15000.00000000
        PA
        USD
        14404.35000000
        0.023647256475
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-06-15
          Fixed
          4.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WELLS FARGO & COMPANY
        PBLD0EJDB5FWOLXP3B76
        Wells Fargo & Co
        95000U2Q5
        
          
        
        400000.00000000
        PA
        USD
        360870.14000000
        0.592431366569
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2041-04-30
          Fixed
          3.06800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MDGH GMTN RSC LTD
        213800WRY6FRL9IXLT77
        MDGH GMTN RSC Ltd
        55276VAG7
        
          
        
        200000.00000000
        PA
        USD
        216365.00000000
        0.355200939118
        Long
        DBT
        CORP
        AE
        N
        
        2
        
          2028-11-07
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LIFE STORAGE LP
        X0MIGH67XZCB7HL1A534
        Life Storage LP
        53227JAD6
        
          
        
        275000.00000000
        PA
        USD
        242817.82000000
        0.398627863557
        Long
        DBT
        
        US
        N
        
        2
        
          2031-10-15
          Fixed
          2.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MARRIOTT INTERNATIONAL
        225YDZ14ZO8E1TXUSU86
        Marriott International Inc/MD
        571903BF9
        
          
        
        375000.00000000
        PA
        USD
        357638.79000000
        0.587126541137
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-10-15
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SHELL INTERNATIONAL FIN
        213800ITMMKU4Z7I4F78
        Shell International Finance BV
        822582CE0
        
          
        
        75000.00000000
        PA
        USD
        68526.20000000
        0.112497726500
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          2049-11-07
          Fixed
          3.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DXC TECHNOLOGY CO
        549300DOVZ3EDJB7O259
        DXC Technology Co
        23355LAL0
        
          
        
        350000.00000000
        PA
        USD
        321358.69000000
        0.527566420085
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-09-15
          Fixed
          1.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        EMBRAER NETHERLANDS FINA
        724500PBR8LR26XBSP67
        Embraer Netherlands Finance BV
        29082HAB8
        
          
        
        165000.00000000
        PA
        USD
        167988.15000000
        0.275781890050
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2027-02-01
          Fixed
          5.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AMERICAN TRANSMISSION SY
        N/A
        American Transmission Systems Inc
        030288AC8
        
          
        
        300000.00000000
        PA
        USD
        277514.19000000
        0.455588015190
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-01-15
          Fixed
          2.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROGERS COMMUNICATIONS IN
        54930030NVF3Y2OL0A78
        Rogers Communications Inc
        775109CD1
        
          
        
        300000.00000000
        PA
        USD
        299118.19000000
        0.491054754675
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2052-03-15
          Fixed
          4.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MOZART DEBT MERGER SUB
        N/A
        Mozart Debt Merger Sub Inc
        62482BAA0
        
          
        
        100000.00000000
        PA
        USD
        92627.50000000
        0.152064220128
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-04-01
          Fixed
          3.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CHARTER COMM OPT LLC/CAP
        N/A
        Charter Communications Operating LLC / Charter Communications Operating Capital
        161175BU7
        
          
        
        150000.00000000
        PA
        USD
        135419.56000000
        0.222314860938
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-04-01
          Fixed
          2.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BOEING CO
        RVHJWBXLJ1RFUBSY1F30
        Boeing Co/The
        097023CR4
        
          
        
        50000.00000000
        PA
        USD
        43485.62000000
        0.071389240691
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2059-08-01
          Fixed
          3.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        General Motors Co
        54930070NSV60J38I987
        General Motors Co
        37045VAK6
        
          
        
        300000.00000000
        PA
        USD
        349290.06000000
        0.573420642602
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2036-04-01
          Fixed
          6.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PELOTON INTERACTIVE INC
        5493002YS021166W0339
        Peloton Interactive Inc
        70614WAB6
        
          
        
        155000.00000000
        PA
        USD
        128843.75000000
        0.211519520252
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-02-15
          None
          0.00000000
          N
          N
          N
          N
          Y
          
            
              Peloton Interactive Inc
              Peloton Interactive Inc
              USD
              
                
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        JERSEY CENTRAL PWR & LT
        549300W9UGH9ZPLNPF79
        Jersey Central Power & Light Co
        476556DD4
        
          
        
        125000.00000000
        PA
        USD
        116583.11000000
        0.191391538175
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-03-01
          Fixed
          2.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America N.A.
        B4TYDEB6GKMZO031MB27
        PURCHASED USD / SOLD EUR
        000000000
        
          
        
        1.00000000
        NC
        
        7942.02000000
        0.013038213031
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              Bank of America N.A.
              B4TYDEB6GKMZO031MB27
            
            251313.00000000
            EUR
            286386.49000000
            USD
            2022-05-20
            7942.02000000
          
        
        
          N
          N
          N
        
      
      
        INDIAN RAILWAY FINANCE
        335800F2JHSOGXQEBY56
        Indian Railway Finance Corp Ltd
        45434L2H6
        
          
        
        200000.00000000
        PA
        USD
        189346.00000000
        0.310844531316
        Long
        DBT
        CORP
        IN
        N
        
        2
        
          2032-01-21
          Fixed
          3.57000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GE CAPITAL INTL FUNDING
        549300G6UZOB126GBY72
        GE Capital International Funding Co Unlimited Co
        36164QNA2
        
          
        
        300000.00000000
        PA
        USD
        322781.98000000
        0.529902999221
        Long
        DBT
        CORP
        IE
        
        N
        
        2
        
          2035-11-15
          Fixed
          4.41800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VISA INC
        549300JZ4OKEHW3DPJ59
        Visa Inc
        92826CAK8
        
          
        
        125000.00000000
        PA
        USD
        113925.53000000
        0.187028656416
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2040-04-15
          Fixed
          2.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GLP CAPITAL LP / FIN II
        N/A
        GLP Capital LP / GLP Financing II Inc
        361841AP4
        
          
        
        200000.00000000
        PA
        USD
        194484.00000000
        0.319279455750
        Long
        DBT
        
        US
        N
        
        2
        
          2030-01-15
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRIFOLS SA
        959800HSSNXWRKBK4N60
        Grifols SA
        000000000
        
          
        
        100000.00000000
        PA
        
        105964.12000000
        0.173958611313
        Long
        DBT
        CORP
        ES
        N
        
        2
        
          2027-11-15
          Fixed
          2.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COMMONWEALTH BANK AUST
        MSFSBD3QN1GSN7Q6C537
        Commonwealth Bank of Australia
        202712BQ7
        
          
        
        200000.00000000
        PA
        USD
        174813.95000000
        0.286987632985
        Long
        DBT
        CORP
        AU
        N
        
        2
        
          2041-03-11
          Fixed
          3.30500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Oracle Corp
        1Z4GXXU7ZHVWFCD8TV52
        Oracle Corp
        68389XBX2
        
          
        
        200000.00000000
        PA
        USD
        166368.28000000
        0.273122590509
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-04-01
          Fixed
          3.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Chicago Board of Trade
        549300EX04Q2QBFQTQ27
        US ULTRA BOND CBT JUN22
        000000000
        
          
        
        5.00000000
        NC
        USD
        -946.76000000
        -0.00155427190
        N/A
        DIR
        
        US
        N
        
        1
        
          
            
              Chicago Board of Trade
              549300EX04Q2QBFQTQ27
            
            Long
            
              
                CME Ultra Long Term US Treasury Bond Future
                WNM2 COMDTY
              
            
            2022-06-21
            886571.76000000
            USD
            -946.76000000
          
        
        
          N
          N
          N
        
      
      
        REXFORD INDUSTRIAL REALT
        549300028US163ELJN70
        Rexford Industrial Realty LP
        76169XAA2
        
          
        
        375000.00000000
        PA
        USD
        328377.02000000
        0.539088234644
        Long
        DBT
        
        US
        N
        
        2
        
          2030-12-01
          Fixed
          2.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AVOLON HOLDINGS FNDG LTD
        635400ZRKEX9L1BKCH30
        Avolon Holdings Funding Ltd
        05401AAH4
        
          
        
        325000.00000000
        PA
        USD
        312361.65000000
        0.512796207448
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2025-02-15
          Fixed
          2.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FIRST-CITIZENS BANK/TRST
        L9VVX1KT5TFTKS0MLF66
        First-Citizens Bank & Trust Co
        12556LBJ4
        
          
        
        300000.00000000
        PA
        USD
        297408.60000000
        0.488248164083
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-09-27
          Fixed
          2.96900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MAGALLANES INC
        549300DXR29GD4N0A520
        Magallanes Inc
        55903VAL7
        
          
        
        200000.00000000
        PA
        USD
        201137.52000000
        0.330202370974
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-03-15
          Fixed
          4.27900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AMGEN INC INDUSTRY
        62QBXGPJ34PQ72Z12S66
        Amgen Inc
        031162DF4
        
          
        
        125000.00000000
        PA
        USD
        129685.44000000
        0.212901301402
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-02-22
          Fixed
          4.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Tencent Holdings Ltd
        254900N4SLUMW4XUYY11
        Tencent Holdings Ltd
        88032WAG1
        
          
        
        375000.00000000
        PA
        USD
        366038.34000000
        0.600915869578
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2028-01-19
          Fixed
          3.59500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LOWE'S COS INC
        WAFCR4OKGSC504WU3E95
        Lowe's Cos Inc
        548661DZ7
        
          
        
        125000.00000000
        PA
        USD
        106732.68000000
        0.175220336794
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-10-15
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        INTEL CORP
        KNX4USFCNGPY45LOCE31
        Intel Corp
        458140BV1
        
          
        
        225000.00000000
        PA
        USD
        199435.47000000
        0.327408158609
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2041-08-12
          Fixed
          2.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AMERICAN INTL GROUP
        ODVCVCQG2BP6VHV36M30
        American International Group Inc
        026874DC8
        
          
        
        125000.00000000
        PA
        USD
        127641.54000000
        0.209545882552
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2035-01-15
          Fixed
          3.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DIAMONDBACK ENERGY INC
        549300R22LSX6OHWEN64
        Diamondback Energy Inc
        25278XAM1
        
          
        
        100000.00000000
        PA
        USD
        100001.95000000
        0.164170667869
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-12-01
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CVS HEALTH CORP
        549300EJG376EN5NQE29
        CVS Health Corp
        126650DQ0
        
          
        
        550000.00000000
        PA
        USD
        484902.94000000
        0.796052872087
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-02-28
          Fixed
          1.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PROSUS NV
        635400Z5LQ5F9OLVT688
        Prosus NV
        74365PAA6
        
          
        
        200000.00000000
        PA
        USD
        175452.09000000
        0.288035251257
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2030-01-21
          Fixed
          3.68000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        STEWART INFORMATION SERV
        529900TV1XI0PLKENU10
        Stewart Information Services Corp
        86038AAA0
        
          
        
        125000.00000000
        PA
        USD
        113914.48000000
        0.187010515911
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-11-15
          Fixed
          3.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KIMBERLY-CLARK DE MEXICO
        549300JGHL56QT00KT54
        Kimberly-Clark de Mexico SAB de CV
        494386AD7
        
          
        
        225000.00000000
        PA
        USD
        204183.00000000
        0.335202058336
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2031-07-01
          Fixed
          2.43100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        INTEL CORP
        KNX4USFCNGPY45LOCE31
        Intel Corp
        458140BW9
        
          
        
        75000.00000000
        PA
        USD
        67019.89000000
        0.110024855533
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-08-12
          Fixed
          3.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NORTHERN STATES PWR-MINN
        3S1GHB0TEH85KX44SB51
        Northern States Power Co/MN
        665772CR8
        
          
        
        150000.00000000
        PA
        USD
        132740.59000000
        0.217916863758
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-03-01
          Fixed
          2.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MACQUARIE GROUP LTD
        ACMHD8HWFMFUIQQ8Y590
        Macquarie Group Ltd
        55608JAZ1
        
          
        
        225000.00000000
        PA
        USD
        200158.76000000
        0.328595565478
        Long
        DBT
        CORP
        AU
        N
        
        2
        
          2033-01-14
          Fixed
          2.87100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NBN CO LTD
        2549007CRZ2NT7S96A24
        NBN Co Ltd
        62878U2E1
        
          
        
        200000.00000000
        PA
        USD
        179823.24000000
        0.295211257473
        Long
        DBT
        CORP
        AU
        N
        
        2
        
          2032-01-08
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AIRBNB INC
        549300HMUDNO0RY56D37
        Airbnb Inc
        009066AB7
        
          
        
        75000.00000000
        PA
        USD
        72876.96000000
        0.119640258970
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-03-15
          None
          0.00000000
          N
          N
          N
          N
          Y
          
            
              Airbnb Inc
              Airbnb Inc
              USD
              
                
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        GENERAL MOTORS FINL CO
        5493008B6JBRUJ90QL97
        General Motors Financial Co Inc
        37045XCG9
        
          
        
        50000.00000000
        PA
        USD
        49541.42000000
        0.081330894133
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-01-05
          Fixed
          3.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MPLX LP
        5493000CZJ19CK4P3G36
        MPLX LP
        55336VBT6
        
          
        
        75000.00000000
        PA
        USD
        78284.21000000
        0.128517204308
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-03-14
          Fixed
          4.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Vodafone Group PLC
        213800TB53ELEUKM7Q61
        Vodafone Group PLC
        92857WBD1
        
          
        
        100000.00000000
        PA
        USD
        100644.10000000
        0.165224869256
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2043-02-19
          Fixed
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ALLIANT ENERGY FINANCE
        54930033ER6EOI5DL570
        Alliant Energy Finance LLC
        01882YAD8
        
          
        
        225000.00000000
        PA
        USD
        219081.46000000
        0.359660482681
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-03-01
          Fixed
          3.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NATIONAL AUSTRALIA BANK
        F8SB4JFBSYQFRQEH3Z21
        National Australia Bank Ltd
        632525AU5
        
          
        
        325000.00000000
        PA
        USD
        283170.10000000
        0.464873179350
        Long
        DBT
        CORP
        AU
        N
        
        2
        
          2030-08-21
          Fixed
          2.33200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BAT Capital Corp
        2138005GYEXN7XRHFA84
        BAT Capital Corp
        05526DBB0
        
          
        
        375000.00000000
        PA
        USD
        365612.07000000
        0.600216072918
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2027-08-15
          Fixed
          3.55700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DELL INT LLC / EMC CORP
        N/A
        Dell International LLC / EMC Corp
        24703DBG5
        
          
        
        150000.00000000
        PA
        USD
        122213.77000000
        0.200635250050
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-12-15
          Fixed
          3.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NBN CO LTD
        2549007CRZ2NT7S96A24
        NBN Co Ltd
        62878U2B7
        
          
        
        350000.00000000
        PA
        USD
        319472.09000000
        0.524469236660
        Long
        DBT
        CORP
        AU
        N
        
        2
        
          2031-05-05
          Fixed
          2.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        STARBUCKS CORP
        OQSJ1DU9TAOC51A47K68
        Starbucks Corp
        855244AW9
        
          
        
        125000.00000000
        PA
        USD
        114577.97000000
        0.188099750635
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-03-12
          Fixed
          2.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TRANSPRTDRA DE GAS INTL
        529900780HCVLCEM2440
        Transportadora de Gas Internacional SA ESP
        89387YAC5
        
          
        
        200000.00000000
        PA
        USD
        207014.00000000
        0.339849639316
        Long
        DBT
        CORP
        CO
        N
        
        2
        
          2028-11-01
          Fixed
          5.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Q-PARK HOLDING BV
        2549003839B7HE3NDP48
        Q-Park Holding I BV
        000000000
        
          
        
        100000.00000000
        PA
        
        104218.13000000
        0.171092263763
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          2025-03-01
          Fixed
          1.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VERIZON COMMUNICATIONS
        2S72QS2UO2OESLG6Y829
        Verizon Communications Inc
        92343VFW9
        
          
        
        380000.00000000
        PA
        USD
        314143.99000000
        0.515722229872
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2056-10-30
          Fixed
          2.98700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SVB FINANCIAL GROUP
        549300D2KJ20JMXE7542
        SVB Financial Group
        78486QAG6
        
          
        
        70000.00000000
        PA
        USD
        59850.00000000
        0.098254228762
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-02-15
          Fixed
          4.10000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WALT DISNEY COMPANY/THE
        549300GZKULIZ0WOW665
        Walt Disney Co/The
        254687FY7
        
          
        
        100000.00000000
        PA
        USD
        97769.52000000
        0.160505744095
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2040-05-13
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VIRGINIA ELEC & POWER CO
        CQKUMNNZVDJLRYV2PT43
        Virginia Electric and Power Co
        927804GF5
        
          
        
        175000.00000000
        PA
        USD
        154137.22000000
        0.253043169168
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-11-15
          Fixed
          2.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        INTERCONTINENTALEXCHANGE
        5493000F4ZO33MV32P92
        Intercontinental Exchange Inc
        45866FAN4
        
          
        
        375000.00000000
        PA
        USD
        325158.75000000
        0.533804882317
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-09-15
          Fixed
          1.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICRON TECHNOLOGY INC
        B3DXGBC8GAIYWI2Z0172
        Micron Technology Inc
        595112BS1
        
          
        
        350000.00000000
        PA
        USD
        317402.75000000
        0.521072053607
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-04-15
          Fixed
          2.70300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        EXELON CORP
        3SOUA6IRML7435B56G12
        Exelon Corp
        30161NBF7
        
          
        
        100000.00000000
        PA
        USD
        101867.56000000
        0.167233392543
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-03-15
          Fixed
          4.10000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PUBLIC SERVICE COLORADO
        5BANEF6PGSEK0SNMQF44
        Public Service Co of Colorado
        744448CS8
        
          
        
        175000.00000000
        PA
        USD
        164052.67000000
        0.269321112235
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-03-01
          Fixed
          3.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BP CAPITAL MARKETS PLC
        549300CRVT18MXX0AG93
        BP Capital Markets PLC
        05565QDU9
        
          
        
        175000.00000000
        PA
        USD
        176400.00000000
        0.289591411089
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2025-06-22
          Fixed
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PACIFIC GAS & ELECTRIC
        1HNPXZSMMB7HMBMVBS46
        Pacific Gas and Electric Co
        694308JH1
        
          
        
        150000.00000000
        PA
        USD
        123090.24000000
        0.202074128645
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2040-08-01
          Fixed
          3.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        EXPEDIA GROUP INC
        CI7MUJI4USF3V0NJ1H64
        Expedia Group Inc
        30212PBE4
        
          
        
        75000.00000000
        PA
        USD
        91597.50000000
        0.150373295222
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-02-15
          None
          0.00000000
          N
          N
          N
          N
          Y
          
            
              Expedia Group Inc
              Expedia Group Inc
              USD
              
                
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        CONSUMERS ENERGY CO
        7NKTFWJ1G6MELP9TU740
        Consumers Energy Co
        210518DJ2
        
          
        
        100000.00000000
        PA
        USD
        76493.38000000
        0.125577244065
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2060-05-01
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NEXTERA ENERGY CAPITAL
        UMI46YPGBLUE4VGNNT48
        NextEra Energy Capital Holdings Inc
        65339KBM1
        
          
        
        350000.00000000
        PA
        USD
        334835.23000000
        0.549690514389
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-11-01
          Fixed
          2.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMORGAN CHASE & CO
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co
        46647PBM7
        
          
        
        200000.00000000
        PA
        USD
        181369.38000000
        0.297749516341
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2041-04-22
          Fixed
          3.10900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROYALTY PHARMA PLC
        549300FGFN7VOK8BZR03
        Royalty Pharma PLC
        78081BAM5
        
          
        
        75000.00000000
        PA
        USD
        62536.54000000
        0.102664653419
        Long
        DBT
        CORP
        GB
        
        N
        
        2
        
          2050-09-02
          Fixed
          3.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JBS FINANCE LUXEMBOURG
        N/A
        JBS Finance Luxembourg Sarl
        46592QAB5
        
          
        
        225000.00000000
        PA
        USD
        209424.38000000
        0.343806699097
        Long
        DBT
        CORP
        LU
        
        N
        
        2
        
          2027-01-15
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AON CORP/AON GLOBAL HOLD
        N/A
        Aon Corp / Aon Global Holdings PLC
        03740LAC6
        
          
        
        225000.00000000
        PA
        USD
        207482.05000000
        0.340618025143
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-12-02
          Fixed
          2.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AMAZON.COM INC
        ZXTILKJKG63JELOEG630
        Amazon.com Inc
        023135BU9
        
          
        
        200000.00000000
        PA
        USD
        165778.22000000
        0.272153903955
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2060-06-03
          Fixed
          2.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        INTERSTATE POWER & LIGHT
        EF9UQIIO4KY2BWOK3P26
        Interstate Power and Light Co
        461070AS3
        
          
        
        150000.00000000
        PA
        USD
        137000.92000000
        0.224910939588
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-06-01
          Fixed
          2.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DUKE ENERGY INDIANA LLC
        6URPHM2EAWGJ2C6ISB97
        Duke Energy Indiana LLC
        26443TAC0
        
          
        
        247000.00000000
        PA
        USD
        209015.63000000
        0.343135664577
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-04-01
          Fixed
          2.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BRASKEM NETHERLANDS
        2549000TLMHFQ74DS330
        Braskem Netherlands Finance BV
        10554TAD7
        
          
        
        200000.00000000
        PA
        USD
        193929.00000000
        0.318368326310
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2030-01-31
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LAS VEGAS SANDS CORP
        549300DUOO1KXOHPM605
        Las Vegas Sands Corp
        517834AG2
        
          
        
        375000.00000000
        PA
        USD
        358286.18000000
        0.588189344899
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-08-08
          Fixed
          3.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Bill
        912796K57
        
          
        
        889000.00000000
        PA
        USD
        887452.64000000
        1.456908516400
        Long
        STIV
        UST
        US
        N
        
        2
        
          2022-07-14
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Chicago Board of Trade
        549300EX04Q2QBFQTQ27
        US 10YR ULTRA FUT JUN22
        000000000
        
          
        
        -67.00000000
        NC
        USD
        285895.92000000
        0.469348088988
        N/A
        DIR
        
        US
        N
        
        1
        
          
            
              Chicago Board of Trade
              549300EX04Q2QBFQTQ27
            
            Short
            
              
                Ultra 10-Year US Treasury Note Futures
                UXYM2 COMDTY
              
            
            2022-06-21
            -9362302.17000000
            USD
            285895.92000000
          
        
        
          N
          N
          N
        
      
      
        CONTINENTAL RESOURCES
        XXRTID9RYWOZ0UPIVR53
        Continental Resources Inc/OK
        212015AV3
        
          
        
        275000.00000000
        PA
        USD
        245657.50000000
        0.403289694273
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-04-01
          Fixed
          2.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ZIFF DAVIS INC
        5493008OJYGLHD7MXA18
        Ziff Davis Inc
        48123VAD4
        
          
        
        125000.00000000
        PA
        USD
        141562.50000000
        0.232399569911
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-11-01
          Fixed
          1.75000000
          N
          N
          N
          N
          Y
          
            
              Ziff Davis Inc
              Ziff Davis Inc
              USD
              
                
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        OVERSEA-CHINESE BANKING
        5493007O3QFXCPOGWK22
        Oversea-Chinese Banking Corp Ltd
        69033CAD1
        
          
        
        200000.00000000
        PA
        USD
        188652.00000000
        0.309705209098
        Long
        DBT
        CORP
        SG
        N
        
        2
        
          2030-09-10
          Fixed
          1.83200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CIGNA CORP
        549300VIWYMSIGT1U456
        Cigna Corp
        125523CK4
        
          
        
        175000.00000000
        PA
        USD
        158245.36000000
        0.259787398530
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-03-15
          Fixed
          3.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lloyds Banking Group PLC
        549300PPXHEU2JF0AM85
        Lloyds Banking Group PLC
        539439AQ2
        
          
        
        275000.00000000
        PA
        USD
        268951.26000000
        0.441530469942
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2028-11-07
          Fixed
          3.57400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        T-MOBILE USA INC
        549300V2JRLO5DIFGE82
        T-Mobile USA Inc
        87264ABN4
        
          
        
        150000.00000000
        PA
        USD
        126670.00000000
        0.207950929947
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-02-15
          Fixed
          3.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SILGAN HOLDINGS INC
        KAF673KJXD92C8KSLU49
        Silgan Holdings Inc
        827048AX7
        
          
        
        300000.00000000
        PA
        USD
        273989.15000000
        0.449801046325
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-04-01
          Fixed
          1.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANK OF IRELAND GROUP
        635400C8EK6DRI12LJ39
        Bank of Ireland Group PLC
        06279JAB5
        
          
        
        550000.00000000
        PA
        USD
        499393.37000000
        0.819841443918
        Long
        DBT
        CORP
        IE
        N
        
        2
        
          2027-09-30
          Fixed
          2.02900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CHARTER COMM OPT LLC/CAP
        N/A
        Charter Communications Operating LLC / Charter Communications Operating Capital
        161175BS2
        
          
        
        125000.00000000
        PA
        USD
        124386.75000000
        0.204202576266
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2049-07-01
          Fixed
          5.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ONEOK INC
        2T3D6M0JSY48PSZI1Q41
        ONEOK Inc
        682680BB8
        
          
        
        350000.00000000
        PA
        USD
        328564.96000000
        0.539396770981
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-03-15
          Fixed
          3.10000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Air Lease Corp
        5493004NW4M4P8TMMK63
        Air Lease Corp
        00912XBF0
        
          
        
        225000.00000000
        PA
        USD
        229550.57000000
        0.376847355344
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-10-01
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SHINHAN BANK
        5493003P813VL21KG928
        Shinhan Bank Co Ltd
        82460CAN4
        
          
        
        225000.00000000
        PA
        USD
        227967.59000000
        0.374248617181
        Long
        DBT
        CORP
        KR
        N
        
        2
        
          2029-04-23
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WESTERN DIGITAL CORP
        549300QQXOOYEF89IC56
        Western Digital Corp
        958102AP0
        
          
        
        125000.00000000
        PA
        USD
        121250.00000000
        0.199053053257
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-02-01
          Fixed
          1.50000000
          N
          N
          N
          N
          Y
          
            
              Western Digital Corp
              Western Digital Corp
              USD
              
                
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        ENBRIDGE INC
        98TPTUM4IVMFCZBCUR27
        Enbridge Inc
        29250NBF1
        
          
        
        350000.00000000
        PA
        USD
        311445.20000000
        0.511291694700
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2033-08-01
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AMEREN ILLINOIS CO
        RC71E2BZ6UOMFPDJSE79
        Ameren Illinois Co
        02361DAV2
        
          
        
        250000.00000000
        PA
        USD
        218422.21000000
        0.358578208658
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-11-15
          Fixed
          1.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CLEVELAND ELECTRIC ILLUM
        N/A
        Cleveland Electric Illuminating Co/The
        186108CL8
        
          
        
        175000.00000000
        PA
        USD
        184166.28000000
        0.302341116215
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-11-15
          Fixed
          4.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TRANSCONT GAS PIPE LINE
        N/A
        Transcontinental Gas Pipe Line Co LLC
        893574AR4
        
          
        
        125000.00000000
        PA
        USD
        122011.31000000
        0.200302876597
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-05-15
          Fixed
          3.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KINDER MORGAN INC
        549300WR7IX8XE0TBO16
        Kinder Morgan Inc
        49456BAT8
        
          
        
        75000.00000000
        PA
        USD
        66828.30000000
        0.109710327084
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-02-15
          Fixed
          3.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NISSAN MOTOR CO
        353800DRBDH1LUTNAY26
        Nissan Motor Co Ltd
        654744AA9
        
          
        
        275000.00000000
        PA
        USD
        274525.39000000
        0.450681377948
        Long
        DBT
        CORP
        JP
        N
        
        2
        
          2023-09-15
          Fixed
          3.04300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMORGAN CHASE & CO
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co
        46647PBX3
        
          
        
        425000.00000000
        PA
        USD
        372757.47000000
        0.611946495077
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-02-04
          Fixed
          1.95300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BURLINGTN NORTH SANTA FE
        N/A
        Burlington Northern Santa Fe LLC
        12189LBF7
        
          
        
        75000.00000000
        PA
        USD
        69190.32000000
        0.113587995479
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-02-15
          Fixed
          3.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        APPLE INC
        HWUPKR0MPOU8FGXBT394
        Apple Inc
        037833EK2
        
          
        
        125000.00000000
        PA
        USD
        109030.36000000
        0.178992379841
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-08-05
          Fixed
          2.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CITIGROUP INC
        6SHGI4ZSSLCXXQSBB395
        Citigroup Inc
        172967NE7
        
          
        
        900000.00000000
        PA
        USD
        809186.21000000
        1.328420501067
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-11-03
          Fixed
          2.52000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANK OF AMERICA CORP
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp
        06051GKL2
        
          
        
        350000.00000000
        PA
        USD
        335655.47000000
        0.551037081617
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2037-03-08
          Fixed
          3.84600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FELLS POINT FUNDING TR
        N/A
        Fells Point Funding Trust
        314382AA0
        
          
        
        275000.00000000
        PA
        USD
        264071.25000000
        0.433519081155
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-01-31
          Fixed
          3.04600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        IMPERIAL BRANDS FIN PLC
        2138008L3B3MCG1DFS50
        Imperial Brands Finance PLC
        45262BAA1
        
          
        
        500000.00000000
        PA
        USD
        495743.98000000
        0.813850332809
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2024-07-26
          Fixed
          3.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COMCAST CORP
        51M0QTTNCGUN7KFCFZ59
        Comcast Corp
        20030NDT5
        
          
        
        275000.00000000
        PA
        USD
        228266.37000000
        0.374739116738
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2056-11-01
          Fixed
          2.93700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SOUTHERN CAL EDISON
        9R1Z5I36FERIBVKW4P77
        Southern California Edison Co
        842400GG2
        
          
        
        150000.00000000
        PA
        USD
        144707.98000000
        0.237563424740
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2047-04-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AT&T INC
        549300Z40J86GGSTL398
        AT&T Inc
        00206RMM1
        
          
        
        300000.00000000
        PA
        USD
        267132.01000000
        0.438543853306
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2033-12-01
          Fixed
          2.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FOX CORP
        549300DDU6FDRBIELS05
        Fox Corp
        35137LAJ4
        
          
        
        150000.00000000
        PA
        USD
        170227.89000000
        0.279458814466
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2039-01-25
          Fixed
          5.47600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANK OF AMERICA CORP
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp
        06051GKJ7
        
          
        
        250000.00000000
        PA
        USD
        239117.08000000
        0.392552452454
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-02-04
          Fixed
          2.55100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Chicago Board of Trade
        549300EX04Q2QBFQTQ27
        US 2YR NOTE (CBT) JUN22
        000000000
        
          
        
        33.00000000
        NC
        USD
        -90328.10000000
        -0.14828935340
        N/A
        DIR
        
        US
        N
        
        1
        
          
            
              Chicago Board of Trade
              549300EX04Q2QBFQTQ27
            
            Long
            
              
                CBOT 2 Year US Treasury Note Future
                TUM2 COMDTY
              
            
            2022-06-30
            7083750.01000000
            USD
            -90328.10000000
          
        
        
          N
          N
          N
        
      
      
        WESTPAC BANKING CORP
        EN5TNI6CI43VEPAMHL14
        Westpac Banking Corp
        961214EP4
        
          
        
        100000.00000000
        PA
        USD
        87470.69000000
        0.143598415794
        Long
        DBT
        CORP
        AU
        N
        
        2
        
          2035-11-15
          Fixed
          2.66800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BRUNSWICK CORP
        YM4O38W15AX4YLLQKU27
        Brunswick Corp/DE
        117043AV1
        
          
        
        125000.00000000
        PA
        USD
        119411.03000000
        0.196034062797
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-04-01
          Fixed
          5.10000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AERCAP IRELAND CAP/GLOBA
        N/A
        AerCap Ireland Capital DAC / AerCap Global Aviation Trust
        00774MAW5
        
          
        
        250000.00000000
        PA
        USD
        231031.98000000
        0.379279348611
        Long
        DBT
        CORP
        IE
        N
        
        2
        
          2028-10-29
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AMERICAN AIRLINES/AADVAN
        N/A
        American Airlines Inc/AAdvantage Loyalty IP Ltd
        00253XAB7
        
          
        
        180000.00000000
        PA
        USD
        179572.50000000
        0.294799623967
        Long
        DBT
        CORP
        XX
        
        N
        
        2
        
          2029-04-20
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MIDWEST CONNECTOR CAPIT
        N/A
        Midwest Connector Capital Co LLC
        59833CAC6
        
          
        
        150000.00000000
        PA
        USD
        151888.59000000
        0.249351650263
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-04-01
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HollyFrontier Corp
        549300J3U2WK73C9ZK26
        HollyFrontier Corp
        436106AA6
        
          
        
        175000.00000000
        PA
        USD
        182354.55000000
        0.299366844972
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-04-01
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GILEAD SCIENCES INC
        549300WTZWR07K8MNV44
        Gilead Sciences Inc
        375558BT9
        
          
        
        75000.00000000
        PA
        USD
        61658.77000000
        0.101223640648
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-10-01
          Fixed
          2.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CHARTER COMM OPT LLC/CAP
        N/A
        Charter Communications Operating LLC / Charter Communications Operating Capital
        161175CE2
        
          
        
        375000.00000000
        PA
        USD
        311091.63000000
        0.510711247788
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2042-03-01
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OOREDOO INTL FINANCE
        549300BHXCDJ03WU7N77
        Ooredoo International Finance Ltd
        74735KAA0
        
          
        
        200000.00000000
        PA
        USD
        188053.40000000
        0.308722502643
        Long
        DBT
        CORP
        BM
        
        N
        
        2
        
          2031-04-08
          Fixed
          2.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BROWN & BROWN INC
        549300PC8KTJ71XKFY89
        Brown & Brown Inc
        115236AE1
        
          
        
        100000.00000000
        PA
        USD
        101757.96000000
        0.167053465000
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-03-17
          Fixed
          4.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SABRA HEALTH CARE LP
        549300OVKLRFSIQG0H81
        Sabra Health Care LP
        78574MAA1
        
          
        
        350000.00000000
        PA
        USD
        312929.70000000
        0.513728760742
        Long
        DBT
        
        US
        N
        
        2
        
          2031-12-01
          Fixed
          3.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DICK'S SPORTING GOODS
        529900SSBV5I4LWSK313
        Dick's Sporting Goods Inc
        253393AG7
        
          
        
        175000.00000000
        PA
        USD
        149794.85000000
        0.245914410348
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-01-15
          Fixed
          4.10000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CEDARS-SINAI HEALTH SYS
        N/A
        Cedars-Sinai Health System
        15073LAA1
        
          
        
        235000.00000000
        PA
        USD
        213606.07000000
        0.350671673631
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-08-15
          Fixed
          2.28800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HP INC
        WHKXQACZ14C5XRO8LW03
        HP Inc
        40434LAK1
        
          
        
        200000.00000000
        PA
        USD
        199435.19000000
        0.327407698940
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-04-15
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CONTINENTAL RESOURCES
        XXRTID9RYWOZ0UPIVR53
        Continental Resources Inc/OK
        212015AU5
        
          
        
        125000.00000000
        PA
        USD
        116875.00000000
        0.191870726593
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-11-15
          Fixed
          2.26800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MARATHON PETROLEUM CORP
        3BNYRYQHD39K4LCKQF12
        Marathon Petroleum Corp
        56585ABH4
        
          
        
        150000.00000000
        PA
        USD
        156045.77000000
        0.256176387352
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-05-01
          Fixed
          4.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ATHENE GLOBAL FUNDING
        549300LM1QSI4MSIL320
        Athene Global Funding
        04685A3L3
        
          
        
        350000.00000000
        PA
        USD
        337342.96000000
        0.553807391199
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-03-08
          Fixed
          3.20500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMORGAN CHASE & CO
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co
        46647PCR5
        
          
        
        550000.00000000
        PA
        USD
        503315.45000000
        0.826280223292
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-11-08
          Fixed
          2.54500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SMITHFIELD FOODS INC
        CVTIPZRZJC0JQEZLL598
        Smithfield Foods Inc
        832248BC1
        
          
        
        225000.00000000
        PA
        USD
        204524.63000000
        0.335762903652
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-10-15
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HYUNDAI CAPITAL AMERICA
        549300RIPPWJB5Z0FK07
        Hyundai Capital America
        44891ABY2
        
          
        
        75000.00000000
        PA
        USD
        70604.54000000
        0.115909684625
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-09-17
          Fixed
          1.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KYNDRYL HOLDINGS INC
        549300LQ4LWX2R8ZV130
        Kyndryl Holdings Inc
        50155QAA8
        
          
        
        175000.00000000
        PA
        USD
        156493.68000000
        0.256911709851
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-10-15
          Fixed
          2.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JDE PEET'S NV
        724500EHG519SE5ZRT89
        JDE Peet's NV
        47216QAB9
        
          
        
        150000.00000000
        PA
        USD
        134894.87000000
        0.221453490658
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          2027-01-15
          Fixed
          1.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DOMINION ENERGY INC
        ILUL7B6Z54MRYCF6H308
        Dominion Energy Inc
        25746UDL0
        
          
        
        198000.00000000
        PA
        USD
        178630.94000000
        0.293253888769
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-08-15
          Fixed
          2.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AGILENT TECHNOLOGIES INC
        QUIX8Y7A2WP0XRMW7G29
        Agilent Technologies Inc
        00846UAN1
        
          
        
        225000.00000000
        PA
        USD
        203553.41000000
        0.334168476383
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-03-12
          Fixed
          2.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SABINE PASS LIQUEFACTION
        549300KJYBG7C6WJYZ11
        Sabine Pass Liquefaction LLC
        785592AX4
        
          
        
        325000.00000000
        PA
        USD
        340386.91000000
        0.558804566799
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-05-15
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CREDIT AGRICOLE LONDON
        969500TJ5KRTCJQWXH05
        Credit Agricole SA/London
        22535WAB3
        
          
        
        250000.00000000
        PA
        USD
        252718.74000000
        0.414881953092
        Long
        DBT
        CORP
        FR
        N
        
        2
        
          2027-01-10
          Fixed
          4.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Chicago Board of Trade
        549300EX04Q2QBFQTQ27
        US 10YR NOTE (CBT)JUN22
        000000000
        
          
        
        -10.00000000
        NC
        USD
        25594.31000000
        0.042017530321
        N/A
        DIR
        
        US
        N
        
        1
        
          
            
              Chicago Board of Trade
              549300EX04Q2QBFQTQ27
            
            Short
            
              
                CBOT 10 Year US Treasury Note
                TYM2 COMDTY
              
            
            2022-06-21
            -1254344.31000000
            USD
            25594.31000000
          
        
        
          N
          N
          N
        
      
      
        ROCKETMTGE CO-ISSUER INC
        N/A
        Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc
        74841CAB7
        
          
        
        200000.00000000
        PA
        USD
        181305.00000000
        0.297643825326
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-03-01
          Fixed
          3.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CUBESMART LP
        549300MPHKO3I3FJRA97
        CubeSmart LP
        22966RAH9
        
          
        
        350000.00000000
        PA
        USD
        318344.57000000
        0.522618215641
        Long
        DBT
        
        US
        N
        
        2
        
          2028-12-15
          Fixed
          2.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYFAIR INC
        54930027N9ZAVYFDHK53
        Wayfair Inc
        94419LAM3
        
          
        
        285000.00000000
        PA
        USD
        235410.00000000
        0.386466633133
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-10-01
          Fixed
          0.62500000
          N
          N
          N
          N
          N
          
            
              Wayfair Inc
              Wayfair Inc
              USD
              
                
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        Chicago Board of Trade
        549300EX04Q2QBFQTQ27
        US LONG BOND(CBT) JUN22
        000000000
        
          
        
        27.00000000
        NC
        USD
        -98794.00000000
        -0.16218760695
        N/A
        DIR
        
        US
        N
        
        1
        
          
            
              Chicago Board of Trade
              549300EX04Q2QBFQTQ27
            
            Long
            
              
                CBOT US Long Bond Future
                USM2 COMDTY
              
            
            2022-06-21
            4150481.50000000
            USD
            -98794.00000000
          
        
        
          N
          N
          N
        
      
      
        BANCO SANTANDER SA
        5493006QMFDDMYWIAM13
        Banco Santander SA
        05964HAQ8
        
          
        
        200000.00000000
        PA
        USD
        201148.69000000
        0.330220708480
        Long
        DBT
        CORP
        ES
        N
        
        2
        
          2028-03-24
          Fixed
          4.17500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SBA COMMUNICATIONS CORP
        5299001HX8ZN8Y8QIT49
        SBA Communications Corp
        78410GAG9
        
          
        
        110000.00000000
        PA
        USD
        100204.50000000
        0.164503189073
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-02-01
          Fixed
          3.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BPCE SA
        9695005MSX1OYEMGDF46
        BPCE SA
        05578QAF0
        
          
        
        250000.00000000
        PA
        USD
        226698.30000000
        0.372164855944
        Long
        DBT
        CORP
        FR
        N
        
        2
        
          2032-10-19
          Fixed
          3.11600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SHERWIN-WILLIAMS CO
        Z15BMIOX8DDH0X2OBP21
        Sherwin-Williams Co/The
        824348BL9
        
          
        
        50000.00000000
        PA
        USD
        45778.16000000
        0.075152845530
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-05-15
          Fixed
          2.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WELLS FARGO & COMPANY
        PBLD0EJDB5FWOLXP3B76
        Wells Fargo & Co
        95000U2G7
        
          
        
        400000.00000000
        PA
        USD
        380613.43000000
        0.624843425586
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-10-30
          Fixed
          2.87900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        STANDARD INDUSTRIES INC
        54930064UHXCIUWVI755
        Standard Industries Inc/NJ
        000000000
        
          
        
        100000.00000000
        PA
        
        103910.92000000
        0.170587924889
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-11-21
          Fixed
          2.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ALEXANDRIA REAL ESTATE E
        MGCJBT4MKTQBVLNUIS88
        Alexandria Real Estate Equities Inc
        015271AY5
        
          
        
        150000.00000000
        PA
        USD
        141344.96000000
        0.232042440004
        Long
        DBT
        
        US
        N
        
        2
        
          2034-03-15
          Fixed
          2.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AMGEN INC
        62QBXGPJ34PQ72Z12S66
        Amgen Inc
        031162DC1
        
          
        
        75000.00000000
        PA
        USD
        63694.58000000
        0.104565778350
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-01-15
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MET LIFE GLOB FUNDING I
        635400MMSOCXNNNZDZ82
        Metropolitan Life Global Funding I
        59217GEG0
        
          
        
        150000.00000000
        PA
        USD
        145588.26000000
        0.239008558115
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-04-09
          Fixed
          2.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NOVA Chemicals Corp
        549300ZOD6N7RI2FJP09
        NOVA Chemicals Corp
        66977WAQ2
        
          
        
        200000.00000000
        PA
        USD
        202500.00000000
        0.332439119873
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2024-06-01
          Fixed
          4.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AUST & NZ BANKING GROUP
        JHE42UYNWWTJB8YTTU19
        Australia & New Zealand Banking Group Ltd
        052528AM8
        
          
        
        200000.00000000
        PA
        USD
        174789.08000000
        0.286946804536
        Long
        DBT
        CORP
        AU
        N
        
        2
        
          2035-11-25
          Fixed
          2.57000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SHERWIN-WILLIAMS CO
        Z15BMIOX8DDH0X2OBP21
        Sherwin-Williams Co/The
        824348BJ4
        
          
        
        100000.00000000
        PA
        USD
        96543.13000000
        0.158492410701
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-08-15
          Fixed
          2.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Chicago Board of Trade
        549300EX04Q2QBFQTQ27
        US 5YR NOTE (CBT) JUN22
        000000000
        
          
        
        -4.00000000
        NC
        USD
        7554.69000000
        0.012402343182
        N/A
        DIR
        
        US
        N
        
        1
        
          
            
              Chicago Board of Trade
              549300EX04Q2QBFQTQ27
            
            Short
            
              
                CBOT 5 Year US Treasury Note
                FVM2 COMDTY
              
            
            2022-06-30
            -466304.69000000
            USD
            7554.69000000
          
        
        
          N
          N
          N
        
      
      
        POSCO HOLDINGS INC
        988400E5HRVX81AYLM04
        POSCO Holdings Inc
        693483AD1
        
          
        
        200000.00000000
        PA
        USD
        202876.23000000
        0.333056767133
        Long
        DBT
        CORP
        KR
        N
        
        2
        
          2023-08-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        IBM CORP
        VGRQXHF3J8VDLUA7XE92
        International Business Machines Corp
        459200KK6
        
          
        
        150000.00000000
        PA
        USD
        133362.63000000
        0.218938051067
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2040-05-15
          Fixed
          2.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CONSUMERS ENERGY CO
        7NKTFWJ1G6MELP9TU740
        Consumers Energy Co
        210518DH6
        
          
        
        150000.00000000
        PA
        USD
        147209.03000000
        0.241669335163
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-08-01
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        INDIANA MICHIGAN POWER
        JHR9V15J0ZRG02MIRD06
        Indiana Michigan Power Co
        454889AT3
        
          
        
        50000.00000000
        PA
        USD
        51688.35000000
        0.084855454724
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2048-08-15
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        STRYKER CORP
        5493002F0SC4JTBU5137
        Stryker Corp
        863667AZ4
        
          
        
        125000.00000000
        PA
        USD
        108877.76000000
        0.178741860287
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-06-15
          Fixed
          2.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PECO ENERGY CO
        YH65D4JBECK76IFEJ279
        PECO Energy Co
        693304BA4
        
          
        
        125000.00000000
        PA
        USD
        113305.13000000
        0.186010161453
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-03-15
          Fixed
          3.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VERIZON COMMUNICATIONS
        2S72QS2UO2OESLG6Y829
        Verizon Communications Inc
        92343VGK4
        
          
        
        50000.00000000
        PA
        USD
        47004.77000000
        0.077166540092
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2041-03-22
          Fixed
          3.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley & Co. LLC
        549300BI6Y5SI6BYPB26
        Morgan Stanley Institutional Liquidity Funds - Government Portfolio
        61747C707
        
          
        
        1076528.30000000
        NS
        USD
        1076528.30000000
        1.767309237387
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AMAZON.COM INC
        ZXTILKJKG63JELOEG630
        Amazon.com Inc
        023135BT2
        
          
        
        250000.00000000
        PA
        USD
        209405.87000000
        0.343776311699
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-06-03
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WALT DISNEY COMPANY/THE
        549300GZKULIZ0WOW665
        Walt Disney Co/The
        254687FM3
        
          
        
        204000.00000000
        PA
        USD
        174379.39000000
        0.286274226842
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2049-09-01
          Fixed
          2.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UNION ELECTRIC CO
        QMPJLLDULY5C1M8PNY21
        Union Electric Co
        906548CU4
        
          
        
        100000.00000000
        PA
        USD
        103586.34000000
        0.170055070126
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-04-01
          Fixed
          3.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANK HAPOALIM
        B6ARUI4946ST4S7WOU88
        Bank Hapoalim BM
        000000000
        
          
        
        300000.00000000
        PA
        USD
        277500.00000000
        0.455564719826
        Long
        DBT
        CORP
        IL
        Y
        
        2
        
          2032-01-21
          Fixed
          3.25500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GENERAL MOTORS FINL CO
        5493008B6JBRUJ90QL97
        General Motors Financial Co Inc
        37045XBT2
        
          
        
        100000.00000000
        PA
        USD
        101847.96000000
        0.167201215720
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-01-17
          Fixed
          4.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LEVEL 3 FINANCING INC
        254900AE5FEFIJOXWL19
        Level 3 Financing Inc
        527298BP7
        
          
        
        375000.00000000
        PA
        USD
        354202.50000000
        0.581485270898
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-03-01
          Fixed
          3.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ORACLE CORP
        1Z4GXXU7ZHVWFCD8TV52
        Oracle Corp
        68389XBZ7
        
          
        
        200000.00000000
        PA
        USD
        175222.64000000
        0.287658569005
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2041-03-25
          Fixed
          3.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MPLX LP
        5493000CZJ19CK4P3G36
        MPLX LP
        55336VBP4
        
          
        
        100000.00000000
        PA
        USD
        106419.27000000
        0.174705819537
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2047-12-01
          Fixed
          5.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BLACKSTONE PRIVATE CRE
        549300ORP3TTCNXSYO43
        Blackstone Private Credit Fund
        09261HAS6
        
          
        
        325000.00000000
        PA
        USD
        329879.97000000
        0.541555589583
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-03-24
          Fixed
          4.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MINSUR SA
        254900C69MVC7SXO2G61
        Minsur SA
        60447KAB6
        
          
        
        200000.00000000
        PA
        USD
        193190.00000000
        0.317155128732
        Long
        DBT
        CORP
        PE
        N
        
        2
        
          2031-10-28
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AT&T INC
        549300Z40J86GGSTL398
        AT&T Inc
        00206RLJ9
        
          
        
        838000.00000000
        PA
        USD
        741955.48000000
        1.218049514847
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2055-09-15
          Fixed
          3.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PUBLIC SERVICE ENTERPRIS
        PUSS41EMO3E6XXNV3U28
        Public Service Enterprise Group Inc
        744573AU0
        
          
        
        300000.00000000
        PA
        USD
        272872.01000000
        0.447967065889
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-11-15
          Fixed
          2.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROYALTY PHARMA PLC
        549300FGFN7VOK8BZR03
        Royalty Pharma PLC
        78081BAN3
        
          
        
        75000.00000000
        PA
        USD
        64409.02000000
        0.105738656398
        Long
        DBT
        CORP
        GB
        
        N
        
        2
        
          2031-09-02
          Fixed
          2.15000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VONTIER CORP
        549300VVSQLG4P5K4639
        Vontier Corp
        928881AF8
        
          
        
        275000.00000000
        PA
        USD
        244828.38000000
        0.401928548974
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-04-01
          Fixed
          2.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VERIZON COMMUNICATIONS
        2S72QS2UO2OESLG6Y829
        Verizon Communications Inc
        92343VFT6
        
          
        
        100000.00000000
        PA
        USD
        85323.56000000
        0.140073526868
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2040-11-20
          Fixed
          2.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BAT CAPITAL CORP
        2138005GYEXN7XRHFA84
        BAT Capital Corp
        05526DBT1
        
          
        
        150000.00000000
        PA
        USD
        123228.57000000
        0.202301221501
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2040-09-25
          Fixed
          3.73400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BERKSHIRE HATHAWAY ENERG
        549300JD0S5IZJE9LY15
        Berkshire Hathaway Energy Co
        084659BC4
        
          
        
        350000.00000000
        PA
        USD
        297942.33000000
        0.489124375102
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-05-15
          Fixed
          2.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        McDonald's Corp
        UE2136O97NLB5BYP9H04
        McDonald's Corp
        58013MFH2
        
          
        
        275000.00000000
        PA
        USD
        296646.66000000
        0.486997306488
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2048-09-01
          Fixed
          4.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CHARTER COMM OPT LLC/CAP
        N/A
        Charter Communications Operating LLC / Charter Communications Operating Capital
        161175BX1
        
          
        
        50000.00000000
        PA
        USD
        42818.08000000
        0.070293357184
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-02-01
          Fixed
          2.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ENTERPRISE PRODUCTS OPER
        5493004LGN656HWLDA30
        Enterprise Products Operating LLC
        29379VBZ5
        
          
        
        125000.00000000
        PA
        USD
        116644.62000000
        0.191492517584
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2060-01-31
          Fixed
          3.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BOEING CO
        RVHJWBXLJ1RFUBSY1F30
        Boeing Co/The
        097023CY9
        
          
        
        250000.00000000
        PA
        USD
        266999.30000000
        0.438325986661
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-05-01
          Fixed
          5.15000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ITAU UNIBANCO HLDG SA/KY
        5493002W2IVG62O3ZJ94
        Itau Unibanco Holding SA/Cayman Island
        46556JAA7
        
          
        
        325000.00000000
        PA
        USD
        326342.25000000
        0.535747804284
        Long
        DBT
        CORP
        BR
        N
        
        2
        
          2023-01-24
          Fixed
          2.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ANHEUSER-BUSCH INBEV WOR
        549300CRGMZK3K53BF92
        Anheuser-Busch InBev Worldwide Inc
        035240AM2
        
          
        
        50000.00000000
        PA
        USD
        52662.84000000
        0.086455250269
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2038-04-15
          Fixed
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PURE STORAGE INC
        549300NPDB0BZTK3WO90
        Pure Storage Inc
        74624MAB8
        
          
        
        144000.00000000
        PA
        USD
        201312.00000000
        0.330488810370
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2023-04-15
          Fixed
          0.12500000
          N
          N
          N
          N
          Y
          
            
              Pure Storage Inc
              Pure Storage Inc
              USD
              
                
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        ANHEUSER-BUSCH INBEV WOR
        549300CRGMZK3K53BF92
        Anheuser-Busch InBev Worldwide Inc
        035240AN0
        
          
        
        550000.00000000
        PA
        USD
        595561.71000000
        0.977718571371
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2048-04-15
          Fixed
          4.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GOLDMAN SACHS GROUP INC
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group Inc/The
        38141GYM0
        
          
        
        175000.00000000
        PA
        USD
        162880.66000000
        0.267397053110
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-10-21
          Fixed
          1.94800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BPCE SA
        9695005MSX1OYEMGDF46
        BPCE SA
        05578QAH6
        
          
        
        250000.00000000
        PA
        USD
        234077.04000000
        0.384278346470
        Long
        DBT
        CORP
        FR
        N
        
        2
        
          2037-01-14
          Fixed
          3.64800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BOEING CO
        RVHJWBXLJ1RFUBSY1F30
        Boeing Co/The
        097023CP8
        
          
        
        50000.00000000
        PA
        USD
        44738.51000000
        0.073446078463
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2035-02-01
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BURLINGTN NORTH SANTA FE
        N/A
        Burlington Northern Santa Fe LLC
        12189LAU5
        
          
        
        50000.00000000
        PA
        USD
        55635.45000000
        0.091335308798
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2044-09-01
          Fixed
          4.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Glencore Funding LLC
        213800STG1QDNBY87K49
        Glencore Funding LLC
        378272AT5
        
          
        
        125000.00000000
        PA
        USD
        126774.37000000
        0.208122271532
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2024-03-12
          Fixed
          4.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dupont De Nemours Inc
        5493004JF0SDFLM8GD76
        DuPont de Nemours Inc
        26078JAE0
        
          
        
        150000.00000000
        PA
        USD
        172815.48000000
        0.283706795415
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2038-11-15
          Fixed
          5.31900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        General Motors Co
        54930070NSV60J38I987
        General Motors Co
        37045VAL4
        
          
        
        25000.00000000
        PA
        USD
        30210.50000000
        0.049595812498
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2046-04-01
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GLENCORE FUNDING LLC
        213800STG1QDNBY87K49
        Glencore Funding LLC
        378272AY4
        
          
        
        225000.00000000
        PA
        USD
        201668.33000000
        0.331073788304
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2030-09-01
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        T-MOBILE USA INC
        549300V2JRLO5DIFGE82
        T-Mobile USA Inc
        87264ABX2
        
          
        
        250000.00000000
        PA
        USD
        219091.50000000
        0.359676965095
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-11-15
          Fixed
          2.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DELL INT LLC / EMC CORP
        N/A
        Dell International LLC / EMC Corp
        24703TAD8
        
          
        
        100000.00000000
        PA
        USD
        108416.24000000
        0.177984194595
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-06-15
          Fixed
          6.02000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HYUNDAI CAPITAL AMERICA
        549300RIPPWJB5Z0FK07
        Hyundai Capital America
        44891ABG1
        
          
        
        625000.00000000
        PA
        USD
        597924.30000000
        0.981597175521
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-02-10
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase & Co
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co
        46647PAL0
        
          
        
        50000.00000000
        PA
        USD
        51295.64000000
        0.084210752666
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2048-11-15
          Fixed
          3.96400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DAIMLER TRUCKS FINAN NA
        5493003HSDTSCZRXBA58
        Daimler Trucks Finance North America LLC
        233853AB6
        
          
        
        150000.00000000
        PA
        USD
        145547.62000000
        0.238941840456
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2023-12-14
          Fixed
          1.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VALERO ENERGY CORP
        549300XTO5VR8SKV1V74
        Valero Energy Corp
        91913YBD1
        
          
        
        225000.00000000
        PA
        USD
        199156.84000000
        0.326950738797
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-12-01
          Fixed
          3.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DIAMONDBACK ENERGY INC
        549300R22LSX6OHWEN64
        Diamondback Energy Inc
        25278XAR0
        
          
        
        275000.00000000
        PA
        USD
        263102.88000000
        0.431929332658
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-03-24
          Fixed
          3.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        INTERSTATE POWER & LIGHT
        EF9UQIIO4KY2BWOK3P26
        Interstate Power and Light Co
        461070AR5
        
          
        
        100000.00000000
        PA
        USD
        91325.81000000
        0.149927268632
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2049-09-30
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SOCIETE GENERALE
        O2RNE8IBXP4R0TD8PU41
        Societe Generale SA
        83368RAV4
        
          
        
        350000.00000000
        PA
        USD
        338903.85000000
        0.556369864769
        Long
        DBT
        CORP
        FR
        N
        
        2
        
          2025-01-22
          Fixed
          2.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NEXTERA ENERGY CAPITAL
        UMI46YPGBLUE4VGNNT48
        NextEra Energy Capital Holdings Inc
        65339KBW9
        
          
        
        125000.00000000
        PA
        USD
        115424.26000000
        0.189489083488
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-06-15
          Fixed
          1.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ING Groep NV
        549300NYKK9MWM7GGW15
        ING Groep NV
        45685NAA4
        
          
        
        250000.00000000
        PA
        USD
        258634.88000000
        0.424594330250
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          2026-01-06
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Aflac Inc
        549300N0B7DOGLXWPP39
        Aflac Inc
        001055AY8
        
          
        
        75000.00000000
        PA
        USD
        86019.14000000
        0.141215442932
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2049-01-15
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ENERGY TRANSFER LP
        MTLVN9N7JE8MIBIJ1H73
        Energy Transfer LP
        86765BAV1
        
          
        
        50000.00000000
        PA
        USD
        52537.72000000
        0.086249843935
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2047-10-01
          Fixed
          5.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        EQUITABLE FINANCIAL LIFE
        635400B4JJBON4TCHF02
        Equitable Financial Life Global Funding
        29449WAD9
        
          
        
        350000.00000000
        PA
        USD
        304398.82000000
        0.499723831167
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-11-15
          Fixed
          1.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HCA INC
        L3CJ6J7LJ2DX62FTXD46
        HCA Inc
        404119CB3
        
          
        
        50000.00000000
        PA
        USD
        43527.22000000
        0.071457534357
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-07-15
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BROADCOM INC
        549300WV6GIDOZJTV909
        Broadcom Inc
        11135FAS0
        
          
        
        75000.00000000
        PA
        USD
        76258.29000000
        0.125191302768
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-11-15
          Fixed
          4.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        APT Pipelines Ltd
        261700SS8OEHDOCOUJ33
        APT Pipelines Ltd
        00205GAB3
        
          
        
        200000.00000000
        PA
        USD
        202965.90000000
        0.333203976100
        Long
        DBT
        CORP
        AU
        N
        
        2
        
          2025-03-23
          Fixed
          4.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NEWCASTLE COAL INFRASTRU
        549300YAJ8XYYGW2TZ32
        Newcastle Coal Infrastructure Group Pty Ltd
        65106WAA3
        
          
        
        500000.00000000
        PA
        USD
        464562.15000000
        0.762659912457
        Long
        DBT
        CORP
        AU
        N
        
        2
        
          2027-09-29
          Fixed
          4.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VERIZON COMMUNICATIONS
        2S72QS2UO2OESLG6Y829
        Verizon Communications Inc
        92343VGM0
        
          
        
        50000.00000000
        PA
        USD
        45244.98000000
        0.074277537431
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-03-15
          Fixed
          2.35500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NRG ENERGY INC
        5E2UPK5SW04M13XY7I38
        NRG Energy Inc
        629377CR1
        
          
        
        105000.00000000
        PA
        USD
        92509.73000000
        0.151870880103
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-02-15
          Fixed
          3.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HSBC Holdings PLC
        MLU0ZO3ML4LN2LL2TL39
        HSBC Holdings PLC
        404280BH1
        
          
        
        250000.00000000
        PA
        USD
        254836.50000000
        0.418358626032
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2026-11-23
          Fixed
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GOLDMAN SACHS GROUP INC
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group Inc/The
        38141GYB4
        
          
        
        1025000.00000000
        PA
        USD
        933703.58000000
        1.532837512879
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-04-22
          Fixed
          2.61500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COINBASE GLOBAL INC
        5493004G3J2SC154DU06
        Coinbase Global Inc
        19260QAC1
        
          
        
        70000.00000000
        PA
        USD
        61929.00000000
        0.101667270393
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-10-01
          Fixed
          3.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        S&P GLOBAL INC
        Y6X4K52KMJMZE7I7MY94
        S&P Global Inc
        78409VBE3
        
          
        
        25000.00000000
        PA
        USD
        25788.77000000
        0.042336770377
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2062-03-01
          Fixed
          3.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DUKE ENERGY CORP
        I1BZKREC126H0VB1BL91
        Duke Energy Corp
        26441CBF1
        
          
        
        50000.00000000
        PA
        USD
        50647.56000000
        0.083146816148
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2049-06-15
          Fixed
          4.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HOME DEPOT INC
        QEKMOTMBBKA8I816DO57
        Home Depot Inc/The
        437076CG5
        
          
        
        125000.00000000
        PA
        USD
        100562.98000000
        0.165091696607
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-03-15
          Fixed
          2.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SPOTIFY USA INC
        N/A
        Spotify USA Inc
        84921RAB6
        
          
        
        80000.00000000
        PA
        USD
        68570.48000000
        0.112570419854
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-03-15
          None
          0.00000000
          N
          N
          N
          N
          Y
          
            
              Spotify Technology SA
              Spotify Technology SA
              USD
              
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        THERMO FISHER SCIENTIFIC
        HCHV7422L5HDJZCRFL38
        Thermo Fisher Scientific Inc
        883556CM2
        
          
        
        150000.00000000
        PA
        USD
        134891.58000000
        0.221448089548
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2041-10-15
          Fixed
          2.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VIRGINIA ELEC & POWER CO
        CQKUMNNZVDJLRYV2PT43
        Virginia Electric and Power Co
        927804GD0
        
          
        
        100000.00000000
        PA
        USD
        80276.11000000
        0.131787256075
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-12-15
          Fixed
          2.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Barclays PLC
        213800LBQA1Y9L22JB70
        Barclays PLC
        06738EBH7
        
          
        
        375000.00000000
        PA
        USD
        378243.49000000
        0.620952755128
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2025-05-07
          Fixed
          3.93200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROYALTY PHARMA PLC
        549300FGFN7VOK8BZR03
        Royalty Pharma PLC
        78081BAK9
        
          
        
        75000.00000000
        PA
        USD
        65685.44000000
        0.107834122775
        Long
        DBT
        CORP
        GB
        
        N
        
        2
        
          2030-09-02
          Fixed
          2.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROCKIES EXPRESS PIPELINE
        W2ZGZGZKY5GGNY6F3V51
        Rockies Express Pipeline LLC
        77340RAS6
        
          
        
        200000.00000000
        PA
        USD
        196892.00000000
        0.323232608346
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-05-15
          Fixed
          3.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BPCE SA
        9695005MSX1OYEMGDF46
        BPCE SA
        05583JAF9
        
          
        
        250000.00000000
        PA
        USD
        253621.50000000
        0.416363991313
        Long
        DBT
        CORP
        FR
        N
        
        2
        
          2023-09-12
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GLOBAL ATLANTIC
        N/A
        Global Atlantic Fin Co
        37959GAC1
        
          
        
        160000.00000000
        PA
        USD
        151600.00000000
        0.248877879372
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-10-15
          Fixed
          4.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TD SYNNEX CORP
        5493004HI6PFLF46NS53
        TD SYNNEX Corp
        87162WAC4
        
          
        
        325000.00000000
        PA
        USD
        309043.05000000
        0.507348145901
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-08-09
          Fixed
          1.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DIAMOND SPORTS GR/DIAMON
        N/A
        Diamond Sports Group LLC / Diamond Sports Finance Co
        25277LAC0
        
          
        
        70000.00000000
        PA
        USD
        14591.50000000
        0.023954495889
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-08-15
          Fixed
          6.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANC CREDITO INVERSIONES
        549300E9E5Y3PKW24142
        Banco de Credito e Inversiones SA
        05890MAB9
        
          
        
        200000.00000000
        PA
        USD
        185006.00000000
        0.303719663265
        Long
        DBT
        CORP
        CL
        N
        
        2
        
          2031-10-14
          Fixed
          2.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        EXXON MOBIL CORPORATION
        J3WHBG0MTS7O8ZVMDC91
        Exxon Mobil Corp
        30231GBM3
        
          
        
        175000.00000000
        PA
        USD
        170521.33000000
        0.279940547480
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-04-15
          Fixed
          3.45200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VERIZON COMMUNICATIONS
        2S72QS2UO2OESLG6Y829
        Verizon Communications Inc
        92343VFR0
        
          
        
        150000.00000000
        PA
        USD
        130988.84000000
        0.215041060162
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-01-20
          Fixed
          1.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GEORGIA-PACIFIC LLC
        L2EVHWFHVAQK72TMH265
        Georgia-Pacific LLC
        37331NAK7
        
          
        
        350000.00000000
        PA
        USD
        325222.75000000
        0.533909949495
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-04-30
          Fixed
          2.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HIGH STREET FNDG TRUST I
        N/A
        High Street Funding Trust I
        42981CAA6
        
          
        
        375000.00000000
        PA
        USD
        384948.75000000
        0.631960610599
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-02-15
          Fixed
          4.11100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BELROSE FUNDING TRUST
        N/A
        Belrose Funding Trust
        080807AA8
        
          
        
        175000.00000000
        PA
        USD
        153516.14000000
        0.252023557866
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-08-15
          Fixed
          2.33000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANCO SANTANDER CHILE
        3YJP8HORPAEXJ80D6368
        Banco Santander Chile
        05970FAC5
        
          
        
        250000.00000000
        PA
        USD
        244938.13000000
        0.402108722768
        Long
        DBT
        CORP
        CL
        N
        
        2
        
          2025-01-10
          Fixed
          2.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANK OF AMERICA CORP
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp
        06051GJE0
        
          
        
        600000.00000000
        PA
        USD
        508491.47000000
        0.834777564197
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2041-06-19
          Fixed
          2.67600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ENERGY TRANSFER LP
        MTLVN9N7JE8MIBIJ1H73
        Energy Transfer LP
        29278NAR4
        
          
        
        50000.00000000
        PA
        USD
        50793.55000000
        0.083386484233
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-05-15
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        RESORTS WORLD/RWLV CAP
        N/A
        Resorts World Las Vegas LLC / RWLV Capital Inc
        76120HAA5
        
          
        
        200000.00000000
        PA
        USD
        181150.12000000
        0.297389562754
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-04-16
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GLOBAL ATLANTIC FIN CO
        N/A
        Global Atlantic Fin Co
        37959GAA5
        
          
        
        675000.00000000
        PA
        USD
        675156.15000000
        1.108386747077
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-10-15
          Fixed
          4.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GEORGIA POWER CO
        D981X4Z4RWS7PDMJUZ03
        Georgia Power Co
        373334KP5
        
          
        
        125000.00000000
        PA
        USD
        108805.74000000
        0.178623626878
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-03-15
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SOCIETE GENERALE
        O2RNE8IBXP4R0TD8PU41
        Societe Generale SA
        83368RBD3
        
          
        
        200000.00000000
        PA
        USD
        179528.53000000
        0.294727439532
        Long
        DBT
        CORP
        FR
        N
        
        2
        
          2032-06-09
          Fixed
          2.88900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KKR GROUP FIN CO X LLC
        N/A
        KKR Group Finance Co X LLC
        48255BAA4
        
          
        
        200000.00000000
        PA
        USD
        167110.65000000
        0.274341320530
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-12-15
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
    
    
      
    
    
      2022-04-20
      MORGAN STANLEY VARIABLE INVESTMENT SERIES
      Francis Smith
      Francis Smith
      Principal Financial Officer
    
  
  XXXX

Morgan Stanley Variable Investment Series - Income Plus Portfolio

Portfolio of Investments ▪ March 31, 2022 (unaudited)

PRINCIPAL AMOUNT (000)			COUPON RATE			MATURITY DATE	VALUE
		Corporate Bonds (95.8%)
		Basic Materials (3.7%)
$	200	Braskem Netherlands Finance BV (Brazil) (a)		4.50	%	01/31/30	$	193,929
	150	DuPont de Nemours, Inc.		5.319		11/15/38		172,816
	350	Georgia-Pacific LLC (a)		2.30		04/30/30		325,223
	225	Glencore Funding LLC (Australia) (a)		2.50		09/01/30		201,668
	125	Glencore Funding LLC (Australia) (a)		4.125		03/12/24		126,775
	200	Minsur SA (Peru) (a)		4.50		10/28/31		193,190
	500	Newcastle Coal Infrastructure Group Pty Ltd. (Australia) (a)		4.40		09/29/27		464,562
	200	NOVA Chemicals Corp. (Canada) (a)		4.875		06/01/24		202,500
	200	POSCO (Korea, Republic of) (a)		4.00		08/01/23		202,876
	50	Sherwin-Williams Co. (The)		2.30		05/15/30		45,778
	100	Sherwin-Williams Co. (The)		2.95		08/15/29		96,543
								2,225,860
		Communications (11.3%)
	75	Airbnb, Inc. (b)		0.00		03/15/26		72,877
	250	Amazon.com, Inc.		2.50		06/03/50		209,406
	200	Amazon.com, Inc.		2.70		06/03/60		165,778
	300	AT&T, Inc.		2.55		12/01/33		267,132
	838	AT&T, Inc.		3.55		09/15/55		741,955
	200	Baidu, Inc. (China)		1.72		04/09/26		184,542
	125	Charter Communications Operating LLC/Charter Communications Operating Capital		5.125		07/01/49		124,387
	50	Charter Communications Operating LLC/Charter Communications Operating Capital		2.30		02/01/32		42,818
	150	Charter Communications Operating LLC/Charter Communications Operating Capital		2.80		04/01/31		135,420
	375	Charter Communications Operating LLC/Charter Communications Operating Capital		3.50		03/01/42		311,092
	275	Comcast Corp. (a)		2.937		11/01/56		228,266
	175	Comcast Corp.		3.75		04/01/40		176,821
	75	Expedia Group, Inc. (b)		0.00		02/15/26		91,598
	150	Fox Corp.		5.476		01/25/39		170,228
	375	Level 3 Financing, Inc. (a)		3.40		03/01/27		354,202
	200	NBN Co. Ltd. (Australia) (a)		2.50		01/08/32		179,823
	350	NBN Co. Ltd. (Australia) (a)		2.625		05/05/31		319,472
	200	Ooredoo International Finance Ltd. (Qatar) (a)		2.625		04/08/31		188,053
	200	Prosus N.V. (China) (a)		3.68		01/21/30		175,452
	300	Rogers Communications, Inc. (Canada) (a)		4.55		03/15/52		299,118
	80	Spotify USA, Inc. (b)		0.00		03/15/26		68,571
	150	Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC (a)		4.738		03/20/25		153,215
	250	T-Mobile USA, Inc.		2.25		11/15/31		219,091
	150	T-Mobile USA, Inc.		3.30		02/15/51		126,670
	100	T-Mobile USA, Inc. (a)		3.40		10/15/52		85,407
	375	Tencent Holdings Ltd. (China) (a)		3.595		01/19/28		366,038
	10	Twitter, Inc. (a)		5.00		03/01/30		9,967
	170	Uber Technologies, Inc. (b)		0.00		12/15/25		153,000
	150	Verizon Communications, Inc.		1.75		01/20/31		130,989
	50	Verizon Communications, Inc. (a)		2.355		03/15/32		45,245
	100	Verizon Communications, Inc.		2.65		11/20/40		85,324
	380	Verizon Communications, Inc.		2.987		10/30/56		314,144
	50	Verizon Communications, Inc.		3.40		03/22/41		47,005
	100	Vodafone Group PLC (United Kingdom)		4.375		02/19/43		100,644
	204	Walt Disney Co. (The)		2.75		09/01/49		174,379
	100	Walt Disney Co. (The)		3.50		05/13/40		97,770
	285	Wayfair, Inc.		0.625		10/01/25		235,410
								6,851,309

Morgan Stanley Variable Investment Series - Income Plus Portfolio

Portfolio of Investments ▪ March 31, 2022 (unaudited)

		Consumer, Cyclical (8.2%)
	441	Alaska Airlines 2020-1 Class A Pass Through Trust (a)	4.80	08/15/27	452,115
	180	American Airlines Inc/AAdvantage Loyalty IP Ltd. (a)	5.75	04/20/29	179,572
	150	Daimler Trucks Finance North America LLC (Germany) (a)	1.125	12/14/23	145,548
	150	Daimler Trucks Finance North America LLC (Germany) (a)	2.00	12/14/26	139,896
	175	Dick's Sporting Goods, Inc.	4.10	01/15/52	149,795
	300	General Motors Co.	6.60	04/01/36	349,290
	25	General Motors Co.	6.75	04/01/46	30,210
	50	General Motors Financial Co., Inc.	3.85	01/05/28	49,541
	100	General Motors Financial Co., Inc.	4.35	01/17/27	101,848
	125	Home Depot, Inc. (The)	2.375	03/15/51	100,563
	75	Hyundai Capital America (a)	1.00	09/17/24	70,605
	625	Hyundai Capital America (a)	3.00	02/10/27	597,924
	274	JetBlue Pass Through Trust, Series AA	2.75	05/15/32	257,796
	375	Las Vegas Sands Corp.	3.20	08/08/24	358,286
	125	Lowe's Cos., Inc.	3.00	10/15/50	106,733
	55	Macy's Retail Holdings LLC (a)	5.875	03/15/30	54,322
	200	Magallanes, Inc. Co. (a)	4.279	03/15/32	201,138
	100	Magallanes, Inc. Co. (a)	5.05	03/15/42	102,210
	125	Magallanes, Inc. Co.	5.141	03/15/52	128,184
	375	Marriott International, Inc., Series GG	3.50	10/15/32	357,639
	275	McDonald's Corp.	4.45	09/01/48	296,647
	275	Nissan Motor Co. Ltd. (Japan) (a)	3.043	09/15/23	274,525
	155	Peloton Interactive, Inc. (b)	0.00	02/15/26	128,844
	200	Resorts World Las Vegas LLC/RWLV Capital, Inc. (a)	4.625	04/16/29	181,150
	125	Starbucks Corp.	2.25	03/12/30	114,578
	75	Starbucks Corp.	3.00	02/14/32	71,611
					5,000,570
		Consumer, Non-Cyclical (8.6%)
	125	AbbVie, Inc.	4.05	11/21/39	128,805
	150	AbbVie, Inc.	4.25	11/21/49	156,228
	200	Altria Group, Inc.	3.40	02/04/41	164,730
	75	Amgen, Inc.	3.00	01/15/52	63,695
	125	Amgen, Inc.	4.20	02/22/52	129,685
	25	Anheuser-Busch InBev Worldwide, Inc. (Belgium)	4.35	06/01/40	26,082
	50	Anheuser-Busch InBev Worldwide, Inc. (Belgium)	4.375	04/15/38	52,663
	550	Anheuser-Busch InBev Worldwide, Inc. (Belgium)	4.60	04/15/48	595,562
	375	BAT Capital Corp. (United Kingdom)	3.557	08/15/27	365,612
	150	BAT Capital Corp. (United Kingdom)	3.734	09/25/40	123,229
	100	Bio-Rad Laboratories, Inc.	3.30	03/15/27	98,563
	125	Brunswick Corp.	5.10	04/01/52	119,411
	235	Cedars-Sinai Health System, Series 2021	2.288	08/15/31	213,606
	175	Cigna Corp.	3.40	03/15/50	158,245
	550	CVS Health Corp.	1.875	02/28/31	484,903
	75	Gilead Sciences, Inc.	2.80	10/01/50	61,659
EUR	100	Grifols SA (Spain) (a)	2.25	11/15/27	105,964
$	50	HCA, Inc.	3.50	07/15/51	43,527
	500	Imperial Brands Finance PLC (United Kingdom) (a)	3.125	07/26/24	495,744
	225	JBS Finance Luxembourg Sarl (Brazil) (a)	2.50	01/15/27	209,424
	150	JDE Peet's N.V. (Netherlands) (a)	1.375	01/15/27	134,895
	225	Kimberly-Clark de Mexico SAB de CV (Mexico) (a)	2.431	07/01/31	204,183
	100	Mozart Debt Merger Sub, Inc. (a)	3.875	04/01/29	92,627
EUR	100	Q-Park Holding I BV (Netherlands) (a)	1.50	03/01/25	104,218
$	75	Royalty Pharma PLC	2.15	09/02/31	64,409
	75	Royalty Pharma PLC	2.20	09/02/30	65,685
	75	Royalty Pharma PLC	3.55	09/02/50	62,536
	225	Smithfield Foods, Inc. (a)	3.00	10/15/30	204,525
	125	Stryker Corp.	2.90	06/15/50	108,878

Morgan Stanley Variable Investment Series - Income Plus Portfolio

Portfolio of Investments ▪ March 31, 2022 (unaudited)

150	Thermo Fisher Scientific, Inc.	2.80	10/15/41		134,892
325	Transurban Finance Co. Pty Ltd. (Australia) (a)	2.45	03/16/31		288,651
					5,262,836
	Energy (7.3%)
175	BP Capital Markets PLC (United Kingdom)	4.375	06/22/25	(c)	176,400
175	BP Capital Markets PLC (United Kingdom)	4.875	03/22/30	(c)	175,984
125	Continental Resources, Inc. (a)	2.268	11/15/26		116,875
275	Continental Resources, Inc. (a)	2.875	04/01/32		245,657
250	Coterra Energy, Inc. (a)	3.90	05/15/27		252,266
275	Diamondback Energy, Inc.	3.125	03/24/31		263,103
100	Diamondback Energy, Inc.	3.25	12/01/26		100,002
350	Enbridge, Inc. (Canada)	2.50	08/01/33		311,445
50	Energy Transfer LP	5.00	05/15/50		50,794
50	Energy Transfer LP	5.40	10/01/47		52,538
125	Enterprise Products Operating LLC	3.30	02/15/53		107,066
125	Enterprise Products Operating LLC	3.95	01/31/60		116,645
175	Exxon Mobil Corp.	3.452	04/15/51		170,521
125	HollyFrontier Corp.	4.50	10/01/30		122,052
175	HollyFrontier Corp.	5.875	04/01/26		182,355
75	Kinder Morgan, Inc.	3.60	02/15/51		66,828
150	Marathon Petroleum Corp.	4.70	05/01/25		156,046
150	Midwest Connector Capital Co. LLC (a)	4.625	04/01/29		151,889
75	MPLX LP	4.95	03/14/52		78,284
100	MPLX LP	5.20	12/01/47		106,419
350	ONEOK, Inc.	3.10	03/15/30		328,565
200	Rockies Express Pipeline LLC (a)	3.60	05/15/25		196,892
325	Sabine Pass Liquefaction LLC	4.50	05/15/30		340,387
75	Shell International Finance BV (Netherlands)	3.125	11/07/49		68,526
125	Transcontinental Gas Pipe Line Co. LLC	3.95	05/15/50		122,011
200	Transportadora de Gas Internacional SA ESP (Colombia) (a)	5.55	11/01/28		207,014
225	Valero Energy Corp.	3.65	12/01/51		199,157
					4,465,721
	Finance (37.2%)
250	AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland)	3.00	10/29/28		231,032
75	Aflac, Inc.	4.75	01/15/49		86,019
225	Air Lease Corp.	4.625	10/01/28		229,551
150	Alexandria Real Estate Equities, Inc.	2.95	03/15/34		141,345
125	American International Group, Inc.	3.875	01/15/35		127,642
225	AON Corp./AON Global Holdings PLC	2.60	12/02/31		207,482
350	Athene Global Funding	3.205	03/08/27		337,343
200	Australia & New Zealand Banking Group Ltd. (Australia) (a)	2.57	11/25/35		174,789
325	Avolon Holdings Funding Ltd. (Ireland) (a)	2.875	02/15/25		312,362
175	Banco de Credito del Peru SA (Peru) (a)	2.70	01/11/25		170,620
200	Banco de Credito e Inversiones SA (Chile) (a)	2.875	10/14/31		185,006
250	Banco Santander Chile (Chile) (a)	2.70	01/10/25		244,938
400	Banco Santander SA (Spain)	1.722	09/14/27		361,872
200	Banco Santander SA (Spain)	4.175	03/24/28		201,149
300	Bank Hapoalim BM (Israel) (a)	3.255	01/21/32		277,500
250	Bank of America Corp.	2.551	02/04/28		239,117
875	Bank of America Corp.	2.687	04/22/32		805,995
350	Bank of America Corp.	3.846	03/08/37		335,655
600	Bank of America Corp., MTN	2.676	06/19/41		508,491
550	Bank of Ireland Group PLC (Ireland) (a)	2.029	09/30/27		499,393
375	Barclays PLC (United Kingdom)	3.932	05/07/25		378,243
175	Belrose Funding Trust (a)	2.33	08/15/30		153,516
325	Blackstone Private Credit	4.70	03/24/25		329,880
250	BPCE SA (France) (a)	3.116	10/19/32		226,698
250	BPCE SA (France) (a)	3.648	01/14/37		234,077
250	BPCE SA (France) (a)	4.00	09/12/23		253,621
400	BPCE SA (France) (a)	5.15	07/21/24		412,534
275	Brown & Brown, Inc.	2.375	03/15/31		241,998
75	Brown & Brown, Inc.	4.20	03/17/32		76,318
300	CIT Bank NA	2.969	09/27/25		297,409
900	Citigroup, Inc.	2.52	11/03/32		809,186

Morgan Stanley Variable Investment Series - Income Plus Portfolio

Portfolio of Investments ▪ March 31, 2022 (unaudited)

150	CNO Global Funding (a)	1.75	10/07/26		138,518
70	Coinbase Global, Inc. (a)	3.375	10/01/28		61,929
200	Commerzbank AG (Germany) (a)	8.125	09/19/23		211,329
200	Commonwealth Bank of Australia (Australia) (a)	3.305	03/11/41		174,814
250	Credit Agricole SA (France) (a)	4.125	01/10/27		252,719
350	CubeSmart LP	2.25	12/15/28		318,345
175	Equinix, Inc.	2.95	09/15/51		139,936
350	Equitable Financial Life Global Funding (a)	1.75	11/15/30		304,399
200	Extra Space Storage LP Co.	3.90	04/01/29		200,608
675	Global Atlantic Fin Co. (a)	4.40	10/15/29		675,156
160	Global Atlantic Fin Co. (a)	4.70	10/15/51		151,600
50	GLP Capital LP/GLP Financing II, Inc.	3.25	01/15/32		45,448
200	GLP Capital LP/GLP Financing II, Inc.	4.00	01/15/30		194,484
175	Goldman Sachs Group, Inc. (The)	1.542	09/10/27		160,182
175	Goldman Sachs Group, Inc. (The)	1.948	10/21/27		162,881
1,025	Goldman Sachs Group, Inc. (The)	2.615	04/22/32		933,704
200	Grupo Aval Ltd. (Colombia) (a)	4.375	02/04/30		173,527
375	High Street Funding Trust I (a)	4.111	02/15/28		384,949
350	HSBC Holdings PLC (United Kingdom)	1.589	05/24/27		319,903
250	HSBC Holdings PLC (United Kingdom)	4.375	11/23/26		254,836
250	ING Groep N.V. (Netherlands) (a)	4.625	01/06/26		258,635
375	Intercontinental Exchange, Inc.	1.85	09/15/32		325,159
325	Itau Unibanco Holding SA (Brazil) (a)	2.90	01/24/23		326,342
425	JPMorgan Chase & Co.	1.953	02/04/32		372,757
550	JPMorgan Chase & Co.	2.545	11/08/32		503,315
200	JPMorgan Chase & Co.	3.109	04/22/41		181,369
50	JPMorgan Chase & Co.	3.964	11/15/48		51,296
200	KKR Group Finance Co. X LLC (a)	3.25	12/15/51		167,111
400	LeasePlan Corp. N.V. (Netherlands) (a)	2.875	10/24/24		391,089
275	Life Storage LP	2.40	10/15/31		242,818
275	Lloyds Banking Group PLC (United Kingdom)	3.574	11/07/28		268,951
225	Macquarie Group Ltd. (Australia) (a)	2.871	01/14/33		200,159
300	Marsh & McLennan Cos., Inc.	5.875	08/01/33		356,630
200	MDGH GMTN (RSC) Ltd. (United Arab Emirates) (a)	4.50	11/07/28		216,365
150	Metropolitan Life Global Funding I (a)	2.95	04/09/30		145,588
325	National Australia Bank Ltd. (Australia) (a)	2.332	08/21/30		283,170
200	Oversea-Chinese Banking Corp. Ltd. (Singapore) (a)	1.832	09/10/30		188,652
375	Rexford Industrial Realty LP	2.125	12/01/30		328,377
200	Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc. (a)	3.875	03/01/31		181,305
350	Sabra Health Care LP	3.20	12/01/31		312,930
110	SBA Communications Corp.	3.125	02/01/29		100,205
225	Shinhan Bank Co., Ltd. (Korea, Republic of) (a)	4.00	04/23/29		227,968
350	Societe Generale SA (France) (a)	2.625	01/22/25		338,904
200	Societe Generale SA (France) (a)	2.889	06/09/32		179,529
475	Standard Chartered PLC (United Kingdom) (a)	0.991	01/12/25		454,089
125	Stewart Information Services Corp.	3.60	11/15/31		113,914
250	SVB Financial Group	1.80	02/02/31		215,783
70	SVB Financial Group	4.10	02/15/31	(c)	59,850
300	United Overseas Bank Ltd. (Singapore)	3.863	10/07/32		300,000
125	Visa, Inc.	2.70	04/15/40		113,926
400	Wells Fargo & Co.	3.068	04/30/41		360,870
75	Wells Fargo & Co.	3.526	03/24/28		74,909
400	Wells Fargo & Co., MTN	2.879	10/30/30		380,613
100	Westpac Banking Corp. (Australia)	2.668	11/15/35		87,471
					22,660,097
	Industrials (4.6%)
225	Agilent Technologies, Inc.	2.30	03/12/31		203,553
125	Boeing Co. (The)	2.95	02/01/30		115,984
50	Boeing Co. (The)	3.25	02/01/35		44,739
50	Boeing Co. (The)	3.95	08/01/59		43,486
250	Boeing Co. (The)	5.15	05/01/30		266,999
75	Burlington Northern Santa Fe LLC	3.05	02/15/51		69,190
200	Burlington Northern Santa Fe LLC	3.30	09/15/51		190,077
50	Burlington Northern Santa Fe LLC	4.55	09/01/44		55,635

Morgan Stanley Variable Investment Series - Income Plus Portfolio

Portfolio of Investments ▪ March 31, 2022 (unaudited)

	165	Embraer Netherlands Finance BV (Brazil)	5.40	02/01/27	167,988
	300	GE Capital International Funding Co., Unlimited Co.	4.418	11/15/35	322,782
	200	Indian Railway Finance Corp. Ltd. (India) (a)	3.57	01/21/32	189,346
	200	Sealed Air Corp. (a)	1.573	10/15/26	182,502
	300	Silgan Holdings, Inc. (a)	1.40	04/01/26	273,989
EUR	100	Standard Industries, Inc. (a)	2.25	11/21/26	103,911
$	325	SYNNEX Corp. (a)	1.25	08/09/24	309,043
	275	Vontier Corp.	2.95	04/01/31	244,828
					2,784,052
		Technology (5.6%)
	225	Apple, Inc.	2.375	02/08/41	196,490
	275	Apple, Inc.	2.65	05/11/50	240,272
	125	Apple, Inc.	2.70	08/05/51	109,030
	125	Broadcom, Inc. (a)	3.187	11/15/36	108,773
	75	Broadcom, Inc.	4.30	11/15/32	76,258
	150	Dell International LLC/EMC Corp. (a)	3.45	12/15/51	122,214
	100	Dell International LLC/EMC Corp.	6.02	06/15/26	108,416
	350	DXC Technology Co.	1.80	09/15/26	321,359
	200	HP, Inc.	4.00	04/15/29	199,435
	225	Intel Corp.	2.80	08/12/41	199,435
	75	Intel Corp.	3.05	08/12/51	67,020
	150	International Business Machines Corp.	2.85	05/15/40	133,363
	175	Kyndryl Holdings, Inc. (a)	2.05	10/15/26	156,494
	350	Micron Technology, Inc.	2.703	04/15/32	317,403
	150	Microsoft Corp.	2.525	06/01/50	129,955
	200	Oracle Corp.	3.60	04/01/50	166,368
	200	Oracle Corp.	3.65	03/25/41	175,223
	144	Pure Storage, Inc.	0.125	04/15/23	201,312
	75	RingCentral, Inc. (b)	0.00	03/15/26	61,725
	25	S&P Global, Inc.	3.70	03/01/52	25,425
	25	S&P Global, Inc.	3.90	03/01/62	25,789
	125	Western Digital Corp.	1.50	02/01/24	121,250
	125	Ziff Davis, Inc. (a)	1.75	11/01/26	141,562
					3,404,571
		Utilities (9.3%)
	225	Alliant Energy Finance Co. (a)	3.60	03/01/32	219,082
	250	Ameren Illinois Co.	1.55	11/15/30	218,422
	300	American Transmission Systems, Inc. (a)	2.65	01/15/32	277,514
	200	APT Pipelines Ltd. (Australia) (a)	4.20	03/23/25	202,966
	350	Berkshire Hathaway Energy Co.	2.85	05/15/51	297,942
	175	Cleveland Electric Illuminating Co. (The) (a)	4.55	11/15/30	184,166
	200	Consorcio Transmantaro SA (Peru) (a)	4.70	04/16/34	202,206
	100	Consumers Energy Co.	2.50	05/01/60	76,493
	150	Consumers Energy Co.	3.50	08/01/51	147,209
	198	Dominion Energy, Inc., Series C	2.25	08/15/31	178,631
	175	DTE Electric Co.	2.95	03/01/50	155,052
	50	Duke Energy Corp.	4.20	06/15/49	50,648
	247	Duke Energy Indiana LLC	2.75	04/01/50	209,016
	100	Entergy Texas, Inc.	3.55	09/30/49	94,528
	100	Exelon Corp.	4.10	03/15/52	101,868
	275	Fells Point Funding Trust (a)	3.046	01/31/27	264,071
	125	Georgia Power Co., Series A	3.25	03/15/51	108,806
	50	Indiana Michigan Power Co.	4.25	08/15/48	51,688
	150	Interstate Power and Light Co.	2.30	06/01/30	137,001
	100	Interstate Power and Light Co.	3.50	09/30/49	91,326
	125	Jersey Central Power & Light Co. (a)	2.75	03/01/32	116,583
	125	NextEra Energy Capital Holdings, Inc.	1.90	06/15/28	115,424
	350	NextEra Energy Capital Holdings, Inc.	2.75	11/01/29	334,835
	75	NextEra Energy Capital Holdings, Inc.	3.00	01/15/52	64,216
	275	Niagara Mohawk Power Corp. (a)	2.759	01/10/32	252,855
	150	Northern States Power Co.	2.90	03/01/50	132,741
	105	NRG Energy, Inc. (a)	3.625	02/15/31	92,510
	150	Pacific Gas and Electric Co.	3.30	08/01/40	123,090
	125	PECO Energy Co.	3.05	03/15/51	113,305
	175	Public Service Co. of Colorado, Series 34	3.20	03/01/50	164,053
	300	Public Service Enterprise Group, Inc.	2.45	11/15/31	272,872

Morgan Stanley Variable Investment Series - Income Plus Portfolio

Portfolio of Investments ▪ March 31, 2022 (unaudited)

150	Southern California Edison Co.	4.00	04/01/47	144,708
150	Southern Co. (The)	4.40	07/01/46	153,756
100	Union Electric Co. (d)	3.90	04/01/52	103,586
100	Virginia Electric and Power Co.	2.45	12/15/50	80,276
175	Virginia Electric and Power Co.	2.95	11/15/51	154,137
				5,687,582
	Total Corporate Bonds (Cost $62,133,108)			58,342,598

	Short-Term Investments (3.3%)
	U.S. Treasury Security (1.5%)
889	U.S. Treasury Bill (e)(f) (Cost $888,846)	0.061	07/14/22	887,453

NUMBER OF SHARES (000)
		Investment Company (1.8%)
	1,077	Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class (g) (Cost $1,076,528)				1,076,528

		Total Short-Term Investments (Cost $1,965,374)				1,963,981

		Total Investments (Cost $64,098,482) (h)(i)(j)	99.1	%		60,306,579
		Other Assets in Excess of Liabilities	0.9			569,109
		Net Assets	100.0	%	$	60,875,688

(a)		144A security — Certain conditions for public sale may exist. Unless otherwise noted, these securities are deemed to be liquid.
(b)		Capital appreciation bond.
(c)		Perpetual — One or more securities do not have a predetermined maturity date. Rates for these securities are fixed for a period of time, after which they revert to a floating rate. Interest rates in effect are as of March 31, 2022.
(d)		When-issued security.
(e)		All or a portion of the security was pledged to cover margin requirements for futures contracts.
(f)		Rate shown is the yield to maturity at March 31, 2022.
(g)		The Fund invests in the Institutional Class of the Morgan Stanley Institutional Liquidity Funds - Government Portfolio - (the "Liquidity Funds"), an open-end management investment company managed by the Adviser. Advisory fees paid by the Fund are reduced by an amount equal to its pro-rata share of the advisory and administration fees paid by the Fund due to its investment in the Liquidity Funds. For the three months ended March 31, 2022, advisory fees paid were reduced by $29, relating to the Fund's investment in the Liquidity Funds.
(h)		Securities are available for collateral in connection with purchase of when-issued securities, open foreign currency forward exchange contracts and futures contracts.
(i)		The Fund is permitted to purchase and sell securities ("cross-trade") from and to other Morgan Stanley Funds as well as other funds and client accounts for which the Adviser or an affiliate of the Adviser serves as investment adviser, pursuant to procedures approved by the Trustees in compliance with Rule 17a-7 under the Act (the "Rule"). Each cross-trade is executed at the current market price in compliance with provisions of the Rule. For the three months ended March 31, 2022, the Fund did not engage in any cross-trade transactions.
(j)		At March 31, 2022, the aggregate cost for federal income tax purposes approximates the aggregate cost for book purposes. The aggregate gross unrealized appreciation is $713,988 and the aggregate gross unrealized depreciation is $4,397,519, resulting in net unrealized depreciation of $3,683,531.

FOREIGN CURRENCY FORWARD EXCHANGE CONTRACT:
The Fund had the following foreign currency forward exchange contract open at March 31, 2022:

COUNTERPARTY

CONTRACTS
TO DELIVER

IN EXCHANGE
FOR

DELIVERY
DATE

UNREALIZED
APPRECIATION

Bank of America NA

EUR

251,313

286,386

05/20/22

7,942

FUTURES CONTRACTS: The Fund had the following futures contracts open at March 31, 2022:
	NUMBER OF CONTRACTS		EXPIRATION DATE	NOTIONAL AMOUNT (000)			VALUE			UNREALIZED APPRECIATION (DEPRECIATION)
Long:
U.S. Treasury 2 yr. Note		33	Jun-22	$	6,600		$	6,993,422		$	(90,328	)
U.S. Treasury Long Bond		27	Jun-22		2,700			4,051,688			(98,794	)
U.S. Treasury Ultra Bond		6	Jun-22		600			1,062,750			(1,037	)

Short:
German Euro-Bund Index		1	Jun-22	EUR	(100	)		(175,518	)		7,810
U.S. Treasury 5 yr. Note		4	Jun-22	$	(400	)		(458,750	)		7,555
U.S. Treasury 10 yr. Note		6	Jun-22		(600	)		(737,250	)		7,297
U.S. Treasury Ultra 10 yr. Note		63	Jun-22		(6,300	)		(8,534,531	)		267,927
										$	100,430

EUR — Euro

USD — United States Dollar

Morgan Stanley Variable Investment Series

Notes to Portfolio of Investments ▪ March 31, 2022 (unaudited)

Valuation of Investments - (1) An equity portfolio security listed or traded on an exchange is valued at its latest reported sales price (or at the exchange official closing price if such exchange reports an official closing price), and if there were no sales on a given day and if there is no official exchange closing price for that day, the security is valued at the mean between the last reported bid and asked prices if such bid and asked prices are available on the relevant exchanges. If only bid prices are available then the latest bid price may be used. Listed equity securities not traded on the valuation date with no reported bid and asked prices available on the exchange are valued at the mean between the current bid and asked prices obtained from one or more reputable brokers or dealers. In cases where a security is traded on more than one exchange, the security is valued on the exchange designated as the primary market; (2) all other equity portfolio securities for which over-the-counter (“OTC”) market quotations are readily available are valued at the latest reported sales price (or at the market official closing price if such market reports an official closing price), and if there was no trading in the security on a given day and if there is no official closing price from relevant markets for that day, the security is valued at the mean between the last reported bid and asked prices if such bid and asked prices are available on the relevant markets. An unlisted equity security that does not trade on the valuation date and for which bid and asked prices from the relevant markets are unavailable is valued at the mean between the current bid and asked prices obtained from one or more reputable brokers or dealers; (3) futures are valued at the settlement price on the exchange on which they trade or, if a settlement price is unavailable, at the last sale price on the exchange; (4) quotations of foreign portfolio securities, other assets and liabilities and forward contracts stated in foreign currency are translated into U.S. dollar equivalents at the prevailing market rates prior to the close of the New York Stock Exchange ("NYSE"); (5) certain portfolio securities may be valued by an outside pricing service/vendor approved by the Trustees. The pricing service/vendor may employ a pricing model that takes into account, among other things, bids, yield spreads and/or other market data and specific security characteristics. Alternatively, if a valuation is not available from an outside pricing service/vendor and the security trades on an exchange, the security may be valued at its latest reported sale price (or at the exchange official closing price if such exchange reports an official closing price) prior to the time when assets are valued. If there are no sales on a given day and if there is no official exchange closing price for that day, the security is valued at the mean between the last reported bid and asked prices if such bid and asked prices are available in the relevant exchanges. If only bid prices are available then the latest bid price may be used. If Morgan Stanley Investment Management Inc. (the "Adviser"), a wholly-owned subsidiary of Morgan Stanley, determines that the price provided by the outside pricing service/vendor or exchange does not reflect the security's fair value or is unable to provide a price, prices from brokers or dealers may also be utilized. In these circumstances, the value of the security will be the mean of bid and asked prices obtained from brokers or dealers; (6) when market quotations are not readily available, including circumstances under which the Adviser determines that the closing price, last sale price or the mean between the last reported bid and asked prices are not reflective of a security’s market value, portfolio securities are valued at their fair value as determined in good faith under procedures established by and under the general supervision of the Trustees. Occasionally, developments affecting the closing prices of securities and other assets may occur between the times at which valuations of such securities are determined (that is, close of the foreign market on which the securities trade) and the close of business on the NYSE. If developments occur during such periods that are expected to materially affect the value of such securities, such valuations may be adjusted to reflect the estimated fair value of such securities as of the close of the NYSE, as determined in good faith by the Trustees or by the Adviser using a pricing service and/or procedures approved by the Trustees; and (7) investments in mutual funds, including the Morgan Stanley Institutional Liquidity Funds, are valued at the net asset value (“NAV”) as of the close of each business day.

The Trustees have responsibility for determining in good faith the fair value of the investments, and the Trustees may appoint others, such as the Trust’s Adviser or a valuation committee, to assist the Trustees in determining fair value and to make the actual calculations pursuant to the fair valuation methodologies previously approved by the Trustees. Under procedures approved by the Trustees, the Trust's Adviser has formed a Valuation Committee whose members are approved by the Trustees. The Valuation Committee provides administration and oversight of the Trust’s valuation policies and procedures, which are reviewed at least annually by the Trustees. These procedures allow the Trust to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

Fair Valuation Measurements

Financial Accounting Standards Board (“FASB”) Accounting Standards Codification^TM ("ASC") 820, "Fair Value Measurement" ("ASC 820"), defines fair value as the value that the Trust would receive to sell an investment or pay to transfer a liability in a timely transaction with an independent buyer in the principal market, or in the absence of a principal market, the most advantageous market for the investment or liability. ASC 820 establishes a three-tier hierarchy to distinguish between (1) inputs that reflect the assumptions market participants would use in valuing an asset or liability developed based on market data obtained from sources independent of the reporting entity (observable inputs); and (2) inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in valuing an asset or liability developed based on the best information available in the circumstances (unobservable inputs) and to establish classification of fair value measurements for disclosure purposes. Various inputs are used in determining the value of the Fund's investments. The inputs are summarized in the three broad levels listed below:

• Level 1 – unadjusted quoted prices in active markets for identical investments

• Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 – significant unobservable inputs including the Fund’s own assumptions in determining the fair value of investments. Factors considered in making this determination may include, but are not limited to, information obtained by contacting the issuer, analysts, or the appropriate stock exchange (for exchange-traded securities), analysis of the issuer's financial statements or other available documents and, if necessary, available information concerning other securities in similar circumstances.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities and the determination of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to each security.

The following is a summary of the inputs used to value the Fund's investments as of March 31, 2022.

Investment Type	Level 1 Unadjusted quoted prices			Level 2 Other significant observable inputs			Level 3 Significant unobservable inputs		Total

Assets:
Fixed Income Securities
Corporate Bonds	$	—		$	58,342,598		$	—	$	58,342,598
Total Fixed Income Securities		—			58,342,598			—		58,342,598
Short-Term Investments
U.S. Treasury Security		—			887,453			—		887,453
Investment Company		1,076,528			—			—		1,076,528
Total Short-Term Investments		1,076,528			887,453			—		1,963,981
Foreign Currency Forward Exchange Contract:		—			7,942			—		7,942
Futures Contracts		290,589			—			—		290,589
Total Assets		1,367,117			59,237,993			—		60,605,110
Liabilities:
Futures Contracts		(190,159	)		—			—		(190,159	)
Total Liabilities		(190,159	)		(278,444	)		—		(468,603	)
Total	$	1,176,958		$	58,959,549		$	—	$	60,136,507

Transfers between investment levels may occur as the markets fluctuate and/or the availability of data used in an investment's valuation changes.

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