NPORT-P false 0000719423 XXXXXXXX S000008017 C000021786 VALIC Co I 811-03738 0000719423 549300N3XZ1M1QABFI47 2919 ALLEN PARKWAY C/O VARIABLE ANNUITY LIFE INSURANCE CO HOUSTON 77019 800-448-2542 Inflation Protected Fund S000008017 549300CUFR3ZO1RZIT41 2025-05-31 2025-05-31 N 408523955.09 41697025.56 366826929.53 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 273240.46000000 AUD BRL CAD EUR MXN NZD USD N Bloomberg US TIPS Index LBUTTRUU Barclays Bank PLC G5GSEF7VJP5I7OUK5573 000000000 1.00000000 NC 33457.88000000 0.009120889800 N/A DFE AU N 2 Barclays Bank PLC G5GSEF7VJP5I7OUK5573 1903332.00000000 USD 3004000.00000000 AUD 2025-06-18 33457.88000000 N N N FRANCE (GOVT OF) 969500KCGF3SUYJHPV70 000000000 16555686.40000000 PA 17988876.61000000 4.903913851976 Long DBT NUSS FR N 2 2031-07-25 Fixed 0.10000000 N N N N N N QUEENSLAND TREASURY CORP 98INKCEEHOU5YJS0HQ88 000000000 2000000.00000000 PA 1300892.77000000 0.354633933682 Long DBT NUSS AU N 2 2036-07-21 Fixed 5.25000000 N N N N N N Eurex Deutschland 529900LN3S50JPU47S06 000000000 -66.00000000 NC -126502.31000000 -0.03448555703 N/A DIR DE N 1 Eurex Deutschland 529900LN3S50JPU47S06 Short Eurex 10 Year Euro BUND Futures RXM5 Comdty 2025-06-06 -8548448.40000000 EUR -126502.31000000 N N N BRAVO Residential Funding Trust N/A 10569TAA6 166533.98000000 PA USD 154932.47000000 0.042235849532 Long ABS-MBS CORP US N 2 2049-02-25 Variable 0.94000000 N N N N N N ONTARIO (PROVINCE OF) C7PVKCRGLG18EBQGZV36 683234XU7 7626350.00000000 PA 5403546.97000000 1.473050786354 Long DBT NUSS CA N 2 2036-12-01 Fixed 2.00000000 N N N N N N Petroleos Mexicanos 549300CAZKPF4HKMPX17 71654QDC3 1500000.00000000 PA USD 1401704.55000000 0.382116043605 Long DBT CORP MX N 2 2030-01-23 Fixed 6.84000000 N N N N N N ESC LEHMAN BRTH HLDH PROD N/A 525ESC5W5 1000000.00000000 PA USD 971.00000000 0.000264702485 Long DBT CORP US N 3 2049-12-31 None 0.00000000 N N N N N N United States Treasury 254900HROIFWPRGM1V77 912810SM1 9235215.00000000 PA USD 5261287.21000000 1.434269620483 Long DBT UST US N 2 2050-02-15 Fixed 0.25000000 N N N N N N United States Treasury 254900HROIFWPRGM1V77 91282CCM1 25949925.00000000 PA USD 23695813.57000000 6.459671213441 Long DBT UST US N 2 2031-07-15 Fixed 0.13000000 N N N N N N Credit Agricole CIB 1VUV7VQFKUOQSJ21A208 000000000 1.00000000 NC 2376.69000000 0.000647904995 N/A DFE NZ N 2 Credit Agricole CIB 1VUV7VQFKUOQSJ21A208 434036.90000000 USD 730000.00000000 NZD 2025-06-18 2376.69000000 N N N MEXICAN UDIBONOS 254900EGTWEU67VP6075 000000000 275693980.52000000 PA 12444180.40000000 3.392384636521 Long DBT NUSS MX N 2 2031-11-27 Fixed 2.75000000 N N N N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 1.00000000 NC 61647.55000000 0.016805622771 N/A DFE AU N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 1292300.10000000 USD 2100000.00000000 AUD 2025-06-18 61647.55000000 N N N United States Treasury 254900HROIFWPRGM1V77 91282CJY8 30012366.50000000 PA USD 29492248.29000000 8.039826391095 Long DBT UST US N 2 2034-01-15 Fixed 1.75000000 N N N N N N MEXICAN UDIBONOS 254900EGTWEU67VP6075 000000000 68699489.80000000 PA 3012172.98000000 0.821142816275 Long DBT NUSS MX N 2 2054-10-29 Fixed 4.00000000 N N N N N N Starwood Mortgage Residential Trust N/A 85573HAA8 126148.37000000 PA USD 117670.43000000 0.032077914822 Long ABS-MBS CORP US N 2 2065-05-25 Variable 0.94000000 N N N N N N Credit Suisse Mortgage Trust N/A 12659PAA1 765851.56000000 PA USD 660153.02000000 0.179963074370 Long ABS-MBS CORP US N 2 2066-05-25 Variable 1.10000000 N N N N N N Australia & New Zealand Banking Group Ltd. JHE42UYNWWTJB8YTTU19 000000000 1.00000000 NC -4246.15000000 -0.00115753497 N/A DFE US N 2 Australia & New Zealand Banking Group Ltd. JHE42UYNWWTJB8YTTU19 830000.00000000 NZD 491950.13000000 USD 2025-06-18 -4246.15000000 N N N NMLT Trust N/A 62923JAA0 922643.69000000 PA USD 797316.66000000 0.217354996543 Long ABS-MBS CORP US N 2 2056-05-25 Variable 1.19000000 N N N N N N Deutsche Bank AG 7LTWFZYICNSX8D621K86 000000000 1.00000000 NC -1857237.91000000 -0.50629813693 N/A DFE US N 2 Deutsche Bank AG 7LTWFZYICNSX8D621K86 44929000.00000000 EUR 49205387.15000000 USD 2025-06-18 -1857237.91000000 N N N BANCA TRANSILVANIA 549300RG3H390KEL8896 000000000 400000.00000000 PA 472101.99000000 0.128698836425 Long DBT CORP RO N 2 2027-04-27 Fixed 8.88000000 N N N N N N Drive Auto Receivables Trust N/A 262104AF9 646296.38000000 PA USD 640794.52000000 0.174685790059 Long ABS-O CORP US N 2 2029-03-15 Fixed 1.39000000 N N N N N N BUONI POLIENNALI DEL TES 815600DE60799F5A9309 000000000 15202152.00000000 PA 17163190.22000000 4.678825036643 Long DBT NUSS IT N 2 2026-05-21 Fixed 0.55000000 N N N N N N Australia & New Zealand Banking Group Ltd. JHE42UYNWWTJB8YTTU19 000000000 1.00000000 NC -766651.72000000 -0.20899548486 N/A DFE US N 2 Australia & New Zealand Banking Group Ltd. JHE42UYNWWTJB8YTTU19 49567000.00000000 AUD 31191026.09000000 USD 2025-06-18 -766651.72000000 N N N Freddie Mac S6XOOCT0IEG5ABCC6L87 31397KC90 139745.30000000 PA USD 139226.86000000 0.037954372700 Long ABS-MBS USGSE US N 2 2037-08-15 Floating 5.15000000 N N N N N N SG Capital Partners N/A 784212AA0 877527.96000000 PA USD 719897.88000000 0.196250008395 Long ABS-MBS CORP US N 2 2061-07-25 Variable 1.16000000 N N N N N N Wingstop Funding LLC N/A 974153AB4 310275.00000000 PA USD 292802.08000000 0.079820224860 Long ABS-O CORP US N 2 2050-12-05 Fixed 2.84000000 N N N N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 1.00000000 NC -4413.76000000 -0.00120322682 N/A DFE US N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 1130000.00000000 AUD 724139.03000000 USD 2025-06-18 -4413.76000000 N N N Mexico Government International Bonds 254900EGTWEU67VP6075 91087BAZ3 500000.00000000 PA USD 478425.00000000 0.130422540300 Long DBT NUSS MX N 2 2036-05-07 Fixed 6.00000000 N N N N N N Freddie Mac S6XOOCT0IEG5ABCC6L87 3137AFGG1 62553.16000000 PA USD 62434.43000000 0.017020132649 Long ABS-MBS USGSE US N 2 2041-01-15 Floating 4.90000000 N N N N N N Bank of America NA B4TYDEB6GKMZO031MB27 000000000 1.00000000 NC 39665.12000000 0.010813033833 N/A DFE NZ N 2 Bank of America NA B4TYDEB6GKMZO031MB27 785335.92000000 USD 1380000.00000000 NZD 2025-06-18 39665.12000000 N N N NOTA DO TESOURO NACIONAL 254900ZFY40OYEADAP90 000000000 11416000.00000000 PA 8673802.71000000 2.364549058901 Long DBT NUSS BR N 2 2027-05-15 Fixed 6.00000000 N N N N N N The Montreal Exchange / Bourse De Montreal N/A 000000000 -36.00000000 NC -28119.01000000 -0.00766547048 N/A DIR CA N 1 The Montreal Exchange / Bourse De Montreal N/A Short Montreal Exchange 10 Year Canadian Bond Futures CNU5 Comdty 2025-09-18 -4364570.88000000 CAD -28119.01000000 N N N NEW ZEALAND GVT ILB 549300237GPHG2AI7C34 000000000 17195000.00000000 PA 13124173.71000000 3.577756335069 Long DBT NUSS NZ N 2 2035-09-20 Fixed 2.50000000 N N N N N N Barclays Bank PLC G5GSEF7VJP5I7OUK5573 000000000 1.00000000 NC 63890.75000000 0.017417137308 N/A DFE MX N 2 Barclays Bank PLC G5GSEF7VJP5I7OUK5573 1796082.48000000 USD 36146000.00000000 MXN 2025-06-18 63890.75000000 N N N NBM US Holdings Inc 5493008K1QMSP0J8UC24 000000000 483000.00000000 PA USD 483508.12000000 0.131808240092 Long DBT CORP US N 2 2026-05-14 Fixed 7.00000000 N N N N N N United States Treasury 254900HROIFWPRGM1V77 912810TP3 1000466.10000000 PA USD 779340.35000000 0.212454508451 Long DBT UST US N 2 2053-02-15 Fixed 1.50000000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 3136A8GP9 173945.46000000 PA USD 170303.37000000 0.046426081699 Long ABS-MBS USGSE US N 2 2042-09-25 Floating 4.84000000 N N N N N N United States Treasury 254900HROIFWPRGM1V77 912810RL4 34680109.45000000 PA USD 25046270.87000000 6.827816840516 Long DBT UST US N 2 2045-02-15 Fixed 0.75000000 N N N N N N WENDYS FUNDING LLC 5493009DRVSTWJOXUL48 95058XAK4 1668988.17000000 PA USD 1521210.12000000 0.414694232495 Long ABS-O CORP US N 2 2051-06-15 Fixed 2.37000000 N N N N N N Morgan Stanley & Co. International PLC 4PQUHN3JPFGFNF3BB653 000000000 1.00000000 NC -27065.17000000 -0.00737818513 N/A DFE US N 2 Morgan Stanley & Co. International PLC 4PQUHN3JPFGFNF3BB653 1130000.00000000 AUD 701487.62000000 USD 2025-06-18 -27065.17000000 N N N UMBS, TBA N/A 01F060667 26800000.00000000 PA USD 27061607.13000000 7.377213871585 Long ABS-MBS USGSE US N 2 2054-06-01 Fixed 6.00000000 N N N N N N Government National Mortgage Association 549300M8ZYFG0OCMTT87 38376WKC8 83689.86000000 PA USD 83426.57000000 0.022742760491 Long ABS-MBS USGA US N 2 2040-02-16 Floating 4.99000000 N N N N N N BNP Paribas SA R0MUWSFPU8MPRO8K5P83 000000000 1.00000000 NC 2422.96000000 0.000660518572 N/A DFE US N 2 BNP Paribas SA R0MUWSFPU8MPRO8K5P83 500000.00000000 EUR 570682.05000000 USD 2025-06-18 2422.96000000 N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 1.00000000 NC 1669.50000000 0.000455119258 N/A DFE US N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 1900000.00000000 BRL 332685.47000000 USD 2025-06-18 1669.50000000 N N N Australia & New Zealand Banking Group Ltd. JHE42UYNWWTJB8YTTU19 000000000 1.00000000 NC 18326.83000000 0.004996042690 N/A DFE NZ N 2 Australia & New Zealand Banking Group Ltd. JHE42UYNWWTJB8YTTU19 1932979.97000000 USD 3264000.00000000 NZD 2025-06-18 18326.83000000 N N N Ajax Mortgage Loan Trust N/A 009733AA4 209027.64000000 PA USD 208939.22000000 0.056958528172 Long ABS-MBS CORP US N 2 2061-01-25 Variable 5.12000000 N N N N N N NatWest Markets PLC RR3QWICWWIPCS8A4S074 000000000 1.00000000 NC -1080528.27000000 -0.29456078139 N/A DFE US N 2 NatWest Markets PLC RR3QWICWWIPCS8A4S074 40418000.00000000 NZD 23082436.87000000 USD 2025-06-18 -1080528.27000000 N N N Wells Fargo Bank NA KB1H1DSPRFMYMCUFXT09 000000000 1.00000000 NC -914548.75000000 -0.24931341632 N/A DFE US N 2 Wells Fargo Bank NA KB1H1DSPRFMYMCUFXT09 329391000.00000000 MXN 16035001.46000000 USD 2025-06-18 -914548.75000000 N N N Credit Suisse Mortgage Trust N/A 12656TAF5 376575.00000000 PA USD 245612.65000000 0.066956003016 Long ABS-MBS CORP US N 2 2060-01-25 Variable 3.60000000 N N N N N N NEW ZEALAND GVT ILB 549300237GPHG2AI7C34 000000000 12205000.00000000 PA 8668167.42000000 2.363012833083 Long DBT NUSS NZ N 2 2040-09-20 Fixed 2.50000000 N N N N N N Eurex Deutschland 529900LN3S50JPU47S06 000000000 -7.00000000 NC -28165.92000000 -0.00767825852 N/A DIR DE N 1 Eurex Deutschland 529900LN3S50JPU47S06 Short Eurex 30 Year Euro BUXL Futures UBM5 Comdty 2025-06-06 -826254.05000000 EUR -28165.92000000 N N N OTP BANK NYRT 529900W3MOO00A18X956 000000000 660000.00000000 PA USD 675437.40000000 0.184129720483 Long DBT CORP HU N 2 2027-05-25 Fixed 7.50000000 N N N N N N United States Treasury 254900HROIFWPRGM1V77 912810RA8 9562231.25000000 PA USD 7010354.77000000 1.911079641557 Long DBT UST US N 2 2043-02-15 Fixed 0.63000000 N N N N N N United States Treasury 254900HROIFWPRGM1V77 912810RR1 12024217.97000000 PA USD 9008778.09000000 2.455866067832 Long DBT UST US N 2 2046-02-15 Fixed 1.00000000 N N N N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 1.00000000 NC -11207.75000000 -0.00305532366 N/A DFE US N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 1800000.00000000 BRL 302386.33000000 USD 2025-06-18 -11207.75000000 N N N Wells Fargo Bank NA KB1H1DSPRFMYMCUFXT09 000000000 1.00000000 NC -16406.60000000 -0.00447257239 N/A DFE US N 2 Wells Fargo Bank NA KB1H1DSPRFMYMCUFXT09 7500000.00000000 MXN 369522.67000000 USD 2025-06-18 -16406.60000000 N N N United States Treasury 254900HROIFWPRGM1V77 912828Z37 14809034.35000000 PA USD 13898368.78000000 3.788808198407 Long DBT UST US N 2 2030-01-15 Fixed 0.13000000 N N N N N N AUSTRALIAN GOVERNMENT 213800J6B7JSBDETCB42 000000000 16540000.00000000 PA 14327487.80000000 3.905789528145 Long DBT NUSS AU N 2 2035-08-21 Fixed 2.00000000 N N N N N N Legacy Mortgage Asset Trust N/A 52474XAA3 443738.48000000 PA USD 441954.30000000 0.120480331301 Long ABS-MBS CORP US N 2 2061-07-25 Variable 5.75000000 N N N N N N United States Treasury 254900HROIFWPRGM1V77 912810QV3 8866102.70000000 PA USD 6793653.77000000 1.852005189124 Long DBT UST US N 2 2042-02-15 Fixed 0.75000000 N N N N N N SWAP CCPC JP MORGAN COC N/A 000000000 550000.00000000 NS USD 550000.00000000 0.149934466562 Long STIV CORP US N N/A N N N Eurex Deutschland 529900LN3S50JPU47S06 000000000 -156.00000000 NC -204711.01000000 -0.05580588378 N/A DIR DE N 1 Eurex Deutschland 529900LN3S50JPU47S06 Short Euro-BTP Italian Bond Futures IKM5 Comdty 2025-06-06 -18719109.38000000 EUR -204711.01000000 N N N Standard Chartered Bank RILFO74KP1CM8P6PCT96 000000000 1.00000000 NC -5051.38000000 -0.00137704721 N/A DFE XX N 2 Standard Chartered Bank RILFO74KP1CM8P6PCT96 1818934.39000000 USD 1596000.00000000 EUR 2025-06-18 -5051.38000000 N N N GCAT N/A 36167HAA3 563829.00000000 PA USD 483846.98000000 0.131900616080 Long ABS-MBS CORP US N 2 2066-05-25 Variable 1.09000000 N N N N N N MFRA Trust N/A 55283FAA6 199190.97000000 PA USD 187939.19000000 0.051233749452 Long ABS-MBS CORP US N 2 2065-04-25 Variable 1.15000000 N N N N N N Towd Point Mortgage Trust N/A 89179TAA2 1620317.64000000 PA USD 1391470.46000000 0.379326147560 Long ABS-MBS CORP US N 2 2060-11-30 Variable 2.92000000 N N N N N N SHR Trust N/A 784234AC0 1255000.00000000 PA USD 1254215.00000000 0.341909194509 Long ABS-MBS CORP US N 2 2041-10-15 Floating 6.78000000 N N N N N N New Residential Mortgage Loan Trust N/A 64831EAA8 139648.29000000 PA USD 132639.73000000 0.036158667568 Long ABS-MBS CORP US N 2 2058-10-25 Variable 0.94000000 N N N N N N United States Treasury 254900HROIFWPRGM1V77 91282CLE9 4147737.00000000 PA USD 4114966.52000000 1.121773291091 Long DBT UST US N 2 2034-07-15 Fixed 1.88000000 N N N N N N AUSTRALIAN GOVERNMENT 213800J6B7JSBDETCB42 000000000 12470000.00000000 PA 10083630.97000000 2.748879691826 Long DBT NUSS AU N 2 2027-11-21 Fixed 0.75000000 N N N N N N SPAIN I/L BOND 9598007A56S18711AH60 000000000 9134679.40000000 PA 10002357.15000000 2.726723788467 Long DBT NUSS ES N 2 2033-11-30 Fixed 0.70000000 N N N N N N City of New York NY 549300ABYZD2SFD5JB29 64966HTX8 1580000.00000000 PA USD 1619918.86000000 0.441603036635 Long DBT MUN US N 2 2036-12-01 Fixed 5.99000000 N N N N N N Barclays Bank PLC G5GSEF7VJP5I7OUK5573 000000000 1.00000000 NC -398.18000000 -0.00010854710 N/A DFE US N 2 Barclays Bank PLC G5GSEF7VJP5I7OUK5573 1100000.00000000 AUD 708812.50000000 USD 2025-06-18 -398.18000000 N N N LCH Ltd. F226TOH6YD6XJB17KS62 000000000 13805000.00000000 OU Notional Amount USD 47285.44000000 0.012890394950 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y Inflation based on U.S. CPI Urban Consumers NSA 2028-03-21 8581.25000000 USD 0.00000000 USD 13805000.00000000 USD 38704.19000000 N N N State Street Bank & Trust Co. 571474TGEMMWANRLN572 000000000 1.00000000 NC 21318.03000000 0.005811468102 N/A DFE MX N 2 State Street Bank & Trust Co. 571474TGEMMWANRLN572 338882.62000000 USD 7000000.00000000 MXN 2025-06-18 21318.03000000 N N N NOTA DO TESOURO NACIONAL 254900ZFY40OYEADAP90 000000000 10467000.00000000 PA 7581333.09000000 2.066732968518 Long DBT NUSS BR N 2 2035-05-15 Fixed 6.00000000 N N N N N N Barclays Bank PLC G5GSEF7VJP5I7OUK5573 000000000 1.00000000 NC 3049.90000000 0.000831427508 N/A DFE AU N 2 Barclays Bank PLC G5GSEF7VJP5I7OUK5573 615897.60000000 USD 960000.00000000 AUD 2025-06-18 3049.90000000 N N N Eurex Deutschland 529900LN3S50JPU47S06 000000000 -152.00000000 NC -191025.37000000 -0.05207506718 N/A DIR DE N 1 Eurex Deutschland 529900LN3S50JPU47S06 Short French Government Bond Futures OATM5 Comdty 2025-06-06 -18945762.43000000 EUR -191025.37000000 N N N United States Treasury 254900HROIFWPRGM1V77 912810RW0 5596899.75000000 PA USD 4003571.36000000 1.091406065833 Long DBT UST US N 2 2047-02-15 Fixed 0.88000000 N N N N N N MBANK SA 259400DZXF7UJKK2AY35 000000000 400000.00000000 PA 440596.43000000 0.120110164911 Long DBT CORP PL N 2 2027-09-21 Fixed 0.97000000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 95000U3H4 1095000.00000000 PA USD 1174432.34000000 0.320159793476 Long DBT CORP US N 2 2034-10-23 Fixed 6.49000000 N N N N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 1.00000000 NC -579031.46000000 -0.15784867832 N/A DFE US N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 91686000.00000000 BRL 15394405.45000000 USD 2025-06-18 -579031.46000000 N N N TENN VALLEY AUTHORITY 549300HE1ISW43LNKM54 880591FC1 4000000.00000000 PA USD 3791687.04000000 1.033644679483 Long DBT USGA US N 2 2055-02-01 Fixed 5.25000000 N N N N N N ROMANIA 315700IASY927EDWBK92 000000000 1850000.00000000 PA 1546182.83000000 0.421501996045 Long DBT NUSS RO N 2 2049-04-03 Fixed 4.63000000 N N N N N N United States Treasury 254900HROIFWPRGM1V77 91282CML2 8866112.50000000 PA USD 8928082.90000000 2.433867903711 Long DBT UST US N 2 2035-01-15 Fixed 2.13000000 N N N N N N AUSTRALIAN GOVERNMENT 213800J6B7JSBDETCB42 000000000 6510000.00000000 PA 4633520.35000000 1.263135276337 Long DBT NUSS AU N 2 2040-08-21 Fixed 1.25000000 N N N N N N Morgan Stanley & Co. International PLC 4PQUHN3JPFGFNF3BB653 000000000 1.00000000 NC 4806.28000000 0.001310230959 N/A DFE CA N 2 Morgan Stanley & Co. International PLC 4PQUHN3JPFGFNF3BB653 615064.00000000 USD 850000.00000000 CAD 2025-06-18 4806.28000000 N N N HA SUSTAINABLE INF CAP 254900ZZRL7MWL1X8E92 41068XAF7 1000000.00000000 PA USD 975344.17000000 0.265886741534 Long DBT CORP US N 2 2034-07-01 Fixed 6.38000000 N N N N N N HIH Trust N/A 40444VAC5 167493.15000000 PA USD 167388.47000000 0.045631456287 Long ABS-MBS CORP US N 2 2041-10-15 Floating 6.67000000 N N N N N N Petroleos Mexicanos 549300CAZKPF4HKMPX17 71654QDE9 880000.00000000 PA USD 762753.55000000 0.207932812069 Long DBT CORP MX N 2 2031-01-28 Fixed 5.95000000 N N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 000000000 2445000.00000000 OU Notional Amount USD 117366.85000000 0.031995156448 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2055-03-19 100479.52000000 USD 0.00000000 USD 2445000.00000000 USD 16887.33000000 N N N United States Treasury 254900HROIFWPRGM1V77 912810RF7 6503659.20000000 PA USD 5399834.36000000 1.472038698717 Long DBT UST US N 2 2044-02-15 Fixed 1.38000000 N N N N N N United States Treasury 254900HROIFWPRGM1V77 91282CHP9 18541745.10000000 PA USD 17839001.84000000 4.863056772537 Long DBT UST US N 2 2033-07-15 Fixed 1.38000000 N N N N N N United States Treasury 254900HROIFWPRGM1V77 9128285W6 14880552.50000000 PA USD 14600279.38000000 3.980154728200 Long DBT UST US N 2 2029-01-15 Fixed 0.88000000 N N N N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 -47.00000000 NC USD -21363.61000000 -0.00582389358 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Short CBOT 10 Year U.S. Treasury Notes TYU5 Comdty 2025-09-19 -5183886.39000000 USD -21363.61000000 N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC -24399.32000000 -0.00665145277 N/A DFE US N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 1060000.00000000 CAD 748615.38000000 USD 2025-06-18 -24399.32000000 N N N United States Treasury 254900HROIFWPRGM1V77 91282CNB3 3480731.10000000 PA USD 3490822.12000000 0.951626458960 Long DBT UST US N 2 2030-04-15 Fixed 1.63000000 N N N N N N ASX Clear (Futures) 549300ZD7BBOVZFVHK49 000000000 205.00000000 NC 259828.10000000 0.070831250130 N/A DIR AU N 1 ASX Clear (Futures) 549300ZD7BBOVZFVHK49 Long SFE 10 Year Australian Bond Futures XMM5 Comdty 2025-06-16 22994877.67000000 AUD 259828.10000000 N N N Bank of America NA B4TYDEB6GKMZO031MB27 000000000 24590000.00000000 OU Notional Amount USD 150205.80000000 0.040947320904 N/A DIR US N 2 Bank of America NA B4TYDEB6GKMZO031MB27 N/A N/A Y Inflation based on U.S. CPI Urban Consumers NSA 2027-04-15 0.00000000 USD 0.00000000 USD 24590000.00000000 USD 150205.80000000 N N N DANSKE BANK A/S MAES062Z21O4RZ2U7M96 000000000 1610000.00000000 PA 1720232.90000000 0.468949458591 Long DBT CORP DK N 2 2029-06-09 Fixed 0.75000000 N N N N N N Avis Budget Rental Car Funding AESOP LLC IHXLB8SL0QWSSG2VG640 05377RGU2 1280000.00000000 PA USD 1294541.06000000 0.352902405954 Long ABS-O CORP US N 2 2028-02-22 Fixed 5.44000000 N N N N N N Illinois State Toll Highway Authority 549300ISBFGI8MJJKM98 452252FK0 1520000.00000000 PA USD 1559683.70000000 0.425182442848 Long DBT MUN US N 2 2034-12-01 Fixed 5.85000000 N N N N N N United States Treasury 254900HROIFWPRGM1V77 91282CEZ0 7038273.05000000 PA USD 6510001.25000000 1.774679208623 Long DBT UST US N 2 2032-07-15 Fixed 0.63000000 N N N N N N BANCA COMERCIALA ROMANA 549300ORLU6LN5YD8X90 000000000 200000.00000000 PA 235973.78000000 0.064328368776 Long DBT CORP RO N 2 2027-05-19 Fixed 7.63000000 N N N N N N PACIFIC GAS & ELECTRIC 1HNPXZSMMB7HMBMVBS46 694308KJ5 985000.00000000 PA USD 1001651.92000000 0.273058447830 Long DBT CORP US N 2 2033-01-15 Fixed 6.15000000 N N N N N N Fixed Income Clearing Corp 549300H47WTHXPU08X20 000000000 13480720.61000000 PA USD 13480720.61000000 3.674953915535 Long RA CORP US N 2 Repurchase N 1.36000000 2025-06-02 13545500.00000000 USD 13750335.02000000 USD UST N N N ENERGY TRANSFER LP MTLVN9N7JE8MIBIJ1H73 29278NAD5 1159000.00000000 PA USD 1134796.06000000 0.309354621661 Long DBT CORP US N 2 2038-06-15 Fixed 5.80000000 N N N N N N Freddie Mac S6XOOCT0IEG5ABCC6L87 3137ALEC9 119715.86000000 PA USD 117645.54000000 0.032071129606 Long ABS-MBS USGSE US N 2 2042-02-15 Floating 4.95000000 N N N N N N Ellington Financial Mortgage Trust N/A 31572LAA4 224059.16000000 PA USD 184955.53000000 0.050420379506 Long ABS-MBS CORP US N 2 2066-06-25 Variable 0.93000000 N N N N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 175.00000000 NC USD 93738.68000000 0.025553925422 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Long CBOT 5 Year U.S. Treasury Notes FVU5 Comdty 2025-09-30 18839073.82000000 USD 93738.68000000 N N N Citibank NA E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC -2913.53000000 -0.00079425193 N/A DFE BR N 2 Citibank NA E57ODZWZ7FF32TWEFA76 423652.25000000 USD 2415000.00000000 BRL 2025-06-18 -2913.53000000 N N N United States Treasury 254900HROIFWPRGM1V77 912828ZZ6 4945227.30000000 PA USD 4616369.68000000 1.258459864414 Long DBT UST US N 2 2030-07-15 Fixed 0.13000000 N N N N N N Credit Suisse Mortgage Trust N/A 12662GAC2 341028.91000000 PA USD 339465.12000000 0.092540948516 Long ABS-MBS CORP US N 2 2060-12-27 Variable 4.12000000 N N N N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 -63.00000000 NC USD -20792.59000000 -0.00566822889 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Short Ultra 10 Year U.S. Treasury Notes Futures UXYU5 Comdty 2025-09-19 -7069660.54000000 USD -20792.59000000 N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC -3174.70000000 -0.00086544900 N/A DFE US N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 830000.00000000 NZD 493021.58000000 USD 2025-06-18 -3174.70000000 N N N HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 000000000 1.00000000 NC -1929.84000000 -0.00052609005 N/A DFE US N 2 HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 5600000.00000000 MXN 286230.68000000 USD 2025-06-18 -1929.84000000 N N N Legacy Mortgage Asset Trust N/A 52476DAA5 323012.06000000 PA USD 322921.26000000 0.088030957927 Long ABS-MBS CORP US N 2 2061-04-25 Variable 5.75000000 N N N N N N Citibank NA E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC -228514.86000000 -0.06229500661 N/A DFE US N 2 Citibank NA E57ODZWZ7FF32TWEFA76 7134000.00000000 CAD 4974019.91000000 USD 2025-06-18 -228514.86000000 N N N Wells Fargo Bank NA KB1H1DSPRFMYMCUFXT09 000000000 1.00000000 NC -12331.29000000 -0.00336160979 N/A DFE US N 2 Wells Fargo Bank NA KB1H1DSPRFMYMCUFXT09 5800000.00000000 MXN 286120.68000000 USD 2025-06-18 -12331.29000000 N N N 2025-06-13 VALIC Co I Donna McManus Donna McManus Assistant Treasurer