| Security | $Holding | Balance | % of Fund | Category | Position | Country |
|---|---|---|---|---|---|---|
| BlackRock Fund Advisors | 40.52 mm | 436.47 k shares | 24.32 | Long | USA | |
| iShares 20+ Year Treasury Bond ETF | 21.44 mm | 231.93 k shares | 12.87 | Long | USA | |
| QLC FlexShares Trust | 20.83 mm | 1.02 mm shares | 12.50 | Long | USA | |
| BlackRock Fund Advisors | 19.95 mm | 170.83 k shares | 11.97 | Long | USA | |
| QLC FlexShares Trust | 15.72 mm | 326.28 k shares | 9.43 | Long | USA | |
| BlackRock Fund Advisors | 13.99 mm | 268.96 k shares | 8.40 | Long | USA | |
| Treasury Repurchase Agreement | 13.40 mm | 13.40 mm principal | 8.04 | Repurchase agreement | Long | USA |
| iShares 7-10 Year Treasury Bond ETF | 9.54 mm | 100.95 k shares | 5.73 | Long | USA | |
| QLC FlexShares Trust | 7.84 mm | 103.85 k shares | 4.71 | Long | USA | |
| BlackRock Fund Advisors | 6.08 mm | 116.36 k shares | 3.65 | Long | USA | |
| iShares 1-3 Year Treasury Bond ETF | 5.61 mm | 68.15 k shares | 3.37 | Long | USA | |
| QLC FlexShares Trust | 3.39 mm | 142.64 k shares | 2.04 | Long | USA | |
| Other Repurchase Agreement | 2.00 mm | 2.00 mm principal | 1.20 | Repurchase agreement | Long | USA |
| QLC FlexShares Trust | 826.33 k | 19.05 k shares | 0.50 | Long | USA | |
| U.S. Treasury Bills | 191.55 k | 195.00 k principal | 0.11 | Short-term investment vehicle | Long | USA |
| iShares 10+ Year Investment Grade Corporate Bond ETF | 47.26 k | 925.00 shares | 0.03 | Long | USA | |
| U.S. Treasury 2 Year Note | -186.62 k | 151.00 contracts | -0.11 | Interest rate derivative | N/A | USA |
