* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.
Person Signing this Report on Behalf of Reporting Manager:
Name
Title
City, State
Date
David Graham
President
Madison, Wisconsin
11/12/2025
American Family Investments, Inc. (AFI) is a subsidiary of American Family Insurance Mutual Holding Company (AFIMHC), which is the direct and indirect parent holding company of certain "institutional investment managers" as defined under Section 13(f) of the Securities Exchange Act of 1934 (the Act) (such institutional investment managers other than AFI are collectively referred to as the AFI Affiliates). Solely for purposes of the reporting requirements under Section 13(f) of the Act and the rules promulgated thereunder, as a result of the corporate relationship between AFIMHC and the AFI Affiliates, AFIMHC is deemed to share investment discretion with the AFI Affiliates with respect to Section 13(f) securities. However, AFI has been appointed as the investment manager for Section 13(f) securities held by the AFI Affiliates under certain investment management agreements and therefore has investment discretion for the AFI Affiliates. Additionally, solely for purposes of the reporting requirements under Section 13(f) of the Act and the rules promulgated thereunder, as a result of American Family Investments Holdings, Inc. (AFI Holdings) being the direct parent holding company of AFI, AFI Holdings is deemed to share investment discretion with AFI. Therefore, the information required by Form 13F is reported herein by AFI on behalf of AFIMHC, the AFI Affiliates and AFI Holdings to the extent required by the reporting requirements under Section 13(f).
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