# EDGAR Filing Document

**Accession Number:** 0000896435
**File Stem:** 0000896435-26-000370
**Filing Date:** 2026-5
**Character Count:** 212671
**Document Hash:** aaa5c90cbefec2935321137e9367bd5f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000896435-26-000370.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0000896435-26-000370

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
- **CENTRAL INDEX KEY:** 0000896435

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07452
- **FILM NUMBER:** 261042462

**BUSINESS ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **STREET 2:** SUITE 1000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
- **BUSINESS PHONE:** 7136261919

**MAIL ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **STREET 2:** SUITE 1000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM VARIABLE INSURANCE FUNDS
- **DATE OF NAME CHANGE:** 20000719

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM VARIABLE INSURANCE FUNDS INC
- **DATE OF NAME CHANGE:** 19930714

## Series and Classes Contracts Data

### INVESCO V.I. Government Securities Fund (Series ID: S000000179)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000000404 | Series I     |  |
| C000000405 | Series II    |  |

## Nport-Ex

**Schedule of Investments** 

*March 31, 2026*

*(Unaudited)*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **U.S. Government Sponsored Agency Mortgage-Backed** <br> **Securities–57.35%** | **U.S. Government Sponsored Agency Mortgage-Backed** <br> **Securities–57.35%** | **U.S. Government Sponsored Agency Mortgage-Backed** <br> **Securities–57.35%** | **U.S. Government Sponsored Agency Mortgage-Backed** <br> **Securities–57.35%** |
| **Collateralized Mortgage Obligations–6.45%** | **Collateralized Mortgage Obligations–6.45%** | **Collateralized Mortgage Obligations–6.45%** | **Collateralized Mortgage Obligations–6.45%** |
| &nbsp;&nbsp;&nbsp; Fannie Mae ACES, Series 2019-M5, <br> Class A2, <br>3.27%, 02/25/2029<br>|  | $4406467 | &nbsp;&nbsp; $4310161 |
| Fannie Mae REMICs, | Fannie Mae REMICs, |  |  |
| &nbsp;&nbsp;&nbsp; 1.50%, 01/25/2028 |  | 127731 | &nbsp;&nbsp; 126134 |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/25/2032 |  | 114876 | &nbsp;&nbsp; 120067 |
| &nbsp;&nbsp;&nbsp; 5.75%, 10/25/2035 |  | 19541 | &nbsp;&nbsp; 19998 |
| &nbsp;&nbsp;&nbsp; 4.08% (30 Day Average SOFR + <br> 0.41%), 05/25/2036<sup>(a)</sup> <br>|  | 493810 | &nbsp;&nbsp; 488666 |
| &nbsp;&nbsp;&nbsp; 4.23% (30 Day Average SOFR + <br> 0.56%), 03/25/2037<sup>(a)</sup> <br>|  | 332726 | &nbsp;&nbsp; 330134 |
| &nbsp;&nbsp;&nbsp; 6.60%, 06/25/2039<sup>(b)</sup> <br>|  | 617405 | &nbsp;&nbsp; 640415 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/25/2040 |  | 333013 | &nbsp;&nbsp; 327843 |
| &nbsp;&nbsp;&nbsp; 4.28% (30 Day Average SOFR + <br> 0.61%), 05/25/2041<sup>(a)</sup> <br>|  | 86614 | &nbsp;&nbsp; 86515 |
| &nbsp;&nbsp;&nbsp; 4.30% (30 Day Average SOFR + <br> 0.63%), 11/25/2041<sup>(a)</sup> <br>|  | 325963 | &nbsp;&nbsp; 324847 |
| &nbsp;&nbsp;&nbsp; 4.12% (30 Day Average SOFR + <br> 0.43%), 08/25/2044<sup>(a)</sup> <br>|  | 393723 | &nbsp;&nbsp; 384786 |
| &nbsp;&nbsp;&nbsp; 4.28% (30 Day Average SOFR + <br> 0.59%), 02/25/2056<sup>(a)</sup> <br>|  | 783099 | &nbsp;&nbsp; 777829 |
| &nbsp;&nbsp;&nbsp; 4.22% (30 Day Average SOFR + <br> 0.53%), 12/25/2056<sup>(a)</sup> <br>|  | 980684 | &nbsp;&nbsp; 961191 |
| &nbsp;&nbsp;&nbsp; IO, <br>2.00%, 03/25/2051<sup>(c)</sup> <br>|  | 2244222 | &nbsp;&nbsp; 312006 |
| &nbsp;&nbsp;&nbsp; Freddie Mac Multifamily Structured <br> Pass-Through Ctfs., | &nbsp;&nbsp;&nbsp; Freddie Mac Multifamily Structured <br> Pass-Through Ctfs., |  |  |
| &nbsp;&nbsp;&nbsp; Series KS11, Class AFX1, <br>2.15%, 12/25/2028<br>|  | 2920200 | &nbsp;&nbsp; 2832941 |
| &nbsp;&nbsp;&nbsp; Series K092, Class AM, <br>3.02%, 04/25/2029<br>|  | 5000000 | &nbsp;&nbsp; 4832948 |
| Freddie Mac REMICs, | Freddie Mac REMICs, |  |  |
| &nbsp;&nbsp;&nbsp; 4.29% (30 Day Average SOFR + <br> 0.61%), 12/15/2035<sup>(a)</sup> <br>|  | 322822 | &nbsp;&nbsp; 321716 |
| &nbsp;&nbsp;&nbsp; 4.09% (30 Day Average SOFR + <br> 0.41%), 03/15/2036 to <br> 09/15/2044<sup>(a)</sup> <br>|  | 372821 | &nbsp;&nbsp; 371038 |
| &nbsp;&nbsp;&nbsp; 4.15% (30 Day Average SOFR + <br> 0.46%), 11/15/2036<sup>(a)</sup> <br>|  | 546222 | &nbsp;&nbsp; 539759 |
| &nbsp;&nbsp;&nbsp; 4.16% (30 Day Average SOFR + <br> 0.48%), 03/15/2037<sup>(a)</sup> <br>|  | 296989 | &nbsp;&nbsp; 293974 |
| &nbsp;&nbsp;&nbsp; 4.19% (30 Day Average SOFR + <br> 0.51%), 06/15/2037<sup>(a)</sup> <br>|  | 469408 | &nbsp;&nbsp; 465284 |
| &nbsp;&nbsp;&nbsp; 4.65% (30 Day Average SOFR + <br> 0.97%), 11/15/2039<sup>(a)</sup> <br>|  | 167547 | &nbsp;&nbsp; 168911 |
| &nbsp;&nbsp;&nbsp; 4.24% (30 Day Average SOFR + <br> 0.56%), 03/15/2040 to <br> 02/15/2042<sup>(a)</sup> <br>|  | 1051356 | &nbsp;&nbsp; 1043637 |
| &nbsp;&nbsp;&nbsp; Freddie Mac STRIPS, <br>4.15%(30 Day Average SOFR + <br> 0.46%), 10/15/2037<sup>(a)</sup> <br>|  | 406218 | &nbsp;&nbsp; 401420 |
|  |  |  | &nbsp;&nbsp; 20482220 |

---

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Federal Home Loan Mortgage Corp. (FHLMC)–11.21%** | **Federal Home Loan Mortgage Corp. (FHLMC)–11.21%** | **Federal Home Loan Mortgage Corp. (FHLMC)–11.21%** |
| &nbsp;&nbsp;&nbsp; 8.50%, 12/01/2026 to <br> 08/01/2031<br>| $12053 | &nbsp;&nbsp; $12374 |
| &nbsp;&nbsp;&nbsp; 7.05%, 05/20/2027 | 1371 | &nbsp;&nbsp; 1374 |
| &nbsp;&nbsp;&nbsp; 6.50%, 08/01/2028 to <br> 12/01/2035<br>| 405196 | &nbsp;&nbsp; 420784 |
| &nbsp;&nbsp;&nbsp; 7.00%, 08/01/2028 to <br> 11/01/2035<br>| 522515 | &nbsp;&nbsp; 549585 |
| &nbsp;&nbsp;&nbsp; 6.00%, 09/01/2029 to <br> 12/01/2053<br>| 4819803 | &nbsp;&nbsp; 4932861 |
| &nbsp;&nbsp;&nbsp; 7.50%, 09/01/2030 to <br> 06/01/2035<br>| 184842 | &nbsp;&nbsp; 189667 |
| &nbsp;&nbsp;&nbsp; 6.03%, 10/20/2030 | 146510 | &nbsp;&nbsp; 148342 |
| &nbsp;&nbsp;&nbsp; 8.00%, 11/17/2030 to <br> 02/01/2035<br>| 27399 | &nbsp;&nbsp; 27828 |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/01/2032 to <br> 01/01/2050<br>| 6964548 | &nbsp;&nbsp; 6268190 |
| &nbsp;&nbsp;&nbsp; 2.50%, 09/01/2034 to <br> 12/01/2050<br>| 9006643 | &nbsp;&nbsp; 8261568 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/2037 to <br> 01/01/2040<br>| 247342 | &nbsp;&nbsp; 250381 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/01/2040 to <br> 08/01/2041<br>| 1315152 | &nbsp;&nbsp; 1302110 |
| &nbsp;&nbsp;&nbsp; 5.50%, 11/01/2052 to <br> 05/01/2053<br>| 10899433 | &nbsp;&nbsp; 11109970 |
| &nbsp;&nbsp;&nbsp; ARM, <br>6.42% (1 yr. Refinitiv USD IBOR <br> Consumer Cash Fallbacks + 1.88%), <br> 09/01/2035<sup>(a)</sup> <br>| 499336 | &nbsp;&nbsp; 515577 |
| &nbsp;&nbsp;&nbsp; 6.60% (1 yr. Refinitiv USD IBOR <br> Consumer Cash Fallbacks + 1.85%), <br> 07/01/2036<sup>(a)</sup> <br>| 516291 | &nbsp;&nbsp; 535692 |
| &nbsp;&nbsp;&nbsp; 6.26% (1 yr. Refinitiv USD IBOR <br> Consumer Cash Fallbacks + 1.51%), <br> 10/01/2036<sup>(a)</sup> <br>| 110124 | &nbsp;&nbsp; 112782 |
| &nbsp;&nbsp;&nbsp; 6.51% (1 yr. Refinitiv USD IBOR <br> Consumer Cash Fallbacks + 1.91%), <br> 10/01/2036<sup>(a)</sup> <br>| 18779 | &nbsp;&nbsp; 19553 |
| &nbsp;&nbsp;&nbsp; 6.41% (1 yr. Refinitiv USD IBOR <br> Consumer Cash Fallbacks + 1.95%), <br> 11/01/2037<sup>(a)</sup> <br>| 94677 | &nbsp;&nbsp; 97805 |
| &nbsp;&nbsp;&nbsp; 6.33% (1 yr. Refinitiv USD IBOR <br> Consumer Cash Fallbacks + <br> 2.08%), 01/01/2038<sup>(a)</sup> <br>| 13608 | &nbsp;&nbsp; 14016 |
| &nbsp;&nbsp;&nbsp; 6.49% (1 yr. Refinitiv USD IBOR <br> Consumer Cash Fallbacks + 1.89%), <br> 07/01/2038<sup>(a)</sup> <br>| 97531 | &nbsp;&nbsp; 100709 |
| &nbsp;&nbsp;&nbsp; 6.37% (1 yr. Refinitiv USD IBOR <br> Consumer Cash Fallbacks + 1.79%), <br> 06/01/2043<sup>(a)</sup> <br>| 152269 | &nbsp;&nbsp; 157600 |
| &nbsp;&nbsp;&nbsp; 5.89% (1 yr. Refinitiv USD IBOR <br> Consumer Cash Fallbacks + 1.64%), <br> 01/01/2048<sup>(a)</sup> <br>| 521675 | &nbsp;&nbsp; 541158 |
|  |  | &nbsp;&nbsp; 35569926 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco V.I. Government Securities Fund**

------

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Federal National Mortgage Association (FNMA)–12.00%** | **Federal National Mortgage Association (FNMA)–12.00%** | **Federal National Mortgage Association (FNMA)–12.00%** |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/01/2026 to <br> 11/01/2037<br>| $336078 | &nbsp;&nbsp; $349806 |
| &nbsp;&nbsp;&nbsp; 8.00%, 09/01/2026 to <br> 07/01/2037<br>| 353437 | &nbsp;&nbsp; 367654 |
| &nbsp;&nbsp;&nbsp; 7.50%, 12/01/2026 to <br> 08/01/2037<br>| 682806 | &nbsp;&nbsp; 700683 |
| &nbsp;&nbsp;&nbsp; 8.50%, 12/01/2026 to <br> 12/01/2036<br>| 76031 | &nbsp;&nbsp; 79606 |
| &nbsp;&nbsp;&nbsp; 3.50%, 05/01/2027 to <br> 08/01/2027<br>| 203736 | &nbsp;&nbsp; 202102 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/01/2027 to <br> 11/01/2055<br>| 7861965 | &nbsp;&nbsp; 8111715 |
| &nbsp;&nbsp;&nbsp; 0.75%, 10/08/2027 | 6000000 | &nbsp;&nbsp; 5730702 |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/01/2028 to <br> 02/01/2036<br>| 195345 | &nbsp;&nbsp; 204514 |
| &nbsp;&nbsp;&nbsp; 3.00%, 12/01/2031 to <br> 03/01/2050<br>| 3152463 | &nbsp;&nbsp; 2934757 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/2033 to <br> 04/01/2053<br>| 2730261 | &nbsp;&nbsp; 2722411 |
| &nbsp;&nbsp;&nbsp; 2.50%, 12/01/2034 to <br> 08/01/2051<br>| 6861020 | &nbsp;&nbsp; 6459690 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/01/2035 to <br> 05/01/2035<br>| 354098 | &nbsp;&nbsp; 361615 |
| &nbsp;&nbsp;&nbsp; 2.00%, 09/01/2035 to <br> 03/01/2051<br>| 5603309 | &nbsp;&nbsp; 4784082 |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/01/2039 to <br> 08/01/2041<br>| 1228657 | &nbsp;&nbsp; 1213971 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/2043 to <br> 12/01/2048<br>| 3413128 | &nbsp;&nbsp; 3286125 |
| &nbsp;&nbsp;&nbsp; ARM, <br>6.11% (1 yr. U.S. Treasury Yield <br> Curve Rate + 2.36%), <br> 10/01/2034<sup>(a)</sup> <br>| 247425 | &nbsp;&nbsp; 255385 |
| &nbsp;&nbsp;&nbsp; 6.10% (1 yr. U.S. Treasury Yield <br> Curve Rate + 2.21%), <br> 05/01/2035<sup>(a)</sup> <br>| 26054 | &nbsp;&nbsp; 27083 |
| &nbsp;&nbsp;&nbsp; 6.06% (1 yr. Refinitiv USD IBOR <br> Consumer Cash Fallbacks + 1.72%), <br> 03/01/2038<sup>(a)</sup> <br>| 9033 | &nbsp;&nbsp; 9272 |
| &nbsp;&nbsp;&nbsp; 6.14% (1 yr. Refinitiv USD IBOR <br> Consumer Cash Fallbacks + 1.77%), <br> 02/01/2042<sup>(a)</sup> <br>| 87259 | &nbsp;&nbsp; 90300 |
| &nbsp;&nbsp;&nbsp; 6.27% (1 yr. Refinitiv USD IBOR <br> Consumer Cash Fallbacks + 1.52%), <br> 08/01/2043<sup>(a)</sup> <br>| 62972 | &nbsp;&nbsp; 64825 |
| &nbsp;&nbsp;&nbsp; 6.00% (1 yr. U.S. Treasury Yield <br> Curve Rate + 1.88%), <br> 05/01/2044<sup>(a)</sup> <br>| 123279 | &nbsp;&nbsp; 126760 |
|  |  | &nbsp;&nbsp; 38083058 |

---

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Government National Mortgage Association (GNMA)–19.70%** | **Government National Mortgage Association (GNMA)–19.70%** | **Government National Mortgage Association (GNMA)–19.70%** |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/15/2027 to <br> 09/15/2034<br>| $376696 | &nbsp;&nbsp; $388164 |
| &nbsp;&nbsp;&nbsp; 6.38%, 10/20/2027 | 12187 | &nbsp;&nbsp; 12228 |
| &nbsp;&nbsp;&nbsp; 7.00%, 11/15/2027 to <br> 12/15/2036<br>| 202985 | &nbsp;&nbsp; 207365 |
| &nbsp;&nbsp;&nbsp; 7.50%, 08/15/2028 to <br> 10/15/2035<br>| 140679 | &nbsp;&nbsp; 146004 |
| &nbsp;&nbsp;&nbsp; 6.00%, 09/15/2029 to <br> 08/15/2033<br>| 97017 | &nbsp;&nbsp; 98342 |
| &nbsp;&nbsp;&nbsp; 8.00%, 12/15/2030 to <br> 01/15/2037<br>| 212862 | &nbsp;&nbsp; 218882 |
| &nbsp;&nbsp;&nbsp; 6.10%, 12/20/2033 | 882744 | &nbsp;&nbsp; 911742 |
| &nbsp;&nbsp;&nbsp; 5.65%, 08/20/2034<sup>(b)</sup> <br>| 196866 | &nbsp;&nbsp; 200029 |
| &nbsp;&nbsp;&nbsp; 8.50%, 10/15/2036 to <br> 01/15/2037<br>| 91749 | &nbsp;&nbsp; 93171 |
| &nbsp;&nbsp;&nbsp; 5.87%, 01/20/2039<sup>(b)</sup> <br>| 909618 | &nbsp;&nbsp; 935375 |
| &nbsp;&nbsp;&nbsp; 4.59% (1 mo. Term SOFR + <br> 0.91%), 09/16/2039<sup>(a)</sup> <br>| 239785 | &nbsp;&nbsp; 240751 |
| &nbsp;&nbsp;&nbsp; 4.49% (1 mo. Term SOFR + <br> 0.81%), 05/20/2040<sup>(a)</sup> <br>| 635144 | &nbsp;&nbsp; 635817 |
| &nbsp;&nbsp;&nbsp; 4.53%, 07/20/2041<sup>(b)</sup> <br>| 184415 | &nbsp;&nbsp; 184955 |
| &nbsp;&nbsp;&nbsp; 5.40%, 09/20/2041 | 495637 | &nbsp;&nbsp; 507437 |
| &nbsp;&nbsp;&nbsp; 4.04% (1 mo. Term SOFR + <br> 0.36%), 01/20/2042<sup>(a)</sup> <br>| 7464 | &nbsp;&nbsp; 7396 |
| &nbsp;&nbsp;&nbsp; 3.50%, 10/20/2042 to <br> 06/20/2050<br>| 3947378 | &nbsp;&nbsp; 3642262 |
| &nbsp;&nbsp;&nbsp; 4.08% (1 mo. Term SOFR + <br> 0.41%), 08/20/2047<sup>(a)</sup> <br>| 1351134 | &nbsp;&nbsp; 1316074 |
| &nbsp;&nbsp;&nbsp; 3.00%, 10/20/2048 to <br> 11/20/2049<br>| 6819224 | &nbsp;&nbsp; 6145819 |
| &nbsp;&nbsp;&nbsp; 2.50%, 07/20/2049 | 1941734 | &nbsp;&nbsp; 1733999 |
| &nbsp;&nbsp;&nbsp; TBA, <br>2.00%, 04/01/2056<sup>(d)</sup> <br>| 12000000 | &nbsp;&nbsp; 9915937 |
| &nbsp;&nbsp;&nbsp; 2.50%, 04/01/2056<sup>(d)</sup> <br>| 7620000 | &nbsp;&nbsp; 6556772 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/01/2056<sup>(d)</sup> <br>| 7500000 | &nbsp;&nbsp; 7246602 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/01/2056<sup>(d)</sup> <br>| 12050000 | &nbsp;&nbsp; 11935967 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/01/2056<sup>(d)</sup> <br>| 6985000 | &nbsp;&nbsp; 7030577 |
| &nbsp;&nbsp;&nbsp; Series 2020-137, Class A, <br>1.50%, 04/16/2062<br>| 2944679 | &nbsp;&nbsp; 2211483 |
|  |  | &nbsp;&nbsp; 62523150 |
| **Uniform Mortgage-Backed Securities–7.99%** | **Uniform Mortgage-Backed Securities–7.99%** | **Uniform Mortgage-Backed Securities–7.99%** |
| &nbsp;&nbsp;&nbsp; TBA, <br>4.00%, 04/01/2041<sup>(d)</sup> <br>| 8000 | &nbsp;&nbsp; 7814 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/01/2041<sup>(d)</sup> <br>| 13287000 | &nbsp;&nbsp; 13193371 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/01/2041<sup>(d)</sup> <br>| 6811000 | &nbsp;&nbsp; 6861798 |
| &nbsp;&nbsp;&nbsp; 2.00%, 04/01/2056<sup>(d)</sup> <br>| 1440000 | &nbsp;&nbsp; 1160213 |
| &nbsp;&nbsp;&nbsp; 2.50%, 04/01/2056<sup>(d)</sup> <br>| 3163000 | &nbsp;&nbsp; 2659885 |
| &nbsp;&nbsp;&nbsp; 3.00%, 04/01/2056<sup>(d)</sup> <br>| 1705000 | &nbsp;&nbsp; 1497829 |
|  |  | &nbsp;&nbsp; 25380910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Government Sponsored Agency <br> Mortgage-Backed Securities <br> (Cost $188,836,067) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Government Sponsored Agency <br> Mortgage-Backed Securities <br> (Cost $188,836,067) | &nbsp;&nbsp; 182039264 |
| **U.S. Treasury Securities–29.75%** | **U.S. Treasury Securities–29.75%** | **U.S. Treasury Securities–29.75%** |
| **U.S. Treasury Bills–1.33%** | **U.S. Treasury Bills–1.33%** | **U.S. Treasury Bills–1.33%** |
| &nbsp;&nbsp;&nbsp; 3.53% - 4.11%, 05/14/2026<sup>(e)(f)</sup> <br>| 4218000 | &nbsp;&nbsp; 4199700 |
| **U.S. Treasury Bonds–1.07%** | **U.S. Treasury Bonds–1.07%** | **U.S. Treasury Bonds–1.07%** |
| &nbsp;&nbsp;&nbsp; 5.38%, 02/15/2031 | 3200000 | &nbsp;&nbsp; 3401625 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco V.I. Government Securities Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **U.S. Treasury Notes–27.35%** | **U.S. Treasury Notes–27.35%** | **U.S. Treasury Notes–27.35%** | **U.S. Treasury Notes–27.35%** |
| &nbsp;&nbsp;&nbsp; 0.88%, 06/30/2026 |  | $2000000 | &nbsp;&nbsp; $1985951 |
| &nbsp;&nbsp;&nbsp; 1.50%, 08/15/2026 |  | 7450000 | &nbsp;&nbsp; 7387121 |
| &nbsp;&nbsp;&nbsp; 1.13%, 02/28/2027 |  | 9159000 | &nbsp;&nbsp; 8945762 |
| &nbsp;&nbsp;&nbsp; 2.38%, 05/15/2027 |  | 3700000 | &nbsp;&nbsp; 3642476 |
| &nbsp;&nbsp;&nbsp; 0.50%, 06/30/2027 |  | 1900000 | &nbsp;&nbsp; 1824148 |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/15/2027 |  | 5000000 | &nbsp;&nbsp; 5034766 |
| &nbsp;&nbsp;&nbsp; 3.63%, 08/31/2027 |  | 9800000 | &nbsp;&nbsp; 9771863 |
| &nbsp;&nbsp;&nbsp; 3.38%, 09/15/2027 |  | 9800000 | &nbsp;&nbsp; 9737027 |
| &nbsp;&nbsp;&nbsp; 2.25%, 11/15/2027 |  | 2900000 | &nbsp;&nbsp; 2828293 |
| &nbsp;&nbsp;&nbsp; 2.75%, 02/15/2028 |  | 1900000 | &nbsp;&nbsp; 1863855 |
| &nbsp;&nbsp;&nbsp; 1.25%, 06/30/2028 |  | 4500000 | &nbsp;&nbsp; 4253906 |
| &nbsp;&nbsp;&nbsp; 2.88%, 08/15/2028 |  | 7500000 | &nbsp;&nbsp; 7342969 |
| &nbsp;&nbsp;&nbsp; 2.38%, 05/15/2029 |  | 2600000 | &nbsp;&nbsp; 2489754 |
| &nbsp;&nbsp;&nbsp; 1.63%, 08/15/2029 |  | 400000 | &nbsp;&nbsp; 372305 |
| &nbsp;&nbsp;&nbsp; 3.63%, 08/31/2030 |  | 9790000 | &nbsp;&nbsp; 9670876 |
| &nbsp;&nbsp;&nbsp; 3.88%, 12/31/2032 |  | 9800000 | &nbsp;&nbsp; 9658934 |
|  |  |  | &nbsp;&nbsp; 86810006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury Securities (Cost $95,933,235) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury Securities (Cost $95,933,235) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury Securities (Cost $95,933,235) | &nbsp;&nbsp; 94411331 |
| **Certificates of Deposit–13.99%** | **Certificates of Deposit–13.99%** | **Certificates of Deposit–13.99%** | **Certificates of Deposit–13.99%** |
| **Diversified Banks–13.99%** | **Diversified Banks–13.99%** | **Diversified Banks–13.99%** | **Diversified Banks–13.99%** |
| Bank of Nova Scotia (Canada), | Bank of Nova Scotia (Canada), |  |  |
| &nbsp;&nbsp;&nbsp; 4.05% (SOFR + 0.40%), <br> 02/09/2027<sup>(a)</sup> <br>|  | 5000000 | &nbsp;&nbsp; 5000818 |
| &nbsp;&nbsp;&nbsp; 3.95% (SOFR + 0.30%), <br> 02/24/2027<sup>(a)</sup> <br>|  | 4400000 | &nbsp;&nbsp; 4409152 |
| &nbsp;&nbsp;&nbsp; BNP Paribas S.A. (France), 3.96% <br> (SOFR + 0.31%), 02/05/2027<sup>(a)</sup> <br>|  | 7000000 | &nbsp;&nbsp; 6998043 |
| &nbsp;&nbsp;&nbsp; Credit Agricole Corporate and <br> Investment Bank (France), 3.99% <br> (SOFR + 0.34%), 08/28/2026<sup>(a)</sup> <br>|  | 6000000 | &nbsp;&nbsp; 6004038 |
| &nbsp;&nbsp;&nbsp; Credit Industriel et Commercial <br> (France), 3.98% (SOFR + 0.33%), <br> 08/20/2026<sup>(a)</sup> <br>|  | 4000000 | &nbsp;&nbsp; 4002576 |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada (Canada), <br> 3.98% (SOFR + 0.33%), <br> 07/09/2026<sup>(a)</sup> <br>|  | 9000000 | &nbsp;&nbsp; 9004146 |
| &nbsp;&nbsp;&nbsp; Standard Chartered Bank (United <br> Kingdom), 3.98% (SOFR + 0.33%), <br> 07/24/2026<sup>(a)</sup> <br>|  | 9000000 | &nbsp;&nbsp; 9001962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Certificates of Deposit (Cost $44,400,000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Certificates of Deposit (Cost $44,400,000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Certificates of Deposit (Cost $44,400,000) | &nbsp;&nbsp; 44420735 |
| **Asset-Backed Securities–10.52%**<sup>(g)</sup>  | **Asset-Backed Securities–10.52%**<sup>(g)</sup>  | **Asset-Backed Securities–10.52%**<sup>(g)</sup>  | **Asset-Backed Securities–10.52%**<sup>(g)</sup>  |
| &nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust, <br> Series 2025-HB1, Class A1, 5.46% <br> (30 Day Average SOFR + 1.80%), <br> 02/25/2055<sup>(a)(h)</sup> <br>|  | 436599 | &nbsp;&nbsp; 438547 |
| &nbsp;&nbsp;&nbsp; Bank, Series 2017-BNK5, Class AS, <br> 3.62%, 06/15/2060<br>|  | 1800000 | &nbsp;&nbsp; 1764320 |
| &nbsp;&nbsp;&nbsp; Bear Stearns Adjustable Rate Mortgage <br> Trust, Series 2004-10, Class 12A1, <br> 0.00%, 01/25/2035<sup>(b)(i)</sup> <br>|  | 149527 | &nbsp;&nbsp; 146065 |
| Chase Mortgage Finance Corp., | Chase Mortgage Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016-SH1, Class M3, <br> 3.75%, 04/25/2045<sup>(b)(h)</sup> <br>|  | 585863 | &nbsp;&nbsp; 543551 |
| &nbsp;&nbsp;&nbsp; Series 2016-SH2, Class M3, <br> 3.75%, 12/25/2045<sup>(b)(h)</sup> <br>|  | 811365 | &nbsp;&nbsp; 753488 |
| &nbsp;&nbsp;&nbsp; CHNGE Mortgage Trust, <br> Series 2023-3, Class A1, 7.10%, <br> 07/25/2058<sup>(h)</sup> <br>|  | 816394 | &nbsp;&nbsp; 817025 |
| &nbsp;&nbsp;&nbsp; Cross Mortgage Trust, Series 2026-<br> NQM3, Class A3, 5.48%, <br> 03/25/2071<sup>(h)</sup> <br>|  | 3000000 | &nbsp;&nbsp; 2989658 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| &nbsp;&nbsp;&nbsp; Ellington Financial Mortgage Trust, <br> Series 2022-3, Class A1, 5.00%, <br> 08/25/2067<sup>(h)</sup> <br>|  | $715489 | &nbsp;&nbsp; $713682 |
| &nbsp;&nbsp;&nbsp; FRESB Mortgage Trust, Series 2019-<br> SB63, Class A5, 4.48% (30 Day <br> Average SOFR + 0.81%), <br> 02/25/2039<sup>(a)</sup> <br>|  | 2012273 | &nbsp;&nbsp; 2002146 |
| &nbsp;&nbsp;&nbsp; GS Mortgage-Backed Securities Corp. <br> Trust, Series 2025-NQM6, Class A1, <br> 5.02%, 02/25/2066<sup>(h)</sup> <br>|  | 3033268 | &nbsp;&nbsp; 3024335 |
| GS Mortgage-Backed Securities Trust, | GS Mortgage-Backed Securities Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-HE1, Class A1, 5.21% <br> (30 Day Average SOFR + 1.55%), <br> 10/25/2055<sup>(a)(h)</sup> <br>|  | 980867 | &nbsp;&nbsp; 982775 |
| &nbsp;&nbsp;&nbsp; Series 2025-HE2, Class A1, 5.21% <br> (30 Day Average SOFR + 1.55%), <br> 12/25/2065<sup>(a)(h)</sup> <br>|  | 3135119 | &nbsp;&nbsp; 3135425 |
| &nbsp;&nbsp;&nbsp; Series 2025-HE2, Class M1, 5.56% <br> (30 Day Average SOFR + 1.90%), <br> 12/25/2065<sup>(a)(h)</sup> <br>|  | 810000 | &nbsp;&nbsp; 813176 |
| &nbsp;&nbsp;&nbsp; Series 2025-PJ4, Class A4, <br> 6.00%, 09/25/2055<sup>(b)(h)</sup> <br>|  | 1084109 | &nbsp;&nbsp; 1089087 |
| &nbsp;&nbsp;&nbsp; Series 2026-CES1, Class A1, <br> 4.90%, 05/25/2056<sup>(h)</sup> <br>|  | 797774 | &nbsp;&nbsp; 791394 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Residential Mortgage <br> Loan Trust, Series 2026-1, <br> Class A3, 5.50%, 04/25/2056<sup>(b)(h)</sup> <br>|  | 3000000 | &nbsp;&nbsp; 3001557 |
| &nbsp;&nbsp;&nbsp; New Residential Mortgage Loan Trust, <br> Series 2018-4A, Class A1S, 4.54% <br> (1 mo. Term SOFR + 0.86%), <br> 01/25/2048<sup>(a)(h)</sup> <br>|  | 550525 | &nbsp;&nbsp; 542195 |
| &nbsp;&nbsp;&nbsp; OBX Trust, Series 2026-R1, Class A3, <br> 5.29%, 01/25/2063<sup>(h)</sup> <br>|  | 2957901 | &nbsp;&nbsp; 2932918 |
| &nbsp;&nbsp;&nbsp; SMB Private Education Loan Trust, <br> Series 2021-D, Class A1A, 1.34%, <br> 03/17/2053<sup>(h)</sup> <br>|  | 820284 | &nbsp;&nbsp; 777210 |
| &nbsp;&nbsp;&nbsp; Textainer Marine Containers VII Ltd. <br> (China), | &nbsp;&nbsp;&nbsp; Textainer Marine Containers VII Ltd. <br> (China), |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-3A, Class A, 2.11%, <br> 09/20/2045<sup>(h)</sup> <br>|  | 1246752 | &nbsp;&nbsp; 1196050 |
| &nbsp;&nbsp;&nbsp; Series 2021-2A, Class B, 2.82%, <br> 04/20/2046<sup>(h)</sup> <br>|  | 2426667 | &nbsp;&nbsp; 2271759 |
| &nbsp;&nbsp;&nbsp; Verus Securitization Trust, <br> Series 2023-INV3, Class A3, <br> 7.73%, 11/25/2068<sup>(b)(h)</sup> <br>|  | 2635341 | &nbsp;&nbsp; 2662823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities (Cost $33,811,301) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities (Cost $33,811,301) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities (Cost $33,811,301) | &nbsp;&nbsp; 33389186 |
| **Commercial Paper–8.51%**<sup>(e)</sup>  | **Commercial Paper–8.51%**<sup>(e)</sup>  | **Commercial Paper–8.51%**<sup>(e)</sup>  | **Commercial Paper–8.51%**<sup>(e)</sup>  |
| **Diversified Banks–8.51%** | **Diversified Banks–8.51%** | **Diversified Banks–8.51%** | **Diversified Banks–8.51%** |
| &nbsp;&nbsp;&nbsp; Bank of Montreal (Canada), 4.04% <br> (SOFR + 0.39%), 02/17/2027<sup>(a)</sup> <br>|  | 8000000 | &nbsp;&nbsp; 8001336 |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank (The) (Canada), <br> 4.05% (SOFR + 0.40%), <br> 04/10/2026<sup>(a)(h)</sup> <br>|  | 4000000 | &nbsp;&nbsp; 4000240 |
| &nbsp;&nbsp;&nbsp; UBS AG (Switzerland), 4.04% (SOFR + <br> 0.38%), 05/15/2026<sup>(a)(h)</sup> <br>|  | 9000000 | &nbsp;&nbsp; 9002580 |
| &nbsp;&nbsp;&nbsp; Westpac Banking Corp. (Australia), <br> 3.92% (SOFR + 0.27%), <br> 02/23/2027<sup>(a)(h)</sup> <br>|  | 6000000 | &nbsp;&nbsp; 5995208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Commercial Paper (Cost $26,998,399) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Commercial Paper (Cost $26,998,399) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Commercial Paper (Cost $26,998,399) | &nbsp;&nbsp; 26999364 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco V.I. Government Securities Fund**

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Shares** | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Shares** | **Value** |
| **Money Market Funds–0.87%** | **Money Market Funds–0.87%** | **Money Market Funds–0.87%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.58%<sup>(j)(k)</sup> <br>(Cost $2,769,291) | 2769291 | &nbsp;&nbsp; $2769291 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES–120.99% <br> (Cost $392,748,293) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES–120.99% <br> (Cost $392,748,293) | &nbsp;&nbsp; 384029171 |
| OTHER ASSETS LESS LIABILITIES—(20.99)% | OTHER ASSETS LESS LIABILITIES—(20.99)% | &nbsp;&nbsp; (66630808)<br>|
| NET ASSETS–100.00% | NET ASSETS–100.00% | &nbsp;&nbsp; $317398363 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Securities Sold Short** |  |  |
| &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |  |
| **U.S. Government Sponsored Agency Mortgage-Backed** <br> **Securities Short–(2.75)%** | **U.S. Government Sponsored Agency Mortgage-Backed** <br> **Securities Short–(2.75)%** |  |
| **Uniform Mortgage-Backed Securities–(2.75)%** | **Uniform Mortgage-Backed Securities–(2.75)%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TBA, 2.50%, 04/01/2041<sup>(d)</sup>  | $(6789000)<br>| &nbsp;&nbsp; $(6415291)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TBA, 2.00%, 04/01/2056<sup>(d)</sup>  | (1440000)<br>| &nbsp;&nbsp; (1160213)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TBA, 2.00%, 05/01/2056<sup>(d)</sup>  | (1440000)<br>| &nbsp;&nbsp; (1159594)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Securities Sold Short (Proceeds <br> $(8773308)) | &nbsp;&nbsp; (8735098)<br>|  |

---

Investment Abbreviations:

---

| | |
|:---|:---|
| ACES | – Automatically Convertible Extendable Security |
| ARM | – Adjustable Rate Mortgage |
| Ctfs. | – Certificates |
| IBOR | – Interbank Offered Rate |
| IO | – Interest Only |
| REMICs | – Real Estate Mortgage Investment Conduits |
| SOFR | – Secured Overnight Financing Rate |
| STRIPS | – Separately Traded Registered Interest and Principal Security |
| TBA | – To Be Announced |
| USD | – U.S. Dollar |

---

Notes to Schedule of Investments:

<sup>(a)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on March 31, 2026.

<sup>(b)</sup> Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on March 31, 2026. 

<sup>(c)</sup> Interest only security. Principal amount shown is the notional principal and does not reflect the maturity value of the security.

<sup>(d)</sup> Security purchased on a forward commitment basis. This security is subject to dollar roll transactions. 

<sup>(e)</sup> Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund.

<sup>(f)</sup> All or a portion of the value was pledged as collateral to cover margin requirements for open futures contracts. 

<sup>(g)</sup> Non-U.S. government sponsored securities.

<sup>(h)</sup> Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at March 31, 2026 was $48,474,683, which represented 15.27% of the Fund's Net Assets. 

<sup>(i)</sup> Zero coupon bond issued at a discount.

<sup>(j)</sup> Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the three months ended March 31, 2026. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**December 31, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**March 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated Money Market Funds:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, Institutional <br> Class<br>| $15949906 | &nbsp;&nbsp; $47799064 | &nbsp;&nbsp; $(60979679) | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $2769291 | &nbsp;&nbsp; $84942 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(k)</sup> The rate shown is the 7-day SEC standardized yield as of March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See accompanying notes which are an integral part of this schedule.

**Invesco V.I. Government Securities Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts** | **Open Futures Contracts** | **Open Futures Contracts** | **Open Futures Contracts** | **Open Futures Contracts** | **Open Futures Contracts** |
| **Long Futures Contracts** | &nbsp;&nbsp; **Number of**<br> **Contracts**<br>| &nbsp;&nbsp;&nbsp; **Expiration**<br> **Month**<br>| &nbsp;&nbsp; **Notional**<br> **Value**<br>| **Value** | &nbsp;&nbsp; **Unrealized**<br> **Appreciation**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** |
| U.S. Treasury 2 Year Notes | &nbsp;&nbsp;&nbsp; 228 | June-2026 | &nbsp;&nbsp;&nbsp; $47297531 | &nbsp;&nbsp;&nbsp; $(338784)<br>| &nbsp;&nbsp;&nbsp; $(338784)<br>|
| U.S. Treasury 5 Year Notes | &nbsp;&nbsp;&nbsp; 737 | June-2026 | &nbsp;&nbsp;&nbsp; 79728430 | &nbsp;&nbsp;&nbsp; (1014495)<br>| &nbsp;&nbsp;&nbsp; (1014495)<br>|
| U.S. Treasury 10 Year Notes | &nbsp;&nbsp;&nbsp; 252 | June-2026 | &nbsp;&nbsp;&nbsp; 27983813 | &nbsp;&nbsp;&nbsp; (460291)<br>| &nbsp;&nbsp;&nbsp; (460291)<br>|
| U.S. Treasury 10 Year Ultra Notes | &nbsp;&nbsp;&nbsp; 99 | June-2026 | &nbsp;&nbsp;&nbsp; 11238047 | &nbsp;&nbsp;&nbsp; (217894)<br>| &nbsp;&nbsp;&nbsp; (217894)<br>|
| U.S. Treasury Ultra Bonds | &nbsp;&nbsp;&nbsp; 4 | June-2026 | &nbsp;&nbsp;&nbsp; 466250 | &nbsp;&nbsp;&nbsp; (11756)<br>| &nbsp;&nbsp;&nbsp; (11756)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Long Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Long Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Long Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Long Futures Contracts | &nbsp;&nbsp;&nbsp; (2043220)<br>| &nbsp;&nbsp;&nbsp; (2043220)<br>|
| **Short Futures Contracts** |  |  |  |  |  |
| **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** |
| U.S. Treasury Long Bonds | &nbsp;&nbsp;&nbsp; 95 | June-2026 | &nbsp;&nbsp;&nbsp; (10818125)<br>| &nbsp;&nbsp;&nbsp; 351632 | &nbsp;&nbsp;&nbsp; 351632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp; $(1691588)<br>| &nbsp;&nbsp;&nbsp; $(1691588)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Open Centrally Cleared Interest Rate Swap Agreements** | **Open Centrally Cleared Interest Rate Swap Agreements** | **Open Centrally Cleared Interest Rate Swap Agreements** | **Open Centrally Cleared Interest Rate Swap Agreements** | **Open Centrally Cleared Interest Rate Swap Agreements** | **Open Centrally Cleared Interest Rate Swap Agreements** | **Open Centrally Cleared Interest Rate Swap Agreements** | **Open Centrally Cleared Interest Rate Swap Agreements** | **Open Centrally Cleared Interest Rate Swap Agreements** | **Open Centrally Cleared Interest Rate Swap Agreements** | **Open Centrally Cleared Interest Rate Swap Agreements** |
| **Pay/** <br>**Receive** <br>**Floating** <br>**Rate**<br>| **Floating Rate Index** | &nbsp;&nbsp; **Payment** <br>**Frequency**<br>| **(Pay)/** <br>**Receive** <br>**Fixed** <br>**Rate**<br>| &nbsp;&nbsp; **Payment** <br>**Frequency**<br>| **Maturity** <br>**Date**<br>| **Notional Value** | **Notional Value** | **Upfront** <br>**Payments** <br>**Paid** <br>**(Received)**<br>| **Value** | **Unrealized** <br>**Appreciation**<br>|
| **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** |
| Receive | SOFR | Annually | &nbsp;&nbsp; (3.57)% | Annually | &nbsp;&nbsp; 01/30/2031 | USD | 7049000 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $11919 | &nbsp;&nbsp; $11919 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations: <br> SOFR —Secured Overnight Financing Rate <br> USD —U.S. Dollar

The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.

See accompanying notes which are an integral part of this schedule.

**Invesco V.I. Government Securities Fund**

------

**Notes to Quarterly Schedule of Portfolio Holdings**

*March 31, 2026*

*(Unaudited)*

**NOTE 1—Additional Valuation Information**

Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment's assigned level:

Level 1 – Prices are determined using quoted prices in an active market for identical assets.

Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. When market movements occur after the close of the relevant foreign securities markets, foreign securities may be fair valued utilizing an independent pricing service.

Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.'s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.

The following is a summary of the tiered valuation input levels, as of March 31, 2026. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <br>**Investments in Securities** |  |  |  |  |
| U.S. Government Sponsored Agency Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $182039264 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $182039264 |
| U.S. Treasury Securities | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 94411331 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 94411331 |
| Certificates of Deposit | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 44420735 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 44420735 |
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 33389186 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 33389186 |
| Commercial Paper | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 26999364 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 26999364 |
| Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp; 2769291 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2769291 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; 2769291 | &nbsp;&nbsp;&nbsp;&nbsp; 381259880 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 384029171 |
| **Other Investments - Assets\*** |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; 351632 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 351632 |
| Swap Agreements | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11919 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11919 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; 351632 | &nbsp;&nbsp;&nbsp;&nbsp; 11919 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 363551 |
| **Other Investments - Liabilities\*** |  |  |  |  |
| Securities Sold Short | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8735098)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8735098)<br>|
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; (2043220)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2043220)<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp; (2043220)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (8735098)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (10778318)<br>|
| **Total Other Investments** | &nbsp;&nbsp;&nbsp;&nbsp; (1691588)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (8723179)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (10414767)<br>|
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $1077703 | &nbsp;&nbsp;&nbsp;&nbsp; $372536701 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $373614404 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Futures contracts and swap agreements are valued at unrealized appreciation (depreciation). Securities sold short are shown at value.

**Invesco V.I. Government Securities Fund**

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** AIM Variable Insurance Funds (Invesco Variable Insurance Funds)

- **b. Investment Company Act file number:** 811-07452

- **c. CIK number of Registrant:** 0000896435

- **d. LEI of Registrant:** FC4UULIMJMGKBDUARB13

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 11 Greenway Plaza

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 77046-1173

  - **Telephone number:** 800-959-4246

**Item A.2. Information about the Series.**

- **a. Name of Series:** Invesco V.I. Government Securities Fund

- **b. EDGAR series identifier (if any):** S000000179

- **c. LEI of Series:** 549300CE6SMJL1GYPH45

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $394366095.87

**Total Liabilities:** $76925936.10

**Net Assets:** $317440159.77

**Delayed Delivery Securities:** $61693338.29

**Cash Not Reported:** $2853897.71

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -1986.74154229 | **1-Year:** -16956.92293314 | **5-Year:** -28479.97417824 | **10-Year:** -32585.17128265 | **30-Year:** -7620.79300770

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -33.60532815 | **1-Year:** -348.64305391 | **5-Year:** -653.95511561 | **10-Year:** -726.66777092 | **30-Year:** -27.22145309

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000405 | 0.19%                | 1.23%                | -1.59%               |
| Class ID C000000404 | 0.09%                | 1.22%                | -1.58%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $270438.22               | $50099.04                                  |
| Month 2  | $52050.74                | $2030008.92                                |
| Month 3  | $22133.06                | $-3605683.58                               |

**Designated Index Information**

- **Index Name:** Bloomberg US Government Bond Index

- **Index Identifier:** 100% BB-US Gov

### Schedule of Portfolio Investments

| Name                                                  | Title                                                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 38377YX47<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |    909618 | PA      | $935374.93    | 0.29%             | 2039-01-20      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36213CPZ7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       536 | PA      | $542.67       | 0.00%             | 2031-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3128LDAC8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     84763 | PA      | $88077.56     | 0.03%             | 2038-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association, ARM                                     | CUSIP: 31418MKN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9033 | PA      | $9272.27      | 0.00%             | 2038-03-01      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31391ANB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21369 | PA      | $22450.64     | 0.01%             | 2031-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36202DJA0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1532 | PA      | $1586.17      | 0.00%             | 2030-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31335PLS2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    146510 | PA      | $148341.52    | 0.05%             | 2030-10-20      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31413FJF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     42421 | PA      | $44657.75     | 0.01%             | 2037-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31283HRV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4631 | PA      | $4871.29      | 0.00%             | 2032-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass-Through Ctfs. | Freddie Mac Multifamily Structured Pass-Through Ctfs., Series K092, Class AM   | CUSIP: 3137FLYW8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |   5000000 | PA      | $4832947.50   | 1.52%             | 2029-04-25      | Fixed         | 3.02%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31293AHV3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     17762 | PA      | $18677.47     | 0.01%             | 2028-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36225BMZ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      3973 | PA      | $4080.68      | 0.00%             | 2031-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31287XG26<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        22 | PA      | $22.27        | 0.00%             | 2032-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36207V3U8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      2284 | PA      | $2304.20      | 0.00%             | 2028-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 38377FZZ7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |    635144 | PA      | $635816.89    | 0.20%             | 2040-05-20      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31390RXU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       994 | PA      | $1028.16      | 0.00%             | 2032-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36290UXL5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     57296 | PA      | $61497.65     | 0.02%             | 2034-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 38378CE94<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |    184415 | PA      | $184955.19    | 0.06%             | 2041-07-20      | Variable      | 4.53%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3128LXJ35<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     13457 | PA      | $13645.97     | 0.00%             | 2035-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 3138ERQT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    564335 | PA      | $550485.01    | 0.17%             | 2031-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                   | Bank of Nova Scotia                                                            | CUSIP: 06418NPB2<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $5000817.50   | 1.58%             | 2027-02-09      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36225BSS8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     13390 | PA      | $13999.35     | 0.00%             | 2032-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Credit Agricole Corporate and Investment Bank         | Credit Agricole Corporate and Investment Bank                                  | CUSIP: 22532XF52<br>LEI: 254900BN8XS34XZDJ223 | Long             | DBT              | CORP              | FR        |   6000000 | PA      | $6004038.00   | 1.89%             | 2026-08-28      | Floating      | 3.97%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36209BR75<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       117 | PA      | $119.73       | 0.00%             | 2028-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36212TBV5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1244 | PA      | $1279.02      | 0.00%             | 2031-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                   | GS Mortgage-Backed Securities Trust, Series 2026-CES1, Class A1                | CUSIP: 36277LAA1<br>LEI: 2549005U12N6A8G3H936 | Long             | ABS-MBS          | CORP              | US        |    797774 | PA      | $791394.32    | 0.25%             | 2056-05-25      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3128K84V5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    186075 | PA      | $195734.98    | 0.06%             | 2035-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36209FBP3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       241 | PA      | $248.30       | 0.00%             | 2029-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                     | Fannie Mae REMICs, IO                                                          | CUSIP: 3136BFCF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |   2244222 | PA      | $312006.39    | 0.10%             | 2051-03-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31409X4U0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     33397 | PA      | $34880.01     | 0.01%             | 2036-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                     | Fannie Mae REMICs                                                              | CUSIP: 3136AUPW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    980684 | PA      | $961191.14    | 0.30%             | 2056-12-25      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                   | U.S. Treasury Notes                                                            | CUSIP: 912828X88<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3700000 | PA      | $3642476.54   | 1.15%             | 2027-05-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31283HTS4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1572 | PA      | $1618.10      | 0.00%             | 2032-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36210QSB9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       409 | PA      | $424.84       | 0.00%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31371GGS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       488 | PA      | $512.55       | 0.00%             | 2028-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31297PQY0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6779 | PA      | $7055.10      | 0.00%             | 2035-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31388KH70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6379 | PA      | $6459.56      | 0.00%             | 2031-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36200Q6R0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      7507 | PA      | $7761.88      | 0.00%             | 2032-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 3140X7FG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3024025 | PA      | $2870044.15   | 0.90%             | 2035-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31335PHC2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      9432 | PA      | $9470.91      | 0.00%             | 2030-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association, ARM                                     | CUSIP: 3138EMFR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     87259 | PA      | $90300.41     | 0.03%             | 2042-02-01      | Floating      | 6.14%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association, ARM                                     | CUSIP: 3138X3HM7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     62972 | PA      | $64824.86     | 0.02%             | 2043-08-01      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31403G3D2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     61594 | PA      | $62338.55     | 0.02%             | 2033-11-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36201MM25<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     20808 | PA      | $21454.19     | 0.01%             | 2032-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31346YXT5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1243176 | PA      | $1112725.24   | 0.35%             | 2049-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36292ASN9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     23048 | PA      | $23353.72     | 0.01%             | 2037-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36291SGB0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     19231 | PA      | $19342.98     | 0.01%             | 2029-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31409AGY9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26501 | PA      | $27009.16     | 0.01%             | 2029-12-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36200ACF4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1124 | PA      | $1163.93      | 0.00%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36200AGC7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1956 | PA      | $2037.24      | 0.00%             | 2032-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31409X6A2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     23540 | PA      | $23853.69     | 0.01%             | 2036-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36241LKW5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    882744 | PA      | $911742.22    | 0.29%             | 2033-12-20      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp., ARM                                          | CUSIP: 3128QSYV2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     18779 | PA      | $19553.16     | 0.01%             | 2036-10-01      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 3138X3XR8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1700086 | PA      | $1644695.89   | 0.52%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36200K7J0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1757 | PA      | $1800.25      | 0.00%             | 2033-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corp.                          | Chase Mortgage Finance Corp., Series 2016-SH2, Class M3                        | CUSIP: 16164AAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    811365 | PA      | $753488.06    | 0.24%             | 2045-12-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31371JBE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        63 | PA      | $64.26        | 0.00%             | 2030-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                    | Freddie Mac REMICs                                                             | CUSIP: 31397FLB6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    296989 | PA      | $293973.62    | 0.09%             | 2037-03-15      | Floating      | 4.16%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association, TBA                                  | CUSIP: 21H050649<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  12050000 | PA      | $11935967.48  | 3.76%             | 2056-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31283HHG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       607 | PA      | $624.00       | 0.00%             | 2030-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36241KKE7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    129390 | PA      | $134320.35    | 0.04%             | 2035-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31416BWZ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21353 | PA      | $22349.05     | 0.01%             | 2038-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31406EPY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     19886 | PA      | $20565.96     | 0.01%             | 2034-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3128M66Y9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     18656 | PA      | $18849.26     | 0.01%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36213RHL4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       497 | PA      | $506.23       | 0.00%             | 2031-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 3138LRKL5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    114051 | PA      | $113196.90    | 0.04%             | 2027-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                    | Uniform Mortgage-Backed Securities, TBA                                        | CUSIP: 01F040446<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      8000 | PA      | $7814.14      | 0.00%             | 2041-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3133ADEA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3237394 | PA      | $2785393.51   | 0.88%             | 2050-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31406EPS7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     37362 | PA      | $38640.87     | 0.01%             | 2034-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36241KG93<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     86426 | PA      | $89959.88     | 0.03%             | 2030-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp., ARM                                          | CUSIP: 3128S5EJ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     94677 | PA      | $97804.71     | 0.03%             | 2037-11-01      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31390UFB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       660 | PA      | $693.25       | 0.00%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                     | Fannie Mae REMICs                                                              | CUSIP: 31396PZE4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    332726 | PA      | $330133.70    | 0.10%             | 2037-03-25      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31297FQY2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     29316 | PA      | $30361.23     | 0.01%             | 2034-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31416TL49<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    137702 | PA      | $136354.71    | 0.04%             | 2039-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 38381VCJ7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |   1387874 | PA      | $1266318.30   | 0.40%             | 2048-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132GGFR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    350784 | PA      | $347529.13    | 0.11%             | 2041-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                     | Fannie Mae REMICs                                                              | CUSIP: 3136ARAZ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    783098 | PA      | $777829.18    | 0.25%             | 2056-02-25      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association, Series 2020-137, Class A             | CUSIP: 38380P4N1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |   2944679 | PA      | $2211482.90   | 0.70%             | 2062-04-16      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| OBX 2026-R1 Trust                                     | OBX 2026-R1 Trust, Series 2026-R1, Class A3                                    | CUSIP: 67124AAE7<br>LEI: 254900URJ5A8AOLJDR76 | Long             | ABS-MBS          | CORP              | US        |   2957902 | PA      | $2932917.93   | 0.92%             | 2063-01-25      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31403C7D7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    270109 | PA      | $274899.28    | 0.09%             | 2035-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3128M7XB7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    228686 | PA      | $231531.59    | 0.07%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36202SF78<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     17011 | PA      | $17296.65     | 0.01%             | 2033-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31371NCK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         8 | PA      | $8.05         | 0.00%             | 2037-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association, ARM                                     | CUSIP: 31410KWF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26054 | PA      | $27083.18     | 0.01%             | 2035-05-01      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31386XQT6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     51693 | PA      | $53403.50     | 0.02%             | 2031-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36210EJH3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       360 | PA      | $367.41       | 0.00%             | 2028-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                   | GS Mortgage-Backed Securities Trust, Series 2025-HE2, Class A1                 | CUSIP: 362934AA9<br>LEI: 254900J0PZAB9KZBPX66 | Long             | ABS-MBS          | CORP              | US        |   3135119 | PA      | $3135424.77   | 0.99%             | 2065-12-25      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36225BBD9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       125 | PA      | $126.79       | 0.00%             | 2028-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3133C56G1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2834861 | PA      | $2900181.60   | 0.91%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31371KK75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5089 | PA      | $5346.91      | 0.00%             | 2032-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36213UV31<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       749 | PA      | $770.15       | 0.00%             | 2031-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31388SLU7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       136 | PA      | $140.94       | 0.00%             | 2031-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 38380GJC9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |   1351134 | PA      | $1316073.93   | 0.41%             | 2047-08-20      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| BNP Paribas S.A.                                      | BNP Paribas S.A.                                                               | CUSIP: 05593DME0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   7000000 | PA      | $6998043.50   | 2.20%             | 2027-02-05      | Floating      | 3.94%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36292ASP4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     60030 | PA      | $60618.30     | 0.02%             | 2037-01-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Corp Trust 2025-NQM6    | GS Mortgage-Backed Securities Corp Trust 2025-NQM6, Series 2025-NQM6, Class A1 | CUSIP: 362933AA1<br>LEI: 254900X1ABPQ6D4G6D07 | Long             | ABS-MBS          | CORP              | US        |   3033268 | PA      | $3024335.52   | 0.95%             | 2066-02-25      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| Fannie Mae ACES                                       | Fannie Mae ACES, Series 2019-M5, Class A2                                      | CUSIP: 3136B4KB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |   4406467 | PA      | $4310160.82   | 1.36%             | 2029-02-25      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                   | U.S. Treasury Notes                                                            | CUSIP: 91282CKZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $5034765.60   | 1.59%             | 2027-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31388HCW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     35156 | PA      | $36935.64     | 0.01%             | 2031-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36213HF46<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      4249 | PA      | $4378.27      | 0.00%             | 2031-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3133KQDB9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4553346 | PA      | $4665717.45   | 1.47%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STRIPS                                    | Freddie Mac STRIPS                                                             | CUSIP: 31351DDT5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    406218 | PA      | $401420.21    | 0.13%             | 2037-10-15      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association, TBA                                  | CUSIP: 21H042646<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   7500000 | PA      | $7246602.45   | 2.28%             | 2056-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31409YBF3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     46778 | PA      | $47662.85     | 0.02%             | 2036-08-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                             | U.S. Treasury Notes/Bonds                                                      | CUSIP: 91282CLL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9800000 | PA      | $9737027.36   | 3.07%             | 2027-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31371M5N3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     12363 | PA      | $12976.20     | 0.00%             | 2037-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                   | U.S. Treasury 10 Year Notes Future                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       252 | NC      | $-460291.10   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae REMICs                                     | Fannie Mae REMICs                                                              | CUSIP: 31395DRG6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    493810 | PA      | $488665.73    | 0.15%             | 2036-05-25      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31293WQG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       525 | PA      | $535.99       | 0.00%             | 2029-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36291JSP6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     19595 | PA      | $19920.73     | 0.01%             | 2029-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31371MVB0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1185 | PA      | $1225.45      | 0.00%             | 2026-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36208ETC7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     12187 | PA      | $12227.63     | 0.00%             | 2027-10-20      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                   | GS Mortgage-Backed Securities Trust, Series 2025-HE2, Class M1                 | CUSIP: 362934AB7<br>LEI: 254900J0PZAB9KZBPX66 | Long             | ABS-MBS          | CORP              | US        |    810000 | PA      | $813175.52    | 0.26%             | 2065-12-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31384VL75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3411 | PA      | $3481.11      | 0.00%             | 2029-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                   | U.S. Treasury Notes                                                            | CUSIP: 9128282A7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7450000 | PA      | $7387120.58   | 2.33%             | 2026-08-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36213DG44<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        59 | PA      | $60.10        | 0.00%             | 2031-08-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31292HRM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     20509 | PA      | $21335.83     | 0.01%             | 2032-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31400DWF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        44 | PA      | $46.37        | 0.00%             | 2033-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association, ARM                                     | CUSIP: 31407UMP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    247425 | PA      | $255384.83    | 0.08%             | 2034-10-01      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36225BWB0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      5229 | PA      | $5357.76      | 0.00%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                   | Bank of Nova Scotia                                                            | CUSIP: 06418NNE8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   4400000 | PA      | $4409152.00   | 1.39%             | 2027-02-24      | Floating      | 3.93%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                    | Freddie Mac REMICs                                                             | CUSIP: 31396FWG4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    322822 | PA      | $321715.91    | 0.10%             | 2035-12-15      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36201J2T5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1722 | PA      | $1791.92      | 0.00%             | 2032-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Bills                                   | U.S. Treasury Bills                                                            | CUSIP: 912797QN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4218000 | PA      | $4199700.31   | 1.32%             | 2026-05-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31371M7G6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7035 | PA      | $7451.01      | 0.00%             | 2036-12-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36213NEZ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       370 | PA      | $390.85       | 0.00%             | 2031-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 3140QCM94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3293605 | PA      | $3125926.66   | 0.98%             | 2034-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3133BWWF6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4169188 | PA      | $4234115.14   | 1.33%             | 2053-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31391BB71<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1948 | PA      | $2015.01      | 0.00%             | 2032-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3128M7S49<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4510 | PA      | $4710.94      | 0.00%             | 2032-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3128M7SU1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      9456 | PA      | $9835.93      | 0.00%             | 2035-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31389R7K6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6158 | PA      | $6358.65      | 0.00%             | 2031-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36213FF57<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        92 | PA      | $93.48        | 0.00%             | 2032-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36208QRR9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       930 | PA      | $940.64       | 0.00%             | 2028-08-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 312938Z48<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    259281 | PA      | $257062.78    | 0.08%             | 2040-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31418MJQ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11382 | PA      | $11884.48     | 0.00%             | 2033-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                   | U.S. Treasury Notes                                                            | CUSIP: 91282CCH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4500000 | PA      | $4253906.25   | 1.34%             | 2028-06-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                    | Ellington Financial Mortgage Trust, Series 2022-3, Class A1                    | CUSIP: 31573EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    715489 | PA      | $713681.68    | 0.22%             | 2067-08-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3128K6MD9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      2817 | PA      | $2825.95      | 0.00%             | 2031-08-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31298JNR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3234 | PA      | $3256.76      | 0.00%             | 2030-11-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                               | Standard Chartered Bank                                                        | CUSIP: 85325VRU6<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | DBT              | CORP              | GB        |   9000000 | PA      | $9001962.00   | 2.84%             | 2026-07-24      | Floating      | 3.96%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36202DLW9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      2388 | PA      | $2467.05      | 0.00%             | 2031-02-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31292GWC6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       619 | PA      | $640.50       | 0.00%             | 2028-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36294SGU5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     16560 | PA      | $17249.15     | 0.01%             | 2036-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31298BP21<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     33042 | PA      | $34743.09     | 0.01%             | 2030-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36202SEZ7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     16373 | PA      | $16517.14     | 0.01%             | 2033-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31379TDE1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       873 | PA      | $902.46       | 0.00%             | 2028-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31409ASR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     28180 | PA      | $29611.66     | 0.01%             | 2036-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                    | Freddie Mac REMICs                                                             | CUSIP: 31396JKN4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    157829 | PA      | $156727.97    | 0.05%             | 2036-03-15      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31391WT35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    118682 | PA      | $122729.79    | 0.04%             | 2032-08-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36201KDP8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1671 | PA      | $1697.53      | 0.00%             | 2033-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36213KAA0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     35488 | PA      | $36306.00     | 0.01%             | 2031-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                    | Freddie Mac REMICs                                                             | CUSIP: 3137BKJ84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    214992 | PA      | $214310.43    | 0.07%             | 2044-09-15      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36201Q3C5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       274 | PA      | $277.91       | 0.00%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31388KLR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       265 | PA      | $274.56       | 0.00%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                      | SMB Private Education Loan Trust, Series 2021-D, Class A1A                     | CUSIP: 78449MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    820284 | PA      | $777210.17    | 0.24%             | 2053-03-17      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31406PC72<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     64017 | PA      | $66222.17     | 0.02%             | 2035-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36202DJ85<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1500 | PA      | $1561.94      | 0.00%             | 2030-10-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 3140NDSH1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2644653 | PA      | $2636938.49   | 0.83%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                   | U.S. Treasury Notes                                                            | CUSIP: 9128283W8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1900000 | PA      | $1863855.46   | 0.59%             | 2028-02-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31418SK32<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    185523 | PA      | $189607.45    | 0.06%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                    | Freddie Mac REMICs                                                             | CUSIP: 3137A06D2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    546222 | PA      | $539759.04    | 0.17%             | 2036-11-15      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31384WNM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       574 | PA      | $595.40       | 0.00%             | 2031-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 3140K9ND7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1722751 | PA      | $1543317.13   | 0.49%             | 2050-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                      | Bank of Montreal                                                               | CUSIP: 06373LEH8<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   8000000 | PA      | $8001336.00   | 2.52%             | 2027-02-17      | Floating      | 4.02%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                   | U.S. Treasury Notes                                                            | CUSIP: 912828ZB9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9159000 | PA      | $8945762.09   | 2.82%             | 2027-02-28      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31402CKC5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21695 | PA      | $22069.42     | 0.01%             | 2033-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                              | Angel Oak Mortgage Trust, Series 2025-HB1, Class A1                            | CUSIP: 034936AA2<br>LEI: 254900ZFKOWCY24MSQ94 | Long             | ABS-MBS          | CORP              | US        |    436599 | PA      | $438546.98    | 0.14%             | 2055-02-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                    | Uniform Mortgage-Backed Securities, TBA                                        | CUSIP: 01F030645<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1705000 | PA      | $1497828.77   | 0.47%             | 2056-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36290UZB5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     25617 | PA      | $26548.50     | 0.01%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36212DTT6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     79937 | PA      | $81615.99     | 0.03%             | 2032-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3142GQTE2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1890618 | PA      | $1934827.00   | 0.61%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                    | Freddie Mac REMICs                                                             | CUSIP: 3137AMK30<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    966279 | PA      | $958609.63    | 0.30%             | 2042-02-15      | Floating      | 4.24%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31409X5C9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11731 | PA      | $11947.59     | 0.00%             | 2036-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36291SDF4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      4010 | PA      | $4024.15      | 0.00%             | 2027-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 3617LEKR4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2667843 | PA      | $2384788.31   | 0.75%             | 2049-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36200ABK4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        55 | PA      | $58.04        | 0.00%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31402RJ42<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6231 | PA      | $6299.03      | 0.00%             | 2031-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36290VQB3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     14856 | PA      | $14975.82     | 0.00%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                     | Fannie Mae REMICs                                                              | CUSIP: 3136A5QP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     86614 | PA      | $86514.85     | 0.03%             | 2041-05-25      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3128M8FR0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    211987 | PA      | $219523.68    | 0.07%             | 2033-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36213EYN0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       598 | PA      | $606.62       | 0.00%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31405MST5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1154 | PA      | $1199.87      | 0.00%             | 2034-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31371KWK3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3116 | PA      | $3295.47      | 0.00%             | 2032-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                    | Uniform Mortgage-Backed Securities, TBA                                        | CUSIP: 01F050445<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6811000 | PA      | $6861798.21   | 2.16%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                    | Uniform Mortgage-Backed Securities, TBA                                        | CUSIP: 01F042442<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  13287000 | PA      | $13193371.03  | 4.16%             | 2041-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass-Through Ctfs. | Freddie Mac Multifamily Structured Pass-Through Ctfs., Series KS11, Class AFX1 | CUSIP: 3137FNAX8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |   2920200 | PA      | $2832941.26   | 0.89%             | 2028-12-25      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                   | U.S. Treasury Notes                                                            | CUSIP: 9128284V9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7500000 | PA      | $7342968.75   | 2.31%             | 2028-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                            | Verus Securitization Trust, Series 2023-INV3, Class A3                         | CUSIP: 92540CAC1<br>LEI: 9845008F97BFO762AF95 | Long             | ABS-MBS          | CORP              | US        |   2635341 | PA      | $2662822.57   | 0.84%             | 2068-11-25      | Variable      | 7.73%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp., ARM                                          | CUSIP: 31300MP56<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    152269 | PA      | $157599.57    | 0.05%             | 2043-06-01      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp., ARM                                          | CUSIP: 3128NHRN5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    110124 | PA      | $112782.42    | 0.04%             | 2036-10-01      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36200KK48<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       771 | PA      | $780.37       | 0.00%             | 2033-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31371M2Y2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11656 | PA      | $12253.87     | 0.00%             | 2036-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                   | U.S. Treasury Ultra Bonds Future                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         4 | NC      | $-11756.28    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31292HQY3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       406 | PA      | $427.29       | 0.00%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36202SDX3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       132 | PA      | $134.78       | 0.00%             | 2033-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31335GQG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        63 | PA      | $63.53        | 0.00%             | 2026-12-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                   | U.S. Treasury 10 Year Ultra Future                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        99 | NC      | $-217893.70   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31403GKH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20670 | PA      | $21375.38     | 0.01%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 38381R6D6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |    247463 | PA      | $230097.52    | 0.07%             | 2049-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31390GZL4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     32490 | PA      | $34138.15     | 0.01%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3128M7P42<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    261880 | PA      | $275448.30    | 0.09%             | 2033-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                   | U.S. Treasury Notes                                                            | CUSIP: 9128286T2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2600000 | PA      | $2489753.92   | 0.78%             | 2029-05-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                   | New Residential Mortgage Loan Trust, Series 2018-4A, Class A1S                 | CUSIP: 64828FCQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    550525 | PA      | $542194.67    | 0.17%             | 2048-01-25      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association, TBA                                  | CUSIP: 21H020642<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  12000000 | PA      | $9915937.44   | 3.12%             | 2056-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 38382DCA5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |   1941734 | PA      | $1733998.79   | 0.55%             | 2049-07-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 3617LELS1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1646349 | PA      | $1465625.10   | 0.46%             | 2049-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31287SAH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1282 | PA      | $1347.99      | 0.00%             | 2032-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate Mortgage Trust           | Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-10, Class 12A1        | CUSIP: 07384M3Y6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    149527 | PA      | $146064.69    | 0.05%             | 2035-01-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36202U6T5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      5706 | PA      | $5760.99      | 0.00%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3128MJDG2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    104804 | PA      | $109634.16    | 0.03%             | 2035-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36201SYW3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       391 | PA      | $394.47       | 0.00%             | 2032-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3133A0D27<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2002185 | PA      | $1791683.24   | 0.56%             | 2049-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                             | U.S. Treasury Notes/Bonds                                                      | CUSIP: 91282CNV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9800000 | PA      | $9771863.32   | 3.08%             | 2027-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36225BMN5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      3479 | PA      | $3555.03      | 0.00%             | 2029-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Bank                                                  | Bank, Series 2017-BNK5, Class AS                                               | CUSIP: 06541WBA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1800000 | PA      | $1764319.68   | 0.56%             | 2060-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36213Y3T7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      9588 | PA      | $9792.95      | 0.00%             | 2031-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3133G8PE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2393599 | PA      | $2277783.09   | 0.72%             | 2035-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31390KTA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     16356 | PA      | $16681.02     | 0.01%             | 2032-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31391WT43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    157977 | PA      | $164833.61    | 0.05%             | 2032-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                     | Fannie Mae REMICs                                                              | CUSIP: 3136AA2X2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    127731 | PA      | $126134.12    | 0.04%             | 2028-01-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers VII Ltd.                  | Textainer Marine Containers VII Ltd., Series 2020-3A, Class A                  | CUSIP: 88315LAJ7<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |   1246752 | PA      | $1196049.54   | 0.38%             | 2045-09-20      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31406KEV8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1660 | PA      | $1744.19      | 0.00%             | 2035-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36201YUX2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     59296 | PA      | $59638.65     | 0.02%             | 2033-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                     | Fannie Mae REMICs                                                              | CUSIP: 3136A4BW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    325963 | PA      | $324847.24    | 0.10%             | 2041-11-25      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36202TCF1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      8030 | PA      | $8219.72      | 0.00%             | 2029-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31335PKW4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     21180 | PA      | $21455.37     | 0.01%             | 2032-07-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36212SUR5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       195 | PA      | $201.17       | 0.00%             | 2031-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31383HX66<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        40 | PA      | $41.59        | 0.00%             | 2029-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31403DVZ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         9 | PA      | $9.04         | 0.00%             | 2036-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31383XL80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    101220 | PA      | $103510.65    | 0.03%             | 2029-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 3617MKMA4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1768993 | PA      | $1624580.80   | 0.51%             | 2050-06-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31283H2G9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     22319 | PA      | $22746.07     | 0.01%             | 2032-11-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31389SRN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8074 | PA      | $8481.56      | 0.00%             | 2032-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                   | U.S. Treasury Notes                                                            | CUSIP: 912828YB0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    400000 | PA      | $372304.69    | 0.12%             | 2029-08-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp., ARM                                          | CUSIP: 31347AKK9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     97531 | PA      | $100709.44    | 0.03%             | 2038-07-01      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                    | Freddie Mac REMICs                                                             | CUSIP: 31398KNS5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    167547 | PA      | $168911.21    | 0.05%             | 2039-11-15      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31386GYD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1478 | PA      | $1479.01      | 0.00%             | 2029-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FRESB Mortgage Trust                                  | FRESB Mortgage Trust, Series 2019-SB63, Class A5                               | CUSIP: 30298BAE3<br>LEI: N/A                  | Long             | ABS-APCP         | USGSE             | US        |   2012273 | PA      | $2002146.28   | 0.63%             | 2039-02-25      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                   | GS Mortgage-Backed Securities Trust, Series 2025-PJ4, Class A4                 | CUSIP: 36271WAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1084109 | PA      | $1089087.30   | 0.34%             | 2055-09-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3128MJA34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     12597 | PA      | $13247.52     | 0.00%             | 2034-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31407NHJ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     58809 | PA      | $60347.32     | 0.02%             | 2035-08-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31376KAR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        39 | PA      | $39.50        | 0.00%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31405G2U3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     16312 | PA      | $16563.91     | 0.01%             | 2032-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31407JAN2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     86249 | PA      | $89084.20     | 0.03%             | 2036-08-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31335PJ89<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1371 | PA      | $1374.06      | 0.00%             | 2027-05-20      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132GGF34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    445983 | PA      | $441486.73    | 0.14%             | 2041-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31287QAK7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     32481 | PA      | $33280.46     | 0.01%             | 2032-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 38376CJ26<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |    239785 | PA      | $240750.60    | 0.08%             | 2039-09-16      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                    | Freddie Mac REMICs                                                             | CUSIP: 3137AAV34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     85077 | PA      | $85027.23     | 0.03%             | 2040-03-15      | Floating      | 4.24%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association, TBA                                  | CUSIP: 21H022648<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   7620000 | PA      | $6556771.88   | 2.07%             | 2056-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                   | U.S. Treasury Notes                                                            | CUSIP: 9128283F5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2900000 | PA      | $2828292.98   | 0.89%             | 2027-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36200XFC8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       247 | PA      | $249.63       | 0.00%             | 2031-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31406TQU8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     83989 | PA      | $86716.31     | 0.03%             | 2035-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                   | U.S. Treasury Notes                                                            | CUSIP: 912828ZV5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1900000 | PA      | $1824148.43   | 0.57%             | 2027-06-30      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31403DUJ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     66444 | PA      | $69726.94     | 0.02%             | 2036-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Cross 2026-NQM3 Mortgage Trust                        | Cross 2026-NQM3 Mortgage Trust, Series 2026-NQM3, Class A3                     | CUSIP: 227925AG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2989658.40   | 0.94%             | 2071-03-25      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 3140XMPT7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2169752 | PA      | $2240916.25   | 0.71%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36201MNR9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      4327 | PA      | $4396.71      | 0.00%             | 2032-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36202SZQ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     23080 | PA      | $23408.41     | 0.01%             | 2029-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36213AMH4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     37022 | PA      | $37587.68     | 0.01%             | 2032-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 3140KEMQ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2039787 | PA      | $1898356.20   | 0.60%             | 2035-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31403UVR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     91127 | PA      | $94253.91     | 0.03%             | 2034-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36207JYX5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      5561 | PA      | $5606.20      | 0.00%             | 2028-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31292HJ88<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        95 | PA      | $96.07        | 0.00%             | 2031-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                   | U.S. Treasury 2 Year Notes Future                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       228 | NC      | $-338783.83   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Treasury Notes                                   | U.S. Treasury Notes                                                            | CUSIP: 91282CCJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1985950.70   | 0.63%             | 2026-06-30      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3133G6XH3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1118147 | PA      | $1059936.98   | 0.33%             | 2034-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36213FLD3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     19223 | PA      | $19823.00     | 0.01%             | 2033-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36210Q5T5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       627 | PA      | $639.81       | 0.00%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31297DX86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     69954 | PA      | $71828.69     | 0.02%             | 2034-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36208VUH6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        66 | PA      | $66.78        | 0.00%             | 2027-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31387VJZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4990 | PA      | $5069.78      | 0.00%             | 2031-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association, ARM                                     | CUSIP: 3140F4PY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    123279 | PA      | $126760.05    | 0.04%             | 2044-05-01      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 38378HSF4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |      7464 | PA      | $7395.89      | 0.00%             | 2042-01-20      | Floating      | 4.04%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                    | Freddie Mac REMICs                                                             | CUSIP: 31397HZX9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    469408 | PA      | $465284.22    | 0.15%             | 2037-06-15      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36225AWR7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |         3 | PA      | $2.91         | 0.00%             | 2027-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36201ASW9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       220 | PA      | $221.54       | 0.00%             | 2032-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36202DMC2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      3160 | PA      | $3275.27      | 0.00%             | 2031-03-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36200QSM7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       214 | PA      | $217.79       | 0.00%             | 2032-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36213UBD1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       609 | PA      | $616.64       | 0.00%             | 2031-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers VII Ltd.                  | Textainer Marine Containers VII Ltd., Series 2021-2A, Class B                  | CUSIP: 88315LAR9<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |   2426667 | PA      | $2271759.45   | 0.72%             | 2046-04-20      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31385PXK5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8917 | PA      | $9079.40      | 0.00%             | 2030-09-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 3135G05Y5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |   6000000 | PA      | $5730701.58   | 1.81%             | 2027-10-08      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 3140QLM52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    543390 | PA      | $463718.93    | 0.15%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31404KXF4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1276 | PA      | $1320.07      | 0.00%             | 2034-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36202THG4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     17726 | PA      | $17932.98     | 0.01%             | 2027-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                    | Uniform Mortgage-Backed Securities, TBA                                        | CUSIP: 01F020646<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |  -1440000 | PA      | $-1160212.49  | -0.37%            | 2056-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 3140XMBJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2451409 | PA      | $2542043.04   | 0.80%             | 2053-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31389PGT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7983 | PA      | $8385.35      | 0.00%             | 2032-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3133L7GP6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1385587 | PA      | $1313274.81   | 0.41%             | 2034-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Credit Industriel et Commercial                       | Credit Industriel et Commercial                                                | CUSIP: 22536WMV5<br>LEI: N4JDFKKH2FTD8RKFXO39 | Long             | DBT              | CORP              | FR        |   4000000 | PA      | $4002576.00   | 1.26%             | 2026-08-20      | Floating      | 3.96%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                     | Fannie Mae REMICs                                                              | CUSIP: 31392BZJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    114876 | PA      | $120067.25    | 0.04%             | 2032-03-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36202EFS3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     37891 | PA      | $39029.82     | 0.01%             | 2035-10-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36201KAR7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       966 | PA      | $990.60       | 0.00%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31412PXH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    386368 | PA      | $382584.94    | 0.12%             | 2039-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                 | Westpac Banking Corp.                                                          | CUSIP: 9612CABG1<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   6000000 | PA      | $5995207.80   | 1.89%             | 2027-02-23      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp., ARM                                          | CUSIP: 3128LU4Z6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     13608 | PA      | $14015.87     | 0.00%             | 2038-01-01      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Bonds                                   | U.S. Treasury Bonds                                                            | CUSIP: 912810FP8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3200000 | PA      | $3401624.99   | 1.07%             | 2031-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corp.                          | Chase Mortgage Finance Corp., Series 2016-SH1, Class M3                        | CUSIP: 16163YAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    585863 | PA      | $543551.46    | 0.17%             | 2045-04-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 3138M47C0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     89685 | PA      | $88904.97     | 0.03%             | 2027-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31376UVC5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        57 | PA      | $57.11        | 0.00%             | 2026-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3128MJAZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     23183 | PA      | $24052.83     | 0.01%             | 2034-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36179MQH6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    351548 | PA      | $320520.82    | 0.10%             | 2042-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36225BYP7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     33370 | PA      | $34476.17     | 0.01%             | 2032-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                     | Fannie Mae REMICs                                                              | CUSIP: 31397NL45<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    617405 | PA      | $640414.96    | 0.20%             | 2039-06-25      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31388NEG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       171 | PA      | $180.60       | 0.00%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                             | U.S. Treasury Notes/Bonds                                                      | CUSIP: 91282CPQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9800000 | PA      | $9658933.61   | 3.04%             | 2032-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36200AN70<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       161 | PA      | $162.78       | 0.00%             | 2032-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Invesco Government & Agency Portfolio                 | Invesco Government & Agency Portfolio, Institutional Class                     | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |   2769291 | NS      | $2769290.76   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 38381TJF3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |   1117158 | PA      | $1029087.88   | 0.32%             | 2048-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36213LLB4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       390 | PA      | $401.66       | 0.00%             | 2031-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31411EUN5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        11 | PA      | $11.95        | 0.00%             | 2037-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31391ANA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       528 | PA      | $546.36       | 0.00%             | 2031-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31371KAE1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1842 | PA      | $1873.96      | 0.00%             | 2031-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                     | Fannie Mae REMICs                                                              | CUSIP: 3136AKWD1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    393723 | PA      | $384785.79    | 0.12%             | 2044-08-25      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36201MZ21<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       258 | PA      | $265.12       | 0.00%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36213DG51<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        59 | PA      | $60.03        | 0.00%             | 2031-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                           | Toronto-Dominion Bank (The)                                                    | CUSIP: 89120FBN3<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   4000000 | PA      | $4000240.00   | 1.26%             | 2026-04-10      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31412LQS2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11876 | PA      | $12108.91     | 0.00%             | 2027-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31411HUP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        37 | PA      | $38.97        | 0.00%             | 2037-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36201FBE6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1379 | PA      | $1439.01      | 0.00%             | 2033-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                   | U.S. Treasury 5 Year Notes Future                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       737 | NC      | $-1014494.50  | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31297D6Y9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     20657 | PA      | $21387.34     | 0.01%             | 2034-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust 2026-1 | Morgan Stanley Residential Mortgage Loan Trust 2026-1, Series 2026-1, Class A3 | CUSIP: 617956AC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3001556.70   | 0.95%             | 2056-04-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36201M3D2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        62 | PA      | $65.50        | 0.00%             | 2032-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                    | Uniform Mortgage-Backed Securities, TBA                                        | CUSIP: 01F022444<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |  -6789000 | PA      | $-6415291.35  | -2.02%            | 2041-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31404JAZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     85569 | PA      | $85432.86     | 0.03%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31371KLV1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       271 | PA      | $284.59       | 0.00%             | 2032-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 3140Y7R83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2941759 | PA      | $3020501.21   | 0.95%             | 2055-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36225BMX3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1255 | PA      | $1289.21      | 0.00%             | 2031-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 38379C2M7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |    495637 | PA      | $507437.32    | 0.16%             | 2041-09-20      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp., ARM                                          | CUSIP: 31300LWG6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    516291 | PA      | $535691.59    | 0.17%             | 2036-07-01      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36213Y4A7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      3184 | PA      | $3240.55      | 0.00%             | 2031-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                   | U.S. Treasury Long Bond Future                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       -95 | NC      | $351631.58    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31371FXT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        53 | PA      | $53.22        | 0.00%             | 2027-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31287TPP4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       108 | PA      | $113.64       | 0.00%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31371J7A6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       243 | PA      | $251.42       | 0.00%             | 2031-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                   | GS Mortgage-Backed Securities Trust, Series 2025-HE1, Class A1                 | CUSIP: 36272NAA2<br>LEI: 254900RIVK2GCJ08H839 | Long             | ABS-MBS          | CORP              | US        |    980867 | PA      | $982775.25    | 0.31%             | 2055-10-25      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31385HUT7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       116 | PA      | $121.61       | 0.00%             | 2031-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3133G6VJ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    871914 | PA      | $825179.39    | 0.26%             | 2034-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36213J7F6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     59391 | PA      | $60980.87     | 0.02%             | 2031-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp., ARM                                          | CUSIP: 31326MNX7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    521675 | PA      | $541158.25    | 0.17%             | 2048-01-01      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132DMJA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2735116 | PA      | $2406155.04   | 0.76%             | 2050-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36292ASE9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     68701 | PA      | $69816.79     | 0.02%             | 2036-10-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 3617MKLS6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1579374 | PA      | $1467062.68   | 0.46%             | 2050-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31413FJE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1454 | PA      | $1455.93      | 0.00%             | 2037-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3128LXUG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      8241 | PA      | $8464.94      | 0.00%             | 2035-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31418MJP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     16321 | PA      | $16998.30     | 0.01%             | 2037-08-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHNGE Mortgage Trust                                  | CHNGE Mortgage Trust, Series 2023-3, Class A1                                  | CUSIP: 17030AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    816394 | PA      | $817024.98    | 0.26%             | 2058-07-25      | Variable      | 7.10%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36225BWT1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |         4 | PA      | $4.07         | 0.00%             | 2032-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31371JFY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       196 | PA      | $200.72       | 0.00%             | 2030-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                     | Fannie Mae REMICs                                                              | CUSIP: 31398NHW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    333013 | PA      | $327842.98    | 0.10%             | 2040-07-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31418MJT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13204 | PA      | $13701.83     | 0.00%             | 2032-10-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31371FMY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        25 | PA      | $24.92        | 0.00%             | 2026-09-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                     | Fannie Mae REMICs                                                              | CUSIP: 31394FN92<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     19541 | PA      | $19997.66     | 0.01%             | 2035-10-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132DQMQ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2176899 | PA      | $2210138.32   | 0.70%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31296UE23<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7464 | PA      | $7620.35      | 0.00%             | 2034-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31413YTV3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       123 | PA      | $128.46       | 0.00%             | 2037-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31298GCK4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4730 | PA      | $4973.73      | 0.00%             | 2030-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31386Q2B6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     55429 | PA      | $58089.50     | 0.02%             | 2030-11-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31403DJA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     16330 | PA      | $16513.87     | 0.01%             | 2034-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp., ARM                                          | CUSIP: 31300LV85<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    499336 | PA      | $515577.09    | 0.16%             | 2035-09-01      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 3140JGLN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    949520 | PA      | $909847.37    | 0.29%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31384VNL2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     76404 | PA      | $79473.30     | 0.03%             | 2030-01-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31307TDP3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    984071 | PA      | $957627.18    | 0.30%             | 2032-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31405S4M3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13403 | PA      | $14078.95     | 0.00%             | 2032-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                  | Royal Bank of Canada                                                           | CUSIP: 78015JJL2<br>LEI: 549300HXQQQCCUBS2Z23 | Long             | DBT              | CORP              | CA        |   9000000 | PA      | $9004146.30   | 2.84%             | 2026-07-09      | Floating      | 3.96%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3128M7S56<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5939 | PA      | $6227.17      | 0.00%             | 2031-08-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31416SNY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     88047 | PA      | $93181.43     | 0.03%             | 2037-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31386L4T6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10489 | PA      | $10582.27     | 0.00%             | 2030-08-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                | UBS AG                                                                         | CUSIP: 90276JYK6<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | GB        |   9000000 | PA      | $9002579.85   | 2.84%             | 2026-05-15      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31298TWA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       904 | PA      | $936.19       | 0.00%             | 2031-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36200KKW6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       673 | PA      | $704.56       | 0.00%             | 2033-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31374F5L9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       363 | PA      | $363.16       | 0.00%             | 2026-12-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31287RN62<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6925 | PA      | $7171.17      | 0.00%             | 2031-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132GGGS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    259104 | PA      | $256030.75    | 0.08%             | 2041-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36202SA81<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1985 | PA      | $2002.99      | 0.00%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31371H6S2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        51 | PA      | $52.70        | 0.00%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 38377DSY3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |    196866 | PA      | $200028.93    | 0.06%             | 2034-08-20      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| N/A                                                   | CME Group Inc.                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         1 | NC      | $11919.37     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31389GSH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     18667 | PA      | $19612.38     | 0.01%             | 2032-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 3140Q7A72<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    865377 | PA      | $840955.35    | 0.26%             | 2032-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 3140L3GC9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3563522 | PA      | $2885725.61   | 0.91%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36202DLG4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1439 | PA      | $1508.26      | 0.00%             | 2031-01-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                             | U.S. Treasury Notes/Bonds                                                      | CUSIP: 91282CNX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9790000 | PA      | $9670875.57   | 3.05%             | 2030-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36201PKP9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     11004 | PA      | $11163.74     | 0.00%             | 2032-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 31404LTJ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2859 | PA      | $2957.50      | 0.00%             | 2034-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 3138ALLV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    704587 | PA      | $695030.77    | 0.22%             | 2041-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association, TBA                                  | CUSIP: 21H052645<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6985000 | PA      | $7030577.06   | 2.21%             | 2056-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | Federal National Mortgage Association                                          | CUSIP: 3140QACL2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    763522 | PA      | $731581.88    | 0.23%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | Government National Mortgage Association                                       | CUSIP: 36212CSW2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     17528 | PA      | $17999.21     | 0.01%             | 2031-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                    | Uniform Mortgage-Backed Securities, TBA                                        | CUSIP: 01F022642<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3163000 | PA      | $2659885.31   | 0.84%             | 2056-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** AIM Variable Insurance Funds (Invesco Variable Insurance Funds)

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer