# EDGAR Filing Document

**Accession Number:** 0001719812
**File Stem:** 0001752724-25-210960
**Filing Date:** 2025-8
**Character Count:** 82142
**Document Hash:** 828977e06f1e9da26d2656bec81d8274
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210960.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210960

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Collaborative Investment Series Trust
- **CENTRAL INDEX KEY:** 0001719812

**ORGANIZATION NAME:**
- **EIN:** 826635713
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23306
- **FILM NUMBER:** 251269857

**BUSINESS ADDRESS:**
- **STREET 1:** 500 DAMONTE RANCH
- **STREET 2:** PARKWAY BUILDING 700, UNIT 700
- **CITY:** RENO
- **STATE:** NV
- **ZIP:** 89521
- **BUSINESS PHONE:** 2036226000

**MAIL ADDRESS:**
- **STREET 1:** 500 DAMONTE RANCH
- **STREET 2:** PARKWAY BUILDING 700, UNIT 700
- **CITY:** RENO
- **STATE:** NV
- **ZIP:** 89521

## Series and Classes Contracts Data

### Rareview Total Return Bond ETF (Series ID: S000085236)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000250203 | Rareview Total Return Bond ETF | RTRE            |

## Nport-Ex

---

| | |
|:---|:---|
| Portfolio of Investments | June 30, 2025 (Unaudited) |
| **Rareview Dynamic Fixed Income ETF** |  |

---

---

| | | |
|:---|:---|:---|
| ***Shares*** | | ***Fair Value ($)*** |
| **Closed-End Funds — 83.7%** | **Closed-End Funds — 83.7%** |  |
| 133755 | Aberdeen Asia-Pacific Income Fund, Inc. | 2129380 |
| 328272 | Allspring Income Opportunities Fund | 2317600 |
| 120256 | Allspring Multi-Sector Income Fund | 1136419 |
| 55308 | BlackRock Core Bond Trust | 537594 |
| 157854 | BlackRock Credit Allocation Income Trust | 1723766 |
| 122082 | BlackRock Municipal Income Trust | 1170766 |
| 111533 | BlackRock Municipal Income Trust II | 1119791 |
| 126125 | BlackRock MuniHoldings Fund, Inc. | 1412600 |
| 97080 | BlackRock MuniYield Fund, Inc. | 974683 |
| 25965 | BrandywineGLOBAL Global Income Opportunities Fund, Inc. | 215769 |
| 154482 | Brookfield Real Assets Income Fund, Inc. | 2065424 |
| 87800 | Cohen & Steers Limited Duration Preferred and Income Fund, Inc. | 1842044 |
| 97504 | First Trust Intermediate Duration Preferred & Income Fund | 1835025 |
| 166786 | Franklin Ltd Duration Income Trust | 1070766 |
| 114679 | Invesco Municipal Opportunity Trust | 1052753 |
| 75931 | Invesco Municipal Trust | 694769 |
| 93967 | Invesco Quality Municipal Income Trust | 881411 |
| 169975 | KKR Income Opportunities Fund | 2134886 |
| 614324 | Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. | 3145339 |
| 67315 | Neuberger Berman Municipal Fund, Inc. | 661706 |
| 44204 | Nuveen AMT-Free Municipal Credit Income Fund | 527354 |
| 94883 | Nuveen AMT-Free Quality Municipal Income Fund | 1036122 |
| 101642 | Nuveen Quality Municipal Income Fund | 1147538 |
| 42966 | Nuveen Variable Rate Preferred & Income Fund | 828385 |
| 45426 | PGIM Short Duration High Yield Opportunities Fund | 764974 |
| 45130 | PIMCO Dynamic Income Strategy Fund | 1112455 |
| 379951 | Templeton Emerging Markets Income Fund | 2279706 |
| 332197 | Western Asset Emerging Markets Debt Fund, Inc. | 3338580 |
| 42545 | Western Asset Global High Income Fund, Inc. | 278244 |
| 377581 | Western Asset High Income Fund II, Inc. | 1619823 |
| 100507 | Western Asset Managed Municipals Fund, Inc. | 995019 |
| **Total Closed-End Funds (Cost $41,513,298)** | **Total Closed-End Funds (Cost $41,513,298)** | **42050691** |
| **Common Stock — 1.2%** | **Common Stock — 1.2%** |  |
| **Financials — 1.2%** | **Financials — 1.2%** |  |
| 66143 | AGNC Investment Corp. | 607854 |
| **Total Common Stock (Cost $629,503)** | **Total Common Stock (Cost $629,503)** | **607854** |
| **Exchange-Traded Funds — 11.3%** | **Exchange-Traded Funds — 11.3%** |  |
| 59257 | Angel Oak Income ETF | 1232545 |
| 44841 | SPDR Bloomberg 3-12 Month T-Bill ETF | 4458541 |
| **Total Exchange-Traded Funds (Cost $5,668,291)** | **Total Exchange-Traded Funds (Cost $5,668,291)** | **5691086** |
| **Purchased Options Contracts — 0.5%<sup>(a)</sup>** | **Purchased Options Contracts — 0.5%<sup>(a)</sup>** |  |
| **Total Purchased Options Contracts (Cost $185,665)** | **Total Purchased Options Contracts (Cost $185,665)** | **250250** |
| **Total Investments — 96.7% (Cost $47,996,757)** | **Total Investments — 96.7% (Cost $47,996,757)** | **48599881** |
| **Other Assets in Excess of Liabilities — 3.3%** | **Other Assets in Excess of Liabilities — 3.3%** | **1666931** |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | **50266812** |

---

(a) See
Purchased Options Contracts

AMT — Alternative Minimum Tax

ETF — Exchange-Traded Fund

PIMCO — Pacific Investment Management Company

SPDR — Standard & Poor's Depositary Receipts

---

| | |
|:---|:---|
| Portfolio of Investments (continued) | June 30, 2025 (Unaudited) |
| **Rareview Dynamic Fixed Income ETF** |  |

---

**Written Options Contacts** 

Exchange-traded options on future contracts written as of June 30, 2025 were as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Put/Call** | **Number of Contracts** | **Notional <br> Amount<br> (000)($)<sup>(a)</sup>** | **Premiums<br> Received ($)** | **Strike<br> Price ($)** | **Expiration Date** | **Value ($)** |
| 3 Month SOFR Options | Call | 715 | 171488 | 84698 | 96.31 | 9/12/25 | (75969) |
| **(Total Premiums Received $84,698)** | **(Total Premiums Received $84,698)** |  |  |  |  |  | (75969) |

---

**Purchased Options Contracts** 

Exchange-traded options on futures contracts purchased as of June 30, 2025 were as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Put/Call** | **Number of Contracts** | **Notional** <br> **Amount**<br> **(000)($)<sup>(a)</sup>** | **Cost ($)** | **Strike<br> Price ($)** | **Expiration Date** | **Value ($)** |
| 3 Month SOFR Options | Call | 715 | 172159 | 185665 | 95.94 | 9/12/25 | 250250 |
| **(Total Cost $185,665)** |  |  |  |  |  |  | 250250 |

---

(a) Notional
amount is expressed as the number of contracts multiplied by contract size multiplied by the strike price of the underlying asset.

---

| | |
|:---|:---|
| Portfolio of Investments | June 30, 2025 (Unaudited) |
| **Rareview Tax Advantaged Income ETF** |  |

---

---

| | | |
|:---|:---|:---|
| ***Shares*** | | ***Fair Value ($)*** |
| **Closed-End Funds — 97.7%** | **Closed-End Funds — 97.7%** |  |
| 196200 | BlackRock Municipal Income Trust | 1881558 |
| 156869 | BlackRock Municipal Income Trust II | 1574965 |
| 172989 | BlackRock MuniHoldings Fund, Inc. | 1937477 |
| 99336 | BlackRock MuniYield Fund, Inc. | 997333 |
| 139269 | Invesco Municipal Opportunity Trust | 1278489 |
| 154022 | Invesco Municipal Trust | 1409301 |
| 156924 | Invesco Quality Municipal Income Trust | 1471947 |
| 89909 | Neuberger Berman Municipal Fund, Inc. | 883805 |
| 54734 | Nuveen AMT-Free Municipal Credit Income Fund | 652977 |
| 109003 | Nuveen AMT-Free Quality Municipal Income Fund | 1190313 |
| 158483 | Nuveen Quality Municipal Income Fund | 1789273 |
| 187264 | Western Asset Managed Municipals Fund, Inc. | 1853914 |
| **Total Closed-End Funds (Cost $17,709,739)** | **Total Closed-End Funds (Cost $17,709,739)** | **16921352** |
| **Purchased Options Contracts — 0.5%<sup>(a)</sup>** | **Purchased Options Contracts — 0.5%<sup>(a)</sup>** |  |
| **Total Purchased Options Contracts (Cost $64,374)** | **Total Purchased Options Contracts (Cost $64,374)** | **86800** |
| **Total Investments — 98.2% (Cost $17,774,113)** | **Total Investments — 98.2% (Cost $17,774,113)** | **17008152** |
| **Other Assets in Excess of Liabilities — 1.8%** | **Other Assets in Excess of Liabilities — 1.8%** | **313778** |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | **17321930** |

---

(a) See Purchased Options Contracts

AMT — Alternative Minimum Tax

**Written Options Contacts** 

Exchange-traded options on future contracts written as of June 30, 2025 were as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Put/Call** | **Number of Contracts** | **Notional <br> Amount<br> (000)($)<sup>(a)</sup>** | **Premiums<br> Received ($)** | **Strike<br> Price ($)** | **Expiration Date** | **Value ($)** |
| 3 Month SOFR Options | Call | 248 | 59714 | 29401 | 96.31 | 9/12/25 | (26350) |
| **(Total Premiums Received $29,401) – 0.2%** | **(Total Premiums Received $29,401) – 0.2%** | **(Total Premiums Received $29,401) – 0.2%** |  |  |  |  | (26350) |

---

**Purchased Options Contracts** 

Exchange-traded options on futures contracts purchased as of June 30, 2025 were as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of Contracts** | **Number of Contracts** | **Notional** <br> **Amount**<br> **(000)($)<sup>(a)</sup>** | **Cost ($)** | **Strike<br> Price ($)** | **Expiration Date** | **Value ($)** |
| 3 Month SOFR Options Call |  | 248 | 59481 | 64374 | 95.94 | 9/12/25 | 86800 |
| **(Total Cost $64,374) – 0.5%** | **(Total Cost $64,374) – 0.5%** |  |  |  |  |  | 86800 |

---

(a) Notional amount is expressed as the number of contracts multiplied
by contract size multiplied by the strike price of the underlying asset.

---

| | |
|:---|:---|
| Portfolio of Investments | June 30, 2025 (Unaudited) |
| **Rareview Systematic Equity ETF** |  |

---

---

| | | |
|:---|:---|:---|
| ***Shares*** | | ***Fair Value ($)*** |
| **Exchange-Traded Funds — 156.1%** | **Exchange-Traded Funds — 156.1%** |  |
| 26320 | Invesco QQQ Trust Series 1<sup>(a)</sup> | 14519165 |
| 142193 | SPDR Bloomberg 1-3 Month T-Bill ETF | 13043364 |
| 310735 | Vanguard FTSE Developed Markets ETF<sup>(b)</sup> | 17715002 |
| 143735 | Vanguard FTSE Emerging Markets ETF | 7109133 |
| 44416 | Vanguard S&P 500 ETF<sup>(c)</sup> | 25229621 |
| 30233 | Vanguard Small-Cap ETF | 7164616 |
| **Total Exchange-Traded Funds (Cost $74,463,438)** | **Total Exchange-Traded Funds (Cost $74,463,438)** | **84780901** |
| **Total Investments — 156.1% (Cost $74,463,438)** | **Total Investments — 156.1% (Cost $74,463,438)** | **84780901** |
| **Other Assets in Excess of Liabilities — (56.1%)** | **Other Assets in Excess of Liabilities — (56.1%)** | **(30477122)** |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | **54303779** |

---

(a) As
of June 30, 2025, investment is 26.7% of the Fund's net assets.

(b) As
of June 30, 2025, investment is 32.6% of the Fund's net assets.

(c) As
of June 30, 2025, investment is 46.5% of the Fund's net assets.

ETF — Exchange-Traded Fund

FTSE — Financial Times Stock Exchange

S&P — Standard and Poor's

SPDR — Standard & Poor's Depositary Receipts

---

| | |
|:---|:---|
| Portfolio of Investments | June 30, 2025 (Unaudited) |
| **Rareview Total Return Bond ETF** |  |

---

---

| | | |
|:---|:---|:---|
| ***Face Amount ($)*** | | ***Fair Value ($)*** |
| **Asset-Backed Securities — 1.4%** | **Asset-Backed Securities — 1.4%** |  |
| 60000 | Carmax Auto Owner Trust Series 2022-3 Class C 4.98%, 02/15/2028 | 60148 |
| 91596 | Dell Equipment Finance Trust Series 2023-3 Class A3 5.93%, 04/23/2029 | 92097 |
| 100000 | Ford Credit Auto Owner Trust Series 2024-A Class A3 5.09%, 12/15/2028 | 100976 |
| 75000 | MetroNet Infrastructure Issuer LLC Series 2023-1A Class A2 6.56%, 04/20/2053 | 76779 |
| 215000 | Verizon Master Trust Series 2024-3 Class A1A 5.34%, 04/22/2030 | 219531 |
| **Total Asset-Backed Securities (Cost $545,166)** | **Total Asset-Backed Securities (Cost $545,166)** | **549531** |
| **Collateralized Mortgage Obligations — 7.0%** | **Collateralized Mortgage Obligations — 7.0%** |  |
| 164892 | Angel Oak Mortgage Trust Series 2021-7 Class A1 1.98%, 10/25/2066 | 142068 |
| 136719 | BRAVO Residential Funding Trust Series 2024-NQM4 Class A1A 4.35%, 01/25/2060 | 134486 |
| 16742 | COLT Mortgage Loan Trust Series 2020-2R Class A1 1.33%, 10/26/2065 | 15645 |
| 95849 | COLT Mortgage Loan Trust Series 2021-HX1 Class A1 1.11%, 10/25/2066 | 82258 |
| 71211 | Flagstar Mortgage Trust Series 2021-4 Class A5 2.50%, 06/01/2051 | 63155 |
| 123382 | GCAT Trust Series 2021-NQM5 Class A1 1.26%, 07/25/2066 | 104017 |
| 100957 | GS Mortgage-Backed Securities Trust Series 2021-PJ8 Class A8 2.50%, 01/25/2052 | 89568 |
| 258131 | JPMorgan Mortgage Trust Series 2017-2 Class B5 3.64%, 05/25/2047 | 231535 |
| 187828 | JPMorgan Mortgage Trust Series 2021-4 Class A11 4.97%, 08/25/2051 | 173942 |
| 264305 | JPMorgan Mortgage Trust Series 2021-10 Class A11 5.00%, 12/25/2051 | 247917 |
| 312127 | JPMorgan Mortgage Trust Series 2024-INV1 Class A3 5.50%, 04/25/2055 | 310186 |
| 112583 | Mello Mortgage Capital Acceptance Series 2021-INV2 Class A4 2.50%, 08/25/2051 | 99776 |
| 139951 | New Residential Mortgage Loan Trust Series 2021-INV2 Class A11 5.00%, 09/25/2051 | 130919 |
| 261989 | PRKCM Trust Series 2021-AFC2 Class A1 2.07%, 11/25/2056 | 231985 |
| 69496 | PRMI Securitization Trust Series 2021-1 Class A3B 2.00%, 04/25/2051 | 60159 |
| 83153 | TRK Trust Series 2021-INV2 Class A1 1.97%, 11/25/2056 | 73650 |
| 233569 | Wells Fargo Mortgage Backed Securities Trust Series 2021-1 Class B2 2.70%, 12/25/2050 | 201188 |
| 119912 | Wells Fargo Mortgage Backed Securities Trust Series 2021-2 Class A3 2.50%, 06/25/2051 | 106239 |
| 77507 | Wells Fargo Mortgage Backed Securities Trust Series 2022-2 Class A2 2.50%, 12/25/2051 | 63107 |
| 132985 | Wells Fargo Mortgage Backed Securities Trust Series 2022-INV1 Class A4 3.00%, 03/25/2052 | 120607 |
| **Total Collateralized Mortgage Obligations (Cost $2,657,735)** | **Total Collateralized Mortgage Obligations (Cost $2,657,735)** | **2682407** |
| **Collateralized Mortgage-Backed Securities — 6.3%** | **Collateralized Mortgage-Backed Securities — 6.3%** |  |
| 50000 | BANK Series 2024-BNK47 Class C 6.83%, 06/15/2057 | 51051 |
| 140000 | BANK Series 2019-BN22 Class B 3.41%, 11/15/2062 | 127377 |
| 100000 | BANK Series 2019-BN22 Class A4 2.98%, 11/15/2062 | 93301 |
| 260000 | BANK5 Series 2023-5YR1 Class D 4.00%, 04/15/2056 | 227580 |
| 181673 | BBCMS Mortgage Trust Series 2024-C24 Class A1 5.23%, 02/15/2057 | 183087 |
| 200000 | BBCMS Mortgage Trust Series 2024-5C29 Class A2 4.74%, 09/15/2057 | 200612 |
| 65000 | Benchmark Mortgage Trust Series 2020-B20 Class B 2.53%, 10/15/2053 | 50887 |
| 100000 | Benchmark Mortgage Trust Series 2024-V7 Class AS 6.53%, 05/15/2056 | 104967 |
| 127000 | Benchmark Mortgage Trust Series 2024-V7 Class A3 6.23%, 05/15/2056 | 133753 |
| 240000 | Benchmark Mortgage Trust Series 2024-V5 Class B 6.06%, 01/10/2057 | 244706 |
| 100000 | Benchmark Mortgage Trust Series 2024-V6 Class AS 6.38%, 03/15/2057 | 104466 |
| 100000 | BMO Mortgage Trust Series 2024-C9 Class A2 6.76%, 07/15/2057 | 104835 |
| 96643 | CCUBS Commercial Mortgage Trust Series 2017-C1 Class A3 3.28%, 11/15/2050 | 94298 |
| 135000 | CSAIL Commercial Mortgage Trust Series 2018-C14 Class A4 4.42%, 11/15/2051 | 134208 |
| 100000 | Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates Series KG02 Class A2 2.41%, 08/25/2029 | 93702 |
| 100000 | Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates Series<br> K-158 Class A2 4.05%, 07/25/2033 | 97202 |
| 12361 | JPMBB Commercial Mortgage Securities Trust Series 2014-C25 Class A5 3.67%, 11/15/2047 | 12070 |
| 145000 | MED Commercial Mortgage Trust Series 2024-MOB Class A 5.90%, 05/15/2041 | 144421 |
| 100000 | Morgan Stanley Capital I Trust Series 2019-L2 Class A4 4.07%, 03/15/2052 | 97469 |
| 110000 | Wells Fargo Commercial Mortgage Trust Series 2016-C34 Class A4 3.10%, 06/15/2049 | 107833 |
| **Total Collateralized Mortgage-Backed Securities (Cost $2,382,183)** | **Total Collateralized Mortgage-Backed Securities (Cost $2,382,183)** | **2407825** |

---

---

| | |
|:---|:---|
| Portfolio of Investments (continued) | June 30, 2025 (Unaudited) |
| **Rareview Total Return Bond ETF** |  |

---

---

| | | |
|:---|:---|:---|
| ***Face Amount ($)*** | | ***Fair Value ($)*** |
| **Corporate Bonds — 22.3%** | **Corporate Bonds — 22.3%** |  |
| 299000 | Appalachian Power Co. 5.65%, 04/01/2034 | 307612 |
| 96000 | AthenaHealth Group, Inc. 6.50%, 02/15/2030 | 94489 |
| 306000 | Bank of America Corp. 5.47%, 01/23/2035 | 314366 |
| 75000 | Beazer Homes USA, Inc. 7.50%, 03/15/2031 | 76034 |
| 294000 | Boeing Co. (The) 6.13%, 02/15/2033 | 310118 |
| 308000 | Citigroup, Inc. 4.91%, 05/24/2033 | 307310 |
| 94000 | Comstock Resources, Inc. 6.75%, 03/01/2029 | 94210 |
| 82000 | Coreweave, Inc. 9.25%, 06/01/2030 | 83831 |
| 297000 | Dell International LLC/EMC Corp. 5.40%, 04/15/2034 | 302470 |
| 76000 | Directv Financing LLC 8.88%, 02/01/2030 | 74525 |
| 296000 | Eastman Chemical Co. 5.63%, 02/20/2034 | 301682 |
| 314000 | EQT Corp. 5.75%, 02/01/2034 | 324667 |
| 295000 | General Motors Financial Co., Inc. 6.10%, 01/07/2034 | 303623 |
| 345000 | Goldman Sachs Group, Inc. (The) 4.41%, 04/23/2039 | 311018 |
| 374000 | GXO Logistics, Inc. 2.65%, 07/15/2031 | 325430 |
| 297000 | HCA, Inc. 5.60%, 04/01/2034 | 303875 |
| 259000 | Intel Corp. 5.15%, 02/21/2034 | 258470 |
| 293000 | Interstate Power and Light Co. 5.70%, 10/15/2033 | 304226 |
| 435000 | JPMorgan Chase & Co. 3.11%, 04/22/2041 | 333401 |
| 308000 | Kinder Morgan, Inc. 5.30%, 12/01/2034 | 307275 |
| 77000 | Kraken Oil Gas Partners LLC 7.63%, 08/15/2029 | 75647 |
| 304000 | Morgan Stanley 5.47%, 01/18/2035 | 311007 |
| 293000 | Ovintiv, Inc. 6.25%, 07/15/2033 | 302505 |
| 289000 | Patterson-UTI Energy, Inc. 7.15%, 10/01/2033 | 295929 |
| 298000 | Philip Morris International, Inc. 5.25%, 02/13/2034 | 303942 |
| 332000 | Pilgrim's Pride Corp. 4.25%, 04/15/2031 | 320088 |
| 297000 | Radian Group, Inc. 6.20%, 05/15/2029 | 308590 |
| 93000 | Rithm Capital Corp. 8.00%, 04/01/2029 | 93959 |
| 299000 | State Street Corp. 5.16%, 05/18/2034 | 305436 |
| 98000 | TEGNA, Inc. 5.00%, 09/15/2029 | 93608 |
| 296000 | Tyson Foods, Inc. 5.70%, 03/15/2034 | 306432 |
| 297000 | U.S. Bancorp 5.68%, 01/23/2035 | 308338 |
| 93000 | Univision Communications, Inc. 6.63%, 06/01/2027 | 92746 |
| 64000 | Vital Energy, Inc. 7.88%, 04/15/2032 | 54721 |
| 311000 | Wells Fargo & Co. 5.61%, 01/15/2044 | 301433 |
| **Total Corporate Bonds (Cost $8,380,777)** | **Total Corporate Bonds (Cost $8,380,777)** | **8513013** |
| **Exchange-Traded Fund — 2.5%** | **Exchange-Traded Fund — 2.5%** |  |
| 47777 | VanEck Emerging Markets High Yield Bond ETF | 946940 |
| **Total Exchange-Traded Fund (Cost $936,960)** | **Total Exchange-Traded Fund (Cost $936,960)** | **946940** |
| **Municipal Bonds — 0.9%** | **Municipal Bonds — 0.9%** |  |
| 30000 | City of Dallas (GO) 5.61%, 02/15/2030 | 31364 |
| 70000 | County of Miami-Dade Transit System (RB) Series B 5.53%, 07/01/2032 | 71406 |
| 55000 | Metropolitan Transportation Authority (RB) 6.65%, 11/15/2039 | 59036 |
| 30000 | New York City Municipal Water Finance Authority (RB) 5.88%, 06/15/2044 | 30410 |
| 60000 | State of California (GO) 7.55%, 04/01/2039 | 71909 |
| 69804 | State of Illinois (GO) 5.10%, 06/01/2033 | 70012 |
| **Total Municipal Bonds (Cost $332,849)** | **Total Municipal Bonds (Cost $332,849)** | **334137** |
| **Treasury Bill — 3.6%** | **Treasury Bill — 3.6%** |  |
| 1385000 | United States Treasury Bill ,4.12%, 7/31/2025<sup>(a)</sup> | 1380191 |
| **Total Treasury Bill (Cost $1,380,139)** | **Total Treasury Bill (Cost $1,380,139)** | **1380191** |
| **Treasury Notes — 20.3%** | **Treasury Notes — 20.3%** |  |
| 951000 | United States Treasury Note/Bond 4.25%, 12/31/2026 | 956535 |
| 373000 | United States Treasury Note/Bond 4.25%, 02/15/2028 | 378041 |
| 2579000 | United States Treasury Note/Bond 4.00%, 05/31/2030 | 2603984 |
| 1831000 | United States Treasury Note/Bond 4.13%, 05/31/2032 | 1846449 |
| 1964000 | United States Treasury Note/Bond 4.25%, 05/15/2035 | 1967069 |
| **Total Treasury Notes (Cost $7,696,278)** | **Total Treasury Notes (Cost $7,696,278)** | **7752078** |

---

---

| | |
|:---|:---|
| Portfolio of Investments (continued) | June 30, 2025 (Unaudited) |
| **Rareview Total Return Bond ETF** |  |

---

---

| | | |
|:---|:---|:---|
| ***Face Amount ($)*** | | ***Fair Value ($)*** |
| **U.S. Government Agency Mortgages — 34.3%** | **U.S. Government Agency Mortgages — 34.3%** |  |
| 105000 | Federal Home Loan Banks 5.15%, 11/26/2027 | 105186 |
| 100000 | Federal Home Loan Banks 5.75%, 02/25/2037 | 99852 |
| 163823 | Federal Home Loan Mortgage Corporation 3.00%, 02/01/2050 | 146970 |
| 345485 | Federal Home Loan Mortgage Corporation 2.50%, 09/01/2051 | 286623 |
| 407880 | Federal Home Loan Mortgage Corporation 2.50%, 10/01/2051 | 338389 |
| 438687 | Federal Home Loan Mortgage Corporation 2.00%, 01/01/2052 | 348309 |
| 123739 | Federal Home Loan Mortgage Corporation 2.50%, 02/01/2052 | 102886 |
| 480130 | Federal Home Loan Mortgage Corporation 2.50%, 04/01/2052 | 398521 |
| 636837 | Federal Home Loan Mortgage Corporation 2.50%, 04/01/2052 | 529341 |
| 768962 | Federal Home Loan Mortgage Corporation 3.00%, 05/01/2052 | 666535 |
| 506579 | Federal Home Loan Mortgage Corporation 3.00%, 05/01/2052 | 439154 |
| 409967 | Federal Home Loan Mortgage Corporation 2.50%, 05/01/2052 | 344995 |
| 375970 | Federal Home Loan Mortgage Corporation 3.00%, 06/01/2052 | 325502 |
| 458894 | Federal Home Loan Mortgage Corporation 3.50%, 08/01/2052 | 413352 |
| 621124 | Federal Home Loan Mortgage Corporation 4.00%, 08/01/2052 | 578742 |
| 304289 | Federal Home Loan Mortgage Corporation 2.50%, 08/01/2052 | 252391 |
| 659810 | Federal Home Loan Mortgage Corporation 3.00%, 09/01/2052 | 571853 |
| 378167 | Federal Home Loan Mortgage Corporation 2.50%, 10/01/2052 | 313721 |
| 464661 | Federal Home Loan Mortgage Corporation 3.50%, 01/01/2055 | 418510 |
| 92091 | Federal National Mortgage Association 3.03%, 12/01/2025 | 91327 |
| 257634 | Federal National Mortgage Association 2.50%, 09/01/2051 | 213738 |
| 86305 | Federal National Mortgage Association 2.50%, 12/01/2051 | 71600 |
| 84689 | Federal National Mortgage Association 2.50%, 01/01/2052 | 70259 |
| 240274 | Federal National Mortgage Association 2.00%, 03/01/2052 | 190290 |
| 512629 | Federal National Mortgage Association 3.00%, 04/01/2052 | 444153 |
| 512109 | Federal National Mortgage Association 2.50%, 04/01/2052 | 425718 |
| 477922 | Federal National Mortgage Association 2.50%, 04/01/2052 | 396478 |
| 158753 | Federal National Mortgage Association 3.00%, 04/01/2052 | 138663 |
| 209600 | Federal National Mortgage Association 2.50%, 05/01/2052 | 173886 |
| 319882 | Federal National Mortgage Association 2.50%, 06/01/2052 | 265923 |
| 444613 | Federal National Mortgage Association 4.00%, 06/01/2052 | 414300 |
| 618927 | Federal National Mortgage Association 3.00%, 06/01/2052 | 536060 |
| 43494 | Federal National Mortgage Association 3.00%, 06/01/2052 | 37656 |
| 450795 | Federal National Mortgage Association 2.50%, 06/01/2052 | 375587 |
| 419644 | Federal National Mortgage Association 3.50%, 07/01/2052 | 378520 |
| 387862 | Federal National Mortgage Association 3.50%, 10/01/2052 | 349790 |
| 511996 | Federal National Mortgage Association 3.00%, 10/01/2052 | 443642 |
| 463254 | Federal National Mortgage Association 3.50%, 04/01/2053 | 417430 |
| 247000 | Federal National Mortgage Association 5.00%, 08/25/2055 | 241920 |
| 722000 | Federal National Mortgage Association 4.50%, 08/25/2055 | 690310 |
| **Total U.S. Government Agency Mortgages (Cost $13,043,651)** | **Total U.S. Government Agency Mortgages (Cost $13,043,651)** | **13048082** |
| **Yankee Dollars — 1.0%** | **Yankee Dollars — 1.0%** |  |
| 283000 | ArcelorMittal SA 6.80%, 11/29/2032 | 311065 |
| 63200 | Transocean, Inc. 8.75%, 02/15/2030 | 64991 |
| **Total Yankee Dollars (Cost $366,795)** | **Total Yankee Dollars (Cost $366,795)** | **376056** |
| **Treasury Bond — 1.4%** | **Treasury Bond — 1.4%** |  |
| 590000 | United States Treasury Note/Bond 4.25%, 2/15/2054 | 538191 |
| **Total Treasury Bond (Cost $551,823)** | **Total Treasury Bond (Cost $551,823)** | **538191** |
| **Total Investments — 101.0% (Cost $38,274,356)** | **Total Investments — 101.0% (Cost $38,274,356)** | **38528451** |
| **Other Assets in Excess of Liabilities — (1.0%)** | **Other Assets in Excess of Liabilities — (1.0%)** | **(385983)** |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | **38142468** |

---

(a) The
rate represents the effective yield at June 30, 2025.

ETF — Exchange-Traded Fund

GO — General Obligation

RB — Revenue Bond

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Collaborative Investment Series Trust

- **b. Investment Company Act file number:** 811-23306

- **c. CIK number of Registrant:** 0001719812

- **d. LEI of Registrant:** 549300H9U9P1LQU16S78

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

  - **Street Address 1:** 500 Damonte Ranch Parkway

  - **City:** Reno

  - **State:** NV

  - **Foreign country:** US

  - **Zip / Postal Code:** 89521

  - **Telephone number:** 775-460-2204

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

- **a. Name of Series:** Rareview Total Return Bond ETF

- **b. EDGAR series identifier (if any):** S000085236

- **c. LEI of Series:** 254900ZL314XUHTGOZ39

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $39119892.62

**Total Liabilities:** $977424.24

**Net Assets:** $38142468.38

**Cash Not Reported:** $322248.24

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -63.66588844 | **1-Year:** -1140.90981890 | **5-Year:** -4584.24655610 | **10-Year:** -8649.37056434 | **30-Year:** -1952.94364611

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

- **3-Month:** -3.22859852 | **1-Year:** -80.84697536 | **5-Year:** -177.33267337 | **10-Year:** -9.42594202 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000250203 | 0.20%                | -0.67%               | 1.67%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-23398.60               | $-25423.59                                 |
| Month 2  | $-12163.57               | $-380995.39                                |
| Month 3  | $-1106.02                | $492753.30                                 |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MELLO MORTGAGE CAPITAL ACCEPTANCE                    | MELLO MORTGAGE CAPITAL ACCEPTANCE 2021 INV2        | CUSIP: 58549XAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    112583 | PA      | $99776.19     | 0.26%             | 2051-08-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BEAZER HOMES USA, INC.                               | BEAZER HOMES USA INC                               | CUSIP: 07556QBU8<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76033.50     | 0.20%             | 2031-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                       | CITIGROUP INC                                      | CUSIP: 172967NU1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    308000 | PA      | $307309.74    | 0.81%             | 2033-05-24      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XL6Z6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    209600 | PA      | $173886.09    | 0.46%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST           | JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST 2014 C2 | CUSIP: 46643PBE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12361 | PA      | $12070.36     | 0.03%             | 2047-11-15      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DWEP4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    659810 | PA      | $571852.53    | 1.50%             | 2052-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST                  | GS MORTGAGE BACKED SECURITIES TRUST 2021 PJ8       | CUSIP: 36262WAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100957 | PA      | $89568.26     | 0.23%             | 2052-01-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES, INC.                             | COMSTOCK RESOURCES INC                             | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |     94000 | PA      | $94210.47     | 0.25%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BBCMS TRUST                                          | BBCMS MORTGAGE TRUST 2024 5C29                     | CUSIP: 05555PAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $200611.50    | 0.53%             | 2057-09-15      | Variable      | 4.74%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 01F050684<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    247000 | PA      | $241919.56    | 0.63%             | 2055-08-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133KMMG7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    345485 | PA      | $286622.99    | 0.75%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST                      | BRAVO RESIDENTIAL FUNDING TRUST 2024 NQM4          | CUSIP: 10568NAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    136719 | PA      | $134485.90    | 0.35%             | 2060-01-25      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| KRAKEN OIL & GAS PARTNERS LLC                        | KRAKEN OIL GAS PARTNERS LLC                        | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |     77000 | PA      | $75646.79     | 0.20%             | 2029-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS, INC.                                  | GXO LOGISTICS INC                                  | CUSIP: 36262GAD3<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    374000 | PA      | $325430.29    | 0.85%             | 2031-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                           | JP MORGAN MORTGAGE TRUST 2017 2                    | CUSIP: 46648HBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    258131 | PA      | $231535.11    | 0.61%             | 2047-05-25      | Variable      | 3.64%                 | No            |                  2 | On Loan: No      |
| VanEck Emerging Markets High Yield Bond ETF          | VANECK VECTORS EMERGING MARKETS HIGH YIELD BOND ET | CUSIP: 92189F353<br>LEI: N/A                  | Long             |  | RF                | US        |     47777 | NS      | $946940.14    | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| DELL INTERNATIONAL L.L.C.                            | DELL INTERNATIONAL LLC EMC CORP                    | CUSIP: 24703DBN0<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    297000 | PA      | $302469.46    | 0.79%             | 2034-04-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC.                                         | OVINTIV INC                                        | CUSIP: 69047QAC6<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |    293000 | PA      | $302505.09    | 0.79%             | 2033-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418ESQ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    463254 | PA      | $417429.63    | 1.09%             | 2053-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| INTERSTATE POWER AND LIGHT COMPANY                   | INTERSTATE POWER AND LIGHT CO                      | CUSIP: 461070AU8<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |    293000 | PA      | $304226.26    | 0.80%             | 2033-10-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138LCQM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     92091 | PA      | $91326.64     | 0.24%             | 2025-12-01      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST                  | NEW RESIDENTIAL MORTGAGE LOAN TRUST 2021 INV2      | CUSIP: 64831GAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    139951 | PA      | $130919.11    | 0.34%             | 2051-09-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132E07J5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    163823 | PA      | $146969.67    | 0.39%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                     | PHILIP MORRIS INTERNATIONAL INC                    | CUSIP: 718172DJ5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    298000 | PA      | $303941.68    | 0.80%             | 2034-02-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COREWEAVE, INC.                                      | COREWEAVE INC                                      | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |     82000 | PA      | $83831.33     | 0.22%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP.                                  | RITHM CAPITAL CORP                                 | CUSIP: 64828TAB8<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |     93000 | PA      | $93959.48     | 0.25%             | 2029-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                        | GOLDMAN SACHS GROUP INC THE                        | CUSIP: 38141GXA7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    345000 | PA      | $311017.97    | 0.82%             | 2039-04-23      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| PRMI SECURITIZATION TRUST                            | PRMI SECURITIZATION TRUST 2021 1                   | CUSIP: 69359DAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     69496 | PA      | $60159.22     | 0.16%             | 2051-04-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U S TREASURY NOTE                                  | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2579000 | PA      | $2603984.06   | 6.83%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DWDS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    768962 | PA      | $666535.15    | 1.75%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                           | JP MORGAN MORTGAGE TRUST 2021 10                   | CUSIP: 46654ABE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    264305 | PA      | $247917.46    | 0.65%             | 2051-12-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140N0D51<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    450795 | PA      | $375587.20    | 0.98%             | 2052-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                          | STATE OF ILLINOIS                                  | CUSIP: 452151LF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     69804 | PA      | $70012.26     | 0.18%             | 2033-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                           | JP MORGAN MORTGAGE TRUST 2021 4                    | CUSIP: 46652VBD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    187828 | PA      | $173942.11    | 0.46%             | 2051-08-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DWCZ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    438687 | PA      | $348309.27    | 0.91%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| THE FEDERAL HOME LOAN BANKS                          | FEDERAL HOME LOAN BANK                             | CUSIP: 3130B1KK2<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    105000 | PA      | $105185.93    | 0.28%             | 2027-11-26      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DWNR0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    464661 | PA      | $418510.31    | 1.10%             | 2055-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA TRAN SYS SALES SURTAX REV        | COUNTY OF MIAMI DADE FL TRANSIT SYSTEM             | CUSIP: 59334PCZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $71405.22     | 0.19%             | 2032-07-01      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XGY45<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    257634 | PA      | $213737.88    | 0.56%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140LQH60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    240274 | PA      | $190290.49    | 0.50%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| TRK TRUST                                            | TRK 2021 INV2 TRUST                                | CUSIP: 87267TAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     83153 | PA      | $73649.93     | 0.19%             | 2056-11-25      | Variable      | 1.97%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST                         | FORD CREDIT AUTO OWNER TRUST 2024 A                | CUSIP: 34535EAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $100975.85    | 0.26%             | 2028-12-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| TEGNA INC.                                           | TEGNA INC                                          | CUSIP: 87901JAH8<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |     98000 | PA      | $93608.00     | 0.25%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EQT CORPORATION                                      | EQT CORP                                           | CUSIP: 26884LAR0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    314000 | PA      | $324665.77    | 0.85%             | 2034-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BANK                                                 | BANK 2024 BNK47                                    | CUSIP: 06540GBA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     50000 | PA      | $51051.33     | 0.13%             | 2057-06-15      | Fixed         | 6.83%                 | No            |                  2 | On Loan: No      |
| United States of America                             | UNITED STATES TREASURY NOTE BOND                   | CUSIP: 912810TX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    590000 | PA      | $538190.63    | 1.41%             | 2054-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DWDZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    375970 | PA      | $325501.97    | 0.85%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CCUBS COMMERCIAL MORTGAGE TRUST                      | CCUBS COMMERCIAL MORTGAGE TRUST 2017 C1            | CUSIP: 12508GAT3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     96643 | PA      | $94297.51     | 0.25%             | 2050-11-15      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| CSAIL COMMERCIAL MORTGAGE TRUST                      | CSAIL 2018 C14 COMMERCIAL MORTGAGE TRUST           | CUSIP: 12596GAZ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    135000 | PA      | $134207.86    | 0.35%             | 2051-11-15      | Variable      | 4.42%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DWDJ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    636837 | PA      | $529340.90    | 1.39%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 01F042681<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    722000 | PA      | $690310.68    | 1.81%             | 2055-08-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                          | BANK OF AMERICA CORP                               | CUSIP: 06051GMA4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    306000 | PA      | $314365.60    | 0.82%             | 2035-01-23      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U S TREASURY NOTE                                  | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1964000 | PA      | $1967068.75   | 5.16%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GCAT TRUST                                           | GCAT 2021 NQM5 TRUST                               | CUSIP: 36168KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    123382 | PA      | $104017.34    | 0.27%             | 2066-07-25      | Variable      | 1.26%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418ED80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    444613 | PA      | $414299.82    | 1.09%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BMO MORTGAGE TRUST                                   | BMO 2024 C9 MORTGAGE TRUST                         | CUSIP: 05593MAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $104834.63    | 0.27%             | 2057-07-15      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORPORATION                             | STATE STREET CORP                                  | CUSIP: 857477CC5<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    299000 | PA      | $305435.84    | 0.80%             | 2034-05-18      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418ED56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    319882 | PA      | $265923.06    | 0.70%             | 2052-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| RADIAN GROUP INC.                                    | RADIAN GROUP INC                                   | CUSIP: 750236AY7<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |    297000 | PA      | $308589.51    | 0.81%             | 2029-05-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DWFL2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    378167 | PA      | $313721.46    | 0.82%             | 2052-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418EJ35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    511996 | PA      | $443641.69    | 1.16%             | 2052-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING, LLC                               | DIRECTV FINANCING LLC                              | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     76000 | PA      | $74524.82     | 0.20%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U S TREASURY NOTE                                  | CUSIP: 91282CMN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    373000 | PA      | $378041.33    | 0.99%             | 2028-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y REV                     | METROPOLITAN TRANSPORTATION AUTHORITY              | CUSIP: 59259YBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $59036.46     | 0.15%             | 2039-11-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DWEF6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    304289 | PA      | $252391.42    | 0.66%             | 2052-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN, INC.                                  | KINDER MORGAN INC                                  | CUSIP: 49456BAG6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    308000 | PA      | $307275.14    | 0.81%             | 2034-12-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016 C34     | CUSIP: 95000DBD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    110000 | PA      | $107832.63    | 0.28%             | 2049-06-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418ED64<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    618927 | PA      | $536059.82    | 1.41%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST                       | MORGAN STANLEY CAPITAL I TRUST 2019 L2             | CUSIP: 61768HAW6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $97468.89     | 0.26%             | 2052-03-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST                              | CARMAX AUTO OWNER TRUST 2022 3                     | CUSIP: 14318MAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     60000 | PA      | $60147.89     | 0.16%             | 2028-02-15      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST                             | ANGEL OAK MORTGAGE TRUST 2021 7                    | CUSIP: 03464JAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    164892 | PA      | $142067.81    | 0.37%             | 2066-10-25      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV | NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY    | CUSIP: 64972FY34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30409.74     | 0.08%             | 2044-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST                             | COLT 2021 HX1 MORTGAGE LOAN TRUST                  | CUSIP: 19688KAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     95849 | PA      | $82257.73     | 0.22%             | 2066-10-25      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U S TREASURY NOTE                                  | CUSIP: 91282CNF4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1831000 | PA      | $1846449.06   | 4.84%             | 2032-05-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST                             | BENCHMARK 2024 V7 MORTGAGE TRUST                   | CUSIP: 08163YAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    127000 | PA      | $133752.89    | 0.35%             | 2029-06-15      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| THE BOEING COMPANY                                   | BOEING CO THE                                      | CUSIP: 097023AU9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    294000 | PA      | $310117.98    | 0.81%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ArcelorMittal SA                                     | ARCELORMITTAL SA                                   | CUSIP: 03938LBF0<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |    283000 | PA      | $311064.68    | 0.82%             | 2032-11-29      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DNZX4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    480130 | PA      | $398521.02    | 1.04%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BANK                                                 | BANK 2019 BNK22                                    | CUSIP: 06540XBG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $93301.39     | 0.24%             | 2062-11-15      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| DELL EQUIPMENT FINANCE TRUST                         | DELL EQUIPMENT FINANCE TRUST 2023 3                | CUSIP: 24702EAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     91596 | PA      | $92096.51     | 0.24%             | 2029-04-23      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| COLT TRUST                                           | COLT 2020 2R MORTGAGE LOAN TRUST                   | CUSIP: 12656GAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16742 | PA      | $15644.78     | 0.04%             | 2065-10-26      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DWEH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    458894 | PA      | $413352.36    | 1.08%             | 2052-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TYSON FOODS, INCORPORATED                            | TYSON FOODS INC                                    | CUSIP: 902494BM4<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |    296000 | PA      | $306431.60    | 0.80%             | 2034-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| U.S. BANCORP                                         | US BANCORP                                         | CUSIP: 91159HJR2<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    297000 | PA      | $308338.20    | 0.81%             | 2035-01-23      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| BANK5                                                | BANK5 2023 5YR1                                    | CUSIP: 06644EBM9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    260000 | PA      | $227580.94    | 0.60%             | 2056-04-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140QNSY9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    158753 | PA      | $138663.04    | 0.36%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 3137FPHR9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    100000 | PA      | $93701.92     | 0.25%             | 2029-08-25      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133BBF53<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    506579 | PA      | $439154.15    | 1.15%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133KMYC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    407880 | PA      | $338388.59    | 0.89%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BBCMS TRUST                                          | BBCMS MORTGAGE TRUST 2024 C24                      | CUSIP: 07336VAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    181673 | PA      | $183086.62    | 0.48%             | 2057-02-15      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XFMT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     84689 | PA      | $70259.09     | 0.18%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418EJ43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    387862 | PA      | $349790.29    | 0.92%             | 2052-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| METRONET INFRASTRUCTURE ISSUER LLC                   | METRONET INFRASTRUCTURE ISSUER LLC                 | CUSIP: 59170DAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     75000 | PA      | $76778.51     | 0.20%             | 2053-04-20      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XK2K5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    512629 | PA      | $444152.66    | 1.16%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                 | JPMORGAN CHASE CO                                  | CUSIP: 46647PBM7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    435000 | PA      | $333401.08    | 0.87%             | 2041-04-22      | Fixed         | 3.11%                 | No            |                  2 | On Loan: No      |
| PRKCM TRUST                                          | PRKCM 2021 AFC2 TRUST                              | CUSIP: 69361JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    261989 | PA      | $231985.12    | 0.61%             | 2056-11-25      | Variable      | 2.07%                 | No            |                  2 | On Loan: No      |
| FLAGSTAR MORTGAGE TRUST                              | FLAGSTAR MORTGAGE TRUST 2021 4                     | CUSIP: 33852FAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     71211 | PA      | $63154.62     | 0.17%             | 2051-06-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                | WELLS FARGO CO                                     | CUSIP: 949746RF0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    311000 | PA      | $301433.05    | 0.79%             | 2044-01-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XDXX9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     86305 | PA      | $71600.37     | 0.19%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC.                              | ATHENAHEALTH GROUP INC                             | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |     96000 | PA      | $94489.49     | 0.25%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC.                        | UNIVISION COMMUNICATIONS INC                       | CUSIP: 914906AU6<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     93000 | PA      | $92746.30     | 0.24%             | 2027-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST                             | BENCHMARK 2024 V5 MORTGAGE TRUST                   | CUSIP: 08163XBB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    240000 | PA      | $244706.57    | 0.64%             | 2057-01-10      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL COMPANY, INC.               | GENERAL MOTORS FINANCIAL CO INC                    | CUSIP: 37045XEP7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    295000 | PA      | $303622.59    | 0.80%             | 2034-01-07      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| State of California                                  | STATE OF CALIFORNIA                                | CUSIP: 13063A5G5<br>LEI: N/A                  | Long             | DBT              |  | US        |     60000 | PA      | $71908.91     | 0.19%             | 2039-04-01      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 3137HAGS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    100000 | PA      | $97201.96     | 0.25%             | 2033-07-25      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| HCA INC.                                             | HCA INC                                            | CUSIP: 404119CU1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    297000 | PA      | $303874.76    | 0.80%             | 2034-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DWC76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    123739 | PA      | $102886.32    | 0.27%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO MORTGAGE BACKED SECURITIES TRUST         | WELLS FARGO MORTGAGE BACKED SECURITIES 2021 2 TRUS | CUSIP: 949798AC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    119912 | PA      | $106238.63    | 0.28%             | 2051-06-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| THE FEDERAL HOME LOAN BANKS                          | FEDERAL HOME LOAN BANK                             | CUSIP: 3130B55C8<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    100000 | PA      | $99852.33     | 0.26%             | 2037-02-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DWEJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    621124 | PA      | $578742.42    | 1.52%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO MORTGAGE BACKED SECURITIES TRUST         | WELLS FARGO MORTGAGE BACKED SECURITIES 2022 INV1 T | CUSIP: 95003NAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    132985 | PA      | $120607.03    | 0.32%             | 2052-03-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140LQRN2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    477922 | PA      | $396478.12    | 1.04%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XNRJ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     43494 | PA      | $37656.19     | 0.10%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                       | MORGAN STANLEY                                     | CUSIP: 61747YFL4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    304000 | PA      | $311007.25    | 0.82%             | 2035-01-18      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO MORTGAGE BACKED SECURITIES TRUST         | WELLS FARGO MORTGAGE BACKED SECURITIES 2021 1 TRUS | CUSIP: 95003ABH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    233569 | PA      | $201187.93    | 0.53%             | 2050-12-25      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| PATTERSON-UTI ENERGY, INC.                           | PATTERSON UTI ENERGY INC                           | CUSIP: 703481AD3<br>LEI: 254900XGFBKIXD6G0697 | Long             | DBT              | CORP              | US        |    289000 | PA      | $295929.01    | 0.78%             | 2033-10-01      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U S TREASURY NOTE                                  | CUSIP: 91282CME8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    951000 | PA      | $956535.11    | 2.51%             | 2026-12-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418ECQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    512109 | PA      | $425717.80    | 1.12%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DQ2C9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    409967 | PA      | $344994.92    | 0.90%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORPORATION                          | PILGRIM S PRIDE CORP                               | CUSIP: 72147KAJ7<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    332000 | PA      | $320089.00    | 0.84%             | 2031-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Appalachian Power Company                            | APPALACHIAN POWER CO                               | CUSIP: 037735DB0<br>LEI: 3SCHO1ABYYIG382BEI70 | Long             | DBT              | CORP              | US        |    299000 | PA      | $307611.95    | 0.81%             | 2034-04-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC.                                      | TRANSOCEAN INC                                     | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |     63200 | PA      | $64991.34     | 0.17%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST                             | BENCHMARK 2020 B20 MORTGAGE TRUST                  | CUSIP: 08162XBM5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     65000 | PA      | $50886.50     | 0.13%             | 2053-10-15      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST                             | BENCHMARK 2024 V6 MORTGAGE TRUST                   | CUSIP: 081927AE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $104466.46    | 0.27%             | 2029-03-15      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO MORTGAGE BACKED SECURITIES TRUST         | WELLS FARGO MORTGAGE BACKED SECURITIES 2022 2 TRUS | CUSIP: 949930AB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     77507 | PA      | $63107.47     | 0.17%             | 2051-12-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST                             | BENCHMARK 2024 V7 MORTGAGE TRUST                   | CUSIP: 08163YAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $104967.35    | 0.28%             | 2056-05-15      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| BANK                                                 | BANK 2019 BNK22                                    | CUSIP: 06540XBL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    140000 | PA      | $127377.21    | 0.33%             | 2062-11-15      | Variable      | 3.41%                 | No            |                  2 | On Loan: No      |
| EASTMAN CHEMICAL COMPANY                             | EASTMAN CHEMICAL CO                                | CUSIP: 277432AY6<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | DBT              | CORP              | US        |    296000 | PA      | $301682.33    | 0.79%             | 2034-02-20      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| INTEL CORPORATION                                    | INTEL CORP                                         | CUSIP: 458140CL2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    259000 | PA      | $258470.04    | 0.68%             | 2034-02-21      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| United States of America                             | UNITED STATES TREASURY BILL                        | CUSIP: 912797PG6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1385000 | PA      | $1380190.59   | 3.62%             | 2025-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VERIZON MASTER TRUST                                 | VERIZON MASTER TRUST                               | CUSIP: 92348KCQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    215000 | PA      | $219532.16    | 0.58%             | 2030-04-22      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| MED COMMERCIAL MORTGAGE TRUST                        | MED COMMERCIAL MORTGAGE TRUST 2024 MOB             | CUSIP: 55287BAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    145000 | PA      | $144420.67    | 0.38%             | 2041-05-15      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX                                           | CITY OF DALLAS TX                                  | CUSIP: 235219MD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31363.95     | 0.08%             | 2030-02-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418EE48<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    419644 | PA      | $378519.53    | 0.99%             | 2052-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY, INC.                                   | VITAL ENERGY INC                                   | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |     64000 | PA      | $54721.32     | 0.14%             | 2032-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                           | JP MORGAN MORTGAGE TRUST 2024 INV1                 | CUSIP: 46658PAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    312127 | PA      | $310185.29    | 0.81%             | 2055-04-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** Collaborative Investment Series Trust

**Signature:** Bill McCormick

**Name of Signer:** Bill McCormick

**Title:** Treasurer