# EDGAR Filing Document

**Accession Number:** 0000754510
**File Stem:** 0000035402-26-002089
**Filing Date:** 2026-3
**Character Count:** 149149
**Document Hash:** 7679b909b7f1a53726f917ab899716b0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-002089.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0000035402-26-002089

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY SECURITIES FUND
- **CENTRAL INDEX KEY:** 0000754510

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04118
- **FILM NUMBER:** 26790694

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### Fidelity Series Real Estate Income Fund (Series ID: S000031548)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000098199 | Fidelity Series Real Estate Income Fund | FSREX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Securities Fund

- **b. Investment Company Act file number:** 811-04118

- **c. CIK number of Registrant:** 0000754510

- **d. LEI of Registrant:** LIUMB3NDWOFJPXVROE85

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Fidelity Series Real Estate Income Fund

- **b. EDGAR series identifier (if any):** S000031548

- **c. LEI of Series:** 549300CKO1IALL8IIC86

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $290899102.80

**Total Liabilities:** $1065395.27

**Net Assets:** $289833707.53

**Cash Not Reported:** $1907168.76

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 7389.25721289 | **1-Year:** 24331.04480615 | **5-Year:** 33741.20078782 | **10-Year:** 12292.67013800 | **30-Year:** 3114.46988170

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

- **3-Month:** 1766.97796749 | **1-Year:** 8228.73708681 | **5-Year:** 9498.96992312 | **10-Year:** 832.38879860 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000098199 | 0.49%                | 0.47%                | 0.59%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-320547.41              | $775244.37                                 |
| Month 2  | $369833.76               | $-651576.15                                |
| Month 3  | $-461118.83              | $447024.64                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CEDAR REALTY TRUST INC                                                            | CEDAR RLTY TR I 7.25% PFD PERP                                                                       | CUSIP: 150602407<br>LEI: 54930056URX93R2RSN82 | Long             | EP               | CORP              | US        |      7070 | NS      | $130335.45    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                                                      | Fidelity Cash Central Fund                                                                           | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  32619685 | NS      | $32626209.09  | 11.26%            |  |  |  | No            |                  1 | On Loan: No      |
| GS MTG SECS TR 2011-GC5                                                           | GSMS 2011-GC5 C 5.47 8/44                                                                            | CUSIP: 36191YAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    101000 | PA      | $92975.67     | 0.03%             | 2044-08-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2011-GC5                                                           | GSMS 2011-GC5 D 5.47 8/44                                                                            | CUSIP: 36191YAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    759236 | PA      | $587846.98    | 0.20%             | 2044-08-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2011-GC5                                                           | GSMS 2011-GC5 E CSTR 8/44                                                                            | CUSIP: 36191YAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    848000 | PA      | $289389.50    | 0.10%             | 2044-08-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2011-GC5                                                           | GS MTG SECS TR 2011-GC5 4.5% 08/10/2044 144A                                                         | CUSIP: 36191YAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    677000 | PA      | $2031.00      | 0.00%             | 2044-08-10      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| GS MTG SECS TR 2012-GCJ9                                                          | GS MTG SECS TR 2012-GCJ9 E CSTR 11/10/2045 144A                                                      | CUSIP: 36192PAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    355000 | PA      | $340800.00    | 0.12%             | 2045-11-10      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| JP MORGAN CHASE COML MTG SECS TR 2012-CIBX                                        | JPMCC 2012-CBX E CSTR 6/45                                                                           | CUSIP: 46637WAQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    592418 | PA      | $584031.84    | 0.20%             | 2045-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COML MTG SECS TR 2012-CIBX                                        | JPMCC 2012-CBX G 4.0% 6/45 144A                                                                      | CUSIP: 46637WAU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    805000 | PA      | $542516.07    | 0.19%             | 2045-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2013-LC11                                       | JP MORGAN CH CMS 13-LC11 D CSTR 04/15/2046                                                           | CUSIP: 46639YAX5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    281066 | PA      | $2810.66      | 0.00%             | 2046-04-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2014-DSTY                                       | JPMCC 2014-DSTY E CSTR 06/27                                                                         | CUSIP: 46642MAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    924000 | PA      | $2300.76      | 0.00%             | 2027-06-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LXP INDUSTRIAL TRUST                                                              | LEXINGTON RLTY 6.5 CV PFD PERPPAR=50                                                                 | CUSIP: 529043309<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EP               | CORP              | US        |     68019 | NS      | $3191451.48   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| MFA FINANCIAL INC                                                                 | MFA FINANCIAL 7.5% PFD PERP                                                                          | CUSIP: 55272X409<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |     16249 | NS      | $327417.35    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MSJP 2015-HAUL                                                                    | MSJP 2015-HAUL E 5.012% 09/05/2047 144A                                                              | CUSIP: 553697AN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $861071.30    | 0.30%             | 2047-09-05      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C2                                                   | MSC 2011-C2 XB CSTR 6/44 144A                                                                        | CUSIP: 617459AF9<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |  21123262 | PA      | $79129.85     | 0.03%             | 2044-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C2                                                   | MSC 2011-C2 D CSTR 6/44                                                                              | CUSIP: 617459AJ1<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |    667378 | PA      | $660904.21    | 0.23%             | 2044-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C2                                                   | MSC 2011-C2 F CSTR 6/44                                                                              | CUSIP: 617459AL6<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |    970000 | PA      | $729925.00    | 0.25%             | 2044-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C3                                                   | MSC 2011-C3 E CSTR 7/15/49 144A                                                                      | CUSIP: 61760RAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    154041 | PA      | $152381.26    | 0.05%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C3                                                   | MSC 2011-C3 G CSTR 07/49                                                                             | CUSIP: 61760RAS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    979600 | PA      | $941504.63    | 0.32%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2012-C6                                   | MORGAN STAN BAML TR-2012-C6 F CSTR 11/15/2045 144A                                                   | CUSIP: 61761DAU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $140060.00    | 0.05%             | 2045-11-15      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2013-C9                                   | MSBAM 2013 - C9 C 4.2117% 5/46                                                                       | CUSIP: 61762DBB6<br>LEI: 549300PFVBG5704L7K74 | Long             | ABS-MBS          | CORP              | US        |    625000 | PA      | $585286.88    | 0.20%             | 2046-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2015-MS1                                                  | MORGAN STANLEY CAP I TR 2015 4.163% 5/15/48                                                          | CUSIP: 61765DAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    980000 | PA      | $824542.60    | 0.28%             | 2048-05-15      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| OMEGA HEALTHCARE INVESTORS INC                                                    | OMEGA HEALTHCARE INVESTORS INC 4.5% 04/01/2027                                                       | CUSIP: 681936BF6<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |    483000 | PA      | $484412.08    | 0.17%             | 2027-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PROLOGIS INC                                                                      | PROLOGIS IN SR Q 8.54% PFD PRP                                                                       | CUSIP: 74340W202<br>LEI: 529900DFH19P073LZ636 | Long             | EP               | CORP              | US        |     16850 | NS      | $892376.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| PROVIDENCE PLACE GROUP LTD PARTNERSHIP                                            | PPGLP 2000-C1 A2 7.75% 7/28                                                                          | CUSIP: 743784AB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    418586 | PA      | $427661.55    | 0.15%             | 2028-07-20      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| TIMES SQUARE HOTEL TR                                                             | TIMES SQUARE HOTEL TR 8.528% 08/01/2026 144A                                                         | CUSIP: 887367AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    174889 | PA      | $175282.52    | 0.06%             | 2026-08-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| UBS COML MTG TR 2012-C1                                                           | UBSCM 2012-C1 F CSTR 5/10/45 144A                                                                    | CUSIP: 90269GAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    399000 | PA      | $147413.94    | 0.05%             | 2045-05-10      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| VORNADO REALTY TRUST                                                              | VORNADO RLTY SR L 5.4% PFD PRP                                                                       | CUSIP: 929042844<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     18000 | NS      | $329040.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| WFRBS COML MTG TR 2011-C3                                                         | WFRBS 2011-C3 D CSTR 3/44                                                                            | CUSIP: 92935VAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    843916 | PA      | $303826.56    | 0.10%             | 2044-03-15      | Variable      | 0.06%                 | No            |                  3 | On Loan: No      |
| WFRBS COML MTG TR 2011-C4                                                         | WFRBS 2011-C4 G 5% 06/15/44                                                                          | CUSIP: 92936CBD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     45000 | PA      | $14362.70     | 0.00%             | 2044-06-15      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| WFRBS COML MTG TR 2013-C11                                                        | WFRBS 2013-C11 E VAR 3/45                                                                            | CUSIP: 92937EAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     53000 | PA      | $37630.00     | 0.01%             | 2045-03-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2013-C13                                                        | WFRBS COML MTG TR 2013-C13 D CSTR 05/15/2045 144A                                                    | CUSIP: 92937UAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     33919 | PA      | $31755.98     | 0.01%             | 2045-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WP GLIMCHER MALL TR 15-WPG                                                        | JPMDB 2015-WPG PR2 CSTR 06/35                                                                        | CUSIP: 92939VAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    459000 | PA      | $100975.41    | 0.03%             | 2035-06-05      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| UBS COML MTG TR 2012-C1                                                           | UBSCM 2012-C1 E CSTR 05/45                                                                           | CUSIP: 90269GAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    926620 | PA      | $881401.24    | 0.30%             | 2045-05-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SOTHERLY HOTELS INC                                                               | SOTHERLY HOTELS INC SER B 8% PERP PFD                                                                | CUSIP: 83600C301<br>LEI: 549300IYTT21F61LSR10 | Long             | EP               | CORP              | US        |     12750 | NS      | $231667.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| WP CAREY INC                                                                      | WP CAREY INC 4.25% 10/01/2026                                                                        | CUSIP: 92936UAE9<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              | CORP              | US        |    459000 | PA      | $459383.48    | 0.16%             | 2026-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                                      | ENBRIDGE INC SER 1 4% PFD PERP                                                                       | CUSIP: 29250N717<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EP               | CORP              | CA        |     20325 | NS      | $500198.25    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2016-BNK2                                                 | MORGAN STANLEY CAP I TR 2016-BNK2 3% 11/15/2049 144A                                                 | CUSIP: 61690YAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2346000 | PA      | $1769422.17   | 0.61%             | 2049-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| HILTON USA TR 2016-HHV                                                            | HILT 2016-HHV F CSTR 11/38 144A                                                                      | CUSIP: 43300LAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2515000 | PA      | $2470071.54   | 0.85%             | 2038-11-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DIGITALBRIDGE GROUP INC                                                           | DIGITALBRIDGE GROUP INC SER H 7.125% PERP PFD                                                        | CUSIP: 25401T504<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |      9647 | NS      | $185318.87    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMBB COML MTG SECS TR 2014-C23                                                   | JPMBB 2014-C23 UH5 4.7094% 09/15/2047 144A                                                           | CUSIP: 46643AAQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1624000 | PA      | $1598972.21   | 0.55%             | 2047-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHIMERA INVESTMENT CORP                                                           | CHIMERA INVESTMENT CORP SER B 8%/VAR PREF PERP                                                       | CUSIP: 16934Q406<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     35058 | NS      | $827018.22    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MORTGAGE INVESTMENT TRUST                                                | PENNYMAC MTG INVT TR 8.125/VAR PREF PERP                                                             | CUSIP: 70931T301<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |     14975 | NS      | $362994.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TWO HARBORS INVESTMENT COR                                                        | TWO HARBORS INVT CORP 8.125% SER A PERP PFD                                                          | CUSIP: 90187B200<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |     21429 | NS      | $530796.33    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| OMEGA HEALTHCARE INVESTORS INC                                                    | OMEGA HEALTHCARE INVESTORS INC 4.75% 01/15/2028                                                      | CUSIP: 681936BK5<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |   1616000 | PA      | $1629558.63   | 0.56%             | 2028-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK 2017-BNK4                                                                    | BANK 2017-BNK4 D 3.357% 05/15/2050 144A                                                              | CUSIP: 06541FAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    625000 | PA      | $352624.00    | 0.12%             | 2050-05-15      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| COMMERCIAL MORTGAGE CD 2017-CD4 MTG TR                                            | CD 2017-CD4 D 3.3% 05/10/2050 144A                                                                   | CUSIP: 12515DAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    213000 | PA      | $187167.34    | 0.06%             | 2050-05-10      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| WP GLIMCHER MALL TR 15-WPG                                                        | JPMDB 2015-WPG PR1 CSTAR 6/5/35 144A                                                                 | CUSIP: 92939VAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1168000 | PA      | $583988.32    | 0.20%             | 2035-06-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DIGITALBRIDGE GROUP INC                                                           | DIGITALBRIDGE GROUP INC 7.15% SER I PERP PFD                                                         | CUSIP: 25401T405<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |     10318 | NS      | $201201.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MORTGAGE INVESTMENT TRUST                                                | PENNYMAC MTG INVT TR 8%/VAR SER B PREF PERP                                                          | CUSIP: 70931T400<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |     20205 | NS      | $487142.55    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HOMES 4 RENT                                                             | AMERICAN HOMES 4 RENT 5.875% SER G PFD PERP                                                          | CUSIP: 02665T876<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EP               | CORP              | US        |     37050 | NS      | $847889.25    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TWO HARBORS INVESTMENT COR                                                        | TWO HARBORS INV CORP 7.625% SER B PFD PERP                                                           | CUSIP: 90187B309<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |     38276 | NS      | $940441.32    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ANNALY CAPITAL MANAGEMENT INC                                                     | ANNALY CAPITAL MANAGEMENT INC 6.95%/VAR PERP PFD                                                     | CUSIP: 035710870<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |     73400 | NS      | $1898931.40   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP                                                              | AGNC INVESTMENT CORP 7/VAR PFD PERP                                                                  | CUSIP: 00123Q500<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     41899 | NS      | $1072195.41   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ASHFORD HOSPITALITY TRUST INC                                                     | ASHFORD HOSPITALITY TRUST INC SER H 7.5% PFD PERP                                                    | CUSIP: 044103802<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      1575 | NS      | $18207.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC                                                              | GLOBAL NET LEASE INC SER A 7.25% PFD PERP                                                            | CUSIP: 379378300<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |     45925 | NS      | $1075104.25   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| MPT OPER PARTNERSHIP LP / MPT FIN CORP                                            | MPT OPER PARTNERSHIP LP/CORP 5% 10/15/2027                                                           | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3237000 | PA      | $3164604.50   | 1.09%             | 2027-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GLOBAL MEDICAL REIT INC                                                           | GLOBAL MEDICAL REIT INC SER A 7.5% PFD PERP                                                          | CUSIP: 37957W203<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EP               | CORP              | US        |     27461 | NS      | $674442.16    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC                                                           | DIGITALBRIDGE GROUP INC 7.125% SER J PFD PERP                                                        | CUSIP: 25401T306<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |     18731 | NS      | $363006.78    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| COMM 2017-COR2                                                                    | COMM 2017-COR2 D 3% 09/10/2050 144A                                                                  | CUSIP: 12595EAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     31000 | PA      | $28186.61     | 0.01%             | 2050-09-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NATIONAL STORAGE AFFILIATES TRUST                                                 | NATIONAL STORAGE AFFILIATES SER A 6% PFD PERP                                                        | CUSIP: 637870205<br>LEI: 529900FS06O8GOYNR108 | Long             | EP               | CORP              | US        |     12325 | NS      | $258701.75    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SOTHERLY HOTELS INC                                                               | SOTHERLY HOTELS INC SER C 7.875% PERP PFD                                                            | CUSIP: 83600C400<br>LEI: 549300IYTT21F61LSR10 | Long             | EP               | CORP              | US        |     19300 | NS      | $359559.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C3                                                   | MORGAN STANLEY CAP I TR 2011-C3 F CSTR 07/15/2049 144A                                               | CUSIP: 61760RAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    636000 | PA      | $617262.10    | 0.21%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES INC                                                       | SUMMIT HOTEL PPTYS INC SERIES E 6.25% PFD PERP                                                       | CUSIP: 866082605<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               | CORP              | US        |     60784 | NS      | $1157935.20   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| REXFORD INDL RLTY INC                                                             | REXFORD INDL RLTY INC SER B 5.875% PERP PFD                                                          | CUSIP: 76169C308<br>LEI: 549300MSLO0DF0EMX355 | Long             | EP               | CORP              | US        |     50000 | NS      | $1128000.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST                                                              | VORNADO REALTY TRUST SER M 5.25% PFD PERP                                                            | CUSIP: 929042828<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     11286 | NS      | $198520.74    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ANNALY CAPITAL MANAGEMENT INC                                                     | ANNALY CAPITAL MANAGEMENT INC 6.5%/VAR PFD PERP                                                      | CUSIP: 035710862<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |     70990 | NS      | $1781139.10   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| SERITAGE GROWTH PPTYS                                                             | SERITAGE GROWTH PPTYS SER A 7% PERP PFD                                                              | CUSIP: 81752R308<br>LEI: 5493003CJFC2MM82WB25 | Long             | EP               | CORP              | US        |      1050 | NS      | $25315.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SAUL CENTERS INC                                                                  | SAUL CENTERS INC 6.125% SER D PFD PERP                                                               | CUSIP: 804395804<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     15958 | NS      | $333072.18    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH PPTYS INC                                                                     | UMH PPTYS INC 6.75% SER D PFD PERP                                                                   | CUSIP: 903002509<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EP               | CORP              | US        |     63875 | NS      | $1434313.13   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                                          | AMERICAN HOMES 4 RENT LP 4.25% 02/15/2028                                                            | CUSIP: 02666TAA5<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2000382.98   | 0.69%             | 2028-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| JPMDB COML MTG SECS TR 2018-C8                                                    | JPMDB COML MTG SECS TR 2018-C8 CSTR 06/15/2051 144A                                                  | CUSIP: 46591AAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    302000 | PA      | $242716.98    | 0.08%             | 2051-06-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2018-AON                                        | J P MORGAN CHASE COML MTG SECS TR 2018-AON-F 4.6132% 07/05/2031 144A                                 | CUSIP: 46649XAU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    961000 | PA      | $107555.79    | 0.04%             | 2031-07-05      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| RETAIL VALUE INC                                                                  | RETAIL VALUE INC (ESCROW LINE)                                                                       | CUSIP: 76133Q102<br>LEI: 549300VO5RB7323N1Z31 | Long             | EC               | CORP              | US        |     24066 | NS      | $0.24         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GS MTG SECS CORP TR 2018-RIVR                                                     | GS MTG SECS CORP TR 2018-RIVR G TSFR1M+264.7 07/15/2035 144A                                         | CUSIP: 36255WAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    669000 | PA      | $495.06       | 0.00%             | 2035-07-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| VENTAS RLTY LTD PARTNERSHIP                                                       | VENTAS RLTY LTD PARTNERSHIP 4.4% 01/15/2029                                                          | CUSIP: 92277GAN7<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2010793.24   | 0.69%             | 2029-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                                                             | AMERICAN HOMES 4 RENT SER H 6.25% PERP PFD                                                           | CUSIP: 02665T868<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EP               | CORP              | US        |     21284 | NS      | $510558.46    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| COMM 2018-HCLV MTG TR                                                             | COMM 2018-HCLV MTG TR TSFR1M+319.601 09/15/2033 144A                                                 | CUSIP: 20048KAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    735000 | PA      | $41430.41     | 0.01%             | 2033-09-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| COMM 2018-HCLV MTG TR                                                             | COMM MORTGAGE TRUST 2018-HCLV G TSFR1M+520.234 069/15/2033                                           | CUSIP: 20048KAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    735000 | PA      | $15705.41     | 0.01%             | 2033-09-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| CHIMERA INVESTMENT CORP                                                           | CHIMERA INVESTMENT CORP SER C 7.75/VAR PERP PFD                                                      | CUSIP: 16934Q505<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     45866 | NS      | $1007217.36   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| GLP CAP LP / GLP FING II INC                                                      | GLP CAP LP / GLP FING II INC 5.3% 01/15/2029                                                         | CUSIP: 361841AL3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1019098.00   | 0.35%             | 2029-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BRAEMAR HOTELS and RESORTS INC                                                    | BRAEMAR HOTELS and RESORTS INC SER D 8.25% PFD PERP                                                  | CUSIP: 10482B309<br>LEI: 549300JDUUEBN868C776 | Long             | EP               | CORP              | US        |      3923 | NS      | $64651.04     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DBGS 2018-C1 MTG TR                                                               | DBGS MTG TR 2018-C1 C CSTR 10/15/2051                                                                | CUSIP: 23307DBE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $911634.80    | 0.31%             | 2051-10-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                                                           | PEBBLEBROOK HOTEL TR SER F 6.3% PERP PFD                                                             | CUSIP: 70509V704<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |     37902 | NS      | $776991.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                                                           | PEBBLEBROOK HOTEL TR SER E 6.375% PERP PFD                                                           | CUSIP: 70509V605<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |     45192 | NS      | $904743.84    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CUBESMART LP                                                                      | CUBESMART LP 4.375% 02/15/2029                                                                       | CUSIP: 22966RAE6<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004334.10   | 0.35%             | 2029-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AGNC INVESTMENT CORP                                                              | AGNC INVESTMENT CORP 6.875/VAR PERP PFD                                                              | CUSIP: 00123Q609<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     65750 | NS      | $1642106.25   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD PROPERTY PARTNERS LP                                                   | BROOKFIELD PROPERTY PARTN LP 6.5% PERP PFD                                                           | CUSIP: N/A<br>LEI: 5493004J5Z0TZW83NU62       | Long             | EP               | CORP              | BM        |      5875 | NS      | $92648.75     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2019-IMC                                             | BX COMMERCIAL MORTGAGE TRUST 2019-IMC G TSFR1M+371.448 04/15/2034 144A                               | CUSIP: 05608BAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    819000 | PA      | $796619.27    | 0.27%             | 2034-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BRIXMOR OPERATING PARTNERSHIP LP                                                  | BRIXMOR OPERATING PARTNERSHIP LP 4.125% 05/15/2029                                                   | CUSIP: 11120VAH6<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |    138000 | PA      | $137522.85    | 0.05%             | 2029-05-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                               | AMERICAN TOWER CORP 3.8% 08/15/2029                                                                  | CUSIP: 03027XAW0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $986075.33    | 0.34%             | 2029-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ARMADA HOFFLER PROPERTIES INC                                                     | ARMADA HOFFLER PPTYS INC SER A 6.75% PFD PERP                                                        | CUSIP: 04208T207<br>LEI: 549300WQRSIV6XZT9313 | Long             | EP               | CORP              | US        |     33250 | NS      | $716537.50    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ANNALY CAPITAL MANAGEMENT INC                                                     | ANNALY CAPITAL MANAGEMENT INC SER I 6.75/VAR PFD PERP                                                | CUSIP: 035710847<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |     27900 | NS      | $716193.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP                                                                | RITHM CAPITAL CORP                                                                                   | CUSIP: 64828T300<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     43666 | NS      | $1100383.20   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MPT OPER PARTNERSHIP LP / MPT FIN CORP                                            | MPT OPER PARTNERSHIP LP/CORP 4.625% 08/01/2029                                                       | CUSIP: 55342UAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1506000 | PA      | $1291205.47   | 0.45%             | 2029-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UDR INC                                                                           | UDR INC 3% 08/15/2031                                                                                | CUSIP: 90265EAR1<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              | CORP              | US        |    500000 | PA      | $463569.72    | 0.16%             | 2031-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                                                                | RITHM CAPITAL CORP SER B 7.125%/VAR PFD PERP                                                         | CUSIP: 64828T409<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     60467 | NS      | $1520140.38   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SAUL CENTERS INC                                                                  | SAUL CENTERS INC 6% SER E PFD PERP                                                                   | CUSIP: 804395879<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     13475 | NS      | $301166.25    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| REXFORD INDL RLTY INC                                                             | REXFORD INDL RLTY INC SER C 5.625% PERP PFD                                                          | CUSIP: 76169C407<br>LEI: 549300MSLO0DF0EMX355 | Long             | EP               | CORP              | US        |     11775 | NS      | $249983.25    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| GLADSTONE COMMERCIAL CORP                                                         | GLADSTONE COMMERCIAL CORP SER E 6.625% PFD 12/31/2049                                                | CUSIP: 376536702<br>LEI: 529900EVVV534W8R0T32 | Long             | EP               | CORP              | US        |     41125 | NS      | $938065.36    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP                                                              | AGNC INVESTMENT CORP SER E 6.5%/VAR PFD PERP                                                         | CUSIP: 00123Q807<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     46750 | NS      | $1191657.50   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SG COML MTG SECS TR 2019-PRES                                                     | SG COML MTG SECS TR 2019-PREZ F CSTR 09/15/2039 144A                                                 | CUSIP: 78430EAN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $1669061.40   | 0.58%             | 2039-09-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ELLINGTON FINANCIAL INC                                                           | ELLINGTON FINANCIAL INC 6.75/VAR PFD PERP                                                            | CUSIP: 28852N208<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EP               | CORP              | US        |     58522 | NS      | $1468316.98   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BENCHMARK 2019-B14 MTG TR                                                         | BENCHMARK 2019-B14 MTG TR VAR 12/15/2062 144A                                                        | CUSIP: 08162YBM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    573000 | PA      | $2865.00      | 0.00%             | 2062-12-15      | Variable      | 0.03%                 | No            |                  3 | On Loan: No      |
| BENCHMARK 2019-B14 MTG TR                                                         | BENCHMARK 2019-B14 MTG TR VAR 12/15/2062 144A                                                        | CUSIP: 08162YBP6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    859000 | PA      | $2147.50      | 0.00%             | 2062-12-15      | Variable      | 0.03%                 | No            |                  3 | On Loan: No      |
| VICI PROPERTIES LP / VICI NOTE CO INC                                             | VICI PROPERTIES LP / VICI NOTE CO INC 4.625% 12/01/2029 144A                                         | CUSIP: 92564RAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3095000 | PA      | $3095719.37   | 1.07%             | 2029-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE INC                                                              | GLOBAL NET LEASE INC SER B 6.875% PFD PERP                                                           | CUSIP: 379378409<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |     47200 | NS      | $1080880.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| BX TR 2019-OC11                                                                   | BX TR 2019-OC11 4.075457% 12/09/2041 144A                                                            | CUSIP: 05606FAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5666000 | PA      | $5252323.07   | 1.81%             | 2041-12-09      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NATIONAL HEALTHCARE PROPERTIES INC                                                | HEALTHCARE TRUST INC SER A 7.375% PFD PERP                                                           | CUSIP: 42226B204<br>LEI: 549300Z2NSUGF5NF2Y30 | Long             | EP               | CORP              | US        |     33000 | NS      | $643500.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK 2017-BNK8                                                                    | BANK 2017-BNK8 E 2.8% 11/15/2050 144A                                                                | CUSIP: 06650AAW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1848000 | PA      | $814972.80    | 0.28%             | 2050-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| AGNC INVESTMENT CORP                                                              | AGNC INVESTMENT CORP SER F 6.125%/VAR PFD PERP                                                       | CUSIP: 00123Q872<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     61500 | NS      | $1545495.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD PROPERTY PARTNERS LP                                                   | BROOKFIELD PROPERTY PARTN LP 5.75% PFD PERP                                                          | CUSIP: N/A<br>LEI: 5493004J5Z0TZW83NU62       | Long             | EP               | CORP              | BM        |      7000 | NS      | $96810.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP                                                                | RITHM CAPITAL CORP SER C 6.375%/VAR PFD PERP                                                         | CUSIP: 64828T508<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     20446 | NS      | $502153.76    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNEX CAPITAL INC                                                                 | DYNEX CAP INC 6.9%/VAR PFD PERP C                                                                    | CUSIP: 26817Q878<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EP               | CORP              | US        |     89500 | NS      | $2314470.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA FINANCIAL INC                                                                 | MFA FINANCIAL 6.5%/VAR PFD PERP                                                                      | CUSIP: 55272X508<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |     26100 | NS      | $605520.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2020-VIVA                                            | BX COMMERCIAL MORTGAGE TRUST 2020-VIVA E 3.54875% 03/09/2044 144A                                    | CUSIP: 12433XAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2018000 | PA      | $1822544.19   | 0.63%             | 2044-03-11      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| VENTAS RLTY LTD PARTNERSHIP                                                       | VENTAS RLTY LTD PARTNERSHIP 4.75% 11/15/2030                                                         | CUSIP: 92277GAV9<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1013284.30   | 0.35%             | 2030-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                               | AMERICAN TOWER CORP 3.1% 06/15/2050                                                                  | CUSIP: 03027XBD1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $984857.90    | 0.34%             | 2050-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC 2.25% 01/15/2031                                                                    | CUSIP: 22822VAT8<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1341598.31   | 0.46%             | 2031-01-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                                                       | EQUINIX INC 3% 07/15/2050                                                                            | CUSIP: 29444UBJ4<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $1590587.63   | 0.55%             | 2050-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GLP CAP LP / GLP FING II INC                                                      | GLP CAP LP / GLP FING II INC 4% 01/15/2031                                                           | CUSIP: 361841AQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $956384.60    | 0.33%             | 2031-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2020-NNN                                        | JPMCC 2020-NNN FFX 4.6254% 01/16/2037 144A                                                           | CUSIP: 46652BBN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1406000 | PA      | $337440.00    | 0.12%             | 2037-01-16      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| COSTAR GROUP INC                                                                  | COSTAR GROUP INC 2.8% 07/15/2030 144A                                                                | CUSIP: 22160NAA7<br>LEI: 984500Q1D53D08E2E698 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $952816.55    | 0.33%             | 2030-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                                 | IRON MOUNTAIN INC 4.5% 02/15/2031 144A                                                               | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    500000 | PA      | $477808.85    | 0.16%             | 2031-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                                             | WILLIAMS SCOTSMAN INC 4.625% 08/15/2028 144A                                                         | CUSIP: 96950GAE2<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    750000 | PA      | $747200.48    | 0.26%             | 2028-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AGREE LP                                                                          | AGREE LP 2.9% 10/01/2030                                                                             | CUSIP: 008513AA1<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              | CORP              | US        |    500000 | PA      | $467424.11    | 0.16%             | 2030-10-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| LXP INDUSTRIAL TRUST                                                              | LXP INDUSTRIAL TRUST 2.7% 09/15/2030                                                                 | CUSIP: 529043AE1<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              | CORP              | US        |     78000 | PA      | $71483.21     | 0.02%             | 2030-09-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                                                       | EQUINIX INC 2.95% 09/15/2051                                                                         | CUSIP: 29444UBM7<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1251587.20   | 0.43%             | 2051-09-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                                                  | LAMAR MEDIA CORP 4% 02/15/2030                                                                       | CUSIP: 513075BT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    875000 | PA      | $845929.70    | 0.29%             | 2030-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| REXFORD INDUSTRIAL REALTY LP                                                      | REXFORD INDUSTRIAL REALTY LP 2.125% 12/01/2030                                                       | CUSIP: 76169XAA2<br>LEI: 549300028US163ELJN70 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $894945.80    | 0.31%             | 2030-12-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                                  | HILTON DOMESTIC OPERATING CO INC 4% 05/01/2031 144A                                                  | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    500000 | PA      | $477273.60    | 0.16%             | 2031-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| VORNADO REALTY TRUST                                                              | VORNADO REALTY TRUST SER N 5.25% PERP PFD                                                            | CUSIP: 929042810<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      4166 | NS      | $73779.86     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC / GLOBAL NET LEASE OPERATING PARTNERSHIP LP                  | GLOBAL NET LEASE INC / GLOBAL NET LEASE OPERATING PARTNERSHIP LP 3.75% 12/15/2027 144A               | CUSIP: 37892AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    925000 | PA      | $900071.81    | 0.31%             | 2027-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI GROUP FINANCE INC / CSL CAPITAL LLC                        | UNITI GROUP LP / UNITI GROUP FINANCE INC / CSL CAPITAL LLC 6.5% 02/15/2029 144A                      | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    820000 | PA      | $797520.11    | 0.28%             | 2029-02-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                                  | HILTON DOMESTIC OPERATING CO INC 3.625% 02/15/2032 144A                                              | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    200000 | PA      | $185149.42    | 0.06%             | 2032-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC 2.9% 04/01/2041                                                                     | CUSIP: 22822VAX9<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    975000 | PA      | $711161.96    | 0.25%             | 2041-04-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC 2.1% 04/01/2031                                                                     | CUSIP: 22822VAW1<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1766683.30   | 0.61%             | 2031-04-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| WP CAREY INC                                                                      | WP CAREY INC 2.25% 04/01/2033                                                                        | CUSIP: 92936UAH2<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $845185.31    | 0.29%             | 2033-04-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| GLOBAL PARTNERS LP                                                                | GLOBAL PARTNERS LP SER B 9.5% PERP PFD                                                               | CUSIP: 37946R307<br>LEI: 549300PCHWTW9P4DU444 | Long             | EP               | CORP              | US        |     12200 | NS      | $315894.60    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MHC COML MTG TR 2021-MHC                                                          | MHC 2021 MHC G TSFR1M+331.544 9 04/15/2026 144A                                                      | CUSIP: 55316VAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1076800 | PA      | $1076800.00   | 0.37%             | 2038-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| SAFEHOLD GL HOLDINGS LLC                                                          | SAFEHOLD GL HOLDINGS LLC 2.8% 06/15/2031                                                             | CUSIP: 78646UAA7<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |    500000 | PA      | $459273.99    | 0.16%             | 2031-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                                                       | EQUINIX INC 2.5% 05/15/2031                                                                          | CUSIP: 29444UBS4<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1812486.46   | 0.63%             | 2031-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                                                           | PEBBLEBROOK HOTEL TRUST 6.375% PERP PFD                                                              | CUSIP: 70509V803<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |     20200 | NS      | $404000.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AGREE LP                                                                          | AGREE LP 2.6% 06/15/2033                                                                             | CUSIP: 008513AC7<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $862878.99    | 0.30%             | 2033-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SUNSTONE HOTEL INVS INC NEW                                                       | SUNSTONE HOTEL INVS INC SER H 6.125% PFD PERP                                                        | CUSIP: 867892804<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EP               | CORP              | US        |     20000 | NS      | $417000.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ARBOR REALTY TRUST INC                                                            | ARBOR REALTY TRUST INC SER D 6.375% PERP PFD                                                         | CUSIP: 038923876<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     12400 | NS      | $219612.68    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON GRAND VACATIONS BORROWER LLC / HILTON GRAND VACATIONS BORROWER INC         | HILTON GRAND VACATIONS BORROWER LLC / HILTON GRAND VACATIONS BORROWER INC 4.875% 07/01/2031 144A     | CUSIP: 43284MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    740000 | PA      | $690206.73    | 0.24%             | 2031-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC 2.5% 07/15/2031                                                                     | CUSIP: 22822VAY7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1343573.54   | 0.46%             | 2031-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SUN CMNTYS OPER LTD PRTNRSHP                                                      | SUN CMNTYS OPER LTD PRTNRSHP 2.7% 07/15/2031                                                         | CUSIP: 866677AE7<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2270749.33   | 0.78%             | 2031-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GLADSTONE COMMERCIAL CORP                                                         | GLADSTONE COMMERCIAL CORP SER G 6% PFD PERP                                                          | CUSIP: 376536884<br>LEI: 529900EVVV534W8R0T32 | Long             | EP               | CORP              | US        |     64500 | NS      | $1308698.55   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDIT SUISSE COM MTG TR 2021                                                     | CREDIT SUISSE COM MTG TR 2021-SOP2 F STEP 06/15/2034 144A                                            | CUSIP: 12657VAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $438965.36    | 0.15%             | 2034-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| CTO REALTY GROWTH INC                                                             | CTO REALTY GROWTH INC 6.375% PFD PERP                                                                | CUSIP: 22948Q200<br>LEI: 254900ZQ99OFO1WXS678 | Long             | EP               | CORP              | US        |     20000 | NS      | $406002.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                                          | AMERICAN HOMES 4 RENT LP 2.375% 07/15/2031                                                           | CUSIP: 02666TAC1<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1785115.20   | 0.62%             | 2031-07-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| PKHL COML MTG TR 2021-MF                                                          | PKHL COML MTG TR 2021-MF G TSFR1M+446.448 07/15/2038 144A                                            | CUSIP: 69356GAS8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $93233.85     | 0.03%             | 2038-07-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS AMER 2021-1 TR                                                      | HOME PARTNERS AMER 2021-1 TR 3.325% 09/17/2041 144A                                                  | CUSIP: 437300AL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    406471 | PA      | $367755.79    | 0.13%             | 2041-09-17      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MHP COML MTG TR 2021-STOR                                                         | MERIT 2021-STOR G TSFR1M+286.448 07/15/2038 144A                                                     | CUSIP: 55293BAP0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $249687.50    | 0.09%             | 2038-07-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| SUNSTONE HOTEL INVS INC NEW                                                       | SUNSTONE HOTEL INVS INC SER I 5.7% PERP PFD                                                          | CUSIP: 867892887<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EP               | CORP              | US        |     38700 | NS      | $747103.50    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                                                           | PEBBLEBROOK HOTEL TR SER H 5.7% PERP PFD                                                             | CUSIP: 70509V886<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |     50200 | NS      | $898580.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MHC COML MTG TR 2021-MHC                                                          | MHC COML MTG TR 2021-MHC TSFR1M+271.544 096 04/15/2038 144A                                          | CUSIP: 55316VAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    555200 | PA      | $555200.00    | 0.19%             | 2038-04-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OPERATING PARTNERSHIP LP                                         | INVITATION HOMES OPERATING PARTNERSHIP LP 2% 08/15/2031                                              | CUSIP: 46188BAA0<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $870893.69    | 0.30%             | 2031-08-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BSREP COML MTG TR 2021-DC                                                         | BSREP COML MTG TR 2021-DC TSFR1M+296.448 08/15/2038 144A                                             | CUSIP: 05591UAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     91177 | PA      | $38077.18     | 0.01%             | 2038-08-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BSREP COML MTG TR 2021-DC                                                         | BSREP COML MTG TR 2021-DC TSFR1M+396.448 08/15/2038 144A                                             | CUSIP: 05591UAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    213030 | PA      | $76226.20     | 0.03%             | 2038-08-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES INC                                                       | SUMMIT HOTEL PPTYS INC SER F 5.875% PERP PFD                                                         | CUSIP: 866082704<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               | CORP              | US        |     61000 | NS      | $1105930.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| KENNEDY-WILSON INC                                                                | KENNEDY-WILSON INC 4.75% 02/01/2030                                                                  | CUSIP: 489399AN5<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |   1755000 | PA      | $1686730.50   | 0.58%             | 2030-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VENTAS RLTY LTD PARTNERSHIP                                                       | VENTAS RLTY LTD PARTNERSHIP 2.5% 09/01/2031                                                          | CUSIP: 92277GAW7<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |    500000 | PA      | $449415.57    | 0.16%             | 2031-09-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| LXP INDUSTRIAL TRUST                                                              | LXP INDUSTRIAL TRUST 2.375% 10/01/2031                                                               | CUSIP: 529537AA0<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              | CORP              | US        |    500000 | PA      | $438300.95    | 0.15%             | 2031-10-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| PRIMA CAPITAL CRE SECURITIZATION 2020-VIII LTD                                    | PRIMA CAPITAL CRE SECURITIZATION 2020-VIII LTD 3% 12/26/2070 144A                                    | CUSIP: 74167UAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |    250000 | PA      | $214525.00    | 0.07%             | 2070-12-26      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| AGREE REALTY CORP                                                                 | AGREE REALTY CORP 4.375% PERP PFD                                                                    | CUSIP: 008492209<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     38700 | NS      | $666414.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ LODGING TRUST LP                                                              | RLJ LODGING TRUST LP 4% 09/15/2029 144A                                                              | CUSIP: 74965LAB7<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              | CORP              | US        |    715000 | PA      | $678506.26    | 0.23%             | 2029-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                            | EXTRA SPACE STORAGE LP 2.35% 03/15/2032                                                              | CUSIP: 30225VAG2<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1748360.42   | 0.60%             | 2032-03-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                                                                | RITHM CAPITAL CORP SER D 7%/VAR PFD PERP                                                             | CUSIP: 64828T706<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     17100 | NS      | $420831.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SABRA HEALTH CARE LP                                                              | SABRA HEALTH CARE LP 3.2% 12/01/2031                                                                 | CUSIP: 78574MAA1<br>LEI: 549300OVKLRFSIQG0H81 | Long             | DBT              | CORP              | US        |    415000 | PA      | $379935.00    | 0.13%             | 2031-12-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI FIBER HOLDINGS INC / CSL CAPITAL LLC                       | UNITI GRP/UNITI HLD/CSL 6% 01/15/2030 144A                                                           | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1040000 | PA      | $990521.90    | 0.34%             | 2030-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| Phillips Edison Grocery Center Operating Partnership I LP                         | Phillips Edison Grocery Center Operating Partnership I LP 2.625% 11/15/2031                          | CUSIP: 71845JAA6<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2686318.53   | 0.93%             | 2031-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NATIONAL HEALTHCARE PROPERTIES INC                                                | HEALTHCARE TRUST INC 7.125% PERP PFD                                                                 | CUSIP: 42226B303<br>LEI: 549300Z2NSUGF5NF2Y30 | Long             | EP               | CORP              | US        |     40300 | NS      | $756834.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ARBOR REALTY TRUST INC                                                            | ARBOR REALTY TRUST INC SER F 6.25%/VAR PFD PERP                                                      | CUSIP: 038923850<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     14100 | NS      | $315417.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| WP CAREY INC                                                                      | WP CAREY INC 2.45% 02/01/2032                                                                        | CUSIP: 92936UAJ8<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $883917.66    | 0.30%             | 2032-02-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS AMER 2021-2 TR                                                      | HOME PARTNERS AMER 2021-2 TR 4.505% 12/17/2026 144A                                                  | CUSIP: 43732VAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    959496 | PA      | $946042.33    | 0.33%             | 2026-12-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIES INC                                                     | HUDSON PACIFIC PROPERTIES INC 4.75% PFD PERP C                                                       | CUSIP: 444097307<br>LEI: 529900EURZA5HRSXQ389 | Long             | EP               | CORP              | US        |     22900 | NS      | $358614.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I HOMES INC                                                                     | M/I HOMES INC 3.95% 02/15/2030                                                                       | CUSIP: 55305BAV3<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |   1430000 | PA      | $1376250.88   | 0.47%             | 2030-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| STWD TR 2021-LIH                                                                  | STWD TR 2021-LIH TSFR1M+424.7 11/15/2036 144A                                                        | CUSIP: 78486EAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1280000 | PA      | $1273288.83   | 0.44%             | 2036-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| SAFEHOLD GL HOLDINGS LLC                                                          | SAFEHOLD GL HOLDINGS LLC 2.85% 01/15/2032                                                            | CUSIP: 78646UAB5<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1128557.61   | 0.39%             | 2032-01-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                                | REALTY INCOME CORP 3.1% 12/15/2029                                                                   | CUSIP: 756109BK9<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $965320.95    | 0.33%             | 2029-12-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SREIT TR 2021-MFP2                                                                | SREIT TR 2021-MFP2 TSFR1M+402.998 55 11/15/2036 144A                                                 | CUSIP: 85236WCU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $998017.90    | 0.34%             | 2036-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| CUBESMART LP                                                                      | CUBESMART LP 2.5% 02/15/2032                                                                         | CUSIP: 22966RAJ5<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1331011.53   | 0.46%             | 2032-02-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MHP 2022-MHIL MEZZ                                                                | MHP 2022-MHIL MEZZ SOFR+500 01/09/2027                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3514502 | PA      | $3426639.17   | 1.18%             | 2027-01-09      | Variable      | 0.09%                 | No            |                  3 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                                           | SBA COMMUNICATIONS CORP 3.125% 02/01/2029                                                            | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2387779.38   | 0.82%             | 2029-02-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BX TR 2022-LBA6                                                                   | BX TR 2022-LBA6 TSFR1M+335 01/15/2039 144A                                                           | CUSIP: 12433EAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $699125.00    | 0.24%             | 2039-01-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OPERATING PARTNERSHIP LP                                         | INVITATION HOMES OPERATING PARTNERSHIP LP 4.15% 04/15/2032                                           | CUSIP: 46188BAD4<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $965524.03    | 0.33%             | 2032-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                               | AMERICAN TOWER CORP 4.05% 03/15/2032                                                                 | CUSIP: 03027XBW9<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1461336.39   | 0.50%             | 2032-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                                          | AMERICAN HOMES 4 RENT LP 3.625% 04/15/2032                                                           | CUSIP: 02666TAE7<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $939231.99    | 0.32%             | 2032-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                                | VICI PROPERTIES LP 5.125% 05/15/2032                                                                 | CUSIP: 925650AD5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503073.51    | 0.17%             | 2032-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                                | VICI PROPERTIES LP 5.625% 05/15/2052                                                                 | CUSIP: 925650AE3<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    667000 | PA      | $624222.35    | 0.22%             | 2052-05-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                                                               | KIMCO REALTY OP LLC 4.6% 02/01/2033                                                                  | CUSIP: 49446RBA6<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996115.45    | 0.34%             | 2033-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AGREE LP                                                                          | AGREE LP 4.8% 10/01/2032                                                                             | CUSIP: 008513AD5<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              | CORP              | US        |     77000 | PA      | $77589.13     | 0.03%             | 2032-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                                | REALTY INCOME CORP 5.625% 10/13/2032                                                                 | CUSIP: 756109BP8<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1059643.23   | 0.37%             | 2032-10-13      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                               | AMERICAN TOWER CORP 5.65% 03/15/2033                                                                 | CUSIP: 03027XBZ2<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2103630.00   | 0.73%             | 2033-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                                                           | SIMON PROPERTY GROUP LP 5.85% 03/08/2053                                                             | CUSIP: 828807DV6<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1018380.91   | 0.35%             | 2053-03-08      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                       | PROLOGIS LP 5.25% 06/15/2053                                                                         | CUSIP: 74340XCF6<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1426968.72   | 0.49%             | 2053-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC 5.1% 05/01/2033                                                                     | CUSIP: 22822VBC4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2526210.75   | 0.87%             | 2033-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                               | AMERICAN TOWER CORP 5.55% 07/15/2033                                                                 | CUSIP: 03027XCD0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1044654.08   | 0.36%             | 2033-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                            | EXTRA SPACE STORAGE LP 5.5% 07/01/2030                                                               | CUSIP: 30225VAK3<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1040565.09   | 0.36%             | 2030-07-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC                                                                 | CBRE SERVICES INC 5.95% 08/15/2034                                                                   | CUSIP: 12505BAG5<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1862462.35   | 0.64%             | 2034-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                       | PROLOGIS LP 4.875% 06/15/2028                                                                        | CUSIP: 74340XCG4<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1022628.27   | 0.35%             | 2028-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                       | PROLOGIS LP 5.125% 01/15/2034                                                                        | CUSIP: 74340XCH2<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2044848.80   | 0.71%             | 2034-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE OPERATING CO                                                       | PUBLIC STORAGE OPERATING CO 5.1% 08/01/2033                                                          | CUSIP: 74460WAG2<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1032629.79   | 0.36%             | 2033-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE OPERATING CO                                                       | PUBLIC STORAGE OPERATING CO 5.35% 08/01/2053                                                         | CUSIP: 74460WAH0<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2415710.55   | 0.83%             | 2053-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OPERATING PARTNERSHIP LP                                         | INVITATION HOMES OPERATING PARTNERSHIP LP 5.5% 08/15/2033                                            | CUSIP: 46188BAF9<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3077217.24   | 1.06%             | 2033-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NNN REIT INC                                                                      | NNN REIT INC 5.6% 10/15/2033                                                                         | CUSIP: 637417AS5<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |    311000 | PA      | $324188.07    | 0.11%             | 2033-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS CORP TR 2023-SHIP                                                     | GS MTG SECS CORP TR 2023-SHIP 7.68138% 09/10/2038 144A                                               | CUSIP: 36270GAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003626.90   | 0.35%             | 2038-09-10      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS CORP(REIT)                                                        | REGENCY CENTERS CORP REIT SER A 6.25% PFD PERP                                                       | CUSIP: 758849889<br>LEI: 529900053A7X7FJ97S58 | Long             | EP               | CORP              | US        |     51175 | NS      | $1200053.75   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENCY CENTERS CORP(REIT)                                                        | REGENCY CENTERS CORP(REIT) 5.875% PERP PFD                                                           | CUSIP: 758849871<br>LEI: 529900053A7X7FJ97S58 | Long             | EP               | CORP              | US        |     28775 | NS      | $644560.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC                                                              | GLOBAL NET LEASE INC 7.5% PFD PERP                                                                   | CUSIP: 379378508<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |     34998 | NS      | $864100.62    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP                                                               | AMERICAN TOWER CORP 5.9% 11/15/2033                                                                  | CUSIP: 03027XCF5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1602068.66   | 0.55%             | 2033-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE INC                                                              | GLOBAL NET LEASE INC 7.375% PFD PERP E                                                               | CUSIP: 379378607<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |     19100 | NS      | $445985.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMCO REALTY OP LLC                                                               | KIMCO REALTY OP LLC 6.4% 03/01/2034                                                                  | CUSIP: 49447BAA1<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              | CORP              | US        |   1576000 | PA      | $1733944.47   | 0.60%             | 2034-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| LXP INDUSTRIAL TRUST                                                              | LXP INDUSTRIAL TRUST 6.75% 11/15/2028                                                                | CUSIP: 529043AF8<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              | CORP              | US        |     62000 | PA      | $65568.94     | 0.02%             | 2028-11-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                                                           | SIMON PROPERTY GROUP LP 6.65% 01/15/2054                                                             | CUSIP: 828807DX2<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1119841.17   | 0.39%             | 2054-01-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                                                           | SIMON PROPERTY GROUP LP 6.25% 01/15/2034                                                             | CUSIP: 828807DW4<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2184585.00   | 0.75%             | 2034-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| EG GLOBAL FINANCE PLC                                                             | EG GLOBAL FINANCE PLC 12% 11/30/2028 144A                                                            | CUSIP: 28228PAC5<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |    750000 | PA      | $811776.69    | 0.28%             | 2028-11-30      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| GLP CAP LP / GLP FING II INC                                                      | GLP CAP LP / GLP FING II INC 6.75% 12/01/2033                                                        | CUSIP: 361841AS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $541702.50    | 0.19%             | 2033-12-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                            | EXTRA SPACE STORAGE LP 5.9% 01/15/2031                                                               | CUSIP: 30225VAR8<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1058166.05   | 0.37%             | 2031-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC 5.8% 03/01/2034                                                                     | CUSIP: 22822VBE0<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    500000 | PA      | $523940.61    | 0.18%             | 2034-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BRIXMOR OPERATING PARTNERSHIP LP                                                  | BRIXMOR OPERATING PARTNERSHIP LP 5.5% 02/15/2034                                                     | CUSIP: 11120VAM5<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513438.04    | 0.18%             | 2034-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| KITE REALTY GROUP LP                                                              | KITE REALTY GROUP LP 5.5% 03/01/2034                                                                 | CUSIP: 49803XAE3<br>LEI: 549300X6R2GYI8Y3OD81 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1027887.43   | 0.35%             | 2034-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                            | EXTRA SPACE STORAGE LP 5.4% 02/01/2034                                                               | CUSIP: 30225VAS6<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2047028.10   | 0.71%             | 2034-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                       | PROLOGIS LP 5% 03/15/2034                                                                            | CUSIP: 74340XCJ8<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1523656.23   | 0.53%             | 2034-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                       | PROLOGIS LP 5.25% 03/15/2054                                                                         | CUSIP: 74340XCK5<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1425798.51   | 0.49%             | 2054-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                                          | AMERICAN HOMES 4 RENT LP 5.5% 02/01/2034                                                             | CUSIP: 02666TAG2<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1535639.67   | 0.53%             | 2034-02-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                                | REALTY INCOME CORP 4% 07/15/2029                                                                     | CUSIP: 756109CB8<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997558.06    | 0.34%             | 2029-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                                | REALTY INCOME CORP 3.4% 01/15/2030                                                                   | CUSIP: 756109CC6<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    500000 | PA      | $485536.32    | 0.17%             | 2030-01-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SAFEHOLD GL HOLDINGS LLC                                                          | SAFEHOLD GL HOLDINGS LLC 6.1% 04/01/2034                                                             | CUSIP: 785931AA4<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1488253.33   | 0.51%             | 2034-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                               | AMERICAN TOWER CORP 5.45% 02/15/2034                                                                 | CUSIP: 03027XCH1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2071842.06   | 0.71%             | 2034-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                                | VICI PROPERTIES LP 6.125% 04/01/2054                                                                 | CUSIP: 925650AG8<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |   1254000 | PA      | $1255659.58   | 0.43%             | 2054-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                                | VICI PROPERTIES LP 5.75% 04/01/2034                                                                  | CUSIP: 925650AF0<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |     32000 | PA      | $33017.84     | 0.01%             | 2034-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ESSEX PORTFOLIO LP                                                                | ESSEX PORTFOLIO LP 5.5% 04/01/2034                                                                   | CUSIP: 29717PBA4<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              | CORP              | US        |   1006000 | PA      | $1036437.42   | 0.36%             | 2034-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2024-BPR2                                                 | MORGAN STANLEY CAP I TR 2024-BPR2 7.291% 05/05/2029 144A                                             | CUSIP: 61776EAA1<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |    962329 | PA      | $1010545.46   | 0.35%             | 2029-05-05      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| AGREE LP                                                                          | AGREE LP 5.625% 06/15/2034                                                                           | CUSIP: 008513AE3<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26148.99     | 0.01%             | 2034-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| Phillips Edison Grocery Center Operating Partnership I LP                         | Phillips Edison Grocery Center Operating Partnership I LP 5.75% 07/15/2034                           | CUSIP: 71845JAB4<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1045401.27   | 0.36%             | 2034-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BX 2024 VLT4                                                                      | BX 2024 VLT4 F TSFR1M+393.788 07/15/2029 144A                                                        | CUSIP: 05612TAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $750850.28    | 0.26%             | 2041-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| EQUINIX EUROPE 2 FINANCING CORP LLC                                               | EQUINIX EUROPE 2 FINANCING CORP LLC 5.5% 06/15/2034                                                  | CUSIP: 29390XAA2<br>LEI: 254900FSZR46BPMCKI50 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1032856.26   | 0.36%             | 2034-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SWITCH ABS ISSUER LLC                                                             | SWITCH ABS ISSUER LLC 10.033% 06/25/2054 144A                                                        | CUSIP: 871044AJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    750000 | PA      | $776409.30    | 0.27%             | 2054-06-25      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                                          | AMERICAN HOMES 4 RENT LP 5.5% 07/15/2034                                                             | CUSIP: 02666TAH0<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |      3000 | PA      | $3067.85      | 0.00%             | 2034-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CHOICE HOTELS INTERNATIONAL INC                                                   | CHOICE HOTELS INTERNATIONAL INC 5.85% 08/01/2034                                                     | CUSIP: 169905AH9<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |    250000 | PA      | $256133.47    | 0.09%             | 2034-08-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CONE TR 2024-DFW1                                                                 | CONE TR 2024-DFW1 E TSFR1M+388.79 08/15/2026 144A                                                    | CUSIP: 20682AAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $499636.70    | 0.17%             | 2041-08-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| EQT TR 2024-EXTR                                                                  | EQT TR 2024-EXTR B CSTR 07/05/2041 144A                                                              | CUSIP: 29439DAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1018871.60   | 0.35%             | 2041-07-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| GLP CAP LP / GLP FING II INC                                                      | GLP CAP LP / GLP FING II INC 5.625% 09/15/2034                                                       | CUSIP: 361841AT6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $506146.50    | 0.17%             | 2034-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GLP CAP LP / GLP FING II INC                                                      | GLP CAP LP / GLP FING II INC 6.25% 09/15/2054                                                        | CUSIP: 361841AU3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $495832.25    | 0.17%             | 2054-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS CORP TR 2024-RVR                                                      | GS MTG SECS CORP TR 2024-RVR A VAR 08/10/2029 144A                                                   | CUSIP: 36272JAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $506851.85    | 0.17%             | 2041-08-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                                  | HILTON DOMESTIC OPERATING CO INC 5.875% 03/15/2033 144A                                              | CUSIP: 432833AR2<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205224.00    | 0.07%             | 2033-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AMERICOLD REALTY OPERATING PARTNERSHIP LP                                         | AMERICOLD REALTY OPERATING PARTNERSHIP LP 5.409% 09/12/2034                                          | CUSIP: 03063UAA9<br>LEI: 549300FKD9KVWNHSUU79 | Long             | DBT              | CORP              | US        |    750000 | PA      | $735363.95    | 0.25%             | 2034-09-12      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Phillips Edison Grocery Center Operating Partnership I LP                         | Phillips Edison Grocery Center Operating Partnership I LP 4.95% 01/15/2035                           | CUSIP: 71845JAC2<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1965.36      | 0.00%             | 2035-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RETAINED VANTAGE DATA CTRS ISSUER LLC / VANTAGE DATA CTRS CDA QC4 LTD PARTNERSHIP | RETAINED VANTAGE DATA CTRS ISSUER LLC / VANTAGE DATA CTRS CDA QC4 LTD PARTNERSHIP 6% 09/15/2049 144A | CUSIP: 76134KAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    553000 | PA      | $542886.29    | 0.19%             | 2049-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2024-OMNI                                       | J P MORGAN CHASE COML MTG SECS TR 2024-OMNI VAR 10/05/2039 144A                                      | CUSIP: 46593JAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    356000 | PA      | $352546.12    | 0.12%             | 2039-10-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                                                           | SIMON PROPERTY GROUP LP 4.75% 09/26/2034                                                             | CUSIP: 828807DY0<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1487529.48   | 0.51%             | 2034-09-26      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2024-NSTB                                                 | MORGAN STANLEY CAP I TR 2024-NSTB VAR 09/20/2032 144A                                                | CUSIP: 61690BAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    739000 | PA      | $713172.10    | 0.25%             | 2057-09-24      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SHR TR 2024-LXRY                                                                  | SHR TR 2024-LXRY D TSFR1M+350 10/15/2041 144A                                                        | CUSIP: 784234AG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    512000 | PA      | $517114.78    | 0.18%             | 2041-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| NXPT COML MTG TR                                                                  | NXPT COML MTG TR 6.92673% 11/05/2041 144A                                                            | CUSIP: 67119YAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1022000 | PA      | $1034451.95   | 0.36%             | 2041-11-05      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ROCC 2024-CNTR E                                                                  | ROCC 2024-CNTR E 8.81906% 11/13/2041 144A                                                            | CUSIP: 74970WAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    720000 | PA      | $765541.66    | 0.26%             | 2041-11-13      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-VLT5                                                          | BX COML MTG TR 2024-VLT5 B CSTR 11/13/2046 144A                                                      | CUSIP: 05614JAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    353000 | PA      | $362050.04    | 0.12%             | 2046-11-13      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BPR TR 2024-PMDW                                                                  | BPR TR 2024-PMDW D VAR 11/05/2029 144A                                                               | CUSIP: 05592VAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    254000 | PA      | $253801.96    | 0.09%             | 2041-11-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BFLD COML MTG TR 2024-UNIV                                                        | BFLD COML MTG TR 2024-UNIV TSFR1M+269.09 11/15/2029 144A                                             | CUSIP: 08861RAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    381000 | PA      | $383262.19    | 0.13%             | 2041-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BPR COML MTG TR 2024-PK                                                           | BPR COML MTG TR 2024-PARK C VAR 11/05/2039 144A                                                      | CUSIP: 05593UAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    303000 | PA      | $312619.07    | 0.11%             | 2039-11-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| SELF COMMERCIAL MORTGAGE TRUST 2024-STRG                                          | SELF COMMERCIAL MORTGAGE TRUST 2024-STRG TSFR1M+294.03 11/15/2034 144A                               | CUSIP: 81631WAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    212100 | PA      | $212497.69    | 0.07%             | 2034-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| SELF COMMERCIAL MORTGAGE TRUST 2024-STRG                                          | SELF COMMERCIAL MORTGAGE TRUST 2024-STRG E TSFR1M+418.849 11/15/2034 144A                            | CUSIP: 81631WAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    247800 | PA      | $248419.50    | 0.09%             | 2034-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2024-FNX                                                                 | BX TRUST 2024-FNX TSFR1M+294.018 11/15/2026 144A                                                     | CUSIP: 05593TAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    256756 | PA      | $257798.76    | 0.09%             | 2041-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2024-FNX                                                                 | BX TRUST 2024-FNX TSFR1M+393.874 11/15/2026 144A                                                     | CUSIP: 05593TAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    864135 | PA      | $863086.47    | 0.30%             | 2041-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                                                     | LGI HOMES INC 7% 11/15/2032 144A                                                                     | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    595000 | PA      | $580313.97    | 0.20%             | 2032-11-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-VLT5                                                          | BX COML MTG TR 2024-VLT5 E CSTR 11/13/2046 144A                                                      | CUSIP: 05614JAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $860155.36    | 0.30%             | 2046-11-13      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                                 | IRON MOUNTAIN INC 6.25% 01/15/2033 144A                                                              | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    500000 | PA      | $505245.50    | 0.17%             | 2033-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSHIP LP / MPT FIN CORP                                            | MPT OPER PARTNERSHIP LP/CORP 8.5% 02/15/2032 144A                                                    | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $364261.38    | 0.13%             | 2032-02-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| SWCH COML MTG TR 2025-DATA                                                        | SWCH COML MTG TR 2025-DATA F TSFR1M+418.9 03/15/2042 144A                                            | CUSIP: 78489CAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $494563.05    | 0.17%             | 2042-02-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                                             | WILLIAMS SCOTSMAN INC 6.625% 04/15/2030 144A                                                         | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    190000 | PA      | $196861.09    | 0.07%             | 2030-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2025-SPOT                                            | BX TRUST 2025-SPOT E TSFR1M+344.054 04/15/2040 144A                                                  | CUSIP: 12433FAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    906642 | PA      | $911173.42    | 0.31%             | 2040-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| AMERICOLD REALTY OPERATING PARTNERSHIP LP                                         | AMERICOLD REALTY OPERATING PARTNERSHIP LP 5.6% 05/15/2032                                            | CUSIP: 03063UAB7<br>LEI: 549300FKD9KVWNHSUU79 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1013299.30   | 0.35%             | 2032-05-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ARES TR 2025-IND3                                                                 | ARES TR 2025-IND3 E TSFR1M+355 04/15/2027 144A                                                       | CUSIP: 039955AL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1002500.00   | 0.35%             | 2042-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                                              | LAS VEGAS SANDS CORP 6% 06/14/2030                                                                   | CUSIP: 517834AN7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    500000 | PA      | $521614.93    | 0.18%             | 2030-06-14      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTYS LP and RHP FIN CORP                                               | RHP HOTEL PPTYS LP and RHP FIN CORP 6.5% 06/15/2033 144A                                             | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    295000 | PA      | $305794.64    | 0.11%             | 2033-06-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| LINEAGE OP LP                                                                     | LINEAGE OP LP 5.25% 07/15/2030 144A                                                                  | CUSIP: 53567YAA7<br>LEI: 254900CSRDL1G4SRQE89 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504257.47    | 0.17%             | 2030-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Phillips Edison Grocery Center Operating Partnership I LP                         | Phillips Edison Grocery Center Operating Partnership I LP 5.25% 08/15/2032                           | CUSIP: 71845JAD0<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |    500000 | PA      | $511822.38    | 0.18%             | 2032-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PRM TR 2025-PRM6                                                                  | PRM TR 2025-PRM6 E VAR 07/05/2033 144A                                                               | CUSIP: 74277DAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $502540.25    | 0.17%             | 2033-07-05      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| KITE REALTY GROUP LP                                                              | KITE REALTY GROUP LP 5.2% 08/15/2032                                                                 | CUSIP: 49803XAG8<br>LEI: 549300X6R2GYI8Y3OD81 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1021532.05   | 0.35%             | 2032-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                                                  | WELLTOWER OP LLC 5.125% 07/01/2035                                                                   | CUSIP: 95041AAG3<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1015395.13   | 0.35%             | 2035-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                                  | HILTON DOMESTIC OPERATING CO INC 5.75% 09/15/2033 144A                                               | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    990000 | PA      | $1008562.50   | 0.35%             | 2033-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CUSHMAN and WAKEFIELD US BORROWER LLC                                             | CUSHMAN and WAKEFIELD TERM B3 1LN 01/31/2030                                                         | CUSIP: 23340DAW2<br>LEI: 549300870CMN3WI5IF97 | Long             | LON              | CORP              | US        |     16950 | PA      | $17045.43     | 0.01%             | 2030-01-31      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| COMM 2025-180W MORTGAGE TRUST                                                     | COMM 2025-180W MORTGAGE TRUST VAR 08/10/2042 144A                                                    | CUSIP: 12597SAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1969705.00   | 0.68%             | 2042-08-10      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC REIT                                                      | MILLROSE PROPERTIES INC REIT 6.375% 08/01/2030 144A                                                  | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $239860.98    | 0.08%             | 2030-08-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GLP CAP LP / GLP FING II INC                                                      | GLP CAP LP / GLP FING II INC 5.25% 02/15/2033                                                        | CUSIP: 361841AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $500930.00    | 0.17%             | 2033-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MHP 2025-MHIL2                                                                    | MHP 2025-MHIL2 TSFR1M+350 09/15/2030 144A                                                            | CUSIP: 59317DAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1999194.80   | 0.69%             | 2040-09-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| GLP CAP LP / GLP FING II INC                                                      | GLP CAP LP / GLP FING II INC 5.75% 11/01/2037                                                        | CUSIP: 361841AW9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1340000 | PA      | $1329255.08   | 0.46%             | 2037-11-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CENTURY CMNTYS INC                                                                | CENTURY COMMUNITIES INC 6.625% 09/15/2033 144A                                                       | CUSIP: 156504AN2<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |    490000 | PA      | $496257.79    | 0.17%             | 2033-09-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC REIT                                                      | MILLROSE PROPERTIES INC REIT 6.25% 09/15/2032 144A                                                   | CUSIP: 601137AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    490000 | PA      | $495526.71    | 0.17%             | 2032-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SCG TRUST 2025-SNIP                                                               | SCG TRUST 2025-SNIP 7.65% 09/15/2042 144A                                                            | CUSIP: 78398JAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $502500.00    | 0.17%             | 2042-09-15      | Floating      | 0.07%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                                                           | UNITI GROUP TERM B 1LN 10/6/2032                                                                     | CUSIP: 97381JAK9<br>LEI: 549300L3SXBFJVGRCF66 | Long             | LON              | CORP              | US        |    500000 | PA      | $500000.00    | 0.17%             | 2032-10-06      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                                                           | WINDSTREAM SERVICES LLC 7.5% 10/15/2033 144A                                                         | CUSIP: 97382BAB5<br>LEI: 549300L3SXBFJVGRCF66 | Long             | DBT              | CORP              | US        |    250000 | PA      | $258113.31    | 0.09%             | 2033-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2025-ESH                                              | EXTENDED STAY AMERICA TRUST 2025-ESH F TSFR1M+410 10/15/2042 144A                                    | CUSIP: 30227TAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1012500.00   | 0.35%             | 2042-10-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX TR 2025-OMG                                                                    | BX TR 2025-OMG VAR 10/15/2027 144A                                                                   | CUSIP: 05619HAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1000400.00   | 0.35%             | 2042-10-15      | Variable      | 0.07%                 | No            |                  3 | On Loan: No      |
| WULF COMPUTE LLC                                                                  | WULF COMPUTE LLC 7.75% 10/15/2030 144A                                                               | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    565000 | PA      | $589306.30    | 0.20%             | 2030-10-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| BRES COML MTG TR 2025-ATCAP                                                       | BRES COML MTG TR 2025-ATCAP F TSFR1M+518.85 11/15/2042 144A                                          | CUSIP: 05619GAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1002306.60   | 0.35%             | 2042-11-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES INC                                                   | TAYLOR MORRISON COMMUNITIES INC 5.75% 11/15/2032 144A                                                | CUSIP: 87724RAK8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    235000 | PA      | $241208.70    | 0.08%             | 2032-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CIPHER COMPUTE LLC                                                                | CIPHER COMPUTE LLC 7.125% 11/15/2030 144A                                                            | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $190626.04    | 0.07%             | 2030-11-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ELP 2025-ELP                                                                      | ELP 2025-ELP E VAR 11/13/2042 144A                                                                   | CUSIP: 290154AJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    455000 | PA      | $463634.03    | 0.16%             | 2042-11-13      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                                  | HILTON DOMESTIC OPERATING CO INC 5.5% 03/31/2034 144A                                                | CUSIP: 432833AT8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    470000 | PA      | $472267.28    | 0.16%             | 2034-03-31      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ESSEX PORTFOLIO LP                                                                | ESSEX PORTFOLIO LP 4.875% 02/15/2036                                                                 | CUSIP: 29717PBD8<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $974257.65    | 0.34%             | 2036-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NYC COML MTG TR 2025-77C                                                          | NYC COML MTG TR 2025-77C 4.93833%/VAR 01/10/2038 144A                                                | CUSIP: 67123LAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    115000 | PA      | $115605.51    | 0.04%             | 2036-01-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NYC COML MTG TR 2025-77C                                                          | NYC COML MTG TR 2025-77C E VAR 01/10/2038 144A                                                       | CUSIP: 67123LAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    235000 | PA      | $237274.94    | 0.08%             | 2036-01-10      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BANK 2025-BNK51                                                                   | BANK 2025-BNK51 5.904% 12/25/2067                                                                    | CUSIP: 06541HAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    825000 | PA      | $843623.39    | 0.29%             | 2067-12-25      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| FLASH COMPUTE LLC                                                                 | FLASH COMPUTE LLC 7.25% 12/31/2030 144A                                                              | CUSIP: 33853QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    480000 | PA      | $481628.64    | 0.17%             | 2030-12-31      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMER TR 2026-ESH2                                                   | EXTENDED STAY AMER TR 2026-ESH2 TSFR1M+315 02/15/2043 144A                                           | CUSIP: 30227WAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    780000 | PA      | $786337.50    | 0.27%             | 2043-02-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMER TR 2026-ESH2                                                   | EXTENDED STAY AMER TR 2026-ESH2 7.67% 02/15/2043 144A                                                | CUSIP: 30227WAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    285000 | PA      | $287850.00    | 0.10%             | 2043-02-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

**Name of Applicant:** Stacie M. Smith

**Signature:** Stacie M. Smith

**Name of Signer:** Stacie M. Smith

**Title:** President and Treasurer