# EDGAR Filing Document

**Accession Number:** 0001272950
**File Stem:** 0000940400-25-009954
**Filing Date:** 2025-11
**Character Count:** 152770
**Document Hash:** b581ec3141d3d7c148b06cf2d3a46e38
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-009954.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000940400-25-009954

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RBC FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001272950

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21475
- **FILM NUMBER:** 251513817

**BUSINESS ADDRESS:**
- **STREET 1:** 250 NICOLLET MALL
- **STREET 2:** SUITE 1550
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55401
- **BUSINESS PHONE:** 612-380-1198

**MAIL ADDRESS:**
- **STREET 1:** 250 NICOLLET MALL
- **STREET 2:** SUITE 1550
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55401

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TAMARACK FUNDS TRUST
- **DATE OF NAME CHANGE:** 20031212

## Series and Classes Contracts Data

### RBC BlueBay Impact Bond Fund (Series ID: S000059868)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000195863 | Class I      | RIBIX           |
| C000195864 | Class R6     | RIBRX           |
| C000217811 | Class A      | RIBAX           |
| C000227055 | Class Y      | RIBYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** RBC Funds Trust

- **b. Investment Company Act file number:** 811-21475

- **c. CIK number of Registrant:** 0001272950

- **d. LEI of Registrant:** 549300456VUEP58RCU35

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

  - **Street Address 1:** 250 Nicollet Mall

  - **City:** Minneapolis

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55401

  - **Telephone number:** 612-376-7000

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

- **a. Name of Series:** RBC BlueBay Impact Bond Fund

- **b. EDGAR series identifier (if any):** S000059868

- **c. LEI of Series:** 549300PDRJN9B3EOEM95

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

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

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $286536049.78

**Total Liabilities:** $3534235.54

**Net Assets:** $283001814.24

**Stand-by Commitments:** $2415000.00

**Cash Not Reported:** $4790.47

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 725.82000000 | **1-Year:** 17611.40000000 | **5-Year:** 44264.87000000 | **10-Year:** 31974.55000000 | **30-Year:** 6496.79000000

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

- **3-Month:** 95.08000000 | **1-Year:** 2248.55000000 | **5-Year:** 4438.41000000 | **10-Year:** 5299.48000000 | **30-Year:** 1875.88000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227055 | -0.47%               | 1.39%                | 0.10%                |
| Class ID C000195864 | -0.58%               | 1.51%                | 0.10%                |
| Class ID C000217811 | -0.61%               | 1.37%                | 0.20%                |
| Class ID C000195863 | -0.47%               | 1.39%                | 0.10%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-226021.77              | $-1424300.86                               |
| Month 2  | $11020.85                | $2504099.89                                |
| Month 3  | $109806.84               | $-1317076.37                               |

**Designated Index Information**

- **Index Name:** Bloomberg Barclays U.S. Aggregate

- **Index Identifier:** ULBF1TRUSD

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| RHODE ISLAND INFRASTRUCTURE BA                | Rhode Island Infrastructure Bank                                                | CUSIP: 76222FDJ4<br>LEI: 54930022Z6KOPRSQCG49 | Long             | DBT              | MUN               | US        |    150000 | PA      | $145058.89    | 0.05%             | 2028-10-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| SUNNYVALE CA WSTWTR REVENUE                   | City of Sunnyvale CA Wastewater Revenue                                         | CUSIP: 867604BT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99655.78     | 0.04%             | 2026-04-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| SBA                                           | SBA                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    270000 | PA      | $5208.49      | 0.00%             | 2031-08-02      | Fixed         | 1.23%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83164MTT6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     50091 | PA      | $53140.84     | 0.02%             | 2044-09-25      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83165BET5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    105435 | PA      | $111562.73    | 0.04%             | 2046-01-25      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QNSR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2086225 | PA      | $1912606.30   | 0.68%             | 2052-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    222833 | PA      | $2363.45      | 0.00%             | 2031-04-15      | Floating      | 0.78%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316A0YA2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    247023 | PA      | $266553.25    | 0.09%             | 2034-12-25      | Floating      | 8.36%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QNB76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1348873 | PA      | $1193030.63   | 0.42%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                           | Elevance Health Inc                                                             | CUSIP: 036752AY9<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $3189873.78   | 1.13%             | 2029-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    443934 | PA      | $3199.39      | 0.00%             | 2031-06-15      | Floating      | 0.53%                 | No            |                  2 | On Loan: No      |
| LANCASTER CA PWR AUTH REVENUE                 | Lancaster Power Authority                                                       | CUSIP: 513793BC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $445034.35    | 0.16%             | 2034-11-01      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| PRSVN OF AFFORD HOUSING                       | Preservation Of Affordable Housing Inc                                          | CUSIP: 74082VAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2160000 | PA      | $2147901.21   | 0.76%             | 2032-12-01      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140Q93D3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     16155 | PA      | $15922.29     | 0.01%             | 2048-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    187500 | PA      | $639.73       | 0.00%             | 2034-04-01      | Fixed         | 0.23%                 | No            |                  2 | On Loan: No      |
| NATURE CONSERVANCY (THE)                      | Nature Conservancy/The                                                          | CUSIP: 63902HAM1<br>LEI: 549300GJ1IZME7V1JJ28 | Long             | DBT              | CORP              | US        |     70000 | PA      | $63468.65     | 0.02%             | 2029-07-01      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| PARKER CO WTR & SANTN DIST                    | Parker Water & Sanitation District/CO                                           | CUSIP: 701057BZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $257809.12    | 0.09%             | 2029-08-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    389700 | PA      | $2650.12      | 0.00%             | 2046-05-17      | Floating      | 0.28%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA HSG FIN A                | District of Columbia Housing Finance Agency                                     | CUSIP: 254768VF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $189235.75    | 0.07%             | 2028-03-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| AMERICAN WATER CAPITAL C                      | American Water Capital Corp                                                     | CUSIP: 03040WBF1<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |   2720000 | PA      | $2790476.23   | 0.99%             | 2035-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                             | Johnson & Johnson                                                               | CUSIP: 478160DJ0<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1338897.36   | 0.47%             | 2030-03-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| (Sunnova) Aurora I Issuer, LLC                | Sunnova Helios XIII Issuer LLC                                                  | CUSIP: 86745CAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2192728 | PA      | $1751621.64   | 0.62%             | 2051-02-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ECONOMY PA MUNI AUTH SWR REVEN                | Economy Borough Municipal Authority                                             | CUSIP: 27915REJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $766276.03    | 0.27%             | 2028-12-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QP5Z6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1710856 | PA      | $1667576.46   | 0.59%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3138LEUY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2849618 | PA      | $2743454.91   | 0.97%             | 2028-07-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                     | Amgen Inc                                                                       | CUSIP: 031162DR8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3625738.81   | 1.28%             | 2033-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NY STATE ELECTRIC & GAS                       | New York State Electric & Gas Corp                                              | CUSIP: 649840CX1<br>LEI: 549300GEC6J0YHUXA160 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3411106.00   | 1.21%             | 2035-08-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| DH EUROPE FINANCE II                          | DH Europe Finance II Sarl                                                       | CUSIP: 23291KAH8<br>LEI: 222100KDGL314CKTZ511 | Long             | DBT              | CORP              | LU        |    995000 | PA      | $937313.68    | 0.33%             | 2029-11-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| RECKITT BENCKISER TSY                         | Reckitt Benckiser Treasury Services PLC                                         | CUSIP: 75625QAE9<br>LEI: 213800LAXWIUOOBZ3908 | Long             | DBT              | CORP              | GB        |   2500000 | PA      | $2457543.36   | 0.87%             | 2027-06-26      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PORTLAND OR                                   | City of Portland OR                                                             | CUSIP: 736679C25<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |    350000 | PA      | $329151.91    | 0.12%             | 2028-06-15      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KPSB5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1616836 | PA      | $1576434.96   | 0.56%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KKCR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    238448 | PA      | $203060.99    | 0.07%             | 2050-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    187500 | PA      | $2223.88      | 0.00%             | 2034-03-28      | Fixed         | 0.73%                 | No            |                  2 | On Loan: No      |
| DORIS DUKE CHARITABLE                         | Doris Duke Charitable Foundation/The                                            | CUSIP: 258261AA4<br>LEI: HFI2KJN5A6RHAGMWK984 | Long             | DBT              | CORP              | US        |    100000 | PA      | $57026.63     | 0.02%             | 2050-07-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KLX28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    761455 | PA      | $646532.80    | 0.23%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316A02Y5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    464402 | PA      | $515350.87    | 0.18%             | 2035-04-25      | Floating      | 9.11%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                      | Thermo Fisher Scientific Inc                                                    | CUSIP: 883556CL4<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $1988163.91   | 0.70%             | 2031-10-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    129939 | PA      | $4180.14      | 0.00%             | 2033-12-12      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140NYDD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1534000 | PA      | $1556701.42   | 0.55%             | 2030-02-01      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133C6S91<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1820014 | PA      | $1823404.06   | 0.64%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KHUU8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    146754 | PA      | $125202.31    | 0.04%             | 2050-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                        | UnitedHealth Group Inc                                                          | CUSIP: 91324PFA5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2563287.99   | 0.91%             | 2031-04-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QSRE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1977356 | PA      | $2011458.12   | 0.71%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    103500 | PA      | $1097.76      | 0.00%             | 2031-08-15      | Floating      | 0.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140NW2P9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1875000 | PA      | $1922686.97   | 0.68%             | 2029-12-01      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA WTR & WSTWTR R                | City of Philadelphia PA Water & Wastewater Revenue                              | CUSIP: 717893K34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $183238.57    | 0.06%             | 2028-10-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    940950 | PA      | $29251.78     | 0.01%             | 2046-04-07      | Floating      | 1.28%                 | No            |                  2 | On Loan: No      |
| Sunnova Helios VIII Issuer, LL                | Sunnova Sol IV Issuer LLC                                                       | CUSIP: 86745AAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3558386 | PA      | $2437675.09   | 0.86%             | 2049-02-22      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| RAYMOND JAMES BANK, N.A.                      | Small Business Administration Pools                                             | CUSIP: 83164MHN2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      8300 | PA      | $8455.30      | 0.00%             | 2028-02-25      | Floating      | 8.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KLAC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    297207 | PA      | $241757.69    | 0.09%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| WALNUT VLY CA WTR DIST WTR REV                | Walnut Valley Water District/CA                                                 | CUSIP: 933002AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $309039.20    | 0.11%             | 2026-06-01      | Fixed         | 0.96%                 | No            |                  2 | On Loan: No      |
| (Sunnova) Aurora I Issuer, LLC                | Sunnova Helios VII Issuer LLC                                                   | CUSIP: 86745RAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    775110 | PA      | $636594.68    | 0.22%             | 2048-10-20      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QQQV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2131331 | PA      | $2163862.39   | 0.76%             | 2052-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140Y7BR8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4774453 | PA      | $5002821.32   | 1.77%             | 2055-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LANCASTER CA PWR AUTH REVENUE                 | Lancaster Power Authority                                                       | CUSIP: 513793AW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $267278.80    | 0.09%             | 2028-11-01      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3138LLW68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     85928 | PA      | $84330.52     | 0.03%             | 2027-12-01      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83165BBY7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     26570 | PA      | $27614.66     | 0.01%             | 2029-06-25      | Floating      | 8.73%                 | No            |                  2 | On Loan: No      |
| WALNUT VLY CA WTR DIST WTR REV                | Walnut Valley Water District/CA                                                 | CUSIP: 933002AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $304857.99    | 0.11%             | 2028-06-01      | Fixed         | 1.37%                 | No            |                  2 | On Loan: No      |
| J.V.B. FINANCIAL GROUP. LLC                   | Small Business Administration Pools                                             | CUSIP: 83164NBS5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    306854 | PA      | $321986.35    | 0.11%             | 2031-09-25      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    149272 | PA      | $4802.09      | 0.00%             | 2033-08-10      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140NUV63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3011502 | PA      | $3147030.53   | 1.11%             | 2031-06-01      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QPYL5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1774534 | PA      | $1729918.00   | 0.61%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    108364 | PA      | $369.73       | 0.00%             | 2034-01-01      | Fixed         | 0.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QQJM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1765309 | PA      | $1761380.01   | 0.62%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                            | Royalty Pharma PLC                                                              | CUSIP: 78081BAQ6<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |   1940000 | PA      | $1991398.03   | 0.70%             | 2029-09-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316A0ZX1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    797495 | PA      | $887566.11    | 0.31%             | 2035-02-25      | Floating      | 9.36%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QHBS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    304087 | PA      | $247354.39    | 0.09%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    197638 | PA      | $5555.23      | 0.00%             | 2033-10-27      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| Luminace ABS-2022 Issuer, LLC                 | Luminace ABS-2022 Issuer LLC                                                    | CUSIP: 55026CAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3042293 | PA      | $2994963.60   | 1.06%             | 2062-07-31      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    262500 | PA      | $3113.43      | 0.00%             | 2034-03-26      | Fixed         | 0.73%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Gold Pool                                                           | CUSIP: 3132LAAF9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     43243 | PA      | $41429.86     | 0.01%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83164M5V7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     52472 | PA      | $55937.57     | 0.02%             | 2031-01-25      | Floating      | 9.82%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QAZR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    252210 | PA      | $233156.85    | 0.08%             | 2049-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                     | Fannie Mae or Freddie Mac                                                       | CUSIP: 01F0206A2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3000000 | PA      | $2417997.00   | 0.85%             | 2055-10-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316A0YE4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    419784 | PA      | $460451.83    | 0.16%             | 2034-12-25      | Floating      | 9.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QAGW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     60536 | PA      | $58286.50     | 0.02%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CUCAMONGA VLY WTR DIST FING AU                | Cucamonga Valley Water District Financing Authority                             | CUSIP: 22972PDS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $201307.41    | 0.07%             | 2027-09-01      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KPH76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1889842 | PA      | $1788918.76   | 0.63%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    404563 | PA      | $10120.43     | 0.00%             | 2046-04-15      | Floating      | 1.03%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140NYDC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $2029597.68   | 0.72%             | 2030-02-01      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA HSG FIN A                | District of Columbia Housing Finance Agency                                     | CUSIP: 254768VL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $526799.75    | 0.19%             | 2031-03-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    187500 | PA      | $639.73       | 0.00%             | 2034-04-01      | Fixed         | 0.23%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316A0ZZ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    683863 | PA      | $756185.52    | 0.27%             | 2035-02-25      | Floating      | 9.11%                 | No            |                  2 | On Loan: No      |
| FHN FINANCIAL CAPITAL MARKETS                 | Small Business Administration Pools                                             | CUSIP: 8316A0AN0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    195141 | PA      | $204920.95    | 0.07%             | 2032-01-25      | Floating      | 8.38%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316A02Z2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    182615 | PA      | $203899.87    | 0.07%             | 2035-04-25      | Floating      | 9.36%                 | No            |                  2 | On Loan: No      |
| HIDALGO CNTY TX DRAIN DIST #1                 | Hidalgo County Drain District No 1                                              | CUSIP: 429335LT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $214506.91    | 0.08%             | 2027-09-01      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 831628E32<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     39372 | PA      | $39349.86     | 0.01%             | 2030-07-25      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| DALLAS TX AREA RAPID TRANSIT S                | Dallas Area Rapid Transit                                                       | CUSIP: 235241VQ6<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |    800000 | PA      | $692016.48    | 0.24%             | 2032-12-01      | Fixed         | 2.18%                 | No            |                  2 | On Loan: No      |
| HCA INC                                       | HCA Inc                                                                         | CUSIP: 404119CY3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2340968.04   | 0.83%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON                 | Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue | CUSIP: 592098X85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $153610.23    | 0.05%             | 2027-07-01      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QSKV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1208533 | PA      | $1220130.86   | 0.43%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140H1WT3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9054 | PA      | $8664.82      | 0.00%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA                  | City & County of San Francisco CA                                               | CUSIP: 7976466A9<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97113.46     | 0.03%             | 2027-06-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $460.61       | 0.00%             | 2034-04-01      | Fixed         | 0.23%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD REVENUE                          | City of Baltimore MD                                                            | CUSIP: 059231X62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $211907.52    | 0.07%             | 2028-07-01      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pas                | FRESB 2021-SB87 Mortgage Trust                                                  | CUSIP: 30320VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    866848 | PA      | $849346.06    | 0.30%             | 2041-04-25      | Variable      | 0.78%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX UTILITY SYS REVENUE                | City of Houston TX Combined Utility System Revenue                              | CUSIP: 44244CXQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $245183.49    | 0.09%             | 2026-11-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    186547 | PA      | $6001.21      | 0.00%             | 2033-12-18      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.   | US ULTRA BOND CBT                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       104 | NC      | $331243.12    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA                                           | SBA                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    139500 | PA      | $2691.05      | 0.00%             | 2031-09-16      | Fixed         | 1.23%                 | No            |                  2 | On Loan: No      |
| SANTA ROSA CA WSTWTR REVENUE                  | City of Santa Rosa CA Wastewater Revenue                                        | CUSIP: 802649TQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $668940.87    | 0.24%             | 2031-09-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| NARRAGANSETT BAY RI COMMISSION                | Narragansett Bay Commission                                                     | CUSIP: 631060CR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1181991.51   | 0.42%             | 2030-09-01      | Fixed         | 2.09%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316A0ZW3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    247546 | PA      | $285013.61    | 0.10%             | 2035-03-25      | Floating      | 10.86%                | No            |                  2 | On Loan: No      |
| NARRAGANSETT BAY RI COMMISSION                | Narragansett Bay Commission                                                     | CUSIP: 631060CT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $351477.45    | 0.12%             | 2032-09-01      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| OMAHA NE SANTN SWR REVENUE                    | City of Omaha NE Sewer Revenue                                                  | CUSIP: 681810NH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98611.12     | 0.03%             | 2026-04-01      | Fixed         | 1.03%                 | No            |                  2 | On Loan: No      |
| MARQUETTE MI BROWNFIELD REDEV                 | Marquette Brownfield Redevelopment Authority                                    | CUSIP: 57143YBU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $93768.61     | 0.03%             | 2027-05-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP                                | Solventum Corp                                                                  | CUSIP: 83444MAN1<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    511000 | PA      | $519276.82    | 0.18%             | 2027-02-25      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| TUCSON AZ WTR REVENUE                         | City of Tucson AZ Water System Revenue                                          | CUSIP: 898797HY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $226697.88    | 0.08%             | 2030-07-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83164M2L2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     31638 | PA      | $33093.55     | 0.01%             | 2030-07-25      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| COMMUNITY PRESERVATION C                      | Community Preservation Corp/The                                                 | CUSIP: 20402CAA3<br>LEI: 254900CWS66ZXCS6P481 | Long             | DBT              | CORP              | US        |    250000 | PA      | $232205.79    | 0.08%             | 2030-02-01      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pas                | FRESB 2019-SB59 Mortgage Trust                                                  | CUSIP: 302970AG3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    119039 | PA      | $116934.70    | 0.04%             | 2029-01-25      | Variable      | 3.47%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140NWLA1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2470000 | PA      | $2494989.23   | 0.88%             | 2029-10-01      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| J.V.B. FINANCIAL GROUP. LLC                   | Small Business Administration Pools                                             | CUSIP: 8316A0A75<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    402412 | PA      | $419833.35    | 0.15%             | 2031-10-25      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QKUA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    350507 | PA      | $299454.02    | 0.11%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140NXHN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1610000 | PA      | $1637197.79   | 0.58%             | 2030-01-01      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| INT DEVELOPMENT FIN CORP                      | United States International Development Finance Corp                            | CUSIP: 90376PDF5<br>LEI: 254900QI8QTIK0FY6E92 | Long             | DBT              | USGA              | US        |   1000000 | PA      | $948075.36    | 0.34%             | 2028-04-15      | Fixed         | 1.44%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316A0XF2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    473138 | PA      | $540791.69    | 0.19%             | 2034-10-25      | Floating      | 11.11%                | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140H6WU9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     35035 | PA      | $33526.33     | 0.01%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     48450 | PA      | $344.98       | 0.00%             | 2034-04-01      | Fixed         | 0.48%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    437400 | PA      | $13597.67     | 0.00%             | 2046-06-23      | Floating      | 1.28%                 | No            |                  2 | On Loan: No      |
| IDAHO ENERGY RESOURCES AUTH TR                | Idaho Energy Resources Authority                                                | CUSIP: 451174AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $350834.96    | 0.12%             | 2046-09-01      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QSRD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1854209 | PA      | $1847146.76   | 0.65%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A                | California Health Facilities Financing Authority                                | CUSIP: 13032UXS2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    815000 | PA      | $741676.80    | 0.26%             | 2030-06-01      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    344250 | PA      | $1076.64      | 0.00%             | 2031-05-15      | Floating      | 0.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140H36G6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20291 | PA      | $19417.56     | 0.01%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133BD4M4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    656119 | PA      | $621181.50    | 0.22%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140KTLE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    275220 | PA      | $236005.13    | 0.08%             | 2050-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SBA                                           | SBA                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    346986 | PA      | $6693.60      | 0.00%             | 2031-05-10      | Fixed         | 1.23%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST CAPITOL IMPT AUTH                 | Oklahoma Capitol Improvement Authority                                          | CUSIP: 679088KK9<br>LEI: 549300LYHYBINTZ5AY71 | Long             | DBT              | MUN               | US        |    745000 | PA      | $710518.29    | 0.25%             | 2029-07-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| WSTRN NASSAU CNTY NY WTR AUTH                 | Western Nassau County Water Authority                                           | CUSIP: 958792FN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $506024.09    | 0.18%             | 2034-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Gold Pool                                                           | CUSIP: 3132LA6A5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     58391 | PA      | $54468.94     | 0.02%             | 2049-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N E IA CMNTY CLG                              | Northeast Iowa Community College/IA                                             | CUSIP: 664214MT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99717.64     | 0.04%             | 2026-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KHS56<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    166695 | PA      | $148448.00    | 0.05%             | 2050-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A                | California Health Facilities Financing Authority                                | CUSIP: 13032UXQ6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    250000 | PA      | $236141.51    | 0.08%             | 2028-06-01      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| RUSSELLVILLE AR WTR & SWR REVE                | City of Russellville AR Water & Sewer Revenue                                   | CUSIP: 782816CH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97987.81     | 0.03%             | 2026-07-01      | Fixed         | 1.23%                 | No            |                  2 | On Loan: No      |
| LANCASTER CA PWR AUTH REVENUE                 | Lancaster Power Authority                                                       | CUSIP: 513793BD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $631726.34    | 0.22%             | 2035-11-01      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133ACLM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    184827 | PA      | $157283.07    | 0.06%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                | SWCH Commercial Mortgage Trust 2025-DATA                                        | CUSIP: 78489CAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1550000 | PA      | $1542032.52   | 0.54%             | 2042-02-15      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Gold Pool                                                           | CUSIP: 3132LALR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     39479 | PA      | $37917.91     | 0.01%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    164250 | PA      | $560.41       | 0.00%             | 2034-03-01      | Fixed         | 0.23%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316AGAM7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    259035 | PA      | $297718.11    | 0.11%             | 2034-05-25      | Fixed         | 10.62%                | No            |                  2 | On Loan: No      |
| RHODE ISLAND INFRASTRUCTURE BA                | Rhode Island Infrastructure Bank State Revolving Fund                           | CUSIP: 76223MAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $930135.35    | 0.33%             | 2028-10-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| INT DEVELOPMENT FIN CORP                      | United States International Development Finance Corp                            | CUSIP: 6903538C4<br>LEI: 254900QI8QTIK0FY6E92 | Long             | DBT              | USGA              | US        |    500000 | PA      | $569196.69    | 0.20%             | 2026-01-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| J.V.B. FINANCIAL GROUP. LLC                   | Small Business Administration Pools                                             | CUSIP: 83164NBJ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    584359 | PA      | $625432.14    | 0.22%             | 2046-08-25      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization T                | Tricolor Auto Securitization Trust 2024-3                                       | CUSIP: 89617AAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $656446.50    | 0.23%             | 2029-04-16      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3138LCR72<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2125753 | PA      | $2108416.88   | 0.75%             | 2026-03-01      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P                | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137F72G9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    291290 | PA      | $247026.47    | 0.09%             | 2036-01-25      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| BLUEHUB LOAN FUND                             | BlueHub Loan Fund Inc                                                           | CUSIP: 095623AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $246238.69    | 0.09%             | 2027-01-01      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES INC                      | Agilent Technologies Inc                                                        | CUSIP: 00846UAL5<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2462026.00   | 0.87%             | 2029-09-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    179309 | PA      | $611.78       | 0.00%             | 2034-03-01      | Fixed         | 0.23%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 831628ES7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     13575 | PA      | $13886.08     | 0.00%             | 2029-09-25      | Fixed         | 9.07%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140KGWB5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    108333 | PA      | $92323.22     | 0.03%             | 2050-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| RAYMOND JAMES BANK, N.A.                      | Small Business Administration Pools                                             | CUSIP: 83164MHG7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6074 | PA      | $6068.74      | 0.00%             | 2028-02-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| SBA Individual Loan                           | SBA Individual Loan                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1064 | PA      | $1063.67      | 0.00%             | 2025-10-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140HBQ76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     39598 | PA      | $38077.57     | 0.01%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140Q8FG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     29841 | PA      | $28615.63     | 0.01%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83164NAS6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    156484 | PA      | $162830.97    | 0.06%             | 2031-06-25      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| AVANGRID INC                                  | Avangrid Inc                                                                    | CUSIP: 05351WAB9<br>LEI: 549300OX0Q38NLSKPB49 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1325815.86   | 0.47%             | 2029-06-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HS                | Connecticut Housing Finance Authority                                           | CUSIP: 20775H8B2<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   2775000 | PA      | $2790294.34   | 0.99%             | 2028-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QKRA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    949279 | PA      | $805715.39    | 0.28%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                         | Becton Dickinson & Co                                                           | CUSIP: 075887CU1<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |   2780000 | PA      | $2854593.07   | 1.01%             | 2029-06-07      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Gold Pool                                                           | CUSIP: 3132Y3QF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     36974 | PA      | $35423.57     | 0.01%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENVUE INC                                    | Kenvue Inc                                                                      | CUSIP: 49177JAH5<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2568567.96   | 0.91%             | 2030-03-22      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HENDERSON NV                                  | City of Henderson NV                                                            | CUSIP: 4252007E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $239414.12    | 0.08%             | 2028-06-01      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| BX Trust                                      | BX Commercial Mortgage Trust 2022-AHP                                           | CUSIP: 05610FAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2800000 | PA      | $2793775.73   | 0.99%             | 2039-01-17      | Floating      | 6.24%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QVCN2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2053154 | PA      | $2083555.01   | 0.74%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN WATER CAPITAL C                      | American Water Capital Corp                                                     | CUSIP: 03040WBA2<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3144603.50   | 1.11%             | 2032-06-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140Q8FJ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13957 | PA      | $12994.44     | 0.00%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83165BAB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     10929 | PA      | $11214.24     | 0.00%             | 2028-11-25      | Floating      | 8.49%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83164M4H9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     33563 | PA      | $35612.46     | 0.01%             | 2030-10-25      | Floating      | 9.82%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KJA51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    130795 | PA      | $111506.10    | 0.04%             | 2050-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA HSG FIN A                | District of Columbia Housing Finance Agency                                     | CUSIP: 254768VB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $345872.06    | 0.12%             | 2026-03-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140KAYP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    388417 | PA      | $329674.81    | 0.12%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WALNUT VLY CA WTR DIST WTR REV                | Walnut Valley Water District/CA                                                 | CUSIP: 933002AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $306560.82    | 0.11%             | 2027-06-01      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| OREGON ST                                     | State of Oregon                                                                 | CUSIP: 68609TVP0<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    345000 | PA      | $331427.65    | 0.12%             | 2027-06-01      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| TIFT CNTY GA HOSP AUTH                        | Tift County Hospital Authority                                                  | CUSIP: 886640HY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $422519.01    | 0.15%             | 2025-12-01      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| CUCAMONGA VLY WTR DIST FING AU                | Cucamonga Valley Water District Financing Authority                             | CUSIP: 22972PCL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1494493.33   | 0.53%             | 2027-09-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| LANCASTER CA PWR AUTH REVENUE                 | Lancaster Power Authority                                                       | CUSIP: 513793BB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $450733.40    | 0.16%             | 2033-11-01      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3132XDB77<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1965614 | PA      | $2009109.08   | 0.71%             | 2030-01-01      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| ROWLAND CA WTR DIST WTR REVENU                | Rowland Water District                                                          | CUSIP: 779657BG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $648214.54    | 0.23%             | 2036-12-01      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.   | US LONG BOND(CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       142 | NC      | $356878.66    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SAN DIEGO CNTY CA WTR AUTH                    | San Diego County Water Authority                                                | CUSIP: 797412DP5<br>LEI: 549300Y0QN5OFKA1G520 | Long             | DBT              | MUN               | US        |    125000 | PA      | $119961.21    | 0.04%             | 2027-05-01      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133ASXY4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    916986 | PA      | $743674.09    | 0.26%             | 2051-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    127500 | PA      | $4101.68      | 0.00%             | 2033-11-16      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                       | Bristol-Myers Squibb Co                                                         | CUSIP: 110122EF1<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2565592.09   | 0.91%             | 2029-02-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST GREEN BANK                     | Connecticut Green Bank                                                          | CUSIP: 207580AU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $305793.65    | 0.11%             | 2028-11-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| HALEON US CAPITAL LLC                         | Haleon US Capital LLC                                                           | CUSIP: 36264FAM3<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |   2114000 | PA      | $2002936.04   | 0.71%             | 2032-03-24      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST DEPT OF WTR RESO                | State of California Department of Water Resources                               | CUSIP: 13067WRD6<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |    100000 | PA      | $96771.84     | 0.03%             | 2026-12-01      | Fixed         | 0.92%                 | No            |                  2 | On Loan: No      |
| VERMONT ST HSG FIN AGY PROPERT                | Vermont Housing Finance Agency Property Transfer Tax Revenue                    | CUSIP: 92419RAN2<br>LEI: 549300RD7EYN90K0W008 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97038.86     | 0.03%             | 2029-11-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA                                | City of Los Angeles CA                                                          | CUSIP: 544351LP2<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97223.28     | 0.03%             | 2028-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| SBA                                           | SBA                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    450000 | PA      | $3387.65      | 0.00%             | 2031-09-01      | Fixed         | 0.48%                 | No            |                  2 | On Loan: No      |
| LOW INCOME INVESTMENT                         | Low Income Investment Fund                                                      | CUSIP: 54750AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1255875.10   | 0.44%             | 2029-07-01      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83164M3S6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     68583 | PA      | $71346.06     | 0.03%             | 2045-11-25      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A                | California Health Facilities Financing Authority                                | CUSIP: 13032UXW3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    990000 | PA      | $829785.14    | 0.29%             | 2035-06-01      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                       | Astrazeneca Finance LLC                                                         | CUSIP: 04636NAE3<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |   2892000 | PA      | $2736988.64   | 0.97%             | 2028-05-28      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| HIDALGO CNTY TX DRAIN DIST #1                 | Hidalgo County Drain District No 1                                              | CUSIP: 429335LS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $268105.78    | 0.09%             | 2026-09-01      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                | Ginnie Mae I Pool                                                               | CUSIP: 3617AUEM8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     20543 | PA      | $19657.87     | 0.01%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST                                   | State of Michigan                                                               | CUSIP: 594612ES8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $202797.44    | 0.07%             | 2030-05-15      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QPFE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2427126 | PA      | $2297885.41   | 0.81%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140LLZF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1575000 | PA      | $1621177.23   | 0.57%             | 2028-10-01      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| CINCINNATI OH ECON DEV REVENUE                | City of Cincinnati OH                                                           | CUSIP: 172254VJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $130012.94    | 0.05%             | 2028-11-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    132635 | PA      | $1573.14      | 0.00%             | 2034-02-28      | Fixed         | 0.73%                 | No            |                  2 | On Loan: No      |
| SONOMA MARIN AREA RAIL TRANSPR                | Sonoma-Marin Area Rail Transit District                                         | CUSIP: 835588BB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $573096.04    | 0.20%             | 2028-03-01      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KMFL4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1326088 | PA      | $1124715.90   | 0.40%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316A0TY6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    137049 | PA      | $149772.42    | 0.05%             | 2034-05-25      | Floating      | 9.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Gold Pool                                                           | CUSIP: 3132LA6S6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    169639 | PA      | $157505.38    | 0.06%             | 2049-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QQYS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    870347 | PA      | $903332.70    | 0.32%             | 2052-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.   | US LONG BOND(CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -25 | NC      | $1502.75      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| (Sunnova) Aurora I Issuer, LLC                | Sunnova Helios V Issuer LLC                                                     | CUSIP: 86746EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1253623 | PA      | $971656.50    | 0.34%             | 2048-02-20      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KNQM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1771356 | PA      | $1566702.16   | 0.55%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                | Government National Mortgage Association                                        | CUSIP: 38380JLN6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     27848 | PA      | $24496.57     | 0.01%             | 2059-03-16      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization T                | Tricolor Auto Securitization Trust 2022-1                                       | CUSIP: 89616BAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2320000 | PA      | $1974247.85   | 0.70%             | 2029-07-16      | Fixed         | 9.80%                 | No            |                  2 | On Loan: No      |
| GLAXOSMITHKLINE CAP INC                       | GlaxoSmithKline Capital Inc                                                     | CUSIP: 377372AN7<br>LEI: 5493007Q8VD7Q3ZYZS59 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2497185.47   | 0.88%             | 2028-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316AGAP0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    157234 | PA      | $178888.33    | 0.06%             | 2035-03-25      | Fixed         | 10.61%                | No            |                  2 | On Loan: No      |
| SANTA CLARA VLY CA WTR DIST CO                | Santa Clara Valley Water District                                               | CUSIP: 80168FPD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $352897.77    | 0.12%             | 2031-06-01      | Fixed         | 1.78%                 | No            |                  2 | On Loan: No      |
| ROWLAND CA WTR DIST WTR REVENU                | Rowland Water District                                                          | CUSIP: 779657BA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $227477.49    | 0.08%             | 2029-12-01      | Fixed         | 1.61%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140H4Q80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     41961 | PA      | $40476.64     | 0.01%             | 2047-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| (Sunnova) Aurora I Issuer, LLC                | Sunnova Helios XI Issuer LLC                                                    | CUSIP: 86746AAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1811689 | PA      | $1307937.99   | 0.46%             | 2050-05-20      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| SALT LAKE & SANDY UT MET WTR D                | Metropolitan Water District of Salt Lake & Sandy                                | CUSIP: 795560DS7<br>LEI: 549300WSGSDWQU727366 | Long             | DBT              | MUN               | US        |    520000 | PA      | $488529.67    | 0.17%             | 2028-07-01      | Fixed         | 1.52%                 | No            |                  2 | On Loan: No      |
| THE REINVESTMENT FUND                         | Reinvestment Fund Inc/The                                                       | CUSIP: 75936LAM6<br>LEI: 254900M05GOONA6Z9I72 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2498642.44   | 0.88%             | 2028-02-15      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3142GVSJ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1889636 | PA      | $1945255.33   | 0.69%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83164MR35<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     65557 | PA      | $65453.73     | 0.02%             | 2044-04-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA VLY CA WTR DIST CO                | Santa Clara Valley Water District                                               | CUSIP: 80168FPE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $914948.57    | 0.32%             | 2032-06-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI                       | City & County of Honolulu HI                                                    | CUSIP: 438687SA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $651516.00    | 0.23%             | 2028-07-01      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| TEMPLE TX UTILITY SYTEM REVENU                | City of Temple TX Utility System Revenue                                        | CUSIP: 880162JA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $287896.02    | 0.10%             | 2027-08-01      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                | Eli Lilly & Co                                                                  | CUSIP: 532457CV8<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1744750.59   | 0.62%             | 2030-02-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QSSQ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1948130 | PA      | $1979600.97   | 0.70%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140LPYN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6781892 | PA      | $5520368.94   | 1.95%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI BRD OF                | Honolulu City & County Board of Water Supply                                    | CUSIP: 438689LQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $242530.48    | 0.09%             | 2027-07-01      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| MEDTRONIC INC                                 | Medtronic Inc                                                                   | CUSIP: 585055BT2<br>LEI: D56MRZY2INAN94ZONZ37 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245299.16    | 0.09%             | 2035-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LANCASTER CA PWR AUTH REVENUE                 | Lancaster Power Authority                                                       | CUSIP: 513793AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $229010.50    | 0.08%             | 2027-11-01      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133ANHV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    682829 | PA      | $554249.27    | 0.20%             | 2051-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QAQ45<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     42333 | PA      | $40707.51     | 0.01%             | 2049-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1350000 | PA      | $14318.64     | 0.01%             | 2031-07-15      | Floating      | 0.78%                 | No            |                  2 | On Loan: No      |
| INT DEVELOPMENT FIN CORP                      | United States International Development Finance Corp                            | CUSIP: 690353P76<br>LEI: 254900QI8QTIK0FY6E92 | Long             | DBT              | USGA              | US        |   2014570 | PA      | $2014570.00   | 0.71%             | 2040-07-07      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pas                | FRESB 2018-SB45 Mortgage Trust                                                  | CUSIP: 30308AAH6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     29533 | PA      | $29047.71     | 0.01%             | 2027-11-25      | Variable      | 3.16%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA HSG FIN A                | District of Columbia Housing Finance Agency                                     | CUSIP: 254768VE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $186417.69    | 0.07%             | 2027-09-01      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| ANDREW W MELLON FOUNDATI                      | Andrew W Mellon Foundation/The                                                  | CUSIP: 03444RAB4<br>LEI: HVIJIPOQ5TXYVD3NET54 | Long             | DBT              | CORP              | US        |    350000 | PA      | $332414.79    | 0.12%             | 2027-08-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HSG & FIN AUTH                    | Colorado Housing and Finance Authority                                          | CUSIP: 19648GVD1<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1968471.53   | 0.70%             | 2027-12-01      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QAZW3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    182495 | PA      | $169160.33    | 0.06%             | 2049-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KJA44<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    131718 | PA      | $107511.22    | 0.04%             | 2050-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 8316A0AU4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    315254 | PA      | $336077.35    | 0.12%             | 2046-08-25      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| WSTRN NASSAU CNTY NY WTR AUTH                 | Western Nassau County Water Authority                                           | CUSIP: 958792FP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $413960.38    | 0.15%             | 2035-04-01      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| ENERGY N W WA ELEC REVENUE                    | Energy Northwest                                                                | CUSIP: 29270CYU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $154508.19    | 0.05%             | 2026-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                | Government National Mortgage Association                                        | CUSIP: 38380JPZ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     17323 | PA      | $16332.63     | 0.01%             | 2052-03-16      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                     | IQVIA Inc                                                                       | CUSIP: 46266TAF5<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2369379.75   | 0.84%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.   | US 10YR ULTRA                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        38 | NC      | $43849.34     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KG3W6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     48767 | PA      | $43465.39     | 0.02%             | 2049-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.   | US 5YR NOTE (CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       161 | NC      | $22290.45     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Issuer VI, LLC                         | SUNNOVA HELIOS II ISSUER LLC 2021-B                                             | CUSIP: 86744TAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    848174 | PA      | $745352.16    | 0.26%             | 2048-07-20      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| SANTA ROSA CA WSTWTR REVENUE                  | City of Santa Rosa CA Wastewater Revenue                                        | CUSIP: 802649TS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $257844.68    | 0.09%             | 2033-09-01      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    495000 | PA      | $5250.17      | 0.00%             | 2031-08-15      | Floating      | 0.78%                 | No            |                  2 | On Loan: No      |
| MARY FREE BED REHAB HSP                       | Mary Free Bed Rehabilitation Hospital                                           | CUSIP: 57388MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1200000 | PA      | $904926.20    | 0.32%             | 2051-04-01      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| TEMPLE TX UTILITY SYTEM REVENU                | City of Temple TX Utility System Revenue                                        | CUSIP: 880162JC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $637537.27    | 0.23%             | 2029-08-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                      | Healthcare Realty Holdings LP                                                   | CUSIP: 42225UAL8<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $1897412.69   | 0.67%             | 2030-03-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST BAY TRANSPRTN                | Massachusetts Bay Transportation Authority Sales Tax Revenue                    | CUSIP: 575579M79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $918111.99    | 0.32%             | 2033-07-01      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KMQ32<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    164416 | PA      | $139346.91    | 0.05%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QPXA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1944034 | PA      | $1895156.25   | 0.67%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GRAND RAPIDS MI SANTN SWR SYSR                | City of Grand Rapids MI Sanitary Sewer System Revenue                           | CUSIP: 386289NJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $670695.76    | 0.24%             | 2031-01-01      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| TIGARD OR WTR SYS REVENUE                     | City of Tigard OR Water Revenue                                                 | CUSIP: 88675ABV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $287526.72    | 0.10%             | 2028-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA P                | San Francisco City & County Public Utilities Commission Wastewater Revenue      | CUSIP: 79768HAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102379.14    | 0.04%             | 2028-10-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140LBAR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    300000 | PA      | $257482.68    | 0.09%             | 2031-03-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QQW43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1332627 | PA      | $1368352.28   | 0.48%             | 2052-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.   | US 2YR NOTE (CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       223 | NC      | $27391.09     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140HMYW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     45091 | PA      | $43359.18     | 0.02%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INT DEVELOPMENT FIN CORP                      | United States International Development Finance Corp                            | CUSIP: 90376PCZ2<br>LEI: 254900QI8QTIK0FY6E92 | Long             | DBT              | USGA              | US        |    500000 | PA      | $476399.59    | 0.17%             | 2028-04-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QQX83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    412260 | PA      | $427884.58    | 0.15%             | 2052-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    262500 | PA      | $3113.43      | 0.00%             | 2034-03-28      | Fixed         | 0.73%                 | No            |                  2 | On Loan: No      |
| CARROLL CNTY GA WTR AUTH                      | Carroll County Water Authority                                                  | CUSIP: 14478EGH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $274092.45    | 0.10%             | 2027-07-01      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KG3X4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     76201 | PA      | $67916.77     | 0.02%             | 2049-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KERN CA CMNTY CLG DIST                        | Kern Community College District                                                 | CUSIP: 492244EW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $147936.56    | 0.05%             | 2026-11-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| NATURE CONSERVANCY (THE)                      | Nature Conservancy/The                                                          | CUSIP: 63902HAK5<br>LEI: 549300GJ1IZME7V1JJ28 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $947124.77    | 0.33%             | 2027-07-01      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| OREGON ST                                     | State of Oregon                                                                 | CUSIP: 68609T7K8<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    700000 | PA      | $698015.17    | 0.25%             | 2030-05-01      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KMKN4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    670073 | PA      | $543428.15    | 0.19%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140NVHZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2225000 | PA      | $2278139.30   | 0.80%             | 2029-06-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3138LCMJ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     50000 | PA      | $42407.78     | 0.01%             | 2045-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                       | Astrazeneca Finance LLC                                                         | CUSIP: 04636NAN3<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2731634.01   | 0.97%             | 2034-02-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133ANHW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    240811 | PA      | $204317.47    | 0.07%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                                       | HCA Inc                                                                         | CUSIP: 404121AK1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1861000 | PA      | $1907994.02   | 0.67%             | 2034-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KLZA8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    440233 | PA      | $373790.99    | 0.13%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                       | Astrazeneca Finance LLC                                                         | CUSIP: 04636NAB9<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    490000 | PA      | $442964.14    | 0.16%             | 2031-05-28      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.                       | Small Business Administration Pools                                             | CUSIP: 83165A6D1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     19894 | PA      | $20993.70     | 0.01%             | 2043-03-25      | Floating      | 8.09%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KH2G0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    375876 | PA      | $320559.32    | 0.11%             | 2050-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KHQH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    126062 | PA      | $112301.48    | 0.04%             | 2050-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QS5W7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1834933 | PA      | $1897136.06   | 0.67%             | 2053-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KLXY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1123026 | PA      | $946886.64    | 0.33%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE INF CAP                        | HA Sustainable Infrastructure Capital Inc                                       | CUSIP: 40408AAA9<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1438202.69   | 0.51%             | 2031-01-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QPGF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1772949 | PA      | $1678542.21   | 0.59%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BIRMINGHAM AL WTRWKS BRD WTR R                | Water Works Board of the City of Birmingham/The                                 | CUSIP: 091096PF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $611199.12    | 0.22%             | 2035-01-01      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140LB4Q3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3500000 | PA      | $3294550.71   | 1.16%             | 2028-04-01      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    447502 | PA      | $1399.56      | 0.00%             | 2031-03-15      | Floating      | 0.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140LL5K3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2500000 | PA      | $2565600.10   | 0.91%             | 2028-11-01      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133ACLL0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    165789 | PA      | $135031.45    | 0.05%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CIVIC IMPT CORP WTR                | City of Phoenix Civic Improvement Corp                                          | CUSIP: 71883RRR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $719273.64    | 0.25%             | 2027-07-01      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                    | AbbVie Inc                                                                      | CUSIP: 00287YDS5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2249274.81   | 0.79%             | 2029-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140NUVS5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2513493 | PA      | $2576340.76   | 0.91%             | 2029-03-01      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| ROWLAND CA WTR DIST WTR REVENU                | Rowland Water District                                                          | CUSIP: 779657BC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $875404.43    | 0.31%             | 2031-12-01      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140JVMM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20460 | PA      | $19055.33     | 0.01%             | 2049-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140NYAJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2800000 | PA      | $2854343.51   | 1.01%             | 2030-04-01      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140L0H59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1314809 | PA      | $1115964.61   | 0.39%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Dext ABS                                      | Dext ABS 2021-1 LLC                                                             | CUSIP: 23345CAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1550000 | PA      | $1538342.33   | 0.54%             | 2029-03-15      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83164NAF4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     76584 | PA      | $79640.03     | 0.03%             | 2031-04-25      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83164ML64<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     26009 | PA      | $26971.00     | 0.01%             | 2043-09-25      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| MACARTHUR FOUNDATION                          | John D and Catherine T MacArthur Foundation                                     | CUSIP: 477854AA1<br>LEI: UJ37UD5B4O5WRVV6NV96 | Long             | DBT              | CORP              | US        |    400000 | PA      | $343855.86    | 0.12%             | 2030-12-01      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| SAN BUENAVENTURA CA WTR REVENU                | City of San Buenaventura CA                                                     | CUSIP: 797055DL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $347525.68    | 0.12%             | 2026-01-01      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.                       | Small Business Administration Pools                                             | CUSIP: 83164M7D5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    158926 | PA      | $165064.63    | 0.06%             | 2031-07-25      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KMYD1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2217141 | PA      | $2032798.17   | 0.72%             | 2052-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NATURE CONSERVANCY (THE)                      | Nature Conservancy/The                                                          | CUSIP: 63902HAR0<br>LEI: 549300GJ1IZME7V1JJ28 | Long             | DBT              | CORP              | US        |     53000 | PA      | $43445.13     | 0.02%             | 2033-07-01      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST CAPITOL IMPT AUTH                 | Oklahoma Capitol Improvement Authority                                          | CUSIP: 679088KJ2<br>LEI: 549300LYHYBINTZ5AY71 | Long             | DBT              | MUN               | US        |    715000 | PA      | $690841.86    | 0.24%             | 2028-07-01      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140LXEK7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1407370 | PA      | $1332430.02   | 0.47%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BRIDGE HOUSING CORP                           | Bridge Housing Corp                                                             | CUSIP: 10806CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1499796.08   | 0.53%             | 2030-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QAPS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     42479 | PA      | $40783.70     | 0.01%             | 2049-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHN FINANCIAL CAPITAL MARKETS                 | Small Business Administration Pools                                             | CUSIP: 83164NA49<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    207542 | PA      | $216225.70    | 0.08%             | 2032-02-25      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                      | AT&T Inc                                                                        | CUSIP: 00206RND0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   3085000 | PA      | $3054781.45   | 1.08%             | 2045-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization T                | Tricolor Auto Securitization Trust 2024-1                                       | CUSIP: 89616LAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2200000 | PA      | $1371866.98   | 0.48%             | 2028-04-17      | Fixed         | 8.61%                 | No            |                  2 | On Loan: No      |
| MMP Capital                                   | MMP Capital 2025-A LLC                                                          | CUSIP: 55317QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1184371 | PA      | $1191858.69   | 0.42%             | 2031-12-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140NUSM2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3500000 | PA      | $3551170.40   | 1.25%             | 2029-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133BGGT9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1782201 | PA      | $1737667.23   | 0.61%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PAPIO-MISSOURI RIVER NE NATURA                | Papio-Missouri River Natural Resource District                                  | CUSIP: 698874EN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249076.75    | 0.09%             | 2025-12-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140NYBY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1322000 | PA      | $1371155.49   | 0.48%             | 2030-05-01      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140HWC34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3022466 | PA      | $2853942.91   | 1.01%             | 2029-10-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| RBC BlueBay U.S. Government Money Market Fund | RBC BlueBay U.S. Government Money Market Fund                                   | CUSIP: 74926P696<br>LEI: 549300RFDC5U7WLJKO50 | Long             | STIV             | RF                | US        |  11303232 | NS      | $11303231.89  | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage A                | Ginnie Mae I Pool                                                               | CUSIP: 36179DCC2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     41257 | PA      | $39659.04     | 0.01%             | 2026-08-15      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316A0YG9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    461096 | PA      | $508501.89    | 0.18%             | 2034-12-25      | Floating      | 9.36%                 | No            |                  2 | On Loan: No      |
| HIDALGO CNTY TX DRAIN DIST #1                 | Hidalgo County Drain District No 1                                              | CUSIP: 429335LV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $274729.34    | 0.10%             | 2029-09-01      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| NATURE CONSERVANCY (THE)                      | Nature Conservancy/The                                                          | CUSIP: 63902HAJ8<br>LEI: 549300GJ1IZME7V1JJ28 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $975608.75    | 0.34%             | 2026-07-01      | Fixed         | 0.94%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                        | Switch ABS Issuer LLC                                                           | CUSIP: 871044AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    825000 | PA      | $828333.66    | 0.29%             | 2054-06-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| PALM COAST FL UTILITY SYS REVE                | City of Palm Coast FL Utility Revenue                                           | CUSIP: 69661KDH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1864008.03   | 0.66%             | 2028-10-01      | Fixed         | 1.44%                 | No            |                  2 | On Loan: No      |
| (Sunnova) Aurora I Issuer, LLC                | Sunnova Helios VII Issuer LLC                                                   | CUSIP: 86745RAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    193777 | PA      | $101242.27    | 0.04%             | 2048-10-20      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $605.23       | 0.00%             | 2034-04-01      | Fixed         | 0.48%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    212509 | PA      | $5973.23      | 0.00%             | 2033-09-08      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140HBPZ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     40166 | PA      | $38623.13     | 0.01%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140KTLD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    189872 | PA      | $154646.67    | 0.05%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA HSG FIN A                | District of Columbia Housing Finance Agency                                     | CUSIP: 254768VD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $188414.33    | 0.07%             | 2027-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316AGAN5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    635447 | PA      | $742650.83    | 0.26%             | 2034-10-25      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA HSG FIN A                | District of Columbia Housing Finance Agency                                     | CUSIP: 254768VJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $128597.33    | 0.05%             | 2029-09-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KLSH1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    408278 | PA      | $331824.60    | 0.12%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KMG66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    193327 | PA      | $163969.32    | 0.06%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pas                | FRESB 2018-SB48 Mortgage Trust                                                  | CUSIP: 30296RAP5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     41874 | PA      | $41263.14     | 0.01%             | 2028-02-25      | Variable      | 3.37%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                        | Switch ABS Issuer LLC                                                           | CUSIP: 871044AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    320000 | PA      | $329941.51    | 0.12%             | 2054-03-25      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA VLY CA WTR DIST CO                | Santa Clara Valley Water District                                               | CUSIP: 80168FPG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $787311.63    | 0.28%             | 2034-06-01      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KLPL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    285073 | PA      | $231789.83    | 0.08%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HIDALGO CNTY TX DRAIN DIST #1                 | Hidalgo County Drain District No 1                                              | CUSIP: 429335LU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $121293.96    | 0.04%             | 2028-09-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| CALLEGUAS CA MUNI WTR DIST                    | Calleguas Municipal Water District                                              | CUSIP: 13124MCM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $374414.21    | 0.13%             | 2036-07-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                | Ginnie Mae II Pool                                                              | CUSIP: 3617BWKV6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     54073 | PA      | $51635.14     | 0.02%             | 2048-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA HSG FIN A                | District of Columbia Housing Finance Agency                                     | CUSIP: 254768VG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $126301.50    | 0.04%             | 2028-09-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KJBH4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    329839 | PA      | $283352.68    | 0.10%             | 2050-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P                | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137FKWZ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     35660 | PA      | $35770.34     | 0.01%             | 2028-12-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| BOSTON MA WTR & SWR COMMISSION                | Boston Water & Sewer Commission                                                 | CUSIP: 101029WZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $571404.83    | 0.20%             | 2027-11-01      | Fixed         | 1.37%                 | No            |                  2 | On Loan: No      |
| GRAND RAPIDS MI SANTN SWR SYSR                | City of Grand Rapids MI Sanitary Sewer System Revenue                           | CUSIP: 386289NK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1168263.53   | 0.41%             | 2032-01-01      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| LOW INCOME INVESTMENT                         | Low Income Investment Fund                                                      | CUSIP: 54750AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    590000 | PA      | $587745.87    | 0.21%             | 2026-07-01      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** RBC Funds Trust

**Signature:** Kathy Hegna

**Name of Signer:** Kathy Hegna

**Title:** Treasurer and Chief Financial Officer - RBC Funds, and Director of Mutual Fund Services | RBC Global Asset Management (U.S.) Inc.