# EDGAR Filing Document

**Accession Number:** 0001480207
**File Stem:** 0001193125-25-296893
**Filing Date:** 2025-11
**Character Count:** 95322
**Document Hash:** eec58c2d880564af46dba1a49c3f86aa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-296893.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001193125-25-296893

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DoubleLine Funds Trust
- **CENTRAL INDEX KEY:** 0001480207

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22378
- **FILM NUMBER:** 251520228

**BUSINESS ADDRESS:**
- **STREET 1:** 2002 N. TAMPA ST.,
- **STREET 2:** SUITE 200
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33602
- **BUSINESS PHONE:** (813) 791-7333

**MAIL ADDRESS:**
- **STREET 1:** 2002 N. TAMPA ST.,
- **STREET 2:** SUITE 200
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33602

## Series and Classes Contracts Data

### DoubleLine Income Fund (Series ID: S000066303)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000214092 | Class I      | DBLIX           |
| C000214093 | Class N      | DBLNX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-22378

- **c. CIK number of Registrant:** 0001480207

- **d. LEI of Registrant:** 549300MUFFXFRMY0RH66

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

  - **Street Address 1:** 2002 North Tampa Street

  - **City:** Tampa

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 33602

  - **Telephone number:** 813-791-7333

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

- **a. Name of Series:** DoubleLine Securitized Credit Fund

- **b. EDGAR series identifier (if any):** S000066303

- **c. LEI of Series:** 549300GMVIVSC1NYP563

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

- **a. Date of fiscal year-end:** 2026-03-31

- **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:** $127727903.00

**Total Liabilities:** $2745189.38

**Net Assets:** $124982713.62

**Delayed Delivery Securities:** $2008908.78

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 79.000000000000 | **1-Year:** 5653.000000000000 | **5-Year:** 20694.000000000000 | **10-Year:** 12463.000000000000 | **30-Year:** 4.000000000000

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

- **3-Month:** 31.000000000000 | **1-Year:** 1818.000000000000 | **5-Year:** 3835.000000000000 | **10-Year:** 982.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000214092 | 0.64%                | 1.12%                | 0.37%                |
| Class ID C000214093 | 0.62%                | 1.10%                | 0.35%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $31.74                   | $143989.04                                 |
| Month 2  | $0.00                    | $709650.07                                 |
| Month 3  | $113157.30               | $-228136.76                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ACREC LLC                      | ACREC 2023-FL2 LLC                                                 | CUSIP: 00501BAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    300000 | PA      | $302834.40    | 0.24%             | 2038-02-19      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| Acres PLC                      | ACRES 2025-FL3 LLC                                                 | CUSIP: 00501DAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    370000 | PA      | $372312.13    | 0.30%             | 2040-08-18      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit | Bain Capital CLO 2024-1 Ltd                                        | CUSIP: 056920AJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $503714.45    | 0.40%             | 2037-04-16      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| Bank5                          | BANK5 2025-5YR16                                                   | CUSIP: 065934BF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    392000 | PA      | $404764.42    | 0.32%             | 2063-08-15      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| CEDR Trust                     | CEDR Commercial Mortgage Trust 2022-SNAI                           | CUSIP: 12524AAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $345072.56    | 0.28%             | 2039-02-15      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Canyon CLO 2021-3 Ltd          | Canyon CLO 2021-3 Ltd                                              | CUSIP: 13875NAE4<br>LEI: 254900YKW562N0UZ4846 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $500927.10    | 0.40%             | 2034-07-15      | Floating      | 10.32%                | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                                  | CUSIP: 3136BFYG2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3409327 | PA      | $542584.90    | 0.43%             | 2051-04-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | GS Mortgage Securities Trust 2013-GC13                             | CUSIP: 36198EAS4<br>LEI: 549300WF5YRKNHB1FX69 | Long             | ABS-MBS          | CORP              | US        |    375000 | PA      | $364968.75    | 0.29%             | 2046-07-10      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38380RNM8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2356705 | PA      | $151091.92    | 0.12%             | 2063-06-16      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38382LNX5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3580739 | PA      | $559944.11    | 0.45%             | 2050-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38382MGH6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    865325 | PA      | $126615.39    | 0.10%             | 2050-12-20      | Floating      | 2.05%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38382WHF7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3166318 | PA      | $39528.00     | 0.03%             | 2051-07-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38383TNP4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    852824 | PA      | $133255.16    | 0.11%             | 2050-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38384AZ30<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2229229 | PA      | $309972.34    | 0.25%             | 2051-02-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38384GZ78<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3359845 | PA      | $520482.06    | 0.42%             | 2051-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Greystone Commercial Real Esta | Greystone CRE Notes 2021-FL3 Ltd                                   | CUSIP: 39809PAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     23691 | PA      | $23762.72     | 0.02%             | 2039-07-15      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization | AASET 2024-2 Ltd                                                   | CUSIP: 00038QAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    464999 | PA      | $485265.65    | 0.39%             | 2049-09-16      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| Altde Trust                    | ALTDE 2025-1 Trust                                                 | CUSIP: 00166NAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    961964 | PA      | $974682.63    | 0.78%             | 2050-08-15      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Greystone Commercial Real Esta | Greystone CRE Notes 2021-FL3 Ltd                                   | CUSIP: 39809PAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    380000 | PA      | $378557.90    | 0.30%             | 2039-07-15      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd                | HGI CRE CLO 2021-FL2 Ltd                                           | CUSIP: 40390JAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    290000 | PA      | $290428.33    | 0.23%             | 2036-09-17      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization | AASET 2024-1                                                       | CUSIP: 00255JAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    443135 | PA      | $460309.02    | 0.37%             | 2049-05-16      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Lo | Arbor Realty Commercial Real Estate Notes 2022-FL1 Ltd             | CUSIP: 03880XAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    178080 | PA      | $178352.53    | 0.14%             | 2037-01-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor | JP Morgan Chase Commercial Mortgage Securities Trust 2015-JP1      | CUSIP: 46590KAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    420000 | PA      | $417372.19    | 0.33%             | 2049-01-15      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu | JPMBB Commercial Mortgage Securities Trust 2014-C23                | CUSIP: 46643AAQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $300039.12    | 0.24%             | 2047-09-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Bank                           | Bank 2019-BNK19                                                    | CUSIP: 06540WBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $333626.44    | 0.27%             | 2061-08-15      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| Bank                           | BANK 2021-BNK34                                                    | CUSIP: 06541JAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $329769.02    | 0.26%             | 2063-06-15      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| LFT CRE LLC                    | LFT CRE 2021-FL1 Ltd                                               | CUSIP: 50203JAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    300000 | PA      | $300003.00    | 0.24%             | 2039-06-15      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| Maps LTD                       | MAPS 2021-1 Trust                                                  | CUSIP: 55292RAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2695 | PA      | $2661.65      | 0.00%             | 2046-06-15      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                     | ROCK Trust 2024-CNTR                                               | CUSIP: 74970WAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $104517.08    | 0.08%             | 2041-11-13      | Fixed         | 7.11%                 | No            |                  2 | On Loan: No      |
| SFO Commerical Mortgage Trust  | SFO Commercial Mortgage Trust 2021-555                             | CUSIP: 78432WAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $248404.53    | 0.20%             | 2038-05-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD            | Sound Point CLO XXVI Ltd                                           | CUSIP: 83615BAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $974293.30    | 0.78%             | 2034-07-20      | Floating      | 11.45%                | No            |                  2 | On Loan: No      |
| WHARF Commercial Mortgage Trus | WHARF Commercial Mortgage Trust 2025-DC                            | CUSIP: 92987LAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    190000 | PA      | $195081.17    | 0.16%             | 2040-07-15      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2023-R01                       | CUSIP: 207932AB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1313929.50   | 1.05%             | 2042-12-25      | Floating      | 8.10%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | EFMT 2025-NQM2                                                     | CUSIP: 281917AE4<br>LEI: 254900BQMS9ITLPQGJ53 | Long             | ABS-MBS          | CORP              | US        |   1162967 | PA      | $1173400.07   | 0.94%             | 2070-06-25      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| Willis Engine Securitization T | Willis Engine Structured Trust V                                   | CUSIP: 97064FAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    237172 | PA      | $234000.66    | 0.19%             | 2045-03-15      | Fixed         | 6.66%                 | No            |                  2 | On Loan: No      |
| GPMT Ltd.                      | GPMT 2021-FL3 Ltd                                                  | CUSIP: 36264BAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    350000 | PA      | $350694.75    | 0.28%             | 2035-07-16      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38381D7S3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2098959 | PA      | $133171.62    | 0.11%             | 2061-06-16      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38382J4E3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2686223 | PA      | $394945.09    | 0.32%             | 2050-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38384GR85<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1738948 | PA      | $296725.39    | 0.24%             | 2051-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd                | HGI CRE CLO 2021-FL1 Ltd                                           | CUSIP: 40441LAG1<br>LEI: 549300VYJ293N0KO2L78 | Long             | ABS-CBDO         | CORP              | US        |    201397 | PA      | $201995.75    | 0.16%             | 2036-06-16      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu | JPMBB Commercial Mortgage Securities Trust 2015-C27                | CUSIP: 46644ABF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6303 | PA      | $6165.22      | 0.00%             | 2048-02-15      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu | JPMBB Commercial Mortgage Securities Trust 2015-C33                | CUSIP: 46645JAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $248672.03    | 0.20%             | 2048-12-15      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor | JP Morgan Chase Commercial Mortgage Securities Trust 2019-ICON UES | CUSIP: 46651CAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $921015.00    | 0.74%             | 2032-05-05      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga | MF1 2024-FL14 LLC                                                  | CUSIP: 55416AAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    300000 | PA      | $302088.60    | 0.24%             | 2039-03-19      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2022-3                                      | CUSIP: 57109NAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    151876 | PA      | $152257.78    | 0.12%             | 2032-11-15      | Fixed         | 6.89%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust 2016-UBS11                          | CUSIP: 61767FBD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $295337.55    | 0.24%             | 2049-08-15      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| NBC Funding LLC                | NBC Funding LLC                                                    | CUSIP: 62878YAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $512638.10    | 0.41%             | 2055-07-30      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| Navigator Aviation Ltd         | Navigator 2025-1 Aviation Ltd                                      | CUSIP: 63943GAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AE        |   1000000 | PA      | $1003735.00   | 0.80%             | 2050-10-15      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| ReadyCap Commercial Mortgage T | Ready Capital Mortgage Financing 2023-FL11 LLC                     | CUSIP: 75575RAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    450000 | PA      | $453402.90    | 0.36%             | 2039-10-25      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust             | BMO 2024-5C6 Mortgage Trust                                        | CUSIP: 05593QAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $257707.33    | 0.21%             | 2057-09-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2024-R01                       | CUSIP: 20753UAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1312580.10   | 1.05%             | 2044-01-25      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd         | Rockford Tower CLO 2024-1 Ltd                                      | CUSIP: 77342BAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1003941.00   | 0.80%             | 2037-04-20      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| SSI ABS Issuer LLC             | SSI ABS-2025-1 Issuer LLC                                          | CUSIP: 78475CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    246380 | PA      | $249941.43    | 0.20%             | 2065-07-25      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2024-R05                       | CUSIP: 20754XAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1508222.70   | 1.21%             | 2044-07-25      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                                  | CUSIP: 3136BH7G8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1851842 | PA      | $291676.17    | 0.23%             | 2051-06-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                                  | CUSIP: 3136BVAP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1432128 | PA      | $1443689.11   | 1.16%             | 2054-08-25      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                                 | CUSIP: 3137H3N99<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3477203 | PA      | $434091.57    | 0.35%             | 2048-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                                 | CUSIP: 3137HLVU3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2611889 | PA      | $481432.75    | 0.39%             | 2051-04-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US  | Goldentree Loan Management US Clo 14 Ltd                           | CUSIP: 38136RAY3<br>LEI: 549300QXPI5JCSVZ9W25 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1013842.10   | 0.81%             | 2037-07-20      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US  | GoldenTree Loan Management US CLO 19 Ltd                           | CUSIP: 38138WAJ3<br>LEI: 9845000ND1D1M408P483 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $503725.85    | 0.40%             | 2037-04-20      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38381LVU3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1221470 | PA      | $79048.93     | 0.06%             | 2065-10-16      | Variable      | 0.76%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage T | STWD 2022-FL3 Ltd                                                  | CUSIP: 78485KAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    370000 | PA      | $371292.41    | 0.30%             | 2038-11-15      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance        | TRTX 2021-FL4 Issuer Ltd                                           | CUSIP: 87276WAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    300000 | PA      | $300275.10    | 0.24%             | 2038-03-15      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38382M3B3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2328889 | PA      | $390029.36    | 0.31%             | 2051-01-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Greystone Commercial Real Esta | Greystone CRE Notes 2021-FL3 Ltd                                   | CUSIP: 39809PAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    281500 | PA      | $280374.00    | 0.22%             | 2039-07-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S | BBCMS Mortgage Trust 2025-5C37                                     | CUSIP: 05494NAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $511991.10    | 0.41%             | 2058-09-15      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2022-4                                | CUSIP: 91678YAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    994161 | PA      | $1005952.93   | 0.80%             | 2032-08-20      | Fixed         | 8.68%                 | No            |                  2 | On Loan: No      |
| KREF 2021-FL2 Ltd              | KREF 2021-FL2 Ltd                                                  | CUSIP: 48275RAA5<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | US        |    297496 | PA      | $298289.40    | 0.24%             | 2039-02-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust     | Progress Residential 2024-SFR2 Trust                               | CUSIP: 74290XAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1130017.80   | 0.90%             | 2041-04-17      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit | Bain Capital Credit CLO 2025-3 Ltd                                 | CUSIP: 056914AJ3<br>LEI: 254900F12G9NRZWVR294 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1009531.60   | 0.81%             | 2038-07-23      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| Bank5                          | BANK5 2025-5YR15                                                   | CUSIP: 065924BG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    190000 | PA      | $166156.01    | 0.13%             | 2058-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust       | Benchmark 2019-B13 Mortgage Trust                                  | CUSIP: 08162DAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    375000 | PA      | $353019.75    | 0.28%             | 2057-08-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Retained Vantage Data Centers  | Retained Vantage Data Centers Issuer LLC                           | CUSIP: 76134KAC8<br>LEI: 254900N4NW6XZ9B4HM15 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $501866.00    | 0.40%             | 2048-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust  | UBS Commercial Mortgage Trust 2018-C13                             | CUSIP: 90353KBC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    422000 | PA      | $401738.35    | 0.32%             | 2051-10-15      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2025-2                                | CUSIP: 91679EAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $506227.25    | 0.41%             | 2035-06-20      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2025-3                                | CUSIP: 91684FAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1150000 | PA      | $1147288.53   | 0.92%             | 2035-09-20      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| VEGAS Trust                    | VEGAS Trust 2024-TI                                                | CUSIP: 92254AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    115000 | PA      | $116778.16    | 0.09%             | 2039-11-10      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| JPMorgan US Government Money M | JPMorgan US Government Money Market Fund                           | CUSIP: 4812C2270<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |   2739272 | NS      | $2739271.90   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Katayma CLO Ltd                | Katayma CLO I Ltd                                                  | CUSIP: 48585JAJ9<br>LEI: 254900I6JJYMZNFX8987 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1005803.10   | 0.80%             | 2036-10-20      | Floating      | 9.58%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga | MF1 2024-FL15                                                      | CUSIP: 58003MAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $251102.50    | 0.20%             | 2041-08-18      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage T | STWD 2022-FL3 Ltd                                                  | CUSIP: 78485KAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    400000 | PA      | $401441.20    | 0.32%             | 2038-11-15      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| SOLRR Aircraft 2021-1 Limited  | Lunar 2021-1 Structured Aircraft Portfolio Notes                   | CUSIP: 83438LAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | MC        |    448181 | PA      | $438310.29    | 0.35%             | 2046-10-15      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S | BBCMS Mortgage Trust 2025-C32                                      | CUSIP: 07337AAM8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3179000 | PA      | $532137.90    | 0.43%             | 2062-02-15      | Variable      | 2.54%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust             | BMO 2025-5C11 Mortgage Trust                                       | CUSIP: 096941AS8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $222303.85    | 0.18%             | 2058-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization | AASET 2025-1                                                       | CUSIP: 00258PAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    478427 | PA      | $491187.13    | 0.39%             | 2050-02-16      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                 | Apidos Loan Fund 2024-1 Ltd                                        | CUSIP: 037986AW6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $506072.80    | 0.40%             | 2038-10-25      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus | CSAIL 2017-CX9 Commercial Mortgage Trust                           | CUSIP: 12595FAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    367924 | PA      | $360834.08    | 0.29%             | 2050-09-15      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                 | CarVal CLO IX-C Ltd                                                | CUSIP: 14688HAE2<br>LEI: 2549009HBUYMF23IOB57 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $502340.00    | 0.40%             | 2037-04-20      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                | AREIT 2023-CRE8 LLC                                                | CUSIP: 04002BAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    220254 | PA      | $221294.52    | 0.18%             | 2041-08-17      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust       | Benchmark 2025-V16 Mortgage Trust                                  | CUSIP: 08164RAV7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $260554.95    | 0.21%             | 2058-08-15      | Variable      | 5.86%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2024-R03                       | CUSIP: 207941AB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $1210828.20   | 0.97%             | 2044-03-25      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                                  | CUSIP: 3136BCVA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1146565 | PA      | $57853.94     | 0.05%             | 2050-11-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | GS Mortgage Securities Corp Trust 2021-STAR                        | CUSIP: 36264LAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125000 | PA      | $123849.93    | 0.10%             | 2036-12-15      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38383RA23<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4047224 | PA      | $575308.48    | 0.46%             | 2051-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust       | Benchmark 2024-V6 Mortgage Trust                                   | CUSIP: 081927AE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $104815.20    | 0.08%             | 2057-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust             | BMO 2025-5C12 Mortgage Trust                                       | CUSIP: 09663VAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $514797.90    | 0.41%             | 2058-10-15      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                                  | CUSIP: 3136BDXZ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2885565 | PA      | $562482.86    | 0.45%             | 2051-02-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                                 | CUSIP: 3137H0RN0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3582438 | PA      | $10374.02     | 0.01%             | 2051-06-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Anthelion CLO                  | Anthelion CLO 2025-1 Ltd                                           | CUSIP: 03676GAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $502259.35    | 0.40%             | 2036-07-20      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| APL Finance LLC                | APL Finance 2023-1 DAC                                             | CUSIP: 03790CAC5<br>LEI: 6354009RKO5CXUKYBH41 | Long             | ABS-O            | CORP              | US        |    548000 | PA      | $561070.35    | 0.45%             | 2031-07-21      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38381LVJ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3603328 | PA      | $286171.30    | 0.23%             | 2065-12-16      | Variable      | 1.09%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38382JZ41<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1920112 | PA      | $369247.96    | 0.30%             | 2050-09-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38383V3N6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3124691 | PA      | $458270.69    | 0.37%             | 2051-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Harvest US CLO Ltd             | Harvest US CLO 2024-1 Ltd                                          | CUSIP: 41755WAJ9<br>LEI: 213800RQBB83K4W6BX61 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $504834.50    | 0.40%             | 2037-04-18      | Floating      | 8.83%                 | No            |                  2 | On Loan: No      |
| Katayma CLO Ltd                | Katayma CLO II Ltd                                                 | CUSIP: 485862AA4<br>LEI: 254900HW0KYG9AOGVP97 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $501895.55    | 0.40%             | 2037-04-20      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| Katayma CLO Ltd                | Katayma CLO II Ltd                                                 | CUSIP: 485862AG1<br>LEI: 254900HW0KYG9AOGVP97 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $513635.55    | 0.41%             | 2037-04-20      | Floating      | 8.83%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust             | BMO 2025-5C11 Mortgage Trust                                       | CUSIP: 096941AD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7581563 | PA      | $357428.97    | 0.29%             | 2058-07-15      | Variable      | 1.33%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust            | COMM 2016-DC2 Mortgage Trust                                       | CUSIP: 12594CBJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $496895.35    | 0.40%             | 2049-02-10      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga | MF1 2021-FL7 Ltd                                                   | CUSIP: 55284AAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $250503.00    | 0.20%             | 2036-10-16      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust      | MSBAM Commercial Mortgage Securities Trust 2012-CKSV               | CUSIP: 553514AC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    268369 | PA      | $256610.90    | 0.21%             | 2030-10-15      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd         | Canyon Capital CLO 2021-1 Ltd                                      | CUSIP: 13877FAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $498449.50    | 0.40%             | 2034-04-15      | Floating      | 10.99%                | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2024-R04                       | CUSIP: 20753GAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1262747.00   | 1.01%             | 2044-05-25      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer II, LLC        | DataBank Issuer II LLC                                             | CUSIP: 23802YAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1004442.00   | 0.80%             | 2055-09-27      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 28 Ltd             | Elmwood CLO 28 Ltd                                                 | CUSIP: 29003PAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $506895.95    | 0.41%             | 2037-04-17      | Floating      | 10.32%                | No            |                  2 | On Loan: No      |
| Octagon 73 Ltd                 | Octagon 73 Ltd                                                     | CUSIP: 67579HAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $506830.55    | 0.41%             | 2038-10-20      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| PFP III                        | PFP 2024-11 Ltd                                                    | CUSIP: 69291WAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    298659 | PA      | $299303.76    | 0.24%             | 2039-09-17      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd           | FS Rialto 2021-FL3                                                 | CUSIP: 30323CAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    248653 | PA      | $249230.12    | 0.20%             | 2036-11-16      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip               | Freddie Mac Strips                                                 | CUSIP: 3133Q3LH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1109850 | PA      | $1114407.40   | 0.89%             | 2054-05-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC         | Switch ABS Issuer LLC                                              | CUSIP: 871044AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $507753.25    | 0.41%             | 2054-03-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance        | TRTX 2021-FL4 Issuer Ltd                                           | CUSIP: 87276WAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     44390 | PA      | $44545.71     | 0.04%             | 2038-03-15      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                                  | CUSIP: 3136B6QP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3499855 | PA      | $3400831.41   | 2.72%             | 2049-10-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                 | Fannie Mae-Aces                                                    | CUSIP: 3136B9DV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    948914 | PA      | $51769.53     | 0.04%             | 2030-12-25      | Variable      | 1.84%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo | Velocity Commercial Capital Loan Trust 2019-1                      | CUSIP: 92257CAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    143845 | PA      | $131809.95    | 0.11%             | 2049-03-25      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                                  | CUSIP: 3136BCYH7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3531672 | PA      | $566528.21    | 0.45%             | 2050-11-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                                  | CUSIP: 3136BKJT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3727987 | PA      | $603655.41    | 0.48%             | 2050-02-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                                  | CUSIP: 3136BSAT2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    431718 | PA      | $66205.00     | 0.05%             | 2051-04-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multiclass Certifi | Freddie Mac Multiclass Certificates Series 2020-P010               | CUSIP: 3137H1M52<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  19207000 | PA      | $545740.02    | 0.44%             | 2029-10-25      | Variable      | 0.91%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2025-3                                  | CUSIP: 924928AE4<br>LEI: 213800DYYV3EM7TSTN14 | Long             | ABS-MBS          | CORP              | US        |   1100000 | PA      | $1121147.94   | 0.90%             | 2070-05-25      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2024-1                                  | CUSIP: 92540EAD5<br>LEI: 984500A3F1D749452747 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1010398.40   | 0.81%             | 2069-01-25      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                   | CUSIP: 31427PJG0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2035532 | PA      | $2083428.24   | 1.67%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                         | CUSIP: 31846V211<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   2739272 | NS      | $2739271.89   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2024-DNA1                            | CUSIP: 35564NBA0<br>LEI: 529900N6M839KA246662 | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $1214324.40   | 0.97%             | 2044-02-25      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| GPMT Ltd.                      | GPMT 2021-FL4 Ltd                                                  | CUSIP: 36262TAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    300000 | PA      | $298095.00    | 0.24%             | 2036-12-15      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| BrightSpire Capital, Inc       | BRSP 2021-FL1 Ltd                                                  | CUSIP: 05591XAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     91567 | PA      | $91472.01     | 0.07%             | 2038-08-19      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| BSTN Commercial Mortgage Trust | BSTN Commercial Mortgage Trust 2025-HUB                            | CUSIP: 05594GAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $200250.00    | 0.16%             | 2041-04-13      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust             | BMO 2025-5C10 Mortgage Trust                                       | CUSIP: 05615BAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    390000 | PA      | $406026.43    | 0.32%             | 2058-05-15      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| Bank5                          | BANK5 2025-5YR17                                                   | CUSIP: 06211GAP1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $516216.80    | 0.41%             | 2058-11-15      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38381LTU6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8141449 | PA      | $575138.03    | 0.46%             | 2066-07-16      | Variable      | 0.87%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38382L4G3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1940034 | PA      | $283575.37    | 0.23%             | 2050-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust       | Benchmark 2025-V17 Mortgage Trust                                  | CUSIP: 081934AS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3940000 | PA      | $255651.23    | 0.20%             | 2058-09-15      | Variable      | 1.51%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2021-NQM4                                                     | CUSIP: 12659PAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1372000 | PA      | $1078466.50   | 0.86%             | 2066-05-25      | Variable      | 4.18%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2024-R02                       | CUSIP: 20754GAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1019126.00   | 0.82%             | 2044-02-25      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust           | Cross 2024-H1 Mortgage Trust                                       | CUSIP: 22757AAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    701056 | PA      | $708258.74    | 0.57%             | 2068-12-25      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38382LAK7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3833540 | PA      | $563773.38    | 0.45%             | 2050-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38382NSP3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3043940 | PA      | $620549.87    | 0.50%             | 2051-02-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | EFMT 2025-NQM2                                                     | CUSIP: 281917AF1<br>LEI: 254900BQMS9ITLPQGJ53 | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1265639.50   | 1.01%             | 2070-06-25      | Variable      | 6.27%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd           | FS RIALTO                                                          | CUSIP: 30319YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    189203 | PA      | $189376.09    | 0.15%             | 2038-05-16      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38382P2Z4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2574083 | PA      | $16313.25     | 0.01%             | 2051-03-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38382RPN2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3786054 | PA      | $26788.60     | 0.02%             | 2051-04-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38383DPV4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1556672 | PA      | $288448.60    | 0.23%             | 2051-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38383L7F1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    382569 | PA      | $62786.36     | 0.05%             | 2050-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38383LNL0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2874511 | PA      | $465422.73    | 0.37%             | 2052-04-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38384JX58<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2854951 | PA      | $526937.95    | 0.42%             | 2051-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                   | CUSIP: 3132DUGS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1834633 | PA      | $1879278.07   | 1.50%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                                  | CUSIP: 3136BBGH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    931760 | PA      | $122368.38    | 0.10%             | 2050-08-25      | Floating      | 1.68%                 | No            |                  2 | On Loan: No      |
| CKE Restaurants Holdings Inc   | Hardee's Funding LLC                                               | CUSIP: 411707AM4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    492500 | PA      | $510956.09    | 0.41%             | 2054-03-20      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LFT CRE LLC                    | LFT CRE 2021-FL1 Ltd                                               | CUSIP: 50203JAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    151641 | PA      | $151996.51    | 0.12%             | 2039-06-15      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| LoanCore 2021-CRE6 Issuer, Ltd | LoanCore 2021-CRE6 Issuer Ltd                                      | CUSIP: 53948HAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     77565 | PA      | $77872.59     | 0.06%             | 2038-11-15      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| MSILF Government Portfolio     | MSILF Government Portfolio                                         | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   2739272 | NS      | $2739271.90   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PRP Advisors, LLC              | PRPM 2025-7 LLC                                                    | CUSIP: 69382YAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $1200912.84   | 0.96%             | 2030-08-25      | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC              | PRPM 2025-6 LLC                                                    | CUSIP: 69395KAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1100000 | PA      | $1115264.70   | 0.89%             | 2028-08-25      | Variable      | 8.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                                  | CUSIP: 3136BCUR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2030746 | PA      | $106743.11    | 0.09%             | 2050-11-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                                  | CUSIP: 3136BRH83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3682803 | PA      | $591195.53    | 0.47%             | 2050-11-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS II LLC          | QTS Issuer ABS II LLC                                              | CUSIP: 74690FAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $996252.00    | 0.80%             | 2055-10-05      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| ReadyCap Commercial Mortgage T | Ready Capital Mortgage Financing 2021-FL7 LLC                      | CUSIP: 75575WAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    477899 | PA      | $479585.12    | 0.38%             | 2036-11-25      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                                 | CUSIP: 3137FVB92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1046033 | PA      | $155941.69    | 0.12%             | 2050-07-25      | Floating      | 1.68%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                                 | CUSIP: 3137H1F76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3235244 | PA      | $565099.50    | 0.45%             | 2051-06-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Rockland Park CLO Ltd          | Rockland Park CLO Ltd                                              | CUSIP: 773663AJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $501950.00    | 0.40%             | 2038-07-20      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| RR 2 LTD                       | RR 2 Ltd                                                           | CUSIP: 78109RAJ5<br>LEI: 54930098CLSTWMH4JW47 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $983041.40    | 0.79%             | 2036-04-15      | Floating      | 10.38%                | No            |                  2 | On Loan: No      |
| Fanniemae Strip                | Fannie Mae Interest Strip                                          | CUSIP: 31424UNY8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5338684 | PA      | $508177.60    | 0.41%             | 2052-03-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38379QQR9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1121193 | PA      | $1089243.26   | 0.87%             | 2045-09-20      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD            | Sound Point CLO XXIV                                               | CUSIP: 83614NAU7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $476306.30    | 0.38%             | 2034-10-25      | Floating      | 8.08%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD            | Sound Point Clo XXXI Ltd                                           | CUSIP: 83615PAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $489586.45    | 0.39%             | 2034-10-25      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| Start Ltd.                     | Start II LTD                                                       | CUSIP: 85573LAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     58372 | PA      | $58410.76     | 0.05%             | 2044-03-15      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC         | Switch ABS Issuer LLC                                              | CUSIP: 871044AJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $775562.55    | 0.62%             | 2054-06-25      | Fixed         | 10.03%                | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance        | TRTX 2022-FL5 Issuer Ltd                                           | CUSIP: 87277JAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $250666.75    | 0.20%             | 2039-02-15      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| Uniti Fiber ABS Issuer LLC     | Uniti Fiber Abs Issuer Llc                                         | CUSIP: 91326EAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $515231.00    | 0.41%             | 2055-04-20      | Fixed         | 6.37%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38381DDS6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3265191 | PA      | $224970.71    | 0.18%             | 2062-12-16      | Variable      | 0.90%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38381LWG3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    675490 | PA      | $52022.58     | 0.04%             | 2066-03-16      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| VCAT Asset Securitization, LLC | VCAT 2025-NPL1 LLC                                                 | CUSIP: 921962AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1568253 | PA      | $1572785.77   | 1.26%             | 2055-01-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2023-1                                  | CUSIP: 92539BAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    768464 | PA      | $768397.76    | 0.61%             | 2067-12-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2024-6                                  | CUSIP: 92540JAD4<br>LEI: 213800278TKDEXPH6140 | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1260373.00   | 1.01%             | 2069-07-25      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| Vericrest Opportunity Loan Tra | VOLT XCVI LLC                                                      | CUSIP: 92873FAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    622424 | PA      | $622940.97    | 0.50%             | 2051-03-27      | Variable      | 8.83%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38382JPV2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1453961 | PA      | $208259.29    | 0.17%             | 2050-09-20      | Floating      | 2.05%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38382MY37<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2493486 | PA      | $483838.52    | 0.39%             | 2051-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Wellfleet CLO Ltd              | Wellfleet Clo 2019-1 Ltd                                           | CUSIP: 94950NAZ5<br>LEI: 254900IGQ7EODCWHCM84 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $505496.70    | 0.40%             | 2032-07-20      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2025-VTT                     | CUSIP: 94990GAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    280000 | PA      | $281299.42    | 0.23%             | 2038-03-15      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38382TB45<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1385188 | PA      | $173913.56    | 0.14%             | 2051-06-20      | Floating      | 2.05%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                           | CUSIP: 38385G2E8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2471665 | PA      | $2489778.12   | 1.99%             | 2055-05-20      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2025-5C3                     | CUSIP: 95004JAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10367416 | PA      | $325428.00    | 0.26%             | 2058-01-15      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2025-5C6                     | CUSIP: 95004TAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4448000 | PA      | $259410.92    | 0.21%             | 2058-10-15      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC            | Hotwire Funding LLC                                                | CUSIP: 44148JAB5<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $973110.10    | 0.78%             | 2051-11-20      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu | JPMBB Commercial Mortgage Securities Trust 2015-C30                | CUSIP: 46644UBE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    486237 | PA      | $475605.25    | 0.38%             | 2048-07-15      | Variable      | 4.23%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2025-5C6                     | CUSIP: 95004TAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $515074.20    | 0.41%             | 2058-10-15      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| LoanCore 2021-CRE5 Issuer, Ltd | LoanCore 2021-CRE5 Issuer Ltd                                      | CUSIP: 53947XAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    300000 | PA      | $301075.20    | 0.24%             | 2036-07-15      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga | MF1 2021-FL7 Ltd                                                   | CUSIP: 55284AAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    310000 | PA      | $309591.42    | 0.25%             | 2036-10-16      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne | Pret 2025-NPL2 LLC                                                 | CUSIP: 69392JAA7<br>LEI: 254900S0KCA0ULKWBW61 | Long             | ABS-MBS          | CORP              | US        |   1132506 | PA      | $1138055.27   | 0.91%             | 2055-03-25      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| VMC Finance LLC                | VMC Finance 2021-FL4 LLC                                           | CUSIP: 91835RAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    236456 | PA      | $234391.05    | 0.19%             | 2036-06-16      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo | Velocity Commercial Capital Loan Trust 2019-1                      | CUSIP: 92257CAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     80290 | PA      | $72756.30     | 0.06%             | 2049-03-25      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2024-C63                     | CUSIP: 94990FAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2050000 | PA      | $324859.61    | 0.26%             | 2057-08-15      | Variable      | 2.51%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.             | BSPRT 2023-FL10 Issuer Ltd                                         | CUSIP: 05610VAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $251199.00    | 0.20%             | 2035-09-15      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust       | Benchmark 2024-V9 Mortgage Trust                                   | CUSIP: 081919AN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $363792.63    | 0.29%             | 2057-08-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust            | COMM 2014-CR14 Mortgage Trust                                      | CUSIP: 12630DBD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $335518.75    | 0.27%             | 2047-02-10      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2021-B33                                                      | CUSIP: 12658WAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    139000 | PA      | $124956.20    | 0.10%             | 2043-10-10      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi | CARLYLE US CLO 2018-4 LTD                                          | CUSIP: 14315RAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $506575.40    | 0.41%             | 2037-10-17      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi | Carlyle US CLO 2024-2 Ltd                                          | CUSIP: 14318VAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $505819.55    | 0.40%             | 2037-04-25      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                 | CarVal CLO IX-C Ltd                                                | CUSIP: 14688HAJ1<br>LEI: 2549009HBUYMF23IOB57 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1005501.70   | 0.80%             | 2037-04-20      | Floating      | 8.23%                 | No            |                  2 | On Loan: No      |
| Clover CLO                     | Clover CLO 2018-1 LLC                                              | CUSIP: 18914GAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $502260.50    | 0.40%             | 2037-04-20      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Cologix Data Centers Issuer LL | Cologix Data Centers US Issuer LLC                                 | CUSIP: 19521UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $976442.40    | 0.78%             | 2051-12-26      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II, | Compass Datacenters Issuer II LLC                                  | CUSIP: 20469AAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $513866.80    | 0.41%             | 2049-02-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Empower CLO Ltd.               | Empower CLO 2024-1 Ltd                                             | CUSIP: 29244RAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $505248.80    | 0.40%             | 2037-04-25      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                                  | CUSIP: 3136BCJC5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2983767 | PA      | $495574.70    | 0.40%             | 2050-11-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| STDIO Commercial Mortgage Trus | STDIO Commercial Mortgage Trust 2025-RLGH                          | CUSIP: 85781AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    177000 | PA      | $177391.67    | 0.14%             | 2038-09-15      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo | Velocity Commercial Capital Loan Trust 2019-1                      | CUSIP: 92257CAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    127039 | PA      | $112194.89    | 0.09%             | 2049-03-25      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2021-3                                  | CUSIP: 92539LAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1181010.30   | 0.94%             | 2066-06-25      | Variable      | 3.96%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2019-C50                     | CUSIP: 95001XBA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    489610 | PA      | $478477.22    | 0.38%             | 2052-05-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| Avant Credit Card Master Trust | Avant Credit Card Master Trust 2025-1                              | CUSIP: 05351KAT6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    650000 | PA      | $649073.62    | 0.52%             | 2031-04-15      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S | BBCMS Mortgage Trust 2024-5C27                                     | CUSIP: 05555FAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11253767 | PA      | $297614.88    | 0.24%             | 2057-07-15      | Variable      | 1.04%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR9                | BANK5 2024-5YR9                                                    | CUSIP: 06644VBX7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $359170.14    | 0.29%             | 2057-08-15      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust       | Benchmark 2020-B22 Mortgage Trust                                  | CUSIP: 08163BBF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5645324 | PA      | $353492.68    | 0.28%             | 2054-01-15      | Variable      | 1.61%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt | Benefit Street Partners Clo 41 Ltd                                 | CUSIP: 08186GAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1002549.00   | 0.80%             | 2038-07-25      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga | MF1 2021-FL6 Ltd                                                   | CUSIP: 55283TAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     26399 | PA      | $26433.99     | 0.02%             | 2036-07-16      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga | MF1 2022-FL9 LLC                                                   | CUSIP: 55285AAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    257458 | PA      | $258098.46    | 0.21%             | 2037-06-19      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2024-NQM10 Trust                                               | CUSIP: 67119MAA6<br>LEI: 25490010LUJWFEUCIH44 | Long             | ABS-MBS          | CORP              | US        |    708600 | PA      | $718259.11    | 0.57%             | 2064-05-25      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 53 | Octagon 53 Ltd                                                     | CUSIP: 67592UAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $488483.30    | 0.39%             | 2034-04-15      | Floating      | 11.08%                | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC              | PRPM 2025-4 LLC                                                    | CUSIP: 69382KAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1164788 | PA      | $1168399.07   | 0.93%             | 2030-06-25      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| Point Au Roche Park CLO, Ltd   | Point Au Roche Park CLO Ltd                                        | CUSIP: 73052WAA1<br>LEI: 5493000RMLD359CPH591 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $500878.50    | 0.40%             | 2034-07-20      | Floating      | 10.69%                | No            |                  2 | On Loan: No      |
| SG Capital Partners            | SG Residential Mortgage Trust 2021-1                               | CUSIP: 784212AF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $947678.50    | 0.76%             | 2061-07-25      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage T | STWD 2022-FL3 Ltd                                                  | CUSIP: 78485KAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    159480 | PA      | $160036.88    | 0.13%             | 2038-11-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage T | STWD 2021-FL2 Ltd                                                  | CUSIP: 78486BAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    111956 | PA      | $112128.69    | 0.09%             | 2038-04-18      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| (Sunnova) Aurora I Issuer, LLC | SUNNOVA HELIOS II ISSUER LLC 2019-A                                | CUSIP: 86745LAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    542262 | PA      | $483084.29    | 0.39%             | 2046-06-20      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-25

**Name of Applicant:** DoubleLine Funds Trust

**Signature:** /s/ Ana Alcantara

**Name of Signer:** DoubleLine Funds Trust

**Title:** Vice President