# EDGAR Filing Document

**Accession Number:** 0001368040
**File Stem:** 0001193125-26-027719
**Filing Date:** 2026-1
**Character Count:** 828748
**Document Hash:** 558cd7bdd7f43e0f8dc0f6dad894ddb7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-027719.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0001193125-26-027719

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260128

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Short-Term Bond Fund of America
- **CENTRAL INDEX KEY:** 0001368040

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21928
- **FILM NUMBER:** 26573957

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S HOPE ST - 55TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 213-486-9200

**MAIL ADDRESS:**
- **STREET 1:** 333 S HOPE ST - 55TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

## Series and Classes Contracts Data

### Short-Term Bond Fund of America (Series ID: S000013585)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000036818 | Class A       | ASBAX           |
| C000036819 | Class F-1     | ASBFX           |
| C000036820 | Class 529-A   | CAAFX           |
| C000036821 | Class 529-F-1 | CFAMX           |
| C000036822 | Class R-1     | RAMAX           |
| C000036823 | Class R-2     | RAMBX           |
| C000036824 | Class R-3     | RAMCX           |
| C000036825 | Class R-4     | RAMEX           |
| C000036826 | Class R-5     | RAMFX           |
| C000037879 | Class C       | ASBCX           |
| C000037881 | Class 529-C   | CCAMX           |
| C000037882 | Class 529-E   | CEAMX           |
| C000068533 | Class F-2     | SBFFX           |
| C000077916 | Class R-6     | RMMGX           |
| C000148417 | Class R-2E    | RAAEX           |
| C000164812 | Class R-5E    | RAAGX           |
| C000180010 | Class F-3     | FSBTX           |
| C000189523 | Class 529-T   | TTSBX           |
| C000189524 | Class T       | TSTBX           |
| C000224563 | Class 529-F-2 | FTSBX           |
| C000224564 | Class 529-F-3 | FFTSX           |

## Nport-Ex

![](img4a73a61e1.jpg)

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

**Short-Term Bond Fund of America**<sup>®</sup>

Investment portfolio

November 30, 2025

**unaudited**

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

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments 93.08%<br> **U.S. Treasury bonds & notes 37.21%**<br> **U.S. Treasury 36.41%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| U.S. Treasury 4.625% 2/28/2026  | USD151,361 | $151650 |
| U.S. Treasury 4.625% 3/15/2026  | 1160 | 1163 |
| U.S. Treasury 4.625% 6/30/2026  | 3001 | 3016 |
| U.S. Treasury 1.125% 10/31/2026  | 3750 | 3665 |
| U.S. Treasury 4.375% 12/15/2026  | 14175 | 14285 |
| U.S. Treasury 1.25% 12/31/2026  | 20000 | 19503 |
| U.S. Treasury 4.00% 1/15/2027  | 385438 | 387132 |
| U.S. Treasury 1.50% 1/31/2027  | 29000 | 28310 |
| U.S. Treasury 4.125% 1/31/2027  | 11515 | 11583 |
| U.S. Treasury 4.125% 2/15/2027  | 3000 | 3019 |
| U.S. Treasury 3.75% 4/30/2027  | 3679 | 3688 |
| U.S. Treasury 3.875% 5/31/2027  | 63000 | 63296 |
| U.S. Treasury 3.25% 6/30/2027  | 146832 | 146201 |
| U.S. Treasury 3.875% 7/31/2027  | 12221 | 12287 |
| U.S. Treasury 3.625% 8/31/2027  | 33776 | 33835 |
| U.S. Treasury 3.375% 9/15/2027  | 144938 | 144581 |
| U.S. Treasury 3.50% 9/30/2027  | 626890 | 626731 |
| U.S. Treasury 4.125% 9/30/2027 <sup>(a)</sup>  | 305000 | 308294 |
| U.S. Treasury 3.875% 10/15/2027  | 14421 | 14514 |
| U.S. Treasury 3.50% 10/31/2027 <sup>(a)</sup>  | 982838 | 982704 |
| U.S. Treasury 4.125% 11/15/2027  | 70414 | 71231 |
| U.S. Treasury 4.00% 12/15/2027  | 118000 | 119173 |
| U.S. Treasury 0.625% 12/31/2027  | 23000 | 21686 |
| U.S. Treasury 4.25% 1/15/2028  | 20000 | 20305 |
| U.S. Treasury 4.25% 2/15/2028  | 19000 | 19303 |
| U.S. Treasury 3.625% 3/31/2028  | 1671 | 1676 |
| U.S. Treasury 3.75% 4/15/2028  | 41220 | 41463 |
| U.S. Treasury 1.25% 6/30/2028  | 15000 | 14179 |
| U.S. Treasury 3.875% 7/15/2028  | 8476 | 8557 |
| U.S. Treasury 3.375% 9/15/2028  | 13182 | 13141 |
| U.S. Treasury 3.50% 10/15/2028  | 124053 | 124062 |
| U.S. Treasury 3.50% 11/15/2028  | 761554 | 761703 |
| U.S. Treasury 4.00% 1/31/2029  | 182630 | 185270 |
| U.S. Treasury 4.50% 5/31/2029  | 19396 | 20014 |
| U.S. Treasury 4.25% 1/31/2030  | 10000 | 10264 |
| U.S. Treasury 3.625% 9/30/2030  | 48074 | 48134 |
| U.S. Treasury 3.625% 10/31/2030  | 80087 | 80175 |
| U.S. Treasury 4.25% 11/15/2034  | 17821 | 18226 |
| U.S. Treasury 4.00% 11/15/2035  | 2688 | 2684 |
| U.S. Treasury 1.875% 2/15/2041  | 341 | 243 |
| U.S. Treasury 3.25% 5/15/2042  | 152 | 129 |
| U.S. Treasury 2.75% 11/15/2042  | 511 | 401 |
| U.S. Treasury 3.00% 5/15/2045  | 8297 | 6534 |

---

Short-Term Bond Fund of America — Page 1 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **U.S. Treasury bonds & notes (continued)**<br> **U.S. Treasury (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| U.S. Treasury 1.875% 2/15/2051  | USD354 | $205 |
| U.S. Treasury 2.875% 5/15/2052  | 208 | 150 |
|  |  | 4548365 |
| **U.S. Treasury inflation-protected securities 0.80%** |  |  |
| U.S. Treasury Inflation-Protected Security 0.125% 4/15/2027 <sup>(b)</sup>  | 57513 | 56521 |
| U.S. Treasury Inflation-Protected Security 2.125% 2/15/2054 <sup>(b)</sup>  | 8221 | 7592 |
| U.S. Treasury Inflation-Protected Security 2.375% 2/15/2055 <sup>(a)(b)</sup>  | 36635 | 35757 |
|  |  | 99870 |
| **Total U.S. Treasury bonds & notes** |  | 4648235 |
| **Asset-backed obligations 25.95%**<br> **Auto loan 11.62%**<br>|  |  |
| American Credit Acceptance Receivables Trust, Series 2024-3, Class A, 5.76% 11/12/2027 <sup>(c)(d)</sup> <br>| 85 | 85 |
| American Credit Acceptance Receivables Trust, Series 2024-2, Class B, 6.10% 12/13/2027 <sup>(c)(d)</sup> <br>| 851 | 852 |
| American Credit Acceptance Receivables Trust, Series 2024-4, Class A, 4.81% 3/13/2028 <sup>(c)(d)</sup> <br>| 611 | 612 |
| American Credit Acceptance Receivables Trust, Series 2025-1, Class A, 4.67% 7/12/2028 <sup>(c)(d)</sup> <br>| 1656 | 1657 |
| American Credit Acceptance Receivables Trust, Series 2024-3, Class B, 5.66% 8/14/2028 <sup>(c)(d)</sup> <br>| 6537 | 6553 |
| American Credit Acceptance Receivables Trust, Series 2025-2, Class A, 4.81% 9/12/2028 <sup>(c)(d)</sup> <br>| 8184 | 8195 |
| American Credit Acceptance Receivables Trust, Series 2024-4, Class B, 4.80% 11/13/2028 <sup>(c)(d)</sup> <br>| 2044 | 2045 |
| American Credit Acceptance Receivables Trust, Series 2025-4, Class A, 4.42% 5/14/2029 <sup>(c)(d)</sup> <br>| 15762 | 15778 |
| American Credit Acceptance Receivables Trust, Series 2024-1, Class C, 5.63% 1/14/2030 <sup>(c)(d)</sup> <br>| 11130 | 11185 |
| AmeriCredit Automobile Receivables Trust, Series 2023-2, Class A3, 5.81% 5/18/2028 <sup>(c)</sup> <br>| 7745 | 7803 |
| AmeriCredit Automobile Receivables Trust, Series 2024-1, Class A3, 5.43% 1/18/2029 <sup>(c)</sup> <br>| 4966 | 5007 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, Class A2, 4.92% 5/15/2029 <sup>(c)(d)</sup> <br>| 2777 | 2774 |
| AutoNation Finance Trust 2025-1, Series 2025-1A, Class A2, 4.72% 4/10/2028 <sup>(c)(d)</sup> <br>| 9812 | 9835 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2, Class A, 2.02% 2/20/2027 <sup>(c)(d)</sup> <br>| 9135 | 9104 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2022-5, Class A, 6.12% 4/20/2027 <sup>(c)(d)</sup> <br>| 4433 | 4453 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-5, Class A, 5.78% 4/20/2028 <sup>(c)(d)</sup> <br>| 15496 | 15778 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-7, Class A, 5.90% 8/21/2028 <sup>(c)(d)</sup> <br>| 3900 | 4001 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2022-4A, Class A, 4.77% 2/20/2029 <sup>(c)(d)</sup> <br>| 9913 | 10025 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-1, Class B, 6.08% 4/20/2029 <sup>(c)(d)</sup> <br>| 2500 | 2586 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2025-1A, Class A, 4.80% 8/20/2029 <sup>(c)(d)</sup> <br>| 1506 | 1533 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2024-1, Class A, 5.36% 6/20/2030 <sup>(c)(d)</sup> <br>| 3732 | 3860 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2025-2A, Class A, 5.12% 8/20/2031 <sup>(c)(d)</sup> <br>| 3503 | 3612 |
| Bank of America Auto Trust, Series 2025-1A, Class A2A, 4.52% 11/22/2027 <sup>(c)(d)</sup> <br>| 888 | 890 |
| BofA Auto Trust, Series 2024-1, Class A3, 5.35% 11/15/2028 <sup>(c)(d)</sup> <br>| 362 | 365 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-1, Class A2, 4.71% 9/15/2027 <sup>(c)</sup> <br>| 3163 | 3164 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-4, Class A2, 4.84% 9/15/2027 <sup>(c)</sup> <br>| 576 | 576 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-2, Class A2, 4.84% 1/18/2028 <sup>(c)</sup> <br>| 18424 | 18454 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-3, Class A2, 4.73% 2/15/2028 <sup>(c)</sup> <br>| 7816 | 7826 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-3, Class A3, 5.34% 4/17/2028 <sup>(c)</sup> <br>| 2370 | 2374 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-4, Class A2, 4.35% 6/15/2028 <sup>(c)</sup> <br>| 17052 | 17065 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-2, Class A3, 5.84% 6/15/2028 <sup>(c)</sup> <br>| 6118 | 6136 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-1, Class A3, 4.67% 8/15/2028 <sup>(c)</sup> <br>| 4804 | 4813 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-1, Class B, 5.43% 8/15/2028 <sup>(c)</sup> <br>| 1413 | 1415 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-4, Class A3, 4.72% 9/15/2028 <sup>(c)</sup> <br>| 8074 | 8090 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-3, Class B, 5.37% 10/16/2028 <sup>(c)</sup> <br>| 1977 | 1986 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-2, Class A3, 4.78% 12/15/2028 <sup>(c)</sup> <br>| 12900 | 12939 |
| CarMax Auto Owner Trust, Series 2024-2, Class A2A, 5.65% 5/17/2027 <sup>(c)</sup> <br>| 707 | 707 |
| CarMax Auto Owner Trust, Series 2024-4, Class A2A, 4.67% 12/15/2027 <sup>(c)</sup> <br>| 4377 | 4384 |
| CarMax Auto Owner Trust, Series 2025-1, Class A2A, 4.63% 3/15/2028 <sup>(c)</sup> <br>| 1921 | 1926 |
| CarMax Auto Owner Trust, Series 2023-3, Class A3, 5.28% 5/15/2028 <sup>(c)</sup> <br>| 2472 | 2489 |

---

Short-Term Bond Fund of America — Page 2 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Auto loan (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| CarMax Auto Owner Trust, Series 2024-1, Class A3, 4.92% 10/16/2028 <sup>(c)</sup> <br>| USD9,493 | $9560 |
| CarMax Auto Owner Trust, Series 2024-3, Class A3, 4.89% 7/16/2029 <sup>(c)</sup> <br>| 11601 | 11737 |
| CarMax Auto Owner Trust, Series 2024-3, Class B, 5.08% 2/15/2030 <sup>(c)</sup> <br>| 2472 | 2523 |
| CarMax Select Receivables Trust, Series 2024-A, Class A2A, 5.78% 9/15/2027 <sup>(c)</sup> <br>| 853 | 855 |
| CarMax Select Receivables Trust, Series 2024-A, Class C, 5.62% 1/15/2030 <sup>(c)</sup> <br>| 1438 | 1473 |
| Carvana Auto Receivables Trust, Series 2023-N4, Class A, 6.42% 1/10/2028 <sup>(c)(d)</sup> <br>| 505 | 506 |
| Carvana Auto Receivables Trust, Series 2023-P3, Class A3, 5.82% 8/10/2028 <sup>(c)(d)</sup> <br>| 776 | 781 |
| Carvana Auto Receivables Trust, Series 2021-N4, Class C, 1.72% 9/11/2028 <sup>(c)</sup> <br>| 964 | 939 |
| Carvana Auto Receivables Trust, Series 2024-N3, Class A3, 4.53% 1/10/2029 <sup>(c)(d)</sup> <br>| 3000 | 3004 |
| Carvana Auto Receivables Trust, Series 2024-P2, Class A3, 5.33% 7/10/2029 <sup>(c)</sup> <br>| 1595 | 1607 |
| Carvana Auto Receivables Trust, Series 2024-N1, Class B, 5.63% 5/10/2030 <sup>(c)(d)</sup> <br>| 3500 | 3533 |
| Chase Auto Owner Trust, Series 2024-4A, Class A2, 5.25% 9/27/2027 <sup>(c)(d)</sup> <br>| 1984 | 1987 |
| Chase Auto Owner Trust, Series 2024-5A, Class A2, 4.40% 11/26/2027 <sup>(c)(d)</sup> <br>| 4926 | 4929 |
| Chase Auto Owner Trust, Series 2024-1, Class A3, 5.13% 5/25/2029 <sup>(c)(d)</sup> <br>| 3904 | 3940 |
| Chase Auto Owner Trust, Series 2024-2, Class A3, 5.52% 6/25/2029 <sup>(c)(d)</sup> <br>| 5470 | 5544 |
| Chase Auto Owner Trust, Series 2024-4A, Class A3, 4.94% 7/25/2029 <sup>(c)(d)</sup> <br>| 6236 | 6296 |
| Chesapeake Funding II, LLC, Series 2023-2, Class A1, 6.16% 10/15/2035 <sup>(c)(d)</sup> <br>| 2375 | 2406 |
| Citizens Auto Receivables Trust, Series 2023-2, Class A3, 5.83% 2/15/2028 <sup>(c)(d)</sup> <br>| 3217 | 3240 |
| Citizens Auto Receivables Trust, Series 2023-2, Class A4, 5.74% 10/15/2030 <sup>(c)(d)</sup> <br>| 6081 | 6200 |
| Consumer Portfolio Services Auto Trust, Series 2025-B, Class A, 4.74% 2/15/2029 <sup>(c)(d)</sup> <br>| 6459 | 6475 |
| Consumer Portfolio Services Auto Trust, Series 2025-B, Class B, 4.79% 11/15/2029 <sup>(c)(d)</sup> <br>| 3214 | 3229 |
| CPS Auto Receivables Trust, Series 2024-C, Class A, 5.88% 2/15/2028 <sup>(c)(d)</sup> <br>| 496 | 497 |
| CPS Auto Receivables Trust, Series 2024-A, Class B, 5.65% 5/15/2028 <sup>(c)(d)</sup> <br>| 897 | 899 |
| CPS Auto Receivables Trust, Series 2024-D, Class A, 4.91% 6/15/2028 <sup>(c)(d)</sup> <br>| 2076 | 2079 |
| CPS Auto Receivables Trust, Series 2024-C, Class B, 5.68% 12/15/2028 <sup>(c)(d)</sup> <br>| 6054 | 6085 |
| CPS Auto Receivables Trust, Series 2024-D, Class B, 4.65% 3/15/2029 <sup>(c)(d)</sup> <br>| 597 | 598 |
| CPS Auto Receivables Trust, Series 2023-A, Class C, 5.54% 4/16/2029 <sup>(c)(d)</sup> <br>| 1532 | 1534 |
| CPS Auto Receivables Trust, Series 2023-C, Class C, 6.27% 10/15/2029 <sup>(c)(d)</sup> <br>| 1095 | 1102 |
| CPS Auto Receivables Trust, Series 2024-C, Class C, 5.76% 10/15/2030 <sup>(c)(d)</sup> <br>| 1589 | 1609 |
| CPS Auto Trust, Series 2025-D, Class A, 4.46% 7/16/2029 <sup>(c)(d)</sup> <br>| 16951 | 16961 |
| Credit Acceptance Auto Loan Trust, Series 2023-3, Class A, 6.39% 8/15/2033 <sup>(c)(d)</sup> <br>| 5068 | 5097 |
| Credit Acceptance Auto Loan Trust, Series 2024-1A, Class A, 5.68% 3/15/2034 <sup>(c)(d)</sup> <br>| 1665 | 1680 |
| Credit Acceptance Auto Loan Trust, Series 2025-2A, Class A, 4.50% 11/15/2035 <sup>(c)(d)</sup> <br>| 14633 | 14663 |
| Drive Auto Receivables Trust, Series 2024-1, Class A3, 5.35% 2/15/2028 <sup>(c)</sup> <br>| 513 | 514 |
| Drive Auto Receivables Trust, Series 2025-1, Class A2, 4.87% 8/15/2028 <sup>(c)</sup> <br>| 3726 | 3735 |
| Drive Auto Receivables Trust, Series 2024-2, Class A3, 4.50% 9/15/2028 <sup>(c)</sup> <br>| 3733 | 3739 |
| Drive Auto Receivables Trust, Series 2025-2, Class A2, 4.29% 10/16/2028 <sup>(c)</sup> <br>| 2220 | 2221 |
| Drive Auto Receivables Trust, Series 2024-1, Class B, 5.31% 1/16/2029 <sup>(c)</sup> <br>| 1626 | 1633 |
| Drive Auto Receivables Trust, Series 2024-2, Class B, 4.52% 7/16/2029 <sup>(c)</sup> <br>| 3118 | 3127 |
| Drive Auto Receivables Trust, Series 2024-1, Class C, 5.43% 11/17/2031 <sup>(c)</sup> <br>| 2892 | 2931 |
| Drive Auto Receivables Trust, Series 2025-2, Class A3, 4.14% 9/15/2032 <sup>(c)</sup> <br>| 1312 | 1314 |
| Drive Auto Receivables Trust, Series 2025-2, Class C, 4.39% 9/15/2032 <sup>(c)</sup> <br>| 3041 | 3042 |
| Drive Auto Receivables Trust, Series 2025-1, Class A3, 4.73% 9/15/2032 <sup>(c)</sup> <br>| 5896 | 5925 |
| Drive Auto Receivables Trust, Series 2025-1, Class B, 4.79% 9/15/2032 <sup>(c)</sup> <br>| 3477 | 3506 |
| Drive Auto Receivables Trust, Series 2025-1, Class C, 4.99% 9/15/2032 <sup>(c)</sup> <br>| 467 | 473 |
| DriveTime Auto Owner Trust, Series 2023-1, Class C, 5.55% 10/16/2028 <sup>(c)(d)</sup> <br>| 2568 | 2575 |
| DriveTime Auto Owner Trust, Series 2023-3, Class C, 6.40% 5/15/2029 <sup>(c)(d)</sup> <br>| 1187 | 1197 |
| Enterprise Fleet Financing, LLC, Series 2024-2, Class A2, 5.74% 12/20/2026 <sup>(c)(d)</sup> <br>| 1799 | 1807 |
| Enterprise Fleet Financing, LLC, Series 2024-3, Class A2, 5.31% 4/20/2027 <sup>(c)(d)</sup> <br>| 4162 | 4182 |
| Enterprise Fleet Financing, LLC, Series 2024-4, Class A2, 4.69% 7/20/2027 <sup>(c)(d)</sup> <br>| 14823 | 14871 |
| Enterprise Fleet Financing, LLC, Series 2022-1, Class A3, 3.27% 1/20/2028 <sup>(c)(d)</sup> <br>| 61 | 61 |
| Enterprise Fleet Financing, LLC, Series 2022-3, Class A2, 4.38% 7/20/2029 <sup>(c)(d)</sup> <br>| 188 | 188 |
| Enterprise Fleet Financing, LLC, Series 2022-4, Class A2, 5.76% 10/22/2029 <sup>(c)(d)</sup> <br>| 1485 | 1491 |
| Enterprise Fleet Financing, LLC, Series 2024-1, Class A2, 5.23% 3/20/2030 <sup>(c)(d)</sup> <br>| 4278 | 4311 |

---

Short-Term Bond Fund of America — Page 3 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Auto loan (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Enterprise Fleet Financing, LLC, Series 2024-1, Class A3, 5.16% 9/20/2030 <sup>(c)(d)</sup> <br>| USD1,520 | $1548 |
| Exeter Automobile Receivables Trust, Series 2025-2A, Class A2, 4.78% 6/15/2027 <sup>(c)</sup> <br>| 884 | 884 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class A2, 4.70% 9/15/2027 <sup>(c)</sup> <br>| 3262 | 3264 |
| Exeter Automobile Receivables Trust, Series 2024-3A, Class A3, 5.65% 12/15/2027 <sup>(c)</sup> <br>| 497 | 498 |
| Exeter Automobile Receivables Trust, Series 2025-3A, Class A2, 4.83% 1/18/2028 <sup>(c)</sup> <br>| 1987 | 1990 |
| Exeter Automobile Receivables Trust, Series 2025-4A, Class A2, 4.53% 3/15/2028 <sup>(c)</sup> <br>| 2070 | 2072 |
| Exeter Automobile Receivables Trust, Series 2022-6, Class C, 6.32% 5/15/2028 <sup>(c)</sup> <br>| 918 | 922 |
| Exeter Automobile Receivables Trust, Series 2023-3A, Class C, 6.21% 6/15/2028 <sup>(c)</sup> <br>| 1516 | 1524 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class A3, 4.67% 8/15/2028 <sup>(c)</sup> <br>| 7051 | 7064 |
| Exeter Automobile Receivables Trust, Series 2024-1, Class B, 5.29% 8/15/2028 <sup>(c)</sup> <br>| 3963 | 3973 |
| Exeter Automobile Receivables Trust, Series 2025-3A, Class A3, 4.78% 7/16/2029 <sup>(c)</sup> <br>| 3821 | 3846 |
| Exeter Automobile Receivables Trust, Series 2025-4A, Class A3, 4.39% 9/17/2029 <sup>(c)</sup> <br>| 5021 | 5045 |
| Exeter Automobile Receivables Trust, Series 2025-5A, Class A3, 4.24% 11/15/2029 <sup>(c)</sup> <br>| 11844 | 11866 |
| Exeter Automobile Receivables Trust, Series 2025-3A, Class B, 4.86% 2/15/2030 <sup>(c)</sup> <br>| 2027 | 2054 |
| Exeter Automobile Receivables Trust, Series 2024-1, Class C, 5.41% 5/15/2030 <sup>(c)</sup> <br>| 4255 | 4298 |
| Exeter Automobile Receivables Trust, Series 2025-5A, Class B, 4.28% 7/15/2030 <sup>(c)</sup> <br>| 1400 | 1404 |
| Exeter Automobile Receivables Trust, Series 2024-4A, Class B, 5.29% 8/15/2030 <sup>(c)</sup> <br>| 3259 | 3272 |
| Exeter Automobile Receivables Trust, Series 2025-3A, Class C, 5.09% 10/15/2031 <sup>(c)</sup> <br>| 1332 | 1351 |
| Exeter Select Automobile Receivables Trust, Series 2025-1, Class A2, 4.83% 10/16/2028 <sup>(c)</sup> <br>| 5039 | 5054 |
| Exeter Select Automobile Receivables Trust, Series 2025-3, Class A2, 4.24% 5/15/2029 <sup>(c)</sup> <br>| 9736 | 9742 |
| Exeter Select Automobile Receivables Trust, Series 2025-1, Class A3, 4.69% 4/15/2030 <sup>(c)</sup> <br>| 2185 | 2205 |
| Exeter Select Automobile Receivables Trust, Series 2025-1, Class C, 5.40% 8/15/2031 <sup>(c)</sup> <br>| 1000 | 1025 |
| First Investors Auto Owner Trust, Series 2025-1A, Class A2, 4.31% 12/15/2028 <sup>(c)(d)</sup> <br>| 15000 | 15021 |
| First Investors Auto Owner Trust, Series 2025-1A, Class A3, 4.25% 7/15/2030 <sup>(c)(d)</sup> <br>| 8594 | 8609 |
| Flagship Credit Auto Trust, Series 2023-3, Class A3, 5.44% 4/17/2028 <sup>(c)(d)</sup> <br>| 877 | 878 |
| Ford Credit Auto Lease Trust, Series 2024-A, Class A3, 5.06% 5/15/2027 <sup>(c)</sup> <br>| 3633 | 3640 |
| Ford Credit Auto Lease Trust, Series 2024-A, Class A4, 5.05% 6/15/2027 <sup>(c)</sup> <br>| 2106 | 2116 |
| Ford Credit Auto Owner Trust, Series 2023-1, Class A, 4.85% 8/15/2035 <sup>(c)(d)</sup> <br>| 4029 | 4109 |
| Ford Credit Auto Owner Trust, Series 2023-2, Class A, 5.28% 2/15/2036 <sup>(c)(d)</sup> <br>| 2981 | 3083 |
| Ford Credit Floorplan Master Owner Trust, Series 2024-3, Class A1, 4.30% 9/15/2029 <sup>(c)(d)</sup> <br>| 6810 | 6854 |
| Ford Credit Floorplan Master Owner Trust, Series 2025-1, Class A1, 4.63% 4/15/2030 <sup>(c)</sup> <br>| 4155 | 4219 |
| Ford Credit Floorplan Master Owner Trust, Series 2025-2, Class A1, 4.06% 9/15/2030 <sup>(c)</sup> <br>| 19556 | 19649 |
| Ford Credit Floorplan Master Owner Trust, Series 2025-2, Class B, 4.33% 9/15/2030 <sup>(c)</sup> <br>| 594 | 596 |
| General Motors, Series 2025-1A, Class A1, 4.59% 3/15/2029 <sup>(c)(d)</sup> <br>| 1986 | 2001 |
| General Motors, Series 2025-2A, Class A, 4.64% 3/15/2030 <sup>(c)(d)</sup> <br>| 7089 | 7202 |
| GLS Auto Receivables Trust, Series 2024-4A, Class A2, 4.76% 10/15/2027 <sup>(c)(d)</sup> <br>| 385 | 386 |
| GLS Auto Receivables Trust, Series 2025-1A, Class A2, 4.68% 12/15/2027 <sup>(c)(d)</sup> <br>| 6899 | 6906 |
| GLS Auto Receivables Trust, Series 2024-2, Class A3, 5.64% 1/18/2028 <sup>(c)(d)</sup> <br>| 1681 | 1683 |
| GLS Auto Receivables Trust, Series 2025-2A, Class A2, 4.75% 3/15/2028 <sup>(c)(d)</sup> <br>| 11732 | 11754 |
| GLS Auto Receivables Trust, Series 2024-3A, Class A3, 5.02% 4/17/2028 <sup>(c)(d)</sup> <br>| 927 | 929 |
| GLS Auto Receivables Trust, Series 2025-3A, Class A2, 4.52% 7/17/2028 <sup>(c)(d)</sup> <br>| 7657 | 7674 |
| GLS Auto Receivables Trust, Series 2024-4A, Class A3, 4.75% 7/17/2028 <sup>(c)(d)</sup> <br>| 3110 | 3119 |
| GLS Auto Receivables Trust, Series 2025-1A, Class A3, 4.77% 9/15/2028 <sup>(c)(d)</sup> <br>| 5982 | 6005 |
| GLS Auto Receivables Trust, Series 2025-4A, Class A2, 4.37% 10/16/2028 <sup>(c)(d)</sup> <br>| 7000 | 7005 |
| GLS Auto Receivables Trust, Series 2025-2A, Class A3, 4.75% 1/16/2029 <sup>(c)(d)</sup> <br>| 14527 | 14611 |
| GLS Auto Receivables Trust, Series 2024-3A, Class B, 5.08% 1/16/2029 <sup>(c)(d)</sup> <br>| 724 | 729 |
| GLS Auto Receivables Trust, Series 2025-4A, Class A3, 4.29% 7/16/2029 <sup>(c)(d)</sup> <br>| 7785 | 7803 |
| GLS Auto Receivables Trust, Series 2025-2A, Class B, 4.97% 10/15/2029 <sup>(c)(d)</sup> <br>| 1983 | 2002 |
| GLS Auto Receivables Trust, Series 2024-1, Class C, 5.64% 12/17/2029 <sup>(c)(d)</sup> <br>| 5212 | 5275 |
| GLS Auto Receivables Trust, Series 2025-4A, Class B, 4.53% 4/15/2030 <sup>(c)(d)</sup> <br>| 3916 | 3933 |
| GLS Auto Select Receivables Trust, Series 2024-4A, Class A2, 4.43% 12/17/2029 <sup>(c)(d)</sup> <br>| 6484 | 6502 |
| GLS Auto Select Receivables Trust, Series 2024-1, Class A2, 5.24% 3/15/2030 <sup>(c)(d)</sup> <br>| 5840 | 5878 |
| GLS Auto Select Receivables Trust, Series 2025-1A, Class A2, 4.71% 4/15/2030 <sup>(c)(d)</sup> <br>| 9844 | 9914 |
| GLS Auto Select Receivables Trust, Series 24-3A, Class B, 5.64% 8/15/2030 <sup>(c)(d)</sup> <br>| 2150 | 2203 |

---

Short-Term Bond Fund of America — Page 4 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Auto loan (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| GLS Auto Select Receivables Trust, Series 24-3A, Class C, 5.92% 8/15/2030 <sup>(c)(d)</sup> <br>| USD2,500 | $2584 |
| GLS Auto Select Receivables Trust, Series 2025-3A, Class A2, 4.46% 10/15/2030 <sup>(c)(d)</sup> <br>| 3608 | 3628 |
| GLS Auto Select Receivables Trust, Series 2024-4A, Class B, 4.50% 11/15/2030 <sup>(c)(d)</sup> <br>| 780 | 784 |
| GLS Auto Select Receivables Trust, Series 2025-4A, Class A2, 4.17% 2/18/2031 <sup>(c)(d)</sup> <br>| 6359 | 6370 |
| GLS Auto Select Receivables Trust, Series 2025-1A, Class C, 5.26% 3/15/2031 <sup>(c)(d)</sup> <br>| 122 | 125 |
| GM Financial Automobile Leasing Trust, Series 2024-2, Class A3, 5.39% 7/20/2027 <sup>(c)</sup> <br>| 4131 | 4150 |
| GM Financial Automobile Leasing Trust, Series 2023-3, Class A4, 5.44% 8/20/2027 <sup>(c)</sup> <br>| 967 | 968 |
| GM Financial Consumer Automobile Receivables Trust, Series 2023-3, Class A3, 5.45% 6/16/2028 <sup>(c)</sup> <br>| 5076 | 5113 |
| GM Financial Revolving Receivables Trust, Series 2022-1, Class A, 5.91% 10/11/2035 <sup>(c)(d)</sup> <br>| 2325 | 2413 |
| GM Financial Revolving Receivables Trust, Series 2023-2, Class A, 5.77% 8/11/2036 <sup>(c)(d)</sup> <br>| 6653 | 6984 |
| GM Financial Revolving Receivables Trust, Series 2024-2, Class A, 4.52% 3/11/2037 <sup>(c)(d)</sup> <br>| 5035 | 5129 |
| GM Financial Securitized Term Auto Receivables Trust, Series 2024-1, Class A3, 4.85% 12/18/2028 <sup>(c)</sup> <br>| 4391 | 4416 |
| GM Financial Securitized Term Auto Receivables Trust, Series 2024-1, Class A4, 4.86% 6/18/2029 <sup>(c)</sup> <br>| 2495 | 2532 |
| GMF Floorplan Owner Revolving Trust, Series 2023-1, Class A1, 5.34% 6/15/2028 <sup>(c)(d)</sup> <br>| 16100 | 16207 |
| GMF Floorplan Owner Revolving Trust, Series 2024-1, Class A1, 5.13% 3/15/2029 <sup>(c)(d)</sup> <br>| 350 | 355 |
| Hertz Vehicle Financing III, LLC, Series 2023-1, Class A, 5.49% 6/25/2027 <sup>(c)(d)</sup> <br>| 19999 | 20085 |
| Hertz Vehicle Financing, LLC, Series 2023-1A, Class B, 6.22% 6/25/2027 <sup>(c)(d)</sup> <br>| 3340 | 3359 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class A, 1.68% 12/27/2027 <sup>(c)(d)</sup> <br>| 42849 | 41906 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class B, 2.12% 12/27/2027 <sup>(c)(d)</sup> <br>| 4177 | 4085 |
| Hertz Vehicle Financing, LLC, Series 2023-3A, Class A, 5.94% 2/25/2028 <sup>(c)(d)</sup> <br>| 10230 | 10389 |
| Hertz Vehicle Financing, LLC, Series 2024-1A, Class A, 5.44% 1/25/2029 <sup>(c)(d)</sup> <br>| 12336 | 12615 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class A, 4.91% 9/25/2029 <sup>(c)(d)</sup> <br>| 9888 | 10014 |
| Hertz Vehicle Financing, LLC, Series 2025-3A, Class A, 5.06% 12/26/2029 <sup>(c)(d)</sup> <br>| 16917 | 17200 |
| Hertz Vehicle Financing, LLC, Series 2025-5A, Class A, 4.62% 5/25/2030 <sup>(c)(d)</sup> <br>| 10948 | 10963 |
| Hertz Vehicle Financing, LLC, Series 2025-4A, Class A, 5.41% 12/25/2031 <sup>(c)(d)</sup> <br>| 2836 | 2935 |
| Hertz Vehicle Financing, LLC, Series 2025-6A, Class A, 4.89% 5/25/2032 <sup>(c)(d)</sup> <br>| 7690 | 7702 |
| Honda Auto Receivables Owner Trust, Series 2023-1, Class A3, 5.04% 4/21/2027 <sup>(c)</sup> <br>| 1548 | 1552 |
| Honda Auto Receivables Owner Trust, Series 2023-3, Class A3, 5.41% 2/18/2028 <sup>(c)</sup> <br>| 2084 | 2099 |
| Honda Auto Receivables Owner Trust, Series 2024-2, Class A3, 5.27% 11/20/2028 <sup>(c)</sup> <br>| 1429 | 1442 |
| Huntington National Bank (The), Series 2024-2, Class B1, 5.442% 10/20/2032 <sup>(c)(d)</sup> <br>| 8267 | 8357 |
| Huntington National Bank (The), Series 2025-1, Class B, 4.957% 3/21/2033 <sup>(c)(d)</sup> <br>| 19226 | 19391 |
| Huntington National Bank (The), Series 2025-2, Class B1, 4.835% 9/20/2033 <sup>(c)(d)</sup> <br>| 5515 | 5553 |
| Hyundai Auto Lease Securitization Trust, Series 2024-A, Class A3, 5.02% 3/15/2027 <sup>(c)(d)</sup> <br>| 6568 | 6584 |
| Hyundai Auto Lease Securitization Trust, Series 2024-A, Class A4, 5.07% 2/15/2028 <sup>(c)(d)</sup> <br>| 1425 | 1432 |
| Hyundai Auto Receivables Trust, Series 2024-A, Class A3, 4.99% 2/15/2029 <sup>(c)</sup> <br>| 5081 | 5123 |
| Hyundai Floorplan Master Owner Trust, Series 2025-1A, Class A, 4.01% 10/15/2030 <sup>(c)(d)</sup> <br>| 13925 | 13909 |
| LAD Auto Receivables Trust, Series 2022-1, Class B, 5.87% 9/15/2027 <sup>(c)(d)</sup> <br>| 416 | 417 |
| LAD Auto Receivables Trust, Series 2024-3A, Class A2, 4.64% 11/15/2027 <sup>(c)(d)</sup> <br>| 2362 | 2363 |
| LAD Auto Receivables Trust, Series 2023-4, Class A3, 6.10% 12/15/2027 <sup>(c)(d)</sup> <br>| 2320 | 2324 |
| LAD Auto Receivables Trust, Series 2023-1, Class C, 6.18% 12/15/2027 <sup>(c)(d)</sup> <br>| 339 | 340 |
| LAD Auto Receivables Trust, Series 2024-1, Class A3, 5.23% 1/18/2028 <sup>(c)(d)</sup> <br>| 2307 | 2312 |
| LAD Auto Receivables Trust, Series 2023-2, Class A3, 5.42% 2/15/2028 <sup>(c)(d)</sup> <br>| 1024 | 1025 |
| LAD Auto Receivables Trust, Series 2023-3, Class A4, 5.95% 3/15/2028 <sup>(c)(d)</sup> <br>| 10678 | 10718 |
| LAD Auto Receivables Trust, Series 2023-2, Class B, 5.45% 4/15/2028 <sup>(c)(d)</sup> <br>| 895 | 897 |
| LAD Auto Receivables Trust, Series 2025-2A, Class A2, 4.30% 7/17/2028 <sup>(c)(d)</sup> <br>| 3000 | 3006 |
| LAD Auto Receivables Trust, Series 2024-2, Class A3, 5.61% 8/15/2028 <sup>(c)(d)</sup> <br>| 3020 | 3039 |
| LAD Auto Receivables Trust, Series 2024-1, Class A4, 5.17% 9/15/2028 <sup>(c)(d)</sup> <br>| 6414 | 6454 |
| LAD Auto Receivables Trust, Series 2023-2, Class C, 5.58% 9/15/2028 <sup>(c)(d)</sup> <br>| 1980 | 1994 |
| LAD Auto Receivables Trust, Series 2024-1, Class B, 5.33% 2/15/2029 <sup>(c)(d)</sup> <br>| 1470 | 1491 |
| LAD Auto Receivables Trust, Series 2024-3A, Class A3, 4.52% 3/15/2029 <sup>(c)(d)</sup> <br>| 3273 | 3286 |
| LAD Auto Receivables Trust, Series 2024-2, Class A4, 5.46% 7/16/2029 <sup>(c)(d)</sup> <br>| 4612 | 4686 |
| LAD Auto Receivables Trust, Series 2024-3A, Class A4, 4.60% 12/17/2029 <sup>(c)(d)</sup> <br>| 1408 | 1421 |
| LAD Auto Receivables Trust, Series 2024-3A, Class B, 4.74% 1/15/2030 <sup>(c)(d)</sup> <br>| 394 | 398 |
| LAD Auto Receivables Trust, Series 2024-3A, Class C, 4.93% 3/15/2030 <sup>(c)(d)</sup> <br>| 142 | 144 |

---

Short-Term Bond Fund of America — Page 5 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Auto loan (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Lendbuzz Securitization Trust, Series 2025-1A, Class A2, 5.10% 10/15/2030 <sup>(c)(d)</sup> <br>| USD5,058 | $5056 |
| Mercedes-Benz Auto Lease Trust, Series 2024-A, Class A3, 5.32% 1/18/2028 <sup>(c)</sup> <br>| 4770 | 4819 |
| Mercedes-Benz Auto Receivables Trust, Series 2024-1, Class A3, 4.80% 4/16/2029 <sup>(c)</sup> <br>| 8737 | 8790 |
| Mercedes-Benz Auto Receivables Trust, Series 2024-1, Class A4, 4.79% 7/15/2031 <sup>(c)</sup> <br>| 4571 | 4649 |
| PenFed Auto Receivables Owner Trust, Series 2025-A, Class A2, 4.12% 9/15/2028 <sup>(c)(d)</sup> <br>| 5950 | 5955 |
| PenFed Auto Receivables Owner Trust, Series 2025-A, Class A3, 4.03% 7/15/2030 <sup>(c)(d)</sup> <br>| 2476 | 2483 |
| PenFed Auto Receivables Owner Trust, Series 2025-A, Class A4 4.19% 5/15/2031 <sup>(c)(d)</sup> <br>| 513 | 515 |
| Porsche Innovative Lease Owner Trust, Series 2024-2A, Class A2A, 4.47% 12/21/2026 <sup>(c)(d)</sup> <br>| 3961 | 3963 |
| Porsche Innovative Lease Owner Trust, Series 2024-1, Class A2A, 4.84% 1/20/2027 <sup>(c)(d)</sup> <br>| 672 | 673 |
| Porsche Innovative Lease Owner Trust, Series 2024-1, Class A3, 4.67% 11/22/2027 <sup>(c)(d)</sup> <br>| 4582 | 4600 |
| Porsche Innovative Lease Owner Trust, Series 2024-2A, Class A4, 4.26% 9/20/2030 <sup>(c)(d)</sup> <br>| 2634 | 2643 |
| Prestige Auto Receivables Trust, Series 2024-1, Class B, 5.71% 5/15/2028 <sup>(c)(d)</sup> <br>| 580 | 581 |
| Prestige Auto Receivables Trust, Series 2024-2, Class B, 4.56% 2/15/2029 <sup>(c)(d)</sup> <br>| 515 | 513 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-4A, Class A2, 5.124% 4/25/2034 <sup>(c)(d)</sup> <br>| 17390 | 17473 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-5A, Class A2, 4.575% 6/26/2034 <sup>(c)(d)</sup> <br>| 4917 | 4919 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-5A, Class A3, 4.838% 6/26/2034 <sup>(c)(d)</sup> <br>| 7600 | 7618 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-6A, Class A3, 5.013% 8/25/2034 <sup>(c)(d)</sup> <br>| 1000 | 1002 |
| Santander Drive Auto Receivables Trust, Series 2024-5, Class A2, 4.88% 9/15/2027 <sup>(c)</sup> <br>| 603 | 603 |
| Santander Drive Auto Receivables Trust, Series 2022-7, Class B, 5.95% 1/17/2028 <sup>(c)</sup> <br>| 304 | 304 |
| Santander Drive Auto Receivables Trust, Series 2024-1, Class A3, 5.25% 4/17/2028 <sup>(c)</sup> <br>| 1344 | 1345 |
| Santander Drive Auto Receivables Trust, Series 2025-2, Class A2, 4.71% 6/15/2028 <sup>(c)</sup> <br>| 2371 | 2376 |
| Santander Drive Auto Receivables Trust, Series 2023-3, Class B, 5.61% 7/17/2028 <sup>(c)</sup> <br>| 825 | 828 |
| Santander Drive Auto Receivables Trust, Series 2023-6, Class A3, 5.93% 7/17/2028 <sup>(c)</sup> <br>| 1217 | 1221 |
| Santander Drive Auto Receivables Trust, Series 2023-5, Class A3, 6.02% 9/15/2028 <sup>(c)</sup> <br>| 989 | 992 |
| Santander Drive Auto Receivables Trust, Series 2022-5, Class C, 4.74% 10/16/2028 <sup>(c)</sup> <br>| 3263 | 3265 |
| Santander Drive Auto Receivables Trust, Series 2024-5, Class A3, 4.62% 11/15/2028 <sup>(c)</sup> <br>| 7280 | 7293 |
| Santander Drive Auto Receivables Trust, Series 2022-6, Class C, 4.96% 11/15/2028 <sup>(c)</sup> <br>| 2560 | 2565 |
| Santander Drive Auto Receivables Trust, Series 2024-2, Class A3, 5.63% 11/15/2028 <sup>(c)</sup> <br>| 10483 | 10524 |
| Santander Drive Auto Receivables Trust, Series 2024-1, Class B, 5.23% 12/15/2028 <sup>(c)</sup> <br>| 3718 | 3736 |
| Santander Drive Auto Receivables Trust, Series 2025-4, Class A2, 4.28% 1/15/2029 <sup>(c)</sup> <br>| 14419 | 14427 |
| Santander Drive Auto Receivables Trust, Series 2024-4, Class A3, 4.85% 1/16/2029 <sup>(c)</sup> <br>| 1409 | 1412 |
| Santander Drive Auto Receivables Trust, Series 2024-3, Class A3, 5.63% 1/16/2029 <sup>(c)</sup> <br>| 4867 | 4888 |
| Santander Drive Auto Receivables Trust, Series 2024-2, Class B, 5.78% 7/16/2029 <sup>(c)</sup> <br>| 7586 | 7684 |
| Santander Drive Auto Receivables Trust, Series 2024-4, Class B, 4.93% 9/17/2029 <sup>(c)</sup> <br>| 917 | 923 |
| Santander Drive Auto Receivables Trust, Series 2024-3, Class B, 5.55% 9/17/2029 <sup>(c)</sup> <br>| 7975 | 8076 |
| Santander Drive Auto Receivables Trust, Series 2025-4, Class A3, 4.17% 4/15/2030 <sup>(c)</sup> <br>| 19220 | 19263 |
| Santander Drive Auto Receivables Trust, Series 2023-1, Class C, 5.09% 5/15/2030 <sup>(c)</sup> <br>| 8210 | 8264 |
| Santander Drive Auto Receivables Trust, Series 2023-3, Class C, 5.77% 11/15/2030 <sup>(c)</sup> <br>| 902 | 919 |
| Santander Drive Auto Receivables Trust, Series 2022-7, Class C, 6.69% 3/17/2031 <sup>(c)</sup> <br>| 961 | 981 |
| SBNA Auto Lease Trust, Series 2024-A, Class A3, 5.39% 11/20/2026 <sup>(c)(d)</sup> <br>| 2462 | 2469 |
| SBNA Auto Lease Trust, Series 2024-B, Class A3, 5.56% 11/22/2027 <sup>(c)(d)</sup> <br>| 3079 | 3096 |
| SBNA Auto Lease Trust, Series 2024-C, Class A3, 4.56% 2/22/2028 <sup>(c)(d)</sup> <br>| 2193 | 2198 |
| Securitized Term Auto Receivables Trust, Series 2025-A, Class B, 5.038% 7/25/2031 <sup>(c)(d)</sup> <br>| 856 | 864 |
| Securitized Term Auto Receivables Trust, Series 2025-B, Class B, 4.925% 12/29/2032 <sup>(c)(d)</sup> <br>| 1639 | 1653 |
| Securitized Term Auto Receivables Trust, Series 2025-B, Class C, 5.121% 12/29/2032 <sup>(c)(d)</sup> <br>| 1499 | 1511 |
| SFS Auto Receivables Securitization Trust, Series 2025-1A, Class A2, 4.65% 5/22/2028 <sup>(c)(d)</sup> <br>| 772 | 773 |
| SFS Auto Receivables Securitization Trust, Series 2024-3A, Class A2, 4.71% 5/22/2028 <sup>(c)(d)</sup> <br>| 4052 | 4057 |
| SFS Auto Receivables Securitization Trust, Series 2025-2A, Class A2, 4.52% 11/20/2028 <sup>(c)(d)</sup> <br>| 3168 | 3173 |
| SFS Auto Receivables Securitization Trust, Series 2024-3A, Class A3, 4.55% 6/20/2030 <sup>(c)(d)</sup> <br>| 6790 | 6828 |
| Space Coast Credit Union, Series 2025-1A, Class A2, 4.67% 11/15/2028 <sup>(c)(d)</sup> <br>| 20299 | 20352 |
| Space Coast Credit Union, Series 2024-1, Class A3, 5.11% 6/15/2029 <sup>(c)(d)</sup> <br>| 3183 | 3204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stellantis Financial Underwritten Enhanced Lease Trust, Series 2025-AA, Class A2, 4.63% <br>7/20/2027 <sup>(c)(d)</sup> <br>| 4273 | 4287 |
| Toyota Auto Receivables Owner Trust, Series 2023-A, Class A3, 4.63% 9/15/2027 <sup>(c)</sup> <br>| 4872 | 4882 |

---

Short-Term Bond Fund of America — Page 6 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Auto loan (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Toyota Auto Receivables Owner Trust, Series 2023-C, Class A3, 5.16% 4/17/2028 <sup>(c)</sup> <br>| USD4,082 | $4106 |
| Toyota Auto Receivables Owner Trust, Series 2024-A, Class A3, 4.83% 10/16/2028 <sup>(c)</sup> <br>| 7103 | 7143 |
| Toyota Auto Receivables Owner Trust, Series 2024-A, Class A4, 4.77% 4/16/2029 <sup>(c)</sup> <br>| 3293 | 3345 |
| Toyota Lease Owner Trust, Series 2024-B, Class A2A, 4.31% 2/22/2027 <sup>(c)(d)</sup> <br>| 6730 | 6733 |
| Tricolor Auto Securitization Trust, Series 2025-1A, Class A, 4.94% 2/15/2029 <sup>(c)(d)(e)</sup> <br>| 12946 | 9081 |
| Truist Bank Auto Credit-Linked Notes, Series 2025-1, Class B, 4.728% 9/26/2033 <sup>(c)(d)</sup> <br>| 17512 | 17536 |
| United Auto Credit Securitization Trust, Series 2025-1, Class A, 4.80% 6/10/2027 <sup>(c)(d)</sup> <br>| 8337 | 8343 |
| United Auto Credit Securitization Trust, Series 2025-1, Class B, 5.05% 2/10/2028 <sup>(c)(d)</sup> <br>| 10079 | 10095 |
| United Auto Credit Securitization Trust, Series 2025-1, Class C, 5.15% 6/10/2030 <sup>(c)(d)</sup> <br>| 1327 | 1335 |
| VStrong Auto Receivables Trust, Series 2024-A, Class A3, 5.62% 12/15/2028 <sup>(c)(d)</sup> <br>| 591 | 594 |
| Western Funding Auto Loan Trust, Series 2025-1, Class A, 4.75% 7/16/2035 <sup>(c)(d)</sup> <br>| 8343 | 8408 |
| Westlake Automobile Receivables Trust, Series 2025-3A, Class A1, 4.28% 10/15/2026 <sup>(c)(d)</sup> <br>| 14590 | 14592 |
| Westlake Automobile Receivables Trust, Series 2024-1, Class A3, 5.44% 5/17/2027 <sup>(c)(d)</sup> <br>| 1718 | 1720 |
| Westlake Automobile Receivables Trust, Series 2023-3, Class A3, 5.82% 5/17/2027 <sup>(c)(d)</sup> <br>| 144 | 144 |
| Westlake Automobile Receivables Trust, Series 2023-4, Class A3, 6.24% 7/15/2027 <sup>(c)(d)</sup> <br>| 8504 | 8523 |
| Westlake Automobile Receivables Trust, Series 2024-3A, Class A2A, 4.82% 9/15/2027 <sup>(c)(d)</sup> <br>| 4965 | 4972 |
| Westlake Automobile Receivables Trust, Series 2024-1, Class B, 5.55% 11/15/2027 <sup>(c)(d)</sup> <br>| 3739 | 3758 |
| Westlake Automobile Receivables Trust, Series 2022-3, Class C, 6.44% 12/15/2027 <sup>(c)(d)</sup> <br>| 803 | 806 |
| Westlake Automobile Receivables Trust, Series 2025-1A, Class A2A, 4.66% 1/18/2028 <sup>(c)(d)</sup> <br>| 11521 | 11541 |
| Westlake Automobile Receivables Trust, Series 2025-P1, Class A2, 4.65% 2/15/2028 <sup>(c)(d)</sup> <br>| 8952 | 8975 |
| Westlake Automobile Receivables Trust, Series 2024-3A, Class A3, 4.71% 4/17/2028 <sup>(c)(d)</sup> <br>| 5049 | 5066 |
| Westlake Automobile Receivables Trust, Series 2023-1, Class C, 5.74% 8/15/2028 <sup>(c)(d)</sup> <br>| 622 | 625 |
| Westlake Automobile Receivables Trust, Series 2025-2A, Class A2A, 4.66% 9/15/2028 <sup>(c)(d)</sup> <br>| 3400 | 3410 |
| Westlake Automobile Receivables Trust, Series 2024-1, Class C, 5.65% 2/15/2029 <sup>(c)(d)</sup> <br>| 2617 | 2643 |
| Westlake Automobile Receivables Trust, Series 2025-3A, Class A3, 4.22% 6/15/2029 <sup>(c)(d)</sup> <br>| 6416 | 6430 |
| Westlake Automobile Receivables Trust, Series 2024-2, Class B, 5.62% 3/15/2030 <sup>(c)(d)</sup> <br>| 2775 | 2802 |
| Westlake Automobile Receivables Trust, Series 2025-1A, Class B, 4.98% 9/16/2030 <sup>(c)(d)</sup> <br>| 388 | 391 |
| Westlake Automobile Receivables Trust, Series 2025-2A, Class B, 4.63% 1/15/2031 <sup>(c)(d)</sup> <br>| 1959 | 1969 |
| Westlake Flooring Master Trust, Series 2024-1, Class A, 5.43% 2/15/2028 <sup>(c)(d)</sup> <br>| 1341 | 1344 |
| Westlake Flooring Master Trust, Series 2025-1A, Class A, 4.23% 10/15/2029 <sup>(c)(d)</sup> <br>| 40050 | 40150 |
| Wheels Fleet Lease Funding, LLC, Series 2024-2A, Class A1, 4.87% 6/21/2039 <sup>(c)(d)</sup> <br>| 10995 | 11089 |
| Wheels Fleet Lease Funding, LLC, Series 2024-3A, Class A1, 4.80% 9/19/2039 <sup>(c)(d)</sup> <br>| 8166 | 8236 |
| World OMNI Select Auto Trust, Series 2024-A, Class A2A, 5.37% 2/15/2028 <sup>(c)</sup> <br>| 1016 | 1018 |
| World OMNI Select Auto Trust, Series 2025-A, Class A2A, 4.14% 5/15/2030 <sup>(c)</sup> <br>| 6361 | 6366 |
|  |  | 1452077 |
| **Other asset-backed securities 9.45%** |  |  |
| ACHV ABS Trust, Series 2024-3AL, Class A, 5.01% 12/26/2031 <sup>(c)(d)</sup> <br>| 872 | 880 |
| ACHV ABS Trust, Series 2024-3AL, Class B, 5.45% 12/26/2031 <sup>(c)(d)</sup> <br>| 476 | 481 |
| ACHV ABS Trust, Series 2025-1PL, Class A, 4.76% 4/26/2032 <sup>(c)(d)</sup> <br>| 2502 | 2510 |
| ACHV ABS Trust, Series 2025-1PL, Class B, 5.04% 4/26/2032 <sup>(c)(d)</sup> <br>| 1319 | 1324 |
| ACHV ABS Trust, Series 2025-1PL, Class C, 5.31% 4/26/2032 <sup>(c)(d)</sup> <br>| 1560 | 1567 |
| Affirm Asset Securitization Trust, Series 2024-B, Class A, 4.62% 9/15/2029 <sup>(c)(d)</sup> <br>| 10839 | 10867 |
| Affirm Asset Securitization Trust, Series 2025-X2, Class A, 4.45% 10/15/2030 <sup>(c)(d)</sup> <br>| 20873 | 20940 |
| Affirm Asset Securitization Trust, Series 2025-X2, Class B, 4.56% 10/15/2030 <sup>(c)(d)</sup> <br>| 1593 | 1599 |
| Affirm Master Trust, Series 2025-2A, Class A, 4.67% 7/15/2033 <sup>(c)(d)</sup> <br>| 1799 | 1810 |
| Affirm Master Trust, Series 2025-3A, Class A, 4.45% 10/16/2034 <sup>(c)(d)</sup> <br>| 14096 | 14137 |
| Affirm, Inc., Series 2024, Class 1A, 5.61% 2/15/2029 <sup>(c)(d)</sup> <br>| 27858 | 27929 |
| Affirm, Inc., Series 2024-A, Class A, 5.61% 2/15/2029 <sup>(c)(d)</sup> <br>| 13906 | 13942 |
| Affirm, Inc., Series 2024-X2, Class A, 5.22% 12/17/2029 <sup>(c)(d)</sup> <br>| 1898 | 1899 |
| Affirm, Inc., Series 2025-X1, Class A, 5.08% 4/15/2030 <sup>(c)(d)</sup> <br>| 12586 | 12610 |
| Ansley Park Capital, LLC, Series 2025-A, Class A2, 4.43% 4/20/2035 <sup>(c)(d)</sup> <br>| 27929 | 28117 |
| APL Finance, LLC, Series 2025-1A, Class A, 4.81% 3/20/2036 <sup>(c)(d)</sup> <br>| 5121 | 5140 |
| Apollo Aviation Securitization Equity Trust, Series 2025-3A, Class A, 5.243% 2/16/2050 <sup>(c)(d)</sup> <br>| 7745 | 7795 |

---

Short-Term Bond Fund of America — Page 7 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Other asset-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Apollo Aviation Securitization Equity Trust, Series 2025-2A, Class A, 5.522% 2/16/2050 <sup>(c)(d)</sup> <br>| USD1,894 | $1912 |
| Apollo Aviation Securitization Equity Trust, Series 2025-1A, Class A, 5.943% 2/16/2050 <sup>(c)(d)</sup> <br>| 346 | 354 |
| Auxilior Term Funding, LLC, Series 24-1, Class A2, 5.84% 3/15/2027 <sup>(c)(d)</sup> <br>| 2104 | 2110 |
| Auxilior Term Funding, LLC, Series 24-1, Class A3, 5.49% 7/15/2031 <sup>(c)(d)</sup> <br>| 2997 | 3045 |
| AXIS Equipment Finance Receivables, LLC, Series 2023-1, Class A2, 6.09% 12/20/2029 <sup>(c)(d)</sup> <br>| 1953 | 1971 |
| AXIS Equipment Finance Receivables, LLC, Series 2024-1, Class A2, 5.38% 1/21/2031 <sup>(c)(d)</sup> <br>| 1452 | 1469 |
| AXIS Equipment Finance Receivables, LLC, Series 2024-2, Class A2, 5.19% 7/21/2031 <sup>(c)(d)</sup> <br>| 3251 | 3294 |
| AXIS Equipment Finance Receivables, LLC, Series 2025-1A, Class A2, 4.70% 9/22/2031 <sup>(c)(d)</sup> <br>| 5997 | 6061 |
| Bankers Healthcare Group Securitization Trust, Series 2021-A, Class A, 1.42% 11/17/2033 <sup>(c)(d)</sup> <br>| 397 | 394 |
| Bankers Healthcare Group Securitization Trust, Series 2021-B, Class B, 1.67% 10/17/2034 <sup>(c)(d)</sup> <br>| 310 | 307 |
| Beacon Container Finance II, LLC, Series 2021-1A, Class A, 2.25% 10/22/2046 <sup>(c)(d)</sup> <br>| 7958 | 7458 |
| Blue Owl Asset Leasing Trust, Series 2024-1A, Class A2, 5.05% 3/15/2029 <sup>(c)(d)</sup> <br>| 4741 | 4759 |
| Blue Owl Asset Leasing Trust, Series 2024-1A, Class B, 5.41% 3/15/2030 <sup>(c)(d)</sup> <br>| 190 | 192 |
| Business Jet Securities, LLC, Series 2024-2A, Class A, 5.364% 9/15/2039 <sup>(c)(d)</sup> <br>| 612 | 619 |
| CAL Funding IV, Ltd., Series 2020-1A, Class A, 2.22% 9/25/2045 <sup>(c)(d)</sup> <br>| 1760 | 1687 |
| Capteris Equipment Finance, Series 2024-1, Class A2, 5.58% 7/20/2032 <sup>(c)(d)</sup> <br>| 18052 | 18383 |
| Castlelake Aircraft Securitization Trust, Series 2021-1, Class A, 2.868% 5/11/2037 <sup>(c)(d)</sup> <br>| 1214 | 1151 |
| Castlelake Aircraft Securitization Trust, Series 2025-1A, Class A, 5.783% 2/15/2050 <sup>(c)(d)</sup> <br>| 1292 | 1317 |
| Castlelake Aircraft Securitization Trust, Series 2025-3A, Class A, 5.087% 11/15/2050 <sup>(c)(d)</sup> <br>| 8041 | 8100 |
| CCG Receivables Trust, Series 2023-1, Class A2, 5.82% 9/16/2030 <sup>(c)(d)</sup> <br>| 1578 | 1584 |
| CCG Receivables Trust, Series 2023-1, Class B, 5.99% 9/16/2030 <sup>(c)(d)</sup> <br>| 6000 | 6066 |
| CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/2060 <sup>(c)(d)</sup> <br>| 42247 | 36310 |
| CF Hippolyta, LLC, Series 2020-1, Class A2, 1.99% 7/15/2060 <sup>(c)(d)</sup> <br>| 2554 | 2158 |
| CF Hippolyta, LLC, Series 2021-1, Class A1, 1.53% 3/15/2061 <sup>(c)(d)</sup> <br>| 27642 | 22710 |
| CF Hippolyta, LLC, Series 2022-1A, Class A1, 5.97% 8/15/2062 <sup>(c)(d)</sup> <br>| 10685 | 10544 |
| CF Hippolyta, LLC, Series 2022-1A, Class A2, 6.11% 8/15/2062 <sup>(c)(d)</sup> <br>| 4223 | 4110 |
| Clarus Capital Funding, LLC, Series 2024-1A, Class A2, 4.71% 8/20/2032 <sup>(c)(d)</sup> <br>| 7516 | 7542 |
| CLI Funding VI, LLC, Series 2020-2A, Class A, 2.03% 9/15/2045 <sup>(c)(d)</sup> <br>| 2132 | 2014 |
| CLI Funding VI, LLC, Series 2020-1A, Class A, 2.08% 9/18/2045 <sup>(c)(d)</sup> <br>| 4670 | 4407 |
| CLI Funding VI, LLC, Series 2020-3A, Class A, 2.07% 10/18/2045 <sup>(c)(d)</sup> <br>| 3790 | 3584 |
| CLI Funding VIII, LLC, Series 2021-1A, Class A, 1.64% 2/18/2046 <sup>(c)(d)</sup> <br>| 1322 | 1232 |
| CLI Funding VIII, LLC, Series 2022-1, Class A, 2.72% 1/18/2047 <sup>(c)(d)</sup> <br>| 3182 | 2969 |
| CNH Equipment Trust, Series 2024-B, Class A2A, 5.42% 10/15/2027 <sup>(c)</sup> <br>| 2422 | 2426 |
| CNH Equipment Trust, Series 2024-B, Class A3, 5.19% 9/17/2029 <sup>(c)</sup> <br>| 5635 | 5722 |
| CNH Equipment Trust, Series 2025-A, Class A3, 4.36% 8/15/2030 <sup>(c)</sup> <br>| 8000 | 8095 |
| CNH Equipment Trust, Series 2025-B, Class A3, 4.30% 10/15/2030 <sup>(c)</sup> <br>| 2000 | 2024 |
| Commercial Equipment Finance, Series 2024-1, Class A, 5.97% 7/16/2029 <sup>(c)(d)</sup> <br>| 3898 | 3940 |
| Commercial Equipment Finance, Series 2025-1A, Class A, 4.83% 5/15/2031 <sup>(c)(d)</sup> <br>| 12794 | 12845 |
| Crockett Partners Equipment Co. II, LLC, Series 2024-1C, Class A, 6.05% 1/20/2031 <sup>(c)(d)</sup> <br>| 4295 | 4348 |
| Crossroads Asset Trust, Series 2024-A, Class A2, 5.90% 8/20/2030 <sup>(c)(d)</sup> <br>| 3798 | 3839 |
| Daimler Trucks Retail Trust, Series 2024-1, Class A3, 5.49% 12/15/2027 <sup>(c)</sup> <br>| 2580 | 2602 |
| Dell Equipment Finance Trust, Series 2025-1, Class A2, 4.68% 7/22/2027 <sup>(c)(d)</sup> <br>| 5500 | 5518 |
| Dell Equipment Finance Trust, Series 2024-1, Class A3, 5.39% 3/22/2030 <sup>(c)(d)</sup> <br>| 9810 | 9881 |
| Dell Equipment Finance Trust, Series 2024-2, Class A3, 4.59% 8/22/2030 <sup>(c)(d)</sup> <br>| 3048 | 3071 |
| Dell Equipment Finance Trust, Series 2025-1, Class A3, 4.61% 2/24/2031 <sup>(c)(d)</sup> <br>| 5500 | 5553 |
| Dext ABS, Series 2023-1, Class A2, 5.99% 3/15/2032 <sup>(c)(d)</sup> <br>| 1370 | 1378 |
| DLLAA, LLC, Series 2025-1A, Class A4, 5.08% 4/20/2033 <sup>(c)(d)</sup> <br>| 3555 | 3677 |
| DLLAD, LLC, Series 2024-1, Class A2, 5.50% 8/20/2027 <sup>(c)(d)</sup> <br>| 1728 | 1736 |
| DLLAD, LLC, Series 2024-1, Class A3, 5.30% 7/20/2029 <sup>(c)(d)</sup> <br>| 1227 | 1254 |
| DLLMT, LLC, Series 2024-1A, Class A3, 4.84% 8/21/2028 <sup>(c)(d)</sup> <br>| 5000 | 5047 |
| DLLMT, LLC, Series 2024-1A, Class A4, 4.98% 4/20/2032 <sup>(c)(d)</sup> <br>| 3000 | 3061 |
| EDvestinU Private Education Loan, LLC, Series 2021-A, Class A, 1.80% 11/25/2045 <sup>(c)(d)</sup> <br>| 477 | 448 |
| EquipmentShare, Series 2024-2M, Class A, 5.70% 12/20/2032 <sup>(c)(d)</sup> <br>| 9616 | 9661 |
| EquipmentShare, Series 2025-1M, Class A, 5.48% 9/26/2033 <sup>(c)(d)</sup> <br>| 8952 | 8921 |

---

Short-Term Bond Fund of America — Page 8 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Other asset-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Frontier Issuer, LLC, Series 2023-1, Class A2, 6.60% 8/20/2053 <sup>(c)(d)</sup> <br>| USD9,000 | $9108 |
| GCI Funding I, LLC, Series 2020-1, Class A, 2.82% 10/18/2045 <sup>(c)(d)</sup> <br>| 4979 | 4769 |
| GCI Funding I, LLC, Series 2021-1, Class A, 2.38% 6/18/2046 <sup>(c)(d)</sup> <br>| 4413 | 4137 |
| Global SC Finance V SRL, Series 2020-1A, Class A, 2.17% 10/17/2040 <sup>(c)(d)</sup> <br>| 12894 | 12330 |
| Global SC Finance VII SRL, Series 2020-2A, Class A, 2.26% 11/19/2040 <sup>(c)(d)</sup> <br>| 10077 | 9661 |
| Global SC Finance VII SRL, Series 2021-1A, Class A, 1.86% 4/17/2041 <sup>(c)(d)</sup> <br>| 11992 | 11205 |
| Global SC Finance VII SRL, Series 2021-2A, Class A, 1.95% 8/17/2041 <sup>(c)(d)</sup> <br>| 5126 | 4820 |
| GreatAmerica Leasing Receivables Funding, LLC, Series 2024-2, Class A2, 5.28% 3/15/2027 <sup>(c)(d)</sup> <br>| 1674 | 1682 |
| GreatAmerica Leasing Receivables Funding, LLC, Series 2025-1, Class A2, 4.52% 10/15/2027 <sup>(c)(d)</sup> <br>| 8062 | 8089 |
| GreatAmerica Leasing Receivables Funding, LLC, Series 2024-1, Class A3, 4.98% 1/18/2028 <sup>(c)(d)</sup> <br>| 1710 | 1725 |
| GreatAmerica Leasing Receivables Funding, LLC, Series 2025-1, Class A3, 4.49% 4/16/2029 <sup>(c)(d)</sup> <br>| 4213 | 4262 |
| GreatAmerica Leasing Receivables Funding, LLC, Series 22-1, Class A4, 5.35% 7/16/2029 <sup>(c)(d)</sup> <br>| 9799 | 9877 |
| GreatAmerica Leasing Receivables Funding, LLC, Series 2023-1, Class B, 5.21% 3/15/2030 <sup>(c)(d)</sup> <br>| 500 | 508 |
| Horizon Aircraft Finance, Series 2024-1, Class A, 5.375% 9/15/2049 <sup>(c)(d)</sup> <br>| 553 | 562 |
| HPEFS Equipment Trust, Series 2025-1A, Class A3, 4.43% 9/20/2032 <sup>(c)(d)</sup> <br>| 1652 | 1664 |
| HPEFS Equipment Trust, Series 2025-2A, Class A3, 4.03% 11/22/2032 <sup>(c)(d)</sup> <br>| 3706 | 3711 |
| HPEFS Equipment Trust, Series 2025-2A, Class A2, 4.07% 11/22/2032 <sup>(c)(d)</sup> <br>| 2010 | 2011 |
| John Deere Owner Trust, Series 2024-A, Class A3, 4.96% 11/15/2028 <sup>(c)</sup> <br>| 3689 | 3720 |
| John Deere Owner Trust, Series 2024-B, Class A3, 5.20% 3/15/2029 <sup>(c)</sup> <br>| 11723 | 11901 |
| M&T Equipment Notes, Series 2024-1, Class A3, 4.76% 8/18/2031 <sup>(c)(d)</sup> <br>| 6103 | 6184 |
| Merchants Fleet Funding, LLC, Series 2024-1, Class A, 5.82% 4/20/2037 <sup>(c)(d)</sup> <br>| 12075 | 12157 |
| Mercury Financial Credit Card Master Trust, Series 2024-2A, Class A, 6.56% 7/20/2029 <sup>(c)(d)</sup> <br>| 11873 | 11945 |
| MMP Capital, Series 2025-A, Class A, 5.36% 12/15/2031 <sup>(c)(d)</sup> <br>| 1877 | 1893 |
| New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/2061 <sup>(c)(d)</sup> <br>| 53935 | 45865 |
| NMEF Funding, LLC, Series 2023-A, Class A2, 6.57% 6/17/2030 <sup>(c)(d)</sup> <br>| 679 | 683 |
| NMEF Funding, LLC, Series 2024-A, Class A2, 5.15% 12/15/2031 <sup>(c)(d)</sup> <br>| 12152 | 12228 |
| NMEF Funding, LLC, Series 2025-A, Class A2, 4.72% 7/15/2032 <sup>(c)(d)</sup> <br>| 10161 | 10195 |
| NMEF Funding, LLC, Series 2025-B, Class A2, 4.64% 1/18/2033 <sup>(c)(d)</sup> <br>| 12888 | 12934 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-1, Class A, 6.27% 6/17/2031 <sup>(c)(d)</sup> <br>| 9128 | 9221 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-2A, Class A, 4.98% 10/17/2031 <sup>(c)(d)</sup> <br>| 6093 | 6124 |
| OnDeck Asset Securitization Trust, LLC, Series 2025-1A, Class A, 5.08% 4/19/2032 <sup>(c)(d)</sup> <br>| 6040 | 6077 |
| OnDeck Asset Securitization Trust, LLC, Series 2025-2A, Class A, 4.84% 11/17/2032 <sup>(c)(d)</sup> <br>| 4549 | 4578 |
| Oportun Funding, LLC, Series 2021-B, Class A, 1.47% 5/8/2031 <sup>(c)(d)</sup> <br>| 1893 | 1855 |
| Pagaya AI Debt Selection Trust, Series 2025-R3, Class A, 4.841% 1/18/2033 <sup>(c)(d)</sup> <br>| 35891 | 35917 |
| Pagaya Point Of Sale Holdings Grantor Trust, Series 2025-2, Class A, 5.065% 7/20/2033 <sup>(c)(d)</sup> <br>| 22561 | 22675 |
| PEAC Solutions Receivables, LLC, Series 2024-2A, Class A2, 4.74% 4/20/2027 <sup>(c)(d)</sup> <br>| 8379 | 8397 |
| PEAC Solutions Receivables, LLC, Series 2024-1A, Class A2, 5.79% 6/21/2027 <sup>(c)(d)</sup> <br>| 10848 | 10934 |
| PEAC Solutions Receivables, LLC, Series 2025-1A, Class A2, 4.94% 10/20/2028 <sup>(c)(d)</sup> <br>| 6854 | 6899 |
| PEAC Solutions Receivables, LLC, Series 2024-1A, Class A3, 5.64% 11/20/2030 <sup>(c)(d)</sup> <br>| 9000 | 9237 |
| PEAC Solutions Receivables, LLC, Series 2024-2A, Class A3, 4.65% 10/20/2031 <sup>(c)(d)</sup> <br>| 1463 | 1472 |
| PEAC Solutions Receivables, LLC, Series 2025-1A, Class A3, 5.04% 7/20/2032 <sup>(c)(d)</sup> <br>| 2000 | 2041 |
| PFS Financing Corp., Series 2023-A, Class A, 5.80% 3/15/2028 <sup>(c)(d)</sup> <br>| 10653 | 10704 |
| PFS Financing Corp., Series 2023-B, Class A, 5.27% 5/15/2028 <sup>(c)(d)</sup> <br>| 7722 | 7759 |
| PFS Financing Corp., Series 2024-F, Class A, 4.75% 8/15/2029 <sup>(c)(d)</sup> <br>| 7918 | 8011 |
| PG&E Recovery Funding, LLC, Series 2024-A, Class A1, 4.838% 6/1/2033 <sup>(c)</sup> <br>| 4411 | 4509 |
| PK ALIFT Loan Funding, Series 2025-2, Class A, 4.75% 3/15/2043 <sup>(c)(d)</sup> <br>| 1540 | 1529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PK ALIFT Loan Funding 3, LP, Series 2024-1, Class AF, (1-month USD CME Term SOFR + 1.70%) <br> 5.659% 9/15/2039 <sup>(c)(d)(f)</sup> <br>| 1114 | 1125 |
| PK ALIFT Loan Funding 3, LP, Series 2024-1, Class A1, 5.842% 9/15/2039 <sup>(c)(d)</sup> <br>| 3187 | 3269 |
| PK ALIFT Loan Funding 4, LP, Series 2024-2, Class A, 5.052% 10/15/2039 <sup>(c)(d)</sup> <br>| 4018 | 4049 |
| Post Road Equipment Finance, Series 2025-1A, Class A2, 4.90% 5/15/2031 <sup>(c)(d)</sup> <br>| 3262 | 3286 |
| Reach Financial, LLC, Series 2024-2, Class A, 5.88% 7/15/2031 <sup>(c)(d)</sup> <br>| 2302 | 2313 |
| SCF Equipment Leasing, LLC, Series 2024-1A, Class A2, 5.88% 11/20/2029 <sup>(c)(d)</sup> <br>| 1298 | 1305 |
| SCF Equipment Leasing, LLC, Series 2024-1A, Class A3, 5.52% 1/20/2032 <sup>(c)(d)</sup> <br>| 20230 | 20597 |

---

Short-Term Bond Fund of America — Page 9 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Other asset-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| SCF Equipment Trust, LLC, Series 2025-1A, Class A2, 4.82% 7/22/2030 <sup>(c)(d)</sup> <br>| USD4,221 | $4235 |
| SCF Equipment Trust, LLC, Series 2025-1A, Class A3, 5.11% 11/21/2033 <sup>(c)(d)</sup> <br>| 2972 | 3040 |
| SCF Equipment Trust, LLC, Series 2025-2A, Class C, 4.82% 6/20/2036 <sup>(c)(d)</sup> <br>| 1575 | 1580 |
| SLAM, LLC, Series 2024-1A, Class A, 5.335% 9/15/2049 <sup>(c)(d)</sup> <br>| 439 | 447 |
| SPRITE, Ltd., Series 2021-1, Class A, 3.75% 11/15/2046 <sup>(c)(d)</sup> <br>| 3152 | 3085 |
| Stonepeak Infrastructure Partners, Series 2021-1A, Class AA, 2.301% 2/28/2033 <sup>(c)(d)</sup> <br>| 1389 | 1353 |
| SuttonPark Structured Settlements, Series 2021-1, Class A, 1.95% 9/15/2075 <sup>(c)(d)</sup> <br>| 5765 | 5628 |
| Synchrony Card Issuance Trust, Series 2023-A, Class A, 5.54% 7/15/2029 <sup>(c)</sup> <br>| 5633 | 5686 |
| Synchrony Card Issuance Trust, Series 2023-A2, Class A, 5.74% 10/15/2029 <sup>(c)</sup> <br>| 6984 | 7088 |
| Synchrony Card Issuance Trust, Series 2024-A2, Class A, 4.93% 7/15/2030 <sup>(c)</sup> <br>| 8978 | 9130 |
| Synchrony Card Issuance Trust, Series 2025-A1, Class A, 4.78% 2/15/2031 <sup>(c)</sup> <br>| 7759 | 7905 |
| Synchrony Card Issuance Trust, Series 2025-A2, Class A, 4.49% 5/15/2031 <sup>(c)</sup> <br>| 17351 | 17601 |
| Synchrony Card Issuance Trust, Series 2025-A3, Class A, 4.06% 11/17/2031 <sup>(c)</sup> <br>| 15299 | 15346 |
| TAL Advantage V, LLC, Series 2020-1A, Class A, 2.05% 9/20/2045 <sup>(c)(d)</sup> <br>| 6713 | 6416 |
| Textainer Marine Containers, Ltd., Series 2020-1A, Class A, 2.73% 8/21/2045 <sup>(c)(d)</sup> <br>| 3063 | 2962 |
| Textainer Marine Containers, Ltd., Series 2020-2A, Class A, 2.10% 9/20/2045 <sup>(c)(d)</sup> <br>| 4674 | 4440 |
| Textainer Marine Containers, Ltd., Series 2020-3, Class A, 2.11% 9/20/2045 <sup>(c)(d)</sup> <br>| 427 | 408 |
| Textainer Marine Containers, Ltd., Series 2021-1, Class A, 1.68% 2/20/2046 <sup>(c)(d)</sup> <br>| 9234 | 8665 |
| Textainer Marine Containers, Ltd., Series 2021-2A, Class A, 2.23% 4/20/2046 <sup>(c)(d)</sup> <br>| 9416 | 8925 |
| TIF Funding II, LLC, Series 2021-1A, Class A, 1.65% 2/20/2046 <sup>(c)(d)</sup> <br>| 6701 | 6154 |
| T-Mobile US Trust, Series 2024-1, Class A, 5.05% 9/20/2029 <sup>(c)(d)</sup> <br>| 14656 | 14750 |
| Trinity Rail Leasing 2018, LLC, Series 2020-1A, Class A, 1.96% 10/17/2050 <sup>(c)(d)</sup> <br>| 2649 | 2534 |
| Trinity Rail Leasing, LP, Series 2020-2A, Class A2, 2.56% 11/19/2050 <sup>(c)(d)</sup> <br>| 8198 | 7873 |
| Triton Container Finance VIII, LLC, Series 2020-1, Class A, 2.11% 9/20/2045 <sup>(c)(d)</sup> <br>| 10879 | 10268 |
| Triumph Rail, LLC, Series 2021-2, Class A, 2.15% 6/19/2051 <sup>(c)(d)</sup> <br>| 2667 | 2573 |
| U.S. Bank National Association, Series 2025-SUP1, Class B, 5.582% 2/25/2032 <sup>(c)(d)</sup> <br>| 5627 | 5653 |
| U.S. Bank National Association, Series 2025-SUP2, Class B1, 4.818% 9/25/2032 <sup>(c)(d)</sup> <br>| 5921 | 5955 |
| Upstart Securitization Trust, Series 2025-4, Class B, 5.20% 11/20/2035 <sup>(c)(d)</sup> <br>| 2895 | 2904 |
| Verdant Receivables, LLC, Series 2025-1A, Class A2, 4.85% 3/13/2028 <sup>(c)(d)</sup> <br>| 10202 | 10247 |
| Verdant Receivables, LLC, Series 2023-1A, Class A2, 6.24% 1/13/2031 <sup>(c)(d)</sup> <br>| 5764 | 5867 |
| Verdant Receivables, LLC, Series 2024-1, Class A2, 5.68% 12/12/2031 <sup>(c)(d)</sup> <br>| 4111 | 4190 |
| Verdant Receivables, LLC, Series 2025-1A, Class A3, 4.96% 5/12/2033 <sup>(c)(d)</sup> <br>| 11438 | 11673 |
| Verizon Master Trust, Series 2024-1, Class A1A, 5.00% 12/20/2028 <sup>(c)</sup> <br>| 8983 | 8988 |
| Verizon Master Trust, Series 2023-1, Class A, 4.49% 1/22/2029 (5.24% on 1/20/2026) <sup>(c)(g)</sup> <br>| 14221 | 14229 |
| Verizon Master Trust, Series 2025-3, Class A1A, 4.51% 3/20/2030 (5.26% on 11/20/2027) <sup>(c)(g)</sup> <br>| 9867 | 9947 |
| Verizon Master Trust, Series 2024-3, Class A1A, 5.34% 4/22/2030 <sup>(c)</sup> <br>| 10895 | 11109 |
| Verizon Master Trust, Series 2024-6, Class A1A, 4.17% 8/20/2030 <sup>(c)</sup> <br>| 7750 | 7797 |
| Verizon Master Trust, Series 2025-9, Class A1A, 3.96% 10/21/2030 (4.67% on 10/20/2027) <sup>(c)(g)</sup> <br>| 38332 | 38486 |
| Verizon Master Trust, Series 2025-7, Class A1A, 3.96% 8/20/2031 <sup>(c)</sup> <br>| 18583 | 18657 |
| Verizon Master Trust, Series 2024-2, Class A, 4.83% 12/22/2031 <sup>(c)(d)</sup> <br>| 3475 | 3567 |
| Verizon Master Trust, Series 2024-5, Class A, 5.00% 6/21/2032 <sup>(c)(d)</sup> <br>| 2919 | 3015 |
| Verizon Master Trust, Series 2025-10, Class A, 4.28% 10/20/2033 (4.96% on 10/20/2030) <sup>(c)(d)(g)</sup> <br>| 1298 | 1302 |
| VFI ABS, LLC, Series 2025-1A, Class A, 4.78% 6/24/2030 <sup>(c)(d)</sup> <br>| 3538 | 3552 |
| Volvo Financial Equipment, LLC, Series 2024-1A, Class A2, 4.56% 5/17/2027 <sup>(c)(d)</sup> <br>| 1079 | 1081 |
| Volvo Financial Equipment, LLC, Series 2025-1A, Class A2, 4.41% 11/15/2027 <sup>(c)(d)</sup> <br>| 4090 | 4098 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class B, 4.128% 10/20/2026 <sup>(c)(d)</sup> <br>| 2012 | 2013 |
| Wingspire Equipment Finance, LLC, Series 2024-1A, Class A2, 4.99% 9/20/2032 <sup>(c)(d)</sup> <br>| 3619 | 3639 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class A2, 4.33% 9/20/2033 <sup>(c)(d)</sup> <br>| 1228 | 1230 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class B, 4.57% 9/20/2033 <sup>(c)(d)</sup> <br>| 1490 | 1494 |
|  |  | 1180901 |

---

Short-Term Bond Fund of America — Page 10 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Collateralized loan obligations 2.56%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 522 Funding CLO, Ltd., Series 18-3, Class AR, (3-month USD CME Term SOFR + 1.302%) 5.186% <br> 10/20/2031 <sup>(c)(d)(f)</sup> <br>| USD302 | $302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allegro CLO, Ltd., Series 2019-1, Class ARR, (3-month USD CME Term SOFR + 1.13%) 5.014% <br> 4/20/2032 <sup>(c)(d)(f)</sup> <br>| 2211 | 2212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apex Credit CLO, LLC, Series 2021-2A, Class A1AR, (3-month USD CME Term SOFR + 1.18%) <br> 5.064% 10/20/2034 <sup>(c)(d)(f)</sup> <br>| 4688 | 4686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apex Credit CLO, LLC, Series 2021-2A, Class A1BR, (3-month USD CME Term SOFR + 1.55%) 5.434% <br> 10/20/2034 <sup>(c)(d)(f)</sup> <br>| 6000 | 5994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apidos CLO, Ltd., Series 2019-32A, Class A1R, (3-month USD CME Term SOFR + 1.10%) 4.984% <br> 1/20/2033 <sup>(c)(d)(f)</sup> <br>| 5570 | 5575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARES CLO, Ltd., Series 2021-62, Class A1R, (3-month USD CME Term SOFR + 1.07%) 4.928% <br> 1/25/2034 <sup>(c)(d)(f)</sup> <br>| 5000 | 5001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARES CLO, Ltd., Series 2019-53A, Class A1R2, (3-month USD CME Term SOFR + 1.09%) 4.925% <br> 10/24/2036 <sup>(c)(d)(f)</sup> <br>| 36363 | 36372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atlas Senior Loan Fund, Ltd., Series 2021-16A, Class AR, (3-month USD CME Term SOFR + 1.10%) <br> 4.984% 1/20/2034 <sup>(c)(d)(f)</sup> <br>| 3000 | 3001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atlas Senior Loan Fund, Ltd., CLO, Series 2021-16A, Class C1R, (3-month USD CME Term SOFR + <br> 1.90%) 5.784% 1/20/2034 <sup>(c)(d)(f)</sup> <br>| 1617 | 1618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Babson CLO, Ltd., Series 2021-2A, Class A1R, (3-month USD CME Term SOFR + 1.07%) 4.975% <br> 7/15/2034 <sup>(c)(d)(f)</sup> <br>| 5604 | 5610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Battalion CLO, Ltd., Series 2018-12A, Class ARR, (3-month USD CME Term SOFR + 0.93%) 4.782% <br> 5/17/2031 <sup>(c)(d)(f)</sup> <br>| 3927 | 3931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Battalion CLO, Ltd., Series,2019-14A, Class AR2, (3-month USD CME Term SOFR + 1.14%) 5.024% <br> 1/20/2035 <sup>(c)(d)(f)</sup> <br>| 3000 | 3003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beechwood Park CLO, Ltd., Series 2019-1A, Class A1RR, (3-month USD CME Term SOFR + 1.07%) <br> 4.969% 1/17/2035 <sup>(c)(d)(f)</sup> <br>| 4000 | 4003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackrock CLO, Series 2025-2A, Class A, (3-month USD CME Term SOFR + 1.27%) 5.047% <br> 11/21/2033 <sup>(c)(d)(f)</sup> <br>| 17410 | 17425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bluemountain CLO, Ltd., Series 2021-31A, Class A1R, (3-month USD CME Term SOFR + 1.10%) <br> 5.246% 4/19/2034 <sup>(c)(d)(f)</sup> <br>| 4652 | 4652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canyon Capital CLO, Ltd., Series 2021-1A, Class AR, (3-month USD CME Term SOFR + 1.05%) <br> 4.955% 4/15/2034 <sup>(c)(d)(f)</sup> <br>| 13000 | 13011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cerberus Loan Funding, LP, CLO, Series 2022-2, Class A1, (3-month USD CME Term SOFR + 2.75%) <br> 6.655% 10/15/2034 <sup>(c)(d)(f)</sup> <br>| 3000 | 3013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cerberus Loan Funding, LP, CLO, Series 2023-1, Class A, (3-month USD CME Term SOFR + 2.40%) <br> 6.305% 3/22/2035 <sup>(c)(d)(f)</sup> <br>| 2000 | 2007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cerberus Onshore CLO, LLC, Series 2025-4A, Class A, (3-month USD CME Term SOFR + 1.48%) <br> 5.315% 1/15/2038 <sup>(c)(d)(f)</sup> <br>| 5000 | 5001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CIFC Funding, Ltd., CLO, Series 2017-4, Class A1R, (3-month USD CME Term SOFR + 1.212%) <br> 5.077% 10/24/2030 <sup>(c)(d)(f)</sup> <br>| 241 | 241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden Senior Loan Fund, Series 2022-112A, Class AR2, (3-month USD CME Term SOFR + 1.14%) <br> 5.005% 11/15/2036 <sup>(c)(d)(f)</sup> <br>| 3000 | 3002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden Senior Loan Fund, Series 2022-11, Class AR3, (3-month USD CME Term SOFR + 1.09%) <br> 4.995% 10/15/2037 <sup>(c)(d)(f)</sup> <br>| 3000 | 2999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden Senior Loan Fund, CLO, Series 2016-45A, Class A1RR, (3-month USD CME Term SOFR + <br> 1.08%) 4.985% 10/15/2030 <sup>(c)(d)(f)</sup> <br>| 2923 | 2925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden Senior Loan Fund, CLO, Series 2015-37, Class AR, (3-month USD CME Term SOFR + 1.362%) <br> 5.266% 1/15/2031 <sup>(c)(d)(f)</sup> <br>| 513 | 513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden Senior Loan Fund, CLO, Series 2018-60A, Class A, (3-month USD CME Term SOFR + 1.312%) <br> 5.216% 7/15/2031 <sup>(c)(d)(f)</sup> <br>| 302 | 303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Flatiron CLO, Ltd., Series 2024-1A, Class A1R, (3-month USD CME Term SOFR + 1.08%) 4.985% <br> 7/15/2036 <sup>(c)(d)(f)</sup> <br>| 7269 | 7281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL, Ltd., Series 2019-2A, Class CR, (3-month USD CME Term SOFR + 2.00%) 5.884% <br> 10/20/2032 <sup>(c)(d)(f)</sup> <br>| 1750 | 1748 |

---

Short-Term Bond Fund of America — Page 11 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Collateralized loan obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL, Ltd., Series 2020-1A, Class A1AR (3-month USD CME Term SOFR + 1.10%) <br> 5.028% 10/20/2033 <sup>(c)(d)(f)</sup> <br>| USD5,000 | $5003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL, Ltd., CLO, Series 2019-2A, Class A1AR, (3-month USD CME Term SOFR + 1.05%) <br> 4.934% 10/20/2032 <sup>(c)(d)(f)</sup> <br>| 3788 | 3786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL, Ltd., CLO, Series 2022-2, Class AR, (3-month USD CME Term SOFR + 1.40%) <br> 5.284% 10/18/2033 <sup>(c)(d)(f)</sup> <br>| 3938 | 3939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL, Ltd., CLO, Series 2023-1A, Class A1R, (3-month USD CME Term SOFR + 1.57%) <br> 5.43% 4/23/2036 <sup>(c)(d)(f)</sup> <br>| 2400 | 2405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golub Capital Partners CLO, Ltd., Series 2016-31A, Class A2RR, (3-month USD CME Term SOFR + <br> 1.75%) 5.651% 11/5/2037 <sup>(c)(d)(f)</sup> <br>| 1000 | 1001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golub Capital Partners Static, Ltd., CLO, Series 2024-1, Class AR, (3-month USD CME Term SOFR + <br> 1.12%) 5.446% 7/20/2035 <sup>(c)(d)(f)</sup> <br>| 935 | 935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamestown CLO, Ltd., Series 2018-11, Class A2, (3-month USD CME Term SOFR + 1.962%) 5.873% <br> 7/14/2031 <sup>(c)(d)(f)</sup> <br>| 2000 | 2007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KKR Financial CLO, Ltd., Series 11, Class AR, (3-month USD CME Term SOFR + 1.442%) 5.346% <br> 1/15/2031 <sup>(c)(d)(f)</sup> <br>| 112 | 112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KKR Financial CLO, Ltd., Series 2021, Class A, (3-month USD CME Term SOFR + 1.262%) 5.166% <br> 4/15/2031 <sup>(c)(d)(f)</sup> <br>| 302 | 302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KKR Financial CLO, Ltd., Series 16, Class A12R, (3-month USD CME Term SOFR + 1.472%) 5.356% <br> 10/20/2034 <sup>(c)(d)(f)</sup> <br>| 734 | 734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LCM, LP, CLO, Series 2027, Class A1, (3-month USD CME Term SOFR + 1.342%) 5.235% <br>7/16/2031 <sup>(c)(d)(f)</sup> <br>| 46 | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Funding, Ltd., CLO, Series 2021-48A, Class A, (3-month USD CME Term SOFR + <br> 1.412%) 5.296% 4/19/2033 <sup>(c)(d)(f)</sup> <br>| 785 | 785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magnetite CLO, Ltd., Series 2019-22, Class ARR, (3-month USD CME Term SOFR + 1.25%) 5.155% <br> 7/15/2036 <sup>(c)(d)(f)</sup> <br>| 2771 | 2772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marble Point CLO, Ltd., Series 2019-1A, Class A1R2, (3-month USD CME Term SOFR + 1.04%) 4.90% <br> 7/23/2032 <sup>(c)(d)(f)</sup> <br>| 15779 | 15786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marble Point CLO, Ltd., Series 2019-1A, Class BR2, (3-month USD CME Term SOFR + 1.60%) 5.46% <br> 7/23/2032 <sup>(c)(d)(f)</sup> <br>| 1250 | 1251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Monroe Capital MML CLO XI, Ltd., Series 2021-2, Class A1, (3-month USD CME Term SOFR + <br> 1.762%) 5.799% 9/14/2033 <sup>(c)(d)(f)</sup> <br>| 4000 | 4010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Newark BSL CLO 2, Ltd., Series 2017-1A, Class A1R, (3-month USD CME Term SOFR + 1.232%) <br> 5.09% 7/25/2030 <sup>(c)(d)(f)</sup> <br>| 986 | 987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OCP CLO, Ltd., Series 2019-16A, Class AR, (3-month USD CME Term SOFR + 1.262%) 5.189% <br> 4/10/2033 <sup>(c)(d)(f)</sup> <br>| 2458 | 2461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palmer Square Loan Funding, Ltd., Series 2022-4A, Class A1RN, (3-month USD CME Term SOFR + <br> 1.00%) 4.865% 7/24/2031 <sup>(c)(d)(f)</sup> <br>| 2440 | 2440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palmer Square Loan Funding, Ltd., Series 2024-2A, Class A1N, (3-month USD CME Term SOFR + <br> 1.00%) 4.905% 1/15/2033 <sup>(c)(d)(f)</sup> <br>| 2398 | 2399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Parallel, Ltd., Series 2023-1A, Class A1R, (3-month USD CME Term SOFR + 1.39%) 5.274% <br>7/20/2036 <sup>(c)(d)(f)</sup> <br>| 9500 | 9525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PPM CLO 2, Ltd., Series 2019-2, Class CR2, (3-month USD CME Term SOFR + 2.80%) 6.694% <br> 4/16/2037 <sup>(c)(d)(f)</sup> <br>| 3000 | 3008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockford Tower CLO, Ltd., Series 2017-3, Class A, (3-month USD CME Term SOFR + 1.452%) 5.336% <br> 10/20/2030 <sup>(c)(d)(f)</sup> <br>| 139 | 139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockford Tower CLO, Ltd., Series 2018-1, Class A, (3-month USD CME Term SOFR + 1.362%) 5.251% <br> 5/20/2031 <sup>(c)(d)(f)</sup> <br>| 86 | 86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sound Point CLO, Ltd., Series 2013-3R, Class A, (3-month USD CME Term SOFR + 1.412%) 5.296% <br> 4/18/2031 <sup>(c)(d)(f)</sup> <br>| 108 | 109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sound Point CLO, Ltd., Series 2013-3R, Class C, (3-month USD CME Term SOFR + 2.512%) 6.396% <br> 4/18/2031 <sup>(c)(d)(f)</sup> <br>| 1200 | 1203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sound Point CLO, Ltd., Series 2014-1R, Class A, (3-month USD CME Term SOFR + 1.412%) 5.296% <br> 7/18/2031 <sup>(c)(d)(f)</sup> <br>| 2419 | 2425 |

---

Short-Term Bond Fund of America — Page 12 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Collateralized loan obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Steele Creek CLO, Ltd., Series 2019-1A, Class ARR, (3-month USD CME Term SOFR + 1.04%) 4.945% <br> 4/15/2032 <sup>(c)(d)(f)</sup> <br>| USD15,521 | $15506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Steele Creek CLO, Ltd., Series 2019-2A, Class ARR, (3-month USD CME Term SOFR + 1.00%) 4.905% <br> 7/15/2032 <sup>(c)(d)(f)</sup> <br>| 16012 | 15979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stratus Static CLO, Ltd., Series 2025-1A, Class A2, (3-month USD CME Term SOFR + 1.33%) 5.235% <br> 7/15/2033 <sup>(c)(d)(f)</sup> <br>| 5250 | 5251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TCW CLO, Ltd., Series 2019-1A, Class AJR, (3-month USD CME Term SOFR + 1.609%) 5.461% <br> 8/16/2034 <sup>(c)(d)(f)</sup> <br>| 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thompson Park CLO, Ltd., Series 2021-1A, Class A1R, (3-month USD CME Term SOFR + 1.05%) <br> 4.955% 4/15/2034 <sup>(c)(d)(f)</sup> <br>| 23898 | 23909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TICP CLO, Ltd., Series 2018-12, Class AR, (3-month USD CME Term SOFR + 1.432%) 5.336% <br> 7/15/2034 <sup>(c)(d)(f)</sup> <br>| 2000 | 2000 |
| Tralee CLO, Ltd., Series 18-5A, Class C1RR, 5.623% 10/20/2034 <sup>(c)(d)(f)</sup> <br>| 3150 | 3153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO, Ltd., Series 2018-9A, Class ARRR, (3-month USD CME Term SOFR + 1.20%) 5.084% <br> 1/20/2032 <sup>(c)(d)(f)</sup> <br>| 873 | 873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO, Ltd., Series 2020-12A, Class A1R2, (3-month USD CME Term SOFR + 1.05%) 4.908% <br> 4/25/2033 <sup>(c)(d)(f)</sup> <br>| 20559 | 20586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valley Stream Park CLO, Ltd., Series 2022-1A, Class ARR, (3-month USD CME Term SOFR + 1.19%) <br> 5.074% 1/20/2037 <sup>(c)(d)(f)</sup> <br>| 8000 | 8001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venture CDO, Ltd., CLO, Series 2017-29, Class AR, (3-month USD CME Term SOFR + 1.252%) <br> 5.103% 9/7/2030 <sup>(c)(d)(f)</sup> <br>| 118 | 118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venture CDO, Ltd., CLO, Series 2018-32, Class A2A, (3-month USD CME Term SOFR + 1.332%) <br> 5.216% 7/18/2031 <sup>(c)(d)(f)</sup> <br>| 732 | 733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venture CDO, Ltd., CLO, Series 2019-36A, Class A1AR, (3-month USD CME Term SOFR + 1.13%) <br> 5.276% 4/20/2032 <sup>(c)(d)(f)</sup> <br>| 3206 | 3208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vibrant CLO, Ltd., Series 2018-9RA, Class B, (3-month USD CME Term SOFR + 1.60%) 5.484% <br> 4/20/2037 <sup>(c)(d)(f)</sup> <br>| 3857 | 3836 |
|  |  | 319238 |
| **Credit card 1.73%** |  |  |
| Avant Credit Card Master Trust, Series 2024-2A, Class A, 5.38% 5/15/2029 <sup>(c)(d)</sup> <br>| 39223 | 39303 |
| Bank of America Credit Card Trust, Series 2024-A1, Class A, 4.93% 5/15/2029 <sup>(c)</sup> <br>| 9889 | 10050 |
| Barclays Dryrock Issuance Trust, Series 2025-1, Class A, 3.97% 7/15/2031 <sup>(c)</sup> <br>| 35783 | 35913 |
| Brex Commercial Charge Card Master Trust, Series 2024-1, Class A1, 6.05% 7/15/2027 <sup>(c)(d)</sup> <br>| 7535 | 7566 |
| Chase Issuance Trust, Series 2024-A1, Class A, 4.60% 1/15/2029 <sup>(c)</sup> <br>| 15114 | 15248 |
| Citibank Credit Card Issuance Trust, Series 2023-A1, Class A1, 5.23% 12/8/2027 <sup>(c)</sup> <br>| 7630 | 7632 |
| Evergreen Credit Card Trust, Series 2025-CRT5, Class B, 5.24% 5/15/2029 <sup>(c)(d)</sup> <br>| 2542 | 2574 |
| First National Master Note Trust, Series 2023-1, Class A, 5.13% 4/15/2029 <sup>(c)</sup> <br>| 4144 | 4160 |
| First National Master Note Trust, Series 2023-2, Class A, 5.77% 9/15/2029 <sup>(c)</sup> <br>| 10347 | 10485 |
| First National Master Note Trust, Series 2024-1, Class A, 5.34% 5/15/2030 <sup>(c)</sup> <br>| 4219 | 4306 |
| Imprint Payments Credit Card Master Trust, Series 2025-A, Class A, 4.84% 9/15/2029 <sup>(c)(d)</sup> <br>| 8501 | 8525 |
| Imprint Payments Credit Card Master Trust, Series 2025-A, Class B, 5.24% 9/15/2029 <sup>(c)(d)</sup> <br>| 921 | 924 |
| Imprint Payments Credit Card Master Trust, Series 2025-A, Class C, 5.48% 9/15/2029 <sup>(c)(d)</sup> <br>| 714 | 716 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class A1, 6.20% 8/15/2029 <sup>(c)(d)</sup> <br>| 16670 | 16790 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class A, 4.78% 12/16/2030 <sup>(c)(d)</sup> <br>| 5559 | 5587 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class A, 5.06% 9/15/2031 <sup>(c)(d)</sup> <br>| 17757 | 17907 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class B, 5.21% 9/15/2031 <sup>(c)(d)</sup> <br>| 1659 | 1667 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class C, 5.41% 9/15/2031 <sup>(c)(d)</sup> <br>| 405 | 407 |
| World Financial Network Credit Card Master Trust, Series 2023-A, Class A, 5.02% 3/15/2030 <sup>(c)</sup> <br>| 6159 | 6185 |
| World Financial Network Credit Card Master Trust, Series 2024-A, Class A, 5.47% 2/15/2031 <sup>(c)</sup> <br>| 5394 | 5503 |
| World Financial Network Credit Card Master Trust, Series 2024-B, Class A, 4.62% 5/15/2031 <sup>(c)</sup> <br>| 15181 | 15340 |
|  |  | 216788 |

---

Short-Term Bond Fund of America — Page 13 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Student loan 0.48%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| First National Master Note Trust, Series 2025-1, Class A, 4.85% 2/15/2030 <sup>(c)</sup> <br>| USD9,391 | $9593 |
| Navient Education Loan Trust, Series 2025-A, Class A, 5.02% 7/15/2055 <sup>(c)(d)</sup> <br>| 5151 | 5201 |
| Navient Student Loan Trust, Series 2021-A, Class A, 0.84% 5/15/2069 <sup>(c)(d)</sup> <br>| 2054 | 1888 |
| Navient Student Loan Trust, Series 2021-CA, Class A, 1.06% 10/15/2069 <sup>(c)(d)</sup> <br>| 3688 | 3385 |
| Nelnet Student Loan Trust, Series 2025-AA, Class A1A, 5.07% 3/15/2057 <sup>(c)(d)</sup> <br>| 7125 | 7258 |
| Nelnet Student Loan Trust, Series 2021-CA, Class AFX, 1.32% 4/20/2062 <sup>(c)(d)</sup> <br>| 7799 | 7316 |
| Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 4/20/2062 <sup>(c)(d)</sup> <br>| 6079 | 5743 |
| Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 4/20/2062 <sup>(c)(d)</sup> <br>| 12183 | 11525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SMB Private Education Loan Trust, Series 2023-C, Class A1B, (30-day Average USD-SOFR + 1.55%) <br> 5.692% 11/15/2052 <sup>(c)(d)(f)</sup> <br>| 841 | 848 |
| SMB Private Education Loan Trust, Series 2021-A, Class APT2, 1.07% 1/15/2053 <sup>(c)(d)</sup> <br>| 1185 | 1087 |
| SMB Private Education Loan Trust, Series 2025-A, Class A1A, 5.13% 4/15/2054 <sup>(c)(d)</sup> <br>| 5994 | 6108 |
|  |  | 59952 |
| **Student loans 0.11%** |  |  |
| Navient Student Loan Trust, Series 2020-DA, Class A, 1.69% 5/15/2069 <sup>(c)(d)</sup> <br>| 634 | 605 |
| Navient Student Loan Trust, Series 2021-B, Class A, 0.94% 7/15/2069 <sup>(c)(d)</sup> <br>| 907 | 832 |
| Navient Student Loan Trust, Series 2021-EA, Class A, 0.97% 12/16/2069 <sup>(c)(d)</sup> <br>| 1718 | 1546 |
| Navient Student Loan Trust, Series 2021-FA, Class A, 1.11% 2/18/2070 <sup>(c)(d)</sup> <br>| 3451 | 3085 |
| Navient Student Loan Trust, Series 2021-G, Class A, 1.58% 4/15/2070 <sup>(c)(d)</sup> <br>| 7596 | 6918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prodigy Finance DAC, Series 2021-1A, Class A, (1-month USD CME Term SOFR + 1.364%) 5.319% <br> 7/25/2051 <sup>(c)(d)(f)</sup> <br>| 357 | 357 |
|  |  | 13343 |
| **Total asset-backed obligations** |  | 3242299 |
| **Mortgage-backed obligations 20.83%**<br> **Federal agency mortgage-backed obligations 8.36%**<br>|  |  |
| Fannie Mae Pool #555538 6.431% 5/1/2033 <sup>(c)(f)</sup>  | 94 | 96 |
| Fannie Mae Pool #888521 6.355% 3/1/2034 <sup>(c)(f)</sup>  | 201 | 206 |
| Fannie Mae Pool #889579 6.00% 5/1/2038 <sup>(c)</sup>  | 715 | 756 |
| Fannie Mae Pool #AL0095 6.00% 7/1/2038 <sup>(c)</sup>  | 25 | 27 |
| Fannie Mae Pool #889983 6.00% 10/1/2038 <sup>(c)</sup>  | 292 | 308 |
| Fannie Mae Pool #DB4044 6.00% 5/1/2039 <sup>(c)</sup>  | 1870 | 1945 |
| Fannie Mae Pool #MA5477 6.00% 9/1/2039 <sup>(c)</sup>  | 4480 | 4642 |
| Fannie Mae Pool #DC3297 6.00% 9/1/2039 <sup>(c)</sup>  | 612 | 636 |
| Fannie Mae Pool #DC3296 6.00% 9/1/2039 <sup>(c)</sup>  | 84 | 87 |
| Fannie Mae Pool #DC1020 6.00% 9/1/2039 <sup>(c)</sup>  | 32 | 33 |
| Fannie Mae Pool #DC9263 6.00% 12/1/2039 <sup>(c)</sup>  | 562 | 584 |
| Fannie Mae Pool #FA0743 6.00% 3/1/2040 <sup>(c)</sup>  | 9983 | 10343 |
| Fannie Mae Pool #MA5662 6.00% 3/1/2040 <sup>(c)</sup>  | 8966 | 9289 |
| Fannie Mae Pool #MA5685 6.00% 4/1/2040 <sup>(c)</sup>  | 1585 | 1642 |
| Fannie Mae Pool #MA5747 6.00% 6/1/2040 <sup>(c)</sup>  | 887 | 919 |
| Fannie Mae Pool #AI8806 5.00% 8/1/2041 <sup>(c)</sup>  | 443 | 456 |
| Fannie Mae Pool #AB9584 3.50% 6/1/2043 <sup>(c)</sup>  | 3 | 3 |
| Fannie Mae Pool #BK2010 4.00% 4/1/2048 <sup>(c)</sup>  | 10 | 10 |
| Fannie Mae Pool #BK5305 4.00% 6/1/2048 <sup>(c)</sup>  | 6 | 6 |
| Fannie Mae Pool #BU8818 3.50% 5/1/2052 <sup>(c)</sup>  | 1 | 1 |
| Fannie Mae Pool #BX1762 5.50% 11/1/2052 <sup>(c)</sup>  | 32 | 32 |
| Fannie Mae Pool #MA4842 5.50% 12/1/2052 <sup>(c)</sup>  | 2777 | 2830 |
| Fannie Mae Pool #MA4894 6.00% 1/1/2053 <sup>(c)</sup>  | 1102 | 1131 |
| Fannie Mae Pool #BX5666 6.00% 1/1/2053 <sup>(c)</sup>  | 66 | 68 |
| Fannie Mae Pool #MA4919 5.50% 2/1/2053 <sup>(c)</sup>  | 476 | 483 |
| Fannie Mae Pool #FS4191 5.50% 3/1/2053 <sup>(c)</sup>  | 1056 | 1078 |

---

Short-Term Bond Fund of America — Page 14 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Fannie Mae Pool #MA4942 6.00% 3/1/2053 <sup>(c)</sup>  | USD314 | $323 |
| Fannie Mae Pool #MA4979 5.50% 4/1/2053 <sup>(c)</sup>  | 3303 | 3361 |
| Fannie Mae Pool #MA4980 6.00% 4/1/2053 <sup>(c)</sup>  | 44 | 46 |
| Fannie Mae Pool #FS4563 5.00% 5/1/2053 <sup>(c)</sup>  | 1198 | 1205 |
| Fannie Mae Pool #FS4840 5.50% 5/1/2053 <sup>(c)</sup>  | 241 | 245 |
| Fannie Mae Pool #MA5010 5.50% 5/1/2053 <sup>(c)</sup>  | 79 | 80 |
| Fannie Mae Pool #FS5192 5.50% 6/1/2053 <sup>(c)</sup>  | 1241 | 1259 |
| Fannie Mae Pool #MA5039 5.50% 6/1/2053 <sup>(c)</sup>  | 819 | 832 |
| Fannie Mae Pool #CB6491 6.50% 6/1/2053 <sup>(c)</sup>  | 4775 | 4991 |
| Fannie Mae Pool #CB6490 6.50% 6/1/2053 <sup>(c)</sup>  | 1733 | 1802 |
| Fannie Mae Pool #CB6468 6.50% 6/1/2053 <sup>(c)</sup>  | 1326 | 1385 |
| Fannie Mae Pool #MA5072 5.50% 7/1/2053 <sup>(c)</sup>  | 486 | 494 |
| Fannie Mae Pool #MA5073 6.00% 7/1/2053 <sup>(c)</sup>  | 713 | 732 |
| Fannie Mae Pool #CB6768 6.50% 7/1/2053 <sup>(c)</sup>  | 1951 | 2036 |
| Fannie Mae Pool #MA5139 6.00% 9/1/2053 <sup>(c)</sup>  | 1377 | 1414 |
| Fannie Mae Pool #MA5165 5.50% 10/1/2053 <sup>(c)</sup>  | 5 | 5 |
| Fannie Mae Pool #MA5166 6.00% 10/1/2053 <sup>(c)</sup>  | 15851 | 16274 |
| Fannie Mae Pool #FS6838 5.50% 11/1/2053 <sup>(c)</sup>  | 1379 | 1402 |
| Fannie Mae Pool #MA5191 6.00% 11/1/2053 <sup>(c)</sup>  | 19391 | 19915 |
| Fannie Mae Pool #CB7426 6.50% 11/1/2053 <sup>(c)</sup>  | 14735 | 15340 |
| Fannie Mae Pool #MA5192 6.50% 11/1/2053 <sup>(c)</sup>  | 59 | 61 |
| Fannie Mae Pool #CB7626 6.50% 12/1/2053 <sup>(c)</sup>  | 5585 | 5860 |
| Fannie Mae Pool #DA4639 6.50% 12/1/2053 <sup>(c)</sup>  | 8 | 8 |
| Fannie Mae Pool #FS6873 6.50% 1/1/2054 <sup>(c)</sup>  | 18315 | 19012 |
| Fannie Mae Pool #FS6767 6.50% 1/1/2054 <sup>(c)</sup>  | 7432 | 7780 |
| Fannie Mae Pool #MA5271 5.50% 2/1/2054 <sup>(c)</sup>  | 295 | 299 |
| Fannie Mae Pool #FS6809 5.50% 2/1/2054 <sup>(c)</sup>  | 142 | 144 |
| Fannie Mae Pool #CB7932 6.00% 2/1/2054 <sup>(c)</sup>  | 19630 | 20185 |
| Fannie Mae Pool #FS7031 6.00% 2/1/2054 <sup>(c)</sup>  | 1639 | 1694 |
| Fannie Mae Pool #FS7503 6.00% 2/1/2054 <sup>(c)</sup>  | 1266 | 1298 |
| Fannie Mae Pool #CB7933 6.50% 2/1/2054 <sup>(c)</sup>  | 4284 | 4443 |
| Fannie Mae Pool #CB8151 5.50% 3/1/2054 <sup>(c)</sup>  | 2808 | 2852 |
| Fannie Mae Pool #MA5296 5.50% 3/1/2054 <sup>(c)</sup>  | 157 | 159 |
| Fannie Mae Pool #FS7507 6.00% 3/1/2054 <sup>(c)</sup>  | 11737 | 12132 |
| Fannie Mae Pool #CB8163 6.00% 3/1/2054 <sup>(c)</sup>  | 11199 | 11534 |
| Fannie Mae Pool #MA5295 6.00% 3/1/2054 <sup>(c)</sup>  | 190 | 195 |
| Fannie Mae Pool #CB8168 6.00% 3/1/2054 <sup>(c)</sup>  | 103 | 106 |
| Fannie Mae Pool #CB8337 5.50% 4/1/2054 <sup>(c)</sup>  | 3201 | 3252 |
| Fannie Mae Pool #DB2495 6.00% 5/1/2054 <sup>(c)</sup>  | 1099 | 1128 |
| Fannie Mae Pool #MA5388 5.50% 6/1/2054 <sup>(c)</sup>  | 3684 | 3737 |
| Fannie Mae Pool #FS8153 6.00% 6/1/2054 <sup>(c)</sup>  | 3415 | 3541 |
| Fannie Mae Pool #DB6878 6.00% 6/1/2054 <sup>(c)</sup>  | 1701 | 1743 |
| Fannie Mae Pool #FS8223 6.00% 6/1/2054 <sup>(c)</sup>  | 414 | 425 |
| Fannie Mae Pool #FS8219 6.00% 6/1/2054 <sup>(c)</sup>  | 360 | 372 |
| Fannie Mae Pool #CB8725 6.50% 6/1/2054 <sup>(c)</sup>  | 6254 | 6490 |
| Fannie Mae Pool #FP0128 6.50% 6/1/2054 <sup>(c)</sup>  | 3996 | 4143 |
| Fannie Mae Pool #DB8675 5.00% 7/1/2054 <sup>(c)</sup>  | 1758 | 1762 |
| Fannie Mae Pool #CB8842 5.50% 7/1/2054 <sup>(c)</sup>  | 2073 | 2111 |
| Fannie Mae Pool #DB5213 5.50% 7/1/2054 <sup>(c)</sup>  | 1488 | 1510 |
| Fannie Mae Pool #BU4699 5.50% 7/1/2054 <sup>(c)</sup>  | 1185 | 1206 |
| Fannie Mae Pool #MA5421 6.00% 7/1/2054 <sup>(c)</sup>  | 6575 | 6732 |
| Fannie Mae Pool #DB5214 6.00% 7/1/2054 <sup>(c)</sup>  | 2568 | 2631 |
| Fannie Mae Pool #BU4700 6.00% 7/1/2054 <sup>(c)</sup>  | 1843 | 1897 |
| Fannie Mae Pool #DB6901 6.00% 7/1/2054 <sup>(c)</sup>  | 1057 | 1083 |

---

Short-Term Bond Fund of America — Page 15 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Fannie Mae Pool #FS8318 6.00% 7/1/2054 <sup>(c)</sup>  | USD764 | $793 |
| Fannie Mae Pool #DB7039 6.00% 7/1/2054 <sup>(c)</sup>  | 309 | 319 |
| Fannie Mae Pool #CB8872 6.50% 7/1/2054 <sup>(c)</sup>  | 9351 | 9738 |
| Fannie Mae Pool #FS8790 6.50% 7/1/2054 <sup>(c)</sup>  | 8975 | 9302 |
| Fannie Mae Pool #CB8876 6.50% 7/1/2054 <sup>(c)</sup>  | 2656 | 2765 |
| Fannie Mae Pool #FS8317 6.50% 7/1/2054 <sup>(c)</sup>  | 1516 | 1591 |
| Fannie Mae Pool #FS8786 6.50% 7/1/2054 <sup>(c)</sup>  | 64 | 67 |
| Fannie Mae Pool #CB8977 5.00% 8/1/2054 <sup>(c)</sup>  | 351 | 351 |
| Fannie Mae Pool #MA5445 6.00% 8/1/2054 <sup>(c)</sup>  | 7015 | 7187 |
| Fannie Mae Pool #FS8757 6.00% 8/1/2054 <sup>(c)</sup>  | 1199 | 1242 |
| Fannie Mae Pool #FS8758 6.00% 8/1/2054 <sup>(c)</sup>  | 590 | 606 |
| Fannie Mae Pool #BU4916 6.00% 8/1/2054 <sup>(c)</sup>  | 568 | 584 |
| Fannie Mae Pool #FS8756 6.00% 8/1/2054 <sup>(c)</sup>  | 492 | 507 |
| Fannie Mae Pool #BU4968 6.00% 8/1/2054 <sup>(c)</sup>  | 379 | 389 |
| Fannie Mae Pool #FS8795 6.00% 8/1/2054 <sup>(c)</sup>  | 155 | 159 |
| Fannie Mae Pool #DB7687 6.00% 8/1/2054 <sup>(c)</sup>  | 146 | 151 |
| Fannie Mae Pool #DB7690 6.00% 8/1/2054 <sup>(c)</sup>  | 130 | 135 |
| Fannie Mae Pool #DC0296 6.00% 8/1/2054 <sup>(c)</sup>  | 122 | 126 |
| Fannie Mae Pool #CB9071 6.50% 8/1/2054 <sup>(c)</sup>  | 5939 | 6196 |
| Fannie Mae Pool #FS8783 6.50% 8/1/2054 <sup>(c)</sup>  | 1656 | 1737 |
| Fannie Mae Pool #MA5446 6.50% 8/1/2054 <sup>(c)</sup>  | 1021 | 1058 |
| Fannie Mae Pool #FS9025 5.50% 9/1/2054 <sup>(c)</sup>  | 7995 | 8169 |
| Fannie Mae Pool #CB9210 5.50% 9/1/2054 <sup>(c)</sup>  | 1770 | 1797 |
| Fannie Mae Pool #CB9146 5.50% 9/1/2054 <sup>(c)</sup>  | 1000 | 1018 |
| Fannie Mae Pool #BU4946 5.50% 9/1/2054 <sup>(c)</sup>  | 976 | 990 |
| Fannie Mae Pool #FS8866 6.00% 9/1/2054 <sup>(c)</sup>  | 1201 | 1238 |
| Fannie Mae Pool #DC1873 6.00% 9/1/2054 <sup>(c)</sup>  | 196 | 202 |
| Fannie Mae Pool #DC3262 6.00% 9/1/2054 <sup>(c)</sup>  | 60 | 61 |
| Fannie Mae Pool #DC3459 6.00% 9/1/2054 <sup>(c)</sup>  | 31 | 31 |
| Fannie Mae Pool #MA5472 6.50% 9/1/2054 <sup>(c)</sup>  | 3090 | 3203 |
| Fannie Mae Pool #DC2697 5.00% 10/1/2054 <sup>(c)</sup>  | 1377 | 1380 |
| Fannie Mae Pool #DC4451 5.50% 10/1/2054 <sup>(c)</sup>  | 901 | 917 |
| Fannie Mae Pool #BU5049 6.50% 10/1/2054 <sup>(c)</sup>  | 1431 | 1498 |
| Fannie Mae Pool #CB9472 5.00% 11/1/2054 <sup>(c)</sup>  | 489 | 490 |
| Fannie Mae Pool #DC4585 5.50% 11/1/2054 <sup>(c)</sup>  | 2415 | 2450 |
| Fannie Mae Pool #BU5165 5.50% 11/1/2054 <sup>(c)</sup>  | 60 | 61 |
| Fannie Mae Pool #CB9432 6.00% 11/1/2054 <sup>(c)</sup>  | 17381 | 17904 |
| Fannie Mae Pool #DC5696 6.00% 11/1/2054 <sup>(c)</sup>  | 7142 | 7328 |
| Fannie Mae Pool #DC8341 5.00% 12/1/2054 <sup>(c)</sup>  | 1356 | 1360 |
| Fannie Mae Pool #MA5553 5.50% 12/1/2054 <sup>(c)</sup>  | 8431 | 8545 |
| Fannie Mae Pool #CB9616 5.50% 12/1/2054 <sup>(c)</sup>  | 6713 | 6823 |
| Fannie Mae Pool #FA0287 6.00% 12/1/2054 <sup>(c)</sup>  | 24319 | 24931 |
| Fannie Mae Pool #DC7035 6.00% 12/1/2054 <sup>(c)</sup>  | 2422 | 2481 |
| Fannie Mae Pool #DC7823 6.00% 12/1/2054 <sup>(c)</sup>  | 43 | 44 |
| Fannie Mae Pool #DC9775 5.00% 1/1/2055 <sup>(c)</sup>  | 184 | 184 |
| Fannie Mae Pool #MA5587 6.00% 1/1/2055 <sup>(c)</sup>  | 3778 | 3871 |
| Fannie Mae Pool #DD0835 6.00% 1/1/2055 <sup>(c)</sup>  | 2246 | 2301 |
| Fannie Mae Pool #DD0990 5.00% 2/1/2055 <sup>(c)</sup>  | 1095 | 1095 |
| Fannie Mae Pool #FA0608 5.50% 2/1/2055 <sup>(c)</sup>  | 900 | 912 |
| Fannie Mae Pool #MA5615 6.00% 2/1/2055 <sup>(c)</sup>  | 14481 | 14836 |
| Fannie Mae Pool #MA5647 6.00% 3/1/2055 <sup>(c)</sup>  | 856 | 877 |
| Fannie Mae Pool #FA2843 6.50% 3/1/2055 <sup>(c)</sup>  | 7801 | 8091 |
| Fannie Mae Pool #MA5649 7.00% 3/1/2055 <sup>(c)</sup>  | 1495 | 1569 |
| Fannie Mae Pool #DD8552 5.00% 4/1/2055 <sup>(c)</sup>  | 1268 | 1277 |

---

Short-Term Bond Fund of America — Page 16 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Fannie Mae Pool #MA5674 6.00% 4/1/2055 <sup>(c)</sup>  | USD3,959 | $4056 |
| Fannie Mae Pool #FA1162 6.00% 4/1/2055 <sup>(c)</sup>  | 46 | 48 |
| Fannie Mae Pool #DD4459 6.00% 4/1/2055 <sup>(c)</sup>  | 45 | 46 |
| Fannie Mae Pool #MA5701 6.00% 5/1/2055 <sup>(c)</sup>  | 7513 | 7697 |
| Fannie Mae Pool #MA5736 6.00% 6/1/2055 <sup>(c)</sup>  | 115 | 118 |
| Fannie Mae Pool #MA5761 6.00% 7/1/2055 <sup>(c)</sup>  | 7320 | 7499 |
| Fannie Mae Pool #DD9889 6.00% 7/1/2055 <sup>(c)</sup>  | 77 | 79 |
| Fannie Mae Pool #FA2842 6.50% 7/1/2055 <sup>(c)</sup>  | 8091 | 8394 |
| Fannie Mae Pool #MA5792 5.50% 8/1/2055 <sup>(c)</sup>  | 3433 | 3478 |
| Fannie Mae Pool #CC0879 6.00% 8/1/2055 <sup>(c)</sup>  | 295 | 306 |
| Fannie Mae Pool #BM6736 4.50% 11/1/2059 <sup>(c)</sup>  | 4194 | 4149 |
| Fannie Mae, Series 2017-M7, Class A2, Multi Family, 2.961% 2/25/2027 <sup>(c)(f)</sup>  | 8 | 8 |
| Freddie Mac Pool #781228 6.50% 2/1/2034 <sup>(c)(f)</sup>  | 158 | 162 |
| Freddie Mac Pool #A23893 5.50% 7/1/2034 <sup>(c)</sup>  | 89 | 93 |
| Freddie Mac Pool #782818 6.13% 11/1/2034 <sup>(c)(f)</sup>  | 108 | 111 |
| Freddie Mac Pool #1H2524 6.437% 8/1/2035 <sup>(c)(f)</sup>  | 272 | 282 |
| Freddie Mac Pool #1L1292 6.554% 1/1/2036 <sup>(c)(f)</sup>  | 268 | 276 |
| Freddie Mac Pool #G02162 5.50% 5/1/2036 <sup>(c)</sup>  | 64 | 67 |
| Freddie Mac Pool #848751 6.378% 6/1/2036 <sup>(c)(f)</sup>  | 52 | 54 |
| Freddie Mac Pool #848365 6.301% 7/1/2036 <sup>(c)(f)</sup>  | 229 | 236 |
| Freddie Mac Pool #QO1940 6.00% 3/1/2039 <sup>(c)</sup>  | 559 | 580 |
| Freddie Mac Pool #QO2528 6.00% 9/1/2039 <sup>(c)</sup>  | 177 | 184 |
| Freddie Mac Pool #SB8373 6.00% 3/1/2040 <sup>(c)</sup>  | 611 | 633 |
| Freddie Mac Pool #SB1452 6.00% 4/1/2040 <sup>(c)</sup>  | 6516 | 6751 |
| Freddie Mac Pool #SB8380 6.00% 4/1/2040 <sup>(c)</sup>  | 153 | 158 |
| Freddie Mac Pool #SB8386 6.00% 5/1/2040 <sup>(c)</sup>  | 4876 | 5052 |
| Freddie Mac Pool #RR0004 6.00% 6/1/2040 <sup>(c)</sup>  | 1605 | 1663 |
| Freddie Mac Pool #760014 4.64% 8/1/2045 <sup>(c)(f)</sup>  | 344 | 345 |
| Freddie Mac Pool #SI2002 4.00% 3/1/2048 <sup>(c)</sup>  | 56 | 54 |
| Freddie Mac Pool #Z40273 4.50% 10/1/2048 <sup>(c)</sup>  | 133 | 133 |
| Freddie Mac Pool #SD8175 3.50% 10/1/2051 <sup>(c)</sup>  | 12 | 11 |
| Freddie Mac Pool #QF0924 5.50% 9/1/2052 <sup>(c)</sup>  | 23 | 23 |
| Freddie Mac Pool #SD2465 4.50% 10/1/2052 <sup>(c)</sup>  | 122 | 120 |
| Freddie Mac Pool #QF1573 5.50% 10/1/2052 <sup>(c)</sup>  | 23 | 23 |
| Freddie Mac Pool #SD2948 5.50% 11/1/2052 <sup>(c)</sup>  | 297 | 302 |
| Freddie Mac Pool #SD8288 5.00% 1/1/2053 <sup>(c)</sup>  | 856 | 859 |
| Freddie Mac Pool #SD8290 6.00% 1/1/2053 <sup>(c)</sup>  | 7304 | 7515 |
| Freddie Mac Pool #QF8331 5.50% 2/1/2053 <sup>(c)</sup>  | 23 | 23 |
| Freddie Mac Pool #SD8301 6.00% 2/1/2053 <sup>(c)</sup>  | 3602 | 3706 |
| Freddie Mac Pool #SD8315 5.00% 4/1/2053 <sup>(c)</sup>  | 2415 | 2423 |
| Freddie Mac Pool #SD2716 5.00% 4/1/2053 <sup>(c)</sup>  | 1827 | 1839 |
| Freddie Mac Pool #SD8324 5.50% 5/1/2053 <sup>(c)</sup>  | 1170 | 1190 |
| Freddie Mac Pool #SD2861 6.00% 5/1/2053 <sup>(c)</sup>  | 3807 | 3919 |
| Freddie Mac Pool #SD8325 6.00% 5/1/2053 <sup>(c)</sup>  | 2561 | 2631 |
| Freddie Mac Pool #QG3376 6.00% 5/1/2053 <sup>(c)</sup>  | 200 | 206 |
| Freddie Mac Pool #SD8329 5.00% 6/1/2053 <sup>(c)</sup>  | 615 | 616 |
| Freddie Mac Pool #SD8331 5.50% 6/1/2053 <sup>(c)</sup>  | 1355 | 1378 |
| Freddie Mac Pool #RA9279 6.00% 6/1/2053 <sup>(c)</sup>  | 2635 | 2732 |
| Freddie Mac Pool #SD3240 6.00% 6/1/2053 <sup>(c)</sup>  | 343 | 353 |
| Freddie Mac Pool #RA9294 6.50% 6/1/2053 <sup>(c)</sup>  | 2282 | 2382 |
| Freddie Mac Pool #RA9292 6.50% 6/1/2053 <sup>(c)</sup>  | 2014 | 2102 |
| Freddie Mac Pool #RA9288 6.50% 6/1/2053 <sup>(c)</sup>  | 1873 | 1976 |
| Freddie Mac Pool #RA9289 6.50% 6/1/2053 <sup>(c)</sup>  | 1873 | 1974 |
| Freddie Mac Pool #RA9287 6.50% 6/1/2053 <sup>(c)</sup>  | 1305 | 1379 |

---

Short-Term Bond Fund of America — Page 17 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Freddie Mac Pool #RA9290 6.50% 6/1/2053 <sup>(c)</sup>  | USD1,027 | $1081 |
| Freddie Mac Pool #RA9291 6.50% 6/1/2053 <sup>(c)</sup>  | 622 | 646 |
| Freddie Mac Pool #RA9295 6.50% 6/1/2053 <sup>(c)</sup>  | 580 | 618 |
| Freddie Mac Pool #QG5777 6.50% 6/1/2053 <sup>(c)</sup>  | 119 | 124 |
| Freddie Mac Pool #SD8341 5.00% 7/1/2053 <sup>(c)</sup>  | 57 | 57 |
| Freddie Mac Pool #SD8342 5.50% 7/1/2053 <sup>(c)</sup>  | 2215 | 2251 |
| Freddie Mac Pool #SD3356 6.00% 7/1/2053 <sup>(c)</sup>  | 1846 | 1897 |
| Freddie Mac Pool #SD3432 6.00% 7/1/2053 <sup>(c)</sup>  | 314 | 326 |
| Freddie Mac Pool #SD3512 6.00% 8/1/2053 <sup>(c)</sup>  | 153 | 158 |
| Freddie Mac Pool #SD8362 5.50% 9/1/2053 <sup>(c)</sup>  | 373 | 379 |
| Freddie Mac Pool #SD8363 6.00% 9/1/2053 <sup>(c)</sup>  | 2948 | 3028 |
| Freddie Mac Pool #SD3825 6.50% 9/1/2053 <sup>(c)</sup>  | 21616 | 22404 |
| Freddie Mac Pool #SD4053 6.00% 10/1/2053 <sup>(c)</sup>  | 26256 | 26947 |
| Freddie Mac Pool #SD8368 6.00% 10/1/2053 <sup>(c)</sup>  | 9805 | 10067 |
| Freddie Mac Pool #RJ0326 6.50% 11/1/2053 <sup>(c)</sup>  | 2491 | 2591 |
| Freddie Mac Pool #SD8374 6.50% 11/1/2053 <sup>(c)</sup>  | 75 | 78 |
| Freddie Mac Pool #SD4693 6.50% 1/1/2054 <sup>(c)</sup>  | 1797 | 1869 |
| Freddie Mac Pool #SD8401 5.50% 2/1/2054 <sup>(c)</sup>  | 37 | 37 |
| Freddie Mac Pool #SD8402 6.00% 2/1/2054 <sup>(c)</sup>  | 5636 | 5779 |
| Freddie Mac Pool #QI2014 5.00% 3/1/2054 <sup>(c)</sup>  | 934 | 937 |
| Freddie Mac Pool #SD8408 5.50% 3/1/2054 <sup>(c)</sup>  | 3361 | 3410 |
| Freddie Mac Pool #RJ1216 5.50% 4/1/2054 <sup>(c)</sup>  | 933 | 952 |
| Freddie Mac Pool #RJ1215 5.50% 4/1/2054 <sup>(c)</sup>  | 669 | 679 |
| Freddie Mac Pool #SD5303 6.00% 4/1/2054 <sup>(c)</sup>  | 1588 | 1639 |
| Freddie Mac Pool #QI3333 6.00% 4/1/2054 <sup>(c)</sup>  | 168 | 174 |
| Freddie Mac Pool #SD8432 6.00% 5/1/2054 <sup>(c)</sup>  | 1046 | 1071 |
| Freddie Mac Pool #SD5692 6.00% 5/1/2054 <sup>(c)</sup>  | 240 | 249 |
| Freddie Mac Pool #SD5872 5.00% 6/1/2054 <sup>(c)</sup>  | 1642 | 1644 |
| Freddie Mac Pool #RJ1768 5.50% 6/1/2054 <sup>(c)</sup>  | 417 | 426 |
| Freddie Mac Pool #RJ1785 6.00% 6/1/2054 <sup>(c)</sup>  | 103 | 107 |
| Freddie Mac Pool #SD8439 6.00% 6/1/2054 <sup>(c)</sup>  | 64 | 66 |
| Freddie Mac Pool #SD8446 5.50% 7/1/2054 <sup>(c)</sup>  | 3368 | 3413 |
| Freddie Mac Pool #QI8872 5.50% 7/1/2054 <sup>(c)</sup>  | 587 | 598 |
| Freddie Mac Pool #RJ1963 5.50% 7/1/2054 <sup>(c)</sup>  | 550 | 560 |
| Freddie Mac Pool #SD8447 6.00% 7/1/2054 <sup>(c)</sup>  | 5362 | 5493 |
| Freddie Mac Pool #RJ1964 6.00% 7/1/2054 <sup>(c)</sup>  | 2356 | 2453 |
| Freddie Mac Pool #SD5813 6.00% 7/1/2054 <sup>(c)</sup>  | 1232 | 1273 |
| Freddie Mac Pool #QI8874 6.00% 7/1/2054 <sup>(c)</sup>  | 766 | 788 |
| Freddie Mac Pool #SD5873 6.00% 7/1/2054 <sup>(c)</sup>  | 542 | 557 |
| Freddie Mac Pool #SD5896 6.00% 7/1/2054 <sup>(c)</sup>  | 309 | 317 |
| Freddie Mac Pool #QI9151 6.50% 7/1/2054 <sup>(c)</sup>  | 1380 | 1446 |
| Freddie Mac Pool #RJ1986 6.50% 7/1/2054 <sup>(c)</sup>  | 23 | 24 |
| Freddie Mac Pool #RJ2193 5.00% 8/1/2054 <sup>(c)</sup>  | 279 | 280 |
| Freddie Mac Pool #RJ2241 5.00% 8/1/2054 <sup>(c)</sup>  | 192 | 193 |
| Freddie Mac Pool #RJ2195 5.00% 8/1/2054 <sup>(c)</sup>  | 181 | 181 |
| Freddie Mac Pool #RJ2200 5.50% 8/1/2054 <sup>(c)</sup>  | 2027 | 2060 |
| Freddie Mac Pool #RJ2206 5.50% 8/1/2054 <sup>(c)</sup>  | 1285 | 1305 |
| Freddie Mac Pool #RJ2243 5.50% 8/1/2054 <sup>(c)</sup>  | 1182 | 1201 |
| Freddie Mac Pool #SD6286 5.50% 8/1/2054 <sup>(c)</sup>  | 519 | 529 |
| Freddie Mac Pool #RJ2203 5.50% 8/1/2054 <sup>(c)</sup>  | 219 | 223 |
| Freddie Mac Pool #SD8454 6.00% 8/1/2054 <sup>(c)</sup>  | 3637 | 3726 |
| Freddie Mac Pool #RJ2212 6.00% 8/1/2054 <sup>(c)</sup>  | 3533 | 3668 |
| Freddie Mac Pool #RJ2216 6.00% 8/1/2054 <sup>(c)</sup>  | 2097 | 2155 |
| Freddie Mac Pool #SD6029 6.00% 8/1/2054 <sup>(c)</sup>  | 735 | 758 |

---

Short-Term Bond Fund of America — Page 18 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Freddie Mac Pool #RJ2210 6.00% 8/1/2054 <sup>(c)</sup>  | USD720 | $740 |
| Freddie Mac Pool #QJ3296 6.00% 8/1/2054 <sup>(c)</sup>  | 35 | 36 |
| Freddie Mac Pool #SD8455 6.50% 8/1/2054 <sup>(c)</sup>  | 5954 | 6171 |
| Freddie Mac Pool #RJ2222 6.50% 8/1/2054 <sup>(c)</sup>  | 5416 | 5640 |
| Freddie Mac Pool #RJ2247 6.50% 8/1/2054 <sup>(c)</sup>  | 2229 | 2323 |
| Freddie Mac Pool #RJ2228 6.50% 8/1/2054 <sup>(c)</sup>  | 1176 | 1224 |
| Freddie Mac Pool #RJ2422 5.50% 9/1/2054 <sup>(c)</sup>  | 2322 | 2360 |
| Freddie Mac Pool #QJ3044 5.50% 9/1/2054 <sup>(c)</sup>  | 2015 | 2044 |
| Freddie Mac Pool #RJ2415 5.50% 9/1/2054 <sup>(c)</sup>  | 961 | 983 |
| Freddie Mac Pool #SD6328 5.50% 9/1/2054 <sup>(c)</sup>  | 947 | 970 |
| Freddie Mac Pool #RJ2408 5.50% 9/1/2054 <sup>(c)</sup>  | 879 | 893 |
| Freddie Mac Pool #SD8462 5.50% 9/1/2054 <sup>(c)</sup>  | 179 | 181 |
| Freddie Mac Pool #RJ2314 6.00% 9/1/2054 <sup>(c)</sup>  | 2611 | 2682 |
| Freddie Mac Pool #RJ2312 6.00% 9/1/2054 <sup>(c)</sup>  | 1407 | 1451 |
| Freddie Mac Pool #RJ2308 6.00% 9/1/2054 <sup>(c)</sup>  | 1316 | 1366 |
| Freddie Mac Pool #RJ2306 6.00% 9/1/2054 <sup>(c)</sup>  | 1268 | 1318 |
| Freddie Mac Pool #RJ2309 6.00% 9/1/2054 <sup>(c)</sup>  | 770 | 792 |
| Freddie Mac Pool #SD8463 6.00% 9/1/2054 <sup>(c)</sup>  | 723 | 741 |
| Freddie Mac Pool #QJ5643 6.50% 9/1/2054 <sup>(c)</sup>  | 6670 | 6913 |
| Freddie Mac Pool #SD6271 6.50% 9/1/2054 <sup>(c)</sup>  | 1415 | 1476 |
| Freddie Mac Pool #RJ2411 6.50% 9/1/2054 <sup>(c)</sup>  | 916 | 954 |
| Freddie Mac Pool #QJ4693 6.50% 9/1/2054 <sup>(c)</sup>  | 715 | 749 |
| Freddie Mac Pool #RJ2470 6.50% 9/1/2054 <sup>(c)</sup>  | 415 | 432 |
| Freddie Mac Pool #RJ2474 6.50% 9/1/2054 <sup>(c)</sup>  | 284 | 295 |
| Freddie Mac Pool #SD8469 5.50% 10/1/2054 <sup>(c)</sup>  | 7084 | 7183 |
| Freddie Mac Pool #SD6733 6.50% 10/1/2054 <sup>(c)</sup>  | 461 | 479 |
| Freddie Mac Pool #QJ8234 5.00% 11/1/2054 <sup>(c)</sup>  | 1809 | 1813 |
| Freddie Mac Pool #RJ2917 5.50% 11/1/2054 <sup>(c)</sup>  | 20105 | 20413 |
| Freddie Mac Pool #SD8475 5.50% 11/1/2054 <sup>(c)</sup>  | 580 | 588 |
| Freddie Mac Pool #RJ2922 6.00% 11/1/2054 <sup>(c)</sup>  | 1836 | 1883 |
| Freddie Mac Pool #QX2561 5.00% 12/1/2054 <sup>(c)</sup>  | 1791 | 1790 |
| Freddie Mac Pool #QJ9769 5.00% 12/1/2054 <sup>(c)</sup>  | 248 | 248 |
| Freddie Mac Pool #QX0376 5.50% 12/1/2054 <sup>(c)</sup>  | 5794 | 5891 |
| Freddie Mac Pool #SD8493 5.50% 12/1/2054 <sup>(c)</sup>  | 2441 | 2474 |
| Freddie Mac Pool #QX4072 5.00% 1/1/2055 <sup>(c)</sup>  | 1773 | 1772 |
| Freddie Mac Pool #SD8494 5.50% 1/1/2055 <sup>(c)</sup>  | 4155 | 4210 |
| Freddie Mac Pool #QX4065 6.00% 1/1/2055 <sup>(c)</sup>  | 1433 | 1469 |
| Freddie Mac Pool #SL2928 7.00% 1/1/2055 <sup>(c)</sup>  | 336 | 353 |
| Freddie Mac Pool #SD8507 6.00% 2/1/2055 <sup>(c)</sup>  | 330 | 338 |
| Freddie Mac Pool #QX9882 5.00% 3/1/2055 <sup>(c)</sup>  | 1278 | 1286 |
| Freddie Mac Pool #SD8515 5.50% 3/1/2055 <sup>(c)</sup>  | 142 | 144 |
| Freddie Mac Pool #SD8516 6.00% 3/1/2055 <sup>(c)</sup>  | 397 | 407 |
| Freddie Mac Pool #QX8785 6.50% 3/1/2055 <sup>(c)</sup>  | 602 | 628 |
| Freddie Mac Pool #QY1328 5.00% 4/1/2055 <sup>(c)</sup>  | 3108 | 3113 |
| Freddie Mac Pool #QY1332 5.00% 4/1/2055 <sup>(c)</sup>  | 1552 | 1563 |
| Freddie Mac Pool #SL1094 5.00% 4/1/2055 <sup>(c)</sup>  | 1555 | 1557 |
| Freddie Mac Pool #QY1360 5.00% 4/1/2055 <sup>(c)</sup>  | 873 | 873 |
| Freddie Mac Pool #SD8525 6.00% 4/1/2055 <sup>(c)</sup>  | 22058 | 22598 |
| Freddie Mac Pool #SL0796 6.00% 4/1/2055 <sup>(c)</sup>  | 4216 | 4319 |
| Freddie Mac Pool #QY2186 6.50% 4/1/2055 <sup>(c)</sup>  | 716 | 742 |
| Freddie Mac Pool #QY2240 5.00% 5/1/2055 <sup>(c)</sup>  | 1531 | 1538 |
| Freddie Mac Pool #QY3688 5.00% 5/1/2055 <sup>(c)</sup>  | 1105 | 1106 |
| Freddie Mac Pool #QY2231 5.00% 5/1/2055 <sup>(c)</sup>  | 45 | 45 |
| Freddie Mac Pool #SD8534 6.00% 5/1/2055 <sup>(c)</sup>  | 22888 | 23454 |

---

Short-Term Bond Fund of America — Page 19 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Freddie Mac Pool #SL1138 6.00% 5/1/2055 <sup>(c)</sup>  | USD675 | $692 |
| Freddie Mac Pool #SL1137 6.00% 5/1/2055 <sup>(c)</sup>  | 634 | 649 |
| Freddie Mac Pool #RQ0027 5.50% 7/1/2055 <sup>(c)</sup>  | 23131 | 23435 |
| Freddie Mac Pool #RQ0028 6.00% 7/1/2055 <sup>(c)</sup>  | 65098 | 66680 |
| Freddie Mac Pool #RQ0041 6.00% 8/1/2055 <sup>(c)</sup>  | 404 | 414 |
| Freddie Mac Pool #RQ0050 6.00% 9/1/2055 <sup>(c)</sup>  | 155 | 159 |
| Freddie Mac Pool #RQ0056 5.50% 10/1/2055 <sup>(c)</sup>  | 526 | 533 |
| Freddie Mac, Series K054, Class A2, Multi Family, 2.745% 1/25/2026 <sup>(c)</sup>  | 218 | 217 |
| Freddie Mac, Series K057, Class A2, Multi Family, 2.57% 7/25/2026 <sup>(c)</sup>  | 27 | 27 |
| Freddie Mac, Series K070, Class A2, Multi Family, 3.303% 11/25/2027 <sup>(c)(f)</sup>  | 10 | 10 |
| Freddie Mac, Series K515, Class A2, Multi Family, 5.40% 1/25/2029 <sup>(c)</sup>  | 22724 | 23677 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 1/25/2056 <sup>(c)</sup>  | 2591 | 2476 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 8/25/2056 <sup>(c)(f)</sup>  | 4030 | 3846 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 8/25/2056 <sup>(c)</sup>  | 4041 | 3838 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.25% 6/25/2057 <sup>(c)(f)</sup>  | 12 | 11 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 6/25/2057 <sup>(c)</sup>  | 9 | 9 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class M45T, 4.50% 6/25/2057 <sup>(c)</sup>  | 2143 | 2103 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 8/25/2057 <sup>(c)(f)</sup>  | 2777 | 2706 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-4, Class MA, 3.50% 3/25/2058 <sup>(c)</sup>  | 35 | 34 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MA, 3.50% 7/25/2058 <sup>(c)</sup>  | 760 | 741 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.50% 8/26/2058 <sup>(c)</sup>  | 5976 | 5812 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-4, Class MA, 3.00% 2/25/2059 <sup>(c)</sup>  | 1205 | 1136 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-1, Class A1, 3.50% 6/25/2028 <sup>(c)</sup>  | 8553 | 8375 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-1, Class A1, 3.50% 5/25/2029 <sup>(c)</sup>  | 1426 | 1405 |
| Government National Mortgage Assn. Pool #MA5332 5.00% 7/20/2048 <sup>(c)</sup>  | 29 | 30 |
| Government National Mortgage Assn. Pool #MA5653 5.00% 12/20/2048 <sup>(c)</sup>  | 1273 | 1297 |
| Government National Mortgage Assn. Pool #MA5765 5.00% 2/20/2049 <sup>(c)</sup>  | 279 | 284 |
| Government National Mortgage Assn. Pool #MA5878 5.00% 4/20/2049 <sup>(c)</sup>  | 900 | 917 |
| Government National Mortgage Assn. Pool #MA6042 5.00% 7/20/2049 <sup>(c)</sup>  | 26 | 26 |
| Government National Mortgage Assn. Pool #MA8947 5.00% 6/20/2053 <sup>(c)</sup>  | 277 | 278 |
| Government National Mortgage Assn. Pool #MA9170 5.00% 9/20/2053 <sup>(c)</sup>  | 16936 | 16985 |
| Government National Mortgage Assn. Pool #MA9240 5.00% 10/20/2053 <sup>(c)</sup>  | 17155 | 17221 |
| Government National Mortgage Assn. Pool #710074 4.72% 4/20/2061 <sup>(c)</sup>  | 2 | 2 |
| Government National Mortgage Assn. Pool #721648 5.05% 4/20/2061 <sup>(c)</sup>  | 4 | 3 |
| Government National Mortgage Assn. Pool #710077 4.70% 5/20/2061 <sup>(c)</sup>  | 3 | 3 |
| Government National Mortgage Assn. Pool #725876 4.882% 9/20/2061 <sup>(c)</sup>  | —<br> <sup>(h)</sup><br>| — <br><sup>(h)</sup><br>|
| Government National Mortgage Assn. Pool #710085 4.94% 9/20/2061 <sup>(c)</sup>  | 2 | 2 |
| Government National Mortgage Assn. Pool #725879 4.888% 10/20/2061 <sup>(c)</sup>  | —<br> <sup>(h)</sup><br>| — <br><sup>(h)</sup><br>|
| Government National Mortgage Assn. Pool #AC0975 4.695% 4/20/2063 <sup>(c)</sup>  | 1 | 1 |
| Government National Mortgage Assn. Pool #AC1008 4.694% 10/20/2063 <sup>(c)</sup>  | —<br> <sup>(h)</sup><br>| — <br><sup>(h)</sup><br>|
| Government National Mortgage Assn. Pool #776094 4.738% 10/20/2063 <sup>(c)</sup>  | 1 | 1 |
| Government National Mortgage Assn. Pool #AG8041 4.464% 11/20/2063 <sup>(c)</sup>  | 3 | 3 |
| Government National Mortgage Assn. Pool #AG8060 4.462% 12/20/2063 <sup>(c)</sup>  | 3 | 3 |
| Government National Mortgage Assn. Pool #AG8069 4.229% 1/20/2064 <sup>(c)</sup>  | 4 | 4 |
| Government National Mortgage Assn. Pool #AG8070 4.462% 1/20/2064 <sup>(c)</sup>  | 3 | 3 |
| Government National Mortgage Assn. Pool #AC1026 4.694% 1/20/2064 <sup>(c)</sup>  | 1 | 1 |
| Government National Mortgage Assn. Pool #AG8081 4.229% 2/20/2064 <sup>(c)</sup>  | 4 | 4 |
| Government National Mortgage Assn. Pool #AG8082 4.424% 2/20/2064 <sup>(c)</sup>  | 3 | 3 |
| Government National Mortgage Assn. Pool #AG8076 4.817% 2/20/2064 <sup>(c)</sup>  | 1 | 1 |
| Government National Mortgage Assn. Pool #767680 4.307% 6/20/2064 <sup>(c)</sup>  | 8 | 8 |
| Government National Mortgage Assn. Pool #AG8149 4.339% 6/20/2064 <sup>(c)(f)</sup>  | 20 | 20 |
| Government National Mortgage Assn. Pool #AO0461 4.607% 8/20/2065 <sup>(c)</sup>  | 3 | 3 |
| Government National Mortgage Assn., Series 2018-98, Class A, 3.00% 10/16/2050 <sup>(c)</sup>  | 1624 | 1576 |

---

Short-Term Bond Fund of America — Page 20 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Assn., Series 2012-H12, Class FT, (1-year UST Yield Curve Rate T Note Constant <br> Maturity + 0.70%) 4.34% 5/20/2062 <sup>(c)(f)</sup>  | USD67 | $67 |
| Government National Mortgage Assn., Series 2012-H20, Class PT, 4.708% 7/20/2062 <sup>(c)(f)</sup>  | 651 | 652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Assn., Series 2014-H08, Class FT, (1-year UST Yield Curve Rate T Note Constant <br> Maturity + 0.60%) 4.24% 3/20/2064 <sup>(c)(f)</sup>  | 315 | 315 |
| Uniform Mortgage-Backed Security 5.50% 12/1/2040 <sup>(c)(i)</sup>  | 3645 | 3731 |
| Uniform Mortgage-Backed Security 5.00% 12/1/2055 <sup>(c)(i)</sup>  | 50000 | 49905 |
| Uniform Mortgage-Backed Security 5.50% 12/1/2055 <sup>(c)(i)</sup>  | 12051 | 12205 |
| Uniform Mortgage-Backed Security 6.00% 12/1/2055 <sup>(c)(i)</sup>  | 114 | 117 |
|  |  | 1044167 |
| **Collateralized mortgage-backed obligations (privately originated) 6.79%** |  |  |
| Angel Oak Mortgage Trust, Series 2024-7, Class A1, 5.621% 5/25/2069 (6.621% on 7/1/2028) <sup>(c)(d)(g)</sup>  | 4978 | 5009 |
| Angel Oak Mortgage Trust, Series 2024-8, Class A1, 5.338% 5/27/2069 (6.338% on 8/1/2028) <sup>(c)(d)(g)</sup>  | 4898 | 4917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Argent Securities, Inc., Series 2005-W2, Class M1, (1-month USD CME Term SOFR + 0.849%) 4.804% <br>10/25/2035 <sup>(c)(f)</sup>  | 244 | 243 |
| Arroyo Mortgage Trust, Series 2021-1R, Class A1, 1.175% 10/25/2048 <sup>(c)(d)(f)</sup>  | 1904 | 1727 |
| Arroyo Mortgage Trust, Series 2019-1, Class A1, 3.805% 1/25/2049 <sup>(c)(d)(f)</sup>  | 2136 | 2091 |
| Arroyo Mortgage Trust, Series 2019-2, Class A2, 3.498% 4/25/2049 <sup>(c)(d)(f)</sup>  | 259 | 253 |
| Arroyo Mortgage Trust, Series 2019-2, Class A3, 3.80% 4/25/2049 <sup>(c)(d)(f)</sup>  | 2042 | 2004 |
| Arroyo Mortgage Trust, Series 2020-1, Class A1A, 1.662% 3/25/2055 <sup>(c)(d)</sup>  | 706 | 685 |
| Arroyo Mortgage Trust, Series 2022-1, Class A1A, 2.495% 12/25/2056 (3.495% on 2/25/2026) <sup>(c)(d)(g)</sup>  | 6610 | 6449 |
| Atlas SP, Series 2024-RPL1, Class A1, 3.85% 4/25/2064 (4.85% on 8/1/2028) <sup>(c)(d)(g)</sup>  | 11494 | 11244 |
| BINOM Securitization Trust, Series 2022-RPL1, Class A1, 3.00% 2/25/2061 <sup>(c)(d)(f)</sup>  | 1768 | 1670 |
| BRAVO Residential Funding Trust, Series 2020-RPL2, Class A1, 2.00% 5/25/2059 <sup>(c)(d)(f)</sup>  | 5388 | 5105 |
| BRAVO Residential Funding Trust, Series 2020-RPL1, Class A1, 2.50% 5/26/2059 <sup>(c)(d)(f)</sup>  | 3191 | 3148 |
| BRAVO Residential Funding Trust, Series 2022-RPL1, Class A1, 2.75% 9/25/2061 <sup>(c)(d)</sup>  | 274 | 253 |
| BRAVO Residential Funding Trust, Series 2022-NQM2, Class A1, 4.272% 11/25/2061 (5.272% on 5/1/2026) <sup>(c)(d)(g)</sup>  | 494 | 495 |
| BRAVO Residential Funding Trust, Series 2022-NQM3, Class A1, 5.108% 7/25/2062 (6.108% on 9/1/2026) <sup>(c)(d)(g)</sup>  | 5130 | 5124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BRAVO Residential Funding Trust, Series 2023-NQM8, Class A1, 6.394% 10/25/2063 (7.394% on <br>11/1/2027) <sup>(c)(d)(g)</sup>  | 1494 | 1508 |
| BRAVO Residential Funding Trust, Series 2024-NQM1, Class A1, 5.943% 12/1/2063 (6.943% on 1/1/2028) <sup>(c)(d)(g)</sup>  | 1859 | 1873 |
| BRAVO Residential Funding Trust, Series 2025-NQM1, Class A1, 5.604% 12/25/2064 <sup>(c)(d)(g)</sup>  | 8254 | 8317 |
| BRAVO Residential Funding Trust, Series 2025-NQM5, Class A1, 5.496% 2/25/2065 (6.496% on 5/1/2027) <sup>(c)(d)(g)</sup>  | 13463 | 13559 |
| Bridge Trust, Series 2024-SFR1, Class A, 4.00% 8/17/2040 <sup>(c)(d)</sup>  | 7158 | 6996 |
| Bunker Hill Loan Depositary Trust, Series 2019-2, Class A1, 2.879% 7/25/2049 <sup>(c)(d)(f)</sup>  | 1394 | 1371 |
| Cantor Commercial Real Estate Lending, Series 2019-CF1, Class AS, 4.027% 5/15/2052 <sup>(c)</sup>  | 1000 | 962 |
| Cascade Funding Mortgage Trust, Series 2024-HB13, Class A, 3.00% 5/25/2034 <sup>(c)(d)(f)</sup>  | 2217 | 2191 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class A, 4.00% 8/25/2034 <sup>(c)(d)(f)</sup>  | 10517 | 10480 |
| Cascade Funding Mortgage Trust, Series 2024-RM5, Class A, 4.00% 10/25/2054 <sup>(c)(d)(f)</sup>  | 24140 | 23682 |
| Cascade Funding Mortgage Trust, Series 2024-R1, Class A1, 4.00% 10/25/2054 (5.00% on 10/25/2028) <sup>(c)(d)(g)</sup>  | 6549 | 6481 |
| CIM Trust, Series 2018-R3, Class A1, 5.00% 12/25/2057 <sup>(c)(d)(f)</sup>  | 172 | 171 |
| CIM Trust, Series 2022-R2, Class A1, 3.75% 12/25/2061 <sup>(c)(d)(f)</sup>  | 7386 | 7100 |
| CIM Trust, Series 2023-R1, Class A1A, 5.40% 4/25/2062 <sup>(c)(d)(f)</sup>  | 11491 | 11459 |
| CIM Trust, Series 2024-R1, Class A1, 4.75% 6/25/2064 <sup>(c)(d)(f)</sup>  | 2061 | 2057 |
| Citigroup Mortgage Loan Trust, Series 2020-EXP1, Class A1A, 1.804% 5/25/2060 <sup>(c)(d)(f)</sup>  | 1199 | 1130 |
| COLT Funding, LLC, Series 2023-1, Class A1, 6.048% 4/25/2068 (7.048% on 4/1/2027) <sup>(c)(d)(g)</sup>  | 6162 | 6176 |
| COLT Funding, LLC, Series 2023-3, Class A1, 7.18% 9/25/2068 (8.18% on 9/1/2027) <sup>(c)(d)(g)</sup>  | 3711 | 3756 |
| COLT Funding, LLC, Series 2023-4, Class A1, 7.163% 10/25/2068 (8.163% on 10/1/2027) <sup>(c)(d)(g)</sup>  | 1173 | 1190 |
| COLT Mortgage Loan Trust, Series 2021-5, Class A1, 1.726% 11/26/2066 <sup>(c)(d)(f)</sup>  | 6288 | 5739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2017-C01, Class 1B1, (30-day Average USD-SOFR + 5.864%) 9.936% <br> 7/25/2029 <sup>(c)(f)</sup>  | 850 | 891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2018-C01, Class 1M2C, (30-day Average USD-SOFR + 2.364%) <br> 6.436% 7/25/2030 <sup>(c)(f)</sup>  | 3280 | 3312 |

---

Short-Term Bond Fund of America — Page 21 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Collateralized mortgage-backed obligations (privately originated) (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 18-C03, Class 1B1, (30-day Average USD-SOFR + 3.86%) 7.936% <br> 10/25/2030 <sup>(c)(f)</sup>  | USD4,000 | $4282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2023-R05, Class 1M1, (30-day Average USD-SOFR + 1.90%) 5.972% <br> 6/25/2043 <sup>(c)(d)(f)</sup>  | 1300 | 1311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R01, Class 1M1, (30-day Average USD-SOFR + 1.05%) 5.122% <br> 1/25/2044 <sup>(c)(d)(f)</sup>  | 1826 | 1825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R02, Class 1M1, (30-day Average USD-SOFR + 1.10%) 5.172% <br> 2/25/2044 <sup>(c)(d)(f)</sup>  | 460 | 461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R04, Class 1A1, (30-day Average USD-SOFR + 1.00%) 5.072% <br> 5/25/2044 <sup>(c)(d)(f)</sup>  | 3712 | 3720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R06, Class 1A1, (30-day Average USD-SOFR + 1.15%) 5.222% <br> 9/25/2044 <sup>(c)(d)(f)</sup>  | 5086 | 5105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2025-R02, Class 1A1, (30-day Average USD-SOFR + 1.00%) 5.072% <br> 2/25/2045 <sup>(c)(d)(f)</sup>  | 3321 | 3328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2025-R02, Class 1M1, (30-day Average USD-SOFR + 1.15%) 5.222% <br> 2/25/2045 <sup>(c)(d)(f)</sup>  | 1891 | 1895 |
| Finance of America HECM Buyout, Series 24-HB1, Class A1A, 4.00% 10/1/2034 <sup>(c)(d)(f)</sup>  | 797 | 797 |
| Finance of America Structured Securities Trust, Series 2025-PC1, Class A1, 4.50% 5/25/2075 <sup>(c)(d)</sup>  | 14791 | 14383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2016-DNA1, Class M3, (30-day Average <br> USD-SOFR + 5.664%) 9.736% 7/25/2028 <sup>(c)(f)</sup>  | 2121 | 2137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2016-DNA3, Class M3, (30-day Average <br> USD-SOFR + 5.114%) 9.186% 12/25/2028 <sup>(c)(f)</sup>  | 4005 | 4086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA2, Class M1A, (30-day Average <br> USD-SOFR + 1.30%) 5.372% 2/25/2042 <sup>(c)(d)(f)</sup>  | 166 | 166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA5, Class M1A, (30-day Average <br> USD-SOFR + 2.95%) 7.022% 6/25/2042 <sup>(c)(d)(f)</sup>  | 4181 | 4265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2025-DNA3, Class A1, (30-day Average <br> USD-SOFR + 0.95%) 5.022% 9/25/2045 <sup>(c)(d)(f)</sup>  | 2297 | 2299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2018-DNA3, Class M2, (30-day Average <br> USD-SOFR + 2.214%) 6.286% 9/25/2048 <sup>(c)(d)(f)</sup>  | 2162 | 2209 |
| GCAT Trust, Series 2024-NQM1, Class A1, 6.007% 1/25/2059 (7.007% on 1/1/2028) <sup>(c)(d)(g)</sup>  | 598 | 603 |
| GCAT Trust, Series 2024-NQM2, Class A1, 6.085% 6/25/2059 (7.359% on 5/1/2028) <sup>(c)(d)(g)</sup>  | 3031 | 3063 |
| GCAT Trust, Series 2021-NQM6, Class A1, 1.855% 8/25/2066 <sup>(c)(d)(f)</sup>  | 12204 | 11233 |
| GS Mortgage-Backed Securities Trust, Series 2024-RPL2, Class A1, 3.75% 7/25/2061 (4.75% on 2/1/2028) <sup>(c)(d)(g)</sup>  | 5877 | 5770 |
| GS Mortgage-Backed Securities Trust, Series 2025-RPL3, Class A1, 4.10% 7/25/2065 (5.10% on 6/1/2029) <sup>(c)(d)(g)</sup>  | 3150 | 3085 |
| Home Partners of America Trust, Series 2021-2, Class A, 1.901% 12/17/2026 <sup>(c)(d)</sup>  | 5058 | 4939 |
| Home Partners of America Trust, Series 2021-2, Class C, 2.402% 12/17/2026 <sup>(c)(d)</sup>  | 8820 | 8591 |
| Home Partners of America Trust, Series 2022-1, Class A, 3.93% 4/17/2039 <sup>(c)(d)</sup>  | 277 | 276 |
| Imperial Fund Mortgage Trust, Series 2022-NQM7, Class A1, 7.369% 11/25/2067 (8.369% on 11/1/2026) <sup>(c)(d)(g)</sup>  | 8505 | 8541 |
| Imperial Fund Mortgage Trust, Series 2023-NQM1, Class A1, 5.941% 2/25/2068 (6.941% on 1/1/2027) <sup>(c)(d)(g)</sup>  | 13916 | 13904 |
| Legacy Mortgage Asset Trust, Series 2021-GS2, Class A1, 5.75% 4/25/2061 <sup>(c)(d)</sup>  | 1786 | 1787 |
| Legacy Mortgage Asset Trust, Series 2021-GS5, Class A1, 6.25% 7/25/2067 <sup>(c)(d)</sup>  | 5161 | 5169 |
| MFRA Trust, Series 2020-NQM1, Class A1, 2.479% 3/25/2065 <sup>(c)(d)(f)</sup>  | 822 | 801 |
| MFRA Trust, Series 2024-NQM2, Class A1, 5.272% 8/25/2069 (6.272% on 8/1/2028) <sup>(c)(d)(g)</sup>  | 5334 | 5337 |
| MFRA Trust, Series 2024-NQM3, Class A1, 5.722% 12/25/2069 (6.722% on 12/1/2028) <sup>(c)(d)(g)</sup>  | 5543 | 5581 |
| MFRA Trust, Series 2025-NQM3, Class A1, 5.261% 8/25/2070 (6.261% on 7/1/2029) <sup>(c)(d)(g)</sup>  | 7802 | 7812 |
| Mill City Mortgage Trust, Series 15-1, Class M3, 3.701% 6/25/2056 <sup>(c)(d)(f)</sup>  | 2056 | 2042 |
| Mill City Mortgage Trust, Series 2019-GS2, Class A1, 2.75% 8/25/2059 <sup>(c)(d)(f)</sup>  | 2123 | 2071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Residential Mortgage Loan Trust, Series 2024-NQM2, Class A1, 6.386% 5/25/2069 (7.386% on <br> 5/1/2028) <sup>(c)(d)(g)</sup>  | 13407 | 13570 |
| New Residential Mortgage Loan Trust, Series 2016-2, Class A1, 3.75% 11/26/2035 <sup>(c)(d)(f)</sup>  | 180 | 175 |
| New Residential Mortgage Loan Trust, Series 2015-2A, Class A1, 3.75% 8/25/2055 <sup>(c)(d)(f)</sup>  | 378 | 370 |
| New Residential Mortgage Loan Trust, Series 2016-1A, Class A1, 3.75% 3/25/2056 <sup>(c)(d)(f)</sup>  | 162 | 158 |
| New Residential Mortgage Loan Trust, Series 2018-RPL1, Class A1, 3.50% 12/25/2057 <sup>(c)(d)(f)</sup>  | 1142 | 1116 |

---

Short-Term Bond Fund of America — Page 22 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Collateralized mortgage-backed obligations (privately originated) (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| New Residential Mortgage Loan Trust, Series 2019-2A, Class A1, 4.25% 12/25/2057 <sup>(c)(d)(f)</sup>  | USD315 | $311 |
| New Residential Mortgage Loan Trust, Series 2018-5A, Class A1, 4.75% 12/25/2057 <sup>(c)(d)(f)</sup>  | 613 | 615 |
| New Residential Mortgage Loan Trust, Series 2018-3A, Class A1, 4.50% 5/25/2058 <sup>(c)(d)(f)</sup>  | 569 | 560 |
| New Residential Mortgage Loan Trust, Series 2020-RPL1, Class A1, 2.75% 11/25/2059 <sup>(c)(d)(f)</sup>  | 4229 | 4086 |
| New Residential Mortgage Loan Trust, Series 2025-NQM2, Class A1, 5.566% 4/25/2065 <sup>(c)(d)(g)</sup>  | 3917 | 3959 |
| New York Mortgage Trust, Series 2024-CP1, Class A1, 3.75% 2/25/2068 <sup>(c)(d)(f)</sup>  | 2562 | 2410 |
| Ocwen Loan Investment Trust, Series 2024-HB1, Class A, 3.00% 2/25/2037 <sup>(c)(d)</sup>  | 4089 | 4038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Onslow Bay Financial Mortgage Loan Trust, Series 2022-NQM7, Class A1, 5.11% 8/25/2062 (6.11% on <br>8/1/2026) <sup>(c)(d)(g)</sup>  | 2767 | 2765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Onslow Bay Financial Mortgage Loan Trust, Series 2022-NQM9, Class A1A, 6.45% 9/25/2062 (7.45% on <br> 11/1/2026) <sup>(c)(d)(g)</sup>  | 4345 | 4334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Onslow Bay Financial Mortgage Loan Trust, Series 2023-NQM4, Class A1, 6.113% 3/25/2063 (7.113% on <br> 5/1/2027) <sup>(c)(d)(g)</sup>  | 5141 | 5154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Onslow Bay Financial Mortgage Loan Trust, Series 2025-NQM8, Class A1, 5.472% 3/25/2065 (6.472% on <br> 5/1/2029) <sup>(c)(d)(g)</sup>  | 11783 | 11869 |
| Onslow Bay Financial, LLC, Series 2024-HYB2, Class A1, 3.697% 4/25/2053 <sup>(c)(d)(f)</sup>  | 11881 | 11731 |
| Onslow Bay Financial, LLC, Series 2022-NQM6, Class A1, 4.70% 7/25/2062 (5.70% on 6/1/2026) <sup>(c)(d)(g)</sup>  | 6313 | 6312 |
| Onslow Bay Financial, LLC, Series 2023-NQM7, Class A1, 6.844% 4/25/2063 (7.844% on 9/1/2027) <sup>(c)(d)(g)</sup>  | 1792 | 1815 |
| Onslow Bay Financial, LLC, Series 2023-NQM8, Class A1, 7.045% 09/25/2063 (8.045% on 9/1/2027) <sup>(c)(d)(g)</sup>  | 973 | 984 |
| Onslow Bay Financial, LLC, Series 2023-NQM10, Class A1, 6.465% 10/25/2063 (7.465% on 11/1/2027) <sup>(c)(d)(g)</sup>  | 2299 | 2329 |
| Onslow Bay Financial, LLC, Series 2023-NQM9, Class A1, 7.159% 10/25/2063 (8.159% on 10/1/2027) <sup>(c)(d)(g)</sup>  | 2578 | 2614 |
| Onslow Bay Financial, LLC, Series 2024-NQM1, Class A1, 5.928% 11/25/2063 (6.928% on 12/1/2027) <sup>(c)(d)(g)</sup>  | 868 | 874 |
| Onslow Bay Financial, LLC, Series 2024-NQM5, Class A1, 5.988% 1/25/2064 (6.988% on 3/1/2028) <sup>(c)(d)(g)</sup>  | 7362 | 7425 |
| Onslow Bay Financial, LLC, Series 2024-NQM4, Class A1, 6.067% 1/25/2064 (7.067% on 2/1/2028) <sup>(c)(d)(g)</sup>  | 5798 | 5851 |
| Onslow Bay Financial, LLC, Series 2024-NQM6, Class A1, 6.447% 2/25/2064 (7.447% on 4/1/2028) <sup>(c)(d)(g)</sup>  | 1864 | 1897 |
| Onslow Bay Financial, LLC, Series 2024-NQM7, Class A1, 6.243% 3/25/2064 (7.243% on 4/1/2028) <sup>(c)(d)(g)</sup>  | 8749 | 8849 |
| Onslow Bay Financial, LLC, Series 2024-NQM10, Class A1, 6.18% 5/25/2064 (7.18% on 6/1/2028) <sup>(c)(d)(g)</sup>  | 8000 | 8113 |
| Onslow Bay Financial, LLC, Series 2024-NQM8, Class A1, 6.233% 5/25/2064 (7.233% on 5/1/2028) <sup>(c)(d)(g)</sup>  | 21506 | 21764 |
| Onslow Bay Financial, LLC, Series 2024-NQM13, Class A1, 5.116% 6/25/2064 (6.116% on 8/1/2028) <sup>(c)(d)(g)</sup>  | 3416 | 3419 |
| Onslow Bay Financial, LLC, Series 2024-NQM11, Class A1, 5.875% 6/25/2064 (6.825% on 7/1/2028) <sup>(c)(d)(g)</sup>  | 6799 | 6865 |
| Onslow Bay Financial, LLC, Series 2024-NQM17, Class A1, 5.61% 11/25/2064 (6.61% on 11/1/2028) <sup>(c)(d)(g)</sup>  | 19915 | 20136 |
| Onslow Bay Financial, LLC, Series 2025-NQM3, Class A1, 5.648% 12/1/2064 (6.648% on 2/1/2029) <sup>(c)(d)(g)</sup>  | 6262 | 6317 |
| Onslow Bay Financial, LLC, Series 2025-NQM1, Class A1, 5.547% 12/25/2064 (6.547% on 12/1/2028) <sup>(c)(d)(g)</sup>  | 19327 | 19484 |
| Onslow Bay Financial, LLC, Series 2025-NQM14, Class A1A, 5.162% 7/25/2065 (6.162% on 7/1/2029) <sup>(c)(d)(g)</sup>  | 4857 | 4901 |
| Onslow Bay Financial, LLC, Series 2025-NQM16, Class A1A, 4.905% 8/25/2065 (5.905% on 9/1/2029) <sup>(c)(d)(g)</sup>  | 5890 | 5896 |
| Onslow Bay Financial, LLC, Series 2025-NQM18, Class A1A, 5.057% 9/25/2065 (6.057% on 9/1/2029) <sup>(c)(d)(g)</sup>  | 6977 | 7011 |
| Onslow Bay Financial, LLC, Series 2025-NQM19, Class A1, 4.869% 10/25/2065 <sup>(c)(d)(f)</sup>  | 14931 | 14972 |
| PRKCM Trust, Series 2021-AFC2, Class A1, 2.071% 11/25/2056 <sup>(c)(d)(f)</sup>  | 6113 | 5507 |
| PRKCM Trust, Series 23-AFC4, Class A1, 7.225% 11/25/2058 (8.225% on 10/1/2027) <sup>(c)(d)(g)</sup>  | 3415 | 3466 |
| Progress Residential Trust, Series 2021-SFR6, Class A, 1.524% 7/17/2038 <sup>(c)(d)</sup>  | 5658 | 5571 |
| Progress Residential Trust, Series 2022-SFR3, Class A, 3.20% 4/17/2039 <sup>(c)(d)</sup>  | 617 | 607 |
| Progress Residential Trust, Series 2024-SFR1, Class A, 3.35% 2/17/2041 <sup>(c)(d)</sup>  | 3807 | 3697 |
| Progress Residential Trust, Series 2024-SFR3, Class A, 3.00% 6/17/2041 <sup>(c)(d)</sup>  | 5604 | 5353 |
| Progress Residential Trust, Series 2025-SFR2, Class A, 3.305% 4/17/2042 <sup>(c)(d)</sup>  | 3382 | 3232 |
| Progress Residential Trust, Series 2025-SFR3, Class B, 3.39% 7/17/2042 <sup>(c)(d)</sup>  | 6000 | 5640 |
| Progress Residential Trust, Series 2025-SFR3, Class A, 3.39% 7/17/2042 <sup>(c)(d)</sup>  | 4098 | 3927 |
| Progress Residential Trust, Series 2025-SFR6, Class A, 2.378% 9/17/2042 (4.00% on 1/17/2026) <sup>(c)(d)(g)</sup>  | 1488 | 1457 |
| PRP Advisors, LLC, Series 2025-RPL3, Class A1, 3.25% 4/25/2055 (4.25% on 4/1/2028) <sup>(c)(d)(g)</sup>  | 3544 | 3432 |
| Sequoia Mortgage Trust, Series 2025-HYB1, Class A1A, 5.066% 10/25/2055 <sup>(c)(d)(f)</sup>  | 15882 | 16015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Mortgage Residential Trust, Series 2024-SFR4, Class A, (1-month USD CME Term SOFR + 1.75%) <br> 5.709% 10/17/2041 <sup>(c)(d)(f)</sup>  | 4394 | 4412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Mortgage Residential Trust, Series 2025-SFR5, Class A, (1-month USD CME Term SOFR + 1.45%) <br> 5.409% 2/17/2042 <sup>(c)(d)(f)</sup>  | 2336 | 2342 |

---

Short-Term Bond Fund of America — Page 23 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Collateralized mortgage-backed obligations (privately originated) (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Mortgage Residential Trust, Series 2025-SFR6, Class A, (1-month USD CME Term SOFR + 1.40%) <br> 5.359% 8/17/2042 <sup>(c)(d)(f)</sup>  | USD12,000 | $12029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust, Series 2019-HY1, Class A1, (1-month USD CME Term SOFR + 1.115%) 5.069% <br> 10/25/2048 <sup>(c)(d)(f)</sup>  | 1607 | 1611 |
| Towd Point Mortgage Trust, Series 2015-3, Class B1, 4.211% 3/25/2054 <sup>(c)(d)(f)</sup>  | 3377 | 3356 |
| Towd Point Mortgage Trust, Series 2016-1, Class B1, 4.417% 2/25/2055 <sup>(c)(d)(f)</sup>  | 1830 | 1818 |
| Towd Point Mortgage Trust, Series 2015-5, Class B1, 3.992% 5/25/2055 <sup>(c)(d)(f)</sup>  | 19970 | 19766 |
| Towd Point Mortgage Trust, Series 2016-2, Class M1, 3.00% 8/25/2055 <sup>(c)(d)(f)</sup>  | 1731 | 1713 |
| Towd Point Mortgage Trust, Series 2016-3, Class M2, 4.00% 4/25/2056 <sup>(c)(d)(f)</sup>  | 2238 | 2230 |
| Towd Point Mortgage Trust, Series 2016-3, Class B1, 4.079% 4/25/2056 <sup>(c)(d)(f)</sup>  | 1788 | 1771 |
| Towd Point Mortgage Trust, Series 2016-4, Class M2, 3.75% 7/25/2056 <sup>(c)(d)(f)</sup>  | 2538 | 2503 |
| Towd Point Mortgage Trust, Series 2016-5, Class M1, 3.375% 10/25/2056 <sup>(c)(d)(f)</sup>  | 4000 | 3908 |
| Towd Point Mortgage Trust, Series 2017-1, Class A2, 3.50% 10/25/2056 <sup>(c)(d)(f)</sup>  | 1237 | 1233 |
| Towd Point Mortgage Trust, Series 2017-2, Class M1, 3.75% 4/25/2057 <sup>(c)(d)(f)</sup>  | 6470 | 6402 |
| Towd Point Mortgage Trust, Series 2017-2, Class A4, 3.75% 4/25/2057 <sup>(c)(d)(f)</sup>  | 383 | 379 |
| Towd Point Mortgage Trust, Series 2017-4, Class A1, 2.75% 6/25/2057 <sup>(c)(d)(f)</sup>  | 1646 | 1617 |
| Towd Point Mortgage Trust, Series 2017-3, Class M1, 3.50% 7/25/2057 <sup>(c)(d)(f)</sup>  | 2300 | 2247 |
| Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75% 10/25/2057 <sup>(c)(d)(f)</sup>  | 1261 | 1244 |
| Towd Point Mortgage Trust, Series 2017-6, Class A2, 3.00% 10/25/2057 <sup>(c)(d)(f)</sup>  | 3000 | 2897 |
| Towd Point Mortgage Trust, Series 2015-2, Class 2B1, 4.024% 11/25/2057 <sup>(c)(d)(f)</sup>  | 662 | 660 |
| Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00% 1/25/2058 <sup>(c)(d)(f)</sup>  | 393 | 391 |
| Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25% 3/25/2058 <sup>(c)(d)(f)</sup>  | 3221 | 3198 |
| Towd Point Mortgage Trust, Series 2018-2, Class A2, 3.50% 03/25/2058 <sup>(c)(d)(f)</sup>  | 3500 | 3427 |
| Towd Point Mortgage Trust, Series 2019-1, Class A1, 3.75% 3/25/2058 <sup>(c)(d)(f)</sup>  | 3625 | 3548 |
| Towd Point Mortgage Trust, Series 2018-6, Class A1A, 3.75% 3/25/2058 <sup>(c)(d)(f)</sup>  | 432 | 430 |
| Towd Point Mortgage Trust, Series 2018-3, Class A1, 3.75% 5/25/2058 <sup>(c)(d)(f)</sup>  | 3436 | 3389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust, Series 2019-HY2, Class A1, (1-month USD CME Term SOFR + 1.114%) 5.069% <br> 5/25/2058 <sup>(c)(d)(f)</sup>  | 168 | 172 |
| Towd Point Mortgage Trust, Series 2019-2, Class A1, 3.75% 12/25/2058 <sup>(c)(d)(f)</sup>  | 1781 | 1738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust, Series 2019-HY3, Class A1A, (1-month USD CME Term SOFR + 1.115%) 5.069% <br> 10/25/2059 <sup>(c)(d)(f)</sup>  | 847 | 848 |
| Towd Point Mortgage Trust, Series 2020-4, Class A1, 1.75% 10/25/2060 <sup>(c)(d)</sup>  | 2490 | 2288 |
| Towd Point Mortgage Trust, Series 15-2, Class 1B2, 3.705% 11/25/2060 <sup>(c)(d)(f)</sup>  | 7156 | 7011 |
| Towd Point Mortgage Trust, Series 2023-1, Class A1, 3.75% 1/25/2063 <sup>(c)(d)</sup>  | 7880 | 7689 |
| Towd Point Mortgage Trust, Series 2024-3, Class A1A, 5.016% 7/25/2065 <sup>(c)(d)(f)</sup>  | 3087 | 3132 |
| Tricon American Homes Trust, Series 2020-SFR2, Class A, 1.482% 11/17/2039 <sup>(c)(d)</sup>  | 785 | 747 |
| Tricon Residential Trust, Series 2022-SFR1, Class A, 3.856% 4/17/2039 <sup>(c)(d)</sup>  | 5972 | 5936 |
| Tricon Residential Trust, Series 2024-SFR2, Class A, 4.75% 6/17/2040 <sup>(c)(d)</sup>  | 3424 | 3442 |
| Tricon Residential Trust, Series 2023-SFR2, Class A, 5.00% 12/17/2040 <sup>(c)(d)</sup>  | 2751 | 2769 |
| Tricon Residential Trust, Series 2024-SFR3, Class A, 4.50% 8/17/2041 <sup>(c)(d)</sup>  | 5962 | 5972 |
| Verus Securitization Trust, Series 2025-R1, Class A1, 5.402% 5/25/2065 (6.402% on 7/1/2029) <sup>(c)(d)(g)</sup>  | 7969 | 8026 |
| Verus Securitization Trust, Series 2023-1, Class A1, 5.85% 12/25/2067 (6.85% on 1/1/2027) <sup>(c)(d)(g)</sup>  | 4979 | 4971 |
| Verus Securitization Trust, Series 2023-3, Class A1, 5.93% 3/25/2068 (6.93% on 4/1/2027) <sup>(c)(d)(g)</sup>  | 5976 | 5983 |
| Verus Securitization Trust, Series 2023-2, Class A1, 6.193% 3/25/2068 (7.193% on 3/1/2027) <sup>(c)(d)(g)</sup>  | 1014 | 1015 |
| Verus Securitization Trust, Series 2023-4, Class A1, 5.811% 5/25/2068 (6.811% on 5/1/2027) <sup>(c)(d)(g)</sup>  | 4769 | 4775 |
| Verus Securitization Trust, Series 2023-5, Class A5, 6.476% 6/25/2068 (7.476% on 6/1/2027) <sup>(c)(d)(g)</sup>  | 8698 | 8741 |
| Verus Securitization Trust, Series 2023-7, Class A1, 7.07% 10/25/2068 (8.07% on 10/1/2027) <sup>(c)(d)(g)</sup>  | 3590 | 3639 |
| Verus Securitization Trust, Series 2024-2, Class A1, 6.095% 2/25/2069 (7.095% on 2/1/2028) <sup>(c)(d)(g)</sup>  | 5143 | 5190 |
| Verus Securitization Trust, Series 2024-3, Class A1, 6.338% 4/25/2069 (7.338% on 4/1/2028) <sup>(c)(d)(g)</sup>  | 22571 | 22842 |
| Verus Securitization Trust, Series 2024-5, Class A1, 6.192% 6/25/2069 (7.192% on 6/1/2028) <sup>(c)(d)(g)</sup>  | 6134 | 6208 |
| Verus Securitization Trust, Series 2024-4, Class A1, 6.218% 6/25/2069 (7.218% on 5/1/2028) <sup>(c)(d)(g)</sup>  | 7492 | 7579 |
| Verus Securitization Trust, Series 2024-7, Class A1, 5.095% 9/25/2069 <sup>(c)(d)(f)</sup>  | 4875 | 4881 |
| Verus Securitization Trust, Series 2024-R1, Class A1, 5.218% 9/25/2069 <sup>(c)(d)(f)</sup>  | 4880 | 4903 |
| Verus Securitization Trust, Series 2024-8, Class A1, 5.364% 10/25/2069 <sup>(c)(d)(f)</sup>  | 5210 | 5233 |

---

Short-Term Bond Fund of America — Page 24 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Collateralized mortgage-backed obligations (privately originated) (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Verus Securitization Trust, Series 2024-9, Class A1, 5.438% 11/25/2069 <sup>(c)(d)(f)</sup>  | USD5,878 | $5912 |
| Verus Securitization Trust, Series 2025-3, Class A1, 5.623% 5/25/2070 (6.623% on 4/1/2029) <sup>(c)(d)(g)</sup>  | 5256 | 5304 |
| Verus Securitization Trust, Series 2025-7, Class A1, 5.129% 8/25/2070 (6.129% on 8/1/2029) <sup>(c)(d)(g)</sup>  | 7933 | 7972 |
| Verus Securitization Trust, Series 2025-8, Class A1A, 4.869% 9/25/2070 (5.869% on 9/1/2029) <sup>(c)(d)(g)</sup>  | 8152 | 8143 |
|  |  | 848227 |
| **Commercial mortgage-backed securities 5.68%** |  |  |
| ALA Trust, Series 2025-OANA, Class A, (1-month USD CME Term SOFR + 1.743%) 5.702% 6/15/2040 <sup>(c)(d)(f)</sup>  | 1130 | 1136 |
| AMSR Trust, Series 2021-SFR3, Class A, 1.476% 10/17/2038 <sup>(c)(d)</sup>  | 1981 | 1932 |
| AMSR Trust, Series 2025-SFR1, Class A, 3.655% 6/17/2042 <sup>(c)(d)</sup>  | 9583 | 9288 |
| AMSR Trust, Series 2025-SFR1, Class C, 3.655% 6/17/2042 <sup>(c)(d)</sup>  | 878 | 834 |
| AMSR Trust, Series 2025-SFR1, Class B, 3.655% 6/17/2042 <sup>(c)(d)</sup>  | 594 | 569 |
| AMSR Trust, Series 2025-SFR2, Class A, 4.357% 11/17/2042 <sup>(c)(d)(g)</sup>  | 4452 | 4417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARES Commercial Mortgage Trust, Series 24-IND, Class A, (1-month USD CME Term SOFR + 1.69%) 5.651% <br> 7/15/2041 <sup>(c)(d)(f)</sup>  | 1342 | 1345 |
| Atrium Hotel Portfolio Trust, Series 2024-ATRM, Class A, 5.409% 11/10/2029 <sup>(c)(d)(f)</sup>  | 7479 | 7656 |
| Bank5, Series 2025-5YR18, Class AS, 5.466% 12/15/2058 <sup>(c)</sup>  | 2247 | 2319 |
| Bank Commercial Mortgage Trust, Series 2017-BNK4, Class A3, 3.362% 5/15/2050 <sup>(c)</sup>  | 10654 | 10556 |
| Bank Commercial Mortgage Trust, Series 2017-BNK4, Class A4, 3.625% 5/15/2050 <sup>(c)</sup>  | 3099 | 3065 |
| Bank Commercial Mortgage Trust, Series 2023-5YR1, Class A3, 6.26% 4/15/2056 <sup>(c)(f)</sup>  | 1465 | 1523 |
| Bank Commercial Mortgage Trust, Series 2023-5YR3, Class AS, 7.315% 9/15/2056 <sup>(c)(f)</sup>  | 4885 | 5234 |
| Bank Commercial Mortgage Trust, Series 2024-5YR8, Class A3, 5.884% 8/15/2057 <sup>(c)</sup>  | 710 | 747 |
| Bank Commercial Mortgage Trust, Series 2024-5YR11, Class A3, 5.893% 11/15/2057 <sup>(c)</sup>  | 12896 | 13614 |
| Bank Commercial Mortgage Trust, Series 2024-5YR11, Class AS, 6.139% 11/15/2057 <sup>(c)</sup>  | 1881 | 1980 |
| Bank Commercial Mortgage Trust, Series 2024-5YR12, Class A3, 5.902% 12/15/2057 <sup>(c)(f)</sup>  | 2085 | 2202 |
| Bank Commercial Mortgage Trust, Series 2024-5YR12, Class AS, 6.122% 12/15/2057 <sup>(c)(f)</sup>  | 1798 | 1893 |
| Bank Commercial Mortgage Trust, Series 2019-BN19, Class A3, 3.183% 8/15/2061 <sup>(c)</sup>  | 1185 | 1125 |
| Bank Commercial Mortgage Trust, Series 2019-BN18, Class A4, 3.584% 5/15/2062 <sup>(c)</sup>  | 1613 | 1556 |
| Bank Commercial Mortgage Trust, Series 2019-BN24, Class A3, 2.96% 11/15/2062 <sup>(c)</sup>  | 1649 | 1567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barclays Commercial Mortgage Securities, LLC, Series 2018-TALL, Class A, ((1-month USD CME Term SOFR + <br> 0.047%) + 0.872%) 4.878% 3/15/2037 <sup>(c)(d)(f)</sup>  | 6045 | 5694 |
| Barclays Commercial Mortgage Securities, LLC, Series 23-5C23, Class AS, 7.455% 12/15/2056 <sup>(c)(f)</sup>  | 388 | 417 |
| Barclays Commercial Mortgage Securities, LLC, Series 2024-5C31, Class AS, 5.852% 12/15/2057 <sup>(c)(f)</sup>  | 1719 | 1790 |
| Benchmark Mortgage Trust, Series 2018-B7, Class A4, 4.51% 5/15/2053 <sup>(c)(f)</sup>  | 1570 | 1578 |
| Benchmark Mortgage Trust, Series 2020-B19, Class A5, 1.85% 9/15/2053 <sup>(c)</sup>  | 5087 | 4530 |
| Benchmark Mortgage Trust, Series 2024-V7, Class A3, 6.228% 5/15/2056 <sup>(c)(f)</sup>  | 4348 | 4606 |
| Benchmark Mortgage Trust, Series 2024-V5, Class AM, 6.417% 1/10/2057 <sup>(c)(f)</sup>  | 672 | 703 |
| Benchmark Mortgage Trust, Series 2025-V14, Class AM, 6.09% 4/15/2057 <sup>(c)(f)</sup>  | 276 | 290 |
| Benchmark Mortgage Trust, Series 2024-V8, Class A3, 6.189% 7/15/2057 <sup>(c)(f)</sup>  | 1987 | 2107 |
| Benchmark Mortgage Trust, Series 2024-V9, Class A3, 5.602% 8/15/2057 <sup>(c)</sup>  | 13088 | 13649 |
| Benchmark Mortgage Trust, Series 2024-V9, Class AS, 6.064% 8/15/2057 <sup>(c)(f)</sup>  | 300 | 314 |
| Benchmark Mortgage Trust, Series 2024-V10, Class A3, 5.277% 9/15/2057 <sup>(c)</sup>  | 317 | 328 |
| Benchmark Mortgage Trust, Series 2024-V11, Class A3, 5.909% 11/15/2057 <sup>(c)(f)</sup>  | 2000 | 2112 |
| Benchmark Mortgage Trust, Series 2024-V11, Class AM, 6.201% 11/15/2057 <sup>(c)(f)</sup>  | 1930 | 2027 |
| BFLD Trust, Series 2025-5MW, Class A, 4.83% 10/10/2042 <sup>(c)(d)(f)</sup>  | 7318 | 7359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BLP Commercial Mortgage Trust, Series 2024-IND2, Class A, (1-month USD CME Term SOFR + 1.342%) 5.301% <br> 3/15/2041 <sup>(c)(d)(f)</sup>  | 4962 | 4967 |
| BMO Mortgage Trust, Series 2023-5C1, Class A3, 6.534% 8/15/2056 <sup>(c)(f)</sup>  | 971 | 1019 |
| BMO Mortgage Trust, Series 2023-5C1, Class AS, 7.117% 8/15/2056 <sup>(c)(f)</sup>  | 1996 | 2113 |
| BMO Mortgage Trust, Series 2023-C6, Class A5, 5.956% 9/15/2056 <sup>(c)(f)</sup>  | 370 | 396 |
| BMO Mortgage Trust, Series 2024-5C3, Class AS, 6.286% 2/15/2057 <sup>(c)(f)</sup>  | 2244 | 2343 |
| BMO Mortgage Trust, Series 2024-5C5, Class AS, 6.364% 2/15/2057 <sup>(c)(f)</sup>  | 3940 | 4148 |
| BMO Mortgage Trust, Series 2024-5C6, Class A3, 5.316% 9/15/2057 <sup>(c)</sup>  | 386 | 399 |
| BMO Mortgage Trust, Series 2024-5C8, Class AS, 5.94% 12/15/2057 <sup>(c)(f)</sup>  | 3140 | 3278 |

---

Short-Term Bond Fund of America — Page 25 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| BMO Mortgage Trust, Series 2025-5C9, Class A3, 5.779% 4/15/2058 <sup>(c)(f)</sup>  | USD4,599 | $4838 |
| BMO Mortgage Trust, Series 2025-5C9, Class AS, 6.165% 4/15/2058 <sup>(c)(f)</sup>  | 2971 | 3132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BOCA Commercial Mortgage Trust, Series 2024-BOCA, Class A, (1-month USD CME Term SOFR + 1.921%) <br> 5.88% 8/15/2041 <sup>(c)(d)(f)</sup>  | 10000 | 10028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust, Series 2022-CSMO, Class A, (1-month USD CME Term SOFR + 2.115%) 6.074% <br> 6/15/2027 <sup>(c)(d)(f)</sup>  | 4773 | 4793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust, Series 2021-VOLT, Class A, (1-month USD CME Term SOFR + 0.814%) 4.773% <br> 9/15/2036 <sup>(c)(d)(f)</sup>  | 18264 | 18256 |
| BX Trust, Series 2024-KING, Class A, (1-month USD CME Term SOFR + 1.541%) 5.50% 5/15/2034 <sup>(c)(d)(f)</sup>  | 3493 | 3497 |
| BX Trust, Series 2021-SDMF, Class A, (1-month USD CME Term SOFR + 0.703%) 4.662% 9/15/2034 <sup>(c)(d)(f)</sup>  | 16596 | 16528 |
| BX Trust, Series 2021-ARIA, Class A, (1-month USD CME Term SOFR + 1.014%) 4.972% 10/15/2036 <sup>(c)(d)(f)</sup>  | 5776 | 5774 |
| BX Trust, Series 2021-ARIA, Class C, (1-month USD CME Term SOFR + 1.76%) 5.719% 10/15/2036 <sup>(c)(d)(f)</sup>  | 4822 | 4821 |
| BX Trust, Series 2021-ACNT, Class A, (1-month USD CME Term SOFR + 0.964%) 4.923% 11/15/2038 <sup>(c)(d)(f)</sup>  | 14834 | 14819 |
| BX Trust, Series 2022-AHP, Class A, (1-month USD CME Term SOFR + 0.99%) 4.949% 1/17/2039 <sup>(c)(d)(f)</sup>  | 10634 | 10624 |
| BX Trust, Series 2024-CNYN, Class A, (1-month USD CME Term SOFR + 1.442%) 5.401% 4/15/2041 <sup>(c)(d)(f)</sup>  | 5264 | 5270 |
| BX Trust, Series 2024-BIO2, Class A, 5.594% 8/13/2041 <sup>(c)(d)(f)</sup>  | 21410 | 21768 |
| BX Trust, Series 2024-AIRC, Class A, (1-month USD CME Term SOFR + 1.691%) 5.65% 8/15/2041 <sup>(c)(d)(f)</sup>  | 14446 | 14485 |
| BX Trust, Series 2024-FNX, Class A, (1-month USD CME Term SOFR + 1.442%) 5.401% 11/15/2041 <sup>(c)(d)(f)</sup>  | 14848 | 14867 |
| BX Trust, Series 2025-BIO3, Class A, 6.138% 2/10/2042 <sup>(c)(d)</sup>  | 15330 | 15928 |
| BX Trust, Series 2025-VOLT, Class A, (1-month USD CME Term SOFR + 1.70%) 5.70% 12/15/2044 <sup>(c)(d)(f)</sup>  | 24862 | 24892 |
| BX Trust, Series 2025-VOLT, Class C, (1-month USD CME Term SOFR + 2.10%) 6.31% 12/15/2044 <sup>(c)(d)(f)</sup>  | 2998 | 3008 |
| BXP Trust, Series 2017-GM, Class A, 3.379% 6/13/2039 <sup>(c)(d)</sup>  | 3158 | 3096 |
| CALI Mortgage Trust, Series 24-SUN, Class A, (1-month USD CME Term SOFR + 1.89%) 5.85% 7/15/2041 <sup>(c)(d)(f)</sup>  | 3180 | 3187 |
| CALI Mortgage Trust, Series 24-SUN, Class B, (1-month USD CME Term SOFR + 2.34%) 6.299% 7/15/2041 <sup>(c)(d)(f)</sup>  | 421 | 422 |
| CART, Series 2024-DFW1, Class A, (1-month USD CME Term SOFR + 1.642%) 5.601% 8/15/2041 <sup>(c)(d)(f)</sup>  | 10569 | 10571 |
| CD Commercial Mortgage Trust, Series 2017-CD3, Class A4, 3.631% 2/10/2050 <sup>(c)</sup>  | 2000 | 1948 |
| CD Commercial Mortgage Trust, Series 2017-CD6, Class A5, 3.456% 11/13/2050 <sup>(c)</sup>  | 3686 | 3642 |
| Citigroup Commercial Mortgage Trust, Series 2023-PRM3, Class A, 6.36% 7/10/2028 <sup>(c)(d)(f)</sup>  | 17000 | 17738 |
| Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class A, 6.015% 10/12/2040 <sup>(c)(d)(f)</sup>  | 6311 | 6504 |
| Citigroup Commercial Mortgage Trust, Series 2016-GC36, Class A5, 3.616% 2/10/2049 <sup>(c)</sup>  | 772 | 768 |
| Commercial Mortgage Trust, Series 2016-COR1, Class A4, 3.091% 10/10/2049 <sup>(c)</sup>  | 4000 | 3950 |
| CSAIL Commercial Mortgage Trust, Series 2017-CX9, Class A4, 3.176% 9/15/2050 <sup>(c)</sup>  | 318 | 313 |
| CSAIL Commercial Mortgage Trust, Series 2017-CX10, Class A4, 3.191% 11/15/2050 <sup>(c)</sup>  | 646 | 637 |
| CSAIL Commercial Mortgage Trust, Series 2017-CX10, Class A5, 3.458% 11/15/2050 <sup>(c)(f)</sup>  | 882 | 861 |
| DC Commercial Mortgage Trust, Series 2023-DC, Class A, 6.314% 9/12/2040 <sup>(c)(d)</sup>  | 5393 | 5562 |
| Durst Commercial Mortgage Trust, Series 2025-151, Class A, 5.145% 8/10/2042 <sup>(c)(d)(f)</sup>  | 9188 | 9399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ellington Financial Mortgage Trust, Series 2025-NQM4, Class A1A, 4.972% 9/25/2070 (5.972% on <br>8/1/2029) <sup>(c)(d)(g)</sup>  | 9284 | 9276 |
| ELM Trust 2024, Series 2024-ELM, Class A10, 5.801% 6/10/2039 <sup>(c)(d)(f)</sup>  | 3942 | 3968 |
| ELM Trust 2024, Series 2024-ELM, Class A15, 5.994% 6/10/2039 <sup>(c)(d)(f)</sup>  | 4339 | 4368 |
| ELM Trust 2024, Series 2024-ELM, Class B10, 6.195% 6/10/2039 <sup>(c)(d)(f)</sup>  | 5283 | 5318 |
| ELM Trust 2024, Series 2024-ELM, Class B15, 6.195% 6/10/2039 <sup>(c)(d)(f)</sup>  | 4744 | 4775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust, Series 2025-ESH, Class A, (1-month USD CME Term SOFR + 1.30%) 5.259% <br> 10/15/2042 <sup>(c)(d)(f)</sup>  | 5141 | 5156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust, Series 2025-ESH, Class B, (1-month USD CME Term SOFR + 1.60%) 5.559% <br> 10/15/2042 <sup>(c)(d)(f)</sup>  | 390 | 391 |
| FIVE Mortgage Trust, Series 2023-V1, Class A3, 5.668% 2/10/2056 <sup>(c)(f)</sup>  | 7079 | 7270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fontainebleau Miami Beach Trust, Series 2024-FBLU, Class A, (1-month USD CME Term SOFR + 1.45%) 5.409% <br> 12/15/2039 <sup>(c)(d)(f)</sup>  | 5334 | 5348 |
| FS Commercial Trust, Series 2023-4SZN, Class A, 7.066% 11/10/2039 <sup>(c)(d)</sup>  | 4347 | 4435 |
| FS Trust, Series 2024-HULA, Class A, (1-month USD CME Term SOFR + 1.811%) 5.77% 8/15/2039 <sup>(c)(d)(f)</sup>  | 8000 | 8044 |
| Great Wolf Trust, Series 2024-WLF2, Class A, (1-month USD CME Term SOFR + 1.691%) 5.65% 5/15/2041 <sup>(c)(d)(f)</sup>  | 7231 | 7249 |
| GS Mortgage Securities Trust, Series 2024-70P, Class A, 5.487% 3/10/2041 <sup>(c)(d)(f)</sup>  | 14790 | 14978 |
| GS Mortgage Securities Trust, Series 2017-GS6, Class A3, 3.433% 5/10/2050 <sup>(c)</sup>  | 4459 | 4404 |

---

Short-Term Bond Fund of America — Page 26 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| GS Mortgage Securities Trust, Series 2017-GS7, Class A4, 3.43% 8/10/2050 <sup>(c)</sup>  | USD1,000 | $986 |
| GS Mortgage Securities Trust, Series 2020-GSA2, Class A5, 2.012% 12/12/2053 <sup>(c)</sup>  | 2975 | 2637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hawaii Hotel Trust, Series 2025-MAUI, Class A, (1-month USD CME Term SOFR + 1.393%) 5.352% <br>3/15/2042 <sup>(c)(d)(f)</sup>  | 8709 | 8728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hawaii Hotel Trust, Series 2025-MAUI, Class B, (1-month USD CME Term SOFR + 1.742%) 5.701% <br>3/15/2042 <sup>(c)(d)(f)</sup>  | 1617 | 1620 |
| HTL Commercial Mortgage Trust, Series 2024-T53, Class A, 5.876% 5/10/2039 <sup>(c)(d)(f)</sup>  | 7830 | 7927 |
| Hudson Yards Mortgage Trust, Series 2025-SPRL, Class A, 5.649% 1/13/2040 <sup>(c)(d)(f)</sup>  | 15227 | 15829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INTOWN Mortgage Trust, Series 2025-STAY, Class A, (1-month USD CME Term SOFR + 1.35%) 5.309% <br>3/15/2042 <sup>(c)(d)(f)</sup>  | 9982 | 9989 |
| JPMBB Commercial Mortgage Securities Trust, Series 2014-C26, Class B, 3.951% 1/15/2048 <sup>(c)</sup>  | 1261 | 1216 |
| JPMDB Commercial Mortgage Securities Trust, Series 2017-C7, Class A5, 3.409% 10/15/2050 <sup>(c)</sup>  | 250 | 246 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class A, 3.024% 1/5/2039 <sup>(c)(d)</sup>  | 7510 | 6772 |
| JPMDB Commercial Mortgage Securities Trust, Series 2016-C4, Class A3, 3.141% 12/15/2049 <sup>(c)</sup>  | 2675 | 2628 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2016-JP4, Class A4, 3.648% 12/15/2049 <sup>(c)(f)</sup>  | 2738 | 2714 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2017-JP5, Class AS, 3.723% 3/15/2050 <sup>(c)</sup>  | 2145 | 2130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JW Commercial Mortgage Trust 2024-MRCO, Series 2024-BERY, Class A, (1-month USD CME Term SOFR + <br> 1.593%) 5.552% 11/15/2039 <sup>(c)(d)(f)</sup>  | 4950 | 4959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KSL Commercial Mortgage Trust, Series 2024-HT2, Class A, (1-month USD CME Term SOFR + 1.542%) 5.501% <br> 12/15/2039 <sup>(c)(d)(f)</sup>  | 7733 | 7742 |
| LV Trust, Series 2024-SHOW, Class A, 5.274% 10/10/2041 <sup>(c)(d)(f)</sup>  | 10198 | 10405 |
| Manhattan West Mortgage Trust, Series 2020-1MW, Class A, 2.13% 9/10/2039 <sup>(c)(d)</sup>  | 6622 | 6350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MHC Commercial Mortgage Trust, CMO, Series 2021-MHC, Class A, (1-month USD CME Term SOFR + 0.915%) <br> 4.874% 4/15/2038 <sup>(c)(d)(f)</sup>  | 1325 | 1325 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2017-C34, Class ASB, 3.354% 11/15/2052 <sup>(c)</sup>  | 490 | 486 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2025-5C1, Class AS, 6.011% 3/15/2058 <sup>(c)</sup>  | 5060 | 5282 |
| NYC Commercial Mortgage Trust, Series 2025-28L, Class A, 4.668% 11/5/2038 <sup>(c)(d)(f)</sup>  | 10711 | 10741 |
| NYC Commercial Mortgage Trust, Series 2025-28L, Class B, 5.007% 11/5/2038 <sup>(c)(d)(f)</sup>  | 777 | 779 |
| One Market Plaza Trust, Series 2017-1MKT, Class A, 3.614% 2/10/2032 <sup>(c)(d)</sup>  | 7505 | 7172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SDR Commercial Mortgage Trust, Series 2024-DSNY, Class A, (1-month USD CME Term SOFR + 1.392%) 5.351% <br> 5/15/2039 <sup>(c)(d)(f)</sup>  | 6371 | 6379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFO Commerical Mortgage Trust, Series 2021-555, Class A, (1-month USD CME Term SOFR + 1.264%) 5.223% <br> 5/15/2038 (1-month USD CME Term SOFR + 1.514% on 5/15/2026) <sup>(c)(d)(g)</sup>  | 15780 | 15699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFO Commerical Mortgage Trust, Series 2021-555, Class B, (1-month USD CME Term SOFR + 1.614%) 5.573% <br> 5/15/2038 <sup>(c)(d)(f)</sup>  | 500 | 497 |
| SG Commercial Mortgage Securities Trust, Series 2016-C5, Class A3, 2.779% 10/10/2048 <sup>(c)</sup>  | 673 | 671 |
| SREIT Trust, Series 2021-MFP, Class A, (1-month USD CME Term SOFR + 0.845%) 4.804% 11/15/2038 <sup>(c)(d)(f)</sup>  | 3630 | 3628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; StorageMart Commercial Mortgage Trust, Series 2022-MINI, Class A, (1-month USD CME Term SOFR + 1.00%) <br> 4.959% 1/15/2039 <sup>(c)(d)(f)</sup>  | 16312 | 16292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SWCH Commercial Mortgage Trust, Series 2025-DATA, Class A, (1-month USD CME Term SOFR + 1.443%) <br> 5.402% 2/15/2042 <sup>(c)(d)(f)</sup>  | 20328 | 20176 |
| UBS Commercial Mortgage Trust, Series 2017-C2, Class A4, 3.487% 8/15/2050 <sup>(c)</sup>  | 2954 | 2923 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-1918, Class A, 5.575% 9/15/2040 <sup>(c)(d)(f)</sup>  | 414 | 420 |
| Wells Fargo Commercial Mortgage Trust, Series 2016-C34, Class A4, 3.096% 6/15/2049 <sup>(c)</sup>  | 5160 | 5125 |
| Wells Fargo Commercial Mortgage Trust, Series 2017-C39, Class A5, 3.418% 9/15/2050 <sup>(c)</sup>  | 4681 | 4593 |
| Wells Fargo Commercial Mortgage Trust, Series 2017-C40, Class AS, 3.854% 10/15/2050 <sup>(c)(f)</sup>  | 1000 | 974 |
| Wells Fargo Commercial Mortgage Trust, Series 2024-5C1, Class AS, 6.52% 7/15/2057 <sup>(c)</sup>  | 410 | 432 |
| Wells Fargo Commercial Mortgage Trust, Series 2024-5C2, Class A3, 5.92% 11/15/2057 <sup>(c)(f)</sup>  | 2452 | 2593 |
| Wells Fargo Commercial Mortgage Trust, Series 2024-5C2, Class AS, 6.145% 11/15/2057 <sup>(c)(f)</sup>  | 3899 | 4108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WMRK Commercial Mortgage Trust, Series 2022-WMRK, Class A, (1-month USD CME Term SOFR + 2.789%) <br> 6.748% 11/15/2027 <sup>(c)(d)(f)</sup>  | 15121 | 15178 |
|  |  | 709982 |
| **Total mortgage-backed obligations** |  | 2602376 |

---

Short-Term Bond Fund of America — Page 27 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans 7.90%**<br> **Financials 3.91%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| American Express Co. 4.90% 2/13/2026  | USD1,250 | $1251 |
| American Express Co. 5.645% 4/23/2027 (USD-SOFR + 0.75% on 4/23/2026) <sup>(g)</sup>  | 18000 | 18112 |
| American Express Co. 4.731% 4/25/2029 (USD-SOFR + 1.26% on 4/25/2028) <sup>(g)</sup>  | 9000 | 9151 |
| American Express Co. 6.489% 10/30/2031 (USD-SOFR + 1.94% on 10/30/2030) <sup>(g)</sup>  | 4522 | 4964 |
| Bank of America Corp. 5.08% 1/20/2027 (USD-SOFR + 1.29% on 1/20/2026) <sup>(g)</sup>  | 2500 | 2503 |
| Bank of America Corp. 4.979% 1/24/2029 (USD-SOFR + 0.83% on 1/24/2028) <sup>(g)</sup>  | 5000 | 5094 |
| Bank of America Corp. 5.162% 1/24/2031 (USD-SOFR + 1.00% on 1/24/2030) <sup>(g)</sup>  | 11250 | 11672 |
| Bank of Montreal 4.567% 9/10/2027 (USD-SOFR + 0.88% on 9/10/2026) <sup>(g)</sup>  | 10000 | 10037 |
| BPCE SA 5.975% 1/18/2027 (USD-SOFR + 2.10% on 1/18/2026) <sup>(d)(g)</sup>  | 10000 | 10019 |
| Chubb INA Holdings, LLC 3.35% 5/3/2026  | 1275 | 1272 |
| Citibank, NA 4.929% 8/6/2026  | 3000 | 3016 |
| Citigroup, Inc. 4.786% 3/4/2029 (USD-SOFR + 0.87% on 3/4/2028) <sup>(g)</sup>  | 8100 | 8216 |
| Cooperatieve Rabobank UA 4.85% 1/9/2026  | 20000 | 20013 |
| Corebridge Global Funding 4.25% 8/21/2028 <sup>(d)</sup>  | 15000 | 15043 |
| Guardian Life Global Funding 0.875% 12/10/2025 <sup>(d)</sup>  | 8000 | 7993 |
| HSBC Holdings PLC 4.619% 11/6/2031 (USD-SOFR + 1.19% on 11/6/2030) <sup>(g)</sup>  | 4870 | 4903 |
| Intercontinental Exchange, Inc. 3.95% 12/1/2028  | 10000 | 10014 |
| JPMorgan Chase & Co. 5.571% 4/22/2028 (USD-SOFR + 0.93% on 4/22/2027) <sup>(g)</sup>  | 13000 | 13262 |
| JPMorgan Chase & Co. 4.851% 7/25/2028 (USD-SOFR + 1.99% on 7/25/2027) <sup>(g)</sup>  | 5000 | 5068 |
| JPMorgan Chase & Co. 4.505% 10/22/2028 (USD-SOFR + 0.86% on 10/22/2027) <sup>(g)</sup>  | 11295 | 11400 |
| JPMorgan Chase & Co. 5.299% 7/24/2029 (USD-SOFR + 1.45% on 7/24/2028) <sup>(g)</sup>  | 31000 | 31971 |
| JPMorgan Chase & Co. 5.012% 1/23/2030 (USD-SOFR + 1.31% on 1/23/2029) <sup>(g)</sup>  | 10000 | 10270 |
| JPMorgan Chase & Co. 4.603% 10/22/2030 (USD-SOFR + 1.04% on 10/22/2029) <sup>(g)</sup>  | 10644 | 10821 |
| JPMorgan Chase & Co. 4.255% 10/22/2031 (USD-SOFR + 0.93% on 10/22/2030) <sup>(g)</sup>  | 10000 | 10014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC 5.985% 8/7/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.48% on <br> 8/7/2026) <sup>(g)</sup>  | 15000 | 15182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC 5.462% 1/5/2028 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.375% on <br> 1/5/2027) <sup>(g)</sup>  | 1325 | 1344 |
| Mastercard, Inc. 4.10% 1/15/2028  | 15865 | 15985 |
| Mastercard, Inc. 4.55% 3/15/2028  | 6505 | 6625 |
| Met Tower Global Funding 1.25% 9/14/2026 <sup>(d)</sup>  | 10000 | 9794 |
| Metropolitan Life Global Funding I 5.00% 1/6/2026 <sup>(d)</sup>  | 10000 | 10009 |
| Metropolitan Life Global Funding I 1.875% 1/11/2027 <sup>(d)</sup>  | 16000 | 15644 |
| Metropolitan Life Global Funding I 4.40% 6/30/2027 <sup>(d)</sup>  | 5600 | 5637 |
| Morgan Stanley 5.652% 4/13/2028 (USD-SOFR + 1.01% on 4/13/2027) <sup>(g)</sup>  | 10000 | 10206 |
| Morgan Stanley 4.968% 7/14/2028 (USD-SOFR + 0.93% on 7/14/2027) <sup>(g)</sup>  | 10000 | 10143 |
| Morgan Stanley 4.133% 10/18/2029 (USD-SOFR + 0.913% on 10/18/2028) <sup>(g)</sup>  | 11500 | 11501 |
| Morgan Stanley 5.23% 1/15/2031 (USD-SOFR + 1.108% on 1/15/2030) <sup>(g)</sup>  | 5000 | 5173 |
| Morgan Stanley 4.356% 10/22/2031 (USD-SOFR + 1.074% on 10/22/2030) <sup>(g)</sup>  | 10000 | 10013 |
| National Australia Bank, Ltd. 5.087% 6/11/2027  | 2000 | 2038 |
| National Australia Bank, Ltd. 4.50% 10/26/2027  | 20000 | 20258 |
| New York Life Global Funding 0.85% 1/15/2026 <sup>(d)</sup>  | 8000 | 7968 |
| Northwestern Mutual Global Funding 0.80% 1/14/2026 <sup>(d)</sup>  | 7207 | 7178 |
| Northwestern Mutual Global Funding 4.11% 9/12/2027 <sup>(d)</sup>  | 2500 | 2509 |
| PNC Financial Services Group, Inc. 5.102% 7/23/2027 (USD-SOFR + 0.796% on 7/23/2026) <sup>(g)</sup>  | 12500 | 12570 |
| PNC Financial Services Group, Inc. 5.582% 6/12/2029 (USD-SOFR + 1.841% on 6/12/2028) <sup>(g)</sup>  | 2500 | 2592 |
| PNC Financial Services Group, Inc. 5.222% 1/29/2031 (USD-SOFR + 1.072% on 1/29/2030) <sup>(g)</sup>  | 5000 | 5188 |
| Royal Bank of Canada 4.965% 1/24/2029 (USD-SOFR + 0.83% on 1/24/2028) <sup>(g)</sup>  | 10000 | 10186 |
| Swedbank AB 6.136% 9/12/2026 <sup>(d)</sup>  | 20000 | 20325 |
| Toronto-Dominion Bank (The) 4.861% 1/31/2028  | 7500 | 7633 |
| Toronto-Dominion Bank (The) 4.783% 12/17/2029  | 6000 | 6153 |

---

Short-Term Bond Fund of America — Page 28 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Financials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Truist Financial Corp. 5.071% 5/20/2031 (USD-SOFR + 1.309% on 5/20/2030) <sup>(g)</sup>  | USD6,771 | $6971 |
| Wells Fargo & Co. 5.707% 4/22/2028 (USD-SOFR + 1.07% on 4/22/2027) <sup>(g)</sup>  | 13000 | 13280 |
|  |  | 488184 |
| **Consumer discretionary 1.29%** |  |  |
| Amazon.com, Inc. 3.90% 11/20/2028  | 7000 | 7029 |
| Amazon.com, Inc. 4.10% 11/20/2030  | 7000 | 7035 |
| American Honda Finance Corp. 4.80% 3/5/2030  | 16702 | 17078 |
| BMW US Capital, LLC 5.05% 3/21/2030 <sup>(d)</sup>  | 10000 | 10303 |
| Daimler Trucks Finance North America, LLC 5.15% 1/16/2026 <sup>(d)</sup>  | 1671 | 1673 |
| Daimler Trucks Finance North America, LLC 2.00% 12/14/2026 <sup>(d)</sup>  | 6525 | 6395 |
| Daimler Trucks Finance North America, LLC 5.00% 1/15/2027 <sup>(d)</sup>  | 3502 | 3537 |
| Daimler Trucks Finance North America, LLC 4.95% 1/13/2028 <sup>(d)</sup>  | 14843 | 15068 |
| Daimler Trucks Finance North America, LLC 5.40% 9/20/2028 <sup>(d)</sup>  | 6068 | 6261 |
| Hyundai Capital America 5.45% 6/24/2026 <sup>(d)</sup>  | 6226 | 6269 |
| Hyundai Capital America 5.275% 6/24/2027 <sup>(d)</sup>  | 10000 | 10170 |
| Hyundai Capital America 4.90% 6/23/2028 <sup>(d)</sup>  | 9396 | 9555 |
| Hyundai Capital America 4.25% 9/18/2028 <sup>(d)</sup>  | 5979 | 5977 |
| Hyundai Capital America 5.10% 6/24/2030 <sup>(d)</sup>  | 9390 | 9632 |
| Toyota Motor Credit Corp. 0.80% 1/9/2026  | 2500 | 2491 |
| Toyota Motor Credit Corp. 4.60% 1/8/2027  | 2500 | 2523 |
| Toyota Motor Credit Corp. 5.55% 11/20/2030  | 10055 | 10689 |
| Volkswagen Group of America Finance, LLC 4.95% 3/25/2027 <sup>(d)</sup>  | 9573 | 9653 |
| Volkswagen Group of America Finance, LLC 5.05% 3/27/2028 <sup>(d)</sup>  | 20000 | 20309 |
|  |  | 161647 |
| **Consumer staples 0.76%** |  |  |
| Mars, Inc. 4.45% 3/1/2027 <sup>(d)</sup>  | 8164 | 8221 |
| Mars, Inc. 4.60% 3/1/2028 <sup>(d)</sup>  | 24414 | 24733 |
| Mars, Inc. 4.80% 3/1/2030 <sup>(d)</sup>  | 25000 | 25619 |
| Mars, Inc. 5.00% 3/1/2032 <sup>(d)</sup>  | 7000 | 7238 |
| Philip Morris International, Inc. 4.875% 2/15/2028  | 2500 | 2548 |
| Philip Morris International, Inc. 4.00% 10/29/2030  | 9049 | 8970 |
| Procter & Gamble Co. 4.10% 1/26/2026  | 5254 | 5253 |
| Procter & Gamble Co. 1.00% 4/23/2026  | 2389 | 2362 |
| Walmart, Inc. 3.90% 4/15/2028  | 5000 | 5033 |
| Walmart, Inc. 4.00% 4/15/2030  | 5000 | 5062 |
|  |  | 95039 |
| **Communication services 0.43%** |  |  |
| Alphabet, Inc. 3.875% 11/15/2028  | 10000 | 10061 |
| Alphabet, Inc. 4.00% 5/15/2030  | 16775 | 16879 |
| Comcast Corp. 5.10% 6/1/2029  | 10000 | 10349 |
| Meta Platforms, Inc. 4.20% 11/15/2030  | 9704 | 9774 |
| SBA Tower Trust 1.631% 11/15/2026 <sup>(d)</sup>  | 6741 | 6571 |
|  |  | 53634 |
| **Information technology 0.41%** |  |  |
| Accenture Capital, Inc. 3.90% 10/4/2027  | 11500 | 11534 |
| Amphenol Corp. 3.80% 11/15/2027  | 800 | 799 |
| Amphenol Corp. 3.90% 11/15/2028  | 800 | 801 |
| Apple, Inc. 4.00% 5/10/2028  | 7500 | 7561 |

---

Short-Term Bond Fund of America — Page 29 of 36

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Information technology (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Cisco Systems, Inc. 4.80% 2/26/2027  | USD22,535 | $22805 |
| Microsoft Corp. 3.40% 6/15/2027  | 7500 | 7482 |
|  |  | 50982 |
| **Health care 0.40%** |  |  |
| AbbVie, Inc. 4.80% 3/15/2027  | 13000 | 13146 |
| AbbVie, Inc. 4.80% 3/15/2029  | 1250 | 1283 |
| Ascension Health 4.294% 11/15/2030  | 5101 | 5140 |
| Eli Lilly and Co. 5.00% 2/27/2026  | 1250 | 1250 |
| Eli Lilly and Co. 4.75% 2/12/2030  | 7945 | 8187 |
| Johnson & Johnson 4.50% 3/1/2027  | 16500 | 16671 |
| Novartis Capital Corp. 2.00% 2/14/2027  | 3656 | 3584 |
| Roche Holdings, Inc. 4.203% 9/9/2029 <sup>(d)</sup>  | 1112 | 1122 |
|  |  | 50383 |
| **Energy 0.25%** |  |  |
| Chevron USA, Inc. 4.687% 4/15/2030  | 9447 | 9695 |
| Enterprise Products Operating, LLC 4.60% 1/15/2031  | 6574 | 6672 |
| Qatar Energy 1.375% 9/12/2026 <sup>(d)</sup>  | 15000 | 14679 |
|  |  | 31046 |
| **Materials 0.24%** |  |  |
| BHP Billiton Finance (USA), Ltd. 4.875% 2/27/2026  | 8000 | 8012 |
| BHP Billiton Finance (USA), Ltd. 5.25% 9/8/2026  | 6000 | 6056 |
| EIDP, Inc. 4.50% 5/15/2026  | 5417 | 5417 |
| Rio Tinto Finance (USA) PLC 4.875% 3/14/2030  | 10000 | 10298 |
|  |  | 29783 |
| **Utilities 0.21%** |  |  |
| Florida Power & Light Co. 5.15% 6/15/2029  | 1000 | 1041 |
| Southern California Edison Co. 4.875% 2/1/2027  | 4885 | 4915 |
| Southern California Edison Co. 5.30% 3/1/2028  | 5100 | 5202 |
| Southern California Edison Co. 5.65% 10/1/2028  | 661 | 684 |
| Southern California Edison Co. 5.25% 3/15/2030  | 13900 | 14282 |
|  |  | 26124 |
| **Total corporate bonds, notes & loans** |  | 986822 |
| **Bonds & notes of governments & government agencies outside the U.S. 1.19%**<br> **Supra National 0.26%**<br>|  |  |
| Asian Development Bank 1.00% 4/14/2026  | 9599 | 9498 |
| Asian Development Bank 3.875% 9/28/2032  | 1163 | 1166 |
| Corporacion Andina de Fomento 5.00% 1/24/2029  | 7017 | 7250 |
| European Investment Bank 4.00% 2/15/2029  | 14700 | 14905 |
|  |  | 32819 |
| **Canada 0.25%** |  |  |
| CPPIB Capital, Inc. 0.875% 9/9/2026 <sup>(d)</sup> <br>| 10154 | 9936 |
| CPPIB Capital, Inc. 4.375% 1/30/2027 <sup>(d)</sup> <br>| 1702 | 1714 |
| CPPIB Capital, Inc. 4.25% 7/20/2028 <sup>(d)</sup> <br>| 2393 | 2431 |
| Ontario Teachers' Finance Trust 0.875% 9/21/2026 <sup>(d)</sup> <br>| 6173 | 6033 |
| Ontario Teachers' Finance Trust 3.00% 4/13/2027 <sup>(d)</sup> <br>| 8000 | 7926 |
| Saskatchewan (Province of) 3.25% 6/8/2027  | 3364 | 3341 |
|  |  | 31381 |

---

Short-Term Bond Fund of America — Page 30 of 36

------

**unaudited**

---

| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Bonds & notes of governments & government agencies outside the U.S. (continued)**<br> **Saudi Arabia 0.22%**<br>|  | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Saudi Arabia (Kingdom of) 3.25% 10/26/2026  |  | USD2,000 | $1987 |
| Saudi Arabia (Kingdom of) 4.25% 9/9/2030 <sup>(d)</sup> <br>|  | 25345 | 25359 |
|  |  |  | 27346 |
| **United Arab Emirates 0.12%** |  |  |  |
| Abu Dhabi (Emirate of) 3.125% 10/11/2027 <sup>(d)</sup> <br>|  | 15000 | 14853 |
| **Sweden 0.09%** |  |  |  |
| Sweden (Kingdom of) 4.375% 1/30/2026 <sup>(d)</sup> <br>|  | 8840 | 8845 |
| Swedish Export Credit Corp. 4.375% 2/13/2026  |  | 2660 | 2661 |
|  |  |  | 11506 |
| **Kuwait 0.08%** |  |  |  |
| Kuwait (State of) 4.016% 10/9/2028 <sup>(d)</sup> <br>|  | 10100 | 10108 |
| **Japan 0.08%** |  |  |  |
| Japan Bank for International Cooperation 4.25% 1/26/2026  |  | 9626 | 9629 |
| **France 0.07%** |  |  |  |
| Caisse d'Amortissement de la Dette Sociale 4.00% 1/25/2026 <sup>(d)</sup> <br>|  | 9184 | 9183 |
| **Chile 0.02%** |  |  |  |
| Chile (Republic of) 4.85% 1/22/2029  |  | 1855 | 1896 |
| **Total bonds & notes of governments & government agencies outside the U.S.** |  |  | 148721 |
| **Total bonds, notes & other debt instruments** (cost: $11,575,699,000) |  |  | 11628453 |
| Short-term securities 7.66%<br> **Money market investments 7.65%**<br>|  | Shares |  |
| Capital Group Central Cash Fund 3.94% <sup>(j)(k)</sup>  | Capital Group Central Cash Fund 3.94% <sup>(j)(k)</sup>  | 9561128 | 956017 |
| **Asset-backed obligations 0.01%** | Coupon rate | Principal amount<br> (000)<br>|  |
| PEAC Solutions Receivables, LLC 2/20/2026 <sup>(c)(d)</sup> <br>| 4.592<br> %<br>| USD806 | 806 |
| **Total short-term securities** (cost: $956,851,000) |  |  | 956823 |
| Options purchased (equity style) 0.00% |  |  |  |
| Options purchased (equity style)\* |  |  | 234 |
| **Total options purchased (equity style)** (cost: $951,000) |  |  | 234 |
| **Total investment securities 100.74%** (cost: $12,533,501,000) |  |  | 12585510 |
| Total options written (equity style) <sup>†</sup> 0.00% (premium received: $133,000) |  |  | (97)<br>|
| Other assets less liabilities (0.74)% |  |  | (92724)<br>|
| **Net assets 100.00%** |  |  | $12492689 |

---

Short-Term Bond Fund of America — Page 31 of 36

------

**unaudited**

<sup>\*</sup>Options purchased (equity style)

------

**Options on futures** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercise <br>price<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>11/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| **Call** |  |  |  |  |  |
| 3 Month SOFR Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD97.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD141,000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $4 |
| 3 Month SOFR Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1162500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| 3 Month SOFR Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96.63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $205 |
| **Put** |  |  |  |  |  |
| 3 Month SOFR Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD95.69 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD1,162,500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $29 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $234 |

---

<sup>†</sup>Options written (equity style)

------

**Options on futures** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercise <br>price<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>11/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| **Call** |  |  |  |  |  |
| 3 Month SOFR Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD96.81 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD(300,000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(97)<br>|

---

Futures contracts

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 11/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 30 Day Federal Funds Futures | Long | 566 | 2/2/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD227,232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $11 |
| 30 Day Federal Funds Futures | Long | 565 | 3/2/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120 |
| 3 Month SOFR Futures | Long | 6 | 3/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 |
| 3 Month SOFR Futures | Long | 447 | 9/16/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (100)<br>|
| 3 Month SOFR Futures | Short | 311 | 9/20/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (75278)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (11)<br>|
| 2 Year U.S. Treasury Note Futures | Long | 28278 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5906125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 465 |
| 5 Year U.S. Treasury Note Futures | Short | 3447 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (378362)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144 |
| 10 Year U.S. Treasury Note Futures | Short | 4192 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (475137)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 537 |
| 10 Year Ultra U.S. Treasury Note Futures | Short | 5183 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (602281)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4227)<br>|
| 20 Year U.S. Treasury Bond Futures | Short | 229 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (26893)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72 |
| 30 Year Ultra U.S. Treasury Bond Futures | Short | 314 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (37974)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (194)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(3182)<br>|

---

Short-Term Bond Fund of America — Page 32 of 36

------

**unaudited**

Swap contracts

------

**Interest rate swaps**

**Centrally cleared interest rate swaps** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>11/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 11/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| Rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>11/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 11/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| 3.948% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11/6/2026 | USD19,000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $70 |
| SOFR | Annual | 3.2845% | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/15/2027 | 442000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| 3.8825% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/7/2028 | 16590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 |
| SOFR | Annual | 3.878% | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/6/2033 | 12070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (332)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (332)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $55 |

---

Investments in affiliates <sup>(k)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>9/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>11/30/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Short-term securities 7.65%** | **Short-term securities 7.65%** | **Short-term securities 7.65%** | **Short-term securities 7.65%** | **Short-term securities 7.65%** | **Short-term securities 7.65%** | **Short-term securities 7.65%** | **Short-term securities 7.65%** |
| **Money market investments 7.65%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Group Central Cash Fund 3.94% <sup>(j)</sup> <br>| $1608255 | &nbsp;&nbsp; $1102032 | &nbsp;&nbsp; $1754005 | &nbsp;&nbsp; $16 | &nbsp;&nbsp; $(281)<br>| &nbsp;&nbsp; $956017 | &nbsp;&nbsp; $16139 |

---

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

<sup>(a)</sup> All or a portion of this security was pledged as collateral. The total value of pledged collateral was $38,017,000, which represented 0.30% of the net assets of the fund. 

<sup>(b)</sup> Index-linked bond whose principal amount moves with a government price index. 

<sup>(c)</sup> Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

<sup>(d)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $4,246,492,000, which represented 33.99% of the net assets of the fund. 

<sup>(e)</sup> Scheduled interest and/or principal payment was not received.

<sup>(f)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. 

<sup>(g)</sup> Step bond; coupon rate may change at a later date.

<sup>(h)</sup> Amount less than one thousand.

<sup>(i)</sup> Represents securities transacted on a TBA basis.

<sup>(j)</sup> Rate represents the seven-day yield at 11/30/2025.

<sup>(k)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

Short-Term Bond Fund of America — Page 33 of 36

------

**unaudited**

Valuation disclosures

------

Capital Research and Management Company ("CRMC"), the fund's investment adviser, values the fund's investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers.

**Methods and inputs** — The fund's investment adviser uses the following methods and inputs to establish the fair value of the fund's assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.

---

| | |
|:---|:---|
| **Fixed-income class** | **Examples of standard inputs** |
| &nbsp;&nbsp;&nbsp;&nbsp; All | &nbsp;&nbsp;&nbsp; Benchmark yields, transactions, bids, offers, quotations from dealers and <br> trading systems, new issues, spreads and other relationships observed in <br> the markets among comparable securities; and proprietary pricing <br> models such as yield measures calculated using factors such as cash flows, <br> financial or collateral performance and other reference data (collectively <br> referred to as "standard inputs")<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
| &nbsp;&nbsp;&nbsp;&nbsp; Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed; asset-backed obligations | &nbsp;&nbsp;&nbsp; Standard inputs and cash flows, prepayment information, default rates, <br> delinquency and loss assumptions, collateral characteristics, credit <br> enhancements and specific deal information<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal securities | &nbsp;&nbsp;&nbsp; Standard inputs and, for certain distressed securities, cash flows or <br> liquidation values using a net present value calculation based on inputs <br> that include, but are not limited to, financial statements and debt contracts<br>|

---

The Capital Group Central Cash Fund ("CCF"), a fund within the Capital Group Central Fund Series ("Central Funds"), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF's portfolio securities. The underlying securities are valued based on the policies and procedures in CCF's statement of additional information. Exchange-traded options and futures are generally valued at the official closing price for options and official settlement price for futures on the exchange or market on which such instruments are traded, as of the close of business on the day such instruments are being valued. The average month-end notional amount of options on futures while held was $3,030,383,000. The average month-end notional amount of futures contracts while held was $7,327,513,000. Swaps are generally valued using evaluated prices obtained from third-party pricing vendors who calculate these values based on market inputs that may include the yields of the indices referenced in the instrument and the relevant curve, dealer quotes, default probabilities and recovery rates, and terms of the contract. The average month-end notional amounts of interest rate swaps while held were $173,010,000.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund's investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund's investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

Short-Term Bond Fund of America — Page 34 of 36

------

**unaudited**

**Processes and structure** — The fund's board of trustees has designated the fund's investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the "Committee") to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund's board and audit committee also regularly review reports that describe fair value determinations and methods.

**Classifications** — The fund's investment adviser classifies the fund's assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The fund's valuation levels as of November 30, 2025, were as follows (dollars in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Investment securities | Investment securities | Investment securities | Investment securities |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, notes & other debt instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury bonds & notes | $— | $4648235 | $— | $4648235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-backed obligations |  | 3242299 |  | 3242299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed obligations |  | 2602376 |  | 2602376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds, notes & loans |  | 986822 |  | 986822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds & notes of governments & government agencies <br> outside the U.S.<br>|  | 148721 |  | 148721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term securities  | 956017 | 806 |  | 956823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options purchased on futures (equity style) | 234 |  |  | 234 |
| Total | $956251 | $11629259 | $— | $12585510 |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Other investments\* | Other investments\* | Other investments\* | Other investments\* |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on futures contracts | $1350 | $— | $— | $1350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on centrally cleared interest rate swaps |  | 387 |  | 387 |
| **Liabilities:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value of options written (equity style)  | (97)<br>|  |  | (97)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on futures contracts | (4532)<br>|  |  | (4532)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on centrally cleared interest rate swaps |  | (332)<br>|  | (332)<br>|
| Total  | $(3279)<br>| $55 | $— | $(3224)<br>|

---

\*

Options written, futures contracts and interest rate swaps are not included in the fund's investment portfolio.

Short-Term Bond Fund of America — Page 35 of 36

------

**unaudited**

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

---

| |
|:---|
| **Key to abbreviation(s)** |
| Assn. = Association |
| CLO = Collateralized Loan Obligations |
| CME = CME Group |
| CMO = Collateralized Mortgage Obligations |
| DAC = Designated Activity Company |
| SOFR = Secured Overnight Financing Rate |
| TBA = To be announced |
| USD = U.S. dollars |
| UST = U.S. Treasury |

---

**Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.**

**Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.**

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Capital Client Group, Inc., member FINRA.© 2026 Capital Group. All rights reserved.

MFGEFP1-048-0126

Short-Term Bond Fund of America — Page 36 of 36

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Short-Term Bond Fund of America

- **b. Investment Company Act file number:** 811-21928

- **c. CIK number of Registrant:** 0001368040

- **d. LEI of Registrant:** P0F9XIISTZ8DB31ZU527

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

  - **Street Address 1:** 333 South Hope Street

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071-1406

  - **Telephone number:** 9499755000

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

- **a. Name of Series:** Short-Term Bond Fund of America

- **b. EDGAR series identifier (if any):** S000013585

- **c. LEI of Series:** P0F9XIISTZ8DB31ZU527

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $12818996835.70

**Total Liabilities:** $366286216.20

**Net Assets:** $12452710619.50

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -36056.550000000000 | **1-Year:** -381271.220000000000 | **5-Year:** -331329.840000000000 | **10-Year:** -113023.930000000000 | **30-Year:** -45274.480000000000

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

- **3-Month:** -3245.980000000000 | **1-Year:** -42150.370000000000 | **5-Year:** -45326.650000000000 | **10-Year:** -75608.440000000000 | **30-Year:** -24614.610000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000036818 | 0.21%                | 0.32%                | 0.41%                |
| Class ID C000036819 | 0.22%                | 0.32%                | 0.41%                |
| Class ID C000036820 | 0.22%                | 0.32%                | 0.41%                |
| Class ID C000036821 | 0.23%                | 0.34%                | 0.42%                |
| Class ID C000036822 | 0.15%                | 0.26%                | 0.35%                |
| Class ID C000036823 | 0.16%                | 0.16%                | 0.36%                |
| Class ID C000036824 | 0.19%                | 0.30%                | 0.39%                |
| Class ID C000036825 | 0.22%                | 0.33%                | 0.41%                |
| Class ID C000036826 | 0.24%                | 0.25%                | 0.44%                |
| Class ID C000037879 | 0.15%                | 0.16%                | 0.35%                |
| Class ID C000037881 | 0.15%                | 0.15%                | 0.35%                |
| Class ID C000037882 | 0.20%                | 0.20%                | 0.39%                |
| Class ID C000068533 | 0.24%                | 0.35%                | 0.43%                |
| Class ID C000077916 | 0.25%                | 0.35%                | 0.33%                |
| Class ID C000148417 | 0.18%                | 0.19%                | 0.38%                |
| Class ID C000164812 | 0.23%                | 0.24%                | 0.43%                |
| Class ID C000180010 | 0.25%                | 0.25%                | 0.44%                |
| Class ID C000189523 | 0.23%                | 0.24%                | 0.43%                |
| Class ID C000189524 | 0.24%                | 0.24%                | 0.43%                |
| Class ID C000224563 | 0.24%                | 0.24%                | 0.43%                |
| Class ID C000224564 | 0.24%                | 0.24%                | 0.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3620743.33              | $-7454275.77                               |
| Month 2  | $-206896.32              | $-1973278.22                               |
| Month 3  | $-1675435.31             | $16008092.27                               |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Government/Credit (1-3 years, ex BBB) Index

- **Index Identifier:** BGCBTRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TCW CLO LTD TCW_19-1R                                             | TCW 2019-1A AJR CLO 144A FRN 08-16-34                                            | CUSIP: 87241EAS4<br>LEI: 549300RWQDI4UTTLDE63 | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $999690.00    | 0.01%             | 2034-08-16      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_18-2                               | TPMT 2018-2 A2 144A FRN 03-25-58                                                 | CUSIP: 89175VAB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3500000 | PA      | $3427014.50   | 0.03%             | 2058-03-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| TRINITAS CLO LTD TRNTS_20-12                                      | TRNTS 2020-12A A1R2 CLO 144A FRN 04-25-33                                        | CUSIP: 89641GAY8<br>LEI: 254900G1XMKSN9WBVL66 | Long             | ABS-O            | CORP              | US        |  20558818 | PA      | $20585955.72  | 0.17%             | 2033-04-25      | Variable      | 4.91%                 | Yes           |                  2 | On Loan: No      |
| TACLN 2025-1                                                      | TACLN 2025-1 B 144A 4.728% 09-26-33                                              | CUSIP: 897926CB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  17511921 | PA      | $17536262.21  | 0.14%             | 2033-09-26      | Fixed         | 4.73%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST WLAKE_23-3                  | WLAKE 2023-3A A3 144A 5.82% 05-17-27                                             | CUSIP: 96041CAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    144382 | PA      | $144493.49    | 0.00%             | 2027-05-17      | Fixed         | 5.82%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST WLAKE_23-4                  | WLAKE 2023-4A A3 144A 6.24% 07-15-27                                             | CUSIP: 96041AAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8504495 | PA      | $8523128.32   | 0.07%             | 2027-07-15      | Fixed         | 6.24%                 | Yes           |                  2 | On Loan: No      |
| WFLOOR 2024-1A                                                    | WFLOOR 2024-1A A 144A 5.43% 02-15-28                                             | CUSIP: 96043GAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1341000 | PA      | $1344314.95   | 0.01%             | 2028-02-15      | Fixed         | 5.43%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2024-1A                                                     | WLAKE 2024-1A B 144A 5.55% 11-15-27                                              | CUSIP: 96043RAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3739000 | PA      | $3758068.90   | 0.03%             | 2027-11-15      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2024-1A                                                     | WLAKE 2024-1A C 144A 5.65% 02-15-29                                              | CUSIP: 96043RAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2617000 | PA      | $2642939.70   | 0.02%             | 2029-02-15      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2024-1A                                                     | WLAKE 2024-1A A3 144A 5.44% 05-17-27                                             | CUSIP: 96043RAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1717951 | PA      | $1719648.63   | 0.01%             | 2027-05-17      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| WORLD FINANCIAL NETWORK CREDIT CARD MASTER NOTE TRUST WFNMT_24-A  | WFNMT 2024-A A 5.47% 02-15-31                                                    | CUSIP: 981464HR4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5394000 | PA      | $5503045.10   | 0.04%             | 2031-02-15      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| WLAKE 2024-2A                                                     | WLAKE 2024-2A B 144A 5.62% 03-15-30                                              | CUSIP: 96042YAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2775000 | PA      | $2802458.63   | 0.02%             | 2030-03-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| WOSAT 2024-A                                                      | WOSAT 2024-A A2A 5.37% 02-15-28                                                  | CUSIP: 98164LAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1016478 | PA      | $1017537.30   | 0.01%             | 2028-02-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| WFNMT 2024-B                                                      | WFNMT 2024-B A 4.62% 05-15-31                                                    | CUSIP: 981464HU7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15181000 | PA      | $15340051.34  | 0.12%             | 2031-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WEF 2024-1A                                                       | WEF 2024-1A A2 144A 4.99% 09-20-32                                               | CUSIP: 97415AAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3618666 | PA      | $3638782.63   | 0.03%             | 2032-09-20      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| WHEELS FLEET LEASE FUNDING LLC WFLF_24-2                          | WFLF 2024-2A A1 144A 4.87% 06-21-39                                              | CUSIP: 96328GBT3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10995115 | PA      | $11089035.35  | 0.09%             | 2039-06-21      | Fixed         | 4.87%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2024-3A                                                     | WLAKE 2024-3A A2A 144A 4.82% 09-15-27                                            | CUSIP: 96043CAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4964756 | PA      | $4971522.80   | 0.04%             | 2027-09-15      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2024-3A                                                     | WLAKE 2024-3A A3 144A 4.71% 04-17-28                                             | CUSIP: 96043CAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5049000 | PA      | $5065888.91   | 0.04%             | 2028-04-17      | Fixed         | 4.71%                 | Yes           |                  2 | On Loan: No      |
| ACAR 2024-4                                                       | ACAR 2024-4 A 144A 4.81% 03-13-28                                                | CUSIP: 024945AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    611355 | PA      | $611637.76    | 0.00%             | 2028-03-13      | Fixed         | 4.81%                 | Yes           |                  2 | On Loan: No      |
| WHEELS FLEET LEASE FUNDING LLC WFLF_24-3                          | WFLF 2024-3A A1 144A 4.8% 09-19-39                                               | CUSIP: 96328GBZ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8165870 | PA      | $8235581.92   | 0.07%             | 2039-09-19      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2025-1                                                      | WLAKE 2025-1A B 144A 4.98% 09-16-30                                              | CUSIP: 96043VAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    388000 | PA      | $391351.93    | 0.00%             | 2030-09-16      | Fixed         | 4.98%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2025-1                                                      | WLAKE 2025-1A A2A 144A 4.66% 01-18-28                                            | CUSIP: 96043VAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11520831 | PA      | $11541187.83  | 0.09%             | 2028-01-18      | Fixed         | 4.66%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2025-P1                                                     | WLAKE 2025-P1 A2 144A 4.65% 02-15-28                                             | CUSIP: 96043LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8952000 | PA      | $8975096.16   | 0.07%             | 2028-02-15      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                               | AMERICAN EXPRESS CO SR UNSEC 4.731% 04-25-29/28                                  | CUSIP: 025816ED7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $9150903.00   | 0.07%             | 2029-04-25      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                      | ALPHABET INC SR UNSEC 4.0% 05-15-30                                              | CUSIP: 02079KAK3<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |  16775000 | PA      | $16878954.68  | 0.14%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                                                     | AMPHENOL CORP SR UNSEC 3.9% 11-15-28                                             | CUSIP: 032095AX9<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    800000 | PA      | $800491.20    | 0.01%             | 2028-11-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                          | MARS INC 144A LIFE SR UNSEC 4.8% 03-01-30                                        | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25619250.00  | 0.21%             | 2030-03-01      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                                          | MARS INC 144A LIFE SR UNSEC 5.0% 03-01-32                                        | CUSIP: 571676AZ8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7238007.00   | 0.06%             | 2032-03-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                    | MORGAN STANLEY SR UNSEC 4.356% 10-22-31/30                                       | CUSIP: 61748UAM4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10012960.00  | 0.08%             | 2031-10-22      | Variable      | 4.36%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                    | MORGAN STANLEY SR UNSEC 4.133% 10-18-29/28                                       | CUSIP: 61748UAK8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  11500000 | PA      | $11501104.00  | 0.09%             | 2029-10-18      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                | META PLATFORMS INC SR UNSEC 4.2% 11-15-30                                        | CUSIP: 30303MAB8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   9704000 | PA      | $9773597.09   | 0.08%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MET TOWER GLOBAL FUNDING                                          | MET TOWER GLOBAL FUNDING GIC 144A LIFE SR SEC 1ST LIEN 1.25% 09-14-26            | CUSIP: 58989V2D5<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9793900.00   | 0.08%             | 2026-09-14      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| METROPOLITAN LIFE GLOBAL FUNDING I                                | METROPOLITAN LIFE GLOBAL FUNDING I GIC 144A LIFE SR SEC 1ST LIEN 1.875% 01-11-27 | CUSIP: 59217GER6<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |  16000000 | PA      | $15643536.00  | 0.13%             | 2027-01-11      | Fixed         | 1.88%                 | Yes           |                  2 | On Loan: No      |
| METROPOLITAN LIFE GLOBAL FUNDING I                                | METROPOLITAN LIFE GLOBAL FUNDING I GIC 144A LIFE SR SEC 1ST LIEN 4.4% 06-30-27   | CUSIP: 59217GFB0<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   5600000 | PA      | $5637212.00   | 0.05%             | 2027-06-30      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| METROPOLITAN LIFE GLOBAL FUNDING I                                | METROPOLITAN LIFE GLOBAL FUNDING I GIC 144A LIFE SR SEC 1ST LIEN 5.0% 01-06-26   | CUSIP: 592179KD6<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10009230.00  | 0.08%             | 2026-01-06      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK LTD (NEW YORK BRANCH)                     | NATIONAL AUSTRALIA BANK LTD SR UNSEC 5.087% 06-11-27                             | CUSIP: 63253QAJ3<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2038274.00   | 0.02%             | 2027-06-11      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLOBAL FUNDING                                | NORTHWESTERN MUTUAL GLOBAL FUNDING GIC 144A LIFE SR SEC 1ST LIEN 4.11% 09-12-27  | CUSIP: 66815L2T5<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2509227.50   | 0.02%             | 2027-09-12      | Fixed         | 4.11%                 | Yes           |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK LTD (NEW YORK BRANCH)                     | NATIONAL AUSTRALIA BANK LTD SR UNSEC 4.5% 10-26-27                               | CUSIP: 632525CA7<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20257460.00  | 0.16%             | 2027-10-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                             | TRUIST FINANCIAL CORP SR UNSEC 5.071% 05-20-31/30                                | CUSIP: 89788MAU6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   6771000 | PA      | $6971028.88   | 0.06%             | 2031-05-20      | Variable      | 5.07%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                                             | NOVARTIS CAPITAL CORP SR UNSEC 2.0% 02-14-27                                     | CUSIP: 66989HAQ1<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |   3656000 | PA      | $3583819.59   | 0.03%             | 2027-02-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLOBAL FUNDING                                | NORTHWESTERN MUTUAL GLOBAL FUNDING GIC 144A LIFE SR SEC 1ST LIEN 0.8% 01-14-26   | CUSIP: 66815L2A6<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |   7207000 | PA      | $7178438.66   | 0.06%             | 2026-01-14      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FUNDING                                      | NEW YORK LIFE GLOBAL FUNDING GIC 144A LIFE SR SEC 1ST LIEN 0.85% 01-15-26        | CUSIP: 64952WDW0<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7968392.00   | 0.06%             | 2026-01-15      | Fixed         | 0.85%                 | Yes           |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC                                  | PNC FINANCIAL SERVICES GROUP INC SR UNSEC 5.102% 07-23-27/26                     | CUSIP: 693475BY0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12570012.50  | 0.10%             | 2027-07-23      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC                                  | PNC FINANCIAL SERVICES GROUP INC SR UNSEC 5.222% 01-29-31/30                     | CUSIP: 693475CB9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5187475.00   | 0.04%             | 2031-01-29      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                   | PHILIP MORRIS INTERNATIONAL INC SR UNSEC 4.0% 10-29-30                           | CUSIP: 718172DY2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   9049000 | PA      | $8969631.22   | 0.07%             | 2030-10-29      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO                                               | PROCTER & GAMBLE CO SR UNSEC 1.0% 04-23-26                                       | CUSIP: 742718FP9<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |   2389000 | PA      | $2361911.13   | 0.02%             | 2026-04-23      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO                                               | PROCTER & GAMBLE CO SR UNSEC 4.1% 01-26-26                                       | CUSIP: 742718FY0<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |   5254000 | PA      | $5252938.69   | 0.04%             | 2026-01-26      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                   | PHILIP MORRIS INTERNATIONAL INC SR UNSEC 4.875% 02-15-28                         | CUSIP: 718172CZ0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2548182.50   | 0.02%             | 2028-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC                                  | PNC FINANCIAL SERVICES GROUP INC SR UNSEC 5.582% 06-12-29/28                     | CUSIP: 693475BR5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2592412.50   | 0.02%             | 2029-06-12      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| QATAR ENERGY                                                      | QATARENERGY 144A LIFE SR UNSEC 1.375% 09-12-26                                   | CUSIP: 74730DAB9<br>LEI: 254900QTESJKJ3P87J26 | Long             | DBT              | CORP              | QA        |  15000000 | PA      | $14679345.00  | 0.12%             | 2026-09-12      | Fixed         | 1.38%                 | Yes           |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                                | ROCHE HOLDINGS INC 144A LIFE SR UNSEC 4.203% 09-09-29                            | CUSIP: 771196CP5<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |   1112000 | PA      | $1122471.70   | 0.01%             | 2029-09-09      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                              | ROYAL BANK OF CANADA SR UNSEC 4.965% 01-24-29/28                                 | CUSIP: 78017DAA6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $10186190.00  | 0.08%             | 2029-01-24      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FINANCE (USA) PLC                                       | RIO TINTO FINANCE USA PLC SR UNSEC 4.875% 03-14-30                               | CUSIP: 76720AAS5<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |  10000000 | PA      | $10297410.00  | 0.08%             | 2030-03-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                     | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 5.25% 03-15-30                     | CUSIP: 842400JJ3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |  13900000 | PA      | $14282180.50  | 0.11%             | 2030-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                     | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 5.3% 03-01-28                      | CUSIP: 842400HU0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   5100000 | PA      | $5202147.90   | 0.04%             | 2028-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                                       | SWEDBANK AB 144A LIFE SR NON PREF 6.136% 09-12-26                                | CUSIP: 87020PAX5<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |  20000000 | PA      | $20325220.00  | 0.16%             | 2026-09-12      | Fixed         | 6.14%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                     | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 5.65% 10-01-28                     | CUSIP: 842400HY2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    661000 | PA      | $684369.66    | 0.01%             | 2028-10-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                     | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 4.875% 02-01-27                    | CUSIP: 842400JA2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   4885000 | PA      | $4915042.75   | 0.04%             | 2027-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK/THE                                         | TORONTO-DOMINION BANK SR UNSEC 4.783% 12-17-29                                   | CUSIP: 89115A3C4<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   6000000 | PA      | $6152490.00   | 0.05%             | 2029-12-17      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                          | TOYOTA MOTOR CREDIT CORP SR UNSEC 4.6% 01-08-27                                  | CUSIP: 89236TMY8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2523410.00   | 0.02%             | 2027-01-08      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK/THE                                         | TORONTO-DOMINION BANK SR UNSEC 4.861% 01-31-28                                   | CUSIP: 89115A3E0<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   7500000 | PA      | $7632960.00   | 0.06%             | 2028-01-31      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                          | TOYOTA MOTOR CREDIT CORP SR UNSEC 0.8% 01-09-26                                  | CUSIP: 89236THW8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2491205.00   | 0.02%             | 2026-01-09      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                          | TOYOTA MOTOR CREDIT CORP SR UNSEC 5.55% 11-20-30                                 | CUSIP: 89236TLE3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  10055000 | PA      | $10688937.59  | 0.09%             | 2030-11-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC                           | VOLKSWAGEN GROUP OF AMERICA FINANCE LLC 144A LIFE SR UNSEC 5.05% 03-27-28        | CUSIP: 928668CP5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20309420.00  | 0.16%             | 2028-03-27      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC                           | VOLKSWAGEN GROUP OF AMERICA FINANCE LLC 144A LIFE SR UNSEC 4.95% 03-25-27        | CUSIP: 928668CN0<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   9573000 | PA      | $9652532.48   | 0.08%             | 2027-03-25      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & CO                                                  | WELLS FARGO & CO SR UNSEC 5.707% 04-22-28/27                                     | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  13000000 | PA      | $13279513.00  | 0.11%             | 2028-04-22      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                                       | WALMART INC SR UNSEC 3.9% 04-15-28                                               | CUSIP: 931142FB4<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5032590.00   | 0.04%             | 2028-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                                       | WALMART INC SR UNSEC 4.0% 04-15-30                                               | CUSIP: 931142FC2<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5062440.00   | 0.04%             | 2030-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAISSE AMORTISSEMENT DE LA DETTE SOCIALE                          | CADES 144A LIFE SR UNSEC 4.0% 01-25-26                                           | CUSIP: 12802D2L9<br>LEI: 969500P04DQJS4BPM574 | Long             | DBT              | USGA              | FR        |   9184000 | PA      | $9183145.89   | 0.07%             | 2026-01-25      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CPPIB CAPITAL INC                                                 | CPPIB CAPITAL 144A LIFE SR UNSEC 4.25% 07-20-28                                  | CUSIP: 22411VAZ1<br>LEI: 549300KW9NB55HTDK075 | Long             | DBT              | USGA              | CA        |   2393000 | PA      | $2430827.11   | 0.02%             | 2028-07-20      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CPPIB CAPITAL INC                                                 | CPPIB CAPITAL 144A LIFE SR UNSEC 4.375% 01-30-27                                 | CUSIP: 22411VBA5<br>LEI: 549300KW9NB55HTDK075 | Long             | DBT              | USGA              | CA        |   1702000 | PA      | $1714184.28   | 0.01%             | 2027-01-30      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| CPPIB CAPITAL INC                                                 | CPPIB CAPITAL 144A LIFE SR UNSEC 0.875% 09-09-26                                 | CUSIP: 22411VAU2<br>LEI: 549300KW9NB55HTDK075 | Long             | DBT              | USGA              | CA        |  10154000 | PA      | $9936065.71   | 0.08%             | 2026-09-09      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| JAPAN BANK FOR INTERNATIONAL COOPERATION                          | JBIC GLOBAL SR UNSEC 4.25% 01-26-26                                              | CUSIP: 471048CV8<br>LEI: 549300TJ3QFYVCTSCJ29 | Long             | DBT              | USGA              | JP        |   9626000 | PA      | $9628839.67   | 0.08%             | 2026-01-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE SECURITIES LLC BBCMS_23-5C23         | BBCMS 2023-5C23 AS FRN 12-15-56                                                  | CUSIP: 05493QAD7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    388000 | PA      | $416512.57    | 0.00%             | 2056-12-15      | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| BMARK 2024-V5                                                     | BMARK 2024-V5 AM FRN 01-10-57                                                    | CUSIP: 08163XBA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    672000 | PA      | $702991.30    | 0.01%             | 2057-01-10      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| BMO 2024-5C3                                                      | BMO 2024-5C3 AS FRN 02-15-57                                                     | CUSIP: 09660QAW4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2244000 | PA      | $2343494.47   | 0.02%             | 2057-02-15      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| BLP COMMERICAL MORTGAGE TRUST BLP_24-IND2                         | BLP 2024-IND2 A 144A FRN 03-15-41                                                | CUSIP: 05625AAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4962367 | PA      | $4967428.74   | 0.04%             | 2041-03-15      | Variable      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST BX_24-CNYN                                               | BX 2024-CNYN A 144A FRN 04-15-41                                                 | CUSIP: 05612HAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5264119 | PA      | $5270009.27   | 0.04%             | 2041-04-15      | Variable      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_23-NQM8                     | BRAVO 2023-NQM8 A1 144A 6.394% 10-25-63                                          | CUSIP: 10567MAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1493709 | PA      | $1507773.29   | 0.01%             | 2063-10-25      | Variable      | 6.39%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_24-KING                           | BX 2024-KING A 144A FRN 05-15-34                                                 | CUSIP: 05612RAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3493015 | PA      | $3497273.11   | 0.03%             | 2034-05-15      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| BMARK 2024-V7                                                     | BMARK 2024-V7 A3 FRN 05-15-56                                                    | CUSIP: 08163YAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4348000 | PA      | $4605519.00   | 0.04%             | 2056-05-15      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| BMARK 2024-V8                                                     | BMARK 2024-V8 A3 FRN 07-15-57                                                    | CUSIP: 08190AAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1987000 | PA      | $2106905.52   | 0.02%             | 2057-07-15      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| BX 2024-AIRC                                                      | BX 2024-AIRC A 144A FRN 08-15-41                                                 | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14446428 | PA      | $14484624.65  | 0.12%             | 2041-08-15      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| BX 2024-BIO2                                                      | BX 2024-BIO2 A 144A FRN 08-13-41                                                 | CUSIP: 05613GAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  21410000 | PA      | $21768317.76  | 0.17%             | 2041-08-13      | Variable      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| BMO 2024-5C5                                                      | BMO 2024-5C5 AS FRN 02-15-57                                                     | CUSIP: 05593RAF9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3940000 | PA      | $4147543.44   | 0.03%             | 2057-02-15      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| BOCA 2024-BOCA                                                    | BOCA 2024-BOCA A 144A FRN 08-15-41                                               | CUSIP: 096817AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10000000 | PA      | $10028280.00  | 0.08%             | 2041-08-15      | Variable      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| BENCHMARK 2024-V9 MORTGAGE TRUST                                  | BMARK 2024-V9 A3 5.6019% 08-15-57                                                | CUSIP: 081919AN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13088029 | PA      | $13649060.45  | 0.11%             | 2057-08-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR8                                                   | BANK5 2024-5YR8 A3 5.884% 08-15-57                                               | CUSIP: 065923AY0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    710000 | PA      | $746720.49    | 0.01%             | 2057-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2024-V9 MORTGAGE TRUST                                  | BMARK 2024-V9 AS FRN 08-15-57                                                    | CUSIP: 081919AS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    300000 | PA      | $313581.90    | 0.00%             | 2057-08-15      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| BMO 2024-5C6                                                      | BMO 2024-5C6 A3 5.3161% 09-15-57                                                 | CUSIP: 05593QAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    386000 | PA      | $398744.56    | 0.00%             | 2057-09-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| BMARK 2024-V10                                                    | BMARK 2024-V10 A3 5.2774% 09-15-57                                               | CUSIP: 08163UAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    317355 | PA      | $327850.56    | 0.00%             | 2057-09-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_24-NQM1                     | BRAVO 2024-NQM1 A1 144A 5.943% 12-01-63                                          | CUSIP: 10570FAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1858876 | PA      | $1873102.11   | 0.02%             | 2063-12-01      | Variable      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| BX 2024-FNX                                                       | BX 2024-FNX A 144A FRN 11-15-41                                                  | CUSIP: 05593TAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14847657 | PA      | $14866899.71  | 0.12%             | 2041-11-15      | Variable      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| BRDGE 2024-SFR1                                                   | BRDGE 2024-SFR1 A 144A 4.0% 08-17-40                                             | CUSIP: 10806DAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7158213 | PA      | $6995671.29   | 0.06%             | 2040-08-17      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| BMARK 2024-V11                                                    | BMARK 2024-V11 A3 FRN 11-15-57                                                   | CUSIP: 081921AZ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2111666.00   | 0.02%             | 2057-11-15      | Variable      | 5.91%                 | No            |                  2 | On Loan: No      |
| BMARK 2024-V11                                                    | BMARK 2024-V11 AM FRN 11-15-57                                                   | CUSIP: 081921BC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1930000 | PA      | $2027185.15   | 0.02%             | 2057-11-15      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR11                                                  | BANK5 2024-5YR11 AS 6.139% 11-15-57                                              | CUSIP: 06644WBL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1881000 | PA      | $1979752.50   | 0.02%             | 2057-11-15      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR11                                                  | BANK5 2024-5YR11 A3 5.893% 11-15-57                                              | CUSIP: 06644WBD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12895945 | PA      | $13614429.68  | 0.11%             | 2057-11-15      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR12                                                  | BANK5 2024-5YR12 A3 FRN 12-15-57                                                 | CUSIP: 06644XBG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2085000 | PA      | $2202039.39   | 0.02%             | 2057-12-15      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR12                                                  | BANK5 2024-5YR12 AS FRN 12-15-57                                                 | CUSIP: 06644XBP0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1798000 | PA      | $1892860.68   | 0.02%             | 2057-12-15      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| BBCMS 2024-5C31                                                   | BBCMS 2024-5C31 AS FRN 12-15-57                                                  | CUSIP: 07336YAD7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1719000 | PA      | $1789671.53   | 0.01%             | 2057-12-15      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| BX 2025-BIO3                                                      | BX 2025-BIO3 A 144A 6.1382% 02-10-42                                             | CUSIP: 123911AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  15330000 | PA      | $15928498.53  | 0.13%             | 2042-02-10      | Fixed         | 6.14%                 | Yes           |                  2 | On Loan: No      |
| BRAVO 2025-NQM1                                                   | BRAVO 2025-NQM1 A1 144A 5.604% 12-25-64                                          | CUSIP: 10569MAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8253606 | PA      | $8317290.72   | 0.07%             | 2064-12-25      | Variable      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| BMO 2025-5C9                                                      | BMO 2025-5C9 AS FRN 04-15-58                                                     | CUSIP: 096933AG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2971000 | PA      | $3132182.69   | 0.03%             | 2058-04-15      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| BMO 2025-5C9                                                      | BMO 2025-5C9 A3 FRN 04-15-58                                                     | CUSIP: 096933AC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4599000 | PA      | $4838474.53   | 0.04%             | 2058-04-15      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| BMARK 2025-V14                                                    | BMARK 2025-V14 AM FRN 04-15-57                                                   | CUSIP: 08164BAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    276000 | PA      | $289863.76    | 0.00%             | 2057-04-15      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| BRAVO 2025-NQM5                                                   | BRAVO 2025-NQM5 A1 144A 5.496% 02-25-65                                          | CUSIP: 10569RAC6<br>LEI: 254900HGOJX787MBR512 | Long             | ABS-CBDO         | CORP              | US        |  13462671 | PA      | $13558753.83  | 0.11%             | 2065-02-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| BFLD 2025-5MW                                                     | BFLD 2025-5MW A 144A FRN 10-10-42                                                | CUSIP: 088921AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7318000 | PA      | $7359441.83   | 0.06%             | 2042-10-10      | Variable      | 4.83%                 | Yes           |                  2 | On Loan: No      |
| BX 2025-VOLT                                                      | BX 2025-VOLT B 144A FRN 12-15-44                                                 | CUSIP: 05619PAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2998000 | PA      | $3008376.08   | 0.02%             | 2044-12-15      | Variable      | 6.31%                 | Yes           |                  2 | On Loan: No      |
| BX 2025-VOLT                                                      | BX 2025-VOLT A 144A FRN 12-15-44                                                 | CUSIP: 05619PAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  24862000 | PA      | $24892406.23  | 0.20%             | 2044-12-15      | Variable      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| BANK5 2025-5YR18                                                  | BANK5 2025-5YR18 AS FRN 12-15-58                                                 | CUSIP: 06604CAF7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2247000 | PA      | $2318544.48   | 0.02%             | 2058-12-15      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_16-GC36                 | CGCMT 16-GC36 A5 3.616% 02-10-49/01-12-26                                        | CUSIP: 17324TAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    771573 | PA      | $767522.12    | 0.01%             | 2049-02-10      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST COMM_16-COR1                                  | COMM 2016-COR1 A4 3.091% 10-10-49                                                | CUSIP: 12594MBC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $3949848.00   | 0.03%             | 2049-10-10      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| CD 2017-CD3                                                       | CD 2017-CD3 A4 3.631% 02-10-50                                                   | CUSIP: 12515GAD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $1947514.00   | 0.02%             | 2050-02-10      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| CSAIL COMMERCIAL MORTGAGE TRUST CSAIL_17-CX9                      | CSAIL 2017-CX9 A4 3.1755% 09-15-50                                               | CUSIP: 12595FAD4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    318250 | PA      | $312761.12    | 0.00%             | 2050-09-15      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| CD 2017-CD6                                                       | CD 17-CD6 A5 3.456% 11-13-50/10-18-27                                            | CUSIP: 125039AF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3685750 | PA      | $3641970.66   | 0.03%             | 2050-11-13      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| CSAIL 2017-CX10                                                   | CSAIL 2017-CX10 A5 FRN 11-15-50                                                  | CUSIP: 12595JAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    882210 | PA      | $860692.02    | 0.01%             | 2050-11-15      | Variable      | 3.46%                 | No            |                  2 | On Loan: No      |
| CSAIL 2017-CX10                                                   | CSAIL 2017-CX10 A4 3.1908% 11-15-50                                              | CUSIP: 12595JAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    646000 | PA      | $637047.73    | 0.01%             | 2050-11-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| CANTOR COMMERCIAL REAL ESTATE LENDING CF_19-CF1                   | CF 2019-CF1 AS 4.0273% 05-15-52                                                  | CUSIP: 12529MAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $961549.00    | 0.01%             | 2052-05-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_20-EXP1                   | CMLTI 2020-EXP1 A1A 144A FRN 05-25-60                                            | CUSIP: 17328JAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1198768 | PA      | $1129547.38   | 0.01%             | 2060-05-25      | Variable      | 1.80%                 | Yes           |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST COLT_21-5                                | COLT 2021-5 A1 144A FRN 11-26-66                                                 | CUSIP: 12598RAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6288399 | PA      | $5738843.06   | 0.05%             | 2066-11-26      | Variable      | 1.73%                 | Yes           |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY STRUCTURED PASS THROUGH FHMS_K070               | FHMS K070 A2 FRN 11-25-27                                                        | CUSIP: 3137FCJK1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     10000 | PA      | $9906.97      | 0.00%             | 2027-11-25      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS BK5305 06-01-48                                                        | CUSIP: 3140HJ3P4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      5996 | PA      | $5823.93      | 0.00%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS BK2010 04-01-48                                                        | CUSIP: 3140HFGU7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     10184 | PA      | $9891.87      | 0.00%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_18-4                           | SCRT 2018-4 MA 3.5% 03-25-58                                                     | CUSIP: 35563PHF9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     35273 | PA      | $34483.64     | 0.00%             | 2058-03-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_18-3                           | SCRT 2018-3 MA FRN 08-25-57                                                      | CUSIP: 35563PGG8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   2777244 | PA      | $2706160.74   | 0.02%             | 2057-08-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 4.0 SI2002 03-01-48                                                    | CUSIP: 3133USGK1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     55748 | PA      | $54155.74     | 0.00%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WORLD FINANCIAL NETWORK CREDIT CARD MASTER NOTE TRUST WFNMT_23-A  | WFNMT 2023-A A 5.02% 03-15-30                                                    | CUSIP: 981464HL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6159000 | PA      | $6185243.50   | 0.05%             | 2030-03-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| ARGENT SECURITIES INC ARSI_05-W2                                  | ARSI 2005-W2 M1 FRN 10-25-35                                                     | CUSIP: 040104ND9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    243856 | PA      | $242745.01    | 0.00%             | 2035-10-25      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_22-5                         | AESOP 2022-5A A 144A 6.12% 04-20-27                                              | CUSIP: 05377RFV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4433333 | PA      | $4452569.55   | 0.04%             | 2027-04-20      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_23-1                         | AESOP 2023-1A B 144A 6.08% 04-20-29                                              | CUSIP: 05377RGE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2586070.00   | 0.02%             | 2029-04-20      | Fixed         | 6.08%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_23-5                         | AESOP 2023-5A A 144A 5.78% 04-20-28                                              | CUSIP: 05377RHC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15496000 | PA      | $15777887.74  | 0.13%             | 2028-04-20      | Fixed         | 5.78%                 | Yes           |                  2 | On Loan: No      |
| AMERICREDIT AUTOMOBILE RECEIVABLES TRUST AMCAR_23-2               | AMCAR 2023-2 A3 5.81% 05-18-28                                                   | CUSIP: 03065UAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7745496 | PA      | $7803424.13   | 0.06%             | 2028-05-18      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_23-7                         | AESOP 2023-7A A 144A 5.9% 08-21-28                                               | CUSIP: 05377RHL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3900000 | PA      | $4001263.50   | 0.03%             | 2028-08-21      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_24-1                         | AESOP 2024-1A A 144A 5.36% 06-20-30                                              | CUSIP: 05377RHY3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3732000 | PA      | $3859556.03   | 0.03%             | 2030-06-20      | Fixed         | 5.36%                 | Yes           |                  2 | On Loan: No      |
| AXIS 2024-1A                                                      | AXIS 2024-1A A2 144A 5.38% 01-21-31                                              | CUSIP: 03237CAB8<br>LEI: 254900O8ABFLU3FOSN14 | Long             | ABS-O            | CORP              | US        |   1452314 | PA      | $1469013.67   | 0.01%             | 2031-01-21      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST ACAR_24-1            | ACAR 2024-1 C 144A 5.63% 01-14-30                                                | CUSIP: 02531AAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11130064 | PA      | $11184546.03  | 0.09%             | 2030-01-14      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| AFFRM 2024-A                                                      | AFFRM 2024-A A 144A 5.61% 02-15-29                                               | CUSIP: 00834BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13906000 | PA      | $13941849.67  | 0.11%             | 2029-02-15      | Fixed         | 5.61%                 | Yes           |                  2 | On Loan: No      |
| ACAR 2024-2                                                       | ACAR 2024-2 B 144A 6.1% 12-13-27                                                 | CUSIP: 02531BAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    851436 | PA      | $852075.45    | 0.01%             | 2027-12-13      | Fixed         | 6.10%                 | Yes           |                  2 | On Loan: No      |
| AXIS EQUIPMENT FINANCE RECEIVABLES LLC AXIS_23-1A                 | AXIS 2023-1A A2 144A 6.09% 12-20-29                                              | CUSIP: 03236YAB1<br>LEI: 5493000K1GV1VHEHGY40 | Long             | ABS-O            | CORP              | US        |   1953283 | PA      | $1970668.96   | 0.02%             | 2029-12-20      | Fixed         | 6.09%                 | Yes           |                  2 | On Loan: No      |
| AMERICREDIT AUTOMOBILE RECEIVABLES TRUST AMCAR_24-1               | AMCAR 2024-1 A3 5.43% 01-18-29                                                   | CUSIP: 023947AD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4966000 | PA      | $5007212.83   | 0.04%             | 2029-01-18      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| APID 2019-32A                                                     | APID 2019-32A A1R CLO 144A FRN 01-20-33                                          | CUSIP: 03768RAQ9<br>LEI: 549300CXPXW83QGWOL98 | Long             | ABS-O            | CORP              | KY        |   5570087 | PA      | $5575267.24   | 0.04%             | 2033-01-20      | Variable      | 4.98%                 | Yes           |                  2 | On Loan: No      |
| AFFRM 2024-A                                                      | AFFRM 2024-A 1A 144A 5.61% 02-15-29                                              | CUSIP: 00834BAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  27858000 | PA      | $27928703.60  | 0.22%             | 2029-02-15      | Fixed         | 5.61%                 | Yes           |                  2 | On Loan: No      |
| BRIDGECREST LENDING AUTO SECURITIZATION TRUST BLAST_24-4          | BLAST 2024-4 A2 4.84% 09-15-27                                                   | CUSIP: 10806EAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    575779 | PA      | $575968.34    | 0.00%             | 2027-09-15      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| BMO 2024-5C8                                                      | BMO 2024-5C8 AS FRN 12-15-57                                                     | CUSIP: 09661XAF5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3140000 | PA      | $3278068.94   | 0.03%             | 2057-12-15      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| BLAST 2025-1                                                      | BLAST 2025-1 A3 4.67% 08-15-28                                                   | CUSIP: 10806HAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4804000 | PA      | $4812786.52   | 0.04%             | 2028-08-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| BLAST 2025-1                                                      | BLAST 2025-1 A2 4.71% 09-15-27                                                   | CUSIP: 10806HAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3162618 | PA      | $3164019.31   | 0.03%             | 2027-09-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| BATTALION CLO LTD BATLN_18-12A                                    | BATLN 2018-12A ARR CLO 144A FRN 05-17-31                                         | CUSIP: 07133RAW5<br>LEI: 549300JIE0P78OIZGS60 | Long             | ABS-O            | CORP              | KY        |   3927409 | PA      | $3931218.66   | 0.03%             | 2031-05-17      | Variable      | 4.78%                 | Yes           |                  2 | On Loan: No      |
| BEACN 2021-1A                                                     | BEACN 2021-1A A 144A 2.25% 10-22-46                                              | CUSIP: 07359BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7957917 | PA      | $7457467.71   | 0.06%             | 2046-10-22      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.0% 01-15-27                                        | CUSIP: 91282CJT9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 385438000 | PA      | $387131845.83 | 3.11%             | 2027-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                            | ASIAN DEV BK 1.0% 04-14-26                                                       | CUSIP: 045167FC2<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | PH        |   9599000 | PA      | $9498028.12   | 0.08%             | 2026-04-14      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                            | ASIAN DEV BK 3.875% 09-28-32                                                     | CUSIP: 045167FT5<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | PH        |   1163000 | PA      | $1165822.60   | 0.01%             | 2032-09-28      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CORPORACION ANDINA DE FOMENTO                                     | CORPORACION ANDINA DE FOMENTO 5.0% 01-24-29                                      | CUSIP: 219868CJ3<br>LEI: UKZ46SXGNYCZK0UOZE76 | Long             | DBT              | NUSS              | VE        |   7017000 | PA      | $7249480.23   | 0.06%             | 2029-01-24      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARROYO MORTGAGE TRUST ARRW_19-1                                   | ARRW 2019-1 A1 144A FRN 01-25-49                                                 | CUSIP: 042859AA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2135715 | PA      | $2090572.48   | 0.02%             | 2049-01-25      | Variable      | 3.81%                 | Yes           |                  2 | On Loan: No      |
| ARROYO MORTGAGE TRUST ARRW_20-1                                   | ARRW 2020-1 A1A 144A 1.662% 03-25-55                                             | CUSIP: 04285CAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    705989 | PA      | $685058.70    | 0.01%             | 2055-03-25      | Fixed         | 1.66%                 | Yes           |                  2 | On Loan: No      |
| ARROYO MORTGAGE TRUST ARRW_21-1R                                  | ARRW 2021-1R A1 144A FRN 10-25-48                                                | CUSIP: 042853AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1904062 | PA      | $1727296.06   | 0.01%             | 2048-10-25      | Variable      | 1.18%                 | Yes           |                  2 | On Loan: No      |
| ARROYO MORTGAGE TRUST ARRW_19-2                                   | ARRW 2019-2 A3 144A FRN 04-25-49                                                 | CUSIP: 042858AC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2041776 | PA      | $2003582.94   | 0.02%             | 2049-04-25      | Variable      | 3.80%                 | Yes           |                  2 | On Loan: No      |
| ARROYO MORTGAGE TRUST ARRW_19-2                                   | ARRW 2019-2 A2 144A FRN 04-25-49                                                 | CUSIP: 042858AB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    259240 | PA      | $253267.38    | 0.00%             | 2049-04-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| ARROYO MORTGAGE TRUST ARRW_22-1                                   | ARRW 2022-1 A1A 144A 2.495% 12-25-56                                             | CUSIP: 042855AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6609935 | PA      | $6449399.20   | 0.05%             | 2056-12-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| AMSR TRUST AMSR_21-SFR3                                           | AMSR 2021-SFR3 A 144A 1.476% 10-17-38                                            | CUSIP: 00180UAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1981347 | PA      | $1931884.65   | 0.02%             | 2038-10-17      | Fixed         | 1.48%                 | Yes           |                  2 | On Loan: No      |
| ARES1 2024-IND                                                    | ARES1 2024-IND A 144A FRN 07-15-41                                               | CUSIP: 03990DAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1342000 | PA      | $1345097.34   | 0.01%             | 2041-07-15      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| AOMT 2024-7                                                       | AOMT 2024-7 A1 144A 5.621% 05-25-69                                              | CUSIP: 03466CAA2<br>LEI: 254900Q2UY574S9NQF08 | Long             | ABS-CBDO         | CORP              | US        |   5044244 | PA      | $5075952.22   | 0.04%             | 2069-05-25      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| ALA 2025-OANA                                                     | ALA 2025-OANA A 144A FRN 06-15-40                                                | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1130000 | PA      | $1136091.83   | 0.01%             | 2040-06-15      | Variable      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| AMSR 2025-SFR1                                                    | AMSR 2025-SFR1 C 144A 3.655% 06-17-42                                            | CUSIP: 00182MAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    878000 | PA      | $833998.15    | 0.01%             | 2042-06-17      | Fixed         | 3.65%                 | Yes           |                  2 | On Loan: No      |
| AMSR 2025-SFR1                                                    | AMSR 2025-SFR1 B 144A 3.655% 06-17-42                                            | CUSIP: 00182MAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    594000 | PA      | $569442.26    | 0.00%             | 2042-06-17      | Fixed         | 3.65%                 | Yes           |                  2 | On Loan: No      |
| AMSR 2025-SFR1                                                    | AMSR 2025-SFR1 A 144A 3.655% 06-17-42                                            | CUSIP: 00182MAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9583000 | PA      | $9288294.00   | 0.07%             | 2042-06-17      | Fixed         | 3.65%                 | Yes           |                  2 | On Loan: No      |
| AMSR 2025-SFR2                                                    | AMSR 2025-SFR2 A 144A 4.275% 11-17-42                                            | CUSIP: 00180BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4452000 | PA      | $4417354.54   | 0.04%             | 2042-11-17      | Variable      | 4.36%                 | Yes           |                  2 | On Loan: No      |
| BANK_17-BNK4                                                      | BANK 2017-BNK4 A3 3.362% 05-15-50                                                | CUSIP: 06541FAZ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10654029 | PA      | $10556139.82  | 0.08%             | 2050-05-15      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| BANK_17-BNK4                                                      | BANK 2017-BNK4 A4 3.625% 05-15-50                                                | CUSIP: 06541FBA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3099000 | PA      | $3065233.30   | 0.02%             | 2050-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BMARK 2018-B7                                                     | BMARK 2018-B7 A4 FRN 05-15-53                                                    | CUSIP: 08162TBB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1570373 | PA      | $1577753.75   | 0.01%             | 2053-05-15      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| BANK BANK_19-BN18                                                 | BANK 2019-BN18 A4 3.584% 05-15-62                                                | CUSIP: 065402BC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1613000 | PA      | $1555730.44   | 0.01%             | 2062-05-15      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| BUNKER HILL LOAN DEPOSITARY TRUST BHLD_19-2                       | BHLD 2019-2 A1 144A FRN 07-25-49                                                 | CUSIP: 12061RAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1394236 | PA      | $1371212.53   | 0.01%             | 2049-07-25      | Variable      | 2.88%                 | Yes           |                  2 | On Loan: No      |
| BANK BANK_19-BN19                                                 | BANK 2019-BN19 A3 3.183% 08-15-61                                                | CUSIP: 06540WBD4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1185000 | PA      | $1124887.32   | 0.01%             | 2061-08-15      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| BANK 2019-BNK24                                                   | BANK 2019-BN24 A3 2.96% 11-15-62                                                 | CUSIP: 06540VBB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1649000 | PA      | $1567203.00   | 0.01%             | 2062-11-15      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_20-RPL1                     | BRAVO 2020-RPL1 A1 144A FRN 05-26-59                                             | CUSIP: 10568YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3191167 | PA      | $3147693.26   | 0.03%             | 2059-05-26      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK_20-B19                             | BMARK 2020-B19 A5 1.85% 09-15-53                                                 | CUSIP: 08162WBC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5087166 | PA      | $4530131.50   | 0.04%             | 2053-09-15      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_20-RPL2                     | BRAVO 2020-RPL2 A1 144A FRN 05-25-59                                             | CUSIP: 10569BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5388247 | PA      | $5105337.07   | 0.04%             | 2059-05-25      | Variable      | 2.00%                 | Yes           |                  2 | On Loan: No      |
| BXP TRUST BXP_17-GM                                               | BXP 2017-GM A 144A 3.379% 06-13-39                                               | CUSIP: 056083AA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3158000 | PA      | $3096381.10   | 0.02%             | 2039-06-13      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-VOLT                           | BX 2021-VOLT A 144A FRN 09-15-36                                                 | CUSIP: 05609VAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  18264348 | PA      | $18256183.75  | 0.15%             | 2036-09-15      | Variable      | 4.77%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-SDMF                           | BX 2021-SDMF A 144A FRN 09-15-34                                                 | CUSIP: 12434CAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  16595925 | PA      | $16528047.60  | 0.13%             | 2034-09-15      | Variable      | 4.66%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST BX_21-ARIA                                               | BX 2021-ARIA C 144A FRN 10-15-36                                                 | CUSIP: 05608RAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4822000 | PA      | $4820886.12   | 0.04%             | 2036-10-15      | Variable      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST BX_21-ARIA                                               | BX 2021-ARIA A 144A FRN 10-15-36                                                 | CUSIP: 05608RAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5776000 | PA      | $5773758.91   | 0.05%             | 2036-10-15      | Variable      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST BX_21-ACNT                                               | BX 2021-ACNT A 144A FRN 11-15-38                                                 | CUSIP: 05609QAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14834001 | PA      | $14819404.18  | 0.12%             | 2038-11-15      | Variable      | 4.92%                 | Yes           |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_22-RPL1                     | BRAVO 2022-RPL1 A1 144A 2.75% 09-25-61                                           | CUSIP: 10569XAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    273554 | PA      | $253413.22    | 0.00%             | 2061-09-25      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| CAS 2023-R05                                                      | CAS 2023-R05 1M1 144A FRN 06-25-43                                               | CUSIP: 207942AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1300230 | PA      | $1311374.12   | 0.01%             | 2043-06-25      | Variable      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| FANNIE MAE - CAS_24-R01                                           | CAS 2024-R01 1M1 144A FRN 01-25-44                                               | CUSIP: 20753UAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1825980 | PA      | $1824951.61   | 0.01%             | 2044-01-25      | Variable      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| FANNIE MAE CONNECTICUT AVENUE SECURITIES CAS_18-C01               | CAS 2018-C01 1M2C FRN 07-25-30                                                   | CUSIP: 30711XYV0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3280314 | PA      | $3311578.98   | 0.03%             | 2030-07-25      | Variable      | 6.44%                 | No            |                  2 | On Loan: No      |
| CAS 2024-R02                                                      | CAS 2024-R02 1M1 144A FRN 02-25-44                                               | CUSIP: 20754GAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    460235 | PA      | $460908.18    | 0.00%             | 2044-02-25      | Variable      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| CAS 2024-R04                                                      | CAS 2024-R04 1A1 144A FRN 05-25-44                                               | CUSIP: 20753GAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3712470 | PA      | $3720158.64   | 0.03%             | 2044-05-25      | Variable      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| CFMT 2024-HB13                                                    | CFMT 2024-HB13 A 144A FRN 05-25-34                                               | CUSIP: 12530VAA3<br>LEI: 984500D67D63D8645054 | Long             | ABS-CBDO         | CORP              | US        |   2216612 | PA      | $2190598.22   | 0.02%             | 2034-05-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| FANNIE MAE FNMA_18-C03                                            | CAS 2018-C03 1B1 FRN 10-25-30                                                    | CUSIP: 30711XJ62<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $4282420.00   | 0.03%             | 2030-10-25      | Variable      | 7.94%                 | No            |                  2 | On Loan: No      |
| CONE 2024-DFW1                                                    | CONE 2024-DFW1 A 144A FRN 08-15-41                                               | CUSIP: 20682AAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10569000 | PA      | $10570743.89  | 0.08%             | 2041-08-15      | Variable      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| CALI 2024-SUN                                                     | CALI 2024-SUN A 144A FRN 07-15-41                                                | CUSIP: 12988DAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3180000 | PA      | $3186871.98   | 0.03%             | 2041-07-15      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| CALI 2024-SUN                                                     | CALI 2024-SUN B 144A FRN 07-15-41                                                | CUSIP: 12988DAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    421000 | PA      | $422307.21    | 0.00%             | 2041-07-15      | Variable      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| CFMT 2024-HB15                                                    | CFMT 2024-HB15 A 144A FRN 08-25-34                                               | CUSIP: 15723AAA9<br>LEI: 98450050957GF5E1CD92 | Long             | ABS-CBDO         | CORP              | US        |  10517171 | PA      | $10480371.51  | 0.08%             | 2034-08-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CAS 2024-R06                                                      | CAS 2024-R06 1A1 144A FRN 09-25-44                                               | CUSIP: 20755RAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5085567 | PA      | $5104882.12   | 0.04%             | 2044-09-25      | Variable      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| CFMT 2024-R1                                                      | CFMT 2024-R1 A1 144A 4.0% 10-25-54                                               | CUSIP: 12530YAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6549081 | PA      | $6480963.58   | 0.05%             | 2054-10-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CFMT 2024-RM5                                                     | CFMT 2024-RM5 A 144A FRN 10-25-54                                                | CUSIP: 147275AA9<br>LEI: 984500AB3AED98FEEV98 | Long             | ABS-CBDO         | CORP              | US        |  24139926 | PA      | $23681580.87  | 0.19%             | 2054-10-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CIM TRUST CIM_24-R1                                               | CIM 2024-R1 A1 144A FRN 06-25-64                                                 | CUSIP: 17179VAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2060784 | PA      | $2056720.37   | 0.02%             | 2064-06-25      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST COLT_23-3                                | COLT 2023-3 A1 144A 7.18% 09-25-68                                               | CUSIP: 19688RAA7<br>LEI: 213800MIPEZY1A8W1N28 | Long             | ABS-CBDO         | CORP              | US        |   3710804 | PA      | $3756027.88   | 0.03%             | 2068-09-25      | Variable      | 7.18%                 | Yes           |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST COLT_23-4                                | COLT 2023-4 A1 144A 7.163% 10-25-68                                              | CUSIP: 12598WAA0<br>LEI: 213800EHDFO4A3F7P416 | Long             | ABS-CBDO         | CORP              | US        |   1172824 | PA      | $1189571.90   | 0.01%             | 2068-10-25      | Variable      | 7.16%                 | Yes           |                  2 | On Loan: No      |
| CAS 2025-R02                                                      | CAS 2025-R02 1A1 144A FRN 02-25-45                                               | CUSIP: 20754TAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3321146 | PA      | $3328187.03   | 0.03%             | 2045-02-25      | Variable      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| CAS 2025-R02                                                      | CAS 2025-R02 1M1 144A FRN 02-25-45                                               | CUSIP: 20754TAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1891481 | PA      | $1894807.89   | 0.02%             | 2045-02-25      | Variable      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| CIM 2023-R1                                                       | CIM 2023-R1 A1A 144A FRN 04-25-62                                                | CUSIP: 12569RAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  11490606 | PA      | $11459328.51  | 0.09%             | 2062-04-25      | Variable      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| DC COMMERCIAL MORTGAGE TRUST DC_23-DC                             | DC 2023-DC A 144A 6.3143% 09-12-40                                               | CUSIP: 24023AAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5393000 | PA      | $5561601.36   | 0.04%             | 2040-09-12      | Fixed         | 6.31%                 | Yes           |                  2 | On Loan: No      |
| DURST 2025-151                                                    | DURST 2025-151 A 144A FRN 08-10-42                                               | CUSIP: 266895AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9188000 | PA      | $9399507.76   | 0.08%             | 2042-08-10      | Variable      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| ELM TRUST ELM_24-ELM                                              | ELM 2024-ELM B10 144A FRN 06-10-39                                               | CUSIP: 26860XBA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5283000 | PA      | $5318406.67   | 0.04%             | 2039-06-10      | Variable      | 6.20%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FHLMC POOL #781228 ARH10 3.689% 02-01-34                                         | CUSIP: 31349SLH4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    158467 | PA      | $162030.19    | 0.00%             | 2034-02-01      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FHARM FRN 1H2524 08-01-35                                                        | CUSIP: 3128QLPH8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    271961 | PA      | $281662.52    | 0.00%             | 2035-08-01      | Variable      | 6.44%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNA 2017-M7 A2 FRN 02-25-27                                                      | CUSIP: 3136AV7G8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | USGA              | US        |      7630 | PA      | $7543.57      | 0.00%             | 2027-02-25      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 QF1573 10-01-52                                                    | CUSIP: 3133BNXA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     22545 | PA      | $22926.18     | 0.00%             | 2052-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 QF8331 02-01-53                                                    | CUSIP: 3133BWHG1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     23059 | PA      | $23450.08     | 0.00%             | 2053-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD3240 06-01-53                                                    | CUSIP: 3132DQS56<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    343026 | PA      | $352717.53    | 0.00%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD3356 07-01-53                                                    | CUSIP: 3132DQWR3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1846288 | PA      | $1897088.90   | 0.02%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 FS5192 06-01-53                                                    | CUSIP: 3140XLXW3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1241233 | PA      | $1259432.00   | 0.01%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 4.5 SD2465 10-01-52                                                    | CUSIP: 3132DPW20<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    122153 | PA      | $120205.02    | 0.00%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA5165 10-01-53                                                    | CUSIP: 31418EW30<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      4759 | PA      | $4835.46      | 0.00%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8363 09-01-53                                                    | CUSIP: 3132DWJG9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2948047 | PA      | $3027635.69   | 0.02%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 SD3825 09-01-53                                                    | CUSIP: 3132E0HA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  21615649 | PA      | $22404252.74  | 0.18%             | 2053-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5191 11-01-53                                                    | CUSIP: 31418EXV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  19391246 | PA      | $19914731.99  | 0.16%             | 2053-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8368 10-01-53                                                    | CUSIP: 3132DWJM6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   9804952 | PA      | $10066577.86  | 0.08%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FS COMMERCIAL TRUST FS_23-4SZN                                    | FS 2023-4SZN A 144A 7.06626% 11-10-39                                            | CUSIP: 30334RAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4347000 | PA      | $4435209.32   | 0.04%             | 2039-11-10      | Fixed         | 7.07%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 MA5192 11-01-53                                                    | CUSIP: 31418EXW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     58792 | PA      | $61010.26     | 0.00%             | 2053-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 SD8374 11-01-53                                                    | CUSIP: 3132DWJT1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     74847 | PA      | $77589.15     | 0.00%             | 2053-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5166 10-01-53                                                    | CUSIP: 31418EW48<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  15850570 | PA      | $16273510.35  | 0.13%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD4053 10-01-53                                                    | CUSIP: 3132E0QE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  26255986 | PA      | $26947017.42  | 0.22%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8362 09-01-53                                                    | CUSIP: 3132DWJF1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    373197 | PA      | $379027.64    | 0.00%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5139 09-01-53                                                    | CUSIP: 31418EV98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1376749 | PA      | $1414050.58   | 0.01%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8402 02-01-54                                                    | CUSIP: 3132DWKP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   5635847 | PA      | $5779037.42   | 0.05%             | 2054-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 CB7932 02-01-54                                                    | CUSIP: 3140QTY60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  19629589 | PA      | $20185243.55  | 0.16%             | 2054-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB7933 02-01-54                                                    | CUSIP: 3140QTY78<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   4283502 | PA      | $4442595.13   | 0.04%             | 2054-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY STRUCTURED PASS THROUGH FHMS_K515               | FHMS K515 A2 (MF) 5.4% 01-25-29                                                  | CUSIP: 3137HBPD0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  22724000 | PA      | $23677339.97  | 0.19%             | 2029-01-25      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 FS6873 01-01-54                                                    | CUSIP: 3140XNT79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  18315453 | PA      | $19011531.61  | 0.15%             | 2054-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA5296 03-01-54                                                    | CUSIP: 31418E3E8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    156953 | PA      | $159249.97    | 0.00%             | 2054-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8408 03-01-54                                                    | CUSIP: 3132DWKV4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3360982 | PA      | $3410162.91   | 0.03%             | 2054-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 CB8163 03-01-54                                                    | CUSIP: 3140QUB96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  11198522 | PA      | $11534332.33  | 0.09%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 CB8151 03-01-54                                                    | CUSIP: 3140QUBV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2807788 | PA      | $2852322.69   | 0.02%             | 2054-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA5271 02-01-54                                                    | CUSIP: 31418E2D1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    294843 | PA      | $299293.36    | 0.00%             | 2054-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 CB8168 03-01-54                                                    | CUSIP: 3140QUCE4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    103289 | PA      | $106133.40    | 0.00%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 FS4191 03-01-53                                                    | CUSIP: 3140XKUR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1056330 | PA      | $1078239.75   | 0.01%             | 2053-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD2861 05-01-53                                                    | CUSIP: 3132DQFA9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3807388 | PA      | $3918640.09   | 0.03%             | 2053-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS7507 03-01-54                                                    | CUSIP: 3140XPKV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  11737219 | PA      | $12132211.35  | 0.10%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ1216 04-01-54                                                    | CUSIP: 3142GRK66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    932602 | PA      | $951907.31    | 0.01%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ1215 04-01-54                                                    | CUSIP: 3142GRK58<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    668937 | PA      | $679007.96    | 0.01%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 FS6809 02-01-54                                                    | CUSIP: 3140XNR71<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    142361 | PA      | $144443.62    | 0.00%             | 2054-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 CB8337 04-01-54                                                    | CUSIP: 3140QUHP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3201115 | PA      | $3251887.96   | 0.03%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB6768 07-01-53                                                    | CUSIP: 3140QSQW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1950942 | PA      | $2036377.32   | 0.02%             | 2053-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA5388 06-01-54                                                    | CUSIP: 31418E7A2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3683686 | PA      | $3737214.13   | 0.03%             | 2054-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ1768 06-01-54                                                    | CUSIP: 3142GR6E5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    416776 | PA      | $425883.57    | 0.00%             | 2054-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ1785 06-01-54                                                    | CUSIP: 3142GR6X3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    103490 | PA      | $106770.48    | 0.00%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS8153 06-01-54                                                    | CUSIP: 3140XQBX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3415178 | PA      | $3540624.41   | 0.03%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS7031 02-01-54                                                    | CUSIP: 3140XNY57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1638629 | PA      | $1693771.76   | 0.01%             | 2054-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS7503 02-01-54                                                    | CUSIP: 3140XPKR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1265559 | PA      | $1297810.63   | 0.01%             | 2054-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8447 07-01-54                                                    | CUSIP: 3132DWL43<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   5362091 | PA      | $5493397.47   | 0.04%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5421 07-01-54                                                    | CUSIP: 31418FAX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   6574896 | PA      | $6731884.87   | 0.05%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD5303 04-01-54                                                    | CUSIP: 3132DS3L4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1588000 | PA      | $1638803.37   | 0.01%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 BU4699 07-01-54                                                    | CUSIP: 3140M6GH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1184861 | PA      | $1206324.76   | 0.01%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 BU4700 07-01-54                                                    | CUSIP: 3140M6GJ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1843001 | PA      | $1896509.28   | 0.02%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 QI8872 07-01-54                                                    | CUSIP: 3133WF2D8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    586893 | PA      | $597524.52    | 0.00%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 QI8874 07-01-54                                                    | CUSIP: 3133WF2F3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    766448 | PA      | $787714.15    | 0.01%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB8872 07-01-54                                                    | CUSIP: 3140QU2E5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   9351380 | PA      | $9738153.57   | 0.08%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB8725 06-01-54                                                    | CUSIP: 3140QUVT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   6253729 | PA      | $6489526.36   | 0.05%             | 2054-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ1964 07-01-54                                                    | CUSIP: 3142GSFE3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2355796 | PA      | $2452696.98   | 0.02%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB8876 07-01-54                                                    | CUSIP: 3140QU2J4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2655575 | PA      | $2764732.63   | 0.02%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 CB8842 07-01-54                                                    | CUSIP: 3140QUZG4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2072889 | PA      | $2110544.61   | 0.02%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS8757 08-01-54                                                    | CUSIP: 3140XQWT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1198921 | PA      | $1241696.81   | 0.01%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 BU4968 08-01-54                                                    | CUSIP: 3140M6QW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    379485 | PA      | $389039.06    | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS8866 09-01-54                                                    | CUSIP: 3140XQZ83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1200716 | PA      | $1238191.92   | 0.01%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS8758 08-01-54                                                    | CUSIP: 3140XQWU7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    589675 | PA      | $605916.91    | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 BU4946 09-01-54                                                    | CUSIP: 3140M6P80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    975863 | PA      | $989793.73    | 0.01%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 QJ3044 09-01-54                                                    | CUSIP: 3133CTLZ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2014692 | PA      | $2044170.88   | 0.02%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8446 07-01-54                                                    | CUSIP: 3132DWL35<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3367954 | PA      | $3413098.15   | 0.03%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RJ2474 09-01-54                                                    | CUSIP: 3142GSXC7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    283796 | PA      | $294857.27    | 0.00%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RJ2470 09-01-54                                                    | CUSIP: 3142GSW87<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    415244 | PA      | $431943.92    | 0.00%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RJ2411 09-01-54                                                    | CUSIP: 3142GSVD7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    916456 | PA      | $953755.48    | 0.01%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ2422 09-01-54                                                    | CUSIP: 3142GSVQ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2322450 | PA      | $2360359.31   | 0.02%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ2415 09-01-54                                                    | CUSIP: 3142GSVH8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    960777 | PA      | $983101.06    | 0.01%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ2408 09-01-54                                                    | CUSIP: 3142GSVA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    879073 | PA      | $892927.17    | 0.01%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 CB9146 09-01-54                                                    | CUSIP: 3140QVEU4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    999945 | PA      | $1017955.77   | 0.01%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 CB9210 09-01-54                                                    | CUSIP: 3140QVGU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1770009 | PA      | $1796814.30   | 0.01%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD6286 08-01-54                                                    | CUSIP: 3132DT6X3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    518676 | PA      | $529413.02    | 0.00%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DC1873 09-01-54                                                    | CUSIP: 3140APCK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    196292 | PA      | $202118.75    | 0.00%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8401 02-01-54                                                    | CUSIP: 3132DWKN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     36942 | PA      | $37491.30     | 0.00%             | 2054-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5295 03-01-54                                                    | CUSIP: 31418E3D0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    189917 | PA      | $194927.87    | 0.00%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8439 06-01-54                                                    | CUSIP: 3132DWLU5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     64052 | PA      | $65620.53     | 0.00%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 SD6271 09-01-54                                                    | CUSIP: 3132DT6G0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1415436 | PA      | $1476107.09   | 0.01%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 FS8783 08-01-54                                                    | CUSIP: 3140XQXM4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1655924 | PA      | $1737272.58   | 0.01%             | 2054-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 QJ4693 09-01-54                                                    | CUSIP: 3133CVGA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    714562 | PA      | $748670.57    | 0.01%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 QI9151 07-01-54                                                    | CUSIP: 3133WGEY7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1380100 | PA      | $1445976.31   | 0.01%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB7626 12-01-53                                                    | CUSIP: 3140QTPL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   5584723 | PA      | $5860233.81   | 0.05%             | 2053-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB7426 11-01-53                                                    | CUSIP: 3140QTHC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  14734668 | PA      | $15339629.21  | 0.12%             | 2053-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD6328 09-01-54                                                    | CUSIP: 3132DUA56<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    947260 | PA      | $969663.27    | 0.01%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 BU5049 10-01-54                                                    | CUSIP: 3140M6TF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1430832 | PA      | $1498436.15   | 0.01%             | 2054-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8463 09-01-54                                                    | CUSIP: 3132DWML4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    723211 | PA      | $740921.62    | 0.01%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8462 09-01-54                                                    | CUSIP: 3132DWMK6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    178596 | PA      | $181102.24    | 0.00%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FAHB 2024-HB1                                                     | FAHB 2024-HB1 A1A 144A FRN 10-01-34                                              | CUSIP: 31737DAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    797015 | PA      | $797182.68    | 0.01%             | 2034-10-01      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 SD6733 10-01-54                                                    | CUSIP: 3132DUPS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    460557 | PA      | $478530.20    | 0.00%             | 2054-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 BU5165 11-01-54                                                    | CUSIP: 3140M6W33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     60314 | PA      | $61317.23     | 0.00%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 CB9432 11-01-54                                                    | CUSIP: 3140QVPS7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  17380770 | PA      | $17904435.21  | 0.14%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ2917 11-01-54                                                    | CUSIP: 3142GTG34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  20105457 | PA      | $20412768.82  | 0.16%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ2922 11-01-54                                                    | CUSIP: 3142GTG83<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1835988 | PA      | $1883474.26   | 0.02%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8493 12-01-54                                                    | CUSIP: 3132DWNJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2441210 | PA      | $2474058.74   | 0.02%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8432 05-01-54                                                    | CUSIP: 3132DWLM3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1045956 | PA      | $1071250.53   | 0.01%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 FS9025 09-01-54                                                    | CUSIP: 3140XRA39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   7994891 | PA      | $8168564.30   | 0.07%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FMBT 2024-FBLU                                                    | FMBT 2024-FBLU A 144A FRN 12-15-39                                               | CUSIP: 34461WAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5334000 | PA      | $5347564.36   | 0.04%             | 2039-12-15      | Variable      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 CB9616 12-01-54                                                    | CUSIP: 3140QVVJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   6712572 | PA      | $6823175.49   | 0.05%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 QX0376 12-01-54                                                    | CUSIP: 31425UM28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   5793694 | PA      | $5890634.58   | 0.05%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8469 10-01-54                                                    | CUSIP: 3132DWMS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   7083849 | PA      | $7182519.55   | 0.06%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 DA4639 12-01-53                                                    | CUSIP: 3140A5EM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      7506 | PA      | $7879.50      | 0.00%             | 2053-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8494 01-01-55                                                    | CUSIP: 3132DWNK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   4154568 | PA      | $4210259.86   | 0.03%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 MA5472 09-01-54                                                    | CUSIP: 31418FCJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3089836 | PA      | $3202574.60   | 0.03%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8475 11-01-54                                                    | CUSIP: 3132DWMY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    580035 | PA      | $587913.17    | 0.00%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 DC4451 10-01-54                                                    | CUSIP: 3140AR5M8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    901271 | PA      | $916674.22    | 0.01%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA5553 12-01-54                                                    | CUSIP: 31418FE37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   8431159 | PA      | $8544609.09   | 0.07%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 DC4585 11-01-54                                                    | CUSIP: 3140ASCX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2415492 | PA      | $2449874.22   | 0.02%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP - GOLD                            | FGLMC 4.5 Z40273 10-01-48                                                        | CUSIP: 3132FCJS5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    133288 | PA      | $133051.43    | 0.00%             | 2048-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS8795 08-01-54                                                    | CUSIP: 3140XQXZ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    154835 | PA      | $158709.60    | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5587 01-01-55                                                    | CUSIP: 31418FF51<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3778371 | PA      | $3871410.06   | 0.03%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8507 02-01-55                                                    | CUSIP: 3132DWNY5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    329774 | PA      | $337850.10    | 0.00%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8516 03-01-55                                                    | CUSIP: 3132DWN90<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    397290 | PA      | $407019.50    | 0.00%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCI UMBS 6.0 MA5685 04-01-40                                                    | CUSIP: 31418FJ73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1585269 | PA      | $1642439.71   | 0.01%             | 2040-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCI UMBS 6.0 DB4044 05-01-39                                                    | CUSIP: 3140ADP62<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1870215 | PA      | $1944827.47   | 0.02%             | 2039-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCI UMBS 6.0 DC1020 09-01-39                                                    | CUSIP: 3140AND22<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     32042 | PA      | $33222.61     | 0.00%             | 2039-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FA0287 12-01-54                                                    | CUSIP: 3140W0J97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  24318959 | PA      | $24930969.66  | 0.20%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SL1138 05-01-55                                                    | CUSIP: 31427NHQ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    675319 | PA      | $692407.88    | 0.01%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FA1162 04-01-55                                                    | CUSIP: 3140W1JG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     46355 | PA      | $47508.67     | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DD4459 04-01-55                                                    | CUSIP: 3140B45V8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     44999 | PA      | $46106.75     | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DC5696 11-01-54                                                    | CUSIP: 3140ATKJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   7142140 | PA      | $7328378.48   | 0.06%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RQ0041 08-01-55                                                    | CUSIP: 3142J6BK8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    403768 | PA      | $413741.86    | 0.00%             | 2055-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA5792 08-01-55                                                    | CUSIP: 31418FNJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3433235 | PA      | $3478457.82   | 0.03%             | 2055-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 QJ3296 08-01-54                                                    | CUSIP: 3133CTUV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     35176 | PA      | $36090.72     | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DC3459 09-01-54                                                    | CUSIP: 3140AQZZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     30545 | PA      | $31303.83     | 0.00%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DC3262 09-01-54                                                    | CUSIP: 3140AQTU6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     59719 | PA      | $61206.95     | 0.00%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 CC0879 08-01-55                                                    | CUSIP: 3140Y66R6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    294963 | PA      | $306140.19    | 0.00%             | 2055-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RQ0050 09-01-55                                                    | CUSIP: 3142J6BU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    155119 | PA      | $158992.03    | 0.00%             | 2055-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RQ0027 07-01-55                                                    | CUSIP: 3142J6A52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  23130773 | PA      | $23435428.20  | 0.19%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RQ0056 10-01-55                                                    | CUSIP: 3142J6B28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    526375 | PA      | $533307.98    | 0.00%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 FP0128 06-01-54                                                    | CUSIP: 3140XTEA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3996094 | PA      | $4143038.20   | 0.03%             | 2054-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 FA2842 07-01-55                                                    | CUSIP: 3140W3EQ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   8091011 | PA      | $8393614.98   | 0.07%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 FA2843 03-01-55                                                    | CUSIP: 3140W3ER6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   7801228 | PA      | $8091020.00   | 0.06%             | 2055-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 7.0 MA5649 03-01-55                                                    | CUSIP: 31418FH34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1494567 | PA      | $1568584.18   | 0.01%             | 2055-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 7.0 SL2928 01-01-55                                                    | CUSIP: 31427QHE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    336254 | PA      | $353058.26    | 0.00%             | 2055-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP - GOLD                            | FGLMC 5.5 G02162 05-01-36                                                        | CUSIP: 3128LXMK3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     63769 | PA      | $66655.46     | 0.00%             | 2036-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP - GOLD                            | FGLMC 5.5 A23893 110K MAX 07-01-34                                               | CUSIP: 31297BKE1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     89176 | PA      | $92770.42     | 0.00%             | 2034-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.605 AO0461 08-20-65                                                       | CUSIP: 3617A0QN9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3061 | PA      | $3058.01      | 0.00%             | 2065-08-20      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| GSMS 2017-GS6                                                     | GSMS 2017-GS6 A3 3.433% 05-10-50                                                 | CUSIP: 36253PAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4459000 | PA      | $4404435.22   | 0.04%             | 2050-05-10      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST GSMS_17-GS7                          | GSMS 17-GS7 A4 3.43% 08-10-50/07-12-27                                           | CUSIP: 36254CAV2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $986326.00    | 0.01%             | 2050-08-10      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2SF 5.0 MA5765 02-20-49                                                         | CUSIP: 36179UMN9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    279478 | PA      | $284136.76    | 0.00%             | 2049-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST NRZT 18-5A                    | NRZT 2018-5A A1 144A FRN 12-25-57                                                | CUSIP: 64829XAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    613149 | PA      | $615395.01    | 0.00%             | 2057-12-25      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| NRZT 2018-3A                                                      | NRZT 2018-3A A1 144A FRN 05-25-58                                                | CUSIP: 64830KAA5<br>LEI: 549300U48YU2VDL8N523 | Long             | ABS-CBDO         | CORP              | US        |    568916 | PA      | $559616.78    | 0.00%             | 2058-05-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST NRZT_15-2A                    | NRZT 2015-2A A1 144A FRN 08-25-55                                                | CUSIP: 64829EAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    377678 | PA      | $369564.39    | 0.00%             | 2055-08-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST NRZT_16-2A                    | NRZT 2016-2A A1 144A FRN 11-26-35                                                | CUSIP: 64829GAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    179585 | PA      | $175436.95    | 0.00%             | 2035-11-26      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| NYMT 2024-CP1                                                     | NYMT 2024-CP1 A1 144A FRN 02-25-68                                               | CUSIP: 67118PAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2562099 | PA      | $2409820.37   | 0.02%             | 2068-02-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| NRZT 2025-NQM2                                                    | NRZT 2025-NQM2 A1 144A 5.566% 04-25-65                                           | CUSIP: 64831XAC2<br>LEI: 2138006ZAYPD4ZHQYX81 | Long             | ABS-CBDO         | CORP              | US        |   3917203 | PA      | $3959328.47   | 0.03%             | 2065-04-25      | Variable      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| NYC 2025-28L                                                      | NYC 2025-28L B 144A FRN 11-05-38                                                 | CUSIP: 67123JAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    777000 | PA      | $779339.55    | 0.01%             | 2038-11-05      | Variable      | 5.01%                 | Yes           |                  2 | On Loan: No      |
| NYC 2025-28L                                                      | NYC 2025-28L A 144A FRN 11-05-38                                                 | CUSIP: 67123JAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10711000 | PA      | $10741151.47  | 0.09%             | 2038-11-05      | Variable      | 4.67%                 | Yes           |                  2 | On Loan: No      |
| ONE MARKET PLAZA TRUST OMPT_17-1MKT                               | OMPT 2017-1MKT A 144A 3.6139% 02-10-32                                           | CUSIP: 68245HAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7505037 | PA      | $7172151.44   | 0.06%             | 2032-02-10      | Fixed         | 3.61%                 | Yes           |                  2 | On Loan: No      |
| OBX 2022-NQM7                                                     | OBX 2022-NQM7 A1 144A 5.11% 08-25-62                                             | CUSIP: 67117DAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2766923 | PA      | $2765071.86   | 0.02%             | 2062-08-25      | Variable      | 5.11%                 | Yes           |                  2 | On Loan: No      |
| OBX TRUST OBX_22-NQM9                                             | OBX 2022-NQM9 A1A 144A 6.45% 09-25-62                                            | CUSIP: 67118LAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4345405 | PA      | $4334497.91   | 0.03%             | 2062-09-25      | Variable      | 6.45%                 | Yes           |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL LLC OBX_2023-NQM4                            | OBX 2023-NQM4 A1 144A 6.113% 03-25-63                                            | CUSIP: 67448GAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5141105 | PA      | $5153926.67   | 0.04%             | 2063-03-25      | Variable      | 6.11%                 | Yes           |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL LLC OBX_24-NMQ1                              | OBX 2024-NQM1 A1 144A 5.928% 11-25-63                                            | CUSIP: 67448LAA0<br>LEI: 254900UI1468MQ7I8472 | Long             | ABS-CBDO         | CORP              | US        |    867972 | PA      | $873844.25    | 0.01%             | 2063-11-25      | Variable      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| OLIT 2024-HB1                                                     | OLIT 2024-HB1 A 144A 3.0% 02-25-37                                               | CUSIP: 675952AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4089232 | PA      | $4037740.29   | 0.03%             | 2037-02-25      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| OBX 2024-NQM4                                                     | OBX 2024-NQM4 A1 144A 6.067% 01-25-64                                            | CUSIP: 67118TAA2<br>LEI: 254900LSNFNEGAD7J679 | Long             | ABS-CBDO         | CORP              | US        |   5798331 | PA      | $5850782.62   | 0.05%             | 2064-01-25      | Variable      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| OBX 2024-HYB2                                                     | OBX 2024-HYB2 A1 144A FRN 04-25-53                                               | CUSIP: 67118RAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  11880594 | PA      | $11730625.02  | 0.09%             | 2053-04-25      | Variable      | 3.70%                 | Yes           |                  2 | On Loan: No      |
| OBX 2024-NQM5                                                     | OBX 2024-NQM5 A1 144A 5.988% 01-25-64                                            | CUSIP: 67448NAA6<br>LEI: 254900RDM4XSF0B1E373 | Long             | ABS-CBDO         | CORP              | US        |   7361649 | PA      | $7425489.08   | 0.06%             | 2064-01-25      | Variable      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| OBX 2024-NQM6                                                     | OBX 2024-NQM6 A1 144A 6.447% 02-25-64                                            | CUSIP: 67118XAA3<br>LEI: 254900LMIQVUH9BFZJ05 | Long             | ABS-CBDO         | CORP              | US        |   1864115 | PA      | $1896610.07   | 0.02%             | 2064-02-25      | Variable      | 6.45%                 | Yes           |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL LLC OBX_24-NQM7                              | OBX 2024-NQM7 A1 144A 6.243% 03-25-64                                            | CUSIP: 67119FAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8749417 | PA      | $8848845.56   | 0.07%             | 2064-03-25      | Variable      | 6.24%                 | Yes           |                  2 | On Loan: No      |
| OBX 2024-NQM8                                                     | OBX 2024-NQM8 A1 144A 6.233% 05-25-64                                            | CUSIP: 67119CAA8<br>LEI: 254900Y1YRD8JNADSC78 | Long             | ABS-CBDO         | CORP              | US        |  21505621 | PA      | $21763860.79  | 0.17%             | 2064-05-25      | Variable      | 6.23%                 | Yes           |                  2 | On Loan: No      |
| ACAR 2024-3                                                       | ACAR 2024-3 A 144A 5.76% 11-12-27                                                | CUSIP: 02490BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     85218 | PA      | $85265.48     | 0.00%             | 2027-11-12      | Fixed         | 5.76%                 | Yes           |                  2 | On Loan: No      |
| ACAR 2024-3                                                       | ACAR 2024-3 B 144A 5.66% 08-14-28                                                | CUSIP: 02490BAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6537000 | PA      | $6552649.58   | 0.05%             | 2028-08-14      | Fixed         | 5.66%                 | Yes           |                  2 | On Loan: No      |
| ALLEG 2019-1A                                                     | ALLEG 2019-1A ARR CLO 144A FRN 04-20-32                                          | CUSIP: 01750FAS5<br>LEI: 254900MQVJ2U7KN3HP03 | Long             | ABS-O            | CORP              | KY        |   2210648 | PA      | $2211752.90   | 0.02%             | 2032-04-20      | Variable      | 5.01%                 | Yes           |                  2 | On Loan: No      |
| AXIS 2024-2A                                                      | AXIS 2024-2A A2 144A 5.19% 07-21-31                                              | CUSIP: 03238BAB9<br>LEI: 254900VBZK8DVZNJFJ70 | Long             | ABS-O            | CORP              | US        |   3251055 | PA      | $3294267.78   | 0.03%             | 2031-07-21      | Fixed         | 5.19%                 | Yes           |                  2 | On Loan: No      |
| AFFRM 2024-B                                                      | AFFRM 2024-B A 144A 4.62% 09-15-29                                               | CUSIP: 00835AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10839000 | PA      | $10866953.78  | 0.09%             | 2029-09-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| AVCCT 2024-2A                                                     | AVCCT 2024-2A A 144A 5.38% 05-15-29                                              | CUSIP: 05351KAK5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  39223000 | PA      | $39303250.26  | 0.32%             | 2029-05-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| ACAR 2024-4                                                       | ACAR 2024-4 B 144A 4.8% 11-13-28                                                 | CUSIP: 024945AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2044000 | PA      | $2045255.02   | 0.02%             | 2028-11-13      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| ACHV 2024-3AL                                                     | ACHV 2024-3AL A 144A 5.01% 12-26-31                                              | CUSIP: 00092KAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    871601 | PA      | $880081.18    | 0.01%             | 2031-12-26      | Fixed         | 5.01%                 | Yes           |                  2 | On Loan: No      |
| ACHV 2024-3AL                                                     | ACHV 2024-3AL B 144A 5.45% 12-26-31                                              | CUSIP: 00092KAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475860 | PA      | $480865.79    | 0.00%             | 2031-12-26      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| AFFRM 2024-X2                                                     | AFFRM 2024-X2 A 144A 5.22% 12-17-29                                              | CUSIP: 00833QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1897572 | PA      | $1898685.84   | 0.02%             | 2029-12-17      | Fixed         | 5.22%                 | Yes           |                  2 | On Loan: No      |
| APOLLO AVIATION SECURITIZATION EQUITY TRUST AASET_25-1            | AASET 2025-1A A 144A 5.943% 02-16-50                                             | CUSIP: 00258PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    346446 | PA      | $354066.04    | 0.00%             | 2050-02-16      | Fixed         | 5.94%                 | Yes           |                  2 | On Loan: No      |
| ACAR 2025-1                                                       | ACAR 2025-1 A 144A 4.67% 07-12-28                                                | CUSIP: 02528DAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1655545 | PA      | $1657264.71   | 0.01%             | 2028-07-12      | Fixed         | 4.67%                 | Yes           |                  2 | On Loan: No      |
| ACHV 2025-1PL                                                     | ACHV 2025-1PL C 144A 5.31% 04-26-32                                              | CUSIP: 00112MAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1560477 | PA      | $1566706.20   | 0.01%             | 2032-04-26      | Fixed         | 5.31%                 | Yes           |                  2 | On Loan: No      |
| ACHV 2025-1PL                                                     | ACHV 2025-1PL B 144A 5.04% 04-26-32                                              | CUSIP: 00112MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1318658 | PA      | $1323984.09   | 0.01%             | 2032-04-26      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| ACHV 2025-1PL                                                     | ACHV 2025-1PL A 144A 4.76% 04-26-32                                              | CUSIP: 00112MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2502016 | PA      | $2510317.80   | 0.02%             | 2032-04-26      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_22-4A                        | AESOP 2022-4A A 144A 4.77% 02-20-29                                              | CUSIP: 05377RFP4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9913000 | PA      | $10024907.86  | 0.08%             | 2029-02-20      | Fixed         | 4.77%                 | Yes           |                  2 | On Loan: No      |
| AFFRM 2025-X1                                                     | AFFRM 2025-X1 A 144A 5.08% 04-15-30                                              | CUSIP: 00834MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12586114 | PA      | $12610380.49  | 0.10%             | 2030-04-15      | Fixed         | 5.08%                 | Yes           |                  2 | On Loan: No      |
| ACAR 2025-2                                                       | ACAR 2025-2 A 144A 4.81% 09-12-28                                                | CUSIP: 024938AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8183891 | PA      | $8195225.72   | 0.07%             | 2028-09-12      | Fixed         | 4.81%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_25-1                         | AESOP 2025-1A A 144A 4.8% 08-20-29                                               | CUSIP: 05377RKL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1506000 | PA      | $1532909.21   | 0.01%             | 2029-08-20      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_25-2                         | AESOP 2025-2A A 144A 5.12% 08-20-31                                              | CUSIP: 05377RKQ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3503000 | PA      | $3611964.32   | 0.03%             | 2031-08-20      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| AXIS 2025-1A                                                      | AXIS 2025-1A A2 144A 4.7% 09-22-31                                               | CUSIP: 03237FAB1<br>LEI: 254900UXD59DZRJ7U848 | Long             | ABS-O            | CORP              | US        |   5997384 | PA      | $6060752.54   | 0.05%             | 2031-09-22      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| AASET 2025-2A                                                     | AASET 2025-2A A 144A 5.522% 02-16-50                                             | CUSIP: 00039NAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1893646 | PA      | $1912328.95   | 0.02%             | 2050-02-16      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| AFFIRM MASTER TRUST AFRMT_25-2-A                                  | AFRMT 2025-2A A 144A 4.67% 07-15-33                                              | CUSIP: 00833BAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1799000 | PA      | $1809468.38   | 0.01%             | 2033-07-15      | Fixed         | 4.67%                 | Yes           |                  2 | On Loan: No      |
| ARIVO ACCEPTANCE AUTO LOAN RECEIVABLES TRUST ARIVO_25-1           | ARIVO 2025-1A A2 144A 4.92% 05-15-29                                             | CUSIP: 039962AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2777000 | PA      | $2774150.80   | 0.02%             | 2029-05-15      | Fixed         | 4.92%                 | Yes           |                  2 | On Loan: No      |
| APEXC 2021-2A                                                     | APEXC 2021-2A A1AR CLO 144A FRN 10-20-34                                         | CUSIP: 03755QAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4688000 | PA      | $4685656.00   | 0.04%             | 2034-10-20      | Variable      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| APEXC 2021-2A                                                     | APEXC 2021-2A A1BR CLO 144A FRN 10-20-34                                         | CUSIP: 03755QAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $5994060.00   | 0.05%             | 2034-10-20      | Variable      | 5.43%                 | Yes           |                  2 | On Loan: No      |
| AFRMT 2025-3A                                                     | AFRMT 2025-3A A 144A 4.45% 10-16-34                                              | CUSIP: 00833BAN8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14096000 | PA      | $14137103.94  | 0.11%             | 2034-10-16      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| APL FINANCE LLC ASHPL_25-1A                                       | ASHPL 2025-1A A 144A 4.81% 03-20-36                                              | CUSIP: 03790CAF8<br>LEI: 6354009RKO5CXUKYBH41 | Long             | ABS-O            | CORP              | US        |   5121399 | PA      | $5140435.48   | 0.04%             | 2036-03-20      | Fixed         | 4.81%                 | Yes           |                  2 | On Loan: No      |
| ARES 2021-62A                                                     | ARES 2021-62A A1R CLO 144A FRN 01-25-34                                          | CUSIP: 00192WAL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   5000000 | PA      | $5001000.00   | 0.04%             | 2034-01-25      | Variable      | 4.93%                 | Yes           |                  2 | On Loan: No      |
| ACAR 2025-4                                                       | ACAR 2025-4 A 144A 4.42% 05-14-29                                                | CUSIP: 024948AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15762000 | PA      | $15778424.00  | 0.13%             | 2029-05-14      | Fixed         | 4.42%                 | Yes           |                  2 | On Loan: No      |
| ATCLO 2021-16A                                                    | ATCLO 2021-16A AR CLO 144A FRN 01-20-34                                          | CUSIP: 04940AAN2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3000750.00   | 0.02%             | 2034-01-20      | Variable      | 4.98%                 | Yes           |                  2 | On Loan: No      |
| ATCLO 2021-16A                                                    | ATCLO 2021-16A C1R CLO 144A FRN 01-20-34                                         | CUSIP: 04940AAS1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1617000 | PA      | $1618455.30   | 0.01%             | 2034-01-20      | Variable      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| AFFRM 2025-X2                                                     | AFFRM 2025-X2 A 144A 4.45% 10-15-30                                              | CUSIP: 00835DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20873000 | PA      | $20940211.06  | 0.17%             | 2030-10-15      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| ARES 2019-53A                                                     | ARES 2019-53A A1R2 CLO 144A FRN 10-24-36                                         | CUSIP: 04009GBE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  36363000 | PA      | $36372090.75  | 0.29%             | 2036-10-24      | Variable      | 4.92%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_20-2                         | AESOP 2020-2A A 144A 2.02% 02-20-27                                              | CUSIP: 05377RDY7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9134500 | PA      | $9103543.18   | 0.07%             | 2027-02-20      | Fixed         | 2.02%                 | Yes           |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST BHG_21-A                                 | BHG 2021-A A 144A 1.42% 11-17-33                                                 | CUSIP: 08861YAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    396873 | PA      | $393571.57    | 0.00%             | 2033-11-17      | Fixed         | 1.42%                 | Yes           |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST BHG_21-B                                 | BHG 2021-B B 144A 1.67% 10-17-34                                                 | CUSIP: 08862BAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    309866 | PA      | $306562.08    | 0.00%             | 2034-10-17      | Fixed         | 1.67%                 | Yes           |                  2 | On Loan: No      |
| BRIDGECREST LENDING AUTO SECURITIZATION TRUST BLAST_24-1          | BLAST 2024-1 B 5.43% 08-15-28                                                    | CUSIP: 107933AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1412533 | PA      | $1415058.46   | 0.01%             | 2028-08-15      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| BREX COMMERCIAL CHARGE CARD MASTER TRUST BREX_24-1                | BREX 2024-1 A1 144A 6.05% 07-15-27                                               | CUSIP: 05601DAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7535000 | PA      | $7566436.02   | 0.06%             | 2027-07-15      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CREDIT CARD TRUST BACCT_24-A1                     | BACCT 2024-A1 A 4.93% 05-15-29                                                   | CUSIP: 05522RDJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9889000 | PA      | $10049528.14  | 0.08%             | 2029-05-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| BRIDGECREST LENDING AUTO SECURITIZATION TRUST BLAST_24-2          | BLAST 2024-2 A3 5.84% 06-15-28                                                   | CUSIP: 10805MAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6118246 | PA      | $6136136.15   | 0.05%             | 2028-06-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| BAAT 2024-1A                                                      | BAAT 2024-1A A3 144A 5.35% 11-15-28                                              | CUSIP: 09709AAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    362314 | PA      | $365085.98    | 0.00%             | 2028-11-15      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| BLAST 2024-3                                                      | BLAST 2024-3 B 5.37% 10-16-28                                                    | CUSIP: 10805NAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1977000 | PA      | $1985856.96   | 0.02%             | 2028-10-16      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| BLAST 2024-3                                                      | BLAST 2024-3 A3 5.34% 04-17-28                                                   | CUSIP: 10805NAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2369864 | PA      | $2374035.36   | 0.02%             | 2028-04-17      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| BJETS 2024-2A                                                     | BJETS 2024-2A A 144A 5.364% 09-15-39                                             | CUSIP: 12326TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    612415 | PA      | $619349.21    | 0.00%             | 2039-09-15      | Fixed         | 5.36%                 | Yes           |                  2 | On Loan: No      |
| BRIDGECREST LENDING AUTO SECURITIZATION TRUST BLAST_24-4          | BLAST 2024-4 A3 4.72% 09-15-28                                                   | CUSIP: 10806EAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8074000 | PA      | $8089808.89   | 0.06%             | 2028-09-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| CARMX 2024-3                                                      | CARMX 2024-3 A3 4.89% 07-16-29                                                   | CUSIP: 14319GAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11601000 | PA      | $11737102.93  | 0.09%             | 2029-07-16      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| CARMX 2024-3                                                      | CARMX 2024-3 B 5.08% 02-15-30                                                    | CUSIP: 14319GAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2472000 | PA      | $2522841.62   | 0.02%             | 2030-02-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| CLARUS 2024-1A                                                    | CLARUS 2024-1A A2 144A 4.71% 08-20-32                                            | CUSIP: 18271JAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7515738 | PA      | $7541832.69   | 0.06%             | 2032-08-20      | Fixed         | 4.71%                 | Yes           |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST CHAOT_24-5                                 | CHAOT 2024-5A A2 144A 4.4% 11-26-27                                              | CUSIP: 16144QAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4925778 | PA      | $4929270.74   | 0.04%             | 2027-11-26      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| CPS 2024-D                                                        | CPS 2024-D B 144A 4.65% 03-15-29                                                 | CUSIP: 22411JAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    597000 | PA      | $597684.16    | 0.00%             | 2029-03-15      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| AFFRM 2025-X2                                                     | AFFRM 2025-X2 B 144A 4.56% 10-15-30                                              | CUSIP: 00835DAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1593000 | PA      | $1598655.15   | 0.01%             | 2030-10-15      | Fixed         | 4.56%                 | Yes           |                  2 | On Loan: No      |
| APOLLO AVIATION SECURITIZATION EQUITY TRUST AASET_25-3            | AASET 2025-3A A 144A 5.243% 02-16-50                                             | CUSIP: 00039NAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7745000 | PA      | $7795117.90   | 0.06%             | 2050-02-16      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| ANSLEY PARK CAPITAL 2025-A LLC                                    | APARK 2025-A A2 144A 4.43% 04-20-35                                              | CUSIP: 03637AAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  27929000 | PA      | $28116962.17  | 0.23%             | 2035-04-20      | Fixed         | 4.43%                 | Yes           |                  2 | On Loan: No      |
| CPS 2024-D                                                        | CPS 2024-D A 144A 4.91% 06-15-28                                                 | CUSIP: 22411JAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2076239 | PA      | $2078759.17   | 0.02%             | 2028-06-15      | Fixed         | 4.91%                 | Yes           |                  2 | On Loan: No      |
| CARMX 2024-4                                                      | CARMX 2024-4 A2A 4.67% 12-15-27                                                  | CUSIP: 14290DAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4376541 | PA      | $4383613.34   | 0.04%             | 2027-12-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST CRVNA_24-N3                        | CRVNA 2024-N3 A3 144A 4.53% 01-10-29                                             | CUSIP: 14687WAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3004173.00   | 0.02%             | 2029-01-10      | Fixed         | 4.53%                 | Yes           |                  2 | On Loan: No      |
| CAALT 2024-1A                                                     | CAALT 2024-1A A 144A 5.68% 03-15-34                                              | CUSIP: 22537GAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1665000 | PA      | $1679525.46   | 0.01%             | 2034-03-15      | Fixed         | 5.68%                 | Yes           |                  2 | On Loan: No      |
| CARMX 2025-1                                                      | CARMX 2025-1 A2A 4.63% 03-15-28                                                  | CUSIP: 14319WAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1921439 | PA      | $1925952.59   | 0.02%             | 2028-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CLAST 2025-1A                                                     | CLAST 2025-1A A 144A 5.783% 02-15-50                                             | CUSIP: 14856VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1292186 | PA      | $1317065.79   | 0.01%             | 2050-02-15      | Fixed         | 5.78%                 | Yes           |                  2 | On Loan: No      |
| CCG RECEIVABLES TRUST CCG_23-1                                    | CCG 2023-1 B 144A 5.99% 09-16-30                                                 | CUSIP: 12512XAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $6065724.00   | 0.05%             | 2030-09-16      | Fixed         | 5.99%                 | Yes           |                  2 | On Loan: No      |
| CNH 2025-A                                                        | CNH 2025-A A3 4.36% 08-15-30                                                     | CUSIP: 12674BAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8000000 | PA      | $8095296.00   | 0.07%             | 2030-08-15      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| CCG RECEIVABLES TRUST CCG_23-1                                    | CCG 2023-1 A2 144A 5.82% 09-16-30                                                | CUSIP: 12512XAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1577528 | PA      | $1584233.79   | 0.01%             | 2030-09-16      | Fixed         | 5.82%                 | Yes           |                  2 | On Loan: No      |
| CPS 2025-B                                                        | CPS 2025-B B 144A 4.79% 11-15-29                                                 | CUSIP: 12630SAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3214000 | PA      | $3228694.41   | 0.03%             | 2029-11-15      | Fixed         | 4.79%                 | Yes           |                  2 | On Loan: No      |
| CPS 2025-B                                                        | CPS 2025-B A 144A 4.74% 02-15-29                                                 | CUSIP: 12630SAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6459024 | PA      | $6474900.77   | 0.05%             | 2029-02-15      | Fixed         | 4.74%                 | Yes           |                  2 | On Loan: No      |
| CRVNA 2024-N1                                                     | CRVNA 2024-N1 B 144A 5.63% 05-10-30                                              | CUSIP: 14687QAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3533390.00   | 0.03%             | 2030-05-10      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| CNH 2025-B                                                        | CNH 2025-B A3 4.3% 10-15-30                                                      | CUSIP: 12675EAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2024166.00   | 0.02%             | 2030-10-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CANYC 2021-1A                                                     | CANYC 2021-1A AR CLO 144A FRN 04-15-34                                           | CUSIP: 13877EAL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  13000000 | PA      | $13010920.00  | 0.10%             | 2034-04-15      | Variable      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| CLAST 2025-3A                                                     | CLAST 2025-3A A 144A 5.087% 11-15-50                                             | CUSIP: 14855YAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8041000 | PA      | $8100141.56   | 0.07%             | 2050-11-15      | Fixed         | 5.09%                 | Yes           |                  2 | On Loan: No      |
| CPS 2025-D                                                        | CPS 2025-D A 144A 4.46% 07-16-29                                                 | CUSIP: 223936AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  16950805 | PA      | $16961517.62  | 0.14%             | 2029-07-16      | Fixed         | 4.46%                 | Yes           |                  2 | On Loan: No      |
| CEFI 2025-1A                                                      | CEFI 2025-1A A 144A 4.83% 05-15-31                                               | CUSIP: 20166TAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12794000 | PA      | $12845073.65  | 0.10%             | 2031-05-15      | Fixed         | 4.83%                 | Yes           |                  2 | On Loan: No      |
| CAALT 2025-2A                                                     | CAALT 2025-2A A 144A 4.5% 11-15-35                                               | CUSIP: 224940AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14633000 | PA      | $14662704.99  | 0.12%             | 2035-11-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CERBERUS ONSHORE CLO LLC CERB_25-4                                | CERB 2025-4A A CLO 144A FRN 01-15-38                                             | CUSIP: 15674YAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5001250.00   | 0.04%             | 2038-01-15      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| CLI FUNDING VI LLC                                                | CLIF 2020-1A A 144A 2.08% 09-18-45                                               | CUSIP: 12563LAN7<br>LEI: 549300NQLBWJD5AREU05 | Long             | ABS-O            | CORP              | US        |   4670118 | PA      | $4406873.07   | 0.04%             | 2045-09-18      | Fixed         | 2.08%                 | Yes           |                  2 | On Loan: No      |
| CLI FUNDING LLC CLIF_20-2                                         | CLIF 2020-2A A 144A 2.03% 09-15-45                                               | CUSIP: 12563LAQ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2132444 | PA      | $2013754.77   | 0.02%             | 2045-09-15      | Fixed         | 2.03%                 | Yes           |                  2 | On Loan: No      |
| CLI FUNDING VI LLC                                                | CLIF 2020-3A A 144A 2.07% 10-18-45                                               | CUSIP: 12563LAS6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3790113 | PA      | $3584378.09   | 0.03%             | 2045-10-18      | Fixed         | 2.07%                 | Yes           |                  2 | On Loan: No      |
| DT AUTO OWNER TRUST DTAOT_23-1                                    | DTAOT 2023-1A C 144A 5.55% 10-16-28                                              | CUSIP: 23346KAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2567939 | PA      | $2574664.73   | 0.02%             | 2028-10-16      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| DRYDEN SENIOR LOAN FUND DRSLF_18-60A                              | DRSLF 2018-60A A CLO 144A FRN 07-15-31                                           | CUSIP: 26251NAB6<br>LEI: 549300KI3ILQQHC87U86 | Long             | ABS-O            | CORP              | KY        |    301979 | PA      | $302525.64    | 0.00%             | 2031-07-15      | Variable      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| DRYDEN SENIOR LOAN FUND DRSLF_15-37A                              | DRSLF 2015-37A AR CLO 144A FRN 01-15-31                                          | CUSIP: 26249MAN7<br>LEI: 254900I0IPNA482LDS44 | Long             | ABS-O            | CORP              | KY        |    513083 | PA      | $513467.76    | 0.00%             | 2031-01-15      | Variable      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| DT AUTO OWNER TRUST DTAOT_23-3                                    | DTAOT 2023-3A C 144A 6.4% 05-15-29                                               | CUSIP: 23345WAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1187000 | PA      | $1196753.58   | 0.01%             | 2029-05-15      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: No      |
| DRIVE 2024-1                                                      | DRIVE 2024-1 B 5.31% 01-16-29                                                    | CUSIP: 26208WAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1626000 | PA      | $1633195.05   | 0.01%             | 2029-01-16      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| DRIVE 2024-1                                                      | DRIVE 2024-1 C 5.43% 11-17-31                                                    | CUSIP: 26208WAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2892000 | PA      | $2930784.61   | 0.02%             | 2031-11-17      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| DRIVE 2024-1                                                      | DRIVE 2024-1 A3 5.35% 02-15-28                                                   | CUSIP: 26208WAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    513387 | PA      | $513637.61    | 0.00%             | 2028-02-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| DEFT 2024-1                                                       | DEFT 2024-1 A3 144A 5.39% 03-22-30                                               | CUSIP: 24702GAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9810391 | PA      | $9880976.86   | 0.08%             | 2030-03-22      | Fixed         | 5.39%                 | Yes           |                  2 | On Loan: No      |
| DAIMLER TRUCKS RETAIL TRUST DTRT_24-1                             | DTRT 2024-1 A3 5.49% 12-15-27                                                    | CUSIP: 233874AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2579939 | PA      | $2601994.95   | 0.02%             | 2027-12-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| DLLAD 2024-1A                                                     | DLLAD 2024-1A A3 144A 5.3% 07-20-29                                              | CUSIP: 23346MAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1227000 | PA      | $1253984.18   | 0.01%             | 2029-07-20      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| DLLAD 2024-1A                                                     | DLLAD 2024-1A A2 144A 5.5% 08-20-27                                              | CUSIP: 23346MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1728088 | PA      | $1736403.53   | 0.01%             | 2027-08-20      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| DRIVE 2024-2                                                      | DRIVE 2024-2 A3 4.5% 09-15-28                                                    | CUSIP: 26207AAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3733000 | PA      | $3738573.37   | 0.03%             | 2028-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DRIVE 2024-2                                                      | DRIVE 2024-2 B 4.52% 07-16-29                                                    | CUSIP: 26207AAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3118000 | PA      | $3126976.72   | 0.03%             | 2029-07-16      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| DRSLF 2016-45A                                                    | DRSLF 2016-45A A1RR CLO 144A FRN 10-15-30                                        | CUSIP: 26244MAW2<br>LEI: 54930046L20VLJKPVV31 | Long             | ABS-O            | CORP              | KY        |   2923148 | PA      | $2924726.30   | 0.02%             | 2030-10-15      | Variable      | 4.98%                 | Yes           |                  2 | On Loan: No      |
| DEFT 2024-2                                                       | DEFT 2024-2 A3 144A 4.59% 08-22-30                                               | CUSIP: 24704EAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3048000 | PA      | $3070872.19   | 0.02%             | 2030-08-22      | Fixed         | 4.59%                 | Yes           |                  2 | On Loan: No      |
| DEXT 2023-1                                                       | DEXT 2023-1 A2 144A 5.99% 03-15-32                                               | CUSIP: 25216BAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1369550 | PA      | $1377787.98   | 0.01%             | 2032-03-15      | Fixed         | 5.99%                 | Yes           |                  2 | On Loan: No      |
| DEFT 2025-1                                                       | DEFT 2025-1 A2 144A 4.68% 07-22-27                                               | CUSIP: 24703UAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5517644.00   | 0.04%             | 2027-07-22      | Fixed         | 4.68%                 | Yes           |                  2 | On Loan: No      |
| DEFT 2025-1                                                       | DEFT 2025-1 A3 144A 4.61% 02-24-31                                               | CUSIP: 24703UAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5553113.50   | 0.04%             | 2031-02-24      | Fixed         | 4.61%                 | Yes           |                  2 | On Loan: No      |
| DRVPNK_25-1                                                       | DRVPNK 2025-1A A2 144A 4.72% 04-10-28                                            | CUSIP: 05330QAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9812466 | PA      | $9835074.38   | 0.08%             | 2028-04-10      | Fixed         | 4.72%                 | Yes           |                  2 | On Loan: No      |
| DRIVE 2025-1                                                      | DRIVE 2025-1 A3 4.73% 09-15-32                                                   | CUSIP: 262102AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5896000 | PA      | $5925084.97   | 0.05%             | 2032-09-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| DRIVE 2025-1                                                      | DRIVE 2025-1 C 4.99% 09-15-32                                                    | CUSIP: 262102AE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    467000 | PA      | $472624.55    | 0.00%             | 2032-09-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| DRIVE 2025-1                                                      | DRIVE 2025-1 A2 4.87% 08-15-28                                                   | CUSIP: 262102AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3726495 | PA      | $3735195.96   | 0.03%             | 2028-08-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| DRIVE 2025-1                                                      | DRIVE 2025-1 B 4.79% 09-15-32                                                    | CUSIP: 262102AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3477000 | PA      | $3505918.21   | 0.03%             | 2032-09-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| DLLMT 2024-1A                                                     | DLLMT 2024-1A A3 144A 4.84% 08-21-28                                             | CUSIP: 23347AAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5047150.00   | 0.04%             | 2028-08-21      | Fixed         | 4.84%                 | Yes           |                  2 | On Loan: No      |
| DLLAA 2025-1 LLC                                                  | DLLAA 2025-1A A4 144A 5.08% 04-20-33                                             | CUSIP: 233249AD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3555000 | PA      | $3676858.29   | 0.03%             | 2033-04-20      | Fixed         | 5.08%                 | Yes           |                  2 | On Loan: No      |
| FORD CREDIT AUTO LEASE TRUST FORDL_24-A                           | FORDL 2024-A A3 5.06% 05-15-27                                                   | CUSIP: 345290AD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3632918 | PA      | $3640056.37   | 0.03%             | 2027-05-15      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| FIRST NATIONAL MASTER NOTE TRUST FNMNT_24-1                       | FNMNT 2024-1 A 5.34% 05-15-30                                                    | CUSIP: 32113CCB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4219000 | PA      | $4306367.05   | 0.03%             | 2030-05-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| FORTRESS CREDIT BSL LIMITED FCBSL_22-2A                           | FCBSL 2022-2A AR CLO 144A FRN 10-18-33                                           | CUSIP: 34964WAN2<br>LEI: 254900VHYDP7XYPMH337 | Long             | ABS-O            | CORP              | KY        |   3938000 | PA      | $3939378.30   | 0.03%             | 2033-10-18      | Variable      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| FORD CREDIT FLOORPLAN MASTER OWNER TRUST FORDF_24-3               | FORDF 2024-3 A1 144A 4.3% 09-15-29                                               | CUSIP: 34528QJK1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6810000 | PA      | $6853842.78   | 0.06%             | 2029-09-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| FCBSL 2019-2A                                                     | FCBSL 2019-2A A1AR CLO 144A FRN 10-20-32                                         | CUSIP: 34962DAN6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3787874 | PA      | $3786093.80   | 0.03%             | 2032-10-20      | Variable      | 4.93%                 | Yes           |                  2 | On Loan: No      |
| FCBSL 2019-2A                                                     | FCBSL 2019-2A CR CLO 144A FRN 10-20-32                                           | CUSIP: 34962DAU0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1748075.00   | 0.01%             | 2032-10-20      | Variable      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| FIRST NATIONAL MASTER NOTE TRUST FNMNT_25-1                       | FNMNT 2025-1 A 4.85% 02-15-30                                                    | CUSIP: 32113CCE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9391000 | PA      | $9593235.19   | 0.08%             | 2030-02-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| FORTRESS CREDIT BSL LTD FCBSL_23-1                                | FCBSL 2023-1A A1R CLO 144A FRN 04-23-36                                          | CUSIP: 34965DAU7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2400000 | PA      | $2405088.00   | 0.02%             | 2036-04-23      | Variable      | 5.43%                 | Yes           |                  2 | On Loan: No      |
| FORDF 2025-1                                                      | FORDF 2025-1 A1 4.63% 04-15-30                                                   | CUSIP: 34529BAA4<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |   4155000 | PA      | $4218625.52   | 0.03%             | 2030-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FYBR 2023-1                                                       | FYBR 2023-1 A2 144A 6.6% 08-20-53                                                | CUSIP: 35910EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9000000 | PA      | $9107766.00   | 0.07%             | 2053-08-20      | Fixed         | 6.60%                 | Yes           |                  2 | On Loan: No      |
| FLATIRON CLO 28 LTD FLAT_24-1A                                    | FLAT 2024-1A A1R CLO 144A FRN 07-15-36                                           | CUSIP: 33884EAQ4<br>LEI: 254900U51J2X527SRJ56 | Long             | ABS-O            | CORP              | KY        |   7269000 | PA      | $7280485.02   | 0.06%             | 2036-07-15      | Variable      | 4.98%                 | Yes           |                  2 | On Loan: No      |
| FORD CREDIT FLOORPLAN MASTER OWNER TRUST FORDF_25-2               | FORDF 2025-2 A1 4.06% 09-15-30                                                   | CUSIP: 34528QJU9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  19556000 | PA      | $19649301.68  | 0.16%             | 2030-09-15      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT FLOORPLAN MASTER OWNER TRUST FORDF_25-2               | FORDF 2025-2 B 4.33% 09-15-30                                                    | CUSIP: 34528QJW5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    594000 | PA      | $596425.90    | 0.00%             | 2030-09-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| FCBSL 2020-1A                                                     | FCBSL 2020-1A A1AR CLO 144A FRN 10-20-33                                         | CUSIP: 34962XAN2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5002700.00   | 0.04%             | 2033-10-20      | Variable      | 5.03%                 | Yes           |                  2 | On Loan: No      |
| FIAOT 2025-1A                                                     | FIAOT 2025-1A A2 144A 4.31% 12-15-28                                             | CUSIP: 32059WAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15000000 | PA      | $15021450.00  | 0.12%             | 2028-12-15      | Fixed         | 4.31%                 | Yes           |                  2 | On Loan: No      |
| FIAOT 2025-1A                                                     | FIAOT 2025-1A A3 144A 4.25% 07-15-30                                             | CUSIP: 32059WAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8594000 | PA      | $8608609.80   | 0.07%             | 2030-07-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| GCI FUNDING I LLC GCI_21-1                                        | GCI 2021-1 A 144A 2.38% 06-18-46                                                 | CUSIP: 36166VAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4412532 | PA      | $4137004.77   | 0.03%             | 2046-06-18      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| GM FINANCIAL REVOLVING RECEIVABLES TRUST GMREV_22-1               | GMREV 2022-1 A 144A 5.91% 10-11-35                                               | CUSIP: 36265UAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2325000 | PA      | $2412922.20   | 0.02%             | 2035-10-11      | Fixed         | 5.91%                 | Yes           |                  2 | On Loan: No      |
| GMF FLOORPLAN OWNER REVOLVING TRUST GFORT_23-1                    | GFORT 2023-1 A1 144A 5.34% 06-15-28                                              | CUSIP: 361886CR3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  16100000 | PA      | $16207226.00  | 0.13%             | 2028-06-15      | Fixed         | 5.34%                 | Yes           |                  2 | On Loan: No      |
| GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST GMCAR_23-3     | GMCAR 2023-3 A3 5.45% 06-16-28                                                   | CUSIP: 36267KAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5075955 | PA      | $5113156.99   | 0.04%             | 2028-06-16      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL AUTOMOBILE LEASING TRUST GMALT_23-3                  | GMALT 2023-3 A4 5.44% 08-20-27                                                   | CUSIP: 379929AE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    967152 | PA      | $967815.32    | 0.01%             | 2027-08-20      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL REVOLVING RECEIVABLES TRUST GMREV_23-2               | GMREV 2023-2 A 144A 5.77% 08-11-36                                               | CUSIP: 36268DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6653000 | PA      | $6983940.18   | 0.06%             | 2036-08-11      | Fixed         | 5.77%                 | Yes           |                  2 | On Loan: No      |
| GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST GMCAR_24-1     | GMCAR 2024-1 A4 4.86% 06-18-29                                                   | CUSIP: 36268GAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2495000 | PA      | $2531903.55   | 0.02%             | 2029-06-18      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST GMCAR_24-1     | GMCAR 2024-1 A3 4.85% 12-18-28                                                   | CUSIP: 36268GAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4391229 | PA      | $4416307.07   | 0.04%             | 2028-12-18      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| GLS AUTO SELECT RECEIVABLES TRUST GSAR_24-1                       | GSAR 2024-1A A2 144A 5.24% 03-15-30                                              | CUSIP: 37988XAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5839989 | PA      | $5877785.63   | 0.05%             | 2030-03-15      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2024-1A                                                      | GCAR 2024-1A C 144A 5.64% 12-17-29                                               | CUSIP: 36269HAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5212000 | PA      | $5275002.66   | 0.04%             | 2029-12-17      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| GMF FLOORPLAN OWNER REVOLVING TRUST GFORT_24-1                    | GFORT 2024-1A A1 144A 5.13% 03-15-29                                             | CUSIP: 361886DA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $355081.30    | 0.00%             | 2029-03-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2024-2A                                                      | GCAR 2024-2A A3 144A 5.64% 01-18-28                                              | CUSIP: 37964VAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1680980 | PA      | $1683185.77   | 0.01%             | 2028-01-18      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| GMALT 2024-2                                                      | GMALT 2024-2 A3 5.39% 07-20-27                                                   | CUSIP: 36269WAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4130501 | PA      | $4149678.58   | 0.03%             | 2027-07-20      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| GSAR 2024-3A                                                      | GSAR 2024-3A B 144A 5.64% 08-15-30                                               | CUSIP: 37989EAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2150000 | PA      | $2202702.95   | 0.02%             | 2030-08-15      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| GSAR 2024-3A                                                      | GSAR 2024-3A C 144A 5.92% 08-15-30                                               | CUSIP: 37989EAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2583942.50   | 0.02%             | 2030-08-15      | Fixed         | 5.92%                 | Yes           |                  2 | On Loan: No      |
| GREATAMERICA LEASING RECEIVABLES FUNDING LLC GALC_22-1            | GALC 2022-1 A4 144A 5.35% 07-16-29                                               | CUSIP: 39154TBX5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9799000 | PA      | $9877392.00   | 0.08%             | 2029-07-16      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| GALC 2024-2                                                       | GALC 2024-2 A2 144A 5.28% 03-15-27                                               | CUSIP: 39154GAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1674055 | PA      | $1682291.07   | 0.01%             | 2027-03-15      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2024-3A                                                      | GCAR 2024-3A A3 144A 5.02% 04-17-28                                              | CUSIP: 37989AAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    927000 | PA      | $928790.96    | 0.01%             | 2028-04-17      | Fixed         | 5.02%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2024-3A                                                      | GCAR 2024-3A B 144A 5.08% 01-16-29                                               | CUSIP: 37989AAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    724000 | PA      | $728609.71    | 0.01%             | 2029-01-16      | Fixed         | 5.08%                 | Yes           |                  2 | On Loan: No      |
| GMREV 2024-2                                                      | GMREV 2024-2 A 144A 4.52% 03-11-37                                               | CUSIP: 379925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5035000 | PA      | $5129275.34   | 0.04%             | 2037-03-11      | Fixed         | 4.52%                 | Yes           |                  2 | On Loan: No      |
| GOLUB CAPITAL PARTNERS CLO LTD GOCAP_16-31A                       | GOCAP 2016-31A A2RR CLO 144A FRN 11-05-37                                        | CUSIP: 38180JAC4<br>LEI: 254900IYMACYUBOF5J66 | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $1001330.00   | 0.01%             | 2037-11-05      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| GSAR 2024-4A                                                      | GSAR 2024-4A A2 144A 4.43% 12-17-29                                              | CUSIP: 36271BAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6483889 | PA      | $6502075.92   | 0.05%             | 2029-12-17      | Fixed         | 4.43%                 | Yes           |                  2 | On Loan: No      |
| GSAR 2024-4A                                                      | GSAR 2024-4A B 144A 4.5% 11-15-30                                                | CUSIP: 36271BAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    780000 | PA      | $784339.92    | 0.01%             | 2030-11-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2024-4A                                                      | GCAR 2024-4A A2 144A 4.76% 10-15-27                                              | CUSIP: 36270YAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    385417 | PA      | $385604.17    | 0.00%             | 2027-10-15      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2024-4A                                                      | GCAR 2024-4A A3 144A 4.75% 07-17-28                                              | CUSIP: 36270YAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3110000 | PA      | $3119367.32   | 0.03%             | 2028-07-17      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| GALC 2023-1                                                       | GALC 2023-1 B 144A 5.21% 03-15-30                                                | CUSIP: 39154TCE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $508157.00    | 0.00%             | 2030-03-15      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| GSAR 2025-1A                                                      | GSAR 2025-1A C 144A 5.26% 03-15-31                                               | CUSIP: 36271FAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    122000 | PA      | $124796.85    | 0.00%             | 2031-03-15      | Fixed         | 5.26%                 | Yes           |                  2 | On Loan: No      |
| GSAR 2025-1A                                                      | GSAR 2025-1A A2 144A 4.71% 04-15-30                                              | CUSIP: 36271FAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9844032 | PA      | $9913628.90   | 0.08%             | 2030-04-15      | Fixed         | 4.71%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2025-1A                                                      | GCAR 2025-1A A3 144A 4.77% 09-15-28                                              | CUSIP: 36271KAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5982000 | PA      | $6004917.04   | 0.05%             | 2028-09-15      | Fixed         | 4.77%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2025-1A                                                      | GCAR 2025-1A A2 144A 4.68% 12-15-27                                              | CUSIP: 36271KAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6898541 | PA      | $6906363.84   | 0.06%             | 2027-12-15      | Fixed         | 4.68%                 | Yes           |                  2 | On Loan: No      |
| SDART 2022-6                                                      | SDART 2022-6 C 4.96% 11-15-28                                                    | CUSIP: 802918AE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2560231 | PA      | $2565440.75   | 0.02%             | 2028-11-15      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| SOUND POINT CLO LTD SNDPT_13-3RA                                  | SNDPT 2013-3RA A CLO 144A FRN 04-18-31                                           | CUSIP: 83609YAC0<br>LEI: 549300HOEGQTNS4MTZ12 | Long             | ABS-O            | CORP              | KY        |    108386 | PA      | $108546.64    | 0.00%             | 2031-04-18      | Variable      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| SOUND POINT CLO LTD SNDPT_14-1RA                                  | SNDPT 2014-1RA A CLO 144A FRN 07-18-31                                           | CUSIP: 83607EAA0<br>LEI: 549300UPX3H8ENJXHI23 | Long             | ABS-O            | CORP              | KY        |   2418604 | PA      | $2425351.43   | 0.02%             | 2031-07-18      | Variable      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| SOUND POINT CLO LTD SNDPT_13-3RA                                  | SNDPT 2013-3RA C CLO 144A FRN 04-18-31                                           | CUSIP: 83609YAG1<br>LEI: 549300HOEGQTNS4MTZ12 | Long             | ABS-O            | CORP              | KY        |   1200000 | PA      | $1202640.00   | 0.01%             | 2031-04-18      | Variable      | 6.40%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST SDART_22-7                 | SDART 2022-7 C 6.69% 03-17-31                                                    | CUSIP: 80287FAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    961000 | PA      | $981057.03    | 0.01%             | 2031-03-17      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST SDART_22-7                 | SDART 2022-7 B 5.95% 01-17-28                                                    | CUSIP: 80287FAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    303724 | PA      | $304181.80    | 0.00%             | 2028-01-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| SDART 2023-1                                                      | SDART 2023-1 C 5.09% 05-15-30                                                    | CUSIP: 80287GAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8210498 | PA      | $8263545.91   | 0.07%             | 2030-05-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST SDART_23-3                 | SDART 2023-3 B 5.61% 07-17-28                                                    | CUSIP: 80285XAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    825066 | PA      | $828019.42    | 0.01%             | 2028-07-17      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS VII LTD TMCL_21-2                     | TMCL 2021-2A A 144A 2.23% 04-20-46                                               | CUSIP: 88315LAQ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9415766 | PA      | $8924498.57   | 0.07%             | 2046-04-20      | Fixed         | 2.23%                 | Yes           |                  2 | On Loan: No      |
| NEW ECONOMY ASSETS - PHASE I ISSUER LLC USRE_21-1                 | USRE 2021-1 A1 144A 1.91% 10-20-61                                               | CUSIP: 643821AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  53935000 | PA      | $45864490.21  | 0.37%             | 2061-10-20      | Fixed         | 1.91%                 | Yes           |                  2 | On Loan: No      |
| UNITED AUTO CREDIT SECURITIZATION TRUST UACST_25-1                | UACST 2025-1 A 144A 4.8% 06-10-27                                                | CUSIP: 90945JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8337311 | PA      | $8343213.47   | 0.07%             | 2027-06-10      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| UNITED AUTO CREDIT SECURITIZATION TRUST UACST_25-1                | UACST 2025-1 B 144A 5.05% 02-10-28                                               | CUSIP: 90945JAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10079000 | PA      | $10095025.61  | 0.08%             | 2028-02-10      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| UNITED AUTO CREDIT SECURITIZATION TRUST UACST_25-1                | UACST 2025-1 C 144A 5.15% 06-10-30                                               | CUSIP: 90945JAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1327000 | PA      | $1334586.46   | 0.01%             | 2030-06-10      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| USCLN 2025-SUP1                                                   | USCLN 2025-SUP1 B 144A 5.582% 02-25-32                                           | CUSIP: 90357PBC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5627365 | PA      | $5653363.32   | 0.05%             | 2032-02-25      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| USCLN 2025-SUP2                                                   | USCLN 2025-SUP2 B1 144A 4.8175% 09-25-32                                         | CUSIP: 90355PAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5921197 | PA      | $5955421.82   | 0.05%             | 2032-09-25      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| UPST 2025-4                                                       | UPST 2025-4 B 144A 5.2% 11-20-35                                                 | CUSIP: 91684AAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2895000 | PA      | $2903945.55   | 0.02%             | 2035-11-20      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| VERIZON MASTER TRUST VZMT_23-1                                    | VZMT 2023-1 A 4.49% 01-22-29                                                     | CUSIP: 92348KBG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14221000 | PA      | $14229191.30  | 0.11%             | 2029-01-22      | Variable      | 4.49%                 | No            |                  2 | On Loan: No      |
| VENTURE CDO LTD VENTR_18-32A                                      | VENTR 2018-32A A2A CLO 144A FRN 07-18-31                                         | CUSIP: 92325QAC1<br>LEI: 549300UP09C89Q3HWD39 | Long             | ABS-O            | CORP              | KY        |    732495 | PA      | $733366.34    | 0.01%             | 2031-07-18      | Variable      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| VENTR 2019-36A                                                    | VENTR 2019-36A A1AR CLO 144A FRN 04-20-32                                        | CUSIP: 92332LAU3<br>LEI: 549300AZL7IWJJ04HD37 | Long             | ABS-O            | CORP              | KY        |   3205697 | PA      | $3207588.15   | 0.03%             | 2032-04-20      | Variable      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| VENTURE CDO LTD VENTR_17-29A                                      | VENTR 2017-29A AR CLO 144A FRN 09-07-30                                          | CUSIP: 92331EAF3<br>LEI: 549300ITFR7G25007V93 | Long             | ABS-O            | CORP              | KY        |    117909 | PA      | $118007.04    | 0.00%             | 2030-09-07      | Variable      | 5.10%                 | Yes           |                  2 | On Loan: No      |
| VERIZON MASTER TRUST VZMT_24-2                                    | VZMT 2024-2 A 144A 4.83% 12-22-31                                                | CUSIP: 92348KCH4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3475000 | PA      | $3566712.20   | 0.03%             | 2031-12-22      | Fixed         | 4.83%                 | Yes           |                  2 | On Loan: No      |
| VERIZON MASTER TRUST VZMT_24-1                                    | VZMT 2024-1 A1A 5.0% 12-20-28                                                    | CUSIP: 92348KCL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8983000 | PA      | $8987967.60   | 0.07%             | 2028-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VSTRG 2024-A                                                      | VSTRG 2024-A A3 144A 5.62% 12-15-28                                              | CUSIP: 92891PAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    591353 | PA      | $593712.72    | 0.00%             | 2028-12-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| VERIZON MASTER TRUST VZMT_24-3                                    | VZMT 2024-3 A1A 5.34% 04-22-30                                                   | CUSIP: 92348KCQ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10895000 | PA      | $11109282.86  | 0.09%             | 2030-04-22      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| VERD 2024-1A                                                      | VERD 2024-1A A2 144A 5.68% 12-12-31                                              | CUSIP: 92339MAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4110757 | PA      | $4190362.12   | 0.03%             | 2031-12-12      | Fixed         | 5.68%                 | Yes           |                  2 | On Loan: No      |
| VERD 2023-1A                                                      | VERD 2023-1A A2 144A 6.24% 01-13-31                                              | CUSIP: 92339GAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5763733 | PA      | $5866512.14   | 0.05%             | 2031-01-13      | Fixed         | 6.24%                 | Yes           |                  2 | On Loan: No      |
| VZMT 2024-5                                                       | VZMT 2024-5 A 144A 5.0% 06-21-32                                                 | CUSIP: 92348KDB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2919000 | PA      | $3015026.34   | 0.02%             | 2032-06-21      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| VERIZON MASTER TRUST VZMT_24-6                                    | VZMT 2024-6 A1A 4.17% 08-20-30                                                   | CUSIP: 92348KDE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7750000 | PA      | $7797073.50   | 0.06%             | 2030-08-20      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| VFET 2024-1A                                                      | VFET 2024-1A A2 144A 4.56% 05-17-27                                              | CUSIP: 92887QAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1079478 | PA      | $1081227.59   | 0.01%             | 2027-05-17      | Fixed         | 4.56%                 | Yes           |                  2 | On Loan: No      |
| VALLEY STREAM PARK CLO LTD VYSPK_22-1A                            | VYSPK 2022-1A ARR CLO 144A FRN 01-20-37                                          | CUSIP: 92013AAT6<br>LEI: 213800DEME82SWN32S20 | Long             | ABS-O            | CORP              | JE        |   8000000 | PA      | $8001120.00   | 0.06%             | 2037-01-20      | Variable      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| VIBR 2018-9RA                                                     | VIBR 2018-9RA B CLO 144A FRN 04-20-37                                            | CUSIP: 92557BAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   3857000 | PA      | $3836365.05   | 0.03%             | 2037-04-20      | Variable      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| VFET 2025-1A                                                      | VFET 2025-1A A2 144A 4.41% 11-15-27                                              | CUSIP: 92887TAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4090000 | PA      | $4098159.55   | 0.03%             | 2027-11-15      | Fixed         | 4.41%                 | Yes           |                  2 | On Loan: No      |
| VERIZON MASTER TRUST VZMT_25-3                                    | VZMT 2025-3 A1A 4.51% 03-20-30/11-20-27                                          | CUSIP: 92348KDY6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9867000 | PA      | $9946597.09   | 0.08%             | 2030-03-20      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| VERD 2025-1A                                                      | VERD 2025-1A A3 144A 4.96% 05-12-33                                              | CUSIP: 92340GAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11438000 | PA      | $11673222.47  | 0.09%             | 2033-05-12      | Fixed         | 4.96%                 | Yes           |                  2 | On Loan: No      |
| VERD 2025-1A                                                      | VERD 2025-1A A2 144A 4.85% 03-13-28                                              | CUSIP: 92340GAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10202000 | PA      | $10247235.67  | 0.08%             | 2028-03-13      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| VFI 2025-1A                                                       | VFI 2025-1A A 144A 4.78% 06-24-30                                                | CUSIP: 91824UAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3537668 | PA      | $3552020.80   | 0.03%             | 2030-06-24      | Fixed         | 4.78%                 | Yes           |                  2 | On Loan: No      |
| VERIZON MASTER TRUST VZMT_25-7                                    | VZMT 2025-7 A1A 3.96% 08-20-31                                                   | CUSIP: 92348KEN9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18583000 | PA      | $18657294.83  | 0.15%             | 2031-08-20      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| VZMT 2025-9                                                       | VZMT 2025-9 A1A 3.96% 10-21-30                                                   | CUSIP: 92348KEV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  38332000 | PA      | $38485711.32  | 0.31%             | 2030-10-21      | Variable      | 3.96%                 | No            |                  2 | On Loan: No      |
| VERIZON MASTER TRUST VZMT_25-10                                   | VZMT 2025-10 A 144A 4.28% 10-20-33                                               | CUSIP: 92348KEZ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1298000 | PA      | $1302049.76   | 0.01%             | 2033-10-20      | Variable      | 4.28%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST WLAKE_22-3                  | WLAKE 2022-3A C 144A 6.44% 12-15-27                                              | CUSIP: 96043PAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    803191 | PA      | $805807.98    | 0.01%             | 2027-12-15      | Fixed         | 6.44%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST WLAKE_23-1                  | WLAKE 2023-1A C 144A 5.74% 08-15-28                                              | CUSIP: 96042XAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    621936 | PA      | $624904.57    | 0.01%             | 2028-08-15      | Fixed         | 5.74%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                              | BANK OF AMERICA CORP SR UNSEC 5.162% 01-24-31/30                                 | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  11250000 | PA      | $11672403.75  | 0.09%             | 2031-01-24      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                              | BANK OF AMERICA CORP SR UNSEC 4.979% 01-24-29/28                                 | CUSIP: 06051GMK2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5094265.00   | 0.04%             | 2029-01-24      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                | BMW US CAPITAL LLC 144A LIFE SR UNSEC 5.05% 03-21-30                             | CUSIP: 05565ECY9<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10303090.00  | 0.08%             | 2030-03-21      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| BPCE SA                                                           | BPCE SA 144A LIFE SR NON PREF 5.975% 01-18-27/26                                 | CUSIP: 05583JAN2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |  10000000 | PA      | $10019150.00  | 0.08%             | 2027-01-18      | Variable      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                              | BANK OF AMERICA CORP SR UNSEC 5.08% 01-20-27/26                                  | CUSIP: 06051GLE7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2502492.50   | 0.02%             | 2027-01-20      | Variable      | 5.08%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FINANCE (USA) LTD                                    | BHP BILLITON FINANCE USA LTD SR UNSEC 4.875% 02-27-26                            | CUSIP: 055451AY4<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |   8000000 | PA      | $8011920.00   | 0.06%             | 2026-02-27      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FINANCE (USA) LTD                                    | BHP BILLITON FINANCE USA LTD SR UNSEC 5.25% 09-08-26                             | CUSIP: 055451BB3<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |   6000000 | PA      | $6055950.00   | 0.05%             | 2026-09-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                                                 | CISCO SYSTEMS INC SR UNSEC 4.8% 02-26-27                                         | CUSIP: 17275RBQ4<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |  22535000 | PA      | $22804901.70  | 0.18%             | 2027-02-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                      | COMCAST CORP SR UNSEC 5.1% 06-01-29                                              | CUSIP: 20030NEH0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10348740.00  | 0.08%             | 2029-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                       | CITIBANK NA SR UNSEC 4.929% 08-06-26                                             | CUSIP: 17325FBJ6<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3016314.00   | 0.02%             | 2026-08-06      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                                                   | CHEVRON USA INC SR UNSEC 4.687% 04-15-30                                         | CUSIP: 166756BD7<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |   9447000 | PA      | $9695399.42   | 0.08%             | 2030-04-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                     | CITIGROUP INC SR UNSEC 4.786% 03-04-29/28                                        | CUSIP: 17327CAW3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   8100000 | PA      | $8215846.20   | 0.07%             | 2029-03-04      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOBAL FUNDING                                         | COREBRIDGE GLOBAL FUNDING GIC 144A LIFE SR UNSEC 4.25% 08-21-28                  | CUSIP: 00138CBG2<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15043290.00  | 0.12%             | 2028-08-21      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA/NY                                       | COOPERATIEVE RABOBANK UA SR UNSEC 4.85% 01-09-26                                 | CUSIP: 21688ABA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20012640.00  | 0.16%             | 2026-01-09      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CHILE (REPUBLIC OF)                                               | CHILE GOVERNMENT INTERNATIONAL BOND 4.85% 01-22-29                               | CUSIP: 168863EB0<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   1855000 | PA      | $1895902.75   | 0.02%             | 2029-01-22      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINANCE NORTH AMERICA LLC                          | DAIMLER TRUCK FINANCE NORTH AMERICA LLC 144A LIFE SR UNSEC 4.95% 01-13-28        | CUSIP: 233853BC3<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |  14843000 | PA      | $15067530.06  | 0.12%             | 2028-01-13      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINANCE NORTH AMERICA LLC                          | DAIMLER TRUCKS FINANCE NORTH AMERICA LLC 144A LIFE SR UNSEC 2.0% 12-14-26        | CUSIP: 233853AF7<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   6525000 | PA      | $6395008.95   | 0.05%             | 2026-12-14      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINANCE NORTH AMERICA LLC                          | DAIMLER TRUCKS FINANCE NORTH AMERICA LLC 144A LIFE SR UNSEC 5.15% 01-16-26       | CUSIP: 233853AP5<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   1671000 | PA      | $1672550.69   | 0.01%             | 2026-01-16      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINANCE NORTH AMERICA LLC                          | DAIMLER TRUCK FINANCE NORTH AMERICA LLC 144A LIFE SR UNSEC 5.4% 09-20-28         | CUSIP: 233853AT7<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   6068000 | PA      | $6261356.82   | 0.05%             | 2028-09-20      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINANCE NORTH AMERICA LLC                          | DAIMLER TRUCK FINANCE NORTH AMERICA LLC 144A LIFE SR UNSEC 5.0% 01-15-27         | CUSIP: 233853AV2<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   3502000 | PA      | $3537058.52   | 0.03%             | 2027-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| ELI LILLY AND CO                                                  | ELI LILLY & CO SR UNSEC 4.75% 02-12-30                                           | CUSIP: 532457CV8<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   7945000 | PA      | $8186678.96   | 0.07%             | 2030-02-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPERATING LLC                                 | ENTERPRISE PRODUCTS OPERATING LLC SR UNSEC 4.6% 01-15-31                         | CUSIP: 29379VCK7<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   6574000 | PA      | $6671709.36   | 0.05%             | 2031-01-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ELI LILLY AND CO                                                  | ELI LILLY & CO SR UNSEC 5.0% 02-27-26                                            | CUSIP: 532457CE6<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1250125.00   | 0.01%             | 2026-02-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EIDP INC                                                          | EIDP INC SR UNSEC 4.5% 05-15-26                                                  | CUSIP: 263534CQ0<br>LEI: GLU7INWNWH88J9XBXD45 | Long             | DBT              | CORP              | US        |   5417000 | PA      | $5417400.86   | 0.04%             | 2026-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                          | EUROPEAN INVT BK SR UNSEC 4.0% 02-15-29                                          | CUSIP: 298785JZ0<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | LU        |  14700000 | PA      | $14905461.90  | 0.12%             | 2029-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                          | FLORIDA POWER & LIGHT CO SR SEC 1ST LIEN 5.15% 06-15-29                          | CUSIP: 341081GT8<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1040683.00   | 0.01%             | 2029-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| GUARDIAN LIFE GLOBAL FUNDING                                      | GUARDIAN LIFE GLOBAL FUNDING GIC 144A LIFE SR SEC 1ST LIEN 0.875% 12-10-25       | CUSIP: 40139LBC6<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7993104.00   | 0.06%             | 2025-12-10      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                           | HYUNDAI CAPITAL AMERICA 144A SR UNSEC 5.275% 06-24-27                            | CUSIP: 44891ADB0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10169740.00  | 0.08%             | 2027-06-24      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                           | HYUNDAI CAPITAL AMERICA 144A SR UNSEC 5.45% 06-24-26                             | CUSIP: 44891ADA2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   6226000 | PA      | $6268990.53   | 0.05%             | 2026-06-24      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                           | HYUNDAI CAPITAL AMERICA 144A LIFE SR UNSEC 4.9% 06-23-28                         | CUSIP: 44891ADV6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   9396000 | PA      | $9554566.90   | 0.08%             | 2028-06-23      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                           | HYUNDAI CAPITAL AMERICA 144A LIFE SR UNSEC 5.1% 06-24-30                         | CUSIP: 44891ADW4<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   9390000 | PA      | $9632280.78   | 0.08%             | 2030-06-24      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                           | HYUNDAI CAPITAL AMERICA 144A LIFE SR UNSEC 4.25% 09-18-28                        | CUSIP: 44891ADZ7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   5979000 | PA      | $5976985.08   | 0.05%             | 2028-09-18      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                 | HSBC HOLDINGS PLC SR UNSEC 4.619% 11-06-31/30                                    | CUSIP: 404280FE4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   4870000 | PA      | $4902750.75   | 0.04%             | 2031-11-06      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC                                     | INTERCONTINENTAL EXCHANGE INC SR UNSEC 3.95% 12-01-28                            | CUSIP: 45865VAA8<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10014275.00  | 0.08%             | 2028-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                               | JPMORGAN CHASE & CO SR UNSEC 5.571% 04-22-28/27                                  | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  13000000 | PA      | $13261716.00  | 0.11%             | 2028-04-22      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                               | JPMORGAN CHASE & CO SR UNSEC 4.603% 10-22-30/29                                  | CUSIP: 46647PEQ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  10644000 | PA      | $10820913.92  | 0.09%             | 2030-10-22      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| GALC 2025-1                                                       | GALC 2025-1 A3 144A 4.49% 04-16-29                                               | CUSIP: 39154GAJ5<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |   4213000 | PA      | $4261988.76   | 0.03%             | 2029-04-16      | Fixed         | 4.49%                 | Yes           |                  2 | On Loan: No      |
| GALC 2025-1                                                       | GALC 2025-1 A2 144A 4.52% 10-15-27                                               | CUSIP: 39154GAH9<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |   8062000 | PA      | $8088959.33   | 0.06%             | 2027-10-15      | Fixed         | 4.52%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST 2023-2                                 | LADAR 2023-2A A3 144A 5.42% 02-15-28                                             | CUSIP: 505713AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1023878 | PA      | $1024753.08   | 0.01%             | 2028-02-15      | Fixed         | 5.42%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST 2023-2                                 | LADAR 2023-2A C 144A 5.58% 09-15-28                                              | CUSIP: 505713AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1980000 | PA      | $1994214.42   | 0.02%             | 2028-09-15      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST 2023-2                                 | LADAR 2023-2A B 144A 5.45% 04-15-28                                              | CUSIP: 505713AD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    895000 | PA      | $897449.62    | 0.01%             | 2028-04-15      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_23-3                             | LADAR 2023-3A A4 144A 5.95% 03-15-28                                             | CUSIP: 50168BAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10678340 | PA      | $10718277.43  | 0.09%             | 2028-03-15      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_23-4                             | LADAR 2023-4A A3 144A 6.1% 12-15-27                                              | CUSIP: 50571AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2320080 | PA      | $2324353.54   | 0.02%             | 2027-12-15      | Fixed         | 6.10%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-1A                                                     | LADAR 2024-1A B 144A 5.33% 02-15-29                                              | CUSIP: 501689AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1470000 | PA      | $1490781.39   | 0.01%             | 2029-02-15      | Fixed         | 5.33%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-1A                                                     | LADAR 2024-1A A3 144A 5.23% 01-18-28                                             | CUSIP: 501689AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2307429 | PA      | $2311713.45   | 0.02%             | 2028-01-18      | Fixed         | 5.23%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-1A                                                     | LADAR 2024-1A A4 144A 5.17% 09-15-28                                             | CUSIP: 501689AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6414000 | PA      | $6454100.33   | 0.05%             | 2028-09-15      | Fixed         | 5.17%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2025-2A                                                      | GCAR 2025-2A A2 144A 4.75% 03-15-28                                              | CUSIP: 37989BAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11732207 | PA      | $11753958.71  | 0.09%             | 2028-03-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2025-2A                                                      | GCAR 2025-2A B 144A 4.97% 10-15-29                                               | CUSIP: 37989BAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1983000 | PA      | $2002407.62   | 0.02%             | 2029-10-15      | Fixed         | 4.97%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2025-2A                                                      | GCAR 2025-2A A3 144A 4.75% 01-16-29                                              | CUSIP: 37989BAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14527000 | PA      | $14611445.45  | 0.12%             | 2029-01-16      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| SFAST 2024-3A                                                     | SFAST 2024-3A A2 144A 4.71% 05-22-28                                             | CUSIP: 78436XAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4052403 | PA      | $4056576.53   | 0.03%             | 2028-05-22      | Fixed         | 4.71%                 | Yes           |                  2 | On Loan: No      |
| SDART 2024-5                                                      | SDART 2024-5 A2 4.88% 09-15-27                                                   | CUSIP: 802920AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    603046 | PA      | $603297.00    | 0.00%             | 2027-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SDART 2024-5                                                      | SDART 2024-5 A3 4.62% 11-15-28                                                   | CUSIP: 802920AD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7280000 | PA      | $7292754.56   | 0.06%             | 2028-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SSTRT 2025-A                                                      | SSTRT 2025-A B 144A 5.038% 07-25-31                                              | CUSIP: 81378RAB0<br>LEI: 254900DVX7EZK9JMUP63 | Long             | ABS-O            | CORP              | US        |    855701 | PA      | $863584.18    | 0.01%             | 2031-07-25      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| SCF EQUIPMENT TRUST LLC SCFET_25-1                                | SCFET 2025-1A A3 144A 5.11% 11-21-33                                             | CUSIP: 78437DAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2972000 | PA      | $3039815.10   | 0.02%             | 2033-11-21      | Fixed         | 5.11%                 | Yes           |                  2 | On Loan: No      |
| TRL 2020-2A                                                       | TRL 2020-2A A2 144A 2.56% 11-19-50                                               | CUSIP: 89656YAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8198000 | PA      | $7872768.94   | 0.06%             | 2050-11-19      | Fixed         | 2.56%                 | Yes           |                  2 | On Loan: No      |
| TRL 2020-1A                                                       | TRL 2020-1A A 144A 1.96% 10-17-50                                                | CUSIP: 89657AAC0<br>LEI: 549300JQ2JIV94ZI1045 | Long             | ABS-O            | CORP              | US        |   2648958 | PA      | $2533539.78   | 0.02%             | 2050-10-17      | Fixed         | 1.96%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_17-4                               | TPMT 2017-4 A1 144A FRN 06-25-57                                                 | CUSIP: 89173UAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1646152 | PA      | $1617245.81   | 0.01%             | 2057-06-25      | Variable      | 2.75%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_18-2                               | TPMT 2018-2 A1 144A FRN 03-25-58                                                 | CUSIP: 89175VAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3221077 | PA      | $3197785.10   | 0.03%             | 2058-03-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_18-3                               | TPMT 2018-3 A1 144A FRN 05-25-58                                                 | CUSIP: 89175MAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3436462 | PA      | $3388949.32   | 0.03%             | 2058-05-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_19-1                               | TPMT 2019-1 A1 144A FRN 03-25-58                                                 | CUSIP: 89177BAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3625361 | PA      | $3547727.84   | 0.03%             | 2058-03-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_24-2                             | LADAR 2024-2A A3 144A 5.61% 08-15-28                                             | CUSIP: 505920AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3020247 | PA      | $3038704.02   | 0.02%             | 2028-08-15      | Fixed         | 5.61%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_24-2                             | LADAR 2024-2A A4 144A 5.46% 07-16-29                                             | CUSIP: 505920AD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4612000 | PA      | $4685948.81   | 0.04%             | 2029-07-16      | Fixed         | 5.46%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_17-1                               | TPMT 2017-1 A2 144A FRN 10-25-56                                                 | CUSIP: 89173FAB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1236838 | PA      | $1232757.87   | 0.01%             | 2056-10-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| TPMT 2019-HY2 A1                                                  | TPMT 2019-HY2 A1 144A FRN 05-25-58                                               | CUSIP: 89177HAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    168115 | PA      | $171535.92    | 0.00%             | 2058-05-25      | Variable      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_18-1                               | TPMT 2018-1 A1 144A FRN 01-25-58                                                 | CUSIP: 89176EAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    393309 | PA      | $390742.73    | 0.00%             | 2058-01-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS VII LTD TMCL_20-1                     | TMCL 2020-1A A 144A 2.73% 08-21-45                                               | CUSIP: 88315LAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3063330 | PA      | $2961743.71   | 0.02%             | 2045-08-21      | Fixed         | 2.73%                 | Yes           |                  2 | On Loan: No      |
| TRITON CONTAINER FINANCE LLC TCF_20-1                             | TCF 2020-1A A 144A 2.11% 09-20-45                                                | CUSIP: 89680HAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10879045 | PA      | $10268338.87  | 0.08%             | 2045-09-20      | Fixed         | 2.11%                 | Yes           |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS IV LTD TCML_20-2                      | TMCL 2020-2A A 144A 2.1% 09-20-45                                                | CUSIP: 88315LAG3<br>LEI: 549300WW1K7EYP0YPC14 | Long             | ABS-O            | CORP              | BM        |   4674307 | PA      | $4439881.24   | 0.04%             | 2045-09-20      | Fixed         | 2.10%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-3A                                                     | LADAR 2024-3A A2 144A 4.64% 11-15-27                                             | CUSIP: 505709AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2361533 | PA      | $2362878.93   | 0.02%             | 2027-11-15      | Fixed         | 4.64%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-3A                                                     | LADAR 2024-3A C 144A 4.93% 03-15-30                                              | CUSIP: 505709AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    142000 | PA      | $143524.37    | 0.00%             | 2030-03-15      | Fixed         | 4.93%                 | Yes           |                  2 | On Loan: No      |
| TAL ADVANTAGE VII LLC TAL_20-1A                                   | TAL 2020-1A A 144A 2.05% 09-20-45                                                | CUSIP: 87407RAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6713355 | PA      | $6416195.05   | 0.05%             | 2045-09-20      | Fixed         | 2.05%                 | Yes           |                  2 | On Loan: No      |
| TRITON INTERNAL FINANCE TIF_21-1A                                 | TIF 2021-1A A 144A 1.65% 02-20-46                                                | CUSIP: 872480AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6700833 | PA      | $6153998.46   | 0.05%             | 2046-02-20      | Fixed         | 1.65%                 | Yes           |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS VII LTD                               | TMCL 2021-1A A 144A 1.68% 02-20-46                                               | CUSIP: 88315LAL2<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |   9234280 | PA      | $8664580.33   | 0.07%             | 2046-02-20      | Fixed         | 1.68%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                               | JPMORGAN CHASE & CO SR UNSEC 4.505% 10-22-28/27                                  | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  11295000 | PA      | $11400179.04  | 0.09%             | 2028-10-22      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| LADAR 2024-3A                                                     | LADAR 2024-3A B 144A 4.74% 01-15-30                                              | CUSIP: 505709AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    394000 | PA      | $397569.64    | 0.00%             | 2030-01-15      | Fixed         | 4.74%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-3A                                                     | LADAR 2024-3A A4 144A 4.6% 12-17-29                                              | CUSIP: 505709AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1408000 | PA      | $1421062.02   | 0.01%             | 2029-12-17      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-3A                                                     | LADAR 2024-3A A3 144A 4.52% 03-15-29                                             | CUSIP: 505709AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3273000 | PA      | $3286327.66   | 0.03%             | 2029-03-15      | Fixed         | 4.52%                 | Yes           |                  2 | On Loan: No      |
| LBZZ 2025-1X                                                      | LBZZ 2025-1A A2 144A 5.1% 10-15-30                                               | CUSIP: 525938AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5057914 | PA      | $5055602.20   | 0.04%             | 2030-10-15      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY INFLATION INDEXED BONDS I/L 0.125% 04-15-27               | CUSIP: 91282CEJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  57518000 | PA      | $56520400.00  | 0.45%             | 2027-04-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.25% 05-15-42                                       | CUSIP: 912810TH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    152100 | PA      | $129380.06    | 0.00%             | 2042-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.25% 06-30-27                                       | CUSIP: 91282CEW7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 146832300 | PA      | $146201376.29 | 1.17%             | 2027-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | SOFR 90DAY FUT SFRM8 09-19-28                                                    | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |       311 | NC      | $-10824.06    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| LADAR 2025-2A                                                     | LADAR 2025-2A A2 144A 4.3% 07-17-28                                              | CUSIP: 505912AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3006156.00   | 0.02%             | 2028-07-17      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| MHC COMMERCIAL MORTGAGE TRUST MHC_21-MHC                          | MHC 2021-MHC A 144A FRN 04-15-38                                                 | CUSIP: 55316VAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1324871 | PA      | $1324877.58   | 0.01%             | 2038-04-15      | Variable      | 4.87%                 | Yes           |                  2 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | SOFR 90DAY FUT SFRM6 09-15-26                                                    | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |       447 | NC      | $-100608.91   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MADISON PARK FUNDING LTD MDPK_21-48A                              | MDPK 2021-48A A CLO 144A FRN 04-19-33                                            | CUSIP: 55821UAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    784739 | PA      | $784778.27    | 0.01%             | 2033-04-19      | Variable      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| 522 FUNDING CLO LTD MORGN_18-3                                    | MORGN 2018-3A AR CLO 144A FRN 10-20-31                                           | CUSIP: 33835NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    301814 | PA      | $302100.36    | 0.00%             | 2031-10-20      | Variable      | 5.19%                 | Yes           |                  2 | On Loan: No      |
| MONROE CAPITAL MML CLO MCMML_21-2                                 | MCMML 2021-2A A1 CLO 144A FRN 09-14-33                                           | CUSIP: 61034VAC7<br>LEI: 549300015LLKJVT5UL74 | Long             | ABS-O            | CORP              | KY        |   4000000 | PA      | $4009880.00   | 0.03%             | 2033-09-14      | Variable      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| MBART 2024-1                                                      | MBART 2024-1 A4 4.79% 07-15-31                                                   | CUSIP: 587918AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4571000 | PA      | $4648684.15   | 0.04%             | 2031-07-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| MBART 2024-1                                                      | MBART 2024-1 A3 4.8% 04-16-29                                                    | CUSIP: 587918AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8736558 | PA      | $8790348.61   | 0.07%             | 2029-04-16      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| MBALT 2024-A                                                      | MBALT 2024-A A3 5.32% 01-18-28                                                   | CUSIP: 58770JAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4770000 | PA      | $4818534.75   | 0.04%             | 2028-01-18      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| MAGNE 2019-22A                                                    | MAGNE 2019-22A ARR CLO 144A FRN 07-15-36                                         | CUSIP: 55954HAW2<br>LEI: 5493000081NBXWGGSW23 | Long             | ABS-O            | CORP              | US        |   2771000 | PA      | $2772413.21   | 0.02%             | 2036-07-15      | Variable      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| MERCURY FINANCIAL CREDIT CARD MASTER TRUST MFCC_24-2              | MFCC 2024-2A A 144A 6.56% 07-20-29                                               | CUSIP: 58940BAZ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11873000 | PA      | $11945152.22  | 0.10%             | 2029-07-20      | Fixed         | 6.56%                 | Yes           |                  2 | On Loan: No      |
| MERCHANTS FLEET FUNDING LLC MFF_24-1                              | MFF 2024-1A A 144A 5.82% 04-20-37                                                | CUSIP: 588926AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12075413 | PA      | $12156849.43  | 0.10%             | 2037-04-20      | Fixed         | 5.82%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_24-A                       | MLANE 2024-A A1 144A 6.2% 08-15-29                                               | CUSIP: 60510MAY4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  16670000 | PA      | $16790407.41  | 0.13%             | 2029-08-15      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: No      |
| M&T EQUIPMENT NOTES MTLRF_24-1                                    | MTLRF 2024-1A A3 144A 4.76% 08-18-31                                             | CUSIP: 55376YAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6103000 | PA      | $6184237.03   | 0.05%             | 2031-08-18      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| MARBLE POINT CLO XV LTD MP15_19-1A                                | MP15 2019-1A BR2 CLO 144A FRN 07-23-32                                           | CUSIP: 56606YBA2<br>LEI: 549300CO8XB55W8SS394 | Long             | ABS-O            | CORP              | KY        |   1250000 | PA      | $1250587.50   | 0.01%             | 2032-07-23      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| MARBLE POINT CLO XV LTD MP15_19-1A                                | MP15 2019-1A A1R2 CLO 144A FRN 07-23-32                                          | CUSIP: 56606YAW5<br>LEI: 549300CO8XB55W8SS394 | Long             | ABS-O            | CORP              | KY        |  15779289 | PA      | $15786389.77  | 0.13%             | 2032-07-23      | Variable      | 4.90%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-B                       | MLANE 2025-B C 144A 5.41% 09-15-31                                               | CUSIP: 60510MBW7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    405000 | PA      | $406571.00    | 0.00%             | 2031-09-15      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-B                       | MLANE 2025-B A 144A 5.06% 09-15-31                                               | CUSIP: 60510MBU1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  17757000 | PA      | $17906656.00  | 0.14%             | 2031-09-15      | Fixed         | 5.06%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-B                       | MLANE 2025-B B 144A 5.21% 09-15-31                                               | CUSIP: 60510MBV9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1659000 | PA      | $1667226.98   | 0.01%             | 2031-09-15      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| MMP 2025-A                                                        | MMP 2025-A A 144A 5.36% 12-15-31                                                 | CUSIP: 55317QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1876993 | PA      | $1892573.84   | 0.02%             | 2031-12-15      | Fixed         | 5.36%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-C                       | MLANE 2025-C A 144A 4.78% 12-16-30                                               | CUSIP: 60510MCA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5559000 | PA      | $5587378.70   | 0.04%             | 2030-12-16      | Fixed         | 4.78%                 | Yes           |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST NSLT_21-A                               | NSLT 2021-A APT1 144A 1.36% 04-20-62                                             | CUSIP: 64035DAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6078551 | PA      | $5743094.22   | 0.05%             | 2062-04-20      | Fixed         | 1.36%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION LOAN TRUST NAVSL_21-C                   | NAVSL 2021-CA A 144A 1.06% 10-15-69                                              | CUSIP: 63942JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3687904 | PA      | $3385381.51   | 0.03%             | 2069-10-15      | Fixed         | 1.06%                 | Yes           |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST NSLT_21-B                               | NSLT 2021-BA AFX 144A 1.42% 04-20-62                                             | CUSIP: 64034QAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12182673 | PA      | $11525064.48  | 0.09%             | 2062-04-20      | Fixed         | 1.42%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST NAVSL_21-E              | NAVSL 2021-EA A 144A 0.97% 12-16-69                                              | CUSIP: 63942EAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1717721 | PA      | $1545847.26   | 0.01%             | 2069-12-16      | Fixed         | 0.97%                 | Yes           |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST NSLT_21-C                               | NSLT 2021-CA AFX 144A 1.32% 04-20-62                                             | CUSIP: 64035GAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7798710 | PA      | $7316242.76   | 0.06%             | 2062-04-20      | Fixed         | 1.32%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION LOAN TRUST NAVSL_21-F                   | NAVSL 2021-FA A 144A 1.11% 02-18-70                                              | CUSIP: 63942GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3451198 | PA      | $3085264.28   | 0.02%             | 2070-02-18      | Fixed         | 1.11%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION LOAN TRUST NAVSL_21-G                   | NAVSL 2021-GA A 144A 1.58% 04-15-70                                              | CUSIP: 63942KAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7596074 | PA      | $6918489.07   | 0.06%             | 2070-04-15      | Fixed         | 1.58%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION LOAN TRUST NAVSL_20-D                   | NAVSL 2020-DA A 144A 1.69% 05-15-69                                              | CUSIP: 63941HAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    634033 | PA      | $605196.87    | 0.00%             | 2069-05-15      | Fixed         | 1.69%                 | Yes           |                  2 | On Loan: No      |
| NMEF 2024-A                                                       | NMEF 2024-A A2 144A 5.15% 12-15-31                                               | CUSIP: 62919UAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12151855 | PA      | $12227913.08  | 0.10%             | 2031-12-15      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| NMEF 2025-A                                                       | NMEF 2025-A A2 144A 4.72% 07-15-32                                               | CUSIP: 62919VAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10161178 | PA      | $10195208.26  | 0.08%             | 2032-07-15      | Fixed         | 4.72%                 | Yes           |                  2 | On Loan: No      |
| NSLT 2025-AA                                                      | NSLT 2025-AA A1A 144A 5.07% 03-15-57                                             | CUSIP: 64033XAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7124922 | PA      | $7257652.25   | 0.06%             | 2057-03-15      | Fixed         | 5.07%                 | Yes           |                  2 | On Loan: No      |
| NMEF 2023-A                                                       | NMEF 2023-A A2 144A 6.57% 06-17-30                                               | CUSIP: 62890QAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    678989 | PA      | $683018.32    | 0.01%             | 2030-06-17      | Fixed         | 6.57%                 | Yes           |                  2 | On Loan: No      |
| NAVEL 2025-A                                                      | NAVEL 2025-A A 144A 5.02% 07-15-55                                               | CUSIP: 63943EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5151422 | PA      | $5201061.25   | 0.04%             | 2055-07-15      | Fixed         | 5.02%                 | Yes           |                  2 | On Loan: No      |
| ROCKFORD TOWER CLO LTD ROCKT_17-3A                                | ROCKT 2017-3A A CLO 144A FRN 10-20-30                                            | CUSIP: 77341DAA5<br>LEI: 549300V5ZF7112UGSH89 | Long             | ABS-O            | CORP              | KY        |    139038 | PA      | $139164.02    | 0.00%             | 2030-10-20      | Variable      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| REACH 2024-2A                                                     | REACH 2024-2A A 144A 5.88% 07-15-31                                              | CUSIP: 75525HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2302470 | PA      | $2312925.07   | 0.02%             | 2031-07-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| RESEARCH DRIVEN PAGAYA MOTOR ASSET TRUST RPM _25-4                | RPM 2025-4A A2 144A 5.124% 04-25-34                                              | CUSIP: 76089MAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  17390000 | PA      | $17473124.20  | 0.14%             | 2034-04-25      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| RESEARCHDRIVEN PAGAYA MOTOR ASSET TRUST RPM_25-5                  | RPM 2025-5A A2 144A 4.575% 06-26-34                                              | CUSIP: 76089KAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4917000 | PA      | $4919335.58   | 0.04%             | 2034-06-26      | Fixed         | 4.58%                 | Yes           |                  2 | On Loan: No      |
| RESEARCHDRIVEN PAGAYA MOTOR ASSET TRUST RPM_25-5                  | RPM 2025-5A A3 144A 4.838% 06-26-34                                              | CUSIP: 76089KAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7600000 | PA      | $7617616.80   | 0.06%             | 2034-06-26      | Fixed         | 4.84%                 | Yes           |                  2 | On Loan: No      |
| RPM 2025-6A                                                       | RPM 2025-6A A3 144A 5.013% 08-25-34                                              | CUSIP: 76100JAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1001520.00   | 0.01%             | 2034-08-25      | Fixed         | 5.01%                 | Yes           |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                   | SBA TOWER TRUST 144A LIFE 1.631% 11-15-26                                        | CUSIP: 78403DAT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6741000 | PA      | $6571477.33   | 0.05%             | 2026-11-15      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL SC FINANCE SRL SEACO_21-2                                  | SEACO 2021-2A A 144A 1.95% 08-17-41                                              | CUSIP: 37959PAG2<br>LEI: 549300JZYOMTAKV6RT73 | Long             | ABS-O            | CORP              | BM        |   5126268 | PA      | $4819947.52   | 0.04%             | 2041-08-17      | Fixed         | 1.95%                 | Yes           |                  2 | On Loan: No      |
| SUTTONPARK STRUCTURED SETTLEMENTS SPSS_2021-1                     | SPSS 2021-A A 144A 1.95% 09-15-75                                                | CUSIP: 78472VAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5765208 | PA      | $5628002.28   | 0.05%             | 2075-09-15      | Fixed         | 1.95%                 | Yes           |                  2 | On Loan: No      |
| STONEPEAK 2021-1 ABS SALTT_21-1A                                  | SALTT 2021-1A AA 144A 2.301% 02-28-33                                            | CUSIP: 78433XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1389218 | PA      | $1353088.39   | 0.01%             | 2033-02-28      | Fixed         | 2.30%                 | Yes           |                  2 | On Loan: No      |
| SPRITE LIMITED SPRTE_21-1                                         | SPRTE 2021-1 A 144A 3.75% 11-15-46                                               | CUSIP: 85208UAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3152085 | PA      | $3084819.87   | 0.02%             | 2046-11-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC SORT_22-1                                 | SORT 2022-1A A1 144A 5.97% 08-15-62                                              | CUSIP: 12530MAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10685227 | PA      | $10543658.18  | 0.08%             | 2062-08-15      | Fixed         | 5.97%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC SORT_22-1                                 | SORT 2022-1A A2 144A 6.11% 08-15-62                                              | CUSIP: 12530MAM7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4222974 | PA      | $4109987.89   | 0.03%             | 2062-08-15      | Fixed         | 6.11%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST SDART_22-5                 | SDART 2022-5 C 4.74% 10-16-28                                                    | CUSIP: 80287HAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3262589 | PA      | $3264765.30   | 0.03%             | 2028-10-16      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST SDART_23-3                 | SDART 2023-3 C 5.77% 11-15-30                                                    | CUSIP: 80285XAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    902000 | PA      | $919164.16    | 0.01%             | 2030-11-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY CARD ISSUANCE TRUST SYNIT_23-A1                         | SYNIT 2023-A1 A 5.54% 07-15-29                                                   | CUSIP: 87166PAK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5633000 | PA      | $5685950.20   | 0.05%             | 2029-07-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST SMB_23-C                         | SMB 2023-C A1B 144A FRN 11-15-52                                                 | CUSIP: 83207DAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    841240 | PA      | $847683.53    | 0.01%             | 2052-11-15      | Variable      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST SDART_23-5                 | SDART 2023-5 A3 6.02% 09-15-28                                                   | CUSIP: 80286PAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    989179 | PA      | $992421.50    | 0.01%             | 2028-09-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY CARD ISSUANCE TRUST SYNIT_23-A2                         | SYNIT 2023-A2 A 5.74% 10-15-29                                                   | CUSIP: 87166PAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6984000 | PA      | $7088040.65   | 0.06%             | 2029-10-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST SDART_23-6                 | SDART 2023-6 A3 5.93% 07-17-28                                                   | CUSIP: 80287DAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1216556 | PA      | $1221396.57   | 0.01%             | 2028-07-17      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| SDART 2024-1                                                      | SDART 2024-1 A3 5.25% 04-17-28                                                   | CUSIP: 80288AAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1343935 | PA      | $1345322.01   | 0.01%             | 2028-04-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SDART 2024-1                                                      | SDART 2024-1 B 5.23% 12-15-28                                                    | CUSIP: 80288AAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3718000 | PA      | $3736117.81   | 0.03%             | 2028-12-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| SBNA AUTO LEASE TRUST SBALT_24-A                                  | SBALT 2024-A A3 144A 5.39% 11-20-26                                              | CUSIP: 78414SAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2462009 | PA      | $2469190.40   | 0.02%             | 2026-11-20      | Fixed         | 5.39%                 | Yes           |                  2 | On Loan: No      |
| SDART 2024-2                                                      | SDART 2024-2 B 5.78% 07-16-29                                                    | CUSIP: 80286YAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7586000 | PA      | $7683980.78   | 0.06%             | 2029-07-16      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| SDART 2024-2                                                      | SDART 2024-2 A3 5.63% 11-15-28                                                   | CUSIP: 80286YAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10482568 | PA      | $10523964.11  | 0.08%             | 2028-11-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SBALT 2024-B                                                      | SBALT 2024-B A3 144A 5.56% 11-22-27                                              | CUSIP: 78437VAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3079334 | PA      | $3096325.27   | 0.02%             | 2027-11-22      | Fixed         | 5.56%                 | Yes           |                  2 | On Loan: No      |
| SCFET 2024-1A                                                     | SCFET 2024-1A A2 144A 5.88% 11-20-29                                             | CUSIP: 783896AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1297617 | PA      | $1305319.51   | 0.01%             | 2029-11-20      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SCFET 2024-1A                                                     | SCFET 2024-1A A3 144A 5.52% 01-20-32                                             | CUSIP: 783896AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20230000 | PA      | $20596871.05  | 0.17%             | 2032-01-20      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| SDART 2024-3                                                      | SDART 2024-3 B 5.55% 09-17-29                                                    | CUSIP: 80287LAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7975000 | PA      | $8075748.18   | 0.06%             | 2029-09-17      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| SDART 2024-3                                                      | SDART 2024-3 A3 5.63% 01-16-29                                                   | CUSIP: 80287LAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4866795 | PA      | $4888087.37   | 0.04%             | 2029-01-16      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SCCU 2024-1A                                                      | SCCU 2024-1A A3 144A 5.11% 06-15-29                                              | CUSIP: 78436RAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3183000 | PA      | $3204322.92   | 0.03%             | 2029-06-15      | Fixed         | 5.11%                 | Yes           |                  2 | On Loan: No      |
| SYNCHRONY CARD ISSUANCE TRUST SYNIT_24-A2                         | SYNIT 2024-A2 A 4.93% 07-15-30                                                   | CUSIP: 87166PAN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8978000 | PA      | $9129710.24   | 0.07%             | 2030-07-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| SDART 2024-4                                                      | SDART 2024-4 A3 4.85% 01-16-29                                                   | CUSIP: 802919AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1408545 | PA      | $1412071.73   | 0.01%             | 2029-01-16      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| SDART 2024-4                                                      | SDART 2024-4 B 4.93% 09-17-29                                                    | CUSIP: 802919AD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    917000 | PA      | $923197.09    | 0.01%             | 2029-09-17      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| SBALT 2024-C                                                      | SBALT 2024-C A3 144A 4.56% 02-22-28                                              | CUSIP: 78398DAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2193296 | PA      | $2198309.65   | 0.02%             | 2028-02-22      | Fixed         | 4.56%                 | Yes           |                  2 | On Loan: No      |
| SLAM 2024-1A                                                      | SLAM 2024-1A A 144A 5.335% 09-15-49                                              | CUSIP: 83100AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    438631 | PA      | $447067.23    | 0.00%             | 2049-09-15      | Fixed         | 5.33%                 | Yes           |                  2 | On Loan: No      |
| SFAST 2024-3A                                                     | SFAST 2024-3A A3 144A 4.55% 06-20-30                                             | CUSIP: 78436XAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6790000 | PA      | $6828309.18   | 0.05%             | 2030-06-20      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_22-AHP                            | BX 2022-AHP A 144A FRN 01-17-39                                                  | CUSIP: 05610FAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10634000 | PA      | $10623993.41  | 0.09%             | 2039-01-17      | Variable      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| BINOM SECURITIZATION TRUST BINOM_22-RPL1                          | BINOM 2022-RPL1 A1 144A FRN 02-25-61                                             | CUSIP: 05552CAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1767776 | PA      | $1670405.20   | 0.01%             | 2061-02-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2022-CSMO                            | BX 2022-CSMO A 144A FRN 06-15-27                                                 | CUSIP: 05610MAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4773000 | PA      | $4792712.49   | 0.04%             | 2027-06-15      | Variable      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_22-NQM2                     | BRAVO 2022-NQM2 A1 144A 4.272% 11-25-61                                          | CUSIP: 10568KAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    493947 | PA      | $494808.36    | 0.00%             | 2061-11-25      | Variable      | 4.27%                 | Yes           |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_22-NQM3                     | BRAVO 2022-NQM3 A1 144A 5.108% 07-25-62                                          | CUSIP: 10569JAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5130044 | PA      | $5123616.39   | 0.04%             | 2062-07-25      | Variable      | 5.11%                 | Yes           |                  2 | On Loan: No      |
| BANK5 2023-5YR1                                                   | BANK5 2023-5YR1 A3 FRN 04-15-56                                                  | CUSIP: 06644EAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1465000 | PA      | $1522782.53   | 0.01%             | 2056-04-15      | Variable      | 6.26%                 | No            |                  2 | On Loan: No      |
| BBCMS 2018-TALL                                                   | BBCMS 2018-TALL A 144A FRN 03-15-37                                              | CUSIP: 05548WAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6045000 | PA      | $5694069.62   | 0.05%             | 2037-03-15      | Variable      | 4.88%                 | Yes           |                  2 | On Loan: No      |
| BMO MORTGAGE TRUST BMO_23-5C1                                     | BMO 2023-5C1 AS FRN 08-15-56                                                     | CUSIP: 055986AF0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1996000 | PA      | $2113075.38   | 0.02%             | 2056-08-15      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| BMO MORTGAGE TRUST BMO_23-5C1                                     | BMO 2023-5C1 A3 FRN 08-15-56                                                     | CUSIP: 055986AC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    971000 | PA      | $1018817.87   | 0.01%             | 2056-08-15      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| BMO MORTGAGE TRUST BMO_23-C6                                      | BMO 2023-C6 A5 FRN 09-15-56                                                      | CUSIP: 055985AE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    370000 | PA      | $396349.92    | 0.00%             | 2056-09-15      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| BANK5 BANK5_23-5YR3                                               | BANK5 2023-5YR3 AS FRN 09-15-56                                                  | CUSIP: 06211EAP6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4885000 | PA      | $5233569.18   | 0.04%             | 2056-09-15      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| DRSLF 2022-112A                                                   | DRSLF 2022-112A AR2 CLO 144A FRN 11-15-36                                        | CUSIP: 26243DAW3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |   3000000 | PA      | $3002130.00   | 0.02%             | 2036-11-15      | Variable      | 4.99%                 | Yes           |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING LLC EFF_22-3                           | EFF 2022-3 A2 144A 4.38% 07-20-29                                                | CUSIP: 29374FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    188123 | PA      | $188181.49    | 0.00%             | 2029-07-20      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING LLC EFF_22-4                           | EFF 2022-4 A2 144A 5.76% 10-22-29                                                | CUSIP: 29374GAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1484547 | PA      | $1490991.12   | 0.01%             | 2029-10-22      | Fixed         | 5.76%                 | Yes           |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_22-6                     | EART 2022-6A C 6.32% 05-15-28                                                    | CUSIP: 30168AAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    918365 | PA      | $921805.46    | 0.01%             | 2028-05-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_23-3                     | EART 2023-3A C 6.21% 06-15-28                                                    | CUSIP: 301989AE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1516451 | PA      | $1524250.40   | 0.01%             | 2028-06-15      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING LLC EFF_24-1                           | EFF 2024-1 A2 144A 5.23% 03-20-30                                                | CUSIP: 29375PAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4277662 | PA      | $4310741.04   | 0.03%             | 2030-03-20      | Fixed         | 5.23%                 | Yes           |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING LLC EFF_24-1                           | EFF 2024-1 A3 144A 5.16% 09-20-30                                                | CUSIP: 29375PAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1520000 | PA      | $1548238.56   | 0.01%             | 2030-09-20      | Fixed         | 5.16%                 | Yes           |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_2024-1                   | EART 2024-1A B 5.29% 08-15-28                                                    | CUSIP: 30167PAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3962869 | PA      | $3972824.17   | 0.03%             | 2028-08-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_2024-1                   | EART 2024-1A C 5.41% 05-15-30                                                    | CUSIP: 30167PAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4255000 | PA      | $4297869.13   | 0.03%             | 2030-05-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| EFF 2024-2                                                        | EFF 2024-2 A2 144A 5.74% 12-20-26                                                | CUSIP: 29375RAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1799405 | PA      | $1807029.23   | 0.01%             | 2026-12-20      | Fixed         | 5.74%                 | Yes           |                  2 | On Loan: No      |
| EART 2024-3A                                                      | EART 2024-3A A3 5.65% 12-15-27                                                   | CUSIP: 30165AAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    497381 | PA      | $497695.58    | 0.00%             | 2027-12-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING LLC EFF_22-1                           | EFF 2022-1 A3 144A 3.27% 01-20-28                                                | CUSIP: 29375JAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     60661 | PA      | $60590.09     | 0.00%             | 2028-01-20      | Fixed         | 3.27%                 | Yes           |                  2 | On Loan: No      |
| EFF 2024-3                                                        | EFF 2024-3 A2 144A 5.31% 04-20-27                                                | CUSIP: 29375QAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4161758 | PA      | $4182063.53   | 0.03%             | 2027-04-20      | Fixed         | 5.31%                 | Yes           |                  2 | On Loan: No      |
| EART 2024-4A                                                      | EART 2024-4A B 5.29% 08-15-30                                                    | CUSIP: 30166UAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3259000 | PA      | $3271980.60   | 0.03%             | 2030-08-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| EQS 2024-1C                                                       | EQS 2024-1C A 144A 6.05% 01-20-31                                                | CUSIP: 22689LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4295455 | PA      | $4347867.70   | 0.03%             | 2031-01-20      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| EFF 2024-4                                                        | EFF 2024-4 A2 144A 4.69% 07-20-27                                                | CUSIP: 29374MAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14822729 | PA      | $14870665.21  | 0.12%             | 2027-07-20      | Fixed         | 4.69%                 | Yes           |                  2 | On Loan: No      |
| EQUIPMENTSHARE EQS_24-2M                                          | EQS 2024-2M A 144A 5.7% 12-20-32                                                 | CUSIP: 69121NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9616351 | PA      | $9661105.87   | 0.08%             | 2032-12-20      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| EVGRN 2025-CRT5                                                   | EVGRN 2025-CRT5 B 144A 5.24% 05-15-29                                            | CUSIP: 30023JCX4<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | US        |   2542000 | PA      | $2573619.94   | 0.02%             | 2029-05-15      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| EART 2025-1A                                                      | EART 2025-1A A2 4.7% 09-15-27                                                    | CUSIP: 30167MAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3262482 | PA      | $3263526.18   | 0.03%             | 2027-09-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| EART 2025-1A                                                      | EART 2025-1A A3 4.67% 08-15-28                                                   | CUSIP: 30167MAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7051000 | PA      | $7064474.46   | 0.06%             | 2028-08-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| EART 2025-3A                                                      | EART 2025-3A B 4.86% 02-15-30                                                    | CUSIP: 30166XAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2027000 | PA      | $2053774.64   | 0.02%             | 2030-02-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| EART 2025-3A                                                      | EART 2025-3A A3 4.78% 07-16-29                                                   | CUSIP: 30166XAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3821000 | PA      | $3845920.56   | 0.03%             | 2029-07-16      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| OWN EQUIPMENT FUND II LLC 25-1M                                   | EQS 2025-1M A 144A 5.48% 09-26-33                                                | CUSIP: 690912AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8951817 | PA      | $8920933.37   | 0.07%             | 2033-09-26      | Fixed         | 5.48%                 | Yes           |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 2025-4                        | EART 2025-4A A3 4.39% 09-17-29                                                   | CUSIP: 30167KAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5021000 | PA      | $5045110.84   | 0.04%             | 2029-09-17      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 2025-4                        | EART 2025-4A A2 4.53% 03-15-28                                                   | CUSIP: 30167KAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2070000 | PA      | $2072082.42   | 0.02%             | 2028-03-15      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| ESART 2025-3                                                      | ESART 2025-3 A2 4.24% 05-15-29                                                   | CUSIP: 30185FAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9736000 | PA      | $9741929.22   | 0.08%             | 2029-05-15      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| EART 2025-5A                                                      | EART 2025-5A B 4.28% 07-15-30                                                    | CUSIP: 30166VAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1400000 | PA      | $1403606.40   | 0.01%             | 2030-07-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| EART 2025-5A                                                      | EART 2025-5A A3 4.24% 11-15-29                                                   | CUSIP: 30166VAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11844000 | PA      | $11865887.71  | 0.10%             | 2029-11-15      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| EDVESTINU PRIVATE EDUCATION LOAN TRUST EDVES_21-A                 | EDVES 2021-A A 144A 1.8% 11-25-45                                                | CUSIP: 28166LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    476895 | PA      | $447714.72    | 0.00%             | 2045-11-25      | Fixed         | 1.80%                 | Yes           |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST FORDR_23-1                           | FORDR 2023-1 A 144A 4.85% 08-15-35                                               | CUSIP: 34535QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4029000 | PA      | $4108995.80   | 0.03%             | 2035-08-15      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| FNMNT 2023-1                                                      | FNMNT 2023-1 A 5.13% 04-15-29                                                    | CUSIP: 32113CBV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4144000 | PA      | $4159763.78   | 0.03%             | 2029-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST FORDR_23-2                           | FORDR 2023-2 A 144A 5.28% 02-15-36                                               | CUSIP: 34535CAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2981000 | PA      | $3083379.46   | 0.02%             | 2036-02-15      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST FCAT_23-3                              | FCAT 2023-3 A3 144A 5.44% 04-17-28                                               | CUSIP: 33846BAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    876551 | PA      | $877742.28    | 0.01%             | 2028-04-17      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| FIRST NATIONAL MASTER NOTE TRUST FNMNT_23-2                       | FNMNT 2023-2 A 5.77% 09-15-29                                                    | CUSIP: 32113CBY5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10347000 | PA      | $10485111.76  | 0.08%             | 2029-09-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO LEASE TRUST FORDL_24-A                           | FORDL 2024-A A4 5.05% 06-15-27                                                   | CUSIP: 345290AE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2106000 | PA      | $2116110.91   | 0.02%             | 2027-06-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| GMF FLOORPLAN OWNER REVOLVING TRUST GFORT_25-2                    | GFORT 2025-2A A 144A 4.64% 03-15-30                                              | CUSIP: 361886EB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7089000 | PA      | $7201644.21   | 0.06%             | 2030-03-15      | Fixed         | 4.64%                 | Yes           |                  2 | On Loan: No      |
| GFORT 2025-1A                                                     | GFORT 2025-1A A1 144A 4.59% 03-15-29                                             | CUSIP: 361886DV3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1986000 | PA      | $2001351.78   | 0.02%             | 2029-03-15      | Fixed         | 4.59%                 | Yes           |                  2 | On Loan: No      |
| HAROT 2024-2                                                      | HAROT 2024-2 A3 5.27% 11-20-28                                                   | CUSIP: 437930AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1429000 | PA      | $1442515.48   | 0.01%             | 2028-11-20      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING LLC HERTZ_24-1                            | HERTZ 2024-1A A 144A 5.44% 01-25-29                                              | CUSIP: 42806MCK3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12336000 | PA      | $12614781.26  | 0.10%             | 2029-01-25      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_23-1                        | HERTZ 2023-1A B 144A 6.22% 06-25-27                                              | CUSIP: 42806MBT5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3340000 | PA      | $3358830.92   | 0.03%             | 2027-06-25      | Fixed         | 6.22%                 | Yes           |                  2 | On Loan: No      |
| HORZN 2024-1                                                      | HORZN 2024-1 A 144A 5.375% 09-15-49                                              | CUSIP: 43990EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    552778 | PA      | $562382.97    | 0.00%             | 2049-09-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_23-3                        | HERTZ 2023-3A A 144A 5.94% 02-25-28                                              | CUSIP: 42806MCA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10230000 | PA      | $10389127.65  | 0.08%             | 2028-02-25      | Fixed         | 5.94%                 | Yes           |                  2 | On Loan: No      |
| HUNTINGTON BANK AUTO CREDIT-LINKED NOTES SERIES HACLN_24-2        | HACLN 2024-2 B1 144A 5.442% 10-20-32                                             | CUSIP: 44644NAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8267049 | PA      | $8357226.14   | 0.07%             | 2032-10-20      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_25-1                        | HERTZ 2025-1A A 144A 4.91% 09-25-29                                              | CUSIP: 42806MCT4<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   9888000 | PA      | $10013874.24  | 0.08%             | 2029-09-25      | Fixed         | 4.91%                 | Yes           |                  2 | On Loan: No      |
| HACLN 2025-1                                                      | HACLN 2025-1 B 144A 4.957% 03-21-33                                              | CUSIP: 446438SX2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  19225907 | PA      | $19390942.16  | 0.16%             | 2033-03-21      | Fixed         | 4.96%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_25-3                        | HERTZ 2025-3A A 144A 5.06% 12-26-29                                              | CUSIP: 42806MDB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  16917000 | PA      | $17199953.74  | 0.14%             | 2029-12-26      | Fixed         | 5.06%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING IV LLC HERTZ_25-4                         | HERTZ 2025-4A A 144A 5.41% 12-25-31                                              | CUSIP: 42806MDF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2836000 | PA      | $2935121.04   | 0.02%             | 2031-12-25      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| HPEFS 2025-1A                                                     | HPEFS 2025-1A A3 144A 4.43% 09-20-32                                             | CUSIP: 40446EAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1652000 | PA      | $1664399.91   | 0.01%             | 2032-09-20      | Fixed         | 4.43%                 | Yes           |                  2 | On Loan: No      |
| HUNTINGTON BANK AUTO CREDIT-LINKED NOTES SERIES 2025-2            | HACLN 2025-2 B1 144A 4.835% 09-20-33                                             | CUSIP: 44644NAN9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5514864 | PA      | $5552872.81   | 0.04%             | 2033-09-20      | Fixed         | 4.83%                 | Yes           |                  2 | On Loan: No      |
| HPEFS 2025-2A                                                     | HPEFS 2025-2A A2 144A 4.07% 11-22-32                                             | CUSIP: 442927AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2010000 | PA      | $2011413.03   | 0.02%             | 2032-11-22      | Fixed         | 4.07%                 | Yes           |                  2 | On Loan: No      |
| HPEFS 2025-2A                                                     | HPEFS 2025-2A A3 144A 4.03% 11-22-32                                             | CUSIP: 442927AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3706000 | PA      | $3710476.85   | 0.03%             | 2032-11-22      | Fixed         | 4.03%                 | Yes           |                  2 | On Loan: No      |
| HFMOT 2025-1A                                                     | HFMOT 2025-1A A 144A 4.01% 10-15-30                                              | CUSIP: 44921QAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13925000 | PA      | $13908707.75  | 0.11%             | 2030-10-15      | Fixed         | 4.01%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_25-6                        | HERTZ 2025-6A A 144A 4.89% 05-25-32                                              | CUSIP: 42806MDQ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7690000 | PA      | $7702457.80   | 0.06%             | 2032-05-25      | Fixed         | 4.89%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_25-5                        | HERTZ 2025-5A A 144A 4.62% 05-25-30                                              | CUSIP: 42806MDL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10948000 | PA      | $10963436.68  | 0.09%             | 2030-05-25      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| JAMESTOWN CLO LTD JTWN_18-11A                                     | JTWN 2018-11A A2 CLO 144A FRN 07-14-31                                           | CUSIP: 47049QAC0<br>LEI: 549300ICXRO4NIJIWJ29 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2006920.00   | 0.02%             | 2031-07-14      | Variable      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| JDOT 2024-A                                                       | JDOT 2024-A A3 4.96% 11-15-28                                                    | CUSIP: 47800RAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3689000 | PA      | $3720135.16   | 0.03%             | 2028-11-15      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| JDOT 2024-B                                                       | JDOT 2024-B A3 5.2% 03-15-29                                                     | CUSIP: 47786WAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11723000 | PA      | $11900544.84  | 0.10%             | 2029-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| KKR 16                                                            | KKR 16 A1R2 CLO 144A FRN 10-20-34                                                | CUSIP: 48251BAW0<br>LEI: 254900VCKMCY079T6M57 | Long             | ABS-O            | CORP              | KY        |    733992 | PA      | $734028.67    | 0.01%             | 2034-10-20      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| KKR FINANCIAL CLO LTD KKR_21                                      | KKR 21 A CLO 144A FRN 04-15-31                                                   | CUSIP: 48252KAA7<br>LEI: 5493008X0MRR4A6VYF15 | Long             | ABS-O            | CORP              | KY        |    301925 | PA      | $302055.26    | 0.00%             | 2031-04-15      | Variable      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| KKR CLO 11 LLC                                                    | KKR 11 AR CLO 144A FRN 01-15-31                                                  | CUSIP: 48250MAK3<br>LEI: 549300PJRIGYUE3V5M12 | Long             | ABS-O            | CORP              | US        |    112005 | PA      | $112089.34    | 0.00%             | 2031-01-15      | Variable      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_22-1                             | LADAR 2022-1A B 144A 5.87% 09-15-27                                              | CUSIP: 501687AB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    415972 | PA      | $416752.47    | 0.00%             | 2027-09-15      | Fixed         | 5.87%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_23-1A                            | LADAR 2023-1A C 144A 6.18% 12-15-27                                              | CUSIP: 505710AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    339000 | PA      | $340312.61    | 0.00%             | 2027-12-15      | Fixed         | 6.18%                 | Yes           |                  2 | On Loan: No      |
| LCM_27-A                                                          | LCM 27A A1 CLO 144A FRN 07-16-31                                                 | CUSIP: 50200JAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     45673 | PA      | $45678.64     | 0.00%             | 2031-07-16      | Variable      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| NMEF 2025-B                                                       | NMEF 2025-B A2 144A 4.64% 01-18-33                                               | CUSIP: 62919WAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12888000 | PA      | $12934332.36  | 0.10%             | 2033-01-18      | Fixed         | 4.64%                 | Yes           |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST NRZT_20-RPL1                  | NRZT 2020-RPL1 A1 144A FRN 11-25-59                                              | CUSIP: 64828XAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4228864 | PA      | $4086131.12   | 0.03%             | 2059-11-25      | Variable      | 2.75%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT STUDENT LOAN TRUST NAVSL_21-A                             | NAVSL 2021-A A 144A 0.84% 05-15-69                                               | CUSIP: 63942BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2054003 | PA      | $1887815.63   | 0.02%             | 2069-05-15      | Fixed         | 0.84%                 | Yes           |                  2 | On Loan: No      |
| NEWARK BSL CLO NBCLO_17-1A                                        | NBCLO 2017-1A A1R CLO 144A FRN 07-25-30                                          | CUSIP: 65023PAN0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    985549 | PA      | $986564.35    | 0.01%             | 2030-07-25      | Variable      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION LOAN TRUST NAVSL_21-B                   | NAVSL 2021-BA A 144A 0.94% 07-15-69                                              | CUSIP: 63942LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    907427 | PA      | $832239.92    | 0.01%             | 2069-07-15      | Fixed         | 0.94%                 | Yes           |                  2 | On Loan: No      |
| OPORTUN FUNDING LLC OPTN_21-B                                     | OPTN 2021-B A 144A 1.47% 05-08-31                                                | CUSIP: 68377GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1892665 | PA      | $1855042.93   | 0.01%             | 2031-05-08      | Fixed         | 1.47%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO LTD OCP_19-16A                                            | OCP 2019-16A AR CLO 144A FRN 04-10-33                                            | CUSIP: 67570QAK7<br>LEI: 254900XAI48J82ID5O83 | Long             | ABS-O            | CORP              | US        |   2458429 | PA      | $2460641.52   | 0.02%             | 2033-04-10      | Variable      | 5.19%                 | Yes           |                  2 | On Loan: No      |
| ONDECK ASSET SECURITIZATION TRUST LLC ONDK_24-2                   | ONDK 2024-2A A 144A 4.98% 10-17-31                                               | CUSIP: 67108SAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6093000 | PA      | $6123544.21   | 0.05%             | 2031-10-17      | Fixed         | 4.98%                 | Yes           |                  2 | On Loan: No      |
| OWLEF 2024-1A                                                     | OWLEF 2024-1A B 144A 5.41% 03-15-30                                              | CUSIP: 095921AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $192334.91    | 0.00%             | 2030-03-15      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| OWLEF 2024-1A                                                     | OWLEF 2024-1A A2 144A 5.05% 03-15-29                                             | CUSIP: 095921AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4740832 | PA      | $4759364.24   | 0.04%             | 2029-03-15      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| ONDK 2025-1A                                                      | ONDK 2025-1A A 144A 5.08% 04-19-32                                               | CUSIP: 68237DAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6040000 | PA      | $6077109.76   | 0.05%             | 2032-04-19      | Fixed         | 5.08%                 | Yes           |                  2 | On Loan: No      |
| ONDECK ASSET SECURITIZATION TRUST LLC ONDK_25-2                   | ONDK 2025-2A A 144A 4.84% 11-17-32                                               | CUSIP: 67108SAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4549000 | PA      | $4578341.05   | 0.04%             | 2032-11-17      | Fixed         | 4.84%                 | Yes           |                  2 | On Loan: No      |
| PRDGY 2021-1A                                                     | PRDGY 2021-1A A 144A FRN 07-25-51                                                | CUSIP: 742855AA7<br>LEI: 635400HTAZNW3LYYMQ40 | Long             | ABS-O            | CORP              | US        |    357169 | PA      | $356606.89    | 0.00%             | 2051-07-25      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| PFSFC_23-A                                                        | PFSFC 2023-A A 144A 5.8% 03-15-28                                                | CUSIP: 69335PET8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10653000 | PA      | $10704432.68  | 0.09%             | 2028-03-15      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| PFS FINANCING CORP PFSFC_23-B                                     | PFSFC 2023-B A 144A 5.27% 05-15-28                                               | CUSIP: 69335PEV3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7722000 | PA      | $7759351.31   | 0.06%             | 2028-05-15      | Fixed         | 5.27%                 | Yes           |                  2 | On Loan: No      |
| PART 2024-1A                                                      | PART 2024-1A B 144A 5.71% 05-15-28                                               | CUSIP: 74113QAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    580257 | PA      | $581135.08    | 0.00%             | 2028-05-15      | Fixed         | 5.71%                 | Yes           |                  2 | On Loan: No      |
| PPMC 2019-2A                                                      | PPMC 2019-2A CR2 CLO 144A FRN 04-16-37                                           | CUSIP: 69377PAY0<br>LEI: 549300JBW1DIZLGMSY83 | Long             | ABS-O            | CORP              | KY        |   3000000 | PA      | $3007740.00   | 0.02%             | 2037-04-16      | Variable      | 6.69%                 | Yes           |                  2 | On Loan: No      |
| PKAIR 2024-1                                                      | PKAIR 2024-1 A1 144A 5.842% 09-15-39                                             | CUSIP: 69291VAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3186779 | PA      | $3269351.29   | 0.03%             | 2039-09-15      | Fixed         | 5.84%                 | Yes           |                  2 | On Loan: No      |
| PKAIR 2024-1                                                      | PKAIR 2024-1 AF 144A FRN 09-15-39                                                | CUSIP: 69291VAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1114034 | PA      | $1124722.27   | 0.01%             | 2039-09-15      | Variable      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| PEAC 2024-1A                                                      | PEAC 2024-1A A3 144A 5.64% 11-20-30                                              | CUSIP: 69433BAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9000000 | PA      | $9236943.00   | 0.07%             | 2030-11-20      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| PEAC 2024-1A                                                      | PEAC 2024-1A A2 144A 5.79% 06-21-27                                              | CUSIP: 69433BAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10847551 | PA      | $10934440.14  | 0.09%             | 2027-06-21      | Fixed         | 5.79%                 | Yes           |                  2 | On Loan: No      |
| PG&E RECOVERY FUNDING LLC PCG_24-A                                | PG&E RECOVERY FUNDING LLC 4.838% 06-01-33                                        | CUSIP: 71710TAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4410525 | PA      | $4509347.29   | 0.04%             | 2033-06-01      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| PFS FINANCING CORP PFSFC_24-F                                     | PFSFC 2024-F A 144A 4.75% 08-15-29                                               | CUSIP: 69335PFP5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7918000 | PA      | $8011091.93   | 0.06%             | 2029-08-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| PILOT 2024-1A                                                     | PILOT 2024-1A A2A 144A 4.84% 01-20-27                                            | CUSIP: 73328AAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    672248 | PA      | $673007.69    | 0.01%             | 2027-01-20      | Fixed         | 4.84%                 | Yes           |                  2 | On Loan: No      |
| PILOT 2024-1A                                                     | PILOT 2024-1A A3 144A 4.67% 11-22-27                                             | CUSIP: 73328AAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4582000 | PA      | $4599833.14   | 0.04%             | 2027-11-22      | Fixed         | 4.67%                 | Yes           |                  2 | On Loan: No      |
| PART 2024-2A                                                      | PART 2024-2A B 144A 4.56% 02-15-29                                               | CUSIP: 74113SAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    515000 | PA      | $513426.68    | 0.00%             | 2029-02-15      | Fixed         | 4.56%                 | Yes           |                  2 | On Loan: No      |
| PKAIR 2024-2                                                      | PKAIR 2024-2 A 144A 5.052% 10-15-39                                              | CUSIP: 69381EAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4017933 | PA      | $4048959.55   | 0.03%             | 2039-10-15      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| PALMER SQUARE LOAN FUNDING LTD PSTAT_22-4                         | PSTAT 2022-4A A1RN CLO 144A FRN 07-24-31                                         | CUSIP: 69702YAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2439658 | PA      | $2440438.47   | 0.02%             | 2031-07-24      | Variable      | 4.87%                 | Yes           |                  2 | On Loan: No      |
| PEAC 2024-2A                                                      | PEAC 2024-2A A2 144A 4.74% 04-20-27                                              | CUSIP: 69392BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8379243 | PA      | $8397392.83   | 0.07%             | 2027-04-20      | Fixed         | 4.74%                 | Yes           |                  2 | On Loan: No      |
| PEAC 2024-2A                                                      | PEAC 2024-2A A3 144A 4.65% 10-20-31                                              | CUSIP: 69392BAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1463000 | PA      | $1471741.43   | 0.01%             | 2031-10-20      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| PILOT 2024-2A                                                     | PILOT 2024-2A A2A 144A 4.47% 12-21-26                                            | CUSIP: 73328NAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3961169 | PA      | $3962531.43   | 0.03%             | 2026-12-21      | Fixed         | 4.47%                 | Yes           |                  2 | On Loan: No      |
| PILOT 2024-2A                                                     | PILOT 2024-2A A4 144A 4.26% 09-20-30                                             | CUSIP: 73328NAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2634000 | PA      | $2642694.83   | 0.02%             | 2030-09-20      | Fixed         | 4.26%                 | Yes           |                  2 | On Loan: No      |
| PSTAT 2024-2A                                                     | PSTAT 2024-2A A1N CLO 144A FRN 01-15-33                                          | CUSIP: 69703RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2397844 | PA      | $2399210.94   | 0.02%             | 2033-01-15      | Variable      | 4.90%                 | Yes           |                  2 | On Loan: No      |
| PREF 2025-1A                                                      | PREF 2025-1A A2 144A 4.9% 05-15-31                                               | CUSIP: 73747LAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3262121 | PA      | $3286410.56   | 0.03%             | 2031-05-15      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| PEAC 2025-1A                                                      | PEAC 2025-1A A2 144A 4.94% 10-20-28                                              | CUSIP: 69392HAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6854000 | PA      | $6898489.31   | 0.06%             | 2028-10-20      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| PEAC 2025-1A                                                      | PEAC 2025-1A A1 144A 4.592% 02-20-26                                             | CUSIP: 69392HAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    805709 | PA      | $805976.03    | 0.01%             | 2026-02-20      | Fixed         | 4.59%                 | Yes           |                  2 | On Loan: No      |
| PEAC 2025-1A                                                      | PEAC 2025-1A A3 144A 5.04% 07-20-32                                              | CUSIP: 69392HAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2041466.00   | 0.02%             | 2032-07-20      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| PARL 2023-1A                                                      | PARL 2023-1A A1R CLO 144A FRN 07-20-36                                           | CUSIP: 69915NAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   9500000 | PA      | $9524985.00   | 0.08%             | 2036-07-20      | Variable      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| PNFED 2025-A                                                      | PNFED 2025-A A4 144A 4.19% 05-15-31                                              | CUSIP: 706916AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    513000 | PA      | $515350.57    | 0.00%             | 2031-05-15      | Fixed         | 4.19%                 | Yes           |                  2 | On Loan: No      |
| PNFED 2025-A                                                      | PNFED 2025-A A3 144A 4.03% 07-15-30                                              | CUSIP: 706916AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2476000 | PA      | $2483363.62   | 0.02%             | 2030-07-15      | Fixed         | 4.03%                 | Yes           |                  2 | On Loan: No      |
| PNFED 2025-A                                                      | PNFED 2025-A A2 144A 4.12% 09-15-28                                              | CUSIP: 706916AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5950000 | PA      | $5955003.95   | 0.05%             | 2028-09-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| PKAIR 2025-2                                                      | PKAIR 2025-2 A 144A 4.75% 03-15-43                                               | CUSIP: 69291NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1540000 | PA      | $1529204.60   | 0.01%             | 2043-03-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| PRNT 2025-A                                                       | PRNT 2025-A C 144A 5.48% 09-15-29                                                | CUSIP: 45333GAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    714000 | PA      | $716000.63    | 0.01%             | 2029-09-15      | Fixed         | 5.48%                 | Yes           |                  2 | On Loan: No      |
| PAID 2025-R3                                                      | PAID 2025-R3 A 144A 4.841% 01-18-33                                              | CUSIP: 69549EAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  35891000 | PA      | $35916554.39  | 0.29%             | 2033-01-18      | Fixed         | 4.84%                 | Yes           |                  2 | On Loan: No      |
| ROCKFORD TOWER CLO LTD ROCKT_18-1A                                | ROCKT 2018-1A A CLO 144A FRN 05-20-31                                            | CUSIP: 77342JAA1<br>LEI: 549300KPFGDIQ0PMP224 | Long             | ABS-O            | CORP              | US        |     86069 | PA      | $86092.85     | 0.00%             | 2031-05-20      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| SCF EQUIPMENT TRUST LLC SCFET_25-1                                | SCFET 2025-1A A2 144A 4.82% 07-22-30                                             | CUSIP: 78437DAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4220955 | PA      | $4234985.65   | 0.03%             | 2030-07-22      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| STEELE CREEK CLO LTD STCR_19-2A                                   | STCR 2019-2A ARR CLO 144A FRN 07-15-32                                           | CUSIP: 85817EAU7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  16011825 | PA      | $15979161.32  | 0.13%             | 2032-07-15      | Variable      | 4.90%                 | Yes           |                  2 | On Loan: No      |
| SYNCHRONY CARD ISSUANCE TRUST                                     | SYNIT 2025-A1 A 4.78% 02-15-31                                                   | CUSIP: 87166PAP6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7759000 | PA      | $7905458.88   | 0.06%             | 2031-02-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| SFAST 2025-1A                                                     | SFAST 2025-1A A2 144A 4.65% 05-22-28                                             | CUSIP: 81885BAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    771865 | PA      | $772959.22    | 0.01%             | 2028-05-22      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| STCR 2019-1A                                                      | STCR 2019-1A ARR CLO 144A FRN 04-15-32                                           | CUSIP: 85817BAQ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  15521410 | PA      | $15505577.96  | 0.12%             | 2032-04-15      | Variable      | 4.94%                 | Yes           |                  2 | On Loan: No      |
| SDART 2025-2                                                      | SDART 2025-2 A2 4.71% 06-15-28                                                   | CUSIP: 80287NAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2371377 | PA      | $2376174.70   | 0.02%             | 2028-06-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| SMB 2025-A                                                        | SMB 2025-A A1A 144A 5.13% 04-15-54                                               | CUSIP: 83207EAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5993665 | PA      | $6108281.87   | 0.05%             | 2054-04-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| SFUEL 2025-AA                                                     | SFUEL 2025-AA A2 144A 4.63% 07-20-27                                             | CUSIP: 858928AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4272578 | PA      | $4287232.69   | 0.03%             | 2027-07-20      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| SYNCHRONY CARD ISSUANCE TRUST SYNIT_25-A2                         | SYNIT 2025-A2 A 4.49% 05-15-31                                                   | CUSIP: 87166PAQ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  17351000 | PA      | $17600628.84  | 0.14%             | 2031-05-15      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| STRAS 2025-1A                                                     | STRAS 2025-1A A2 CLO 144A FRN 07-15-33                                           | CUSIP: 863163AC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5250000 | PA      | $5250682.50   | 0.04%             | 2033-07-15      | Variable      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| SFAST 2025-2A                                                     | SFAST 2025-2A A2 144A 4.52% 11-20-28                                             | CUSIP: 78398HAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3167819 | PA      | $3172953.59   | 0.03%             | 2028-11-20      | Fixed         | 4.52%                 | Yes           |                  2 | On Loan: No      |
| SSTRT 2025-B                                                      | SSTRT 2025-B B 144A 4.925% 12-29-32                                              | CUSIP: 81378WAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1638897 | PA      | $1652702.81   | 0.01%             | 2032-12-29      | Fixed         | 4.92%                 | Yes           |                  2 | On Loan: No      |
| SSTRT 2025-B                                                      | SSTRT 2025-B C 144A 5.121% 12-29-32                                              | CUSIP: 81378WAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1499416 | PA      | $1511254.06   | 0.01%             | 2032-12-29      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| SCCU 2025-1A                                                      | SCCU 2025-1A A2 144A 4.67% 11-15-28                                              | CUSIP: 80620BAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20299000 | PA      | $20351960.09  | 0.16%             | 2028-11-15      | Fixed         | 4.67%                 | Yes           |                  2 | On Loan: No      |
| SYNCHRONY CARD ISSUANCE TRUST SYNIT_25-A3                         | SYNIT 2025-A3 A 4.06% 11-15-31                                                   | CUSIP: 87166PAR2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15299000 | PA      | $15346120.92  | 0.12%             | 2031-11-17      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| SCFET 2025-2A                                                     | SCFET 2025-2A C 144A 4.82% 06-20-36                                              | CUSIP: 78439XAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1575000 | PA      | $1580087.25   | 0.01%             | 2036-06-20      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| SDART 2025-4                                                      | SDART 2025-4 A2 4.28% 01-15-29                                                   | CUSIP: 802923AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14419000 | PA      | $14427132.32  | 0.12%             | 2029-01-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| SDART 2025-4                                                      | SDART 2025-4 A3 4.17% 04-15-30                                                   | CUSIP: 802923AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  19220000 | PA      | $19262726.06  | 0.15%             | 2030-04-15      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC SORT_20-1                                 | SORT 2020-1 A1 144A 1.69% 07-15-60                                               | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  42247100 | PA      | $36309650.07  | 0.29%             | 2060-07-15      | Fixed         | 1.69%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC SORT_20-1                                 | SORT 2020-1 A2 144A 1.99% 07-15-60                                               | CUSIP: 12530MAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2553773 | PA      | $2157517.00   | 0.02%             | 2060-07-15      | Fixed         | 1.99%                 | Yes           |                  2 | On Loan: No      |
| SEACO_20-1                                                        | SEACO 2020-1A A 144A 2.17% 10-17-40                                              | CUSIP: 37959PAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12894261 | PA      | $12330304.70  | 0.10%             | 2040-10-17      | Fixed         | 2.17%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL SC FINANCE VII SRL                                         | SEACO 2020-2A A 144A 2.26% 11-19-40                                              | CUSIP: 37959PAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10076611 | PA      | $9660617.98   | 0.08%             | 2040-11-19      | Fixed         | 2.26%                 | Yes           |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST SMB_21-A                         | SMB 2021-A APT2 144A 1.07% 01-15-53                                              | CUSIP: 78448YAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1184971 | PA      | $1086482.94   | 0.01%             | 2053-01-15      | Fixed         | 1.07%                 | Yes           |                  2 | On Loan: No      |
| CLIF FUNDING VII LLC CLIF_21-1                                    | CLIF 2021-1A A 144A 1.64% 02-18-46                                               | CUSIP: 12565KAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1322295 | PA      | $1231646.45   | 0.01%             | 2046-02-18      | Fixed         | 1.64%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC SORT_21-1                                 | SORT 2021-1A A1 144A 1.53% 03-15-61                                              | CUSIP: 12530MAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  27642076 | PA      | $22710204.06  | 0.18%             | 2061-03-15      | Fixed         | 1.53%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL SC FINANCE SRL SEACO_21-1A                                 | SEACO 2021-1A A 144A 1.86% 04-17-41                                              | CUSIP: 37959PAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11991863 | PA      | $11204657.15  | 0.09%             | 2041-04-17      | Fixed         | 1.86%                 | Yes           |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS IV LTD TMCL_20-3A                     | TMCL 2020-3A A 144A 2.11% 09-20-45                                               | CUSIP: 88315LAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    427046 | PA      | $408293.66    | 0.00%             | 2045-09-20      | Fixed         | 2.11%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_17-3                               | TPMT 2017-3 M1 144A FRN 07-25-57                                                 | CUSIP: 89169DAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2300000 | PA      | $2247074.70   | 0.02%             | 2057-07-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_17-2                               | TPMT 2017-2 M1 144A FRN 04-25-57                                                 | CUSIP: 89173HAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6470127 | PA      | $6401685.69   | 0.05%             | 2057-04-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_15-3                               | TPMT 2015-3 B1 144A FRN 03-25-54                                                 | CUSIP: 89172HAE7<br>LEI: 549300ZHISOOIT5VZP03 | Long             | ABS-CBDO         | CORP              | US        |   3377247 | PA      | $3356291.24   | 0.03%             | 2054-03-25      | Variable      | 4.21%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_18-6                               | TPMT 2018-6 A1A 144A FRN 03-25-58                                                | CUSIP: 89176LAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    431582 | PA      | $429549.85    | 0.00%             | 2058-03-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_17-2                               | TPMT 2017-2 A4 144A FRN 04-25-57                                                 | CUSIP: 89173HAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    383073 | PA      | $379020.38    | 0.00%             | 2057-04-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| TOYOTA AUTO RECEIVABLES OWNER TRUST TAOT_23-A                     | TAOT 2023-A A3 4.63% 09-15-27                                                    | CUSIP: 891940AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4871991 | PA      | $4881973.79   | 0.04%             | 2027-09-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_19-2                               | TPMT 2019-2 A1 144A FRN 12-25-58                                                 | CUSIP: 89177JAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1781184 | PA      | $1737683.95   | 0.01%             | 2058-12-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| SIXST 2018-12A                                                    | SIXST 2018-12A AR CLO 144A FRN 07-15-34                                          | CUSIP: 87250FAL4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2000100.00   | 0.02%             | 2034-07-15      | Variable      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_16-1                               | TPMT 2016-1 B1 144A FRN 02-25-55                                                 | CUSIP: 89172EAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1830000 | PA      | $1817695.08   | 0.01%             | 2055-02-25      | Variable      | 4.42%                 | Yes           |                  2 | On Loan: No      |
| TOYOTA AUTO RECEIVABLES OWNER TRUST TAOT_23-C                     | TAOT 2023-C A3 5.16% 04-17-28                                                    | CUSIP: 89231FAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4081976 | PA      | $4106288.23   | 0.03%             | 2028-04-17      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| TOYOTA AUTO RECEIVABLES OWNER TRUST TAOT_24-A                     | TAOT 2024-A A3 4.83% 10-16-28                                                    | CUSIP: 89238DAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7102703 | PA      | $7143124.78   | 0.06%             | 2028-10-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| TOYOTA AUTO RECEIVABLES OWNER TRUST TAOT_24-A                     | TAOT 2024-A A4 4.77% 04-16-29                                                    | CUSIP: 89238DAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3293000 | PA      | $3344920.73   | 0.03%             | 2029-04-16      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| T-MOBILE US TRUST TMUST_24-1                                      | TMUST 2024-1A A 144A 5.05% 09-20-29                                              | CUSIP: 87267RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14656000 | PA      | $14749754.43  | 0.12%             | 2029-09-20      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| TRNTS 2018-9A                                                     | TRNTS 2018-9A ARRR CLO 144A FRN 01-20-32                                         | CUSIP: 89641JAW6<br>LEI: 549300QFERVNPGSISO16 | Long             | ABS-O            | CORP              | US        |    872709 | PA      | $873162.57    | 0.01%             | 2032-01-20      | Variable      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| TPRK 2021-1A                                                      | TPRK 2021-1A A1R CLO 144A FRN 04-15-34                                           | CUSIP: 884887AN0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  23898000 | PA      | $23909471.04  | 0.19%             | 2034-04-15      | Variable      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| TAST 2025-1A                                                      | TAST 2025-1A A 144A 4.94% 02-15-29                                               | CUSIP: 89617CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12946091 | PA      | $9080906.11   | 0.07%             | 2029-02-15      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| TRAL 2018-5A                                                      | TRAL 2018-5A C1RR CLO 144A FRN 10-20-34                                          | CUSIP: 89300JBJ6<br>LEI: 54930005YIOSJ9Z81114 | Long             | ABS-O            | CORP              | US        |   3150000 | PA      | $3152898.00   | 0.03%             | 2034-10-20      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2025-2                      | WLAKE 2025-2A B 144A 4.63% 01-15-31                                              | CUSIP: 96041KAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1959000 | PA      | $1968722.52   | 0.02%             | 2031-01-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2025-2                      | WLAKE 2025-2A A2A 144A 4.66% 09-15-28                                            | CUSIP: 96041KAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3400000 | PA      | $3409754.60   | 0.03%             | 2028-09-15      | Fixed         | 4.66%                 | Yes           |                  2 | On Loan: No      |
| WEFUN 2025-1                                                      | WEFUN 2025-1 A 144A 4.75% 07-16-35                                               | CUSIP: 958250AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8343000 | PA      | $8407883.51   | 0.07%             | 2035-07-16      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| WOSAT 2025-A                                                      | WOSAT 2025-A A2A 4.14% 05-15-30                                                  | CUSIP: 98164UAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6361000 | PA      | $6366311.44   | 0.05%             | 2030-05-15      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| WEF 2025-1A                                                       | WEF 2025-1A A2 144A 4.33% 09-20-33                                               | CUSIP: 97415CAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1228000 | PA      | $1229589.03   | 0.01%             | 2033-09-20      | Fixed         | 4.33%                 | Yes           |                  2 | On Loan: No      |
| WEF 2025-1A                                                       | WEF 2025-1A B 144A 4.57% 09-20-33                                                | CUSIP: 97415CAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1490000 | PA      | $1494252.46   | 0.01%             | 2033-09-20      | Fixed         | 4.57%                 | Yes           |                  2 | On Loan: No      |
| WEF 2025-1A                                                       | WEF 2025-1A A1 144A 4.128% 10-20-26                                              | CUSIP: 97415CAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2012248 | PA      | $2013165.52   | 0.02%             | 2026-10-20      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2025-3                      | WLAKE 2025-3A A3 144A 4.22% 06-15-29                                             | CUSIP: 96043QAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6416000 | PA      | $6429832.90   | 0.05%             | 2029-06-15      | Fixed         | 4.22%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2025-3                      | WLAKE 2025-3A A1 144A 4.28% 10-15-26                                             | CUSIP: 96043QAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14590485 | PA      | $14591739.88  | 0.12%             | 2026-10-15      | Fixed         | 4.28%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE FLOORING MASTER TRUST WFLOOR_25-1                        | WFLOOR 2025-1A A 144A 4.23% 10-15-29                                             | CUSIP: 96043GAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  40050000 | PA      | $40150125.00  | 0.32%             | 2029-10-15      | Fixed         | 4.23%                 | Yes           |                  2 | On Loan: No      |
| ONDECK ASSET SECURITIZATION TRUST LLC ONDK_24-1                   | ONDK 2024-1A A 144A 6.27% 06-17-31                                               | CUSIP: 67118NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9128000 | PA      | $9221434.21   | 0.07%             | 2031-06-17      | Fixed         | 6.27%                 | Yes           |                  2 | On Loan: No      |
| XROAD 2024-A                                                      | XROAD 2024-A A2 144A 5.9% 08-20-30                                               | CUSIP: 227927AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3798460 | PA      | $3839202.27   | 0.03%             | 2030-08-20      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| AUXILIOR TERM FUNDING LLC XCAP_24-1                               | XCAP 2024-1A A2 144A 5.84% 03-15-27                                              | CUSIP: 05335FAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2103719 | PA      | $2109584.46   | 0.02%             | 2027-03-15      | Fixed         | 5.84%                 | Yes           |                  2 | On Loan: No      |
| AUXILIOR TERM FUNDING LLC XCAP_24-1                               | XCAP 2024-1A A3 144A 5.49% 07-15-31                                              | CUSIP: 05335FAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2997000 | PA      | $3044999.95   | 0.02%             | 2031-07-15      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| TLOT 2024-B                                                       | TLOT 2024-B A2A 144A 4.31% 02-22-27                                              | CUSIP: 891943AB8<br>LEI: 254900R64DFTI1MWY364 | Long             | ABS-O            | CORP              | US        |   6729651 | PA      | $6733056.34   | 0.05%             | 2027-02-22      | Fixed         | 4.31%                 | Yes           |                  2 | On Loan: No      |
| ABBVIE INC                                                        | ABBVIE INC SR UNSEC 4.8% 03-15-27                                                | CUSIP: 00287YDR7<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |  13000000 | PA      | $13145847.00  | 0.11%             | 2027-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                        | ABBVIE INC SR UNSEC 4.8% 03-15-29                                                | CUSIP: 00287YDS5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1283217.50   | 0.01%             | 2029-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                               | AMERICAN EXPRESS CO SR UNSEC 5.645% 04-23-27/26                                  | CUSIP: 025816DT3<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  18000000 | PA      | $18112356.00  | 0.15%             | 2027-04-23      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| ACCENTURE CAPITAL INC                                             | ACCENTURE CAPITAL INC SR UNSEC 3.9% 10-04-27                                     | CUSIP: 00440KAA1<br>LEI: 254900FRO0P7RIINYT25 | Long             | DBT              | CORP              | US        |  11500000 | PA      | $11534442.50  | 0.09%             | 2027-10-04      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE CORPORATION                                | AMERICAN HONDA FINANCE CORP SR UNSEC 4.8% 03-05-30                               | CUSIP: 02665WFY2<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  16702000 | PA      | $17077995.42  | 0.14%             | 2030-03-05      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                                                     | AMPHENOL CORP SR UNSEC 3.8% 11-15-27                                             | CUSIP: 032095AW1<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    800000 | PA      | $799226.40    | 0.01%             | 2027-11-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                      | ALPHABET INC SR UNSEC 3.875% 11-15-28                                            | CUSIP: 02079KAV9<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10061350.00  | 0.08%             | 2028-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                    | AMAZON.COM INC SR UNSEC 4.1% 11-20-30                                            | CUSIP: 023135CT1<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7035385.00   | 0.06%             | 2030-11-20      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                    | AMAZON.COM INC SR UNSEC 3.9% 11-20-28                                            | CUSIP: 023135CS3<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7028742.00   | 0.06%             | 2028-11-20      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CHUBB INA HOLDINGS LLC                                            | CHUBB INA HOLDINGS LLC SR UNSEC 3.35% 05-03-26                                   | CUSIP: 00440EAV9<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1271631.45   | 0.01%             | 2026-05-03      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                               | AMERICAN EXPRESS CO SR UNSEC 4.9% 02-13-26                                       | CUSIP: 025816DC0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1251328.75   | 0.01%             | 2026-02-13      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                         | APPLE INC SR UNSEC 4.0% 05-10-28                                                 | CUSIP: 037833ET3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7560585.00   | 0.06%             | 2028-05-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                               | AMERICAN EXPRESS CO SR UNSEC 6.489% 10-30-31/30                                  | CUSIP: 025816DN6<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   4522000 | PA      | $4963659.22   | 0.04%             | 2031-10-30      | Variable      | 6.49%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                  | BANK OF MONTREAL SR UNSEC 4.567% 09-10-27/26                                     | CUSIP: 06368L8K5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $10036950.00  | 0.08%             | 2027-09-10      | Variable      | 4.57%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                                    | MASTERCARD INC SR UNSEC 4.55% 03-15-28                                           | CUSIP: 57636QBF0<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |   6505000 | PA      | $6625023.76   | 0.05%             | 2028-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                          | MARS INC 144A LIFE SR UNSEC 4.45% 03-01-27                                       | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   8164000 | PA      | $8221009.21   | 0.07%             | 2027-03-01      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                                          | MARS INC 144A LIFE SR UNSEC 4.6% 03-01-28                                        | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |  24414000 | PA      | $24733408.36  | 0.20%             | 2028-03-01      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| TRICON AMERICAN HOMES TAH_20-SFR2                                 | TAH 2020-SFR2 A 144A 1.482% 11-17-39                                             | CUSIP: 89613JAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    785103 | PA      | $747248.38    | 0.01%             | 2039-11-17      | Fixed         | 1.48%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_16-2                               | TPMT 2016-2 M1 144A FRN 08-25-55                                                 | CUSIP: 89172PAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1731325 | PA      | $1713414.45   | 0.01%             | 2055-08-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| TRP 2021-2                                                        | TRP 2021-2 A 144A 2.15% 06-19-51                                                 | CUSIP: 89683LAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2667010 | PA      | $2572939.25   | 0.02%             | 2051-06-19      | Fixed         | 2.15%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_16-4                               | TPMT 2016-4 M2 144A FRN 07-25-56                                                 | CUSIP: 89172UAD0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2538000 | PA      | $2503368.96   | 0.02%             | 2056-07-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_17-6                               | TPMT 2017-6 A2 144A FRN 10-25-57                                                 | CUSIP: 89175JAB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $2896869.00   | 0.02%             | 2057-10-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_15-2                               | TPMT 2015-2 2B1 144A FRN 11-25-57                                                | CUSIP: 89171YBA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    661500 | PA      | $659790.74    | 0.01%             | 2057-11-25      | Variable      | 4.02%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_23-1                               | TPMT 2023-1 A1 144A 3.75% 01-25-63                                               | CUSIP: 89181JAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7880206 | PA      | $7689087.67   | 0.06%             | 2063-01-25      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_16-5                               | TPMT 2016-5 M1 144A FRN 10-25-56                                                 | CUSIP: 89173CAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $3908372.00   | 0.03%             | 2056-10-25      | Variable      | 3.38%                 | Yes           |                  2 | On Loan: No      |
| TRICON RESIDENTIAL TRUST TCN_23-SFR2                              | TCN 2023-SFR2 A 144A 5.0% 12-17-40                                               | CUSIP: 895978AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2750870 | PA      | $2768778.57   | 0.02%             | 2040-12-17      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| TCN 2024-SFR2                                                     | TCN 2024-SFR2 A 144A 4.75% 06-17-40                                              | CUSIP: 89616VAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3424158 | PA      | $3442459.65   | 0.03%             | 2040-06-17      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2024-3                                  | TPMT 2024-3 A1A 144A FRN 07-25-65                                                | CUSIP: 89183FAP3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3087119 | PA      | $3131774.55   | 0.03%             | 2065-07-25      | Variable      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| TRICON RESIDENTIAL TRUST TCN_24-SFR3                              | TCN 2024-SFR3 A 144A 4.5% 08-17-41                                               | CUSIP: 89616YAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5961965 | PA      | $5972428.48   | 0.05%             | 2041-08-17      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_15-2                               | TPMT 2015-2 1B2 144A FRN 11-25-60                                                | CUSIP: 89171YAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7155904 | PA      | $7010975.48   | 0.06%             | 2060-11-25      | Variable      | 3.71%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_19-HY1                             | TPMT 2019-HY1 A1 144A FRN 10-25-48                                               | CUSIP: 89177EAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1607055 | PA      | $1611068.93   | 0.01%             | 2048-10-25      | Variable      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_16-3                               | TPMT 2016-3 M2 144A FRN 04-25-56                                                 | CUSIP: 89172YAD2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2238314 | PA      | $2229678.27   | 0.02%             | 2056-04-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| TRICON RESIDENTIAL TRUST TCN_22-SFR1                              | TCN 2022-SFR1 A 144A 3.856% 04-17-39                                             | CUSIP: 89616QAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5971903 | PA      | $5935641.33   | 0.05%             | 2039-04-17      | Fixed         | 3.86%                 | Yes           |                  2 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | SOFR 90DAY FUT SFRZ5 03-17-26                                                    | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |         6 | NC      | $1327.39      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | UST 10YR FUT TYH6 03-20-26                                                       | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |      4192 | NC      | $537068.38    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | UST 30YR FUT ULTRA WNH6 03-20-26                                                 | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |       314 | NC      | $-193709.34   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | UST 10YR FUT ULTRA UXYH6 03-20-26                                                | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |      5183 | NC      | $-4227112.13  | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | UST 20YR FUT USH6 03-20-26                                                       | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |       229 | NC      | $72082.33     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | UST 5YR FUT FVH6 03-31-26                                                        | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |      3447 | NC      | $143399.64    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | UST 2YR FUT TUH6 03-31-26                                                        | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |     27365 | NC      | $454628.17    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                                                 | JOHNSON & JOHNSON SR UNSEC 4.5% 03-01-27                                         | CUSIP: 478160DG6<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |  16500000 | PA      | $16670742.00  | 0.13%             | 2027-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                               | JPMORGAN CHASE & CO SR UNSEC 4.255% 10-22-31/30                                  | CUSIP: 46647PFD3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10013890.00  | 0.08%             | 2031-10-22      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                               | JPMORGAN CHASE & CO SR UNSEC 4.851% 07-25-28/27                                  | CUSIP: 46647PDG8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5067555.00   | 0.04%             | 2028-07-25      | Variable      | 4.85%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                               | JPMORGAN CHASE & CO SR UNSEC 5.299% 07-24-29/28                                  | CUSIP: 46647PDU7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  31000000 | PA      | $31970920.00  | 0.26%             | 2029-07-24      | Variable      | 5.30%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                               | JPMORGAN CHASE & CO SR UNSEC 5.012% 01-23-30/29                                  | CUSIP: 46647PEB8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10269820.00  | 0.08%             | 2030-01-23      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                          | LLOYDS BANKING GROUP PLC SR UNSEC 5.985% 08-07-27/26                             | CUSIP: 539439AY5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |  15000000 | PA      | $15182280.00  | 0.12%             | 2027-08-07      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                          | LLOYDS BANKING GROUP PLC SR UNSEC 5.462% 01-05-28/27                             | CUSIP: 53944YAZ6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1325000 | PA      | $1343669.25   | 0.01%             | 2028-01-05      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                    | MORGAN STANLEY SR UNSEC 5.652% 04-13-28/27                                       | CUSIP: 61747YFP5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10206230.00  | 0.08%             | 2028-04-13      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                                    | MICROSOFT CORP SR UNSEC 3.4% 06-15-27                                            | CUSIP: 594918CQ5<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7482405.00   | 0.06%             | 2027-06-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                                            | MORGAN STANLEY BANK NA SR UNSEC 4.968% 07-14-28/27                               | CUSIP: 61690U8E3<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10143220.00  | 0.08%             | 2028-07-14      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                                    | MASTERCARD INC SR UNSEC 4.1% 01-15-28                                            | CUSIP: 57636QBA1<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |  15865000 | PA      | $15984828.35  | 0.13%             | 2028-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                    | MORGAN STANLEY SR UNSEC 5.23% 01-15-31/30                                        | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5173005.00   | 0.04%             | 2031-01-15      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| ONTARIO TEACHERS FINANCE TRUST                                    | ONTARIO TEACHERS FINANCE 144A LIFE SR UNSEC 3.0% 04-13-27                        | CUSIP: 68329AAL2<br>LEI: 635400ZZE5J8OXXBBY26 | Long             | DBT              | USGA              | CA        |   8000000 | PA      | $7926164.80   | 0.06%             | 2027-04-13      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| ONTARIO TEACHERS FINANCE TRUST                                    | ONTARIO TEACHERS FINANCE 144A LIFE UNSEC 0.875% 09-21-26                         | CUSIP: 68329AAK4<br>LEI: 635400ZZE5J8OXXBBY26 | Long             | DBT              | USGA              | CA        |   6173000 | PA      | $6032971.05   | 0.05%             | 2026-09-21      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| SWEDISH EXPORT CREDIT CORP                                        | SWEDISH EXPORT CREDIT CORP SR UNSEC 4.375% 02-13-26                              | CUSIP: 87031CAJ2<br>LEI: 1FOLRR5RWTWWI397R131 | Long             | DBT              | USGA              | SE        |   2660000 | PA      | $2661659.84   | 0.02%             | 2026-02-13      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ABU DHABI (EMIRATE OF)                                            | ABU DHABI GOVERNMENT INTERNATIONAL BOND 144A LIFE 3.125% 10-11-27                | CUSIP: 29135LAA8<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |  15000000 | PA      | $14852580.00  | 0.12%             | 2027-10-11      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| KINGDOM OF SAUDI ARABIA MINISTRY OF FINANCE                       | KSA IJARAH SUKUK LTD 144A LIFE 4.25% 09-09-30                                    | CUSIP: 50116FAA0<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |  25345000 | PA      | $25359091.82  | 0.20%             | 2030-09-09      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| KUWAIT STATE OF (GOVERNMENT)                                      | KUWAIT INTERNATIONAL GOVERNMENT BOND 144A LIFE 4.016% 10-09-28                   | CUSIP: 501499AD9<br>LEI: 2549005G75NMAK8TM233 | Long             | DBT              | NUSS              | KW        |  10100000 | PA      | $10107898.20  | 0.08%             | 2028-10-09      | Fixed         | 4.02%                 | Yes           |                  2 | On Loan: No      |
| KINGDOM OF SAUDI ARABIA MINISTRY OF FINANCE                       | SAUDI GOVERNMENT INTERNATIONAL BOND REG S 3.25% 10-26-26                         | CUSIP: N/A<br>LEI: 635400FMICXSM3SI3H65       | Long             | DBT              | NUSS              | SA        |   2000000 | PA      | $1986468.00   | 0.02%             | 2026-10-26      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| SASKATCHEWAN (PROVINCE OF)                                        | PROVINCE OF SASKATCHEWAN CANADA 3.25% 06-08-27                                   | CUSIP: 803854KQ0<br>LEI: 549300FKDIB7OJMBSP83 | Long             | DBT              | NUSS              | CA        |   3364000 | PA      | $3341107.31   | 0.03%             | 2027-06-08      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SWEDEN (KINGDOM OF)                                               | SWEDEN GOVERNMENT INTERNATIONAL BOND 144A LIFE 4.375% 01-30-26                   | CUSIP: 87020D2C7<br>LEI: ERE94C0BSULG2RM19605 | Long             | DBT              | NUSS              | SE        |   8840000 | PA      | $8844755.92   | 0.07%             | 2026-01-30      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 1.875% 02-15-51                                      | CUSIP: 912810SU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    354000 | PA      | $204545.63    | 0.00%             | 2051-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 1.875% 02-15-41                                      | CUSIP: 912810SW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    340700 | PA      | $242801.97    | 0.00%             | 2041-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 1.125% 10-31-26                                      | CUSIP: 91282CDG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3750000 | PA      | $3665332.13   | 0.03%             | 2026-10-31      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 1.25% 12-31-26                                       | CUSIP: 91282CDQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19502734.00  | 0.16%             | 2026-12-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.125% 09-30-27                                      | CUSIP: 91282CFM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 305000000 | PA      | $308294244.00 | 2.48%             | 2027-09-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.625% 03-31-28                                      | CUSIP: 91282CGT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1670700 | PA      | $1676018.67   | 0.01%             | 2028-03-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.0% 01-31-29                                        | CUSIP: 91282CJW2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 182630000 | PA      | $185269569.65 | 1.49%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.125% 02-15-27                                      | CUSIP: 91282CKA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $3018984.30   | 0.02%             | 2027-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.625% 02-28-26                                      | CUSIP: 91282CKB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 151360700 | PA      | $151650419.52 | 1.22%             | 2026-02-28      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY INFLATION INDEXED BONDS I/L 2.125% 02-15-54               | CUSIP: 912810TY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8222116 | PA      | $7591964.52   | 0.06%             | 2054-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.5% 05-31-29                                        | CUSIP: 91282CKT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19395600 | PA      | $20013834.75  | 0.16%             | 2029-05-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.625% 06-30-26                                      | CUSIP: 91282CKY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3001000 | PA      | $3016180.86   | 0.02%             | 2026-06-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.375% 09-15-27                                      | CUSIP: 91282CLL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 144937700 | PA      | $144581022.81 | 1.16%             | 2027-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.875% 10-15-27                                      | CUSIP: 91282CLQ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14420900 | PA      | $14514410.88  | 0.12%             | 2027-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.25% 11-15-34                                       | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17820700 | PA      | $18225842.92  | 0.15%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.125% 11-15-27                                      | CUSIP: 91282CLX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  70414100 | PA      | $71231016.22  | 0.57%             | 2027-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.0% 12-15-27                                        | CUSIP: 91282CMB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 118000000 | PA      | $119173097.00 | 0.96%             | 2027-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.25% 01-15-28                                       | CUSIP: 91282CMF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $20305468.00  | 0.16%             | 2028-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.125% 01-31-27                                      | CUSIP: 91282CMH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11515100 | PA      | $11583470.91  | 0.09%             | 2027-01-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.25% 01-31-30                                       | CUSIP: 91282CMG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10263672.00  | 0.08%             | 2030-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.25% 02-15-28                                       | CUSIP: 91282CMN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19000000 | PA      | $19302812.50  | 0.16%             | 2028-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY INFLATION INDEXED BONDS I/L 2.375% 02-15-55               | CUSIP: 912810UH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  36638542 | PA      | $35756927.98  | 0.29%             | 2055-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.75% 04-15-28                                       | CUSIP: 91282CMW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  41220400 | PA      | $41462734.73  | 0.33%             | 2028-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.75% 04-30-27                                       | CUSIP: 91282CMY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3678600 | PA      | $3688083.80   | 0.03%             | 2027-04-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.875% 05-31-27                                      | CUSIP: 91282CNE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  63000000 | PA      | $63296541.00  | 0.51%             | 2027-05-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.875% 07-15-28                                      | CUSIP: 91282CNM9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8476000 | PA      | $8557117.86   | 0.07%             | 2028-07-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.875% 07-31-27                                      | CUSIP: 91282CNP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12220700 | PA      | $12286816.43  | 0.10%             | 2027-07-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BAAT 2025-1A                                                      | BAAT 2025-1A A2A 144A 4.52% 11-22-27                                             | CUSIP: 05594BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    888154 | PA      | $889812.64    | 0.01%             | 2027-11-22      | Fixed         | 4.52%                 | Yes           |                  2 | On Loan: No      |
| BLAST 2025-2                                                      | BLAST 2025-2 A3 4.78% 12-15-28                                                   | CUSIP: 10807HAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12900000 | PA      | $12938996.70  | 0.10%             | 2028-12-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| BLAST 2025-2                                                      | BLAST 2025-2 A2 4.84% 01-18-28                                                   | CUSIP: 10807HAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18423740 | PA      | $18454489.17  | 0.15%             | 2028-01-18      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| BRIDGECREST LENDING AUTO SECURITIZATION TRUST BLAST_25-3          | BLAST 2025-3 A2 4.73% 02-15-28                                                   | CUSIP: 107920AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7816015 | PA      | $7826308.65   | 0.06%             | 2028-02-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| BABSN 2021-2A                                                     | BABSN 2021-2A A1R CLO 144A FRN 07-15-34                                          | CUSIP: 06762JAL7<br>LEI: 549300ZI2PPUCDLS2Y70 | Long             | ABS-O            | CORP              | US        |   5604000 | PA      | $5610052.32   | 0.05%             | 2034-07-15      | Variable      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| BLUEM 2021-31A                                                    | BLUEM 2021-31A A1R CLO 144A FRN 04-19-34                                         | CUSIP: 09631BAL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4652000 | PA      | $4652325.64   | 0.04%             | 2034-04-19      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BLAST 2025-4                                                      | BLAST 2025-4 A2 4.35% 06-15-28                                                   | CUSIP: 10807UAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  17052000 | PA      | $17065488.13  | 0.14%             | 2028-06-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| BATLN 2019-14A                                                    | BATLN 2019-14A AR2 CLO 144A FRN 01-20-35                                         | CUSIP: 07090ABA0<br>LEI: 549300SBOOCXWC0VGZ76 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3003240.00   | 0.02%             | 2035-01-20      | Variable      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| BCHPK 2019-1A                                                     | BCHPK 2019-1A A1RR CLO 144A FRN 01-17-35                                         | CUSIP: 07355TBL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4000000 | PA      | $4002680.00   | 0.03%             | 2035-01-17      | Variable      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| CAL FUNDING LIMITED CAI_20-1                                      | CAI 2020-1A A 144A 2.22% 09-25-45                                                | CUSIP: 12807CAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1759669 | PA      | $1687239.44   | 0.01%             | 2045-09-25      | Fixed         | 2.22%                 | Yes           |                  2 | On Loan: No      |
| CASTLELAKE AIRCRAFT SECURITIZATION TRUST CLAF_21-1                | CLAF 2021-1 A 144A 2.868% 05-11-37                                               | CUSIP: 12567UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1213695 | PA      | $1150729.52   | 0.01%             | 2037-05-11      | Fixed         | 2.87%                 | Yes           |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST CRVNA_21-N4                        | CRVNA 2021-N4 C 1.72% 09-11-28                                                   | CUSIP: 14687HAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    963794 | PA      | $939273.03    | 0.01%             | 2028-09-11      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| CERBERUS LOAN FUNDING XXXVII LP CERB_22-2                         | CERB 2022-2A A1 CLO 144A FRN 10-15-34                                            | CUSIP: 15674XAA8<br>LEI: 6354009FMFQEKUGULT95 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3013350.00   | 0.02%             | 2034-10-15      | Variable      | 6.65%                 | Yes           |                  2 | On Loan: No      |
| CIFC FUNDING LTD CIFC_17-4A                                       | CIFC 2017-4A A1R CLO 144A FRN 10-24-30                                           | CUSIP: 12551JAL0<br>LEI: 254900JEH56UBUEZJW15 | Long             | ABS-O            | CORP              | KY        |    240916 | PA      | $241085.10    | 0.00%             | 2030-10-24      | Variable      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| CLI FUNDING LLC CLIF_22-1                                         | CLIF 2022-1A A 144A 2.72% 01-18-47                                               | CUSIP: 12565KAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3182266 | PA      | $2968885.14   | 0.02%             | 2047-01-18      | Fixed         | 2.72%                 | Yes           |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST CPS_23-A                               | CPS 2023-A C 144A 5.54% 04-16-29                                                 | CUSIP: 12664LAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1531620 | PA      | $1533520.31   | 0.01%             | 2029-04-16      | Fixed         | 5.54%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.62% 08-31-27                                       | CUSIP: 91282CNV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33776100 | PA      | $33834812.99  | 0.27%             | 2027-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.375% 09-15-28                                      | CUSIP: 91282CNY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13181700 | PA      | $13141536.68  | 0.11%             | 2028-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.5% 09-30-27                                        | CUSIP: 91282CPB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 626890000 | PA      | $626730832.63 | 5.03%             | 2027-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.625% 09-30-30                                      | CUSIP: 91282CPA3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  48074000 | PA      | $48134092.50  | 0.39%             | 2030-09-30      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.5% 10-15-28                                        | CUSIP: 91282CPC9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 124052500 | PA      | $124062188.50 | 1.00%             | 2028-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.625% 10-31-30                                      | CUSIP: 91282CPD7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  80087000 | PA      | $80174599.16  | 0.64%             | 2030-10-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.5% 10-31-27                                        | CUSIP: 91282CPE5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 982837900 | PA      | $982703546.06 | 7.89%             | 2027-10-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.5% 11-15-28                                        | CUSIP: 91282CPK1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 735987000 | PA      | $736130738.26 | 5.91%             | 2028-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CERBERUS LOAN FUNDING LP CERB_23-1                                | CERB 2023-1A A CLO 144A FRN 03-22-35                                             | CUSIP: 15675AAA7<br>LEI: 635400FRD1HEGKSHCI69 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2006900.00   | 0.02%             | 2035-03-22      | Variable      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST CARMX_23-3                                | CARMX 2023-3 A3 5.28% 05-15-28                                                   | CUSIP: 14319BAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2471813 | PA      | $2489236.54   | 0.02%             | 2028-05-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST CPS_23-C                               | CPS 2023-C C 144A 6.27% 10-15-29                                                 | CUSIP: 223928AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1094930 | PA      | $1102515.92   | 0.01%             | 2029-10-15      | Fixed         | 6.27%                 | Yes           |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST CRVNA_23-P3                        | CRVNA 2023-P3 A3 144A 5.82% 08-10-28                                             | CUSIP: 14688GAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    775967 | PA      | $781366.04    | 0.01%             | 2028-08-10      | Fixed         | 5.82%                 | Yes           |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE AUTO LOAN TRUST CAALT_23-3                      | CAALT 2023-3A A 144A 6.39% 08-15-33                                              | CUSIP: 224936AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5067981 | PA      | $5096716.88   | 0.04%             | 2033-08-15      | Fixed         | 6.39%                 | Yes           |                  2 | On Loan: No      |
| CITIZENS AUTO RECEIVABLES TRUST CITZN_23-2                        | CITZN 2023-2 A3 144A 5.83% 02-15-28                                              | CUSIP: 17295FAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3216917 | PA      | $3240281.04   | 0.03%             | 2028-02-15      | Fixed         | 5.83%                 | Yes           |                  2 | On Loan: No      |
| CITIZENS AUTO RECEIVABLES TRUST CITZN_23-2                        | CITZN 2023-2 A4 144A 5.74% 10-15-30                                              | CUSIP: 17295FAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6081000 | PA      | $6199670.72   | 0.05%             | 2030-10-15      | Fixed         | 5.74%                 | Yes           |                  2 | On Loan: No      |
| CHESAPEAKE FUNDING II LLC CFII_23-2                               | CFII 2023-2A A1 144A 6.16% 10-15-35                                              | CUSIP: 165183CZ5<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   2374520 | PA      | $2406068.36   | 0.02%             | 2035-10-15      | Fixed         | 6.16%                 | Yes           |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST CRVNA_23-N4                        | CRVNA 2023-N4 A 144A 6.42% 01-10-28                                              | CUSIP: 14688LAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    504917 | PA      | $505671.23    | 0.00%             | 2028-01-10      | Fixed         | 6.42%                 | Yes           |                  2 | On Loan: No      |
| CITIBANK CREDIT CARD ISSUANCE TRUST CCCIT_23-A1                   | CCCIT 2023-A1 A1 5.23% 12-08-27                                                  | CUSIP: 17305EGW9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7630000 | PA      | $7632227.96   | 0.06%             | 2027-12-08      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 2.75% 11-15-42                                       | CUSIP: 912810QY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    511300 | PA      | $401170.79    | 0.00%             | 2042-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.0% 05-15-45                                        | CUSIP: 912810RM2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8296700 | PA      | $6534299.22   | 0.05%             | 2045-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CARMX 2024-1                                                      | CARMX 2024-1 A3 4.92% 10-16-28                                                   | CUSIP: 14318WAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9492970 | PA      | $9559886.45   | 0.08%             | 2028-10-16      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST 2024-A                                 | CPS 2024-A B 144A 5.65% 05-15-28                                                 | CUSIP: 22411CAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    897180 | PA      | $898703.39    | 0.01%             | 2028-05-15      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 1.5% 01-31-27                                        | CUSIP: 912828Z78<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  29000000 | PA      | $28310116.10  | 0.23%             | 2027-01-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 0.625% 12-31-27                                      | CUSIP: 91282CBB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23000000 | PA      | $21685586.80  | 0.17%             | 2027-12-31      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 1.25% 06-30-28                                       | CUSIP: 91282CCH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $14178808.50  | 0.11%             | 2028-06-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 2.875% 05-15-52                                      | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    208200 | PA      | $150099.81    | 0.00%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.625% 03-15-26                                      | CUSIP: 91282CGR6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1160000 | PA      | $1163013.33   | 0.01%             | 2026-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.375% 12-15-26                                      | CUSIP: 91282CJP7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  52653200 | PA      | $53060440.91  | 0.43%             | 2026-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CIM TRUST CIM_22-R2                                               | CIM 2022-R2 A1 144A FRN 12-25-61                                                 | CUSIP: 12567NAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7386187 | PA      | $7100496.77   | 0.06%             | 2061-12-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| CIM TRUST CIM_18-R3                                               | CIM 2018-R3 A1 144A FRN 12-25-57                                                 | CUSIP: 12553WAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    171888 | PA      | $171481.98    | 0.00%             | 2057-12-25      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CHASE ISSUANCE TRUST CHAIT_24-A1                                  | CHAIT 2024-A1 A 4.6% 01-15-29                                                    | CUSIP: 161571HV9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15114000 | PA      | $15248212.32  | 0.12%             | 2029-01-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CHAOT 2024-1A                                                     | CHAOT 2024-1A A3 144A 5.13% 05-25-29                                             | CUSIP: 16144BAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3904184 | PA      | $3940414.84   | 0.03%             | 2029-05-25      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| CEFI 2024-1A                                                      | CEFI 2024-1A A 144A 5.97% 07-16-29                                               | CUSIP: 20166RAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3898294 | PA      | $3939962.93   | 0.03%             | 2029-07-16      | Fixed         | 5.97%                 | Yes           |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST 2024-2                                     | CHAOT 2024-2A A3 144A 5.52% 06-25-29                                             | CUSIP: 16144CAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5469933 | PA      | $5544416.89   | 0.04%             | 2029-06-25      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST CARMX_24-2                                | CARMX 2024-2 A2A 5.65% 05-17-27                                                  | CUSIP: 14319EAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    706763 | PA      | $707339.43    | 0.01%             | 2027-05-17      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| CNH 2024-B                                                        | CNH 2024-B A2A 5.42% 10-15-27                                                    | CUSIP: 18978JAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2421704 | PA      | $2426136.21   | 0.02%             | 2027-10-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| CNH 2024-B                                                        | CNH 2024-B A3 5.19% 09-17-29                                                     | CUSIP: 18978JAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5635000 | PA      | $5722055.12   | 0.05%             | 2029-09-17      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| CRVNA 2024-P2                                                     | CRVNA 2024-P2 A3 5.33% 07-10-29                                                  | CUSIP: 14688PAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1595001 | PA      | $1606892.13   | 0.01%             | 2029-07-10      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| CMXS 2024-A                                                       | CMXS 2024-A C 5.62% 01-15-30                                                     | CUSIP: 14319FAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1438000 | PA      | $1473068.51   | 0.01%             | 2030-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CMXS 2024-A                                                       | CMXS 2024-A A2A 5.78% 09-15-27                                                   | CUSIP: 14319FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    852821 | PA      | $854788.02    | 0.01%             | 2027-09-15      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| CPS 2024-C                                                        | CPS 2024-C C 144A 5.76% 10-15-30                                                 | CUSIP: 223920AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1589000 | PA      | $1608517.69   | 0.01%             | 2030-10-15      | Fixed         | 5.76%                 | Yes           |                  2 | On Loan: No      |
| CPS 2024-C                                                        | CPS 2024-C A 144A 5.88% 02-15-28                                                 | CUSIP: 223920AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    496406 | PA      | $497266.66    | 0.00%             | 2028-02-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CPS 2024-C                                                        | CPS 2024-C B 144A 5.68% 12-15-28                                                 | CUSIP: 223920AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6054000 | PA      | $6085486.85   | 0.05%             | 2028-12-15      | Fixed         | 5.68%                 | Yes           |                  2 | On Loan: No      |
| CPTRS 2024-1A                                                     | CPTRS 2024-1A A2 144A 5.58% 07-20-32                                             | CUSIP: 14077AAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18052249 | PA      | $18383435.39  | 0.15%             | 2032-07-20      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST CHAOT_24-4                                 | CHAOT 2024-4A A3 144A 4.94% 07-25-29                                             | CUSIP: 16144YAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6236000 | PA      | $6295971.61   | 0.05%             | 2029-07-25      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST CHAOT_24-4                                 | CHAOT 2024-4A A2 144A 5.25% 09-27-27                                             | CUSIP: 16144YAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1983570 | PA      | $1986689.83   | 0.02%             | 2027-09-27      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| DLLMT 2024-1A                                                     | DLLMT 2024-1A A4 144A 4.98% 04-20-32                                             | CUSIP: 23347AAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3060933.00   | 0.02%             | 2032-04-20      | Fixed         | 4.98%                 | Yes           |                  2 | On Loan: No      |
| DRIVE 2025-2                                                      | DRIVE 2025-2 A3 4.14% 09-15-32                                                   | CUSIP: 262103AD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1312000 | PA      | $1313800.06   | 0.01%             | 2032-09-15      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| DRIVE 2025-2                                                      | DRIVE 2025-2 C 4.39% 09-15-32                                                    | CUSIP: 262103AF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3041000 | PA      | $3041672.06   | 0.02%             | 2032-09-15      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| DRIVE 2025-2                                                      | DRIVE 2025-2 A2 4.29% 10-16-28                                                   | CUSIP: 262103AC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2220000 | PA      | $2221389.72   | 0.02%             | 2028-10-16      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE TRUST CSMC_22-ATH3                         | CSMC 2022-ATH3 A1 144A FRN 08-25-67                                              | CUSIP: 12664AAD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5199149 | PA      | $5185719.97   | 0.04%             | 2067-08-25      | Variable      | 4.99%                 | Yes           |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST COLT_23-1                                | COLT 2023-1 A1 144A 6.048% 04-25-68                                              | CUSIP: 19688NAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6162017 | PA      | $6175974.00   | 0.05%             | 2068-04-25      | Variable      | 6.05%                 | Yes           |                  2 | On Loan: No      |
| FANNIE MAE CONNECTICUT AVENUE SECURITIES CAS_17-C01               | CAS 2017-C01 1B1 FRN 07-25-29                                                    | CUSIP: 30711XEQ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    850000 | PA      | $891212.25    | 0.01%             | 2029-07-25      | Variable      | 9.94%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_23-SMRT                 | CGCMT 23-SMRT A 144A FRN 10-12-40                                                | CUSIP: 17291NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6311000 | PA      | $6504129.22   | 0.05%             | 2040-10-12      | Variable      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_23-PRM3                 | CGCMT 2023-PRM3 A 144A FRN 07-10-28                                              | CUSIP: 17331LAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  17000000 | PA      | $17738242.00  | 0.14%             | 2028-07-10      | Variable      | 6.36%                 | Yes           |                  2 | On Loan: No      |
| ELM TRUST ELM_24-ELM                                              | ELM 2024-ELM A15 144A FRN 06-10-39                                               | CUSIP: 26860XAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4339000 | PA      | $4367767.57   | 0.04%             | 2039-06-10      | Variable      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| ELM TRUST ELM_24-ELM                                              | ELM 2024-ELM A10 144A FRN 06-10-39                                               | CUSIP: 26860XAU5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3942000 | PA      | $3968135.46   | 0.03%             | 2039-06-10      | Variable      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| ELM TRUST ELM_24-ELM                                              | ELM 2024-ELM B15 144A FRN 06-10-39                                               | CUSIP: 26860XAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4744000 | PA      | $4775296.17   | 0.04%             | 2039-06-10      | Variable      | 6.20%                 | Yes           |                  2 | On Loan: No      |
| EFMT 2025-NQM4                                                    | EFMT 2025-NQM4 A1A 144A 4.972% 09-25-70                                          | CUSIP: 26846RAA1<br>LEI: 254900CD2QA4YMZIVN66 | Long             | ABS-CBDO         | CORP              | US        |   9284314 | PA      | $9275568.63   | 0.07%             | 2070-09-25      | Variable      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2025-ESH                              | ESA 2025-ESH A 144A FRN 10-15-42                                                 | CUSIP: 30227TAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5141000 | PA      | $5156114.54   | 0.04%             | 2042-10-15      | Variable      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2025-ESH                              | ESA 2025-ESH B 144A FRN 10-15-42                                                 | CUSIP: 30227TAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    390000 | PA      | $391387.62    | 0.00%             | 2042-10-15      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY STRUCTURED PASS THROUGH FHLMC_K054              | FHMS K054 A2 (MF) 2.745% 01-25-26                                                | CUSIP: 3137BNGT5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    218194 | PA      | $217393.68    | 0.00%             | 2026-01-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY STRUCTURED PASS THROUGH FHLMC_K057              | FHMS K057 A2 (MF) 2.57% 07-25-26                                                 | CUSIP: 3137BRQJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     27465 | PA      | $27221.67     | 0.00%             | 2026-07-25      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNARM FRN 555538 05-01-33                                                        | CUSIP: 31385XEK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     94398 | PA      | $96483.54     | 0.00%             | 2033-05-01      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FHARM FRN 848751 06-01-36                                                        | CUSIP: 31300LWL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     52037 | PA      | $53913.51     | 0.00%             | 2036-06-01      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FHARM FRN 760014 08-01-45                                                        | CUSIP: 31342WAP6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    343954 | PA      | $344831.44    | 0.00%             | 2045-08-01      | Variable      | 4.64%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FHARM FRN 848365 07-01-36                                                        | CUSIP: 31300LJJ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    228870 | PA      | $235584.20    | 0.00%             | 2036-07-01      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FHARM FRN 1L1292 01-01-36                                                        | CUSIP: 3128Q3NH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    267669 | PA      | $275524.18    | 0.00%             | 2036-01-01      | Variable      | 6.55%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNARM FRN 888521 03-01-34                                                        | CUSIP: 31410GD26<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    200842 | PA      | $206342.68    | 0.00%             | 2034-03-01      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FHARM FRN 782818 11-01-34                                                        | CUSIP: 31349UDX3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    108206 | PA      | $111445.61    | 0.00%             | 2034-11-01      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| BARCLAYS DRYROCK ISSUANCE TRUST DROCK_25-1                        | DROCK 2025-1 A 3.97% 07-15-31                                                    | CUSIP: 06742LBF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  35783000 | PA      | $35912570.24  | 0.29%             | 2031-07-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| DRYDEN SENIOR LOAN FUND DRSLF_22-113                              | DRSLF 2022-113A AR3 CLO 144A FRN 10-15-37                                        | CUSIP: 26253EBK3<br>LEI: 254900XN9Y85HJGYJ219 | Long             | ABS-O            | CORP              | JE        |   3000000 | PA      | $2998500.00   | 0.02%             | 2037-10-15      | Variable      | 4.99%                 | Yes           |                  2 | On Loan: No      |
| BLKMM 2025-2A                                                     | BLKMM 2025-2A A CLO 144A FRN 11-21-33                                            | CUSIP: 09264MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  17410000 | PA      | $17424798.50  | 0.14%             | 2033-11-21      | Variable      | 5.05%                 | Yes           |                  2 | On Loan: No      |
| EART 2025-2A                                                      | EART 2025-2A A2 4.78% 06-15-27                                                   | CUSIP: 30168JAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    883503 | PA      | $883828.73    | 0.01%             | 2027-06-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SL1137 05-01-55                                                    | CUSIP: 31427NHP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    633915 | PA      | $649439.79    | 0.01%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RQ0028 07-01-55                                                    | CUSIP: 3142J6A60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  65097653 | PA      | $66680177.32  | 0.54%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5761 07-01-55                                                    | CUSIP: 31418FMK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   7319602 | PA      | $7499502.69   | 0.06%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DD9889 07-01-55                                                    | CUSIP: 3140BA7B6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     77097 | PA      | $79015.83     | 0.00%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 3.5 BU8818 05-01-52                                                    | CUSIP: 3140MAYQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       911 | PA      | $843.05       | 0.00%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2SF MA5653 12-20-48                                                             | CUSIP: 36179UH62<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1272912 | PA      | $1296865.84   | 0.01%             | 2048-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2SF MA5878 04-20-49                                                             | CUSIP: 36179UQ70<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    899987 | PA      | $917202.38    | 0.01%             | 2049-04-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2SF MA5332 07-20-48                                                             | CUSIP: 36179T4R3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     29332 | PA      | $29913.92     | 0.00%             | 2048-07-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2SF 5.0 MA6042 07-20-49                                                         | CUSIP: 36179UWB4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     25550 | PA      | $26056.97     | 0.00%             | 2049-07-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST GSMS_20-GSA2                         | GSMS 2020-GSA2 A5 2.012% 12-12-53                                                | CUSIP: 36264KAV2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2975000 | PA      | $2636986.45   | 0.02%             | 2053-12-12      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| GCAT TRUST GCAT_21-NQM6                                           | GCAT 2021-NQM6 A1 144A FRN 08-25-66                                              | CUSIP: 36167KAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12203960 | PA      | $11232622.82  | 0.09%             | 2066-08-25      | Variable      | 1.85%                 | Yes           |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_18-98               | GNR 2018-98 A 3.0% 10-16-50                                                      | CUSIP: 38380MBX8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   1623552 | PA      | $1575734.70   | 0.01%             | 2050-10-16      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.72 710074 04-20-61                                                        | CUSIP: 36297E2F1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1510 | PA      | $1506.02      | 0.00%             | 2061-04-20      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.88 725876 09-20-61                                                        | CUSIP: 3620ACMZ4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       291 | PA      | $292.72       | 0.00%             | 2061-09-20      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.88 725879 10-20-61                                                        | CUSIP: 3620ACM43<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       288 | PA      | $289.94       | 0.00%             | 2061-10-20      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.7 710077 05-20-61                                                         | CUSIP: 36297E2J3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3226 | PA      | $3234.35      | 0.00%             | 2061-05-20      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.694 AC1008 10-20-63                                                       | CUSIP: 36179ADM5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       400 | PA      | $396.72       | 0.00%             | 2063-10-20      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.462 AG8070 01-20-64                                                       | CUSIP: 36182C6F9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3020 | PA      | $3015.12      | 0.00%             | 2064-01-20      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.23 AG8069 01-20-64                                                        | CUSIP: 36182C6E2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4009 | PA      | $3981.54      | 0.00%             | 2064-01-20      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.738 776094 10-20-63                                                       | CUSIP: 36176T7F9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1048 | PA      | $1038.29      | 0.00%             | 2063-10-20      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.464 AG8041 11-20-63                                                       | CUSIP: 36182C5A1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3040 | PA      | $3034.33      | 0.00%             | 2063-11-20      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.462 AG8060 12-20-63                                                       | CUSIP: 36182C5V5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2995 | PA      | $2989.54      | 0.00%             | 2063-12-20      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.695 AC0975 04-20-63                                                       | CUSIP: 36179ACL8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       797 | PA      | $790.26       | 0.00%             | 2063-04-20      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.694 AC1026 01-20-64                                                       | CUSIP: 36179AD78<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       797 | PA      | $789.82       | 0.00%             | 2064-01-20      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.423 AG8082 02-20-64                                                       | CUSIP: 36182C6T9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2594 | PA      | $2590.05      | 0.00%             | 2064-02-20      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.23 AG8081 02-20-64                                                        | CUSIP: 36182C6S1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4026 | PA      | $3997.95      | 0.00%             | 2064-02-20      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.779 AG8076 02-20-64                                                       | CUSIP: 36182C6M4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       765 | PA      | $768.06       | 0.00%             | 2064-02-20      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2SF 5.0 MA8947 06-20-53                                                         | CUSIP: 36179X5G7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    277174 | PA      | $278383.01    | 0.00%             | 2053-06-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OBX TRUST OBX_22-NQM6                                             | OBX 2022-NQM6 A1 144A 4.7% 07-25-62                                              | CUSIP: 67116VAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6313103 | PA      | $6311587.49   | 0.05%             | 2062-07-25      | Variable      | 4.70%                 | Yes           |                  2 | On Loan: No      |
| OBX 2024-NQM10                                                    | OBX 2024-NQM10 A1 144A 6.18% 05-25-64                                            | CUSIP: 67119MAA6<br>LEI: 25490010LUJWFEUCIH44 | Long             | ABS-CBDO         | CORP              | US        |   7999713 | PA      | $8112877.41   | 0.07%             | 2064-05-25      | Variable      | 6.18%                 | Yes           |                  2 | On Loan: No      |
| OBX 2024-NQM11                                                    | OBX 2024-NQM11 A1 144A 5.875% 06-25-64                                           | CUSIP: 67119EAA4<br>LEI: 254900F5LT8CA1U6PK21 | Long             | ABS-CBDO         | CORP              | US        |   6799158 | PA      | $6864661.59   | 0.06%             | 2064-06-25      | Variable      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| OBX 2024-NQM13                                                    | OBX 2024-NQM13 A1 144A 5.116% 06-25-64                                           | CUSIP: 67119PAP6<br>LEI: 254900W2SY2Z6X7UAX78 | Long             | ABS-CBDO         | CORP              | US        |   3416217 | PA      | $3419015.29   | 0.03%             | 2064-06-25      | Variable      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| OBX 2024-NQM17                                                    | OBX 2024-NQM17 A1 144A 5.61% 11-25-64                                            | CUSIP: 673911AC7<br>LEI: 254900HMH8TR6ZSMCB34 | Long             | ABS-CBDO         | CORP              | US        |  19915043 | PA      | $20136318.87  | 0.16%             | 2064-11-25      | Variable      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| OBX 2025-NQM1                                                     | OBX 2025-NQM1 A1 144A 5.547% 12-25-64                                            | CUSIP: 673914AC1<br>LEI: 2549007E8KF1RJ2ZV866 | Long             | ABS-CBDO         | CORP              | US        |  19327408 | PA      | $19483747.58  | 0.16%             | 2064-12-25      | Variable      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL LLC OBX_23-NQM7                              | OBX 2023-NQM7 A1 144A 6.844% 04-25-63                                            | CUSIP: 67117XAA4<br>LEI: 254900K7TTKPUWNMSZ83 | Long             | ABS-CBDO         | CORP              | US        |   1792270 | PA      | $1815035.91   | 0.01%             | 2063-04-25      | Variable      | 6.84%                 | Yes           |                  2 | On Loan: No      |
| OBX 2025-NQM3                                                     | OBX 2025-NQM3 A1 144A 5.648% 12-01-64                                            | CUSIP: 67448YAC8<br>LEI: 254900MBGY6CR10DAX67 | Long             | ABS-CBDO         | CORP              | US        |   6261891 | PA      | $6317339.65   | 0.05%             | 2064-12-01      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| OBX 2023-NQM8                                                     | OBX 2023-NQM8 A1 144A 7.045% 09-25-63                                            | CUSIP: 67118CAA9<br>LEI: 254900L7QTAO1E3CDI14 | Long             | ABS-CBDO         | CORP              | US        |    973086 | PA      | $984297.71    | 0.01%             | 2063-09-25      | Variable      | 7.04%                 | Yes           |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL LLC OBX TRUST OBX_23-NQM10                   | OBX 2023-NQM10 A1 144A 6.465% 10-25-63                                           | CUSIP: 67449CAA9<br>LEI: 254900O44XNRXAW7W466 | Long             | ABS-CBDO         | CORP              | US        |   2299157 | PA      | $2329018.45   | 0.02%             | 2063-10-25      | Variable      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| OBX TRUST OBX_23-NQM9                                             | OBX 2023-NQM9 A1 144A 7.159% 10-25-63                                            | CUSIP: 673921AA0<br>LEI: 2549007JKD4UEFDCFB08 | Long             | ABS-CBDO         | CORP              | US        |   2578329 | PA      | $2613798.98   | 0.02%             | 2063-10-25      | Variable      | 7.16%                 | Yes           |                  2 | On Loan: No      |
| OBX 2025-NQM8                                                     | OBX 2025-NQM8 A1 144A 5.472% 03-25-65                                            | CUSIP: 67449AAA3<br>LEI: 2549006UJL1L84XG2C80 | Long             | ABS-CBDO         | CORP              | US        |  11783379 | PA      | $11869091.15  | 0.10%             | 2065-03-25      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| OBX 2025-NQM14                                                    | OBX 2025-NQM14 A1A 144A 5.162% 07-25-65                                          | CUSIP: 673924AA4<br>LEI: 254900T4WKE0IYMYAI09 | Long             | ABS-CBDO         | CORP              | US        |   4857305 | PA      | $4901141.93   | 0.04%             | 2065-07-25      | Variable      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| OBX 2025-NQM16                                                    | OBX 2025-NQM16 A1A 144A 4.905% 08-25-65                                          | CUSIP: 67122DAA1<br>LEI: 254900WI6P4MRT24JH23 | Long             | ABS-CBDO         | CORP              | US        |   5890411 | PA      | $5895641.31   | 0.05%             | 2065-08-25      | Variable      | 4.91%                 | Yes           |                  2 | On Loan: No      |
| OBX 2025-NQM18                                                    | OBX 2025-NQM18 A1A 144A 5.057% 09-25-65                                          | CUSIP: 673918AA6<br>LEI: 254900JLM1WC0WGYCA96 | Long             | ABS-CBDO         | CORP              | US        |   6977008 | PA      | $7010957.80   | 0.06%             | 2065-09-25      | Variable      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| OBX 2025-NQM19                                                    | OBX 2025-NQM19 A1 144A FRN 10-25-65                                              | CUSIP: 67449LAA9<br>LEI: 2549003HKVOL66FLG606 | Long             | ABS-CBDO         | CORP              | US        |  14930828 | PA      | $14972185.91  | 0.12%             | 2065-10-25      | Variable      | 4.87%                 | Yes           |                  2 | On Loan: No      |
| PRKCM_21-AFC2 TRUST                                               | PRKCM 2021-AFC2 A1 144A FRN 11-25-56                                             | CUSIP: 69361JAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6112680 | PA      | $5507035.29   | 0.04%             | 2056-11-25      | Variable      | 2.07%                 | Yes           |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL MASTER TRUST PROG_22-SFR3                    | PROG 2022-SFR3 A 144A 3.2% 04-17-39                                              | CUSIP: 74331UAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    616664 | PA      | $607397.50    | 0.00%             | 2039-04-17      | Fixed         | 3.20%                 | Yes           |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL TRUST PROG_24-SFR1                           | PROG 2024-SFR1 A 144A 3.35% 02-17-41                                             | CUSIP: 74331QAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3806804 | PA      | $3696654.58   | 0.03%             | 2041-02-17      | Fixed         | 3.35%                 | Yes           |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL TRUST PROG_21-SFR6                           | PROG 2021-SFR6 A 144A 1.524% 07-17-38                                            | CUSIP: 74333HAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5657975 | PA      | $5570650.12   | 0.04%             | 2038-07-17      | Fixed         | 1.52%                 | Yes           |                  2 | On Loan: No      |
| EXETER SELECT AUTOMOBILE RECEIVABLES TRUST ESART_25-1             | ESART 2025-1 A2 4.83% 10-16-28                                                   | CUSIP: 30185AAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5039372 | PA      | $5053673.43   | 0.04%             | 2028-10-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| EXETER SELECT AUTOMOBILE RECEIVABLES TRUST ESART_25-1             | ESART 2025-1 C 5.4% 08-15-31                                                     | CUSIP: 30185AAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1025168.00   | 0.01%             | 2031-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| PROG 2024-SFR3                                                    | PROG 2024-SFR3 A 144A 3.0% 06-17-41                                              | CUSIP: 74331VAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5603868 | PA      | $5353095.21   | 0.04%             | 2041-06-17      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| PRKCM TRUST PRKCM_23-AFC4                                         | PRKCM 2023-AFC4 A1 144A 7.225% 11-25-58                                          | CUSIP: 69380GAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3415053 | PA      | $3466302.56   | 0.03%             | 2058-11-25      | Variable      | 7.22%                 | Yes           |                  2 | On Loan: No      |
| PROG 2025-SFR2                                                    | PROG 2025-SFR2 A 144A 3.305% 04-17-42                                            | CUSIP: 74334GAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3381543 | PA      | $3232379.70   | 0.03%             | 2042-04-17      | Fixed         | 3.31%                 | Yes           |                  2 | On Loan: No      |
| PROG 2025-SFR3                                                    | PROG 2025-SFR3 A 144A 3.39% 07-17-42                                             | CUSIP: 74334BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4098000 | PA      | $3927338.79   | 0.03%             | 2042-07-17      | Fixed         | 3.39%                 | Yes           |                  2 | On Loan: No      |
| PROG 2025-SFR3                                                    | PROG 2025-SFR3 B 144A 3.39% 07-17-42                                             | CUSIP: 74334BAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6000000 | PA      | $5639772.00   | 0.05%             | 2042-07-17      | Fixed         | 3.39%                 | Yes           |                  2 | On Loan: No      |
| PRPM 2025-RPL3                                                    | PRPM 2025-RPL3 A1 144A 3.25% 04-25-55                                            | CUSIP: 69392NAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3544163 | PA      | $3431990.08   | 0.03%             | 2055-04-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| PROG 2025-SFR6                                                    | PROG 2025-SFR6 A 144A 2.378% 12-17-42                                            | CUSIP: 74334EAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1488000 | PA      | $1456900.80   | 0.01%             | 2042-09-17      | Variable      | 2.38%                 | Yes           |                  2 | On Loan: No      |
| SG COMMERCIAL MORTGAGE SECURITIES TRUST SGCMS_16-C5               | SGCMS 2016-C5 A3 2.779% 10-10-48                                                 | CUSIP: 78419CAC8<br>LEI: 549300SZQW4U3UN4A157 | Long             | ABS-CBDO         | CORP              | US        |    673401 | PA      | $670847.51    | 0.01%             | 2048-10-10      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| EXETER SELECT AUTOMOBILE RECEIVABLES TRUST ESART_25-1             | ESART 2025-1 A3 4.69% 04-15-30                                                   | CUSIP: 30185AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2185000 | PA      | $2204662.82   | 0.02%             | 2030-04-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| EART 2025-3A                                                      | EART 2025-3A A2 4.83% 01-18-28                                                   | CUSIP: 30166XAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1987274 | PA      | $1989926.54   | 0.02%             | 2028-01-18      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| UBSCM 2017-C2                                                     | UBSCM 2017-C2 A4 3.487% 08-15-50                                                 | CUSIP: 90276CAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2954000 | PA      | $2923180.92   | 0.02%             | 2050-08-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                       | FNCL 6.0 UMBS TBA 12-01-55                                                       | CUSIP: 01F0606C4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    113918 | PA      | $116652.60    | 0.00%             | 2055-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                       | FNCL 5.5 UMBS TBA 12-01-55                                                       | CUSIP: 01F0526C1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  12051000 | PA      | $12204794.86  | 0.10%             | 2055-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                       | FNCL 5.0 UMBS TBA 12-01-55                                                       | CUSIP: 01F0506C5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  50000000 | PA      | $49905500.00  | 0.40%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EART 2025-3A                                                      | EART 2025-3A C 5.09% 10-15-31                                                    | CUSIP: 30166XAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1332000 | PA      | $1350679.97   | 0.01%             | 2031-10-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                       | FNCI 5.5 UMBS TBA 12-01-40                                                       | CUSIP: 01F0524C3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   3645000 | PA      | $3730690.31   | 0.03%             | 2040-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_23-1                             | VERUS 2023-1 A1 144A 5.85% 12-25-67                                              | CUSIP: 92539BAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4978878 | PA      | $4971195.66   | 0.04%             | 2067-12-25      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_23-3                             | VERUS 2023-3 A1 144A 5.93% 03-25-68                                              | CUSIP: 92539GAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5976043 | PA      | $5982604.88   | 0.05%             | 2068-03-25      | Variable      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_23-5                             | VERUS 2023-5 A1 144A 6.476% 06-25-68                                             | CUSIP: 924934AA0<br>LEI: 984500BADC7CFE3B0756 | Long             | ABS-CBDO         | CORP              | US        |   8698070 | PA      | $8741473.60   | 0.07%             | 2068-06-25      | Variable      | 6.48%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2024-2                                                      | VERUS 2024-2 A1 144A 6.095% 02-25-69                                             | CUSIP: 92539UAA8<br>LEI: 213800KSJFZ5H8FZ7C61 | Long             | ABS-CBDO         | CORP              | US        |   5143338 | PA      | $5189962.34   | 0.04%             | 2069-02-25      | Variable      | 6.09%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_24-3                             | VERUS 2024-3 A1 144A 6.338% 04-25-69                                             | CUSIP: 92540MAA3<br>LEI: 2138005NRONUFED1TZ38 | Long             | ABS-CBDO         | CORP              | US        |  22571469 | PA      | $22842033.67  | 0.18%             | 2069-04-25      | Variable      | 6.34%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2024-4                                                      | VERUS 2024-4 A1 144A 6.218% 06-25-69                                             | CUSIP: 92540GAA6<br>LEI: 213800WNY873LW1L3M73 | Long             | ABS-CBDO         | CORP              | US        |   7492070 | PA      | $7578873.52   | 0.06%             | 2069-06-25      | Variable      | 6.22%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2024-8                                                      | VERUS 2024-8 A1 144A FRN 10-25-69                                                | CUSIP: 92540PAA6<br>LEI: 213800RZ8QGNZ38DSP77 | Long             | ABS-CBDO         | CORP              | US        |   5209849 | PA      | $5233339.83   | 0.04%             | 2069-10-25      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| VERSUS SECURITIZATION TRUST VERSUS_24-R1                          | VERUS 2024-R1 A1 144A FRN 09-25-69                                               | CUSIP: 924926AA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4880494 | PA      | $4903329.90   | 0.04%             | 2069-09-25      | Variable      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_24-7                             | VERUS 2024-7 A1 144A FRN 09-25-69                                                | CUSIP: 924925AA8<br>LEI: 213800HQOHEFNJCQYJ07 | Long             | ABS-CBDO         | CORP              | US        |   4875298 | PA      | $4881167.71   | 0.04%             | 2069-09-25      | Variable      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2024-9                                                      | VERUS 2024-9 A1 144A FRN 11-25-69                                                | CUSIP: 92540RAC8<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-CBDO         | CORP              | US        |   5878224 | PA      | $5912358.50   | 0.05%             | 2069-11-25      | Variable      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2023-4                                                      | VERUS 2023-4 A1 144A 5.811% 05-25-68                                             | CUSIP: 92539TAA1<br>LEI: 2138008DC17PCNG48R87 | Long             | ABS-CBDO         | CORP              | US        |   4768650 | PA      | $4775072.88   | 0.04%             | 2068-05-25      | Variable      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2023-2                                                      | VERUS 2023-2 A1 144A 6.193% 03-25-68                                             | CUSIP: 92539DAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1013771 | PA      | $1014891.50   | 0.01%             | 2068-03-25      | Variable      | 6.19%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2023-7                                                      | VERUS 2023-7 A1 144A 7.07% 10-25-68                                              | CUSIP: 92539YAA0<br>LEI: 213800W65K5FH3AI2J91 | Long             | ABS-CBDO         | CORP              | US        |   3590442 | PA      | $3638740.80   | 0.03%             | 2068-10-25      | Variable      | 7.07%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2025-3                                                      | VERUS 2025-3 A1 144A 5.623% 05-25-70                                             | CUSIP: 924928AA2<br>LEI: 213800DYYV3EM7TSTN14 | Long             | ABS-CBDO         | CORP              | US        |   5255544 | PA      | $5303742.62   | 0.04%             | 2070-05-25      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2024-5                                                      | VERUS 2024-5 A1 144A 6.192% 06-25-69                                             | CUSIP: 92540HAA4<br>LEI: 213800YE6HC7EZSFHW30 | Long             | ABS-CBDO         | CORP              | US        |   6134186 | PA      | $6207704.03   | 0.05%             | 2069-06-25      | Variable      | 6.19%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2025-R1                                                     | VERUS 2025-R1 A1 144A 5.402% 05-25-65                                            | CUSIP: 92541AAA8<br>LEI: 213800UBQ9UM61L7TB84 | Long             | ABS-CBDO         | CORP              | US        |   7969473 | PA      | $8025888.72   | 0.06%             | 2065-05-25      | Variable      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2025-7                                                      | VERUS 2025-7 A1 144A 5.129% 08-25-70                                             | CUSIP: 924931AC2<br>LEI: 213800OVCAXDOBS94P47 | Long             | ABS-CBDO         | CORP              | US        |   7933399 | PA      | $7972423.34   | 0.06%             | 2070-08-25      | Variable      | 5.13%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2025-8                                                      | VERUS 2025-8 A1A 144A 4.869% 09-25-70                                            | CUSIP: 924930AA8<br>LEI: 213800K8E68XJS6Z1D09 | Long             | ABS-CBDO         | CORP              | US        |   8151750 | PA      | $8143272.15   | 0.07%             | 2070-09-25      | Variable      | 4.87%                 | Yes           |                  2 | On Loan: No      |
| WFCM 2016-C34                                                     | WFCM 2016-C34 A4 3.096% 06-15-49                                                 | CUSIP: 95000DBD2<br>LEI: 549300FWFHJGIW2B2U59 | Long             | ABS-CBDO         | CORP              | US        |   5160000 | PA      | $5124839.76   | 0.04%             | 2049-06-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| WFCM 2017-C39                                                     | WFCM 2017-C39 A5 3.418% 09-15-50                                                 | CUSIP: 95000XAF4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4680500 | PA      | $4593012.09   | 0.04%             | 2050-09-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST WFCM_17-C40                 | WFCM 2017-C40 AS FRN 10-15-50                                                    | CUSIP: 95000YBB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $974441.00    | 0.01%             | 2050-10-15      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| WMRK COMMERCIAL MORTGAGE TRUST WMRK_22-WMRK                       | WMRK 2022-WMRK A 144A FRN 11-15-27                                               | CUSIP: 929342AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  15120832 | PA      | $15177747.03  | 0.12%             | 2027-11-15      | Variable      | 6.75%                 | Yes           |                  2 | On Loan: No      |
| WFCM 2024-5C1                                                     | WFCM 2024-5C1 AS 6.52% 07-15-57                                                  | CUSIP: 95003VAF5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    410000 | PA      | $431636.52    | 0.00%             | 2057-07-15      | Fixed         | 6.52%                 | No            |                  2 | On Loan: No      |
| WFCM 2024-5C2                                                     | WFCM 2024-5C2 A3 FRN 11-15-57                                                    | CUSIP: 95003UAD2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2452000 | PA      | $2593159.19   | 0.02%             | 2057-11-15      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| WFCM 2024-5C2                                                     | WFCM 2024-5C2 AS FRN 11-15-57                                                    | CUSIP: 95003UAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3899000 | PA      | $4108317.82   | 0.03%             | 2057-11-15      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| WFCM 2025-1918                                                    | WFCM 2025-1918 A 144A FRN 09-15-40                                               | CUSIP: 95004QAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    414000 | PA      | $420406.24    | 0.00%             | 2040-09-15      | Variable      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| ASCENSION HEALTH                                                  | ASCENSION HEALTH SR UNSEC 4.294% 11-15-30                                        | CUSIP: 04351LAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5101000 | PA      | $5139762.50   | 0.04%             | 2030-11-15      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| CAPITAL GROUP CENTRAL CASH FUND                                   | CAPITAL GROUP CENTRAL CASH FUND                                                  | CUSIP: 14020B102<br>LEI: 549300YD0SRETB6WWP29 | Long             | STIV             | RF                | US        |   9540823 | NS      | $953986925.77 | 7.66%             |  |  |  | No            |                  1 | On Loan: No      |
| RISKLESS ISSUER                                                   | OIS PAYFIX USD 3.878% 12-06-23/12-06-33 LCH                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |         1 | NC      | $-326545.40   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                   | OIS RECFIX USD 3.8825% 12-07-23/12-07-28 LCH                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |         1 | NC      | $299721.58    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                   | OIS RECFIX USD 3.948% 11-06-24/11-06-26 LCH                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |         1 | NC      | $69332.90     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                   | OIS PAYFIX USD 3.2845% 11-25-25/12-15-27 LCH                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |         1 | NC      | $41813.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | SOFR 90DAY FUT OPT SFRZ5C C @ 97 12-12-25                                        | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              |  | US        |       564 | NC      | $3525.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | SOFR 90DAY FUT OPT SFRZ5C C @ 98 12-12-25                                        | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              |  | US        |      4650 | NC      | $29062.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | SOFR 90DAY FUT OPT SFRZ5P P @ 95.6875 12-12-25                                   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              |  | US        |      4650 | NC      | $29062.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | SOFR 90DAY FUT OPT SFRH6C C @ 96.8125 03-13-26                                   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              |  | US        |      1200 | NC      | $-97500.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | SOFR 90DAY FUT OPT SFRH6C C @ 96.625 03-13-26                                    | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              |  | US        |      1200 | NC      | $172500.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | FED FUND 30DAY FUT FFG6 02-27-26                                                 | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |       565 | NC      | $120115.25    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | FED FUND 30DAY FUT FFF6 01-30-26                                                 | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |       566 | NC      | $11017.19     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 3.5 AB9584 06-01-43                                                    | CUSIP: 31417GUJ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      3168 | PA      | $3026.33      | 0.00%             | 2043-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 889579 05-01-38                                                    | CUSIP: 31410KJY1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    715488 | PA      | $755999.35    | 0.01%             | 2038-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 889983 10-01-38                                                    | CUSIP: 31410KXL3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    291612 | PA      | $308121.99    | 0.00%             | 2038-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 AI8806 08-01-41                                                    | CUSIP: 3138ANYC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    442609 | PA      | $456076.16    | 0.00%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 AL0095 07-01-38                                                    | CUSIP: 3138EGC93<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     25408 | PA      | $26846.38     | 0.00%             | 2038-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_16-DNA3                       | STACR 2016-DNA3 M3 FRN 12-25-28                                                  | CUSIP: 3137G0KQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4005321 | PA      | $4085599.89   | 0.03%             | 2028-12-25      | Variable      | 9.19%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNMDI4 4.5 BM6736 11-01-59                                                       | CUSIP: 3140JBPW0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   4193705 | PA      | $4149008.79   | 0.03%             | 2059-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 SD8288 01-01-53                                                    | CUSIP: 3132DWF57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    856484 | PA      | $859256.89    | 0.01%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA4842 12-01-52                                                    | CUSIP: 31418ELY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2777012 | PA      | $2829739.36   | 0.02%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 3.5 SD8175 10-01-51                                                    | CUSIP: 3132DWCL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     11965 | PA      | $11145.50     | 0.00%             | 2051-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 BX1762 11-01-52                                                    | CUSIP: 3140N55Y6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     31761 | PA      | $32321.75     | 0.00%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA4894 01-01-53                                                    | CUSIP: 31418ENL0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1101978 | PA      | $1131329.70   | 0.01%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8301 02-01-53                                                    | CUSIP: 3132DWGJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3602226 | PA      | $3706423.88   | 0.03%             | 2053-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8290 01-01-53                                                    | CUSIP: 3132DWF73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   7304036 | PA      | $7514596.83   | 0.06%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FIVE 2023-V1 MORTGAGE TRUST                                       | F1VE 2023-V1 A3 FRN 02-10-56                                                     | CUSIP: 337964AC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7079000 | PA      | $7269580.84   | 0.06%             | 2056-02-10      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB6468 06-01-53                                                    | CUSIP: 3140QSFJ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1326043 | PA      | $1385321.95   | 0.01%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB6490 06-01-53                                                    | CUSIP: 3140QSF89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1732985 | PA      | $1801706.19   | 0.01%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RA9287 06-01-53                                                    | CUSIP: 3133KRJ88<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1305443 | PA      | $1379306.15   | 0.01%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RA9279 06-01-53                                                    | CUSIP: 3133KRJY1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2634793 | PA      | $2731603.10   | 0.02%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RA9288 06-01-53                                                    | CUSIP: 3133KRJ96<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1872750 | PA      | $1976202.48   | 0.02%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RA9289 06-01-53                                                    | CUSIP: 3133KRKA1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1873110 | PA      | $1974074.06   | 0.02%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RA9290 06-01-53                                                    | CUSIP: 3133KRKB9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1027124 | PA      | $1081112.66   | 0.01%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RA9291 06-01-53                                                    | CUSIP: 3133KRKC7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    621944 | PA      | $646433.94    | 0.01%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RA9292 06-01-53                                                    | CUSIP: 3133KRKD5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2013619 | PA      | $2101801.44   | 0.02%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RA9294 06-01-53                                                    | CUSIP: 3133KRKF0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2281872 | PA      | $2381799.30   | 0.02%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RA9295 06-01-53                                                    | CUSIP: 3133KRKG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    580201 | PA      | $618330.82    | 0.00%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8342 07-01-53                                                    | CUSIP: 3132DWHT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2215405 | PA      | $2251398.54   | 0.02%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8331 06-01-53                                                    | CUSIP: 3132DWHG1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1355482 | PA      | $1377863.97   | 0.01%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA5072 07-01-53                                                    | CUSIP: 31418ET67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    485627 | PA      | $493756.03    | 0.00%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA4979 04-01-53                                                    | CUSIP: 31418EQ94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3303278 | PA      | $3360860.89   | 0.03%             | 2053-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD2948 11-01-52                                                    | CUSIP: 3132DQHZ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    296743 | PA      | $301884.90    | 0.00%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 SD8341 07-01-53                                                    | CUSIP: 3132DWHS5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     57166 | PA      | $57312.59     | 0.00%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 FS4563 05-01-53                                                    | CUSIP: 3140XLB98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1197872 | PA      | $1205079.30   | 0.01%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 SD8315 04-01-53                                                    | CUSIP: 3132DWGY3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2415424 | PA      | $2422872.75   | 0.02%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 SD2716 04-01-53                                                    | CUSIP: 3132DQAR7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1827241 | PA      | $1838613.70   | 0.01%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 SD8329 06-01-53                                                    | CUSIP: 3132DWHE6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    614572 | PA      | $616308.99    | 0.00%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5073 07-01-53                                                    | CUSIP: 31418ET75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    713036 | PA      | $732369.51    | 0.01%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 BX5666 01-01-53                                                    | CUSIP: 3140NAJL8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     65855 | PA      | $67688.76     | 0.00%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS8219 06-01-54                                                    | CUSIP: 3140XQDZ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    359805 | PA      | $371913.82    | 0.00%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD3432 07-01-53                                                    | CUSIP: 3132DQY59<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    313664 | PA      | $326405.92    | 0.00%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD5896 07-01-54                                                    | CUSIP: 3132DTRR3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    308518 | PA      | $317209.88    | 0.00%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS8223 06-01-54                                                    | CUSIP: 3140XQD53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    413657 | PA      | $425050.45    | 0.00%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FS 2024-HULA                                                      | FS 2024-HULA A 144A FRN 08-15-39                                                 | CUSIP: 30338DAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8000000 | PA      | $8043872.00   | 0.06%             | 2039-08-15      | Variable      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 RJ2193 08-01-54                                                    | CUSIP: 3142GSNK0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    278540 | PA      | $279668.80    | 0.00%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ2206 08-01-54                                                    | CUSIP: 3142GSNY0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1284798 | PA      | $1305177.70   | 0.01%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ2210 08-01-54                                                    | CUSIP: 3142GSN46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    719610 | PA      | $739614.76    | 0.01%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RJ2247 08-01-54                                                    | CUSIP: 3142GSP93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2228781 | PA      | $2323105.49   | 0.02%             | 2054-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 RJ2241 08-01-54                                                    | CUSIP: 3142GSP36<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    192167 | PA      | $192849.27    | 0.00%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 RJ2195 08-01-54                                                    | CUSIP: 3142GSNM6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    180762 | PA      | $180900.54    | 0.00%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ2200 08-01-54                                                    | CUSIP: 3142GSNS3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2027333 | PA      | $2060425.39   | 0.02%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ2243 08-01-54                                                    | CUSIP: 3142GSP51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1182064 | PA      | $1200813.95   | 0.01%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ2203 08-01-54                                                    | CUSIP: 3142GSNV6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    218737 | PA      | $222702.00    | 0.00%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ2216 08-01-54                                                    | CUSIP: 3142GSPA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2097129 | PA      | $2154892.33   | 0.02%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RJ2228 08-01-54                                                    | CUSIP: 3142GSPN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1176492 | PA      | $1223807.21   | 0.01%             | 2054-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RJ2222 08-01-54                                                    | CUSIP: 3142GSPG7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   5415681 | PA      | $5639678.55   | 0.05%             | 2054-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB9071 08-01-54                                                    | CUSIP: 3140QVCH5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   5939056 | PA      | $6195920.40   | 0.05%             | 2054-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GALC 2024-1                                                       | GALC 2024-1 A3 144A 4.98% 01-18-28                                               | CUSIP: 39154TCJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1710000 | PA      | $1724847.93   | 0.01%             | 2028-01-18      | Fixed         | 4.98%                 | Yes           |                  2 | On Loan: No      |
| GOST 2024-1A                                                      | GOST 2024-1A AR CLO 144A FRN 07-20-35                                            | CUSIP: 381929AN8<br>LEI: 25490083RWI1EQQYLH43 | Long             | ABS-O            | CORP              | US        |    935000 | PA      | $934943.90    | 0.01%             | 2035-07-20      | Variable      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES TRUST GSAR_25-3                              | GSAR 2025-3A A2 144A 4.46% 10-15-30                                              | CUSIP: 36272GAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3608000 | PA      | $3628168.72   | 0.03%             | 2030-10-15      | Fixed         | 4.46%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2025-3A                                                      | GCAR 2025-3A A2 144A 4.52% 07-17-28                                              | CUSIP: 37989YAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7657000 | PA      | $7673738.20   | 0.06%             | 2028-07-17      | Fixed         | 4.52%                 | Yes           |                  2 | On Loan: No      |
| GSAR 2025-4A                                                      | GSAR 2025-4A A2 144A 4.17% 02-18-31                                              | CUSIP: 36273DAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6359000 | PA      | $6369848.45   | 0.05%             | 2031-02-18      | Fixed         | 4.17%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2025-4A                                                      | GCAR 2025-4A B 144A 4.53% 04-15-30                                               | CUSIP: 36273HAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3916000 | PA      | $3933426.20   | 0.03%             | 2030-04-15      | Fixed         | 4.53%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2025-4A                                                      | GCAR 2025-4A A3 144A 4.29% 07-16-29                                              | CUSIP: 36273HAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7785000 | PA      | $7803294.75   | 0.06%             | 2029-07-16      | Fixed         | 4.29%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2025-4A                                                      | GCAR 2025-4A A2 144A 4.37% 10-16-28                                              | CUSIP: 36273HAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $7005390.00   | 0.06%             | 2028-10-16      | Fixed         | 4.37%                 | Yes           |                  2 | On Loan: No      |
| GCI 2020-1                                                        | GCI 2020-1 A 144A 2.82% 10-18-45                                                 | CUSIP: 36166VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4978681 | PA      | $4768834.87   | 0.04%             | 2045-10-18      | Fixed         | 2.82%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING LLC HERTZ_21-2                            | HERTZ 2021-2A A 144A 1.68% 12-27-27                                              | CUSIP: 42806MAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  42849000 | PA      | $41906279.15  | 0.34%             | 2027-12-27      | Fixed         | 1.68%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING LLC HERTZ_21-2                            | HERTZ 2021-2A B 144A 2.12% 12-27-27                                              | CUSIP: 42806MAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4177000 | PA      | $4085256.37   | 0.03%             | 2027-12-27      | Fixed         | 2.12%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_23-1                        | HERTZ 2023-1A A 144A 5.49% 06-25-27                                              | CUSIP: 42806MBS7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  19999000 | PA      | $20084915.70  | 0.16%             | 2027-06-25      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| HONDA AUTO RECEIVABLES OWNER TRUST HAROT_23-1                     | HAROT 2023-1 A3 5.04% 04-21-27                                                   | CUSIP: 43815JAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1548355 | PA      | $1552250.28   | 0.01%             | 2027-04-21      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| HAROT 2023-3                                                      | HAROT 2023-3 A3 5.41% 02-18-28                                                   | CUSIP: 43815QAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2083678 | PA      | $2099326.53   | 0.02%             | 2028-02-18      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO LEASE SECURITIZATION TRUST HALST_24-A                | HALST 2024-A A4 144A 5.07% 02-15-28                                              | CUSIP: 448988AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1425000 | PA      | $1431711.75   | 0.01%             | 2028-02-15      | Fixed         | 5.07%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI AUTO LEASE SECURITIZATION TRUST HALST_24-A                | HALST 2024-A A3 144A 5.02% 03-15-27                                              | CUSIP: 448988AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6568168 | PA      | $6584206.97   | 0.05%             | 2027-03-15      | Fixed         | 5.02%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI AUTO RECEIVABLES TRUST 2024-A                             | HART 2024-A A3 4.99% 02-15-29                                                    | CUSIP: 448973AD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5081000 | PA      | $5123009.71   | 0.04%             | 2029-02-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| PRNT 2025-A                                                       | PRNT 2025-A A 144A 4.84% 09-15-29                                                | CUSIP: 45333GAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8501000 | PA      | $8524471.26   | 0.07%             | 2029-09-15      | Fixed         | 4.84%                 | Yes           |                  2 | On Loan: No      |
| PRNT 2025-A                                                       | PRNT 2025-A B 144A 5.24% 09-15-29                                                | CUSIP: 45333GAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    921000 | PA      | $923505.12    | 0.01%             | 2029-09-15      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| POSH 2025-2                                                       | POSH 2025-2 A 144A 5.065% 07-20-33                                               | CUSIP: 69549JAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  22561000 | PA      | $22675384.27  | 0.18%             | 2033-07-20      | Fixed         | 5.07%                 | Yes           |                  2 | On Loan: No      |
| GCAT GCAT_24-NQM1                                                 | GCAT 2024-NQM1 A1 144A 6.007% 01-25-59                                           | CUSIP: 36169HAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    597667 | PA      | $602512.35    | 0.00%             | 2059-01-25      | Variable      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATION TRUST GSMS_24-70P              | GSMS 2024-70P A 144A FRN 03-10-41                                                | CUSIP: 36269JAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14790000 | PA      | $14977833.00  | 0.12%             | 2041-03-10      | Variable      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| GSMBS 2024-RPL2                                                   | GSMBS 2024-RPL2 A1 144A 3.75% 07-25-61                                           | CUSIP: 36269MAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5877398 | PA      | $5770053.31   | 0.05%             | 2061-07-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                          | GNR 2012-H20 PT FRN 07-20-62                                                     | CUSIP: 38375BVS8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-CBDO         | USGA              | US        |    651024 | PA      | $651557.66    | 0.01%             | 2062-07-20      | Variable      | 4.71%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                          | GNR 2014-H08 FT FRN 03-20-64                                                     | CUSIP: 38375UEY2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-CBDO         | USGA              | US        |    315038 | PA      | $315079.13    | 0.00%             | 2064-03-20      | Variable      | 4.24%                 | No            |                  2 | On Loan: No      |
| GWT 2024-WLF2                                                     | GWT 2024-WLF2 A 144A FRN 05-15-41                                                | CUSIP: 362414AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7231000 | PA      | $7249337.82   | 0.06%             | 2041-05-15      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| GCAT 2024-NQM2                                                    | GCAT 2024-NQM2 A1 144A 6.085% 06-25-59                                           | CUSIP: 36831CAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3030819 | PA      | $3063027.05   | 0.02%             | 2059-06-25      | Variable      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.307 767680 06-20-64                                                       | CUSIP: 36176JUD0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7696 | PA      | $7658.37      | 0.00%             | 2064-06-20      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RM FRN AG8149 06-20-64                                                         | CUSIP: 36182DBS3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     19708 | PA      | $19780.18     | 0.00%             | 2064-06-20      | Variable      | 4.34%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                          | GNR 2012-H12 FT FRN 05-20-62                                                     | CUSIP: 38375BRN4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-CBDO         | USGA              | US        |     67373 | PA      | $67476.27     | 0.00%             | 2062-05-20      | Variable      | 4.34%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 5.05 721648 04-20-61                                                        | CUSIP: 3620A7WH4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3505 | PA      | $3470.13      | 0.00%             | 2061-04-20      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.94 710085 09-20-61                                                        | CUSIP: 36297E2S3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1502 | PA      | $1507.13      | 0.00%             | 2061-09-20      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| GSMBS 2025-RPL3                                                   | GSMBS 2025-RPL3 A1 144A 4.1% 07-25-65                                            | CUSIP: 362963AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3149928 | PA      | $3085401.71   | 0.02%             | 2065-07-25      | Variable      | 4.10%                 | Yes           |                  2 | On Loan: No      |
| HOME PARTNERS OF AMERICA TRUST HPA_21-2                           | HPA 2021-2 A 144A 1.901% 12-17-26                                                | CUSIP: 43732VAT3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5057834 | PA      | $4938509.73   | 0.04%             | 2026-12-17      | Fixed         | 1.90%                 | Yes           |                  2 | On Loan: No      |
| HOME PARTNERS OF AMERICA TRUST HPA_22-1                           | HPA 2022-1 A 144A 3.93% 04-17-39                                                 | CUSIP: 43730NAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    277275 | PA      | $275782.91    | 0.00%             | 2039-04-17      | Fixed         | 3.93%                 | Yes           |                  2 | On Loan: No      |
| HTL 2024-T53                                                      | HTL 2024-T53 A 144A FRN 05-10-39                                                 | CUSIP: 404300AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7830000 | PA      | $7926974.55   | 0.06%             | 2039-05-10      | Variable      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| HY 2025-SPRL                                                      | HY 2025-SPRL A 144A FRN 01-13-40                                                 | CUSIP: 44855PAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  15227000 | PA      | $15829182.17  | 0.13%             | 2040-01-13      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| HOME PARTNERS OF AMERICA TRUST HPA_21-2                           | HPA 2021-2 C 144A 2.402% 12-17-26                                                | CUSIP: 43732VAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8819684 | PA      | $8590918.87   | 0.07%             | 2026-12-17      | Fixed         | 2.40%                 | Yes           |                  2 | On Loan: No      |
| HHT 2025-MAUI                                                     | HHT 2025-MAUI A 144A FRN 03-15-42                                                | CUSIP: 419909AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8709000 | PA      | $8728064.00   | 0.07%             | 2042-03-15      | Variable      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| HHT 2025-MAUI                                                     | HHT 2025-MAUI B 144A FRN 03-15-42                                                | CUSIP: 419909AC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1617000 | PA      | $1619658.35   | 0.01%             | 2042-03-15      | Variable      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_19-HY3                             | TPMT 2019-HY3 A1A 144A FRN 10-25-59                                              | CUSIP: 89177XAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    847198 | PA      | $848470.86    | 0.01%             | 2059-10-25      | Variable      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| TPMT 2015-5                                                       | TPMT 2015-5 B1 144A FRN 05-25-55                                                 | CUSIP: 89171VAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  19970000 | PA      | $19766186.18  | 0.16%             | 2055-05-25      | Variable      | 3.99%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_16-3                               | TPMT 2016-3 B1 144A FRN 04-25-56                                                 | CUSIP: 89172YAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1788000 | PA      | $1770983.60   | 0.01%             | 2056-04-25      | Variable      | 4.08%                 | Yes           |                  2 | On Loan: No      |
| AOMT 2024-8                                                       | AOMT 2024-8 A1 144A 5.338% 05-27-69                                              | CUSIP: 03465QAA2<br>LEI: 254900BM1HTLL3SKQ481 | Long             | ABS-CBDO         | CORP              | US        |   4898325 | PA      | $4917109.73   | 0.04%             | 2069-05-27      | Variable      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| ATLX 2024-RPL1                                                    | ATLX 2024-RPL1 A1 144A 3.85% 04-25-64                                            | CUSIP: 049915AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  11493592 | PA      | $11244410.73  | 0.09%             | 2064-04-25      | Variable      | 3.85%                 | Yes           |                  2 | On Loan: No      |
| AHPT 2024-ATRM                                                    | AHPT 2024-ATRM A 144A FRN 11-10-29                                               | CUSIP: 04963XAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7479000 | PA      | $7655975.58   | 0.06%             | 2029-11-10      | Variable      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA4919 02-01-53                                                    | CUSIP: 31418EPD6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    475550 | PA      | $482522.17    | 0.00%             | 2053-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA4942 03-01-53                                                    | CUSIP: 31418EP46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    313588 | PA      | $322703.26    | 0.00%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8324 05-01-53                                                    | CUSIP: 3132DWG98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1170252 | PA      | $1190381.26   | 0.01%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA5010 05-01-53                                                    | CUSIP: 31418ER85<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     78844 | PA      | $80199.92     | 0.00%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA4980 04-01-53                                                    | CUSIP: 31418ERA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     44379 | PA      | $45701.32     | 0.00%             | 2053-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8325 05-01-53                                                    | CUSIP: 3132DWHA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2560729 | PA      | $2630573.05   | 0.02%             | 2053-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA5039 06-01-53                                                    | CUSIP: 31418ES50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    818650 | PA      | $832329.15    | 0.01%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB6491 06-01-53                                                    | CUSIP: 3140QSF97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   4774527 | PA      | $4990879.83   | 0.04%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 QG3376 05-01-53                                                    | CUSIP: 3133C3XD3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    199509 | PA      | $206205.48    | 0.00%             | 2053-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 QF0924 09-01-52                                                    | CUSIP: 3133BNAZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     22858 | PA      | $23235.47     | 0.00%             | 2052-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ1963 07-01-54                                                    | CUSIP: 3142GSFD5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    549925 | PA      | $559757.14    | 0.00%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS8318 07-01-54                                                    | CUSIP: 3140XQG43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    763657 | PA      | $792769.53    | 0.01%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 FS8317 07-01-54                                                    | CUSIP: 3140XQG35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1516285 | PA      | $1590770.48   | 0.01%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8454 08-01-54                                                    | CUSIP: 3132DWMB6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3637237 | PA      | $3726284.29   | 0.03%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5445 08-01-54                                                    | CUSIP: 31418FBP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   7015274 | PA      | $7187070.81   | 0.06%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DB6878 06-01-54                                                    | CUSIP: 3140AGUC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1700626 | PA      | $1743317.33   | 0.01%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DB6901 07-01-54                                                    | CUSIP: 3140AGU36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1056718 | PA      | $1083239.35   | 0.01%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 DB5213 07-01-54                                                    | CUSIP: 3140AEYK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1488237 | PA      | $1509775.86   | 0.01%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 FS4840 05-01-53                                                    | CUSIP: 3140XLLW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    241294 | PA      | $244739.69    | 0.00%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 FS6838 11-01-53                                                    | CUSIP: 3140XNS47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1379175 | PA      | $1401535.62   | 0.01%             | 2053-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD3512 08-01-53                                                    | CUSIP: 3132DQ3V6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    153396 | PA      | $157621.48    | 0.00%             | 2053-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD5873 07-01-54                                                    | CUSIP: 3132DTQ29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    542026 | PA      | $556790.20    | 0.00%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RJ1986 07-01-54                                                    | CUSIP: 3142GSF45<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     22649 | PA      | $23515.32     | 0.00%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DC0296 08-01-54                                                    | CUSIP: 3140AMKJ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    121730 | PA      | $126370.72    | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 MA5446 08-01-54                                                    | CUSIP: 31418FBQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1020825 | PA      | $1058071.95   | 0.01%             | 2054-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 SD8455 08-01-54                                                    | CUSIP: 3132DWMC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   5953990 | PA      | $6171232.91   | 0.05%             | 2054-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DB7687 08-01-54                                                    | CUSIP: 3140AHRH7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    146249 | PA      | $151103.77    | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DB7039 07-01-54                                                    | CUSIP: 3140AGZD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    309419 | PA      | $318745.31    | 0.00%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DB7690 08-01-54                                                    | CUSIP: 3140AHRL8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    130241 | PA      | $134673.43    | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 QI3333 04-01-54                                                    | CUSIP: 3133W9V24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    168067 | PA      | $174358.53    | 0.00%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD5692 05-01-54                                                    | CUSIP: 3132DTKD1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    239556 | PA      | $248661.86    | 0.00%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ2212 08-01-54                                                    | CUSIP: 3142GSN61<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3533182 | PA      | $3667877.09   | 0.03%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 CB8977 08-01-54                                                    | CUSIP: 3140QU6P6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    350793 | PA      | $351365.37    | 0.00%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 SD4693 01-01-54                                                    | CUSIP: 3132DSGA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1796637 | PA      | $1868884.89   | 0.02%             | 2054-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCI UMBS 6.0 MA5477 09-01-39                                                    | CUSIP: 31418FCP0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   4480161 | PA      | $4641653.27   | 0.04%             | 2039-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DB5214 07-01-54                                                    | CUSIP: 3140AEYL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2568448 | PA      | $2631341.10   | 0.02%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DB2495 05-01-54                                                    | CUSIP: 3140ABXZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1099493 | PA      | $1127705.55   | 0.01%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ2314 09-01-54                                                    | CUSIP: 3142GSSC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2610640 | PA      | $2682414.04   | 0.02%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ2309 09-01-54                                                    | CUSIP: 3142GSR75<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    770498 | PA      | $791720.12    | 0.01%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ2306 09-01-54                                                    | CUSIP: 3142GSR42<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1268355 | PA      | $1317773.69   | 0.01%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ2308 09-01-54                                                    | CUSIP: 3142GSR67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1316277 | PA      | $1366457.25   | 0.01%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ2312 09-01-54                                                    | CUSIP: 3142GSSA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1407095 | PA      | $1451011.57   | 0.01%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 FS6767 01-01-54                                                    | CUSIP: 3140XNQV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   7432030 | PA      | $7780049.84   | 0.06%             | 2054-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RJ0326 11-01-53                                                    | CUSIP: 3142GQLG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2490841 | PA      | $2591070.35   | 0.02%             | 2053-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS8756 08-01-54                                                    | CUSIP: 3140XQWS2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    491944 | PA      | $507297.67    | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD6029 08-01-54                                                    | CUSIP: 3132DTVW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    735246 | PA      | $758193.49    | 0.01%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 BU4916 08-01-54                                                    | CUSIP: 3140M6PA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    568321 | PA      | $583974.34    | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD5813 07-01-54                                                    | CUSIP: 3132DTN63<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1231803 | PA      | $1272655.54   | 0.01%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5615 02-01-55                                                    | CUSIP: 31418FGZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  14480967 | PA      | $14835605.98  | 0.12%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5647 03-01-55                                                    | CUSIP: 31418FHZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    855569 | PA      | $876521.96    | 0.01%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5674 04-01-55                                                    | CUSIP: 31418FJU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3959222 | PA      | $4056183.08   | 0.03%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8525 04-01-55                                                    | CUSIP: 3132DWPJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  22058244 | PA      | $22598450.72  | 0.18%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DC7823 12-01-54                                                    | CUSIP: 3140AVVR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     42940 | PA      | $44007.87     | 0.00%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 FA0608 02-01-55                                                    | CUSIP: 3140W0VA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    900101 | PA      | $912166.60    | 0.01%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5701 05-01-55                                                    | CUSIP: 31418FKP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   7513014 | PA      | $7697007.47   | 0.06%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FASST 2025-PC1                                                    | FASST 2025-PC1 A1 144A 4.5% 05-25-75                                             | CUSIP: 316929AA6<br>LEI: 254900FJW75GV74X3O58 | Long             | ABS-CBDO         | CORP              | US        |  14790687 | PA      | $14382804.52  | 0.12%             | 2075-05-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 SL1094 04-01-55                                                    | CUSIP: 31427NGC7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1555295 | PA      | $1557074.09   | 0.01%             | 2055-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QY1332 04-01-55                                                    | CUSIP: 31426KPS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1552472 | PA      | $1562785.47   | 0.01%             | 2055-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 CB9472 11-01-54                                                    | CUSIP: 3140QVQ23<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    489256 | PA      | $490268.31    | 0.00%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QI2014 03-01-54                                                    | CUSIP: 3133W8GX5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    934400 | PA      | $936704.62    | 0.01%             | 2054-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 SD5872 06-01-54                                                    | CUSIP: 3132DTQZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1642070 | PA      | $1644465.45   | 0.01%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 DD8552 04-01-55                                                    | CUSIP: 3140B9QE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1268328 | PA      | $1276655.51   | 0.01%             | 2055-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 DC8341 12-01-54                                                    | CUSIP: 3140AWHT9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1356093 | PA      | $1359701.61   | 0.01%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 DB8675 07-01-54                                                    | CUSIP: 3140AJT99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1757860 | PA      | $1761800.75   | 0.01%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QY1360 04-01-55                                                    | CUSIP: 31426KQN9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    873373 | PA      | $873040.63    | 0.01%             | 2055-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QJ9769 12-01-54                                                    | CUSIP: 3133D12A6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    247650 | PA      | $248083.09    | 0.00%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 DC9775 01-01-55                                                    | CUSIP: 3140AX2H9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    183874 | PA      | $183807.98    | 0.00%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QY2240 05-01-55                                                    | CUSIP: 31426LP24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1531468 | PA      | $1538505.26   | 0.01%             | 2055-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QJ8234 11-01-54                                                    | CUSIP: 3133D0EF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1809210 | PA      | $1813224.80   | 0.01%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QX9882 03-01-55                                                    | CUSIP: 31426G6U4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1277554 | PA      | $1286435.32   | 0.01%             | 2055-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 DD0990 02-01-55                                                    | CUSIP: 3140B1C46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1095170 | PA      | $1095020.96   | 0.01%             | 2055-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 DC2697 10-01-54                                                    | CUSIP: 3140AP7K4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1377309 | PA      | $1380248.60   | 0.01%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QX2561 12-01-54                                                    | CUSIP: 31425WZ38<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1790943 | PA      | $1790262.91   | 0.01%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QY3688 05-01-55                                                    | CUSIP: 31426NC24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1104767 | PA      | $1106380.39   | 0.01%             | 2055-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QX4072 01-01-55                                                    | CUSIP: 31425YQ26<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1773095 | PA      | $1772078.76   | 0.01%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QY1328 04-01-55                                                    | CUSIP: 31426KPN0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3108315 | PA      | $3113092.53   | 0.02%             | 2055-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QY2231 05-01-55                                                    | CUSIP: 31426LPR9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     44882 | PA      | $44979.30     | 0.00%             | 2055-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8515 03-01-55                                                    | CUSIP: 3132DWN82<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    141678 | PA      | $143577.12    | 0.00%             | 2055-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SL0796 04-01-55                                                    | CUSIP: 31427M3E9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   4216078 | PA      | $4318988.37   | 0.03%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DC7035 12-01-54                                                    | CUSIP: 3140AUY98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2421594 | PA      | $2480896.59   | 0.02%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 QX4065 01-01-55                                                    | CUSIP: 31425YQT7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1433203 | PA      | $1468885.60   | 0.01%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DD0835 01-01-55                                                    | CUSIP: 3140B04V7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2245893 | PA      | $2300895.30   | 0.02%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5736 06-01-55                                                    | CUSIP: 31418FLS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    115460 | PA      | $118260.73    | 0.00%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8534 05-01-55                                                    | CUSIP: 3132DWPT4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  22888419 | PA      | $23453602.56  | 0.19%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 QJ5643 09-01-54                                                    | CUSIP: 3133CWHU9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   6670000 | PA      | $6913374.86   | 0.06%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 QY2186 04-01-55                                                    | CUSIP: 31426LNC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    715967 | PA      | $742131.99    | 0.01%             | 2055-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 FS8790 07-01-54                                                    | CUSIP: 3140XQXU6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   8974943 | PA      | $9302411.39   | 0.07%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 FS8786 07-01-54                                                    | CUSIP: 3140XQXQ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     64472 | PA      | $67303.63     | 0.00%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 QG5777 06-01-53                                                    | CUSIP: 3133C6M22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    119406 | PA      | $123920.51    | 0.00%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 QX8785 03-01-55                                                    | CUSIP: 31426FXP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    601863 | PA      | $627800.10    | 0.01%             | 2055-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCI UMBS 6.0 QO2528 09-01-39                                                    | CUSIP: 3133WLYZ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    176916 | PA      | $183684.74    | 0.00%             | 2039-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCI UMBS 6.0 DC9263 12-01-39                                                    | CUSIP: 3140AXJH1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    561575 | PA      | $584059.18    | 0.00%             | 2039-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCI UMBS 6.0 FA0743 03-01-40                                                    | CUSIP: 3140W0ZH1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   9983133 | PA      | $10343074.37  | 0.08%             | 2040-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCI UMBS 6.0 MA5662 03-01-40                                                    | CUSIP: 31418FJG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   8965974 | PA      | $9289269.28   | 0.07%             | 2040-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCI UMBS 6.0 SB8386 05-01-40                                                    | CUSIP: 3132D6J76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   4876350 | PA      | $5052205.73   | 0.04%             | 2040-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCI UMBS 6.0 SB1452 04-01-40                                                    | CUSIP: 3132CXTH5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   6515915 | PA      | $6750839.72   | 0.05%             | 2040-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCI UMBS 6.0 RR0004 06-01-40                                                    | CUSIP: 3142JCAE0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1605349 | PA      | $1663475.36   | 0.01%             | 2040-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCI UMBS 6.0 MA5747 06-01-40                                                    | CUSIP: 31418FL54<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    887397 | PA      | $919223.44    | 0.01%             | 2040-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCI UMBS 6.0 SB8380 04-01-40                                                    | CUSIP: 3132D6JZ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    152790 | PA      | $158300.09    | 0.00%             | 2040-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCI UMBS 6.0 DC3296 09-01-39                                                    | CUSIP: 3140AQUW0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     83958 | PA      | $87345.14     | 0.00%             | 2039-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCI UMBS 6.0 SB8373 03-01-40                                                    | CUSIP: 3132D6JS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    610584 | PA      | $632656.48    | 0.01%             | 2040-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCI UMBS 6.0 DC3297 09-01-39                                                    | CUSIP: 3140AQUX8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    612472 | PA      | $636356.95    | 0.01%             | 2039-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCI UMBS 6.0 QO1940 03-01-39                                                    | CUSIP: 3133WLEM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    559282 | PA      | $579851.95    | 0.00%             | 2039-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2SF 5.0 MA9170 09-20-53                                                         | CUSIP: 36179YFK5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  16935957 | PA      | $16985494.27  | 0.14%             | 2053-09-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2SF 5.0 MA9240 10-20-53                                                         | CUSIP: 36179YHR8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  17154557 | PA      | $17220618.78  | 0.14%             | 2053-10-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IMPERIAL FUND MORTGAGE TRUST IMPRL_22-NQM7                        | IMPRL 2022-NQM7 A1 144A 7.369% 11-25-67                                          | CUSIP: 452763AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8504549 | PA      | $8541067.99   | 0.07%             | 2067-11-25      | Variable      | 7.37%                 | Yes           |                  2 | On Loan: No      |
| IMPERIAL FUND MORTGAGE TRUST IMPRL_23-NQM1                        | IMPRL 2023-NQM1 A1 144A 5.941% 02-25-68                                          | CUSIP: 45290BAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13915788 | PA      | $13903736.59  | 0.11%             | 2068-02-25      | Variable      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| INTOWN MORTGAGE TRUST TOWN_25-STAY                                | TOWN 2025-STAY A 144A FRN 03-15-42                                               | CUSIP: 46117WAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9982000 | PA      | $9988747.83   | 0.08%             | 2042-03-15      | Variable      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST JPMBB_14-C26           | JPMBB 2014-C26 B 3.9508% 01-15-48                                                | CUSIP: 46643TBF8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1261492 | PA      | $1215558.68   | 0.01%             | 2048-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| JPMDB 2016-C4                                                     | JPMDB 2016-C4 A3 3.1413% 12-15-49                                                | CUSIP: 46646RAJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2675000 | PA      | $2628323.93   | 0.02%             | 2049-12-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST JPMCC_16-JP4  | JPMCC 2016-JP4 A4 FRN 12-15-49                                                   | CUSIP: 46645UAT4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2738000 | PA      | $2713511.33   | 0.02%             | 2049-12-15      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| JPMCC 2017-JP5                                                    | JPMCC 2017-JP5 A5 3.7232% 03-15-50                                               | CUSIP: 46647TAS7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2145000 | PA      | $2130197.36   | 0.02%             | 2050-03-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| JPMDB COMMERCIAL MORTGAGE SECURITIES TRUST JPMDB_17-C7            | JPMDB 2017-C7 A5 3.4092% 10-15-50                                                | CUSIP: 46648KAU0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $245825.75    | 0.00%             | 2050-10-15      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST JPMCC_22-OPO | JPMCC 2022-OPO A 144A 3.0242% 01-05-39                                           | CUSIP: 46655AAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7510000 | PA      | $6772277.68   | 0.05%             | 2039-01-05      | Fixed         | 3.02%                 | Yes           |                  2 | On Loan: No      |
| JW 2024-BERY                                                      | JW 2024-BERY A 144A FRN 11-15-39                                                 | CUSIP: 46676AAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4950000 | PA      | $4958568.45   | 0.04%             | 2039-11-15      | Variable      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| KSL 2024-HT2                                                      | KSL 2024-HT2 A 144A FRN 12-15-39                                                 | CUSIP: 500937AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7733277 | PA      | $7741814.26   | 0.06%             | 2039-12-15      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| LEGACY MORTGAGE ASSET TRUST LMAT_21-GS2                           | LMAT 2021-GS2 A1 144A 5.75% 04-25-61                                             | CUSIP: 52476DAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1785882 | PA      | $1787309.06   | 0.01%             | 2061-04-25      | Variable      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| LEGACY MORTGAGE ASSET TRUST LMAT_21-GS5                           | LMAT 2021-GS5 A1 144A 6.25% 07-25-67                                             | CUSIP: 52475XAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5160962 | PA      | $5168868.12   | 0.04%             | 2067-07-25      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| LV TRUST LV_24-SHOW                                               | LV 2024-SHOW A 144A FRN 10-10-41                                                 | CUSIP: 50245XAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10198000 | PA      | $10404927.62  | 0.08%             | 2041-10-10      | Variable      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| MSBAM 2017-C34                                                    | MSBAM 17-C34 ASB 3.354% 11-15-52/06-17-27                                        | CUSIP: 61767EAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    489783 | PA      | $485756.15    | 0.00%             | 2052-11-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE TRUST MCMLT_19-GS2                             | MCMLT 2019-GS2 A1 144A FRN 08-25-59                                              | CUSIP: 59981TAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2122563 | PA      | $2071075.53   | 0.02%             | 2059-08-25      | Variable      | 2.75%                 | Yes           |                  2 | On Loan: No      |
| MFA 2020-NQM1 TRUST                                               | MFRA 2020-NQM1 A1 144A FRN 03-25-65                                              | CUSIP: 552754AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    822119 | PA      | $801065.88    | 0.01%             | 2065-03-25      | Variable      | 2.48%                 | Yes           |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST MCMLT_15-1                          | MCMLT 2015-1 M3 144A FRN 06-25-56                                                | CUSIP: 599809CG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2056480 | PA      | $2042250.76   | 0.02%             | 2056-06-25      | Variable      | 3.70%                 | Yes           |                  2 | On Loan: No      |
| MSRM 2024-NQM2                                                    | MSRM 2024-NQM2 A1 144A 6.386% 05-25-69                                           | CUSIP: 61776HAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13407077 | PA      | $13570066.53  | 0.11%             | 2069-05-25      | Variable      | 6.39%                 | Yes           |                  2 | On Loan: No      |
| MFRA 2024-NQM2                                                    | MFRA 2024-NQM2 A1 144A 5.272% 08-25-69                                           | CUSIP: 58004JAA0<br>LEI: 254900MMVXALAH2X8D73 | Long             | ABS-CBDO         | CORP              | US        |   5333678 | PA      | $5337411.89   | 0.04%             | 2069-08-25      | Variable      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| MFRA 2024-NQM3                                                    | MFRA 2024-NQM3 A1 144A 5.722% 12-25-69                                           | CUSIP: 55287GAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5542792 | PA      | $5580903.94   | 0.04%             | 2069-12-25      | Variable      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| MSBAM 2025-5C1                                                    | MSBAM 25-5C1 AS 6.011% 03-15-30                                                  | CUSIP: 61778GAM8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5060000 | PA      | $5281526.80   | 0.04%             | 2058-03-15      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| MFA TRUST MFRA_25-NQM3                                            | MFRA 2025-NQM3 A1 144A 5.261% 08-25-70                                           | CUSIP: 58004LAA5<br>LEI: 2549007EHG79GWD49I44 | Long             | ABS-CBDO         | CORP              | US        |   7801724 | PA      | $7812233.40   | 0.06%             | 2070-08-25      | Variable      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST NRZT_16-1A                    | NRZT 2016-1A A1 144A FRN 03-25-56                                                | CUSIP: 64829FAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    162185 | PA      | $157979.85    | 0.00%             | 2056-03-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST NRZT_18-RPL1                  | NRZT 2018-RPL1 A1 144A FRN 12-25-57                                              | CUSIP: 64829VAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1142031 | PA      | $1116474.94   | 0.01%             | 2057-12-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST NRZT 19-2A                    | NRZT 2019-2A A1 144A FRN 12-25-57                                                | CUSIP: 64830DAB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    314977 | PA      | $311376.26    | 0.00%             | 2057-12-25      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_17-1                           | SCRT 2017-1 HA 3.0% 01-25-56                                                     | CUSIP: 35563PAP4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   2591450 | PA      | $2475650.84   | 0.02%             | 2056-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_17-2                           | SCRT 2017-2 HA FRN 08-25-56                                                      | CUSIP: 35563PBF5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   4029733 | PA      | $3845586.19   | 0.03%             | 2056-08-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_17-2                           | SCRT 2017-2 MA 3.0% 08-25-56                                                     | CUSIP: 35563PBC2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   4040518 | PA      | $3838084.45   | 0.03%             | 2056-08-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_17-4                           | SCRT 2017-4 M45T 4.5% 06-25-57                                                   | CUSIP: 35563PCS6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   2142501 | PA      | $2103213.55   | 0.02%             | 2057-06-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_17-4                           | SCRT 2017-4 MT 3.5% 06-25-57                                                     | CUSIP: 35563PCM9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |      9387 | PA      | $8616.56      | 0.00%             | 2057-06-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_17-4                           | SCRT 2017-4 HT FRN 06-25-57                                                      | CUSIP: 35563PDD8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     12021 | PA      | $11040.16     | 0.00%             | 2057-06-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| SEASONED LOAN STRUCTURED TRANSACTION SLST_18-1                    | SLST 2018-1 A1 3.5% 06-25-28                                                     | CUSIP: 35564CAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   8552528 | PA      | $8375320.09   | 0.07%             | 2028-06-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_19-2                           | SCRT 2019-2 MA 3.5% 08-26-58                                                     | CUSIP: 35563PKG3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   5975609 | PA      | $5812122.60   | 0.05%             | 2058-08-26      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC - SLST SLST_19-1                                      | SLST 2019-1 A1 3.5% 05-25-29                                                     | CUSIP: 35564CBB2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   1426409 | PA      | $1404545.41   | 0.01%             | 2029-05-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_19-1                           | SCRT 2019-1 MA 3.5% 07-25-58                                                     | CUSIP: 35563PJF7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    759661 | PA      | $741104.90    | 0.01%             | 2058-07-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_19-4                           | SCRT 2019-4 MA 3.0% 02-25-59                                                     | CUSIP: 35563PML0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   1205312 | PA      | $1136156.11   | 0.01%             | 2059-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MANHATTAN WEST OMW_20-OMW                                         | OMW 2020-1MW A 144A 2.13% 09-10-39                                               | CUSIP: 563136AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6622000 | PA      | $6350352.32   | 0.05%             | 2039-09-10      | Fixed         | 2.13%                 | Yes           |                  2 | On Loan: No      |
| SREIT TRUST SREIT_21-MFP                                          | SREIT 2021-MFP A 144A FRN 11-15-38                                               | CUSIP: 78472UAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3629667 | PA      | $3627834.19   | 0.03%             | 2038-11-15      | Variable      | 4.80%                 | Yes           |                  2 | On Loan: No      |
| STORAGEMART COMMERCIAL MORTGAGE TRUST SMRT_22-MINI                | SMRT 2022-MINI A 144A FRN 01-15-39                                               | CUSIP: 78457JAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  16312000 | PA      | $16291707.87  | 0.13%             | 2039-01-15      | Variable      | 4.96%                 | Yes           |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_22-DNA2                       | STACR 2022-DNA2 M1A 144A FRN 02-25-42                                            | CUSIP: 35564KRE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    165991 | PA      | $166062.49    | 0.00%             | 2042-02-25      | Variable      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC - STACR 2016-DNA1                                     | STACR 2016-DNA1 M3 FRN 07-25-28                                                  | CUSIP: 3137G0HW2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2121281 | PA      | $2137111.74   | 0.02%             | 2028-07-25      | Variable      | 9.74%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST STACR_22-DNA5                       | STACR 2022-DNA5 M1A 144A FRN 06-25-42                                            | CUSIP: 35564KYN3<br>LEI: 5493000IS349P4O9HR58 | Long             | ABS-CBDO         | CORP              | US        |   4180587 | PA      | $4264955.91   | 0.03%             | 2042-06-25      | Variable      | 7.02%                 | Yes           |                  2 | On Loan: No      |
| SFO COMMERICAL MORTGAGE TRUST SFO_21-555                          | SFO 2021-555 A 144A 5.01548% 05-15-38                                            | CUSIP: 78432WAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  15780000 | PA      | $15698559.42  | 0.13%             | 2038-05-15      | Variable      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| SFO COMMERICAL MORTGAGE TRUST SFO_21-555                          | SFO 2021-555 B 144A FRN 05-15-38                                                 | CUSIP: 78432WAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $496896.00    | 0.00%             | 2038-05-15      | Variable      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| SDR 2024-DSNY                                                     | SDR 2024-DSNY A 144A FRN 05-15-39                                                | CUSIP: 811304AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6371000 | PA      | $6379059.32   | 0.05%             | 2039-05-15      | Variable      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| STAR 2024-SFR4                                                    | STAR 2024-SFR4 A 144A FRN 10-17-41                                               | CUSIP: 85520AAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4394280 | PA      | $4411861.22   | 0.04%             | 2041-10-17      | Variable      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| STAR 2025-SFR5                                                    | STAR 2025-SFR5 A 144A FRN 02-17-42                                               | CUSIP: 85520CAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2335917 | PA      | $2342240.41   | 0.02%             | 2042-02-17      | Variable      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| SWCH 2025-DATA                                                    | SWCH 2025-DATA A 144A FRN 02-15-42                                               | CUSIP: 78489CAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  20328000 | PA      | $20176109.18  | 0.16%             | 2042-02-15      | Variable      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_18-DNA3                       | STACR 2018-DNA3 M2 144A FRN 09-25-48                                             | CUSIP: 35563WAH7<br>LEI: 549300BL200YC56BUV20 | Long             | ABS-CBDO         | CORP              | US        |   2162256 | PA      | $2209029.83   | 0.02%             | 2048-09-25      | Variable      | 6.29%                 | Yes           |                  2 | On Loan: No      |
| STAR 2025-SFR6                                                    | STAR 2025-SFR6 A 144A FRN 08-17-42                                               | CUSIP: 85520EAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12000000 | PA      | $12028836.00  | 0.10%             | 2042-08-17      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| STACR 2025-DNA3                                                   | STACR 2025-DNA3 A1 144A FRN 09-25-45                                             | CUSIP: 35564UAQ0<br>LEI: 5299009HC4IGFM6RXF30 | Long             | ABS-CBDO         | CORP              | US        |   2296775 | PA      | $2298952.34   | 0.02%             | 2045-09-25      | Variable      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| SEMT 2025-HYB1                                                    | SEMT 2025-HYB1 A1A 144A FRN 10-25-55                                             | CUSIP: 816938AB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  15882346 | PA      | $16014963.64  | 0.13%             | 2055-10-25      | Variable      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_17-6                               | TPMT 2017-6 A1 144A FRN 10-25-57                                                 | CUSIP: 89175JAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1260614 | PA      | $1243701.56   | 0.01%             | 2057-10-25      | Variable      | 2.75%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMP_20-4                               | TPMT 2020-4 A1 144A 1.75% 10-25-60                                               | CUSIP: 89179JAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2489683 | PA      | $2287675.02   | 0.02%             | 2060-10-25      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** Short-Term Bond Fund of America

**Signature:** Scott Lewis

**Name of Signer:** Scott Lewis

**Title:** Compliance Specialist Senior