# EDGAR Filing Document

**Accession Number:** 0002042316
**File Stem:** 0001004726-26-004391
**Filing Date:** 2026-5
**Character Count:** 902334
**Document Hash:** 2a8daa50811057ef198c8c5d951a1be6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-004391.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001004726-26-004391

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Victory Portfolios IV
- **CENTRAL INDEX KEY:** 0002042316

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24019
- **FILM NUMBER:** 261035273

**BUSINESS ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256
- **BUSINESS PHONE:** (210) 697-3624

**MAIL ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256

## Series and Classes Contracts Data

### Victory Pioneer Bond Fund (Series ID: S000089752)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000256465 | Class R      | PBFRX           |
| C000256466 | Class Y      | PICYX           |
| C000256467 | Class R6     | PBFKX           |
| C000256468 | Class A      | PIOBX           |
| C000256469 | Class C      | PCYBX           |

## Nport-Ex

Schedule

of

Portfolio

Investments

March

31,

2026

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Security

Description

Principal

Amount

(000) a

Value

(000) Asset-Backed

Securities

(9.0%)

ABS

Auto

(4.3%):

ACM

Auto

Trust,

Series

2024-2A,

Class

A,

6.06%,

2/20/29,

Callable

8/20/26

@

100(a)

.....

$

$

Ally

Bank

Auto

Credit-Linked

Notes

.........................................

Series

2024-A,

Class

D,

6.32%,

5/17/32,

Callable

1/15/28

@

100(a)

...............

1,433

1,453

Series

2024-A,

Class

E,

7.92%,

5/17/32,

Callable

1/15/28

@

100(a)

...............

507

Series

2024-B,

Class

E,

6.68%,

9/15/32,

Callable

6/15/28

@

100(a)

...............

2,041

2,052

American

Credit

Acceptance

Receivables

Trust

.................................

Series

2023-4,

Class

E,

9.79%,

8/12/31,

Callable

6/12/27

@

100(a)

...............

9,190

9,657

Series

2024-3,

Class

D,

6.04%,

7/12/30,

Callable

2/12/28

@

100(a)

...............

2,330

2,366

Series

2025-2,

Class

D,

5.50%,

8/12/31,

Callable

9/12/28

@

100(a)

...............

6,720

6,780

Series

2025-4,

Class

D,

5.25%,

9/12/31,

Callable

11/12/28

@

100(a)

..............

3,100

3,107

Avis

Budget

Rental

Car

Funding

AESOP

LLC

..................................

Series

2022-5A,

Class

C,

6.24%,

4/20/27(a)

................................

610

610

Series

2024-1A,

Class

B,

5.85%,

6/20/30,

Callable

6/20/29

@

100(a)

..............

2,660

2,721

Series

2024-1A,

Class

C,

6.48%,

6/20/30,

Callable

6/20/29

@

100(a)

..............

1,000

1,026

Drive

Auto

Receivables

Trust

..............................................

Series

2024-2,

Class

D,

4.94%,

5/17/32,

Callable

4/15/28

@

.................

8,720

8,741

Series

2025-1,

Class

D,

5.41%,

9/15/32,

Callable

12/15/28

@

................

15,770

15,847

Exeter

Automobile

Receivables

Trust

.........................................

Series

2023-5A,

Class

D,

7.13%,

2/15/30,

Callable

9/15/28

@

................

11,290

11,576

Series

2024-3A,

Class

D,

5.98%,

9/16/30,

Callable

3/15/29

@

................

7,480

7,648

Series

2024-4A,

Class

D,

5.81%,

12/16/30,

Callable

5/15/29

@

...............

25,070

25,573

Series

2024-5A,

Class

D,

5.06%,

2/18/31,

Callable

3/15/29

@

................

6,500

6,501

Series

2025-3A,

Class

D,

5.57%,

10/15/31,

Callable

9/15/29

@

...............

15,080

15,182

GLS

Auto

Receivables

Issuer

Trust

..........................................

Series

2023-4A,

Class

D,

7.18%,

8/15/29,

Callable

6/15/28

@

100(a)

..............

4,662

4,796

Series

2024-2A,

Class

D,

6.19%,

2/15/30,

Callable

12/15/28

@

100(a)

.............

5,210

5,322

Series

2024-3A,

Class

D,

5.53%,

2/18/31,

Callable

1/15/29

@

100(a)

..............

16,850

17,056

Series

2024-4A,

Class

D,

5.28%,

10/15/31,

Callable

3/15/29

@

100(a)

.............

2,068

2,069

Series

2025-2A,

Class

D,

5.59%,

1/15/31,

Callable

8/15/29

@

100(a)

..............

2,730

2,769

Hertz

Vehicle

Financing

III

LLC

............................................

Series

2024-1A,

Class

C,

6.70%,

1/25/29,

Callable

1/25/28

@

100(a)

..............

3,150

3,197

Series

2024-2A,

Class

C,

6.70%,

1/27/31,

Callable

1/25/30

@

100(a)

..............

4,585

4,698

Huntington

Bank

Auto

Credit-Linked

Notes,

Series

2024-1,

Class

C,

6.82%

(SOFR30A+315bps),

5/20/32,

Callable

11/20/27

@

100(a)(b)

...................

698

704

Merchants

Fleet

Funding

LLC

..............................................

Series

2024-1A,

Class

C,

6.18%,

4/20/37,

Callable

2/20/27

@

100(a)

..............

7,560

7,629

Series

2024-1A,

Class

D,

6.85%,

4/20/37,

Callable

2/20/27

@

100(a)

..............

5,270

5,335

Series

2025-1A,

Class

A,

4.49%,

1/20/39,

Callable

6/20/29

@

100(a)

..............

4,490

4,497

Prestige

Auto

Receivables

Trust

............................................

Series

2024-2A,

Class

D,

5.15%,

7/15/30,

Callable

11/15/28

@

100(a)

.............

4,850

4,812

Series

2025-1A,

Class

D,

6.02%,

7/15/31,

Callable

3/15/29

@

100(a)

..............

4,400

4,389

Santander

Bank

Auto

Credit-Linked

Notes,

Series

2024-A,

Class

E,

7.76%,

6/15/32,

Callable

9/15/28

@

100(a)

...................................................

2,260

2,295

Santander

Drive

Auto

Receivables

Trust

.......................................

Series

2024-2,

Class

D,

6.28%,

8/15/31,

Callable

4/15/28

@

.................

5,080

5,224

Series

2024-4,

Class

D,

5.32%,

12/15/31,

Callable

4/15/28

@

................

12,410

12,515

Tricolor

Auto

Securitization

Trust

...........................................

Series

2024-2A,

Class

C,

6.93%,

4/17/28,

Callable

4/17/28

@

100(a)(c)

............

3,330

2,031

Series

2024-3A,

Class

C,

5.73%,

12/15/28,

Callable

10/15/27

@

100(a)(c)

..........

1,870

710

Veros

Auto

Receivables

Trust,

Series

2026-1,

Class

A,

4.53%,

8/15/28(a)

...............

2,610

2,610

VStrong

Auto

Receivables

Trust,

Series

2023-A,

Class

D,

9.31%,

2/15/30,

Callable

10/15/28

@

100(a)

...........................................................

2,670

2,890

Westlake

Automobile

Receivables

Trust,

Series

2024-2A,

Class

D,

5.91%,

4/15/30,

Callable

1/15/28

@

100(a)

...................................................

8,730

8,904

225,830

ABS

Card

(0.3%):

Continental

Finance

Credit

Card

ABS

Master

Trust

...............................

Series

2022-A,

Class

A,

6.19%,

10/15/30(a)

................................

1,824

1,826

Series

2024-A,

Class

A,

5.78%,

12/15/32(a)

................................

1,890

1,897

Mission

Lane

Credit

Card

Master

Trust

.......................................

Series

2024-B,

Class

A,

5.88%,

1/15/30(a)

.................................

8,010

8,023

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

Security

Description

Principal

Amount

(000) a

Value

(000) Series

2024-B,

Class

B,

6.32%,

1/15/30(a)

.................................

$

5,200

$

5,216

16,962

ABS

Home

(0.5%):

GS

Mortgage-Backed

Securities

Trust,

Series

2025-CES1,

Class

A1A,

5.57%,

5/25/55,

Callable

3/25/28

@

100(a)(d)

..........................................

5,626

5,641

Saluda

Grade

Alternative

Mortgage

Trust,

Series

2024-CES1,

Class

A1,

6.31%,

3/25/54,

Callable

11/25/29

@

100(a)(d)

.........................................

5,779

5,842

Towd

Point

Mortgage

Trust,

Series

2024-CES2,

Class

A1A,

6.13%,

2/25/64,

Callable

2/25/27

@

100(a)(d)

.......................................................

5,788

5,811

Vista

Point

Securitization

Trust,

Series

2024-CES1,

Class

A1,

6.68%,

5/25/54,

Callable

5/25/27

@

100(a)(d)

.......................................................

5,846

5,907

23,201

ABS

Other

(3.9%):

Henderson

Receivables

I

LLC,

Series

2005-1A,

Class

A1,

4.02%

(TSFR1M+34bps),

11/15/40,

Callable

4/15/26

@

100(a)(b)

...................................

Henderson

Receivables

III

LLC,

Series

2008-1A,

Class

B,

8.37%,

1/15/46,

Callable

10/15/26

@

100(a)

..................................................

500

509

Accelerated

Assets

LLC

..................................................

Series

2021-1H,

Class

C,

2.35%,

10/20/40,

Callable

5/15/28

@

100(a)

.............

739

693

Series

2024-HE2,

Class

A,

5.35%,

10/25/39,

Callable

2/25/30

@

100(a)

............

4,299

4,306

Amur

Equipment

Finance

Receivables

XII

LLC,

Series

2023-1A,

Class

C,

6.36%,

12/20/29,

Callable

6/20/27

@

100(a)

............................................

3,500

3,574

Amur

Equipment

Finance

Receivables

XIII

LLC,

Series

2024-1A,

Class

C,

5.55%,

1/21/31,

Callable

1/20/28

@

100(a)

............................................

1,110

1,126

Aqua

Finance

Trust

.....................................................

Series

2019-A,

Class

C,

4.01%,

7/16/40,

Callable

5/15/26

@

100(a)

...............

2,027

1,984

Series

2020-AA,

Class

C,

3.97%,

7/17/46,

Callable

6/17/26

@

100(a)

.............

1,351

1,305

Blackbird

Capital

II

Aircraft

Lease

Ltd.,

Series

2021-1A,

Class

A,

2.44%,

7/15/46,

Callable

7/15/28

@

100(a)

...................................................

5,918

5,610

Cascade

MH

Asset

Trust

..................................................

Series

2019-MH1,

Class

A,

4.00%,

11/25/44,

Callable

4/25/26

@

100(a)(d)

.........

3,903

3,750

Series

2021-MH1,

Class

M1,

2.99%,

2/25/46,

Callable

4/25/38

@

100(a)

...........

3,773

2,999

Series

2021-MH1,

Class

M2,

3.69%,

2/25/46,

Callable

4/25/38

@

100(a)

...........

1,906

1,533

CFMT

LLC

...........................................................

Series

2022-HB9,

Class

M3,

3.25%,

9/25/37,

Callable

9/25/27

@

100(a)(d)

.........

3,745

3,587

Series

2024-HB13,

Class

A,

3.00%,

5/25/34,

Callable

12/25/26

@

100(a)(d)

.........

2,709

2,680

Series

2024-HB13,

Class

M2,

3.00%,

5/25/34,

Callable

12/25/26

@

100(a)(d)

.......

3,530

3,433

Commonbond

Student

Loan

Trust,

Series

2017-BGS,

Class

A2,

4.44%

(TSFR1M+76bps),

9/25/42,

Callable

4/25/26

@

100(a)(b)

....................................

Crockett

Partners

Equipment

Co.

IIA

LLC,

Series

2024-1C,

Class

A,

6.05%,

1/20/31,

Callable

4/20/29

@

100(a)

...................................................

4,077

4,125

DataBank

Issuer,

Series

2024-1A,

Class

A2,

5.30%,

1/26/54,

Callable

1/25/27

@

100(a)

....

2,630

2,589

Dell

Equipment

Finance

Trust

..............................................

Series

2024-1,

Class

D,

6.12%,

9/23/30,

Callable

11/22/26

@

100(a)

..............

2,100

2,119

Series

2024-2,

Class

D,

5.29%,

2/24/31,

Callable

6/22/27

@

100(a)

...............

2,125

2,136

FIGRE

Trust

..........................................................

Series

2024-HE3,

Class

A,

5.94%,

7/25/54,

Callable

7/25/29

@

100(a)(d)

...........

9,580

9,710

Series

2024-HE6,

Class

A,

5.72%,

12/25/54,

Callable

2/25/30

@

100(a)(d)

..........

17,238

17,332

Series

2025-HE1,

Class

A,

5.83%,

1/25/55,

Callable

3/25/30

@

100(a)(d)

...........

9,385

9,444

Series

2025-HE2,

Class

A,

5.78%,

3/25/55,

Callable

10/25/30

@

100(a)(d)

..........

3,267

3,288

Series

2025-HE5,

Class

A,

5.29%,

8/25/55,

Callable

1/25/31

@

100(a)(d)

...........

15,329

15,287

Series

2025-HE8,

Class

A,

5.21%,

11/25/55,

Callable

7/25/28

@

100(a)(d)

..........

3,981

3,956

Foundation

Finance

Trust,

Series

2021-1A,

Class

A,

1.27%,

5/15/41,

Callable

4/15/28

@

100(a)

...........................................................

1,059

1,010

Granite

Park

Equipment

Leasing

LLC,

Series

2023-1A,

Class

D,

7.00%,

8/22/33,

Callable

4/20/27

@

100(a)

...................................................

1,640

1,653

GS

Mortgage-Backed

Securities

Trust,

Series

2025-SL1,

Class

A1,

5.85%,

11/25/67,

Callable

3/25/28

@

100(a)(d)

.................................................

6,729

6,766

Home

Partners

of

America

Trust

............................................

Series

2019-1,

Class

D,

3.41%,

9/17/39,

Callable

4/17/26

@

100(a)(e)

.............

2,858

2,787

Series

2019-2,

Class

E,

3.32%,

10/19/39,

Callable

4/17/26

@

100(a)(e)

............

4,218

4,095

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

Security

Description

Principal

Amount

(000) a

Value

(000) HPEFS

Equipment

Trust,

Series

2024-2A,

Class

D,

5.82%,

4/20/32,

Callable

12/20/27

@

100(a)

...........................................................

$

2,800

$

2,836

J.G.

Wentworth

XLI

LLC

.................................................

Series

2010-3A,

Class

A,

3.82%,

12/15/48,

Callable

4/15/26

@

100(a)

.............

Series

2018-1A,

Class

A,

3.74%,

10/17/72,

Callable

7/15/41

@

100(a)

.............

2,581

2,326

Series

2019-1A,

Class

A,

3.82%,

8/17/71,

Callable

3/15/42

@

100(a)

..............

3,932

3,528

Libra

Solutions

LLC

.....................................................

Series

2024-1A,

Class

A,

5.88%,

9/30/38(a)

................................

6,470

6,453

Series

2025-1A,

Class

A,

6.36%,

8/15/39(a)

................................

930

931

Series

2025-1A,

Class

B,

8.06%,

8/15/39(a)

................................

2,820

2,816

Mosaic

Solar

Loan

Trust

..................................................

Series

2019-2A,

Class

A,

2.88%,

9/20/40,

Callable

3/20/31

@

100(a)

..............

1,229

1,088

Series

2020-1A,

Class

A,

2.10%,

4/20/46(a)

................................

MVW

LLC,

Series

2020-1A,

Class

C,

4.21%,

10/20/37,

Callable

8/20/26

@

100(a)

........

Nelnet

Student

Loan

Trust,

Series

2021-A,

Class

B1,

2.85%,

4/20/62,

Callable

8/20/31

@

100(a)

...........................................................

5,095

4,610

NMEF

Funding

LLC

....................................................

Series

2022-B,

Class

C,

8.54%,

6/15/29,

Callable

8/15/26

@

100(a)

...............

2,690

2,721

Series

2024-A,

Class

C,

6.33%,

12/15/31,

Callable

3/15/28

@

100(a)

..............

7,760

7,928

Pagaya

AI

Debt

Grantor

Trust,

Series

2024-10,

Class

A,

5.18%,

6/15/32,

Callable

11/15/26

@

100(a)

...........................................................

1,396

1,401

Reach

ABS

Trust,

Series

2026-1A,

Class

A,

4.32%,

2/15/33,

Callable

6/15/30

@

100(a)

....

4,314

4,314

ReadyCap

Lending

Small

Business

Loan

Trust,

Series

2023-3,

Class

A,

6.82%

(PRIME+7bps),

4/25/48,

Callable

3/25/29

@

100(a)(b)

....................................

3,947

4,006

Regional

Management

Issuance

Trust,

Series

2024-2,

Class

A,

5.11%,

12/15/33,

Callable

12/15/26

@

100(a)

..................................................

4,640

4,658

RMF

Buyout

Issuance

Trust,

Series

2021-HB1,

Class

M3,

3.69%,

11/25/31(a)(d)

.........

3,000

2,866

Saluda

Grade

Alternative

Mortgage

Trust

......................................

Series

2021-FIG2,

Class

A2,

3.50%,

10/25/51(a)(d)

..........................

7,321

6,970

Series

2022-SEQ2,

Class

A3,

4.50%,

2/25/52,

Callable

4/25/26

@

100(a)(d)

.........

4,125

4,027

SCF

Equipment

Leasing

LLC

..............................................

Series

2024-1A,

Class

D,

6.58%,

6/21/33,

Callable

2/20/30

@

100(a)

..............

2,760

2,862

Series

2025-2A,

Class

D,

5.33%,

6/20/36,

Callable

4/20/32

@

100(a)

..............

3,810

3,772

SpringCastle

America

Funding

LLC,

Series

2020-AA,

Class

A,

1.97%,

9/25/37,

Callable

4/25/26

@

100(a)

...................................................

1,925

1,813

Tricon

American

Homes

Trust,

Series

2020-SFR2,

Class

E1,

2.73%,

11/17/39(a)(e)

........

5,650

5,404

VFI

ABS

LLC,

Series

2023-1A,

Class

C,

9.26%,

12/24/29,

Callable

6/24/26

@

100(a)

.....

3,145

3,170

204,622

Agency

ABS

Other

(0.0%):(f)

U.S.

Small

Business

Administration

..........................................

Series

2008-20D,

Class

1,

5.37%,

4/1/28

..................................

Series

2008-20H,

Class

1,

6.02%,

8/1/28

..................................

Series

2008-20J,

Class

1,

5.63%,

10/1/28

..................................

Series

2008-20L,

Class

1,

6.22%,

12/1/28

.................................

Series

2009-20A,

Class

1,

5.72%,

1/1/29

..................................

Series

2009-20I,

Class

1,

4.20%,

9/1/29

...................................

Total

Asset-Backed

Securities

(Cost

$473,157)

a

a

a

470,721

Collateralized

Loan

Obligations

(1.3%)

Cash

Flow

CLO

(1.3%):

Arbor

Realty

Collateralized

Loan

Obligation

Ltd.

................................

Series

2025-BTR1,

Class

A,

5.60%

(TSFR1M+193bps),

1/20/41,

Callable

5/20/27

@

100(a)(b)

.........................................................

1,770

1,771

Series

2025-BTR1,

Class

AS,

6.31%

(TSFR1M+264bps),

1/20/41,

Callable

5/20/27

@

100(a)(b)

.........................................................

4,450

4,476

Series

2025-BTR1,

Class

B,

6.86%

(TSFR1M+319bps),

1/20/41,

Callable

5/20/27

@

100(a)(b)

.........................................................

2,670

2,686

Series

2025-BTR1,

Class

C,

7.36%

(TSFR1M+369bps),

1/20/41,

Callable

5/20/27

@

100(a)(b)

.........................................................

1,480

1,488

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

Security

Description

Principal

Amount

(000) a

Value

(000) Arbor

Realty

Commercial

Real

Estate

Notes

Ltd.,

Series

2022-FL1,

Class

C,

5.97%

(SOFR30A+230bps),

1/15/37,

Callable

4/15/26

@

100(a)(b)

....................

$

7,740

$

7,739

AREIT

Ltd.,

Series

2022-CRE6,

Class

D,

6.52%

(SOFR30A+285bps),

1/20/37(a)(b)

......

4,360

4,291

BSPRT

Issuer

Ltd.,

Series

2022-FL8,

Class

C,

5.97%

(SOFR30A+230bps),

2/15/37,

Callable

4/15/26

@

100(a)(b)

.................................................

4,980

4,976

Carlyle

US

CLO

Ltd.,

Series

2019-4A,

Class

CR,

6.87%

(TSFR3M+320bps),

4/15/35,

Callable

4/15/26

@

100(a)(b)

.................................................

2,750

2,686

Dwight

Issuer

LLC,

Series

2025-FL1,

Class

A,

5.34%

(TSFR1M+166bps),

6/18/42,

Callable

7/18/27

@

100(a)(b)

.................................................

12,150

12,187

First

Eagle

BSL

CLO

Ltd.,

Series

2019-1A,

Class

C,

8.28%

(TSFR3M+461bps),

1/20/33,

Callable

4/20/26

@

100(a)(b)

..........................................

1,575

1,574

FS

Rialto

Issuer

LLC,

Series

2025-FL10,

Class

A,

5.06%

(TSFR1M+139bps),

8/19/42,

Callable

8/19/27

@

100(a)(b)(e)

........................................

8,840

8,836

Sound

Point

CLO

XXVIII

Ltd.,

Series

2020-3A,

Class

D,

7.58%

(TSFR3M+391bps),

1/25/32,

Callable

4/25/26

@

100(a)(b)

..........................................

2,750

2,680

STWD

Ltd.,

Series

2022-FL3,

Class

B,

5.62%

(SOFR30A+195bps),

11/15/38,

Callable

4/15/26

@

100(a)(b)

.......................................................

10,345

10,345

65,735

Total

Collateralized

Loan

Obligations

(Cost

$65,786)

a

a

a

65,735

Collateralized

Mortgage

Obligations

(7.2%)

Agency

CMO

Floating

(0.0%):(f)

La

Hipotecaria

El

Salvadorian

Mortgage

Trust,

Series

2014-1A,

Class

A1,

3.51%

(PNMR-

224bps),

11/24/42,

Callable

11/15/28

@

100(a)(b)

...........................

1,250

1,219

Agency

CMO

IO

(0.5%):

Federal

Home

Loan

Mortgage

Corporation

.....................................

Series

4601,

Class

NI,

3.50%,

9/15/45(e)

..................................

2,329

Series

4791,

Class

IO,

3.00%,

5/15/48(e)

..................................

1,482

Series

4988,

Class

IL,

3.00%,

6/25/50(e)

..................................

3,419

628

Series

5003,

Class

KI,

2.50%,

8/25/50(e)

..................................

1,457

Series

5086,

Class

NI,

2.50%,

3/25/51(e)

..................................

1,589

Series

5135,

Class

MI,

2.50%,

8/25/51(e)

..................................

2,323

Series

5141,

Class

IJ,

2.50%,

4/25/51(e)

...................................

4,012

Federal

Home

Loan

Mortgage

Corporation

REMICs

..............................

Series

4091,

Class

SH,

2.76%

(SOFR30A+644bps),

8/15/42(b)(e)

................

3,545

520

Series

4999,

Class

QI,

4.00%,

5/25/50(e)

..................................

2,111

Series

5067,

Class

GI,

4.00%,

12/25/50(e)

.................................

2,139

Federal

National

Mortgage

Association

.......................................

Series

1,

Class

CI,

3.00%,

11/25/50(e)

....................................

9,936

1,651

Series

2019-59,

Class

AI,

4.00%,

10/25/39(e)

...............................

1,212

Series

2020-83,

Class

EI,

4.00%,

11/25/50(e)

...............................

1,705

Series

2021-44,

Class

NI,

3.00%,

7/25/51(e)

................................

4,318

822

Series

437,

Class

C11,

3.00%,

7/25/52(e)

..................................

22,898

4,033

Series

78,

Class

CI,

4.50%,

11/25/51(e)

...................................

2,374

534

Government

National

Mortgage

Association

....................................

Series

140,

Class

IO,

2.50%,

8/20/51(e)

...................................

9,299

919

Series

146,

Class

QI,

3.00%,

8/20/51(e)

...................................

2,700

Series

173,

Class

AI,

2.50%,

10/20/51(e)

..................................

30,981

3,208

Series

182,

Class

TI,

3.50%,

10/20/51(e)

..................................

1,244

Series

2019-159,

Class

CI,

3.50%,

12/20/49(e)

..............................

10,486

1,695

Series

2020-9,

Class

SA

(TSFR1M+324bps),

1/20/50(b)(e)(g)

...................

8,896

Series

2025-120,

Class

IC,

4.50%,

1/20/50(e)

...............................

7,901

1,767

Series

206,

Class

IO,

2.50%,

10/20/51(e)

..................................

9,620

966

Series

213,

Class

CI,

2.50%,

7/20/50(e)

...................................

1,933

Series

213,

Class

EI,

2.50%,

1/20/49(e)

...................................

1,690

Series

213,

Class

NI,

3.00%,

12/20/51(e)

..................................

2,496

Series

24,

Class

AI,

2.50%,

8/20/51(e)

....................................

7,972

780

Series

34,

Class

IO,

5.00%,

12/20/39(e)

...................................

11,888

2,220

Series

42,

Class

KI,

2.50%,

3/20/51(e)

....................................

1,793

Series

70,

Class

IO,

4.00%,

6/20/50(e)

....................................

8,068

1,633

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

Security

Description

Principal

Amount

(000) a

Value

(000) Series

96,

Class

BI,

3.50%,

6/20/51(e)

....................................

$

3,205

$

584

26,769

Agency

CMO

Other

(0.0%):(f)

Federal

National

Mortgage

Association,

Series

2004-T2,

Class

2A,

5.48%,

7/25/43,

Callable

4/25/26

@

100(d)

...................................................

Government

National

Mortgage

Association,

Series

2013-169,

Class

TE,

3.25%,

4/16/27

....

La

Hipotecaria

El

Salvadorian

Mortgage

Trust,

Series

2016-1A,

Class

A,

3.36%,

1/15/46,

Callable

5/15/31

@

100(a)

............................................

855

799

980

Agency

Commercial

MBS

(0.0%):(f)

Government

National

Mortgage

Association,

Series

2017-21,

Class

IO,

0.59%,

10/16/58,

Callable

5/16/43

@

100(d)(e)

..........................................

13,916

Commercial

MBS

(3.0%):

Bayview

Commercial

Asset

Trust,

Series

2007-2A,

Class

IO,

7/25/37(a)(d)(e)(g)(h)

.......

1,513

—(i)

Benchmark

Mortgage

Trust

................................................

Series

2018-B8,

Class

A4,

3.96%,

1/15/52,

Callable

12/15/28

@

..............

7,340

7,260

Series

2020-IG3,

Class

B,

3.26%,

9/15/48,

Callable

4/15/30

@

100(a)(d)

...........

2,615

1,862

Series

2022-B34,

Class

AM,

3.82%,

4/15/55,

Callable

4/15/32

@

100(d)

...........

3,030

2,664

BSREP

Commercial

Mortgage

Trust,

Series

2021-DC,

Class

B,

5.14%

(TSFR1M+146bps),

8/15/38(a)(b)(e)

....................................................

1,172

1,084

BX

Commercial

Mortgage

Trust,

Series

2021-VIV5,

Class

A,

2.84%,

3/9/44(a)(d)(e)

......

7,615

7,032

BX

Trust,

Series

2019-OC11,

Class

A,

3.20%,

12/9/41,

Callable

12/9/29

@

100(a)(e)

......

17,400

16,428

Citigroup

Commercial

Mortgage

Trust,

Series

2018-C5,

Class

A3,

3.96%,

6/10/51,

Callable

6/10/28

@

.....................................................

4,778

4,713

COMM

Mortgage

Trust,

Series

2024-WCL1,

Class

A,

5.51%

(TSFR1M+184bps),

6/15/41(a)

(b)(e) ...........................................................

11,065

11,027

Federal

Home

Loan

Mortgage

Corporation

.....................................

Series

2018-KSW4,

Class

B,

6.23%

(SOFR30A+256bps),

10/25/28(a)(b)

...........

3,245

3,227

Series

2019-K88,

Class

C,

4.39%,

2/25/52,

Callable

4/25/29

@

100(a)(d)

...........

4,590

4,477

Series

2019-KF64,

Class

B,

6.08%

(SOFR30A+241bps),

6/25/26,

Callable

5/25/26

@

100(a)(b)

.........................................................

4,107

4,096

Series

2019-KF66,

Class

B,

6.18%

(SOFR30A+251bps),

7/25/29(a)(b)

............

3,365

3,182

Series

2021-KG05,

Class

C,

1/25/31(a)(g)

.................................

9,000

6,011

FREMF

Mortgage

Trust

..................................................

Series

2017-KW03,

Class

B,

4.08%,

7/25/27(a)(d)

...........................

2,500

2,471

Series

2018-KSW4,

Class

C,

8.78%

(SOFR30A+511bps),

10/25/28(a)(b)

...........

1,745

1,651

Series

2019-KJ24,

Class

B,

7.60%,

10/25/27(a)(d)

...........................

1,211

1,166

Series

2019-KS12,

Class

C,

10.68%

(SOFR30A+701bps),

8/25/29(a)(b)

............

4,913

4,838

Series

2021-KG05,

Class

X2A,

0.10%,

1/25/31,

Callable

10/25/30

@

100(a)(e)

......

110,752

Series

2021-KG05,

Class

X2B,

0.10%,

1/25/31,

Callable

10/25/30

@

100(a)(e)

......

9,000

Hilt

Commercial

Mortgage

Trust,

Series

2024-ORL,

Class

A,

5.21%

(TSFR1M+154bps),

5/15/37(a)(b)(e)

....................................................

7,025

7,021

HTL

Commercial

Mortgage

Trust,

Series

2024-T53,

Class

B,

6.56%,

5/10/39(a)(d)(e)

......

2,915

2,943

ILPT

Trust,

Series

2019-SURF,

Class

A,

4.15%,

2/11/41(a)(e)

.......................

8,216

8,035

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust

..........................

Series

2018-WPT,

Class

AFX,

4.25%,

7/5/33(a)(e)

...........................

6,150

5,865

Series

2024-OMNI,

Class

C,

5.80%,

10/5/39(a)(d)(e)

.........................

5,244

5,226

JPMDB

Commercial

Mortgage

Securities

Trust

.................................

Series

2018-C8,

Class

A4,

4.21%,

6/15/51,

Callable

6/15/28

@

...............

7,010

6,958

Series

2018-C8,

Class

XB,

0.12%,

6/15/51,

Callable

3/15/28

@

100(d)(e)

..........

45,714

Key

Commercial

Mortgage

Securities

Trust,

Series

2019-S2,

Class

A3,

3.47%,

6/15/52,

Callable

6/15/29

@

100(a)

............................................

5,643

5,409

Morgan

Stanley

Capital

I

Trust,

Series

2018-MP,

Class

A,

4.28%,

7/11/40(a)(d)(e)

........

6,330

5,852

ReadyCap

Commercial

Mortgage

Trust,

Series

2019-6,

Class

A,

2.83%,

10/25/52,

Callable

2/25/34

@

100(a)

...................................................

Soho

Trust,

Series

2021-SOHO,

Class

A,

2.70%,

8/10/38(a)(d)(e)

....................

2,375

1,962

Velocity

Commercial

Capital

Loan

Trust

......................................

Series

2024-6,

Class

A,

5.81%,

12/25/54,

Callable

9/25/33

@

100(a)(d)

............

4,735

4,741

Series

2025-1,

Class

A,

6.03%,

2/25/55,

Callable

7/25/36

@

100(a)(d)

.............

4,148

4,176

VRTX

Trust

...........................................................

Series

2025-HQ,

Class

C,

5.92%,

8/5/42(a)(d)(e)

............................

5,160

5,141

Series

2025-HQ,

Class

D,

6.60%,

8/5/42(a)(d)(e)

............................

4,950

4,969

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

Security

Description

Principal

Amount

(000) a

Value

(000) Wells

Fargo

Commercial

Mortgage

Trust

......................................

Series

2016-LC24,

Class

XA,

1.75%,

10/15/49,

Callable

9/15/26

@

100(d)(e)

.......

$

20,942

$

Series

2019-C51,

Class

A4,

3.31%,

6/15/52,

Callable

6/15/29

@

..............

2,795

2,666

Series

2026-1250B,

Class

B,

5.14%,

3/10/41(a)(d)(e)

.........................

1,890

1,872

Series

2026-1250B,

Class

C,

5.59%,

3/10/41(a)(d)(e)

.........................

1,640

1,619

158,289

Private

CMO

Floating

(0.8%):

Connecticut

Avenue

Securities

Trust

.........................................

Series

2022-R02,

Class

2M2,

6.66%

(SOFR30A+300bps),

1/25/42,

Callable

1/25/27

@

100(a)(b)

.........................................................

1,964

1,985

Series

2024-R03,

Class

2M2,

5.61%

(SOFR30A+195bps),

3/25/44,

Callable

3/25/29

@

100(a)(b)

.........................................................

3,230

3,235

Series

2024-R05,

Class

2M2,

5.36%

(SOFR30A+170bps),

7/25/44,

Callable

7/25/29

@

100(a)(b)

.........................................................

2,393

2,396

Eagle

RE

Ltd.,

Series

2023-1,

Class

M1B,

7.61%

(SOFR30A+395bps),

9/26/33,

Callable

9/25/28

@

100(a)(b)

.................................................

6,810

6,966

Federal

Home

Loan

Mortgage

Corporation

.....................................

Series

2021-MN1,

Class

M1,

5.66%

(SOFR30A+200bps),

1/25/51,

Callable

1/25/29

@

100(a)(b)

.........................................................

Series

2021-MN3,

Class

M2,

7.66%

(SOFR30A+400bps),

11/25/51,

Callable

8/25/36

@

100(a)(b)

.........................................................

6,790

7,022

Federal

Home

Loan

Mortgage

Corporation,

REMICS,

Series

2024-DNA3,

Class

A1,

4.71%

(SOFR30A+105bps),

10/25/44,

Callable

10/25/29

@

100(a)(b)

..................

4,062

4,063

Home

Re

Ltd.

.........................................................

Series

2023-1,

Class

M1B,

8.26%

(SOFR30A+460bps),

10/25/33,

Callable

10/25/28

@

100(a)(b)

.........................................................

1,061

1,084

Series

2026-1,

Class

M1A,

4.86%

(SOFR30A+120bps),

1/25/36,

Callable

8/25/29

@

100(a)(b)

.........................................................

2,850

2,850

Radnor

RE

Ltd.,

Series

2023-1,

Class

M1A,

6.36%

(SOFR30A+270bps),

7/25/33,

Callable

7/25/28

@

100(a)(b)

.................................................

Towd

Point

Mortgage

Trust

................................................

Series

2019-HY1,

Class

B2,

5.94%

(TSFR1M+226bps),

10/25/48,

Callable

10/25/28

@

100(a)(b)

.........................................................

4,610

4,757

Series

2019-HY2,

Class

B1,

6.04%

(TSFR1M+236bps),

5/25/58,

Callable

9/25/27

@

100(a)(b)

.........................................................

2,000

2,005

Triangle

RE

Ltd.,

Series

2023-1,

Class

M1A,

7.06%

(SOFR30A+340bps),

11/25/33,

Callable

10/25/28

@

100(a)(b)

................................................

2,298

2,313

39,320

Private

CMO

IO

(0.1%):

Flagstar

Mortgage

Trust,

Series

2021-4,

Class

AX1,

0.20%,

6/1/51,

Callable

4/25/46

@

100(a)

(d)(e) ...........................................................

146,396

1,845

Hundred

Acre

Wood

Trust,

Series

2021-INV1,

Class

AX1,

0.23%,

7/25/51,

Callable

7/25/46

@

100(a)(d)(e)

.......................................................

48,504

652

JP

Morgan

Mortgage

Trust

................................................

Series

2021-10,

Class

AX1,

0.11%,

12/25/51,

Callable

8/25/38

@

100(a)(d)(e)

.......

95,603

581

Series

2021-8,

Class

AX1,

0.11%,

12/25/51,

Callable

5/25/41

@

100(a)(d)(e)

........

82,185

3,573

Private

CMO

Other

(2.8%):

BINOM

Securitization

Trust,

Series

2022-RPL1,

Class

M2,

3.00%,

2/25/61,

Callable

4/25/26

@

100(a)(d)

.......................................................

12,559

9,648

Brean

Asset

Backed

Securities

Trust,

Series

2021-RM1,

Class

A,

1.40%,

10/25/63,

Callable

9/25/27

@

100(a)(d)

.................................................

2,794

2,665

Bunker

Hill

Loan

Depositary

Trust,

Series

2020-1,

Class

A3,

3.25%,

2/25/55,

Callable

4/25/26

@

100(a)(d)

.......................................................

2,985

2,916

CFMT

LLC

...........................................................

Series

2024-HB14,

Class

M1,

3.00%,

6/25/34,

Callable

6/25/27

@

100(a)(d)

........

2,580

2,507

Series

2024-HB14,

Class

M2,

3.00%,

6/25/34,

Callable

6/25/27

@

100(a)(d)

........

1,840

1,780

Series

2024-HB15,

Class

M2,

4.00%,

8/25/34(a)(d)

..........................

2,130

2,079

CIM

Trust,

Series

2020-R2,

Class

M3,

3.00%,

10/25/59,

Callable

11/25/45

@

100(a)(d)

....

5,170

4,037

CSMC

Trust

..........................................................

Series

2021-RPL2,

Class

M1,

2.75%,

1/25/60,

Callable

2/25/50

@

100(a)(d)

........

2,490

1,902

Series

2021-RPL2,

Class

M2,

3.25%,

1/25/60,

Callable

2/25/50

@

100(a)(d)

........

2,350

1,757

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

Security

Description

Principal

Amount

(000) a

Value

(000) Federal

Home

Loan

Mortgage

Corporation

.....................................

Series

2018-4,

Class

M,

4.75%,

3/25/58,

Callable

6/25/50

@

100(a)

...............

$

12,509

$

12,306

Series

2019-4,

Class

M,

4.50%,

2/25/59,

Callable

4/25/46

@

100(a)(d)

.............

3,698

3,593

Series

2020-1,

Class

M,

4.25%,

8/25/59,

Callable

3/25/47

@

100(a)(d)

.............

2,299

2,242

Series

2020-2,

Class

M,

4.25%,

11/25/59,

Callable

7/25/45

@

100(a)(d)

............

3,180

3,092

Hundred

Acre

Wood

Trust,

Series

2021-INV3,

Class

A3,

2.50%,

12/25/51,

Callable

5/25/43

@

100(a)(d)

.........................................................

9,820

8,169

Imperial

Fund

Mortgage

Trust

..............................................

Series

2021-NQM2,

Class

B1,

3.30%,

9/25/56,

Callable

4/25/26

@

100(a)(d)

........

1,800

1,346

Series

2021-NQM2,

Class

M1,

2.49%,

9/25/56,

Callable

4/25/26

@

100(a)(d)

.......

2,065

1,515

IMS

Ecuadorian

Mortgage

Trust,

Series

2021-1,

Class

GA,

3.40%,

8/18/43(a)

...........

6,469

6,226

JP

Morgan

Mortgage

Trust

................................................

Series

2021-10,

Class

B1,

2.80%,

12/25/51,

Callable

8/25/38

@

100(a)(d)

..........

5,288

4,363

Series

2021-INV1,

Class

B1,

2.96%,

10/25/51,

Callable

9/25/47

@

100(a)(d)

........

2,460

2,064

Series

2022-LTV1,

Class

M1,

3.51%,

7/25/52,

Callable

12/25/46

@

100(a)(d)

.......

7,114

4,939

La

Hipotecaria

El

Salvadorian

Mortgage

Trust,

Series

2021-1,

Class

GA,

4.35%,

7/13/52(a)

.

6,127

5,521

Mello

Mortgage

Capital

Acceptance

.........................................

Series

2021-INV2,

Class

A15,

2.50%,

8/25/51,

Callable

3/25/43

@

100(a)(d)

........

8,546

7,051

Series

2021-MTG2,

Class

B1,

2.67%,

6/25/51,

Callable

4/25/48

@

100(a)(d)

........

4,260

3,525

MFA

Trust,

Series

2020-NQM1,

Class

A3,

3.30%,

8/25/49,

Callable

4/25/26

@

100(a)(d)

...

New

Residential

Mortgage

Loan

Trust,

Series

2019-RPL2,

Class

M2,

3.75%,

2/25/59,

Callable

9/25/41

@

100(a)(d)

.................................................

10,950

9,736

Onity

Loan

Investment

Trust,

Series

2024-HB2,

Class

M2,

5.00%,

8/25/37,

Callable

8/25/27

@

100(a)(d)

.........................................................

4,740

4,672

PRMI

Securitization

Trust

.................................................

Series

2021-1,

Class

B1,

2.48%,

4/25/51,

Callable

6/25/46

@

100(a)(d)

............

6,048

4,950

Series

2021-1,

Class

B2,

2.48%,

4/25/51,

Callable

6/25/46

@

100(a)(d)

............

2,479

2,010

Provident

Funding

Mortgage

Trust

..........................................

Series

2021-1,

Class

B1,

2.38%,

4/25/51,

Callable

12/25/46

@

100(a)(d)

...........

3,092

2,576

Series

2021-2,

Class

B1,

2.35%,

4/25/51,

Callable

12/25/47

@

100(a)(d)

...........

3,112

2,536

Series

2021-J1,

Class

B1,

2.63%,

10/25/51,

Callable

1/25/46

@

100(a)(d)

..........

2,576

2,224

RCKT

Mortgage

Trust,

Series

2021-3,

Class

A25,

2.50%,

7/25/51,

Callable

3/25/47

@

100(a)

(d) .............................................................

2,840

2,341

Sequoia

Mortgage

Trust

..................................................

Series

2012-6,

Class

B3,

3.67%,

12/25/42,

Callable

4/25/26

@

100(d)

.............

Series

2018-CH3,

Class

A1,

4.50%,

8/25/48,

Callable

4/25/26

@

100(a)(d)

..........

Towd

Point

Mortgage

Trust

................................................

Series

2019-3,

Class

M2D,

3.25%,

2/25/59,

Callable

8/25/31

@

100(a)(d)

..........

10,000

8,017

Series

2021-R1,

Class

A1,

2.92%,

11/30/60(a)(d)

............................

10,360

9,320

143,777

Total

Collateralized

Mortgage

Obligations

(Cost

$408,636)

a

a

a

374,355

Shares

Preferred

Stocks

(0.4%)

Financials

(0.4%):

Bank

of

America

Corp.,

Series

LL,

5.00%(j)

....................................

206,990

4,175

Capital

One

Financial

Corp.,

Series

L,

4.38%(j)

.................................

46,992

756

JPMorgan

Chase

&

Co.,

Series

MM,

4.20%(j)

..................................

311,422

5,450

KeyCorp,

Series

G,

5.63%(j)

...............................................

83,674

1,754

Morgan

Stanley,

Series

O,

4.25%(j)

..........................................

345,807

5,938

State

Street

Corp.,

Series

G,

5.35%(j)

........................................

53,348

1,153

U.S.

Bancorp,

Series

L,

3.75%(j)

............................................

50,785

750

Wells

Fargo

&

Co.,

Series

DD,

4.25%(j)

......................................

210,563

3,632

23,608

Total

Preferred

Stocks

(Cost

$24,343)

a

a

a

23,608

Principal

Amount

(000) Senior

Secured

Loans

(0.1%)

Consumer

Discretionary

(0.0%):(f)

Fitness

International

LLC,

Term

B

Loan,

First

Lien,

8.17%

(SOFR01M+450bps),

2/12/29(b)

.

$

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

Security

Description

Principal

Amount

(000) a

Value

(000) Financials

(0.0%):(f)

Eastern

Power

LLC,

Term

loan,

8.42%

(SOFR01M+475bps),

4/3/29(b)

................

$

$

LC

Ahab

US

Bidco

LLC,

Second

Amendment

Incremental

Term

Loan,

First

Lien,

6.17%

(SOFR01M+250bps),

5/1/31(b)

.........................................

1,083

1,075

1,365

Industrials

(0.1%):

Amentum

Holdings,

Inc.,

Initial

Term

Loan,

5.67%

(SOFR01M+200bps),

9/29/31(b)

......

1,438

1,439

Materials

(0.0%):(f)

Mativ

Holdings,

Inc.

Term

B

Loan,

7.54%

(SOFR01M+375bps),

4/20/28(b)

.............

1,367

1,367

Total

Senior

Secured

Loans

(Cost

$4,353)

a

a

a

4,359

Corporate

Bonds

(23.4%)

Communication

Services

(0.5%):

Alphabet,

Inc.,

5.30%,

5/15/65,

Callable

11/15/64

@

..........................

4,430

4,101

Meta

Platforms,

Inc.

5.63%,

11/15/55,

Callable

5/15/55

@

..................................

4,170

3,909

5.75%,

11/15/65,

Callable

5/15/65

@

..................................

6,960

6,465

Oak-Eagle

Acquireco,

Inc.,

7.25%,

7/1/33,

Callable

7/1/29

@

103.63(a)

................

1,315

1,362

Omnicom

Group,

Inc.,

5.00%,

6/2/33,

Callable

4/2/33

@

.......................

10,125

9,889

25,726

Consumer

Discretionary

(1.2%):

Avis

Budget

Car

Rental

LLC/Avis

Budget

Finance,

Inc.,

8.38%,

6/15/32,

Callable

6/15/28

@

104.19(a)

.........................................................

1,215

1,208

Daimler

Truck

Finance

North

America

LLC

4.15%,

1/12/29,

Callable

12/12/28

@

100(a)

...............................

4,765

4,698

4.65%,

10/12/30,

Callable

9/12/30

@

100(a)

...............................

5,835

5,797

Darden

Restaurants,

Inc.,

6.30%,

10/10/33,

Callable

7/10/33

@

...................

9,539

10,207

Ford

Motor

Co.,

6.10%,

8/19/32,

Callable

5/19/32

@

..........................

3,640

3,670

General

Motors

Financial

Co.,

Inc.

5.75%,

2/8/31,

Callable

12/8/30

@

...................................

2,770

2,858

3.10%,

1/12/32,

Callable

10/12/31

@

.................................

1,605

1,440

Hilton

Grand

Vacations

Borrower

Escrow

LLC/Hilton

Grand

Vacations

Borrower

Esc,

6.63%,

1/15/32,

Callable

1/15/27

@

103.31(a)

....................................

4,480

4,425

HOA

RoyaltyCo

LLC,

4.72%,

11/22/55,

Callable

5/2/26

@

100(a)(c)(h)

................

5,813

1,223

Lennar

Corp.,

5.20%,

7/30/30,

Callable

6/30/30

@

............................

7,900

7,994

Resorts

World

Las

Vegas

LLC/RWLV

Capital,

Inc.

4.63%,

4/16/29,

Callable

1/16/29

@

100(a)

................................

8,400

7,219

4.63%,

4/6/31,

Callable

1/6/31

@

100(a)

..................................

2,700

2,129

Volkswagen

Group

of

America

Finance

LLC

4.85%,

9/11/30,

Callable

8/11/30

@

100(a)

................................

4,430

4,390

5.80%,

3/27/35,

Callable

12/27/34

@

100(a)

...............................

4,699

4,696

ZF

North

America

Capital,

Inc.,

6.88%,

4/14/28,

Callable

3/14/28

@

100(a)

.............

2,640

2,678

64,632

Consumer

Staples

(1.0%):

Albertsons

Cos.,

Inc./Safeway,

Inc./New

Albertsons

LP/Albertsons

LLC

5.50%,

3/31/31,

Callable

11/15/27

@

102.75(a)

.............................

2,735

2,704

5.75%,

3/31/34,

Callable

11/15/28

@

102.88(a)

.............................

7,395

7,235

Dollar

Tree,

Inc.,

2.65%,

12/1/31,

Callable

9/1/31

@

...........................

11,070

9,847

Smithfield

Foods,

Inc.

5.20%,

4/1/29,

Callable

1/1/29

@

100(a)

..................................

668

674

3.00%,

10/15/30,

Callable

7/15/30

@

100(a)

...............................

5,935

5,425

2.63%,

9/13/31,

Callable

6/13/31

@

100(a)

................................

6,070

5,327

Sysco

Corp.,

4.40%,

7/25/31,

Callable

6/25/31

@

.............................

5,620

5,451

The

Procter

&

Gamble

Co.,

4.10%,

11/3/32

....................................

14,265

14,035

50,698

Energy

(2.5%):

Archrock

Services

LP/Archrock

Partners

Finance

Corp.,

6.00%,

2/1/34,

Callable

2/1/29

@

103(a)

...........................................................

1,500

1,485

Boardwalk

Pipelines

LP,

3.60%,

9/1/32,

Callable

6/1/32

@

......................

13,515

12,452

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

Security

Description

Principal

Amount

(000) a

Value

(000) Chevron

USA,

Inc.,

4.85%,

10/15/35,

Callable

7/15/35

@

.......................

$

10,320

$

10,357

Columbia

Pipelines

Holding

Co.

LLC

5.10%,

10/1/31,

Callable

8/1/31

@

100(a)

.................................

4,065

4,087

5.00%,

11/17/32,

Callable

9/17/32

@

100(a)

................................

6,260

6,219

ConocoPhillips

Co.,

5.65%,

1/15/65,

Callable

6/15/64

@

.......................

6,570

6,247

Enerflex,

Inc.,

6.88%,

1/15/31,

Callable

1/15/28

@

103.44(a)

........................

1,575

1,608

Energy

Transfer

LP,

5.35%,

1/15/36,

Callable

10/15/35

@

.......................

3,835

3,808

Halliburton

Co.,

7.60%,

8/15/96(a)

..........................................

2,065

2,340

Hess

Midstream

Operations

LP,

5.88%,

3/1/28,

Callable

4/12/26

@

102.94(a)

............

1,595

1,605

Hilcorp

Energy

I

LP/Hilcorp

Finance

Co.

6.88%,

5/15/34,

Callable

5/15/29

@

103.44(a)

..............................

6,830

6,673

7.25%,

2/15/35,

Callable

2/15/30

@

103.63(a)

..............................

3,420

3,409

Kodiak

Gas

Services

LLC,

5.88%,

4/1/31,

Callable

4/1/28

@

102.94(a)

................

1,320

1,327

MPLX

LP

5.50%,

6/1/34,

Callable

3/1/34

@

....................................

7,820

7,900

5.30%,

4/1/36,

Callable

1/1/36

@

....................................

5,315

5,239

NGPL

PipeCo

LLC,

3.25%,

7/15/31,

Callable

4/15/31

@

100(a)

.....................

6,295

5,785

Phillips

Co.,

5.25%,

6/15/31,

Callable

4/15/31

@

...........................

10,960

11,235

Shell

Finance

US,

Inc.,

4.75%,

1/6/36,

Callable

10/6/35

@

......................

12,160

11,954

The

Williams

Cos.,

Inc.

7.50%,

1/15/31

....................................................

7,360

8,226

7.75%,

6/15/31

....................................................

2,270

2,571

Valero

Energy

Corp.,

6.63%,

6/15/37

.........................................

7,773

8,508

Venture

Global

LNG,

Inc.

9.50%,

2/1/29,

Callable

11/1/28

@

100(a)

.................................

1,440

1,557

8.38%,

6/1/31,

Callable

6/1/26

@

104.19(a)

................................

2,441

2,539

Venture

Global

Plaquemines

LNG

LLC,

6.50%,

1/15/34,

Callable

7/15/33

@

100(a)

.......

3,355

3,497

130,628

Financials

(9.3%):

Affiliated

Managers

Group,

Inc.,

5.50%,

2/15/36,

Callable

11/15/35

@

..............

18,045

17,787

Ally

Financial,

Inc.

6.18%

(SOFR+229bps),

7/26/35,

Callable

7/26/34

@

100(b)

....................

4,095

4,107

6.65%

(H15T5Y+245bps),

1/17/40,

Callable

10/19/34

@

100(b)

.................

4,440

4,286

American

Honda

Finance

Corp.

5.05%,

7/10/31,

MTN

................................................

11,020

11,048

4.85%,

10/23/31,

MTN

...............................................

9,495

9,412

5.10%,

1/8/36

.....................................................

13,325

12,856

Avolon

Holdings

Funding

Ltd.

5.75%,

3/1/29,

Callable

2/1/29

@

100(a)

..................................

2,141

2,189

5.38%,

5/30/30,

Callable

4/30/30

@

100(a)

................................

2,060

2,082

Bank

of

America

Corp.

2.88%

(TSFR3M+145bps),

10/22/30,

Callable

10/22/29

@

100(b)

................

18,900

17,878

2.57%

(SOFR+121bps),

10/20/32,

Callable

10/20/31

@

100(b)

..................

11,055

9,836

BMW

US

Capital

LLC,

5.40%,

3/21/35,

Callable

12/21/34

@

100(a)

..................

14,200

14,285

Brown

&

Brown,

Inc.,

4.20%,

3/17/32,

Callable

12/17/31

@

.....................

12,416

11,720

Capital

One

Financial

Corp.

2.36%

(SOFR+134bps),

7/29/32,

Callable

7/29/31

@

100(b)

....................

9,455

8,151

6.18%

(SOFR+204bps),

1/30/36,

Callable

1/30/35

@

100(b)

....................

3,455

3,514

Citadel

Securities

Global

Holdings

LLC

5.50%,

6/18/30,

Callable

5/18/30

@

100(a)

................................

13,690

13,908

6.20%,

6/18/35,

Callable

3/18/35

@

100(a)

................................

3,254

3,329

Citigroup,

Inc.,

2.52%

(SOFR+118bps),

11/3/32,

Callable

11/3/31

@

100(b)

.............

7,440

6,560

Citizens

Financial

Group,

Inc.

5.84%

(SOFR+201bps),

1/23/30,

Callable

1/23/29

@

100(b)

....................

4,124

4,247

5.25%

(SOFR+126bps),

3/5/31,

Callable

3/5/30

@

100(b)

......................

1,920

1,943

5.72%

(SOFR+191bps),

7/23/32,

Callable

7/23/31

@

100(b)

....................

4,138

4,253

5.30%

(H15T5Y+145bps),

1/29/36,

Callable

1/29/31

@

100(b)

..................

685

679

CNO

Financial

Group,

Inc.

5.25%,

5/30/29,

Callable

2/28/29

@

..................................

1,680

1,683

6.45%,

6/15/34,

Callable

3/15/34

@

..................................

2,125

2,193

CNO

Global

Funding

4.88%,

12/10/27(a)

..................................................

1,600

1,604

2.65%,

1/6/29(a)

...................................................

12,306

11,657

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

Security

Description

Principal

Amount

(000) a

Value

(000) Farmers

Exchange

Capital

III,

5.45%

(TSFR3M+372bps),

10/15/54,

Callable

10/15/34

@

100(a)(b)

.........................................................

$

10,400

$

9,393

Farmers

Insurance

Exchange

4.75%

(US0003M+323bps),

11/1/57,

Callable

11/1/37

@

100(a)(b)

...............

8,910

7,486

7.00%

(H15T10Y+386bps),

10/15/64,

Callable

7/15/54

@

100(a)(b)

..............

6,000

5,997

Fidelity

National

Information

Services,

Inc.,

4.80%,

3/10/31,

Callable

2/10/31

@

......

2,520

2,500

Fifth

Third

Bank

NA,

5.33%

(SOFR+261bps),

8/25/33,

Callable

8/25/32

@

100(b)

........

10,660

10,679

Ford

Motor

Credit

Co.

LLC

5.88%,

11/7/29,

Callable

10/7/29

@

..................................

8,160

8,262

7.35%,

3/6/30,

Callable

1/6/30

@

....................................

3,140

3,313

3.63%,

6/17/31,

Callable

3/17/31

@

..................................

6,150

5,542

6.05%,

11/5/31,

Callable

9/5/31

@

...................................

15,030

15,096

6.53%,

3/19/32,

Callable

1/19/32

@

..................................

5,430

5,572

6.13%,

3/8/34,

Callable

12/8/33

@

...................................

1,269

1,257

6.50%,

2/7/35,

Callable

11/7/34

@

...................................

10,795

10,892

Freedom

Mortgage

Holdings

LLC

9.13%,

5/15/31,

Callable

5/15/27

@

104.56(a)

..............................

5,845

5,941

8.38%,

4/1/32,

Callable

4/1/28

@

104.19(a)

................................

930

915

Hyundai

Capital

America,

Inc.

5.30%,

1/8/30,

Callable

12/8/29

@

100(a)

.................................

8,410

8,535

5.80%,

4/1/30,

Callable

2/1/30

@

100(a)

..................................

8,805

9,093

6.20%,

9/21/30,

Callable

7/21/30

@

100(a)

................................

4,380

4,590

International

Bank

for

Reconstruction

&

Development

15.87%

(SOFR+1222bps),

4/24/28(a)(b)

..................................

17.37%

(SOFR+1372bps),

4/24/28(a)(b)

..................................

JPMorgan

Chase

&

Co.

2.55%

(SOFR+118bps),

11/8/32,

Callable

11/8/31

@

100(b)

....................

9,060

8,054

5.19%

(SOFR+130bps),

2/5/37,

Callable

2/5/36

@

100(b)

......................

6,485

6,373

Keybank

National

Association,

4.90%,

8/8/32

...................................

4,961

4,877

KeyCorp,

5.12%

(SOFRINDX+123bps),

4/4/31,

Callable

4/4/30

@

100(b)

..............

4,780

4,827

Liberty

Mutual

Insurance

Co.,

7.70%,

10/15/97(a)

...............................

16,962

18,581

Lincoln

Financial

Global

Funding,

4.20%,

1/12/29(a)

.............................

2,200

2,175

Lincoln

National

Corp.,

5.35%,

11/15/35,

Callable

8/15/35

@

....................

2,165

2,110

Loews

Corp.,

4.94%,

4/1/36,

Callable

1/1/36

@

..............................

10,505

10,280

LSEG

US

Fin

Corp.,

5.25%,

3/23/36,

Callable

12/23/35

@

100(a)

....................

2,255

2,233

Mercedes-Benz

Finance

North

America

LLC,

4.85%,

1/11/29(a)

.....................

9,820

9,899

MetLife,

Inc.,

5.85%

(H15T5Y+182bps),

3/15/56,

Callable

3/15/36

@

100(b)

............

4,330

4,250

Morgan

Stanley

5.65%

(SOFR+101bps),

4/13/28,

Callable

4/13/27

@

100(b)

....................

2,265

2,292

5.17%

(SOFR+145bps),

1/16/30,

Callable

1/16/29

@

100(b)

....................

5,285

5,359

5.95%

(H15T5Y+243bps),

1/19/38,

Callable

1/19/33

@

100(b)

..................

1,830

1,875

5.94%

(H15T5Y+180bps),

2/7/39,

Callable

2/7/34

@

100(b)

....................

5,590

5,714

MSCI,

Inc.,

5.25%,

9/1/35,

Callable

6/1/35

@

...............................

2,760

2,704

Mutual

of

Omaha

Cos.

Global

Funding

5.00%,

4/1/30(a)

...................................................

5,670

5,706

4.55%,

1/13/31(a)

..................................................

12,615

12,460

Northern

Trust

Corp.,

5.12%

(H15T5Y+105bps),

11/19/40,

Callable

11/19/35

@

100(b)

....

3,330

3,242

Old

National

Bancorp,

5.77%

(TSFR3M+220bps),

2/15/36,

Callable

2/15/31

@

100(b)

.....

1,030

1,025

OneMain

Finance

Corp.,

6.13%,

5/15/30,

Callable

11/15/29

@

...................

3,140

3,070

Penske

Truck

Leasing

Co.

LP/PTL

Finance

Corp.

4.40%,

7/1/27,

Callable

6/1/27

@

100(a)

..................................

2,897

2,887

5.55%,

5/1/28,

Callable

4/1/28

@

100(a)

..................................

8,305

8,443

6.05%,

8/1/28,

Callable

7/1/28

@

100(a)

..................................

1,345

1,384

Primerica,

Inc.,

2.80%,

11/19/31,

Callable

8/19/31

@

..........................

2,590

2,316

Rocket

Cos.,

Inc.,

6.50%,

8/1/29,

Callable

8/1/26

@

103.25(a)

.......................

4,560

4,611

Santander

Holdings

USA,

Inc.,

6.12%

(SOFR+123bps),

5/31/27,

Callable

5/31/26

@

100(b)

.

2,140

2,144

Starwood

Property

Trust,

Inc.,

5.75%,

1/15/31,

Callable

7/15/30

@

100(a)

..............

2,145

2,118

Teachers

Insurance

&

Annuity

Association

of

America,

6.85%,

12/16/39(a)

.............

635

712

The

Goldman

Sachs

Group,

Inc.,

2.65%

(SOFR+126bps),

10/21/32,

Callable

10/21/31

@

100(b)

...........................................................

7,000

6,214

The

PNC

Financial

Services

Group,

Inc.,

5.42%

(H15T5Y+117bps),

1/25/41,

Callable

1/25/36

@

100(b)

.........................................................

2,690

2,635

Toyota

Motor

Credit

Corp.,

4.60%,

3/11/33

....................................

7,030

6,921

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

Security

Description

Principal

Amount

(000) a

Value

(000) Truist

Financial

Corp.

5.44%

(SOFR+162bps),

1/24/30,

Callable

1/24/29

@

100(b)

....................

$

1,920

$

1,965

4.60%

(SOFR+97bps),

1/27/32,

Callable

1/27/31

@

100(b)

.....................

4,430

4,383

U.S.

Bancorp

5.38%

(SOFR+156bps),

1/23/30,

Callable

1/23/29

@

100(b)

....................

2,500

2,560

2.49%

(H15T5Y+95bps),

11/3/36,

Callable

11/3/31

@

100(b)

...................

17,775

15,367

Velocity

Vehicle

Group

LLC,

8.00%,

6/1/29,

Callable

6/1/26

@

104(a)

.................

995

930

Wells

Fargo

&

Co.,

5.24%

(SOFR+111bps),

1/24/31,

Callable

1/24/30

@

100(b)

..........

3,660

3,731

483,229

Health

Care

(1.2%):

Abbott

Laboratories,

4.30%,

3/15/33,

Callable

1/15/33

@

.......................

8,220

8,044

Baxter

International,

Inc.,

4.90%,

12/15/30,

Callable

11/15/30

@

..................

1,450

1,431

CVS

Health

Corp.

5.25%,

1/30/31,

Callable

11/30/30

@

..................................

1,180

1,206

5.25%,

2/21/33,

Callable

11/21/32

@

..................................

7,765

7,854

DENTSPLY

SIRONA,

Inc.,

8.38%

(H15T5Y+438bps),

9/12/55,

Callable

6/12/30

@

100(b)

.

9,455

9,233

Elevance

Health,

Inc.

5.15%,

6/15/29,

Callable

5/15/29

@

..................................

3,240

3,301

5.38%,

6/15/34,

Callable

3/15/34

@

..................................

2,220

2,249

Eli

Lilly

&

Co.,

5.55%,

10/15/55,

Callable

4/15/55

@

..........................

2,905

2,868

GE

Healthcare

Technologies,

Inc.,

5.50%,

6/15/35,

Callable

3/15/35

@

.............

4,080

4,163

HCA,

Inc.,

5.50%,

3/1/32,

Callable

1/1/32

@

................................

6,265

6,423

Health

Care

Service

Corp.

A

Mutual

Legal

Reserve

Co.,

5.20%,

6/15/29,

Callable

5/15/29

@

100(a)

...........................................................

2,570

2,607

Humana,

Inc.,

5.38%,

4/15/31,

Callable

2/15/31

@

............................

2,500

2,527

Novartis

Capital

Corp.

4.60%,

3/18/33,

Callable

1/18/33

@

..................................

4,000

3,983

5.70%,

3/18/56,

Callable

9/18/55

@

..................................

2,685

2,704

Zoetis,

Inc.,

5.00%,

8/17/35,

Callable

5/17/35

@

.............................

6,705

6,650

65,243

Industrials

(2.0%):

AECOM,

6.00%,

8/1/33,

Callable

8/1/28

@

103(a)

...............................

8,230

8,221

American

Airlines

Pass

Through

Trust,

3.95%,

7/11/30

............................

904

862

Cummins,

Inc.,

5.30%,

5/9/35,

Callable

2/9/35

@

.............................

17,160

17,491

Delta

Air

Lines,

Inc./SkyMiles

IP

Ltd.,

4.75%,

10/20/28(a)

.........................

10,771

10,755

GE

Vernova,

Inc.,

4.88%,

2/4/36,

Callable

11/4/35

@

..........................

4,330

4,292

Herc

Holdings,

Inc.,

7.25%,

6/15/33,

Callable

6/15/28

@

103.63(a)

...................

2,595

2,659

Honeywell

Aerospace,

Inc.

4.60%,

3/16/33,

Callable

1/16/33

@

100(a)

................................

2,570

2,541

4.95%,

3/16/36,

Callable

12/16/35

@

100(a)

...............................

5,065

5,025

JetBlue

Pass

Through

Trust

2.75%,

5/15/32

....................................................

3,427

3,037

4.00%,

11/15/32

....................................................

1,202

1,139

Johnsonville

Aeroderivative

Combustion

Turbine

Generation

LLC,

5.08%,

10/1/54

........

6,168

5,827

Kennametal,

Inc.,

2.80%,

3/1/31,

Callable

12/1/30

@

..........................

4,125

3,727

Komatsu

Finance

America,

Inc.,

4.20%,

9/18/30,

Callable

8/18/30

@

100(a)

.............

7,240

7,130

Regal

Rexnord

Corp.,

6.30%,

2/15/30,

Callable

12/15/29

@

.....................

3,755

3,934

Textron,

Inc.,

5.50%,

5/15/35,

Callable

2/15/35

@

............................

7,770

7,905

Trans-Allegheny

Interstate

Line

Co.,

5.00%,

1/15/31,

Callable

12/15/30

@

100(a)

.........

1,450

1,473

United

Airlines

Holdings,

Inc.

4.88%,

3/1/29,

Callable

12/1/28

@

...................................

7,145

6,988

5.38%,

3/1/31,

Callable

9/1/30

@

....................................

1,730

1,694

United

Airlines

Pass

Through

Trust,

5.45%,

2/15/37

..............................

3,291

3,353

Verisk

Analytics,

Inc.

4.45%,

3/15/31,

Callable

2/15/31

@

..................................

1,705

1,677

5.25%,

3/15/35,

Callable

12/15/34

@

.................................

3,390

3,361

103,091

Information

Technology

(1.6%):

Broadcom,

Inc.

4.60%,

7/15/30,

Callable

6/15/30

@

..................................

5,520

5,547

3.14%,

11/15/35,

Callable

8/15/35

@

100(a)

................................

978

831

3.19%,

11/15/36,

Callable

8/15/36

@

100(a)

................................

14,123

11,802

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

Security

Description

Principal

Amount

(000) a

Value

(000) CoreWeave,

Inc.,

9.00%,

2/1/31,

Callable

2/1/28

@

104.5(a)

........................

$

8,530

$

8,116

ERP

Operating

LP,

4.95%,

6/15/32,

Callable

4/15/32

@

........................

2,900

2,919

ESC

Gab,

8/20/51(g)(h)

..................................................

5,965

—

Foundry

JV

Holdco

LLC

5.90%,

1/25/30,

Callable

12/25/29

@

100(a)

...............................

7,021

7,266

6.15%,

1/25/32,

Callable

11/25/31

@

100(a)

................................

1,875

1,958

Micron

Technology,

Inc.,

5.80%,

1/15/35,

Callable

10/15/34

@

...................

9,385

9,993

Oracle

Corp.

5.95%,

9/26/55,

Callable

3/26/55

@

..................................

9,752

8,204

6.70%,

2/4/56,

Callable

8/4/55

@

....................................

11,070

10,274

6.85%,

2/4/66,

Callable

8/4/65

@

....................................

6,450

5,930

Qnity

Electronics,

Inc.

5.75%,

8/15/32,

Callable

8/15/28

@

102.88(a)

..............................

2,720

2,723

6.25%,

8/15/33,

Callable

8/15/28

@

103.13(a)

..............................

2,760

2,791

Skyworks

Solutions,

Inc.,

3.00%,

6/1/31,

Callable

3/1/31

@

.....................

8,577

7,648

86,002

Materials

(0.7%):

AngloGold

Ashanti

Holdings

PLC,

3.75%,

10/1/30,

Callable

7/1/30

@

..............

4,092

3,956

Celanese

US

Holdings

LLC,

7.20%,

11/15/33,

Callable

8/15/33

@

.................

8,115

8,656

Cleveland

Cliffs,

Inc.

7.00%,

3/15/32,

Callable

3/15/27

@

103.5(a)

...............................

3,235

3,130

7.63%,

1/15/34,

Callable

1/15/29

@

103.81(a)

..............................

5,795

5,661

Commercial

Metals

Co.,

6.00%,

12/15/35,

Callable

12/15/30

@

103(a)

................

2,905

2,864

Methanex

US

Operations,

Inc.,

6.25%,

3/15/32,

Callable

9/15/31

@

100(a)

..............

7,361

7,531

Novelis

Corp.,

6.38%,

8/15/33,

Callable

8/15/28

@

103.19(a)

.......................

3,106

3,047

34,845

Real

Estate

(0.9%):

Americold

Realty

Operating

Partnership

LP,

5.60%,

5/15/32,

Callable

3/15/32

@

......

2,140

2,117

CBRE

Services,

Inc.,

4.90%,

1/15/33,

Callable

11/15/32

@

......................

1,660

1,637

COPT

Defense

Properties

LP,

4.50%,

10/15/30,

Callable

9/15/30

@

................

1,970

1,944

Cousins

Properties

LP,

4.88%,

3/1/33,

Callable

1/1/33

@

.......................

4,035

3,885

Healthcare

Realty

Holdings

LP,

3.10%,

2/15/30,

Callable

11/15/29

@

..............

8,169

7,689

Highwoods

Realty

LP

4.13%,

3/15/28,

Callable

12/15/27

@

.................................

2,539

2,503

3.05%,

2/15/30,

Callable

11/15/29

@

..................................

2.60%,

2/1/31,

Callable

11/1/30

@

...................................

1,876

1,659

5.35%,

1/15/33,

Callable

11/15/32

@

..................................

1,130

1,103

Invitation

Homes

Operating

Partnership

LP,

4.95%,

1/15/33,

Callable

11/15/32

@

.....

4,200

4,102

LXP

Industrial

Trust

2.70%,

9/15/30,

Callable

6/15/30

@

..................................

4,880

4,449

2.38%,

10/1/31,

Callable

7/1/31

@

...................................

7,870

6,831

UDR,

Inc.,

4.40%,

1/26/29,

Callable

10/26/28

@

.............................

4,865

4,850

Ventas

Realty

LP,

5.10%,

7/15/32,

Callable

5/15/32

@

.........................

4,600

4,625

Vornado

Realty

LP,

5.75%,

2/1/33,

Callable

12/1/32

@

.........................

1,280

1,255

49,023

Utilities

(2.5%):

Alta

Wind

Holdings

LLC,

7.00%,

6/30/35(a)

...................................

American

Electric

Power

Co.,

Inc.

5.80%

(H15T5Y+213bps),

3/15/56,

Callable

12/15/30

@

100(b)

.................

7,770

7,675

6.05%

(H15T5Y+194bps),

3/15/56,

Callable

12/15/35

@

100(b)

.................

3,435

3,404

Basin

Electric

Power

Cooperative,

5.85%,

10/15/55,

Callable

4/15/55

@

100(a)

..........

4,445

4,323

Boston

Gas

Co.,

3.15%,

8/1/27,

Callable

5/1/27

@

100(a)

..........................

2,810

2,765

Entergy

Louisiana

LLC,

5.35%,

3/15/34,

Callable

12/15/33

@

....................

11,150

11,462

Entergy

Texas,

Inc.,

5.25%,

4/15/35,

Callable

1/15/35

@

........................

2,870

2,896

Essential

Utilities,

Inc.,

5.13%,

3/15/36,

Callable

12/15/35

@

....................

2,790

2,751

Eversource

Energy

6.10%

(H15T5Y+252bps),

8/15/56,

Callable

5/15/31

@

100(b)

..................

2,220

2,193

6.35%

(H15T5Y+233bps),

8/15/56,

Callable

5/15/36

@

100(b)

..................

1,180

1,164

ITC

Holdings

Corp.,

5.65%,

5/9/34,

Callable

2/9/34

@

100(a)

.......................

5,420

5,572

Kentucky

Utilities

Co.,

5.85%,

8/15/55,

Callable

2/15/55

@

.....................

2,805

2,789

KeySpan

Gas

East

Corp.,

5.99%,

3/6/33,

Callable

12/6/32

@

100(a)

...................

11,700

12,216

Monongahela

Power

Co.,

5.85%,

2/15/34,

Callable

11/15/33

@

100(a)

.................

4,250

4,462

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

Security

Description

Principal

Amount

(000) a

Value

(000) Public

Service

Co.

of

Colorado,

5.15%,

9/15/35,

Callable

3/15/35

@

...............

$

11,895

$

11,856

Public

Service

Enterprise

Group,

Inc.,

5.40%,

3/15/35,

Callable

12/15/34

@

..........

2,800

2,828

Puget

Energy,

Inc.

2.38%,

6/15/28,

Callable

4/15/28

@

..................................

6,870

6,548

4.10%,

6/15/30,

Callable

3/15/30

@

..................................

6,583

6,380

4.22%,

3/15/32,

Callable

12/15/31

@

.................................

2,120

2,022

San

Diego

Gas

&

Electric

Co.,

5.20%,

3/15/36,

Callable

12/15/35

@

...............

2,080

2,074

Sempra

6.55%

(H15T5Y+214bps),

4/1/55,

Callable

1/1/35

@

100(b)

....................

10,820

10,772

6.38%

(H15T5Y+263bps),

4/1/56,

Callable

1/1/31

@

100(b)

....................

2,645

2,657

Southern

California

Edison

Co.,

5.45%,

6/1/31,

Callable

4/1/31

@

.................

2,810

2,874

Spire,

Inc.,

6.45%

(H15T5Y+233bps),

6/1/56,

Callable

3/1/36

@

100(b)

...............

2,070

2,065

Talen

Energy

Supply

LLC

6.25%,

2/1/34,

Callable

10/15/28

@

103.13(a)

..............................

4,670

4,618

6.50%,

2/1/36,

Callable

10/15/30

@

103.25(a)

..............................

4,670

4,702

Vistra

Operations

Co.

LLC

4.60%,

10/15/30,

Callable

9/15/30

@

100(a)

...............................

3,660

3,588

4.70%,

1/31/31,

Callable

12/31/30

@

100(a)

...............................

1,185

1,166

5.35%,

1/31/36,

Callable

10/31/35

@

100(a)

...............................

1,690

1,653

WEC

Energy

Group,

Inc.,

5.63%

(H15T5Y+191bps),

5/15/56,

Callable

2/15/31

@

100(b)

...

1,460

1,431

131,137

Total

Corporate

Bonds

(Cost

$1,248,980)

a

a

a

1,224,254

Insurance-Linked

Securities

(3.3%)

Collateralized

Reinsurance

(0.4%):

Multiperil

-

Massachusetts

-

(0.0%):(f)

Portsalon

Re,

5/31/28(h)(k)(l)(m)

...........................................

500

Multiperil

-

U.S.

-

(0.3%):

Pi0047

Re,

6/30/31(h)(k)(l)(m)

.............................................

11,350

12,542

Multiperil

-

U.S.

+

CAN

-

(0.0%):(f)

Macclesfield

Re,

2/28/28(h)(k)(l)(m)

.........................................

627

623

Multiperil

-

Worldwide

-

(0.1%):

Gamboge

Re,

3/31/30(h)(k)(l)(m)

...........................................

6,000

2,791

Merion

Re

12/31/30(h)(k)(l)(m)

.................................................

750

12/31/31(h)(k)(l)(m)

.................................................

750

692

Old

Head

Re,

12/31/31(h)(k)(l)(m)

..........................................

500

Phoenix

RE

Pte

Ltd.,

1/4/39,

Callable

5/2/26

@

100(g)(l)

.........................

1,250

1,524

Pi0051

Cheltenham

Re,

5/31/29(h)(k)(l)(m)

....................................

1,250

1,285

Pine

Valley

Re,

12/31/31(h)(k)(l)(m)

.........................................

1,000

884

Sector

Re

V,

12/1/29(a)(h)(l)(m)

............................................

Walton

Heath

Re,

12/15/27(h)(k)(l)(m)

.......................................

2,500

21,657

Event

Linked

Bonds

(2.0%):

Earthquake

-

California

-

(0.0%):(f)

Ursa

Re

II,

8.66%

(MSMMUSTF+500bps),

12/7/29,

Callable

12/7/27

@

102.75(a)(b)(m)

...

650

644

Earthquake

-

U.S.

-

(0.0%):(f)

Acorn

Re,

6.64%

(GSMMUSTF+310bps),

11/5/27,

Callable

5/2/26

@

102.5(a)(b)(m)

......

500

506

Herbie

Re,

7.78%

(MSMMUSTF+425bps),

1/7/30,

Callable

1/7/27

@

103(a)(b)(m)

.......

500

500

Veraison

Re

4.03%,

(GSMMUSTI+415bps),

3/8/29,

Callable

3/8/27

@

102.25(a)(b)(m)

.........

500

500

6.44%,

(GSMMUSTI+290bps),

3/8/29,

Callable

3/8/27

@

102.25(a)(b)(m)

.........

500

Flood

-

U.S.

-

(0.1%):

FloodSmart

Re,

17.87%

(FHMMUSTF+1436bps),

3/12/27(a)(b)(m)

..................

1,500

1,571

Health

-

U.S.

-

(0.2%):

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

Security

Description

Principal

Amount

(000) a

Value

(000) Vitality

Re

XIV

7.01%,

(FHMMUSTF+350bps),

1/5/27(a)(b)(m)

............................

$

6,000

$

6,065

8.01%,

(FHMMUSTF+450bps),

1/5/27(a)(b)(m)

............................

750

761

Vitality

Re

XVII,

5.54%

(GSMMUSTI+200bps),

1/8/30(a)(b)(m)

....................

3,500

3,495

Multiperil

-

Florida

-

(0.0%):(f)

Sanders

Re

III,

11.28%

(BRMMUSDF+772bps),

6/5/26(a)(b)(m)

.....................

1,500

1,515

Multiperil

-

Massachusetts

-

(0.0%):(f)

Mayflower

Re,

7.01%

(FHMMUSTF+350bps),

7/7/28,

Callable

7/7/26

@

102.75(a)(b)(m)

..

1,000

1,017

Multiperil

-

U.S.

-

(0.6%):

Aquila

Re

I,

8.95%

(BRMMUSDF+539bps),

6/7/27,

Callable

5/2/26

@

106(a)(b)(m)

......

1,250

1,278

Bonanza

Re

7.28%,

(MSMMUSTF+375bps),

12/19/27(a)(b)(m)

..........................

9.03%,

(MSMMUSTF+550bps),

12/19/27(a)(b)(m)

..........................

1,250

1,262

Commonwealth

Re,

7.31%

(JMMMUSTF+375bps),

7/10/28,

Callable

6/10/26

@

103(a)(b)(m)

1,000

1,020

Foundation

Re

IV,

7.16%

(JMMMUSTF+350bps),

1/7/30,

Callable

1/1/27

@

102.5(a)(b)(m)

.

1,000

1,005

Four

Lakes

Re

9.36%,

(BRMMUSDF+580bps),

1/7/27,

Callable

5/2/26

@

102.5(a)(b)(m)

.........

750

760

9.06%,

(BRMMUSDF+550bps),

1/7/28,

Callable

12/31/26

@

102(a)(b)(m)

.........

750

766

11.81%,

(BRMMUSDF+825bps),

1/7/28,

Callable

12/31/26

@

102.75(a)(b)(m)

......

6.81%,

(BRMMUSDF+325bps),

1/8/29,

Callable

12/31/27

@

101.25(a)(b)(m)

......

500

9.56%,

(BRMMUSDF+600bps),

1/8/29,

Callable

12/31/27

@

101.5(a)(b)(m)

.......

1,000

991

Fuchsia

London

Bridge

PCC,

2024-1,

8.68%

(FRMMUSTI+514bps),

4/6/28,

Callable

5/2/26

@

104(a)(b)(m)

....................................................

1,000

1,027

Herbie

Re,

10.81%

(JMMMUSTF+725bps),

1/8/29,

Callable

12/31/27

@

102(a)(b)(m)

.....

500

505

High

Point

Re,

9.20%

(BRMMUSDF+564bps),

1/6/27,

Callable

5/2/26

@

102.25(a)(b)(m)

..

3,500

3,513

Matterhorn

Re,

11.31%

(BRMMUSDF+775bps),

2/16/29,

Callable

2/10/27

@

103.9(a)(b)(m)

Merna

Re

Companywide,

10.56%

(JMMMUSTF+700bps),

7/7/28(a)(b)(m)

.............

1,000

1,042

Merna

Re

Enterprise,

11.31%

(JMMMUSTF+775bps),

7/7/28(a)(b)(m)

................

500

514

Merna

Reinsurance

II

11.01%,

(GSMMUSTI+747bps),

7/7/27(a)(b)(m)

............................

1,000

1,035

12.03%,

(GSMMUSTI+849bps),

7/7/27,

Callable

6/30/26

@

103.25(a)(b)(m)

.......

2,000

2,067

Mystic

Re

IV,

15.54%

(GSMMUSTI+1200bps),

1/8/27(a)(b)(m)

.....................

1,500

1,531

Residential

Re

11.15%,

(JMMMUSTF+759bps),

12/6/26(a)(b)(m)

..........................

1,750

1,781

9.53%,

(JMMMUSTF+597bps),

12/6/27(a)(b)(m)

...........................

1,000

1,040

12.26%,

(JMMMUSTF+870bps),

12/6/27(a)(b)(m)

..........................

2,500

2,586

8.94%,

(JMMMUSTF+538bps),

12/6/28(a)(b)(m)

...........................

1,250

1,280

10.50%,

(JMMMUSTF+694bps),

12/6/28(a)(b)(m)

..........................

1,250

1,268

Sanders

Re

II

7.54%,

(GSMMUSTI+400bps),

4/7/28(a)(b)(m)

............................

750

769

8.04%,

(GSMMUSTI+450bps),

4/7/28(a)(b)(m)

............................

750

768

7.55%,

(BRMMUSDF+399bps),

4/7/29(a)(b)(m)

............................

3,000

3,046

8.92%,

(BRMMUSDF+536bps),

4/7/29(a)(b)(m)

............................

3,000

3,046

7.79%,

(GSMMUSTI+425bps),

4/8/30(a)(b)(m)

............................

750

791

8.29%,

(GSMMUSTI+475bps),

4/8/30(a)(b)(m)

............................

750

787

Sanders

Re

III

9.55%,

(BRMMUSDF+599bps),

4/7/27(a)(b)(m)

............................

1,000

1,028

9.12%,

(BRMMUSDF+556bps),

4/7/28(a)(b)(m)

............................

1,000

1,040

8.66%,

(3

Month

U.S.

Treasury

Bill+500bps),

4/8/30(a)(b)(m)

..................

8.66%,

(3

Month

U.S.

Treasury

Bill+500bps),

4/7/31(a)(b)(m)

..................

600

599

Sanders

Re

IV

7.04%,

(HSMMUSTF+350bps),

4/8/30(a)(b)(m)

............................

7.04%,

(HSMMUSTF+350bps),

4/7/31(a)(b)(m)

............................

600

599

Skyline

Re

II,

2025-1,

7.16%

(1

Month

U.S.

Treasury

Bill+350bps),

1/7/30,

Callable

1/7/27

@

103.25(a)(b)(m)

....................................................

500

Multiperil

-

U.S.

+

CAN

-

(0.0%):(f)

Atlas

Capital

DAC,

2024,

15.87%

(SOFR+1222bps),

6/8/27(a)(b)(m)

.................

750

813

Easton

Re,

11.06%

(BRMMUSDF+750bps),

1/8/27(a)(b)(m)

........................

Galileo

Re

10.54%,

(GSMMUSTI+700bps),

1/7/28,

Callable

5/2/26

@

104.5(a)(b)(m)

.........

1,250

1,293

6.81%,

(JMMMUSTF+325bps),

1/8/30,

Callable

1/8/27

@

103(a)(b)(m)

...........

500

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

Security

Description

Principal

Amount

(000) a

Value

(000) Montoya

Re,

8.91%

(JMMMUSTF+525bps),

4/9/30,

Callable

4/15/27

@

104.5(a)(b)(m)

....

$

500

$

Multiperil

-

U.S.

Northeast

-

(0.0%):(f)

Locke

Tavern

Re,

4.06%

(JMMMUSTF+50bps),

4/9/29,

Callable

4/9/27

@

102(a)(b)(m)

...

500

Multiperil

-

U.S.

Regional

-

(0.1%):

Aquila

Re

I,

10.80%

(BNMMDTSC+726bps),

6/8/26(a)(b)(m)

......................

850

858

Locke

Tavern

Re,

8.50%

(GSMMUSTI+496bps),

4/9/26(a)(b)(m)

....................

1,000

1,000

Long

Point

Re

IV,

7.81%

(BRMMUSDF+425bps),

6/1/26,

Callable

5/2/26

@

101.5(a)(b)(m)

.

3,500

3,504

Multiperil

-

Worldwide

-

(0.1%):

Atlas

Capital

DAC,

11.22%

(SOFR+757bps),

6/5/26(a)(b)(m)

.......................

2,000

2,050

Bridge

Street

Re,

11.41%

(JMMMUSTF+775bps),

1/8/29,

Callable

1/7/27

@

104.5(a)(b)(m)

.

1,000

1,005

Cat

Re,

15.80%

(JMMMUSTF+1224bps),

1/8/27(a)(b)(m)

.........................

750

763

Kendall

Re,

9.79%

(GSMMUSTI+625bps),

4/30/27(a)(b)(m)

.......................

1,000

1,025

Silk

Road

Re,

9.54%

(BNMMDTSC+600bps),

1/10/28,

Callable

5/2/26

@

104.75(a)(b)(m)

..

Wind

Storm

-

Florida

-

(0.0%):(f)

Integrity

Re

16.83%,

(FHMMUSTF+1332bps),

6/6/26(a)(b)(m)

..........................

900

918

4.01%,

(FHMMUSTF+50bps),

6/6/30(a)(b)(m)

.............................

Integrity

Re

III

11.51%,

(FHMMUSTF+800bps),

6/6/28(a)(b)(m)

...........................

750

766

13.26%,

(FHMMUSTF+975bps),

6/6/28(a)(b)(m)

...........................

750

770

Marlon,

10.87%

(JMMMUSTF+731bps),

6/7/27,

Callable

7/1/26

@

104.25(a)(b)(m)

......

Merna

Reinsurance

II,

12.29%

(GSMMUSTI+875bps),

7/7/27(a)(b)(m)

................

1,000

1,035

Palm

Re,

11.29%

(BNMMDTSC+775bps),

6/7/28,

Callable

6/1/26

@

106.5(a)(b)(m)

......

750

772

Wind

Storm

-

Louisiana

-

(0.0%):(f)

Bayou

Re,

22.60%

(JMMMUSTF+1904bps),

5/26/26(a)(b)(m)

......................

750

769

Wind

Storm

-

Massachusetts

-

(0.0%):(f)

Mayflower

Re,

8.44%

(FHMMUSTF+493bps),

7/8/27,

Callable

7/8/26

@

101.25(a)(b)(m)

..

1,000

1,026

Wind

Storm

-

North

Carolina

-

(0.2%):

Blue

Ridge

Re

8.76%,

(FHMMUSTF+525bps),

1/8/27(a)(b)(m)

............................

1,000

1,008

11.50%,

(FHMMUSTF+799bps),

1/8/27(a)(b)(m)

...........................

1,750

1,779

7.01%,

(FHMMUSTF+350bps),

1/8/29,

Callable

1/8/27

@

103(a)(b)(m)

...........

9.51%,

(FHMMUSTF+600bps),

1/8/29,

Callable

1/8/27

@

104.5(a)(b)(m)

.........

Cape

Lookout

Re,

10.41%

(FHMMUSTF+690bps),

3/13/28,

Callable

3/14/27

@

102.25(a)(b)

(m) .............................................................

2,250

2,345

Wind

Storm

-

Texas

-

(0.0%):(f)

Alamo

Re

12.59%,

(FHMMUSTF+908bps),

6/7/26(a)(b)(m)

...........................

1,250

1,265

10.05%,

(FHMMUSTF+654bps),

6/7/27(a)(b)(m)

...........................

500

515

11.94%,

(FHMMUSTF+843bps),

6/7/27(a)(b)(m)

...........................

Wind

Storm

-

U.S.

-

(0.5%):

Cape

Lookout

Re,

10.71%

(FHMMUSTF+720bps),

4/28/26(a)(b)(m)

..................

1,950

1,956

Gateway

Re

II,

13.13%

(BRMMUSDF+957bps),

4/27/26(a)(b)(m)

...................

Mayflower

Re

8.56%,

(FHMMUSTF+505bps),

7/8/26(a)(b)(m)

............................

3,750

3,781

10.02%,

(FHMMUSTF+651bps),

7/8/26(a)(b)(m)

...........................

3,543

3,584

Merna

Reinsurance

II,

14.01%

(GSMMUSTI+1047bps),

7/7/26(a)(b)(m)

...............

8,250

8,440

Purple

Re,

16.69%

(TSFR1M+1301bps),

4/24/26(a)(b)(m)

.........................

1,250

1,258

Wind

Storm

-

U.S.

Gulf

-

(0.0%):(f)

Windrose

Re,

11.66%

(3

Month

U.S.

Treasury

Bill+800bps),

2/13/29,

Callable

2/15/27

@

104(a)(b)(m)

......................................................

1,000

1,003

Wind

Storm

-

U.S.

Multistate

-

(0.1%):

Chartwell

Re

9.56%,

(JMMMUSTF+600bps),

6/7/28,

Callable

6/7/26

@

103.75(a)(b)(m)

.........

750

774

10.56%,

(JMMMUSTF+700bps),

6/7/28,

Callable

6/7/26

@

104.5(a)(b)(m)

.........

500

515

Commonwealth

Re,

7.42%

(JMMMUSTF+386bps),

7/8/26(a)(b)(m)

..................

2,500

2,513

Gateway

Re,

9.46%

(BRMMUSDF+590bps),

7/8/27,

Callable

6/16/26

@

103.25(a)(b)(m)

...

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

Security

Description

Principal

Amount

(000) a

Value

(000) Wind

Storm

-

U.S.

Northeast

-

(0.1%):

Citrus

Re,

8.91%

(3

Month

U.S.

Treasury

Bill+525bps),

6/7/29,

Callable

6/1/27

@

102.75(a)(b)

(m) .............................................................

$

500

$

500

Windrose

Re,

8.79%

(HSMMUSTF+525bps),

2/13/29,

Callable

2/15/27

@

102.5(a)(b)(m)

..

2,500

2,489

114,286

Reinsurance

Sidecars

(0.9%):

Multiperil

-

U.S.

-

(0.1%):

Carnoustie

Re,

12/31/31(h)(k)(l)(m)

.........................................

2,000

2,092

Multiperil

-

Worldwide

-

(0.8%):

Alturas

Re

7/31/26(h)(k)(l)(m)

.................................................

12/31/27(h)(k)(l)(m)

.................................................

3,497

Bantry

Re

6/30/31(h)(k)(l)(m)

.................................................

4,500

5,150

12/31/31(h)(k)(l)(m)

.................................................

5,552

5,880

Berwick

Re,

12/31/31(h)(k)(l)(m)

...........................................

2,775

2,671

Eden

Re

II

3/19/27(a)(h)(l)(m)

..................................................

3/17/28(a)(h)(l)(m)

..................................................

3/19/30(a)(h)(l)(m)

..................................................

3,400

Gleneagles

Re,

2022,

12/31/27(h)(k)(l)(m)

.....................................

1,250

Gullane

Re,

12/31/31(h)(k)(l)(m)

............................................

4,820

3,796

Pangaea

Re

7/1/31(h)(k)(l)(m)

..................................................

3,000

3,708

12/31/31(h)(l)(m)

...................................................

2,000

2,088

Sector

Re

V,

12/1/30(a)(h)(l)(m)

............................................

6,000

6,441

Thopas

Re

12/31/26(h)(k)(m)(n)

................................................

7,000

12/31/26(h)(k)(m)(n)

................................................

6,000

12/31/27(h)(k)(m)(n)

................................................

4,000

12/31/28(h)(k)(m)(n)

................................................

4,256

—

12/31/29(h)(k)(m)(n)

................................................

4,256

12/31/30(h)(k)(m)(n)

................................................

4,000

12/31/31(h)(k)(m)(n)

................................................

4,650

4,800

Viribus

Re

12/31/26(h)(k)(m)(n)

................................................

3,650

—

12/31/26(h)(k)(m)(n)

................................................

1,000

—

12/31/28(h)(k)(m)(n)

................................................

2,000

—

37,849

Total

Insurance-Linked

Securities

(Cost

$170,186)

a

a

a

173,792

Yankee

Dollars

(11.9%)

Communication

Services

(0.2%):

Orange

SA

4.75%,

1/13/33,

Callable

11/13/32

@

100(a)

................................

3,735

3,693

5.00%,

1/13/36,

Callable

10/13/35

@

100(a)

...............................

4,540

4,460

8,153

Consumer

Discretionary

(0.1%):

CRH

SMW

Finance

DAC,

5.13%,

1/9/30,

Callable

12/9/29

@

....................

6,270

6,378

Consumer

Staples

(0.4%):

Imperial

Brands

Finance

PLC,

5.50%,

2/1/30,

Callable

1/1/30

@

100(a)

................

15,890

16,297

JBS

NV/JBS

USA

Foods

Group

Holdings,

Inc./JBS

USA

Food

Co.

Holdings

3.00%,

2/2/29,

Callable

12/2/28

@

...................................

3,430

3,290

3.00%,

5/15/32,

Callable

2/15/32

@

..................................

1,654

1,470

21,057

Energy

(0.7%):

Aker

BP

ASA,

5.25%,

10/30/35,

Callable

7/30/35

@

100(a)

........................

8,160

7,935

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

Security

Description

Principal

Amount

(000) a

Value

(000) Enbridge,

Inc.

5.55%,

6/20/35,

Callable

3/20/35

@

..................................

$

7,555

$

7,717

7.20%

(H15T5Y+297bps),

6/27/54,

Callable

3/27/34

@

100(b)

..................

3,800

3,997

7.38%

(H15T5Y+312bps),

3/15/55,

Callable

12/15/29

@

100(b)

.................

3,800

3,992

8.50%

(H15T5Y+443bps),

1/15/84,

Callable

10/15/33

@

100(b)

.................

5,290

5,951

Harbour

Energy

PLC,

5.50%,

10/15/26,

Callable

5/2/26

@

100(a)

....................

1,225

1,217

Nakilat,

Inc.,

6.27%,

12/31/33(a)

............................................

1,246

1,243

South

Bow

Canadian

Infrastructure

Holdings

Ltd.

7.50%

(H15T5Y+367bps),

3/1/55,

Callable

12/1/34

@

100(b)

...................

2,555

2,660

7.63%

(H15T5Y+395bps),

3/1/55,

Callable

12/1/29

@

100(b)

...................

4,385

4,515

39,227

Financials

(7.9%):

ABN

AMRO

Bank

NV,

3.32%

(H15T5Y+190bps),

3/13/37,

Callable

12/13/31

@

100(a)(b)

..

18,000

16,066

AerCap

Ireland

Capital

DAC/AerCap

Global

Aviation

Trust,

3.30%,

1/30/32,

Callable

10/30/31

@

...........................................................

26,796

24,337

African

Development

Bank,

5.88%

(H15T5Y+165bps),

Callable

5/7/35

@

100(b)(j)

.......

7,115

6,930

Allianz

SE

6.55%

(H15T5Y+232bps),

Callable

10/30/33

@

100(a)(b)(j)

....................

7,600

7,614

5.60%

(H15T5Y+277bps),

9/3/54,

Callable

3/3/34

@

100(a)(b)

..................

4,000

3,967

Australia

&

New

Zealand

Banking

Group

Ltd.,

5.73%

(H15T5Y+162bps),

9/18/34,

Callable

9/18/29

@

100(a)(b)

.................................................

9,070

9,294

Avolon

Holdings

Funding

Ltd.

6.38%,

5/4/28,

Callable

4/4/28

@

100(a)

..................................

11,740

12,084

4.70%,

1/30/31,

Callable

12/30/30

@

100(a)

...............................

1,665

1,631

Banco

Santander

SA

2.75%,

12/3/30

....................................................

2,800

2,508

3.23%

(H15T1Y+160bps),

11/22/32,

Callable

8/22/31

@

100(b)

.................

17,000

15,259

6.92%,

8/8/33

.....................................................

3,200

3,454

Banque

Federative

du

Credit

Mutuel

SA,

4.54%,

1/15/31(a)

........................

4,960

4,891

Banque

Ouest

Africaine

de

Developpement

5.00%,

7/27/27(a)

..................................................

2,030

2,018

4.70%,

10/22/31,

Callable

7/22/31

@

100(a)

...............................

6,560

6,012

BNP

Paribas

SA

6.88%

(H15T5Y+285bps),

Callable

12/15/33

@

100(a)(b)(j)

....................

4,935

4,769

7.38%

(H15T5Y+354bps),

Callable

9/10/34

@

100(a)(b)(j)

.....................

1,222

1,225

7.45%

(H15T5Y+313bps),

Callable

6/27/35

@

100(a)(b)(j)

.....................

12,555

12,602

2.16%

(SOFR+122bps),

9/15/29,

Callable

9/15/28

@

100(a)(b)

..................

7,275

6,853

5.50%

(SOFR+159bps),

5/20/30,

Callable

5/20/29

@

100(a)(b)

..................

2,870

2,939

BPCE

SA

3.12%

(SOFR+173bps),

10/19/32,

Callable

10/19/31

@

100(a)(b)

................

4,875

4,307

5.94%

(SOFR+185bps),

5/30/35,

Callable

5/30/34

@

100(a)(b)

..................

3,220

3,293

Canadian

Imperial

Bank

of

Commerce,

4.63%

(SOFR+134bps),

9/11/30,

Callable

9/11/29

@

100(b)

...........................................................

8,420

8,429

Credit

Agricole

SA

5.22%

(SOFR+146bps),

5/27/31,

Callable

5/27/30

@

100(a)(b)

..................

3,545

3,588

5.26%

(SOFR+143bps),

1/12/37,

Callable

1/12/36

@

100(a)(b)

..................

9,950

9,734

Deutsche

Bank

AG,

4.47%

(SOFR+110bps),

12/10/31,

Callable

12/10/30

@

100(b)

.......

4,020

3,953

Hanwha

Life

Insurance

Co.

Ltd.,

6.30%

(H15T5Y+229bps),

6/24/55,

Callable

6/24/30

@

100(a)(b)

.........................................................

3,299

3,373

HSBC

Holdings

PLC

7.00%

(H15T5Y+280bps),

Callable

9/24/35

@

100(b)(j)

.......................

2,815

2,787

6.16%

(SOFR+197bps),

3/9/29,

Callable

3/9/28

@

100(b)

......................

5,835

6,003

2.21%

(SOFR+129bps),

8/17/29,

Callable

8/17/28

@

100(b)

....................

10,240

9,693

5.29%

(SOFR+129bps),

11/19/30,

Callable

11/19/29

@

100(b)

..................

7,400

7,534

2.87%

(SOFR+141bps),

11/22/32,

Callable

11/22/31

@

100(b)

..................

11,015

9,856

5.74%

(SOFR+196bps),

9/10/36,

Callable

9/10/35

@

100(b)

....................

5,910

5,917

5.28%

(SOFR+155bps),

3/10/37,

Callable

3/10/36

@

100(b)

....................

6,200

6,089

ING

Groep

NV,

4.25%

(H15T5Y+286bps),

Callable

5/16/31

@

100(b)(j)

...............

10,813

9,366

Kilimanjaro

II

Re

Ltd.

7.53%

(GSMMUSTI+400bps),

7/9/29,

Callable

7/8/26

@

104.5(a)(b)

.............

750

768

10.03%

(GSMMUSTI+650bps),

7/9/29,

Callable

7/8/26

@

105.25(a)(b)

............

500

514

7.53%

(GSMMUSTI+400bps),

7/8/30,

Callable

7/8/26

@

106(a)(b)

...............

500

515

10.03%

(GSMMUSTI+650bps),

7/8/30,

Callable

7/8/26

@

107(a)(b)

..............

750

765

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

Security

Description

Principal

Amount

(000) a

Value

(000) Lloyds

Banking

Group

PLC,

4.43%

(H15T1Y+82bps),

11/4/31,

Callable

11/4/30

@

100(b)

..

$

2,695

$

2,657

Manulife

Financial

Corp.,

4.99%,

12/11/35,

Callable

9/11/35

@

..................

4,750

4,640

Meiji

Yasuda

Life

Insurance

Co.,

6.10%

(H15T5Y+291bps),

6/11/55,

Callable

6/11/35

@

100(a)(b)

.........................................................

17,390

17,406

Mitsubishi

UFJ

Financial

Group,

Inc.,

2.49%

(H15T1Y+97bps),

10/13/32,

Callable

10/13/31

@

100(b)

.........................................................

3,490

3,084

Nationwide

Building

Society,

5.13%,

7/29/29(a)

.................................

11,395

11,577

NatWest

Group

PLC,

6.48%

(H15T5Y+220bps),

6/1/34,

Callable

3/1/29

@

100(b)

........

6,575

6,824

Nippon

Life

Insurance

Co.

2.90%

(H15T5Y+260bps),

9/16/51,

Callable

9/16/31

@

100(a)(b)

................

9,700

8,492

6.50%

(H15T5Y+319bps),

4/30/55,

Callable

4/30/35

@

100(a)(b)

................

1,930

1,990

Nomura

Holdings,

Inc.,

3.00%,

1/22/32

.......................................

14,325

12,880

Nordea

Bank

Abp,

3.75%

(H15T5Y+260bps),

Callable

3/1/29

@

100(a)(b)(j)

............

8,023

7,439

Societe

Generale

SA,

6.10%

(H15T1Y+160bps),

4/13/33,

Callable

4/13/32

@

100(a)(b)

....

12,465

12,950

Sumitomo

Life

Insurance

Co.,

5.88%

(H15T5Y+265bps),

9/10/55,

Callable

9/10/35

@

100(a)

(b) .............................................................

20,040

19,608

Sumitomo

Mitsui

Financial

Group,

Inc.

4.49%

(SOFR+102bps),

1/15/32,

Callable

1/15/31

@

100(b)

....................

7,015

6,908

5.33%

(H15T5Y+130bps),

3/3/41,

Callable

3/3/36

@

100(b)

....................

7,075

6,860

The

Bank

of

Nova

Scotia,

4.81%

(SOFR+105bps),

2/2/34,

Callable

2/2/33

@

100(b)

.......

6,205

6,117

The

Dai-ichi

Life

Insurance

Co.

Ltd.,

6.20%

(H15T5Y+252bps),

Callable

1/16/35

@

100(a)(b)

(j) ..............................................................

3,185

3,204

The

Norinchukin

Bank,

4.67%,

9/9/30(a)

......................................

2,760

2,736

UBS

Group

AG

4.59%

(SOFR+105bps),

8/10/32,

Callable

8/10/31

@

100(a)(b)

..................

9,940

9,770

2.75%

(H15T1Y+110bps),

2/11/33,

Callable

2/11/32

@

100(a)(b)

................

12,330

10,904

6.30%

(H15T1Y+200bps),

9/22/34,

Callable

9/22/33

@

100(a)(b)

................

3,635

3,864

UniCredit

SpA

7.30%

(USISOA05+491bps),

4/2/34,

Callable

4/2/29

@

100(a)(b)

................

7,483

7,875

5.46%

(H15T5Y+475bps),

6/30/35,

Callable

6/30/30

@

100(a)(b)

................

4,578

4,570

413,292

Health

Care

(0.0%):(f)

Teva

Pharmaceutical

Finance

Netherlands

III

BV,

5.13%,

5/9/29,

Callable

2/9/29

@

....

2,720

2,711

Industrials

(0.7%):

Air

Canada

Pass

Through

Trust,

3.30%,

1/15/30(a)

...............................

3,912

3,741

Danaos

Corp.,

6.88%,

10/15/32,

Callable

10/15/28

@

103.44(a)

......................

5,325

5,411

Element

Fleet

Management

Corp.

5.64%,

3/13/27,

Callable

2/13/27

@

100(a)

................................

2,580

2,601

5.04%,

3/25/30,

Callable

2/25/30

@

100(a)

................................

10,900

11,001

4.64%,

11/24/30,

Callable

10/24/30

@

100(a)

...............................

3,320

3,273

Transurban

Finance

Co.

Pty

Ltd.,

4.92%,

3/24/36,

Callable

12/24/35

@

100(a)

...........

5,214

5,099

Waste

Connections,

Inc.,

5.25%,

9/1/35,

Callable

6/1/35

@

......................

5,810

5,928

37,054

Information

Technology

(0.1%):

Flex

Ltd.,

5.38%,

11/13/35,

Callable

8/13/35

@

..............................

3,465

3,405

Materials

(0.5%):

Corp

Nacional

del

Cobre

de

Chile,

6.78%,

1/13/55,

Callable

7/13/54

@

100(a)

...........

5,810

6,153

First

Quantum

Minerals

Ltd.

8.63%,

6/1/31,

Callable

6/1/26

@

104.31(a)

................................

8,260

8,565

7.25%,

2/15/34,

Callable

2/15/29

@

103.63(a)

..............................

2,210

2,250

6.38%,

2/15/36,

Callable

2/15/31

@

103.19(a)

..............................

1,705

1,640

Minerva

Luxembourg

SA,

4.38%,

3/18/31,

Callable

4/12/26

@

102.19(a)

...............

6,708

6,073

24,681

Sovereign

Bond

(1.0%):

Kuwait

International

Government

Bond,

4.65%,

10/9/35(a)

.........................

12,015

11,537

Mexico

Government

International

Bond

5.63%,

2/9/34,

Callable

12/9/33

@

...................................

4,405

4,308

6.88%,

5/13/37,

Callable

2/13/37

@

..................................

7,095

7,432

Peruvian

Government

International

Bond,

5.50%,

3/30/36,

Callable

12/30/35

@

.......

12,945

12,898

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

Security

Description

Principal

Amount

(000) a

Value

(000) Saudi

Government

International

Bond,

4.13%,

1/12/29(a)

..........................

$

13,960

$

13,747

49,922

Utilities

(0.3%):

Algonquin

Power

&

Utilities

Corp.,

5.37%,

6/15/26(o)

............................

1,530

1,531

Enel

Finance

International

NV,

5.00%,

9/30/35,

Callable

6/30/35

@

100(a)

..............

13,000

12,607

14,138

Total

Yankee

Dollars

(Cost

$625,410)

a

a

a

620,018

U.S.

Government

Agency

Mortgages

(27.5%)

Single

Family

Pass-throughs

(0.0%):

Government

National

Mortgage

Association

7.00%,

8/20/27

-

11/20/31

.............................................

6.50%,

3/20/29

-

10/20/32

.............................................

7.50%,

8/20/30

....................................................

6.00%,

10/20/31

-

10/20/33

............................................

5.00%,

8/20/39

-

10/20/39

.............................................

Federal

Home

Loan

Mortgage

Corporation

3.00%,

10/1/29

-

9/1/52

..............................................

47,944

42,489

6.50%,

11/1/30

-

4/1/56

..............................................

45,960

48,077

7.00%,

11/1/30

-

9/1/55

..............................................

15,444

16,370

6.00%,

1/1/33

-

4/1/56

...............................................

48,239

49,465

5.50%,

11/1/34

-

4/1/55

..............................................

79,650

80,384

5.00%,

5/1/40

-

3/1/55

...............................................

12,149

12,083

2.00%,

2/1/42

-

5/1/52

...............................................

5,552

4,579

1.50%,

3/1/42

.....................................................

34,958

29,187

4.00%,

10/1/42

-

6/1/52

..............................................

4,309

4,151

3.50%,

7/1/45

-

4/1/52

...............................................

13,126

12,326

4.50%,

3/1/47

.....................................................

2.50%,

1/1/51

-

5/1/52

...............................................

36,528

31,171

330,310

Federal

National

Mortgage

Association

5.90%,

4/1/28

.....................................................

3.50%,

6/1/28

-

8/1/58

...............................................

16,399

15,270

6.50%,

7/1/29

-

4/1/55

...............................................

30,291

31,655

6.00%,

9/1/29

-

9/1/55

...............................................

56,203

57,866

2.50%,

7/1/30

-

4/1/52

...............................................

153,157

131,957

3.00%,

10/1/30

-

2/1/57

..............................................

32,317

28,814

7.00%,

12/1/30

-

3/1/55

..............................................

4,375

4,626

5.50%,

6/1/33

-

4/1/56

...............................................

46,844

47,391

5.00%,

7/1/34

-

4/1/56

...............................................

16,338

16,317

4.00%,

11/1/34

-

10/1/52

..............................................

18,755

17,898

4.50%,

10/1/35

-

2/1/47

..............................................

5,701

5,642

2.00%,

12/1/41

-

3/1/52

..............................................

34,650

29,482

386,926

Federal

National

Mortgage

Association,

TBA

1.50%,

4/25/41

....................................................

6,000

5,393

2.00%,

4/25/41

....................................................

7,000

6,438

2.50%,

4/25/41

....................................................

4,000

3,778

5.00%,

4/25/41

....................................................

38,000

38,277

5.50%,

4/25/41

-

4/25/56

.............................................

84,700

86,010

3.50%,

4/25/49

....................................................

128,000

117,330

3.00%,

4/25/52

....................................................

32,600

28,629

2.00%,

4/25/56

....................................................

12,200

9,824

4.00%,

4/25/56

....................................................

50,000

47,176

4.50%,

4/25/56

....................................................

71,000

68,515

5.00%,

4/25/56

....................................................

81,600

80,468

491,838

Government

National

Mortgage

Association

7.00%,

5/20/26

-

5/15/32

.............................................

7.50%,

3/15/27

-

2/15/31

.............................................

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

Security

Description

Principal

Amount

(000) a

Value

(000) 5.90%,

1/20/28

-

7/20/28

.............................................

$

$

6.00%,

4/15/28

-

4/20/55

.............................................

25,062

25,505

6.50%,

4/15/28

-

7/15/35

.............................................

7.75%,

2/15/30

....................................................

5.00%,

2/20/32

-

12/20/51

.............................................

4,389

4,437

5.50%,

6/15/33

-

9/20/52

.............................................

887

904

4.50%,

7/15/33

-

6/20/55

.............................................

19,144

18,663

4.00%,

5/15/39

-

4/20/48

.............................................

9,645

9,211

3.50%,

6/20/39

-

8/20/52

.............................................

11,656

10,930

2.00%,

3/20/52

....................................................

8,728

7,215

2.50%,

5/20/52

....................................................

12,059

10,381

3.00%,

6/20/52

....................................................

9,343

8,347

96,2

Government

National

Mortgage

Association,

TBA

4.50%,

4/20/46

....................................................

2,000

1,932

2.00%,

4/20/56

....................................................

20,000

16,517

2.50%,

4/20/56

....................................................

22,000

18,923

3.00%,

4/20/56

....................................................

14,000

12,496

3.50%,

4/20/56

....................................................

5,000

4,585

4.00%,

4/20/56

....................................................

2,000

1,873

5.00%,

4/20/56

....................................................

23,000

22,777

5.50%,

4/20/56

....................................................

28,000

28,178

6.50%,

4/20/56

....................................................

24,000

24,942

132,223

Total

U.S.

Government

Agency

Mortgages

(Cost

$1,452,664)

a

a

a

1,437,719

U.S.

Treasury

Obligations

(23.5%)

U.S.

Treasury

Bills

3.10%,

4/7/26(p)

...................................................

30,000

29,982

3.46%,

4/21/26(p)

..................................................

175,000

174,647

3.48%,

4/23/26(p)

..................................................

110,000

109,756

3.51%,

4/28/26(p)

..................................................

80,000

79,782

U.S.

Treasury

Bonds

4.38%,

8/15/43

....................................................

136,313

128,661

4.63%,

11/15/45

....................................................

66,208

63,860

4.63%,

2/15/46

....................................................

33,000

31,814

2.25%,

2/15/52

....................................................

36,375

21,922

2.88%,

5/15/52

....................................................

57,701

40,017

3.63%,

2/15/53

....................................................

73,375

58,889

4.63%,

11/15/55

....................................................

3,440

3,287

U.S.

Treasury

Inflation

Indexed

Bonds,

1.88%,

7/15/35

............................

50,641

50,398

U.S.

Treasury

Notes

3.50%,

1/31/28

....................................................

27,411

27,254

4.25%,

2/28/29

....................................................

36,260

36,677

3.50%,

9/30/29

....................................................

44,000

43,471

4.63%,

9/30/30

....................................................

44,601

45,867

4.00%,

1/31/31

....................................................

76,000

76,154

4.25%,

2/28/31

....................................................

11,500

11,649

3.63%,

9/30/31

....................................................

42,000

41,204

3.88%,

12/31/32

....................................................

8,815

8,687

4.00%,

11/15/35

....................................................

6,682

6,518

4.13%,

2/15/36

....................................................

136,000

133,875

Total

U.S.

Treasury

Obligations

(Cost

$1,254,777)

a

a

a

1,224,371

Repurchase

Agreements

(2.3%)

Bank

of

America

Corp.,

3.66%,

purchased

on

3/31/26,

with

a

maturity

date

of

4/1/26,

with

a

repurchase

value

of

$54,005

(collateralized

by

U.S.

Treasury

Bonds,

0.00%,

due

2/15/39

-

5/15/45,

with

an

aggregate

value

of

$55,080)

...................................

54,000

54,000

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

(a) Rule

144A

security

or

other

security

that

is

restricted

as

to

resale

to

institutional

investors.

As

of

March

31,

2026,

the

fair

value

of

these

securities

was

$1,662,010

(thousands)

and

amounted

to

31.8%

of

net

assets.

(b) Variable

or

Floating-Rate

Security.

Rate

disclosed

is

as

of

March

31,

2026. (c) Currently

the

issuer

is

in

default

with

respect

to

interest

and/or

principal

payments.

(d) The

rate

for

certain

asset-backed

and

mortgage-backed

securities

may

vary

based

on

factors

relating

to

the

pool

of

assets

underlying

the

security.

The

rate

disclosed

is

the

rate

in

effect

at

March

31,

2026. (e) Security

is

interest

only.

(f) Amount

represents

less

than

0.05%

of

net

assets.

(g) Zero-coupon

bond.

(h) Security

was

fair

valued

using

significant

unobservable

inputs

as

of

March

31,

2026. (i) Rounds

to

less

than

$1

thousand.

(j) Security

is

perpetual

and

has

no

final

maturity

date

but

may

be

subject

to

calls

at

various

dates

in

the

future.

(k) Non-income

producing

security.

(l) Issued

as

participation

notes.

(m) The

following

table

details

the

earliest

acquisition

date

and

cost

of

the

Fund's

restricted

securities

due

to

trading

restrictions

at

March

31,

2026

(amounts

in

thousands):

Security

Description

Principal

Amount

(000) a

Value

(000) Bank

of

America

Corp.,

3.67%,

purchased

on

3/31/26,

with

a

maturity

date

of

4/1/26,

with

a

repurchase

value

of

$67,007

(collateralized

by

Agency

Mortgage-Backed

Securities,

3.50%-

7.00%,

due

6/1/30

-

1/15/61,

with

an

aggregate

value

of

$68,340)

....................

$

67,000

$

67,000

Total

Repurchase

Agreements

(Cost

$121,000)

a

a

a

121,000

Total

Investments

(Cost

$5,849,292)

—

109.9%

5,739,932

Liabilities

in

excess

of

other

assets

— (9.9)%

(515,304)

NET

ASSETS

-

100.00%

$

5,224,628

At

March

31,

2026,

the

Fund's

investments

in

foreign

securities

were

16.1%

of

net

assets.

Security

Name

Acquisition

Date

Cost

Acorn

Re

..................................................

10/25/2024

$

500

Alamo

Re

.................................................

4/12/2023

1,250

Alamo

Re

.................................................

4/4/2024

500

Alamo

Re

.................................................

4/4/2024

Alturas

Re,

2021-3

...........................................

8/16/2021

Alturas

Re,

2022-2

...........................................

1/18/2022

—

Aquila

Re

I

................................................

5/10/2023

850

Aquila

Re

I

................................................

4/26/2024

1,250

Atlas

Capital

DAC

...........................................

5/17/2023

2,000

Atlas

Capital

DAC,

2024

......................................

5/24/2024

750

Bantry

Re

.................................................

7/23/2025

4,256

Bantry

Re

.................................................

1/26/2026

5,552

Bayou

Re

.................................................

12/4/2025

784

Berwick

Re

................................................

2/4/2026

2,775

Blue

Ridge

Re

..............................................

11/14/2023

1,000

Blue

Ridge

Re

..............................................

11/14/2023

1,750

Blue

Ridge

Re

..............................................

11/26/2025

Blue

Ridge

Re

..............................................

11/26/2025

Bonanza

Re

................................................

12/16/2024

Bonanza

Re

................................................

12/16/2024

1,250

Bridge

Street

Re

.............................................

12/22/2025

1,000

Cape

Lookout

Re

............................................

2/27/2025

2,250

Cape

Lookout

Re

............................................

4/14/2023

1,960

Carnoustie

Re

..............................................

1/30/2026

2,000

Cat

Re

....................................................

11/14/2023

750

Chartwell

Re

...............................................

5/2/2025

500

Chartwell

Re

...............................................

5/2/2025

750

Citrus

Re

..................................................

3/13/2026

500

Commonwealth

Re

...........................................

5/30/2025

2,514

Commonwealth

Re

...........................................

5/30/2025

1,000

Easton

Re

.................................................

5/16/2024

Eden

Re

II

.................................................

1/17/2023

—

Eden

Re

II

.................................................

12/27/2024

3,400

Eden

Re

II

.................................................

1/17/2023

—

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

Security

Name

Acquisition

Date

Cost

FloodSmart

Re

..............................................

2/29/2024

$

1,500

Foundation

Re

IV

............................................

12/4/2025

1,000

Four

Lakes

Re

..............................................

12/11/2025

500

Four

Lakes

Re

..............................................

12/11/2025

1,000

Four

Lakes

Re

..............................................

12/11/2024

Four

Lakes

Re

..............................................

12/8/2023

750

Four

Lakes

Re

..............................................

12/11/2024

762

Fuchsia

London

Bridge

PCC,

2024-1

............................

12/18/2024

1,000

Galileo

Re

.................................................

12/8/2025

500

Galileo

Re

.................................................

12/4/2023

1,250

Gamboge

Re

...............................................

5/9/2024

1,942

Gateway

Re

................................................

3/11/2024

Gateway

Re

II

..............................................

4/13/2023

Gleneagles

Re,

2022

..........................................

1/18/2022

Gullane

Re

................................................

1/22/2026

4,820

Herbie

Re

.................................................

12/17/2024

500

Herbie

Re

.................................................

1/16/2026

500

High

Point

Re

..............................................

12/1/2023

3,500

Integrity

Re

................................................

5/9/2022

Integrity

Re

................................................

10/22/2025

912

Integrity

Re

III

..............................................

2/21/2025

750

Integrity

Re

III

..............................................

2/21/2025

750

Kendall

Re

................................................

4/22/2024

1,000

Locke

Tavern

Re

............................................

3/23/2023

1,000

Locke

Tavern

Re

............................................

3/5/2026

500

Long

Point

Re

IV

............................................

5/13/2022

3,500

Macclesfield

Re

.............................................

2/24/2026

627

Marlon

...................................................

5/24/2024

Matterhorn

Re

..............................................

2/4/2026

Mayflower

Re

..............................................

2/18/2026

3,597

Mayflower

Re

..............................................

6/21/2024

1,000

Mayflower

Re

..............................................

5/22/2025

1,000

Mayflower

Re

..............................................

11/24/2025

3,807

Merion

Re

.................................................

1/30/2026

662

Merion

Re

.................................................

1/16/2025

—

Merna

Re

Companywide

......................................

5/14/2025

1,000

Merna

Re

Enterprise

..........................................

5/14/2025

500

Merna

Reinsurance

II

.........................................

5/8/2024

1,000

Merna

Reinsurance

II

.........................................

5/8/2024

2,000

Merna

Reinsurance

II

.........................................

2/12/2026

8,501

Merna

Reinsurance

II

.........................................

5/8/2024

1,000

Montoya

Re

................................................

12/12/2025

500

Mystic

Re

IV

...............................................

12/12/2023

1,499

Old

Head

Re

...............................................

12/22/2025

Palm

Re

..................................................

4/1/2025

750

Pangaea

Re

................................................

9/18/2025

3,000

Pangaea

Re

................................................

3/23/2026

2,000

Pi0047

Re

.................................................

2/4/2026

11,350

Pi0051

Cheltenham

Re

........................................

6/13/2025

1,003

Pine

Valley

Re

..............................................

2/24/2026

885

Portsalon

Re

...............................................

7/15/2022

Purple

Re

.................................................

12/12/2025

1,277

Residential

Re

..............................................

11/7/2023

2,500

Residential

Re

..............................................

11/7/2023

1,000

Residential

Re

..............................................

11/4/2024

1,250

Residential

Re

..............................................

11/4/2024

1,250

Residential

Re

..............................................

11/22/2022

1,750

Sanders

Re

II

...............................................

3/13/2025

750

Sanders

Re

II

...............................................

3/13/2025

750

Sanders

Re

II

...............................................

12/10/2024

3,000

Sanders

Re

II

...............................................

12/10/2024

3,000

Sanders

Re

II

...............................................

3/13/2025

750

Sanders

Re

II

...............................................

3/13/2025

750

Sanders

Re

III

..............................................

1/16/2024

1,000

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

(n) Issued

as

preference

shares.

(o) Stepped

coupon

security

for

which

the

coupon

rate

of

interest

adjusts

on

specified

date(s);

rate

shown

is

effective

rate

at

period-end.

(p) Rate

represents

the

effective

yield

at

March

31,

2026. Security

Name

Acquisition

Date

Cost

Sanders

Re

III

..............................................

2/24/2026

$

Sanders

Re

III

..............................................

12/3/2025

1,524

Sanders

Re

III

..............................................

11/30/2022

1,000

Sanders

Re

III

..............................................

2/24/2026

600

Sanders

Re

IV

..............................................

2/24/2026

600

Sanders

Re

IV

..............................................

2/24/2026

Sector

Re

V

................................................

12/31/2025

6,000

Sector

Re

V

................................................

12/31/2024

Silk

Road

Re

...............................................

12/23/2024

Skyline

Re

II,

2025-1

.........................................

12/23/2025

500

Thopas

Re

.................................................

1/30/2026

4,650

Thopas

Re

.................................................

2/2/2024

—

Thopas

Re

.................................................

2/15/2023

—

Thopas

Re

.................................................

1/10/2025

—

Thopas

Re,

2020

............................................

12/30/2019

—

Thopas

Re,

2021

............................................

12/30/2020

—

Thopas

Re,

2022

............................................

2/15/2022

—

Ursa

Re

II

.................................................

11/18/2025

650

Veraison

Re

................................................

1/30/2026

500

Veraison

Re

................................................

1/30/2026

500

Viribus

Re

.................................................

2/2/2023

—

Viribus

Re,

2018

............................................

12/22/2017

Viribus

Re,

2019

............................................

12/27/2018

—

Vitality

Re

XIV

.............................................

1/25/2023

5,990

Vitality

Re

XIV

.............................................

1/25/2023

750

Vitality

Re

XVII

............................................

1/22/2026

3,500

Walton

Heath

Re

............................................

7/13/2022

—

Windrose

Re

...............................................

1/29/2026

2,500

Windrose

Re

...............................................

1/30/2026

1,000

Total

$169,292

ABS

—

Asset-Backed

Securities

BNMMDTSC

—

Dreyfus

Treasury

Securities

Cash

Management

Fund

Yield

bps

—

Basis

points

BRMMUSDF

—

BlackRock

Liquidity

Fund

Treasury

Trust

Fund

Portfolio

Fund

Yield

CLO

—

Collateralized

Loan

Obligations

CMO

—

Collateralized

Mortgage

Obligations

FREMF

—

Freddie

Mac

Multifamily

Fixed-Rate

Mortgage

Loans

FRMMUSTI

—

Western

Asset

Institutional

U.S.

Treasury

Reserves

Fund

Yield

FHMMUSTF

—

Federated

Hermes

US

Treasury

Cash

Reserves

Fund

Yield

GSMMUSTF

—

Goldman

Sachs

Money

Market

US

Treasury

Fund

Index

GSMMUSTI

—

Goldman

Sachs

Money

Market

US

Treasury

Instrument

Index

H15T1Y

—

Year

Treasury

Constant

Maturity

Rate,

rate

disclosed

as

of

March

31,

2026. H15T5Y

—

Year

Treasury

Constant

Maturity

Rate,

rate

disclosed

as

of

March

31,

2026. H15T10Y

—

Year

Treasury

Constant

Maturity

Rate,

rate

disclosed

as

of

March

31,

2026. HSMMUSTF

—

Year

Treasury

Constant

Maturity

Rate,

rate

disclosed

as

of

March

31,

2026. ICE

—

Intercontinental

Exchange,

Inc.

IBA

—

ICE

Benchmark

Administration

Limited

JMMMUSTF

—

JPMorgan

100%

US

Treasury

Securities

Money

Market

Fund

Yield

LLC

—

Limited

Liability

Company

LP

—

Limited

Partnership

MBS

—

Mortgage-Backed

Securities

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

MSMMUSTF

—

Morgan

Stanley

Institutional

Liquidity

Funds

Treasury

Securities

Portfolio

Fund

Yield

MTN

—

Medium

Term

Note

PLC

—

Public

Limited

Company

PRIME

—

US

Prime

rate,

rate

disclosed

as

of

March

31,

2026. REMIC

—

Real

Estate

Mortgage

Investment

Conduits

SOFR

—

Secured

Overnight

Financing

Rate

SOFRINDX

—

United

States

SOFR

Compounded

Index,

rate

disclosed

as

of

March

31,

2026. SOFR01M

—

Month

SOFR,

rate

disclosed

as

of

March

31,

2026. SOFR30A

—

day

average

of

SOFR,

rate

disclosed

as

of

March

31,

2026. TBA

—

To

Be

Announced

Securities

TSFR1M

—

Month

Term

SOFR,

rate

disclosed

as

of

March

31,

2026. TSFR3M

—

Month

Term

SOFR,

rate

disclosed

as

of

March

31,

2026. US0003M

—

Month

US

Dollar

London

Interbank

Offered

Rate,

rate

disclosed

as

of

March

31,

2026,

based

on

the

last

reset

date

of

the

security.

USISOA05

—

ICE

IBA

-

USD

SOFR

Spread-Adjusted

ICE

Year

Swap

Rate,

rate

disclosed

as

of

March

31,

2026. TBA

Sales

Commitments

Security

Description

Principal

Amount

(000) Value

(000) TBA

Sales

Commitments

-

(3.20%)

Collateralized

Mortgage

Obligations

— (3.20%)

Federal

National

Mortgage

Association,

TBA

2.50%

,

4/25/56

....................................................

(25,200)

$

(21,184)

6.00%

,

4/25/56

....................................................

(68,350)

(69,671)

6.50%

,

4/25/56

....................................................

(76,200)

(78,829)

Total

TBA

Sales

Commitments

(Proceeds $170,450)

$(169,684)

Futures

Contracts

Purchased

Number

of

Contracts

Expiration

Date

Notional

Amount

(000) Value

(000) Unrealized

Appreciation

(Depreciation)

(000) 2-Year

U.S.

Treasury

Note

Futures

.......

1,675

6/30/26

$

349,883

$

347,471

$

(2,412)

5-Year

U.S.

Treasury

Note

Futures

.......

2,825

6/30/26

306,864

305,608

(1,256)

Ultra

Long

Term

U.S.

Treasury

Bond

Futures

1,980

6/18/26

238,233

230,794

(7,439)

$

(11,107)

Futures

Contracts

Sold

Number

of

Contracts

Expiration

Date

Notional

Amount

(000) Value

(000) Unrealized

Appreciation

(Depreciation)

(000) 10-Year

U.S.

Treasury

Note

Futures

......

6/18/26

$

38,224

$

37,645

$

579

30-Year

U.S.

Treasury

Bond

Futures

.....

6/18/26

6,639

6,719

(80) U.S.

10-Year

Ultra

Futures

............

6/18/26

4,612

4,654

(42) $

Total

unrealized

appreciation

$

579

Total

unrealized

depreciation

(11,229)

Total

net

unrealized

appreciation

(depreciation)

$

(10,650)

Victory

Portfolios

IV

#### Victory

#### Pioneer

#### Bond

#### Fund

(Unaudited)

Schedule

of

Portfolio

Investments

—

continued

March

31,

2026

Centrally

Cleared

Credit

Default

Swap

Agreements

-

Buy

Protection(a)

Underlying

Instruments

Fixed

Deal

Pay

Rate

Maturity

Date

Payment

Frequency

Notional

Amount

(000)(b)

Value

(000) Premiums

Paid

(Received)

(000) Unrealized

Appreciation

(Depreciation)

(000) Markit

CDX

North

America

High

Yield

Index

Series

...........................

5.00%

12/20/30

Quarterly

$

101,584

$

(5,525)

$

(7,081)

$

1,556

$

(5,525)

$

(7,081)

$

1,556

(a) When

a

credit

event

occurs

as

defined

under

the

terms

of

the

swap

agreement,

the

Fund

as

a

buyer

of

credit

protection

will

either

(i) receive

from

the

seller

of

protection

an

amount

equal

to

the

par

value

of

the

defaulted

reference

entity

and

deliver

the

reference

entity

or

(ii) receive

a

net

amount

equal

to

the

par

value

of

the

defaulted

reference

entity

less

its

recovery

value.

(b) The

notional

amount

is

the

maximum

amount

that

a

seller

of

credit

protection

would

be

obligated

to

pay

upon

occurrence

of

a

credit

event.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Victory Portfolios IV

- **b. Investment Company Act file number:** 811-24019

- **c. CIK number of Registrant:** 0002042316

- **d. LEI of Registrant:** 25490054DPU07WNNLY79

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

  - **Street Address 1:** 15935 La Cantera Pkwy Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-539-3863

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

- **a. Name of Series:** Victory Pioneer Bond Fund

- **b. EDGAR series identifier (if any):** S000089752

- **c. LEI of Series:** CS1V0EATB8V5FS5HQA74

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $6156050994.44

**Total Liabilities:** $953252125.03

**Net Assets:** $5202798869.41

**Cash Not Reported:** $53138373.75

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -6786.46931920 | **1-Year:** -182266.80151820 | **5-Year:** -618039.99131750 | **10-Year:** -756219.23971761 | **30-Year:** -202938.81537062

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

- **3-Month:** -470.24962081 | **1-Year:** -17035.44846316 | **5-Year:** -54852.15048668 | **10-Year:** -24783.41702049 | **30-Year:** -2546.58036535

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000256467 | 0.36%                | 1.65%                | -1.85%               |
| Class ID C000256468 | 0.33%                | 1.61%                | -1.88%               |
| Class ID C000256466 | 0.35%                | 1.65%                | -1.88%               |
| Class ID C000256465 | 0.42%                | 1.46%                | -1.89%               |
| Class ID C000256469 | 0.27%                | 1.58%                | -1.96%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3266015.31              | $-531511.40                                |
| Month 2  | $393043.76               | $50060733.33                               |
| Month 3  | $-3370649.75             | $-103472892.81                             |

**Designated Index Information**

- **Index Name:** 80-20 BBG US AGG - BBG US HY

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                          | Title                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| U.S. BANCORP                                                  | US BANCORP                                         | CUSIP: 91159HJB7<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |  17775000 | PA      | $15367202.77  | 0.30%             | 2036-11-03      | Fixed         | 2.49%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140N7UJ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    671771 | PA      | $666787.65    | 0.01%             | 2053-02-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| BINOM SECURITIZATION TRUST                                    | BINOM SECURITIZATION TRUST 2022 RPL1               | CUSIP: 05552CAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12559000 | PA      | $9648387.70   | 0.19%             | 2061-02-25      | Fixed         | 3.00%                 | Yes           | 2                  | On Loan: No      |
| THOPAS RE 2023                                                | THOPAS RE 2023                                     | CUSIP: S00500687<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4256392 | PA      | $0.00         | 0.00%             | 2028-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| FREMF MORTGAGE TRUST                                          | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 302971AT3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4590000 | PA      | $4476928.10   | 0.09%             | 2052-02-25      | Variable      | 4.52%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AA4E4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     51684 | PA      | $53646.75     | 0.00%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Herbie Re Ltd.                                                | HERBIE RE LTD                                      | CUSIP: 42703VAJ2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $504800.00    | 0.01%             | 2033-01-07      | Variable      | 11.73%                | Yes           | 2                  | On Loan: No      |
| Estados Unidos Mexicanos                                      | MEXICO GOVERNMENT INTERNATIONAL BOND               | CUSIP: 91087BBC3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   7095000 | PA      | $7432012.50   | 0.14%             | 2037-05-13      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620A93H2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     67709 | PA      | $66856.17     | 0.00%             | 2040-01-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| HERBIE RE LTD                                                 | HERBIE RE LTD                                      | CUSIP: 42703VAN3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $500000.00    | 0.01%             | 2030-01-07      | Floating      | 7.76%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W8WM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    310056 | PA      | $328999.65    | 0.01%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36290N6N7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     14770 | PA      | $14808.82     | 0.00%             | 2033-09-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| MORGAN STANLEY                                                | MORGAN STANLEY                                     | CUSIP: 61762V861<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    335583 | NS      | $5761960.11   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| VIRIBUS RE 2018 12 31 26                                      | VIRIBUS RE 2018 12 31 26                           | CUSIP: S00121075<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $0.00         | 0.00%             | 2026-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140A0A82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2817095 | PA      | $2932299.15   | 0.06%             | 2053-09-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| CASCADE FUNDING MORTGAGE TRUST                                | CFMT 2024 HB14 LLC                                 | CUSIP: 12530XAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2580000 | PA      | $2506807.21   | 0.05%             | 2034-06-25      | Variable      | 3.00%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31404SBE4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6333 | PA      | $6472.42      | 0.00%             | 2034-09-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| GRANITE PARK EQUIPMENT LEASING LLC                            | GRANITE PARK EQUIPMENT LEASING 2023 1 LLC          | CUSIP: 387422AF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1640000 | PA      | $1653250.38   | 0.03%             | 2033-08-22      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED               | AUSTRALIA NEW ZEALAND BANKING GROUP LTD            | CUSIP: 052528AR7<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   9070000 | PA      | $9293784.74   | 0.18%             | 2034-09-18      | Fixed         | 5.73%                 | Yes           | 2                  | On Loan: No      |
| Highwoods Realty Limited Partnership                          | HIGHWOODS REALTY LP                                | CUSIP: 431282AQ5<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              | CORP              | US        |   2539000 | PA      | $2502576.06   | 0.05%             | 2028-03-15      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| SYSCO CORPORATION                                             | SYSCO CORP                                         | CUSIP: 871829BW6<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |   5620000 | PA      | $5450587.40   | 0.10%             | 2031-07-25      | Fixed         | 4.40%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CSMW8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4887460 | PA      | $4988389.17   | 0.10%             | 2054-08-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CQC78<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    338196 | PA      | $360825.67    | 0.01%             | 2054-06-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| TRANS-ALLEGHENY INTERSTATE LINE COMPANY                       | TRANS ALLEGHENY INTERSTATE LINE CO                 | CUSIP: 893045AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1472948.21   | 0.03%             | 2031-01-15      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179TCX1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    977855 | PA      | $918620.27    | 0.02%             | 2047-07-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AWZE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.01         | 0.00%             | 2054-12-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31391SRV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       170 | PA      | $173.59       | 0.00%             | 2032-01-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| PENSKE TRUCK LEASING CO., L.P.                                | PENSKE TRUCK LEASING CO LP                         | CUSIP: 709599BW3<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |   1345000 | PA      | $1384079.59   | 0.03%             | 2028-08-01      | Fixed         | 6.05%                 | Yes           | 2                  | On Loan: No      |
| Gateway Re II Ltd.                                            | GATEWAY RE II LTD                                  | CUSIP: 367927AA8<br>LEI: 5493000ENKV5WXNA8Z86 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $251250.00    | 0.00%             | 2026-04-27      | Variable      | 12.96%                | Yes           | 2                  | On Loan: No      |
| United States of America                                      | 2 YEAR US TREASURY NOTE FUTURE JUN26               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      1675 | NC      | $-2411864.99  | -0.05%            |  |  |  | No            | 1                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36202DNL1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1482 | PA      | $1539.61      | 0.00%             | 2031-06-20      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AW2V0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    295344 | PA      | $292195.16    | 0.01%             | 2054-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202ED48<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      5255 | PA      | $5334.84      | 0.00%             | 2035-06-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138MPDW2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     72621 | PA      | $64336.43     | 0.00%             | 2043-01-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202D2U4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7013 | PA      | $7064.09      | 0.00%             | 2033-12-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36230UEZ8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     13647 | PA      | $13120.38     | 0.00%             | 2041-01-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201NLT5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2279 | PA      | $2319.33      | 0.00%             | 2032-12-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31297NDR4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      9477 | PA      | $9703.00      | 0.00%             | 2035-04-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 21H022648<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  22000000 | PA      | $18923437.50  | 0.36%             | 2056-04-20      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138WFHG4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     38397 | PA      | $33333.15     | 0.00%             | 2045-08-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202FAV8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     13625 | PA      | $13884.05     | 0.00%             | 2039-08-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EHR3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      8555 | PA      | $8664.64      | 0.00%             | 2036-04-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WGFZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    181647 | PA      | $189048.47    | 0.00%             | 2054-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EC23<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7225 | PA      | $7174.16      | 0.00%             | 2035-03-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138YD4G1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     88920 | PA      | $77321.16     | 0.00%             | 2045-04-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Merna Re II Ltd.                                              | MERNA REINSURANCE II LTD                           | CUSIP: 59013MAJ1<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |   8250000 | PA      | $8439750.00   | 0.16%             | 2030-07-07      | Variable      | 13.35%                | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B2Z64<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     90617 | PA      | $97060.53     | 0.00%             | 2055-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31371NPP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8048 | PA      | $8281.60      | 0.00%             | 2047-11-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DLF6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1725 | PA      | $1790.31      | 0.00%             | 2031-01-20      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| GLS AUTO RECEIVABLES TRUST                                    | GLS AUTO RECEIVABLES ISSUER TRUST 2023 4           | CUSIP: 362929AF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4662000 | PA      | $4795710.82   | 0.09%             | 2029-08-15      | Fixed         | 7.18%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36290VYQ1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     21080 | PA      | $21801.02     | 0.00%             | 2034-10-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| VORNADO REALTY L.P.                                           | VORNADO REALTY LP                                  | CUSIP: 929043AN7<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1255203.35   | 0.02%             | 2033-02-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202D7G0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      9751 | PA      | $9827.93      | 0.00%             | 2034-08-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36178GFP4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1181963 | PA      | $1110627.50   | 0.02%             | 2042-07-15      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| TEXTRON INC.                                                  | TEXTRON INC                                        | CUSIP: 883203CE9<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |   7770000 | PA      | $7904685.80   | 0.15%             | 2035-05-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| THE DAI-ICHI LIFE INSURANCE COMPANY, LIMITED.                 | DAI ICHI LIFE INSURANCE CO LTD THE                 | CUSIP: 23381LAA2<br>LEI: 3538001235ACEIORUV72 | Long             | DBT              | CORP              | JP        |   3185000 | PA      | $3203953.94   | 0.06%             | 2199-12-31      | Fixed         | 6.20%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31417DJQ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     89047 | PA      | $84823.33     | 0.00%             | 2042-10-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Smithfield Foods, Inc.                                        | SMITHFIELD FOODS INC                               | CUSIP: 832248BD9<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |   6070000 | PA      | $5327556.14   | 0.10%             | 2031-09-13      | Fixed         | 2.62%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425WV73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    256330 | PA      | $257027.00    | 0.00%             | 2054-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| ALGONQUIN POWER & UTILITIES CORP.                             | ALGONQUIN POWER UTILITIES CORP                     | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   1530000 | PA      | $1531261.24   | 0.03%             | 2026-06-15      | Fixed         | 5.37%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36202FEH5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     21182 | PA      | $21005.82     | 0.00%             | 2040-02-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213BC67<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6912 | PA      | $7091.02      | 0.00%             | 2031-02-15      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425VTX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    346369 | PA      | $362243.36    | 0.01%             | 2054-12-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NSQR8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    551316 | PA      | $577817.38    | 0.01%             | 2053-09-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| BNP PARIBAS SA                                                | BNP PARIBAS SA                                     | CUSIP: 09659W2W3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   2870000 | PA      | $2938928.65   | 0.06%             | 2030-05-20      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Mativ Holdings, Inc.                                          | MATIV HOLDINGS INC                                 | CUSIP: 80854EAH1<br>LEI: 549300Z1FU4IDULG1R21 | Long             | LON              | CORP              | US        |   1366588 | PA      | $1366587.64   | 0.03%             | 2028-04-20      | Floating      | 7.53%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36292DB50<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    111005 | PA      | $113261.41    | 0.00%             | 2035-09-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W7HM0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     14487 | PA      | $15292.76     | 0.00%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| ALTURAS RE 2022 2 12 31 2027                                  | ALTURAS RE 2022 2 12 31 2027                       | CUSIP: S00393837<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3497182 | PA      | $43714.78     | 0.00%             | 2027-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620A5BB4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     32816 | PA      | $33222.96     | 0.00%             | 2040-07-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| THE PNC FINANCIAL SERVICES GROUP, INC.                        | PNC FINANCIAL SERVICES GROUP INC THE               | CUSIP: 693475CF0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2690000 | PA      | $2635254.60   | 0.05%             | 2041-01-25      | Fixed         | 5.42%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31403FS21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6505 | PA      | $6649.23      | 0.00%             | 2033-11-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140YWP80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    230135 | PA      | $235340.20    | 0.00%             | 2054-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36183B6T0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     33079 | PA      | $31134.16     | 0.00%             | 2044-09-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DPTT5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5335166 | PA      | $5626600.73   | 0.11%             | 2053-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| BSPRT ISSUER, LTD.                                            | BSPRT 2022 FL8 ISSUER LTD                          | CUSIP: 055983AG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4980000 | PA      | $4975956.24   | 0.10%             | 2037-02-15      | Floating      | 5.97%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NDHF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1693985 | PA      | $1716878.98   | 0.03%             | 2053-04-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140ADGT2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.02         | 0.00%             | 2054-05-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426BTA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    164791 | PA      | $174023.70    | 0.00%             | 2055-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DPXT0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1576434 | PA      | $1355173.15   | 0.03%             | 2051-01-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426BTZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    161752 | PA      | $172526.29    | 0.00%             | 2055-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| High Point Re Ltd.                                            | HIGH POINT RE LTD                                  | CUSIP: 429932AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3500000 | PA      | $3512950.00   | 0.07%             | 2027-01-06      | Variable      | 9.78%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426FVY0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    458153 | PA      | $474150.18    | 0.01%             | 2055-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Kendall Re Ltd.                                               | KENDALL RE LTD                                     | CUSIP: 48878QAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1025000.00   | 0.02%             | 2031-04-30      | Variable      | 10.07%                | Yes           | 2                  | On Loan: No      |
| JPMDB COMMERCIAL MORTGAGE SECURITIES TRUST                    | JPMDB COMMERCIAL MORTGAGE SECURITIES TRUST 2018 C8 | CUSIP: 46591ABA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7010000 | PA      | $6957490.19   | 0.13%             | 2051-06-15      | Variable      | 4.21%                 | No            | 2                  | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST                           | EXETER AUTOMOBILE RECEIVABLES TRUST 2024 4         | CUSIP: 30166UAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  25070000 | PA      | $25573139.86  | 0.49%             | 2030-12-16      | Fixed         | 5.81%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CRCN1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    931747 | PA      | $970531.03    | 0.02%             | 2054-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| ELI LILLY AND COMPANY                                         | ELI LILLY CO                                       | CUSIP: 532457DF2<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   2905000 | PA      | $2867634.52   | 0.06%             | 2055-10-15      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36209FPE3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7972 | PA      | $8199.36      | 0.00%             | 2029-05-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36225BY85<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     22564 | PA      | $23467.11     | 0.00%             | 2033-03-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140ADBJ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     73248 | PA      | $76099.45     | 0.00%             | 2054-06-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| ONEMAIN FINANCE CORP                                          | ONEMAIN FINANCE CORP                               | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   3140000 | PA      | $3070420.43   | 0.06%             | 2030-05-15      | Fixed         | 6.12%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XNN34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1782096 | PA      | $1721030.38   | 0.03%             | 2044-04-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 3137H1RQ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2322533 | PA      | $256632.00    | 0.00%             | 2051-08-25      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Mayflower Re Ltd.                                             | MAYFLOWER RE LTD                                   | CUSIP: 57839MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3543000 | PA      | $3583744.50   | 0.07%             | 2030-07-08      | Variable      | 9.98%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213FH22<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     49414 | PA      | $49822.49     | 0.00%             | 2032-12-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202FBH8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      9336 | PA      | $9258.45      | 0.00%             | 2039-09-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426BG67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     63423 | PA      | $67433.22     | 0.00%             | 2055-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST                                  | PAGAYA AI DEBT GRANTOR TRUST 2024 10               | CUSIP: 69544MAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1396397 | PA      | $1400574.51   | 0.03%             | 2032-06-15      | Fixed         | 5.18%                 | Yes           | 2                  | On Loan: No      |
| International Bank for Reconstruction and Development         | INTERNATIONAL BANK FOR RECONSTRUCTION DEVELOPMENT  | CUSIP: N/A<br>LEI: ZTMSNXROF84AHWJNKQ93       | Long             | DBT              |  | US        |    250000 | PA      | $269775.00    | 0.01%             | 2028-06-24      | Floating      | 16.10%                | Yes           | 2                  | On Loan: No      |
| CONOCOPHILLIPS COMPANY                                        | CONOCOPHILLIPS CO                                  | CUSIP: 20826FBN5<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |   6570000 | PA      | $6247335.87   | 0.12%             | 2065-01-15      | Fixed         | 5.65%                 | No            | 2                  | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST                  | AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2024  | CUSIP: 02490BAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2330000 | PA      | $2366130.15   | 0.05%             | 2030-07-12      | Fixed         | 6.04%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140M8U31<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3063805 | PA      | $2591765.22   | 0.05%             | 2052-04-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AJV21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    650434 | PA      | $683500.13    | 0.01%             | 2054-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| FITNESS INTERNATIONAL LLC                                     | FITNESS INTERNATIONAL LLC                          | CUSIP: 33818XAM2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    187448 | PA      | $188473.06    | 0.00%             | 2029-02-12      | Floating      | 8.17%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200JAM2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     21177 | PA      | $21642.91     | 0.00%             | 2033-03-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| INTEGRITY RE LTD                                              | INTEGRITY RE LTD                                   | CUSIP: 45833UAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    900000 | PA      | $918000.00    | 0.02%             | 2026-06-06      | Floating      | 16.84%                | Yes           | 2                  | On Loan: No      |
| SMALL BUSINESS ADMINISTRATION GTD                             | Small Business Administration Participation        | CUSIP: 83162CSG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7944 | PA      | $7997.30      | 0.00%             | 2029-01-01      | Fixed         | 5.72%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31405JVD3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     16772 | PA      | $17152.56     | 0.00%             | 2034-09-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38381N7D4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   7901434 | PA      | $1767262.45   | 0.03%             | 2050-01-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EBT5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     12990 | PA      | $12879.19     | 0.00%             | 2034-12-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426KA22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3025039 | PA      | $3170937.36   | 0.06%             | 2055-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620ASPX1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     27433 | PA      | $26373.38     | 0.00%             | 2041-07-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140M9AV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     86573 | PA      | $90860.30     | 0.00%             | 2053-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W7XR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     97424 | PA      | $100867.31    | 0.00%             | 2054-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                 | VISTRA OPERATIONS CO LLC                           | CUSIP: 92840VAY8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1185000 | PA      | $1165920.79   | 0.02%             | 2031-01-31      | Fixed         | 4.70%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CSKZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1740278 | PA      | $1834010.94   | 0.04%             | 2054-08-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36212CRN3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     20006 | PA      | $20397.62     | 0.00%             | 2031-01-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179VDS6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    113014 | PA      | $114087.76    | 0.00%             | 2050-01-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36200NZT1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      5548 | PA      | $5752.98      | 0.00%             | 2034-08-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202D5D9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     29500 | PA      | $30404.94     | 0.00%             | 2034-04-20      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B8NZ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    954644 | PA      | $984981.32    | 0.02%             | 2055-04-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140MJF83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    524313 | PA      | $483303.24    | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36176WYC9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1706320 | PA      | $1609698.82   | 0.03%             | 2041-11-15      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CQE43<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1446983 | PA      | $1502742.95   | 0.03%             | 2054-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36211YQX5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       918 | PA      | $941.22       | 0.00%             | 2030-02-15      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| Republica del Peru                                            | PERUVIAN GOVERNMENT INTERNATIONAL BOND             | CUSIP: 715638FC1<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |  12945000 | PA      | $12898398.00  | 0.25%             | 2036-03-30      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| BLACKBIRD CAPITAL AIRCRAFT LEASE SECURITIZATION LIMITED       | BLACKBIRD CAPITAL II AIRCRAFT LEASE LTD            | CUSIP: 09229CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5917640 | PA      | $5610202.84   | 0.11%             | 2046-07-15      | Fixed         | 2.44%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31292HG40<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        91 | PA      | $94.08        | 0.00%             | 2030-11-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Galileo Re Ltd.                                               | GALILEO RE LTD                                     | CUSIP: 36354TAQ5<br>LEI: 549300MXI75DHMS7JH38 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $496400.00    | 0.01%             | 2034-10-09      | Variable      | 5.48%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425XHZ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     83545 | PA      | $89210.07     | 0.00%             | 2055-01-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| TOWD POINT MORTGAGE TRUST                                     | TOWD POINT MORTGAGE TRUST 2019 HY1                 | CUSIP: 89177EAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4610000 | PA      | $4757081.13   | 0.09%             | 2048-10-25      | Floating      | 5.94%                 | Yes           | 2                  | On Loan: No      |
| WALTON HEATH RE 2022                                          | WALTON HEATH RE 2022                               | CUSIP: S00446763<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2500000 | PA      | $143758.61    | 0.00%             | 2027-12-15      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31288GCW0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3776 | PA      | $3853.52      | 0.00%             | 2033-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| United States of America                                      | U S TREASURY BOND                                  | CUSIP: 912810TD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  36374800 | PA      | $21921500.56  | 0.42%             | 2052-02-15      | Fixed         | 2.25%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EQY8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      5181 | PA      | $5272.26      | 0.00%             | 2038-01-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| INTEGRITY RE LTD                                              | INTEGRITY RE LTD                                   | CUSIP: 45833UAF8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    414960 | PA      | $207479.90    | 0.00%             | 2030-06-06      | Floating      | 4.02%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36225BWW4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      9194 | PA      | $9465.41      | 0.00%             | 2032-11-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EEG0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     12976 | PA      | $13150.17     | 0.00%             | 2035-07-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200MYV9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     10297 | PA      | $10538.93     | 0.00%             | 2033-10-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| SHELL FINANCE US INC.                                         | SHELL FINANCE US INC                               | CUSIP: 822905AQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12160000 | PA      | $11954363.70  | 0.23%             | 2036-01-06      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| ENTERGY TEXAS, INC.                                           | ENTERGY TEXAS INC                                  | CUSIP: 29365TAQ7<br>LEI: LWXX58X12AJXISQ28573 | Long             | DBT              | CORP              | US        |   2870000 | PA      | $2895995.43   | 0.06%             | 2035-04-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| 2001 CAT Re, Ltd                                              | 2001 CAT RE LTD                                    | CUSIP: 90215BAB3<br>LEI: 5493007NG10QO60NSO35 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $763350.00    | 0.01%             | 2031-01-08      | Variable      | 16.77%                | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B1AM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     89802 | PA      | $94555.08     | 0.00%             | 2055-01-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Blue Ridge Re Ltd.                                            | BLUE RIDGE RE LTD                                  | CUSIP: 096003AD0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $246925.00    | 0.00%             | 2029-01-08      | Variable      | 7.47%                 | Yes           | 2                  | On Loan: No      |
| KEYSPAN GAS EAST CORPORATION                                  | KEYSPAN GAS EAST CORP                              | CUSIP: 49338CAD5<br>LEI: K8TS3HOE1568DUBUJL44 | Long             | DBT              | CORP              | US        |  11700000 | PA      | $12215800.70  | 0.23%             | 2033-03-06      | Fixed         | 5.99%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426A5X2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    185128 | PA      | $195609.88    | 0.00%             | 2055-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213CXM7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     13514 | PA      | $13486.47     | 0.00%             | 2035-10-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179Q6P1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    469508 | PA      | $441969.17    | 0.01%             | 2045-03-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W7X42<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    146672 | PA      | $152276.92    | 0.00%             | 2054-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202W3G2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7134 | PA      | $7152.20      | 0.00%             | 2033-08-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179VZW3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    195969 | PA      | $198792.87    | 0.00%             | 2050-12-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EEU9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    163836 | PA      | $165937.43    | 0.00%             | 2035-08-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179SNW3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    947631 | PA      | $906942.72    | 0.02%             | 2046-10-20      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| VENTURE GLOBAL LNG, INC.                                      | VENTURE GLOBAL LNG INC                             | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1557063.94   | 0.03%             | 2029-02-01      | Fixed         | 9.50%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133BULG0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    740926 | PA      | $771432.40    | 0.01%             | 2053-01-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| United States of America                                      | U S TREASURY BOND                                  | CUSIP: 912810TN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  73375000 | PA      | $58889169.56  | 1.13%             | 2053-02-15      | Fixed         | 3.62%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31296R6G8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     21182 | PA      | $21615.19     | 0.00%             | 2034-01-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36290VYP3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     16728 | PA      | $16991.28     | 0.00%             | 2034-10-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36225BWG9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     27327 | PA      | $28413.98     | 0.00%             | 2033-01-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425YPL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    767311 | PA      | $776064.08    | 0.01%             | 2055-01-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C2NJ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    292847 | PA      | $298518.39    | 0.01%             | 2053-05-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AMZR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     88829 | PA      | $94932.15     | 0.00%             | 2055-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION G2        | CUSIP: 36202DKY6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       826 | PA      | $856.45       | 0.00%             | 2030-12-20      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36225BXX1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     53122 | PA      | $54631.87     | 0.00%             | 2033-01-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31389FZ62<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4247 | PA      | $4391.19      | 0.00%             | 2032-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| FREDDIE MAC SEASONED CREDIT RISK TRANSFER TRUST               | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 35563PMX4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3697786 | PA      | $3592632.28   | 0.07%             | 2059-02-25      | Variable      | 4.50%                 | Yes           | 2                  | On Loan: No      |
| Merna Re II Ltd.                                              | MERNA REINSURANCE II LTD                           | CUSIP: 59013MAK8<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1034500.00   | 0.02%             | 2032-07-07      | Variable      | 11.33%                | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140MELM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6591599 | PA      | $5801075.94   | 0.11%             | 2052-03-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36295PUZ3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     10551 | PA      | $10976.46     | 0.00%             | 2037-11-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                         | FOUNDRY JV HOLDCO LLC                              | CUSIP: 350930AC7<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   1875000 | PA      | $1957474.67   | 0.04%             | 2032-01-25      | Fixed         | 6.15%                 | Yes           | 2                  | On Loan: No      |
| NIPPON LIFE INSURANCE COMPANY                                 | NIPPON LIFE INSURANCE CO                           | CUSIP: 654579AP6<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |   1930000 | PA      | $1989976.68   | 0.04%             | 2055-04-30      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| ERP OPERATING LIMITED PARTNERSHIP                             | ERP OPERATING LP                                   | CUSIP: 26884ABQ5<br>LEI: DX5HQV5MLU50FEWZ5072 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2919325.25   | 0.06%             | 2032-06-15      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| VELOCITY VEHICLE GROUP LLC                                    | VELOCITY VEHICLE GROUP LLC                         | CUSIP: 92262TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    995000 | PA      | $929485.22    | 0.02%             | 2029-06-01      | Fixed         | 8.00%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140A92K5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     79337 | PA      | $83088.17     | 0.00%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| CASCADE FUNDING MORTGAGE TRUST                                | CFMT 2024 HB15 LLC                                 | CUSIP: 15723AAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2130000 | PA      | $2078741.76   | 0.04%             | 2034-08-25      | Fixed         | 4.00%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DMR9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1787 | PA      | $1856.06      | 0.00%             | 2031-04-20      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C06X5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    139330 | PA      | $144602.46    | 0.00%             | 2053-04-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| OAK-EAGLE ACQUIRECO, INC.                                     | OAK EAGLE ACQUIRECO INC                            | CUSIP: 67124CAA1<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |   1315000 | PA      | $1362464.18   | 0.03%             | 2033-07-01      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.              | TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV     | CUSIP: 88167AAQ4<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   2720000 | PA      | $2711226.91   | 0.05%             | 2029-05-09      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| ALPHABET INC.                                                 | ALPHABET INC                                       | CUSIP: 02079KAN7<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   4430000 | PA      | $4100538.33   | 0.08%             | 2065-05-15      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                       | HYUNDAI CAPITAL AMERICA                            | CUSIP: 44891ACP0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   4380000 | PA      | $4590003.83   | 0.09%             | 2030-09-21      | Fixed         | 6.20%                 | Yes           | 2                  | On Loan: No      |
| United States of America                                      | UNITED STATES TREASURY BILL                        | CUSIP: 912797TJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 175000000 | PA      | $174647277.00 | 3.36%             | 2026-04-21      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425WBZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    186453 | PA      | $190500.85    | 0.00%             | 2054-12-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EQK8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      8468 | PA      | $8598.70      | 0.00%             | 2037-12-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W8SL8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    203125 | PA      | $212738.23    | 0.00%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| VERISK ANALYTICS, INC.                                        | VERISK ANALYTICS INC                               | CUSIP: 92345YAL0<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |   3390000 | PA      | $3360999.91   | 0.06%             | 2035-03-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| MELLO MORTGAGE CAPITAL ACCEPTANCE                             | MELLO MORTGAGE CAPITAL ACCEPTANCE 2021 MTG2        | CUSIP: 585494CB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4259668 | PA      | $3525127.17   | 0.07%             | 2051-06-25      | Variable      | 2.67%                 | Yes           | 2                  | On Loan: No      |
| Windrose Re Ltd.                                              | WINDROSE RE LTD                                    | CUSIP: 972917AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2500000 | PA      | $2489000.00   | 0.05%             | 2033-02-11      | Floating      | 8.79%                 | Yes           | 2                  | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                 | FORD MOTOR CREDIT CO LLC                           | CUSIP: 345397B69<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   6150000 | PA      | $5541726.01   | 0.11%             | 2031-06-17      | Fixed         | 3.62%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3128M6ZF8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     18872 | PA      | $19603.24     | 0.00%             | 2038-07-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| NIPPON LIFE INSURANCE COMPANY                                 | NIPPON LIFE INSURANCE CO                           | CUSIP: 654579AK7<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |   9700000 | PA      | $8491677.31   | 0.16%             | 2051-09-16      | Fixed         | 2.90%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36225BVX3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     47796 | PA      | $49298.23     | 0.00%             | 2032-12-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C05Q1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    267268 | PA      | $279579.06    | 0.01%             | 2053-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B5F85<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    459989 | PA      | $484740.76    | 0.01%             | 2055-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36241KLT3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7986 | PA      | $8300.69      | 0.00%             | 2037-02-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133BXUU3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    117823 | PA      | $118527.03    | 0.00%             | 2053-03-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133KL2H9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  26315339 | PA      | $22443087.75  | 0.43%             | 2051-05-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| KOMATSU FINANCE AMERICA INC.                                  | KOMATSU FINANCE AMERICA INC                        | CUSIP: 50048WAB4<br>LEI: 549300SRAAFEEQ8Z4D68 | Long             | DBT              | CORP              | US        |   7240000 | PA      | $7129833.26   | 0.14%             | 2030-09-18      | Fixed         | 4.20%                 | Yes           | 2                  | On Loan: No      |
| DELL EQUIPMENT FINANCE TRUST                                  | DELL EQUIPMENT FINANCE TRUST 2024 1                | CUSIP: 24702GAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2100000 | PA      | $2118617.76   | 0.04%             | 2030-09-23      | Fixed         | 6.12%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179RGB9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     25274 | PA      | $24982.11     | 0.00%             | 2045-06-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31371KBT7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1478 | PA      | $1552.42      | 0.00%             | 2031-09-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE, LLC                      | VOLKSWAGEN GROUP OF AMERICA FINANCE LLC            | CUSIP: 928668CX8<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   4430000 | PA      | $4389488.62   | 0.08%             | 2030-09-11      | Fixed         | 4.85%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CGMD6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    123173 | PA      | $128199.95    | 0.00%             | 2053-10-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138WE3F4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    146092 | PA      | $141808.21    | 0.00%             | 2030-07-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION G1        | CUSIP: 36213JS97<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4168 | PA      | $4279.59      | 0.00%             | 2031-05-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AKWH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.01         | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140ATCX2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    444769 | PA      | $465882.31    | 0.01%             | 2054-11-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| United States of America                                      | U S TREASURY BOND                                  | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  57701200 | PA      | $40016683.49  | 0.77%             | 2052-05-15      | Fixed         | 2.88%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179USW3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1114186 | PA      | $1123882.34   | 0.02%             | 2049-05-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AAYS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     97899 | PA      | $102076.68    | 0.00%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Healthcare Realty Holdings, L.P.                              | HEALTHCARE REALTY HOLDINGS LP                      | CUSIP: 42225UAG9<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              | CORP              | US        |   8169000 | PA      | $7688837.70   | 0.15%             | 2030-02-15      | Fixed         | 3.10%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DVY4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     25751 | PA      | $26253.49     | 0.00%             | 2033-01-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179WR75<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     27497 | PA      | $27559.09     | 0.00%             | 2051-11-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140YXNB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     97376 | PA      | $102556.92    | 0.00%             | 2054-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AAYB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     97610 | PA      | $101409.58    | 0.00%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620AMVK5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1918 | PA      | $1843.71      | 0.00%             | 2041-02-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179WT57<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    111713 | PA      | $112040.34    | 0.00%             | 2051-12-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| CARLYLE US CLO LTD                                            | CARLYLE US CLO 2019 4 LTD                          | CUSIP: 14317VAY6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2750000 | PA      | $2685578.50   | 0.05%             | 2035-04-15      | Floating      | 6.87%                 | Yes           | 2                  | On Loan: No      |
| NMEF FUNDING LLC                                              | NMEF FUNDING 2022 B LLC                            | CUSIP: 62890MAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2690000 | PA      | $2720973.20   | 0.05%             | 2029-06-15      | Fixed         | 8.54%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202ERS0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3127 | PA      | $3178.73      | 0.00%             | 2038-03-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179UEB4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     41170 | PA      | $41623.80     | 0.00%             | 2048-10-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140A92M1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     64904 | PA      | $67749.36     | 0.00%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31389KKP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2360 | PA      | $2439.49      | 0.00%             | 2032-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140M1V27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    525008 | PA      | $451125.41    | 0.01%             | 2051-09-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| BENCHMARK MORTGAGE TRUST                                      | BENCHMARK 2022 B34 MORTGAGE TRUST                  | CUSIP: 08161YBJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3030000 | PA      | $2664218.70   | 0.05%             | 2055-04-15      | Variable      | 3.83%                 | No            | 2                  | On Loan: No      |
| ESC GAB 0 08 20 51                                            | ESC GAB 0 08 20 51                                 | CUSIP: 403ESCAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5965000 | PA      | $0.00         | 0.00%             | 2051-08-20      | None          | 0.00%                 | No            | 3                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 21H030641<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  14000000 | PA      | $12496309.14  | 0.24%             | 2056-04-20      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140A9LT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     72373 | PA      | $76267.79     | 0.00%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38382DL31<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  11887905 | PA      | $2220160.26   | 0.04%             | 2039-12-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| CITIGROUP INC.                                                | CITIGROUP INC                                      | CUSIP: 172967NE7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   7440000 | PA      | $6560002.60   | 0.13%             | 2032-11-03      | Fixed         | 2.52%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DWLM3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     62119 | PA      | $63334.04     | 0.00%             | 2054-05-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                      | LLOYDS BANKING GROUP PLC                           | CUSIP: 53944YBD4<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   2695000 | PA      | $2657108.65   | 0.05%             | 2031-11-04      | Fixed         | 4.42%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3142K0A46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    200000 | PA      | $207756.45    | 0.00%             | 2056-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36176W3A7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       988 | PA      | $947.95       | 0.00%             | 2041-12-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DSJJ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    826033 | PA      | $677765.66    | 0.01%             | 2052-03-01      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179TSJ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    768670 | PA      | $758228.11    | 0.01%             | 2048-02-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| COLUMBIA PIPELINES HOLDING COMPANY LLC                        | COLUMBIA PIPELINES HOLDING CO LLC                  | CUSIP: 19828AAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4065000 | PA      | $4086973.19   | 0.08%             | 2031-10-01      | Fixed         | 5.10%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140N7T91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    264289 | PA      | $263463.15    | 0.01%             | 2053-02-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| GLS AUTO RECEIVABLES TRUST                                    | GLS AUTO RECEIVABLES ISSUER TRUST 2024 3           | CUSIP: 37989AAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16850000 | PA      | $17056350.16  | 0.33%             | 2031-02-18      | Fixed         | 5.53%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WFJ65<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    333487 | PA      | $354652.44    | 0.01%             | 2054-06-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36183XNE6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    276868 | PA      | $264437.97    | 0.01%             | 2045-02-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201LL85<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6372 | PA      | $6411.41      | 0.00%             | 2035-02-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| FLAGSTAR MORTGAGE TRUST                                       | FLAGSTAR MORTGAGE TRUST 2021 4                     | CUSIP: 33852FBA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        | 146396076 | PA      | $1845059.03   | 0.04%             | 2051-06-01      | Variable      | 0.20%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425WFH9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    284922 | PA      | $291515.22    | 0.01%             | 2055-01-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                                    | JP MORGAN MORTGAGE TRUST 2021 10                   | CUSIP: 46654ABW8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5287961 | PA      | $4362986.51   | 0.08%             | 2051-12-25      | Variable      | 2.80%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140FRQB4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    135599 | PA      | $133692.03    | 0.00%             | 2047-01-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200Q2S2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3607 | PA      | $3699.87      | 0.00%             | 2032-02-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NEAF2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    188049 | PA      | $194890.77    | 0.00%             | 2053-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DZF1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     33668 | PA      | $34323.84     | 0.00%             | 2033-09-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140ACW41<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    106173 | PA      | $111976.80    | 0.00%             | 2054-06-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31415BE54<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5861 | PA      | $6038.90      | 0.00%             | 2038-07-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| CASCADE FUNDING MORTGAGE TRUST                                | CASCADE MH ASSET TRUST 2021 MH1                    | CUSIP: 14731QAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3773000 | PA      | $2999224.86   | 0.06%             | 2046-02-25      | Variable      | 2.99%                 | Yes           | 2                  | On Loan: No      |
| Element Fleet Management Corp.                                | ELEMENT FLEET MANAGEMENT CORP                      | CUSIP: 286181AM4<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   2580000 | PA      | $2601283.68   | 0.05%             | 2027-03-13      | Fixed         | 5.64%                 | Yes           | 2                  | On Loan: No      |
| OLD HEAD RE                                                   | OLD HEAD RE                                        | CUSIP: S00799505<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $427112.21    | 0.01%             | 2031-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WGFL4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    291813 | PA      | $303302.81    | 0.01%             | 2054-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202D5C1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     13097 | PA      | $13197.56     | 0.00%             | 2034-04-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| MUTUAL OF OMAHA COMPANIES GLOBAL FUNDING                      | MUTUAL OF OMAHA COS GLOBAL FUNDING                 | CUSIP: 62829D2H2<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |  12615000 | PA      | $12459661.92  | 0.24%             | 2031-01-13      | Fixed         | 4.55%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36210F7C4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       769 | PA      | $778.65       | 0.00%             | 2029-07-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NSAX2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    473369 | PA      | $493828.33    | 0.01%             | 2053-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST                                 | COMMONBOND STUDENT LOAN TRUST 2017 B GS            | CUSIP: 20268KAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     59038 | PA      | $58394.40     | 0.00%             | 2042-09-25      | Floating      | 4.44%                 | Yes           | 2                  | On Loan: No      |
| SEMPRA                                                        | SEMPRA                                             | CUSIP: 816851BW8<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   2645000 | PA      | $2656910.44   | 0.05%             | 2056-04-01      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DYK1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     23118 | PA      | $23284.79     | 0.00%             | 2033-07-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202FJR8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     18277 | PA      | $18569.34     | 0.00%             | 2040-08-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202FP83<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1028 | PA      | $1038.53      | 0.00%             | 2041-02-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| NAKILAT INC.                                                  | NAKILAT INC                                        | CUSIP: 62983PAB1<br>LEI: 2549006RMTDJWLLWF072 | Long             | DBT              | CORP              | MH        |   1245937 | PA      | $1242821.74   | 0.02%             | 2033-12-31      | Fixed         | 6.27%                 | Yes           | 2                  | On Loan: No      |
| PUGET ENERGY, INC.                                            | PUGET ENERGY INC                                   | CUSIP: 745310AN2<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |   2120000 | PA      | $2022249.49   | 0.04%             | 2032-03-15      | Fixed         | 4.22%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36225BNA2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2121 | PA      | $2184.86      | 0.00%             | 2031-05-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NMRR0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    589446 | PA      | $614117.07    | 0.01%             | 2053-06-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36182GUG1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2595 | PA      | $2458.68      | 0.00%             | 2044-04-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XGUH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    884072 | PA      | $817433.83    | 0.02%             | 2052-03-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Smithfield Foods, Inc.                                        | SMITHFIELD FOODS INC                               | CUSIP: 832248BC1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |   5935000 | PA      | $5425328.43   | 0.10%             | 2030-10-15      | Fixed         | 3.00%                 | Yes           | 2                  | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST                           | CONNECTICUT AVENUE SECURITIES TRUST 2022 R02       | CUSIP: 20754BAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1964109 | PA      | $1984673.52   | 0.04%             | 2042-01-25      | Floating      | 6.66%                 | Yes           | 2                  | On Loan: No      |
| SMALL BUSINESS ADMINISTRATION GTD                             | Small Business Administration Participation        | CUSIP: 83162CRS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     24670 | PA      | $24830.31     | 0.00%             | 2028-04-01      | Fixed         | 5.37%                 | No            | 2                  | On Loan: No      |
| ROCKET COMPANIES, INC.                                        | ROCKET COS INC                                     | CUSIP: 77311WAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4560000 | PA      | $4611324.72   | 0.09%             | 2029-08-01      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Bonanza Re Ltd                                                | BONANZA RE LTD                                     | CUSIP: 09785EAP6<br>LEI: 5493003F0CXUQ2C83105 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $252875.00    | 0.00%             | 2027-12-19      | Variable      | 7.52%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179VFT2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     13534 | PA      | $13690.32     | 0.00%             | 2050-02-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179QRZ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    308384 | PA      | $296130.95    | 0.01%             | 2044-10-20      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179NX52<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1966 | PA      | $1861.10      | 0.00%             | 2044-01-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| AVOLON HOLDINGS FUNDING LIMITED                               | AVOLON HOLDINGS FUNDING LTD                        | CUSIP: 05401AAU5<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   2141000 | PA      | $2189431.56   | 0.04%             | 2029-03-01      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| TOWD POINT MORTGAGE TRUST                                     | TOWD POINT MORTGAGE TRUST 2024 CES2                | CUSIP: 89182JAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5788000 | PA      | $5811464.68   | 0.11%             | 2064-02-25      | Variable      | 6.12%                 | Yes           | 2                  | On Loan: No      |
| FREMF MORTGAGE TRUST                                          | FREMF MORTGAGE TRUST                               | CUSIP: 30318WAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9000000 | PA      | $32139.00     | 0.00%             | 2031-01-25      | Fixed         | 0.10%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CSFT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    448267 | PA      | $466114.65    | 0.01%             | 2054-08-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| HSBC HOLDINGS PLC                                             | HSBC HOLDINGS PLC                                  | CUSIP: 404280FM6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   6200000 | PA      | $6088637.71   | 0.12%             | 2037-03-10      | Fixed         | 5.28%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31296Q4E7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     11673 | PA      | $11912.18     | 0.00%             | 2033-11-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EE88<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3301 | PA      | $3344.87      | 0.00%             | 2035-09-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36184XM22<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    113057 | PA      | $104222.30    | 0.00%             | 2045-04-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WAMV7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     96259 | PA      | $101940.27    | 0.00%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AELU1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    330040 | PA      | $335444.40    | 0.01%             | 2054-11-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Nordea Bank Abp                                               | NORDEA BANK ABP                                    | CUSIP: 65559CAD3<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   8023000 | PA      | $7439079.64   | 0.14%             | 2199-12-31      | Fixed         | 3.75%                 | Yes           | 2                  | On Loan: No      |
| BERWICK RE LTD                                                | BERWICK RE LTD                                     | CUSIP: S00798808<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2775000 | PA      | $2670622.23   | 0.05%             | 2031-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140QRCW1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    583820 | PA      | $604049.88    | 0.01%             | 2053-01-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| AMERICAN HONDA FINANCE CORPORATION                            | AMERICAN HONDA FINANCE CORP                        | CUSIP: 02665WFU0<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   9495000 | PA      | $9411603.90   | 0.18%             | 2031-10-23      | Fixed         | 4.85%                 | No            | 2                  | On Loan: No      |
| Cape Lookout Re Ltd.                                          | CAPE LOOKOUT RE LTD                                | CUSIP: 13947LAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2250000 | PA      | $2345400.00   | 0.05%             | 2032-03-13      | Variable      | 9.75%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36209BFM5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |        37 | PA      | $37.55        | 0.00%             | 2029-05-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| J.G. WENTWORTH LLC                                            | J G WENTWORTH XLI LLC                              | CUSIP: 46651TAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2580900 | PA      | $2325628.94   | 0.04%             | 2072-10-17      | Fixed         | 3.74%                 | Yes           | 2                  | On Loan: No      |
| WASTE CONNECTIONS, INC.                                       | WASTE CONNECTIONS INC                              | CUSIP: 94106BAJ0<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |   5810000 | PA      | $5927988.20   | 0.11%             | 2035-09-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425YYT8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    301363 | PA      | $319999.31    | 0.01%             | 2055-01-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426CMT8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.01         | 0.00%             | 2055-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     14332 | PA      | $14444.53     | 0.00%             | 2034-09-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DX71<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     11049 | PA      | $11126.65     | 0.00%             | 2033-06-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179RJE0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    141308 | PA      | $133013.09    | 0.00%             | 2045-07-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140W0QX6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    256414 | PA      | $269771.57    | 0.01%             | 2053-01-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CQDS1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    551215 | PA      | $583419.68    | 0.01%             | 2054-07-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31427BPK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    195157 | PA      | $203190.81    | 0.00%             | 2055-09-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| PRMI SECURITIZATION TRUST                                     | PRMI SECURITIZATION TRUST 2021 1                   | CUSIP: 69359DBW2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2479236 | PA      | $2010267.29   | 0.04%             | 2051-04-25      | Variable      | 2.48%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202ENV7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       906 | PA      | $908.95       | 0.00%             | 2037-07-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Kilimanjaro II Re Limited                                     | KILIMANJARO II RE LTD                              | CUSIP: 49407QAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $514000.00    | 0.01%             | 2032-07-09      | Variable      | 7.74%                 | Yes           | 2                  | On Loan: No      |
| American Airlines Pass Through Trust 2021-1B                  | AMERICAN AIRLINES 2021 1 CLASS B PASS              | CUSIP: 02376LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    904200 | PA      | $862285.45    | 0.02%             | 2032-01-11      | Fixed         | 3.95%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36207JTX1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       931 | PA      | $937.05       | 0.00%             | 2028-01-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| United States of America                                      | U S TREASURY NOTE                                  | CUSIP: 91282CKC4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11500000 | PA      | $11649140.63  | 0.22%             | 2031-02-28      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140ANQG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1573341 | PA      | $1638830.01   | 0.03%             | 2054-09-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                         | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2019 C51     | CUSIP: 95001VAU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2795000 | PA      | $2665994.54   | 0.05%             | 2052-06-15      | Fixed         | 3.31%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31417FMN5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     30665 | PA      | $26994.63     | 0.00%             | 2043-02-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Enbridge Inc.                                                 | ENBRIDGE INC                                       | CUSIP: 29250NCF0<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   3800000 | PA      | $3996699.40   | 0.08%             | 2054-06-27      | Fixed         | 7.20%                 | No            | 2                  | On Loan: No      |
| FloodSmart Re Ltd                                             | FLOODSMART RE LTD                                  | CUSIP: 33975CAP0<br>LEI: 549300KK1LNVFW95S875 | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1570500.00   | 0.03%             | 2031-03-11      | Variable      | 17.83%                | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201AY51<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3177 | PA      | $3203.61      | 0.00%             | 2032-10-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| MERCHANTS FLEET FUNDING LLC                                   | MERCHANTS FLEET FUNDING LLC                        | CUSIP: 588926AJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5270000 | PA      | $5334530.10   | 0.10%             | 2037-04-20      | Fixed         | 6.85%                 | Yes           | 2                  | On Loan: No      |
| MERCHANTS FLEET FUNDING LLC                                   | MERCHANTS FLEET FUNDING LLC                        | CUSIP: 588926AL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4490000 | PA      | $4496537.44   | 0.09%             | 2039-01-20      | Fixed         | 4.49%                 | Yes           | 2                  | On Loan: No      |
| United States of America                                      | 30 YEAR US TREASURY BOND FUTURE JUN26              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -59 | NC      | $-80203.12    | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| PHILLIPS 66 COMPANY                                           | PHILLIPS 66 CO                                     | CUSIP: 718547AU6<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |  10960000 | PA      | $11234625.60  | 0.22%             | 2031-06-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36176KBA4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     20297 | PA      | $19412.47     | 0.00%             | 2041-06-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31292HJR6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       967 | PA      | $1003.94      | 0.00%             | 2031-05-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XCFG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     32117 | PA      | $30503.36     | 0.00%             | 2051-05-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WAGJ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    136714 | PA      | $143290.43    | 0.00%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| MORGAN STANLEY                                                | MORGAN STANLEY                                     | CUSIP: 61747YFM2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   5590000 | PA      | $5714364.08   | 0.11%             | 2039-02-07      | Fixed         | 5.94%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XNNU4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    228009 | PA      | $208211.47    | 0.00%             | 2045-08-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CQ2T1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    141318 | PA      | $146192.95    | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| BUNKER HILL LOAN DEPOSITARY TRUST                             | BUNKER HILL LOAN DEPOSITARY TRUST 2020 1           | CUSIP: 12062RAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2985000 | PA      | $2916367.69   | 0.06%             | 2055-02-25      | Variable      | 3.25%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201L2D5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     19424 | PA      | $19594.88     | 0.00%             | 2033-03-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| DAIMLER TRUCK FINANCE NORTH AMERICA LLC                       | DAIMLER TRUCK FINANCE NORTH AMERICA LLC            | CUSIP: 233853BH2<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   5835000 | PA      | $5797138.20   | 0.11%             | 2030-10-12      | Fixed         | 4.65%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418BQ66<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     48706 | PA      | $42634.73     | 0.00%             | 2045-04-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31390YPN2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        98 | PA      | $101.65       | 0.00%             | 2032-09-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NN4U6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    872046 | PA      | $883480.60    | 0.02%             | 2053-07-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WFF36<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    349341 | PA      | $362570.58    | 0.01%             | 2054-06-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 01F052441<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  62000000 | PA      | $63204832.98  | 1.21%             | 2041-04-25      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140QRCL5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1888970 | PA      | $1966680.94   | 0.04%             | 2053-01-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426DUL4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    341780 | PA      | $354871.30    | 0.01%             | 2055-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CSJ36<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    457690 | PA      | $472870.41    | 0.01%             | 2054-08-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202ENK1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4910 | PA      | $4995.70      | 0.00%             | 2037-06-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Chevron U.S.A. Inc.                                           | CHEVRON USA INC                                    | CUSIP: 166756BL9<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |  10320000 | PA      | $10356499.36  | 0.20%             | 2035-10-15      | Fixed         | 4.85%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 21H042646<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   2000000 | PA      | $1931802.32   | 0.04%             | 2046-04-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133BWX57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    402967 | PA      | $407890.09    | 0.01%             | 2053-03-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AW2S7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    490861 | PA      | $486866.32    | 0.01%             | 2054-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138YPWD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    135459 | PA      | $119017.95    | 0.00%             | 2045-04-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| FIRST QUANTUM MINERALS LTD.                                   | FIRST QUANTUM MINERALS LTD                         | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   8260000 | PA      | $8564331.44   | 0.16%             | 2031-06-01      | Fixed         | 8.62%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179SST5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     46651 | PA      | $47337.51     | 0.00%             | 2046-12-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179T7M1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     20420 | PA      | $20609.86     | 0.00%             | 2048-08-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426G2Y0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1466695 | PA      | $1566601.36   | 0.03%             | 2055-03-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201EAG5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4255 | PA      | $4351.35      | 0.00%             | 2033-02-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426FFT9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    541223 | PA      | $571547.86    | 0.01%             | 2055-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418B3E4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    186690 | PA      | $182107.52    | 0.00%             | 2031-04-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36209PLN5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      9254 | PA      | $9453.79      | 0.00%             | 2028-07-20      | Fixed         | 5.90%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140QBUP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    403889 | PA      | $409319.48    | 0.01%             | 2049-09-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 01F062648<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | ABS-MBS          | USGSE             | US        | -76200000 | PA      | $-78829188.04 | -1.52%            | 2056-04-25      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NGAY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     93547 | PA      | $97047.85     | 0.00%             | 2053-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EDP1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      5063 | PA      | $5132.66      | 0.00%             | 2035-05-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| WELLS FARGO & COMPANY                                         | WELLS FARGO CO                                     | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3660000 | PA      | $3730935.27   | 0.07%             | 2031-01-24      | Fixed         | 5.24%                 | No            | 2                  | On Loan: No      |
| ATLAS CAPITAL DESIGNATED ACTIVITY COMPANY                     | ATLAS CAPITAL DAC                                  | CUSIP: 049207AA1<br>LEI: 635400CBPJFGGWD2AH20 | Long             | DBT              | CORP              | IE        |   2000000 | PA      | $2050400.00   | 0.04%             | 2029-06-05      | Variable      | 11.51%                | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620A3DS0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2837 | PA      | $2721.78      | 0.00%             | 2039-05-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| BANQUE OUEST AFRICAINE DE DEVELOPPEMENT                       | BANQUE OUEST AFRICAINE DE DEVELOPPEMENT            | CUSIP: 06675QAC7<br>LEI: 529900LIZJABE4JJS826 | Long             | DBT              |  | TG        |   6560000 | PA      | $6011751.94   | 0.12%             | 2031-10-22      | Fixed         | 4.70%                 | Yes           | 2                  | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST                        | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024 4      | CUSIP: 802919AF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12410000 | PA      | $12515369.59  | 0.24%             | 2031-12-15      | Fixed         | 5.32%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425YRH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    187544 | PA      | $190544.60    | 0.00%             | 2055-01-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W8XN8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     81259 | PA      | $85582.26     | 0.00%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WGFU4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    180108 | PA      | $187294.97    | 0.00%             | 2054-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133KYYT0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    210286 | PA      | $217401.58    | 0.00%             | 2043-01-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140MFKW2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    266421 | PA      | $232063.18    | 0.00%             | 2042-02-01      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| HARBOUR ENERGY PLC                                            | HARBOUR ENERGY PLC                                 | CUSIP: 411618AB7<br>LEI: 213800YPC42DYBKVPF97 | Long             | DBT              | CORP              | GB        |   1225000 | PA      | $1217371.19   | 0.02%             | 2026-10-15      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31371KR29<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       549 | PA      | $563.99       | 0.00%             | 2032-08-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36178GJ62<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    131985 | PA      | $126557.82    | 0.00%             | 2044-03-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| LIBRA SOLUTIONS LLC                                           | OASIS SECURITISATION                               | CUSIP: 53161AAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    930000 | PA      | $930662.72    | 0.02%             | 2039-08-15      | Fixed         | 6.36%                 | Yes           | 2                  | On Loan: No      |
| ZOETIS INC.                                                   | ZOETIS INC                                         | CUSIP: 98978VAX1<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |   6705000 | PA      | $6650423.85   | 0.13%             | 2035-08-17      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| ABBOTT LABORATORIES                                           | ABBOTT LABORATORIES                                | CUSIP: 002824BT6<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |   8220000 | PA      | $8044554.70   | 0.15%             | 2033-03-15      | Fixed         | 4.30%                 | No            | 2                  | On Loan: No      |
| FLEX LTD.                                                     | FLEX LTD                                           | CUSIP: 33938XAG0<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |   3465000 | PA      | $3404712.92   | 0.07%             | 2035-11-13      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36290TWK1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     23681 | PA      | $24675.69     | 0.00%             | 2036-10-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426B4F0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    195571 | PA      | $208551.63    | 0.00%             | 2055-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NN4Q5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    770245 | PA      | $798112.45    | 0.02%             | 2053-08-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620AR2D2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     12052 | PA      | $12342.08     | 0.00%             | 2037-10-20      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B4YG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    457139 | PA      | $475394.12    | 0.01%             | 2055-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B44G2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    600993 | PA      | $625647.90    | 0.01%             | 2055-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31419CNW9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     69990 | PA      | $69216.54     | 0.00%             | 2040-08-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140A9L40<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     79204 | PA      | $82884.51     | 0.00%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201LUD4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     17190 | PA      | $17699.04     | 0.00%             | 2032-05-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST                           | EXETER AUTOMOBILE RECEIVABLES TRUST 2024 3         | CUSIP: 30165AAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7480000 | PA      | $7648163.12   | 0.15%             | 2030-09-16      | Fixed         | 5.98%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140M7NR8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    342573 | PA      | $356212.79    | 0.01%             | 2055-04-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B3NQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    129170 | PA      | $136315.52    | 0.00%             | 2055-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| BAXTER INTERNATIONAL INC.                                     | BAXTER INTERNATIONAL INC                           | CUSIP: 071813DD8<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1431306.46   | 0.03%             | 2030-12-15      | Fixed         | 4.90%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CAQZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    649011 | PA      | $675814.40    | 0.01%             | 2053-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179TXX8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    122113 | PA      | $123275.78    | 0.00%             | 2048-05-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36178GJ70<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    527774 | PA      | $506072.02    | 0.01%             | 2044-03-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 01F050445<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  38000000 | PA      | $38277476.38  | 0.74%             | 2041-04-25      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C6WD7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    312270 | PA      | $319303.70    | 0.01%             | 2053-07-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138WE3H0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    183601 | PA      | $178216.58    | 0.00%             | 2030-07-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| COPT DEFENSE PROPERTIES, L.P.                                 | COPT DEFENSE PROPERTIES LP                         | CUSIP: 12713UAA4<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              | CORP              | US        |   1970000 | PA      | $1944546.56   | 0.04%             | 2030-10-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| U.S. BANCORP                                                  | US BANCORP                                         | CUSIP: 902973734<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |     50785 | NS      | $750094.45    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AVTN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.01         | 0.00%             | 2054-12-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| JETBLUE AIRWAYS CORPORATION 2020-1 PASS THROUGH TRUST         | JETBLUE 2020 1 CLASS A PASS THROUGH TRUST          | CUSIP: 477164AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1202321 | PA      | $1139024.19   | 0.02%             | 2034-05-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| NGPL PIPECO LLC                                               | NGPL PIPECO LLC                                    | CUSIP: 62928CAA0<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |   6295000 | PA      | $5785059.68   | 0.11%             | 2031-07-15      | Fixed         | 3.25%                 | Yes           | 2                  | On Loan: No      |
| Nomura Holdings, Inc.                                         | NOMURA HOLDINGS INC                                | CUSIP: 65535HBA6<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |  14325000 | PA      | $12880290.09  | 0.25%             | 2032-01-22      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31296QCV0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1696 | PA      | $1730.93      | 0.00%             | 2033-11-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36202DG62<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1652 | PA      | $1704.15      | 0.00%             | 2030-05-20      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| ENEL Finance International N.V.                               | ENEL FINANCE INTERNATIONAL NV                      | CUSIP: 29278GBH0<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |  13000000 | PA      | $12607059.40  | 0.24%             | 2035-09-30      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425YRM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     90889 | PA      | $96526.68     | 0.00%             | 2055-01-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| HILCORP ENERGY I, L.P.                                        | HILCORP ENERGY I LP HILCORP FINANCE CO             | CUSIP: 431318BG8<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |   3420000 | PA      | $3409447.59   | 0.07%             | 2035-02-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| CDX CDX NAHYS45V1 5Y                                          | CDX CDX NAHYS45V1 5Y                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        | 101583900 | OU      | $-5355858.76  | -0.10%            |  |  |  | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B1FN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     92516 | PA      | $94391.14     | 0.00%             | 2055-02-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425YXU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    186250 | PA      | $195837.05    | 0.00%             | 2055-01-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AWNC9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    465134 | PA      | $483653.25    | 0.01%             | 2054-12-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426CNA8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     74652 | PA      | $79312.52     | 0.00%             | 2055-03-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3618N5KX6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  23958753 | PA      | $24376095.84  | 0.47%             | 2055-04-20      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE TRUST                       | SALUDA GRADE ALTERNATIVE MORTGAGE TRUST 2024 CES1  | CUSIP: 79581VAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5778888 | PA      | $5841902.24   | 0.11%             | 2054-03-25      | Fixed         | 6.31%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140BNR59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     99354 | PA      | $102782.38    | 0.00%             | 2055-09-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| IMPERIAL FUND MORTGAGE TRUST                                  | IMPERIAL FUND MORTGAGE TRUST 2021 NQM2             | CUSIP: 452761AD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2065000 | PA      | $1514549.06   | 0.03%             | 2056-09-25      | Variable      | 2.49%                 | Yes           | 2                  | On Loan: No      |
| EURO                                                          | EURO                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | XX        |        22 | NS      | $24.89        | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| United States of America                                      | US 10YR ULTRA FUT JUN26                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -341 | NC      | $-124892.00   | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NM6J1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1157578 | PA      | $1187329.97   | 0.02%             | 2053-07-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36290TC72<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      8268 | PA      | $8492.18      | 0.00%             | 2034-10-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140MUY79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    145772 | PA      | $138000.69    | 0.00%             | 2052-06-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| SEQUOIA MORTGAGE TRUST                                        | SEQUOIA MORTGAGE TRUST 2012 6                      | CUSIP: 81744NAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    104235 | PA      | $101197.80    | 0.00%             | 2042-12-25      | Variable      | 3.67%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AMHP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2228682 | PA      | $2285741.76   | 0.04%             | 2054-08-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31389GP79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1732 | PA      | $1787.22      | 0.00%             | 2032-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31402RRS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3936 | PA      | $4042.46      | 0.00%             | 2035-10-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| LIBERTY MUTUAL INSURANCE COMPANY                              | LIBERTY MUTUAL INSURANCE                           | CUSIP: 53079QAD9<br>LEI: CNC20I6IOMGF7KY49D67 | Long             | DBT              | CORP              | US        |  16962000 | PA      | $18581207.79  | 0.36%             | 2097-10-15      | Fixed         | 7.70%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NQDL9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  15596436 | PA      | $15717791.88  | 0.30%             | 2053-09-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Aquila Re I Ltd.                                              | AQUILA RE I LTD SERIES 2023 1                      | CUSIP: 03843AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    850000 | PA      | $857650.00    | 0.02%             | 2030-06-08      | Variable      | 11.19%                | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AASN8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.02         | 0.00%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179NF78<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    107734 | PA      | $102091.88    | 0.00%             | 2043-06-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XNNR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1405893 | PA      | $1207320.20   | 0.02%             | 2052-02-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36225A2B5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2049 | PA      | $2082.78      | 0.00%             | 2028-04-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418EBJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3397216 | PA      | $2946742.24   | 0.06%             | 2042-02-01      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AARS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     43968 | PA      | $46082.78     | 0.00%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| THOPAS RE 2020 12 31 26                                       | THOPAS RE 2020 12 31 26                            | CUSIP: S00171925<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6000000 | PA      | $27000.00     | 0.00%             | 2026-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36181VR81<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2324 | PA      | $2224.84      | 0.00%             | 2044-03-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| United States of America                                      | UNITED STATES TREASURY BILL                        | CUSIP: 912797TG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30000000 | PA      | $29981925.00  | 0.58%             | 2026-04-07      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620A2XH4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       705 | PA      | $677.73       | 0.00%             | 2039-06-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| CVS HEALTH CORPORATION                                        | CVS HEALTH CORP                                    | CUSIP: 126650DU1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   7765000 | PA      | $7853723.59   | 0.15%             | 2033-02-21      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| READYCAP LENDING SMALL BUSINESS LOAN TRUST                    | READYCAP LENDING SMALL BUSINESS LOAN TRUST 2023 3  | CUSIP: 75576AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3947488 | PA      | $4005706.32   | 0.08%             | 2048-04-25      | Floating      | 6.82%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EK73<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7398 | PA      | $7506.02      | 0.00%             | 2036-11-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| COLUMBIA PIPELINES HOLDING COMPANY LLC                        | COLUMBIA PIPELINES HOLDING CO LLC                  | CUSIP: 19828AAF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6260000 | PA      | $6218769.76   | 0.12%             | 2032-11-17      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| ARBOR REALTY COMMERCIAL REAL ESTATE NOTES LTD                 | ARBOR REALTY COLLATERALIZED LOAN OBLIGATION LTD    | CUSIP: 03881UAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1770000 | PA      | $1770738.09   | 0.03%             | 2041-01-18      | Floating      | 5.60%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 3142JYQX3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    100000 | PA      | $103975.71    | 0.00%             | 2056-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XF3R0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    938783 | PA      | $854439.12    | 0.02%             | 2047-12-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133BKG60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    996915 | PA      | $984983.28    | 0.02%             | 2052-09-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213JJR7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6500 | PA      | $6580.58      | 0.00%             | 2032-01-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C7Z42<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    409587 | PA      | $423856.46    | 0.01%             | 2053-07-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| VSTRONG AUTO RECEIVABLES TRUST                                | VSTRONG AUTO RECEIVABLES TRUST 2023 A              | CUSIP: 92920CAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2670000 | PA      | $2889764.23   | 0.06%             | 2030-02-15      | Fixed         | 9.31%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EDE6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     18339 | PA      | $18578.10     | 0.00%             | 2035-04-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36212YMU4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7704 | PA      | $7862.44      | 0.00%             | 2031-02-15      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| FREDDIE MAC SEASONED CREDIT RISK TRANSFER TRUST               | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 35563PRE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3180306 | PA      | $3092205.84   | 0.06%             | 2059-11-25      | Variable      | 4.25%                 | Yes           | 2                  | On Loan: No      |
| United States of America                                      | U S TREASURY BOND                                  | CUSIP: 912810UT3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33000000 | PA      | $31814062.50  | 0.61%             | 2046-02-15      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| Smithfield Foods, Inc.                                        | SMITHFIELD FOODS INC                               | CUSIP: 832248BB3<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    668000 | PA      | $674099.88    | 0.01%             | 2029-04-01      | Fixed         | 5.20%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XQTC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3617725 | PA      | $3642653.80   | 0.07%             | 2054-05-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| SANDERS RE IV LTD                                             | SANDERS RE IV LTD                                  | CUSIP: 80001WAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    600000 | PA      | $598980.00    | 0.01%             | 2034-04-07      | Floating      | 7.02%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140MHSU4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.01         | 0.00%             | 2052-03-01      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138YPZM7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    177298 | PA      | $170719.87    | 0.00%             | 2045-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| International Bank for Reconstruction and Development         | INTERNATIONAL BANK FOR RECONSTRUCTION DEVELOPMENT  | CUSIP: N/A<br>LEI: ZTMSNXROF84AHWJNKQ93       | Long             | DBT              |  | US        |    250000 | PA      | $261575.00    | 0.01%             | 2028-07-24      | Floating      | 17.60%                | Yes           | 2                  | On Loan: No      |
| AFFILIATED MANAGERS GROUP, INC.                               | AFFILIATED MANAGERS GROUP INC                      | CUSIP: 008252AS7<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | DBT              | CORP              | US        |  18045000 | PA      | $17786713.98  | 0.34%             | 2036-02-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Four Lakes Re Ltd.                                            | FOUR LAKES RE LTD                                  | CUSIP: 35087TAE8<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $760425.00    | 0.01%             | 2027-01-07      | Variable      | 9.66%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31424UPH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  22897905 | PA      | $4033198.93   | 0.08%             | 2052-07-25      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31388FFT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1095 | PA      | $1132.01      | 0.00%             | 2031-09-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426GAX3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    521035 | PA      | $529512.51    | 0.01%             | 2055-04-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DQMA1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1119641 | PA      | $1158582.82   | 0.02%             | 2053-04-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425V6Z1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    287272 | PA      | $297181.52    | 0.01%             | 2054-12-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138WDAJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     40436 | PA      | $35898.29     | 0.00%             | 2043-12-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Aquila Re I Ltd.                                              | AQUILA RE I LTD SERIES 2023 1                      | CUSIP: 037987AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1250000 | PA      | $1278125.00   | 0.02%             | 2031-06-07      | Variable      | 9.31%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179TSG1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    260846 | PA      | $244481.30    | 0.00%             | 2048-02-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200MQY2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     11682 | PA      | $11941.58     | 0.00%             | 2033-07-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Santander Holdings USA, Inc.                                  | SANTANDER HOLDINGS USA INC                         | CUSIP: 80282KBK1<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   2140000 | PA      | $2144380.79   | 0.04%             | 2027-05-31      | Fixed         | 6.12%                 | No            | 2                  | On Loan: No      |
| AECOM                                                         | AECOM                                              | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |   8230000 | PA      | $8220957.70   | 0.16%             | 2033-08-01      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426CUB8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    167886 | PA      | $179201.63    | 0.00%             | 2055-01-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36209JS51<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       752 | PA      | $766.66       | 0.00%             | 2028-10-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138YVEW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     35875 | PA      | $30987.81     | 0.00%             | 2046-01-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| CREDIT AGRICOLE SA                                            | CREDIT AGRICOLE SA                                 | CUSIP: 22535WAR8<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   3545000 | PA      | $3588060.58   | 0.07%             | 2031-05-27      | Fixed         | 5.22%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36202DZZ7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     18383 | PA      | $18996.65     | 0.00%             | 2033-10-20      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| PI0047 RE 2025                                                | PI0047 RE 2025                                     | CUSIP: S00736826<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  11350000 | PA      | $12541604.73  | 0.24%             | 2031-06-30      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 01F022444<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4000000 | PA      | $3777940.20   | 0.07%             | 2041-04-25      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132D9QY3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  34957617 | PA      | $29187347.07  | 0.56%             | 2042-03-01      | Fixed         | 1.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425WKS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    370957 | PA      | $371649.21    | 0.01%             | 2054-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31390NN99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5615 | PA      | $5805.41      | 0.00%             | 2032-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| IMS ECUADORIAN MORTGAGE TRUST                                 | IMS ECUADORIAN MORTGAGE 2021 1 TRUST               | CUSIP: 44970EAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6468607 | PA      | $6226034.35   | 0.12%             | 2043-08-18      | Variable      | 3.40%                 | Yes           | 2                  | On Loan: No      |
| PI0051 CHELTENHAM RE 2025                                     | PI0051 CHELTENHAM RE 2025                          | CUSIP: S00727668<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1250000 | PA      | $1285125.00   | 0.02%             | 2029-05-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                         | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2026 1250B   | CUSIP: 949939AE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1640000 | PA      | $1619422.43   | 0.03%             | 2041-03-10      | Variable      | 5.59%                 | Yes           | 2                  | On Loan: No      |
| THOPAS RE 2024                                                | THOPAS RE 2024                                     | CUSIP: S00596492<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4256392 | PA      | $19717.52     | 0.00%             | 2029-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| DATABANK ISSUER, LLC                                          | DATABANK ISSUER                                    | CUSIP: 23802WAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2630000 | PA      | $2589271.82   | 0.05%             | 2054-01-26      | Variable      | 5.30%                 | Yes           | 2                  | On Loan: No      |
| ALLY FINANCIAL INC.                                           | ALLY FINANCIAL INC                                 | CUSIP: 02005NBV1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   4095000 | PA      | $4106897.24   | 0.08%             | 2035-07-26      | Fixed         | 6.18%                 | No            | 2                  | On Loan: No      |
| FIGRE TRUST                                                   | FIGRE TRUST 2025 HE5                               | CUSIP: 31684MAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15328657 | PA      | $15287065.78  | 0.29%             | 2055-08-25      | Variable      | 5.29%                 | Yes           | 2                  | On Loan: No      |
| ORACLE CORPORATION                                            | ORACLE CORP                                        | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   9752000 | PA      | $8204071.87   | 0.16%             | 2055-09-26      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| Truist Financial Corporation                                  | TRUIST FINANCIAL CORP                              | CUSIP: 89788MAR3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1920000 | PA      | $1965233.24   | 0.04%             | 2030-01-24      | Fixed         | 5.43%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202ES83<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     24219 | PA      | $24608.77     | 0.00%             | 2038-05-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| STATE STREET CORPORATION                                      | STATE STREET CORP                                  | CUSIP: 857477855<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |     46103 | NS      | $996746.86    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| MISSION LANE CREDIT CARD MASTER TRUST                         | MISSION LANE CREDIT CARD MASTER TRUST              | CUSIP: 60510MBE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8010000 | PA      | $8023001.83   | 0.15%             | 2030-01-15      | Fixed         | 5.88%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B56N2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    357670 | PA      | $369781.90    | 0.01%             | 2055-04-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38382XYK5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   9299070 | PA      | $918894.07    | 0.02%             | 2051-08-20      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XNCF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1653428 | PA      | $1703780.91   | 0.03%             | 2053-11-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620C2KQ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6282 | PA      | $5994.44      | 0.00%             | 2040-11-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FREDDIE MAC MULTIFAMILY STRUCTURED CREDIT RISK     | CUSIP: 35563FAA9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    175138 | PA      | $174824.09    | 0.00%             | 2051-01-25      | Floating      | 5.66%                 | Yes           | 2                  | On Loan: No      |
| GENERAL MOTORS FINANCIAL COMPANY, INC.                        | GENERAL MOTORS FINANCIAL CO INC                    | CUSIP: 37045XER3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2770000 | PA      | $2858145.25   | 0.05%             | 2031-02-08      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B57M3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.01         | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425WV99<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    391683 | PA      | $391570.23    | 0.01%             | 2054-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| ALLY FINANCIAL INC.                                           | ALLY FINANCIAL INC                                 | CUSIP: 02005NBY5<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   4440000 | PA      | $4285629.99   | 0.08%             | 2040-01-17      | Fixed         | 6.65%                 | No            | 2                  | On Loan: No      |
| BSREP COMMERCIAL MORTGAGE TRUST                               | BSREP COMMERCIAL MORTGAGE TRUST 2021 DC            | CUSIP: 05591UAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1171665 | PA      | $1083790.31   | 0.02%             | 2038-08-15      | Floating      | 5.14%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AU5L3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    228473 | PA      | $244377.34    | 0.00%             | 2054-12-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W8WJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     34521 | PA      | $35914.37     | 0.00%             | 2054-01-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| SILK ROAD RE LTD                                              | SILK ROAD RE LTD                                   | CUSIP: YS2541615<br>LEI: N/A                  | Long             | DBT              | CORP              | HK        |    250000 | PA      | $251875.00    | 0.00%             | 2032-01-12      | Floating      | 9.53%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C06U1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    317704 | PA      | $319942.33    | 0.01%             | 2053-04-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140M9AZ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    669303 | PA      | $690567.27    | 0.01%             | 2053-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 01F060642<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | ABS-MBS          | USGSE             | US        | -68350000 | PA      | $-69671068.80 | -1.34%            | 2056-04-25      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36202DHK0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       457 | PA      | $470.60       | 0.00%             | 2030-06-20      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140M9KX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5451567 | PA      | $4678302.41   | 0.09%             | 2051-12-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Chartwell Re Ltd.                                             | CHARTWELL RE LTD                                   | CUSIP: 16140YAA0<br>LEI: 984500FFT645KFFE6F50 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $774300.00    | 0.01%             | 2028-06-07      | Variable      | 9.09%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CQEY7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2099815 | PA      | $2174547.64   | 0.04%             | 2054-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| CITIZENS FINANCIAL GROUP, INC.                                | CITIZENS FINANCIAL GROUP INC                       | CUSIP: 174610BH7<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   4138000 | PA      | $4253479.50   | 0.08%             | 2032-07-23      | Fixed         | 5.72%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DWJ46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  59743821 | PA      | $60130218.71  | 1.16%             | 2053-12-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140QK4Y1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1617653 | PA      | $1396950.24   | 0.03%             | 2046-06-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36210P5E0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7037 | PA      | $7157.34      | 0.00%             | 2029-04-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140ADC82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    466018 | PA      | $484047.26    | 0.01%             | 2054-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 01F050643<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  81600000 | PA      | $80467933.82  | 1.55%             | 2056-04-25      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179UCD2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6817 | PA      | $6878.78      | 0.00%             | 2048-09-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| LIBRA SOLUTIONS LLC                                           | OASIS SECURITISATION                               | CUSIP: 53161AAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2820000 | PA      | $2815977.27   | 0.05%             | 2039-08-15      | Fixed         | 8.05%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CYXF0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    339564 | PA      | $363202.37    | 0.01%             | 2054-11-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36176MYW7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     49891 | PA      | $49234.16     | 0.00%             | 2041-08-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 3137ATFZ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3544790 | PA      | $520324.85    | 0.01%             | 2042-08-15      | Floating      | 2.76%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NQK49<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    152565 | PA      | $155914.62    | 0.00%             | 2054-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202E2A6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3190 | PA      | $3240.73      | 0.00%             | 2039-02-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DVL2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     11497 | PA      | $11633.01     | 0.00%             | 2032-12-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38383CAC4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1243758 | PA      | $229897.81    | 0.00%             | 2051-10-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133D1VG1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    787249 | PA      | $830137.04    | 0.02%             | 2054-11-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| PROVIDENT FUNDING MORTGAGE LOAN TRUST                         | PROVIDENT FUNDING MORTGAGE TRUST 2021 1            | CUSIP: 74387YAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3091531 | PA      | $2575814.92   | 0.05%             | 2051-04-25      | Variable      | 2.38%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426CD68<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     98598 | PA      | $101999.72    | 0.00%             | 2055-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31405JKS2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2502 | PA      | $2550.46      | 0.00%             | 2034-09-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Marlon Ltd.                                                   | MARLON LTD                                         | CUSIP: 571253AA1<br>LEI: 98450044CD0YE4DAFC06 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $260975.00    | 0.01%             | 2031-06-09      | Variable      | 11.26%                | Yes           | 2                  | On Loan: No      |
| CVS HEALTH CORPORATION                                        | CVS HEALTH CORP                                    | CUSIP: 126650DX5<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1205869.73   | 0.02%             | 2031-01-30      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| United States of America                                      | ULTRA LONG TERM US TREASURY BOND FUTURE JUN26      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      1980 | NC      | $-7438848.93  | -0.14%            |  |  |  | No            | 1                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AFVM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    214628 | PA      | $225539.90    | 0.00%             | 2054-06-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140A9F47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     85247 | PA      | $89347.56     | 0.00%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DSDC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8520627 | PA      | $8011152.85   | 0.15%             | 2046-12-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31419AVT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    294010 | PA      | $284162.68    | 0.01%             | 2040-12-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133A6DW8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    308738 | PA      | $294921.10    | 0.01%             | 2050-06-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36208PYY8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       672 | PA      | $681.81       | 0.00%             | 2029-02-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| PRESTIGE AUTO RECEIVABLES TRUST                               | PRESTIGE AUTO RECEIVABLES TRUST 2025 1             | CUSIP: 74113UAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4400000 | PA      | $4388858.32   | 0.08%             | 2031-07-15      | Fixed         | 6.02%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NRG26<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1459378 | PA      | $1535012.29   | 0.03%             | 2053-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133D1PD5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1058698 | PA      | $1124402.13   | 0.02%             | 2054-11-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AWT58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    116577 | PA      | $120797.02    | 0.00%             | 2055-01-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CBCN6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    634675 | PA      | $650158.64    | 0.01%             | 2053-09-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| ELEVANCE HEALTH, INC.                                         | ELEVANCE HEALTH INC                                | CUSIP: 036752AZ6<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   2220000 | PA      | $2249102.38   | 0.04%             | 2034-06-15      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| CBRE SERVICES, INC.                                           | CBRE SERVICES INC                                  | CUSIP: 12505BAL4<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |   1660000 | PA      | $1636960.33   | 0.03%             | 2033-01-15      | Fixed         | 4.90%                 | No            | 2                  | On Loan: No      |
| HILTON GRAND VACATIONS BORROWER LLC                           | HILTON GRAND VACATIONS                             | CUSIP: 43283QAC4<br>LEI: 254900HF0EZ734FDVY79 | Long             | DBT              | CORP              | US        |   4480000 | PA      | $4424948.33   | 0.09%             | 2032-01-15      | Fixed         | 6.62%                 | Yes           | 2                  | On Loan: No      |
| JPMORGAN CHASE & CO.                                          | JPMORGAN CHASE CO                                  | CUSIP: 46647PCR5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   9060000 | PA      | $8053553.50   | 0.15%             | 2032-11-08      | Fixed         | 2.54%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426BU53<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     81478 | PA      | $86977.74     | 0.00%             | 2055-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Blue Ridge Re Ltd.                                            | BLUE RIDGE RE LTD                                  | CUSIP: 096003AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1007900.00   | 0.02%             | 2031-01-08      | Variable      | 8.86%                 | Yes           | 2                  | On Loan: No      |
| United States of America                                      | U S TREASURY NOTE                                  | CUSIP: 91282CHZ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  44600800 | PA      | $45867393.14  | 0.88%             | 2030-09-30      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179WVW5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     53524 | PA      | $49544.33     | 0.00%             | 2052-01-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140A1KY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    280078 | PA      | $286452.34    | 0.01%             | 2053-08-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| BANQUE CANADIENNE IMPERIALE DE COMMERCE                       | CANADIAN IMPERIAL BANK OF COMMERCE                 | CUSIP: 13607PHS6<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   8420000 | PA      | $8429334.41   | 0.16%             | 2030-09-11      | Fixed         | 4.63%                 | No            | 2                  | On Loan: No      |
| UNICREDIT, SOCIETA PER AZIONI                                 | UNICREDIT SPA                                      | CUSIP: 904678AS8<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |   4578000 | PA      | $4569751.63   | 0.09%             | 2035-06-30      | Fixed         | 5.46%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DVLP8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1692095 | PA      | $1457412.94   | 0.03%             | 2051-02-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3617AVXD5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    574515 | PA      | $541389.49    | 0.01%             | 2048-02-20      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORPORATION                                   | BANK OF AMERICA CORP                               | CUSIP: 06051GHX0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  18900000 | PA      | $17877532.30  | 0.34%             | 2030-10-22      | Fixed         | 2.88%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36209GSA6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     10578 | PA      | $10771.39     | 0.00%             | 2032-03-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179SLV7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     15184 | PA      | $15472.78     | 0.00%             | 2046-09-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 3137FFHE0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1589049 | PA      | $243103.88    | 0.00%             | 2051-03-25      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| UBS Group AG                                                  | UBS GROUP AG                                       | CUSIP: 225401BG2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   3635000 | PA      | $3864165.59   | 0.07%             | 2034-09-22      | Fixed         | 6.30%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138YTJ88<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    541256 | PA      | $529415.69    | 0.01%             | 2030-10-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| RADIAN GUARANTY INC AND EAGLE RE LTD                          | EAGLE RE 2023 1 LTD                                | CUSIP: 26982EAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6810000 | PA      | $6966188.03   | 0.13%             | 2033-09-26      | Floating      | 7.61%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AVTL5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    195091 | PA      | $199115.95    | 0.00%             | 2054-12-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                                    | JP MORGAN MORTGAGE TRUST 2021 8                    | CUSIP: 46592TBS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  82185417 | PA      | $495282.20    | 0.01%             | 2051-12-25      | Variable      | 0.11%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C7PW1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1059676 | PA      | $1098340.73   | 0.02%             | 2053-06-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36290V4D3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     26953 | PA      | $27199.09     | 0.00%             | 2034-10-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XNNP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12159011 | PA      | $10502789.16  | 0.20%             | 2051-05-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200KTF4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      9683 | PA      | $9813.49      | 0.00%             | 2033-04-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36184LS63<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    571865 | PA      | $546003.31    | 0.01%             | 2045-05-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138NWT66<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     86267 | PA      | $76729.62     | 0.00%             | 2042-12-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133AKL99<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    191955 | PA      | $182257.34    | 0.00%             | 2051-04-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3128MJEN6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      2001 | PA      | $2101.41      | 0.00%             | 2036-07-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| JBS USA Holding Lux S.a r.l.                                  | JBS USA FOOD FINANCE                               | CUSIP: 46590XAN6<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |   3430000 | PA      | $3290098.88   | 0.06%             | 2029-02-02      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NRSA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3051268 | PA      | $3075206.33   | 0.06%             | 2053-09-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| VRTX TRUST                                                    | VRTX TRUST 2025 HQ                                 | CUSIP: 91835XAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4950000 | PA      | $4969258.97   | 0.10%             | 2030-09-05      | Variable      | 6.82%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426CR97<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     98457 | PA      | $104706.00    | 0.00%             | 2055-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| CUMMINS INC.                                                  | CUMMINS INC                                        | CUSIP: 231021BA3<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | DBT              | CORP              | US        |  17160000 | PA      | $17490808.59  | 0.34%             | 2035-05-09      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| MSCI INC.                                                     | MSCI INC                                           | CUSIP: 55354GAR1<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |   2760000 | PA      | $2703575.42   | 0.05%             | 2035-09-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31297ACB8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       838 | PA      | $846.00       | 0.00%             | 2034-11-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| VENTURE GLOBAL LNG, INC.                                      | VENTURE GLOBAL LNG INC                             | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   2441000 | PA      | $2538579.80   | 0.05%             | 2031-06-01      | Fixed         | 8.38%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202ERR2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1067 | PA      | $1061.34      | 0.00%             | 2038-03-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620ASVB2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     71163 | PA      | $67940.28     | 0.00%             | 2041-09-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WANH7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     72990 | PA      | $75745.17     | 0.00%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201TF77<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     19065 | PA      | $19399.16     | 0.00%             | 2033-02-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426ASG4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    275792 | PA      | $287322.07    | 0.01%             | 2055-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200NHX2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     53738 | PA      | $54832.95     | 0.00%             | 2034-03-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST        | JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRU | CUSIP: 46645WAU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6150000 | PA      | $5865439.50   | 0.11%             | 2033-07-05      | Fixed         | 4.25%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B0DV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    145024 | PA      | $153326.46    | 0.00%             | 2055-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| LXP INDUSTRIAL TRUST                                          | LXP INDUSTRIAL TRUST                               | CUSIP: 529043AE1<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              | CORP              | US        |   4880000 | PA      | $4449343.03   | 0.09%             | 2030-09-15      | Fixed         | 2.70%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140ANQF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2097748 | PA      | $2185727.32   | 0.04%             | 2054-09-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NSAZ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    309432 | PA      | $321993.67    | 0.01%             | 2053-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| IMPERIAL FUND MORTGAGE TRUST                                  | IMPERIAL FUND MORTGAGE TRUST 2021 NQM2             | CUSIP: 452761AE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1800000 | PA      | $1345579.74   | 0.03%             | 2056-09-25      | Variable      | 3.29%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DTEC0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3589798 | PA      | $3225791.15   | 0.06%             | 2052-09-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| MOSAIC SOLAR LOAN TRUST                                       | MOSAIC SOLAR LOAN TRUST 2019 2                     | CUSIP: 61945LAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1229135 | PA      | $1088303.84   | 0.02%             | 2040-09-20      | Fixed         | 2.88%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DUW9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7367 | PA      | $7710.20      | 0.00%             | 2032-10-20      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36291AWU9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     14348 | PA      | $14666.85     | 0.00%             | 2033-11-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| ACHM TRUST                                                    | ACHM TRUST 2024 HE2                                | CUSIP: 00112DAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4298504 | PA      | $4305608.09   | 0.08%             | 2039-10-25      | Variable      | 5.35%                 | Yes           | 2                  | On Loan: No      |
| CASCADE MORTGAGE ASSET TRUST                                  | CASCADE MH ASSET TRUST 2019 MH1                    | CUSIP: 14732FAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3902972 | PA      | $3749520.80   | 0.07%             | 2044-11-25      | Fixed         | 4.00%                 | Yes           | 2                  | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST                  | AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2025  | CUSIP: 024938AG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6720000 | PA      | $6779549.28   | 0.13%             | 2031-07-14      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| UNICREDIT, SOCIETA PER AZIONI                                 | UNICREDIT SPA                                      | CUSIP: 904678AQ2<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |   7483000 | PA      | $7874587.56   | 0.15%             | 2034-04-02      | Fixed         | 7.30%                 | Yes           | 2                  | On Loan: No      |
| HSBC HOLDINGS PLC                                             | HSBC HOLDINGS PLC                                  | CUSIP: 404280CV9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  10240000 | PA      | $9693108.22   | 0.19%             | 2029-08-17      | Fixed         | 2.21%                 | No            | 2                  | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST                           | NEW RESIDENTIAL MORTGAGE LOAN TRUST 2019 RPL2      | CUSIP: 64830HAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10950000 | PA      | $9735579.30   | 0.19%             | 2059-02-25      | Fixed         | 3.75%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31371LVD8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2149 | PA      | $2224.79      | 0.00%             | 2034-10-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425VDG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     81719 | PA      | $81069.07     | 0.00%             | 2054-11-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| VIRIBUS RE 2019 12 31 26                                      | VIRIBUS RE 2019 12 31 26                           | CUSIP: S00121123<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3650000 | PA      | $0.00         | 0.00%             | 2026-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DP6J2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    765319 | PA      | $690819.59    | 0.01%             | 2050-08-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| South Bow Canadian Infrastructure Holdings Ltd.               | SOUTH BOW CANADIAN                                 | CUSIP: 836720AG7<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |   4385000 | PA      | $4514664.45   | 0.09%             | 2055-03-01      | Fixed         | 7.62%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31427AVE4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    295484 | PA      | $304908.81    | 0.01%             | 2055-09-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179UCA8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    669981 | PA      | $627359.90    | 0.01%             | 2048-09-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213QZ51<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     27014 | PA      | $27820.68     | 0.00%             | 2031-08-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST                           | GS MORTGAGE BACKED SECURITIES TRUST 2021 PJ9       | CUSIP: 36263CBN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         0 | PA      | $0.01         | 0.00%             | 2052-02-26      | Variable      | 2.92%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138A1L90<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     63556 | PA      | $62899.31     | 0.00%             | 2041-02-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| KEYBANK NATIONAL ASSOCIATION                                  | KEYBANK NA CLEVELAND OH                            | CUSIP: 49327V2C7<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   4961000 | PA      | $4877179.44   | 0.09%             | 2032-08-08      | Fixed         | 4.90%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31387DM71<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       224 | PA      | $231.69       | 0.00%             | 2031-05-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31292HVC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     22757 | PA      | $23462.28     | 0.00%             | 2033-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| ABN AMRO Bank N.V.                                            | ABN AMRO BANK NV                                   | CUSIP: 00084DAV2<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |  18000000 | PA      | $16066173.24  | 0.31%             | 2037-03-13      | Fixed         | 3.32%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W9MG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    136969 | PA      | $142390.92    | 0.00%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426AX29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1014278 | PA      | $1071102.23   | 0.02%             | 2055-01-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 01F040644<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  50000000 | PA      | $47176182.00  | 0.91%             | 2056-04-25      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140MQDA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    488348 | PA      | $448286.65    | 0.01%             | 2052-06-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31405QSE9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     25910 | PA      | $26726.19     | 0.00%             | 2034-11-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31388JS97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       306 | PA      | $316.46       | 0.00%             | 2031-10-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DSC67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    129489 | PA      | $130857.94    | 0.00%             | 2044-03-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| KODIAK GAS SERVICES, LLC                                      | KODIAK GAS SERVICES LLC                            | CUSIP: 50012LAF1<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1326537.12   | 0.03%             | 2031-04-01      | Fixed         | 5.88%                 | Yes           | 2                  | On Loan: No      |
| REGIONAL MANAGEMENT ISSUANCE TRUST                            | REGIONAL MANAGEMENT ISSUANCE TRUST 2024 2          | CUSIP: 75907AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4640000 | PA      | $4657802.29   | 0.09%             | 2033-12-15      | Fixed         | 5.11%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36202DHW4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       518 | PA      | $528.74       | 0.00%             | 2030-07-20      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425VUY7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1325869 | PA      | $1348189.03   | 0.03%             | 2054-12-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| MACCLESFIELD RE 2026                                          | MACCLESFIELD RE 2026                               | CUSIP: S00817947<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    627344 | PA      | $623015.33    | 0.01%             | 2028-02-28      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| AMERICA'S CAR-MART TRUST                                      | ACM AUTO TRUST 2024 2                              | CUSIP: 00461WAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     30495 | PA      | $30503.03     | 0.00%             | 2029-02-20      | Fixed         | 6.06%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426D2F8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    701258 | PA      | $726578.88    | 0.01%             | 2055-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3128K4WZ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     18515 | PA      | $18894.32     | 0.00%             | 2036-04-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140J7UG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    169980 | PA      | $160353.56    | 0.00%             | 2047-12-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| COREWEAVE, INC.                                               | COREWEAVE INC                                      | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   8530000 | PA      | $8116456.22   | 0.16%             | 2031-02-01      | Fixed         | 9.00%                 | Yes           | 2                  | On Loan: No      |
| TRICOLOR AUTO SECURITIZATION TRUST                            | TRICOLOR AUTO SECURITIZATION TRUST 2024 2          | CUSIP: 89616PAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3330000 | PA      | $2030634.00   | 0.04%             | 2028-04-17      | Fixed         | 6.93%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C8ED3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    445702 | PA      | $464289.44    | 0.01%             | 2053-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| GLS AUTO RECEIVABLES TRUST                                    | GLS AUTO RECEIVABLES ISSUER TRUST 2024 2           | CUSIP: 379924AJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5210000 | PA      | $5322393.77   | 0.10%             | 2030-02-15      | Fixed         | 6.19%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31296RUW6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     23929 | PA      | $24419.26     | 0.00%             | 2033-12-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| HSBC HOLDINGS PLC                                             | HSBC HOLDINGS PLC                                  | CUSIP: 404280CY3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  11015000 | PA      | $9855775.01   | 0.19%             | 2032-11-22      | Fixed         | 2.87%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31405SFS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     28090 | PA      | $27780.04     | 0.00%             | 2035-10-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AG2K9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    205585 | PA      | $215868.76    | 0.00%             | 2054-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425VMX8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    384554 | PA      | $388009.01    | 0.01%             | 2054-12-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| CASCADE FUNDING MORTGAGE TRUST                                | CFMT 2024 HB14 LLC                                 | CUSIP: 12530XAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1840000 | PA      | $1780320.15   | 0.03%             | 2034-06-25      | Variable      | 3.00%                 | Yes           | 2                  | On Loan: No      |
| CITIZENS FINANCIAL GROUP, INC.                                | CITIZENS FINANCIAL GROUP INC                       | CUSIP: 174610BF1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   4124000 | PA      | $4247025.39   | 0.08%             | 2030-01-23      | Fixed         | 5.84%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179QR29<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    337047 | PA      | $333110.62    | 0.01%             | 2044-10-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213FB93<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6395 | PA      | $6568.43      | 0.00%             | 2032-09-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31288D7K9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     21491 | PA      | $21930.85     | 0.00%             | 2033-01-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                         | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016 LC24    | CUSIP: 95000HBJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  20941915 | PA      | $44007.34     | 0.00%             | 2049-10-15      | Variable      | 1.55%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DZX2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7112 | PA      | $7163.77      | 0.00%             | 2033-10-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140N6YQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2989414 | PA      | $2979031.15   | 0.06%             | 2052-11-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| BENCHMARK MORTGAGE TRUST                                      | BENCHMARK 2018 B8 MORTGAGE TRUST                   | CUSIP: 08162UAV2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7340000 | PA      | $7259830.32   | 0.14%             | 2052-01-15      | Fixed         | 3.96%                 | No            | 2                  | On Loan: No      |
| PANGAEA RE LTD                                                | PANGAEA RE LTD                                     | CUSIP: S00798853<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $2088403.06   | 0.04%             | 2031-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B4HT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    976080 | PA      | $989439.30    | 0.02%             | 2055-03-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620AMK27<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     39961 | PA      | $39781.88     | 0.00%             | 2040-09-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| HSBC HOLDINGS PLC                                             | HSBC HOLDINGS PLC                                  | CUSIP: 404280FB0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   5910000 | PA      | $5916553.95   | 0.11%             | 2036-09-10      | Fixed         | 5.74%                 | No            | 2                  | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                         | FOUNDRY JV HOLDCO LLC                              | CUSIP: 350930AB9<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   7021000 | PA      | $7266014.79   | 0.14%             | 2030-01-25      | Fixed         | 5.90%                 | Yes           | 2                  | On Loan: No      |
| FS RIALTO ISSUER, LTD.                                        | FS RIALTO ISSUER LTD                               | CUSIP: 30340KAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8840000 | PA      | $8836258.91   | 0.17%             | 2030-02-01      | Floating      | 5.06%                 | Yes           | 2                  | On Loan: No      |
| Sanders Re III Ltd.                                           | SANDERS RE III LTD                                 | CUSIP: 799925AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1515000.00   | 0.03%             | 2029-06-05      | Variable      | 11.38%                | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36205VU97<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3703 | PA      | $3752.99      | 0.00%             | 2032-07-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C1AC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    279418 | PA      | $277326.90    | 0.01%             | 2053-03-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Sanders Re II Ltd                                             | SANDERS RE II LTD                                  | CUSIP: 80001TAD9<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $786600.00    | 0.02%             | 2033-04-07      | Variable      | 8.37%                 | Yes           | 2                  | On Loan: No      |
| MATTERHORN RE LTD                                             | MATTERHORN RE LTD                                  | CUSIP: 577092BB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    350000 | PA      | $348740.00    | 0.01%             | 2029-02-16      | Floating      | 11.30%                | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31335AWT1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1700983 | PA      | $1600323.32   | 0.03%             | 2046-07-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DZE4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       836 | PA      | $829.97       | 0.00%             | 2033-09-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425UZG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    295548 | PA      | $308028.22    | 0.01%             | 2054-12-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EAY5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2910 | PA      | $2933.48      | 0.00%             | 2034-10-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DSCY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     24808 | PA      | $25197.57     | 0.00%             | 2039-01-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| AVOLON HOLDINGS FUNDING LIMITED                               | AVOLON HOLDINGS FUNDING LTD                        | CUSIP: 05401AAZ4<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   2060000 | PA      | $2082461.15   | 0.04%             | 2030-05-30      | Fixed         | 5.38%                 | Yes           | 2                  | On Loan: No      |
| Residential Reinsurance 2024 Limited                          | RESIDENTIAL REINSURANCE 2004 LTD                   | CUSIP: 76112AAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1250000 | PA      | $1279500.00   | 0.02%             | 2028-12-06      | Variable      | 9.05%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DWE7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     10418 | PA      | $10485.74     | 0.00%             | 2033-02-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140A1ZG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    503346 | PA      | $508972.47    | 0.01%             | 2053-10-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426BT30<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     97211 | PA      | $103891.23    | 0.00%             | 2055-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31298HRL4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        87 | PA      | $92.59        | 0.00%             | 2031-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38379U5F9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  13916149 | PA      | $428256.95    | 0.01%             | 2058-10-16      | Variable      | 0.59%                 | No            | 2                  | On Loan: No      |
| VIRIBUS RE 2023                                               | VIRIBUS RE 2023                                    | CUSIP: S00499836<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $0.00         | 0.00%             | 2028-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AJSX7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    606487 | PA      | $631004.16    | 0.01%             | 2054-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AANC7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     39886 | PA      | $41874.24     | 0.00%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| BNP PARIBAS SA                                                | BNP PARIBAS SA                                     | CUSIP: 05602XJC3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1222000 | PA      | $1225306.73   | 0.02%             | 2199-12-31      | Fixed         | 7.38%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31296RZ76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5289 | PA      | $5397.33      | 0.00%             | 2033-12-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620ARMD0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     94156 | PA      | $93415.89     | 0.00%             | 2040-10-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213FBX0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     30901 | PA      | $32108.26     | 0.00%             | 2032-09-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| DENTSPLY SIRONA INC.                                          | DENTSPLY SIRONA INC                                | CUSIP: 24906PAB5<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |   9455000 | PA      | $9233088.31   | 0.18%             | 2055-09-12      | Fixed         | 8.38%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31385JP51<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7195 | PA      | $7384.13      | 0.00%             | 2032-10-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36241KKY3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     41158 | PA      | $43371.50     | 0.00%             | 2036-08-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Integrity Re III Ltd.                                         | INTEGRITY RE III LTD                               | CUSIP: 45870GAD8<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $769950.00    | 0.01%             | 2028-06-06      | Variable      | 12.01%                | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DMYW9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    501116 | PA      | $447342.01    | 0.01%             | 2051-08-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C1C57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     33541 | PA      | $33199.01     | 0.00%             | 2053-04-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XMC95<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4979269 | PA      | $4294962.84   | 0.08%             | 2047-03-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DWU1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      9633 | PA      | $9699.72      | 0.00%             | 2033-03-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| FREDDIE MAC SEASONED CREDIT RISK TRANSFER TRUST               | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 35563PHQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12509373 | PA      | $12306360.43  | 0.24%             | 2058-03-25      | Variable      | 4.75%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140A9F54<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     64622 | PA      | $67703.57     | 0.00%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426FP43<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1133932 | PA      | $1151479.44   | 0.02%             | 2055-03-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36176UCZ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       678 | PA      | $658.63       | 0.00%             | 2041-11-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION G1        | CUSIP: 36225BLL0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3994 | PA      | $4093.34      | 0.00%             | 2030-12-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36210ARN9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     26837 | PA      | $27038.07     | 0.00%             | 2035-01-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418CG32<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     29337 | PA      | $27492.49     | 0.00%             | 2047-02-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Blue Ridge Re Ltd.                                            | BLUE RIDGE RE LTD                                  | CUSIP: 096003AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1750000 | PA      | $1778525.00   | 0.03%             | 2031-01-08      | Variable      | 11.74%                | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425YSA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     98871 | PA      | $104301.67    | 0.00%             | 2055-01-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| U.S. BANCORP                                                  | US BANCORP                                         | CUSIP: 91159HJQ4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2560254.25   | 0.05%             | 2030-01-23      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| FOUR LAKES RE LTD                                             | FOUR LAKES RE LTD                                  | CUSIP: 35087TAK4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $991000.00    | 0.02%             | 2033-01-10      | Floating      | 9.55%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426CE34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    110637 | PA      | $116835.73    | 0.00%             | 2055-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WC2D5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    204761 | PA      | $215657.61    | 0.00%             | 2054-05-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140A1Z75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1112006 | PA      | $1139136.62   | 0.02%             | 2053-10-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NGYH7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    303115 | PA      | $316531.77    | 0.01%             | 2053-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| NOVARTIS CAPITAL CORPORATION                                  | NOVARTIS CAPITAL CORP                              | CUSIP: 66989HBH0<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3983002.24   | 0.08%             | 2033-03-18      | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36210VNN7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3331 | PA      | $3387.37      | 0.00%             | 2029-04-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31292H5Q3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5463 | PA      | $5650.20      | 0.00%             | 2034-01-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| HTL COMMERCIAL MORTGAGE TRUST                                 | HTL COMMERCIAL MORTGAGE TRUST 2024 T53             | CUSIP: 404300AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2915000 | PA      | $2943143.74   | 0.06%             | 2039-05-10      | Variable      | 6.77%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EMM8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    184006 | PA      | $184902.40    | 0.00%             | 2037-03-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179RJH3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     17428 | PA      | $17695.33     | 0.00%             | 2045-07-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201RX71<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     19801 | PA      | $19620.69     | 0.00%             | 2035-04-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| FREEDOM MORTGAGE HOLDINGS LLC                                 | FREEDOM MORTGAGE HOLDINGS LLC                      | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    930000 | PA      | $914835.70    | 0.02%             | 2032-04-01      | Fixed         | 8.38%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620C6N27<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     17404 | PA      | $17127.86     | 0.00%             | 2041-04-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NSKU7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     65077 | PA      | $68523.56     | 0.00%             | 2053-10-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31371L2N8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       773 | PA      | $800.26       | 0.00%             | 2035-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C1MU1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    163561 | PA      | $164981.03    | 0.00%             | 2053-04-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| UNITED AIRLINES HOLDINGS, INC.                                | UNITED AIRLINES HOLDINGS INC                       | CUSIP: 910047AM1<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |   7145000 | PA      | $6988393.75   | 0.13%             | 2029-03-01      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31297RD61<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     28594 | PA      | $29186.66     | 0.00%             | 2035-06-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140QMLV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8483320 | PA      | $6994516.90   | 0.13%             | 2051-11-01      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| KENTUCKY UTILITIES COMPANY                                    | KENTUCKY UTILITIES CO                              | CUSIP: 491674BP1<br>LEI: AGX0G2MXE54NFNNICD28 | Long             | DBT              | CORP              | US        |   2805000 | PA      | $2788923.76   | 0.05%             | 2055-08-15      | Fixed         | 5.85%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201TFG7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     20556 | PA      | $20721.66     | 0.00%             | 2032-12-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| UNITED AIRLINES HOLDINGS, INC.                                | UNITED AIRLINES HOLDINGS INC                       | CUSIP: 910047AL3<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |   1730000 | PA      | $1694217.89   | 0.03%             | 2031-03-01      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36291QBM5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     77609 | PA      | $78493.52     | 0.00%             | 2034-11-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DXB2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     14810 | PA      | $14913.59     | 0.00%             | 2033-04-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133D0JU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    483472 | PA      | $512423.54    | 0.01%             | 2054-11-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EYK9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       447 | PA      | $455.81       | 0.00%             | 2038-12-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XNN59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2112397 | PA      | $2090575.69   | 0.04%             | 2044-01-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| AMERICAN HONDA FINANCE CORPORATION                            | AMERICAN HONDA FINANCE CORP                        | CUSIP: 02665WFL0<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  11020000 | PA      | $11047517.49  | 0.21%             | 2031-07-10      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| SANDERS RE III LTD                                            | SANDERS RE III LTD                                 | CUSIP: 80001UAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    400000 | PA      | $400800.00    | 0.01%             | 2033-04-07      | Floating      | 8.66%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179QGC9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1786547 | PA      | $1679573.84   | 0.03%             | 2044-06-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36212S5S1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6098 | PA      | $6262.46      | 0.00%             | 2031-04-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179WNK0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     57224 | PA      | $57444.78     | 0.00%             | 2051-09-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36290YUV8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     18664 | PA      | $18480.09     | 0.00%             | 2033-09-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426GV28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    882315 | PA      | $912193.60    | 0.02%             | 2055-04-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140A92R0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    135954 | PA      | $141613.32    | 0.00%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213R6S1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     10874 | PA      | $11133.59     | 0.00%             | 2032-04-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31406AHJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     19134 | PA      | $19224.10     | 0.00%             | 2034-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                       | HYUNDAI CAPITAL AMERICA                            | CUSIP: 44891ADM6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   8410000 | PA      | $8534645.87   | 0.16%             | 2030-01-08      | Fixed         | 5.30%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179VQX1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    304836 | PA      | $308854.60    | 0.01%             | 2050-07-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200KKJ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6784 | PA      | $6886.04      | 0.00%             | 2033-01-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31379HKG4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7848 | PA      | $7837.66      | 0.00%             | 2028-04-01      | Fixed         | 5.90%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DZW4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1403 | PA      | $1392.26      | 0.00%             | 2033-10-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38384JW83<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   7972464 | PA      | $779568.24    | 0.01%             | 2051-08-20      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133BWDH3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    442625 | PA      | $453645.19    | 0.01%             | 2053-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426DCN0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    338374 | PA      | $356544.00    | 0.01%             | 2055-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36291LDU6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     34267 | PA      | $34742.17     | 0.00%             | 2034-06-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| MERCEDES-BENZ FINANCE NORTH AMERICA LLC                       | MERCEDES BENZ FINANCE NORTH AMERICA LLC            | CUSIP: 58769JAR8<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   9820000 | PA      | $9899155.68   | 0.19%             | 2029-01-11      | Fixed         | 4.85%                 | Yes           | 2                  | On Loan: No      |
| United States of America                                      | U S TREASURY NOTE                                  | CUSIP: 91282CPJ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6682300 | PA      | $6518374.83   | 0.13%             | 2035-11-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DNP56<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2252063 | PA      | $2300788.55   | 0.04%             | 2049-07-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| META PLATFORMS, INC.                                          | META PLATFORMS INC                                 | CUSIP: 30303M8Y1<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   6960000 | PA      | $6464473.82   | 0.12%             | 2065-11-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WGC60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    352620 | PA      | $371774.89    | 0.01%             | 2054-06-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WFF51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    523808 | PA      | $543804.67    | 0.01%             | 2054-06-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST                           | GS MORTGAGE BACKED SECURITIES TRUST 2025 CES1      | CUSIP: 36271RAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5626268 | PA      | $5641241.21   | 0.11%             | 2055-05-25      | Variable      | 5.57%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179MLA6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      8678 | PA      | $8839.98      | 0.00%             | 2042-08-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| ITC HOLDINGS CORP.                                            | ITC HOLDINGS CORP                                  | CUSIP: 465685AT2<br>LEI: 549300HTO5U9D3SLE207 | Long             | DBT              | CORP              | US        |   5420000 | PA      | $5571755.99   | 0.11%             | 2034-05-09      | Fixed         | 5.65%                 | Yes           | 2                  | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST                           | EXETER AUTOMOBILE RECEIVABLES TRUST 2024 5         | CUSIP: 30165BAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6500000 | PA      | $6500985.40   | 0.12%             | 2031-02-18      | Fixed         | 5.06%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EZF9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     14160 | PA      | $14394.79     | 0.00%             | 2039-01-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202FBF2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4097 | PA      | $3867.16      | 0.00%             | 2039-07-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Eversource Energy                                             | EVERSOURCE ENERGY                                  | CUSIP: 30040WBD9<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1164018.13   | 0.02%             | 2056-08-15      | Fixed         | 6.35%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38383FLE1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   2496267 | PA      | $305689.14    | 0.01%             | 2051-12-20      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426FE94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    379407 | PA      | $394352.14    | 0.01%             | 2055-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W9XS5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     82284 | PA      | $87140.49     | 0.00%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C9A60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    384861 | PA      | $408157.27    | 0.01%             | 2053-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133BXCA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    314608 | PA      | $325629.66    | 0.01%             | 2053-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W8PB3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    238367 | PA      | $247889.68    | 0.00%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140QQK95<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6719560 | PA      | $6362228.27   | 0.12%             | 2052-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| SMALL BUSINESS ADMINISTRATION GTD                             | Small Business Administration Participation        | CUSIP: 83162CSU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     18302 | PA      | $18167.10     | 0.00%             | 2029-09-01      | Fixed         | 4.20%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DS5B4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3848524 | PA      | $3166629.36   | 0.06%             | 2052-05-01      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 01F030645<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  32600000 | PA      | $28628650.07  | 0.55%             | 2052-04-25      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213FAD5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      8277 | PA      | $8384.28      | 0.00%             | 2032-08-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Commonwealth Re Ltd.                                          | COMMONWEALTH RE LTD                                | CUSIP: 203235AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1020500.00   | 0.02%             | 2033-07-10      | Variable      | 7.34%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213CS27<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6006 | PA      | $6489.06      | 0.00%             | 2035-07-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Montoya Re Ltd.                                               | MONTOYA RE LTD                                     | CUSIP: 613752AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $497250.00    | 0.01%             | 2034-04-09      | Variable      | 7.07%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AJCC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    625120 | PA      | $647653.76    | 0.01%             | 2054-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36192S4A5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    394599 | PA      | $364616.18    | 0.01%             | 2046-03-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| MPLX LP                                                       | MPLX LP                                            | CUSIP: 55336VBX7<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   7820000 | PA      | $7900477.97   | 0.15%             | 2034-06-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| TRIANGLE RE LTD                                               | TRIANGLE RE 2023 1 LTD                             | CUSIP: 89589AAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2298264 | PA      | $2313444.91   | 0.04%             | 2033-11-25      | Floating      | 7.06%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179SGP6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1640 | PA      | $1667.39      | 0.00%             | 2046-07-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| CNO FINANCIAL GROUP, INC.                                     | CNO FINANCIAL GROUP INC                            | CUSIP: 12621EAL7<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | DBT              | CORP              | US        |   1680000 | PA      | $1683268.44   | 0.03%             | 2029-05-30      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179NQ76<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     50200 | PA      | $50970.97     | 0.00%             | 2043-10-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST                  | AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2023  | CUSIP: 02530CAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9190000 | PA      | $9657253.60   | 0.19%             | 2031-08-12      | Fixed         | 9.79%                 | Yes           | 2                  | On Loan: No      |
| Air Canada Pass Through Certificates, Series 2017-1           | AIR CANADA 2017 1 CLASS AA PASS THROUGH TRUST      | CUSIP: 00908PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   3912216 | PA      | $3741002.56   | 0.07%             | 2031-07-15      | Fixed         | 3.30%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140A1ZV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1389647 | PA      | $1444134.39   | 0.03%             | 2053-10-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| ALLY BANK AUTO CREDIT-LINKED NOTES                            | ALLY BANK AUTO CREDIT LINKED NOTES SERIES 2024 A   | CUSIP: 02007GZ89<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    496881 | PA      | $506913.54    | 0.01%             | 2032-05-17      | Fixed         | 7.92%                 | Yes           | 2                  | On Loan: No      |
| PORTSALON RE 2022                                             | PORTSALON RE 2022                                  | CUSIP: S00446790<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $356900.00    | 0.01%             | 2028-05-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426CEC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     99618 | PA      | $104640.89    | 0.00%             | 2055-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140X8K89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    651314 | PA      | $665008.99    | 0.01%             | 2049-05-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36182LCZ8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4408 | PA      | $4209.97      | 0.00%             | 2044-04-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WGA21<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    282086 | PA      | $292769.63    | 0.01%             | 2054-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AE6E4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    209484 | PA      | $217106.85    | 0.00%             | 2054-06-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| United States of America                                      | U S TREASURY NOTE                                  | CUSIP: 91282CKD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  36260000 | PA      | $36676423.62  | 0.70%             | 2029-02-28      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425VUZ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4413112 | PA      | $4488889.26   | 0.09%             | 2054-12-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CSN72<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    295269 | PA      | $311715.24    | 0.01%             | 2054-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31288E6E2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       990 | PA      | $1009.77      | 0.00%             | 2033-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CQ4L6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    412304 | PA      | $435372.14    | 0.01%             | 2054-08-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425URD9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    347086 | PA      | $360192.95    | 0.01%             | 2054-12-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| MERCHANTS FLEET FUNDING LLC                                   | MERCHANTS FLEET FUNDING LLC                        | CUSIP: 588926AH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7560000 | PA      | $7629272.28   | 0.15%             | 2037-04-20      | Fixed         | 6.18%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31416WYP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1712724 | PA      | $1655353.98   | 0.03%             | 2040-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426CG32<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1376533 | PA      | $1451011.80   | 0.03%             | 2055-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| PUGET ENERGY, INC.                                            | PUGET ENERGY INC                                   | CUSIP: 745310AK8<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |   6583000 | PA      | $6379642.24   | 0.12%             | 2030-06-15      | Fixed         | 4.10%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DSC34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    864777 | PA      | $835190.37    | 0.02%             | 2042-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3128KH6Q4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5757 | PA      | $5987.58      | 0.00%             | 2036-12-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XNPA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4615285 | PA      | $4785064.25   | 0.09%             | 2053-08-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31389AW90<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     12819 | PA      | $13429.76     | 0.00%             | 2031-12-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213EZ66<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       467 | PA      | $482.36       | 0.00%             | 2032-05-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| United States of America                                      | U S TREASURY NOTE                                  | CUSIP: 91282CLN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  44000000 | PA      | $43470625.00  | 0.84%             | 2029-09-30      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| LA HIPOTECARIA PANAMANIAN MORTGAGE TRUST                      | LA HIPOTECARIA PANAMANIAN MORTGAGE TRUST 2021 1    | CUSIP: 50347JAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6126544 | PA      | $5520555.47   | 0.11%             | 2052-07-13      | Variable      | 5.10%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213UH29<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1865 | PA      | $1898.36      | 0.00%             | 2031-06-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| ABBOTT LABORATORIES                                           | ABBOTT LABORATORIES                                | CUSIP: 002824BU3<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |   4470000 | PA      | $4371027.05   | 0.08%             | 2036-03-15      | Fixed         | 4.65%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140ADGV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.02         | 0.00%             | 2054-06-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| MONONGAHELA POWER COMPANY                                     | MONONGAHELA POWER CO                               | CUSIP: 609935AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4462451.08   | 0.09%             | 2034-02-15      | Fixed         | 5.85%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179UQ62<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    585042 | PA      | $577997.58    | 0.01%             | 2049-04-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| ALLY BANK AUTO CREDIT-LINKED NOTES                            | ALLY BANK AUTO CREDIT LINKED NOTES SERIES 2024 B   | CUSIP: 02007G4F7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2040937 | PA      | $2052080.16   | 0.04%             | 2032-09-15      | Fixed         | 6.68%                 | Yes           | 2                  | On Loan: No      |
| Sanders Re II Ltd                                             | SANDERS RE II LTD                                  | CUSIP: 80001TAB3<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $790650.00    | 0.02%             | 2030-04-08      | Variable      | 7.87%                 | Yes           | 2                  | On Loan: No      |
| DWIGHT ISSUER LLC                                             | DWIGHT 2025 FL1 ISSUER LLC                         | CUSIP: 233636AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12150000 | PA      | $12187486.40  | 0.23%             | 2042-09-18      | Floating      | 5.33%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140W0Q99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1362953 | PA      | $1381817.39   | 0.03%             | 2055-01-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140M7EX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    807815 | PA      | $854288.27    | 0.02%             | 2055-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| FREMF MORTGAGE TRUST                                          | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 30318WAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9000000 | PA      | $6011189.10   | 0.12%             | 2031-01-25      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WGBZ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    517779 | PA      | $528611.36    | 0.01%             | 2054-07-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Minerva Luxembourg S.A.                                       | MINERVA LUXEMBOURG SA                              | CUSIP: 603374AF6<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |   6708000 | PA      | $6073311.18   | 0.12%             | 2031-03-18      | Fixed         | 4.38%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140ADGU9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.01         | 0.00%             | 2054-05-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| FIGRE TRUST                                                   | FIGRE TRUST 2025 HE8                               | CUSIP: 30191WAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3981368 | PA      | $3956413.01   | 0.08%             | 2055-11-25      | Variable      | 5.21%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425VQ22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    183016 | PA      | $189329.39    | 0.00%             | 2054-12-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WGPU3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    440982 | PA      | $460013.80    | 0.01%             | 2054-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36184JAM2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    154901 | PA      | $142841.82    | 0.00%             | 2045-04-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426FUV7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    402726 | PA      | $410345.88    | 0.01%             | 2055-03-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| ARBOR REALTY COMMERCIAL REAL ESTATE NOTES LTD                 | ARBOR REALTY COLLATERALIZED LOAN OBLIGATION LTD    | CUSIP: 03881UAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2670000 | PA      | $2685495.35   | 0.05%             | 2041-01-18      | Floating      | 6.86%                 | Yes           | 2                  | On Loan: No      |
| Purple Re Ltd.                                                | PURPLE RE LTD                                      | CUSIP: 74639NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1250000 | PA      | $1257500.00   | 0.02%             | 2030-04-24      | Variable      | 16.51%                | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31417GY91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    219485 | PA      | $217489.69    | 0.00%             | 2028-06-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179UGE6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    104449 | PA      | $105379.36    | 0.00%             | 2048-11-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213UQT0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1240 | PA      | $1270.15      | 0.00%             | 2031-09-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Highwoods Realty Limited Partnership                          | HIGHWOODS REALTY LP                                | CUSIP: 431282AV4<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1103328.64   | 0.02%             | 2033-01-15      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213GTY7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4038 | PA      | $4112.68      | 0.00%             | 2031-11-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC                               | HERTZ VEHICLE FINANCING III LLC                    | CUSIP: 42806MCR8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3150000 | PA      | $3196980.68   | 0.06%             | 2029-01-25      | Fixed         | 6.70%                 | Yes           | 2                  | On Loan: No      |
| AMERICAN HONDA FINANCE CORPORATION                            | AMERICAN HONDA FINANCE CORP                        | CUSIP: 02665WGT2<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  13325000 | PA      | $12856223.30  | 0.25%             | 2036-01-08      | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36225ASV3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       943 | PA      | $947.59       | 0.00%             | 2027-03-15      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| THE PROCTER & GAMBLE COMPANY                                  | PROCTER GAMBLE CO THE                              | CUSIP: 742718GP8<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |  14265000 | PA      | $14034833.08  | 0.27%             | 2032-11-03      | Fixed         | 4.10%                 | No            | 2                  | On Loan: No      |
| Highwoods Realty Limited Partnership                          | HIGHWOODS REALTY LP                                | CUSIP: 431282AS1<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              | CORP              | US        |    406000 | PA      | $374241.89    | 0.01%             | 2030-02-15      | Fixed         | 3.05%                 | No            | 2                  | On Loan: No      |
| NOVARTIS CAPITAL CORPORATION                                  | NOVARTIS CAPITAL CORP                              | CUSIP: 66989HBL1<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |   2685000 | PA      | $2704155.25   | 0.05%             | 2056-03-18      | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133BW3L5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    430989 | PA      | $447825.74    | 0.01%             | 2053-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EFZ7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       379 | PA      | $374.50       | 0.00%             | 2035-11-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140FXKD3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    968513 | PA      | $937692.08    | 0.02%             | 2041-11-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CCEH5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     85246 | PA      | $87351.28     | 0.00%             | 2053-08-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CADU1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    479466 | PA      | $498078.98    | 0.01%             | 2053-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CRFW8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    770199 | PA      | $810395.44    | 0.02%             | 2054-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138YMN21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    160259 | PA      | $139353.49    | 0.00%             | 2045-04-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Sanders Re III Ltd.                                           | SANDERS RE III LTD                                 | CUSIP: 80000YAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1028400.00   | 0.02%             | 2030-04-08      | Variable      | 9.42%                 | Yes           | 2                  | On Loan: No      |
| HSBC HOLDINGS PLC                                             | HSBC HOLDINGS PLC                                  | CUSIP: 404280DU0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   5835000 | PA      | $6002667.44   | 0.12%             | 2029-03-09      | Fixed         | 6.16%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213USQ4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1138 | PA      | $1152.03      | 0.00%             | 2031-10-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| THOPAS RE 2025                                                | THOPAS RE 2025                                     | CUSIP: S00687660<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4000000 | PA      | $203090.45    | 0.00%             | 2030-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DSC42<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     27952 | PA      | $27663.14     | 0.00%             | 2047-03-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CQC86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    430457 | PA      | $459024.71    | 0.01%             | 2054-06-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NSAW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    274232 | PA      | $286173.43    | 0.01%             | 2053-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| NOVELIS CORPORATION                                           | NOVELIS CORP                                       | CUSIP: 670001AN6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   3106000 | PA      | $3046652.73   | 0.06%             | 2033-08-15      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| FOUR LAKES RE LTD                                             | FOUR LAKES RE LTD                                  | CUSIP: 35087TAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $496850.00    | 0.01%             | 2033-01-10      | Floating      | 6.80%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DBJ9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2155 | PA      | $2238.58      | 0.00%             | 2029-04-20      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202FSF4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     15339 | PA      | $15514.10     | 0.00%             | 2041-04-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| THE WILLIAMS COMPANIES, INC.                                  | WILLIAMS COMPANIES INC                             | CUSIP: 969457BB5<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   7360000 | PA      | $8226156.82   | 0.16%             | 2031-01-15      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| BOSTON GAS COMPANY                                            | BOSTON GAS CO                                      | CUSIP: 100743AK9<br>LEI: FN7P4E7K9JOBORDEUX61 | Long             | DBT              | CORP              | US        |   2810000 | PA      | $2764798.82   | 0.05%             | 2027-08-01      | Fixed         | 3.15%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36202C3M3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1282 | PA      | $1320.01      | 0.00%             | 2028-06-20      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| LA HIPOTECARIA PANAMANIAN MORTGAGE TRUST                      | LA HIPOTECARIA SA                                  | CUSIP: 50346EAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250062 | PA      | $1218810.73   | 0.02%             | 2042-11-24      | Variable      | 4.01%                 | Yes           | 2                  | On Loan: No      |
| Regal Rexnord Corporation                                     | REGAL REXNORD CORP                                 | CUSIP: 758750AN3<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   3755000 | PA      | $3934383.67   | 0.08%             | 2030-02-15      | Fixed         | 6.30%                 | No            | 2                  | On Loan: No      |
| PUGET ENERGY, INC.                                            | PUGET ENERGY INC                                   | CUSIP: 745310AM4<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |   6870000 | PA      | $6547832.86   | 0.13%             | 2028-06-15      | Fixed         | 2.38%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426CDM3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     86270 | PA      | $91231.43     | 0.00%             | 2055-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36183HVJ1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     90451 | PA      | $86143.95     | 0.00%             | 2044-11-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36241LPN0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1290 | PA      | $1241.28      | 0.00%             | 2040-10-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AKQZ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    173927 | PA      | $181062.56    | 0.00%             | 2054-09-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36241KZN1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4504 | PA      | $4480.80      | 0.00%             | 2039-02-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| BANK OF AMERICA                                               | BANK OF AMERICA                                    | CUSIP: N/A<br>LEI: 9DJT3UXIJIZJI4WXO774       | Long             | RA               | CORP              | US        |  54000000 | PA      | $54000000.00  | 1.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Banco Santander, S.A.                                         | BANCO SANTANDER SA                                 | CUSIP: 05971KAG4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   2800000 | PA      | $2508103.11   | 0.05%             | 2030-12-03      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36291R3A8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     84072 | PA      | $85060.43     | 0.00%             | 2035-04-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| South Bow Canadian Infrastructure Holdings Ltd.               | SOUTH BOW CANADIAN                                 | CUSIP: 836720AJ1<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |   2555000 | PA      | $2660225.12   | 0.05%             | 2055-03-01      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| VISTA POINT SECURITIZATION TRUST                              | VISTA POINT SECURITIZATION TRUST 2024 CES1         | CUSIP: 92839HAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5845844 | PA      | $5906697.33   | 0.11%             | 2054-05-25      | Fixed         | 6.68%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W7W84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     87403 | PA      | $90943.11     | 0.00%             | 2054-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31427AFC6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     82399 | PA      | $85181.08     | 0.00%             | 2055-09-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31383LNP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2151 | PA      | $2223.82      | 0.00%             | 2029-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133KN3N1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1244078 | PA      | $1238933.22   | 0.02%             | 2050-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DAP6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       165 | PA      | $171.76       | 0.00%             | 2029-02-20      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| COMERICA BANK                                                 | COMERICA BANK                                      | CUSIP: 200339EX3<br>LEI: 70WY0ID1N53Q4254VH70 | Long             | DBT              | CORP              | US        |  10660000 | PA      | $10678851.36  | 0.21%             | 2033-08-25      | Fixed         | 5.33%                 | No            | 2                  | On Loan: No      |
| TRICOLOR AUTO SECURITIZATION TRUST                            | TRICOLOR AUTO SECURITIZATION TRUST 2024 3          | CUSIP: 89617AAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1870000 | PA      | $710226.00    | 0.01%             | 2028-12-15      | Fixed         | 5.73%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36210AMT1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       640 | PA      | $649.77       | 0.00%             | 2028-08-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31296YJZ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     12767 | PA      | $13028.90     | 0.00%             | 2034-05-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| FREMF MORTGAGE TRUST                                          | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 35709DAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4106918 | PA      | $4095610.63   | 0.08%             | 2026-06-25      | Floating      | 6.08%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133BEPR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    130364 | PA      | $124250.58    | 0.00%             | 2052-06-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425VF65<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    147317 | PA      | $150675.17    | 0.00%             | 2054-11-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CQCG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    495744 | PA      | $519297.45    | 0.01%             | 2054-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DUT6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1748 | PA      | $1741.45      | 0.00%             | 2032-10-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| THOPAS RE 2026                                                | THOPAS RE 2026                                     | CUSIP: S00806610<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4650086 | PA      | $4745877.77   | 0.09%             | 2031-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Freddie Mac                                                   | FREDDIE MAC MULTIFAMILY STRUCTURED CREDIT RISK     | CUSIP: 35563GAB5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6790000 | PA      | $7022006.83   | 0.13%             | 2051-11-25      | Floating      | 7.66%                 | Yes           | 2                  | On Loan: No      |
| ANGLOGOLD ASHANTI HOLDINGS PLC                                | ANGLOGOLD ASHANTI HOLDINGS PLC                     | CUSIP: 03512TAE1<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | IM        |   4092000 | PA      | $3955798.43   | 0.08%             | 2030-10-01      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| CRH SMW Finance Designated Activity Company                   | CRH SMW FINANCE DAC                                | CUSIP: 12704PAB4<br>LEI: 54930044475SH442C864 | Long             | DBT              | CORP              | IE        |   6270000 | PA      | $6378160.20   | 0.12%             | 2030-01-09      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| CASCADE FUNDING MORTGAGE TRUST                                | CFMT 2024 HB13 LLC                                 | CUSIP: 12530VAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2708641 | PA      | $2680279.37   | 0.05%             | 2034-05-25      | Variable      | 3.00%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B66M2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    404940 | PA      | $422138.53    | 0.01%             | 2055-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                                    | JP MORGAN MORTGAGE TRUST 2021 10                   | CUSIP: 46654ABS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  95603296 | PA      | $580742.22    | 0.01%             | 2051-12-25      | Variable      | 0.11%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AVSF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    388319 | PA      | $407897.96    | 0.01%             | 2054-12-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CTN70<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    376109 | PA      | $397337.01    | 0.01%             | 2054-09-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| PENSKE TRUCK LEASING CO., L.P.                                | PENSKE TRUCK LEASING CO LP                         | CUSIP: 709599BT0<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |   8305000 | PA      | $8442799.80   | 0.16%             | 2028-05-01      | Fixed         | 5.55%                 | Yes           | 2                  | On Loan: No      |
| FARMERS INSURANCE EXCHANGE                                    | FARMERS INSURANCE EXCHANGE                         | CUSIP: 309601AE2<br>LEI: 549300UWG2TLX1GZVT44 | Long             | DBT              | CORP              | US        |   8910000 | PA      | $7485724.92   | 0.14%             | 2057-11-01      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 3142JYQU9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    100000 | PA      | $102447.88    | 0.00%             | 2056-04-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Vitality RE XIV Limited                                       | VITALITY RE XIV LTD                                | CUSIP: 92851QAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   6000000 | PA      | $6065400.00   | 0.12%             | 2028-01-05      | Variable      | 7.40%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36202DQP9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1887 | PA      | $1943.15      | 0.00%             | 2031-11-20      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CXSU5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    348564 | PA      | $354372.70    | 0.01%             | 2054-10-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 21H040640<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   2000000 | PA      | $1873152.40   | 0.04%             | 2056-04-20      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36225BUJ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       783 | PA      | $805.49       | 0.00%             | 2032-08-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE TRUST                       | SALUDA GRADE ALTERNATIVE MORTGAGE TRUST 2022 SEQ2  | CUSIP: 79581RAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4125000 | PA      | $4027164.49   | 0.08%             | 2052-02-25      | Variable      | 4.50%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36230M3Y1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     10978 | PA      | $10504.98     | 0.00%             | 2040-11-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36177JNB1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      9610 | PA      | $9205.31      | 0.00%             | 2042-02-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Sanders Re II Ltd                                             | SANDERS RE II LTD                                  | CUSIP: 80001RAB7<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $3045900.00   | 0.06%             | 2032-04-07      | Variable      | 9.01%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138YPCB6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     90518 | PA      | $78381.40     | 0.00%             | 2045-04-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EB81<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     50523 | PA      | $50257.96     | 0.00%             | 2035-01-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202D5Q0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      5672 | PA      | $5715.37      | 0.00%             | 2034-05-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NRJW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    670331 | PA      | $697930.85    | 0.01%             | 2053-09-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200FVR6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     26073 | PA      | $26661.26     | 0.00%             | 2033-02-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W8GH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     84057 | PA      | $87539.33     | 0.00%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| VFI ABS LLC                                                   | VFI ABS 2023 1 LLC                                 | CUSIP: 92555QAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3145000 | PA      | $3170289.57   | 0.06%             | 2029-12-24      | Fixed         | 9.26%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B4ER7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    400106 | PA      | $415891.99    | 0.01%             | 2055-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140ACJU8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    181017 | PA      | $190485.26    | 0.00%             | 2054-05-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31410GPR8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24010 | PA      | $25454.74     | 0.00%             | 2037-11-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Residential Reinsurance 2024 Limited                          | RESIDENTIAL REINSURANCE 2004 LTD                   | CUSIP: 76112AAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1250000 | PA      | $1268250.00   | 0.02%             | 2028-12-06      | Variable      | 10.61%                | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NDYR2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1401052 | PA      | $1420694.36   | 0.03%             | 2053-04-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Mayflower Re Ltd.                                             | MAYFLOWER RE LTD                                   | CUSIP: 57839MAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1025800.00   | 0.02%             | 2031-07-08      | Variable      | 8.40%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426D6V9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    296454 | PA      | $313157.07    | 0.01%             | 2055-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36207KLU2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       381 | PA      | $392.63       | 0.00%             | 2029-03-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31402QS51<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2364 | PA      | $2438.68      | 0.00%             | 2034-11-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| CITADEL SECURITIES GLOBAL HOLDINGS LLC                        | CITADEL SECURITIES GLOBAL HOLDINGS LLC             | CUSIP: 17289RAB2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |   3254000 | PA      | $3329075.02   | 0.06%             | 2035-06-18      | Fixed         | 6.20%                 | Yes           | 2                  | On Loan: No      |
| CLEVELAND-CLIFFS INC.                                         | CLEVELAND CLIFFS INC                               | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   5795000 | PA      | $5661527.47   | 0.11%             | 2034-01-15      | Fixed         | 7.62%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31402DGM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21850 | PA      | $22580.55     | 0.00%             | 2034-08-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C8CR4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    155149 | PA      | $159121.52    | 0.00%             | 2053-07-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36292DDD1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     24990 | PA      | $25147.81     | 0.00%             | 2035-10-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| SANTANDER BANK, N.A.                                          | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80290CCM4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2259592 | PA      | $2295350.84   | 0.04%             | 2032-06-15      | Fixed         | 7.76%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201GTL9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3757 | PA      | $3863.20      | 0.00%             | 2032-02-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| HONEYWELL AEROSPACE INC.                                      | HONEYWELL AEROSPACE INC                            | CUSIP: 43849RAG0<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |   5065000 | PA      | $5025508.20   | 0.10%             | 2036-03-16      | Fixed         | 4.95%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133B9W67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    249052 | PA      | $229571.23    | 0.00%             | 2052-04-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XGFN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  15841752 | PA      | $14216823.77  | 0.27%             | 2052-03-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XHXV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1906420 | PA      | $1954657.25   | 0.04%             | 2050-04-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 01F020646<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12200000 | PA      | $9823859.31   | 0.19%             | 2056-04-25      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202XEG8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3456 | PA      | $3490.60      | 0.00%             | 2033-08-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| MELLO MORTGAGE CAPITAL ACCEPTANCE                             | MELLO MORTGAGE CAPITAL ACCEPTANCE 2021 INV2        | CUSIP: 58549XBM4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8546237 | PA      | $7050765.47   | 0.14%             | 2051-08-25      | Fixed         | 2.50%                 | Yes           | 2                  | On Loan: No      |
| FOUNDATION FINANCE TRUST                                      | FOUNDATION FINANCE TRUST 2021 1                    | CUSIP: 35041LAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1059227 | PA      | $1010457.25   | 0.02%             | 2041-05-15      | Fixed         | 1.27%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132QQY63<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     75811 | PA      | $71599.28     | 0.00%             | 2045-07-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36290XZF0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     16928 | PA      | $17000.02     | 0.00%             | 2033-09-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36209CH41<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2733 | PA      | $2828.53      | 0.00%             | 2029-01-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| United States of America                                      | U S TREASURY NOTE                                  | CUSIP: 91282CJX0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  76000000 | PA      | $76154375.00  | 1.46%             | 2031-01-31      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| HOME RE LIMITED                                               | HOME RE LTD                                        | CUSIP: 43731BAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1060521 | PA      | $1083976.55   | 0.02%             | 2033-10-25      | Floating      | 8.26%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202FXC5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    245318 | PA      | $243134.56    | 0.00%             | 2041-09-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| VELOCITY COMMERCIAL CAPITAL LOAN TRUST                        | VELOCITY COMMERCIAL CAPITAL LOAN TRUST 2024 6      | CUSIP: 92261BAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4734547 | PA      | $4741170.39   | 0.09%             | 2054-12-25      | Variable      | 5.81%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31427BFP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    269754 | PA      | $282571.13    | 0.01%             | 2055-09-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| HSBC HOLDINGS PLC                                             | HSBC HOLDINGS PLC                                  | CUSIP: 404280FJ3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2815000 | PA      | $2787087.30   | 0.05%             | 2199-12-31      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Estados Unidos Mexicanos                                      | UNITED MEXICAN STATES                              | CUSIP: 91087BBQ2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   4405000 | PA      | $4308090.00   | 0.08%             | 2034-02-09      | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                         | SUMITOMO MITSUI FINANCIAL GROUP INC                | CUSIP: 86562MED8<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   7015000 | PA      | $6908409.88   | 0.13%             | 2032-01-15      | Fixed         | 4.49%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31292HQ49<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1884 | PA      | $1957.04      | 0.00%             | 2032-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201P4W2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1807 | PA      | $1821.12      | 0.00%             | 2032-11-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST                           | EXETER AUTOMOBILE RECEIVABLES TRUST                | CUSIP: 30166XAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15080000 | PA      | $15181814.13  | 0.29%             | 2031-10-15      | Fixed         | 5.57%                 | No            | 2                  | On Loan: No      |
| LSEG US FIN CORP.                                             | LSEG US FIN CORP                                   | CUSIP: 50222CAF7<br>LEI: 2138007FV67QQ13CGJ43 | Long             | DBT              | CORP              | US        |   2255000 | PA      | $2232855.34   | 0.04%             | 2036-03-23      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| BX TRUST                                                      | BX TRUST                                           | CUSIP: 05606FAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17400000 | PA      | $16427905.50  | 0.32%             | 2041-12-09      | Fixed         | 3.20%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133D4P98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    256570 | PA      | $225175.63    | 0.00%             | 2042-02-01      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| KENNAMETAL INC.                                               | KENNAMETAL INC                                     | CUSIP: 489170AF7<br>LEI: 549300GZDSG25XUV0Y08 | Long             | DBT              | CORP              | US        |   4125000 | PA      | $3726803.40   | 0.07%             | 2031-03-01      | Fixed         | 2.80%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201VGB2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     20026 | PA      | $20680.77     | 0.00%             | 2032-09-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NRGC4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    395193 | PA      | $411177.26    | 0.01%             | 2053-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W8SJ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    160237 | PA      | $168107.68    | 0.00%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36241KPH5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       505 | PA      | $507.74       | 0.00%             | 2035-02-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| BANQUE FEDERATIVE DU CREDIT MUTUEL SA                         | BANQUE FEDERATIVE DU CREDIT MUTUEL SA              | CUSIP: 06675DCU4<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |   4960000 | PA      | $4891389.51   | 0.09%             | 2031-01-15      | Fixed         | 4.54%                 | Yes           | 2                  | On Loan: No      |
| United States of America                                      | U S TREASURY BOND                                  | CUSIP: 912810UP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3439900 | PA      | $3286716.95   | 0.06%             | 2055-11-15      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XPVQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4519143 | PA      | $3720685.53   | 0.07%             | 2052-03-01      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CD3U6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1603152 | PA      | $1642265.43   | 0.03%             | 2053-10-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31391HZF4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14469 | PA      | $14749.08     | 0.00%             | 2033-04-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38382BHB2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  10486397 | PA      | $1695445.96   | 0.03%             | 2049-12-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                  | BX COMMERCIAL MORTGAGE TRUST 2021 VIV5             | CUSIP: 05605VAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7615000 | PA      | $7031681.10   | 0.14%             | 2044-03-09      | Fixed         | 2.84%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AD5P2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    295914 | PA      | $314244.10    | 0.01%             | 2054-08-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| SCF EQUIPMENT LEASING LLC                                     | SCF EQUIPMENT LEASING 2025 2 LLC                   | CUSIP: 78439XAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3810000 | PA      | $3772203.28   | 0.07%             | 2036-06-20      | Fixed         | 5.33%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION G1        | CUSIP: 36225A7H7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1326 | PA      | $1350.47      | 0.00%             | 2028-11-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31292HGC2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       551 | PA      | $579.22       | 0.00%             | 2030-11-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Truist Financial Corporation                                  | TRUIST FINANCIAL CORP                              | CUSIP: 89788MAW2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   4430000 | PA      | $4382791.31   | 0.08%             | 2032-01-27      | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| Ursa Re II Ltd.                                               | URSA RE II LTD                                     | CUSIP: 91734PAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    650000 | PA      | $644475.00    | 0.01%             | 2029-12-07      | Variable      | 7.16%                 | Yes           | 2                  | On Loan: No      |
| NMEF FUNDING LLC                                              | NMEF FUNDING 2024 A LLC                            | CUSIP: 62919UAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7760000 | PA      | $7928007.10   | 0.15%             | 2031-12-15      | Fixed         | 6.33%                 | Yes           | 2                  | On Loan: No      |
| BANTRY RE 2025 2                                              | BANTRY RE 2025 2                                   | CUSIP: S00737494<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4500000 | PA      | $5150250.00   | 0.10%             | 2031-06-30      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36176EBG5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    153105 | PA      | $150470.80    | 0.00%             | 2041-05-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| PUBLIC SERVICE COMPANY OF COLORADO                            | PUBLIC SERVICE CO OF COLORADO                      | CUSIP: 744448DC2<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |  11895000 | PA      | $11855842.37  | 0.23%             | 2035-09-15      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CRTD5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1540645 | PA      | $1603856.18   | 0.03%             | 2054-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| FIRST QUANTUM MINERALS LTD.                                   | FIRST QUANTUM MINERALS LTD                         | CUSIP: 335934AY1<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   1705000 | PA      | $1640238.64   | 0.03%             | 2036-02-15      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| SMALL BUSINESS ADMINISTRATION GTD                             | Small Business Administration Participation        | CUSIP: 83162CRY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     19330 | PA      | $19547.16     | 0.00%             | 2028-08-01      | Fixed         | 6.02%                 | No            | 2                  | On Loan: No      |
| ALTA WIND HOLDINGS, LLC                                       | ALTA WIND HOLDINGS LLC                             | CUSIP: 021345AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    243238 | PA      | $230741.16    | 0.00%             | 2035-06-30      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| ATLAS CAPITAL DESIGNATED ACTIVITY COMPANY                     | ATLAS CAPITAL DAC                                  | CUSIP: 049207AB9<br>LEI: 635400CBPJFGGWD2AH20 | Long             | DBT              | CORP              | IE        |    750000 | PA      | $813450.00    | 0.02%             | 2030-06-10      | Floating      | 3.55%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W8M67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    193940 | PA      | $203991.43    | 0.00%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| J.G. WENTWORTH RECEIVABLES LLC                                | JG WENTWORTH XXII LLC                              | CUSIP: 46616MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     33973 | PA      | $33822.66     | 0.00%             | 2048-12-15      | Fixed         | 3.82%                 | Yes           | 2                  | On Loan: No      |
| THE BANK OF NOVA SCOTIA                                       | BANK OF NOVA SCOTIA THE                            | CUSIP: 06418GAZ0<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   6205000 | PA      | $6116894.21   | 0.12%             | 2034-02-02      | Fixed         | 4.81%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426CMA9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     98458 | PA      | $105016.90    | 0.00%             | 2055-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NL6S3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    466407 | PA      | $487623.42    | 0.01%             | 2053-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Residential Reinsurance 2022 Limited                          | RESIDENTIAL REINSURANCE 2022 LTD                   | CUSIP: 76119YAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1750000 | PA      | $1781325.00   | 0.03%             | 2029-12-06      | Variable      | 11.01%                | Yes           | 2                  | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                         | SUMITOMO MITSUI FINANCIAL GROUP INC                | CUSIP: 86562MEK2<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   7075000 | PA      | $6860388.58   | 0.13%             | 2041-03-03      | Fixed         | 5.33%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W7SQ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     97870 | PA      | $100234.67    | 0.00%             | 2054-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140J9KV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3245333 | PA      | $3211800.28   | 0.06%             | 2043-09-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| BANTRY RE LTD                                                 | BANTRY RE LTD                                      | CUSIP: S00798851<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5552044 | PA      | $5879752.84   | 0.11%             | 2031-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 21H050649<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  23000000 | PA      | $22776953.82  | 0.44%             | 2056-04-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| OMNICOM GROUP INC.                                            | OMNICOM GROUP INC                                  | CUSIP: 681919BW5<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | DBT              | CORP              | US        |  10125000 | PA      | $9889399.45   | 0.19%             | 2033-06-02      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| NORTHERN TRUST CORPORATION                                    | NORTHERN TRUST CORP                                | CUSIP: 665859AZ7<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |   3330000 | PA      | $3242128.06   | 0.06%             | 2040-11-19      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| NATWEST GROUP PLC                                             | NATWEST GROUP PLC                                  | CUSIP: 639057AP3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   6575000 | PA      | $6823717.46   | 0.13%             | 2034-06-01      | Fixed         | 6.47%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201F4Z7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     13295 | PA      | $13694.60     | 0.00%             | 2032-09-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| DOLLAR TREE, INC.                                             | DOLLAR TREE INC                                    | CUSIP: 256746AJ7<br>LEI: 549300PMSTQITB1WHR43 | Long             | DBT              | CORP              | US        |  11070000 | PA      | $9847052.16   | 0.19%             | 2031-12-01      | Fixed         | 2.65%                 | No            | 2                  | On Loan: No      |
| Allianz SE                                                    | ALLIANZ SE                                         | CUSIP: 018820AD2<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |   4000000 | PA      | $3967523.20   | 0.08%             | 2054-09-03      | Fixed         | 5.60%                 | Yes           | 2                  | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                 | VISTRA OPERATIONS CO LLC                           | CUSIP: 92840VAV4<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   3660000 | PA      | $3587494.30   | 0.07%             | 2030-10-15      | Fixed         | 4.60%                 | Yes           | 2                  | On Loan: No      |
| AMERICOLD REALTY OPERATING PARTNERSHIP, L.P.                  | AMERICOLD REALTY OPERATING PARTNERSHIP LP          | CUSIP: 03063UAB7<br>LEI: 549300FKD9KVWNHSUU79 | Long             | DBT              | CORP              | US        |   2140000 | PA      | $2116941.41   | 0.04%             | 2032-05-15      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| HANWHA LIFE INSURANCE CO., LTD.                               | HANWHA LIFE INSURANCE CO LTD                       | CUSIP: 41135UAC9<br>LEI: 988400ZKCI3R9DQHR320 | Long             | DBT              | CORP              | KR        |   3299000 | PA      | $3372897.60   | 0.06%             | 2055-06-24      | Fixed         | 6.30%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426GKA2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     98365 | PA      | $103499.08    | 0.00%             | 2055-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140N0D28<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1753113 | PA      | $1767935.82   | 0.03%             | 2053-02-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200MXB4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6802 | PA      | $6817.64      | 0.00%             | 2033-10-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AW2T5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    295020 | PA      | $292273.44    | 0.01%             | 2054-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| ORANGE SA                                                     | ORANGE SA                                          | CUSIP: 685218AF6<br>LEI: 969500MCOONR8990S771 | Long             | DBT              | CORP              | FR        |   4540000 | PA      | $4459313.53   | 0.09%             | 2036-01-13      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WGCE3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    195786 | PA      | $206870.47    | 0.00%             | 2054-06-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| SOCIETE GENERALE SA                                           | SOCIETE GENERALE SA                                | CUSIP: 83368RCF7<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |  12465000 | PA      | $12950187.41  | 0.25%             | 2033-04-13      | Fixed         | 6.10%                 | Yes           | 2                  | On Loan: No      |
| ACORN RE LTD.                                                 | ACORN RE LTD                                       | CUSIP: 00485YAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $505550.00    | 0.01%             | 2028-05-05      | Variable      | 6.82%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AUEW9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    593395 | PA      | $609955.68    | 0.01%             | 2054-11-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| BNP PARIBAS SA                                                | BNP PARIBAS SA                                     | CUSIP: 05602XQR2<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   4935000 | PA      | $4768644.60   | 0.09%             | 2199-12-31      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140LUHN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    147118 | PA      | $139422.13    | 0.00%             | 2051-08-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425UPM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    982864 | PA      | $1000943.29   | 0.02%             | 2054-12-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138X3EE8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     79115 | PA      | $69673.16     | 0.00%             | 2043-08-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| COMM MORTGAGE TRUST                                           | COMM 2024 WCL1 MORTGAGE TRUST                      | CUSIP: 20047DAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11065000 | PA      | $11026936.40  | 0.21%             | 2041-06-15      | Floating      | 5.51%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 21H020642<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  20000000 | PA      | $16517187.40  | 0.32%             | 2056-04-20      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DXS5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7483 | PA      | $7534.75      | 0.00%             | 2033-05-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| BNP PARIBAS SA                                                | BNP PARIBAS SA                                     | CUSIP: 05602XQQ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  12555000 | PA      | $12602511.64  | 0.24%             | 2199-12-31      | Fixed         | 7.45%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CQGG4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    425538 | PA      | $447440.08    | 0.01%             | 2054-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORPORATION                                   | BANK OF AMERICA CORP                               | CUSIP: 06051GKD0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  11055000 | PA      | $9835843.55   | 0.19%             | 2032-10-20      | Fixed         | 2.57%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CSML2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  17803823 | PA      | $18179024.99  | 0.35%             | 2054-08-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XM4Y9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2778241 | PA      | $2398435.69   | 0.05%             | 2052-04-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| HPEFS EQUIPMENT TRUST                                         | HPEFS EQUIPMENT TRUST                              | CUSIP: 40444MAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2800000 | PA      | $2835920.92   | 0.05%             | 2032-04-20      | Fixed         | 5.82%                 | Yes           | 2                  | On Loan: No      |
| BPCE SA                                                       | BPCE SA                                            | CUSIP: 05571AAY1<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   3220000 | PA      | $3293536.59   | 0.06%             | 2035-05-30      | Fixed         | 5.94%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3128KCHU4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     18335 | PA      | $18910.07     | 0.00%             | 2036-07-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WGC45<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    695827 | PA      | $725207.96    | 0.01%             | 2054-06-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31417FMM7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    793877 | PA      | $704713.55    | 0.01%             | 2043-02-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426CPC2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    184044 | PA      | $189002.95    | 0.00%             | 2055-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202ELU1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     18037 | PA      | $18292.96     | 0.00%             | 2037-01-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31283HVL6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6320 | PA      | $6487.32      | 0.00%             | 2033-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140KLYE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    405522 | PA      | $349883.93    | 0.01%             | 2050-09-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138YHU32<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     17686 | PA      | $15488.16     | 0.00%             | 2045-05-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38384AEX7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   8068398 | PA      | $1632758.94   | 0.03%             | 2050-06-20      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W9ZT1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     84277 | PA      | $88761.56     | 0.00%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| SKYWORKS SOLUTIONS, INC.                                      | SKYWORKS SOLUTIONS INC                             | CUSIP: 83088MAL6<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | DBT              | CORP              | US        |   8577000 | PA      | $7648204.39   | 0.15%             | 2031-06-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202SVV7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      9170 | PA      | $9164.54      | 0.00%             | 2033-07-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620AVUV2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1254 | PA      | $1204.46      | 0.00%             | 2040-09-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133ASLK7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    173843 | PA      | $164559.20    | 0.00%             | 2051-09-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202ECN7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4472 | PA      | $4508.59      | 0.00%             | 2035-02-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W8MX8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     80704 | PA      | $85080.29     | 0.00%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| QNITY ELECTRONICS, INC.                                       | QNITY ELECTRONICS INC                              | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |   2760000 | PA      | $2790738.12   | 0.05%             | 2033-08-15      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| VERISK ANALYTICS, INC.                                        | VERISK ANALYTICS INC                               | CUSIP: 92345YAP1<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |   1705000 | PA      | $1676642.93   | 0.03%             | 2031-03-15      | Fixed         | 4.45%                 | No            | 2                  | On Loan: No      |
| Eversource Energy                                             | EVERSOURCE ENERGY                                  | CUSIP: 30040WBC1<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   2220000 | PA      | $2192557.31   | 0.04%             | 2056-08-15      | Fixed         | 6.10%                 | No            | 2                  | On Loan: No      |
| GE HEALTHCARE TECHNOLOGIES INC.                               | GE HEALTHCARE TECHNOLOGIES INC                     | CUSIP: 36266GAC1<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   4080000 | PA      | $4163398.46   | 0.08%             | 2035-06-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| CITRUS RE LTD                                                 | CITRUS RE LTD                                      | CUSIP: 177510AS3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $499500.00    | 0.01%             | 2033-06-07      | Floating      | 8.91%                 | Yes           | 2                  | On Loan: No      |
| Four Lakes Re Ltd.                                            | FOUR LAKES RE LTD                                  | CUSIP: 35087TAG3<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $765900.00    | 0.01%             | 2032-01-07      | Variable      | 8.63%                 | Yes           | 2                  | On Loan: No      |
| CASCADE FUNDING MORTGAGE TRUST                                | CFMT 2022 HB9 LLC                                  | CUSIP: 12530GAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3745000 | PA      | $3587011.56   | 0.07%             | 2037-09-25      | Fixed         | 3.25%                 | Yes           | 2                  | On Loan: No      |
| CITADEL SECURITIES GLOBAL HOLDINGS LLC                        | CITADEL SECURITIES GLOBAL HOLDINGS LLC             | CUSIP: 17289RAA4<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |  13690000 | PA      | $13908024.48  | 0.27%             | 2030-06-18      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202FHY5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     24753 | PA      | $25223.75     | 0.00%             | 2040-07-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 01F022642<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | ABS-MBS          | USGSE             | US        | -25200000 | PA      | $-21183750.00 | -0.41%            | 2056-04-25      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| BANQUE OUEST AFRICAINE DE DEVELOPPEMENT                       | BANQUE OUEST AFRICAINE DE DEVELOPPEMENT            | CUSIP: 06675QAB9<br>LEI: 529900LIZJABE4JJS826 | Long             | DBT              |  | TG        |   2030000 | PA      | $2017563.00   | 0.04%             | 2027-07-27      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XLDC9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2091710 | PA      | $2157279.03   | 0.04%             | 2053-05-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3617GSGY9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    739257 | PA      | $696628.38    | 0.01%             | 2048-04-20      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36209PNZ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       354 | PA      | $367.32       | 0.00%             | 2028-10-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 3137FVJQ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1457302 | PA      | $190247.70    | 0.00%             | 2050-08-25      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NHD62<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    564484 | PA      | $568671.48    | 0.01%             | 2053-04-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132E0LS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4058911 | PA      | $3474115.26   | 0.07%             | 2052-05-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179W5B0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  12058883 | PA      | $10381401.52  | 0.20%             | 2052-05-20      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426KKQ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    373065 | PA      | $386553.21    | 0.01%             | 2055-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B0S74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    842752 | PA      | $896800.29    | 0.02%             | 2055-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W7XQ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    260346 | PA      | $273026.59    | 0.01%             | 2054-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| ACCELERATED LLC                                               | ACCELERATED 2021 1H LLC                            | CUSIP: 00439KAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    738965 | PA      | $693442.12    | 0.01%             | 2040-10-20      | Fixed         | 2.35%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31402Q2A8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1695 | PA      | $1751.09      | 0.00%             | 2035-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Merna Re II Ltd.                                              | MERNA REINSURANCE II LTD                           | CUSIP: 59013MAM4<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $2066600.00   | 0.04%             | 2032-07-07      | Variable      | 12.35%                | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36194REE6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    363490 | PA      | $340337.58    | 0.01%             | 2046-08-15      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| AVOLON HOLDINGS FUNDING LIMITED                               | AVOLON HOLDINGS FUNDING LTD                        | CUSIP: 05401ABD2<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1665000 | PA      | $1631526.06   | 0.03%             | 2031-01-30      | Fixed         | 4.70%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36290R6G3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4034 | PA      | $4071.02      | 0.00%             | 2033-10-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NM6C6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    965974 | PA      | $989829.42    | 0.02%             | 2053-07-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179XDC7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    626373 | PA      | $578760.02    | 0.01%             | 2052-08-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| FIDELITY NATIONAL INFORMATION SERVICES, INC.                  | FIDELITY NATIONAL INFORMATION SERVICES INC         | CUSIP: 31620MCE4<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |   2520000 | PA      | $2500221.12   | 0.05%             | 2031-03-10      | Fixed         | 4.80%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38378YHH5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     85852 | PA      | $85298.21     | 0.00%             | 2027-04-16      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31412TMK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     48946 | PA      | $51207.61     | 0.00%             | 2038-06-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| HOME PARTNERS OF AMERICA TRUST                                | HOME PARTNERS OF AMERICA 2019 2 TRUST              | CUSIP: 43732TAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4218409 | PA      | $4094957.64   | 0.08%             | 2039-10-19      | Fixed         | 3.32%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140QR3C5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2510127 | PA      | $2617638.59   | 0.05%             | 2053-05-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AAY35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     77729 | PA      | $80707.74     | 0.00%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| LIBRA SOLUTIONS LLC                                           | LIBRA SOLUTIONS 2024 1 LLC                         | CUSIP: 53161XAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6470000 | PA      | $6452829.27   | 0.12%             | 2038-09-30      | Fixed         | 5.88%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132HPR22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1851546 | PA      | $1698600.79   | 0.03%             | 2042-11-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Veraison Re Ltd.                                              | VERAISON RE LTD                                    | CUSIP: 92335TAG4<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $499600.00    | 0.01%             | 2029-03-08      | Variable      | 4.04%                 | Yes           | 2                  | On Loan: No      |
| EDEN RE II LTD                                                | EDEN RE II LTD                                     | CUSIP: 27955GAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     36000 | PA      | $145602.36    | 0.00%             | 2027-03-19      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| CELANESE US HOLDINGS LLC                                      | CELANESE US HOLDINGS LLC                           | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   8115000 | PA      | $8656562.64   | 0.17%             | 2033-11-15      | Variable      | 7.20%                 | No            | 2                  | On Loan: No      |
| Kilimanjaro II Re Limited                                     | KILIMANJARO II RE LTD                              | CUSIP: 49407QAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    750000 | PA      | $767700.00    | 0.01%             | 2032-07-09      | Variable      | 5.24%                 | Yes           | 2                  | On Loan: No      |
| ELEVANCE HEALTH, INC.                                         | ELEVANCE HEALTH INC                                | CUSIP: 036752AY9<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   3240000 | PA      | $3300579.64   | 0.06%             | 2029-06-15      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202X4K0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6697 | PA      | $6732.23      | 0.00%             | 2033-07-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3618N5PG8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  10852467 | PA      | $10493783.89  | 0.20%             | 2055-06-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132WMM50<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    288813 | PA      | $276870.36    | 0.01%             | 2047-04-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31371K2H3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11854 | PA      | $12207.71     | 0.00%             | 2033-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3136BHF87<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4317518 | PA      | $821785.96    | 0.02%             | 2051-07-25      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| HSBC HOLDINGS PLC                                             | HSBC HOLDINGS PLC                                  | CUSIP: 404280EN5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   7400000 | PA      | $7534315.40   | 0.14%             | 2030-11-19      | Fixed         | 5.29%                 | No            | 2                  | On Loan: No      |
| DELL EQUIPMENT FINANCE TRUST                                  | DELL EQUIPMENT FINANCE TRUST                       | CUSIP: 24704EAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2125000 | PA      | $2136337.30   | 0.04%             | 2031-02-24      | Fixed         | 5.29%                 | Yes           | 2                  | On Loan: No      |
| Chartwell Re Ltd.                                             | CHARTWELL RE LTD                                   | CUSIP: 16140YAB8<br>LEI: 984500FFT645KFFE6F50 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $514650.00    | 0.01%             | 2028-06-07      | Variable      | 10.13%                | Yes           | 2                  | On Loan: No      |
| EASTERN POWER, LLC                                            | EASTERN POWER LLC                                  | CUSIP: 87264NAB3<br>LEI: 5493000R3E1L1VM1V279 | Long             | LON              | CORP              | US        |    289117 | PA      | $290381.98    | 0.01%             | 2028-04-03      | Floating      | 8.42%                 | No            | 2                  | On Loan: No      |
| QNITY ELECTRONICS, INC.                                       | QNITY ELECTRONICS INC                              | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |   2720000 | PA      | $2723239.52   | 0.05%             | 2032-08-15      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CQD77<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    384351 | PA      | $405865.50    | 0.01%             | 2054-07-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620ABQR0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    197459 | PA      | $195521.52    | 0.00%             | 2039-12-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Nationwide Building Society                                   | NATIONWIDE BUILDING SOCIETY                        | CUSIP: 63861VAK3<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |  11395000 | PA      | $11577510.52  | 0.22%             | 2029-07-29      | Fixed         | 5.13%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31402DDB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     95458 | PA      | $97200.51     | 0.00%             | 2034-07-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| BOARDWALK PIPELINES, LP                                       | BOARDWALK PIPELINES LP                             | CUSIP: 096630AJ7<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |  13515000 | PA      | $12452125.80  | 0.24%             | 2032-09-01      | Fixed         | 3.60%                 | No            | 2                  | On Loan: No      |
| Enbridge Inc.                                                 | ENBRIDGE INC                                       | CUSIP: 29250NCK9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   7555000 | PA      | $7716659.25   | 0.15%             | 2035-06-20      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| JOHNSONVILLE AERODERIVATIVE COMBUSTION TURBINE GENERATION LLC | JOHNSONVILLE AERODERIVATIVE                        | CUSIP: 479281AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6167698 | PA      | $5826560.05   | 0.11%             | 2054-10-01      | Fixed         | 5.08%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140KPNP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    252888 | PA      | $219008.66    | 0.00%             | 2050-10-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3622A25J7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    950165 | PA      | $931300.12    | 0.02%             | 2044-09-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| JPMORGAN CHASE & CO.                                          | JPMORGAN CHASE CO                                  | CUSIP: 46647PFK7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   6485000 | PA      | $6372589.07   | 0.12%             | 2037-02-05      | Fixed         | 5.19%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DSDD1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2542186 | PA      | $2378027.15   | 0.05%             | 2048-03-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| SMALL BUSINESS ADMINISTRATION GTD                             | Small Business Administration Participation        | CUSIP: 83162CSB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     18148 | PA      | $18343.57     | 0.00%             | 2028-10-01      | Fixed         | 5.63%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36296HAL3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2985 | PA      | $3065.96      | 0.00%             | 2038-08-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| LC AHAB US BIDCO LLC                                          | LC AHAB US BIDCO LLC                               | CUSIP: 50180PAB7<br>LEI: 254900949U9K2Q5C5A85 | Long             | LON              | CORP              | US        |   1086250 | PA      | $1077424.22   | 0.02%             | 2031-04-14      | Floating      | 6.17%                 | No            | 2                  | On Loan: No      |
| SMALL BUSINESS ADMINISTRATION GTD                             | Small Business Administration Participation        | CUSIP: 83162CSE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16544 | PA      | $16846.68     | 0.00%             | 2028-12-01      | Fixed         | 6.22%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36183B7G7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     47285 | PA      | $45312.95     | 0.00%             | 2044-09-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425WW49<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    939127 | PA      | $960950.88    | 0.02%             | 2055-01-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| TALEN ENERGY SUPPLY, LLC                                      | TALEN ENERGY SUPPLY LLC                            | CUSIP: 87422VAM0<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   4670000 | PA      | $4617968.73   | 0.09%             | 2034-02-01      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31371KLT6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       912 | PA      | $935.59       | 0.00%             | 2032-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CSD40<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    276311 | PA      | $291013.69    | 0.01%             | 2054-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| United States of America                                      | 10 YEAR US TREASURY NOTE FUTURE JUN26              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -339 | NC      | $578941.27    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| RESORTS WORLD LAS VEGAS LLC                                   | RESORTS WORLD LAS VEGAS LLC                        | CUSIP: 76120HAC1<br>LEI: 254900LHVH9D3APT8R82 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2128639.77   | 0.04%             | 2031-04-06      | Fixed         | 4.62%                 | Yes           | 2                  | On Loan: No      |
| AVIS BUDGET CAR RENTAL, LLC                                   | AVIS BUDGET CAR RENTAL LLC                         | CUSIP: 053773BK2<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |   1215000 | PA      | $1208332.20   | 0.02%             | 2032-06-15      | Fixed         | 8.38%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38383BZU9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  30981362 | PA      | $3207596.49   | 0.06%             | 2051-10-20      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140QKNV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  28632846 | PA      | $24732599.34  | 0.48%             | 2051-05-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WBEV4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    317912 | PA      | $333939.40    | 0.01%             | 2054-05-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XGXS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3077256 | PA      | $2641027.81   | 0.05%             | 2052-04-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31292JBJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     82606 | PA      | $84832.72     | 0.00%             | 2034-05-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| GE VERNOVA INC.                                               | GE VERNOVA INC                                     | CUSIP: 36828AAB7<br>LEI: 254900DP080RU6OK2553 | Long             | DBT              | CORP              | US        |   4330000 | PA      | $4291514.57   | 0.08%             | 2036-02-04      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C1AA8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    197999 | PA      | $197368.72    | 0.00%             | 2053-04-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| ALAMO RE LTD.                                                 | ALAMO RE LTD                                       | CUSIP: 011395AJ9<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |   1250000 | PA      | $1265000.00   | 0.02%             | 2026-06-07      | Variable      | 12.23%                | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XKGB0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     35216 | PA      | $33286.19     | 0.00%             | 2047-07-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| PANGAEA RE 2025 3                                             | PANGAEA RE 2025 3                                  | CUSIP: S00733082<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $3708230.85   | 0.07%             | 2031-07-01      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200NEU1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2236 | PA      | $2222.53      | 0.00%             | 2034-02-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140X8JG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    717030 | PA      | $592921.82    | 0.01%             | 2050-11-01      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NMLF2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    250621 | PA      | $257992.67    | 0.00%             | 2053-06-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST                           | GS MORTGAGE BACKED SECURITIES TRUST 2025 SL1       | CUSIP: 362960AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6729041 | PA      | $6765826.07   | 0.13%             | 2067-11-25      | Fixed         | 5.85%                 | Yes           | 2                  | On Loan: No      |
| RESORTS WORLD LAS VEGAS LLC                                   | RESORTS WORLD LAS VEGAS LLC RWLV CAPITAL INC       | CUSIP: 76120HAA5<br>LEI: 254900LHVH9D3APT8R82 | Long             | DBT              | CORP              | US        |   8400000 | PA      | $7219188.23   | 0.14%             | 2029-04-16      | Fixed         | 4.62%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 01F042640<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  71000000 | PA      | $68515402.57  | 1.32%             | 2056-04-25      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138WFBK1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     38456 | PA      | $33551.80     | 0.00%             | 2045-07-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NMLP0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1206408 | PA      | $1247690.97   | 0.02%             | 2053-06-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| HUMANA INC.                                                   | HUMANA INC                                         | CUSIP: 444859CA8<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2526869.45   | 0.05%             | 2031-04-15      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| HESS MIDSTREAM OPERATIONS LP                                  | HESS MIDSTREAM OPERATION                           | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1595000 | PA      | $1605233.52   | 0.03%             | 2028-03-01      | Fixed         | 5.88%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133B77K8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  35893795 | PA      | $31589105.34  | 0.61%             | 2052-04-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138YBWS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    194069 | PA      | $168048.88    | 0.00%             | 2045-04-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179XFK7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    398565 | PA      | $405245.51    | 0.01%             | 2052-09-20      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201AY77<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1061 | PA      | $1100.11      | 0.00%             | 2032-10-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| HALLIBURTON COMPANY                                           | HALLIBURTON CO                                     | CUSIP: 406216AS0<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |   2065000 | PA      | $2339760.52   | 0.04%             | 2096-08-15      | Fixed         | 7.60%                 | Yes           | 2                  | On Loan: No      |
| HUNDRED ACRE WOOD TRUST                                       | HUNDRED ACRE WOOD TRUST 2021 INV3                  | CUSIP: 44555QAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9820007 | PA      | $8169195.31   | 0.16%             | 2051-12-25      | Variable      | 2.50%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31405NMQ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       745 | PA      | $759.75       | 0.00%             | 2034-09-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| BROWN & BROWN, INC.                                           | BROWN BROWN INC                                    | CUSIP: 115236AE1<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |  12416000 | PA      | $11719660.68  | 0.23%             | 2032-03-17      | Fixed         | 4.20%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31427AF51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     79769 | PA      | $84724.61     | 0.00%             | 2055-09-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| MERION RE 2025 1                                              | MERION RE 2025 1                                   | CUSIP: S00688253<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    750000 | PA      | $11751.90     | 0.00%             | 2030-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DSDA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2191576 | PA      | $1983153.02   | 0.04%             | 2046-12-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202FJQ0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     59618 | PA      | $59009.78     | 0.00%             | 2040-08-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| HOME RE LIMITED                                               | HOME RE 2026 1 LTD                                 | CUSIP: 436956AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2850000 | PA      | $2849475.32   | 0.05%             | 2036-01-25      | Floating      | 4.87%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NDU88<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    153941 | PA      | $158172.45    | 0.00%             | 2053-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140N6WZ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1120617 | PA      | $1128152.12   | 0.02%             | 2052-11-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| EDEN RE II LTD                                                | EDEN RE II LTD                                     | CUSIP: 27954JAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3400000 | PA      | $487356.00    | 0.01%             | 2030-03-19      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140FXFQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4450689 | PA      | $3801501.95   | 0.07%             | 2057-02-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179TAN5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      5436 | PA      | $5514.22      | 0.00%             | 2047-06-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140JUYX6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13067 | PA      | $12202.89     | 0.00%             | 2049-07-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31292H3K8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      8938 | PA      | $9249.94      | 0.00%             | 2033-10-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XNNT7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1206167 | PA      | $1105234.54   | 0.02%             | 2047-02-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140N4GL5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    234352 | PA      | $233683.62    | 0.00%             | 2053-04-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| ALTURAS RE 2021 3 7 31 25                                     | ALTURAS RE 2021 3 7 31 25                          | CUSIP: S00322493<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    213682 | PA      | $5983.10      | 0.00%             | 2026-07-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140A8KC5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    283397 | PA      | $293840.27    | 0.01%             | 2054-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179RVE6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2486 | PA      | $2514.16      | 0.00%             | 2045-12-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| VALERO ENERGY CORPORATION                                     | VALERO ENERGY CORP                                 | CUSIP: 91913YAL4<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |   7773000 | PA      | $8507619.39   | 0.16%             | 2037-06-15      | Fixed         | 6.62%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425YPV3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    134731 | PA      | $140085.47    | 0.00%             | 2055-01-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                                 | GOLDMAN SACHS GROUP INC THE                        | CUSIP: 38141GYN8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6214462.94   | 0.12%             | 2032-10-21      | Fixed         | 2.65%                 | No            | 2                  | On Loan: No      |
| WEC ENERGY GROUP INC.                                         | WEC ENERGY GROUP INC                               | CUSIP: 92939UAU0<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   1460000 | PA      | $1430551.65   | 0.03%             | 2056-05-15      | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| United States of America                                      | UNITED STATES TREASURY BILL                        | CUSIP: 912797SM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 110000000 | PA      | $109756005.70 | 2.11%             | 2026-04-23      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W8ZU0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    148507 | PA      | $155045.86    | 0.00%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W8WS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     80476 | PA      | $84757.67     | 0.00%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NDGZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1199056 | PA      | $1194891.36   | 0.02%             | 2053-04-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179UXT4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     84221 | PA      | $78544.97     | 0.00%             | 2049-08-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200Q3R3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       654 | PA      | $661.95       | 0.00%             | 2032-02-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| META PLATFORMS, INC.                                          | META PLATFORMS INC                                 | CUSIP: 30303MAE2<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   4170000 | PA      | $3908917.84   | 0.08%             | 2055-11-15      | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| HCA INC.                                                      | HCA INC                                            | CUSIP: 404119DA4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   6265000 | PA      | $6422597.08   | 0.12%             | 2032-03-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426CM92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     94253 | PA      | $99182.82     | 0.00%             | 2055-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31393X7K7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     94407 | PA      | $95699.75     | 0.00%             | 2043-07-25      | Variable      | 5.48%                 | No            | 2                  | On Loan: No      |
| PROVIDENT FUNDING MORTGAGE LOAN TRUST                         | PROVIDENT FUNDING MORTGAGE TRUST 2021 2            | CUSIP: 74388JAV7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3111823 | PA      | $2536011.86   | 0.05%             | 2051-04-25      | Variable      | 2.35%                 | Yes           | 2                  | On Loan: No      |
| GLS AUTO SELECT RECEIVABLES TRUST                             | GLS AUTO SELECT RECEIVABLES TRUST 2024 4           | CUSIP: 36271BAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2068000 | PA      | $2069071.02   | 0.04%             | 2031-10-15      | Fixed         | 5.28%                 | Yes           | 2                  | On Loan: No      |
| Element Fleet Management Corp.                                | ELEMENT FLEET MANAGEMENT CORP                      | CUSIP: 286181AR3<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   3320000 | PA      | $3273191.39   | 0.06%             | 2030-11-24      | Fixed         | 4.64%                 | Yes           | 2                  | On Loan: No      |
| RMF BUYOUT ISSUANCE TRUST                                     | RMF BUYOUT ISSUANCE TRUST 2021 HB1                 | CUSIP: 74969TAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2865862.20   | 0.06%             | 2031-11-25      | Variable      | 3.69%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425UNV3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    374742 | PA      | $386088.15    | 0.01%             | 2054-12-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XAPD8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    809834 | PA      | $728172.85    | 0.01%             | 2051-04-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31410LK50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    121969 | PA      | $121859.32    | 0.00%             | 2039-02-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| KEYCORP                                                       | KEYCORP                                            | CUSIP: 493267868<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |     83674 | NS      | $1753807.04   | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140UANS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    400000 | PA      | $394663.01    | 0.01%             | 2056-04-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| BENCHMARK MORTGAGE TRUST                                      | BENCHMARK 2020 IG3 MORTGAGE TRUST                  | CUSIP: 08162QAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2615000 | PA      | $1861727.81   | 0.04%             | 2048-09-15      | Variable      | 3.26%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WAGF9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    137491 | PA      | $143865.12    | 0.00%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31406H7C5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     33123 | PA      | $33356.64     | 0.00%             | 2034-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36290TA66<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     31257 | PA      | $32072.69     | 0.00%             | 2034-09-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| CLEVELAND-CLIFFS INC.                                         | CLEVELAND CLIFFS INC                               | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   3235000 | PA      | $3130031.69   | 0.06%             | 2032-03-15      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179WY85<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   8728285 | PA      | $7214548.48   | 0.14%             | 2052-03-20      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425UGV1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    319389 | PA      | $330541.38    | 0.01%             | 2054-12-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620C6PG4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     93189 | PA      | $91665.31     | 0.00%             | 2041-06-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36290R2Q5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     11973 | PA      | $12002.91     | 0.00%             | 2033-09-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| SANDERS RE III LTD                                            | SANDERS RE III LTD                                 | CUSIP: 80001UAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    600000 | PA      | $598980.00    | 0.01%             | 2034-04-07      | Floating      | 8.66%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426BU61<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     91791 | PA      | $98371.76     | 0.00%             | 2055-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138WMHQ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     93824 | PA      | $83286.24     | 0.00%             | 2043-03-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| PROVIDENT FUNDING MORTGAGE LOAN TRUST                         | PROVIDENT FUNDING MORTGAGE TRUST 2021 J1           | CUSIP: 74387MAY5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2575557 | PA      | $2224488.89   | 0.04%             | 2051-10-25      | Variable      | 2.63%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31386FL60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1309 | PA      | $1374.98      | 0.00%             | 2030-12-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140M5XQ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1167485 | PA      | $1208880.28   | 0.02%             | 2053-12-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| THOPAS RE 2022                                                | THOPAS RE 2022                                     | CUSIP: S00393836<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4000000 | PA      | $20301.76     | 0.00%             | 2027-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425YPS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     69649 | PA      | $72459.23     | 0.00%             | 2055-01-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Bayou Re Ltd.                                                 | BAYOU RE LTD                                       | CUSIP: 07304LAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    750000 | PA      | $768750.00    | 0.01%             | 2030-05-26      | Variable      | 22.54%                | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426TME4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     99143 | PA      | $105781.56    | 0.00%             | 2055-07-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| STARWOOD PROPERTY TRUST, INC.                                 | STARWOOD PROPERTY TRUST INC                        | CUSIP: 85571BBG9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |   2145000 | PA      | $2118189.43   | 0.04%             | 2031-01-15      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140J5SF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1402892 | PA      | $1277521.66   | 0.02%             | 2047-04-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138WP6E9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     53694 | PA      | $47867.45     | 0.00%             | 2043-04-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140M2NG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    843445 | PA      | $736374.25    | 0.01%             | 2042-02-01      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST                           | CONNECTICUT AVENUE SECURITIES TRUST 2024 R03       | CUSIP: 207941AB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3230000 | PA      | $3235038.80   | 0.06%             | 2044-03-25      | Floating      | 5.61%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426BG75<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     43163 | PA      | $45460.91     | 0.00%             | 2055-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31401NN54<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27569 | PA      | $28102.53     | 0.00%             | 2033-07-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202C6L2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6839 | PA      | $7040.90      | 0.00%             | 2028-11-20      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| CONTINENTAL FINANCE CREDIT CARD ABS LLC                       | CONTINENTAL FINANCE CREDIT CARD ABS MASTER TRUST   | CUSIP: 66981PAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1823671 | PA      | $1825646.14   | 0.04%             | 2030-10-15      | Fixed         | 6.19%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31408GMR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     28165 | PA      | $29187.91     | 0.00%             | 2035-12-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W7XF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    253127 | PA      | $267387.98    | 0.01%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NSA20<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    150740 | PA      | $156981.96    | 0.00%             | 2053-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| SUMITOMO LIFE INSURANCE COMPANY                               | SUMITOMO LIFE INSURANCE CO                         | CUSIP: 86564CAF7<br>LEI: 549300I5OQCDADQSPI57 | Long             | DBT              | CORP              | JP        |  20040000 | PA      | $19607715.16  | 0.38%             | 2055-09-10      | Fixed         | 5.88%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140N7UC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    521953 | PA      | $518133.79    | 0.01%             | 2053-02-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Residential Reinsurance 2023 Limited                          | RESIDENTIAL REINSURANCE 2023 LTD                   | CUSIP: 76090WAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $1040300.00   | 0.02%             | 2030-12-06      | Variable      | 9.42%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140A1Y35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    451226 | PA      | $469189.36    | 0.01%             | 2053-10-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XNNQ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  39319467 | PA      | $33804701.32  | 0.65%             | 2051-11-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W8XS7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    300837 | PA      | $314082.08    | 0.01%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B5D38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    368632 | PA      | $377162.42    | 0.01%             | 2055-03-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| ARBOR REALTY COMMERCIAL REAL ESTATE NOTES LTD                 | ARBOR REALTY COLLATERALIZED LOAN OBLIGATION LTD    | CUSIP: 03881UAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4450000 | PA      | $4476376.93   | 0.09%             | 2041-01-18      | Floating      | 6.31%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138ECMS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     66722 | PA      | $64356.72     | 0.00%             | 2042-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| CARNOUSTIE RE 2026                                            | CARNOUSTIE RE 2026                                 | CUSIP: S00811005<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $2092203.99   | 0.04%             | 2031-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| HILT MORTGAGE TRUST                                           | HILT COMMERCIAL MORTGAGE TRUST 2024 ORL            | CUSIP: 403956AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7025000 | PA      | $7020609.38   | 0.13%             | 2037-05-15      | Floating      | 5.21%                 | Yes           | 2                  | On Loan: No      |
| SECTOR RE V LTD                                               | SECTOR RE V LTD                                    | CUSIP: 81369AEU2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6000000 | PA      | $6441000.00   | 0.12%             | 2030-12-01      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140A0AY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    308576 | PA      | $314773.40    | 0.01%             | 2053-09-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36200RG48<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     18320 | PA      | $19030.80     | 0.00%             | 2032-07-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| MERION RE 2026 1                                              | MERION RE 2026 1                                   | CUSIP: S00810574<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    750000 | PA      | $691790.35    | 0.01%             | 2031-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Long Point Re IV Ltd                                          | LONG POINT RE IV LTD                               | CUSIP: 54279PAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3500000 | PA      | $3503850.00   | 0.07%             | 2026-06-01      | Variable      | 7.92%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NBYV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     98347 | PA      | $102067.30    | 0.00%             | 2053-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| AMUR EQUIPMENT FINANCE RECEIVABLES LLC                        | AMUR EQUIPMENT FINANCE RECEIVABLES XII LLC         | CUSIP: 03236YAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3574265.80   | 0.07%             | 2029-12-20      | Fixed         | 6.36%                 | Yes           | 2                  | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                            | SOUTHERN CALIFORNIA EDISON CO                      | CUSIP: 842400JE4<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   2810000 | PA      | $2874474.07   | 0.06%             | 2031-06-01      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| Enbridge Inc.                                                 | ENBRIDGE INC                                       | CUSIP: 29250NCG8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   3800000 | PA      | $3992021.60   | 0.08%             | 2055-03-15      | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NBY21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    309766 | PA      | $316490.15    | 0.01%             | 2053-04-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36209YWT1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     15311 | PA      | $15576.96     | 0.00%             | 2031-10-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AUHB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    504739 | PA      | $524802.08    | 0.01%             | 2054-11-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140LW6A0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1286593 | PA      | $1356849.80   | 0.03%             | 2053-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140M9BE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    261457 | PA      | $272963.98    | 0.01%             | 2053-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213DWF1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6331 | PA      | $6412.17      | 0.00%             | 2031-07-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DSC59<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3379 | PA      | $3415.21      | 0.00%             | 2040-05-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| PRIMERICA, INC.                                               | PRIMERICA INC                                      | CUSIP: 74164MAB4<br>LEI: 254900621R686KJR7022 | Long             | DBT              | CORP              | US        |   2590000 | PA      | $2316118.90   | 0.04%             | 2031-11-19      | Fixed         | 2.80%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AAVG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     78000 | PA      | $81972.49     | 0.00%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| FREMF MORTGAGE TRUST                                          | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 30314CAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3364630 | PA      | $3182352.97   | 0.06%             | 2029-07-25      | Floating      | 6.18%                 | Yes           | 2                  | On Loan: No      |
| ORACLE CORPORATION                                            | ORACLE CORP                                        | CUSIP: 68389XEB7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  11070000 | PA      | $10274106.08  | 0.20%             | 2056-02-04      | Fixed         | 6.70%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XNN42<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1819673 | PA      | $1737153.98   | 0.03%             | 2051-09-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| LXP INDUSTRIAL TRUST                                          | LXP INDUSTRIAL TRUST                               | CUSIP: 529537AA0<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              | CORP              | US        |   7870000 | PA      | $6830635.94   | 0.13%             | 2031-10-01      | Fixed         | 2.38%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CSMN8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5192255 | PA      | $5295395.98   | 0.10%             | 2054-08-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY, INC.                         | AMERICAN ELECTRIC POWER CO INC                     | CUSIP: 02557TAE9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   7770000 | PA      | $7675322.55   | 0.15%             | 2056-03-15      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36225AQL7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |         5 | PA      | $5.14         | 0.00%             | 2026-11-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| ORANGE SA                                                     | ORANGE SA                                          | CUSIP: 685218AE9<br>LEI: 969500MCOONR8990S771 | Long             | DBT              | CORP              | FR        |   3735000 | PA      | $3693250.69   | 0.07%             | 2033-01-13      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200DHP1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       842 | PA      | $855.51       | 0.00%             | 2032-12-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179NVQ8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4699 | PA      | $4645.37      | 0.00%             | 2043-12-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NMLG0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    281037 | PA      | $287061.30    | 0.01%             | 2053-06-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| United States of America                                      | UNITED STATES TREASURY BILL                        | CUSIP: 912797TK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  80000000 | PA      | $79782169.60  | 1.53%             | 2026-04-28      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XGR84<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2532923 | PA      | $2338097.71   | 0.04%             | 2052-04-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XNNX8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    541635 | PA      | $510533.21    | 0.01%             | 2049-05-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425VPW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    190784 | PA      | $202580.80    | 0.00%             | 2054-12-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36181LT57<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    157649 | PA      | $151167.54    | 0.00%             | 2043-08-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| CSMC TRUST                                                    | CSMC 2021 RPL2TRUST                                | CUSIP: 12656TAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2490163 | PA      | $1901960.10   | 0.04%             | 2060-01-25      | Variable      | 2.75%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31297S6G5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     37805 | PA      | $38495.63     | 0.00%             | 2035-08-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XNNY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    122198 | PA      | $115095.53    | 0.00%             | 2045-10-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WDW81<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    367493 | PA      | $381798.35    | 0.01%             | 2054-06-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| BPCE SA                                                       | BPCE SA                                            | CUSIP: 05578QAF0<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   4875000 | PA      | $4306901.87   | 0.08%             | 2032-10-19      | Fixed         | 3.12%                 | Yes           | 2                  | On Loan: No      |
| FIGRE TRUST                                                   | FIGRE TRUST 2025 HE1                               | CUSIP: 30191LAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9385074 | PA      | $9443910.33   | 0.18%             | 2055-01-25      | Variable      | 5.83%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NSN67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    345975 | PA      | $363265.80    | 0.01%             | 2053-09-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202ETZ2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6091 | PA      | $6192.43      | 0.00%             | 2038-06-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36183XL57<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    198044 | PA      | $188352.42    | 0.00%             | 2045-02-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DSC26<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2338980 | PA      | $2262136.42   | 0.04%             | 2044-05-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179UKZ4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     62024 | PA      | $62537.99     | 0.00%             | 2049-01-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NSNV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    172402 | PA      | $176412.14    | 0.00%             | 2053-09-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36207ULV8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       884 | PA      | $889.43       | 0.00%             | 2028-04-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| BRIDGE STREET RE LTD                                          | BRIDGE STREET RE LTD                               | CUSIP: 10807LAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1005400.00   | 0.02%             | 2032-01-07      | Floating      | 11.29%                | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138WFAC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    258988 | PA      | $251775.00    | 0.00%             | 2030-07-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CQ2B0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    479759 | PA      | $503946.56    | 0.01%             | 2054-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Windrose Re Ltd.                                              | WINDROSE RE LTD                                    | CUSIP: 972917AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1002600.00   | 0.02%             | 2033-02-11      | Floating      | 11.66%                | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 01F020448<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7000000 | PA      | $6437638.69   | 0.12%             | 2041-04-25      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| LONDON BRIDGE 2 PCC LIMITED                                   | FUCHSIA 2023 1 LONDON BRIDGE 2 PCC LTD             | CUSIP: 541917AA8<br>LEI: 549300TUFAUPZXE4UR14 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1026600.00   | 0.02%             | 2033-04-06      | Variable      | 8.90%                 | Yes           | 2                  | On Loan: No      |
| UDR, INC.                                                     | UDR INC                                            | CUSIP: 90265EAP5<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              | CORP              | US        |   4865000 | PA      | $4849876.32   | 0.09%             | 2029-01-26      | Fixed         | 4.40%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138MRBR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    135245 | PA      | $127757.11    | 0.00%             | 2042-12-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA         | TEACHERS INSURANCE ANNUITY ASSOCIATION OF AMERIC   | CUSIP: 878091BC0<br>LEI: O06XD7BJ4EPXNABVFN69 | Long             | DBT              | CORP              | US        |    635000 | PA      | $711998.96    | 0.01%             | 2039-12-16      | Fixed         | 6.85%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31417ACQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    170239 | PA      | $161165.11    | 0.00%             | 2041-10-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| CONTINENTAL FINANCE CREDIT CARD ABS LLC                       | CONTINENTAL FINANCE CREDIT CARD ABS MASTER TRUST   | CUSIP: 66981PAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1890000 | PA      | $1897125.68   | 0.04%             | 2032-12-15      | Fixed         | 5.78%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426GZ73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    438397 | PA      | $453471.98    | 0.01%             | 2055-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140UAR80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    200000 | PA      | $201162.10    | 0.00%             | 2056-04-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| THOPAS RE 2021 12 31 26                                       | THOPAS RE 2021 12 31 26                            | CUSIP: S00265550<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   7000000 | PA      | $102900.00    | 0.00%             | 2026-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3136BJVT9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2373582 | PA      | $534122.46    | 0.01%             | 2051-11-25      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179WFL7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7655 | PA      | $7529.81      | 0.00%             | 2051-05-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| RADNOR RE/ESSENT                                              | RADNOR RE 2023 1 LTD                               | CUSIP: 75050KAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    467720 | PA      | $468993.81    | 0.01%             | 2033-07-25      | Floating      | 6.38%                 | Yes           | 2                  | On Loan: No      |
| SkyMiles IP Ltd.                                              | DELTA AIR LINES SKYMILES                           | CUSIP: 830867AB3<br>LEI: 2549008L7P4I8VB90936 | Long             | DBT              | CORP              | KY        |  10770833 | PA      | $10755276.59  | 0.21%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AAMY0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     45966 | PA      | $48566.26     | 0.00%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36176N2L4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       855 | PA      | $814.84       | 0.00%             | 2041-11-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| MICRON TECHNOLOGY, INC.                                       | MICRON TECHNOLOGY INC                              | CUSIP: 595112CE1<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |   9385000 | PA      | $9992560.50   | 0.19%             | 2035-01-15      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| 321 HENDERSON RECEIVABLES II LLC                              | 321 HENDERSON RECEIVABLES LLC                      | CUSIP: 88576PAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     87228 | PA      | $85541.90     | 0.00%             | 2040-11-15      | Floating      | 4.02%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138YUSH5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     22607 | PA      | $21900.96     | 0.00%             | 2045-06-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179UMN9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    357736 | PA      | $360629.14    | 0.01%             | 2049-02-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION G2        | CUSIP: 36202DAB7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6369 | PA      | $6557.56      | 0.00%             | 2029-01-20      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Enbridge Inc.                                                 | ENBRIDGE INC                                       | CUSIP: 29250NBT1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   5290000 | PA      | $5951657.33   | 0.11%             | 2084-01-15      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179QT76<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       637 | PA      | $647.14       | 0.00%             | 2044-11-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DU66<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2385 | PA      | $2428.75      | 0.00%             | 2032-11-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202FKP0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     14851 | PA      | $15133.43     | 0.00%             | 2040-09-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B4YR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    396238 | PA      | $418562.16    | 0.01%             | 2055-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179QJS1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     28680 | PA      | $27085.41     | 0.00%             | 2044-07-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                                    | ALBERTSONS COS INC                                 | CUSIP: 01309QAD0<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   7395000 | PA      | $7234870.89   | 0.14%             | 2034-03-31      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36184CDG7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     91146 | PA      | $83206.09     | 0.00%             | 2045-03-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DAR2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       477 | PA      | $491.01       | 0.00%             | 2029-02-20      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B23M4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    138835 | PA      | $147030.10    | 0.00%             | 2055-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Blue Ridge Re Ltd.                                            | BLUE RIDGE RE LTD                                  | CUSIP: 096003AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $251150.00    | 0.00%             | 2029-01-08      | Variable      | 5.67%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179TQS7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     46363 | PA      | $46919.04     | 0.00%             | 2048-01-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201EJS0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     20082 | PA      | $20656.49     | 0.00%             | 2032-01-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| J.G. WENTWORTH LLC                                            | JG WENTWORTH XLIII LLC                             | CUSIP: 46650XAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3931645 | PA      | $3527906.47   | 0.07%             | 2071-08-17      | Fixed         | 3.82%                 | Yes           | 2                  | On Loan: No      |
| DRIVE AUTO RECEIVABLES TRUST                                  | DRIVE AUTO RECEIVABLES TRUST                       | CUSIP: 262102AF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15770000 | PA      | $15846810.94  | 0.30%             | 2032-09-15      | Fixed         | 5.41%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213XZG2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6061 | PA      | $6449.97      | 0.00%             | 2032-09-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| MORGAN STANLEY                                                | MORGAN STANLEY                                     | CUSIP: 61747YFB6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1830000 | PA      | $1874672.77   | 0.04%             | 2038-01-19      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36210AN86<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      9244 | PA      | $9283.54      | 0.00%             | 2028-09-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| JPMORGAN CHASE & CO.                                          | JPMORGAN CHASE CO                                  | CUSIP: 48128B523<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |    311422 | NS      | $5449885.00   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| ILPT TRUST                                                    | ILPT TRUST 2019 SURF                               | CUSIP: 44965LAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8216000 | PA      | $8034799.41   | 0.15%             | 2041-02-11      | Fixed         | 4.14%                 | Yes           | 2                  | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                                    | JP MORGAN MORTGAGE TRUST 2022 INV1                 | CUSIP: 46592PBG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2460238 | PA      | $2064345.80   | 0.04%             | 2051-10-25      | Variable      | 3.04%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36290YUW6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     36291 | PA      | $35964.61     | 0.00%             | 2033-10-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| MANULIFE FINANCIAL CORPORATION                                | MANULIFE FINANCIAL CORP                            | CUSIP: 56501RAX4<br>LEI: 5493007GBX87QOZACS27 | Long             | DBT              | CORP              | CA        |   4750000 | PA      | $4640450.80   | 0.09%             | 2035-12-11      | Fixed         | 4.99%                 | No            | 2                  | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING                                | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC           | CUSIP: 05377RFX7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    610000 | PA      | $610467.87    | 0.01%             | 2027-04-20      | Fixed         | 6.24%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202E5G0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6902 | PA      | $7012.23      | 0.00%             | 2039-05-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132ADPG7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     32416 | PA      | $29064.65     | 0.00%             | 2048-10-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140HNMA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    438600 | PA      | $365069.93    | 0.01%             | 2051-01-01      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CQDP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    397219 | PA      | $417371.49    | 0.01%             | 2054-07-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200MWG4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     10782 | PA      | $10965.37     | 0.00%             | 2033-09-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36182UNQ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     41215 | PA      | $39367.42     | 0.00%             | 2044-08-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36183HNN1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    112585 | PA      | $107956.40    | 0.00%             | 2044-12-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| United States of America                                      | TREASURY INFLATION INDEX                           | CUSIP: 91282CNS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  50000000 | PA      | $50398055.81  | 0.97%             | 2035-07-15      | Fixed         | 1.88%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 01F052649<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  22700000 | PA      | $22804554.16  | 0.44%             | 2056-04-25      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| FIGRE TRUST                                                   | FIGRE TRUST 2024 HE6                               | CUSIP: 31684DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17238484 | PA      | $17331530.65  | 0.33%             | 2054-12-25      | Variable      | 5.72%                 | Yes           | 2                  | On Loan: No      |
| BMW US CAPITAL, LLC                                           | BMW US CAPITAL LLC                                 | CUSIP: 05565ECZ6<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |  14200000 | PA      | $14285123.18  | 0.27%             | 2035-03-21      | Fixed         | 5.40%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36176NYN5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1494 | PA      | $1425.93      | 0.00%             | 2041-10-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| MORGAN STANLEY                                                | MORGAN STANLEY                                     | CUSIP: 61747YFP5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2265000 | PA      | $2292069.04   | 0.04%             | 2028-04-13      | Fixed         | 5.65%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31384WGV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       924 | PA      | $970.69       | 0.00%             | 2031-04-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140YWMD2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     96920 | PA      | $102265.89    | 0.00%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AAQ67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     80981 | PA      | $83911.44     | 0.00%             | 2054-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179QJT9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1296941 | PA      | $1245813.30   | 0.02%             | 2044-07-20      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140A92Q2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    107459 | PA      | $111593.30    | 0.00%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C0TY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    464012 | PA      | $460954.03    | 0.01%             | 2053-04-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213M3E6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2068 | PA      | $2189.30      | 0.00%             | 2032-08-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138W12A4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     29838 | PA      | $26932.74     | 0.00%             | 2043-02-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| VENTAS REALTY, LIMITED PARTNERSHIP                            | VENTAS REALTY LP                                   | CUSIP: 92277GBB2<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   4600000 | PA      | $4625317.80   | 0.09%             | 2032-07-15      | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| BROADCOM INC.                                                 | BROADCOM INC                                       | CUSIP: 11135FCK5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   5520000 | PA      | $5547460.62   | 0.11%             | 2030-07-15      | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140F0T20<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     87655 | PA      | $77395.77     | 0.00%             | 2044-03-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| SANDERS RE IV LTD                                             | SANDERS RE IV LTD                                  | CUSIP: 80001WAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    400000 | PA      | $399320.00    | 0.01%             | 2033-04-07      | Floating      | 7.02%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179MAX8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     43655 | PA      | $41377.69     | 0.00%             | 2042-04-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NMRB5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    730802 | PA      | $748517.81    | 0.01%             | 2053-06-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                                    | JP MORGAN MORTGAGE TRUST 2022 LTV1                 | CUSIP: 465976AD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7114000 | PA      | $4938937.18   | 0.09%             | 2052-07-25      | Variable      | 3.51%                 | Yes           | 2                  | On Loan: No      |
| HILCORP ENERGY I, L.P.                                        | HILCORP ENERGY I LP HILCORP FINANCE CO             | CUSIP: 431318BE3<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |   6830000 | PA      | $6672842.38   | 0.13%             | 2034-05-15      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| DARDEN RESTAURANTS, INC.                                      | DARDEN RESTAURANTS INC                             | CUSIP: 237194AN5<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | DBT              | CORP              | US        |   9539000 | PA      | $10206917.35  | 0.20%             | 2033-10-10      | Fixed         | 6.30%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140A5LF3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    165734 | PA      | $173833.84    | 0.00%             | 2053-11-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| CASCADE FUNDING MORTGAGE TRUST                                | CFMT 2024 HB13 LLC                                 | CUSIP: 12530VAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3530000 | PA      | $3432937.36   | 0.07%             | 2034-05-25      | Variable      | 3.00%                 | Yes           | 2                  | On Loan: No      |
| VEROS AUTO RECEIVABLES TRUST                                  | VEROS AUTO RECEIVABLES TRUST 2026 1                | CUSIP: 92511CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2610358 | PA      | $2609734.46   | 0.05%             | 2028-08-15      | Fixed         | 4.53%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36290R6J7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       414 | PA      | $422.04       | 0.00%             | 2033-10-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36181CGT9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    349011 | PA      | $332597.34    | 0.01%             | 2044-04-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200QJB1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       187 | PA      | $190.24       | 0.00%             | 2032-03-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| AVOLON HOLDINGS FUNDING LIMITED                               | AVOLON HOLDINGS FUNDING LTD                        | CUSIP: 05401AAS0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |  11740000 | PA      | $12084041.76  | 0.23%             | 2028-05-04      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| SECTOR RE V LIMITED                                           | SECTOR RE 2024 DEC CLASS GL R                      | CUSIP: 81369AES7<br>LEI: 549300QS6XPZQHTCEJ97 | Long             | DBT              | CORP              | BM        |      4055 | PA      | $376314.54    | 0.01%             | 2029-12-01      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620AYQJ8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    104618 | PA      | $100507.13    | 0.00%             | 2040-08-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426BU79<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     86409 | PA      | $92346.64     | 0.00%             | 2055-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| KEY COMMERCIAL MORTGAGE SECURITIES TRUST                      | KEY COMMERCIAL MORTGAGE SECURITIES TRUST 2019 S2   | CUSIP: 49307XAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5642642 | PA      | $5408899.27   | 0.10%             | 2052-06-15      | Fixed         | 3.47%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NBYU9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    263143 | PA      | $266084.90    | 0.01%             | 2053-04-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140FXKM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    256681 | PA      | $233548.98    | 0.00%             | 2058-08-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AWZ28<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.02         | 0.00%             | 2055-01-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3136BDU63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9935841 | PA      | $1650988.95   | 0.03%             | 2050-11-25      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36183XDS6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    104999 | PA      | $99696.51     | 0.00%             | 2045-01-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| TRICON AMERICAN HOMES TRUST                                   | TRICON AMERICAN HOMES 2020 SFR2 TRUST              | CUSIP: 89613JAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5650000 | PA      | $5404459.48   | 0.10%             | 2039-11-17      | Fixed         | 2.73%                 | Yes           | 2                  | On Loan: No      |
| LINCOLN NATIONAL CORPORATION                                  | LINCOLN NATIONAL CORP                              | CUSIP: 534187BZ1<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |   2165000 | PA      | $2110234.42   | 0.04%             | 2035-11-15      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426BU95<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     74369 | PA      | $79580.43     | 0.00%             | 2055-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NRQM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    398097 | PA      | $410095.01    | 0.01%             | 2053-07-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| WELLS FARGO & COMPANY                                         | WELLS FARGO COMPANY                                | CUSIP: 95002Y400<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |    206150 | NS      | $3556087.50   | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31407QPU4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     56998 | PA      | $58717.86     | 0.00%             | 2035-10-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| DRIVE AUTO RECEIVABLES TRUST                                  | DRIVE AUTO RECEIVABLES TRUST 2024 2                | CUSIP: 26207AAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8720000 | PA      | $8741098.04   | 0.17%             | 2032-05-17      | Fixed         | 4.94%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 01F032641<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        | 128000000 | PA      | $117330435.84 | 2.26%             | 2049-04-25      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138WFPA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    978106 | PA      | $917929.94    | 0.02%             | 2045-09-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| TOWD POINT MORTGAGE TRUST                                     | TOWD POINT MORTGAGE TRUST 2019 HY2                 | CUSIP: 89177HAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2005199.60   | 0.04%             | 2058-05-25      | Floating      | 6.04%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179UH62<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     16136 | PA      | $16262.89     | 0.00%             | 2048-12-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31401HES7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3101 | PA      | $3154.87      | 0.00%             | 2033-06-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Mayflower Re Ltd.                                             | MAYFLOWER RE LTD                                   | CUSIP: 57839MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3750000 | PA      | $3780750.00   | 0.07%             | 2030-07-08      | Variable      | 8.52%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425YYM3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     89519 | PA      | $95281.00     | 0.00%             | 2055-01-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| PENSKE TRUCK LEASING CO., L.P.                                | PENSKE TRUCK LEASING CO LP                         | CUSIP: 709599BN3<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |   2897000 | PA      | $2887267.04   | 0.06%             | 2027-07-01      | Fixed         | 4.40%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3617A4H92<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    136053 | PA      | $129527.14    | 0.00%             | 2045-08-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Veraison Re Ltd.                                              | VERAISON RE LTD                                    | CUSIP: 92335TAF6<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $499450.00    | 0.01%             | 2029-03-08      | Variable      | 3.65%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31409UCC7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24431 | PA      | $24553.87     | 0.00%             | 2036-03-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| SOUND POINT CLO                                               | SOUND POINT CLO XXVIII LTD                         | CUSIP: 83615CAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2750000 | PA      | $2680026.25   | 0.05%             | 2032-01-25      | Floating      | 7.58%                 | Yes           | 2                  | On Loan: No      |
| Corporacion Nacional del Cobre de Chile                       | CORP NACIONAL DEL COBRE DE CHILE                   | CUSIP: 21987BBM9<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |   5810000 | PA      | $6152906.20   | 0.12%             | 2055-01-13      | Fixed         | 6.78%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 3137FV4S8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2110792 | PA      | $408767.92    | 0.01%             | 2050-05-25      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| TRANSURBAN FINANCE COMPANY PTY LTD                            | TRANSURBAN FINANCE CO PTY LTD                      | CUSIP: 89400PAL7<br>LEI: 54930081LPJMUMEA6E57 | Long             | DBT              | CORP              | AU        |   7120000 | PA      | $6962933.73   | 0.13%             | 2036-03-24      | Fixed         | 4.92%                 | Yes           | 2                  | On Loan: No      |
| Highwoods Realty Limited Partnership                          | HIGHWOODS REALTY LP                                | CUSIP: 431282AT9<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              | CORP              | US        |   1876000 | PA      | $1658549.13   | 0.03%             | 2031-02-01      | Fixed         | 2.60%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426CMY7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     81325 | PA      | $85425.52     | 0.00%             | 2055-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CR2H5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    657410 | PA      | $683199.15    | 0.01%             | 2054-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| BANK OF AMERICA                                               | BANK OF AMERICA                                    | CUSIP: N/A<br>LEI: 9DJT3UXIJIZJI4WXO774       | Long             | RA               | CORP              | US        |  67000000 | PA      | $67000000.00  | 1.29%             |  |  |  | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200TEX2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3691 | PA      | $3748.90      | 0.00%             | 2031-09-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DNZ0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      5096 | PA      | $5346.78      | 0.00%             | 2031-07-20      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425V2R3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    300306 | PA      | $312471.74    | 0.01%             | 2054-12-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| SAN DIEGO GAS & ELECTRIC COMPANY                              | SAN DIEGO GAS ELECTRIC CO                          | CUSIP: 797440CH5<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |   2080000 | PA      | $2074179.22   | 0.04%             | 2036-03-15      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W8PF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     87353 | PA      | $91751.76     | 0.00%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CR2K8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    585868 | PA      | $623501.44    | 0.01%             | 2054-08-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| FIRST QUANTUM MINERALS LTD.                                   | FIRST QUANTUM MINERALS LTD                         | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   2210000 | PA      | $2249861.77   | 0.04%             | 2034-02-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AWUT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    836973 | PA      | $842677.35    | 0.02%             | 2054-12-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Spire Inc.                                                    | SPIRE INC                                          | CUSIP: 84857LAE1<br>LEI: 549300NXSY15DRY2R511 | Long             | DBT              | CORP              | US        |   2070000 | PA      | $2064610.76   | 0.04%             | 2056-06-01      | Fixed         | 6.45%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200AZ36<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2439 | PA      | $2503.13      | 0.00%             | 2035-06-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36176UA88<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4192 | PA      | $3995.01      | 0.00%             | 2041-10-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AUSS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    155471 | PA      | $158716.21    | 0.00%             | 2054-12-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202ERC5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     10884 | PA      | $11060.81     | 0.00%             | 2038-02-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Allianz SE                                                    | ALLIANZ SE                                         | CUSIP: 018820AE0<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |   7600000 | PA      | $7614181.60   | 0.15%             | 2199-12-31      | Fixed         | 6.55%                 | Yes           | 2                  | On Loan: No      |
| ARBOR REALTY COMMERCIAL REAL ESTATE NOTES LTD                 | ARBOR REALTY COMMERCIAL REAL ESTATE NOTES 2022 FL1 | CUSIP: 03880XAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7740000 | PA      | $7738738.38   | 0.15%             | 2037-01-15      | Floating      | 5.97%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36210UXJ7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2976 | PA      | $3020.33      | 0.00%             | 2029-02-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| VRTX TRUST                                                    | VRTX TRUST 2025 HQ                                 | CUSIP: 91835XAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5160000 | PA      | $5141386.33   | 0.10%             | 2030-09-05      | Variable      | 6.12%                 | Yes           | 2                  | On Loan: No      |
| Sanders Re II Ltd                                             | SANDERS RE II LTD                                  | CUSIP: 80001RAA9<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $3045600.00   | 0.06%             | 2032-04-07      | Variable      | 7.63%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140APER1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    178757 | PA      | $184002.13    | 0.00%             | 2054-09-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3622A2Q70<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    771804 | PA      | $739645.20    | 0.01%             | 2045-06-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132E05S7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    268343 | PA      | $220332.83    | 0.00%             | 2052-03-01      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36208WEG4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1206 | PA      | $1217.61      | 0.00%             | 2028-07-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| ENTERGY LOUISIANA, LLC                                        | ENTERGY LOUISIANA LLC                              | CUSIP: 29364WBM9<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |  11150000 | PA      | $11462454.11  | 0.22%             | 2034-03-15      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31400ELK4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1331 | PA      | $1377.49      | 0.00%             | 2033-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B4H52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    367303 | PA      | $364856.93    | 0.01%             | 2055-03-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Lightning Re Ltd.                                             | LIGHTNING RE SERIES                                | CUSIP: 532242AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3400000 | PA      | $3400000.00   | 0.07%             | 2030-03-31      | Variable      | 14.69%                | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179RVB2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    103971 | PA      | $97744.12     | 0.00%             | 2045-12-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213TB44<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7418 | PA      | $7649.74      | 0.00%             | 2032-04-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425YY50<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    195940 | PA      | $208476.11    | 0.00%             | 2055-01-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| FREMF MORTGAGE TRUST                                          | FREMF 2018 KSW4 MORTGAGE TRUST                     | CUSIP: 302960AH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1745000 | PA      | $1651167.63   | 0.03%             | 2028-10-25      | Floating      | 8.78%                 | Yes           | 2                  | On Loan: No      |
| PRMI SECURITIZATION TRUST                                     | PRMI SECURITIZATION TRUST 2021 1                   | CUSIP: 69359DBV4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6048399 | PA      | $4949643.74   | 0.10%             | 2051-04-25      | Variable      | 2.48%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179VHW3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     30645 | PA      | $31048.91     | 0.00%             | 2050-03-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31298M7E1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      2449 | PA      | $2534.48      | 0.00%             | 2031-05-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202D6T3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     13258 | PA      | $13286.57     | 0.00%             | 2034-07-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201MGY2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1655 | PA      | $1700.33      | 0.00%             | 2032-06-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179NTD0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     71669 | PA      | $67905.52     | 0.00%             | 2043-11-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31371KHZ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3433 | PA      | $3604.70      | 0.00%             | 2032-01-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Bonanza Re Ltd                                                | BONANZA RE LTD                                     | CUSIP: 09785EAQ4<br>LEI: 5493003F0CXUQ2C83105 | Long             | DBT              | CORP              | BM        |   1250000 | PA      | $1261500.00   | 0.02%             | 2027-12-19      | Variable      | 9.29%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XNN26<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5369722 | PA      | $5122275.06   | 0.10%             | 2051-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31288FET7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6390 | PA      | $6543.22      | 0.00%             | 2033-01-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31406VEJ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2451 | PA      | $2498.90      | 0.00%             | 2035-05-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36184NEC1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    347920 | PA      | $321052.85    | 0.01%             | 2045-04-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Merna Re Enterprise Ltd.                                      | MERNA REINSURANCE II LTD                           | CUSIP: 59013HAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $514350.00    | 0.01%             | 2033-07-07      | Variable      | 11.34%                | Yes           | 2                  | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST                  | AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2025  | CUSIP: 024948AG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3100000 | PA      | $3106936.56   | 0.06%             | 2031-09-12      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140YXNY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     85011 | PA      | $89533.89     | 0.00%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36225BND6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2252 | PA      | $2333.27      | 0.00%             | 2031-05-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418CRQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     37386 | PA      | $34886.55     | 0.00%             | 2047-10-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38383FMY6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1689987 | PA      | $164510.12    | 0.00%             | 2049-01-20      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NMLD7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    139982 | PA      | $144371.91    | 0.00%             | 2053-06-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| CAPITAL ONE FINANCIAL CORPORATION                             | CAPITAL ONE FINANCIAL CO                           | CUSIP: 14040H758<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |     46992 | NS      | $756101.28    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620AVYP1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3661 | PA      | $3515.58      | 0.00%             | 2041-01-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST        | J P MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES T  | CUSIP: 46593JAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5244000 | PA      | $5226418.97   | 0.10%             | 2039-10-05      | Variable      | 5.99%                 | Yes           | 2                  | On Loan: No      |
| BREAN ASSET BACKED SECURITIES TRUST                           | BREAN ASSET BACKED SECURITIES TRUST 2021 RM1       | CUSIP: 10638CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2793869 | PA      | $2664826.71   | 0.05%             | 2063-10-25      | Fixed         | 1.40%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36202D6F3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     11381 | PA      | $11841.64     | 0.00%             | 2034-06-20      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NMLJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    203954 | PA      | $209140.35    | 0.00%             | 2053-06-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426KKP0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     65539 | PA      | $68363.44     | 0.00%             | 2055-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426CMR2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     97562 | PA      | $102521.35    | 0.00%             | 2055-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31388FFW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       818 | PA      | $845.41       | 0.00%             | 2031-09-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EN88<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3807 | PA      | $3869.37      | 0.00%             | 2037-08-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| SCF EQUIPMENT LEASING LLC                                     | SCF EQUIPMENT LEASING 2024 1 LLC                   | CUSIP: 783896AF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2760000 | PA      | $2862485.70   | 0.06%             | 2033-06-21      | Fixed         | 6.58%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132E05U2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    808262 | PA      | $848267.92    | 0.02%             | 2053-12-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Sanders Re III Ltd.                                           | SANDERS RE III LTD                                 | CUSIP: 799927AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1040300.00   | 0.02%             | 2031-04-07      | Variable      | 9.20%                 | Yes           | 2                  | On Loan: No      |
| ALAMO RE LTD.                                                 | ALAMO RE LTD                                       | CUSIP: 011395AN0<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $515000.00    | 0.01%             | 2027-06-07      | Variable      | 9.78%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CR2G7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    993192 | PA      | $1019528.67   | 0.02%             | 2054-08-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36209DLL6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4836 | PA      | $4950.03      | 0.00%             | 2028-01-20      | Fixed         | 5.90%                 | No            | 2                  | On Loan: No      |
| Vitality RE XIV Limited                                       | VITALITY RE XIV LTD                                | CUSIP: 92851QAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    750000 | PA      | $761400.00    | 0.01%             | 2027-01-05      | Variable      | 8.41%                 | Yes           | 2                  | On Loan: No      |
| FARMERS INSURANCE EXCHANGE                                    | FARMERS INSURANCE EXCHANGE                         | CUSIP: 309601AG7<br>LEI: 549300UWG2TLX1GZVT44 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5996816.40   | 0.12%             | 2064-10-15      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179UPB2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1999612 | PA      | $1966284.98   | 0.04%             | 2049-03-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NEQD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    971099 | PA      | $1004815.65   | 0.02%             | 2053-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31292HKX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       115 | PA      | $118.81       | 0.00%             | 2031-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION G1        | CUSIP: 36225BPH5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       477 | PA      | $494.96       | 0.00%             | 2031-07-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418BJZ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     43621 | PA      | $42997.52     | 0.00%             | 2034-11-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| COUSINS PROPERTIES LP                                         | COUSINS PROPERTIES LP                              | CUSIP: 222793AD3<br>LEI: 254900ZQIHJ5FQH4C329 | Long             | DBT              | CORP              | US        |   4035000 | PA      | $3884774.77   | 0.07%             | 2033-03-01      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XNWF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2200084 | PA      | $1985565.18   | 0.04%             | 2042-04-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36210A4T1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      5202 | PA      | $5250.60      | 0.00%             | 2029-02-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31403DJ75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     32500 | PA      | $33537.77     | 0.00%             | 2036-06-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Sanders Re II Ltd                                             | SANDERS RE II LTD                                  | CUSIP: 80001TAA5<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $768900.00    | 0.01%             | 2028-04-07      | Variable      | 7.62%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140APN42<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    527907 | PA      | $543819.38    | 0.01%             | 2054-08-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213FEL3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7599 | PA      | $7787.61      | 0.00%             | 2032-10-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426CMZ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     85357 | PA      | $90635.44     | 0.00%             | 2055-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Kingdom of Saudi Arabia                                       | SAUDI GOVERNMENT INTERNATIONAL BOND                | CUSIP: 80413TBP3<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |  13960000 | PA      | $13746638.85  | 0.26%             | 2029-01-12      | Fixed         | 4.12%                 | Yes           | 2                  | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING                                | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC           | CUSIP: 05377RHZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2660000 | PA      | $2721243.04   | 0.05%             | 2030-06-20      | Fixed         | 5.85%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426JXZ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    194995 | PA      | $203462.44    | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 3137H22E3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4011564 | PA      | $454874.01    | 0.01%             | 2051-04-25      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38385AKF8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   9619675 | PA      | $966472.34    | 0.02%             | 2051-10-20      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| VELOCITY COMMERCIAL CAPITAL LOAN TRUST                        | VELOCITY COMMERCIAL CAPITAL LOAN TRUST 2025 1      | CUSIP: 922955AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4147949 | PA      | $4176424.12   | 0.08%             | 2055-02-25      | Variable      | 6.03%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200E3X7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     13001 | PA      | $12975.68     | 0.00%             | 2033-07-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AWZU6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    821556 | PA      | $828078.18    | 0.02%             | 2055-01-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 3137F5A74<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1481567 | PA      | $242169.65    | 0.00%             | 2048-05-15      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DKX8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       270 | PA      | $277.99       | 0.00%             | 2030-12-20      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31413YL82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5715 | PA      | $5995.04      | 0.00%             | 2037-12-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DSC75<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    234337 | PA      | $241678.10    | 0.00%             | 2041-06-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C7PY7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1184325 | PA      | $1209086.02   | 0.02%             | 2053-06-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36184BZL4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1323615 | PA      | $1243683.06   | 0.02%             | 2045-01-15      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| FREMF MORTGAGE TRUST                                          | FREMF 2017 KW03 MORTGAGE TRUST                     | CUSIP: 30302YAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2470680.00   | 0.05%             | 2027-07-25      | Variable      | 4.20%                 | Yes           | 2                  | On Loan: No      |
| United States of America                                      | 5 YEAR US TREASURY NOTE FUTURE JUN26               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      2475 | NC      | $-1252875.94  | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Banco Santander, S.A.                                         | BANCO SANTANDER SA                                 | CUSIP: 05971KAL3<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |  17000000 | PA      | $15259128.77  | 0.29%             | 2032-11-22      | Fixed         | 3.23%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140JNUZ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26953 | PA      | $25114.28     | 0.00%             | 2049-02-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| CAPITAL ONE FINANCIAL CORPORATION                             | CAPITAL ONE FINANCIAL CORP                         | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   3455000 | PA      | $3514268.45   | 0.07%             | 2036-01-30      | Fixed         | 6.18%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202CPA5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |         6 | PA      | $5.99         | 0.00%             | 2026-05-20      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425YK22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     85912 | PA      | $89021.43     | 0.00%             | 2055-01-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XJE74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4448286 | PA      | $4541812.71   | 0.09%             | 2050-04-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B45G1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    527177 | PA      | $563085.62    | 0.01%             | 2055-03-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| MISSION LANE CREDIT CARD MASTER TRUST                         | MISSION LANE CREDIT CARD MASTER TRUST              | CUSIP: 60510MBF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5200000 | PA      | $5216596.84   | 0.10%             | 2030-01-15      | Fixed         | 6.32%                 | Yes           | 2                  | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST                           | CITIGROUP COMMERCIAL MORTGAGE TRUST 2018 C5        | CUSIP: 17291DAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4777522 | PA      | $4712587.38   | 0.09%             | 2051-06-10      | Fixed         | 3.96%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NM6K8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1427085 | PA      | $1454723.21   | 0.03%             | 2053-07-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38382UTX9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   3205230 | PA      | $583587.50    | 0.01%             | 2051-06-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200FTM0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     27083 | PA      | $27538.41     | 0.00%             | 2033-02-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| FIRST EAGLE BSL CLO LLC                                       | FIRST EAGLE BSL CLO 2019 1 LTD                     | CUSIP: 32010FAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1575000 | PA      | $1573699.05   | 0.03%             | 2033-01-20      | Floating      | 8.28%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200R6G2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1311 | PA      | $1346.98      | 0.00%             | 2031-11-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132E04W9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    352480 | PA      | $289077.99    | 0.01%             | 2052-01-01      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| ENERFLEX INC                                                  | ENERFLEX INC                                       | CUSIP: 29281WAA6<br>LEI: 549300SQCOV1LC1GBK07 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1608113.73   | 0.03%             | 2031-01-15      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426GVK8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    293064 | PA      | $303172.75    | 0.01%             | 2055-04-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179UCC4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    981625 | PA      | $966470.18    | 0.02%             | 2048-09-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| FREMF MORTGAGE TRUST                                          | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 302960AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3244609 | PA      | $3227453.38   | 0.06%             | 2028-10-25      | Floating      | 6.23%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3136BCLK4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1705059 | PA      | $353058.93    | 0.01%             | 2050-11-25      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AWPV5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    219431 | PA      | $232185.31    | 0.00%             | 2054-12-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31388UGC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7120 | PA      | $7476.24      | 0.00%             | 2031-12-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36206JBC7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2502 | PA      | $2522.11      | 0.00%             | 2027-10-15      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| NELNET PRIVATE EDUCATION LOAN TRUST                           | NELNET STUDENT LOAN TRUST 2021 A                   | CUSIP: 64035DAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5095000 | PA      | $4610149.61   | 0.09%             | 2062-04-20      | Fixed         | 2.85%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200FWD6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     14855 | PA      | $15137.29     | 0.00%             | 2033-03-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201JGG8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1207 | PA      | $1222.94      | 0.00%             | 2032-05-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| 321 HENDERSON RECEIVABLES II LLC                              | 321 HENDERSON RECEIVABLES III LLC                  | CUSIP: 88576RAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $508568.10    | 0.01%             | 2046-01-15      | Fixed         | 8.37%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NGX96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    509020 | PA      | $505024.03    | 0.01%             | 2053-04-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202FCP9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3594 | PA      | $3662.70      | 0.00%             | 2039-11-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36176MW74<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     74496 | PA      | $73313.84     | 0.00%             | 2041-07-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG, LLC                           | VENTURE GLOBAL PLAQUEMINES LNG LLC                 | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   3355000 | PA      | $3497400.56   | 0.07%             | 2034-01-15      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| UBS Group AG                                                  | UBS GROUP AG                                       | CUSIP: 902613AK4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  12330000 | PA      | $10904297.39  | 0.21%             | 2033-02-11      | Fixed         | 2.75%                 | Yes           | 2                  | On Loan: No      |
| Foundation Re IV Ltd.                                         | FOUNDATION RE IV LTD                               | CUSIP: 349939AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1004800.00   | 0.02%             | 2034-01-05      | Floating      | 7.18%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CNHE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    125157 | PA      | $130102.35    | 0.00%             | 2054-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| AMENTUM HOLDINGS, INC.                                        | AMENTUM HOLDINGS INC                               | CUSIP: 02351XAB4<br>LEI: 2549009FJIBLW40CU216 | Long             | LON              | CORP              | US        |   1442505 | PA      | $1443631.70   | 0.03%             | 2031-09-29      | Floating      | 5.67%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202SGX0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     27821 | PA      | $28349.39     | 0.00%             | 2033-03-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                          | MITSUBISHI UFJ FINANCIAL GROUP INC                 | CUSIP: 606822CB8<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   3490000 | PA      | $3083894.60   | 0.06%             | 2032-10-13      | Fixed         | 2.49%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202E7E3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     16817 | PA      | $15852.20     | 0.00%             | 2039-06-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| UBS Group AG                                                  | UBS GROUP AG                                       | CUSIP: 225401BS6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   9940000 | PA      | $9769813.38   | 0.19%             | 2032-08-10      | Fixed         | 4.59%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CLMK9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    172348 | PA      | $178435.73    | 0.00%             | 2053-12-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| United States of America                                      | U S TREASURY BOND                                  | CUSIP: 912810UQ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  66208000 | PA      | $63859685.00  | 1.23%             | 2045-11-15      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426JA58<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    606058 | PA      | $640207.81    | 0.01%             | 2055-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| RCKT MORTGAGE TRUST                                           | RCKT MORTGAGE TRUST 2021 3                         | CUSIP: 74938DBB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2839510 | PA      | $2340932.20   | 0.04%             | 2051-07-25      | Fixed         | 2.50%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140QNT44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2733646 | PA      | $2306013.78   | 0.04%             | 2052-03-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213ACG7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      9942 | PA      | $10076.19     | 0.00%             | 2032-02-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140X4D60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    760525 | PA      | $719421.18    | 0.01%             | 2049-05-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WADT2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     92694 | PA      | $97571.57     | 0.00%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| BROADCOM INC.                                                 | BROADCOM INC                                       | CUSIP: 11135FBQ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |  14123000 | PA      | $11802010.22  | 0.23%             | 2036-11-15      | Fixed         | 3.19%                 | Yes           | 2                  | On Loan: No      |
| EDEN RE II LTD                                                | EDEN RE II LTD                                     | CUSIP: 27954UAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     35000 | PA      | $123152.40    | 0.00%             | 2028-03-17      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202FGY6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      5298 | PA      | $5411.95      | 0.00%             | 2040-06-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| United States of America                                      | U S TREASURY NOTE                                  | CUSIP: 91282CLM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  42000000 | PA      | $41204296.98  | 0.79%             | 2031-09-30      | Fixed         | 3.62%                 | No            | 2                  | On Loan: No      |
| SKYLINE RE LTD                                                | SKYLINE RE LTD                                     | CUSIP: 83087AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $499350.00    | 0.01%             | 2033-01-07      | Floating      | 7.16%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179RB24<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     54814 | PA      | $55519.59     | 0.00%             | 2045-04-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179RTC3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     29948 | PA      | $30298.68     | 0.00%             | 2045-11-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WGFT7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    167339 | PA      | $173991.33    | 0.00%             | 2054-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 21H052645<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  28000000 | PA      | $28178324.72  | 0.54%             | 2056-04-20      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179NTF5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     35270 | PA      | $34866.04     | 0.00%             | 2043-11-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202D4P3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     35299 | PA      | $36365.41     | 0.00%             | 2034-03-20      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201TQW0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     15346 | PA      | $15555.81     | 0.00%             | 2033-05-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202D3W9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4710 | PA      | $4744.89      | 0.00%             | 2034-02-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B0P28<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    143534 | PA      | $151701.47    | 0.00%             | 2055-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426FVG9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.02         | 0.00%             | 2055-03-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| LINCOLN FINANCIAL GLOBAL FUNDING                              | LINCOLN FINANCIAL GLOBAL FUNDING                   | CUSIP: 53359KAD3<br>LEI: 984500OC010458395923 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2175388.60   | 0.04%             | 2029-01-12      | Fixed         | 4.20%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DMB4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       936 | PA      | $964.09       | 0.00%             | 2031-03-20      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201JEQ8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1818 | PA      | $1872.72      | 0.00%             | 2032-04-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36177Q7M9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    228467 | PA      | $214675.44    | 0.00%             | 2042-10-15      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140A3B77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    289437 | PA      | $296587.13    | 0.01%             | 2054-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140X64P3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    119136 | PA      | $110742.50    | 0.00%             | 2040-06-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST                                | MORGAN STANLEY CAPITAL I TRUST 2018 MP             | CUSIP: 61691DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6330000 | PA      | $5851624.18   | 0.11%             | 2040-07-11      | Variable      | 4.42%                 | Yes           | 2                  | On Loan: No      |
| CNO FINANCIAL GROUP, INC.                                     | CNO FINANCIAL GROUP INC                            | CUSIP: 12621EAM5<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | DBT              | CORP              | US        |   2125000 | PA      | $2192716.74   | 0.04%             | 2034-06-15      | Fixed         | 6.45%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200NRJ2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     13622 | PA      | $13736.70     | 0.00%             | 2034-04-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XHZ67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4166587 | PA      | $4153564.94   | 0.08%             | 2052-08-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EC31<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7195 | PA      | $7253.37      | 0.00%             | 2035-03-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Kilimanjaro II Re Limited                                     | KILIMANJARO II RE LTD                              | CUSIP: 49407QAQ1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $514800.00    | 0.01%             | 2033-07-08      | Variable      | 5.24%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38382WZF7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   2700378 | PA      | $436107.80    | 0.01%             | 2051-08-20      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200NYP0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     55496 | PA      | $56988.88     | 0.00%             | 2034-07-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425VQU0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     92374 | PA      | $95599.23     | 0.00%             | 2054-12-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C06Z0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    288581 | PA      | $298387.99    | 0.01%             | 2053-04-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36225BYC6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     37548 | PA      | $39018.45     | 0.00%             | 2033-03-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213FPJ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     82444 | PA      | $84220.98     | 0.00%             | 2033-03-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| LOEWS CORPORATION                                             | LOEWS CORP                                         | CUSIP: 540424AU2<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | DBT              | CORP              | US        |  10505000 | PA      | $10280269.90  | 0.20%             | 2036-04-01      | Fixed         | 4.94%                 | No            | 2                  | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                         | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2026 1250B   | CUSIP: 949939AC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1890000 | PA      | $1871876.60   | 0.04%             | 2041-03-10      | Variable      | 5.14%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201MTW2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     16413 | PA      | $16658.79     | 0.00%             | 2032-12-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140QM4F8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1229132 | PA      | $1061696.03   | 0.02%             | 2052-01-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202D4R9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     10789 | PA      | $11205.81     | 0.00%             | 2034-03-20      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING                                | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC           | CUSIP: 05377RJA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1025467.90   | 0.02%             | 2030-06-20      | Fixed         | 6.48%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133BB4Q9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.01         | 0.00%             | 2052-05-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425YY35<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     91028 | PA      | $95654.71     | 0.00%             | 2055-01-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                 | FORD MOTOR CREDIT CO LLC                           | CUSIP: 345397C68<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   3140000 | PA      | $3312483.50   | 0.06%             | 2030-03-06      | Fixed         | 7.35%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C92G7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    165896 | PA      | $172937.07    | 0.00%             | 2053-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XNNZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2824423 | PA      | $2650338.71   | 0.05%             | 2048-01-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| SOHO TRUST                                                    | SOHO TRUST 2021 SOHO                               | CUSIP: 83410JAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2375000 | PA      | $1961735.99   | 0.04%             | 2038-08-10      | Variable      | 2.79%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36225BEG9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4679 | PA      | $4775.55      | 0.00%             | 2029-05-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W8AM5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     53576 | PA      | $57257.34     | 0.00%             | 2054-03-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B4YS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    208900 | PA      | $220014.88    | 0.00%             | 2055-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| CREDIT AGRICOLE SA                                            | CREDIT AGRICOLE SA                                 | CUSIP: 22535WAU1<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   9950000 | PA      | $9733673.37   | 0.19%             | 2037-01-12      | Fixed         | 5.26%                 | Yes           | 2                  | On Loan: No      |
| FARMERS EXCHANGE CAPITAL III                                  | FARMERS EXCHANGE CAPITAL III                       | CUSIP: 30958QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10400000 | PA      | $9393221.76   | 0.18%             | 2054-10-15      | Fixed         | 5.45%                 | Yes           | 2                  | On Loan: No      |
| MYSTIC RE IV LTD                                              | MYSTIC RE IV LTD                                   | CUSIP: 62865LAE7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1531200.00   | 0.03%             | 2031-01-08      | Variable      | 15.85%                | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201KHW9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1763 | PA      | $1828.56      | 0.00%             | 2032-11-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| FIGRE TRUST                                                   | FIGRE TRUST 2025 HE2                               | CUSIP: 31684KAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3267406 | PA      | $3288237.14   | 0.06%             | 2055-03-25      | Variable      | 5.78%                 | Yes           | 2                  | On Loan: No      |
| CSMC TRUST                                                    | CSMC 2021 RPL2TRUST                                | CUSIP: 12656TAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2350000 | PA      | $1757069.86   | 0.03%             | 2060-01-25      | Variable      | 3.25%                 | Yes           | 2                  | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST                           | EXETER AUTOMOBILE RECEIVABLES TRUST 2023 5         | CUSIP: 30168DAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11290000 | PA      | $11576090.86  | 0.22%             | 2030-02-15      | Fixed         | 7.13%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425VUX9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7343152 | PA      | $7301473.80   | 0.14%             | 2054-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DV32<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     16065 | PA      | $16731.12     | 0.00%             | 2033-01-20      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XNN83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3157530 | PA      | $3190983.33   | 0.06%             | 2044-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179UGD8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    380234 | PA      | $374128.91    | 0.01%             | 2048-11-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC                               | HERTZ VEHICLE FINANCING III LLC                    | CUSIP: 42806MCN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4585000 | PA      | $4697805.21   | 0.09%             | 2031-01-27      | Fixed         | 6.70%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 3137FUPG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3418511 | PA      | $628036.96    | 0.01%             | 2050-06-25      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132HMRK9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    396446 | PA      | $363701.89    | 0.01%             | 2042-09-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| PHOENIX 3 RE PTE. LTD.                                        | PHOENIX 3 RE PTE LTD                               | CUSIP: N/A<br>LEI: 254900KZ3HFPS3H5FZ50       | Long             | DBT              | CORP              | SG        |   1250000 | PA      | $1524250.00   | 0.03%             | 2039-01-04      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201GWG6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     23785 | PA      | $24753.22     | 0.00%             | 2034-09-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36200Q3L6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4141 | PA      | $4247.75      | 0.00%             | 2032-02-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3128MJHU7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     14785 | PA      | $15529.74     | 0.00%             | 2038-01-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XNNS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  26159418 | PA      | $22435616.28  | 0.43%             | 2052-01-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DQN36<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2490940 | PA      | $2233726.60   | 0.04%             | 2052-08-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31374TYD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        69 | PA      | $70.13        | 0.00%             | 2029-09-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201TN94<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     10545 | PA      | $10688.41     | 0.00%             | 2033-05-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| TOYOTA MOTOR CREDIT CORPORATION                               | TOYOTA MOTOR CREDIT CORP                           | CUSIP: 89236TPS8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   7030000 | PA      | $6921428.26   | 0.13%             | 2033-03-11      | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C64M8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    233233 | PA      | $234408.28    | 0.00%             | 2053-07-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CSHL8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    475880 | PA      | $494291.39    | 0.01%             | 2054-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426FU21<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    356786 | PA      | $354035.56    | 0.01%             | 2055-03-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NM5Z6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    984110 | PA      | $997612.63    | 0.02%             | 2053-07-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201JF61<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       398 | PA      | $405.36       | 0.00%             | 2032-05-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202D6D8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6839 | PA      | $6892.15      | 0.00%             | 2034-06-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132HPET7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     11708 | PA      | $11302.21     | 0.00%             | 2042-11-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W8M26<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     39848 | PA      | $41453.80     | 0.00%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140ATU53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    257025 | PA      | $269421.46    | 0.01%             | 2054-12-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| SEQUOIA MORTGAGE TRUST                                        | SEQUOIA MORTGAGE TRUST 2018 CH3                    | CUSIP: 81746WAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8513 | PA      | $8485.15      | 0.00%             | 2048-08-25      | Variable      | 4.50%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AJDV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    321090 | PA      | $333330.67    | 0.01%             | 2054-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NEGS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1186378 | PA      | $1211820.32   | 0.02%             | 2053-04-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179UZW5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     42130 | PA      | $42531.15     | 0.00%             | 2049-09-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AVSB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    586162 | PA      | $595386.29    | 0.01%             | 2054-12-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| FREMF MORTGAGE TRUST                                          | FREMF 2019 KS12 MORTGAGE TRUST                     | CUSIP: 30311XAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4913137 | PA      | $4837823.65   | 0.09%             | 2029-08-25      | Floating      | 5.47%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XNNM2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9819262 | PA      | $8473868.44   | 0.16%             | 2050-08-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| JPMDB COMMERCIAL MORTGAGE SECURITIES TRUST                    | JPMDB COMMERCIAL MORTGAGE SECURITIES TRUST 2018 C8 | CUSIP: 46591ABD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  45714000 | PA      | $136063.15    | 0.00%             | 2051-06-15      | Variable      | 0.12%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140ADBK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    128469 | PA      | $133575.07    | 0.00%             | 2054-06-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36212HFP0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2322 | PA      | $2393.71      | 0.00%             | 2032-05-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140MGLY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1920590 | PA      | $1627086.49   | 0.03%             | 2052-02-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Locke Tavern Re Ltd.                                          | LOCKE TAVERN RE LTD                                | CUSIP: 539694AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1000000.00   | 0.02%             | 2026-04-09      | Variable      | 8.76%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140QKT73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1578949 | PA      | $1365244.88   | 0.03%             | 2046-05-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NNH73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    112786 | PA      | $116703.35    | 0.00%             | 2053-07-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EG29<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       724 | PA      | $735.24       | 0.00%             | 2036-02-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| IMPERIAL BRANDS FINANCE PLC                                   | IMPERIAL BRANDS FINANCE PLC                        | CUSIP: 45262BAG8<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |  15890000 | PA      | $16297482.37  | 0.31%             | 2030-02-01      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| TOWD POINT MORTGAGE TRUST                                     | TOWD POINT MORTGAGE TRUST 2019 3                   | CUSIP: 89177LBE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $8016657.00   | 0.15%             | 2059-02-25      | Variable      | 3.25%                 | Yes           | 2                  | On Loan: No      |
| GLENEAGLES RE 2022                                            | GLENEAGLES RE 2022                                 | CUSIP: S00397026<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1250000 | PA      | $44250.00     | 0.00%             | 2027-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202FDX1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     64261 | PA      | $65245.98     | 0.00%             | 2040-01-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C64J5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    257329 | PA      | $259524.58    | 0.00%             | 2053-07-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| OCWEN LOAN INVESTMENT TRUST                                   | ONITY LOAN INVESTMENT TRUST 2024 HB2               | CUSIP: 68278DAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4740000 | PA      | $4672214.21   | 0.09%             | 2037-08-25      | Variable      | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CTFU8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1937437 | PA      | $2008557.93   | 0.04%             | 2054-09-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE, LLC                      | VOLKSWAGEN GROUP OF AMERICA FINANCE LLC            | CUSIP: 928668CS9<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   4699000 | PA      | $4696243.47   | 0.09%             | 2035-03-27      | Fixed         | 5.80%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NM6G7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2474564 | PA      | $2527652.87   | 0.05%             | 2053-07-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE TRUST                       | SALUDA GRADE ALTERNATIVE MORTGAGE TRUST 2021 FIG2  | CUSIP: 79582DAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7321364 | PA      | $6969990.78   | 0.13%             | 2051-10-25      | Variable      | 3.50%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XJ7C1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    377865 | PA      | $400166.66    | 0.01%             | 2053-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| FREMF MORTGAGE TRUST                                          | FREMF MORTGAGE TRUST                               | CUSIP: 30312FAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1210940 | PA      | $1166132.55   | 0.02%             | 2027-10-25      | Variable      | 7.60%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179QT68<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    640358 | PA      | $632879.02    | 0.01%             | 2044-11-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| THE WILLIAMS COMPANIES, INC.                                  | WILLIAMS COS INC                                   | CUSIP: 969457BD1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   2270000 | PA      | $2570578.10   | 0.05%             | 2031-06-15      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36184QTQ7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    511083 | PA      | $490076.36    | 0.01%             | 2045-04-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425VTW3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.01         | 0.00%             | 2054-12-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| HOA ROYALTYCO LLC                                             | HOA ROYALTYCO LLC                                  | CUSIP: 403962AB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5813444 | PA      | $1222824.81   | 0.02%             | 2055-11-22      | Fixed         | 4.72%                 | Yes           | 3                  | On Loan: No      |
| Cape Lookout Re Ltd.                                          | CAPE LOOKOUT RE LTD                                | CUSIP: 13947LAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1950000 | PA      | $1955850.00   | 0.04%             | 2030-04-28      | Variable      | 10.68%                | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36295YY64<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     23036 | PA      | $22839.70     | 0.00%             | 2038-04-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| COMMONWEALTH RE LTD                                           | COMMONWEALTH RE LTD                                | CUSIP: 203235AB2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2500000 | PA      | $2512750.00   | 0.05%             | 2030-07-08      | Floating      | 7.40%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425UQ99<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    348865 | PA      | $356965.34    | 0.01%             | 2054-12-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| State of Kuwait                                               | KUWAIT INTERNATIONAL GOVERNMENT BOND               | CUSIP: 501499AF4<br>LEI: 549300FSC1YD0D9XX589 | Long             | DBT              | NUSS              | KW        |  12015000 | PA      | $11536510.55  | 0.22%             | 2035-10-09      | Fixed         | 4.65%                 | Yes           | 2                  | On Loan: No      |
| AREIT LTD.                                                    | AREIT 2022 CRE6 TRUST                              | CUSIP: 04002VAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4360000 | PA      | $4290837.32   | 0.08%             | 2037-01-20      | Floating      | 6.52%                 | Yes           | 2                  | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST                        | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024 2      | CUSIP: 80286YAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5080000 | PA      | $5223678.66   | 0.10%             | 2031-08-15      | Fixed         | 6.28%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140MQBE8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4481053 | PA      | $4111821.24   | 0.08%             | 2052-06-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WFZF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    275764 | PA      | $290007.31    | 0.01%             | 2054-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B2RU0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    110285 | PA      | $117630.19    | 0.00%             | 2055-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| GAMBOGE RE 2024                                               | GAMBOGE RE 2024                                    | CUSIP: S00625882<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6000000 | PA      | $2791200.00   | 0.05%             | 2030-03-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133KN6N8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2885442 | PA      | $2441786.72   | 0.05%             | 2052-04-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B16Q4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     51665 | PA      | $54389.33     | 0.00%             | 2055-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED                  | PUBLIC SERVICE ENTERPRISE GROUP INC                | CUSIP: 744573BB1<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2828489.41   | 0.05%             | 2035-03-15      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31401XH83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13172 | PA      | $13272.85     | 0.00%             | 2033-07-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| GENERAL MOTORS FINANCIAL COMPANY, INC.                        | GENERAL MOTORS FINANCIAL CO INC                    | CUSIP: 37045XDS2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1605000 | PA      | $1439997.48   | 0.03%             | 2032-01-12      | Fixed         | 3.10%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200NQU8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2064 | PA      | $2083.00      | 0.00%             | 2034-09-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| TOWD POINT MORTGAGE TRUST                                     | TOWD POINT MORTGAGE TRUST 2021 R1                  | CUSIP: 89179TAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10360339 | PA      | $9319993.34   | 0.18%             | 2060-11-30      | Variable      | 3.01%                 | Yes           | 2                  | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BRANCH                              | DEUTSCHE BANK AG NEW YORK NY                       | CUSIP: 251526DD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4020000 | PA      | $3952599.92   | 0.08%             | 2031-12-10      | Fixed         | 4.47%                 | No            | 2                  | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                       | HYUNDAI CAPITAL AMERICA                            | CUSIP: 44891ACE5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   8805000 | PA      | $9092556.86   | 0.17%             | 2030-04-01      | Fixed         | 5.80%                 | Yes           | 2                  | On Loan: No      |
| ARBOR REALTY COMMERCIAL REAL ESTATE NOTES LTD                 | ARBOR REALTY COLLATERALIZED LOAN OBLIGATION LTD    | CUSIP: 03881UAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1480000 | PA      | $1488438.07   | 0.03%             | 2041-01-18      | Floating      | 7.36%                 | Yes           | 2                  | On Loan: No      |
| AKER BP ASA                                                   | AKER BP ASA                                        | CUSIP: 00973RAQ6<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |   8160000 | PA      | $7935248.63   | 0.15%             | 2035-10-30      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| Gateway Re Ltd.                                               | GATEWAY RE LTD                                     | CUSIP: 36779CAG1<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $254050.00    | 0.00%             | 2031-07-08      | Variable      | 9.42%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36209SAN1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       598 | PA      | $606.07       | 0.00%             | 2030-12-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORPORATION                                   | BANK OF AMERICA CORP                               | CUSIP: 06055H202<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |    205511 | NS      | $4145156.87   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| HUNTINGTON BANK AUTO CREDIT-LINKED NOTES                      | HUNTINGTON BANK AUTO CREDIT LINKED NOTES SERIES 20 | CUSIP: 44644NAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    698147 | PA      | $704383.19    | 0.01%             | 2032-05-20      | Floating      | 6.82%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179QYS4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    161670 | PA      | $152231.17    | 0.00%             | 2045-01-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| CAPITAL ONE FINANCIAL CORPORATION                             | CAPITAL ONE FINANCIAL CO                           | CUSIP: 14040HCG8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   9455000 | PA      | $8151057.83   | 0.16%             | 2032-07-29      | Fixed         | 2.36%                 | No            | 2                  | On Loan: No      |
| FREEDOM MORTGAGE HOLDINGS LLC                                 | FREEDOM MORTGAGE HOLDINGS LLC                      | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   5845000 | PA      | $5941442.50   | 0.11%             | 2031-05-15      | Fixed         | 9.12%                 | Yes           | 2                  | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                 | FORD MOTOR CREDIT CO LLC                           | CUSIP: 345397G98<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   5430000 | PA      | $5572148.77   | 0.11%             | 2032-03-19      | Fixed         | 6.53%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C84A0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2252930 | PA      | $2373743.93   | 0.05%             | 2053-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CQDQ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    179170 | PA      | $189441.63    | 0.00%             | 2054-07-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| United States of America                                      | U S TREASURY NOTE                                  | CUSIP: 91282CGH8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  27410500 | PA      | $27254174.63  | 0.52%             | 2028-01-31      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| BNP PARIBAS SA                                                | BNP PARIBAS SA                                     | CUSIP: 09659W2R4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   7275000 | PA      | $6853465.18   | 0.13%             | 2029-09-15      | Fixed         | 2.16%                 | Yes           | 2                  | On Loan: No      |
| MOSAIC SOLAR LOAN TRUST                                       | MOSAIC SOLAR LOAN TRUST 2020 1                     | CUSIP: 61946NAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    488506 | PA      | $430718.10    | 0.01%             | 2046-04-20      | Fixed         | 2.10%                 | Yes           | 2                  | On Loan: No      |
| Element Fleet Management Corp.                                | ELEMENT FLEET MANAGEMENT CORP                      | CUSIP: 286181AP7<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |  10900000 | PA      | $11000316.19  | 0.21%             | 2030-03-25      | Fixed         | 5.04%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36291RNU2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     34191 | PA      | $35273.57     | 0.00%             | 2034-11-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36186PNV2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    102932 | PA      | $97857.71     | 0.00%             | 2045-07-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| METHANEX US OPERATIONS INC.                                   | METHANEX US OPERATIONS INC                         | CUSIP: 59151LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7361000 | PA      | $7530788.83   | 0.14%             | 2032-03-15      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201VYZ9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      8191 | PA      | $8401.36      | 0.00%             | 2032-08-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NDHG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    980058 | PA      | $988975.37    | 0.02%             | 2053-04-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179QPH8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     51313 | PA      | $49279.46     | 0.00%             | 2044-09-20      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| BAYVIEW COMMERCIAL ASSET TRUST                                | BAYVIEW COMMERCIAL ASSET TRUST 2007 2              | CUSIP: 07325XAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1513344 | PA      | $0.02         | 0.00%             | 2037-07-25      | Variable      | 4.13%                 | Yes           | 3                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418EAB6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  15985104 | PA      | $13893149.13  | 0.27%             | 2041-12-01      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| AQUA FINANCE TRUST                                            | AQUA FINANCE TRUST 2020 A                          | CUSIP: 038413AC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1350925 | PA      | $1305046.97   | 0.03%             | 2046-07-17      | Fixed         | 3.97%                 | Yes           | 2                  | On Loan: No      |
| FIGRE TRUST                                                   | FIGRE TRUST 2024 HE3                               | CUSIP: 31684GAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9580298 | PA      | $9710269.42   | 0.19%             | 2054-07-25      | Fixed         | 5.94%                 | Yes           | 2                  | On Loan: No      |
| MORGAN STANLEY                                                | MORGAN STANLEY                                     | CUSIP: 61747YFK6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   5285000 | PA      | $5359331.99   | 0.10%             | 2030-01-16      | Fixed         | 5.17%                 | No            | 2                  | On Loan: No      |
| DANAOS CORPORATION                                            | DANAOS CORP                                        | CUSIP: 23585WAC8<br>LEI: 734IM3DNDNT36T7YTD24 | Long             | DBT              | CORP              | MH        |   5325000 | PA      | $5410775.10   | 0.10%             | 2032-10-15      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DYZ8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     12330 | PA      | $12570.99     | 0.00%             | 2033-08-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Merna Re Companywide Ltd.                                     | MERNA REINSURANCE II LTD                           | CUSIP: 59013FAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1041900.00   | 0.02%             | 2033-07-07      | Variable      | 10.59%                | Yes           | 2                  | On Loan: No      |
| TALEN ENERGY SUPPLY, LLC                                      | TALEN ENERGY SUPPLY LLC                            | CUSIP: 87422VAN8<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   4670000 | PA      | $4702366.51   | 0.09%             | 2036-02-01      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| CNO GLOBAL FUNDING                                            | CNO GLOBAL FUNDING                                 | CUSIP: 18977W2C3<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |  12306000 | PA      | $11657356.52  | 0.22%             | 2029-01-06      | Fixed         | 2.65%                 | Yes           | 2                  | On Loan: No      |
| Kilimanjaro II Re Limited                                     | KILIMANJARO II RE LTD                              | CUSIP: 49407QAR9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    750000 | PA      | $765075.00    | 0.01%             | 2033-07-08      | Variable      | 7.74%                 | Yes           | 2                  | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                 | FORD MOTOR CREDIT CO LLC                           | CUSIP: 345397E66<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1269000 | PA      | $1256748.69   | 0.02%             | 2034-03-08      | Fixed         | 6.12%                 | No            | 2                  | On Loan: No      |
| LA HIPOTECARIA EL SALVADORIAN MORTGAGE TRUST                  | LA HIPOTECARIA EL SALVADORIAN MORTGAGE TRUST 2016  | CUSIP: 50346VAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    854534 | PA      | $798989.22    | 0.02%             | 2046-01-15      | Fixed         | 3.36%                 | Yes           | 2                  | On Loan: No      |
| CITIZENS FINANCIAL GROUP, INC.                                | CITIZENS FINANCIAL GROUP INC                       | CUSIP: 174610BK0<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    685000 | PA      | $678833.25    | 0.01%             | 2036-01-29      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DRT0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       449 | PA      | $447.02       | 0.00%             | 2032-02-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| HERC HOLDINGS INC.                                            | HERC HOLDINGS INC                                  | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   2595000 | PA      | $2659205.49   | 0.05%             | 2033-06-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 21H032647<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   5000000 | PA      | $4585276.65   | 0.09%             | 2056-04-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36225BHE1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4462 | PA      | $4532.04      | 0.00%             | 2028-11-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213FVM2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2653 | PA      | $2710.16      | 0.00%             | 2033-06-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XNPB4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    715927 | PA      | $732960.19    | 0.01%             | 2053-04-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION G1        | CUSIP: 36225BNR5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3587 | PA      | $3726.22      | 0.00%             | 2031-06-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WALS5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     27010 | PA      | $28568.66     | 0.00%             | 2054-04-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36292FSB4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     20984 | PA      | $22224.58     | 0.00%             | 2035-07-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31417EF97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     74421 | PA      | $65996.97     | 0.00%             | 2042-12-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| METLIFE, INC.                                                 | METLIFE INC                                        | CUSIP: 59156RCR7<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   4330000 | PA      | $4249859.84   | 0.08%             | 2056-03-15      | Fixed         | 5.85%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426JM89<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    299055 | PA      | $312651.05    | 0.01%             | 2055-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| HEALTH CARE SERVICE CORP MUT LEG RES CO                       | HEALTH CARE SERVICE CORP A MUTUAL LEGAL RESERVE CO | CUSIP: 42218SAK4<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |   2570000 | PA      | $2606827.97   | 0.05%             | 2029-06-15      | Fixed         | 5.20%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200NMR9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7478 | PA      | $7631.15      | 0.00%             | 2034-06-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201TLS4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      5332 | PA      | $5373.18      | 0.00%             | 2033-03-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31409X4Y2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27708 | PA      | $28351.14     | 0.00%             | 2036-05-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620AQ2S1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1002 | PA      | $963.12       | 0.00%             | 2040-08-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179MS27<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     32961 | PA      | $33445.56     | 0.00%             | 2042-11-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| OLD NATIONAL BANCORP                                          | OLD NATIONAL BANCORP IN                            | CUSIP: 68003DAA3<br>LEI: 549300MMK90CL5KMVX16 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1025024.45   | 0.02%             | 2036-02-15      | Fixed         | 5.77%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426JA74<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    546946 | PA      | $565752.12    | 0.01%             | 2055-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36225BQF8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2769 | PA      | $2830.28      | 0.00%             | 2031-11-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| REACH ABS TRUST                                               | REACH ABS TRUST 2026 1                             | CUSIP: 75526XAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4313811 | PA      | $4314337.73   | 0.08%             | 2033-02-15      | Fixed         | 4.32%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201CZC1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3850 | PA      | $3869.58      | 0.00%             | 2032-03-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133BN5X7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    665006 | PA      | $691075.93    | 0.01%             | 2052-10-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Integrity Re III Ltd.                                         | INTEGRITY RE III LTD                               | CUSIP: 45870GAB2<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $765975.00    | 0.01%             | 2028-06-06      | Variable      | 11.19%                | Yes           | 2                  | On Loan: No      |
| CASCADE FUNDING MORTGAGE TRUST                                | CASCADE MH ASSET TRUST 2021 MH1                    | CUSIP: 14731QAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1906000 | PA      | $1532553.61   | 0.03%             | 2046-02-25      | Variable      | 3.69%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426CL93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     90023 | PA      | $95335.73     | 0.00%             | 2055-02-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213DYB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     10985 | PA      | $11260.04     | 0.00%             | 2031-08-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202FB47<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    112168 | PA      | $114714.67    | 0.00%             | 2039-10-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| FREDDIE MAC SEASONED CREDIT RISK TRANSFER TRUST               | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 35563PPH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2298678 | PA      | $2242275.10   | 0.04%             | 2059-08-25      | Variable      | 4.25%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31283HWM3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        15 | PA      | $15.64        | 0.00%             | 2033-01-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| HUNDRED ACRE WOOD TRUST                                       | HUNDRED ACRE WOOD TRUST 2021 INV1                  | CUSIP: 44590HBJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  48503594 | PA      | $652140.52    | 0.01%             | 2051-07-25      | Variable      | 0.23%                 | Yes           | 2                  | On Loan: No      |
| JetBlue Airways 2019-1 Pass Through Trusts                    | JETBLUE 2019 1 CLASS AA PASS THROUGH TRUST         | CUSIP: 477143AH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3427285 | PA      | $3037375.19   | 0.06%             | 2033-11-15      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY, INC.                         | AMERICAN ELECTRIC POWER CO INC                     | CUSIP: 02557TAF6<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   3435000 | PA      | $3404341.94   | 0.07%             | 2056-03-15      | Fixed         | 6.05%                 | No            | 2                  | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                                    | ALBERTSONS COS INC                                 | CUSIP: 01309QAC2<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   2735000 | PA      | $2704017.92   | 0.05%             | 2031-03-31      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| ARCHROCK SERVICES, L.P.                                       | ARCHROCK SERVICES LP                               | CUSIP: 03958CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1485094.59   | 0.03%             | 2034-02-01      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| BROADCOM INC.                                                 | BROADCOM INC                                       | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    978000 | PA      | $830894.97    | 0.02%             | 2035-11-15      | Fixed         | 3.14%                 | Yes           | 2                  | On Loan: No      |
| ALLY BANK AUTO CREDIT-LINKED NOTES                            | ALLY BANK AUTO CREDIT LINKED NOTES SERIES 2024 A   | CUSIP: 02007GZ71<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1432673 | PA      | $1453049.92   | 0.03%             | 2032-05-17      | Fixed         | 6.32%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138YGW81<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    492718 | PA      | $429877.86    | 0.01%             | 2045-04-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| GLS AUTO RECEIVABLES TRUST                                    | GLS AUTO RECEIVABLES ISSUER TRUST 2025 2           | CUSIP: 37989BAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2730000 | PA      | $2769382.43   | 0.05%             | 2031-01-15      | Fixed         | 5.59%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36198VMG9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    389723 | PA      | $373535.11    | 0.01%             | 2044-09-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Residential Reinsurance 2023 Limited                          | RESIDENTIAL REINSURANCE 2023 LTD                   | CUSIP: 76090WAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2500000 | PA      | $2585750.00   | 0.05%             | 2030-12-06      | Variable      | 12.09%                | Yes           | 2                  | On Loan: No      |
| LOCKE TAVERN RE LTD                                           | LOCKE TAVERN RE LTD                                | CUSIP: 539694AB5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $499500.00    | 0.01%             | 2033-04-11      | Floating      | 6.79%                 | Yes           | 2                  | On Loan: No      |
| BASIN ELECTRIC POWER COOPERATIVE                              | BASIN ELECTRIC POWER COOPERATIVE                   | CUSIP: 070101AJ9<br>LEI: 5493002CLOJ5KYT5GB16 | Long             | DBT              | CORP              | US        |   4445000 | PA      | $4323310.79   | 0.08%             | 2055-10-15      | Fixed         | 5.85%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31425YN94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     82306 | PA      | $86763.68     | 0.00%             | 2055-01-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36202CW82<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1077 | PA      | $1108.79      | 0.00%             | 2027-08-20      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138MF4D6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    110231 | PA      | $104402.12    | 0.00%             | 2042-12-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179WLU0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     14891 | PA      | $15007.68     | 0.00%             | 2051-08-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| GALILEO RE LTD                                                | GALILEO RE LTD                                     | CUSIP: 36354TAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1250000 | PA      | $1292500.00   | 0.02%             | 2032-01-07      | Floating      | 10.52%                | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202C4P5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3093 | PA      | $3212.20      | 0.00%             | 2028-08-20      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| HOME PARTNERS OF AMERICA TRUST                                | HOME PARTNERS OF AMERICA 2019 1 TRUST              | CUSIP: 43731QAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2858179 | PA      | $2786496.67   | 0.05%             | 2039-09-17      | Fixed         | 3.41%                 | Yes           | 2                  | On Loan: No      |
| ALAMO RE LTD.                                                 | ALAMO RE LTD                                       | CUSIP: 011395AP5<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $258750.00    | 0.00%             | 2027-06-07      | Variable      | 11.60%                | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31387CE72<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       182 | PA      | $188.63       | 0.00%             | 2031-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31416M3A0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    421764 | PA      | $408906.01    | 0.01%             | 2039-04-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36183XRD4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    733474 | PA      | $697580.89    | 0.01%             | 2045-03-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 3137F8M83<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2139177 | PA      | $445430.08    | 0.01%             | 2050-12-25      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133BXW72<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1230975 | PA      | $1254853.76   | 0.02%             | 2053-03-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Banque africaine de developpement                             | AFRICAN DEVELOPMENT BANK                           | CUSIP: 008281BK2<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              |  | CI        |   7115000 | PA      | $6929716.29   | 0.13%             | 2199-12-31      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AAKY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     52886 | PA      | $55303.32     | 0.00%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AGB86<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    304797 | PA      | $316797.70    | 0.01%             | 2054-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST                           | CONNECTICUT AVENUE SECURITIES TRUST 2024 R05       | CUSIP: 20754XAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2392595 | PA      | $2396141.99   | 0.05%             | 2044-07-25      | Floating      | 5.36%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202FEJ1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       808 | PA      | $821.35       | 0.00%             | 2040-02-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| UNITED AIRLINES, INC.                                         | UNITED AIRLINES 2024 1 CLASS A PASS THROUGH TRUST  | CUSIP: 90932WAA1<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   3290715 | PA      | $3353069.77   | 0.06%             | 2038-08-15      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| THERMO FISHER SCIENTIFIC INCORPORATED                         | THERMO FISHER SCIENTIFIC INC                       | CUSIP: 883556DH2<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2766501.70   | 0.05%             | 2033-06-15      | Fixed         | 4.55%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NBXS5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    249268 | PA      | $259219.00    | 0.00%             | 2053-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DSDG4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1407991 | PA      | $1429149.63   | 0.03%             | 2053-04-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| PRESTIGE AUTO RECEIVABLES TRUST                               | PRESTIGE AUTO RECEIVABLES TRUST 2024 2             | CUSIP: 74113SAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4850000 | PA      | $4811724.77   | 0.09%             | 2030-07-15      | Fixed         | 5.15%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201C5U4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     10107 | PA      | $10314.90     | 0.00%             | 2032-03-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| JBS USA Holding Lux S.a r.l.                                  | JBS USA HOLD FOOD LUX CO                           | CUSIP: 46590XAP1<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |   1654000 | PA      | $1469806.76   | 0.03%             | 2032-05-15      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| MUTUAL OF OMAHA COMPANIES GLOBAL FUNDING                      | MUTUAL OF OMAHA COS GLOBAL FUNDING                 | CUSIP: 62829D2F6<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |   5670000 | PA      | $5705743.74   | 0.11%             | 2030-04-01      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201H5Z2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     52784 | PA      | $53245.39     | 0.00%             | 2032-12-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38382CAZ4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   8895634 | PA      | $133596.40    | 0.00%             | 2050-01-20      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| STWD MORTGAGE TRUST                                           | STWD 2022 FL3 LTD                                  | CUSIP: 78485KAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10345000 | PA      | $10344937.93  | 0.20%             | 2038-11-15      | Floating      | 5.62%                 | Yes           | 2                  | On Loan: No      |
| United States of America                                      | U S TREASURY NOTE                                  | CUSIP: 91282CPZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 136000000 | PA      | $133875000.00 | 2.57%             | 2036-02-15      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NGYG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    218732 | PA      | $229240.49    | 0.00%             | 2053-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36225BXY9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       496 | PA      | $513.86       | 0.00%             | 2033-01-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38382PZN5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1792887 | PA      | $234608.42    | 0.00%             | 2051-03-20      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| CROCKETT PARTNERS EQUIPMENT COMPANY IIA LLC                   | CROCKETT PARTNERS EQUIPMENT CO IIA LLC             | CUSIP: 22689LAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4077273 | PA      | $4125004.96   | 0.08%             | 2031-01-20      | Fixed         | 6.05%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202FVH6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     19141 | PA      | $19470.06     | 0.00%             | 2041-07-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CQE50<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1474702 | PA      | $1530845.88   | 0.03%             | 2054-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36210AMQ7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       132 | PA      | $134.29       | 0.00%             | 2028-08-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36291UEC5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     22846 | PA      | $23533.02     | 0.00%             | 2035-02-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| MPLX LP                                                       | MPLX LP                                            | CUSIP: 55336VCE8<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   5315000 | PA      | $5238964.14   | 0.10%             | 2036-04-01      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                 | FORD MOTOR CREDIT CO LLC                           | CUSIP: 345397G56<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  10795000 | PA      | $10891934.35  | 0.21%             | 2035-02-07      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DA68<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |        73 | PA      | $76.06        | 0.00%             | 2029-03-20      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AFPH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    919772 | PA      | $953038.09    | 0.02%             | 2054-06-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NMLN5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    204199 | PA      | $209571.46    | 0.00%             | 2053-06-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B2X90<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     91899 | PA      | $95108.77     | 0.00%             | 2055-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| READY CAPITAL MORTGAGE TRUST                                  | READYCAP COMMERCIAL MORTGAGE TRUST 2019 6          | CUSIP: 75575QAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     30451 | PA      | $30388.16     | 0.00%             | 2052-10-25      | Fixed         | 2.83%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201DJE3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2194 | PA      | $2225.21      | 0.00%             | 2032-04-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36208LXN2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1167 | PA      | $1186.36      | 0.00%             | 2028-04-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426G2T1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    755417 | PA      | $799721.02    | 0.02%             | 2055-03-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Four Lakes Re Ltd.                                            | FOUR LAKES RE LTD                                  | CUSIP: 35087TAH1<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $253200.00    | 0.00%             | 2028-01-07      | Variable      | 12.11%                | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426DC34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    556738 | PA      | $575590.54    | 0.01%             | 2055-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| MFA TRUST                                                     | MFA 2020 NQM1 TRUST                                | CUSIP: 552754AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     43868 | PA      | $42593.61     | 0.00%             | 2049-08-25      | Fixed         | 3.30%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36181CEE4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     19518 | PA      | $18641.55     | 0.00%             | 2044-03-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| AQUA FINANCE TRUST                                            | AQUA FINANCE TRUST 2019 A                          | CUSIP: 038370AC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2026991 | PA      | $1983905.76   | 0.04%             | 2040-07-16      | Fixed         | 4.01%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WCR48<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     72132 | PA      | $76111.14     | 0.00%             | 2054-05-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                 | FORD MOTOR CREDIT CO LLC                           | CUSIP: 345397G49<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   8160000 | PA      | $8261922.15   | 0.16%             | 2029-11-07      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202FDB9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    217754 | PA      | $215940.27    | 0.00%             | 2039-12-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| CNO GLOBAL FUNDING                                            | CNO GLOBAL FUNDING                                 | CUSIP: 18977W2G4<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1603730.64   | 0.03%             | 2027-12-10      | Fixed         | 4.88%                 | Yes           | 2                  | On Loan: No      |
| United States of America                                      | U S TREASURY BOND                                  | CUSIP: 912810TU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 136312900 | PA      | $128661273.88 | 2.47%             | 2043-08-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36211ETQ1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       337 | PA      | $341.90       | 0.00%             | 2029-06-15      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| Meiji Yasuda Life Insurance Company                           | MEIJI YASUDA LIFE INSURANCE CO                     | CUSIP: 585270AE1<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |  17390000 | PA      | $17405877.07  | 0.33%             | 2055-06-11      | Fixed         | 6.10%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426A3M8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     74935 | PA      | $79569.15     | 0.00%             | 2055-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36202DJA0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1966 | PA      | $2033.93      | 0.00%             | 2030-08-20      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| GULLANE RE LTD                                                | GULLANE RE LTD                                     | CUSIP: S00798811<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4819725 | PA      | $3796369.14   | 0.07%             | 2031-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST                                 | FREDDIE MAC STACR REMIC TRUST 2024 DNA3            | CUSIP: 35564NEY5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4061800 | PA      | $4063067.69   | 0.08%             | 2044-10-25      | Floating      | 4.71%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C04U3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    231774 | PA      | $239346.57    | 0.00%             | 2053-04-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| The Norinchukin Bank                                          | NORINCHUKIN BANK THE                               | CUSIP: 656029AP0<br>LEI: 5493007VSMFZCPV1NB83 | Long             | DBT              | CORP              | JP        |   2760000 | PA      | $2735768.03   | 0.05%             | 2030-09-09      | Fixed         | 4.67%                 | Yes           | 2                  | On Loan: No      |
| United States of America                                      | U S TREASURY NOTE                                  | CUSIP: 91282CPQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8814800 | PA      | $8687054.24   | 0.17%             | 2032-12-31      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 01F012445<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6000000 | PA      | $5392819.80   | 0.10%             | 2041-04-25      | Fixed         | 1.50%                 | No            | 2                  | On Loan: No      |
| Palm Re Ltd.                                                  | PALM RE LTD                                        | CUSIP: 69664FAB4<br>LEI: 984500D3C66DA10DAP11 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $772050.00    | 0.01%             | 2032-06-07      | Variable      | 11.67%                | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CSAA9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    105928 | PA      | $112300.06    | 0.00%             | 2054-08-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36291BXZ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     33355 | PA      | $33147.01     | 0.00%             | 2033-10-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36209KU97<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7345 | PA      | $7559.49      | 0.00%             | 2028-04-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202UA52<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2515 | PA      | $2525.39      | 0.00%             | 2033-06-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| HONEYWELL AEROSPACE INC.                                      | HONEYWELL AEROSPACE INC                            | CUSIP: 43849RAF2<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |   2570000 | PA      | $2540517.40   | 0.05%             | 2033-03-16      | Fixed         | 4.60%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31426BU87<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     72482 | PA      | $77417.71     | 0.00%             | 2055-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140W2XF3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2489162 | PA      | $2620633.83   | 0.05%             | 2054-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Easton Re Ltd                                                 | EASTON RE LTD                                      | CUSIP: 27777AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $252175.00    | 0.00%             | 2027-01-08      | Variable      | 11.19%                | Yes           | 2                  | On Loan: No      |
| COMMERCIAL METALS COMPANY                                     | COMMERCIAL METALS CO                               | CUSIP: 201723AV5<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |   2905000 | PA      | $2863881.18   | 0.06%             | 2035-12-15      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31292HZK3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     20712 | PA      | $21405.86     | 0.00%             | 2033-09-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179Q3M1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     40585 | PA      | $41032.76     | 0.00%             | 2045-02-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31402RDG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     31556 | PA      | $32734.02     | 0.00%             | 2035-04-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| PINE VALLEY RE LTD                                            | PINE VALLEY RE LTD                                 | CUSIP: S00805570<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $884070.00    | 0.02%             | 2031-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DQA2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2621 | PA      | $2708.37      | 0.00%             | 2031-10-20      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CQDM4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    247488 | PA      | $260116.78    | 0.00%             | 2054-07-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CQT47<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    331757 | PA      | $341837.04    | 0.01%             | 2054-08-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Vitality Re XVII Limited                                      | VITALITY RE XVII LTD                               | CUSIP: 92853KAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   3500000 | PA      | $3495100.00   | 0.07%             | 2030-01-08      | Floating      | 5.54%                 | Yes           | 2                  | On Loan: No      |
| ORACLE CORPORATION                                            | ORACLE CORP                                        | CUSIP: 68389XEC5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   6450000 | PA      | $5929626.90   | 0.11%             | 2066-02-04      | Fixed         | 6.85%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W9JJ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     50459 | PA      | $52296.16     | 0.00%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST                         | WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2024 2       | CUSIP: 96042YAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8730000 | PA      | $8904230.72   | 0.17%             | 2030-04-15      | Fixed         | 5.91%                 | Yes           | 2                  | On Loan: No      |
| ZF NORTH AMERICA CAPITAL, INC.                                | ZF NORTH AMERICA CAPITAL INC                       | CUSIP: 98877DAD7<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   2640000 | PA      | $2677759.92   | 0.05%             | 2028-04-14      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| SPRINGCASTLE FUNDING ASSET-BACKED NOTES                       | SPRINGCASTLE AMERICA FUNDING LLC                   | CUSIP: 85022WAP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1986703 | PA      | $1871785.58   | 0.04%             | 2037-09-25      | Fixed         | 1.97%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W7TF2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     56505 | PA      | $59732.85     | 0.00%             | 2054-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| FORD MOTOR COMPANY                                            | FORD MOTOR CO                                      | CUSIP: 345370DB3<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   3640000 | PA      | $3669825.18   | 0.07%             | 2032-08-19      | Fixed         | 6.10%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179TE43<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     50273 | PA      | $50998.87     | 0.00%             | 2047-08-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| AerCap Ireland Capital Designated Activity Company            | AERCAP IRELAND CAP DAC AERCAP GLoBAL AVIATION      | CUSIP: 00774MAX3<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |  26796000 | PA      | $24336817.46  | 0.47%             | 2032-01-30      | Fixed         | 3.30%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202XTP2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     19998 | PA      | $20577.77     | 0.00%             | 2035-06-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| AMUR EQUIPMENT FINANCE RECEIVABLES LLC                        | AMUR EQUIPMENT FINANCE RECEIVABLES XIII LLC        | CUSIP: 03237CAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1110000 | PA      | $1126168.70   | 0.02%             | 2031-01-21      | Fixed         | 5.55%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36210PUD4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       178 | PA      | $185.13       | 0.00%             | 2029-02-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36183E3W0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    125118 | PA      | $119511.43    | 0.00%             | 2045-01-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Banco Santander, S.A.                                         | BANCO SANTANDER SA                                 | CUSIP: 05964HAV7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   3200000 | PA      | $3453730.78   | 0.07%             | 2033-08-08      | Fixed         | 6.92%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B1AG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     90532 | PA      | $93561.53     | 0.00%             | 2055-01-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138XZSU6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    475712 | PA      | $412974.58    | 0.01%             | 2045-04-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION G1        | CUSIP: 36225AUH1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       124 | PA      | $124.14       | 0.00%             | 2027-06-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NRPK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    646366 | PA      | $672624.16    | 0.01%             | 2053-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200DBK8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     55898 | PA      | $56387.46     | 0.00%             | 2032-12-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| CITIZENS FINANCIAL GROUP, INC.                                | CITIZENS FINANCIAL GROUP INC                       | CUSIP: 174610BJ3<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   1920000 | PA      | $1942871.73   | 0.04%             | 2031-03-05      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Sanders Re II Ltd                                             | SANDERS RE II LTD                                  | CUSIP: 80001TAC1<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $768000.00    | 0.01%             | 2028-04-07      | Variable      | 8.12%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179UXW7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    119711 | PA      | $120826.57    | 0.00%             | 2049-08-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| FREMF MORTGAGE TRUST                                          | FREMF MORTGAGE TRUST                               | CUSIP: 30318WAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        | 110752153 | PA      | $402705.90    | 0.01%             | 2031-01-25      | Fixed         | 0.10%                 | Yes           | 2                  | On Loan: No      |
| Essential Utilities, Inc.                                     | ESSENTIAL UTILITIES INC                            | CUSIP: 29670GAL6<br>LEI: 549300ILTEOF3E3QY357 | Long             | DBT              | CORP              | US        |   2790000 | PA      | $2751032.74   | 0.05%             | 2036-03-15      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| ING Groep N.V.                                                | ING GROEP NV                                       | CUSIP: 456837AZ6<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |  10813000 | PA      | $9365629.13   | 0.18%             | 2199-12-31      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| INVITATION HOMES OPERATING PARTNERSHIP LP                     | INVITATION HOMES OPERATING PARTNERSHIP LP          | CUSIP: 46188BAH5<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4101602.02   | 0.08%             | 2033-01-15      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Mayflower Re Ltd.                                             | MAYFLOWER RE LTD                                   | CUSIP: 57839MAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1017400.00   | 0.02%             | 2028-07-07      | Variable      | 6.97%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36210A4U8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       693 | PA      | $706.91       | 0.00%             | 2029-02-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179W7K8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   9342527 | PA      | $8346750.88   | 0.16%             | 2052-06-20      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Merna Re II Ltd.                                              | MERNA REINSURANCE II LTD                           | CUSIP: 59013MAL6<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1035400.00   | 0.02%             | 2031-07-07      | Variable      | 11.63%                | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38383FMR1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1932890 | PA      | $250330.75    | 0.00%             | 2050-07-20      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| SEMPRA                                                        | SEMPRA                                             | CUSIP: 816851BV0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |  10820000 | PA      | $10771656.24  | 0.21%             | 2055-04-01      | Fixed         | 6.55%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AWZB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.01         | 0.00%             | 2054-12-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200A3A5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     69070 | PA      | $71605.28     | 0.00%             | 2035-07-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3128MMSR5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    230786 | PA      | $227100.19    | 0.00%             | 2029-10-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| LENNAR CORPORATION                                            | LENNAR CORP                                        | CUSIP: 526057CY8<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7994351.75   | 0.15%             | 2030-07-30      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140B44F4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    593268 | PA      | $615974.03    | 0.01%             | 2055-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 21H062644<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  24000000 | PA      | $24941541.12  | 0.48%             | 2056-04-20      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| CIM TRUST                                                     | CIM TRUST 2020 R2                                  | CUSIP: 12558WAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5170000 | PA      | $4036885.41   | 0.08%             | 2059-10-25      | Variable      | 3.00%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36292CFL3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6480 | PA      | $6674.69      | 0.00%             | 2035-10-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36225A3W8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       688 | PA      | $700.51       | 0.00%             | 2028-06-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EET2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       705 | PA      | $701.28       | 0.00%             | 2035-08-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140BGBX0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    197830 | PA      | $196512.29    | 0.00%             | 2055-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133C07D8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    253024 | PA      | $265544.79    | 0.01%             | 2053-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                 | VISTRA OPERATIONS CO LLC                           | CUSIP: 92840VAZ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1690000 | PA      | $1653147.02   | 0.03%             | 2036-01-31      | Fixed         | 5.35%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140NQDM7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  17405877 | PA      | $17832276.66  | 0.34%             | 2053-09-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133CRW90<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    848829 | PA      | $882127.33    | 0.02%             | 2054-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133WGCV5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     64698 | PA      | $68257.55     | 0.00%             | 2054-06-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| DAIMLER TRUCK FINANCE NORTH AMERICA LLC                       | DAIMLER TRUCK FINANCE NORTH AMERICA LLC            | CUSIP: 233853BK5<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   4765000 | PA      | $4698261.51   | 0.09%             | 2029-01-12      | Fixed         | 4.15%                 | Yes           | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                                            | ENERGY TRANSFER LP                                 | CUSIP: 29273VBK5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3835000 | PA      | $3808365.62   | 0.07%             | 2036-01-15      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| MVW OWNER TRUST                                               | MVW 2020 1 LLC                                     | CUSIP: 55400EAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    127538 | PA      | $127016.55    | 0.00%             | 2037-10-20      | Fixed         | 4.21%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133D0QX2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1462220 | PA      | $1504536.15   | 0.03%             | 2054-11-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36211ELM8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     11425 | PA      | $11634.21     | 0.00%             | 2029-11-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36207KK82<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       481 | PA      | $489.55       | 0.00%             | 2029-03-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                 | FORD MOTOR CREDIT CO LLC                           | CUSIP: 345397G31<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  15030000 | PA      | $15096290.72  | 0.29%             | 2031-11-05      | Fixed         | 6.05%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133W7XA8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    281909 | PA      | $290864.58    | 0.01%             | 2054-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3133KNKL6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     37415 | PA      | $34580.60     | 0.00%             | 2052-01-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XNN75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     45609 | PA      | $44996.73     | 0.00%             | 2047-02-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| KEYCORP                                                       | KEYCORP                                            | CUSIP: 49326EEQ2<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |   4780000 | PA      | $4827153.89   | 0.09%             | 2031-04-04      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36290SGF2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      5833 | PA      | $5891.98      | 0.00%             | 2033-08-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140AAQS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.01         | 0.00%             | 2054-04-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                      | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36210PXH2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2236 | PA      | $2284.01      | 0.00%             | 2029-03-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EB99<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      5581 | PA      | $5626.30      | 0.00%             | 2035-01-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association 2                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179UH39<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    140155 | PA      | $131318.58    | 0.00%             | 2048-12-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Victory Portfolios IV

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer